Press Release
Realord Group Gives 20,000 Disinfectant Sprays To Support Hong Kong 18,163 Taxis
(March 11, 2020 – Hong Kong) Realord Group Holdings Limited (“Realord” or the Group, stock code: 01196.HK) is pleased to announce that Dr. Bryan Lin Xiaohui, Chairman or Realord Group donated 20,000 disinfectant sprays to Taxi Drivers & Operators Association (“TDOA”), to help taxi drivers. Those supplies will be provided for the 18,163 taxis in Hong Kong.
Witnessed by Mr. Fung Zhiyong, Director of Youth Work, Liaison Office of the Central People's Government, on behalf of TDOA, Mr. Yue Yi, Chief Advisor of TDOA, Mr. Wong Yifeng, Council Chairman of TDOA officially received the donations from Realord Group.
In addition to the donation ceremony, TDOA demonstrated the process of installing a disinfectant spray in a Taxi at one Sinopec LPG filling station in Kwun Tong, and briefed about the related services that could be provided in each of the distribution points.
The twelve distribution points created by TDOA will be located in ECO and Sinopec LPG filling stations in Hong Kong, Kowloon, and the New Territories Districts, where the disinfectant sprays will be given to 18163 taxis.
Dr. Bryan Lin Xiaohui, Chairman of Realord Group, Chairman of Lin Xiaohui Foundation Limited, and Chairman of Taxi Drivers & Operators Association expressed, “I am honor on behalf of Realord Group and Realord Asia Pacific Securities Limited to donate 20,000 disinfectant sprays to TDOA, helping the taxi drivers and taxi industry to fight against the coronavirus epidemic. After that those sprays were installed, I hope the passengers could feel comfort and continue using taxi services, to raise our awarenesses on hygiene. Every cloud has a silver lining. We must unite together to overcome difficulties. ”
Realord Group Gives 100,000 surgical face masks to Taxi Drivers & Operators Association
In views of the Coronavirus outbreak, the Hong Kong citizens have reduced outings which has been affecting the taxi industry, and particularly a hardship for those taxi drivers who have insufficient surgical masks and other protective supplies,
To help those taxi drivers, Realord Group Holdings Limited (Realord Group), China Resources Holdings Co. Ltd, Industrial and Commercial Bank of China (Asia), China Mobile International Limited have lent a helping hand and donated materials to Taxi Drivers & Operators Association (TDOA).
On February 16, Realord Group donated 100,000 surgical masks to the TDOA. On February 18, Dr. Li Feng, Chairman & Chief Executive Officer of China Mobile International Co., Ltd, Chairman of China Mobile Hong Kong Company on behalf of China Mobile donated the masks and other preventive supplies to the TDOA. On February 25, Wu Long, Vice Chairman of Commercial Bank of China (Asia) Co., Ltd visited TDOA and donated 200,000 Hong Kong dollars. On February, Zhu Bairu, the Director of China Resources Group donated more than 5,000 hand sanitizers to TDOA, and those sanitizers will be installed in the passenger compartment of the taxis in Hong Kong.
Dr. Bryan Lin Xiaohui, Chairman of Realord Group, Chairman of Lin Xiaohui Foundation Limited, and Chairman of Taxi Drivers & Operators Association expressed, “We hope to donated these masks to help taxi drivers and even the Hong Kong citizens. Thank you for the enterprises who kindly and generously donated materials and money to TDOA to help taxi drivers’ livelihoods. We must work together to overcome the difficulties and fight against this epidemic!”
Realord Group donated 100,000 surgical masks to TDOA. Chen Lin, Minister of Youth Work, Liaison Office of the Central People's Government witnessed the donation.
China Resources Group donated more than 5,000 hand sanitizers to TDOA
Commercial Bank of China (Asia) Co., Ltd donated 200,000 Hong Kong dollars to TDOA
China Mobile also donated surgical masks to TDOA
Realord Group Offers Longhua Lessees Rent Reduction
In response to support Shenzhen Municipal Government to resist the outbreak of Coronavirus at this critical moment, Realord Group Holdings Limited (“Realord Group” or the “Company”) has decided to offer tenants a rent reduction of the two industrial properties located in Shenzhen Longhua District according to the delay work resumption period.
People’s Government of Guangdong Province has initiated a first-level public health emergency response mechanism, and published the notice to delay the resumption of work and school to after February 9.
