Established Demolition Firm Zhuoli International Files for Hong Kong GEM Listing
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong veteran demolition contractor Zhuoli International has submitted an application to list on the Growth Enterprise Market, with Bai Hui Financial Holdings acting as sole sponsor . The company, whose roots trace back to 1989, posted fiscal year 2026 profit of HK$23.9 million, representing a 1.9-fold increase year-on-year . Chairman Lo Cheuk-pui currently serves as president of the Hong Kong Construction Industry Contractors Association . The company operates primarily as a main contractor for demolition projects in Hong Kong, serving private property developers and recyclers .
Key Points
- Revenue for the year ending March reached nearly HK$140 million, up 77% year-on-year, while net profit surged 190% to HK$23.9 million
- Gross margin improved to 28.8%, an increase of 4.2 percentage points, with Q1 2027 margin climbing further to 34.3%
- As of the 16th of the month, the company holds 9 ongoing or awarded projects with total contract value approaching HK$170 million
- Chairman Lo Cheuk-pui has held multiple positions in the Construction Industry Council and various government committees since July 2024
- No dividends were paid in fiscal years 2025 and 2026, but Q1 2027 saw a dividend distribution of HK$43 million
Why It Matters
The listing application signals potential consolidation in Hong Kong's demolition sector as companies seek capital to capture opportunities from aging building stock requiring redevelopment . With large-scale infrastructure projects like the Northern Metropolis and Hung Fuk Kei Bridge driving demand, Zhuoli International's expansion ambitions reflect broader industry confidence in Hong Kong's construction market outlook .
The listing application signals potential consolidation in Hong Kong's demolition sector as companies seek capital to capture opportunities from aging building stock requiring redevelopment . With large-scale infrastructure projects like the Northern Metropolis and Hung Fuk Kei Bridge driving demand, Zhuoli International's expansion ambitions reflect broader industry confidence in Hong Kong's construction market outlook .