In FY2023, revenue increased by 51.1% y-o-y to RMB43.4 billion, led by higher average selling prices for its property development segment.
Yanlord Land Group has reported higher revenue, as well as operating income from development and operations for FY2023 over the preceding year.
However, with more than RMB1.5 billion in fair value losses recognised for investment properties and completed projects which the management "deeply regrets", Yanlord has reported a loss of RMB934 million for the year ended Dec 2023, versus earnings of RMB1.5 billion reported for FY2022.
