Share This

Public company info - Shanghai Realway Capital Assets Management Co. Ltd. - H Share , 01835.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Shanghai Realway Capital Assets Management Co. Ltd. - H Share, 01835.HK - Company Profile
Chairman ZHU Ping
Share Issued (share) 38,000,000
Par Currency Renminbi
Par Value 1.0
Industry Investments & Assets Management
Corporate Profile Business Summary: The group mainly engages in funds and investment management. Performance for the year: During the Year, the Group recognised a revenue of approximately RMB125.2 million, representing a decrease of approximately RMB32.2 million or 20.4% compared to the previous year, which was mainly attributable to the absence of exist of management fund from any projects and no significant performance fee was recorded. Business Review The Group is a private fund manager specialising in the management of real estate investment funds in the PRC. The Group manages two broad types of funds, namely (i) fund(s) structured and managed for the purpose of directly investing in a specific real estate investment project (“Project Fund(s)”); and (ii) flexible fund(s) of funds structured and managed, or co-managed, by the Group which may invest in designated types of funds under the Group’s portfolio instead of making direct investment into investment projects and are permitted to invest in multiple investment projects indirectly through a number of funds at the same time (“FOF (s)”). The Group’s managed funds invest in three main categories of portfolio assets, namely commercial real estate projects, distressed assets projects, and urbanisation and redevelopment projects. 1. Business Expansion Despite the challenging market environment, the Group’s assets under management managed to record growth in the Year. As at 31 December 2019, the Group’s assets under management amounted to RMB4,894.1 million, which is higher than RMB4,514.0 million as at 31 December of 2018. Under the increasingly complicated and difficult local and international economic situation and the intensifying competition in the industry, the Group tackled new opportunities and challenges in a proactive manner in 2019. The Group commenced and implemented the following major tasks: (i) for the year ended 31 December 2019, the Group had acquired three commercial real estate projects, and one urbanisation and redevelopment projects. Commercial real estate projects include Xintian Impression Project* (新田印象項目), Yan’an Project* (延安項目) and Fuzhou Project* (福州項目) (further details of the above 3 projects are set out in the section head “MANAGEMENT DISCUSSION AND ANALYSIS — BUSINESS PERFORMANCE — Business Expansion” in the 2019 interim report of the Company). The urbanisation and redevelopment project is CIFI Project* (旭輝項目). CIFI Project* (旭輝項目) is a construction and operation project cooperated by the Group and CIFI Holdings (Group) Co. Ltd.* (旭輝集團股份有限公司) (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, Stock Code: 884) (Top 20 real estate enterprise in the PRC) in Changzhou with over 130,000 square meter saleable area. (ii) for the year ended 31 December 2019, the Group had set up three FOFs , namely, Hangzhou Fuyang Huirong Investment Management Partnership (Limited Partnership)* (杭州富陽匯嶸投資管理合夥企業(有限合夥)), Hangzhou Fuyang Huizhen Investment Management Partnership (Limited Partnership)* (杭州富陽匯臻投資管理合夥企業(有限合夥)) (further details of the above 2 FOFs are set out in the section head “MANAGEMENT DISCUSSION AND ANALYSIS — BUSINESS PERFORMANCE — Business Expansion” in the 2019 interim report of the Company)and Hangzhou Fuyang Huiqin Investment Management Partnership (Limited Partnership)* (杭州富陽匯欽投資管理合夥企業(有限合夥)). Hangzhou Fuyang Huiqin Investment Management Partnership (Limited Partnership), established in August 2019, is a FOF invested and managed by the Group and registered with the Asset Management Association of China. (iii) in addition to the development of new projects and FOFs, the Company established Chongqing Realway Equity Investment Fund Management Co., Ltd.* (重慶瑞威股權投資基金管理有限公司) as its wholly-owned subsidiary in Chongqing on 20 May 2019 and established Chengdu Realway Asset Management Co., Ltd.* (成都瑞威資產管理有限公司) as its non-wholly-owned subsidiary in Chengdu on 18 September 2019. This was part of the Group’s strategy to expand its geographical presence in the western parts of China, to enhance the connection between resources from the eastern city and the industries in the western parts of China. The Group will grasp the development opportunities in Chongqing and Chengdu proactively and strategically extend both its longitudinal and latitudinal industrial chains once again. Moreover, in 2019, the Group established strategic partnership relationship with assets management companies and investment institutions in different regions, so as to explore investment opportunities in the properties of major cities in the PRC and south-east Asia regions as well as cooperation opportunities at the Company’s equity level. (iv) on 30 July 2019, Realway (Hong Kong) Assets Management Limited* (瑞威(香港)資產管理有限公司), a wholly-owned subsidiary of the Company applied to the Securities and Futures Commission (the “SFC”) for the licences permitting it to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities. The SFC had granted the approval on 16 January 2020. 