China Overseas Grand Oceans (81) Announces Third Quarter 2025 Financial and Business Review

Bulletin Express
2025/10/22

According to the announcement, for the nine months ended 30 September 2025, China Overseas Grand Oceans Group Limited recorded revenue of approximately RMB21,249 million, a 21.2% decrease year-on-year. Operating profit stood at about RMB773 million, a 46.7% decline compared to the same period last year. In the third quarter of 2025, revenue reached around RMB6,705 million and operating profit amounted to about RMB151 million.

Regarding contracted property sales, the announcement shows the “China Overseas Grand Oceans Series of Companies” recorded total contracted sales of approximately RMB6,977 million in the third quarter of 2025, corresponding to around 643,600 square meters sold. For the nine months ended 30 September 2025, accumulated contracted sales were about RMB23,587 million for an aggregate area of approximately 2,116,000 square meters, representing year-on-year decreases of 10.7% and 9.1% respectively. As of 30 September 2025, the balance of preliminary sales pending completion of sales and purchase agreements was approximately RMB546 million for an area of about 46,800 square meters.

During the same quarter, four new parcels of land were acquired in Baotou, Huizhou, and Tangshan with a combined attributable gross floor area of about 519,300 square meters and total attributable land costs of approximately RMB1,822 million. As of 30 September 2025, the China Overseas Grand Oceans Series of Companies held a total landbank of around 13,267,200 square meters, of which approximately 11,229,600 square meters were attributable to the Group.

The announcement highlights the continued focus on prudent financial management and close monitoring of the external economic environment, including exchange rate volatility and potential mergers and acquisitions. It also contains forward-looking statements and advises shareholders and potential investors to exercise caution when interpreting data, noting that figures provided are unaudited.

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