Yanlord Land chart, Support and Resistance

Yanlord Land Group Limited is a real estate developer based in the PRC that focuses on developing high-end residential, commercial and integrated property projects in strategically selected key high-growth cities in the PRC.

Two new projects:
1. Oasis New Island Gardens (Phase 1) in Nanjing
2. Yanlord Marina Peninsula Gardens (Phase 1) in Zhuhai
were successfully delivered in 3Q16, accounting for 47.5% and 18.0% respectively to the Group’s 3Q16 gross revenue on sales of properties.

14 Nov 16

May 16
1Q 2016 revenue rose 182.3% to RMB2.853 billion
Profit rose 1,583.2% to RMB260.1 million in 1Q 2016.

Aug 16
Group revenue trebled to 7.4 billion yuan from 2.34 billion yuan,
Profit was 89% jump for Q2 ended June 30 to 323.95 million yuan (S$65.5 million).

Oct 16
Revenue surged 84% to RMB 5.5 billion in the quarter ended Sept, from RMB 3.0 billion in 3Q15.
Profit of RMB 564.2 million ($116.7 million) in 3Q16, a 10-fold increase from RMB 55.7 million in the corresponding quarter last year.
In a filing to SGX on Monday, Yanlord Land says this was mainly due to significant increases in gross floor area delivered to customers.
Revenue also increase due to higher average selling price per square metre as a result of a change in the composition of product mix delivered to the customers to include a greater portion of higher-priced projects.