Central China Management Reports Substantial Downturn

Central China Management Company Limited (HK:9982) has released an update.

Central China Management Company Limited reported a significant downturn in their operating data for the first seven months of 2024, with a 73.8% decrease in newly contracted gross floor area and a 46.3% drop in contracted sales compared to the same period last year. Despite this, the company still manages a substantial portfolio, with 262 projects under management and an aggregate GFA of over 31 million square meters. The company’s expansion outside Henan includes 39 projects, covering nine provinces and autonomous regions.

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