Jiangsu Zhongnan Construction Group (SHE:000961) generated a cumulative contract sales amount of 7.99 billion yuan for the first five months of the year, up 59.7% from the prior year, the company said in a Thursday filing on the Shenzhen Stock Exchange.
The sales area dropped 60.2% year on year to 666,000 square meters for the same comparable period.
In May alone, the Chinese construction company generated 1.56 billion yuan in contracted sales, with gross floor area sold reaching 123,000 square meters.
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