Press Release
Realord Chairman Dr. Lin Xiaohui Wins Asian Chinese Leadership Award
(September 27, 2016 - 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. Lin Xiaohui, Chairman of the Group has won an “Asian Chinese Leadership Award”.
Dr. Bryan Lin, Xiaohui, Chairman of the Group, said: “Being supported by the organizer and judging panel I am so honored to win this award. Let me take this chance to express my gratitude to all of the staff, clients, partners, shareholders of the Group and all social communities for their long-term support.”
Dr. Bryan Lin (left) Chairman of the Group and Prof. Kurt Wüthrich (right), an owner of The Nobel Prize in Chemistry in 2002
Dr. Bryan Lin was interviewed by the organizers to express his feelings after being awarded
Realord Group Chairman Dr. Bryan Lin (left), and Chief Executive Officer Madam Su Jiaohua (right)
“Nobel Laureate Series: Social Caring Pledge Scheme cum Asian Chinese Leadership Award Presentation Ceremony”, jointly organized by Social Enterprise Research Institute and Asian College of Knowledge Management, was held at Kowloon Shangri-La Hotel. Around 300 politicians and business leaders attended to this ceremony.
It aims to commend Chinese business leaders from all social communities for their contributions and achievements to Asia’s society, culture and economy. After judging panel’s strict examination and approval, all winners will be invited to participate the award ceremony and allocated to a collection “Asian Chinese Leaders” which is co-published by Asian College of Knowledge Management, The Open University of Hong Kong and Hong Kong Economic Times. There are total 36 owners of Asian Chinese Leadship Award. Dr. Bryan Lin and 10 of the owners are classified as the group of corporate.
For more details of Asian Chinese Leadership Award, please refer to:
http://www.ackm.hk/whoswho/leader_files_v1.php?id=306
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Realord Group Achieves Turnaround in profit for 2016 Interim Results
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 2016 (the “Period”). The Group’s results achieved turnaround from loss of approximately HK$9.9 million for the last corresponding period to profit of approximately HK$81.7 million for the Period.
2016 Interim Results
(HK$’000)
For the six months ended 30 June
Changes (%)
2016
2015
Turnover
92,844
77,335
+20.1%
Gross profit margin
44.9%
41.3%
+3.6%
Profit/(Loss)
81,689
(9,873)
From loss to profit
Profit/(Loss) attributable to the equity holders
81,689
(10,085)
From loss to profit
Profit/(Loss) per share(HK Cent)
7.08
(1.03)
N/A
*During the period, as a result of the completion of the acquisition of the properties situated at Qiankeng Industrial Zone, Fumin Community, Guanlan Town, Baoan District, Shenzhen, the PRC, figures for the last corresponding period were restated. accordingly.
During the Period, the Group recorded a turnover of approximately HK$92.8 million, representing an increase by 20.1% year-on-year (“YoY”). The increase in the turnover of the Group was primarily due to the increase in the turnover from the motor vehicle parts segment, the financial services segment and property investment segment.
Gross profit margin of the Group increased from approximately 41.3% for the last corresponding period to approximately 44.9%, which was due to the increase in revenue from the financial services segment and property investment segment, which comprised service income, margin interest income and rental income. During the period, the results achieved turnaround from loss to profit, and recorded approximately HK$81.7 million of profit. The profit per share was HK7.08 cents.
The increase in profit attributable to the equity holders was mainly due to the fair value gain on investment properties amounted to approximately HK$176 million, which was partly offset by the related deferred taxation of the fair value gain of approximately HK$84.9 million and also the increase in corporate expenses.
Business review
During the Period, the motor vehicle parts segment recorded a revenue of approximately HK$38.8 million, representing 41.8% of the total revenue of the Group. The segment revenue noted a significant increase by 73.2% YoY. The profit from this segment wasapproximately HK$0.9 million in the last corresponding period, and reached HK$1.7 million during the period.
During the period, the commercial printing segment recorded a revenue of approximately HK$38.4 million, representing 41.4% of the total revenue of the Group. There was a slight increase in segment revenue of 3.6% as compared to that in the last corresponding period.
In terms of the Property Investment Segment, in June 2016, the Group completed the acquisition of the properties situated at Qiankeng Industrial Zone, Fumin Community, Guanlan Town, Baoan District, Shenzhen, the PRC, which is a paramount step of the Group to evolve the real estate development business. The Property Investment Segment recorded a revenue of approximately HK$5.9 million during the period, representing 5.9% of the total revenue of the Group. Due to the increase of fair value gain on investment properties, the profit from this segment increased drastically to approximately HK$179.1 million during the period.
The Financial Service Segment recorded a revenue of approximately HK$5.3 million during the period, representing 5.7% of the total revenue of the Group. Besides, the Group had entered into an agreement with 5 other joint venture parties to set up a JV securities company to carry out securities businesses in the PRC, which can help the Group to expand its securities services business and to enable the Group to exchange its business network and relationship in the PRC, and hence to gain a foothold in the PRC market.
