CHINA OVERSEAS (00688) Reports Interim Results with Shareholders' Profit of RMB 8.599 Billion, Down 16.62% YoY

Stock News
Aug 27

CHINA OVERSEAS (00688) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of RMB 83.219 billion, representing a year-on-year decrease of 4.27%. Profit attributable to shareholders reached RMB 8.599 billion, down 16.62% compared to the same period last year. Earnings per share stood at RMB 0.79, with the company proposing an interim dividend of HK$0.25 per share.

During the period, the group acquired 17 new land parcels across 10 cities in mainland China and Hong Kong. The total gross floor area of newly acquired land reserves amounted to 2.58 million square meters, with attributable gross floor area of 2.57 million square meters. The total land cost was RMB 40.37 billion, while the attributable land cost reached RMB 40.11 billion.

As of June 30, 2025, the group's total borrowings amounted to RMB 227.45 billion, representing a decrease of RMB 14.12 billion from the end of 2024. Cash and bank deposits held by the group totaled RMB 108.96 billion. The group maintained a net gearing ratio of 28.4% with an average financing cost of 2.9%, positioning its financing costs within the industry's lowest range.

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