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Public company info - Lotus Horizon Holdings Limited , 06063.HK
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Lotus Horizon Holdings Limited, 06063.HK - Company Profile
Chairman CHU Kwok Fun
Share Issued (share) 2,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The Group is a subcontractor engaged in the provision of design, supply, and installation services for façade works and building metal finishing works projects in Hong Kong. Performance for the year: The Group’s revenue decreased by approximately HK$22.7 million or 9.3% from approximately HK$243.5 million for the year ended 31 March 2020 (the “Previous Year” or “FY2020”) to approximately HK$220.8 million for the Year. Business Review We are a subcontractor engaged in the provision of design, supply, and installation services for façade works and building metal finishing works in Hong Kong. The shares of the Company (the “Shares”) were successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on 15 April 2020 (the “Listing Date”) by way of Share Offer (as defined in the Prospectus) (the “Listing”). The net proceeds received by the Company from the Share Offer have strengthened the Group’s cash flow position and enabled the Group to implement its future plans and business strategies as set out in the section headed “Reasons for the Listing and Proposed Use of the Net Proceeds from the Share Offer” in the prospectus of the Company dated 30 March 2020 in relation to the Share Offer (the “Prospectus”). As at 31 March 2021, the Group had 21 projects in progress with a total original contract sum of approximately HK$798.5 million. Total revenue of approximately HK$220.8 million was recognised during the year ended 31 March 2021 (the “Year” or “FY2021”). During the Year, The Group were awarded 12 new projects with a total contract sum of approximately HK$465.0 million, out of which 9 projects belong to façade works projects and 3 projects belong to building metal finishing works projects. Prospects: Looking forward, it is expected that property developers will keep on adopting a more stringent control on the costs of projects, leading to a negative impact on the profit margin of the new projects being awarded in the coming year in view of the uncertainties caused by the COVID-19 pandemic. The Group will closely monitor the situation and evaluate the potential impact on The Group’s operations and financial position on a continuing basis. The Group will also further strengthen The Group’s clientele base and exercise effective control on costs so as to achieve sustainable business growth to bring long-term benefits to The Group’s shareholders.

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