Family Office Pioneer Delin Holdings (01709.HK): Ten years of precipitation is only for deep ploughing, earning more than HK$200 million in the whole year

"Dig a well in ten years, we only insist on doing one thing well." Jiang Xinrong, the helmsman of the Delin Holdings (01709.HK) system, who is deeply involved in China's ultra-high-net-worth family customers, proudly explained the origin of the name "Delin" that she and her husband Chen Ningdi founded: "The great victory depends on Virtue, and Wanmu is the forest."

Delin Holdings announced its first year of post-transformation results, benefiting from strong growth in the financial sector, with gross profit increasing by more than 7 times to HK$245 million as of March this year, earning HK15.06 cents per share and ending at HK3.58 cents.

After the successful acquisition of Delin Securities and Delin Finance, the Group entered the financial services industry, with assets under management amounting to RMB4.17 billion during the period. As at the end of March this year, the Revenue of the Financial Services Segment, which provides licensed business, was approximately HK$288 million, representing a significant increase from HK$12.9 million in 2020, while the segment's profit was approximately HK$1.5 million. HK$7.8 billion is an explosive increase from HK$3.9 million in 2020.

Behind the explosive growth is the creation of a healthy ecological environment within Delin, and the group's financial services have three major businesses: capital market services focusing on investment banks, family offices that provide wealth management for wealth management for wealthy families, and alternative investment funds focusing on special investment opportunities. This "troika" also provides the group with minimal risk and obtains stable long-term returns.

As for the differences with other securities companies, Lang Shijie, CEO of Delin Securities, explained that the group focuses on the relationship with the top customers and insists on tailoring financial solutions for customers for a long time.

Even if the Group's profits were slightly dragged down by the underperforming apparel business during the epidemic, with a loss of HK$5.5 million, the Group would not abandon the apparel market. Ai Kuiyu, chief marketing officer, said that clothing is a necessity for the people and has its value.

Ms. Jiang Xinrong, co-founder, chairman and executive director, said that the market targeted by Delin can be expected in the future, she said: "We have the advantage of being a first mover, ten years of experience and resources, and what Delin has to do in the future is to deepen the industry." Even though the number of target customers is relatively small, the global wealth that can be leveraged is enormous. ”

For future development, Executive Director and Chief Executive Officer Ningdi Chan stressed that the Group will continue to promote the securities and capital markets business, mainly high-net-worth families and their corporate clients, and cooperate with institutions to carry out family office and high-end wealth management business. He said: "The Group will deepen its existing asset management business and the total asset management volume will increase to HK$20 billion. ”

Text: Huang Jingqian

This article originated from Caihua Network