Adhering to Jiayuan International’s core development strategy of focusing on “major cities and selected key towns”, the Group has a portfolio of 32 property development projects in the PRC, including 24 resident complex projects and 8 commercial projects covered Nanjing, Yangzhou, Nantong, Taixing, Taizhou, Changzhou, Zhenjiang, Taicang, Suqian, Siyang. Jiayuan International first successfully entered into the market of the Guangdong Province and acquired 2 quality projects in Shenzhen in 2016.In 2017, the Group acquired the land in Macau and further expanded the Group's quality land bank in Guangdong-Hong Kong-Macao Bay Area.
Recalling the first half of 2017, in the central classification control, due to the measures of the city policy, the national real estate market gradually return to rational, steady growth, but sales remain high. According to the National Bureau of Statistics data, from January to June 2017 China's commercial housing sales area of 750 million square meters, an increase of 16.1%; sales amounted to 5.9 trillion yuan, an increase of 21.5%. Group benefited from the first and second tier cities of real estate spillover, and grasp the opportunity to bring this round of control, to take an active sales strategy, so that the second and third tier cities to achieve steady growth in property sales.
In the first half of the year, the Group maintained a strategy of focusing on the region, with significant growth in key operating indicators. For the six months ended June 30, 2017, the Group's sales of property contracts amounted to approximately RMB3.87 billion, representing a substantial increase of approximately 93.0% over the same period in 2016. The property contract sales area was approximately 467,000 square meters, significantly higher than the same period in 2016 An increase of about 164.4%. Group income increased by approximately 38.6% to approximately RMB2.91 billion over the same period in 2016. Profit attributable to shareholders increased by approximately 35.3% to RMB515 million from approximately RMB381 million in the first half of 2016. Earnings per share of about 26.91 points, compared to the same period in 2016 increased by about 18%.
In the second half of 2017, the Group will continue to focus on Jiangsu Province, and will also pay attention to other provinces such as Hainan Province, real estate trends, and with the Group's strategic development, focusing on expanding the Pearl River Delta region, and actively participate in urban renewal projects to obtain high-quality land reserves , To enhance the Group's market share in China. In addition, the Group takes Hong Kong as a business development center and follows the strategic planning of the country's "all the way along the way" to develop high-quality projects such as Vietnam, Australia and other countries, and gradually increase the Group's overseas land reserves to better grasp the global real estate Opportunities for development. The Group will flexibly respond to market changes and continue to focus on market risks and create the greatest value for our shareholders.
After the listing of the Company's shares on March 8, 2016 (the "Listing Date") on the Main Board of the Stock Exchange, the Group also develop a number of domestic and foreign financing channels to further optimize the capital structure and reduce the financing costs. The Group believes that diversified financing channels will lay a solid foundation for the Group's long-term sustainable growth.