Central China Management Faces Decline Amid Expansion Efforts

Central China Management Company Limited (HK:9982) has released an update.

Central China Management Company Limited reported a significant decrease in its contracted projects and sales for the ten months ending October 2024, with a 69.8% drop in newly contracted gross floor area compared to the previous year. Despite securing four new projects in October, the company experienced a 48.1% decline in contracted sales value, highlighting challenges in its growth trajectory. The company continues to expand outside Henan, managing projects across nine other provinces, though these account for a smaller portion of its overall portfolio.

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