Press Release
Realord Group Chairman Dr. Bryan Lin won "Shenzhen May 1st Labor Medal"
(April 24, 2021, Hong Kong) Realord Group Holdings Limited ("Realord Group" or "Company", together with its subsidiaries are collectively referred to as "the Group", stock code: 01196.HK) is pleased to announce that Realord Group Chairman Dr. Bryan Lin has won the honor of "Shenzhen May 1st Labor Medal".
"The May 1st International Labor Day Commendation Ceremony" is held by Shenzhen Municipal Party Committee and Government to appraise the collectives and individuals who have won the "May 1st Labor Awards" and "Worker Pioneer".
The chosen one are mainly for organizations or individuals that have made outstanding contributions in the economic, political, cultural, social, and ecological civilization construction and party building of Shenzhen, as well as in the prevention and the measures in respond to the COVID-19.
Zheng Ke, deputy secretary of the Shenzhen Municipal Party Committee, Peng Haibin, deputy director of the Standing Committee of the Municipal People's Congress and Chairman of the Municipal Federation of Trade Unions presided over the meeting. Shenzhen Deputy Mayor Ai Xuefeng and Vice Chairman of the CPPCC Shenzhen Jiang Jianjun attended the meeting.
Chairman Dr. Bryan Lin has been leading Realord Group to develop it business with high qualiy, and meanwhile insisting to make contribution to Shenzhen, Hong Kong, and even the PRC. The group actively participates in urban renewal projects on multiple plots of land in Shenzhen, devotes itself to the construction of affordable housing, and at the same time has made numerous donations to charity funds and actively combated the epidemic. Chairman Lin Xiaohui has also participated in patriotic activities for Hong Kong.
Chairman Lin Xiaohui said: It is a great honor for me to receive the "Shenzhen May 1st Labor Medal". This is a recognition from Shenzhen Municipal Party Committee and Municipal Government and Shenzhen Federation of Trade Unions to me and Realord Group, and it will also be a higher requirement and expectation. So I will continue to promote and practice the spirit of labor and craftsmanship, continue to forge ahead so as to contribute to Shenzhen's construction of a pilot demonstration zone of socialism with Chinese characteristics and an urban example of a modern and powerful socialist country.
CCTV interview: Dr. Bryan Lin says Improving Hong Kong's electoral system and the policy of patriots administering Hong Kong can be implemented
Recently, the Standing Committee of the National People's Congress aproved amendments to Annex I and Annex II of the Hong Kong Basic Law to systematically modify and improve the methods for selecting the Chief Executive and the Legislative Council of the Hong Kong Special Administrative Region. "Evening News" on CCTV1, "China News" on CCTV4 and "Global Today" have successively reported "Hong Kong from all walks of life: The PRC Government Improves the Election System to Ensure Hong Kong's Governance".
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Dr. Bryan Lin Xiaohui, member of the Shenzhen Municipal Political Consultative Conference, member of the Standing Committee of the Futian District CPPCC, Vice Chairman of the Shenzhen Federation of Industry and Commerce, Chairman of the Futian District Federation of Industry and Commerce, Chairman of the Hong Kong Taxi Drivers Association, and Chairman of the Realord Group, said:
We, from business sector, agree with the decision of the Standing Committee of the National People’s Congress on the five sectors of the Election Committee. It can better gather opinions across strata and sectors, and take care of and balance the interests of all sectors.
This is a milestone event in Hong Kong. Since then, the policy of "patriots adminstering Hong Kong" emphasized by President Xi can be truly implemented, and Hong Kong has the ballast stone to safeguard national security interests and govern the foundation.
The business community in Hong Kong has a long patriotic tradition. In the early days of the founding of the People’s Republic of China, Hong Kong’s business community actively promoted domestic products and practiced “love the motherland and use domestic products”. After reform and opening-up, Hong Kong’s business community supported the construction of the hometown while also developing itself. Walking with the motherland, the situation in Hong Kong over the past few years has made everyone feel sad. Hong Kong is a traditional industrial and commercial society with a large number of elites in it.
