China Overseas Grand Oceans: June Contracted Sales Dip 3.7% to RMB 3.89 Billion; 1H26 Sales Rise 15.2% to RMB 19.14 Billion

Bulletin Express
Jul 07

China Overseas Grand Oceans Group Limited reported mixed unaudited operating metrics for June 2026 and the first half of 2026:

June 2026 Performance • Contracted sales reached RMB 3.89 billion, down 3.7% year-on-year. • Contracted gross floor area (GFA) totaled 347,500 sq m, an 11.4% decline.

January–June 2026 Cumulative Performance • Contracted sales amounted to RMB 19.14 billion, a 15.2% increase over the prior-year period. • Contracted GFA rose 11.9% to 1.65 million sq m. • Subscription sales stood at RMB 720.00 million, covering 55,100 sq m of GFA at 30 June.

Land Bank Expansion • Three projects acquired in June—located in Yinchuan (Ningxia) and Tangshan (Hebei)—added 397,357 sq m of GFA at a combined land cost of RMB 1.79 billion. • Year-to-date, four projects totaling 484,008 sq m were secured for RMB 2.08 billion, all on a 100% attributable basis. • Separate from new land acquisitions, the group purchased the remaining equity stakes in two Hefei projects for RMB 104.10 million.

Project Details (YTD 2026) 1. Taizhou Medical High Tech Zone: 86,651 sq m GFA; land cost RMB 287.39 million 2. Yinchuan Jinfeng District: 299,428 sq m GFA; land cost RMB 1.39 billion 3. Tangshan Lubei District #1: 62,614 sq m GFA; land cost RMB 261.93 million 4. Tangshan Lubei District #2: 35,315 sq m GFA; land cost RMB 137.72 million

All figures are unaudited and derived from internal data; they may differ from the company’s forthcoming interim or annual financial statements. Investors are advised to exercise caution when interpreting these numbers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10