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Public company info - Man Shun Group (Holdings) Limited , 01746.HK
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Man Shun Group (Holdings) Limited, 01746.HK - Company Profile
Chairman Cheung Yuen Tung
Share Issued (share) 1,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: Man Shun Group (Holdings) Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) are principally engaged in the provision of installation of heat, ventilation and air-conditioning system (the “HVAC Business”) in Hong Kong. Performance for the year: The Group recorded revenue of approximately HK$114,489,000 for the year ended 31 December 2019 (2018: approximately HK$163,629,000). Profit for the year attributable to equity shareholders of the Company for the year ended 31 December 2019 amounted to approximately HK$1,007,000 (2018: approximately HK$12,581,000). Basic and diluted earnings per share for the year ended 31 December 2019 were HK$0.10 cents (2018: HK$1.45 cents). Business Review The Group is an established HVAC E&M engineering services provider in Hong Kong with a long business history dating back to 1996. The Group generally focus on serving new residential property developments projects as a first-tier or second-tier subcontractor in Hong Kong. The HVAC E&M engineering services typically involve installation of HVAC systems, which refers to heat, ventilation and air-conditioning systems. The Group is registered as a Registered Electrical Contractor under EMSD, a minor works contractor (company) of Type A (Classes II and III), Type D (Classes II and III) and Type E (Classes II and III) under the Building Authority and a registered subcontractor under the Subcontractor Registration Scheme operated by the Construction Industry Council. In order to strengthen the market position as a prime HVAC E&M engineering services provider and become the preferred choice of first-tier HVAC E&M engineering subcontractor for property developers in Hong Kong, the Group continues to strengthen the financial management and licensing qualifications, securing the positioning in the property development value chain and acquiring new business opportunities directly with property developers and/or their designated main contractors. Prospects: Looking forward, the Group will further expand the service capabilities to capture business opportunities and provide customers with comprehensive HVAC E&M engineering services with a prudent financial management strategy, pursuing a long-term healthy business growth and stable return to the shareholders. In order to expand the professional talent pool, the Group will continue to strengthen its human resources and focus on the training of talents to build a team with outstanding members and will employ chartered engineers with relevant experience in the specialty of ventilation works, assistant engineers, foreman, draftsman and quantity surveyor (depending on the pace of the business growth) to fulfil the application requirements for, and to acquire the qualification as registered specialist contractor in the ventilation works category under the Buildings Department. Despite the adverse commercial environment and the overall geopolitical uncertainties in the recent times, the Group will constantly show perseverance in its development and its ability to obtain new projects. As a result of the endure hard work by the management, five new projects of total contract sum of approximately HK$101.15 million were awarded to the Group during the year. In addition, the Group will continue to enhance its budget management, upgrade its ability in plan execution and budget control in order to further improve its management standard and secure stable and sustainable development of the Group. The outbreak of the new coronavirus disease has had profound effects all over the world and on all kind of business and industries. In response to the epidemic, the Group has suspended one major project for a short period of time. The epidemic has also had significant impacts on traffic of people and goods around the world and thus brought uncertainty to the supply of equipment to the Group. The severe impact of the epidemic on the economy may affect the opportunity of the Group to be awarded projects in future and its gross profit margin may also decrease. If the Group’s construction workers are infected, it will significantly affect the progress of the projects. The Group will closely monitor the situation and take appropriate measures to ensure that the Group can operate under normal conditions.

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