CH OVS G OCEANS (00081) recorded a net profit of approximately 773 million yuan in the first three quarters, a year-on-year decrease of 46.7%.
China Overseas Grand Ocean Group (00081) announced that for the nine months ending September 30, 2025, the group's... (revenue)...
CH OVS G OCEANS (00081) announced that as of September 30, 2025, the Group's revenue for the nine months ended was approximately RMB 21.249 billion, a decrease of 21.2% compared to the same period last year, while operating profit was approximately RMB 773 million, a decrease of 46.7% compared to the same period last year. The Group's revenue and operating profit for the third quarter of 2025 were approximately RMB 6.705 billion and RMB 151 million, respectively.
In the third quarter of 2025, the overall contracted sales of the Group and its joint ventures and associates (collectively known as the China Overseas Grand Oceans series companies) amounted to approximately RMB 6.977 billion, involving a sales area of approximately 643,600 square meters. As of September 30, 2025, the total cumulative contracted sales amounted to approximately RMB 23.587 billion, involving an area of approximately 2.116 million square meters, representing a decrease of 10.7% and 9.1% compared to the same period last year, respectively. In addition, as of September 30, 2025, the cumulative subscribed but pending signing purchase contracts amounted to approximately RMB 546 million, involving an area of approximately 46,800 square meters.
During the quarter, the Group acquired four pieces of land in Baotou, Huizhou, and Tangshan, with a total attributable floor area of approximately 519,300 square meters, requiring a total land price payment of approximately RMB 1.822 billion. As of September 30, 2025, the China Overseas Grand Oceans series companies held a total land reserve in mainland China with a potential buildable floor area of approximately 13,267,200 square meters (including those held by joint ventures and associates, with the Group's attributable floor area of approximately 11,229,600 square meters).
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