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Public company info - Zhuhai Holdings Investment Group Ltd. , 00908.HK
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Zhuhai Holdings Investment Group Ltd., 00908.HK - Company Profile
Chairman Zeng Jianping
Share Issued (share) 1,428,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Conglomerates
Corporate Profile Business Summary: The principal activities of the Group consist of investment holding, the provision of port facilities in Zhuhai, the PRC excluding Hong Kong and Macau, the provision of ferry services between Zhuhai on the one part and Hong Kong and Shekou on the other part, the provision of financial information services and internet financial information intermediary services, the management of a holiday resort, a theme park and an amusement park, property development, the operation of a golf club and trading and distribution of fuel oil. Performance for the year: The Company recorded a net profit attributable to owners of the Company for the year ended 31 December 2019 (“FY2019”) of approximately RMB81,069,000 (FY2018: RMB177,028,000) and a basic earnings per share of RMB5.68 cents for FY2019 (FY2018: RMB12.40 cents). Business Review： 1. Jiuzhou Blue Sea Jet and Blue Marine Tourism 1.1 Jiuzhou Blue Sea Jet During FY2019, based on its “Blue Marine Tourism” strategy, Zhuhai High-speed Passenger Ferry Co., Ltd.* (珠海高速客輪有限公司) (“Ferry Company”, a non-wholly owned subsidiary of the Company) and its subsidiaries (collectively, the “Ferry Group”) proactively sought business transformation and upgrade by leveraging the development of the Guangdong-Hong Kong-Macao Greater Bay Area, the launch of the Hong KongZhuhai-Macao Bridge and Zhuhai’s unique coastal tourism resources, as well as through perseverance and relentless efforts. During the Group’s transition from “traditional maritime transportation” to “maritime transportation + tourism”, it further consolidated its traditional businesses, developed water tourism and advanced its external projects, and actively explored future development opportunities in the Greater Bay Area. 1.2 Blue Marine Tourism The surrounding area, where Zhuhai Jiuzhou Cruises Co., Ltd.* (珠海市九洲郵輪有限公司) (“Jiuzhou Cruises Company”, a wholly-owned subsidiary of the Ferry Company) is located, is affected by the municipal road construction, and a large portion of its parking lot has been occupied, whereby the government has subsequently funded the upgrade of the parking lot, which solved some problems and improved the quality of the reception service of the terminal. With the favorable opportunity arising from the opening of the Hong Kong-ZhuhaiMacao Bridge, Jiuzhou Cruises Company further broadened the Zhuhai-Macau Bay Tourism route. By improving service quality, organizing several festivals and brand promotion, the number of tourists it received had significantly increased. Meanwhile, issues such as shortage of the company’s ship capacity were alleviated through measures such as the construction of two new vessels, leasing, renovation and reconstruction. Jiuzhou Cruises Company actively participated in a large-scale integrated media live event “Set off sailing under the blessings of joyful songs (一路歡歌揚帆起航)” organized and implemented by China Media Group (中央廣播電視總台), with an aim to build a communication platform for both Zhuhai and Macao with high standard service. During FY2019, the total number of tourists that Jiuzhou Cruises Company received was 1,089,200, with a year-on-year increase of 252,900 when compared to 836,300 in the corresponding period of last year, representing an increase of 30.24%. 2. Green Leisure Tourism and Composite Real Estate 2.1 Zhuhai Holiday Resort Hotel At the grand occasion of 70th Anniversary of the founding of motherland, PRC, this also ushers in the salute to Zhuhai Holiday Resort Hotel Company Limited* (珠海度假村酒店有限公司) (“Zhuhai Holiday Resort Hotel”), a wholly-owned subsidiary of the Company, for its 35th anniversary. The hotel was honourably awarded the “Trustworthy Model Enterprise in Guangdong Province” (廣東省誠信示範企業) for thirteen consecutive years, won the award for the “Innovative Enterprise Regarding Zhuhai Enterprise Culture Construction at the 40th Anniversary of China’s Reform and Opening Up”. It also earned the title of “2019 Most Competitive Resort Hotel” at the MICE STAR awarding Ceremony. All such honours and awards have testified to the solid brand positioning and marketing strategies of the hotel. 2.2 New Zhuhai Holiday Resort Hotel Renovation Project (the “New Hotel Project”) In FY2019, Zhuhai Jiuzhou Property Development Limited* (珠海九洲置業開發有限公司) (“JPD”, a wholly-owned subsidiary of the Company), is keen on devising and carrying forth the pre-designed annual blueprint. As such, JPD will strictly monitor the project construction progress, optimize management mechanism, source for diverse capital funding channels, exert stringent control on expenses, whereby a healthy business development is expected. For newly commenced hotel projects, respective renovation works are winding up as refurbishment of public areas are completed, while only fixtures of guestrooms are needed to be installed. Various engineering inspections and acceptances on construction safety are underway in an orderly manner. 2.3 The New Yuanming Palace During FY2019, the New Yuanming Palace Tourist Co., Ltd. of Zhuhai S.E.Z.* (珠海經濟特區圓明新園旅遊有限公司) (the “New Yuanming Palace”) received 3,560,600 visitors, representing a year-on-year decrease of 412,600 visitors, or 10.38%. The New Yuanming Palace carried forth renovation works in phase, including the environmental rejuvenation works at the New Yuanming Palace, and the restoration works at scenic spot, and actively explored the feasibility of transforming land functionality, among others. All such efforts helped lay a solid foundation for promoting planned upgrade and reconstruction works undertaken in the theme park. The New Yuanming Palace plans ahead in promoting the leasing markets within the park’s venue, whereby, a distinct classified expansion plan is carried forth in terms of the business sectors and industries. It particularly targets for school graduation ceremonies and social organizations in its provision of leasing service for such functions and entities. Due to improved service quality, the venue leasing service increased by 44% in the year. Efforts have been made to improve the standard of various research courses, and as such, the student group market witnessed rapid growth. The newly commenced courses have been well received by collaborative partners, schools, and other walks of life, and therefore, this sector contributed promising revenue to the New Yuanming Palace. The New Yuanming Palace also actively explores and expands the market channels of performing arts that it vigorously promoted the Company’s “going out” strategy for its performing arts sector, diverging from “passive watching” into “active participation” in its marketing approach. The Company has expected a higher profitability through entering into market expansion agreements where an agreed fixedquota arrangement for ticket distribution can be reached. 2.4 The Fantasy Water World The Fantasy Water World operated by Zhuhai Water Entertainment Company Limited* (珠海市水上娛樂有限公司) , awholly - owned subsidiary of the Company, operates for six months from May to October each year. For the remaining months of the year, it only opens partially for the running of winter events. In FY2019, the number of visitors received by Fantasy Water World was 209,200, with the same number of visitors recorded in the corresponding period of previous year. The Fantasy Water World has upgraded its hardware facilities to safeguard its water quality, and that the water quality at the Fantasy Water World was rated A-grade for the 9 consecutive years. To counteract keen competition in water park market, the Fantasy Water World strove to strengthen overall internal management, refine on detailed operations, beautify the environmental landscape, exercise pragmatic management on on-site operations, introduce cleaning and etiquette training, and other measures. Besides, it endeavors to save costs through energy conservation and reduced consumption, enhanced work efficiency and stringent cost control. The New Yuanming Palace targeted at holiday sales promotions and high-season marketing, launched offseason packages and strengthened fixedquota distribution, as well as initiated various preferential promotions during festive holidays, and was resolute to increase revenue through multiple channels. Meanwhile, it leveraged the priority WeChat channels, “Two Parks and Three Tagged Numbers” (兩園三號), to boost promotion on signature products and prioritize marketing strategies, while launching sales promotion activities such as “messaging and interactive tickets forwarding” to appeal to fans’ attention and engagement, along with scaleup budget for advertisement and increased advertisement posting to promote offline sales. 3. Public Utilities and Financial Investments 3.1 Jiuzhou Passenger Port (“Jiuzhou Port”) Jiuzhou Port is operated by Zhuhai Jiuzhou Port Passenger Traffic Services Co., Ltd.* (珠海九洲港客運服務有限公司) (“Jiuzhou Port Company”), a non-wholly owned subsidiary of the Company. Due to the impact brought about by Hong Kong-Zhuhai-Macao Bridge and the uncertainties within Hong Kong, passenger flow at Hong Kong route and the Hong Kong airport route were both adversely affected. In order to secure the passenger source along all the routes, Jiuzhou Port Company joined hands with the Ferry Company to actively develop large-scale online sales channels. In collaboration with the entertainment sector of Trip.com Group Ltd, Jiuzhou Port Company focused on promoting “Sea-viewing across Zhuhai, Jiuzhou Island and other sea routes” for tourists. Due to the collaborative efforts with large-scale online travel agency (“OTA”) platforms, Jiuzhou Port Company expanded the popularity and sales along its operating routes. Other measures that boosted sales, include commissioning ferry tickets agency services through two large-scale online sales platforms, Tongcheng. com and Guangdong-Hong Kong-Macao Cross-border Express Rail Link (Hong KongZhuhai-Macao Bridge Shuttle Bus TicketBooking System). With the help of QR code application on a special ferry ticket sales point at “Jiuzhou Port Passenger Terminal”, and one-to-one sales strategies, sales service staff at the point of sale can easily promote WeChat public account or small program to passengers, and the ticket sales can be completed within an instance. Jiuzhou Port Company joined hands with travel agencies to develop first-tier agency services for Hong Kong district routes, and this helped broaden source passenger along the district routes. Jiuzhou Port Company will continue to develop intensively the leasing resources within station venue. Despite the fact that rental income received from dock shops, the Hong KongZhuhai-Macao Bridge area and the advertising space increased notably, yet the rental income received from parking lot decreased as traffic flow plummeted. 