Sino-Ocean Group Holding ( (HK:3377) ) has provided an announcement.
Sino-Ocean Group Holding Limited announced the audited consolidated financial results of its subsidiary, Beijing Sino-Ocean Group Holding Limited, for the year ended December 31, 2024. The financial statements, prepared according to China Accounting Standards, revealed a significant decrease in revenue from RMB 42,544,979,000 in 2023 to RMB 19,951,585,000 in 2024, alongside a net loss after taxation of RMB 15,335,200,000. The company’s total assets and equity also declined, indicating financial challenges. Stakeholders are advised to exercise caution when dealing with the company’s securities, as these figures only reflect the subsidiary’s performance and not the entire group’s financial health.
More about Sino-Ocean Group Holding
Sino-Ocean Group Holding Limited is a company incorporated in Hong Kong, primarily engaged in the real estate industry. It operates through its subsidiary, Beijing Sino-Ocean Group Holding Limited, which is a principal subsidiary in the People’s Republic of China, focusing on real estate development and management.
YTD Price Performance: -21.05%
Average Trading Volume: 108,033
Technical Sentiment Signal: Strong Buy
Current Market Cap: $175.2M
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