Central China Management (HKG:9982) expects a 60% decrease in net profit for 2024 to about 80 million yuan from 201.2 million yuan a year earlier, according to a Friday filing with the Hong Kong bourse.
The company attributed the profit reduction to the real estate downturn, which resulted in reduced management fees.
The provision of project management services business plan will publish their annual results by the end of March.
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