88IV - Public company info - Dimmi Life Holdings Limited

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Dimmi Life Holdings Limited, 01667.HK - Company Profile
Chairman	Hou Lingling
Share Issued (share)	960,000,000
Par Currency	Hong Kong Dollar
Par Value	0.1
Industry	Construction & Decoration
Corporate Profile	Business Summary: The Group provides (i) building construction services; (ii) alteration, addition, fitting-out works and building services; and (iii) repair and restoration of historic buildings in Hong Kong (together ‘‘construction and engineering services’’); and engage in property development and investment business. Performance for the year: Revenue for the year ended 31 March 2020 was approximately HK$261.0 million, representing a decrease of 46.9% from approximately HK$491.8 million for the year ended 31 March 2019. Gross profit for the year ended 31 March 2020 was approximately HK$22.3 million, representing a decrease of 64.3% from approximately HK$62.4 million for the year ended 31 March 2019. Loss attributable to the owners of the Company for the year ended 31 March 2020 was approximately HK$17.0 million (31 March 2019: profit attributable to the owners of the Company of approximately HK$14.7 million). Business Review The Group is an established contractor with job references in both private and public sectors in (i) building construction services; (ii) alteration, addition, fitting-out works and building services; (iii) repair and restoration of historic buildings; and (iv) property development and investment. As at 31 March 2020, there were 1, 35 and 7 on-going projects in progress, pertaining to (i) building construction services, (ii) alteration, addition, fitting-out works and building services, and (iii) repair and restoration of historic buildings, respectively. As at 31 March 2020, the aggregate amount of revenue expected to be recognised after 31 March 2020 of the Group’s on-going projects was approximately HK$133.9 million. Prospects: Looking forward, various external and domestic factors that exacerbated the cyclical slowdown in global economic activities in 2020 might continue to influence the Group’s economic performance. The Directors believe that the stimulus packages from the HKSAR Government and Japan Government will help to cushion the hit from adverse impacts on the macroeconomic condition. The Directors consider that the Group is able to overcome the challenges by taking advantage of future opportunities and keeping competitive, by: (i)tendering with lower risk strategy; (ii)taking intense cost control measures; (iii)expanding the customer base; and (iv)broadening of servicing scopes.

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