According to Futu News on January 9th,$ZHONGSHENJIANYE (02503.HK)$It opened low on the first day. As of press release, it was HK$0.81, with a total market capitalization of over HK$400 million.
Market Source: Futu Securities>
According to previously public information, in the Futu Undercover Trade on the previous trading day, China and Shenzhen Construction ended up falling 16.00% to HK$0.84, with a turnover of HK$1,842,600, with a total market value of HK$432 million; 4,000 shares per lot, before handling fees, lost HK$640 per lot.
Furthermore, according to previous public information, China and Shenzhen Construction Industry received a total of 5,112 valid applications during the public sale phase, and the approximate percentage of first-hand allotted H shares was 100.00% of the total number of applications. Futu Information collates the relevant data as shown below:
Company Overview
Established in 2017, Zhongshen Construction is a private general contracting construction enterprise in China in the development stage. Using strategic thinking to specialize in municipal public works in Guangdong Province, the company has built a reputation and expanded its market share, and has successfully established a strong foothold in Guangdong Province, covering Henan, Sichuan, Fujian, Hubei, Zhejiang and the Xinjiang Uyghur Autonomous Region.
According to Frost & Sullivan's report, in 2022, the company ranked in the top 50 (in terms of revenue) of over 10,000 private construction companies headquartered in Guangdong Province, with a market share of about 0.23%. In 2022, the construction industry in Guangdong Province accounted for about 8.1% of the overall Chinese market (in terms of revenue). Of all private construction companies in Guangdong Province in 2022, the top 5 private construction companies in Guangdong Province accounted for about 15.0% of the market share.
During the track record period, the company mainly acted as a general contractor or subcontractor for construction projects. The company's projects cover various types of construction projects, including (i) construction projects, mainly structural and/or construction projects; (ii) municipal public works, which mainly include all urban and rural public infrastructure construction; (iii) foundation works, which mainly include earthwork and foundation construction and slope protection projects; and (iv) professional contract projects, which refer to professional construction projects outsourced by the general contractor and with strict professional requirements, mainly including building decoration and decoration engineering services.