The business community in Hong Kong will continue to participate in the elections and contribute to Hong Kong's return to the road. It has important practical significance for the stability and long-term development of "One Country, Two Systems".
Realord Group announces its 2020 FY Annual Results The Group recorded net profit of HK$892 million
Financial highlights
For the year ended 31 December
HK$ ‘000
2020
HK$ ‘000
2020
Revenue
869,341
828,898
+4.9%
Gross profit
201,103
188,115
+6.9%
Bank balances and cash
1,268,295
585,052
+116.8%
Total asset
16,719,446
12,582,947
+32.9%
Net current asset
3,060,040
2,258,421
+35.5%
Total equity
4,411,574
3,219,290
+37.0%
(Hong Kong, 22 March 2021) – Realord Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) today announced its annual results for the year ended 31 December 2020. During the year, the Group recorded a total revenue of approximately HK$869.3 million, representing an increase of approximately 4.9% as compared to that of the last year of approximately HK$828.9 million. The Group recorded a net profit of approximately HK$892 million while the profit attributable to owners of the Company was approximately HK$885.2 million, and the basic earnings per share was HK61.55 cents
The significant improvement in the Group’s results was mainly attributable to a net gain on fair value changes of the Group’s investment properties of approximately HK$2,463.4 million during FY2020. The significant amount of net gain on fair value changes of the Group’s investment properties was mainly attributable to the appreciation in value of the Group’s property located in Qiankeng Industrial Zone, Longhua District, Shenzhen, of which the approval in principle in respect of the proposed urban redevelopment plan thereon involving a change in land use from industrial to residential use was granted by the relevant government authority in August 2020.
BUSINESS OVERVIEW BY SEGMENT
The Property Segment
In FY2020 the revenue from the property segment recorded a gentle increase to HK$10.9 million, representing a year-on-year increase of 3.0%
The Property Segment recognized a significant growth in segment profit of approximately HK$2,050 million in FY2020
The increase was mainly due to the overall revaluation gain of the Group’s investment properties of approximately HK$2,463.4 million during FY2020. The increase in the fair value of investment properties was mainly attributable to an appreciation in value of the Qiankeng Property
Realord Villas Project: The Group targets to complete the renovation project of a shopping mall and commercial apartment units in the third quarter of 2021. Leasing of the investment properties is underway. Signed tenants included renowned supermarket, chained convenience store, restaurant, pharmacy store, and laundry shop. Potential tenants such as big catering groups are also in talks.
Realord Technology Park: The Group has submitted the application of extension of Phase II of the Realord Technology Park to the related government authorities. Phase I of the Realord Technology Park, is planned to develop along with Phase II when the government approval is granted.
Qiankeng Property (Guan Zhang Electrical Electronic Factory – Urban Renewal Project): The redevelopment plan of Qiankeng Property, in which would be changed from industrial land use to residential use, was approved by the relevant urban renewal bureau in August 2020. The Group has been approved as the authorised developer of the project by the related government authority in January 2021. Demolition of the existing factory and infrastructures has commenced in the first quarter of 2021.
Laiying Garden - Urban Renewal Project: The Group was selected by relevant stakeholders as the market developer of the redevelopment of Laiying Garden. Demolition of the existing site will be commenced in the second half of 2021.
Zhangkengjing Property: The application of changing its land use from industrial to commercial and residential for redevelopment purpose is being reviewed by the relevant government authorities as at the reporting date. Property units are currently used for rental purpose.
The Financial Services Segment
The revenue from the Financial Services Segment reached approximately HK$82.1 million in FY2020, which was doubled from that of approximately HK$40.9 million in FY2019. The segment, which has become one of the main the main business segments that drives revenue growth, recorded an operating profit of approximately HK$6.1 million for FY2020
Realord Asia Pacific Securities Limited took an active role in the primary market in 2020, and participated in 10 IPO projects as joint bookrunner and underwriter and 9 international placing projects.