In views of the fact that the lessees of Guan Zhang Industrial property and Zhangkengjing property are the manufacturing enterprises with a large number of employees, and the current severe epidemic situation may influence to those enterprises to a certain extent. In order to further support to them for precaution, Realord Group decided to exempt tenants’ rents during the period from February 1, 2020 to February 9, 2020.
The precaution is a must. As a public listed company, Realord Group definitely fulfils its corporate social responsibility, and proactively responds to the Government’s request, and is willing to contribute to the economic and social development in Longhua District, so as to overcome the current difficulties.
Realord Chairman Dr. Bryan Lin wishes you a Happy Chinese New Year 2020
The Lunar Chinese New Year is coming. On behalf of Realord Group, I would like to express my sincere blessings and festival wishes to all of our staff and their family, the leaders and shareholders, and the one who always cares about our Group. Happy New Chinese Year to all of you! This is also the fifteenth anniversary of our group since establishment. Looking back these years, Realord have gone through with persistence and extraordinary.
We rolled up our sleeves and work hard to earn remarkable results and achievements. We became a listed company on the Hong Kong Stock Exchange and were included in the Shenzhen-Hong Kong Stock Connect, which has won widespread attention and recognition in the capital market. Nowadays, the Group’s diversified business segments such as environmental protection, financial services, property investment and vehicle parts are growing and blossoming.
Forge ahead and be grateful. Those achievements were attribute to staff’s efforts and wisdom, guidance from the leaders and the support of our shareholders. I would like to express my sincere gratitude and respect to every one of you.
Don’t forget our original aspiration and live it to the full. In the new year, challenges and opportunities exist with dreams and hopes. To face the new situations, challenges and chances head-on, we must continue to forge ahead and to move further steadily, to pursue the new era of dreams. Wish you a Happy Chinese New Year! Thank you all!
Realord Group Wins ListCo Excellence Awards 2019
Jointly hosted by Hong Kong media AM730, PR ASIA Consultants Limited, and PhoenixNet Hong Kong Stocks, "ListCo Excellence Awards 2019" was held at Shangri-La Hotel, Kowloon in the afternoon. 22 outstanding listed companies, including Realord Group Holdings Limited, won the award.
After receiving the trophy, Realord Group Holdings Limited Chairman, Dr. Bryan Lin said, "Thank you for the organizers and the judging committees, for holding this award ceremony, and we, the Group, is really honored to receive this ListCo Excellence Awards. We have been adhering innovative development and the pursuit of excellence. Not only does this award represent the industry's recognition and affirmation, but also an encouragement to our Group. We will grasp the development, advantages and opportunities of the Guangdong-Hong Kong-Macau Greater Bay Area and Shenzhen as a pioneering demonstration zone in PRC. We will continue to aim for the best interests for the investors and shareholders as goal, to create returns with performance at our best, and actively to contribute to the society."
Executive Director of Research at Kingston Securities Mr. Dickie Wong (left) & Realord Group Holdings Limited Chairman Dr. Bryan Lin (right)
Realord Group Holds the first Reverse Roadshow in Realord Villas
On the 4th November 2019, Realord Group Holdings Limited (“Realord Group” or the “Company”) organized a first reverse roadshow in Realord Villas, more than ten participants including the executives from investment institutions and stock analysts took part in this activity.
Realord Group Chief Financial Officer & Company Secretary Justin Chan, Realord Commerce Group Chairman Dr. Yulai, and General Manager Lo Xinwen arranged meeting and site visit.
During the meeting, the Realord Commerce Group Chairman Dr. Yulai and General Manager Lo Xinwen introduced about the market positioning and the future strategic planning of Realord VCity, a shopping mall in Realord Villas, having in-depth discussion with the participants.
Realord Commerce Group Chairman Dr. Yulai said, “We are very grateful to those participants from Hong Kong who take their treasure time to attend our reverse roadshow. Marked as “community shopping center”, Realord VCity is the Group’s current signature commercial project. On the basis of the traditional business model of the plaza, we pay more attention on the customers’ needs and their cultural aspects, we hope we could customize the shopping center that satisfy the target customers, residents of Realord Villas and the residents nearby. It is expected that tenants will station in our shops and shopping mall in the first half of 2020.”
The reverse road show was praised by the participants. The Group will continue to actively respond to investors' needs, to organize activities through different channels, and to maintain close communication with the capital market.
