Sino-Ocean Service Flags RMB1.3–1.45 Billion Loss on China Property Slump

Sino-Ocean Service Holding Ltd. ( (HK:6677) ) has issued an update.

Sino-Ocean Service Holding Limited has warned that it expects to swing to a substantial net loss of between RMB1.35 billion and RMB1.45 billion for 2025, compared with a profit of about RMB28.9 million a year earlier. The company attributed the reversal mainly to the prolonged downturn in China’s real estate market, which has lengthened settlement cycles, driven higher provisions for impairment of receivables, inventories and goodwill, and to losses linked to the return of parking spaces to its controlling shareholder.

Most of the increased provisions on trade and other receivables are non-cash items, but the announcement underlines mounting pressure on the group’s balance sheet and cash collection amid sector stress. Management said it is still finalising audited 2025 results and is working closely with customers and Sino-Ocean Group on collection measures, while cautioning shareholders and potential investors to exercise care when trading the company’s shares.

The most recent analyst rating on (HK:6677) stock is a Hold with a HK$0.43 price target. To see the full list of analyst forecasts on Sino-Ocean Service Holding Ltd. stock, see the HK:6677 Stock Forecast page.

More about Sino-Ocean Service Holding Ltd.

Sino-Ocean Service Holding Limited is a Hong Kong-listed company incorporated in the Cayman Islands that operates in the property services sector, providing management and related services to projects developed by its parent, Sino-Ocean Group, and other clients in China. The company’s performance is closely tied to the Chinese real estate market, exposing it to sector downturns and associated credit and asset-impairment risks.

Average Trading Volume: 119,020

Technical Sentiment Signal: Sell

Current Market Cap: HK$479.5M

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