Business Strategies a. Evaluate business strategies and recommend changes where appropriate.
b. Critically evaluate the Corporation's performance in view of its corporate planning and business objectives.
Business Strategies. The Group intends to achieve sustainable business growth by the following principal strategies: The Group believes China’s financial leasing industry is still underdeveloped, and that its target industries still enjoy sustainable growth potential. Hence, there are promising opportunities to explore the attractive growth potential of China’s financial leasing industry and its target industries. Furthermore, the Group intends to continue exploring growth opportunities within other target industries in China with growth potential and in which it believes its services can be competitive, so as to complement its existing business. The Group believes that its track record and experience in China’s financial leasing industry has provided it with sufficient insights into industry trends, customer needs and market potential, which will equip it with the required capabilities to pursue suitable expansion and penetration into these new industries. In addition, the Group believes that there is substantial growth potential in the market demand for its financial leasing services arising from the growth of private sector enterprises and public institutions. In addition to conventional bank lending, the Group’s ability to understand the value of the assets underlying the leases as well as its customers’ needs provides a differentiated and effective competitive advantage. For close to 30 years, the Group has been successfully developing its business by taking advantage of the rapid growth of China’s economy and the continuing opening up of China’s financial market. The Group intends to continue to capitalise on growth opportunities of China’s financial leasing market by leveraging its industrial expertise, established presence in its target industries and extensive customer network. The Group is constantly evaluating opportunities to leverage its significant industry expertise and extend its services to additional customer segments within each of its existing target industries. In this respect, the Group plans to devote more attention, manpower and resources to expanding its customer base and strengthening its customer relationships through focused sales and marketing efforts and further segmentation of China’s economic areas in which it operates. These sales and marketing efforts will include the regular organisation of, and participation in, more industry exhibitions and trade associations so as to maintain industry presence and promote its specialised industry knowledge...
Business Strategies. This Collective Bargaining Agreement supports the Port’s strategy of “High Performance Organization.” Term of the Agreement: July 1, 2008 through June 30, 2012.
Business Strategies. The Issuer plans to pursue the following strategies to maintain its leading position in the auto financing industry in China and drive future business growth: • Expand Sales Network and Strengthen Cooperation with Auto Dealers; • Accelerate Digitalisation and Explore Online Direct Sales; and • Expand Used Automobile Financing Operation to Drive Future Growth. On 6 January 2022, the Issuer completed the issuance of the “Rongteng 2022 Series I Retail Auto Loan Asset-Backed Securities” (the “Rongteng 2022-1 ABS”) in an aggregate principal amount of RMB10 billion in the PRC national interbank market. The Rongteng 2022-1 ABS consists of four tranches: the prioritised A1 tranche was issued in an aggregate principal amount of RMB4 billion with an interest rate of 2.65 per cent.; the prioritised A2 tranche was issued in an aggregate principal amount of RMB4.7 billion with an interest rate of 2.75 per cent; the prioritised B tranche was issued in an aggregate principal amount of RMB730 million with an interest rate of 3.50 per cent; the subordinated tranche, which is held by the Issuer, was issued in an aggregate principal amount of RMB570 million. See “Description of Material Indebtedness and Other Obligations — Asset-backed Securities — Rongteng 2022-1 ABS” for more details. On 24 January 2022, the Issuer completed the issuance of the “Rongteng Tongyuan 2022 Series I Retail Auto Mortgage Loan Green Asset-Backed Securities” (the “Rongteng Tongyuan 2022-1 ABS”) in an aggregate principal amount of RMB1 billion in the bond market of China (Shanghai) Pilot Free Trade Zone. The Rongteng Tongyuan 2022-1 ABS consists of three tranches: the prioritised A1 tranche was issued in an aggregate principal amount of RMB400 million with an interest rate of 2.68 per cent.; the prioritised A2 tranche was issued in an aggregate principal amount of RMB490 million with an interest rate of 2.90 per cent; the subordinated tranche, which is held by the Issuer, was issued in an aggregate principal amount of RMB110 million. See “Description of Material Indebtedness and Other Obligations
Business Strategies. Adhering to its corporate values of openness, progress, professionalism and performance, the Issuer strives to provide services to customers with integrity and professionalism, cater to the needs of customers through a customer-oriented approach, and offer diversified products with a focus on innovation and progress. With a view to deepening its offline market, accelerating online development, and expanding into the used car market, the Issuer plans to pursue the following strategies to maintain its leading position in the auto financing industry in China and drive future business growth:
Business Strategies. We intend to accomplish our objectives of pursuing disciplined growth and maintaining strong financial and balance sheet flexibility by executing on the following business strategies: Our fixed-revenue contract structures with pre-billing of monthly fees insulate our business from fluctuations in commodity prices and provide strong cash flow visibility. We target multi-year contracts with recurring contract renewals to take full advantage of the long-life inventory of our areas of operations. Our strategic positioning in the Permian Basin and Eagle Ford Shale enables us to capitalize on the large andlow-cost existing production base in two of the most critical U.S. natural gas and oil producing regions. We believe that continuing to deploy our assets in these multi-decade resource life regions will help us to maintain high asset utilization through industry and broader macroeconomic cycles and provide cash flow stability. Our lower emissions capable large horsepower compression infrastructure assets have an industry-leading historical average mechanical availability of over 99.5%. Our compression operations maximize uptime and, consequently, our customers’ cash flows, while lower emissions assets support our Company’s and our customers’ sustainability goals. The growing share of unconventional production in the U.S. will continue to support the need for compression, which requires more horsepower compared to that of conventional production. Additionally, as customers continue to shift to multi-well pad drilling, they will increasingly require centralized compression models, relying on large horsepower compression units for their natural gas gathering, processing and transportation and gas lift operations. We believe that our industry leading large horsepower fleet, with approximately 81% of our compression units larger than 1,000 horsepower, and our focus on reliability and lower emissions capability will allow us to benefit from growing demand for these types of assets. We have grown our total revenue-generating horsepower since inception in 2011 to approximately 3.2 million horsepower while achieving industry leading fleet utilization and strong margins, and we anticipate adding approximately 1.2 million additional horsepower upon consummation of the Mergers. We believe organic growth opportunities with existing and new customers in our current areas of operation will be a driver of long-term value creation. Increasing well density and the trend toward u...
