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Public company info - Prosper Construction Holdings Ltd. , 06816.HK
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Prosper Construction Holdings Ltd., 06816.HK - Company Profile
Chairman Wang Xuejun
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Infrastructure
Corporate Profile Business Summary: The group provide marine construction services, auxiliary marine related services and general construction contracting services. Performance for the year: The Group recorded revenue of HK$1,465.7 million for the Year 2020, representing an increase of approximately 184.6% from the year ended 31 December 2019 (“Year 2019” or “Previous Year”) The Group’s profit for the Year 2020 increased by 32.8% to HK$16.0 million as compared to HK$12.1 million. Business Review: The Group also achieved favourable progress in its reclamation project in Macao and has been awarded various new marine projects in Macao during the Year 2020, including two contracts for the design and construction of a steel trestle bridge and platform and dredging works in relation to a cross-harbthe Group’s bridge project, a pipe-laying project and a dumping project. Meanwhile, marine construction activities in Hong Kong remained at low level and exploration and negotiation of overseas projects, such as in Pakistan, Indonesia and the Philippines, have reduced owing to the prolonged period of coronavirus disease (“COVID-19”) outbreak and travel restrictions at various countries and locations. Prospects: With its established business track record, the Group further strengthened its business presence in Macao and the number and value of projects on hand in Macao achieved a new high during the Year 2020. Meanwhile, the Group’s newly acquired general construction contracting operation in Qingdao had an encouraging start during the Year 2020 with the support from the Qingdao West Coast Group. Given that the Qingdao West Coast Group is principally engaged in infrastructure construction, land development, real estate development and other industrial investment and operations, it is anticipated that the Group’s general construction contracting operation will continue to enjoy synergy and benefit from potential new development projects to be launched by the Qingdao West Coast Group. Furthermore, the Group has completed the acquisition of a 34% equity interest in an advanced curtain wall manufacturing and installation company, namely 青島宏海幕 牆有限公司 (Qingdao Honghai Curtain Wall Co., Ltd.*) (“Honghai Curtain Wall”), in Qingdao, PRC in January 2021, which enabled the Group to develop into a comprehensive construction services provider in the PRC in order to enhance the Group’s competitiveness in bidding for building construction projects, including but not limited to leveraging on the Group’s business network with the Qingdao West Coast Group. Going forward, the Group’s Marine Business will focus on exploring opportunities in overseas, Macao and Hong Kong while simultaneously support the development and technical diversification of its General Construction Business in the PRC; as such, it is envisaged that the General Construction Business will continue to be the key revenue driver for the Group, with a significant portion of revenue sourced through the Qingdao West Coast Group. Overall, the Group will remain dedicated to cultivate growth in both its General Construction Business and Marine Business by capturing business opportunities in both public and private sectors in the PRC, particularly in the greater Qingdao area and Macao, and overseas locations.

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