The Hangtag Segment recorded a revenue of approximately HK$4.8 million during the period, representing 5.2% of the total revenue of the Group. The segment revenue remained in similar level as the last corresponding period.
Outlook
The operating environment of the commercial printing and hangtag businesses will continue to be competitive in the coming years. The Group shall strengthen its business development team to achieve sales growth and increase market share. The Group is in the process to set up the PRC operations of motor vehicle parts segment in Guangzhou. We expect that the PRC operations will effectively contribute to the business expansion of the sales and distribution of motor vehicle parts business.
The Group is in the process to develop the financial services business, which would provide financial services including securities brokerage, margin financing, money lending and financial leasing services. With the upcoming launch of the Shenzhen-Hong Kong Stock Connect Scheme, the preferential government policies and the establishment of the joint venture(i.e. “Yuegang Securities Company Ltd”), we believe the Group would sustain a long term growth in the financial services business.
Looking forward, the Group will strike to explore for any potential real estate development or property investment opportunities. For the purpose of sustaining long term growth, we will also keep on exploring all potential opportunity to develop its businesses.
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Realord Chairman re-elected as the 2nd term Vice president of Shenzhen Futian Charity Community
Realord Group Holdings Limited (“Realord” or the “Company,” stock code: 1196.HK), is pleased to announce that Dr. Lin Xiaohui, Chairman of the Group and Chairman of Shenzhen Realord Technology Holdings Limited, has been re-elected as the second term vice president of Shenzhen Futian Charity Community (SFCC).
The second general meeting of member’s representatives and the first meeting of the second term council of Shenzhen Futian Charity Community (SFCC), was held at 4th Floor of Futian Government Building in the afternoon on 23rd August, hosted by Mr. Ceng Qingxiang, Secretary of Futian District Civil Affairs Bureau, and the Shenzhen leaders including Mr. Xiao Yafei, Futian District Party Secretary, Mr. Gao Shingyuan, Head of Futian District and Deputy Secretary, Mr. Chen Zhixin, Chairman of CPPCC of Futian District, Yu Zhisheng, Deputy Secretary, Ms Hunag Manngo, Deputy Head of Futian District, and Mr. Liao Yuanfei, Secretary of Futian District Civil Affairs Bureau participated to the meeting.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, said: “SFCC has been established for eight years. Its achievement has been well recognized. I hope for more organizations to participate in our large events to jointly promote the virtue of charity.”
SFCC was founded on 19th June, 2008, adhering to the mission of “Helping the aged, the orphaned, the poor and the needy”. It strives for promoting the charity culture, continuously integrates charity resources and expands fund-raising channels so as to support the multiple charity services which include the development of higher education subsidies, distribution of living allowance to the former infrastructure engineering soldiers, and setting up of “Loving care supermarket” and “Charitable Supermarket”.
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Realord Group Selected as Constituent Stock of Hang Seng Family of Indexes
(August 15, 2016 - Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” stock code: 1196.HK), is pleased to announce that the Company has been selected as a constituent of the following Hang Seng family of indexes, with effect from September 5, 2016 (Monday).
Hang Seng Global Composite Index (“HSGCI”)
Hang Seng Composite Index (“HSCI”) Series:
- Hang Seng Composite Index- Hang Seng Composite MidCap & SmallCap Index ("HSMSI") - Hang Seng Composite SmallCap Index ("HSSI")- Hang Seng Composite Industry Index – Consumer Goods & Services Index ("HSCGSI")
HSCGSI is one of the thematic indices of HSCI, and was launched in August 2015. It aims to reflect the overall performance of stocks listed in Hong Kong that are related to consumer goods and services sector.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group said, “being selected as a constituent of the Hang Seng family of indexes reflects a high recognition of the Company’s good performance since going public and its industry position within the capital markets. It also demonstrates investors’ full confidence in our enterprise value and liquidity, which is favorable to diversifying the Company’s shareholder base. Looking ahead, we will diligently focus on our business development and generate more returns for our clients, employees and shareholders that always provide support for us.”
The Indexes, managed by the Hang Seng Indexes Company Limited, select and represent listed companies that meet market capitalization and turnover screening requirements for a better reflection of the performance of the Hong Kong capital market. For more information on the Hang Seng Indexes, please visit http://www.hsi.com.hk/HSI-Net/HSI-Net.
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Realord Group wins "2015's Charity Star" Award in Shantou City, PRC
In the afternoon on 30 June, the Shantou municipal government held a "Helping the poor in Guangdong 2016 " launch event in the Municipal Hall Conference Center, mobilizing the community to help the less privileged. Realord Group was invited to attend to this event, and it sent representatives to receive the award "2015's Charity Star in Shantou City" issued by the Shantou government.
