SINO-OCEAN GP (03377) achieved a revenue of 6.597 billion yuan in the first half of the year, a year-on-year increase of 6%.

SINO-OCEAN GP (03377) announced its interim results for 2026, with a total agreed sales amount of RMB 8.14 billion and approximately 6,500 residential units delivered. The revenue amounted to RMB 6.597 billion, a year-on-year increase of 6%. The gross profit was RMB 15 million, reversing the trend of gross losses. The total amount of loans decreased to RMB 50.391 billion, as the group continued to mitigate debt risks and is committed to exploring new businesses in the light asset sector. In addition, the revenue from the group's property development business in the first half of 2026 reached RMB 4.105 billion, an increase of approximately 25% compared to RMB 3.296 billion in the same period of 2025. The delivered saleable floor area rose by about 52%, from 340,000 square meters in the first half of 2025 to 516,000 square meters in the first half of 2026. Excluding parking space sales, the average recognized sale price in the first half of 2026 decreased to approximately RMB 8,300 per square meter (compared to RMB 11,000 per square meter in the first half of 2025), primarily due to the influence of the project locations being accounted during the period, with fewer projects recognized in first-tier cities.