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Central China Management Reports Decrease in 2024 Sales and Contracted Projects

Story Highlights
  • Central China Management reported a significant decline in newly contracted projects and sales in 2024.
  • The company expanded outside Henan but saw a 54.6% drop in contracted sales for the year.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Central China Management Reports Decrease in 2024 Sales and Contracted Projects

Elevate Your Investing Strategy:

Central China Management Company Limited ( (HK:9982) ) just unveiled an update.

Central China Management Company Limited reported its unaudited operating data for December 2024, revealing a decline in newly contracted projects and sales compared to the previous year. The company secured four new projects in December and had a total of 31 new projects for the year, but the newly contracted gross floor area decreased significantly by 64.8% to 2,517,200 square meters. The Group also expanded its management to 33 projects in nine provinces outside Henan, representing 12% of its total projects. Despite these efforts, contracted sales for the year dropped by 54.6% to RMB13,402 million, with a decrease in both sales volume and average selling prices.

More about Central China Management Company Limited

YTD Price Performance: 0.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$425.2M

Find detailed analytics on 9982 stock on TipRanks’ Stock Analysis page.

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