The Zhitong Finance App learned that according to the Hong Kong Stock Exchange disclosure on June 28, Rongli Construction Holdings Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, and Tongren Finance Co., Ltd. is its sole sponsor.

According to the prospectus, Rongli Construction Holdings Limited is a large-scale Hong Kong contractor engaged in civil, mechanical and electrical engineering and renewable energy projects. The company's civil engineering focuses on site preparation work and road and drainage engineering, while the company's electromechanical engineering focuses on cable trenching, laying and connection engineering. As far as renewable energy engineering is concerned, the company focuses on solar photovoltaic projects. Second, in the few projects the company is involved in, the company will temporarily lease machinery and trade construction materials from contractors and subcontractors.

The company's site preparation work usually includes earthwork, excavation work and steel structure installation. The company's road and drainage works mainly include construction and modification of roads, driveways and footpaths, construction of covered pedestrian walkways, renovation of tunnels and footbridges, provision of unobstructed access facilities for footbridges, elevated pedestrian walkways and tunnels, construction of drainage systems, manholes, cable channels, and installation of plumbing mains and sewage pipes.

The company's electrical and mechanical works usually include cable trenching, laying and connection, and involves excavation, restoration and miscellaneous construction (such as concrete pouring) works, traffic impact assessments, and emergency and cable fault repair. According to industry reports, the company is the largest cable and civil pipeline installation subcontractor in Hong Kong in 2023, with a market share of about 13.6% based on the company's revenue for the 2023/24 fiscal year. Since 2019, the company has also carried out the design, installation and maintenance of solar photovoltaic systems under the Renewable Energy Division.

During the track record period, all divisions of the company participated in a number of major infrastructure projects in Hong Kong. For example:

(i) As far as the company's site preparation works are concerned, the company is one of the subcontractors involved in the third runway infrastructure project at Hong Kong International Airport;

(ii) As far as the company's road and drainage works are concerned, the company is the general contractor for the government department's rural sewage collection project in Mui Wo, with a contract amount of about HK$99.1 million;

(iii) As far as the company's electrical and mechanical works are concerned, the company directly signed a contract with CLP Group (a group company that supplies electricity to more than 80% of Hong Kong's population) to provide ribbon cable trenching, laying and connection works, as well as emergency and cable fault repair in accordance with Master Agreement A, covering the Sham Shui Po and Wong Tai Sin areas. The company is also a subcontractor of Jincheng Construction (one of the main contractors of CLP Group) to provide ribbon cable trenching, laying and connection works as well as emergency and cable fault repair in accordance with General Agreement B. The project covers the Tsuen Wan area.

On the financial side, for the year ended March 31 in 2022, 2023 and 2024, the company's revenue was approximately HK$520 million, HK$361 million and HK$526 million respectively. In the same period, the company's annual profit was approximately HK$59.55 million, HK$405.65 million and HK$76.97 million, respectively.