Jiayuan International Group SEHK:2768 Stock Report

Jiayuan International Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022

The board of directors of Jiayuan International Group Limited informed the shareholders of the Company and potential investors that based on the currently available preliminary assessment of the unaudited consolidated management accounts of the Company for the six months ended 30 June 2022 (the "Unaudited Management Accounts"): the Board expects to record a decrease in revenue by approximately 25% for the six months ended 30 June 2022 as compared to the revenue for the six months ended 30 June 2021 of RMB 9,364 million; and the Board expects to record a significant decrease in net profit by approximately 55%-75% for the six months ended 30 June 2022 as compared to the net profit for the six months ended 30 June 2021 of RMB 2,170 million. The decrease in revenue for the six months ended 30 June 2022 was primarily due to a new wave of COVID-19 pandemic outbreak in the Mainland China since the first quarter of 2022 which resulted in a citywide lockdown of Shanghai and some core cities in Yangtze River Delta region. The lockdown restrictions implemented in these cities have caused disruption to the construction work of the Group's property development projects and the transportation of building materials and therefore resulted in a decrease of the total gross floor area delivered by the Group for the six months ended 30 June 2022. The decrease in net profit for the six months ended 30 June 2022 was primarily due to the decrease in revenue as described above and a foreign exchange loss of approximately RMB 500 million arising from the depreciation of Renminbi against U.S. Dollar as opposed to a foreign exchange gain of approximately RMB 75 million for the six months ended 30 June 2021.

Non-Executive Chairman of the Board recently sold HK$16m worth of stock

On the 21st of July, Tin Ching Shum sold around 47m shares on-market at roughly HK$0.33 per share. In the last 3 months, they made an even bigger sale worth HK$75m. Tin Ching has been a seller over the last 12 months, reducing personal holdings by HK$198m.

Jiayuan International Group Limited announced that it has received HKD 667.08 million in funding