Sino-Ocean Service Navigates Economic Headwinds

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

Sino-Ocean Service Holding Ltd. reported a decrease in both revenue and profit for the first half of 2024, attributed to a challenging macroeconomic climate and a downturn in the real estate market in China. Despite these challenges, the company saw a modest increase in gross profit margin and continued to adjust strategies focusing on service quality and customer experience. Amidst industry consolidation and policy changes aiming for standardization, Sino-Ocean Service is working towards becoming a leading property management service provider, leveraging industry resilience and potential for growth.

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