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Public company info - Renze Harvest International Limited , 01282.HK

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Renze Harvest International Limited, 01282.HK - Company Profile
Chairman Yao Jianhui
Share Issued (share) 31,388,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry IT Hardware
Corporate Profile Business Summary: The Group is principally engaged in the trading and provision of services with respect to automation related equipment (the “Automation”), financial services (the “Financial Services”), the manufacturing of a range of high-technology and new energy products (the “Manufacturing”) and property investment and development (the “Property Investment and Development”) and securities investment (the “Securities Investment”). Performance for the year: For the year ended 31 December 2019, the Group recorded a revenue of approximately HK$10,887.8 million, representing an increase of 634.1% when compared with that of 2018. The profit attributable to owners of the Company amounted to approximately HK$684.3 million, representing an increase of 2% when compared with that of 2018. Business Review: Financial Services Business Financial services business is the core business which the Group treats as the focus of development. This year is critical for the transformation, development and optimization of the business structure of our financial services. We hold the licences granted by the Securities and Futures Commission (“SFC”) to conduct Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities. We also hold a private equity fund licence in Shanghai and the QFLP licence in the Qianhai free trade zone in Shenzhen, enabling us to provide comprehensive onshore/offshore securities trading and financial services. In 2019, we enhanced our commitment to the financial technology by investing in Big Data, Blockchain and Artificial Intelligence and explored the synergetic effect among various resources and securities, investment, investment banks as well as asset management platforms to provide investors with reliable services. In 2020, we will continue to leverage the reliance upon the mainland China while engaging with our business development in the world and make better use of the benefits of regional synergetic effect in Guangdong-Hong Kong-Macau Greater Bay Area by virtue of our professional financial service platform to customise appropriate investment portfolios for our clients to better capture market opportunities. Securities Brokerage and Margin Financing Business During the previous year, we further enhanced traditional securities and futures trading business so as to promote the transformation of our brokerage business for the engagement of comprehensive services of wealth management. For the margin financing business, we adopted a stringent approach to risk control. Corporate Finance Business We offered various corporate finance services including engagement in provision of sponsorship and underwriting services to corporate clients for their fund raising activities in equity and debt capital markets as well as engagement with provision of advisory service and solutions to corporate clients for their corporate actions, such as mergers and acquisitions as well as assets restructuring. In 2019, we acted as joint bookrunners and joint lead managers for various applications of initial public offerings and offered our assistance to the issuance of private debts for our clients. We anticipate to render services including listing, mergers and acquisitions, strategic financial management to the investors and potential clients in the market by virtue of our comprehensive capabilities in financial services so as to assist them to capture new economic opportunities arising from the national policy, “The Belt and Road Initiative”. Asset Management Business We offered our securities advisory and asset management services to high net worth individuals, corporations, funds as well as family trusts by way of fund management or discretionary investment account in Hong Kong. As of the date of this report, we are acting as the investment manager for two segregated portfolio company funds with four segregated portfolios and as an investment advisor for one independent fund and managing one discretionary account. The total assets under management of all the funds and discretionary accounts amounts to approximately HK$1,081 million. Against the backdrop of tightening regulations, increase in difficulty in fundraising and slowdown in investment, our team will continue to conduct its analysis of economy from a macroeconomic perspective and explore any investment opportunity by leveraging the geographic advantages of the location in close proximity to China and the metropolitan connecting with the world. We will increase our effort in domestic and overseas fundraising activities to reinforce our presence in the private fund industry. Wealth Management Business We hold the licences issued by the Insurance Authority and Mandatory Provident Fund Schemes Authority (MPFA) and maintain a cooperation relationship with more than thirty international financial institutions to provide our clients with a variety of products and services including life insurance, immigration, pension funds and real estate property. With the rapid growth in the number of high net worth individuals in the PRC in recent years and the gradual prevalence of the concepts of wealth management in the western world, there has been an increase in the awareness among people in general about offshore wealth management, global assets allocation and cross-border risks diversification. Hong Kong, the U.S. and Canada are amongst the most preferred places for offshore allocation of wealth. For wealth owners in the mainland China, Hong Kong provides them with a high degree of convenience in terms of geographical distances and language communications. Our teams will strive to establish a business regime of client-oriented wealth management to provide the investors with more quality products and services with the interests of the clients being our first priority. Money-lending Business Our money-lending business holds a money lender’s licence and is a member of TransUnion Limited with our engagement of loan business in Hong Kong. Although there was volatile and highly competitive business environment in the financial and investment markets in Hong Kong in the previous year, we still continue the optimization of our credit business structure for the provision of a diversified and convenient collateral credit service to our clients to the extent that clients from all walks of life can get access to professional financial planning management proposals in terms of financing and wealth management. Precious Metal Trading Business We are a member of the Chinese Gold and Silver Exchange Society, holding the qualification as A1 membership under operation status with permission to engage with the businesses of 99 Gold, HKD