China Overseas Q3 operating profit hits 1.95 billion yuan, revenue surges
China Overseas (0688) reported a 1.95 billion yuan operating profit for Q3 2026, with first-nine-month profit up 10 per cent year-on-year. Revenue surged over 65 per cent in Q3. The group acquired 14 land parcels across mainland China and Hong Kong.
China Overseas (0688) reported an operating profit of 1.95 billion yuan (HK$2.29 billion) for the third quarter of 2026, according to a statement released on 28 October. For the first nine months of the year, operating profit rose 10 per cent year-on-year to 14.49 billion yuan.
During the third quarter, the group's revenue surged by over 65 per cent year-on-year to 32.8 billion yuan. For the first nine months, revenue reached 130.4 billion yuan. The group stated that it continues to maintain a sound financial position and a strong cost advantage, with its net gearing ratio and financing costs remaining among the lowest in the industry.
For the first nine months of the year, the company achieved contracted property sales of 181.04 billion yuan, an increase of 6.2 per cent year-on-year, the group reported. The corresponding total gross floor area sold was 6.12 million square metres, a decline of 19.2 per cent.
During the third quarter, the group acquired 14 new land parcels across seven mainland cities and Hong Kong. These additions represent a total gross floor area of 2.16 million square metres, involving a total land cost of 49.22 billion yuan.
China Overseas' share price fell 0.56 per cent to HK$12.36 as of 2.30pm on 28 October.