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Public company info - Tak Lee Machinery Holdings Limited , 08142.HK
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Tak Lee Machinery Holdings Limited, 08142.HK - Company Profile
Chairman CHOW Luen Fat
Share Issued (share) 1,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Machinery & Equipment
Corporate Profile Business Summary: The Group is principally engaged in providing sales of heavy equipment and spare parts, leasing of heavy equipment and provision of maintenance and ancillary services in Hong Kong. Performance for the year: For the year ended 31 July 2019, the total revenue of the Group amounted to approximately HK$572.0 million, representing a decrease of approximately HK$27.8 million or 4.6% from approximately HK$599.8 million for the year ended 31 July 2018. The gross profit decreased by approximately 11.8% from approximately HK$91.2 million for the year ended 31 July 2018 to approximately HK$80.4 million for the year ended 31 July 2019. The gross profit margin decreased from approximately 15.2% for the year ended 31 July 2018 to approximately 14.1% for the year ended 31 July 2019. Business Review: The Group recorded a decrease in profit attributable to owners of the Company for the year ended 31 July 2019 by approximately 29.7% to approximately HK$38.6 million from approximately HK$54.9 million for the year ended 31 July 2018, which was mainly attributable to (i) the decrease in sales of used heavy equipment, as the demand for used heavy vehicles has slowed down compared to that for the year ended 31 July 2018, and (ii) the increased administrative expenses incurred owing to the expansion of the Group’s office and workshop. Although the sales of used heavy vehicles decreased by approximately 41.6%, the sales of new heavy vehicles increased by approximately 81.5% due to the strong market demand arising from the commencement of various infrastructure, reclamation and building projects in Hong Kong. Prospects: The Group is confident about the outlook and the prospects for sales and leasing of heavy equipment. With the Hong Kong government setting aside approximately HK$79.1 billion on public expenditure on infrastructure as outlined in the 2019-20 Budget Speech, the implementation of the ten major infrastructure projects and the land enhancement strategy by reclamation and rock cavern development proposed by the Hong Kong government, and the commencement of several other large-scale infrastructure projects such as the Three Runway System of the Hong Kong International Airport, Tseung Kwan O-Lam Tin Tunnel, Route 6 Development, North East New Territories New Development Areas and the Tung Chung New Town Development Extension, the Group is expecting a stable growth in the heavy equipment industry in Hong Kong in the coming future. Hence, the Group believes that the demand for its heavy equipment will remain strong in the coming years. To capture opportunities, the Group is committed to the diversification of supplier base and product offering. For instance, during the year ended 31 July 2019, the Group became an authorised dealer of Rotobec Inc. for the supply of Rotobec brand grapples and other earthmoving attachments in Hong Kong and Macau, and also the exclusive dealer for the supply of their Orange Peels product line in such territories. Going forward, the Group will continue to identify suitable suppliers and products in pursuit of more dealerships or distributorships, which would further boost its competitive edge in the long run.

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