CH OVS G OCEANS Reports Operating Profit of Approximately RMB 773 Million for the First Three Quarters, a Year-on-Year Decline of 46.7%

Stock News
2025/10/22

According to an announcement from CH OVS G OCEANS 00081, the group reported an income of approximately RMB 21.249 billion for the nine months ending September 30, 2025, marking a 21.2% decrease compared to the same period last year, with an operating profit of around RMB 773 million, down 46.7% year-on-year. For the third quarter of 2025, the group reported revenues and operating profits of approximately RMB 6.705 billion and RMB 151 million, respectively.

In the third quarter of 2025, the total contract sales of the group and its joint ventures (collectively referred to as the CH OVS G OCEANS series companies) reached approximately RMB 6.977 billion, involving a sales area of about 643,600 square meters. For the nine months ending September 30, the total cumulative contract sales amounted to approximately RMB 23.587 billion, covering an area of around 2.116 million square meters, a decline of 10.7% and 9.1%, respectively, compared to the same period last year.

Additionally, as of September 30, 2025, the total amount of subscribed contracts pending signing was approximately RMB 546 million, covering an area of about 46,800 square meters. During the quarter, the group acquired four new land parcels in Baotou, Huizhou, and Tangshan, with a total attributable floor area of approximately 519,300 square meters, necessitating a total payment for land rights of about RMB 1.822 billion. As of September 30, the CH OVS G OCEANS series companies held land reserves in mainland China amounting to approximately 13.2672 million square meters of buildable floor area (including holdings by joint ventures and associates, the group’s attributable floor area is around 11.2296 million square meters).

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