Share This

Public company info - World Super Holdings Limited , 08612.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

World Super Holdings Limited, 08612.HK - Company Profile
Chairman SOU Peng Kan Albert
Share Issued (share) 720,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Machinery & Equipment
Corporate Profile Business Summary: The principal activities of the group are investment holding, hiring of plant and machinery, trading of machinery, tools and parts, and provision of transportation and other related services. Performance for the year: The Group recorded total revenue of approximately HK$45.9 million for the year ended 31 December 2019, representing an increase of approximately 4.8% or HK$2.1 million from approximately HK$43.8 million for the year ended 31 December 2018. The total gross profit of the Group was approximately HK$24.7 million for the year ended 31 December 2019, representing a decrease of approximately 2.2% or HK$0.6 million from approximately HK$25.3 million for the year ended 31 December 2018. The gross profit margin decreased to approximately 53.8% for the year ended 31 December 2019. The net profit of the Group was approximately HK$2.1 million for the year ended 31 December 2019, representing a decrease of approximately 73.4% for the year ended 31 December 2018. Business Review Plant hire the Group's plant hire service mainly involves rental of crawler cranes, casing oscillators, RCDs and hydromill trench cutter to customers for the use in their construction projects. the Group source new construction machinery for the Group's plant hire service mainly from German, Korean and Austrian manufacturers or their affiliates in Hong Kong, while the Group's used construction machinery is sourced from local or overseas traders in countries such as China, Korea and Singapore. the Group also lease certain construction machinery from other construction machinery service providers for subleasing to the Group's customers. The plant hire income increased from approximately HK$31.3 million for the year ended 31 December 2018 to approximately HK$36.0 million for the year ended 31 December 2019. The increase is due to more owned fleet was used. General sales from trading of machinery, tools and parts the Group's trading of construction machinery, tools and parts mainly involves sales of new or used crawler cranes, RCDs, trench cutters, casing oscillators and/or related spare parts, tools, or oil and lubricant to customers. In case the construction machinery or spare part required by the Group's customers is not available in the Group's rental fleet, or the Group's customers request for new construction machinery, the Group will seek and check with the Group's suppliers and acquire relevant construction machinery or spare part (if available) for the Group's customers. The general sales decreased from approximately HK$10.6 million for the year ended 31 December 2018 to approximately HK$7.9 million for the year ended 31 December 2019. The decrease is mainly due to the decrease in trading of construction machinery, which is partially offset by the increase in trading of tools and parts. Provision of transportation and other services the Group provide transportation services in delivering the Group's machinery to and from customers’ designated sites and other services such as set-up and repair of machinery for customers of the Group's plant hire service, arrangement of insurance for customers of the Group's plant hire service for projects outside Hong Kong and marketing of construction machinery for the Group's machinery suppliers. The transportation and other services income increased from approximately HK$1.9 million for the year ended 31 December 2018 to approximately HK$2.0 million for the year ended 31 December 2019. The increase is mainly due to more repair and maintenance service fees charged to customers. Prospects: 2019 marked a milestone for the Company as its shares were successfully listed on GEM of the Stock Exchange on 12 July 2019 (the “Listing Date”). the Group are very pleased that the Company has received keen interest to the public offer of its shares. Through the Listing, the Group obtained public funding to finance its future development and further capturing the opportunities in the construction market of Hong Kong and Macau. The beginning of 2020 saw the outbreak of the coronavirus, which hit the local, as well as the global, economy, bringing ongoing uncertainties to Hong Kong’s economy. Many countries/ regions are imposing varying degree of entry restrictions and discouraging social and business activities, the Group's overseas suppliers may be unable to make delivery on time. For the same token, customers suffering from shrinkage in business may have liquidity problem and settlement of their debts may be delayed or they becoming delinquent. Fortunately, the projects of Group’s Macau customers commenced since January 2020, which will secure a stable income from the leasing of construction machinery and trading of tools and parts for the Group during the first half of 2020. the Group will continue to implement the Group's business strategies as set out in the Prospectus, in order to increase the Group’s income such that the Group can share the Group's fruitful results with investors.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.