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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...

Yincheng Life Service (1922.HK) Celebrates the 1st Anniversary of its Listing

HONG KONG, Nov 6, 2020 - (ACN Newswire) - The leading enterprise in the property management industry in Nanjing and Jiangsu Province, the PRC, Yincheng Life Service CO., Ltd. ("Yincheng Life Service" or "the Company", together with its subsidiaries, "the Group"; Stock code: 1922) is pleased to celebrate the 1st anniversary of its listing on the main board of HKEx.With the effective expansion of business scale and continuous deep cultivation in the industry, the Company is providing more diversified and value-added services Yincheng Life Service's listing on the Hong Kong Stock Exchange on November 6, 2019 ushered in a golden period of development as the Company seizes good opportunities, implements a multi-pronged strategies, achieves record highs in various operating indicators, and attaining remarkable development in operational scale. From 2016 to 2019, the CAGR of the Company's contracted GFA and GFA under management were 45.6% and 58.0%, respectively, reaching 37.3 million sq.m. and 33.7 million sq.m. as of June 30, 2020. The CAGR of revenue and core net profit from 2016 to 2019 were 44.9% and 25.4%, respectively.Yincheng Life Service consistently promotes regional deep cultiv...