IPO研究 | 香港机电工程行业预计2029年将达约961亿港元

Company Overview - King Leaf International Holdings Limited (金叶国际) has submitted a prospectus for listing on the Hong Kong GEM (Growth Enterprise Market) with the sponsorship of Sun Hung Kai Financial [1] - Established in 2006, the company specializes in electromechanical engineering, providing supply, installation, maintenance, and repair services for HVAC systems, electrical installations, and water supply systems [1] Market Recovery and Growth - The COVID-19 pandemic significantly impacted the electromechanical engineering industry in Hong Kong, causing a market size decline of approximately HKD 53 billion in 2020. However, the market has since recovered, with a projected total market size of around HKD 72 billion by 2024 and an expected growth to approximately HKD 96.1 billion by 2029 [1] - The private sector experienced a market size drop to HKD 32.2 billion in 2020 but is expected to rebound to about HKD 40.8 billion by 2024, reflecting a compound annual growth rate (CAGR) of approximately 6.1% from 2020 to 2024 [2] - The public sector's market size is projected to grow from approximately HKD 20.8 billion in 2020 to about HKD 31.2 billion by 2024, with a CAGR of around 10.7% [3] Key Growth Drivers - The recovery in the private sector is driven by accelerated property development, urban redevelopment, and increased demand for electromechanical engineering services for both new and old buildings [2] - Urban redevelopment and renovation of old buildings have become critical growth drivers, with the number of old buildings being redeveloped increasing from 1,543 in 2020/2021 to 1,785 in 2023/2024 [2] - The demand for smart and green building technologies is rapidly increasing as Hong Kong aims for carbon neutrality by 2050, with buildings accounting for over 90% of the city's electricity consumption and 60% of carbon emissions [5]