Yincheng International Holding Announces 2022 Interim Results
HONG KONG, Aug 26, 2022 - (ACN Newswire) - 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 unaudited consolidated interim results for the six months ended 30 June 2022 (the "Period").
- HONG KONG, Aug 26, 2022 - (ACN Newswire) - 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 unaudited consolidated interim results for the six months ended 30 June 2022 (the "Period").
- During the Period, the Group's revenue increased by approximately 20.9% YoY to approximately RMB 4.58 billion.
- Net profit margin remained roughly the same as that from the same period last year at approximately 7.3%.
- During the Period, the Group recorded contracted sales of approximately RMB6.57 billion, which drop was in line with the overall trend amongst its peers.