CDHORIZON

CDHORIZON is an integrated equipment operation service provider under Far East Horizon Limited (Fehorizon, 03360.HK). In 2022, it ranked first in China and 14th worldwide in the International Rental News Top 100 (IRN100) list. As Fehorizon’s first independent industrial platform to enter the international capital market, the successful listing of CDHORIZON is proof of the correctness and foresightedness of Fehorizon’s “finance + industry” strategy. 

Through long-term development, Horizon Construction Development has accumulated rich experience and marked advantages in the industry. According to the Frost & Sullivan Report, based on the total number of equipment in China in 2022, Horizon Construction Development ranked first in all three markets of aerial work platform, excavation support system and formwork system; it accounts for as much as 29.6% of the aerial work platform market share, far ahead of its competitors. Meanwhile, Horizon Construction Development has been continuously refining its network layout. By the end of 2022, it has owned 4 major bases and 349 service outlets in 187 cities, with coverage of almost all provinces and economically developed regions of China and multi-dimensional support for customer accessibility and service capability.

“Customer-oriented” is the underlying logic of the sustainable development of Horizon Construction Development. On top of equipment, Horizon Construction Development provides customers with efficient equipment supply chain solutions based on a series of customized integrated engineering technical services empowered by a digital service platform, replying on effective cooperation and connection of three major product lines, and surrounding the front-end and bank-end processes of construction project, so as to construct an integrated operation service system with “entire-life-cycle management” of engineering mechanical equipment as the core and contribute to the creation of green quality projects.

Meanwhile, Horizon Construction Development is gradually establishing a diversified, high-quality and stable clientele, covering an extensive range of areas including municipal construction, housing construction, transportation construction, shipbuilding & ocean engineering, industrial manufacturing, green energy, warehouse logistics, culture & art, and commercial recreation. At the same time, the number of its clients has been growing strongly. By the end of 2022, its corporate clients have grown by 2.4 times than 2020 to reach 158,000, with a compound annual growth rate of 83.3%. Among them 7 corporate clients are China’s top 10 construction enterprises who have been cooperating with Horizon Construction Development for over 5 years. From cooperation to mutual achievements, Horizon Construction Development has been growing with its clients with “long-termism” through exploration and accumulation.

In recent years, benefiting from clients’ trust and its industry leading position, Horizon Construction Development has played a part in numerous major engineering projects, including Emergency Hospital of Hong Kong, terminal of Guangzhou Baiyun International Airport, Baotou–Yinchuan high-speed rail, National Exhibition and Convention Center of Shanghai, Beijing Daxing International Airport, Hong Kong-Zhuhai-Macao Bridge, Huoshenshan Hospital, and so on. Through participation in and witness of the construction of a series of major projects, Horizon Construction Development has sped up comprehensively into a new era.

With the promotion of China’s overseas-going strategies including the Belt and Road Initiative, Horizon Construction Development has been steadily developing its overseas business, deepening its cooperation with upstream and downstream partners, continuing to increase its internationalization level and enhancing its global competitiveness. In 2019, it conducted business in Southeast Asia, Middle East and Africa. As the first enterprise in China’s equipment operation industry to go overseas with the entire organizational system, Horizon Construction Development is expected to grow stronger and stronger thanks to emerging markets like Southeast Asia. Its listing on HKSE will further improve its popularity and brand awareness, and enhance its market competitiveness and global influence.

According to its planning, Horizon Construction Development will increase its market share by

improved service ability and expanded service network coverage. On the one hand, it plans to increase the density of its service network in first-tier and second-tier cities in China’s economic hotspot regions to increase its service responsiveness. On the other hand, it will further increase the scope of its geographical coverage and expand its international layout through continuous exploration of market opportunities in Southeast Asian counties such as Singapore and Malaysia. In the future, as always, Horizon Construction Development will consolidate its inner drive, build up the momentum of long-term sustainable development, and create more opportunities in construction and services.

Integrating global resources and promoting industry development is our mission. The successful listing of Horizon Construction Development has not only become an important milestone of its accelerated self-development, but also begun a new chapter of Fehorizon’s development. Standing at a whole-new starting point, Horizon Construction Development will adhere to the “finance + industry” development strategy, and continuously update its asset layout, operation method and direction. Striving towards excellence, it will create value for all aspects of the society efficiently and constantly, and contribute its strength to the construction of a beautiful world.