Dr. Bryan Lin Becomes Chairman of Taxi Drivers & Operators Association and Chief Honorary Chairman of Full Caring Foundation
On 17th September, 2019, the 3rd Inauguration Ceremony of the Taxi Drivers & Operators Association (“TDOA”) Board of Directors and the 2nd Inauguration Ceremony of Full Caring Foundation Board of Directors were held at Kowloon Bay International Trade & Exhibition Centre.
Being Chairman of Taxi Drivers & Operators Association and Chief Honorary Chairman of Full Caring Foundation, Dr. Bryan Lin Xiaohui, Chairman of Realord Group Holdings Limited, also known as Shenzhen CPPCC Member, Member of the Standing Committee of the Shenzhen Futian District CPPCC, Chairman of Shenzhen Futian District Federation of Industry and Commerce attended the ceremony and also served as an official guest.
For the former part of the ceremony, granted by an official guest Ms Mable Chan, JP, the Commissioner of Transport, HKSAR Government, Dr. Bryan Lin received the appointment certificate of serving as Chairman of Taxi Drivers & Operators Association while Mr. Wong Yifeng was appointed as Board Chairman. During latter part of the inauguration, granted by another official guest Ms. Regina Ip Lau Suk-yee, GBS, JP, Member of the Legislative Council and Executive Council of HKSAR, and Chairman of the New Democratic Party, Mr. Wang Liping was appointed as Chairman of Full Caring Foundation, Mr. Yue Yi as Executive Vice Chairman, Dr. Bryan Lin as Chief Honorary Chairman and Mr. Wong Yifeng as Vice Chairman.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses, “it’s a great honor and pleasure for me to attend this ceremony, serving as the Chairman of Taxi Drivers & Operators Association and Chief Honorary Chairman of Full Caring Foundation. We, the fellows of TDOA will definitely adhere our mission to help each other and to serve the community, so as to help the disadvantaged, to support charity, and to create a beautiful and harmonious society ”
Revenue growth of 83.1% to HKD$403M
(August 30, 2018 - Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company”, together with its subsidiaries collectively known as the “Group”, stock code: 01196.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2019 (“the Period” or “1H2019”).
During the period under review, the total revenue increased to HK$403 million, representing an increase of 83.1% as compared to HK$220 million in the 2018 interim results ("1H2018"). The revenue was mainly contributed by the Environmental Protection Segment (“EP Segment”), the Motor Vehicle Parts Segment (“MVP Segment”) and the Commercial Printing Segment. The EP Segment contributed approximately 72.4% of the total revenue of the Group, the MVP Segment approximately 12.6% and the Commercial Printing Segment approximately 10.1%. The remaining part was contributed by other segments of the Company
The EP Segment
As a major revenue stream of the Group, the EP Segment generated revenue of approximately HK$292.1 million in 1H2019, representing a significant increase of approximately 156.7% as compared to that in 1H2018.
Since the tightening control policy of the imports of scrap materials (the “Policy”) promulgated by the government of the PRC in the second quarter of 2018.
The EP Segment will continue to be one of the major revenue streams of the Group and in view of the promulgation of the Policy, the Group expects that the major drivers of the EP Segment would be the Malaysia’s operation and the Japan’s operation. The Group will continue to explore the feasible delivery and processing options from Malaysia and Japan and it is the Group’s target to commence the local sales in Japan through the leased processing plant in Osaka.
The MVP Segment
The MVP Segment generated the second largest revenue to the Group in 1H2019, amounting to approximately 12.6% (i.e. HK$50.7 million) of the total revenue of the Group. The MVP Segment has a slight increase of revenue of approximately 9.2% in 1H2019 which was mainly attributable to the increase in sales to the wholesale customers.
The Group’s strategy as to the MVP Segment is to continue to focus on the wholesale business of the motor vehicle parts, as well as sales on online platform and the automobile sales service shops located in the PRC. The existing customers of the Group are mainly from Guangzhou, and the Group will start to explore other business opportunities in other provinces of the PRC.
The Financial Services Segment
The Financial Services Segment generated a revenue of approximately HK$14.0 million, representing 3.5% of the total revenue of the Group during the 1H2019. The revenue from this segment increased by 182.3% as compared to 1H2018. The increase in the revenue of Financial Services Segment was mainly attributable to the consolidation of revenue generated by Optima Capital since completion of acquisition in April 2019, which enables the Group to provide more comprehensive financial services to its customers and thus improves the segment results during the period under review.
