CHINA OVERSEAS (00688) announces annual results with a profit attributable to shareholders of 12.691 billion yuan, a year-on-year decrease of 18.83%.

CHINA OVERSEAS (00688) has released its annual results for the year ending on December 31, 2025. The group achieved a revenue of RMB 168.089 billion, a decrease of 9.22% year-on-year; the company's attributable profit to shareholders was RMB 12.691 billion, a decrease of 18.83% year-on-year; earnings per share were RMB 1.16, with a proposed final dividend of 25 Hong Kong cents per share. The group's commercial properties generated a revenue of RMB 7.2 billion, with six new commercial projects being put into operation. The total operating area of commercial properties increased by 280,000 square meters. Among them, the Beijing Zhonghai Dajixiang commercial complex became a new landmark for leisure consumption within the second ring road of Beijing. The Huaxia Zhonghai commercial asset closed-end infrastructure fund "Zhonghai Commercial REIT" (180607.SZ) was successfully listed on the Shenzhen Stock Exchange, making it the first mainland consumer REIT to be implemented through the "acquire-transform-enhance-activate" model. The group acquired 35 new land parcels in 15 cities in mainland China and Hong Kong, with a total construction area of 4.99 million square meters and an equity construction area of 4.45 million square meters. The total land price was RMB 118.69 billion, with an equity land price of RMB 92.42 billion. As of December 31, 2025, the group's total liabilities were RMB 247.38 billion, with bank deposits and cash holdings of RMB 103.63 billion. The shareholders' equity of the company was RMB 387.95 billion, resulting in a net debt ratio of 34.2%. The average cost of financing was 2.8%, placing the financing cost in the lowest range within the industry.