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Public company info - Grand Peace Group Holdings Ltd. , 08108.HK
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Grand Peace Group Holdings Ltd., 08108.HK - Company Profile
Chairman Ng Chun Chung
Share Issued (share) 923,000,000
Par Currency Hong Kong Dollar
Par Value 0.5
Industry Funeral
Corporate Profile Business Summary: The principal activity of the Company is investment holding. During the year, the principal activities of the subsidiaries are provision of funeral services, sale of funeral related products and loan financing business. Performance for the year: The Group’s audited total operating revenue for the 12 months ended 31 December 2018 amounted to approximately HK$91,162,000, representing a decrease of 19.74% as compared to the same period of last year. Business Review: The reporting businesses of the Group for 2018 are funeral business, loan fnancing business and elderly home business. For the funeral business in Hong Kong, the Group’s audited total revenue from the provision of funeral services and sale of funeralrelated products amounted to approximately HK $81,385,000, while the audited segment profit # was approximately HK$11,296,000. For the funeral business in Mainland China, during the year ended 31 December 2018, the Group has not recorded a turnover from the Huidong cemetery , while the audited segment loss# was approximately HK$1,263,000. The Group’s audited total revenue for the year ended 31 December 2018 from the provision of funeral services and sale of funeral-related products in Hong Kong and Mainland China amounted to approximately HK$81,385,000, representing a decrease of 16.73% as compared to the same period of last year of approximately HK$97,740,000, while the audited segment proft# amounted to approximately HK$10,033,000. For the loan fnancing business, for the year ended 31 December 2018, the audited revenue of the loan financing business of the Group amounted to approximately HK$9,777,000, while the audited segment profit# amounted to approximately HK$7,447,000. 惠州市福澤頤養服務有限公司, a joint venture company (the “JV Company”) established in the PRC by Most Fame (China) Limited (“Most Fame”), an indirect wholly-owned subsidiary of the Company, together with an independent third party, is principally engaged in the construction, management and operation of a social elderly nursing home in the Huidong County, Huizhou, the Guangdong Province, the PRC. The JV Company will enable the joint venture parties to develop the business of operating a social elderly nursing home in the Guangdong Province, which will attract Hong Kong elderly to move in. We believe that the proposed social elderly nursing home will bring synergistic effect to the cemetery operated by the Group in Huidong. Since the elderly nursing home is currently still under construction, no income has been generated from the elderly nursing home business during the Period. Prospects: Looking into the future, the Group will continue to commit to the development of the existing businesses, take prudent steps to strengthen its management and operation capability, and actively seek other businesses that are conducive to bringing more robust profts to repay the shareholders for their support.

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