Sino-Ocean Group Flags Major First-Half Loss, Reversing Prior Year Profit

Stock News

Aug 21

Sino-Ocean Group Holding Ltd (03377) has issued a profit warning, indicating that it expects to record a net loss attributable to shareholders of approximately RMB 6.0 billion to RMB 8.0 billion for the six months ending June 30, 2026.

This projected loss marks a sharp reversal from the same period in 2025, when the company reported a profit attributable to owners of approximately RMB 10.202 billion, largely driven by a one-off debt restructuring gain.

The company attributed the anticipated loss to the continued downturn in China's overall property market in recent years, which has kept both revenue and gross margins under significant pressure. Additionally, the group has made further provisions for impairment on its property projects during the period.

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Additionally, the group has made further provisions for impairment on its property projects during the period.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sino-Ocean Group Flags Major First-Half Loss, Reversing Prior Year Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSino-Ocean Group Flags Major First-Half Loss, Reversing Prior Year Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-08-21 22:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Sino-Ocean Group Holding Ltd</b> (<b>03377</b>) has issued a profit warning, indicating that it expects to record a net loss attributable to shareholders of approximately RMB 6.0 billion to RMB 8.0 billion for the six months ending June 30, 2026.<br><br>This projected loss marks a sharp reversal from the same period in 2025, when the company reported a profit attributable to owners of approximately RMB 10.202 billion, largely driven by a one-off debt restructuring gain.<br><br>The company attributed the anticipated loss to the continued downturn in China's overall property market in recent years, which has kept both revenue and gross margins under significant pressure. Additionally, the group has made further provisions for impairment on its property projects during the period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1555","symbol_name":"内房股","start_time":0,"source_url":"","article_id":"1134331356","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134331356","pubTimestamp":1787321775,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Sino-Ocean Group Holding Ltd (03377) has issued a profit warning, indicating that it expects to record a net loss attributable to shareholders of approximately RMB 6.0 billion to RMB 8.0 billion for...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1555":"内房股","BK1240":"房地产开发","PRTO":"RCN Pareto Strategic Allocation ETF","03377":"远洋集团"},"translate_title":"远洋集团上半年大幅亏损，扭转上年利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRTO":1,"03377":1},"content_text":"Sino-Ocean Group Holding Ltd (03377) has issued a profit warning, indicating that it expects to record a net loss attributable to shareholders of approximately RMB 6.0 billion to RMB 8.0 billion for the six months ending June 30, 2026.This projected loss marks a sharp reversal from the same period in 2025, when the company reported a profit attributable to owners of approximately RMB 10.202 billion, largely driven by a one-off debt restructuring gain.The company attributed the anticipated loss to the continued downturn in China's overall property market in recent years, which has kept both revenue and gross margins under significant pressure. 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