SINO-OCEAN GP (03377) has announced a positive profit alert for the fiscal year ending December 31, 2025. The group anticipates reporting a net profit attributable to shareholders in the range of approximately RMB 6 billion to RMB 7.5 billion. This represents a significant improvement compared to the net loss of about RMB 186.24 billion recorded in the previous fiscal year ending December 31, 2024.

Based on currently available information, the expected profit for the current year is primarily attributed to non-cash gains resulting from the successful completion of the group's offshore debt restructuring and substantial progress made in its onshore debt restructuring initiatives.

However, after excluding the impact of these one-time gains from debt restructuring, the group expects to report a net loss attributable to shareholders for the current year. This underlying loss is mainly due to the ongoing adjustments in China's overall real estate market in recent years, which have led to a decrease in revenue and gross profit margins. Additional contributing factors include increased impairment provisions for property projects and a decline in the share of profits from joint ventures and associates.