The government will increase more investment in transportation (subways, high-speed railways, etc.), build new schools and medical buildings (such as hospitals) in the decoration market of public buildings, with an output value of RMB2.6 trillion. Its value will reach 4.2 trillion yuan in 2019. According to Frost & Sullivan, Guangdong Adway Construction is one of the top 20 comprehensive architectural decoration service suppliers , and the Group is ranked 18th in the construction and decoration industry in terms of sales revenue in China in 2015. The scope of certification of the group includes four main lines: building decoration, mechanical and electrical installation, curtain wall and fire safety engineering.
Grade A in Building Decoration Engineering Design and Grade A in Building Curtain Wall Design, enable the Company to contract with indoor /outdoor design and curtain wall design without contractual value restriction. In addition, the Group also has a number of industry's highest level of qualifications and licenses such as Class A contractor in decoration and decoration engineering, Grade A in architectural decoration engineering design, Class A contractor in building curtain wall engineering, Grade A in building curtain wall engineering design, Class A contractor in mechanical and electrical equipment Installation, Class A contractor in intelligent building engineering, Class A contractor of fire safety facilities engineering and work safety licenses. What is more, the Company has obtained a license for the hospitals and medical institutions which is necessary to undertake the construction and decoration .
In terms of marketing, the Group's client is relatively average and not over-centralized, including state-owned enterprises, government agencies and institutions, listed companies, foreign-funded enterprises, real estate developers and property management companies. In addition, the Company has set up 23 branches in 18 provinces, autonomous regions and municipalities, such as Beijing, Chongqing, Guangzhou, Wuhan, Chengdu, Xining, Yinchuan, Wuxi and Huizhou, and 5 offices respectively in Nanjing, Zhengzhou, Urumqi and Dunhuang, covering most part of China.
The Group's total revenue for the three years ended on December 31, 2013, and December 31,2014 and December 31, 2015 were approximately RMB 1,484.6 million, RMB 1,479.7 million and RMB 1,659.7 million respectively, representing a compound annual growth rate of 5.7%. Net profit attributable to equity holders of the Company were approximately RMB 61.7 million, RMB 79.6 million and RMB 100.7 million respectively, representing a compound annual growth rate of 27.7%.
It is estimated that the Group is in the golden period of growth and that there would be promising projects in public facilities, decoration services and hospital decoration under the accelerated urbanization and health care reform. The company is preparing to IPO.
Chief Executive Officer Asia Fortune Securities Limited.
