Sino-Ocean Group Flags RMB6.00–8.00 Billion Loss for H1 2026, Reversing Prior-Year Profit

Bulletin Express
Aug 21

Sino-Ocean Group Holding Limited announced a profit warning indicating an expected loss attributable to owners of between RMB6.00 billion and RMB8.00 billion for the six months ended 30 June 2026. The disclosure contrasts sharply with the RMB10.20 billion profit recorded in the corresponding period of 2025, a result that had been boosted by one-off gains from debt restructuring.

The Board attributes the projected deficit to continued softness in China’s real-estate market, which has exerted downward pressure on both revenue and gross margin. Additional impairment provisions on property projects have further weighed on earnings.

Management is finalising the unaudited consolidated results, with formal interim figures scheduled for release by the end of August 2026. The company advises shareholders, bondholders, and potential investors to exercise caution when trading its securities until the detailed results are published.

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