Share This

Public company info - C Cheng Holdings Ltd. , 01486.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

C Cheng Holdings Ltd., 01486.HK - Company Profile
Chairman Liang Ronald,Liu Gui Sheng
Share Issued (share) 288,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The group is mainly engaged in the provision of comprehensive architectural service and building information modelling (“BIM”) ervices. Performance for the year: Revenue of the Group was HK$717,172,000 (2019: HK$685,091,000), representing an increase of 4.7%; The profit for the year was HK$14,243,000, as compared with the loss of HK$10,582,000 in previous year. Business Review： Comprehensive Architectural Services The Group aimed to strengthen its market position as one of the leading comprehensive architectural service providers in Hong Kong and the PRC. Amid the severe disruptions caused by COVID-19 in the property market, the Group's comprehensive architectural business was experiencing a challenging year in this pandemic, the extraordinary disruptions to the business activities of the Group, as well as the Group's client, hit hard to the Group's operations in first half of 2020. While strong recovery is noted in second half of the year, the Group's revenue as well as profit was severely affected. During the year, the Group's comprehensive architectural business contributed HK$641,883,000 in segment revenue, representing an increase of 1.6%. the Group secured 272 new contracts from external customers and the value of such new contracts and supplementary contracts totaled approximately HK$852,081,000, as compared with HK$757,923,000 in 2019, representing an increase of 12.4%. As at 31 December 2020, the Group’s segment had remaining contract sums of approximately HK$1,584,628,000, increased by 13.5% as compared with HK$1,395,990,000 in 2019. As the Group's main stream of practice, the Group's traditional sector in architecture contributed approximately 88.0% of the revenue to the Group's comprehensive architectural services. BIM Services isBIM services cover BIM consultancy services, digital transformation consultancy services, cloud based BIM platform development, cloud based project management platform development, sale of IT related products and BIM professional training services. The project nature of isBIM covers smart cities, infrastructure projects, transit projects and large-scale property development. The cloud based platform and its business nature make the Group's BIM sector resilient to the pandemic. There was a continuous growth in revenue and staggering increment in new contracts value and remaining contract fee on hand. During the year, the segment revenue of isBIM amounted to HK$83,456,000 when compared to segment revenue of HK$66,641,000 in 2019, represented an increase of 25.2%. isBIM successfully secured 137 new contracts from external customers and the value of such new contracts and supplementary contracts totaled approximately HK$131,576,000, representing an increase of 56.8% when compared to HK$83,928,000 of last year. Remaining contract sum as at 31 December 2020 was approximately HK$148,776,000, increased by 68.2% as compared with HK$88,434,000 in 2019. The Group believes that together with the experience and connections of the Group in the Group's traditional architecture services, isBIM will be able to connect the Group's existing architecture services and create extended value to the Group's customers. isBIM launched a self-developed BIM data management platform “JARVIS” in the first half of 2019. Clients include top-ten developers in the PRC and the Group expect to see incremental growth for JARVIS platform business, with the use of big data and artificial intelligence technology. This digital platform is able to handle data more effectively for clients throughout the whole life cycle of the project with smart management technology and smart city development, etc., offering a comparative advantage especially when combined with the professional BIM consultancy services. Prospects: Agility has always been a defining feature of the Group. Over the years, the Group have developed a diversified mode of business which has successfully taken us through the hurdles of 2020, enabling us to stay financially healthy and resilient as a corporate entity. The Group also benefitted from the quick recovery of the PRC from the impact of COVID-19, which had brought the economy under immense pressure. The pandemic testified the Group's resilience as a Group, and highlighted the importance of staying on the lookout for new trends. In 2020, the Group also took initiative to strengthen the Group's digitalisation expertise and diversify into new areas of business, both of which will create nascent opportunities and additional income sources for the coming years. Moreover, the Group will continue to explore the vertical expansion of the Group's service chain, for achieving maximum benefits for the shareholders of the Company (the “Shareholders”). With an emphasis on innovation and efficiency, the Group will continue to act as a powerful driver of digitalisation in the construction industry. Revenue from the Group's digitalisation business rose 42% in 2020 and the Group anticipate further rise in the proportion it contributes to the Group's business. With the acquisition of a new entity and therefore expanded technological capabilities, isBIM is set to encompass a full spectrum of digital transformation services from consultancy to IT solutions and IoT deployment, placing the Group in an ever stronger position to partake in the growing trend of smart urbanisation. the Group are also an exporter of knowledge regarding digitalisation, which is an increasingly valued asset across different sectors. In terms of regular operations, ongoing digitalisation of the Group's workflows pushes on under the pandemic as the Group continue to streamline cloud operations and encourage crossborder collaboration. the Group's internal digital infrastructure is constantly being upgraded and strengthened, and the Group's workforce of 1,300 is ready to transform into the next generation model of how the Group work as a team. In the coming year, the Group will continue to identify opportunities for growth and maximise the benefits of the Group's unique position in the GBA. the Group expect to take up larger roles in the development of smart cities, integrating the Group's architectural and digital capabilities to build world-class infrastructure that will shape the Group's future cities.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.