Mhome Group Records Surging Annual Growth in 2019 Following Strategic Layout Innovation and Prefabricated Construction Market Growth.

WUHAN, China: Mhome Group (000667.SZ) ("the company"), a top Chinese real estate developer headquartered in Wuhan, released its 2019 annual report. Last year, Mhome Group's operating revenue reached CNY 3.66 billion (USD 516.55 million) -- a 45.19% increase year-on-year. Advance from customers in 2019 reached CNY 9.01 billion (USD 1.27 million) with a 31.19% year-on-year increase. Net profits attributable to shareholders of the listed company reached CNY 66.88 million (USD 9.44 million). Cash and cash equivalents assets of Mhome increased to CNY 2.54 billion (USD 358.01 million). This is the third consecutive year that Mhome Group has recorded an increase in its cash assets, which places the company in a strong financial position for future growth.

Mhome Group's strategic business layout of smart housing manufacturing and modern agriculture has cemented its position as a leader in the new era of infrastructure development. 2019's positive results come off the back of the company's industry-leading approach to smart housing manufacturing and demonstrates the immense potential of China's prefabricated construction market. The company garnered significant attention from global investors last year - Mhome Group stock was listed on the FTSE Russell and S&P Dow Jones Indices and between December 31, 2019 and June 1, 2020, foreign ownership of shares increased 70% from 10.39 million to 17.72 million.

In 2019, through its technology-centric approach and standardization of design, product configuration and components, Mhome Group enhanced its competitiveness and achieved a total contracted amount of CNY 6.74 billion (USD 951.79 million) in traditional property development business units and CNY 3.90 billion (USD 549.69 million) in prefabricated construction business units. The company has also introduced multiple international advanced assembly...