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08039 CHINA COME RIDE

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  • 0.150
  • -0.002-1.32%
Market Closed Dec 27 16:08 CST
73.95MMarket Cap-15.00P/E (TTM)

About CHINA COME RIDE Company

We are a consulting service provider for construction and structural engineering in Hong Kong. The founder, Mr. ?$#@$ (an accredited person, registered architect and registered inspector) is active in Hong Kong and has been providing construction consulting services to many clients for over 15 years. The Group operates construction and structural engineering consultancy services through its main operating subsidiary Qijie Construction Consultants. As of March 31, 2016, we had 163 projects under construction, and the total value of the remaining contracts is estimated to be around HK$22.4 million. Construction is the main area of our practice, and our total revenue over the period of our track record comes from construction and structural engineering consultancy services. Our integrated architectural and structural engineering consultancy services involve building remodeling, and our architectural and structural engineering consultancy services include: (i) licensing; (ii) alteration and addition engineering and minor works consultancy; (iii) inspection and certification; and (iv) other construction-related consultancy. Each of our projects may involve one or more areas of architectural and structural engineering consultancy services, which are often interlinked. For the three years ended March 31, 2016, revenue from construction and structural engineering consultancy services was approximately HK$20.4 million, HK$26.4 million and HK$29.3 million respectively. The regulation of construction projects in Hong Kong is quite strict. Generally, in order to carry out construction works (except Class II and III minor works and exempted works), an authorized person must be appointed as the co-ordinator of the relevant construction work. An application for a commercial licence may also involve approval of plans and certification, which are usually reviewed or certified by an authorized person. Therefore, we believe that Hong Kong has a steady demand for the services we provide as a Hong Kong construction and structural engineering consultancy service provider. The Group consists of a team of professionals, including accredited persons, registered structural engineers, registered geotechnical engineers, registered architects, registered professional engineers, surveyors and engineers. We provide comprehensive architectural and structural engineering consultancy services to our clients, mainly: (i) owners or occupiers requiring architectural and structural engineering consultancy services for commercial purposes; (ii) village house developers; (iii) lack internal approvers and other licences requiring our architectural and structural engineering consultancy services; and (iv) general contractors and subcontractors in the construction industry who require our architectural and structural engineering consultancy services in providing plans or engineering certification. Subcontracts and staff costs were our main expenses during and after the performance period. After we hired four former subcontractors as our current employees, we only subcontracted some smaller parts of the documentation work and site certification work to external parties from time to time. We believe that Hong Kong is full of opportunities for construction and structural engineering consultancy service providers, as Ipsos reports that demand for architectural and structural engineering consultancy services will increase. In 2014, the Company's revenue accounted for about 0.1% and 6.1% of the revenue of the construction, surveying and engineering services industry and the revenue of the construction and structural engineering consultancy services industry in Hong Kong, respectively. Please refer to the “Industry Overview” section of this document for details. We are interested in hiring more professionals to expand our business, thereby enhancing our business and improving our IT infrastructure. For more details on the business strategy and future plans, please refer to the “Business Objectives, Future Plans, and [Compilation]” section of this document.

Company Profile

Symbol08039
Company NameCHINA COME RIDE
ISINKYG5300B1041
Listing DateDec 12, 2016
Issue Price0.33
Shares Offered120.00M share(s)
FoundedJul 29, 2015
Registered AddressCayman Islands
Chairmanrenchao zhou
Secretaryjiajun li
Audit InstitutionEvergreen (Hong Kong) Certified Public Accountants Limited
Company CategoryOther
Registered OfficeCricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1—1111 Cayman Islands
Head Office and Principal Place of BusinessRoom 2202, 22nd floor, Causeway Bay Plaza Phase I, 489 Hennessy Road, Causeway Bay, Hong Kong
Fiscal Year Ends03-31
Employees20
MarketGEM
Phone85231877009
Fax85231862686
Emailknk@asia.com
Business Provide comprehensive architectural and structural engineering consultancy services.

Company Executives

  • Name
  • Position
  • Salary
  • renchao zhou
  • Presidencies, Executive Director, Authorized Representative
  • 1.00M
  • dayong cao
  • Executive Director, Compliance Officer, Authorized Representative
  • 240.00K
  • taoquan wang
  • Executive Director
  • --
  • yuming shao
  • Independent Non-Executive Director, Chairman of the Audit Committee, Remuneration Committee Member, Nomination Committee Members
  • --
  • yumei wang
  • Independent Non-Executive Director, Remuneration Committee Chairman, Nomination Committee Members, Audit Committee Members
  • --
  • yunchun ang
  • Independent Non-Executive Director, Chairman of the Nomination Committee, Audit Committee Members, Remuneration Committee Member
  • --
  • jiajun li
  • Authorized Representative, Company Secretary
  • --
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