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RADIUM (2547 TW) Holds the 2021 Shareholders Meeting
Listed company RADIUM Life Tech. Co., LTD. (2547 TW) held the 2021 shareholders meeting to approve 2020 financial report. The 2020 consolidated revenue was NT$ 6.77 billion, net profit attributable to owners of the company was NT$ 622 million, and EPS NT$0.69. The Company plans to distribute cash dividend per share to shareholders NT$0.62.
Rong-Shian Lin, Chairman of RADIUM, said that despite Covid-19 pandemic continues in 2021, subsidiaries of Radium group are fortunately able to support each other along with accelerating digital transformation. For construction business, Radium group signed contract in May 2021 to develop “the urban renewal project of Lot 246, Subsection 2 Gongyuan Section, Zhongzheng Dist., Taipei City.” Radium plans to develop an A-class, smart green office building at the very center of Taipei public transition network, with 26-floor high and 5-floor undergrounded design constructing with steel structure and 5G smart operation management system.
Radium group works hard also at the central and southern Taiwan. In February 2020, Radium signed urban renewal project “Kaohsiung Railway Station East Old Dormitory Area Urban Renewal Project” with the Taiwan Railways Administration to develop 8,378 pings land base. After that, in December 2020, Radium signed two investment contracts with the Taichung City Government. The two Taichung MRT system projects, Wenxin Chongde Station and Wenxin Yinghua Station with land bases of around 700 pings and 500 pings respectively, will be developed following transit-oriented development (TOD) model. In addition, Radium was also awarded in July 2021 by Taichung City Government the best applicant for MRT system project at Nantun Station. Nantun Station has a site area of around 771 pings. The three MRT projects will be constructed directly adjacent to their respective MRT stations to play the landmark roles along Taichung MRT system.
Since Taiwan has become an aging society, Taiwan senior caring policy targets to reach "90.6.4," indicating 90% of the elderly to get eldering caring service in their own houses, 6% to be provided by the society, and 4% to be cared by the institutes. In line with that, Radium invested into elderly caring business in 2018 and built up excellent reputation from its elderly house in Zhonghe “Le Tau Chu Senior Happiness Home” with resident satisfaction reaching 95.2%. Extending from that, Radium develops “Radium Silver Life Project” starting with “The Genesis-Sanzhi.” The eldering caring project announced in January 2021 and sales were increasing since then despite Covid-19 pandemic. To keep developing as scheduled, Radium has signed contract with subsidiary Titan Development and Construction to develop phase 2 of Genesis Sanzhi project- east side, contracted amount NT$ 2.198 billion. With base of 4,656 pings and a total floor area approximately 15,231 pings, east side of Sanzhi project is expected to be completed by end of 2023.
As for operating business, which is more affected by Covid-19 pandemic, Radium group makes good use of the crisis to speed up digital transformation. The department store subsidiary Q Square has expanded its digital channels to provide multiple online services and boost its online revenues, including Q Square live broadcast, FB online shopping, Q Square i shopping Q online, and food delivery platform QQ gourmet, etc. While subsidiary Radium-Kagaya International Hotel, with high level hotel image and award of ”2020 Taiwan Service Industry Awards - Gold Medal in Hotel Industry (Leisure and Resort),” has strengthened its website tour packages, FB live broadcasts and cooperation events with Q Square, to increase Kagaya’s direct sales and customer loyalty.
For circular economy business, subsidiary Rih Ding Water Enterprise Co., Ltd. has constructed Taoyuan North District Wastewater Treatment Facility and managed the BOT sewerage system project since then. The wastewater treatment facility, located on a 7,610- hectare lot, had processed over 17 million metric tons of wastewater in 2020. At end of December 2020, Rih Ding Water had added an additional 115 kilometers of pipeline to the underground network and completed the goal of treating 100,000 metric tons of sewage daily. Moreover, with patented BioNET and membrane bioreactor (MBR) filtration technology, Rih Ding Water can generate up to 30,000 tons of reusable water a day. By end of first quarter of 2021, the company has managed Taoyuan sewerage system to reach 101,000 households. Another subsidiary Rih Zuan Green Energy has installed solar panels in Qishan, Kaohsiung which generates 3 million kWh per year. The electricity returned to the grid should be enough to supply needs of around 1,546 residents in the Greater Kaohsiung per year.
Furthermore, in 2020, Radium entered into a partnership with ECOVE Environment Services Corp., an affiliate of CTCI Corporation, and has been awarded the BOT Project of Resource Processing Center in Changhua Coastal Industrial Park by Industrial Development Bureau. Jing Ding Green Energy Technology Co., Ltd. was established to manage operations for the said BOT project over the next 20 years. An environmental impact assessment is currently underway. The project looks to process an estimated 700 tons of general industrial waste, sludge, waste oil, and waste daily once operations are up and running.
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Architectural Design Drawing for “the urban renewal project of Lot 246, Subsection 2 Gongyuan Section, Zhongzheng Dist., Taipei City”
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