CH OVS G OCEANS (00081) reported an operating profit of approximately 320 million yuan in the first quarter, a year-on-year decrease of 19.6%.

CH OVS G Oceans (00081) announced that for the three months ending on March 31, 2026, the group's revenue was approximately RMB 5.52 billion, a decrease of 4.6% compared to the same period last year. The operating profit for this quarter was approximately RMB 320 million, a decrease of 19.6% compared to the same period last year. In the first quarter of 2026, the group and its associated companies (referred to as the CNOOC series companies) achieved a total contract sales amount of approximately RMB 8.091 billion, with a sales area of approximately 690,600 square meters, representing an increase of 16.7% and 15.4% respectively compared to the same period last year. Additionally, as of March 31, 2026, the total subscribed and pending signing sales contracts amount to approximately RMB 534 million, with an area of approximately 43,400 square meters. During the quarter, the group acquired a piece of land in Taizhou with an attributable floor area of approximately 86,700 square meters, requiring a land price payment of approximately RMB 287 million. As of March 31, 2026, the CNOOC series companies held a total land reserve in mainland China with a potential floor area of approximately 11.9921 million square meters (including those held by associated companies, with the group's attributable floor area being approximately 10.2949 million square meters).