Yahoo Finance Yanlord posts 14.3% increase in contracted pre-sales to RMB68.1 bil for FY2022
Yanlord's unaudited FY2022 figures shows growth in contracted pre-sales.
Yanlord Land Group announced that it has achieved a 14.3% y-o-y growth in contracted pre-sales for its FY2022 ended December 2022 period to RMB68.1 billion ($13.4 billion).
However, total contracted gross floor area (GFA) for FY2022 was 23.3% lower y-o-y at about 1.4 million sqm.
For the month of December 2022, the group together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks amounted to approximately RMB6.124 billion on contracted GFA of 191,442 sqm, a decrease of 33.6% and 40.7% respectively compared to the corresponding period of 2021.
In addition, a total of approximately RMB2.691 billion of subscription sales of the group together with its joint ventures and associates was recorded as at end December 2022 and is expected to be subsequently turned into property contracted pre-sales in the following months.
In December 2022, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB170 million on contracted GFA of 10,368 sqm. For FY2022, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB9.600 billion on contracted GFA of 180,696 sqm.
Shares in Yanlord closed at $1.06 on Jan 6.
Photo: Yanlord
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