China Overseas Grand Oceans Group's stock plummeted 5.49% during Monday's intraday trading session following the release of its 2025 financial results.
The property developer reported a 68.1% year-on-year decline in net profit attributable to owners, falling to RMB0.31 billion from RMB0.95 billion in 2024. Revenue also decreased by 19.7% to RMB36.87 billion, while contracted property sales slipped 19.8% to RMB32.19 billion.
Despite improvements in liquidity metrics and gearing ratios, the significant deterioration in profitability metrics appears to have triggered investor concern, leading to the sharp sell-off during the trading session.