Share This

Public company info - Redco Properties Group Ltd. , 01622.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Redco Properties Group Ltd., 01622.HK - Company Profile
Chairman WONG Yeuk Hung
Share Issued (share) 3,552,000,000
Par Currency Hong Kong Dollar
Par Value 0.05
Industry Property Development
Corporate Profile Business Summary: The group is principally engaged in property development, property management services, property investment services and healthcare services in the People’s Republic of China (the “PRC”). Performance for the year: In 2019, the Group recorded property contract sales amount of RMB27,412.0 million, representing a corresponding increase of 24.7%; Profit attributable to the owners of the Company was RMB1,034.9 million, an increase of 4.5% over the corresponding period last year. Basic earnings per share was RMB29.14 cents. Business Review In 2019, under the central government’s clear goal of “Stabilizing Land Prices, Housing Prices, and Expectations”, market regulation has become normal, and the real estate market has developed steadily. National investment in real estate development reached RMB13,219.4 billion, an increase of 9.9% and 0.4 percentage points swifter than last year. High-quality housing companies seized the window as well as the urban structural opportunities, and win over the market by positioning towards mainstream demand, high cost performance and innovative products, and achieve continuous growth in sales result. Think deep and gain far benefits, plan and decide following moves. In 2019, the Group focused on enhancing its strategic execution to go ahead while facing opportunities and challenges. The Group focuses on its products, achieve continuous innovation, research and development of a new oriental health building product system to provide customers with safe and healthy products and services. The Group maintained efficient operation and steady progress to achieve continuous improvement of organization efficiency, and generated considerable returns on investment for the group’s shareholders. The group advocate the corporate culture of encouraging high-achievers to establish high-quality development platforms for the group’s employees. The Group also actively participate in public welfare, support the development of education and science and education, and fulfill the group’s corporate social responsibilities. In 2019, the Group’s real estate business achieved high-quality development, and continued to deepen the group’s establishment in high-value and high-growth regioins such as the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, and the Bohai Sea Ring Area. The group’s land reserve increased to 14.56 million square meters, representing a year-on-year increase of 45.7%, while value of goods reached RMB121.89 billion. Meanwhile, the Group actively explored overseas business development. The Sydney prime mansion project was successfully delivered, and the group have signed a cooperation framework agreement with the Makati City Government of the Philippines and the IRC Group to enter into the Philippine market. With excellent sales performance, the Group has successfully maintain on the list of Top 100 National Housing Corporations. Meanwhile, the Group maintains a steady financial position and satisfactory financing ability. The group’s net gearing ratio decreases to 17.9% from 47.9% by the end of 2018. The group’s cash in hand is amounted to RMB 15.06 billion, which ensures the Group’s risk bearing ability while the overall national economy is under the impact of the epidemic. It also provides a strong guarantee for post-epidemic investment and development. While optimizing the group’s land reserve and financial structure to enhance internal resources, the Group expands its property extension business as the second point of growth. The input in diversified business is intensified to create and nurture the six sectors business –“healthcare, commerce, technology, property, cultural tourism and education”, which empowers one another and integrates innovation. As a diversified and innovative product, New Oriental Green Building deeply integrated the core services of its three industries of “healthcare, property and technology”. It injected characteristic attributes into “Redco Green Building” and continued to build the core value chain of the Redco brand. Prospects: Under the impact of COVID-19, the real estate industry is also affected in certain extent. Nevertheless, as the epidemic is progressively under control, the long-term improvement in Chinese economy remains unchanged. In a market perspective, the epidemic was under preliminary control by late February. As market started to recover by March, the demand and supply rose significantly. By implementing a full-scale resumption of production and work, the real estate industry, as a pillar industry of national economy, is committed to development with weighted emphasis. Meanwhile, as the requirements for residential healthiness and service security has increased, property enterprises are committed to provide green services to gain room for development. In the future, the Group will strive to implement overall strategy in property development and operation and the dual-drivers of diversified business. Property business will continue to focus on the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, Bohai and high value and high growth core regions and cities such as Wuhan and Nanchong. The group will maintain a steady and prudent financial strategy and expand in diversified financing channels. By ensuring these financing channels are smooth and unhindered, the group’s financing costs would be lowered. The end of a harvest marks the next harvest. From focusing on real estate development and development to implementing dual-driver steady development; from providing premium residence to customers to realizing a full life cycle health services to customers, Redco never compromise in pursuing the improvement of quality. In the future, the Group will continue to enhance its strategy implementation ability, strengthen its operation ability, improving its organization efficiency to maximize its input in green residence. The group will carry out the double hundred program by meeting 100% national building requirements in 100% of the group’s new projects within three years. By enhancing customer satisfaction, strengthening brand building and promoting the Group’s reputation, the group will build the core competiveness in the ever-changing market environment.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.