China Overseas Hongyang Group (00081)'s operating profit for the first three quarters was about 905 million yuan, up 17.1% year-on-year

According to the Zhitong Finance App, China Overseas Hongyang Group (00081) announced that for the nine months ended September 30, 2026, the group's revenue was approximately RMB 19.125 billion, down 10.0% from the same period last year, while operating profit was approximately RMB 905 million, up 17.1% from the same period last year.

In the third quarter of 2026, the total contract sales of the Group and its associated companies and joint ventures (collectively referred to as “CNOOC Hongyang Group Companies”) reached a total of approximately RMB 7.748 billion, involving a sales area of approximately 655,300 square meters. For the nine months ended September 30, 2026, the total cumulative contract sales were approximately RMB 26.886 billion, involving an area of about 2.302,400 square meters, up 14.0% and 8.8% respectively from the same period last year. Furthermore, as of September 30, 2026, the total amount of sales contracts to be signed was approximately RMB 477 million, involving an area of approximately 35,800 square meters.

During this quarter, the Group purchased a total of six new plots of land in Huizhou, Xuzhou, Ganzhou, Nanning, Hefei and Yiwu. The total equity floor area to be occupied was about 796,000 square meters, and the total equity land price to be paid was approximately RMB 3.172 billion. As of September 30, 2026, CNOOC Hongyang Group held land reserves with a total floor area of about 11.684,500 square meters (including a floor area of about 10.318,600 square meters owned by joint ventures and joint ventures) located in mainland China.