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Sino-Ocean Group Holding ( (HK:3377) ) has provided an announcement.
Sino-Ocean Group Holding Limited has announced a profit alert for the six months ending June 30, 2025, expecting a profit between RMB9,500 million to RMB11,000 million, contrasting with a loss of RMB5,382 million in the same period of 2024. This anticipated profit is largely due to non-cash gains from offshore debt restructuring, while underlying operations continue to face challenges from the Chinese real estate market’s adjustments, impacting revenue and profit margins.
More about Sino-Ocean Group Holding
Sino-Ocean Group Holding Limited is a company incorporated in Hong Kong, primarily involved in the real estate industry. The company focuses on property development and management, with a significant presence in the Chinese real estate market.
Average Trading Volume: 66,628,075
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.3B
See more insights into 3377 stock on TipRanks’ Stock Analysis page.