Central China New Life Forecasts Up to 30% Decline in 2025 Profit

MT Newswires Live

03/16

Central China New Life (HKG:9983) said it expects its 2025 attributable profit to decrease 25% to 30% from the 214.6 million yuan booked in 2024, according to a Hong Kong bourse filing Friday.

Shares of the property manager fell nearly 2% in late morning trade Monday.

The firm attributed the decrease to higher net impairment losses during the year an a decline in gross profit margin.

The company's financial results are due later this month.

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