- Business
- Chinney Alliance Group Limited (0385.HK) is a Bermuda-incorporated investment holding company principally engaged in building-related contracting services, foundation piling and ground investigation, building construction, aviation systems distribution, and trading of plastic and chemical products; it also undertakes property holding and development. The company operates through six main segments: Foundation Piling and Ground Investigation, via Chinney Kin Wing Holdings Limited (1556.HK) offering bored piles, rock-socketed steel H-piles, percussive steel H-piles, mini-piles, ground investigation, site formation, pile caps, footing, and excavation and lateral support works; Building Related Contracting Services, delivered by Shun Cheong Engineering Group providing electrical, HVAC, fire services, plumbing, drainage, security systems, water features, curtain walling, fitting out, alteration and addition works, building renovation, maintenance, and building services installation including robotics, EV charging networks, data centre infrastructure, and solar panel installations; Building Construction, through Chinney Construction Company Limited, Chinney Builders Company Limited, and Chinney Timwill Construction (Macau) Company Limited handling superstructure works; Aviation, under Chinney Alliance Engineering Limited distributing and installing aviation systems, weather radar, anti-drone technologies, electrical, mechanical, electronic, and IT systems for infrastructure projects; Plastic and Chemical Products, managed by Jacobson van den Berg (Hong Kong) Limited trading commodity and engineering plastics, pigments, additives, specialty chemicals, disinfectants, hygiene products under JcoNAT brand (including patented Onychomycosis treatment), and eco-friendly plastics; and Others encompassing property held for sale under development in Fanling, investment properties, and equipment leasing. The group serves public and private sectors including the Housing Authority, Civil Aviation Department, and Hong Kong Observatory, with primary operations in Hong Kong, Macau, Mainland China, and regional pursuits in the Greater Bay Area. Founded in 1993 and headquartered at 23rd Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong, the company listed on the Hong Kong Stock Exchange in November 1993.
In recent developments, Chinney Kin Wing advanced a HK$250 million loan to related company Chinney Investments Limited on 7 October 2024 at 6.0% per annum, approved by independent shareholders on 25 September 2024, with the term extended for another 12 months on 5 September 2025; this generated HK$7.5 million in interest income for the six months ended 30 June 2025. Ongoing connected transactions under the 2022 Revamp Framework Agreement with Honour Well Development Limited (an affiliate of Hon Kwok Land Investment Company Limited) for builder’s works (up to HK$96.3 million) and mechanical/electrical/façade works (up to HK$141 million) at 119-121 Connaught Road Central recognized HK$19.5 million in revenue during the same period. Operationally, Shun Cheong expanded into high-margin data centre projects, robotics for drilling/welding, EV charging, and its first solar panel contract; Chinney Kin Wing's DrilTech secured a marine site investigation contract and broadened laboratory testing services; Jacobson scaled JcoNAT hygiene products and mainland China e-business; the Fanling property development completed foundation works; and CAE won a HK$7.5 million Civil Aviation Department tender for air traffic control equipment, amid completion of third runway projects. For the six months ended 30 June 2025, the group reported revenue of HK$3,296 million and net profit of HK$36.4 million, with outstanding contract sums of HK$3,472 million (foundation), HK$2,548 million (building services), and HK$1,323 million (construction).