6158.HK

Zhenro Properties Group Ltd (6158.HK) said on Thursday its September sales totaled 570 million yuan ($810 million), down 48% from the same month a year earlier. Despite the sharp year-on-year decline, the latest figure was actually up by nearly 33% sequentially from the 430 million yuan in August sales.

The company’s aggregated contracted sales in the first nine months of this year totaled 4.89 billion yuan, down nearly 62% from 12.8 billion yuan in the same period last year. During the period, the company’s aggregated gross floor area sold was approximately 340,000 square meters, also down 60% year-on-year. Its average selling price was 14,400 yuan per square meter, down 3.4% year-on-year.

By Lau Chi Hang

To subscribe to Bamboo Works free weekly newsletter, click here

Recent Articles

Full Truck Alliance deals in trucks

Full Truck Alliance gets new lesson in economics

The trucking company warned that a planned rate hike for its freight brokerage services could lead to a significant decline in that business, which could ‘adversely affect’ its profits Key…
Autohome is an auto trading platform

Autohome deflated by plunging ad sales, car price wars

The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…