Guangdong Jianke Seeks 4.8125 Billion Yuan IPO on ChiNext Board

Guangdong Jianke, a prominent player in the construction engineering sector, has submitted its application for an initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange. This move, announced on June 3, signifies the company's ambition to become a publicly traded entity and raise 4.8125 billion yuan through this offering. CITIC Securities is serving as the underwriter for the IPO.

Guangdong Jianke's primary business is centered around providing inspection and testing services within the construction engineering domain. These services constitute 98% of the company's total revenue, highlighting its specialization and expertise in this area. The company generates income by offering these services to clients and submitting comprehensive reports on the inspection and testing results, ensuring high standards of quality and reliability.

The company boasts an extensive range of testing qualifications, with over 4,100 recognized standards and 31,869 testing parameters. This broad coverage spans various sectors, including residential construction, municipal infrastructure, transportation, water resources, environmental protection, and safety production. Guangdong Jianke's operational network is robust, with branches and on-site laboratories strategically located across the "Pearl River Delta 9 cities + Eastern, Western, and Northern Guangdong 3 regions + Qingyuan" areas, ensuring comprehensive service coverage.

Guangdong Jianke secures its business through competitive bidding and direct commissions. The bidding process includes both open tendering and invitation-based tendering. The company operates on a project-based model, assigning project managers and teams to ensure timely, high-quality completion of each project. This structured approach has enabled Guangdong Jianke to successfully undertake major construction projects, such as the Hong Kong-Zhuhai-Macao Bridge, Guangdong Science Center, Guangzhou Baiyun International Airport, Guangzhou International Finance Center, Ping An Finance Tower in Shenzhen, and the Shenzhen Stock Exchange Operations Center.

In recent years, the company has demonstrated strong financial performance. For the years 2022, 2023, and 2024, Guangdong Jianke reported revenues of approximately 10.72 billion yuan, 11.54 billion yuan, and 11.97 billion yuan, respectively. Correspondingly, the net profits for these years were approximately 1.02 billion yuan, 981.527 million yuan, and 1.05 billion yuan.

This IPO submission is a strategic move for Guangdong Jianke, positioning the company for growth and expansion. By going public, the company will gain access to additional capital, which it plans to invest in new technologies, expand its service offerings, and enhance its market presence. This financial boost will strengthen its competitive position in the industry and attract more clients seeking high-quality inspection and testing services.

The IPO process involves a thorough review by regulatory authorities to ensure compliance with listing requirements. Once approved, Guangdong Jianke will join other innovative companies listed on the ChiNext board, known for supporting high-growth, technology-driven enterprises. This listing will provide the company with the financial resources needed for future development and enhance its credibility and visibility in the market.

In summary, Guangdong Jianke's submission for an IPO on the ChiNext board underscores its commitment to growth and innovation in the construction engineering sector. With a strong focus on inspection and testing services, the company is well-positioned to capitalize on the increasing demand for quality assurance in the industry. The successful completion of the IPO will enable Guangdong Jianke to expand its operations, invest in new technologies, and solidify its position as a leading provider of inspection and testing services.