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Public company info - Hope Life International Holdings Limited , 01683.HK
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Hope Life International Holdings Limited, 01683.HK - Company Profile
Chairman Hui Kee Fung
Share Issued (share) 600,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The group is principally engaged in construction and ancillary services which include design, fitting-out, decoration, alteration and addition, construction and other related businesses, financial business and health business. Performance for the year: In 2019, the revenue of the Group from continuing operations decreased by HK$56.8 million from HK$150.8 million for the year ended 31 December 2018 to HK$94.0 million for the year ended 31 December 2019. The overall gross profit from continuing operations decreased by HK$9.1 million from HK$36.5 million for the year ended 31 December 2018 to HK$27.4 million for the year ended 31 December 2019. The Group recorded the gain attributable to the owners of the Company of HK$8.2 million for the year ended 31 December 2019, representing an increase of approximately HK$25.6 million as compared with the loss attributable to the owners of the Company of HK$17.4 million for the year ended 31 December 2018. Business Review In 2019, the revenue of the Group from continuing operations decreased by HK$56.8 million from HK$150.8 million for the year ended 31 December 2018 to HK$94.0 million for the year ended 31 December 2019. The overall gross profit from continuing operations decreased by HK$9.1 million from HK$36.5 million for the year ended 31 December 2018 to HK$27.4 million for the year ended 31 December 2019. The decrease in revenue was mainly due to the decrease in revenue from construction and ancillary services of non-residential projects while the decrease in gross profit was mainly due to the decrease in gross profit margin from construction and ancillary services. However, the Group recorded the gain attributable to the owners of the Company of HK$8.2 million for the year ended 31 December 2019, representing an increase of approximately HK$25.6 million as compared with the loss attributable to the owners of the Company of HK$17.4 million for the year ended 31 December 2018. The net profit for the year was mainly due to the gain of HK$12.5 million on the disposal of the subsidiaries and the decrease in administrative expenses. In order to strengthen our revenue basis, the Group has explored business opportunities in financial services and health business which contributed revenue of HK$4.9 million and HK$7.6 million respectively to the Group for the year ended 31 December 2019. Prospects: In the year of 2019, Hong Kong property market was negatively affected by trade war between United States of America and China and certain issues in Hong Kong. Uncertainty in Hong Kong property market may affect the demand from the property developers for our construction and ancillary services. The Group has started to explore other business opportunities in order to reduce our reliance on Hong Kong property markets. The Group is exploring business opportunities in the health industry, financial services, trading and other businesses to broaden the revenue and profit base of the Group.

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