KWG Group Holdings Faces Sharp Downturn in December Pre-sales as Revenue Plunges Over 56%
Link: https://links.sgx.com/1.0.0/corporate-announcements/AU6Q6PKB28YETC8O/61188b12a189228789cc08fdbefe86b6968fe85b8f2b8786adfe369d5bc76cd5
Summary:
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Pre-sales value for December 2025 reached RMB420 million, marking a significant year-on-year decline of 56.7% for the Group and its joint ventures and associates
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Pre-sales area contracted sharply to approximately 14,600 square meters, representing a 71.1% year-on-year decrease, signaling a slowdown in sales volume
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Unaudited operating statistics are based on preliminary internal information and may differ from figures disclosed in audited consolidated financial statements due to various uncertainties in collating sales data
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Board comprises seven Directors led by Chairman Kong Jianmin, with Kong Jiantao serving as Chief Executive Officer, alongside three Independent Non-executive Directors providing governance oversight
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Company issued a cautionary statement advising investors to exercise caution and not place undue reliance on the preliminary data when dealing in the company's securities, recommending consultation with professional financial advisers for investment decisions