New stock news: Jixianguo Kontrol Testing passes the Hong Kong Stock Exchange's GEM hearing and offers testing services with over 2700 parameters in 39 categories.

According to the news from the Hong Kong Stock Exchange on August 23, Guangdong Jixinuokong Testing Certification Technology Service Center Co., Ltd. (Jixinuokong Testing) has passed the listing hearing on the GEM of the Hong Kong Stock Exchange, with Huajinrongzi International and Yuexiu Rongzi as its joint sponsors. According to the prospectus, Jixinuokong Testing is mainly engaged in construction engineering testing and inspection services, serving clients in Maoming City, Guangdong Province, China. The company was founded in 2000 and is headquartered in Xinyi City, Maoming. Over the years, revenue from construction engineering testing and inspection services has continuously grown. The company provides a range of construction engineering testing and inspection services, covering various types of testing and inspection processes in the industry. It mainly provides construction engineering testing and inspection services including soil foundation testing services, infrastructure and public road testing services, building material testing services, and building structure testing services. In addition, the company also provides construction engineering inspection services including slope monitoring and foundation pit monitoring. Since May 2024, as part of the expansion plan, the company has continued to focus on construction engineering testing and inspection services, while diversifying its services to provide food testing services, which contributed 12.3% of total revenue in the first six months of 2024. Jixinuokong Testing's customer base mainly consists of participants of the China State Construction Engineering Corporation, including private and public sector entities such as real estate developers and construction companies, state-owned investment companies, relevant Chinese government agencies, and Chinese government administrative departments. These clients rely on the company's expertise to ensure the quality, safety, and compliance of their construction or infrastructure projects at various stages. The company's testing and inspection services mainly focus on private commercial and residential construction projects, as well as public building and infrastructure projects. In the fiscal years 2021, 2022, 2023, and the first six months of 2024, the company had 268, 182, 279, and 196 clients respectively. As of August 16, 2024, Jixinuokong Testing had a team of 106 employees, collectively holding 179 testing qualifications issued and approved by the Guangdong Provincial Construction Engineering Quality and Safety Testing and Appraisal Association, capable of executing proficient and reliable testing and inspection procedures. Among them, 55 are qualified engineers specializing in construction engineering in China, and three are qualified engineers in food and the Shenzhen Agricultural Power Group. The company has also obtained a total of 39 qualifications approved by the Guangdong Provincial Market Supervision Administration for testing and inspection services related to construction engineering, products and materials testing, environmental testing, food testing, and agriculture, providing over 2,700 parameters of testing services under 39 categories. In terms of finances, in the fiscal years 2021, 2022, 2023, and the first six months of 2024, Jixinuokong Testing reported revenues of RMB 39.781 million, 19.966 million, 41.5 million, and 22.83 million respectively, while net profits for the same periods were RMB 17.737 million, 2.912 million, 13.254 million, and 7.343 million respectively.