Central China Management’s Operational Slowdown

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

Central China Management Company Limited reports a significant contraction in its operational performance, with a 81.6% decrease in newly contracted gross floor area (GFA) and a 38.1% drop in contracted sales in the first five months of 2024 compared to the same period last year. Despite the downturn, the company managed to secure one new project outside its main province, Henan, contributing to its portfolio of 267 projects under management and a cumulative contracted GFA of over 53 million square meters as of May 2024.

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