Sino-Ocean Service Holding Ltd. (6677) AI Stock Analysis

• Market Cap: HK$556.48M
• Dividend Yield: 6.3%
• Average Volume (3M): 526.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: -7.62%
• EPS Growth: -1151.82%
• Country: HK
• Employees: 8,585
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.28
• Shares Outstanding: 1,184,000,000
• 10 Day Avg. Volume: 262,052
• 30 Day Avg. Volume: 526,624
• PEG Ratio: -0.73
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 6.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: HK$0.50 ▲(6.38% Upside)

The overall stock score of 54 reflects significant challenges in financial performance, particularly in cash flow and profitability, despite a strong balance sheet. Technical indicators show bearish trends, and the valuation suggests potential overvaluation, although the dividend yield is a positive aspect.

Sino-Ocean Service Holding Ltd. Business Overview & Revenue Model

Company Description

Sino-Ocean Service Holding Ltd. (6677) is a leading integrated service provider in the real estate sector, primarily focused on property management and related services in China. The company operates across various segments, including residential and commercial property management, as well as value-added services such as facility management, cleaning, and security services. With a commitment to enhancing living and working environments, Sino-Ocean Service is positioned to capitalize on the growing demand for professional property management solutions in China's rapidly urbanizing landscape.

How the Company Makes Money

Sino-Ocean Service Holding Ltd. generates revenue primarily through its property management services, which include fees collected from managing residential and commercial properties. Key revenue streams comprise management fees, service charges from residents and tenants, and income from ancillary services like security and maintenance. The company also benefits from long-term contracts with property developers and real estate owners, providing a stable income source. Additionally, partnerships with real estate developers allow Sino-Ocean to secure management contracts for new properties, further enhancing its revenue potential. The increasing demand for quality property management in urban areas, coupled with their established reputation, contributes significantly to their earnings.

Sino-Ocean Service Holding Ltd. Financial Statement Overview

Summary

Sino-Ocean Service Holding Ltd. faces challenges with declining revenues, profitability, and negative cash flows, despite maintaining a strong balance sheet with low leverage. The company needs to address operational efficiency to improve profitability and cash generation.

Income Statement

Sino-Ocean Service Holding Ltd. has shown declining revenue in recent years with a 9.35% decrease from 2022 to 2023. The gross profit margin has decreased to 18.22% in 2023 from 23.53% in 2022, indicating pressure on profitability. The net profit margin also decreased to 1.34% from 2.6% in the previous year. These trends highlight significant challenges in maintaining profitability.

Balance Sheet

The company maintains a strong equity position with a debt-to-equity ratio of 0.0036 in 2023, indicating low leverage. The equity ratio remains stable at around 51.96%. However, the return on equity has decreased to 2.01% in 2023 from 3.43% in 2022, reflecting reduced profitability on equity employed.

Cash Flow

Operating cash flow was negative in recent years, with -111,122,000 in 2023, indicating cash flow challenges. Free cash flow has also been negative, showing no improvement in liquidity. The lack of positive cash flow from operations could pose risks if this trend continues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.79B	2.84B	3.13B	3.33B	2.97B	2.02B
Gross Profit	352.49M	517.28M	597.74M	769.44M	824.84M	511.30M
EBITDA	-116.04M	144.66M	187.30M	157.92M	585.22M	489.02M
Net Income	-340.53M	28.91M	42.15M	75.75M	439.02M	257.63M
Balance Sheet
Total Assets	3.76B	4.02B	4.04B	4.09B	3.83B	3.09B
Cash, Cash Equivalents and Short-Term Investments	759.12M	761.14M	678.88M	501.45M	2.53B	2.18B
Total Debt	8.83M	5.61M	7.67M	16.68M	21.14M	12.73M
Total Liabilities	1.94B	1.89B	1.89B	1.83B	1.39B	1.04B
Stockholders Equity	1.79B	2.10B	2.10B	2.26B	2.40B	2.03B
Cash Flow
Free Cash Flow	50.79M	102.53M	-127.14M	-141.41M	494.80M	352.31M
Operating Cash Flow	58.12M	115.55M	-111.12M	-43.57M	509.74M	361.35M
Investing Cash Flow	12.27M	34.97M	506.79M	-1.71B	-56.39M	2.82B
Financing Cash Flow	-19.08M	-40.06M	-210.46M	-291.99M	-92.95M	-1.42B

Sino-Ocean Service Holding Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6677, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.51, and below the 200-day MA of 0.55, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.25 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6677.

Sino-Ocean Service Holding Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2205	73 Outperform	HK$469.00M	11.15	5.26%	8.66%	-5.08%	27.33%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
6093	62 Neutral	HK$358.40M	18.44	2.59%	―	3.93%	-71.60%
2215	58 Neutral	HK$468.12M	13.71	4.11%	―	-7.17%	-22.01%
6677	54 Neutral	HK$556.48M	―	-17.20%	6.30%	-7.62%	-1151.82%
0021	48 Neutral	HK$389.57M	28.14	-4.27%	―	1303.01%	-45.00%
3913	42 Neutral	HK$474.05M	24.82	-29.80%	―	-15.03%	-3600.73%

Sino-Ocean Service Holding Ltd. Corporate Events

Sino-Ocean Service Announces Major Asset Return Agreement

Sino-Ocean Service Holding Ltd. has entered into a Framework Agreement with its controlling shareholder, Sino-Ocean Group Company, to return 2,684 parking spaces in the PRC, previously transferred under an original assets transfer agreement. This transaction, which involves the cancellation of the original asset transfer and settlement of the purchase price through a guaranteed loan, is classified as a major and connected transaction under Hong Kong’s listing rules, requiring independent shareholder approval. The move is expected to realign the company’s asset management strategy and has implications for its financial structuring and stakeholder interests.

Sino-Ocean Service Holding Ltd. Announces Changes in Nomination Committee

Sino-Ocean Service Holding Ltd. has announced changes in its Nomination Committee, effective June 30, 2025. Ms. Zhu Geying has been appointed as a member, Mr. Cui Hongjie has been appointed as the chairman, and Mr. Yang Deyong has stepped down from his roles in the committee. These changes may impact the company’s governance and strategic direction.

Sino-Ocean Service Announces Board Composition and Committee Roles

Sino-Ocean Service Holding Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. The announcement includes the structure of three key board committees: Audit, Nomination, and Remuneration, which are crucial for the company’s governance and strategic decision-making processes.

Sino-Ocean Service Holding Limited Enhances Governance with New Nomination Committee

Sino-Ocean Service Holding Limited has established a nomination committee to oversee the nomination process for its board of directors. The committee will consist of at least three members, primarily independent non-executive directors, and will be responsible for ensuring diversity and proper governance in board appointments. This move is expected to enhance the company’s corporate governance structure and ensure a balanced representation in its leadership, potentially impacting its market position positively.

Sino-Ocean Service Holding Ltd. Enhances Governance with New Audit Committee

Sino-Ocean Service Holding Limited has established an audit committee to enhance its governance structure, composed primarily of independent non-executive directors. This move is expected to strengthen the company’s oversight and compliance with financial regulations, potentially improving stakeholder confidence and aligning with industry best practices.

Sino-Ocean Service Holding Ltd. AGM Resolutions Unanimously Approved

Sino-Ocean Service Holding Ltd. announced that all proposed resolutions at its Annual General Meeting held on May 30, 2025, were approved by shareholders. Key resolutions included the re-election of directors, authorization for directors’ remuneration, re-appointment of auditors, and granting mandates for share issuance and buybacks. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.