Kilo Gold, London Gold/Silver and Loco Silver. We are dedicated to providing our clients with quality online trading services of gold and silver as well as comprehensive precious metal trading business for goods and physical gold and silver and rendering our services of investment management and investment advisory for them to capture investment opportunities with the access to the first-brand information received from the market. Property Investment and Development Business Our property investment and development segment has been under rapid development and expansion in recent years. We are engaged with various major cities in the mainland China, including Shenzhen, Shantou, Shenyang, Changchun, Changsha, Ganzhou, Weinan, Yunfu and Nanning, covering development projects including residential buildings, commercial apartments, commercial office buildings, technology parks, shopping malls, hotels through our subsidiaries, including Glory Sun Land Group Limited (stock code: 00299.HK) (“Glory Sun Land”, together with its subsidiaries, collectively, “Glory Sun Land Group”). With a continual increase in our effort of projects exploration both in Greater Bay Area and the major development areas as specified by the Chinese government, we expect that our land reserves, saleable gross floor area and sales revenue will continue to soar quickly. With a long-standing management and control mechanism, the property prices remained at a steady and healthy level. However, the emergence of new epidemic and the corresponding measures regarding isolation and quarantine and pedestrian flow control will inevitably have an adverse effect on the recent sales of residential buildings. In the medium and long term, the property market will be able to be resilient to healthy and stable development. Hong Kong We hold certain quality offices and a residential property in Hong Kong for capital appreciation purposes. Despite the fact that property market in Hong Kong is subject to a period of adjustment due to various factors in the mid-2019 and the new challenge to real estate market subject to the recent epidemic, the Group firmly believes that Hong Kong will be able to overcome difficulties and challenges with confidence in the long-term development. We will continue to be attentive to any suitable investment opportunity and attempt to explore the possibility of engagement with the real estate property market in Hong Kong by way of further collaborations and developments. Shenzhen We are engaged with a property development project, namely, Baoxin Technology Park (the “Park”, previously, “B&K Science and Technology City”) with a gross floor area of 0.5 million metres square in Guangming New District, Shenzhen, the PRC. Guangming New District is intended to be built as a worldclass science city and the municipality hub in the northern part of Shenzhen. The Park has become one of the prominent science and technology parks in Guangming New District. In 2019, the second phase of the Park garnered the attention from a great number of clients since the commencement of the sale and lease of the Park available to the public. Our tenants included three enterprises listed on the main board of Shenzhen Stock Exchange, one Shenzhen-based branch recognised as world’s top-500 enterprises, four enterprises recognised as top-100 industrial of Shenzhen Municipality, seven hi-new tech enterprises at state level and fifteen various brands of lifestyle products which have settled in the Park. We are recognised as the Top Ten Most Honoured and Prestigious Enterprise of Shenzhen City reflecting an affirmation of the market for the Park. We will continue to take our own initiatives on the project exploration in Shenzhen as it is the core city for our property development business for the reserves of the premium quality projects. Shantou In June 2019, Shantou Times Bay project was officially opened to the public. With ample previous customers reserves, the premises were in continuously high demand after the opening, achieving a satisfactory sales result. With an investment of over RMB10 billion and a total floor area of over 1 million meters square, the Shantou Times Bay project is positioned as a technology, creativity and leisure centre in the global context aimed at creating a vibrant modern metropolitan office park with a supporting apartment area for high-end talents. Nanning In December 2019, Glory Sun Land Group managed to acquire two real estate projects located in Nanning International Financial Centre in Nanning City. The project is a commercial and office complex with a total gross floor area of 0.85 million metres square in attempt to create a hub of central business district of the headquarters’ base in Wuxiang New District. The project is located in the core residential area in Wuxiang New District well-equipped with transportation, education and medical ancillary facilities, which will become the signature landmark of international lifestyle in the new city centre of Nanning. As the first batch of projects in Guangxi Province, it is the benchmarking project of immense potential of growth for our intensive business development strategy implemented in south China regions. Ganzhou We are engaged with our property development projects, namely 寶能城 (Baoneng Plaza*) and 寶能太 古城 (Baoneng Taigu Plaza*), in Ganzhou, the PRC. Baoneng Plaza is a composite development project including residential buildings, retail outlets, offices, hotels and commercial carpark spaces. In 2019, Baoneng Plaza were well-operated. The opening launch of 1,437 carpark spaces is completed for Baoneng Plaza with 425 carparks sold, which was the project with the maximum in both number of launch for carpark spaces and completion rate of sales in the history of properties industry in Ganzhou. Baoneng Taigu Plaza is another composite development project, including residential buildings, business apartments, shopping malls and hotels. In 2019, in order to address the situations of fierce competition in the apartment market, the incessant promotional sales of competing market commodities and a planned launch of a large number of new units to the market, we speeded up the sale of the completed units. Heshan We are engaged with the property leasing in an industrial complex project (the “Park”) located at New Material Base, Gonghe Town, Heshan City, Guangdong Province, the PRC. In 2019, we completed the business invitation for the Park of a total gross floor area of approximately 61,500 metres square. We managed to make a deal with Skyworth Group Co., Ltd (“Skyworth Group”) with a contracted lease area of 40,000 metres square in the Park and successfully attracted its major upstream and downstream developers of ancillary products to settle in the Park. As at 31 December 2019, the major upstream and downstream developers of Skyworth Group had contracted to lease an area of nearly over 50,000 metres square, representing over 60% of areas available for lease in the Park. Shenyang In May 2019, the