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02153 TAT HONG EQUIP
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About TAT HONG EQUIP Company
Since 2007, Dafeng Equipment Service Co., Ltd. (the “Company”, and its subsidiary #合称「集团」或「达丰」), as a tower crane service provider, has mainly been committed to providing one-stop tower crane solution services such as consulting, technical design, commissioning, construction to after-sales service to premium and first-class EPC contractors in China. Based on 2019 earnings, Dafeng is the second-largest tower crane service provider in China*. Dafeng is mainly engaged in EPC projects carried out by its clients in the infrastructure, energy, commercial and residential industries. The Group currently operates eight tower crane depots in Hefei, Wuxi, Taicang, Chongqing and Dongguan, China. Over the years, Dafeng has participated in and witnessed the completion of a number of large-scale landmark projects, including the information technology research and development base of the Beijing CITIC Bank, the Hong Kong-Zhuhai-Macao Bridge Island Tunnel Project East Artificial Island Project, the Shanghai Pudong International Airport Phase III Expansion Project, the steel structure project of the Shanghai Pudong International Airport Phase III expansion project, the new airport in Beijing Daxing, and the Yu County Power Plant in Wenchi Village, Niucun Town, Shanxi. We have received many awards and commendations from customers and government departments, such as the “Enterprise Credit Rating Certificate AAA” issued by the China Construction Industry Association in 2019 and the “2018 Advanced Enterprise for Safety Work” issued by the Building Facility Safety Branch of the Shanghai Construction Safety Association in January 2019.
Revenue Breakdown
News
Understand the 2023/2024 interim results of Dafeng Equipment (2153.HK) in one picture
Tat Fung Equipment Service (2153.HK), the first foreign-funded tower crane service provider established in China, announced its interim results for the six months ended September 30, 2023 (the “period”). Mr. Chiu Kwok-sun, CEO of Tat Fung Equipment Service Co., Ltd., said, “As the central government provides low-cost financing of at least 1 trillion yuan for urban village renovation, guaranteed housing projects, and the three major 'emergency dual-use' projects across the country, domestic demand (housing) is expected to increase, thereby boosting the real estate and infrastructure markets. Coinciding with the 10th anniversary of the “Belt and Road” initiative, the overall infrastructure project includes traditional infrastructure, new infrastructure, and energy
Downstream demand is picking up, and Dafeng Equipment (2153.HK) may enter a new round of growth
Since 2023, under the main tone of economic recovery, policy packages have been introduced one after another, bringing lasting impetus to the performance recovery of all walks of life. However, due to the influence of objective economic laws, the pace at which policy influence is transmitted to various industries is sequential, and the macro background of “strong expectations and weak reality” cannot be ignored. As the cornerstone of the national economy, the infrastructure, engineering and other industries are bound to play an important role in this stage of lasting economic recovery. In the context of the industry not completely recovering, the restoration of the performance of many outstanding enterprises in the industrial chain will also be delayed, yet their medium- to long-term growth momentum is getting stronger and stronger. 11/29
Tat Hong Equipment's Loss Narrows in Fiscal H1
Tat Hong Equipment Service's (HKG:2153) loss attributable to owners for the fiscal first half narrowed to 20.4 million yuan, or 0.02 yuan per share, from 41.9 million yuan, or 0.04 yuan per share, in
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