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Central China New Life Ltd. Achieves Financial Turnaround in 2024

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Central China New Life Ltd. Achieves Financial Turnaround in 2024

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Central China New Life Ltd. ( (HK:9983) ) has shared an announcement.

Central China New Life Ltd. reported a revenue increase of 3.8% for the year ending December 31, 2024, reaching RMB2,952.2 million. Despite a decrease in gross profit by 15.4%, the company turned around its financial performance with a net profit of RMB238.2 million compared to a net loss in 2023. The company’s GFA under management grew by 8.3%, and it announced a final dividend of HK$7.36 cents per share, pending shareholder approval. This financial turnaround and expansion in managed GFA indicate a positive shift in the company’s operations and market positioning.

More about Central China New Life Ltd.

Central China New Life Ltd. operates in the property management industry, focusing on providing comprehensive property management services. The company is known for managing a significant amount of gross floor area (GFA) and has a market focus on expanding its management portfolio.

YTD Price Performance: 4.92%

Average Trading Volume: 670,719

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.66B

See more data about 9983 stock on TipRanks’ Stock Analysis page.

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