Hong Kong-listed Sino-Ocean Group Holding Limited reported that its indirect wholly owned subsidiary, Beijing Sino-Ocean Group Holding Limited (“Sino-Ocean Holding”), posted a net loss after tax of RMB 7.55 billion for the six months ended 30 June 2026. While the loss narrowed from the RMB 15.97 billion deficit a year earlier, the subsidiary’s balance sheet deteriorated further, with negative equity deepening to RMB 14.90 billion from RMB 7.31 billion at 31 December 2025.

Revenue rose 13.6% year on year to RMB 5.06 billion, up from RMB 4.45 billion in the first half of 2025. Nonetheless, liabilities increased, and asset values declined:

• Total assets fell to RMB 142.35 billion from RMB 147.56 billion at end-2025, driven by a reduction in non-current assets to RMB 28.71 billion. • Total liabilities climbed to RMB 157.25 billion, with current liabilities accounting for RMB 139.28 billion of the total. • Cash resources, including restricted deposits, improved slightly to RMB 5.38 billion from RMB 4.90 billion.

The unaudited figures were prepared in accordance with China Accounting Standards for Business Enterprises and cover only Sino-Ocean Holding and its subsidiaries, not the consolidated Sino-Ocean Group. The parent company cautioned investors that the subsidiary’s numbers do not present a complete picture of the Group’s overall operations or financial condition.