Sino-Ocean subsidiary reports significant net loss, negative equity

Beijing Sino-Ocean Group Holding Limited, an indirect wholly-owned subsidiary of Sino-Ocean Group Holding, has released its unaudited consolidated financial statements for the six months ended June 30, 2025. The subsidiary reported a net loss after taxation of RMB15,966,253 for the period, a significant increase from RMB2,456,636 in the same period of 2024. Revenue also saw a sharp decline, falling to RMB4,452,519 in 2025 from RMB11,434,579 in 2024.

As of June 30, 2025, Beijing Sino-Ocean Group Holding’s total equity turned negative, reaching RMB(2,852,432), a substantial drop from RMB13,149,755 at December 31, 2024. Total liabilities increased to RMB166,141,641 from RMB160,471,648, while total assets decreased to RMB163,289,209 from RMB173,621,403 over the same period.

The company's cash resources, including restricted bank deposits, increased to RMB4,648,927 as of June 30, 2025, up from RMB3,669,269 at the end of 2024. Shareholders and potential investors are advised to exercise caution and not to rely solely on this information, as it pertains only to the subsidiary and may not reflect the full financial condition of Sino-Ocean Group Holding Limited.