In regard of its secondary market business, there was significant growth in securities transaction volume, which has led to a favourable year-on-year growth in brokerage fees. A fourfold increase in the number of newly opened securities accounts was also recorded. Meanwhile, strengthened margin financing services has resulted in higher interest income during the reporting period.
For the asset management arm, a new investment fund was launched in the first half of 2020.
The Group will continue its efforts to expand its footprint in the Hong Kong primary and secondary markets, and to enhance the variety of investment products and geographical markets in achieving a more comprehensive portfolio in the year to come. Meanwhile, with an aim to further improve user experience and raise brand awareness, the Group is in the course of optimizing its securities trading software while expanding its sales and marketing force.
The Environment Protection (EP) Segment
During FY2020, revenue from the EP segment was approximately HK$544.1 million
The Group endeavors to broaden its sourcing network, while increase the varieties and markets of its clientele.
The Group is exploring opportunities to conduct business with certain state-owned enterprises in the PRC, and investigating the potential of markets such as Indonesia and the Philippines.
With the operation of its processing plant in Japan on track, the Group expects that higher and more stable sourcing and processing capacity, and greater variety of product offerings could be further achieved. The Group will also look into alternatives particularly when the pandemic recovery takes place, such as deploying additional operation points in Kyushu in Japan, and seeking suitable venue options to develop another processing plant for smelting scrap materials with an aim to further lessen operational costs and improve profitability while sustain growth of the EP business.
The Motor Vehicle Parts (MVP) Segment
The revenue of MVP Segment raised by approximately 48.8% in FY2020 to HK$159.3 million
Following its development strategy to expand the scale of its MVP business, the Group was able to secure sufficient product supplies before the COVID-19 outbreak, hence it succeeded to maintain a stable product supply to retaining old customers while attracting new customers despite the pandemic.
As the Group closely monitored the account receivables turnover, a quicker turnover rate was achieved during the COVID-19 pandemic.
The Group will continue its efforts on increasing MVP sales while maintaining the stability of its procurement network amid the challenges brought by COVID-19 pandemic.
The Commercial Printing Segment
The revenue from the Commercial Printing Segment decreased by approximately 6.6% to approximately HK$72.7 million in FY2020
The Group maintained a marginal operating profit of approximately HK$0.4 million in FY2020
Fundraising activities of small and medium-sized corporates in the capital market were affected and delayed during the COVID-19 pandemic. Number of IPO customers for the Group’s Commercial Printing Segment dropped slightly which has cast certain impacts to the segment revenue and profit during the reporting period. Increasing cost control pressure from customers has also led to slimmer profit for the Commercial Printing Segment.
The Group will continue to evaluate the business segment and implement cost-controlling measures whenever necessary.
The Hangtag Segment
The revenue contribution of the Hangtag Segment to the Group was relatively minimal at approximately HK$0.2 million in FY2020
In view of the sluggish market demand and dim outlook of the Hangtag Segment, the Group will continue to assess the continuity of the business operation in the year to come.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group said that, “We believe that the relatively volatile business environment due to the prolonged pandemic will continue to affect the Group’s businesses to certain extent in 2021. Nonetheless, the Group remains cautiously optimistic towards the post-pandemic rebound as a result of new and stronger initiatives to combat COVID-19 pandemic such as the emergence of vaccines and more stringent controlling measures carried out in different countries. Amidst the potential uncertainties due to the global pandemic and China-US tensions, the Group is optimistics that there are still ample development opportunities for its various business segments in 2021. The Group will continue to adopt a prudent approach in achieving steady business development while exploring suitable strategic investment opportunities with an aim to maximise the returns to its Shareholders.”
