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China Overseas Grand Oceans Group Limited
(0081)
China Overseas Grand Oceans Group Limited (0081) vs. iShares MSCI Hong Kong ETF (EWH)
China Overseas Grand Oceans Group Limited Business Overview & Revenue Model
China Overseas Grand Oceans Group Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 45.90B | 56.41B | 67.54B | 65.44B | 48.62B | Gross Profit |
| 4.52B | 6.31B | 10.31B | 15.50B | 13.48B | EBIT |
| 2.21B | 4.21B | 7.23B | 12.19B | 10.71B | EBITDA |
| 2.34B | 4.30B | 7.34B | 10.29B | 9.68B | Net Income Common Stockholders |
| 954.05M | 2.30B | 3.15B | 5.05B | 4.37B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 27.29B | 26.02B | 32.93B | 39.75B | 33.28B | Total Assets |
| 129.18B | 152.03B | 202.97B | 243.17B | 198.49B | Total Debt |
| 40.14B | 43.60B | 55.64B | 58.85B | 48.10B | Net Debt |
| 12.85B | 17.58B | 22.71B | 19.10B | 14.82B | Total Liabilities |
| 91.63B | 113.90B | 160.98B | 199.43B | 166.20B | Stockholders Equity |
| 31.40B | 31.30B | 33.62B | 35.14B | 28.61B |
| Cash Flow | Free Cash Flow | |||
| 9.02B | 9.07B | -4.49B | -3.74B | -5.88B | Operating Cash Flow |
| 9.03B | 9.10B | -4.49B | -3.69B | -5.86B | Investing Cash Flow |
| 187.07M | -1.53B | -867.97M | 1.17B | -1.78B | Financing Cash Flow |
| -7.55B | -6.96B | 1.64B | 7.86B | 8.40B |
China Overseas Grand Oceans Group Limited Technical Analysis
China Overseas Grand Oceans Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.86B | 10.96 | 0.41% | 6.08% | 5.73% | -21.25% | |
55 Neutral | HK$6.02B | 5.82 | 3.05% | 3.55% | -20.27% | -59.83% | |
| $274.22M | ― | ― | ― | ― | |||
| $24.35B | 6.17 | 9.66% | 2.01% | ― | ― | ||
| $1.36B | ― | -341.41% | ― | ― | ― | ||
| $482.85M | ― | -71.13% | ― | ― | ― | ||
| $637.44M | ― | -29.26% | ― | ― | ― |
China Overseas Grand Oceans Group Limited Corporate Events
China Overseas Grand Oceans Group Limited reported a decline in property contracted sales for May 2025, with a year-on-year decrease of 21.1% in sales value and 20.0% in gross floor area. Despite the downturn, the company acquired three new projects in Nanning, Hefei, and Lanzhou, expanding its land bank by 563,337 square meters at a cost of RMB1,573,890,000. This strategic acquisition could potentially enhance the company’s future growth prospects and strengthen its market position.
The most recent analyst rating on (HK:0081) stock is a Buy with a HK$2.44 price target. To see the full list of analyst forecasts on China Overseas Grand Oceans Group Limited stock, see the HK:0081 Stock Forecast page.
China Overseas Grand Oceans Group Limited has announced a general meeting scheduled for June 23, 2025, in Hong Kong. The meeting will address the approval and ratification of the Renewal Engagement Agreement and related transactions, as well as the authorization for directors to execute necessary documents. This announcement is significant for stakeholders as it outlines the company’s strategic plans and governance actions, potentially impacting its operational and financial trajectory.
The most recent analyst rating on (HK:0081) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on China Overseas Grand Oceans Group Limited stock, see the HK:0081 Stock Forecast page.
China Overseas Grand Oceans Group Limited reported a decrease in property contracted sales and gross floor area (GFA) for April 2025, with sales amounting to RMB2.624 billion and a GFA of 223,000 square meters, marking year-on-year declines of 18.1% and 14.6%, respectively. Despite these declines, the company acquired new projects in Yangzhou and Shaoxing, contributing to a total newly acquired GFA of 504,992 square meters from January to April 2025, at a total land cost of RMB2.982 billion. This strategic acquisition could potentially strengthen the company’s market presence and future growth prospects.
China Overseas Grand Oceans Group Limited has announced the renewal of its existing engagement agreement with China State Construction Engineering Corporation Limited (CSCECL) for construction-related services. The new agreement, effective from July 1, 2025, to June 30, 2028, allows CSCECL to continue participating in competitive tenders for the company’s projects in the PRC. This renewal is significant as CSCECL is a connected person of the company, and the transactions are subject to various regulatory requirements, including independent shareholder approval.
China Overseas Grand Oceans Group Limited has announced its annual general meeting scheduled for June 23, 2025, in Hong Kong. Key agenda items include the consideration of audited financial statements, the declaration of a final dividend, the re-election of directors, and the authorization for the board to fix directors’ and auditors’ remuneration. Additionally, a resolution will be discussed to authorize the company to buy back shares, not exceeding 10% of the issued shares, which could impact the company’s stock market activities and shareholder value.
In the first quarter of 2025, China Overseas Grand Oceans Group Limited reported a significant decline in financial performance, with a 22.8% drop in revenue and a 48.6% decrease in operating profit compared to the previous year. The company also experienced a decrease in contracted property sales by 12.5% in value and 15.9% in area sold. Despite these challenges, the company expanded its land holdings by acquiring four new parcels of land, adding to its extensive land bank. The company remains committed to prudent financial management and is closely monitoring external economic factors to maximize long-term shareholder returns.
In March 2025, China Overseas Grand Oceans Group Limited reported a significant decline in its property contracted sales and gross floor area (GFA) compared to the previous year, with a 24.1% and 24.9% decrease respectively. Despite this downturn, the company acquired new projects, including a notable acquisition in Hefei, Anhui Province, indicating a strategic focus on expanding its land holdings. These acquisitions, although costly, suggest an effort to strengthen the company’s market position amidst challenging sales figures.
China Overseas Grand Oceans Group Limited has announced an upcoming board meeting scheduled for April 23, 2025, where the board will review and approve the financial and business performance of the company and its subsidiaries for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s operational performance and strategic direction, potentially impacting stakeholders’ perspectives on the company’s future growth and market positioning.
China Overseas Grand Oceans Group Limited announced its financial results for 2024, reporting a revenue of RMB45,895 million, a decrease of 18.6% from the previous year. The company’s profit attributable to owners fell by 58.5% to RMB954 million. Despite the challenging market conditions, the company maintained a robust financial position with a net cash inflow and reduced net gearing ratio. The board recommended a final dividend of HK7 cents per share, reflecting a dividend payout ratio of 34.9%. The Chinese property sector faced a downturn in 2024, but policy measures introduced in September aimed to stabilize the market, leading to a rebound in home transactions by the fourth quarter.
China Overseas Grand Oceans Group Limited announced a final ordinary cash dividend of HKD 0.07 per share for the financial year ending December 31, 2024. The dividend, subject to shareholder approval on June 23, 2025, will be paid on July 15, 2025, with the record date set for June 27, 2025. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders.