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Central China Management Company Limited ( (HK:9982) ) has issued an update.
Central China Management Company Limited has released a supplemental announcement regarding its annual results for the year ended December 31, 2023. The announcement highlights a significant increase in impairment losses on trade and other receivables and contract assets, totaling RMB 111,529,000 for 2023, compared to RMB 36,633,000 in 2022. The company states that its credit risk primarily stems from these receivables and assets, but it also ensures limited exposure to credit risk from cash equivalents due to sound financial institution partnerships. The announcement may indicate challenges in collections, impacting financial performance and necessitating careful credit risk management strategies.
More about Central China Management Company Limited
Central China Management Company Limited operates in the management industry, focusing on offering management services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$425.2M
See more insights into 9982 stock on TipRanks’ Stock Analysis page.