Sino-Ocean Group Holding ( (SIOLF) ) has released its Q2 earnings. Here is a breakdown of the information Sino-Ocean Group Holding presented to its investors.
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Sino-Ocean Group Holding Limited is a Hong Kong-based company primarily engaged in property development and investment in the People’s Republic of China. In its latest earnings report for the first half of 2025, Sino-Ocean Group reported a significant decrease in revenue by 53% year-on-year, amounting to RMB6,203 million. Despite this, the company achieved a profit of RMB10,202 million, largely due to non-cash gains from offshore debt restructuring. The company also completed the delivery of approximately 12,000 residential units during the period. Key financial metrics revealed a gross loss of RMB4,966 million and a reduction in total borrowings to RMB66,997 million. The company has been actively transforming its business model to increase revenue from asset-light businesses, with property management and related services now contributing 45% of total revenue. Looking forward, Sino-Ocean Group anticipates continued challenges in the Chinese real estate market but remains focused on high-quality development and asset management opportunities.