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Public company info - Creative Enterprise Holdings Limited , 03992.HK
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Creative Enterprise Holdings Limited, 03992.HK - Company Profile
Chairman Poon Kin Leung
Share Issued (share) 500,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Management & Agency
Corporate Profile Business Summary: The Group is principally engaged in the provision of property management services and other related services in Hong Kong for both public and private properties, which include estate general management, tenancy management, rent and management fees collection services, security, cleaning, minor repair and maintenance, project management services, as well as legal and administrative support services. Performance for the year: Total revenue for FY2020 increased by 9.5% to approximately HK$783.9 million from approximately HK$715.8 million for FY2019. Adjusted operating profit for FY2020 increased by 14.4% to approximately HK$37.3 million from approximately HK$32.6 million for FY2019. Adjusted profit for FY2020 increased by 16.3% to approximately HK$29.9 million from approximately HK$25.7 million for FY2019. Business Review: The Group is principally engaged in the provision of property management services and other related services in Hong Kong for both public and private properties, which include estate general management, tenancy management, rent and management fees collection services, security, cleaning, minor repair and maintenance, project management services, as well as legal and administrative support services. For the year ended 31 March 2020, the Hong Kong Housing Authority (‘‘HKHA’’) remains as the Group’s largest customer, and the Group’s existing property management portfolio comprised thirty-one (31) HKHA contracts (including sixteen (16) property management services contracts, eleven (11) stand-alone security services contracts, three (3) stand-alone cleansing services contracts, and one (1) secondment contract); sixty-four (64) private property management services contracts; five (5) private stand-alone cleansing services contracts; two (2) Urban Renewal Authority (‘‘URA’’) stand-alone security services contracts, two (2) URA stand-alone cleansing services contracts; as well as two (2) Department of Health cleansing services (at quarantine centres) contracts. Prospects: The Group considers that the property management services market in Hong Kong, being labour-intensive and vulnerable to macro-economic conditions, is still growing and full of challenges. In order to enhance the growth of the property management business, increase the Group’s market share and to achieve the Group’s goal, the Company dedicates to (i) tender for additional property management services contracts, stand-alone security services contracts and stand-alone cleaning services contracts from the Hong Kong Housing Authority, (ii) expend the service for Home Ownership Scheme (‘‘HOS’’) estates, non-residential properties and private housing estates; and (iii) expand the business through acquisition of property management company(ies) which provide property management services in the private sector in Hong Kong.

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