Central China Management’s Mid-Year Slowdown

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

Central China Management Company Limited has reported a significant decrease in newly contracted gross floor area (GFA) by 73.5% for the first half of 2024 compared to the previous year, with a notable year-on-year contraction in both contracted sales and average selling price per square meter by 45.2% and 4.2%, respectively. Despite these setbacks, the company secured ten new projects in June 2024 and managed a total of 262 projects by the end of June. The Group’s expansion outside Henan includes 39 projects, emphasizing its growth in nine other provinces or autonomous regions.

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