Realord Group Wins "Leading 9+2 The Best Real Estate Development Award of Guangdong-Hong Kong-Macao Greater Bay Area"
(March 19, 2021, Hong Kong) Realord Group Holdings Limited ("Realord Group" or "Company", together with its subsidiaries are collectively referred to as "the Group", stock code: 01196.HK) is pleased to announce that Realord Group has won the "Best Real Estate Development Award of Guangdong-Hong Kong-Macao Greater Bay Area".
The first "Leading 9+2" Guangdong-Hong Kong-Macao Greater Bay Area Development Forum and Award Ceremony was held in the morning. The Chief Executive of Hong Kong Special Administrative Region Carrie Lam attended the forum and delivered a speech. The forum invites political and business leaders of Guangdong, Hong Kong and Macao, entrepreneurs, and authoritative experts to participate in the discussion, focusing on the achievements and opportunities of economic development in the Greater Bay Area, looking for business opportunities and cooperation. The forum set up an award ceremony to commend leaders from all sectors who have made outstanding contributions to the development of the Greater Bay Area, so as to inspire people, encourage all walks of life, jointly build the Greater Bay Area.
The award ceremony was jointly organized by the Hong Kong Tai Kung Wen Wei Media Group, the Hong Kong Chinese Enterprise Association, the Hong Kong Guangdong Association of Associations, and the Greater Bay Area Financial Technology Promotion Association. A total of 10 awards were awarded and more than 70 listed companies were awarded.
CCTV interview: Dr. Bryan Lin says the principle of "Patriots Administering Hong Kong" must be fully implemented.
On the evening of March 7th, 2021, CCTV's Xinwen Lianbo reported a section of news named "All walks of life in Hong Kong urgent to improve Hong Kong Special Administration Region(SAR) 's election system and the importance of the fundamental principle of 'Patriots Administrating Hong Kong' implementation", in which had interviewed Dr. Bryan Lin, Member of the Committee of Chinese People’s Political Consultative Conference in Shenzhen, Guangdong Province, Member of the Standing Committee of Chinese People’s Political Consultative Conference in Futian District, Shenzhen, Vice Chairman of Shenzhen Federation of Industry and Commerce (General Chamber of Commerce), Chairman of Shenzhen Futian District Federation of Industry and Commerce (General Chamber of Commerce), Chairman of Taxi Drivers & Operators Association, and Chairman of Realord Group Holdings Limited.
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Lin said, in the past period of time, the anti-China chaos in Hong Kong had colluded with foreign forces and used loopholes in the electoral system to enter the governance structure of the SAR, endangering Hong Kong's long-term stability and national security. It is necessary to keep pace with the times and improve the electoral system as soon as possible. Their conspiracy must not be succeed. This is not only conducive to safeguarding the interests of the people of Hong Kong, but also to safeguarding national sovereignty, security and development interests. The people of Hong Kong all hope for a stable and safe society. Especially as a member from the industrial and commercial sector, I am convinced that only social stability brings economic prosperity. Facts have proved that to maintain Hong Kong's prosperity and stability, we must fully implement the principle of "Patriots Administering Hong Kong". Only do patriots govern Hong Kong well. Improving the electoral system of the Hong Kong Special Administrative Region is beneficial to Hong Kong and conforms to the long-term interests of both People's Republic of China and Hong Kong.
Realord Group & Realord Asia Pacific Securities Win “Outstanding Diversified Integrated Enterprise 2020” and “Outstanding Securities Services 2020” of “Quamnet Outstanding Enterprise Awards“
(February 25, 2021 - Hong Kong) Realord Group Holdings Limited (“Group” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 01196.HK) is honored to announce Realord Group and Realord Asia Pacific Securities Limited (“Realord Asia Pacific Securities”) are respectively awarded “the Outstanding Diversified Integrated Enterprise 2020” and “Outstanding Securities Service Development 2020” of “Quamnet Outstanding Enterprise Awards“ (“QOEA”).
