Sino-ocean Service Holding Ltd. · HKEX:6677
Sino-ocean Service — H1 2025 Earnings Presentation
18 slides from Sino-ocean Service's earnings presentation, 2025
Slide 1: Sino-Ocean Service Interim Results 2025
Sino-Ocean Service Interim Results 2025
Slide 2: Overview of Results
1 Overview of Results
Slide 3: Revenue
Revenue Revenue decreased by 3.5% yoy to RMB1.39 billion, due to the ongoing adjustment of VAS to non-property owners with cash flow performance below the standard. Revenue from non-cyclical business remained stable and its proportion increased to 74.4% The Company’s independence has further str
Slide 4: Scale
Scale As of 30 June 2025, contracted GFA reached 122 million ㎡, and contracted GFA from third-parties accounted for 52.9%; GFA under management was 93.5 million ㎡, while the proportion of managed GFA located in first- and second-tier cities reached 82.6%. The average management fees was RMB3.2 yua
Slide 5: Third-party expansion
Third-party expansion As of July 2025, the Company has secured 31 projects, with a total contract value of RMB260 million The number of secured projects with single contract value exceeding RMB 10 million reached 9 In July, a nationwide partnership was established with BYD, covering 4S stores
Slide 6: Diversified layout
Diversified layout Extend high-quality service management expertise to non-residential market, establish professional multi-sector service capabilities, and expand growth opportunities in non-residential sectors leveraging major client exemplary cases During the period, governments, school and h
Slide 7: Service Quality
Service Quality A butler-centric service organization was established to align talent strategy with business needs and enhance service capabilities; understand owners needs, refine service details, carry out community events to strengthen connections with owners Customer satisfaction score remai
Slide 8: Commercial segment
Commercial segment Revenue from property management services on commercial properties reached RMB167 million, accounting for 16.2% of total revenue of property management services The contracted GFA for commercial property management services amounted to 8.9 million ㎡, covering 50 commercial pro
Slide 9: Commercial segment
Commercial segment Guided by customer needs, we innovated both service offerings and processes within our “standardized service system + green energy + in-depth value-added services”, and achieved results in operational quality improvement and customer relationship maintenance Standardized system
Slide 10: Community VAS
Community VAS Revenue from community VAS reached RMB249 million, with a yoy increase of 2.0%, turning to positive growth after reshaping development strategy Revenue from community VAS and revenue breakdown Development path for community VAS (RMB million) Extensive operation 544.4 • Reach customer
Slide 11: Community VAS
Community VAS Community living services Home decoration service • Focus on hot products: 18 selected products • “Minor repairs and renovations” : paid achieved sales of 35,000 units through 6 maintenance services covered 154 projects, with dedicated sales events a 1.7% conversion rate from repairs t
Slide 12: VAS to Non-property Owners
VAS to Non-property Owners Due to the ongoing adjustment of VAS to non-property owners with cash flow performance below the standard, cash inflow from VAS to non- property owners increased by 4.6% yoy, while revenue reached RMB106 million, reflecting a 24.0% decrease Property engineering service
Slide 13: ESG
ESG Environmental Protection Customer Responsibility Social Responsibility • Upholding green principles in low-waste and • Listening to customer needs to thoughtfully • Performing social responsibilities to build a low-carbon operations improving services harmonious society • Revitalizing community
Slide 14: Financial Results
2 Financial Results
Slide 15: Revenue
Revenue Due to the ongoing adjustment of VAS to non-property owners with cash flow performance below the standard, revenue amounted to RMB1,385.8 million with a yoy decrease of 3.5%. In particular, revenue from property management services decreased by 2.0% yoy, revenue from community value-adde
Slide 16: Gross Profit and Gross Profit Margin
Gross Profit and Gross Profit Margin Due to impacts including inventory write-downs, increased service costs, and adjustments to the revenue recognition principles for related parties, the gross profit margin declined to 11.7%. After adjusting for the impact of inventory write-downs, the gross pro
Slide 17: Profits and EPS
Profits and EPS Against the backdrop of a declining gross profit margin, the net profit was further weighed down by impairments of trade receivables and goodwill. Excluding such influences, the core net profit* was RMB114.8 million, with a core net profit margin* of 8.3%, representing a yoy decrea
Slide 18: Disclaimers
Disclaimers These materials have been prepared by Sino-Ocean Service Holding Limited (the “Company”) solely for informational use during its presentation to prospective and existing investors for introduction of the Company and to provide an update on the business performance and development of the
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