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Public company info - BHCC Holding Limited , 01552.HK
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BHCC Holding Limited, 01552.HK - Company Profile
Chairman Yang Xinping
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The Group is provision of building construction services and properties investment including the leasing of industrial properties in Singapore. Performance for the year: The Group’s revenue for the year was approximately S$122.6 million, representing a growth of 11.3% as compared with that of approximately S$110.1 million for the previous year. Total gross profit for the year decreased by approximately S$1.9 million to approximately S$4.3 million (2018: approximately S$6.1 million), and the gross profit margin decreased to approximately 3.5% (2018: approximately 5.6%). For the year ended 31 December 2019, profit after taxation, representing profit attributable to owners of the Company decreased from approximately S$3.15 million to approximately S$0.05 million. Business Review： The Group is principally engaged as a main contractor in the provision of building and construction works and properties investment including the leasing of industrial properties in Singapore. the Group is also specialised in reinforcement concrete works which it has undertaken on a selected basis in the subcontractor projects. With more than sixteen years of experience in the construction industry in Singapore, the Group continues to strive for delivering high quality building services. In 2019, the Company maintained its strategy of focusing on public sector projects which generally have prompt payments. Hence, approximately 66.3% of our revenue from our building and construction works segment was derived from public sector projects. this allows us to maintain a healthy receivable turnover day as at 31 December 2019 of 17 days. Upon the completion of the construction of an industrial building (“BHCC Space”) situated at No. 1 tampines North Drive, #08-01 BHCC Space, Singapore 528499 in February 2019, the Company has relocated its headquarters to BHCC Space, and the leasing of industrial units making up the Group’s investment properties at BHCC Space and 11 Irving Place, Singapore 369551 was identified as an additional segment as property investment. As at 31 December 2019, all five industrial units at 11 Irving Place and approximately 44.2% of BHCC Space were leased out to independent third parties, and during the year ended 31 December 2019, revenue generated from property investment amounted to approximately S$0.8 million. Given the outbreak of COVID-19, it is expected that the revenue from property investment may be affected in the year ending 31 December 2020. Prospects: The Group continues to focus on strengthening its market position for the building construction works in Singapore. In the first half of 2020, it is expected that there will be some impact on our business due to delivery delays of construction materials as a result of COVID-19. However, given that the Singapore government will introduce stimulus packages, it is expected that the impact of such problems will be mitigated and there will be no material adverse effect in the general economic and market conditions in Singapore or the industry in which it operates that had affected or would affect the business operations or financial conditions of the Group materially and adversely. The Company expects to: (a) expand the Group’s business and strengthen the Group’s market position in the construction industry in Singapore; (b) pursue higher value contracts; (c) enhance and expand the Group’s workforce to keep up with the Group’s business expansion; and (d) improve productivity with investments in BIM and ERP software.

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