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China Yuanbang Full Year shows robust Growth
China Yuanbang Property Holdings Limited announced its full year results. Full year revenue was up 53% year-on-year to RMB 1328.3million while full year PATMI was up 49% year-on-year to RMB 143.7million. The results were attributed to sales from 3 development projects. The projects are Aqua Lake Grand City Phase 2 in Nanchang, Jiangxi Province and Shan Qing Shui Xiu and Ming Yue Jin An in Guangzhou City, Guangzhou Province. There was also higher rental income from commercial units in its Wenchang Project due to more units rented out at a higher rate. Going forward, China Yuanbang is positive on the longer term growth prospects of the China Property Market.
GET TO THE POINT : Despite the general impression that the China Property Market is challenging, China Yuanbang is still delivering growth
(Picture from China Yuanbang Property Holdings Limited, Ming Yue Jin An Project)
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