Yincheng International Holding

What Yincheng International Holding does

Yincheng International Holding Co., Ltd. is a Hong Kong-incorporated real estate developer, founded in its predecessor form in 1993 and reorganized into limited-company form in 2001, that develops quality residential properties across the Yangtze River Delta region of China. The company operated 49 projects across 10 cities (Nanjing, Wuxi, Suzhou, Hangzhou, Zhenjiang, Xuzhou, Wenzhou, Hefei, Ma'anshan, and Taizhou) as of December 2020, with a total land bank GFA of approximately 5.99 million sq.m. Its core technology is a standardized property development procedure covering market analysis, site selection, land acquisition, planning, design, construction, quality control, sales, and customer service, and it commercializes this through five differentiated residential product series (Yi/elderly, Shang/young, Zhi/middle-income, Zhong/upgraders, He/luxury) targeting distinct customer life stages.

The business model is direct sales of residential properties (high-rise apartments, multi-storey apartments, low-density houses) to individual end-buyers through on-site sales offices and showrooms, supplemented by a digital channel of cloud property viewing, cloud sales, and cloud delivery via live broadcasting and mini-programs. Pricing is per-project and per-city, with a 2020 average contracted selling price of approximately RMB 20,125 per sq.m. The company also generates revenue from property management and after-sale services. Revenue is recognized upon property delivery and title transfer, making it a transactional, cyclical model tied to construction milestones and project completions. Geographic reach is single-country domestic (PRC), and the company was listed on the Hong Kong Stock Exchange (1902.HK) from March 2019 until its delisting in March 2025, following a trading suspension that began around September 2023.

Name

Yincheng International Holding

Legal name

Yincheng International Holdings Co., Ltd.

Website

https://yincheng.hk

Company type

Public

Founded year

1993

Operating status

Closed

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Real Estate Property Managers (53131), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

akta.pro secondary industries

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Mixed-Use Property Management (BPAJAGAE)

Keywords

• Residential property development
• Real estate development
• Property management services
• Smart home apartments
• Retirement community housing

Headquarters

HQ city

Nanjing

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Residential Property Sales: Primary revenue from sale of residential properties including high-rise apartments, multi-storey apartments, and low-density houses. Revenue recognized upon property delivery and title transfer to buyers. The company also generates revenue from property management services and other related services.
2. Property Management and Services: Revenue from after-sale services, customer relationship management, and property-related services including community services and facilities management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Yincheng International Holding is a Chinese residential property developer that develops and sells quality residential real estate across the Yangtze River Delta region. The company operates a platform-plus-product-lines model offering five distinct residential series (Yi for elderly, Shang for young, Zhi for middle-income, Zhong for upgraders, He for high-income). Its portfolio includes high-rise apartments, multi-storey apartments, and low-density houses, supplemented by after-sale property management services.

Product overview

Yincheng International Holdings Co., Ltd. is a mature real estate developer in China focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages. The company operates a platform-plus-product-lines model, offering five distinct residential property series (He, Zhong, Zhi, Shang, and Yi) targeting different customer segments from high-income families to elderly residents. The product portfolio spans high-rise apartments, multi-storey apartments, and low-density houses. Notable branded projects include Kinma Q+ Community (smart home youth apartments developed with Tencent), Peaceful Paradise (CCRC retirement community), and various regional developments across Nanjing, Wuxi, Suzhou, Hangzhou, and other Yangtze River Delta cities.

Differentiator

Problem solved

Functional benefit

Brands

• 颐系列 (Yi Series): 安享型健康颐养园区 — low-density residences for elderly customers, focusing on a relaxing and healthy lifestyle with medical and elderly care services.
• 尚系列 (Shang Series)
• 致系列 (Zhi Series)
• 中系列 (Zhong Series)
• 和系列 (He Series)

Products and services

• Yi Series (颐系列) Healthy retirement community residential product line targeting elderly customers seeking relaxing and healthy lifestyle. Features low-density living spaces with original ecological landscape, high value-added property services with elderly personalization, interactive community health service platform integrating medical and elderly care.
• Shang Series (尚系列) Fashionable youth-oriented apartment product line targeting younger customers. Features green health products, layered landscape design, focus on appreciation potential and investment value, personalized young and stylish services with safety features.
• Zhi Series (致系列)

Quantifiable outcome

• Contracted sales increased 17.1% YoY to RMB 23.2 billion in 2020
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• TencentcoreTechnology or Integration · 1 May 2016Strategic technology partnership for the development of Kinma Q+ Community project in Nanjing. The collaboration integrates Tencent's technology capabilities to create a personalized, young and stylish smart home commercial apartment that integrates social, entertainment and business features. This represents a technology integration partnership to develop innovative smart home solutions for young urban customers.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Logan Group: Hong Kong-listed Chinese residential developer historically focused on the Greater Bay Area and Yangtze River Delta with a similar for-sale residential model and comparable scale to Yincheng's 2020 contracted sales.
• R&F Properties: Guangzhou-based Chinese residential developer listed in Hong Kong with comparable for-sale housing operations across multiple Tier-1/2 cities, similarly impacted by the 2022-2024 sector downturn.
• Times China Holdings: Guangzhou-headquartered residential developer listed in Hong Kong with overlapping YRD exposure and a comparable mid-tier for-sale housing model, also navigating the post-2022 China property downturn.
• KWG Group: Hong Kong-listed Chinese residential and commercial property developer with a similar mid-size for-sale housing footprint and exposure to Tier-1/2 cities, making its operating profile directly comparable to Yincheng's.
• Agile Group: Hong Kong-listed Chinese developer focused on for-sale residential property across multiple regions with a comparable revenue and contracted-sales scale to Yincheng's pre-delisting footprint.

Broad incumbents

• China Vanke: One of China's largest national residential developers with broad geographic coverage and significant YRD presence; vastly larger scale but overlapping residential product and customer segments.
• Greenland Holdings: Shanghai-headquartered state-linked Chinese developer with a much larger and more diversified portfolio across residential, commercial and office, but overlapping YRD exposure and broadly comparable residential development operations.
• Shimao Group: Larger diversified Chinese developer with significant residential and hotel exposure, listed in Hong Kong; serves as a broader-incumbent comparable given its overlapping YRD/Tier-2-city residential strategy and well-documented post-2022 distress.
• Sunac China: Major Hong Kong-listed Chinese residential developer with broad national coverage including the YRD, also undergoing restructuring after the 2022 sector shock — useful as a comparable for the delisting/distress trajectory.

Emerging players

• Yincheng Property Services: Former related-party segment of Yincheng International that was spun off and listed separately in November 2019 to focus on property management for Yincheng-developed communities; comparable as an adjacent, ecosystem-related business with shared customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/yincheng-international-holding-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yincheng International Holding