Central China Real Estate Limited Reports Steep Year-on-Year Decline in Contracted Sales for February 2026

Key Highlights from the February 2026 Unaudited Contracted Sales Announcement

• Significant Decline in Contracted Sales: Central China Real Estate Limited (“the Company”) reported that its contracted property sales for February 2026 reached RMB580 million. This figure represents a sharp year-on-year decline of 41.5%.
• Drop in Gross Floor Area (GFA): The contracted sales Gross Floor Area (GFA) for the month was 93,807 square metres, down 42.7% compared to the same period last year.
• Average Selling Price Up Slightly: Despite the overall decline in sales, the average selling price per square metre increased by 2.1% year-on-year to RMB6,172.

Performance for the First Two Months of 2026

• Total Contracted Sales: For the period ended 28 February 2026, the Company achieved total contracted sales of RMB980 million, a significant year-on-year decrease of 37.7%.
• Total Contracted Sales GFA: The GFA sold during these two months was 152,443 square metres, marking a 40.3% drop compared to the previous year.
• Average Selling Price (ASP) Continues to Increase: The ASP for the two-month period was RMB6,409 per square metre, an increase of 4.4% from the prior year.

Important Information for Shareholders and Investors

• Potentially Price Sensitive: The sharp declines in both contracted sales and GFA are critical for shareholders and potential investors, as they reflect substantial challenges in the Company’s operational performance and may weigh on investor confidence and share price.
• Data is Unaudited and Subject to Change: The Company has emphasized that the sales data released is derived from internal management records and is unaudited. Final figures disclosed in regular reports may differ.
• Market Uncertainties: Given uncertainties in the property sales process, the data should be viewed as preliminary and indicative rather than definitive.
• Advice to Investors: The Company strongly advises shareholders and potential investors to exercise caution and not to place undue reliance on these figures when trading shares. Seeking professional financial advice is recommended.

Board Composition as of Announcement Date

• Executive Directors: Mr. Wu Po Sum (Chairman), Ms. Yang Feifei
• Non-executive Directors: Mr. Xu Huizhan, Mr. Zhang Hui
• Independent Non-executive Directors: Mr. Cheung Shek Lun, Mr. Xin Luo Lin, Dr. Sun Yuyang

Conclusion

The latest contracted sales data for Central China Real Estate Limited points to a challenging market environment, with steep year-on-year declines in both sales volume and area transacted, despite a marginal increase in average selling prices. These developments are significant and may impact the Company’s financial performance and share price. Investors are urged to monitor upcoming audited results and market developments closely.

Disclaimer: The information presented above is based on unaudited preliminary figures released by Central China Real Estate Limited. The data may differ from the forthcoming audited reports. This article is for informational purposes only and does not constitute investment advice. Investors should exercise caution and consult professional advisors before making investment decisions.

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