Venture(US:VEMLY) Zhi Tong Cai Jing·2025-09-28 00:56Core Viewpoint - King Leaf International Group Limited is undergoing a listing hearing on the Hong Kong Stock Exchange's Growth Enterprise Market, with Sun Hung Kai Financial as its exclusive sponsor [1] Company Overview - King Leaf International is an established contractor in the electromechanical engineering sector, with a history dating back to 2006. The company specializes in the supply, installation, maintenance, and repair of heating, ventilation, and air conditioning systems, electrical installation systems, and water supply systems [3] - The company primarily serves private projects, with revenue from private projects accounting for approximately 97.7% and 98.2% of total revenue for the fiscal years 2023/24 and 2024/25, respectively [3] - King Leaf International has mainly provided services to existing commercial properties in Hong Kong, managed by several large property management companies [3] Project and Contract Types - The company undertakes various types of contracts, including fixed-price contracts, maintenance contracts, and regular contracts with pre-agreed rate tables. For the fiscal years 2023/24 and 2024/25, the company has taken on over 1,000 projects, with most contributing less than 500,000 HKD each [4] - As of July 31, 2025, the company has 187 projects on hand, with an uncompleted order value of approximately 62.8 million HKD [4] Financial Performance - For the fiscal years 2023/24 and 2024/25, the company's projected revenues are approximately 123.01 million HKD and 154.53 million HKD, respectively. The corresponding net profits are expected to be around 10.37 million HKD and 14.07 million HKD [5]