Tianjin Jinbin Development Co.Ltd(000897) 3 disclosed the annual report of 2021 on 29 March. In 2021, the company realized an operating revenue of 2.254 billion yuan, an increase of 22.39% over the same period of last year; The net profit attributable to the parent company was 488 million yuan, a year-on-year increase of 142.73%. The increase in income in the current period is mainly due to the completion and delivery of Meijiang H3 project and the partial carry over income that meets the conditions for revenue recognition; The net profit attributable to the parent company increased significantly over the same period of last year, mainly due to the fact that Meijiang H3 project, which carries forward the income in this period, is a wholly-owned subsidiary of Jinbin times development, and the gross profit margin of the project is high.
The company's main business is real estate development and sales, and its business model is mainly independent development and sales. The company's business scope is concentrated in Tianjin and Quanzhou, Fujian.
