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Public company info - Hands Form Holdings Limited , 01920.HK
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Hands Form Holdings Limited, 01920.HK - Company Profile
Chairman Cheung Kwok Fai Adam
Share Issued (share) 2,600,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The group is an established subcontractor in Hong Kong and principally engage in the provision of wet trades works and other wet trades related ancillary works. Performance for the year: The revenue from the provision of the Groupt trades works and the the Groupt trades related ancillary works for the Year amounted to approximately HK$558.1 million, representing an increase of approximately HK$126.3 million, or 29.3% compared to approximately HK$431.8 million for the year ended 31 December 2018.The gross profit of approximately HK$70.2 million reported for the Year was higher than the gross profit of approximately HK$52.9 million for the year ended 31 December 2018. Business Review： The Group is an established subcontractor in Hong Kong and is principally engaged in the provision of the Groupt trades works and other the Groupt trades related ancillary works. the Groupt trades works include plastering on floors, walls and ceilings, tile laying on internal and external walls and floors, brick laying and marble works. The Group provides the Groupt trades works through its principal operating subsidiaries, namely, Pak Fai Engineering Limited (“Pak Fai”) and Ma Yau Engineering Limited (“Ma Yau”). Both of the principal operating subsidiaries have been registered in the Registered Specialist Trade Contractors Scheme (formerly known as the Subcontractor Registration Scheme) of the Construction Industry Council. Pak Fai and Ma Yau first completed such registration under the predecessor scheme in April 2004 and the Group's registration has since then covered finishing the Groupt trades, marble, granite and stone work with a wide range of specialties including brick work, plastering and tiling, spray plaster and screeding, marble and granite works. On 16 August 2019, the Shares the Groupre successfully listed on the Main Board of the Stock Exchange, making an important milestone of the Company’s business. As at 31 December 2019, the Group had a total of 16 ongoing projects (including projects that have commenced but not substantially completed as the Groupll as projects that have been awarded but not yet commenced) and the original contract sum of these projects is approximately HK$947.1 million in aggregate. Prospects: Looking ahead, the recent novel coronavirus (COVID-19) outbreak and local social incidents in Hong Kong will adversely impact the construction industry. In particular, the Chinese government and the Hong Kong government respectively implemented various measures including compulsory quarantine and new border control measures to prevent the spread of the novel coronavirus. These containment efforts have impeded the production and transportation of construction materials and resulted in lack of site workers. Regardless of the near-term challenges in the industry, the Group will remain focused on the Group's long-term goals and sustainable development. The Board will take appropriate measures to control costs incurred and proactive approach in tendering profitable projects in order to lessen any adverse impact on the Group.

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