Sino-Ocean Group Holding Ltd. has announced its interim results for the six months ended 30 June 2025. The Group reported total contracted sales of RMB13,370 million, marking a year-on-year decrease of 27%. Revenue for the period stood at RMB6,203 million, which represents a significant year-on-year decline of 53%. Despite these decreases, the Group recorded a profit attributable to owners of the Company amounting to RMB10,202 million, compared to a loss of RMB5,382 million in the same period of 2024. This turnaround is primarily due to non-cash gains from the completion of offshore debt restructuring. The earnings per share were reported at RMB1.171 for basic and RMB0.919 for diluted shares. The Group's total borrowings decreased to RMB66,997 million, and total equity increased to RMB8,227 million, following the debt restructuring efforts. The Group's focus on business transformation during the period led to an increase in the revenue share from asset-light businesses, particularly in property management and related services, which now contribute 45% to revenue. The market outlook for the company remains cautiously optimistic, with the Central Government encouraging a reversal of the downward trend in the real estate market. The Group continues to adapt to the ongoing adjustments in the Chinese real estate sector, which have affected revenue and profit margins, and is proactively managing liquidity risks to ensure stability.