Shenzhen Jianyi Decoration Group Co., Ltd. provides interior and exterior architectural construction and design services in China, and is also involved in construction engineering services. Its projects include government buildings; commercial buildings such as office buildings and star-rated hotels; public buildings including cultural, educational, sports and health facilities, and residences; and transportation facilities such as airports and subways. The company was founded in 1994 and is based in Shenzhen, China.
*ST Jianyi publicly recruits and selects investors, with a maximum registration deposit of 50 million yuan
*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 investors recruited this time are divided into two categories: industrial investors and financial investors. Industrial investors must meet conditions such as 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 company's creditor, Zhuhai Zhengfang Industrial Development and Operation Co., Ltd., applied to the Futian Enterprise Restructuring Service Center on May 25, 2026 for restructuring of the company. The company agreed to out-of-court restructuring, and the restructuring center accepted the matter in June 2026 and designated King & Wood Mallesons Shenzhen Office and Guangdong Rongguan Law Firm as restructuring coordinators. According to the company's 2026 semi-annual report, as of June 30, 2026, the company's consolidated total assets were 6.869 billion yuan, total liabilities were 6.573 billion yuan, and net assets attributable to shareholders of the listed company were 61.51 million yuan. In the first half of 2026, consolidated operating revenue was 1.029 billion yuan, and net profit attributable to shareholders of the listed company was negative 143.54 million yuan. The company stated that this recruitment aims to bring in investors with financial strength, industrial resources, and operational management capabilities, but the recruitment is subject to major uncertainty, and the company has not yet entered any bankruptcy procedure such as judicial pre-reorganization or reorganization.
002789.CS · Capital · Neutral *ST Jianyi is publicly recruiting industrial and financial investors to advance out-of-court restructuring and judicial reorganization, a financing/restructuring event with major uncertainty.
珠海正方产业开发运营有限公司 · Capital · Neutral Zhuhai Zhengfang, a creditor, applied for restructuring of *ST Jianyi; its role is as applicant creditor, not a subject of the recruitment.
ST Jianyi reports net loss of 144 million yuan in 2026 interim report, narrowing year-on-year
ST Jianyi released its 2026 interim report. As of June 30, the company's total operating revenue was 1.029 billion yuan, and net profit attributable to the parent company was negative 144 million yuan, an improvement of 44.9182 million yuan compared with the same period last year, with the loss narrowing. Net cash flow from operating activities was negative 124 million yuan, an increase of 379 million yuan year-on-year. The asset-liability ratio was 95.69 percent, down 11.78 percentage points year-on-year; gross margin was 1.56 percent, and return on equity was negative 233.36 percent. Diluted earnings per share was negative 0.90 yuan, an increase of 0.28 yuan year-on-year. Total asset turnover was 0.14 times, and inventory turnover was 10.54 times, up 46.41 percent year-on-year. The company had 5,565 shareholders, and the top ten shareholders held 59.25 percent of total share capital.
002789.CS · Capital · Positive ST Jianyi's 2026 interim net loss narrowed by 44.9 million yuan year-on-year, with operating cash flow improving by 379 million yuan and asset-liability ratio down 11.78 points.
*ST Jianyi 2026 interim report: revenue down 47.45%, loss narrows 23.83%
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.
002789.CS · Capital · Positive Controlling shareholder Zhuhai Zhengfang Group provided 1.4 billion yuan debt forgiveness and 400 million yuan cash gifts to improve capital structure.
002789.CS · Demand · Negative Revenue fell 47.45% as construction and decoration orders declined sharply, with decoration gross margin at negative 24.84%.
Jianyi Group narrows first-half losses by 23.83 percent as out-of-court restructuring advances steadily
Jianyi Group disclosed its 2026 half-year results on the evening of August 27. The company achieved operating revenue of 1.029 billion yuan and a net loss attributable to the parent of 144 million yuan, narrowing losses by 23.83 percent year on year. Against a backdrop of weak demand in the building decoration industry, the company's first-half performance showed a trend of narrowing losses, laying a foundation for risk resolution and debt optimization. The company continued to advance its out-of-court restructuring. It issued a creditor claim filing announcement on June 30, began recruiting asset appraisal institutions on July 13, and closed creditor claim filing on August 10, bringing the claim registration stage to a close. As key steps such as claim sorting, debt optimization, and the introduction of investors are implemented, the company is expected to shed its historical burdens and improve its operating fundamentals.
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