CHINA OVERSEAS (00688) announced its interim results, with a profit attributable to shareholders of approximately HKD 7.03 billion, a decrease of 18.24% year-on-year. A dividend of 23 Hong Kong cents per share will be distributed.
China Overseas Development (00688) announced its mid-year results for 2026, with revenue of approximately 97.6 billion yuan, a year-on-year increase of 17.28%; the company's attributable profit to shareholders was about 7.03 billion yuan, a year-on-year decrease of 18.24%; earnings per share were 0.64 yuan, and the interim dividend was 23 Hong Kong cents per share.
CHINA OVERSEAS (00688) announced its mid-term results for 2026, reporting revenue of approximately 97.6 billion yuan, a year-on-year increase of 17.28%; the profit attributable to shareholders was approximately 7.03 billion yuan, a year-on-year decrease of 18.24%; earnings per share were 0.64 yuan, and the interim dividend was 23 HK cents per share.
During the period, the group added 9 plots of land across 8 cities in mainland China and Hong Kong, with a total new land reserve construction area of 760,000 square meters, an equity building area of 740,000 square meters, a total land price of 7.86 billion yuan, and an equity land price of 7.66 billion yuan.
During the period, the groups subsidiaries achieved a contract sales volume of 134.35 billion yuan, a year-on-year increase of 11.8%. Commercial operating income was 3.58 billion yuan. During this period, the Zhonghai Kangyang Beijing Jinchun project opened, serving as a benchmark product for the group to explore new health and wellness models and expand its operating business in the silver economy wave.
As of June 30, 2026, the groups debt-to-asset ratio was 51.6%, and the net gearing ratio was 27.2%. Interest-bearing debt decreased by 10.15 billion yuan compared to the beginning of the year, while net operating cash inflow was 28.52 billion yuan.
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