SINO-OCEAN SERV (06677) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of 1.386 billion yuan, gross profit of 163 million yuan, loss attributable to owners of 310 million yuan, and loss per share of 0.26 yuan.
During the first half of 2025, the group deepened its market-oriented expansion strategy, continuously optimized project structure and quality, and consolidated the foundation for high-quality sustainable development. The company continued to drive market-oriented expansion, building on residential and commercial properties as core business segments while increasing efforts to expand non-residential property types. During the period, the group added 3.9 million square meters of new contracted gross floor area (GFA), with third-party contracted GFA increasing from 64% in the same period last year to 96%, encompassing various property types including commercial buildings, office buildings, industrial parks, public buildings, and scenic areas.
The company remains committed to cultivating core regions while leveraging its commercial property service experience and professional expertise to continuously strengthen operational barriers in core business segments. Commercial properties in first and second-tier cities maintained a high proportion of 99% of total managed GFA in commercial property segments.
Meanwhile, the company actively responded to competition in the existing market, accumulated service experience in specialized property segments, and further expanded scale advantages in industrial parks and logistics parks. The group continued to deepen strategic collaboration with major clients, explored high-quality customer resources, and successfully expanded public building projects including Zhengzhou Customs Office Complex, Shenyang Xinmin Municipal Market Supervision Bureau project, and Guangxi Communications Investment Highway Service Areas through efficient matching of clients' in-depth needs and customized one-stop solutions.
As of June 30, 2025, the property management services achieved contracted GFA of 122 million square meters, down 1% compared to the end of 2024, while managed GFA reached 93.5 million square meters, up 1% compared to the end of 2024.