Group successfully acquired a commercial land with construction area of approximately 38,000 square meters located at No. 34, Shenxin East Road, Tiexi District, Shenyang. The project building has a total of six floors. The first to third floors are commercial malls used for commercial purposes, and the fourth to sixth floors are partially used for hotels and office purposes. There are 159 parking spaces in the ground parking lot. At present, many well-known merchants have settled in the building. Weinan In June 2019, Shantou Times Bay project was officially launched for sale to the public. With ample previous customer reserves, the premises were in high demand after the launch and an ideal sales result was achieved. With an investment of over RMB10 billion and a gross construction area of over 1 million square meters, Shantou Times Bay project is positioned as a technology, creativity and leisure center in the global context and aimed at creating a vibrant modern metropolitan office park with a supporting apartment area for high-end talents. In 2020, apart from the reinforcement of our existing property projects in the PRC, we will also consolidate the resources with a proactive approach to identify quality projects in the market so that we can offer more investment opportunities to our investors. Combined with the resources, experience and client base accumulated by Glory Sun Land Group in respect of the property investment and development segment, we are confident of expanding the profit and the scale of profitability for property investment and development segment as well as facilitating the synergetic effect of financial services business. Automation Business We have been engaging in the automation business since 2012 and are one of the leading distributors and service providers of Surface Mount Technology (SMT) equipment in the PRC. With the rising demand in the component and technology for the more prevailing 5G mobile phones from the mobile phone manufacturers in the mainland China, we take a proactive position to enhance our marketing plan and after-sale services by the leverage of such a rising demand in the machinery of surface mount from the mobile phone manufacturers in the mainland China, with our aim to strive to gain further market share. We will build a closer relationship and collaboration with our key business partners to seize the opportunities brought by the smart manufacturing transformation under “Made in China 2025” as promulgated by the PRC and the opportunities for 5G market development. Securities Investments Due to the uncertainties and volatilities during the year, we continue with our consistent adherence to the strategy for maintaining a balanced investment portfolio focusing on the shares with sound foundations as well as continuing record of dividend payment. We will continue our investment in those undervalued companies and their dividend-attached stocks such that we can better withstand the current and potential market pressure. Our emphasis will still be the steady value-added appreciation and the prudent deployment and allocation of the fund in the low interest rate environment. We also note that the global financial markets are subject to violent turmoil with the impact of novel coronavirus epidemic, our results of securities investments may possibly be subject to greater volatility. Manufacturing Business Based on the adjustment to the Group’s business strategy, we completed the disposal of the manufacturing business segment in December 2019. Following the completion of the disposal, we officially cease the manufacturing business and concentrate the resources in the development of financial service business to create better results in the future. Prospects: With the immense risks and challenges arising out of trade disputes and the widespread of novel coronavirus pandemic imposed to the global economies, the economic growth in the mainland China and Hong Kong will inevitably be affected. In order to stabilise the economic development and protect the community livelihood, relief measures to tackle the epidemic have been launched both in the mainland China and Hong Kong. The monetary policy of quantitative easing measure is launched by the government in the PRC after the Chinese New Year with an aim to provide the financial institutions in the banking industry with a reasonable and sufficient liquidity support. The Ministry of Industry and Information Technology in the PRC has also launched various measures to support the business resumption of small, medium and micro enterprises. The government of Hong Kong SAR has also launched a series of counter cyclical measures to support the economy. We believe the epidemic has a temporary effect on the operations of the Group. After the mitigation of such epidemic, we are confident that our operations will be resilient to recovery to achieve the business objectives set out at the beginning of the year. We have formulated a series of measures to address the issues of sluggish offline sales arising from the suspension of land transactions and the business suspension of property sales offices and the pressure imposed to real estate business due to payment of large amount of capitals for the suspension of all businesses in all industries in certain provinces and cities in China. We shift our sales strategy for the potential clients with our offline services change to the online mode and streaming live videos of site visit to the properties and the online property sales office service on the Internet. On the other hand, we are with such adversity for our tenants who will be provided with our reduced rent and waiver of rent. Our technology segment has been in its constant provision of world-class automation manufacturing devices and services for the industries of smartphones, Internet of Things, semi-conductors, automobile electronics in the PRC. With the gradual sophistication of 5G application business regimes together with the accelerating progress proposed by China in terms of the new infrastructure facilities construction as representative of 5G, Artificial Intelligence, Industrial Internet and Internet of Things, there will be a new source of vitality to benefit the development of our technology segment. With such an unprecedented challenge, we will continue to recruit and retain more talents while making adjustment and optimization to the management and core business teams with our devoted effort to develop a more professional and more experienced business team. We anticipate that there will be a turnaround from crisis to opportunities under the professional operating capabilities of our teams to expand the scope of our business by the leverage of the opportunity arising out of crisis. I believe that we will be able to provide the clients in the market with more business opportunities and more quality services so that the business of the Group can achieve a new level of success.

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