New stock news | Golden Leaf International submitted an application to the Hong Kong Stock Exchange as a well-established contractor for mechanical and electrical engineering.

According to the Hong Kong Stock Exchange disclosure on June 13, Golden Leaf International Group Limited (hereinafter referred to as "Golden Leaf International") has submitted an application for listing on the GEM of the Hong Kong Stock Exchange, with Same Person Finance Limited as the exclusive sponsor. The prospectus shows that Golden Leaf International is an established contractor engaged in mechanical and electrical engineering, with a history dating back to 2006. The company specializes in the supply, installation, maintenance, and repair of (i) heating, ventilation, and air conditioning systems; (ii) electrical installation systems; and (iii) water supply systems on a project-by-project basis. During the track record period, the company mainly acted as the main contractor for private projects, with the project owners mainly being well-known property management companies. In the fiscal years 2023/24 and 2024/25, revenue from private projects accounted for approximately 97.7% and 98.2% of total revenue, while revenue from projects where the company acted as the main contractor accounted for approximately 90.7% and 86.4% of total revenue. In terms of the types of properties involved in the company's projects, Golden Leaf International mainly provided services to existing commercial properties in Hong Kong during the track record period, managed by several well-known property management companies. The commercial properties served by the company during the track record period were located across Hong Kong Island, Kowloon, and the New Territories, including Olympian City in Tai Kok Tsui, China HK City in Tsim Sha Tsui, Newland Pharmaceutical in Tsuen Wan, Heng Long Center in Causeway Bay, FashionWalk in Causeway Bay, Peak Galleria in the Peak, AIA Tower in North Point, Harbourfront Landmark in Tai Kok Tsui, Central Centre in Central, Taikoo Place in Quarry Bay, AIRSIDE in Kai Tak, and Metropolis Tower in Hung Hom. According to Frost & Sullivan data, the mechanical and electrical engineering market has recovered from the COVID-19 outbreak. The total market size of the mechanical and electrical engineering sector is expected to increase from approximately HK$53 billion in 2020 to around HK$72 billion in 2024. Looking ahead, supported by strong growth in the private and public sectors, the market is estimated to reach around HK$96.1 billion by 2029. In terms of performance, in the fiscal years 2023/24 and 2024/25, Golden Leaf International achieved revenues of approximately HK$123 million and HK$155 million, with net profits of HK$10.37 million and HK$14.07 million respectively.