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Public company info - Lap Kei Engineering (Holdings) Ltd. , 01690.HK
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Lap Kei Engineering (Holdings) Ltd., 01690.HK - Company Profile
Chairman WONG Kang Kwong
Share Issued (share) 1,530,000,000
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 engineering services for building services systems in Hong Kong. Performance for the year: The Group’s revenue decreased from approximately HK$153.5 million for the year ended 31 December 2019 to approximately HK$132.3 million for the Year, representing a decline o f approximately 13.8%. Loss and total comprehensive income reduced by approximately HK$29.9 million or 94.4%, from approximately HK$31.7 million for the year ended 31 December 2019 to approximately HK$1.8 million for the year ended 31 December 2020. Business Review： The Group is principally engaged in the provision of engineering services for building services systems in Hong Kong. The Group undertakes building services engineering works which are mainly related to the supply, installation and maintenance of (i) mechanical ventilation and air-conditioning (“MVAC”) system; (ii) electrical system; (iii) plumbing and drainage system; and (iv) fire services system. The contracts the Group entered into with its customers are categorised into two types, namely (i) building services engineering projects for existing building and new building (the “building services engineering projects”); and (ii) maintenance, repair and other services (the “maintenance projects”) which mainly include provision of maintenance and repair services for building services system and replacement of parts. For building services engineering projects, the Group is required to complete the engineering works in relation to the installation and/or upgrade of building services systems as set out in the scope of work under the contract. For maintenance projects, the Group is required to provide maintenance services for existing building services systems of a property or portfolio of properties over a fixed contract period. Such maintenance services include regular check and maintenance, and emergency call-out service for emergency repair. Prospects: Looking forward, the Directors consider that the future opportunities and challenges facing the Group will continue to be affected by the development of the property market in Hong Kong as well as factors affecting labour costs and material costs. The Directors are of the view that the number of properties to be built and maintained in Hong Kong remains to be the key driver for the growth of the Hong Kong building services industry. As at 31 December 2020, the Group had 15 projects on hand (including projects in progress and projects that are about to commence) with total outstanding contract value of approximately HK$511.9 million.

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