Mingfa Group’s 2025 Contracted Sales Halve Amid Ongoing Property Market Pressures

Mingfa Group (International) Co. Ltd. ( (HK:0846) ) just unveiled an update.

Mingfa Group (International) Company Limited reported unaudited contracted sales of approximately RMB2.4 billion for the year ended 31 December 2025, marking a sharp decline of about 54.7% from roughly RMB5.3 billion a year earlier. The sales were generated from a total contracted area of about 381,440 square metres at an average selling price of RMB6,331 per square metre, with key contributions from cities such as Nanjing, Zibo, Ma’anshan, Danzhou and Changsha, while no single market dominated the portfolio. The steep year-on-year drop in contracted sales underlines the ongoing pressures facing the company amid a challenging Chinese property market and may signal continued headwinds for its revenue and cash flow, prompting the company to caution shareholders and potential investors against placing undue reliance on these unaudited figures.

The most recent analyst rating on (HK:0846) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Mingfa Group (International) Co. Ltd. stock, see the HK:0846 Stock Forecast page.

More about Mingfa Group (International) Co. Ltd.

Mingfa Group (International) Company Limited is a Cayman Islands–incorporated property developer listed in Hong Kong, focusing on real estate projects across multiple mainland Chinese cities, including Nanjing, Zibo, Ma’anshan, Danzhou, Changsha and other provincial markets. The group’s operations span residential and related property developments, with contracted sales generated from a broad geographic footprint in Jiangsu, Shandong, Anhui, Fujian, Hainan, Hunan, Guangdong, Liaoning and other regions.

Average Trading Volume: 193,307

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$694.7M

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