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Space Group Holdings Limited, 02448.HK - Company Profile
Chairman	Che Chan U
Share Issued (share)	806,000,000
Par Currency	Hong Kong Dollar
Par Value	0.01
Industry	Construction & Decoration
Corporate Profile	Business Summary: The Group is principally engaged in the fitting-out works and building construction works. Following the acquisition of Space Securities Limited (formerly known as “All EverGreen Securities Limited”) (“SSL”) and Space Asset Management Limited (formerly known as “All EverGreen Asset Management Limited”) (“SAML”) in October 2020, the Group also engaged in the provision of financial services. Performance for the year: For the year ended 31 December 2020, revenue of the Group amounted to approximately MOP400,016,000, representing a decrease of approximately 11.5% as compared to the revenue of last year (2019: MOP451,904,000), and the profit attributable to equity shareholder of the Company and profit for the year ended 31 December 2020 was approximately MOP39,396,000, while the profit attributable to equity shareholders of the Company and profit for the year ended 31 December 2019 was approximately MOP61,955,000, representing a decrease of approximately 36.4%. The Company’s basic earnings per share for the year ended 31 December 2020 was MOP5 cents (2019: MOP8 cents) which is in line with the profit attributable to equity shareholders of the Company when compared to the year ended 31 December 2019. Business Review This is a difficult year for the global economy, and for the Group since the impact of the outbreak of COVID-19 has carried forward to the year of 2020. The Group fought hard to maintain its business by submitting more project tenders and strengthening the quality control of the fitting-out works and building construction works provided to its clients. The Group continued to concentrate on the fitting-out works for hotels and property owners in Macau and Hong Kong. The decrease of the building construction works compared with 2019 was mainly attributable to the completion of the building construction works in Hong Kong by the end of the financial year 2019. Despite the record of the decrease in revenue of the Group when compared to 2019, as the cost of sales and general and administrative costs are under strictly control by the management and project team heads, the Group managed to have a positive result for the consolidated statement of profit or loss for the year ended 31 December 2020. The Group entered into agreement last year to acquire a licensed securities and asset management institution licensed under the Securities and Futures Ordinance to carry out Type 1, Type 4 and Type 9 regulated activities, after which, the Group intends to expand into the Greater Bay Area with great potential to explore business opportunities through the provision of various financial services including securities trading, underwriting, investment advisory, and asset management. As the financial market in Hong Kong is well-established, well-equipped and technologically advanced, and have trained many financial professionals over the years, the financial industry has not been greatly affected by the outbreak of COVID-19 pandemic and the investors can still use mobile applications for the trading of shares online anytime. According to the latest statistics available from the Stock Exchange, despite global market fluctuations throughout 2020, the Stock Exchange’s primary market took the lead in terms of IPOs in the global market with a total of 154 companies listed on the Stock Exchange, raising an amount of HK$397.5 billion, which is a record high since 2010. The Group will be committed to capitalizing on development opportunities arising from the financial market, while proactively exploring financial service businesses that are in the interest of the Group and its shareholders as a whole. For the year ended 31 December 2020, the Group’s revenue came from (i) fitting-out works; and (ii) financial service. The epidemic delayed the Group’s fitting-out and building construction projects during the year, resulting in a decrease in the Group’s revenue. However, the Group is still confident in the future development of the Group with the great business opportunities in financial services industry and strong backlog of fitting out projects in hand. For the year ended 31 December 2020, the Group kicked off new awarded fitting-out projects of a total contract amount of approximately MOP613.9 million (2019: approximately MOP511.9 million). Prospects: The financial year 2020 is a challenging year to the global economy and the Group. Despite the record of the decrease in revenue of the Group when compared to 2019, the Group managed to have a positive result for the consolidated statement of profit or loss for the year ended 31 December 2020. With the vaccine against the novel coronavirus, it is believed that the economic environment in the Macau, Hong Kong and PRC, as well as around the world, is expected to gradually get back on track. The management looks forward to the development of the fitting out projects in Macau and Hong Kong, which is likely to enable the Group to maintain a stable income stream in the financial year 2021. In addition, following the acquisition of two licensed corporations, the Group intends to expand into the Greater Bay Area with great potential to explore business opportunities through the provision of various financial services including securities trading, underwriting, investment advisory, and asset management.

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