F8 Enterprise (holding) Group LimitedFounded in April 2005, the company is an investment holding company engaged in the sales and transportation of diesel and related products in Hong Kong, China. It mainly sells and transports diesel oil and related products in Hong Kong, and provides marine diesel oil for engineering ships and lubricants for engineering machinery and automobiles. The Group is divided into three divisions: diesel Division, Marine Diesel Division and Lubricating Oil Division; it has three subsidiaries: Ruiqin Investment Co., Ltd., Great Wall (International) Oil Company and Great Wall (International) Oil Company.
The development of diesel family getting rich industry
In April 2005, F8 set up the Great Wall (International) Oil Company to sell diesel in Hong Kong. In the same year, Great Wall International was established to further expand the diesel transportation business in Hong Kong, China. As a sole proprietorship, we have gained rich experience in operating the fuel card program with the major oil suppliers of Hong Kong, China in the name of Great Wall (International) Co., Ltd.
From June 2009 to November 2012, with the success of diesel sales and transportation business, F8 Enterprise (Holdings) Group Co., Ltd. expanded to the business sales of lubricating oil and marine diesel oil, and the business territory was expanded step by step.
In the next decade or so, with the support policy of the Government, the supply of land for the population and the rising expenditure on the construction of public facilities, F8 enterprises poured into the engineering sector, constantly refreshing the demand for diesel suppliers of F8 enterprises.
Innovation, construction, excellent growth
F8 is a long-established and super-scale diesel supplier in the engineering industry in Hong Kong. At the level of its products, thanks to years of research and development and improvement in the diesel field, it has launched market sales products in various fields and revolutionary innovation areas. The company is an investment holding company, and its subsidiaries are mainly engaged in the sales and transportation of diesel and related products in Hong Kong, China and China, as well as the manufacture and sale of steel products in China.
In terms of market capitalization, the company started as a diesel tanker and has already landed on the Hong Kong Stock Exchange.GemThe F8 enterprise, after 15 years of growth, has operated nine diesel tank vehicles of different capacity and attached to the payment requirements of its customers, providing customers with more reliable and timely delivery services and further reducing the levels of nitrogen dioxide and particulates. Implement the social responsibility of the Group.
According to reports, F8 enterprises provide consulting services to customers on the basis of their own management experience and understanding of the nature of the project and the types and performance of various construction machinery and automobiles involved. and by improving the best-selling degree and promoting sales of the diesel oil used in its engineering project, the F8 enterprise's diesel tanker fleet was set up to transport the diesel to the customer's designated destination. In the hearts of users to establish a good brand image and product reputation, but also created a number of sincere cooperation, integrity management of their own sales channels.
It is good for the operation of a new high.
Financial information shows that for the three months ended June 30, 2020, the F8 enterprise group recorded revenue from the sale and transportation of diesel and related products of about HK $88.3 million, accounting for about 91.3% of the group's total revenue, an increase of about HK $0.3 million or 0.3% over the three months ended June 30, 2019. The increase is mainly due to the acquisition of the business of Meijia Shell (Global) Lubrication Technology Co., Ltd. in the PRC relating to the sale of lubricants and the demand for marine diesel from new customers in Hong Kong, China.
F8 said that in terms of revenue, it maintained a stable relationship with its five major customers for about one to seven years. In view of the challenging business environment and fierce competition in the diesel sales market in Hong Kong, China, the Group will carefully invest more resources in recruiting talent and strengthening its business development and marketing strategy in diesel, and will take the initiative to look for potential business opportunities that can expand the Group's sources of income and increase shareholder value.
The latest data show that in July 2020, the sales of all kinds of heavy truck models exceeded 140000, although it decreased by 16% from the previous month, but increased by 89% compared with the same period last year, indicating that the average monthly sales in the previous second quarter had maintained a large increase in the same period. And as the temperature drops, the start-up rate of infrastructure projects will increase as a whole, and the continuous growth of heavy truck sales will further accelerate the pace of recovery of diesel consumption. The diesel demand of F8 enterprises will form a favorable support, and the situation is good.
Sustainable management creates boundless
Over the years, with its experienced management team, F8 Enterprise (Holdings) Group Co., Ltd. has become a strong diesel supplier and transporter, and the sales team has rich experience.
F8 has a stable relationship with major customers and their suppliers, and has a thorough understanding of customer needs and requirements and relevant industry knowledge to meet their daily business needs. For most engineering customers, F8 will be able to provide consulting services to customers based on experience and understanding of the nature of the project, the types and performance of various construction machinery and vehicles involved, and make recommendations through the specifications and fuel requirements of the diesel used in the project. The reporter learned from many aspects that at present, F8 enterprises have launched the Hong Kong main board listing plan, which is likely to become a new dark horse to create wealth in the Hong Kong main board market in the future.