China Goldjoy published its 2017 annual results announcement on 11 March 2017. According to the announcement, for the year ended 31 December 2017, the revenue and the profit attributable to owners of the Company were HK$2,825 million and HK$869 million respectively, which were increased by 183.8% and 86.3% respectively when comparing to the same period in the previous year. The earnings per share was HK 3.9 cents and the proposed final dividend is HK 0.51 cents.
During the year, by pursuing value-added and diversified strategies, the Group actively implemented better resources allocation to high-potential segments, with a focus on the development of integrated financial services, securities investment, high-end manufacturing, automation and smart manufacturing equipment, as well as the other emerging business and industries. Meanwhile, property investment and development was adopted as one of the Group’s major business activities. The property investment and development became the major source of revenue of the Group, accounting for 50.0% of the total revenue, contributed mainly by disposal of completed properties held for sales. The automation and securities investment segments also contributed 21.7% and 18.8% of revenue respectively. The manufacturing and financial services segments have picked up its pace and each of which approximately contributed over HK$100 million of revenue during the year.
The increase was mainly due to the Group’s (1) gain on bargain purchase of a newly acquired subsidiary and its recognition of sales of completed properties; (2) an increase in gain from short-term securities investment; (3) an increase in dividend income.
In particular, China Goldjoy was included as a constituent of the MSCI China Small Cap Index in 2017, and has also been a constituent of a number of Hang Seng Indexes, including Hang Seng Internet & Information Technology Index, Hang Seng Global Composite Index, Hang Seng Composite Index Series – Hang Seng Composite Index, Hang Seng Composite Industry Index – Information Technology, Hang Seng Composite LargeCap & MidCap Index, Hang Seng Composite MidCap & SmallCap Index and Hang Seng MidCap Index. Being one of the investable stocks in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, it convincingly reflects recognition of the Group by the market.
Upon the completion of the business transformation, China Goldjoy is better positioned itself to expand its businesses actively in the future in order to achieve business diversification. The Group will pay close attention to the market conditions and remain optimistic to the capital market, and will continue to look for investment opportunities in financial services, properties investment and development, the high-end manufacturing as well as new energy and new technologies industries so as to generate favourable returns for shareholders.
