Jiayuan International Announces Annual Results Net Profit of RMB 1.86 Billion


On March 27th, Jiayuan International (hereinafter referred to as “Group”) held a press conference at the Four Seasons Hotel in Hong Kong to announce the audited full-year comprehensive results as of December 31, 2018. During the period under review, the Group's annual revenue and net profit were RMB 10.46 billion and RMB 1.86 billion, respectively, an increase of 37.5% and 38.6% over the same period of last year. In terms of profitability, core net profit increased by 32.5% year-on-year to RMB 1.46 billion. Interest rates have remained above 30% for three consecutive years. In addition, the Board of Directors also recommended a final dividend of 11 HK cents per share. If it is an interim dividend of 10 HK cents per share, the Group will pay a total dividend of 21 HK cents per share.

Throughout 2018, the Group's business has achieved significant growth under the severe real estate control. By accurately grasping the development opportunities of China's sustained economic growth, and implementing the development model of “real estate-based, multi-parallel”, the annual contract sales amount Increased substantially. As of December 31, 2018, the Group's contracted sales amounted to RMB 20.18 billion, a significant increase of 94.6% over the previous year; the contracted sales area was 1.787 million square meters, an increase of 51.8% year-on-year; the contracted sales average price was RMB 11,292 per square meter. Yuan, an increase of 28.1% year-on-year.

The Group has more than 20 years of experience in real estate development since its inception, and its land bank is an important cornerstone for the company's development. In 2018, the Group successfully entered a number of key cities with strong growth potential through various modes such as project mergers and acquisitions, open bidding and joint venture development, and at a lower premium in Hong Kong, Shanghai, Taizhou, Changzhou, Jiangmen, Guiyang and Urumqi. 13 high-quality projects were obtained in 8 regions including Cambodia, with a total construction area of ​​approximately 3.9 million square meters. As of December 31, 2018, the Group had a total of 45 projects, distributed in 16 domestic and overseas cities, with a total land area of ​​9.2 million square meters, of which the Yangtze River Delta region accounted for 66%, Guangdong, Hong Kong and Macau Bay Area 15%, other key capital cities and areas along the Belt and Road route accounted for 9% and 10% respectively, which is believed to be sufficient for the development of the Group in the next three to five years.

In the face of the challenges and opportunities brought about by the new situation in the industry, the Group has always adhered to the core values ​​of “Quality is an unyielding principle, and will continue to maintain high quality development, accelerate the pace of push and return, to protect cash flow and investment. Good performance in return. Looking forward to 2019, the Group will continue to follow the national “13th Five-Year” development plan. In the regional layout, the Guangdong, Hong Kong and Macau Dawan District, the Yangtze River Delta Economic Zone and key provincial capital cities, and the cities along the “Belt and Road” will be the three deep-growing areas. At the same time, we will expand our diversified business to enhance the overall profitability of the Group and create maximum value for our shareholders.