HONG KONG, March 2, 2017 /PRNewswire/ -- Jiayuan International Group Limited ("Jiayuan International" or the "Group"; SEHK stock code: 2768.HK), one of the established property developers of large-scale residential and integrated commercial complex projects in mainland China, is pleased to announce that the Group expects to record significant increases of between 90% and 110% in revenue and net profit for the year ended 31 December 2016. The increase in revenue was primarily attributable to the significant increase in the revenue recognized by the Group from the properties sold in the previous financial years and delivered during the year of 2016.
The Group also expects to record an increase of between 180-200% in profit attributable to equity holders for the year ended 31 December 2016. The increase in profit attributable to equity holders was primarily attributable to the significant increase in revenue recognized from the properties as mentioned, and also the one-off gain made in a bargain purchase recognized from the acquisition of an equity interest in a project company by the Company during the year.
Mr. Shum Tin Ching, Chairman of Jiayuan International said, "We are encouraged by the satisfactory performance this year, reflecting the desired achievements driven by the previous operational and investment strategy. We will keep improving operational efficiency and boost sale growth to generate good returns to shareholders."
About Jiayuan International
Jiayuan International is an established property developer of large-scale residential complex projects and integrated commercial complex projects in different major cities in the PRC. With over 20 years of experience in property development, The Group provides different property projects through comprehensive planning, high quality control, sophisticated operating systems and experienced professional teams to meet the needs of different regions and strengthen the Group's brand image. The Group has a portfolio of 25 property development projects in the PRC, including 20 residential complex projects and 5 commercial complex projects covered Changzhou, Nanjing, Yangzhou, Taizhou, Taixing, Suqian and Siyang, as at 31 December 2016. The Group has successfully entered into the market of the Pearl River Delta, extending the business footprint to the major cities in Guangdong Province including Shenzhen.
