Jiayuan International's 2017 Annual Results Announcement Concluded


On March 28th, Jiayuan International (hereinafter referred to as “the Group”) held its 2017 performance conference at the Four Seasons Hotel in Hong Kong. The highlights of the performance included annual revenue and net profit of RMB 6.95 billion and RMB 1.29 billion, respectively, a year-on-year increase of 87.7. % and 59.5%; in terms of profitability, core business profit margin was 34.5%; earnings per share were 62.35 cents, and the board of directors proposed to issue a final dividend of 19 cents per share. As of December 31, 2017, the Group had a land bank of approximately 7.1 million square meters.

Throughout 2017, the trading volume and average price of commercial housing in the country remained at a moderate upward trend. The Group relied on the correct development strategy and adhered to the long-term business philosophy of “Quality is the absolute principle”. The total contracted sales volume reached a record high in the year, a significant increase of 123% compared to last year to RMB 10.37 billion; the total contracted sales area was approximately 1.177 million sq.m. m, an increase of 156% year-on-year.

In order to maintain stable contract sales growth, the Group completed major deals in 2017 through mergers and acquisitions and open market bidding, including the acquisition of three residential projects in Hanjiang District and Guangling District in Yangzhou, and residential properties in the core area of ​​Suzhou. The project, at the same time, through the open market bidding and bidding for a piece of residential and commercial land in Suqian. In addition, the Group entered the Guangdong Province for the first time in 2016 and has successively obtained two quality projects in Shenzhen; and successfully entered the Macau market in 2017, acquiring two high-quality contiguous land parcels in Taipa, Macau, further expanding in the Greater Bay Area of ​​Guangdong, Hong Kong, and Macau. Business layout.

The Group's performance in 2017 was encouraging and reflected the past results of its operation and investment strategy. Looking ahead to 2018, the Group will continue to deepen its efforts in Jiangsu Province, expand its business map to other key provincial capitals, and explore the value of the “Hong Kong, Macau, and Greater Bay Area” urban agglomerations. It will also follow the national “One Belt and One Road” strategic plan. High-quality projects in countries and regions along the route such as Vietnam, Cambodia, and Australia will find value-added land with good growth prospects, gradually increase overseas high-quality land reserves, and grasp global real estate development opportunities. The Group will continue to uphold the strategic goal of “bigger and stronger” and create maximum value for our shareholders.