Breaking through the industry barrier, the transformation and upgrading effect of Gold Mantis has appeared

Text – Kingfisher Capital

With the acceleration of urbanization and the increase in housing demand, the competition in the building decoration market is becoming more and more fierce, and it is also facing problems such as overcapacity, increased environmental awareness and talent shortage.

Technological innovation superimposed transformation and upgrading has become a weapon to cross the barriers of the industry.

In the context of weak real estate demand, Gold Mantis (002081. SZ) performed well, with new orders bucking the trend. In the first half of this year, the company achieved an operating income of 10.574 billion yuan and a net profit attributable to shareholders of listed companies of 613 million yuan.

It can be seen from the semi-annual report that under the premise of ensuring risk control, Gold Mantis accelerates business transformation and upgrading, and the prefabricated business continues to make efforts.

In terms of products, the company's curtain wall and design business revenue both increased. Among them, the revenue of curtain wall was 981 million yuan, a year-on-year increase of 9.85%; Design revenue was 656 million yuan, a year-on-year increase of 6.22%.

The progress of science and technology has made the building decoration industry continue to innovate and develop, and the application of new materials and new processes continues to emerge, which has effectively promoted the evolution of the industry's competitive pattern. Gold Mantis has achieved sustainable development by strengthening technological innovation, improving service quality, transformation and upgrading, seeking differentiated competitive advantages, and seizing market opportunities.

Continue to strengthen the advantage of barriers

Under the trend of accelerating urbanization and increasing per capita residential area, the development space of the building decoration industry is still considerable. Moreover, the entire life cycle of the building from the completion of the main structure to the end of its service life needs to be decorated several times. Therefore, the building decoration industry is characterized by the demand for sustainability.

With the growing demand for technology and efficiency, the decoration project general contracting (EPC) and prefabricated decoration mode are highly recognized by the market. Gold Mantis has long recognized the advantages of the EPC model to simplify management, improve collaboration, reduce risks, save costs and accelerate project schedules, so it also regards EPC as an important development direction.

In recent years, relying on the resource advantages and management advantages of the company's design, procurement and construction industry chain, Gold Mantis has created a "one-stop entrustment" and a full-service management platform to accelerate the competitive advantage in the EPC field.

Taking advantage of the resources of the whole industry chain and multi-professional management, Gold Mantis EPC has performed well in the field of EPC, and based on this, it has further increased its business development efforts and formed a new growth point to promote the sustainable development of the enterprise.

It is worth mentioning that the company has been committed to the research and development of prefabricated technology, and has edited the CBDA standard "Residential Prefabricated Decoration Technical Regulations", the implementation of which is of great significance, is an important measure in response to the implementation of the policy of the Ministry of Housing and Urban-Rural Development, and is also an important standard in the field of residential prefabrication and the entire construction industry, and is also the first prefabricated standard established by the China Decoration Association.

Digital management is another advantage barrier for Gold Mantis.

The project management command system independently built and upgraded by the company can serve more than 1,000 projects under construction at the same time, ensuring the service, supervision and early warning of the whole process of the project.

According to reports, the management command system of Gold Mantis has been upgraded by version 2.0, which can realize data analysis, risk early warning and resource coordination in terms of factory capacity, material arrival, labor consumption and other aspects through RFID radio frequency identification, on-site monitoring, intelligent identification and other technologies, so as to ensure the management goal of delivering projects to customers with high quality on schedule.

At the same time, as a national high-tech enterprise, the company is committed to promoting BIM technology.

At present, the company applies BIM technology to more than 100 projects every year, is one of the most complete and mature enterprises in the domestic decoration industry BIM digital construction application system, and has created a number of urban benchmark projects such as Shanghai Center, Nanjing Youth Olympic Center, Beijing Universal and so on.

Relying on the leading advantages and barriers created by the company, Gold Mantis has a bright business performance in listed companies in the building decoration industry. In the first half of this year, the company's new orders, cash flow and net profit performed well, showing obvious advantages and demonstrating the core competitiveness of leading enterprises in the industry.

The effect of transformation and upgrading is visible

In the first half of the year, Gold Mantis promoted the transformation and upgrading of its business structure.

In addition to the continuous expansion of EPC general contracting, urban renewal, rural revitalization, prefabrication, medical purification and other types of business, Gold Mantis attaches great importance to the development of new customers, especially enterprises with rapid development in new energy, high-end equipment manufacturing, artificial intelligence, medical and health care, biopharmaceuticals and other industries, and continues to land orders.

Recently, Gold Mantis issued an announcement that the company won the bid for the clean plant decoration project of Zhuhai Qisi Intelligent Manufacturing Co., Ltd., with a winning bid amount of 58 million yuan.

It is understood that the winning project is the clean plant decoration project of the Kikena electronic atomization technology and equipment industrialization project. The project is located in Zhuhai High-tech Zone, Guangdong, and after the completion of the project, it will be built into an intelligent manufacturing industrial park with a three-dimensional ecological electronic atomization equipment industry chain.

According to Gold Mantis, the medical care sector is the company's current rapid development of the key business, through continuous training of the management team, learning the professional technology of the medical decoration industry, the company has obtained the special equipment industrial pipeline (GC2) qualification, medical device business license, opened the market segment of clean mechanical and electrical engineering, and increased the types of projects that can be undertaken.

Since the establishment of the Clean Technology Division, the company has undertaken special projects such as Suzhou Laboratory, Huancaixing Metal Mask Phase II Clean Workshop, VIP Building of the First Hospital of Zhejiang University, Nanjing International Hospital, Moganshan Medical Center and so on. This year's winning bid for the Kikna Clean Plant project represents another solid step for the company.

In addition, in the face of new teaching modes and diversified learning activities, Gold Mantis adopts innovative interior decoration techniques for educational buildings, uses scientific and technological materials and craftsmanship, and completes the corresponding space atmosphere needs of each college, stimulating the initiative and creativity of students and teachers.

According to reports, the company has built the Taicang campus of Xi'an Jiaotong-Liverpool University, a comprehensive campus with the blueprint of "model of future university", which won the bronze award in the "Future Education" category of the World Architecture News Awards, and won the LEED Gold Green Building Certification, which is the highest benchmark for green buildings.

In adhering to the innovation-driven strategy and actively adapting to market changes, Gold Mantis broke through the downward barriers of the industry, focused on improving the competitiveness and technical level of emerging businesses, further strengthened the company's barrier advantages, and achieved contrarian growth.

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