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Sino-Ocean Group Holding
(OTC:3377)
Sino-Ocean Group Holding (3377) vs. iShares MSCI Hong Kong ETF (EWH)
Sino-Ocean Group Holding Business Overview & Revenue Model
Sino-Ocean Group Holding Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.64B | 46.46B | 46.13B | 64.25B | 56.51B |
| Gross Profit | -398.19M | 1.18B | 2.38B | 11.26B | 10.46B |
| EBITDA | -11.94B | -15.64B | -8.96B | 12.22B | 12.31B |
| Net Income | -18.62B | -21.10B | -15.65B | 5.09B | 4.68B |
Balance Sheet | |||||
| Total Assets | 181.41B | 206.17B | 246.07B | 281.25B | 259.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.96B | 2.64B | 5.60B | 22.22B | 39.14B |
| Total Debt | 97.78B | 98.12B | 97.42B | 92.65B | 82.35B |
| Total Liabilities | 181.19B | 185.38B | 198.19B | 204.80B | 189.78B |
| Stockholders Equity | -12.66B | 7.03B | 31.75B | 55.07B | 53.65B |
Cash Flow | |||||
| Free Cash Flow | -1.18B | 1.45B | -15.94B | -8.24B | 10.77B |
| Operating Cash Flow | -1.03B | 1.63B | -15.53B | -7.94B | 11.42B |
| Investing Cash Flow | 3.49B | 6.51B | 6.47B | -12.68B | 2.27B |
| Financing Cash Flow | -2.54B | -10.77B | -7.98B | 3.22B | -5.37B |
Sino-Ocean Group Holding Technical Analysis
Sino-Ocean Group Holding Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $6.98B | 18.97 | -1.16% | 6.86% | 4.65% | -25.28% | |
45 Neutral | HK$752.65M | ― | -3.41% | 4.80% | 0.96% | 83.98% | |
38 Underperform | $953.28M | ― | -118.67% | ― | -50.72% | 14.86% | |
| $246.06M | ― | -2.65% | ― | ― | ― | ||
| HK$1.64B | 10.00 | 2.34% | 8.73% | ― | ― | ||
| €124.86M | ― | -20.46% | 5.11% | ― | ― | ||
| €149.62M | ― | -3.45% | 1.37% | ― | ― |
Sino-Ocean Group Holding Corporate Events
Sino-Ocean Group Holding Limited announced updates on its financial restructuring efforts to address liquidity issues and improve its financial position. The company successfully implemented an Offshore Debt Restructuring Plan, reducing its leverage by approximately USD 4 billion, which significantly eased offshore liquidity pressures. Additionally, the company has resumed trading of its onshore corporate bonds and is actively working on a holistic risk mitigation plan to protect creditors’ interests. These measures are part of a broader strategy to stabilize operations and ensure sustainable growth.
Sino-Ocean Group Holding Limited has outlined the terms of reference and operating rules for its Audit Committee, which is tasked with ensuring effective internal control and risk management systems. The Committee is responsible for overseeing the integrity of the company’s financial statements, managing the relationship with external auditors, and ensuring compliance with relevant regulations. This move is expected to strengthen the company’s governance framework, thereby enhancing transparency and accountability to its stakeholders.
Sino-Ocean Group Holding Limited has outlined the terms of reference and operating rules for its Nomination Committee. The committee is tasked with reviewing the board’s structure, size, and composition, ensuring diversity, and making recommendations for board appointments and succession planning. This move is aimed at enhancing the board’s effectiveness and aligning its composition with the company’s corporate strategy, potentially impacting its governance and stakeholder relations positively.
Sino-Ocean Group Holding Limited has announced adjustments to the repayment arrangements for its subsidiary’s corporate bonds, ‘H19 Sino-Ocean 1’ and ‘H19 Sino-Ocean 2’. The company has approved resolutions to repay 0.3% of the remaining principal of these bonds within 30 trading days, with a grace period of 30 consecutive trading days to avoid default. Despite ongoing liquidity constraints, Sino-Ocean Holding is actively seeking funds to address its debt issues and protect investor interests.