3.2 City Energy Supply Along with the gradual deregulation of the refined oil industry in China, Zhuhai Jiuzhou Energy Co., Ltd.* (珠海九洲能源有限公司) (“Jiuzhou Energy Company”) (a whollyowned subsidiary of Ferry Company) is stressed with the today’s complex and diversified development of wholesale trade in refined oil and gas station operating entities, as well as the deregulation in resources funding channels. Against such backdrop of development, the competition landscape for wholesale trade and the gas station retail industry has become severe. Jiuzhou Energy Company is always inspired by its artisan spirit, ploughing intensively into wholesale business of refined oil products. Confronted with new and alarming changes in the refined oil trading, Jiuzhou Energy Company resolves to new business models, distinctive innovative path of development, and continuously develop upstream and downstream customers and source for new oil refined products. Yet, Jiuzhou Energy Company presses forward steadily along the path to high-quality development, and gradually evolves from a mono-refined oil supplier to a comprehensive service provider. Guided by the business philosophy of integrity and professional service standards, Jiuzhou Energy Company has earned a wide popularity in the industry and the sustained loyalty from customers, and, thereby, its relative positioning in the industry has improved. To further instill growth momentum into the its operating capacity, Jiuzhou Energy Company intends to expand further supply and marketing trade channels, that will boost the profitability at the corporate level. On account of multi-faceted market researches and analyses at the preliminary phase, Jiuzhou Energy Company has planned to enter into new business sectors, though based on the previous refined oil trading business. Jiuzhou Energy Company will seek for strong and trustworthy corporate giants for strategic cooperation, in the view to enrich the Group’s projects’ portfolio, foster competitive strength, and eventually maximise the income of Jiuzhou Energy Company. 3.3 Financial Investments During FY2019, Shenzhen Jiuzhou Holdings Finance Lease Co., Ltd.* (深圳市九控融資租賃有限公司) (“Jiuzhou Holdings Finance Lease Company”), a wholly-owned subsidiary of the Company, entered into rapid and comprehensive development phase. Jiuzhou Holdings Finance Lease Company achieved outstanding results in both of its major business sectors, namely, commercial factoring business and factoring business for commercial bills. Jiuzhou Holdings Finance Lease Company actively developed into bulk commodity trade business that brought forth relatively significant contributions to the overall growth in operating revenue. Meanwhile, leveraged on the Group’s internal resource funding, Jiuzhou Holdings Finance Lease Company managed to further strengthen the strategic cooperative synergy between the refined oil product trading sector and coal trading sector within the Group. With all such due efforts, Jiuzhou Holdings Finance Lease Company intend to achieve mutual win-win situation in the financial and energy cross over sectors. While commencing on diversified business pursuit, Jiuzhou Holdings Finance Lease Company exercise prudent control on capital risk, through the setting up of a refined risk control system and regular risk monitoring routine, among other measures. In the future, Jiuzhou Holdings Finance Lease Company will further expand various financing channels, strengthen the close-tie connection with various financial institutions, and maximise the overall efficiency within the Company. Prospects: In 2020, global trade and economic situations remain grim, domestic and overseas capital markets stay volatile, and the business environment is still full of uncertainties, thereby forcing all sorts of challenges upon the Group’s business development. The Group will adhere to its corporate strategic goals by continuing to reinforce the intensity and depth of its capital operations and expanding its financing channels. In order to tackle with the liquidity risk and interest rate risk arising from external economic fluctuations and uncertainty of environmental factors, the Group will continue to facilitate sales and capital returns. In addition, through comprehensively utilizing the advantage of diversification among domestic and overseas financing channels, the Group will make full use of various finance means, continuously optimize its capital management, reduce financing costs, improve debt structure, as well as strengthen the internal control system and fully coordinate resource allocation to improve operating efficiency.

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