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Public company info - Hao Tian International Construction Investment Group Limited , 01341.HK

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Hao Tian International Construction Investment Group Limited, 01341.HK - Company Profile
Chairman -
Share Issued (share) 2,400,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Machinery & Equipment
Corporate Profile Business Summary: The Group is principally engaged in rental of construction machinery, trading of construction machinery and spare parts, and provision of machinery transportation services mainly in Hong Kong. Performance for the year: The total revenue decreased by approximately HK$82.9 million, or 29.9%, from approximately HK$277.3 million for the Previous Year to approximately HK$194.4 million for the Year. The gross profit slightly increased by approximately HK$0.7 million, or 2.3%, from approximately HK$31.8 million for the Previous Year to approximately HK$32.5 million for the Year, whereas the gross profit margin increased from approximately 11.5% for the Previous Year to approximately 16.7% for the Year. The Group’s net profit for the Year was approximately HK$0.3 million (Previous Year: net loss of HK$11.2 million) and the net profit margin was approximately 0.2% (Previous Year: net loss margin of 4.1%). Excluding the listing expenses, the Group’s net loss for the Previous Year would have been approximately HK$0.7 million and the net loss margin for the Previous Year would have been approximately 0.3%. Business Review: Rental of construction machinery The Group offers crawler cranes of different sizes, other mobile cranes, aerial platforms and foundation equipment as the rental fleet. For crawler cranes, the mix in the rental fleet ranges from 2.9-tonne mini crawler cranes to 450-tonne massive crawler cranes. The Group sources these construction machinery mainly through the manufacturers of construction machinery located in developed countries in Western Europe and Northern Asia as well as traders of used construction machinery around the world. Trading of construction machinery and parts The Group is also engaged in trading of new construction machinery and spare parts, as well as used construction machinery. To accommodate the needs of different customers, the Group offers a wide range of construction machinery including crawler cranes with lifting capacity of up to 450 tonnes, aerial platforms and foundation equipments. The Group has entered into several dealership arrangements with construction machinery manufacturers in Europe, Japan and Korea. To satisfy customers’ needs, the Group also sells spare parts to customers for maintenance purposes or upon request. Transportation services The transportation services include local container delivery, construction site delivery and heavy machinery transport. According to customers’ requests, the Group arranges and provides these services with various transportation vehicles and equipment including 44-tonne heavy load trucks, 8-tonne to 25-tonne crane lorries, 20-feet to 40-feet trailers, and under 38-tonne trucks. Prospects: Despite the challenges Hong Kong faced during the Year, the Group remained confident about the opportunities for growth in the long run given the rapid infrastructure development in Hong Kong. According to the Construction Expenditure Forecast prepared by the Construction Industry Council, the total construction expenditure in public and private section in Hong Kong is estimated to increase from HK$215.4 billion for the year ended 31 March 2015 to approximately HK$240 billion for the year ended 31 March 2020. In April 2016, the construction of the Three-runway system in Chek Lap Kok Airport was approved, the total estimated construction cost being approximately HK$141.5 billion. The Group believes that it possesses the business strengths and competitive advantages that enable the Group to grow and enhance its profitability. Such strengths and competitive advantages include (1) well established reputation and long history of operation in the construction machinery rental service industry; (2) experienced and dedicated management team; (3) possession of over 200 construction machines and equipments for rental; and (4) long term relationships with major customers. As disclosed in the Placing Announcements, the Company intends to deploy the net proceeds from the Placing (after deduction of all relevant expenses) in exploring prospective real estate developments and investment properties and expansion opportunities in respect of the rental of construction machinery business in the People’s Republic of China, Singapore, Vietnam and the United Kingdom. In view of the above, there are positive prospects for the Group and it is expected that the business and revenue will continue to grow steadily in the foreseeable future.

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