Dr. Bryan Lin, Chairman of Realord Group, said, “We are honored to win two “Quamnet Outstanding Enterprise Awards” given by Quamnet. We sincerely thank the industry who supports and affirms Realord Group and Realord Asia Pacific Securities’ efforts and performances over the past year. Looking forward, we see both challenges and opportunities, the Group will continue to strike and uphold the corporate philosophy of ‘innovative development and the pursuit of excellence’, optimize the operation management and resource allocation of our business segments, namely property investment, financial services, environmental protection, and vehicle parts, so as to enhance the company value for our shareholders actively.
Realord Group Holdings Limited Chairman Dr. Byran Lin
Realord Asia Pacific Securities Limited Chairman Mr. Michael Chan
About Quamnet Outstanding Enterprise Awards
The Quamnet Outstanding Enterprise Awards, launched since 2009 by Quamnet, a leading financial website in Hong Kong, not only focuses on the financial field, but also the accomplishments of Hong Kong industries. The "Quamnet Outstanding Enterprise Awards (QOEA)" was designated to identify and highly praise the excellent performance of Hong Kong enterprises.
Formed by the Quamnet editorial team, Quam research team, and independent financial analysts, the judging committee of QOEA appraises and picks the best representative enterprises on eight categories, namely excellent products and services, brand reputation, philosophy of operation, marketing strategies, sustainable development strategies, accomplishments, corporate social responsibility and unique business philosophy or development.
Realord Chairman Dr. Bryan Lin wishes you a Happy Chinese New Year 2021
The Year of the Ox is coming. On behalf of Realord Group, I would like to express my sincere greetings and festival wishes to everyone at such a wonderful moment.
2020 was an extraordinary year. In face of the challenges, Realord staff have been diligent in their works and the support for epidemic prevention. Their outstanding performances were really satisfactory.
2021 is the Group’s 16th anniversary. In the past 16 years, we have put efforts in moving forward and actively encountering to various opportunities and challenges. Realord has grown from scratch and achieved multiple blossoms in various business segments such as environmental protection, financial service , property investment as well as vehicle parts.
We are grateful that the era has given us a superior development environment and chances, and all these achievements are attribute to all Realord staffs' efforts. I would like to take this opportunity to show my heartfelt gratitude and respect to all of our hard-working colleagues and friends who care and support the Realord!
Time changes and our dream will come true. As the beginning of the "14th Five-Year Plan", 2021 will also be a crucial year for Realord Group's development and innovation. Hopes, opportunities and challenges coexist. We must start our new journey, forge ahead and overcome the difficulties, writing a new chapter for the Group's next fifteen years development!
Finally, wish you a happy Chinese New Year. Thank you!
Realord Chairman Dr. Bryan Lin Wins “Advanced Individual” of “Shenzhen Futian Mangrove Award”
(November 26, 2020 - Shenzhen) 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 Chairman Dr. Bryan Lin, Xiaohui won “Advanced Individual” of “Shenzhen Futian Mangrove Award”.
Organized by the Shenzhen Futian District Committee and the District Government, the Shenzhen Futian Mangrove Award” ceremony was held in the TV studio of Shenzhen Broadcasting Group. 30 “Advanced Collectives” and 60 “Advanced Individuals” were awarded in the ceremony.
This year marks the 30th anniversary of the establishment of Futian District. The Futian District Committee and the District Government debuted the "Mangrove Award" to commend both advanced collectives and individuals, to showcase the outstanding achievements of Futian District among 30 years of reforms and development, and to inspire the people of Futian District with the exemplars to carry forward the spirit of the Shenzhen Special Economic Zone, to promote the construction of "Dual-Zone Construction", "Six First-Demonstrations" and "Six Model Urban Areas".
Dr. Lin Xiaohui, Chairman of Realord Group, said: "It is my honor to receive this award, as a recognition of my works of member of the Standing Committee of the Futian District CPPCC and Chairman of the Futian District Federation of Industry and Commerce so far. As this year is also known as the 40th anniversary of Shenzen, and the 30th anniversary of Shenzhen Futian District. I will keep contributing to Shenzhen as return with higher starting point, level and goals, as much as I can. "