Sino-Ocean Group Holding Limited announced adjustments to the repayment arrangements for its subsidiary’s ‘H21 Sino-Ocean 1’ corporate bonds. The company plans to repay a small portion of the principal within 30 trading days and has a grace period to avoid default, reflecting ongoing liquidity challenges. The company is actively seeking funds to address these issues and protect investor interests.
Sino-Ocean Group Holding Limited announced its unaudited operating statistics for May 2025, reporting contracted sales of approximately RMB2.33 billion and a contracted sales GFA of about 145,200 sq.m. The accumulated contracted sales from January to May 2025 reached approximately RMB10.42 billion. These figures, while unaudited, provide insights into the company’s performance and market positioning, indicating a steady sales trajectory. However, stakeholders are advised to exercise caution as the data is preliminary and subject to change.
Sino-Ocean Group Holding Limited announced adjustments to the repayment arrangements for its subsidiary’s corporate bonds, specifically the ‘H18 Sino-Ocean 1’ bonds. Due to liquidity constraints, Sino-Ocean Holding has approved a resolution to repay a small portion of the remaining principal within 30 trading days and has been granted a 30-day grace period to avoid default. The company is actively seeking funds to address its debt issues and protect investor interests, with further updates to be provided as necessary.
Sino-Ocean Group Holding Limited announced that all proposed resolutions at their Annual General Meeting on May 23, 2025, were approved by shareholders. The resolutions included the re-election of directors, authorization for the board to set director remuneration, and the reappointment of BDO Limited as the company’s auditor. This successful meeting reflects strong shareholder support and positions the company for continued stability and governance.
Sino-Ocean Group Holding Limited announced its unaudited operating statistics for April 2025, reporting contracted sales of approximately RMB2.81 billion and a contracted sales GFA of 166,800 sq.m. The accumulated contracted sales from January to April 2025 reached RMB8.09 billion. These figures, based on preliminary internal data, highlight the company’s ongoing activities in property sales, though stakeholders are advised to exercise caution as these numbers may differ from future audited financial statements.
Sino-Ocean Group Holding Limited announced the suspension and subsequent resumption of trading for several corporate bonds issued by its subsidiary, Beijing Sino-Ocean Group Holding Limited. The suspension was initially due to uncertainties regarding significant matters, and the resumption involves seven corporate bonds. This move aims to ensure fair information disclosure and protect the interests of bond investors, reflecting the company’s commitment to transparency and regulatory compliance.
Sino-Ocean Group Holding Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 23, 2025, in Beijing. The AGM will address several key agenda items, including the adoption of the audited financial statements for 2024, the re-election of several directors, and the re-appointment of BDO Limited as the company’s auditor. Additionally, a resolution will be considered to authorize the board to issue additional shares, subject to certain conditions, which could impact the company’s capital structure and shareholder value.
Sino-Ocean Group Holding Limited reported unaudited operating statistics for March 2025, with contracted sales of approximately RMB2.40 billion and a contracted sales GFA of about 140,100 sq.m. The accumulated contracted sales for the first quarter of 2025 reached approximately RMB5.28 billion. These figures are preliminary and subject to change, highlighting the company’s ongoing activities in the real estate market. Stakeholders are advised to interpret these results cautiously due to potential discrepancies with future audited financial statements.
Sino-Ocean Group Holding Limited announced the audited consolidated financial results of its subsidiary, Beijing Sino-Ocean Group Holding Limited, for the year ended December 31, 2024. The financial statements, prepared according to China Accounting Standards, revealed a significant decrease in revenue from RMB 42,544,979,000 in 2023 to RMB 19,951,585,000 in 2024, alongside a net loss after taxation of RMB 15,335,200,000. The company’s total assets and equity also declined, indicating financial challenges. Stakeholders are advised to exercise caution when dealing with the company’s securities, as these figures only reflect the subsidiary’s performance and not the entire group’s financial health.
Sino-Ocean Group Holding Limited has entered into a Disposal Agreement to sell 23% of its equity interests in an associate company for RMB322,304,479.76. This transaction, classified as a discloseable transaction under the Listing Rules, involves strategic financial restructuring and asset reallocation, potentially impacting the company’s financial standing and governance structure within the industry.