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Public company info - Tat Hong Equipment Service Co. Ltd , 02153.HK
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Tat Hong Equipment Service Co. Ltd, 02153.HK - Company Profile
Chairman Ng San Tiong
Share Issued (share) 1,167,000,000
Par Currency U.S. Dollar
Par Value 0.08
Industry Machinery & Equipment
Corporate Profile Business Summary: The group is the first foreign-owned tower crane service provider established in the PRC. Performance for the year: Revenue of the Group for the year ended 31 March 2021 amounted to RMB793.0 million, representing an increase of RMB48.0 million or 6.4% from the year ended 31 March 2020. Profit attributable to equity shareholders of the Company for the year ended 31 March 2021 amounted to RMB101.2 million, representing an increase of RMB24.8 million or 32.4% from the year ended 31 March 2020. Basic and diluted earnings per share for the year ended 31 March 2021 amounted to RMB11.0 cents, representing an increase of RMB2.0 cents when compared with the basic earnings per share of RMB9.0 cents for the year ended 31 March 2020. Business Review The Group are the first foreign-owned tower crane service provider established in the PRC. According to Frost & Sullivan (Beijing) Inc., Shanghai Branch Co., the tower crane service market in the PRC is extremely fragmented with the top five players only accounted for a market share of approximately 4% in terms of revenue in 2019 whereas the Group accounted for approximately 0.7%. Since 2007, the Group have established ourselves as a tower crane service provider for onestop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. The Group mainly engage in engineering, procurement and construction projects (“EPC projects”) in infrastructure, energy, commercial and residential sectors conducted by the Group’s customers. As at the date of this announcement, the Group manage 1,090 tower cranes, which have been equipped to cater for the Group’s customers’ specialised range of EPC projects throughout the PRC. Guided by the Group’s core values, which are “Virtue (厚德), Safety (安全) and Excellence (卓越)”, the Group have successfully established the Group’s market position and maintained a stable, reputable and loyal customer base in the construction industry in the PRC. The Group are well-recognised in the industry and have built a strong reputation in the Group’s awareness to workers’ safety, service quality and technical strength. The Group possess Class A Certificate for Erection, Modification and Maintenance of Special Type Equipment (特種設備安裝改造維修許可證(起重機械 A 級)) granted by the Jiangsu Quality and Technology Supervisory Bureau (江蘇省質量技術監督局) and Construction Enterprise Qualification Certificate (建築業企業資質證書) and grade of Class One Lifting Equipment Erection and Project Outsourcing (起重設備安裝工程專業承包一級) issued by the Jiangsu Housing and Urban Rural Construction Department (江蘇省住房和城鄉建設廳) for conducting tower crane service business in the PRC. The Group currently possess 44 registered patents for utility models and inventions relating to tower cranes. Prospects: Looking ahead, there are still uncertainties in the development of the COVID-19 pandemic and the process of economic recovery. The Company still has to pay attention to the non-synchronized economic recovery owing to the inconsistent progress of the COVID-19 vaccination in each country. The Group will also continue to keep a close track of the global economic trend and market situation in order to capture business opportunities and reduce operation risks for achieving better operating results of the Group. The management is optimistic on the long-term development prospects of the Group.

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