In the first three quarters, CH OVS G OCEANS reported an operating profit of approximately 773 million yuan, a year-on-year decrease of 46.7%
CH OVS G OCEANS announced that its revenue for the first three quarters of 2025 was approximately 21.249 billion yuan, a year-on-year decrease of 21.2%; operating profit was approximately 773 million yuan, a year-on-year decrease of 46.7%. Revenue and operating profit for the third quarter were 6.705 billion yuan and 151 million yuan, respectively. The cumulative contract sales amounted to 23.587 billion yuan, a year-on-year decrease of 10.7%. Four new land parcels were acquired, with a total equity floor area of approximately 519,300 square meters, requiring a land price payment of approximately 1.822 billion yuan
According to the announcement from China Overseas Hongyang Group (00081), for the nine months ending September 30, 2025, the group's revenue 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 contract sales of the group and its associated companies and joint ventures (collectively referred to as the China Overseas Hongyang series companies) amounted to approximately RMB 6.977 billion, involving a sales area of approximately 643,600 square meters. For the nine months ending September 30, 2025, the total cumulative contract sales amounted to approximately RMB 23.587 billion, involving an area of approximately 2.116 million square meters, representing decreases of 10.7% and 9.1%, respectively, compared to the same period last year. Additionally, as of September 30, 2025, the total amount of subscribed but pending sales contracts was approximately RMB 546 million, involving an area of approximately 46,800 square meters.
During this quarter, the group acquired a total of four new land parcels in Baotou, Huizhou, and Tangshan, with a total attributable floor area of approximately 519,300 square meters, requiring a total payment of approximately RMB 1.822 billion for land rights. As of September 30, 2025, the China Overseas Hongyang series companies held a total buildable floor area of approximately 13.2672 million square meters in mainland China (including the floor area held by associated companies and joint ventures, the group's attributable floor area is approximately 11.2296 million square meters) in land reserves
