China Overseas Grand Oceans Group Ltd. (abbrev. “China Overseas Grand Oceans”) posted a profit attributable to owners of RMB0.33 billion for the six months ended 30 June 2026, up 15.4% year-on-year, despite a 2.7% dip in revenue to RMB14.14 billion. Basic earnings per share rose to RMB0.092.

Gross profit advanced 23.9% to RMB1.67 billion, lifting the margin to 11.8% from 9.3% a year earlier. Operating profit increased 63.3% to RMB1.02 billion, aided by lower distribution, selling and administrative expenses. Finance costs after capitalisation fell 9.5% to RMB17 million.

Contracted property sales by the Group and its associates/joint ventures expanded 15.2% to RMB19.14 billion on 1.65 million sq m of sold area (+11.9%). Attributable contracted sales reached RMB16.46 billion (+15.5%). Average residential selling price edged up 3.9% to RMB12,725 per sq m, while preliminary sales awaiting contract completion stood at RMB0.72 billion.

Land-acquisition discipline continued: four sites were secured in Taizhou, Yinchuan and Tangshan for a total RMB2.08 billion, adding 0.48 million sq m GFA. As at 30 June 2026, the Group Series of Companies held 11.43 million sq m of land bank (9.80 million sq m attributable).

The commercial property division generated RMB0.26 billion in turnover, up 11.0%. Leased area expanded 24.6% to 598,000 sq m with occupancy at 90.6%.

Financial metrics strengthened. Cash receipts from sales reached RMB17.97 billion with a 93.9% collection rate, sustaining positive operating cash flow of RMB5.97 billion for a fifth consecutive year. Cash and bank balances rose to RMB31.00 billion, supporting a cash-to-short-term debt ratio of 3.6x. Net gearing declined to 18.5% from 31.7% at end-2025, keeping the company within all “Three Red Lines” thresholds. Total borrowings slipped to RMB37.98 billion, and the weighted average funding cost remained low at 3.3%.

During the period, the company issued RMB1.30 billion of three-year offshore RMB notes at 3.2% and two domestic corporate bonds totaling RMB2.20 billion with coupons of 2.40% and 1.98%, while redeeming RMB2.20 billion of 2023 bonds.

The Board declared an interim dividend of HK$0.015 per share (2025 interim: HK$0.010), payable on 16 October 2026 to shareholders on record as of 21 September 2026.

Management emphasised continued focus on “Good Housing” product strategy, operational prudence, and targeted land replenishment to sustain growth amid an uneven market recovery.