---
title: "A-share subscription | Guangdong Academy of Building Research has started subscription, the company undertook the inspection and testing technical service work for projects such as the Shenzhen Stock Exchange Operation Center"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251072175.md"
description: "Guangdong Academy of Building Research started its subscription on August 1, with an issue price of 6.56 yuan per share and a subscription limit of 14,500 shares, with a price-to-earnings ratio of 26.48 times. The company mainly provides inspection and testing technology services in the construction engineering field and undertakes multiple large projects. The operating revenues for the years 2022-2024 are projected to be 1.072 billion yuan, 1.154 billion yuan, and 1.197 billion yuan, with net profits of 101 million yuan, 98.1527 million yuan, and 105 million yuan, respectively. The company warns of the risk of declining return on net assets"
datetime: "2025-07-31T22:37:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251072175.md)
  - [en](https://longbridge.com/en/news/251072175.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251072175.md)
---

# A-share subscription | Guangdong Academy of Building Research has started subscription, the company undertook the inspection and testing technical service work for projects such as the Shenzhen Stock Exchange Operation Center

According to Zhitong Finance APP, on August 1, Guangdong Academy of Building Research (301632.SZ) opened for subscription, with an issue price of 6.56 yuan per share, a subscription limit of 14,500 shares, and a price-to-earnings ratio of 26.48 times. It is listed on the Shenzhen Stock Exchange, with China Merchants Securities as its sponsor.

The prospectus disclosed that Guangdong Academy of Building Research's main business is inspection and testing technical services in the construction engineering field. The company has over 4,100 testing standards recognized by inspection and testing institutions and masters 31,869 testing parameters, covering multiple inspection and testing business sectors such as construction, municipal, transportation, water conservancy, environmental protection, and safety production. It holds a comprehensive Class A qualification for highway engineering and a specialized qualification for bridge and tunnel engineering issued by the Ministry of Transport, as well as all five major categories of Class A qualifications for water conservancy engineering issued by the Ministry of Water Resources. The company has obtained certification for nine types of green products and certification for green building materials for 48 products in five categories (currently a total of 51 products in six categories), making it one of the leading institutions in the country for engineering inspection and testing and green building materials certification qualifications and capabilities.

In recent years, the company has undertaken inspection and testing technical services for major construction projects such as the Hong Kong-Zhuhai-Macao Bridge, Guangdong Science Center, Guangzhou Baiyun International Airport, Guangzhou International Financial Center, Shenzhen Ping An Financial Tower, and Shenzhen Stock Exchange Operations Center.

In terms of finance, for the fiscal years 2022, 2023, and 2024, the company achieved operating revenues of approximately 1.072 billion yuan, 1.154 billion yuan, and 1.197 billion yuan, respectively, with net profits of approximately 101 million yuan, 98.1527 million yuan, and 105 million yuan during the same periods.

In the prospectus, Guangdong Academy of Building Research warned of the risk of declining return on net assets. The weighted average return on net assets attributable to the parent company's shareholders during the reporting period was 5.34%, 5.16%, and 5.42%, respectively. After the company's initial public offering is completed, net assets will increase significantly, but since it takes time for fundraising projects to generate expected benefits, there is a risk that the company's return on net assets will decline to a certain extent in the short term

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