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Public company info - Kin Shing Holdings Limited , 01630.HK
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Kin Shing Holdings Limited, 01630.HK - Company Profile
Chairman Leung Chi Kit
Share Issued (share) 1,500,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The Group is principally engaged in the provision of formwork works and building construction works. Performance for the year: Revenue of the Group for the year ended 31 March 2020 amounted to approximately HK$434,647,000 (2019: approximately HK$850,565,000). Loss attributable to the equity shareholders of the Company for the year ended 31 March 2020 amounted to approximately HK$10,831,000 (2019: approximately HK$19,319,000). Basic loss per share for the year ended 31 March 2020 amounted to approximately 0.72 HK cents (2019: approximately 1.29 HK cents). Business Review： The Group is principally engaged in the provision of formwork works with an insignificant portion from building construction works (including concrete works and finishes works). Based on the materials used in the formwork works, the Group categorise the Group’s formwork works into (i) traditional timber formwork by using timber and plywood; and (ii) metal formwork system by using aluminium and metals. Since the listing of the Company on 16 June 2017 (the “Listing”), there has been no significant change in the business operations of the Group. During the year ended 31 March 2020, formwork works contributed approximately HK$434,647,000 to the Group’s revenue (2019: approximately HK$850,565,000). The Group predominately engaged in erecting formworks for construction works in private residential and commercial buildings during the year ended 31 March 2020. In recent years, in order to diversify the scope in different kinds of construction projects, the Group had also engaged in formwork works for construction works in public housing. As such, the construction projects undertaken by us include both public-sector projects (including projects where the ultimate employer(s) are Government departments and statutory bodies) and private sector projects (including projects where the ultimate employer(s) are property developer(s) and land owner(s)). During the year ended 31 March 2020, the revenue generated from private sector projects accounted for approximately HK$331,403,000 (2019: approximately HK$633,149,000), representing approximately 76.2% (2019: approximately 74.4%), of the total revenue of the Group, and approximately HK$103,244,000 (2019: approximately HK$217,416,000), representing approximately 23.8% (2019: approximately 25.6%), of the total revenue of the Group were generated from public sector projects undertaken by us. During the year ended 31 March 2020, there were 17 customers who contributed a total revenue of approximately HK$434,647,000, whereas there were 19 customers who contributed a total revenue of approximately HK$850,565,000 for the corresponding period in 2019. Prospects: Looking forward, it is foreseeable that the intensified market competition, challenges and uncertainties in the costs of staff, materials and subcontracting fees will continue to plague the formwork works industry. In response to the dynamic business environment and to overcome these unfavorable factors, the Group will continue to diversify the scope in different types of construction projects and the customer base to minimise the market risk. During the year ended 31 March 2020, there were 46 projects which contributed a total revenue of approximately HK$434,647,000, whereas there were 49 projects which contributed a total revenue of approximately HK$850,565,000 for the corresponding period in 2019.

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