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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 | EBIT |
| -15.13B | -13.71B | -1.23B | 9.90B | 10.92B | EBITDA |
| -11.94B | -15.64B | -8.96B | 12.22B | 12.31B | Net Income Common Stockholders |
| -18.62B | -21.10B | -15.65B | 5.09B | 4.68B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.96B | 2.64B | 5.60B | 22.22B | 39.14B | Total Assets |
| 181.41B | 206.17B | 246.07B | 281.25B | 259.69B | Total Debt |
| 97.78B | 98.12B | 97.42B | 92.65B | 82.35B | Net Debt |
| 95.87B | 96.13B | 92.80B | 71.00B | 43.22B | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.85B | 10.99 | 0.40% | 6.10% | 5.75% | -21.23% | |
45 Neutral | HK$806.84M | ― | -3.41% | 4.62% | 0.96% | 83.98% | |
39 Underperform | $1.05B | ― | -118.67% | ― | -50.72% | 14.86% | |
| $223.00M | ― | -2.65% | ― | ― | ― | ||
| HK$1.54B | 9.41 | 2.34% | 9.17% | ― | ― | ||
| €124.47M | ― | -20.46% | 8.60% | ― | ― | ||
| €150.76M | ― | -4.52% | 1.37% | ― | ― |
Sino-Ocean Group Holding Corporate Events
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.
Sino-Ocean Group Holding Limited announced the occurrence of the Restructuring Effective Date and the issuance of new debt instruments as part of its restructuring consideration. This move involves the issuance of new notes, MCBs, and perpetual securities, aimed at managing the company’s indebtedness related to certain loan facilities. The listing documents, available on the Singapore Exchange, are intended to ensure equal information dissemination to investors, but do not constitute an offer to sell securities.
Sino-Ocean Group Holding Limited announced the successful completion of its offshore debt restructuring, effective on March 27, 2025. The restructuring involved the issuance of new financial instruments, including loans, notes, and perpetual securities, totaling over $6.3 billion. This move is expected to stabilize the company’s financial position and enhance its ability to meet creditor obligations, potentially impacting its market standing and stakeholder confidence positively.
Sino-Ocean Group Holding announced its annual results for 2024, revealing a challenging year due to the ongoing downturn in China’s real estate market. The company reported a 49% decrease in revenue and a gross loss of RMB398 million, attributed to market adjustments and impairments on property projects. Despite policy measures by the Chinese government to stabilize the market, the company faced significant losses, highlighting the need for business transformation and risk management in the industry.
Sino-Ocean Group Holding Limited has announced the suspension of trading for certain corporate bonds issued by its wholly-owned subsidiary, Beijing Sino-Ocean Group Holding Limited, on the Shanghai Stock Exchange starting from March 19, 2025. This decision is part of the company’s efforts to manage repayment arrangements and ensure transparent information disclosure to protect bond investors’ interests. The company plans to resume trading once relevant matters are confirmed and will continue to update stakeholders as required by regulations.
Sino-Ocean Group Holding Limited announced the dismissal of a winding-up petition against the company by the High Court on March 17, 2025. This development follows significant progress in restructuring the company’s offshore debts, including the effective dates of both the English restructuring plan and the Hong Kong scheme of arrangement. The dismissal of the petition marks a positive step for Sino-Ocean, potentially stabilizing its financial standing and reassuring stakeholders.
Sino-Ocean Group Holding Limited announced its unaudited operating statistics for February 2025, reporting contracted sales of approximately RMB0.99 billion and a contracted sales GFA of about 76,900 sq.m. The accumulated contracted sales for the first two months of 2025 reached approximately RMB2.88 billion with a GFA of 171,700 sq.m. The company advises caution as these figures are preliminary and may differ from future audited financial statements.
Sino-Ocean Group Holding Limited has announced that its board of directors will meet on March 26, 2025, to approve and publish the company’s annual results for the year ending December 31, 2024. This meeting is significant as it will address the company’s financial performance and other strategic matters, potentially impacting its market positioning and stakeholder interests.