Shun Wo Group Holdings Limited is an investment holding company principally engaged in foundation works in Hong Kong. The company specializes in excavation and lateral support works; socketed H-piling and mini-piling works; and pile caps construction works, serving primarily residential, industrial, and commercial building construction projects. Founded in 2016 and headquartered in Sai Wan Ho, Hong Kong, Shun Wo Group operates mainly within the Hong Kong construction market. It is a subsidiary of May City Holdings Limited.
Recent major developments include an ownership change element where Wong Yan Hung acquired an additional 15.3% stake in Shun Wo Group Holdings Limited in October 2025, leading to the resignation of former executive director Lai Kwok Fai. The company reported increased revenue for the half-year ended September 2025, with sales reaching HKD 78.73 million compared to HKD 64.04 million a year prior, although it reported a net loss of HKD 16.27 million for the same period reflecting challenges such as higher costs and impairments. The company has also seen executive appointments with Du Jiewen and Kit Man named as executive directors effective in late 2024.
Operationally, Shun Wo Group invested approximately HKD 4.2 million in property, plant, and equipment during the recent fiscal period, signaling ongoing capital expenditure to support its foundation engineering activities. The company faces industry challenges reflected in profit warnings and net loss expectations for recent fiscal periods, driven by reduced revenue, increased material costs, higher interest and management fees, and impairment losses on financial assets. These elements mark a significant strategic and operational phase as Shun Wo navigates fluctuating market conditions in Hong Kong's construction sector.