2. Internal Management (i) organisation structure adjustment: In order to better respond to and implement the Group’s development strategy, enhance the corporate governance structure, and improve operational efficiency and management effectiveness, the management of the Company rationalised the Company’s organisational structure in 2019 and established the Operation Management Department to give professional advice on important matters at every stage of the Group’s investment projects, conduct overall control and report to the Group’s chief executive officer. At the same time, in order to enhance management empowerment, the Company continued to implement reforms, such as optimising personnel management and employees structure, clarifying powers and responsibilities, and bifurcating functional indicators and operational indicators. The Directors believe that such fine tune on organisational structure will improve the Company’s management efficiency, ensure that the Company’s strategy can be effectively and fully implemented, and further optimise corporate governance. (ii) investment project management and control: Under the new economic landscape and industry environment, the Group carried out focused post-investment management on its investment projects, conducted analysis and research on the possible investment risks comprehensively, and improved the alignment and effectiveness of project management to maximise control of project investment risk. (iii) internal control: The Group strictly complied with regulatory requirements, continuously strengthened internal control and risk management. It has established a comprehensive and effective internal control and compliance working mechanism with clear allocation of duties, and executed the fundamental processes of risk management in all aspects of management and operation to cultivate a sound risk management culture. In 2019, the Group continued its internal control which emphasised on optimising the internal control and defining internal control responsibilities. We will continue to optimise our internal control design, persistently improve the internal control evaluation mechanism, and effectively prevent management operation risks according to the need for development. Prospects: At the beginning of 2020, the COVID-19 outbreak in China posed significant impact on various industries in China, and the real estate industry invested by funds under management of the Group was adversely affected by the COVID-19 outbreak. Investment projects, including the collection and disposal of distressed assets or the operation and management of commercial real estate and the construction and sales of residential real estate etc., are temporarily suspended due to the COVID-19 outbreak, causing huge pressure on the project schedule in the short term. As for the commencement of new projects, due to the inability to perform tasks such as on-site due diligence, the implementation of new projects has also been greatly affected. The influence of the COVID-19 outbreak will eventually spread to investment products that provide financial services for real estate such as bank wealth management, trust or private fund. The Group expects that liquidity would be the most important risk faced by the industry in 2020. As a private fund manager focusing on real estate investment, the Group has also been affected to a certain extent on the fund raising, investment, management and exit from the investment. However, with various policies introduced by the government to ease the impact of the COVID-19 outbreak, the economic development will maintain its positive momentum in the long run. At present, there are still structural and regional opportunities in the real estate market. The companies and projects manage to withstand the impact of the COVID-19 outbreak will certainly enjoy greater investment value in the future. To cope with the impact of the COVID-19 outbreak, the Group initiated comprehensive risk study and contingency plan, and communicated with the investors of each project on the progress of the projects in a timely manner. The Group will actively deal with the possible adverse impact of the COVID-19 outbreak on our business operations. We will also continue to adhere to our professionalism and stick to the bottom line of every investment to protect the funds of our investors and strive to minimise the impact of the COVID-19 outbreak. Looking ahead, the Group will focus on the following development strategies: (i) as for fundraising, while striving to retain its existing customers, the Group will put more efforts in exploring institutional investors, identifying new financial products and channels, and obtaining the fundraising for key clients; (ii) as for investment, the Group will continue to focus on the real estate investment, enhance industry research capabilities, seize investment opportunities, explore cooperation modes with large and medium-sized real estate enterprises, as well as exploit and enhance the asset value of our investment projects. Meanwhile, the Group will consolidate its advantageous resources to focus on further developing the business of merger and acquisition and reconstruction of distressed assets; (iii) as for exit from the investment, the Group is finalising the exit of certain investment projects and continues to identify and invest cautiously into new projects with great potential. Such cautious but aggressive strategy will continue to support the future performance of the Group; and (iv) as for overseas business, as Realway (Hong Kong) Assets Management Limited* (瑞威(香港)資產管理有限公司), a wholly-owned subsidiary of the Company, has obtained the licenses granted by SFC to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities. The Group will be devoted to paving the way for connection between cross-border assets and capital, absorbing international capital for its real estate projects, so as to improve its existing investment portfolio, enhance the diversity of its product design. In 2020, while celebrating the tenth anniversary of our establishment, the Group will continue to identify opportunities to exert our asset management skills, risk management expertise and execution capabilities, so as to enhance the value of different types of our real estate projects through the removal of existing stock in the real estate market, disposal of distressed products or enhance the value of different real estate products with other resources, promoting the healthy growth of the Chinese economy as whole, and in turn bringing sustainable returns to shareholders and investors.

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.