Ocean Group (03377) achieved a turnover of 6.597 billion yuan in the first half of the year, up 6% year-on-year

According to the Zhitong Finance App, Ocean Group (03377) announced its 2026 interim results. The total agreed sales amount to RMB 8.140 billion and completed the delivery of approximately 6,500 residential units. The turnover was RMB6.597 billion, up 6% year on year. The gross profit was RMB 15 million, reversing the gross loss trend. The total loan amount fell to RMB 50.391 billion. The group continues to mitigate debt risks and is committed to developing new businesses in the asset-light sector.

Furthermore, the Group's property development business turnover for the first half of 2026 was RMB 4.105 billion, up about 25% from RMB 3.296 billion in the same period in 2025. The floor area delivered for sale increased by about 52% from 340,000 square meters in the first half of 2025 to 516,000 square meters in the first half of 2026. Excluding parking space sales, the average recorded sales price in the first half of 2026 fell to about RMB 8,300 per square meter (first half of 2025: RMB 11,000 per square meter), mainly affected by the location of carry-over projects during the period, and there were few carry-over projects located in first-tier cities.