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08039 CHINA COME RIDE

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  • 0.620
  • 0.0000.00%
Market Closed Mar 28 16:08 CST
305.66MMarket Cap-41333P/E (TTM)

About CHINA COME RIDE Company

We are a consultancy service provider for construction and structural engineering in Hong Kong. The founder, Mr. Pan (an authorized person, registered architect and registered inspector) is active in Hong Kong and has provided construction consultancy services to many clients for over 15 years. The Group operates architectural and structural engineering consultancy services through its main operating subsidiary, Qi Jie Construction Consultants. As of March 31, 2016, we have 163 projects under construction, with an estimated total contract value of about HK$22.4 million. Construction is the main area of our practice, and all of our revenue over the course of our track record comes from architectural and structural engineering consultancy services. Our integrated building and structural engineering consultancy services cover building remodeling, and our architectural and structural engineering consultancy services include: (i) licensing questions; (ii) remodeling and addition works and minor works consultants; (iii) inspection and certification; and (iv) other construction-related consultants. Each of our projects may involve one or more areas of architectural and structural engineering consultancy services, which are often interrelated. Revenue from architectural and structural engineering consultancy services for the three years ended March 31, 2016 was approximately HK$20.4 million, HK$26.4 million and HK$29.3 million respectively. The supervision of construction works in Hong Kong is quite strict. Generally speaking, in order to carry out construction work (other than Class II and III minor works and exempted works), an authorized person must be appointed to act as the co-ordinator of the relevant construction work. An application for a commercial licence may also involve approval of plans and certification, which is 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 architectural 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. Our clients are mainly: (i) owners or occupiers who require architectural and structural engineering consultancy services for commercial purposes; (ii) village house developers; (iii) lack of internal accreditors and other licensing questions requiring our architectural and structural engineering consultancy services; and (iv) contractors and subcontractors in the construction industry in general, who require our architectural and structural engineering consultancy services in providing plans or project certification. Subcontracting and staff costs were our main expenses during and after the track record period. After we hired four former subcontractors as our current employees, we outsourced only a small portion of the documentation work and site certification work to external parties from time to time. We believe that for architectural and structural engineering consultancy service providers, Hong Kong is full of opportunities, 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 building and structural engineering consultancy services industry in Hong Kong, respectively. Please refer to the “Industry Overview” section of this document for details. We intend to hire more professionals to expand the business, thereby enhancing the business and improving IT infrastructure. For more details on business strategies 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 Date12/12/2016
Issue Price0.33
Shares Offered120.00M share
Founded07/29/2015
RegistrationCayman Islands
ChairmanRenchao Zhou
SecretaryYulin Zhong
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 BusinessUnit E, 33rd floor, Ning Chun Centre, 7 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong
Fiscal Year Ends03-31
Employees24
MarketGEM
Phone85231877009
Fax85231862686
Emailknk@asia.com
Business Providing comprehensive architectural and structural engineering consultancy services.

Company Executives

  • Name
  • Position
  • Salary
  • Renchao Zhou
  • Remuneration Committee Member,Executive Director,Chairman,Nomination Committee Chairman
  • --
  • Yulin Zhong
  • Executive Director,Company Secretary,Authorized Representative
  • 360.00K
  • Dayong Cao
  • Compliance Officer,Executive Director,Authorized Representative
  • --
  • Bizhi Li
  • Independent Non-Executive Director,Audit Committee Chairman,Remuneration Committee Member,Nomination Committee Member
  • 120.00K
  • Junye Liang
  • Audit Committee Member,Remuneration Committee Member,Nomination Committee Member,Independent Non-Executive Director
  • --
  • Jianting Liu
  • Remuneration Committee Chairman,Nomination Committee Member,Audit Committee Member,Independent Non-Executive Director
  • --

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