Mingfa Group records RMB1.06 billion in unaudited contracted sales for 1H26, down 21.4% year on year

Bulletin Express
07/23

Mingfa Group (International) Company Limited reported unaudited contracted sales of approximately RMB1.06 billion for the six months ended 30 June 2026, a 21.4% decline from roughly RMB1.40 billion in the prior-year period.

The Group sold a total gross floor area of 148,736 sq m during the period, translating into an average selling price (ASP) of about RMB7,115 per sq m.

Regional contribution remained diversified. Projects in Zhangzhou, Fujian generated the largest share of sales at RMB187.40 million, or 17.7% of the total, supported by an ASP of RMB6,611 per sq m. Nanjing, Jiangsu contributed RMB151.60 million (14.3% of total) with the highest provincial ASP among major contributors at RMB13,605 per sq m. Ma’anshan, Anhui ranked third, adding RMB89.20 million (8.4% of total). Collectively, the top three cities accounted for 40.4% of Group sales. Other projects, spanning multiple locations, delivered RMB108.80 million, representing 10.4% of the total.

Management emphasised that the disclosed figures are unaudited and may differ from numbers to be presented in the forthcoming interim report. Investors are advised to interpret the data with caution and seek professional advice when evaluating the company’s securities.

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