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Public company info - IWS Group Holdings Limited , 08441.HK
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IWS Group Holdings Limited, 08441.HK - Company Profile
Chairman Ma Ah Muk
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Support Services
Corporate Profile Business Summary: The Company is engaged in the provision of manpower support services and investment holding. Performance for the year: The Group’s revenue decreased by approximately HK$115.7 million or 24.0% from approximately HK$481.6 million for the year ended 31 March 2020 to approximately HK$365.8 million for the year ended 31 March 2021. Profit and total comprehensive income for the year increased by approximately HK$19.1 million or 40.6% from approximately HK$47.1 million for the year ended 31 March 2020 to approximately HK$66.2 million for the year ended 31 March 2021. Business Review: The Group is an established facility services provider that specialises in providing security services and facility management services for the public and private sectors in Hong Kong. The Group has over 10 years of experience in providing security services at railway stations and facilities, sea, land and railway immigration control points and public amenities as well as crowd coordination and management services for large-scale events and emergency and critical incidents in Hong Kong. For the year ended 31 March 2021, amid the outbreak of COVID-19, and unstable economic and social environment in Hong Kong, the Group delivered a satisfying positive performance and demand for the Group’s security and facility management services continued to grow. This is attributable to the well-established “IWS” brand, which stands for quality security services to its customers in Hong Kong. Prospects: The market size of security services in Hong Kong increased from approximately HK$22.1 billion in 2015 to approximately HK$29.1 billion in 2019, representing a compound annual growth rate (the “CAGR”) of approximately 7.1%. The market size of Type I security work in Hong Kong is expected to grow to approximately HK$32.9 billion in 2025, at a CAGR of approximately 7.3% from 2020 to 2025. It is further expected that the market size of security services in the public sector in Hong Kong will grow to approximately HK$1,640.8 million in 2025, at a CAGR of approximately 6.0% from 2020 to 2025. Given the expected growth in both Type I security work and securities services in the Hong Kong public sector, the Group believes that there will be an increasing demand for its security services in the future to sustain its development. The development of the security services industry is related to the expansion of infrastructure, transportation, buildings and real estate activities. Generally, the numbers of public facilities, commercials properties and residentials properties would be able to indicate on the growth potential of the industry. With the gradual completion of these mega-scale railway and transportation infrastructure projects, demand for security services, especially crowd coordination and management services, in the public transportation sector is expected to grow significantly. In view of this favourable background, the demand for security services are forecasted to experience an outstanding growth. Facility management is the integrated management of various activities or interactions arising from the use or occupation of premises. Facility management services generally include (i) property management services; (ii) car parking rental and management services; and (iii) cleaning services. The market size of facility and venue management services in Hong Kong experienced a growth from approximately HK$32.5 billion in 2015 to approximately HK$40.2 billion in 2019, representing a CAGR of approximately 5.5% and is forecasted to reach approximately HK$51.1 billion in 2025 with a CAGR of approximately 4.0% from 2020 to 2025. With the continued growth of property development market in Hong Kong, market for facility and venue management services, car parking rental and management services and cleaning services market maintain a stable growth rate. The facility and venue management services market is the largest part of the facility management services market in Hong Kong. The cleaning services market recorded a growth from approximately HK$10.4 billion in 2015 to approximately HK$13.8 billion in 2019, representing a CAGR of approximately 7.3%, while the car parking rental and management services market increased from approximately HK$4.9 billion in 2015 to approximately HK$6.0 billion in 2019, representing a CAGR of approximately 5.2%. In view of the above-mentioned favourable backgrounds, the Group believes that the demand for security services and facility management services will experience an outstanding growth. Looking ahead, the Group will continue to carry out its proven business strategies, and expand customer base by delivering high-quality services to meet their changing needs. In addition, to cope with the macroeconomic uncertainties aroused by the global outbreak of COVID-19 in the beginning of 2020, the Group will take effective cost control measures in order to raise its economic efficiency and sustain its long-term business growth.

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