88IV - Public company info - Chanhigh Holdings Limited

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Chanhigh Holdings Limited, 02017.HK - Company Profile
Chairman	Peng Tianbin
Share Issued (share)	619,000,000
Par Currency	Hong Kong Dollar
Par Value	0.01
Industry	Construction & Decoration
Corporate Profile	Business Summary: The principal activities of the Group are provision of municipal works, building works and landscape construction, and related services. Performance for the year: Revenue of the Group increased by 17.6% or RMB238.5 million from RMB1,356.1 million for last year to RMB1,594.6 million for the Year. Business Review In 2020, the annual revenue of the Group was approximately RMB1,594.6 million, representing an increase of approximately 17.6% over 2019. The revenue was mainly generated from: i) landscape construction, ii) municipal works construction, iii) building works, and iv) others, and accounted for 22.2%, 34.7%, 39.5% and 3.6%, respectively. In 2020, both the scale and number of bids won for infrastructure projects hit new highs in recent years, and the overall competitive edges of the principal business gradually increased. The scope of business expanded from Ningbo to various cities in the province, and continued to deepen the markets outside the province such as Shandong, Anhui, Sichuan, and Jiangxi. Successfully won the bid for the construction of “Yichuang Anshan” Beautiful Village Complex (Phase I) (“藝創鞍山”美麗鄉村綜合體建設（一期）) in Jiangbei District, Ningbo, the Company achieved a breakthrough in the design business. On the basis of the traditional construction general contracting business, the Group continued to expand the EPC project market, and the scale of winning bids had a certain degree of increase compared with last year. In respect of corporate honors, the Group had successively won more than 10 awards, including Leading Construction Enterprise in Ningbo, National High-tech Enterprise, Top 100 Service Industry Enterprises in Ningbo, Survey and Design Integrity Unit in Ningbo and Zhejiang Province Excellent Landscape Management Award. In respect of project honors, the Group had won numerous national, provincial and municipal awards regarding its projects, for instance, the project of Zhoushan Science Park (North) (Phase I) Green Landscape Project (舟山科技公園（北面）一期工程－綠化景觀工程) won the Science and Technology Award (Landscape Works Award) of Chinese Society of Landscape Architecture (中國風景園林學會科學技術獎（園林工程獎）); the Road Landscape Greening Construction Project of Yidaohe Road (Sanshilihe Hangying Road) in Fuyang City (阜陽市一道河路（三十裏河－航穎路）道路景觀綠化施工工程) won the “Huangshan Cup” Award of Anhui Province Construction Project (安徽省建設工程「黃山杯」獎), which is another provincial-level highest construction project quality award obtained by the Company following the “Qianjiang Cup (錢江杯)” and the “Yangtze Cup (揚子杯)”. The Group’s projects also won eight awards, including “Excellent Landscape Project (優秀園林工程)” in Zhejiang Province and “Camellia Cup (茶花杯)” in Ningbo. In respect of patent construction methods, four invention patents and six utility model patents were authorized. Two QC (Quality Control (品質控制)) results won the First Prize of Anhui Construction Quality Management Group (安徽省工程建設質量管理小組一等獎), and one piece won the First Prize of Excellent Quality Management Group of Ningbo Municipal Industry Association (寧波市市政行業協會優秀質量管理小組一等獎). The Group also participated in the compilation of provincial construction standards and group standards and successfully released the same. For the Year, even though the Group made some achievements in respect of business development, the pressure of economic downturn still caused negative impact on the Group’s overall business results. As impacted by the pressure of economic downturn, the Group’s management concluded that recoverability of certain long aged account receivables became uncertain, and full/partial impairment provision was therefore made in respect of such receivables for the sake of prudence. As compared with that of last year, impairment loss on trade and other receivables and contract assets for the Year increased by RMB31.8 million. Prospects: As 2021 marks the 20th anniversary of the Group’s establishment, the Group shall firmly seize the bonus of the national policies by setting business assessment goals that focus on “corporate benefits” and shall pay close attention to the implementation of work tasks. On the basis of the infrastructure industry and with the support of “technological innovation and project development” as well as the reliance on the “two important platforms” (i.e. enterprise qualification platform and listed capital platform), the Group shall make use of the resource advantages of cooperation with large state-owned enterprises to build an enterprise development ecology and realize leap-forward development in respect of industrial scale. In 2021, the Group will focus on the four aspects of “projects, capital, talents, and management and control”. Under the guidance of the goal of “One Hundred in Three Aspects (三個一百)” (i.e. 10 billion output value, 10 billion market value, and to be a centennial enterprise), in 2021, the Group will be driven by the mission of increasing its output value, therefore, it will continue to strengthen and expand its principal business by increasing investment in technological research and development projects, adjusting the business structure of financial and trade projects in a bid to further revitalize the operational efficiency of corporate assets. Capital is an important guarantee for the operation and business development of an enterprise. In this regard, the Group further innovated financing methods, broadened funding channels, adjusted capital structure, and reduced capital cost. At the same time, the Group reasonably arranges daily capital, and conducts the factoring and arbitrage business properly, so as to ensure the Group’s operating capital needs are satisfied. Talent is a key factor for the sustainable and healthy development of the Group. In 2021, the Group will continue to strengthen the work of attracting and cultivating talents, optimize the corporate environment for using and retaining talents, with a view to truly building a team of staff members with excellent work style, business proficiency, pragmatism and accountability. In light of the global economic recession and increasing financial risks, the Group has to strengthen its basic management, while comprehensively inspects the risks existing in the operation process and plugs the loopholes in a timely manner, such that its risk-resisting capability can be continuously enhanced.

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Public company info - Chanhigh Holdings Limited , 02017.HK