Press Release
Realord Group Awarded as “Distinguished List Companies” in “2018 Listed Companies Distinguished Awards” by TVB Finance & Information Channel
(November 23, 2018 - Hong Kong) Realord Group Holdings Limited (“Realord Group” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 1196.HK) is pleased to announce Realord Group was awarded “Distinguished List Companies” by TVB Finance & Information Channel. On behalf of Realord Group, Chairman Dr. Bryan Lin Xiaohui was invited to receive the trophy, and CEO Ms. Suki Su Jiaohua, Executive Director Mr. Trevor Lin Xiaodong and Chief Financial Officer and Company Secretary Chan Chu Kin accompanied to attend the ceremony.
Two awards namely “Distinguished Listed Companies” and “The Most Potential Listed Companies” have been set up in “2018 Listed Companies Distinguished Awards” first organized by TVB Finance & Information Channel to praise the Hong Kong Listed Companies with outstanding performances. Based on a reliable selection mechanism, with companies’ business stability, corporate governance, marketing activities, corporate social responsibility and investor relations reviewed and analyzed by different professional parties, the outstanding listed companies were selected. All 17 awarded listed companies are corporates with outstanding performance in market. The judging panels are the professionals including Mr. Henry Lai Hi Wing, Chairman of Hong Kong Institute of Directors, Mr. Kenny Tang Seng Hing, Chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators Limited, Dr. Eva Chan Yiwah, Chairman of Hong Kong Investor Relations Association .
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “We are honored to receive the “Distinguished Listed Companies” Awards on behalf of Realord Group and have the opportunity to learn from different awarded listed companies with outstanding performance in different industries. We would like to thank the organizer and the judges for their recognition on the Group as well as to thank all the Realord staffs for their effort in all these years. Realord Group, with 13 years of achievement since its establishment, will uphold the spirit of “Innovative Development and the Pursuit of Excellence” to maintain better corporate governance so as to create the better value and return for shareholders and investors.”
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Realord Group Honored in the 2018 "Golden Wing Awards" as one of the Shenzhen-Hong Kong Stock Connect’s Fastest Growing Companies
(October 19, 2018 - Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 1196.HK) is pleased to announce that Realord Group was recently honored and listed in the 2018 "Golden Wing Awards", Shenzhen-Hong Kong Stock Connect’s Fastest Growing Companies Ranking.
The 2018 “Golden Wing Awards” for the most valuable Hong Kong listed companies, hosted by the Securities Times, a mainstream financial media in capital market of China, was held at Four Seasons Hotel Shenzhen on October 19. Realord Group was honored and listed as the 22nd in the Hong Kong Stock Connect’s Fastest Growing Companies Ranking among 150 participating Hong Kong Stock Connect Companies, indicating that the business growth and profit capability of the Group were deeply recognized by the judges. Nominated Companies in Hong Kong Stock Connect’s Fastest Growing Companies Ranking were first selected according to the net profit compound ratio for the last three years and then decided by voting of professional judges and online voters. The award recognizes the top, highest quality companies listed on the Hong Kong Stock Connect, and aims to enhance the Company’s brand within both capital market of Hong Kong and China. The judges consist of experts in Hong Kong Stock Connect Companies, including Dr. Shen Minggao, Chief Economist of GF Securities, Mr. Hao Hong, Managing Director and Head of Research of BOCOM International etc.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “We are greatly honored to be listed as the 22nd the 2018 "Golden Wing Awards", Hong Kong Stock Connect’s Fastest Growing Companies Ranking. The award signifies the judges’ recognition on the effort of the Group. We will be dedicated to developing different business segments and continue to strike for greatest return for our shareholders.”
Realord Group Chairman Attends the 23rd MIF in Macau
The 23rd Macao International Trade and Investment Fair (MIF) kicked off on the 18th October, 2018 at the Venetian Macao Convention and Exhibition Center. The Chief Executive of the Macao S.A.R. Government, Chui Sai On, the Director of Liaison Office of the Central People’s Government in the Macao S.A.R. Zheng Xiaosong, Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Macao Special Administrative Region Shen Beili and the Minister of Industry and Trade of Mozambique, La Jandra de Sossa hosted the opening ceremony.
Vice Chairman of the Shenzhen Municipal CPPCC, Chen Qianwen, Director of the Municipal Audit Bureau, Vice Minister of the United Front Work Department of the Municipal Party Committee, Party Secretary of the Municipal Federation of Industry and Commerce, Mr. Gu Ping, Deputy Inspector of the Municipal Federation of Industry and Commerce, Pan Jiadong, Director of the Hong Kong, Macao and Taiwan Overseas Chinese Affairs Committee of the CPPCC, Chairman of the Futian District Federation of Industry and Commerce Lin Xiaohui, Chairman of Realord Group were invited to participate in the opening ceremony of the Shenzhen’s exhibition area.