Business Strategies. 4.4 List of Operation Personnel
Business Strategies. This Collective Bargaining Agreement supports the Port’s strategy of “High Performance Organization.” Term of the Agreement: January 1, 2009 through December 31, 2011. • Effective January 1, 2009: 6.0% Cost of Living Adjustment. • Effective January 1, 2010: 5.5% Cost of Living Adjustment. • Effective January 1, 2011: 6.0% Cost of Living Adjustment. • 2.0% increase to existing 48-month in-grade Sergeant step. • Changes to the following specialty/assignment premiums: o Limit specialty/assignment premiums to the two (2) highest, excluding patrol shift differential.
Business Strategies. The Group strives to become a financial services institution with a comprehensive product and service portfolio that serves its clients globally and meets their various needs for securities and financial services. The Group’s specific strategies include the following: . continue to strengthen the Group’s principal business lines and attract talented professionals; . further develop the Group’s ‘‘capital-based’’ businesses and M&A financial advisory business to increase synergies and cross-selling capabilities among the Group’s business lines; . enhance the Group’s business platform and expand its business; and . enhance the Group’s risk management system, internal control and IT capabilities. Summary Consolidated Income Statement HK$’000 HK$’000 HK$’000 (Audited) (Audited) (Audited) Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . 86,397 153,235 118,943 Revenue and other income . . . . . . . . . . . . . . . . . . 1,484,259 1,570,242 2,194,795 Change in impairment allowance . . . . . . . . . . . . . 20,778 (49,236) (262,322) Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . (1,061,855) (1,065,213) (1,262,083) For the year ended 31 December Operating profit . . . . . . . . . . . . . . . . . . . . . . . . . 2018 HK$’000 (Audited) 422,404 2019 HK$’000 (Audited) 505,029 2020 HK$’000 (Audited) 932,712 Share of results of associates . . . . . . . . . . . . . . . . (179) 26,571 (10,413) Share of results of joint ventures . . . . . . . . . . . . . 41 (91) 734 Gain on disposal of an associate . . . . . . . . . . . . . 15,380 — — Profit before taxation . . . . . . . . . . . . . . . . . . . . . 437,646 531,509 923,033 Income tax expense . . . . . . . . . . . . . . . . . . . . . . . (26,650) (30,870) (71,852) Profit for the year . . . . . . . . . . . . . . . . . . . . . . . . 410,996 500,639 851,181 Attributable to: Shareholders of the Guarantor . . . . . . . . . . . . . . . 407,605 500,567 843,155 Non-controlling interests . . . . . . . . . . . . . . . . . . . 3,391 72 8,026 410,996 500,639 851,181 Earnings per share attributable to shareholders of the Guarantor for the year — Basic/Diluted (in HKD per share) . . . . . . . . . 0.15 0.18 0.31 Summary Consolidated Statement of Comprehensive Income 2018 2019 2020 HK$’000
Business Strategies. The Group strives to become a financial services institution with a comprehensive product and service portfolio that serves its clients globally and meets their various needs for securities and financial services. The Group’s specific strategies include the following: Continue to strengthen the Group’s principal business lines and attract talented professionals The Group intends to build on its established brand name, reputation and competitive strengths and continue to enhance its securities brokerage and margin financing, corporate finance and underwriting, and asset management and advisory businesses, through the following measures: . Securities brokerage and margin financing: The Group plans to attract a wider group of high quality customers and offers more diverse products, such as global stocks, to meet increasingly stronger and diverse customer demand for global asset allocation and management. The Group also intends to upgrade its IT systems to improve customer experience. . Corporate finance and underwriting: The Group focuses on enhancing its corporate finance capabilities and intends to attract more professionals to expand its sector teams and general financial advisory services. The Group places high importance in enhancing its underwriting (equity and debt) and placing capabilities, including customer development and pricing, to increase the revenue and profit contributions of its corporate finance and underwriting business.