Since 2010, State Council of PRC officially announced the date on June 30 each year as the day of "helping the poor in Guangdong", encouraging every cities in Guangdong to support charity events. This event has been greatly supported by the community and with keen participation. So far, Shantou City has received donations up to 35 billion yuan which has been known as one of the biggest amounts of the donation, comparing to other cities in Guangdong province. On the launching ceremony, Chen Liangxian, the Secretary of Shantou Municipal Committee, Liu Xiaotao, the acting mayor of Shantou and other city leaders granted the awards of "charity star" to 34 units or individuals including Realord Charitable Foundation Limited, to show respect and glory.
Dr. Lin Xiaohui and Su Jiaohua, the founders of Realord Group are enthusiastic in charity events. In January 2015, they established "Realord Charitable Foundation Limited" in Hong Kong, and generously donated the amounts to help support facilities and community construction in their hometown Chaoyang. In January 2016, Lin and Su donated HK$1.5 million for roads and bridge repairing and construction and later 888,888.88 yuan to support community construction; in March 2016, they donated 145,000 yuan for Security Council to buy motorcycles in assistance to the duty work.
Dr. Lin was grateful to the Santou Government and relevant units for giving the Group such award, and said that he and his group would continue to shoulder the responsibility to promote charity, so as to foster community development and to help the less privileged.
Chairman of Guangdong Yuechai Investment Holdings Limited visited Realord Group
On the 17th June, Yang Rungui, Chairman of Guangdong Yuechai Investment Holdings Limited ("Guangdong Yuechai") & Secretary of Party Committee, Lin Bo, General Manager & Vice Secretary of Party Committee, and the senior executives of Guangdong Finance Investment International Co. Limited visited the headquarters of Realord Group Holdings Limited (HKEx stock code: 1196), having a meeting with Dr. Lin Xiao hui, the chairman of the Group about the formation of the joint venture securities company in Guangdong province.
During the meeting, Yang introduced the status quo and operation of Guangdong Yuechai to Realord Group leaders, and expressed that he and his team would know more about Realord Group’s business after this visit in order to strengthen mutual contacts and communication. Yang also hoped that the cooperation between Guangdong Yuechai and Realord Group is not only just limited in the securities brokerage business by operating a joint-venture securities company, but also in many other ways. Dr. Lin expected to have more exchange activities with Guangdong Yuechai in future, so as to promote the financial industry in Guangdong and Hong Kong.
Guangdong Yuechai Investment Holdings Limited is a state-owned enterprise authorized by the Guangdong Provincial People’s Government, engaging in trust banking, credit guarantees, asset management, equity investment, business management, insurances, financial leasing, and etc.
In late May 2016, Realord Group Holdings Limited announced its subsidiary Realord Manureen Securities Limited and five co-promoters including Guangdong Yuechai Investment Holdings Limited, Shenzhen Hongjin Investment Holdings Limited, Baoli Property Management Company Limited, Karl-Thomson Securities Company Limited and Eternal Pearl Securities Company had entered into the Promoters’ Agreement, pursuant to which the parties thereto agreed to set up the Joint-Venture Securities Company named “Yuegang Securities Ltd” with registered capital of 3.5 billion yuan, which will be established in Guangzhou Pilot Free Trade Zone, Nanshan area in the PRC, to carry out securities businesses in China. Realord Manureen Securities has agreed to subscribe for 350,000,000 shares of the JV Securities Company in cash, representing 10% equity interests thereof, at an aggregate subscription price of RMB350,000,000 (equivalent to approximately HK$416,500,000) as Guangdong Yuechai will subscribe for 1,400,000,000 shares and hold 40% equity interests in the JV Securities Company. Despite the written approval has been obtained from the Manureen Holdings Limited, the controlling shareholder of the Group, the date of dispatch of the circular, together with a notice of special general meeting, is expected to be postponed to a date falling on or before 24 June 2016.
Chairman of CPPCC, Futian District, Shenzhen Chen Zhixin visited Realord Group
Chen Zhixin, the Chairman of CPPCC, Futian Shenzhen, He Bing, the Director of Office of CPPCC, Futian Shenzhen, and Zhang Zhonghui, the Deputy Director of United Front Work Department in Futian Shenzhen visited Realord Group Holding Limited (HKEx stock code: 1196) on 29th April. Chairman Dr. Lin Xiaohui, Chief Executive Officer Madam Su Jiaohua and Chief Financial Officer Mr. Tsang Chin Pan, on behalf of the Group, arranged a meeting and touring for the Shenzhen Futian leaders.
