Sino-Ocean Service expects FY2025 loss attributable to owners of CNY1.35 billion to CNY1.45 billion

Reuters

Mar 18

<a href="https://laohu8.com/S/06677">Sino-Ocean Serv</a>ice expects FY2025 loss attributable to owners of CNY1.35 billion to CNY1.45 billion

Sino-Ocean Service said it expects a loss attributable to owners of RMB1.35 billion to RMB1.45 billion for FY2025, compared with a profit attributable to owners of RMB28.9 million in FY2024. The company cited a China real estate market downturn that lengthened settlement cycles and increased impairment provisions on trade and other receivables. It also cited higher impairment provisions on inventories and goodwill. Sino-Ocean Service said the expected FY2025 loss also includes losses from a transaction involving the return of parking spaces to Sino-Ocean Group.

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 via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260318-12058090), on March 18, 2026, and is solely responsible for the information contained therein.

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