Sino-Ocean Swings to Profit on Debt Restructuring Amid China Property Slump

Sino-Ocean Group Holding ( (HK:3377) ) has provided an update.

Sino-Ocean Group Holding reported that from 2023 to 2025 it completed delivery of more than 120,000 residential units, while navigating a severe downturn in China’s property market. In 2025, total contracted sales fell 25% year-on-year to RMB26.31 billion and revenue dropped 37% to RMB14.84 billion, but the company increased the share of income from asset-light businesses, with property management and related services and other real estate activities rising to 41% of revenue.

The group posted a gross loss of RMB10.58 billion and a gross loss margin of 71%, yet swung to a profit attributable to shareholders of RMB6.76 billion, mainly due to non-cash gains linked to completed offshore debt restructuring and significant onshore restructuring progress. Total borrowings declined to RMB50.85 billion and total equity rose to RMB1.90 billion, positioning the company to transition further from a “develop and sell” model towards “hold and operate” and comprehensive service provision amid industry-wide consolidation and policy-driven market reforms in China’s property sector.

The most recent analyst rating on (HK:3377) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Sino-Ocean Group Holding stock, see the HK:3377 Stock Forecast page.

More about Sino-Ocean Group Holding

Sino-Ocean Group Holding is a Chinese real estate developer focused on residential projects and related property services in the PRC. The group has been increasing its exposure to asset-light segments, including property management, other real estate-related services and professional operations, to adapt to a prolonged downturn in the traditional development market.

Average Trading Volume: 30,060,363

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$946.9M

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