Yincheng International Holding Announces 2021 Interim Results
HONG KONG, Aug 20, 2021 - (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) is pleased to announce its unaudited consolidated interim results for the six months ended 30 June 2021 (the "Period").During the Period, the Group achieved contracted sales amount of approximately RMB 16.5 billion, representing an increase of 170% YoY. Revenue of approximately RMB 3.79 billion. The gross profit was approximately RMB 689.3 million with gross profit margin increased by 2.5 percentage points YoY to 18.2%. The profit for the period was approximately RMB 298.1 million, and the net profit margin increased by approximately 1.3 percentage points YoY to 7.9%. Ample Land Reserve Resources Enable Precise Key Market DeploymentYincheng International Holding consistently adhered to the development strategy of "based in Nanjing, cultivate the Yangtze River Delta Megalopolis". During the period, the Group...
