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Mingfa Group Reports 8.3% Decline in 2024 Contracted Sales

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Mingfa Group Reports 8.3% Decline in 2024 Contracted Sales

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Mingfa Group (International) Co. Ltd. ( (HK:0846) ) has issued an announcement.

Mingfa Group (International) Co. Ltd. announced its unaudited contracted sales performance for the year ended December 31, 2024, reporting approximately RMB5.3 billion in sales, marking an 8.3% decrease from the previous year. The sales figures highlight the company’s continued operations across multiple regions in China, with significant contributions from Nanjing, Jiangsu Province, and other key areas. This decline in sales may impact the company’s market positioning and could affect stakeholder confidence.

More about Mingfa Group (International) Co. Ltd.

Mingfa Group (International) Co. Ltd. is a company incorporated in the Cayman Islands, focusing on real estate development and management across various provinces in China. The company operates primarily in the residential and commercial property markets.

YTD Price Performance: -36.42%

Average Trading Volume: 128,791

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$670.3M

For an in-depth examination of 0846 stock, go to TipRanks’ Stock Analysis page.

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