In October 2025, Yuanda Construction, the first publicly traded company in the precast construction industry in Hong Kong, submitted a bankruptcy reorganization application to the court.

The statement in the announcement that it was “unable to repay its due debts” left a sad footnote for this industry leader, which holds 1300 patents and has nearly 100 production bases.

From the peak market value of HKD 10.

387 billion when it went public in 2019, to the stark contrast between the debt of HKD 5.

206 billion and the book capital of only HKD 95.

Double Ended Ferrule

01 million in the first half of 2024, the decline of Yuanda Housing Engineering is not only a collapse of the company’s operation, but also exposes the deep-seated problems of precast construction in terms of technology implementation and industry ecology, triggering a re examination of the development path of the entire industry.

.