Sino-Ocean stock falls 10.26 percent in Hong Kong trading

Published on 10/08/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sino-Ocean stock was trading at HKD 0.04 on October 8, 2026, down 10.26 percent in Hong Kong. First-half revenue reached RMB 6.597 billion, but the group posted a RMB 7.149 billion loss.

Sino-Ocean, HK3377040226, Illustration mit AI erstellt.

Sino-Ocean stock (ISIN HK3377040226) was trading at HKD 0.04 on the Hong Kong Stock Exchange on October 8, 2026, at 2:54 p.m. HKT, down 10.26 percent on the session. The latest market reading puts the company at a HKD 443.3 million market capitalization, with 57,230,000 shares traded.

Interim loss changes the picture

For the six months ended June 30, 2026, Sino-Ocean reported revenue of RMB 6.597 billion, up 6 percent year over year, according to Moomoo. Gross profit reached RMB 15 million, producing a gross margin of 0.2 percent, while the loss attributable to equity holders reached RMB 7.149 billion.

The result marked a sharp reversal from the RMB 10.202 billion profit reported for the comparable period of 2025. Basic loss per share was RMB 0.598, and the board did not declare an interim dividend for the 2026 period, Moomoo reported.

Sales decline despite higher deliveries

Sino-Ocean's contracted sales fell 39 percent to RMB 8.14 billion in the first half of 2026. At the same time, delivered saleable floor area rose 52 percent to 516,000 square meters, showing that higher delivery volume did not translate into stronger contracted sales.

The company also reported that its property business remained under pressure from the domestic real estate adjustment. Further impairment provisions for property projects contributed to the first-half loss, according to the 2026 interim report published by Moomoo.

Debt restructuring remains central

A September 30 update said Sino-Ocean's onshore debt restructuring extended the final maturity of affected bonds to September 2035 and reduced the interest rate to 1 percent per year. The update also said the company completed cash settlement for the repurchase of nine onshore bonds on August 11, 2026, as reported by Futunn.

The same update listed contracted sales of RMB 9.74 billion for the first eight months of 2026, alongside RMB 2.01 billion from project management services. For investors, the contrast between the 6 percent revenue increase and the RMB 7.149 billion interim loss keeps balance-sheet repair and property impairments at the center of the stock story.

Stock trades near yearly low

Sino-Ocean stock was last at HKD 0.04 on October 8, 2026, with an intraday range of HKD 0.03 to HKD 0.04 and a 52-week range of HKD 0.03 to HKD 0.15. The stock's current quote therefore sits at the bottom of its 52-week range, while the market capitalization stood at HKD 443.3 million.