Sino-Ocean Service Reports 3% Revenue Decline and RMB310.1 Million Loss for H1 2025, Gross Profit Drops by 50%

Reuters
08/27
<a href="https://laohu8.com/S/06677">Sino-Ocean Serv</a>ice Reports 3% Revenue Decline and RMB310.1 Million Loss for H1 2025, Gross Profit Drops by 50%

Sino-Ocean Service Holding Ltd. has announced its interim results for the six months ended 30 June 2025. The company's revenue decreased approximately 3% to RMB1,385.8 million compared to RMB1,436.0 million for the same period in 2024. This revenue was generated from property management services, community value-added services, and value-added services to non-property owners, contributing approximately 74%, 18%, and 8% of the total revenue, respectively. Gross profit for the period fell by approximately 50% to RMB162.6 million, down from RMB327.4 million in the first half of 2024, with the gross profit margin declining to approximately 12% from 23%. The company reported a loss attributable to owners of RMB310.1 million, a significant drop from a profit of RMB59.3 million in the first half of the previous year. This loss was largely due to ongoing adverse impacts and a downturn in the real estate market in the PRC, leading to longer settlement cycles and increased provisions for impairment losses on trade receivables, inventories, and goodwill. The board has decided not to recommend the payment of an interim dividend for the period. The company plans to maintain its focus on non-residential properties and aims to standardize its engineering and maintenance services while exploring full life-cycle management models for facilities and equipment. The strategy is to drive sustainable growth through business synergies and technological innovation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sino-Ocean Service Holding Ltd. published the original content used to generate this news brief on August 27, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10