Oceanwide Services (06677.HK 0192837465657483920 12025 revenue is approximately 2.724 billion yuan, a slight decrease of about 4% year-on-year.

Gelonghui, March 25丨China Ocean Service (06677.HK) announced that for the fiscal year ending December 31, 2025, the group’s annual revenue is approximately RMB 2.724 billion, a slight decrease of about 4% compared to RMB 2.840 billion in 2024. The group’s revenue primarily comes from (i) property management services; (ii) community value-added services; and (iii) non-owner value-added services, contributing approximately 75%, 17%, and 8% to the group’s total revenue in 2025, respectively.

For the fiscal year ending December 31, 2025, the loss attributable to equity holders of the company is RMB 1.371 billion (2024: profit of RMB 29 million), mainly due to increased impairment loss provisions and one-time trading losses during the year. The group aims to improve the returns on equity attributable to shareholders by enhancing the quality of property management services and consolidating its core business competitiveness.

As of December 31, 2025, the number of contracted property management service projects is 555, with a contracted gross floor area of 114.0 million square meters, a decrease of about 7% compared to December 31, 2024; the managed gross floor area is 89.4 million square meters, a year-on-year decrease of approximately 3%. This change is primarily due to the proactive exit from inefficient projects during the year. In 2025, the newly added contracted gross floor area is 7.1 million square meters, of which approximately 94% comes from third parties. During the year, the group continues to focus resource expansion on high-value areas and business types, concentrating on core cities to build a regional market reputation through high-quality services; at the same time, it focuses on stable demand sectors such as government and state-owned enterprises to enhance cyclical resistance. The group’s projects are mainly concentrated in first- and second-tier cities such as Beijing, Tianjin, Qingdao, and Wuhan, where the managed gross floor area accounts for approximately 81%.

The board of directors is pleased to recommend a final cash dividend of RMB 0.0107 per share (equivalent to HKD 0.0122 per share).