Shares of Sino-Ocean Service (06677) rose more than 5%, up 5.36% to HK$0.295 as of press time.

On the news front, Sino-Ocean Service recently released its 2026 interim results. In the first half of 2026, Sino-Ocean Service achieved operating revenue of 1.29 billion yuan, with third-party revenue accounting for 93.5%, further consolidating its business independence. Non-cyclical revenue accounted for 77.7%, significantly enhancing revenue stability. Gross profit margin rose 3.8 percentage points year-on-year to 15.5%, and core net profit margin attributable to shareholders was 6.3%. Cash on hand stood at 640 million yuan, with net operating cash flow of 240 million yuan.

Under the strategic adjustment of proactively exiting non-core and low-efficiency businesses, the company has focused on four major strategic directions—"key cities, key projects, key products, and key teams"—with revenue quality and profitability continuing to improve.

It is worth noting that the company persists in prioritizing expansion in key cities and high-quality projects. In the first half, newly added single-year contract value reached 130 million yuan, up 76% year-on-year; 50 new projects were added, covering 22 cities, of which 68% are located in key cities, and 25 new clients were secured. Reserve projects from state-owned and central enterprise clients as well as government procurement clients accounted for more than 50%, with strong client performance capability, stable cash flow, and prospects for continuous development.

The company strengthened non-residential core business formats including hospitals, commercial offices, and schools, achieving landmark breakthroughs during the period, with its service capabilities in non-residential formats widely recognized by the market.