Hong Kong Lixin Dehao Accounting firm Co., Ltd.
Overseas registration of Mainland Individuals control
Clarendon House Church Street Hamilton HM11 Bermuda
Head Office and Principal Place of Business
7 / F, Wing Lun 800 Hotel, Block 2, Lancheng Bay Hotel, 1 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong.
Hong Kong motherboard
Maosheng Holdings Limited is a Hong Kong investment holding company mainly engaged in hotel business. The company's main business includes hotel operation and the provision of hotel-related services such as catering. It mainly operates Shengyi Hotel in Tsing Yi. The company mainly does business in Hong Kong.
The Group's main businesses include property investment, hotel business and investment holding business.
The Group's turnover for the year ended 31 March 2015 was approximately HK $138000000, mainly from hotel business, which decreased by 18% compared with last year's turnover of approximately HK $169000000.
The Group recorded a profit attributable to the owners of the Company of approximately HK $36000000 for the year ended 31 March 2015, representing a decrease of 35% compared with the profit attributable to the owners of the Company for the year ended 31 March 2014 of approximately HK $55000000.
The decrease in total profit and comprehensive income for the year was mainly due to a decrease in hotel business turnover.
The Group operates Shengyi Hotel. In 2014, the mainland economy maintained growth, but the growth rate slowed, resulting in a decline in average house prices from April to December 2014. The Group meets every challenge by closely monitoring market conditions and making rapid price adjustments.
Looking ahead, in view of the uncertainty in the global financial market, it is expected that various external factors will exert certain pressure on operators. The potential interest rate hike in the United States in the second half of 2015, coupled with the continued slowdown in economic growth in mainland China, will bring a lot of challenges to the business environment of the hotel market this year. Nevertheless, the group's experienced management team is confident to face the challenges. The Group's recurrent business will continue to bring us stable income, coupled with the sound financial position of the Group, we hope to bring ideal growth and sustainable returns to our shareholders.