China Ocean 2025 Performance Revealed: Shareholders' Profit Declines by 18.8%, Land Reserves and Dividends Shine

NightAirdropper · 2026-04-02T20:18:41+00:00

China Overseas Development Limited's 2025 financial report shows that contracted property sales reached 251.23 billion yuan, with a sales area of 10.56 million square meters, maintaining market activity. Although net profit attributable to shareholders decreased by 18.8% year-on-year to 12.69 billion yuan, core profit remained stable at 13.01 billion yuan. The company actively expanded its land reserves, adding 35 plots and paying 118.69 billion yuan in land costs, demonstrating confidence in the future market. The net debt ratio is 34.2%, indicating sound financial health. It is recommended to pay a dividend of HKD 0.50 per share, reflecting a focus on shareholder returns.

NightAirdropper

2026-04-02 20:18:41

Abstract generation in progress

China Overseas Development Limited recently released its 2025 annual financial performance report, showing that the company has displayed different trends across several key indicators, including contracted property sales, revenue, and profits.

In the sales segment, China Overseas Development recorded contracted property sales of RMB 251.23 billion for FY2025, corresponding to a sales area of 10.56 million square meters. This result reflects the company’s ongoing activity in the real estate market. Despite market fluctuations, it has still maintained a substantial sales scale.

The profit situation, however, indicates certain challenges. During the reporting period, profit attributable to shareholders was RMB 12.69 billion, down 18.8% year over year. Nevertheless, profit attributable to shareholders on a core basis remained at RMB 13.01 billion; basic earnings per share were RMB 1.16. Although this was lower than RMB 1.43 in 2024, the overall profitability level remained stable.

Land reserves are an important foundation for the sustainable development of real estate enterprises. In FY2025, China Overseas Development actively expanded its land resources. During the year, it added 35 land parcels across 15 cities in mainland China and Hong Kong, with a total planned gross floor area of 4.99 million square meters and attributable gross floor area of 4.45 million square meters. To this end, the company paid total land premiums of RMB 118.69 billion and attributable land premiums of RMB 92.42 billion, demonstrating confidence in future market development.

In terms of financial position, as of December 31, 2025, the company’s total borrowings were RMB 247.38 billion, while bank deposits and cash were RMB 103.63 billion. The net gearing ratio was 34.2%, and the average financing cost was 2.8%. This financial structure indicates that, while maintaining an appropriate level of leverage, the company also focuses on capital liquidity and cost control.

Regarding dividend distribution, the board of directors recommends a final dividend of 25 HK cents per share, together with an interim dividend of 25 HK cents per share, for a total of 50 HK cents per share for the full year. This initiative reflects the company’s emphasis on returning value to shareholders and provides investors with a certain level of income support.

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