Mingfa Group (International) Company Limited Reports Significant Drop in Q1 2026 Contracted Sales

Key Highlights from the Latest Voluntary Announcement

• Significant Decrease in Contracted Sales:
  Mingfa Group (International) Company Limited (“Mingfa Group”, stock code: 00846) announced that its unaudited contracted sales for the three months ended 31 March 2026 amounted to approximately RMB519.4 million. This represents a 24.1% decrease compared to RMB684.3 million recorded in the same period of 2025.
• Geographical Breakdown of Sales:
  Sales were diversified across multiple regions, with the largest contributions from:
  • Zhangzhou, Fujian Province: RMB104.0 million (20.0% of total sales, 15,172 sq.m. at RMB6,854/sq.m.)
  • Nanjing, Jiangsu Province: RMB64.7 million (12.5% of total sales, 4,438 sq.m. at RMB14,574/sq.m.)
  • Ma’anshan, Anhui Province: RMB48.3 million (9.3% of total sales, 7,685 sq.m. at RMB6,290/sq.m.)
  • Danzhou, Hainan Province: RMB45.7 million (8.8% of total sales, 6,131 sq.m. at RMB7,460/sq.m.)
  • Wuxi, Jiangsu Province: RMB43.5 million (8.4% of total sales, 5,329 sq.m. at RMB8,172/sq.m.)
  • Xiamen, Fujian Province: RMB36.3 million (7.0% of total sales, 2,889 sq.m. at RMB12,567/sq.m.)
  • Others: Combined RMB35.8 million (6.8% of total sales, 5,351 sq.m. at RMB6,683/sq.m.)

  The total contracted sales for the quarter covered 72,479 sq.m. of properties at an average selling price of RMB7,167/sq.m.

• Other Regional Contributions:
  Additional provinces such as Changsha (Hunan), Fengyang and Qingyang (Anhui), Fengxian and Huai’an (Jiangsu), Nan’an and Quanzhou (Fujian), Shenyang (Liaoning), Zibo (Shandong), and more, each contributed between 1% to 6% of total sales.

Key Issues for Shareholders and Potential Price-Sensitive Information

• Sharp Decline in Contracted Sales:
  The 24.1% drop in year-on-year contracted sales for Q1 2026 is material and may impact the company’s financial position, sentiment among investors, and potentially the share price.
• Geographic Sales Concentration:
  A significant portion of sales is concentrated in a few cities, particularly Zhangzhou and Nanjing. Any future market volatility or regulatory changes in these regions could have an outsized impact on group results.
• Unaudited Figures:
  The numbers provided are unaudited and based solely on contracted sales records. The company expressly advises caution, as these figures are for reference only and may not represent the final audited results.
• Potential for Share Price Movement:
  The magnitude of the sales drop, coupled with the company’s warning to not place undue reliance on the unaudited figures, is information that could be considered price sensitive and may lead to share price volatility.
• Ongoing Uncertainty:
  The company urges investors to exercise caution and seek professional advice when dealing in its securities due to the preliminary nature of the data disclosed.

Board and Management Update

• Board Composition:
  The board remains unchanged, comprising executive directors Mr. Ng Man Fung Walter, Ms. Shang Xuan, and Mr. Huang Zhibin; non-executive directors Dr. Lam, Lee G. (Chairman) and Ms. Chen Bihua; and independent non-executive directors Mr. Lau Kin Hon, Mr. Chu Kin Wang Peleus, and Mr. Chan Sing Lai.
• Company Secretary: Poon Wing Chuen

Conclusion

The latest voluntary announcement from Mingfa Group (International) Company Limited highlights a significant year-on-year decline in contracted sales for Q1 2026. This decrease, alongside the concentration of sales in a few key regions and the unaudited nature of the figures, is highly relevant for investors and may be price sensitive. Shareholders are strongly advised to monitor further announcements from the company, await audited results, and consider seeking professional advice before making investment decisions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on unaudited figures provided by Mingfa Group (International) Company Limited. Investors should exercise caution, consult with professional advisers, and not rely solely on this summary when making investment decisions.

View MINGFA GROUP Historical chart here