Yintai Hangzhou Commercial Project: Total Sales Volume Exceeds 2 Billion 400 Million Yuan.

In the Hangzhou market, Yintai business has ten projects, including Hangzhou Wulin store, Qingchun store, West Lake Yintai City, West Yintai City, Zhongtai Yintai city and Yintai first factory outlet in January 2016. In the first half of 2016, the total sales volume of Yintai business was 2 billion 411 million yuan, down 1.98% from last year, and 95 million yuan from rent, an increase of 10.7% over last year.

According to the latest semi annual report released by Yintai business, Yintai business has 45 stores in the country (excluding Yintai IN77), and more than half of the 43 stores that have opened for more than a year have lost sales.

Hangzhou Yinlin Inn, the oldest store in Yintai, has fallen below the 1 billion mark. In the first half of this year, its sales volume was 975 million 800 thousand yuan, down 6.9% from the same period last year.

according to

The mid-term report released in 2016 showed that the total sales volume of the group (the total amount of direct sales proceeds, the total sales of franchised sales, rental income, management fees and the Commission of goods sold) amounted to 8 billion 351 million 700 thousand yuan, down 2.3% from the same period last year.

Franchised sales and direct sales of the same store sales decreased by 4.1% compared with the same period last year.

In the six months ended June 30, 2016, the total revenue of the group was 3 billion 48 million yuan, a decrease of 0.3% compared with the same period last year.

The profit attributable to the parent company was 561 million 100 thousand yuan, a decrease of 21.3% compared with the same period last year.

But in the past 2015, the data of Yintai were not so, but it had experienced double rise.

According to the 2015 annual report of Yintai, the total sales volume of Yintai increased by 6% compared to December 31, 2015, and the net profit of parent company increased by 17.5% over the same period last year.

In this regard, Yintai attributed the rise in profits to the growth of same store sales (0.5%)

Sales performance and rental income growth.

However, it is a pity that Yintai failed to maintain this growth in the first half of this year.

According to the latest semi annual report released by Yintai business, Yintai business has 45 stores in the country (excluding Yintai IN77), and more than half of the 43 stores that have opened for more than a year have lost sales.

Founded in 1998, Hangzhou Yinlin Inn, the oldest store in Yintai, has fallen below the 1 billion mark. In the first half of this year, its sales volume was 975 million 800 thousand yuan, down 6.9% from the same period last year.

Among them, lakeside Yintai IN77 was sold by Yintai business in May 26, 2015 for 305 million yuan to sell the 50% rights and interests of Hangzhou new lakeside Business Development Co., Ltd. to Shen Guojun's wholly owned Art Capital, which means that Yintai business no longer owns the new lakeside commercial stake, and the lakeside in77 two phase will be separated from Yintai business.

Another heavy asset system.

So in the six months' operation statistics released by Yintai business for the month ended June 30, 2016, we did not see the silhouette of IN77.

In addition, in August 2009, Yintai business announced the sale of Hangzhou lakeside international business development company (the 50% property rights of lakeside street, in77 commercial property and operation management), priced at 210 million yuan, plus 302 million yuan loan. The take over party is a real estate company in Beijing, and the largest shareholder is Shen Guojun.

After these two pfers, the entire in77 plate composed of several parts, such as lakeside phase I and two phase, is unified and controlled by Shen Guojun.