Central China Management Company Limited (9982) AI Stock Analysis

• Market Cap: HK$425.22M
• Dividend Yield: 58.55%
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.52
• Revenue Growth: -47.99%
• EPS Growth: -71.43%
• Country: HK
• Employees: 914
• Sector: Real Estate
• Sector Strength: 50
• 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: -0.10
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.52
• 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 sector, primarily focusing on providing comprehensive property management services across various regions in China. The company specializes in offering a wide range of management solutions including property sales, rental services, and community value-added services. Their core services are designed to enhance the living experience of residents and ensure the efficient operation of residential communities.

How the Company Makes Money

Central China Management Company Limited generates revenue through a diversified model that includes property management fees, rental income, and community value-added services. The company earns property management fees by offering maintenance, security, and other essential services to residential communities. Rental income is generated from leasing properties within their managed portfolio. Additionally, they offer community value-added services, such as organizing events and activities for residents, which provide an additional revenue stream. The company may also engage in strategic partnerships with real estate developers to manage new developments, contributing to its revenue growth.

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	77 Outperform	HK$477.09M	6.01	14.22%	―	5.20%	-21.61%
3662	75 Outperform	HK$413.96M	3.97	8.37%	5.04%	-14.98%	-39.71%
9983	65 Neutral	HK$1.47B	6.22	10.96%	13.03%	1.88%	―
9982	62 Neutral	HK$425.22M	5.91	2.63%	58.55%	-47.99%	-71.43%
2107	57 Neutral	HK$367.16M	5.21	-1.62%	10.82%	7.48%	-118.08%
Sector *	54 Neutral	$1.19B	3.69	0.13%	6.34%	-2.13%	-128.06%

Central China Management Company Limited Corporate Events

Central China Management Reports Decline in Contracted GFA for H1 2025

Central China Management Company Limited reported a decrease in newly contracted gross floor area by 47.3% for the first half of 2025 compared to the previous year, reflecting a challenging market environment. Despite the decline in contracted sales and GFA, the company continues to manage a substantial portfolio of projects, with a total GFA under management of nearly 30 million sq. m., and is expanding its presence outside Henan province.

Central China Management Announces Executive Resignation and Trading Suspension

Central China Management Company Limited announced the resignation of Mr. Chen Aiguo as an executive director, effective July 1, 2025, due to family reasons. The company also noted that trading of its shares on the Hong Kong Stock Exchange has been suspended since April 2, 2024, and will remain so until further notice, advising shareholders and potential investors to exercise caution.

Central China Management Updates Board of Directors

Central China Management Company Limited has announced the updated list of its board of directors and their roles, effective from July 1, 2025. This update includes the appointment of Mr. Wu Po Sum as Chairman and non-executive Director, alongside other executive and independent non-executive directors. The announcement also details the composition of the board’s committees, which may impact the company’s governance and strategic direction.

Central China Management Updates on Trading Suspension and Resumption Efforts

Central China Management Company Limited has announced a quarterly update on the suspension of trading of its shares. The company has been working to fulfill the resumption guidance set by the Stock Exchange, including 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 to review its internal control systems, which is the final step in the resumption process.

Central China Management Reports Decline in Contracted Sales Amid Expansion Efforts

Central China Management Company Limited announced its unaudited operating data for the first five months of 2025, revealing a decrease in newly contracted gross floor area by 30.9% compared to the same period in 2024. The company managed 251 projects with a total gross floor area of over 30 million square meters, and despite a decrease in contracted sales by 23.5%, the average selling price per square meter saw a slight increase. The company’s expansion efforts outside Henan province include managing projects across nine other provinces, accounting for 12.1% of its total managed area.

Central China Management Receives Additional Resumption Guidance

Central China Management Company Limited has received additional resumption guidance from the Stock Exchange of Hong Kong to address issues related to its trading suspension. The company is required to fulfill several conditions, including publishing outstanding financial results and conducting an independent internal control review, to resume trading. The company claims to have met most of the requirements and is working on the remaining ones to resume trading as soon as possible.

Central China Management Company Successfully Passes AGM Resolutions

Central China Management Company Limited announced that all proposed ordinary resolutions were successfully passed during its Annual General Meeting held on May 21, 2025. The resolutions included the adoption of financial statements, re-election of directors, re-appointment of auditors, and granting mandates to directors for share-related activities. This successful approval of resolutions indicates strong shareholder support and positions the company for continued operational stability and strategic flexibility.

Central China Management Reports Decline in Contracted Sales and GFA for Early 2025

Central China Management Company Limited reported a decrease in newly contracted gross floor area (GFA) by 54.6% for the first four months of 2025 compared to the same period in 2024, with a total of 182,400 sq. m. contracted. The company managed 252 projects with a GFA of 30,052,065 sq. m. as of April 2025, and expanded its operations outside Henan province, managing projects in nine other provinces. Contracted sales for the projects under management reached RMB3,585 million, marking a 26.8% year-on-year decline, with a decrease in both contracted sales GFA and average selling price per square meter.

Central China Management Announces 2025 AGM with Key Governance Agenda

Central China Management Company Limited has announced its upcoming annual general meeting scheduled for May 21, 2025, in Hong Kong. Key agenda items include the adoption of the 2024 financial statements, re-election of directors, re-appointment of auditors, and granting a general mandate to the board for issuing additional shares. This meeting is crucial for stakeholders as it addresses significant governance and operational decisions that could influence the company’s strategic direction and market positioning.