Together with its joint ventures and associates, Yanlord contracted total pre-sales of RMB22.2 billion in FY2024, down 31.4% over FY2023.
Yanlord Land Group reported a wider loss of RMB3.4 billion for its FY2024, from year-earlier red ink of RMB934 million, no thanks to impairments and write-downs of some RMB5.7 billion on its properties and assets.
Revenue in the same year ended Dec 31 2024 was down 16.1% to RMB36.4 billion, as the China-based developer booked lower development income.
