Yinzuo Group released its annual report for 2011 recently, showing that its annual sales revenue increased by 24.02% to 10.9 billion yuan, while its profit was down by 21% to 141 million yuan. Net profit attributable to its parent company grew by 4.28% to 116 million yuan.
Yinzuo opened 8 new stores in 2011 in Jinan, Tai’an, Weifang and Linyi with its own fund and fund that was not raised from stock market. It had 57 stores in Shandong and Hebei provinces right now. At the same time, Yinzuo continued to make expansion—choosing sites and signing for new locations.