HONG KONG, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. ("Yincheng International Holding" or the "Company", together with its subsidiaries, the "Group", Stock code: 1902.HK) is pleased to announce its audited consolidated annual results for the year ended 31 December 2021 (the "Year").During the Year, the Group recorded a revenue of approximately RMB8.75 billion. Gross profit was approximately RMB1.51 billion, representing an increase of 30.1% YoY. Gross profit margin was approximately 17.2%, representing an increase of 6.4 percentage points. The Group's profit for the year increased by 25.7% YoY to approximately RMB48.5 million, net profit margin was approximately 5.5%, representing an increase of 1.9 percentage point. Profit attributable to owners of the parent for the Year was approximately RMB142 million.Precise Deployment in Key Cities with Sales and Payment Collection Recording a Record HighIn 2021, under the influence of the COVID-19 pandemic and the downturn in the i...