With the theme of “promoting cooperation and creating business opportunities”, and in addition to the exhibition areas for the provinces and cities in China, the countries along the “Belt and Road”, Portuguese-speaking countries and Europe, “Guangdong-Hong Kong-Macao Greater Bay Area Business Zone”, "Guizhou Congjiang County" Exhibition Areas were first displayed this year. Among them, the "Shenzhen Pavilion" exhibited by Shenzhen International Cultural Industry Fair Co., LTD.
Dr. Bryan Lin Xiaohui, Chairman of Realord Group Holdings Limited, said: "Thanks to the arrangement made by Shenzhen Federation of Industry and Commerce, and i am honor be invited by Shenzhen International Cultural Industry Fair Co., LTD to participate in the 23rd MIF and Shenzhen Pavilion’s opening ceremony. It was an opportunity for us to bridge communication gaps and build trust among the entrepreneurs and chambers of commerce in Macau and Zhuhai. As Hong Kong–Zhuhai–Macau Bridge will be open soon, MIF brings more development opportunities to enterprises and organizations in Shenzhen, Hong Kong and Macao, and even cities in Guangdong-Hong Kong-Macao Greater Bay Area, and also creates a broader space for cooperation."
Chairman and Chief Executive Officer of Realord Group Exercised Share Option Respectively to Increase Shareholding of 2.16 Million Shares in Total
(October 8, 2018 - Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 1196.HK) is pleased to announce that Dr. Bryan Lin, Xiaohui, Chairman of Realord Group and Suki Su, Jiaohua, Chief Executive Officer of Realord Group, exercised share option granted by The Company on 20 May 2015 respectively. Each of them acquired 1.08 million shares, a total of 2.16 million shares, at exercise price of HK$4.11 per share. The shareholding of Lin and Su in Realord will increase to 1,073,160,000 shares after acquisition, accounting for 74.75% of total issued shares.
Other directors of the Company or their associates still hold 5.8 million of granted options to acquire the Company’s share at exercise price of HK$4.11 per share.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “We are very confident of the development prospect and future of Realord Group. We expect different business segments of the Group will maintain growth and would like to express the management’s affirmation and support to the Group through increasing shareholding in Realord. We will continue to strike for greatest return for our shareholders.”
Liu Junlin, member of the Standing Committee of Shenzhen Futian District Committee & Director of the United Front Work Department visits Realord Group
On September 5th, Liu Junlin, member of the Standing Committee of Shenzhen Futian District Committee & Director of the United Front Work Department, accompanied with Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, also known as the Chairman of Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce and Party Secretary of the Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce Shi Youjun, led a team to visit Realord Group’s Shenzhen Office and held a meeting. Nearly 30 Vice Chairmans of the Shenzhen Futian District Federation of Industry and Commerce (General Chamber of Commerce) participated in this meeting.
During the meeting, Liu, Member of the Standing Committee of Shenzhen Futian District Committee expressed that today’s visiting Realord Group was aimed at learning the management experience from the corporate to seek for opportunities in cooperation with each other; providing mutual learning and exchanges for a new session of the leaders from Shenzhen Futian District Federation of Industry and Commerce (General Chamber of Commerce); hoping to enrich the activities of the Federation of Industry and Commerce, unifying thoughts, forming consensus through the communications and making contributions in the development of the non-public economy and the business environment in Futian District, Shenzhen.
Liu believed that this visited was very fruitful that she could know more about Realord Group in a deeper and more stereoscopic way. Meanwhile, She affirmed Dr. Bryan Lin’s active participation in the discussion of the politics affairs so as to improve the business environment in Shenzhen and Hong Kong, and his charity contributions.
Thanks to the pioneering works of reform and opening, the Shenzhen-Hong Kong companies, including Realord Group, have been able to flourish, a number of outstanding enterprises, namely Tencent and Huawei, have been created. Therefore, we must firmly keep confidence and seize historical opportunities.
"if we say reform and opening is the major opportunity for previous 20 years, then the new ear of socialism is now another new historical opportunity. In the Greater Bay Area of Guangdong, Hong Kong and Macau, in Futian District, Shenzhen, we should keep up with the times.” Liu said.
