Shenzhen Jianyi Decoration Group Co Ltd

ST Jianyi announced that, in order to advance out-of-court restructuring and subsequent judicial reorganization, the company has decided to publicly recruit and select investors. The recruitment is divided into two categories: industrial investors and financial investors. Industrial investors must meet conditions including positive net profit over the past three years and average revenue of no less than 500 million yuan, with a registration deposit of 50 million yuan. Financial investors must subscribe for no fewer than 5 million shares, with a registration deposit of 10 million yuan. The base price for this investment offer is 5.58 yuan per share. The registration deadline is 5 p.m. on October 28, 2026.

Lan鲸 News reported on August 27 that *ST Jianyi released its 2026 interim report. During the reporting period, the company achieved operating revenue of 1.029 billion yuan, down 47.45% year-on-year. Net loss attributable to the parent company was 144 million yuan, narrowing by 23.83% year-on-year. Net loss after deducting non-recurring items was 150 million yuan, narrowing by 23.42% year-on-year. Net cash flow from operating activities was negative 124 million yuan, with the net outflow narrowing by 75.38%. Construction engineering business revenue was 809 million yuan, accounting for 78.69% of total revenue, down 40.27% year-on-year. Decoration engineering business revenue was 140 million yuan, accounting for 13.56%, down 67.95% year-on-year, with a gross margin of negative 24.84%. The decline in performance was mainly due to reduced orders. The company alleviated pressure through expense control, with selling, administrative, and financial expenses falling by 61.43%, 24.65%, and 49.10% respectively. Controlling shareholder Zhuhai Zhengfang Group provided 1.4 billion yuan in debt forgiveness and 400 million yuan in cash gifts to improve the capital structure, but progress in out-of-court restructuring and uncertainty over going concern remain major risks.