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Shanghai Geoharbour (605598.SH) Opens a New Chapter in Capital Market

Time:2021-09-17

On September 17, 2021, Shanghai Geoharbour Construction (Group) Co., Ltd. (Stock Code: 605598, referred to as SH Geoharbour) was officially listed on the Shanghai Stock Exchange.

Shanghai Geoharbour is a comprehensive geotechnical engineering service provider integrating survey, design, construction and monitoring. With sufficient and high technology, systematic design ability and rich project experience, the company, during its over 20-year-long development, has completed more than 100 large and medium-sized geotechnical engineering projects at home and abroad, including Shanghai Pudong International Airport, Changi Airport in Singapore, Jakarta International Airport in Indonesia, Dubai World Island, etc. In addition, the company also edited Chinese national standard of “Technical Code for Ground Treatment of Hydraulic Fill”, participated in the formulation of Chinese national standards such as “Technical Code for Levee Engineering on Soft Ground in Coast Area”, and is now participating in the edition of the “National Technical Code for Foundation Treatment” in Indonesia. In the next few years, we will focus on expending the overseas market, especially with the strong driving force from the promotion of the One Belt One Road Initiative. By continuously expanding markets in the countries along the “One Belt One Road,” we have made remarkable engineering achievements and promoted the local infrastructure construction in more than ten countries. Also, we will actively implement the "One Belt One Road" as one of our important links to realize the company’s "domestic rooted and overseas oriented" overall development strategy. That is to say, we will strive to maintain our domestic business while continuing to expand our markets and enhancing our strength to consolidate the company’s market position in geotechnical industry. At last, we would like to thank all the government leaders and the Shanghai Stock Exchange for their care, thank various intermediaries for their assistance and thank friends from all walks of life for their concern. SH Geoharbour is successfully listed today. In the future, we will continue to move forward bravely to live up to people’s expectations.

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