In April 2019, the Group completed its acquisition of 60% issued share capital of Optima Capital, which is a corporation licensed to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 6 (advising corporate finance) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and is principally engaged in provision of corporate finance advisory services in Hong Kong. The Group believes that the acquisition strengthens the Financial Services Segment of the Group in Hong Kong and it facilitates the Group to build an one stop financial service platform with good branding and market positioning.
The Commercial Printing Segment
The Commercial Printing Segment contributed a revenue of approximately HK$40.7 million, which represented 10.1% of the Group’s total revenue during 1H2019 and a decrease in revenue by 9.3% as compared to approximately HK$44.9 million in 1H2018. The operating profit decreased from HK$2.1 million to HK$0.7 million. Both decline in segment revenue and operating profit were resulted from the negative sentiment of the capital market which stagnated the merger and acquisition and fundraising activities during the period under review.
Contemplating the continuous competition for the Commercial Printing Segment over the years, it is expected that the competition in the market will hinder the Group to pass the inflating operating costs to customers in coming years and this will limit the profit margin for the Segment in the foreseeable future.
The Directors will keep reviewing and assessing the risks, benefits and prospects thereof along the operations.
The Hangtag Segment
The Hangtag Segment generated a revenue of approximately HK$0.2 million, representing 0.1% of the Group’s total revenue. The segment revenue decreased by 52.2% from approximately HK$0.5 million for 1H2018 to approximately HK$0.2 million for 1H2019. The operating loss derived from this segment was relatively minimal during the period under review and the last corresponding period.
The Property Investment Segment
The revenue of the Property Investment Segment was mainly generated from the rental income of the Group’s investment properties. In 1H2018, the Group generated aggregate rental income of approximately HK$9.8 million.
In 1H2019, to facilitate the approval process by the Development and Reform Commission (發展和改革委員會) and other government authorities in relation to the Group’s application made for urban redevelopment of the Qiankeng Property from industrial use to public housing and residential use, the Group had terminated the lease agreement of the subject property for setting up the development projects (立項) in this regard. Due to the termination of the lease, the revenue generated from this segment decreased from HK$9.8 million to HK$5.7 million.
Apart from this, the Property Investment Segment generated a profit of approximately HK$304.6 million in 1H2019, representing a slight decrease of approximately 13.9% as compared to that in 1H2018. This was mainly attributable to the increase in finance costs arising from the bank borrowings for financing the Acquisition of approximately HK$117.7 million, offset by the increase in the fair value gain on the investment properties of HK$91.5 million.
The Group considers that this acquisition would further diversify the Group’s portfolio of investment properties and strength the Property Investment Segment. In addition to this, the Group holds other investment properties including but not limited to that in Realord Villas in Gualan District and that in Guangming High-Tech Zone – East District, Guangming District. Both investment properties are located in direct administrative districts which had been designated for speedy economic development by the local PRC governments. It is expected that the growth engine for the development of these two districts will be the investors within Shenzhen City or from other regions of the PRC. The Group is optimistic to the property market in these two districts and in view of this, has engaged a consultant to establish a bespoke rebranding strategy and refurbishment plan for its investment properties.
The Group has initiated works to enable the redevelopment of the Qiankeng property and the Zhangkenjing property for more than a year. The Zhangkenjing property was acquired by the Group in September 2015. In February 2017, the Group has made an application to the PRC government authority to change the land use of the Zhangkenjing property from industrial use to residential apartments and office use for redevelopment purpose. In accordance with the notice from the government authority, the application is being processed and reviewed by the relevant authorities and is still under review as at the reporting date. The Qiankeng property was acquired by the Group in June 2016 and the application for urban redevelopment of the Qiankeng property from industrial use to public housing and residential use was also made to 深圳市龍華區城市更新局 (Shenzhen Longhua District Urban Renewal Bureau) in May 2017. It was noted that the Qiankeng property has been included in the relevant urban renewal bureau’s announcement regarding the proposed urban redevelopment plan for the Longhua District of 2019. The Company is uncertain about when the approvals will finally be granted but it expects that it should be granted in second half of 2019, subject to government schedules, and thereafter the redevelopment works will commence. The Group has also obtained consents from local residents regarding another redevelopment plan located in Nanshan District, Shenzhen
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “Given that the recent reform plan to make Shenzhen as a model city promulgated by the Government of the People's Republic of China on 18 August 2019, the Group believes that it is absolute a golden opportunity to the Shenzhen enterprises as well as Realord Group. Thus, we are confident in maintaining a momentum to our business in the future in order to make more attractive returns to our shareholders.”
