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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
S.F. Holding
06936.HK
Air Freight & Logistics 32.3-36.3 200 N/A 2024/11/22 2024/11/26 2024/11/27
Jiuyuan Gene
02566.HK
Biotechnology - Medical Devices 11.48-12.56 200 N/A 2024/11/25 2024/11/27 2024/11/28
Mokingran
02585.HK
Watch & Jewellery 12-14.4 200 N/A 2024/11/26 2024/11/28 2024/11/29
Summary
Founded in 2008, we are an established service provider for landscaping and ecological restoration projects in the Three Northeast Provinces of the PRC. Our footprints have covered 13 provincial-level regions encompassing, among others, Jilin, Beijing, Tianjin, Inner Mongolia, and Xinjiang. The landscaping market in the PRC is highly fragmented and the leading companies in the landscaping market dominated the ecological restoration market in the PRC. According to the CIC Report, we ranked first among companies in the ecological restoration industry and second among companies in the landscaping industry in the Three Northeast Provinces, with market shares of approximately 6.7% and 1.3%, respectively, in terms of revenue generated from projects located in the Three Northeast Provinces in 2019. According to the CIC Report, our market shares in the landscaping and ecological restoration industries in the PRC were approximately 0.08% and 0.58%, respectively, in terms of revenue generated in 2019. We distinguish ourselves from our competitors as a one-stop service provider with qualifications to provide both design and construction services. According to the CIC Report, as at the Latest Practicable Date, we were one of the six companies registered in the Three Northeast Provinces that simultaneously held the First-Grade Landscape Engineering Design Specialty Qualification Certificate (風景園林工程設計專項甲級資質) and the qualifications for conducting construction activities.

As at the Latest Practicable Date, our business segments include (i) landscaping; (ii) ecological restoration; and (iii) others including investigation, survey, design and technical consultancy for municipal construction projects. During the Track Record Period, we secured new businesses mainly through participating in tendering process or direct engagement. We have undertaken a total of 374 projects during the Track Record Period, of which 128 were landscaping projects, 64 were ecological restoration projects and 182 were projects relating to other services. As at the Latest Practicable Date, we had 60 ongoing landscaping projects, 36 ongoing ecological restoration projects and 69 ongoing other projects.

During the Track Record Period, landscaping was a major source of our Group's recognised revenue. We, as contractors, undertake landscaping projects from our customers, such as the design and/or construction of urban gardens, theme parks and private parks, with an aim to improving the environment of urban areas through the combination of our design and construction capabilities. In such projects, we provide a variety of landscape design and construction services based on our customers' needs including, among other things, terrain modification, planting of nursery plants, underground construction works such as pipe installation for water supply, as well as maintenance works.

We have placed increasing efforts in developing our ecological restoration segment since 2016, resulting in an overall growth in its contribution to our Group's recognised revenue over the Track Record Period. Ecological restoration projects are projects which seek to treat, mediate or restore damaged natural resources by applying specialised technology, equipment, plants or other biological agents. Our services for ecological restoration projects include, among others, underground pipeline construction for rainwater harvesting and sewage system, design and construction of ecological facilities such as rain garden, sponge city system and greening construction. Our ecological restoration projects include treatment of polluted rivers, building of urban waterfront parks, restoration of regional water ecology system and mine rehabilitation.

The key differences between our landscaping projects and our ecological restoration projects mainly lie in that (i) our landscaping projects are undertaken with an aim to improving the environment of urban areas, whereas our ecological restoration projects are undertaken with an aim to treating, mediating or restoring damaged natural resources; (ii) the construction works for our landscaping projects include, among other things, planting of nursery plants, construction of garden roads and installation of landscape facilities, whereas the construction works for our ecological restoration projects include, among other things, construction of ecological protection slope for soil consolidation, purification of polluted water through installation of aeration equipment and restoration of damaged land surface through spraying plant seeds and covering nonwovens over a large area; and (iii) as the primary aims of these two types of projects differ, (a) different sets of techniques and skills are utilised for the projects such that our landscaping projects may involve, among other things, seedlings cultivation skills and tree transplanting and supporting skills, whereas our ecological restoration projects may involve, among other things, Low Impact Development (LID), heavily-polluted water purification skills and honeycomb restraint system slope construction skills; and (b) our patented technologies applied to our landscaping projects (such as our cultivation method and growth medium for Hemerocallis or cultivating device for seedlings used for construction) are also distinct from those applied to our ecological restoration projects (such as our purification device for treating coking wastewater or the system for treating Class C medical wastewater). Please refer to the section headed “Appendix IV — Statutory and General Information” in this document for further details of our patents.

During the Track Record Period, over 90% of our recognised revenue were generated from public sector projects. We believe that our active participation in public sector projects enables us to develop an in-depth understanding of the project requirements imposed by public sector entities and reinforce their confidence in our services. During the Track Record Period, we recognised a total revenue of approximately RMB2,543.0 million from public sector projects, of which 16 projects had contract sum of more than RMB100.0 million.

Source: ZONBONG Enviro (01855) Prospectus (IPO Date : 2020/12/22)
Listing Market MAIN
Industry Building Construction
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders ZONQING International Investment Limited (65.89%)
Liu Haitao & Associates (5.11%)
Directors Sun Juqing (Chairman and Non-Executive Director)
Liu Haitao (Vice Chairman and Chief Executive Officer and Executive Director)
Wang Yan (Chief Financial Officer and Executive Director)
Lyu Hongyan (Non-Executive Director)
Shao Zhanguang (Non-Executive Director)
Gao Xiangnong (Independent Non-Executive Director)
Lee Kwok Tung Louis (Independent Non-Executive Director)
Yin Jun (Independent Non-Executive Director)
Company Secretary Tsui Hin Chi
Principal Bankers China Merchants Bank
China Everbright Bank
Industrial Bank Co., Ltd
Bank of China (Hong Kong) Limited
Solicitors Eric Chow & Co. in Association with Commerce & Finance Law Offices
Auditors KPMG
Registered Office Room 18, 9th Floor, Block B, HI-TECH Industrial Centre, 491-501 Castle Peak Road, Tsuen Wan, Hong Kong
Share Registrars Boardroom Share Registrars (HK) Ltd. [Tel: (852) 2153-1688]
Share Registrars Tel No (852) 2153-1688
Internet Address http://www.zonqing.net
Email Address IR@zonqing.net
Tel No (86 431) 8968-9717
Fax No (86 431) 8968-9717
 
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