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Public company info - Lerado Financial Group Co. Ltd. , 01225.HK
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Lerado Financial Group Co. Ltd., 01225.HK - Company Profile
Chairman -
Share Issued (share) 2,303,000,000
Par Currency Hong Kong Dollar
Par Value 0.5
Industry Conglomerates
Corporate Profile Business Summary: The Group is principally engaged in providing financial services including securities broking, margin financing and money lending etc., as well as manufacturing and distributing children plastic toys and medical care products like mobility aid and other medical equipment. Performance for the year: Consolidated revenue of the Group for the year ended 31 December 2019 was HK$247.6 million (2018: HK$246.3 million), representing an increase of 0.5% over last year. Loss of the Group for the year ended 31 December 2019 was HK$86.2 million (2018: HK$67.7 million) and loss for the year attributable to owners of the Company was HK$86.2 million (2018: HK$68.1 million). Business Review Medical Products and Plastic Toys Business For the medical products and plastic toy business, Europe represented the largest export market of this segment. Sales revenue from European customers increased by 34.8% for the year ended 31 December 2019 to HK$39.9 million, representing 59.1% of the total revenue from medical products and plastic toys business. Revenue from the United States (the “U.S.”) customers decreased by 49.7% to HK$8.4 million for the year ended 31 December 2019, accounting for 12.5% of the total revenue from medical and plastic toys business. Revenue from the People’s Republic of China (the “PRC”) customers increased by 0.9% to HK$7.7 million for the year ended 31 December 2019 , accounting for 11.4% of the total revenue from medical and plastic toys business. In terms of products, sales revenue from medical products for the year ended 31 December 2019 was HK$49.8 million, representing an increase of 4.3% over last period and accounted for 73.8% of the total revenue from medical products and plastic toys business. The improvement was mainly due to the higher demand and more orders from overseas customers for powered scooters. Sales revenue from plastic toys slightly decreased by 8.8% to HK$17.7 million for the year ended 31 December 2019 mainly due to keen market competition. Securities Brokerage, Margin Financing, Underwriting and Placements Black Marble Securities Limited, a wholly-owned subsidiary of the Company (“Black Marble Securities”) has generated HK$15.9 million revenue for the year ended 31 December 2019 (2018: HK$15.9 million), representing 6.4% of the total revenue of the Group. It was mainly contributed by the interest income generated from the margin client of HK$15.3 million for the year ended 31 December 2019 (2018: HK$15.4 million). Assets Management Business The Group wishes to provide a full range of financing services to its clients other than only securities brokerage, underwriting and placements services and money lending business. The Group has started to develop assets management business and wishes to launch different type of fund to attract new investors for scaling up the portfolio size and the Group will receive management fees and incentive fees based on the amount of assets under management, and returns of portfolios, respectively. However, the assets management business has not yet generated any revenue during the year ended 31 December 2019 due to the weak market condition. Money Lending and Finance Leasing For the year ended 31 December 2019, the Group continued with its money lending business in providing secured and unsecured loans to customers comprising individuals and corporations and commenced its finance lease business in the PRC. The Group has generated HK$134.6 million interest income for the year and has increased HK$0.9 million as compared to last year, representing 54.4% of the total revenue of the Group. Directors are of the view that such business will keep contribute the income stream of the Group and is one of the main sources of income for the Group. Sales of Garment Accessories The sales of garment accessories had generated HK$28.2 million revenue for the year ended 31 December 2019 which indicated an increase of HK$0.3 million as compared to last year and representing 11.4% of the total revenue of the Group. The business of trading of garment accessories continuously generated a stable income stream to the Group during the year. Prospects: The Group has endeavored to develop and expand the financial sectors, including, money lending business, financing leasing and securities brokerage business in Hong Kong and the PRC. In order to further expand the business, the Company will focus on the existing businesses and wish to participate in providing other financial services, including but not limited to providing corporate finance, asset management, financial planning services, which can leverage with the Group’s existing financial sectors. However, the social demonstration in Hong Kong, the Sino-US trade relation and the outbreak of coronavirus (COVID-19) is having an adverse effect in the market and the worldwide economy. It would likely reduce the investor enthusiasm and our businesses in Hong Kong and the PRC are expected to be very challenging in the coming years. Since the COVID-19 pandemic, the PRC Government has taken emergency measures to prevent the spread of the COVID-19 in the PRC, including, among others, imposing restriction on work resumption date after the statutory holidays for Chinese New Year. It was expected that revenue of the Group’s medical products and plastic toys business will decrease in the first quarter of 2020. In light of the above, the Group will adopt cautious flexible strategy to face the market changes. Going forward, with a view to achieving better return and enhancing the expansion of the Group, the Group will keep focus on the existing business and look for potential investment opportunities to diversify its business scope and leverage with the Group’s business. We are committed to strengthen the corporate governance of the Group, and will continue to facilitate the resumption of trading in the shares of the Company (the “Shares”) and create the greatest possible value for all the Shareholders of the Company (the “Shareholders”).

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