CH OVS G OCEANS (00081) saw its share price jump more than 7% during intraday trading, last up 4.24% at HK$2.825, with turnover reaching HK$55.136 million.

The company released its interim results, reporting first-half revenue of RMB 14.145 billion, a slight decline of 2.7% year-on-year. Net profit attributable to shareholders rose 15.4% to RMB 328 million, while gross margin improved by 2.5 percentage points to 11.8%.

Huatai Securities noted in a research report that the optimization of the settlement structure has driven gross margin recovery, bringing earnings back onto a growth trajectory. With a rising share of higher-margin projects acquired after 2022 entering the settlement phase, the company's profitability is expected to strengthen further, leading to an upgrade to a "Buy" rating.

Shenwan Hongyuan Securities highlighted that CH OVS G OCEANS operates with a stable strategy, focusing on lower-tier markets centered on "weak second-tier plus strong third-tier" cities, anchored in mid-to-high-end product development to achieve differentiated competition. As leading developers increasingly concentrate land acquisitions in core cities, the company's competitive edge in lower-tier markets is becoming more pronounced, which is also expected to gradually boost its market share.