Press Release
TVB Eric Tsang Chi Wai Visits Sincere Department Stores
(July 6, 2021, Hong Kong) Known as a Hong Kong’s famous actor, screenwriter, director, producer, and MC, Deputy General Manager Deputy General Manager (Non-drama, Music Production & Programme) and Special Adviser to the Executive Committee of Hong Kong Television Broadcasting Co., Ltd. (“TVB”, stock code: 0511.HK) Mr. Eric Tsang Chi Wai and Realord Group Holdings Limited (stock code: 1196.HK) and Sincere Company Limited (stock code: 0244.HK) Chairman Dr. Bryan Lin visited Sincere Department Stores in Central and Mong Kok. Dr. Bryan Lin Xiaohui expressed his gratitude to Mr. Tsang and his fellows for the visiting. It is hoped that through this friendly exchange, Realord, Sincere and TVB could in-depth explore cooperation models, effectively utilizing the resource advantages of Realord Group and Sincere in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as the influential advantages of TVB from the media field, being win-win to have better and faster cooperation in both retail and media fields.
Dr. Lin Xiaohui was invited to attend Hong Kong's "One Hundred Years of Great Efforts: A Large-scale Thematic Exhibition Celebrating the 100th Anniversary of the Founding of the Communist Party of China"
(July 3, 2021, Hong Kong) To celebrate the 100th anniversary of the founding of the Communist Party of China (CPC), "One Hundred Years of Great Efforts: A Large-scale Thematic Exhibition to Celebrate the 100th Anniversary of the Founding of the Communist Party of China", organized by the Liaison Office of the Central Committee of the Communist Party of China, the Special Administrative Region Government of Hong Kong (HKSAR), and co-sponsored by the Bauhinia Cultural Group and the National Museum started from 3rd July to 9th July 2021. 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 & Operators Association, Realord Group Chairman Dr. Bryan Lin, Member of the Shenzhen Municipal Committee of the Chinese People's Political Consultative Conference, Huang Yifeng, chief director of TDOA, and Huang Dahai, General Secretary of TDOA, were invited to attend the opening ceremony.
Realord Group Chairman Dr. Bryan Lin said, In the last hundred years, Hong Kong has integrated its own unique experience into the magnificent and epic journey of the struggle of the Chinese Communist Party. In the next hundred years, Hong Kong will certainly play a bigger, stronger and more prominent role.
HKSAR Financial Secretary Paul Chan (left) and Realord Group Chairman Dr. Bryan Lin (right)
From left to right:Realord Group Chairman Dr. Bryan Lin, The Secretary for Security, HKSAR Chris Tang, Member of the Shenzhen Municipal Committee of the Chinese People's Political Consultative Conference, Huang Yifeng, chief director of TDOA, and Huang Dahai, General Secretary of TDOA
CCTV interview: Realord Chairman says Taxi Drivers & Operators Association gives Hong Kong grass-roots taxi drivers heart-warming gifts and blessings
(July 1 2021, Hong Kong) To celebrate Communist Party of China (CPC) turn to 100 and the 24th anniversary of Hong Kong’s return to Chinese rule, a ceremony for a charity activity held by Taxi Drivers & Operators Association ("TDOA") was lauched yesterday in which Song Lai, Vice Minister of Youth Work Department, The Hong Kong Central Liaison Office was officiated and Dr. Bryan Lin Xiaohui, Member of the Shenzhen Municipal Committee of the Chinese People’s Political Consultative Conference (CPPCC), Member of the Standing Committee of the CPPCC of Shenzhen Futian District, Vice chairman of the Shenzhen Federation of Industry and Commerce, Chairman of the Futian District Federation of Industry and Commerce, and Chairman of Realord Group. Wong Yifeng, chief director of TDOA, and Wong Dahai, the general secretary of TDOA , attended the event together. To have better against COVID epidemic, a total of 50,000 "anti-COVID epidemic gift packages" were distributed to the TDOA members.
Realord Group Chairman Dr. Bryan Lin was interviewed by a CCTV reporter and said that TDOA gives Hong Kong grass-roots taxi drivers heart-warming gifts and blessings, to let Hong Kong citizens feel the care and warmth from the CPC and our country.
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CCTV interview: Realord Chairman says all sectors of Hong Kong must work together bring the COVID-19 epidemic under control
On the evening of June 20, "News Room" column "Hong Kong's unemployment rate fell three times in a row" on CCTV13 was reported. Member of the Shenzhen Municipal Committee of the Chinese People’s 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 Shenzhen Futian District Federation of Industry and Commerce, Chairman of Taxi Drivers Association and Chairman of Realord Group Dr. Bryan Lin Xiaohui was interviewed, and said: All sectors from the Hong Kong society must work together to bring the COVID-19 epidemic under control, to create more favorable conditions, and to resume economic and livelihood activities as soon as possible!
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CCTV interview: Dr. Bryan Lin says Improving electoral system passed smoothly and it will be more grounded and representative
In the afternoon of May 27th, the Hong Kong Special Administrative Region Legislative Council has passed the "improving electoral system (consolidated amendments) bill 2021" submitted by the Hong Kong SAR Government and given three readings by the Council. Various sectors from the society said that the PRC government has improved Hong Kong's electoral system which will be more constitutional, legal, and reasonable, and further enhances the quality of democracy in Hong Kong, so that the practice of "one country, two systems" will be more stable and far-reaching.
Dr. Bryan Lin, Chairman of Realord Group and Chairman of Taxi Drivers Association in Hong Kong, told that since the improving electoral system (consolidated amendments) bill 2021 has been passed, implemented the decisions by the Nation People's Congress conscientiously, it will be more grounded and connected with a wide range of the representativeness as various sectors will have higher participation, strengthening the connection between the grassroots and the government with more broad electorate base, and stronger assurance to achieve the principle of "Patriots ruling Hong Kong", which will be smoother and more effective for the future government administration. Since the return of Hong Kong, the internal friction has been severe and social development has been dragged down. Moreover, the economy has been hit hard by violence and Covid-19 epidemic. It is urgent for the whole society to build a consensus on "striving for the economy and the people's livelihood" to get development back on track. Improving electoral system has maintained the constitutional order of the HKSAR as determined by the Constitution and Hong Kong’s Basic Law, assisted Hong Kong in getting out of the “political quagmire”, and implemented economic and people’s livelihood policies smoothly.
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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.”
