CHINA OVERSEAS (00688) announces its interim results, with a net profit attributable to shareholders of 8.599 billion yuan, a decrease of 16.62% year-on-year.

CHINA OVERSEAS (00688) announced its interim performance for the six months ending on June 30, 2025. The group achieved revenue of RMB 83.219 billion, a decrease of 4.27% year-on-year. The net profit attributable to shareholders was RMB 8.599 billion, a decrease of 16.62% year-on-year. Earnings per share were RMB 0.79, and the company plans to distribute an interim dividend of HK$0.25 per share. The group acquired 17 new land parcels in 10 cities in mainland China and Hong Kong, with a total gross floor area of 2.58 million square meters and an attributable gross floor area of 2.57 million square meters. The total land cost was RMB 40.37 billion, with an attributable land cost of RMB 40.11 billion. As of June 30, 2025, the group's total borrowings were RMB 227.45 billion, a decrease of RMB 14.12 billion from the end of 2024. The group held bank deposits and cash of RMB 108.96 billion. The group's net debt ratio was 28.4%, with an average financing cost of 2.9%, which is in the lowest range in the industry.