On May 25, 2023, Horizon Construction Development Limited (CDHORIZON) was officially listed on the Main Board of the Stock Exchange of Hong Kong (HKEX) with the stock code 09930.HK, marking a significant moment in its history and embarking on a new journey.

CDHORIZON is an integrated equipment operation service platform under Far East Horizon Limited (Far East Horizon, stock code: 03360.HK), ranking first in China and 14th globally in the IRN100 2022 list of the largest rental companies in the world. As Far East Horizon’s first independent industrial platform entering the international capital market, CDHORIZON’s successful listing demonstrates that the “Finance + Industry” strategy of Far East Horizon is correct and forward-looking.

After years of development, CDHORIZON has accumulated profound industry expertise and demonstrated remarkable strengths. Frost & Sullivan reported that according to the equipment holdings in China in 2022, CDHORIZON ranked first in three markets: aerial work platforms, shoring systems, and scaffolding systems, with a share of 29.6% in the aerial work platform market, significantly leading the industry. CDHORIZON has also expanded its network, with four major bases and 349 service outlets in 187 cities, covering almost all provinces and economically developed regions in China. This network provides multi-dimensional support for connecting with customers and delivering services.

Being customer-focused is the underlying logic of CDHORIZON’s continuous development. Beyond equipment, CDHORIZON provides a range of customized comprehensive engineering and technical services, empowered by digital service platforms and based on effective synergy and connection among its three product lines. Centered around the pre- and post-construction phases, CDHORIZON offers efficient equipment supply chain solutions and builds an integrated operation service system focusing on “lifecycle management” of engineering machinery, thereby contributing to the creation of green and high-quality projects.

At the same time, CDHORIZON is gradually establishing a diverse, high-quality, and stable customer base, covering various fields such as municipal construction, housing construction, transportation construction, shipbuilding and oceanography engineering, industrial manufacturing, green energy, warehousing logistics, culture and arts, and business and entertainment. The number of customers has achieved strong growth, reaching 158,000 by the end of 2022, an increase of 2.4 times compared to 2020, with a compound annual growth rate of 83.3%. Among them, CDHORIZON has partnered with seven of the top ten construction companies in China for over five years. Advocating longtermism during exploration and consolidation has enabled CDHORIZON to grow together with its customers, which will finally become long-term partners for mutual success.

In recent years, benefiting from the trust of customers and its leading position in the industry, CDHORIZON has been involved in the construction of numerous major engineering projects, such as hospitals in Hong Kong, Guangzhou Baiyun International Airport Terminal, Baotou-Yinchuan High-speed Railway, National Exhibition and Convention Center (Shanghai), Beijing Daxing International Airport, Hong Kong-Zhuhai-Macao Bridge, and Huoshenshan Hospital. Through participating in and witnessing these projects, CDHORIZON has fully entered the era of “accelerated development”.

In response to national “going global” strategies such as the Belt and Road Initiative, CDHORIZON is steadily expanding its overseas business, deepening cooperation with upstream and downstream partners, enhancing its global reach and presence, and strengthening its competitiveness in the world. In 2019, CDHORIZON expanded its operations in regions such as Southeast Asia, the Middle East, and Africa, becoming the first enterprise in the Chinese equipment operation industry to “go global” in a systematic manner. It is expected that the company will continue to grow, benefiting from emerging markets such as Southeast Asia. The listing will further enhance the company’s visibility, brand image, market competitiveness, and global influence.

CDHORIZON plans to increase its market share by improving service capabilities and expanding service outlets. On the one hand, the company plans to increase the density of service outlets in first- and second-tier cities in China’s economically vibrant regions, in order to enhance service responsiveness; on the other hand, it will further expand its geographical coverage in the world and explore market opportunities in Southeast Asian countries such as Singapore and Malaysia. In the future, CDHORIZON will continue to strengthen its internal driving force and build up its potential for long-term sustainable development, creating more possibilities in construction and services.

We will gather global resources to boost the development of the industry! CDHORIZON’s successful listing is not only an important milestone in accelerating its own growth, but also opens a new chapter for the development of Far East Horizon. Standing at a brand new starting point, Far East Horizon will adhere to the development strategy of “Finance + Industry” and continuously evolve in terms of asset allocation, operation mode, and development direction. With the goal of “building an excellent enterprise”, we will continuously and effectively create value for all sectors of society and contribute to the efforts of building a better world.