Central China Management Company Limited (9982) AI Stock Analysis

• Market Cap: HK$425.22M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.08
• Revenue Growth: 5.32%
• EPS Growth: 9.79%
• Country: HK
• Employees: 914
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 3,865,617,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: ―

Central China Management Company Limited's stock demonstrates a strong balance sheet and attractive valuation, but the significant decline in revenue and cash flows presents major risks. Technical analysis suggests potential overbought conditions, which could limit short-term upside. The high dividend yield is a positive, yet investors should be cautious due to the company's financial and liquidity challenges.

Central China Management Company Limited Business Overview & Revenue Model

Company Description

Central China Management Company Limited (9982) is a prominent player in the real estate management industry, primarily focusing on property management services in China. The company specializes in offering comprehensive property management solutions, including residential, commercial, and public properties. It is renowned for its expertise in enhancing property value and delivering high-quality management services through its experienced team and innovative approaches.

How the Company Makes Money

Central China Management Company Limited generates its revenue primarily through management fees charged for its property management services. The company's key revenue streams include service fees from residential and commercial property management, consultancy fees for real estate development, and ancillary services such as cleaning, security, and maintenance. Strategic partnerships with real estate developers and property owners significantly contribute to its earnings by expanding its portfolio of managed properties and enhancing service offerings.

Central China Management Company Limited Financial Statement Overview

Summary

Central China Management Company Limited exhibits strong operational efficiency and profitability, with high EBIT and EBITDA margins. However, the company faces substantial risks due to a significant decline in revenue and cash flows from 2023 to 2024. The robust balance sheet with minimal leverage provides financial stability, but the challenges in revenue generation and cash flow conversion require strategic adjustments.

Income Statement

The company has experienced a notable decline in revenue from 2023 to 2024, with a sharp decrease of approximately 46%. While gross and net profit margins remain high at 100% and 25.8% for 2024, the significant drop in revenue is concerning. The EBIT and EBITDA margins are also high at 38.2% and 40.5% respectively, indicating strong operational efficiency. However, the declining revenue trend poses a risk to future growth.

Balance Sheet

The balance sheet is robust with a very low debt-to-equity ratio of 0.002, signifying minimal leverage and financial risk. The equity ratio is strong at 82.1%, indicating a stable financial structure with a high proportion of equity financing. Return on equity for 2024 is healthy at 2.6%, although lower than in previous years, reflecting the impact of declining net income.

Cash Flow

Operating cash flow has decreased significantly from 2023 to 2024, with a drastic decline in free cash flow as well. The free cash flow to net income ratio is low, indicating challenges in converting income into cash. However, the company has effectively managed investing and financing activities, maintaining a positive cash flow balance. This decline in free cash flow growth highlights potential liquidity risks.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	252.03M	468.38M	605.68M	1.30B	1.15B
Gross Profit	252.03M	468.38M	605.68M	1.30B	1.15B
EBITDA	102.07M	191.59M	422.60M	1.03B	925.64M
Net Income	65.13M	198.57M	303.48M	770.15M	681.47M
Balance Sheet
Total Assets	3.09B	3.13B	2.69B	2.90B	1.68B
Cash, Cash Equivalents and Short-Term Investments	2.48B	1.85B	1.57B	1.98B	384.60M
Total Debt	4.73M	7.85M	3.10M	6.07M	12.35M
Total Liabilities	543.10M	706.36M	515.50M	575.40M	667.66M
Stockholders Equity	2.54B	2.42B	2.18B	2.32B	1.01B
Cash Flow
Free Cash Flow	1.56M	372.16M	125.92M	510.53M	610.94M
Operating Cash Flow	1.60M	372.21M	134.50M	523.49M	614.72M
Investing Cash Flow	725.63M	-256.59M	-96.90M	537.68M	-373.72M
Financing Cash Flow	-82.43M	153.22M	-452.39M	529.98M	-201.78M

Central China Management Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Neutral
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9982, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9982.

Central China Management Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2165	―	HK$511.38M	6.54	11.46%	―	5.01%	-31.83%
3662	―	HK$326.81M	7.67	3.28%	6.38%	-14.43%	-77.55%
9982	―	HK$425.22M	7.01	2.19%	―	5.32%	9.79%
9983	―	HK$1.17B	4.98	11.48%	11.59%	-2.61%	―
2107	―	HK$312.09M	―	-4.06%	13.33%	6.30%	-128.34%
Sector *	―	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Central China Management Company Limited Corporate Events

Central China Management Reports Decline in Contracted Sales and GFA

Central China Management Company Limited reported a decrease in newly contracted gross floor area (GFA) by 44.5% for the first nine months of 2025 compared to the same period in 2024, with 13 new projects and a total of 462 contracted projects under management. Despite a 20% year-on-year decrease in contracted sales, the company saw a slight increase in the average selling price per square meter, reflecting a challenging market environment but potential pricing power.

Central China Management Continues Trading Suspension Amid Compliance Efforts

Central China Management Company Limited has announced a continued suspension of trading of its shares on the Hong Kong Stock Exchange. Despite the suspension, the company’s business operations remain unaffected. The company has been working on fulfilling the resumption guidance set by the Stock Exchange, which includes publishing outstanding financial results, ensuring compliance with listing rules, and conducting an independent internal control review. The company has appointed McMillan Woods (Hong Kong) CPA Limited as an independent consultant to review its internal control systems, and a draft report has already been submitted.

Central China Management Sees Decline in Contracted Sales Amid Expansion Efforts

Central China Management Company Limited reported a decrease in newly contracted gross floor area by 45.1% for the first eight months of 2025 compared to the same period in 2024, with a total of 12 new projects. The company is expanding its operations outside Henan province, managing projects across nine other provinces, which now account for 12.6% of its total managed GFA. Despite a 20% decline in contracted sales to RMB7,280 million, the average selling price per square meter increased by 1.4% year-on-year, indicating potential resilience in pricing amidst a challenging market environment.

Central China Management Reports Decline in H1 2025 Financial Results

Central China Management Company Limited reported a decrease in revenue and net profit for the first half of 2025, with revenue down by 4.5% and net profit falling by 23.4% compared to the same period in 2024. The company did not propose an interim dividend, indicating a cautious approach amid financial challenges. The results reflect a challenging market environment, impacting the company’s profitability and potentially affecting stakeholder confidence.

Central China Management Reports Decline in Contracted Projects and Sales for 2025

Central China Management Company Limited reported a decrease in newly contracted projects and gross floor area for the first seven months of 2025, with a 47.3% decline compared to the previous year. Despite this, the company managed 249 projects with a total gross floor area of over 29 million square meters. Contracted sales also saw a decline of 22% year-on-year, reflecting challenges in the market. The company is expanding its operations beyond Henan, managing projects in nine other provinces, which now account for 12.6% of its total managed area.

Central China Management Announces Upcoming Board Meeting for Interim Results

Central China Management Company Limited has announced that its board of directors will hold a meeting on August 25, 2025, to approve the interim results for the first half of the year and discuss the potential payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns for stakeholders, impacting its positioning in the real estate management industry.