Sino-Ocean Group FY2025 revenue drops 37% to RMB15 billion; gross loss widens to RMB11 billion

Reuters

Mar 27

Sino-<a href="https://laohu8.com/S/1B6.SI">Ocean</a> Group FY2025 revenue drops 37% to RMB15 billion; gross loss widens to RMB11 billion

Sino-Ocean published an annual results announcement reporting revenue of RMB14.8 billion, down 37%.
Total contracted sales were RMB26.3 billion, down 25%, with contracted saleable GFA sold of 2.14 million sq.m., down 28% amid a continued downturn in China’s property market.
Gross loss was RMB10.6 billion, with the company citing lower industry gross profit margins and inventory provisions as key drivers.
Profit attributable to owners was RMB6.76 billion, mainly driven by non-cash gains from offshore debt restructuring completion and progress in onshore debt restructuring.
Total borrowings fell to RMB50.9 billion and total cash resources were RMB6.02 billion, while management said it will continue to prioritize project delivery and debt risk resolution in 2026.

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 Group Holding Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5H8PA1INJAXPK7OU) on March 27, 2026, and is solely responsible for the information contained therein.

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gross loss widens to RMB11 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-27 22:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Sino-<a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> Group FY2025 revenue drops 37% to RMB15 billion; gross loss widens to RMB11 billion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<ul>\n<li>\n          Sino-Ocean published an annual results announcement reporting revenue of RMB14.8 billion, down 37%.\n        </li>\n<li>\n          Total contracted sales were RMB26.3 billion, down 25%, with contracted saleable GFA sold of 2.14 million sq.m., down 28% amid a continued downturn in China’s property market.\n        </li>\n<li>\n          Gross loss was RMB10.6 billion, with the company citing lower industry gross profit margins and inventory provisions as key drivers.\n        </li>\n<li>\n          Profit attributable to owners was RMB6.76 billion, mainly driven by non-cash gains from offshore debt restructuring completion and progress in onshore debt restructuring.\n        </li>\n<li>\n          Total borrowings fell to RMB50.9 billion and total cash resources were RMB6.02 billion, while management said it will continue to prioritize project delivery and debt risk resolution in 2026.\n        </li>\n</ul>\n<br/>\n<br/>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>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 Group Holding Ltd. published the original content used to generate this news brief via <a href=\"https://laohu8.com/S/SPXCF\">Singapore Exchange</a> Limited (SGX) (Ref. ID: 5H8PA1INJAXPK7OU) on March 27, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260327:nNDL4W1lz3:1","article_id":"2622820839","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622820839","pubTimestamp":1774620373,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sino-Ocean published an annual results announcement reporting revenue of RMB14.8 billion, down 37%.Total contracted sales were RMB26.3 billion, down 25%, with contracted saleable GFA sold of 2.14 million sq.m., down 28% amid a continued downturn in China’s property market.Gross loss was RMB10.6 billion, with the company citing lower industry gross profit margins and inventory provisions as key drivers.Profit attributable to owners was RMB6.76 billion, mainly driven by non-cash gains from offshore debt restructuring completion and progress in onshore debt restructuring.Total borrowings fell to RMB50.9 billion and total cash resources were RMB6.02 billion, while management said it will continue to prioritize project delivery and debt risk resolution in 2026.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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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 Group Holding Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5H8PA1INJAXPK7OU) on March 27, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}