Liu stressed, “one generation has its own missions, our new session of Shenzhen Futian District Federation of Industry and Commerce should have new ethos and actions. We must have our own unique temperament and spiritual pursuit in the forefront, being courageous to finish missions and to take responsibilities.
Realord Group Announces 2018 Interim Results Profit Surges approximately 3 Times with Total Assets over HK$10 Billion Acquisition of Guanlan and Guangming Properties Broadens Property Portfolio Exploration of Environmental Protection Business Market
Results Highlights
The completed acquisition of “Guanlan Property” and “Guangming Property” in Shenzhen broadens the Group's property portfolio and the rental income will be expectedly generated in 2H2018
Changing the land use of the two owned industrial properties in Guanlan Longhua District, Shenzhen, will enhance and maximize the property value.
In line with the new national environmental protection policies, exploration in the Southeast Asia’s environmental protection business market will increase flexibility in the future
2018 Interim Results
(HK$’000)
For the six months
ended 30 June
Changes (%)
2018
2017
Revenue (Turnover)
220,308
216,233
+1.9%
Gross Profit
61,468
52,280
+17.6%
Profit before Tax
504,265
129,486
+289.4%
Profit/(Loss)
347,216
87,091
+298.6%
Profit/(Loss) Attributable to The Equity Holders
343,992
84,273
+308.2%
Earnings Per Share (HK Cents)
27.21
7.33
+271.2%
As at
30/6/2018
As at
31/12/2017
Cash & Cash Equivalent
218,101
61,477
+254.8%
Total Assets
10,303,698
2,175,492
+373.6%
Total Equity
2,499,300
1,103,998
+126.4%
(August 28, 2018 - Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company”, together with its subsidiaries collectively known as the “Group” , stock code: 1196.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2018 (the “Period”). The Group’s results recorded a surge in profit before tax by 289.4% to approximately HK$504.3 million and profit by 298.6 % to approximately HK$347.2 million for the Period.
During the Period, the Group recorded a revenue of approximately HK$220.3 million, an increase of 1.9% when compared with the same period last year. The increase was mainly due to increase in revenue of Motor Vehicle Parts Segment and Commercial Printing Segment. Subsequent to the Group tightened its credit control policy and put more effort in recovering overdue trade receivables in 2017, the Group resume its sales of motor vehicle parts back to normal, during the Period under review. As a result, Motor Vehicle Parts Segment recorded a huge increase in revenue by approximately 140.4% Year over Year (“YoY”) to HK$46.5 million. The basic earnings per share was HK27.21 cents.
The Group recorded a profit of HK$347.2 million, representing a significant increase by 298.6% YoY. The increase in profit by approximately HK$260.1 million was primarily attributable to fair value gains on investment properties of approximately HK$455.5 million, as a result of the Group broadening the property investment portfolio, which were enhanced after acquisition of Realord Investment Limited through acquisition of Realord Ventures Limited and Manureen Ventures Limited in April 2018 and the exchange gain of HK$182.1 million recognized during the Period under review.
Business review
The Environmental Protection Segment contributed a revenue of HK$113.8 million, representing 51.6% of the Group’s total revenue during the period under review. The segment recorded an operating profit of HK$11.1 million, representing an increase of 40.2% as compared to that of the last corresponding period. Based on the acquisition agreements in which the Group has acquired 60% of the issued share capital of Realord Environmental Protection, 1,750,000 consideration shares shall be allotted and issued by the Company to the vendor, Fortune Victory Asia Corporation, as part of the consideration if the qualified profit of Realord Environmental Protection for the financial year ended 31 December 2017 was not less than HK$35,000,000. The qualified profit of Realord Environmental Protection for the year ended 31 December 2017 amounted to approximately HK$46,179,000. Accordingly, the target profit has been fulfilled and the relevant consideration shares were allotted and issued to the vendor in June 2018.
The Motor Vehicle Parts Segment generated a revenue of HK$46.4 million during the period under review, representing 21.1 % of the total revenue of the Group. This segment recorded an increase in revenue by 140.4% as compared to HK$19.3million in the last corresponding period. The segment derived a profit of HK$76,000 during the period under review as compared to a profit of HK$138,000 in the last corresponding period.
The Commercial Printing Segment contributed a revenue of HK$44.9 million, representing 20.4% of the Group’s total revenue during the period under review. There was an increase in revenue by 15.4% as compared to the last corresponding period. However, due to the increase in the operation cost, the segment merely generated an operating profit of HK$2.1 million for the reporting period as compared to the operating profit of HK$380,000 for the last corresponding period.
