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进阶发展集团有限公司(1667.HK)新股申购

Advanced Development Group Limited (1667.HK) application for new shares

長雄證券 ·  Mar 23, 2017 00:00  · Researches

Summary of duties

The Development Group is the main contractor and subcontractor in Hong Kong, mainly providing (I) building construction services; (ii) alteration, addition, renovation and building services. And (iii) maintain and repair historic properties and provide services mainly to public customers, including government and semi-government entities, as well as private companies, while most of the revenue comes from selfish customers, accounting for about 75.3%, 85.6% and 85.6% and 87.7% of the total revenue for the three years ended March 2016 and the six months ended September 2016, respectively.

Thank you very much.

The collection company has established good relations with customers, subcontractors and suppliers of construction materials.

The collection has a long history of maintenance and repair.

The collection can provide the contract service of building and building.

Negative factor

If you fail to collect the full amount of the progress payment or the full amount of the deposit if you fail to receive the full amount of the advance payment or the full amount of the deposit at the end of the defective term, it may affect the mobility of the collection.

During the previous sales period, the largest and five largest customers of the collection accounted for more than 20% and 65% of the total revenue, respectively. The lack of items obtained by any related customers may have an impact on the business, business and business expenses of the collection.

The purpose of the income

About 47.4% is used for capital input and upfront cost of future projects.

About 17.1% is used as a performance guarantee for some major construction projects in Hong Kong.

About 15% is used to increase the investment capital to win the approval of the government's projects.

About 5.7% is used to repay bank loans.

About 4.3% is used to hire additional staff.

About 0.7% is used for investment and construction data model components

About 9.8% is used for general financial assistance.

The translation is provided by third-party software.


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