During the meeting, Dr. Lin Xiaohui simply introduced the Group's businesses and development. Chen Zhixin and other Shenzhen Futian leaders expressed their concern about the Group's real estate development, especially the indemnificatory housing project 偉祿雅苑"Realord Villas" settled in Longhua New District in Shenzhen. Realord Villas is one of the Largest indemnificatory housing projects set up for enterprise talents in Futian district in Shenzhen. This villas offers 2,016 units which have long been sold out for the enterprise talents in Futian district. It is expected that housing delivery would be done within this year. The Group was in charge of all housing planning, construction contractors and other expenditures while the Futian District Government was responsible for implementing marketing arrangements and housing policy.
Madam Su Jiaohua believed that Shenzhen Municipal Government shall properly lend a hand to the industrial enterprises who were affected by the policy of "Old Land Renewal".
The Group CEO Madam Su Jiaohua believed that the indemnificatory housing projects are beneficial to the urbanization projects of "old land renewal" in Futian District and even Shenzhen. The development of Indemnificatory houses not only solves the problem of inadequate housing supply, but also effectively helps relieve the overcrowding problems and greatly improves citizen's living environment. More important, the enterprises involved in Indemnificatory housing project play a leading role who can solve the financing and other issues on their own, while Shenzhen Government doesn't need to worry about too much, and doesn't allot too much capitals into the projects. The Government only needs to implement the policy and gives assistance to those involved enterprises. However, some of the industrial companies would need to move away or terminate their business due to the "old land renewal". What's more their business operations, production, and earnings would be badly affected, In this regard, the Shenzhen Government had better set up a more sound policies or measures to assist those industrial companies so as to help them address the current operational difficulties, and balance both real estate and industry development during "old land renewal".
Realord Group Chairman Dr. Bryan Lin attended the 9th Inauguration of Endowed Professorships of HKU
On 15th April 2016, “The 9th Inauguration of Endowed Professorships” was held at Loke Yew Hall on the University of Hong Kong. Dr. Bryan Lin Xiaohui, the Chairman of Realord Group Holdings Limited (HKEx stock code: 1196), also the founder of “Bryan Lin Professorship in Paediatric Cardiology”, attended to this ceremony to witness Professor Cheung Yiu-Fai and other nine scholars appointed as Endowed Professors.
Realord Group Chairman Dr. Bryan Lin (right), Vice-Chancellor and President of the University of Hong Kong Professor Peter William Mathieson (middle), and Professor Cheung Yiu-Fai (right)
The "Endowed Professorships Inauguration" was presided over by Dr. Sir David Li Kwok-po, Pro-Chancellor of the University of Hong Kong and Professor Peter William Mathieson, Vice-Chancellor and President of University of Hong Kong. Madam Su Jiaohua, the Chief Executive Officer of Realord Group Holdings Limited also pariticpated to this ceremony. A total of seven additional endowed professors and one visiting professor, including Sophie Y M Chan Professorship in Cancer Research, Li Shu Fan Medical Foundation Professorship in Gastroenterology, Kintoy Professorship in Mathematics Education, Bryan Lin Professorship in Paediatric Cardiology, Lo Shiu Kwan Kan Po Ling Professorship in Pharmacy, Clara and Lawrence Fok Professorship in Precision Medicine, Chan To-Haan Professorship in Urban Planning and Design, and Hung Leung Hau Ling Distinguished Visiting Professorship in the Humanities and Social Sciences.
On Jan 2015, Dr. Bryan Lin donated HK$ 10 million to the Department of Children and Youth Science, University of Hong Kong, establishing a “Bryan Lin Professorship in Paediatric Cardiology” to support a pediatric cardiologist specialist Professor Cheung Yiu-Fai and his research team to promote researches and development related to children’s Paediatric Cardiology in order to nurture more outstanding elites.
“Endowed Professorships” is one of the highest professorship honors given to the distinguished scholars awarded by the University of Hong Kong. Given that the generous contributions were donated by the community leaders, HKU allocated them to establish permanent funds and permanent named professorships, in support to the scholars to lead the way on specific academic fields and to have long-lasting and outstanding contributions in society. “Endowed Professorships” has been advocated and established by the former Vice-chancellor and President of University of Hong Kong since 2005. To date, HKU has established 88 “Endowed Professorships”. The faculties there which have been benefited from “Endowed Professorships” included faculty of Medicine, Engineering, Economics and Business Administration, Architecture, Dentistry, Education, Humanities, Social Science and so on. Six Endowed Professors and four Successive Endowed Professors were appointed in this year’s inauguration ceremony.
Each Endowed Professorship is established with a generous donation of HK$10 million or more which is matched by the University with an equal amount. The interest generated from the $20 million endowment is used to support the respective area of academic excellence. An Advisory Committee ensures the appointments are made in accordance with established university procedures. The Committee members include Dr Raymond K F Ch'ien (Chairman), Professor Kai-Ming Cheng, Dr York Liao, Professor Felice Lieh-Mak and Ms Mary Ma.