The Property Investment Segment generated a revenue of HK$9.8 million, representing 4.4% of the total revenue of the Group. The revenue from this segment slightly increased by 7.7% when compared with the same period last year. The operating profit from this segment increased substantially from HK$150.8 million in the last corresponding period to HK$353.7 million during the period under review. The increase was mainly due to the increased fair value gains on investment properties recorded during the period under review amounted to approximately HK$455.5 million.
The Financial Services Segment generated a revenue of approximately HK$5.0 million, representing 2.3% of the total revenue of the Group during the period under review. The revenue of this segment remained stable. The segment recorded an operating profit of approximately HK$412,000 for the reporting period
The Hangtag Segment generated a revenue of approximately HK$498,000, representing 0.2% of the Group’s total revenue. The segment revenue decreased by 68.8% from the last corresponding period of approximately HK$1.6 million for the period under review. The operating loss derived from this segment was minimal during the period under review and the last corresponding period.
Outlook
During these years, the Group has always been committed to improving the business of all segments in order to achieve diversified business development. The Group has been actively exploring property investment business. In April 2018, the Group has finished the acquisition of Guanlan Property and Guangming Property, significantly enhancing the property portfolio of the Group. It is expected that the Guanlan Property and Guangming Property will generate rental income in the second half of 2018 and bring potential capital gain for the Group. The Group is optimistic about the prospects of the property investment business. Going forward, the Group will strive to identify properties with investment value and broaden the Group's property portfolio.
In May 2017, the Group submitted the applications to Shenzhen Longhua District Urban Renewal Bureau for changing the land use of two owned industrial properties in Longhua District, Shenzhen, namely the “Zhangkengjing industrial property” and “Qiankeng industrial property”, and another “Zhangkengjing industrial land” of which the development right was granted from Shenzhen Zhangkengjing Joint Stock Company to the Group. According to the applications, the land use of two Zhangkengjing industrial properties are planned to change to residential apartments and office use, while the Qiankeng property will be changed for public housing and residential use. It is expected that approval for the applications will be granted in the second half of 2018, subject to government schedules, and thereafter the redevelopment works will commence.
For the aspect of Environmental Protection Segment, as a result of new relevant environmental protection regulations released in the PRC to impose further requirements on importing scrap materials during the period under review, the Group plans to develop a processing plant in Southeast Asia for sourcing and dismantling scrap material from the originate country of scrap material in order to enhance the Group’s ability and flexibility to fulfill the new relevant environmental protection regulations. Hence, the Group will adjust the schedule to develop a processing plant for recycling and production of copper and aluminum ingots in Wuzhou Import Renewable Resources Processing Park located in Wuzhou, Guangxi Province, the PRC. In the future, the Group will examine the recent development of the environmental protection industry in the PRC, and commence the construction of the PRC Processing Plant in due course. It is expected that the construction of the PRC Processing Plant will commence in the first quarter of 2019.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “The acquisition of Realord Villas and Realord Science & Technology Park completed in April 2018 enriches the Group’s property portfolio and income source. As the residents are moving in Realord Villas’ residential flats (also known as ‘Enterprise Talents Indemnificatory Housing Units’) allocated by Shenzhen Futian District Housing and Construction Bureau, the operating leases of the mall, retail shops and parking lots are expected to be motivated, thus generating rental income in the second half of the year. It is anticipated the open of Guangzhou-Shenzhen-Hong Kong Express Rail Link and the surrounding railways, transportation facilities, and the commercial and residential buildings successively will be constructed in Guangming District, Shenzhen in which the commercial properties development will also be motivated. Realord Science & Technology Park, in there, will be benefited. As the projects in the Guangdong-Guangxi Interprovincial Pilot Cooperation Special Zone and implementation of new environmental protection regulations have been commenced that bring opportunities for the Group’s environment protection business and enlighten the new idea in exploring the Southeast Asia market. Looking ahead, Realord Group will be devoted to maintaining steady growth of each segment in order to strive for the greatest return for investors and shareholders.”
Deputy Director of the United Front Work Department of the Shenzhen Municipal Party Committee, Party Secretary of Shenzhen Municipal Federation of Industry and Commerce & General Chamber of Commerce Cai Li visited Realord Group
On the afternoon of August 24th 2018, a Signing Ceremony of Cooperation Memorandum between Shenzhen Federation of Industry and Commerce & General Chamber of Commerce and the Municipal Taxation Bureau, and also the announcement meeting of enterprises’ preferential policies were held in National Taxation Complex Building. After the meeting, Deputy Director of the United Front Work Department of the Shenzhen Municipal Party Committee, Party Secretary of Shenzhen Municipal Federation of Industry and Commerce & General Chamber of Commerce Cai Li, Deputy Inspector Gu Ping, Deputy Director of the United Front Work Department of the Shenzhen Futian District Municipal Party Committee, Party Secretary of the Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce Shi Youjun visited Realord Group’s Shenzhen office. Dr. Bryan Lin, Xiaohui, the Chairman of Realord Group introduced the company's latest information to those visitors.
