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Jiangbei District's Capital Market Sees Strong Growth Momentum

By QIUYUE LIICHONGQING|Nov 16,2021

Chongqing – The newly-established Beijing Stock Exchange (BSE) started trading on November 15, 2021. At the opening ceremony, Zhongshe Engineering Consulting (Chongqing) Co., Ltd. (833873), a key enterprise based in Chongqing’s Jiangbei District, went public on the BSE, becoming the first BSE-listed company in Jiangbei District and the only Chongqing enterprise in the first batch of 10 companies debuted on BSE.

The bell-ringing ceremony was held to celebrate Zhongshe Group’s listing on the Beijing Stock Exchange. (Photo provided to iChongqing)

Zhongshe Engineering Consulting (Chongqing) Co., Ltd. specializes in engineering surveying, design, testing, and other relevant engineering consulting services, including providing engineering surveying, design, and testing services for municipal engineering, construction, transportation, and other sectors, and project management and management consulting services for proprietors by the commission and can offer full-lifecycle engineering consulting services for proprietors. Zhongshe Group issued 33.38 million shares at a public offering price of 4.5 yuan per share and raised a total of 150 million yuan, with China Galaxy Securities as the sponsor. Through the online issuance, 165,100 investors obtained effective subscriptions, and the frozen capital reached 14.512 billion yuan, with a distribution ratio of 0.98%. According to the company’s third-quarter financial results, from January 1 to September 30, 2021, Zhongshe Group achieved operating revenue of 125 million yuan, registering an increase of 5.77% year on year. The net profit reached 2.1424 million yuan, representing an increase of 148.92% year on year compared with the same period of last year with a net loss of 4.3798 million yuan.

A ceremony to mark the listing of Zhongshe Engineering Consulting (Chongqing) Co., Ltd. was held simultaneously at Jiangbei District’s administration service center and Beijing Stock Exchange. (Photo provided to iChongqing)

Since the establishment of BSE, Jiangbei District has worked diligently to grasp every opportunity presented by the opening of BSE to push for the listing of Zhongshe Group and has made new progress in promoting the listing of companies in the district. So far, Jiangbei District is home to 13 listed companies, ranking first in Chongqing. The combined market value accounts for about half of the total market value of Chongqing’s listed companies.

In the future, Jiangbei District will ramp up efforts to implement the “Four Firsts” requirements put forward by the Chongqing Municipal Committee of the CPC in a practical and project-based manner, and work towards the goal of becoming a demonstration zone in curbing high energy-consuming and high-emission projects, improve services for listed companies, and develop the best administration service environment, legal environment, and business environment. Meanwhile, Jiangbei District will put building the core bearing area of the western financial center as the top priority and promote the listing of companies and the level of economic securitization as a focus of economic work. Other goals of the district include increasing the capital market’s ability to serve high-quality development and ensuring that companies in Jiangbei District can continue to sustain business growth and keep scaling new heights.

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