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Public company info - G & M Holdings Limited , 06038.HK
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G & M Holdings Limited, 06038.HK - Company Profile
Chairman LEE Chi Hung
Share Issued (share) 1,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary:The Group is principally engaged in provision of one-stop design and build solutions as well as repair and maintenance services in relation to podium facade and curtain wall works in Hong Kong. Performance for the year: The Group’s revenue reduced by approximately HK$65.6 million or 17.9% to approximately HK$299.8 million for the Year 2019, as compared to approximately HK$365.4 million for the Year 2018. The Group’s gross profit decreased by approximately HK$17.5 million or 20.1% from approximately HK$87.0 million for the Year 2018 to approximately HK$69.5 million for the Year 2019. The Group’s profit for the Year 2019 amounted to approximately HK$26.4 million, representing a decrease of approximately HK$10.5 million or 28.5% as compared to approximately HK$36.9 million for the Year 2018. Business Review The capital raised from listing on the Main Board of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) enables the Group to undertake more curtain wall projects. During the Year 2019, the Group was awarded a curtain wall projects out of 6 curtain wall projects tenders submitted. As a result, the revenue from curtain wall projects increased from HK$113.2 million in the Year 2018 to HK$142.6 million in the Year 2019. With the intensified competition in the podium facade and curtain wall markets in Hong Kong, as well as the rising labour and operation costs, the Group is facing further challenges ahead. The Group’s profit was decreased from HK$36.9 million to HK$26.4 million, the decrease was mainly due to (i) the delay in progress of a few of the Group’s on-going projects and (ii) additional construction costs incurred towards the completion stage of certain projects. The Group will continue to maintain strong operating cost discipline and is confident to achieve improvements in our operations. Prospects: Looking forward, although there are uncertainties surrounding the Coronavirus Disease 2019 (“COVID-19”) outbreak, the fundamentals of our business remain robust as we still observe growing business opportunities with potential podium projects from our long established customers network. The Group maintains a healthy liquidity position with net cash of over HK$100 million and minimal bank borrowings, which allows us to weather challenging global economic conditions, such as the uncertainties brought about by the COVID-19 outbreak. Furthermore, we will seek for more curtain wall projects opportunities and continue to execute our growth strategies as set out in the Company’s prospectus dated 25 May 2017 (the “Prospectus”) in order to maintain our competitive edge and provide comprehensive services to our customers. The Board is confident that the Group will remain competitive in the market due to our established market presence in the podium facade market, the well-established long term relationship with customers and our experienced and dedicated management team.

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