Key projects that contributed to the earnings include Yanlord Four Seasons New Gardens in Shenzhen; Riverbay Century Gardens (Phase 1) in Nanjing and Smriti Curtilage in Suzhou.
Yanlord Land Group recorded lower revenue of RMB11.34 billion, down 14% y-o-y. However, as the company sold higher-priced projects that fetched better margins, it was able to report higher earnings instead.
For 1HFY2022 ended June, earnings increased by 67.2% to RMB1.38 billion.
