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About YUK WING GP Company

According to the Frost & Sullivan report, we are a leading manufacturer and supplier of downhole rock drilling tools in Hong Kong, China. In terms of revenue, the Hong Kong market share in 2015 was 59.2%. Additionally, we sell pile drivers and drilling rigs and rock drilling equipment purchased from outside suppliers. We provide rock drilling technology solutions for all types of customers with rock drilling needs. We design, manufacture and sell drilling-hole drilling tools for building foundations, site piling, mining and quarrying, drilling wells, utility pipelines, mini-tunnels, and cover drilling at various depths under different geological formations. Most of the equipment and instruments we supply to our customers are self-designed and manufactured drilling tools, while the rest are purchased from third parties according to the customer's rock drilling needs. Our factory in Shunde, China manufactures self-designed drilling-hole drilling tools. We mainly procure the main raw materials (mainly alloy steel and tungsten carbide) for self-designed and manufactured downhole drilling tools from five suppliers in China. We also procure third party pilers and drilling rigs and rock drilling equipment from external suppliers and manufacturers in Japan, China, Italy, Korea and Australia, and provide them to our customers as rock drilling technology solutions. Most of our revenue during the business record period came from direct sales of our products to customers in Hong Kong and Macau, China, but revenue from exporting drilling-hole rock drilling tools through overseas distributors was growing. We began selling products overseas in 2013 and entered into formal exclusive distribution arrangements with three distributors in Finland, Japan and India in 2014, 2015 and 2016, respectively. International demand for drilling-hole drilling tools in the new markets of India and Canada is increasing. To meet these market needs, we have begun sales and marketing activities in these regions and are planning to develop partnerships with local distributors. During the business record period, our five major clients were mainly Hong Kong Foundation Engineering Companies and Contractors.

Company Profile

Company NameYUK WING GP
Listing Date01/11/2017
Issue Price1.15
Shares Offered100.00M share
RegistrationCayman Islands
ChairmanXiaoming He
SecretaryQiwen Cai
Audit InstitutionTianji Hong Kong Certified Public Accountants Limited
Company CategoryOther
Registered OfficeCricket Square Hutchins Drive, PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands
Head Office and Principal Place of BusinessUnit B, 13th floor, Easyway Commercial Building, 288 Des Voeux Road Central, Hong Kong
Fiscal Year Ends03-31
MarketHong Kong motherboard
Phone(852) 3622 2505
Fax(852) 3101 1590
Business Yu Rong Group Holdings Co., Ltd. is an investment holding company. The company and its subsidiaries are mainly engaged in the production and trading of rock drilling, piling and drilling equipment and instruments. The company's operating divisions are engaged in the manufacture and trading of drilling-hole (DTH) rock drilling tools, piling rigs and drilling rigs, and rock drilling equipment, respectively. The company sells products to customers in Hong Kong and Macau and to end users in Scandinavia and Japan through distributors in Finland and Japan.

Company Executives

  • Name
  • Position
  • Salary
  • Guangqiu Cui
  • Executive Director,Authorized Representative
  • 240.00K
  • Jiali Li
  • Executive Director
  • --
  • Kairu Lin
  • Remuneration Committee Chairman,Audit Committee Member,Nomination Committee Member,Independent Non-Executive Director
  • 120.00K
  • Liangyuan Liu
  • Nomination Committee Chairman,Independent Non-Executive Director,Remuneration Committee Member,Audit Committee Member
  • 120.00K
  • Daohua Yao
  • Remuneration Committee Member,Audit Committee Chairman,Independent Non-Executive Director,Nomination Committee Member
  • 120.00K
  • Liangcai Chen
  • General Manager of Foshan Shunde Lailida Engineering Equipment Co., Ltd.
  • --
  • Jiancai Chen
  • Supervisor of Foshan Shunde Lailida Engineering Equipment Co., Ltd.,Product Director of Zhendong Machinery and Deputy General Manager of Foshan Shunde Lailida Engineering Equipment Co., Ltd.
  • --
  • Dacai Chen
  • Sales and marketing department
  • --
  • Ning Liang
  • Director of Foshan Shunde Lailida Engineering Equipment Co., Ltd.
  • --
  • Wanming Chen
  • Plant Control Manager
  • --
  • Zhenzhong Zhou
  • Finance Director
  • --
  • Qiwen Cai
  • Company Secretary,Authorized Representative
  • --
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