Secretary Cai Li fully affirmed Dr. Lin's appointment as the new Chairman of the Futian District Federation of Industry and Commerce, Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce, and praised Realord Group as an "excellent exemplar of the non-public enterprises" which is fully in compliance with "Strong in Ideological Politics, industry representation, ability in politics participation and Good social reputation”.
Cai believes that the All-China Federation of Industry and Commerce (ACFIC) is a complete and sound national organization. It is a bridge among the government and non-public economic enterprises and non-public economic people. It has also been committed to negotiating and strengthening team building. She encouraged Dr. Lin to communicate and participate as both a representative of entrepreneurs and the chairman of the District Federation of Industry and Commerce, giving opinions and suggestions to the ACFIC more directly, so as to implement ACFIC’s functions thoroughly including giving political guidance and economic service, appeal, rights and interests, integrity and self-discipline, and participation in social governance.
The establishment and business transformation of Realord Group is at the same time accompanied with the transformation and development of Shenzhen City, which is full of feelings and social responsibility. The enterprises in Futian District are the most representative. The quality of the civil servants and the teammate of Shenzhen Federation of Industry and Commerce in the district is also at a high level in the city. Secretary Cai Li hopes that the Futian District Federation of Industry and Commerce will create the Shenzhen Federation of Industry and Commerce best samples and highlights under the leadership of Chairman Dr. Bryan Lin.
Realord Group Chairman Dr. Bryan Lin expressed his sincere gratitude to Secretary Cai Li for giving Realord Group positive comments. He said he will live up Shenzhen Federation of Industry and Commerce ’s expectation and won’t forget the initial intentions, and will lead more members (companies) being adopted with a new model of harmony and integrity relationship between corporates and politics, promoting Futian as a leading district as the core engine of Guangdong-Hong Kong-Macao Greater Bay Area.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group has been elected as the Chairman of Shenzhen Futian District General Chamber of Commerce
On the 7nd August 2017, Realord Group Holdings Limited (“Realord” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 1196.HK) is pleased to announce that Dr. Bryan Lin, Xiaohui, Chairman of Realord Group has been elected as the Chairman of Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce (SZFTFIC).
The fourth committee member meeting of the Shenzhen Futian District General Chamber of Commerce and the fourth Executive Committee meeting were held at the Shenzhen Convention and Exhibition Centre. A new session of fourth committee members was elected. Realord Group Chairman Dr. Bryan Lin was elected as Chairman of Fourth Executive Committee of Shenzhen Futian District Federation of Industry and Commerce & General Chamber of Commerce.
Cai Li, Deputy Director of the United Front Work Department of the Shenzhen Municipal Party Committee, Party Secretary of the Municipal Federation of Industry and Commerce, Liu Junlin, Member of the Standing Committee of the Futian District Committee and Minister of the United Front Work Department, the Leaders SZFIC and 300 Futian-based entrepreneurs attended the meeting.
Dr. Bryan Lin said, "Thanks to the support from the members of political and commercial sectors. It's my honor to be elected as the Chairman of Futian District SZFIC.
In the future, we will lead more members (companies) being adopted with a new model of harmony and integrity relationsip between corporates and politics, guiding the members to actively participate under the development of "Belt and Road", promoting Futian as a leading district of modern industry in a world class bay area, forging Shenzhen-Hong Kong Science and Technology Innovation Special Cooperation Zone as the core engine of Guangdong-Hong Kong-Macao Greater Bay Area.
About Shenzhen General Chamber of Commerce
The Shenzhen General Chamber of Commerce of Commerce is a mass organization of people's organizations and chamber of commerce organized by the Shenzhen business community led by the PRC government. It is a bridge between the party and the government in connection with the non-public sector of the economy and an aide in the government's management of the non-public sector of the economy. Shenzhen General Chamber of Commerce members include organization members, corporate members and individual members. Among them, the organization members include private enterprise associations and more than thirty industry associations. Grass-roots organizations include districts, sub-district district chambers of commerce and trade associations. The Shenzhen General Chamber of Commerce Members are characterized as flourishing talent lineup, powerful, full of vitality and fast development. As of September 2015, more than 20,000 SGFIC members have been registered.
