SINO-OCEAN SERV (06677) has released its interim results for 2026, posting revenue of approximately RMB 1.291 billion. The company's gross profit climbed 23% year-on-year to around RMB 200 million, with the gross margin rising to approximately 16%. Meanwhile, the loss attributable to shareholders narrowed substantially by 79% to RMB 65.6 million, while core net profit attributable to shareholders reached RMB 81.4 million. As of June 30, 2026, the group's total floor area under management stood at 84.5 million square meters.

During the period, the group adjusted its external expansion strategy, shifting its focus from a scale-oriented approach to a quality-oriented one. The company added 50 new external expansion projects, generating new annual contract value of RMB 130 million, a 76% increase year-on-year. Additionally, the firm onboarded 25 new cooperative clients, with third-party managed floor area accounting for 76% of the new additions, further solidifying its independent expansion capabilities.

The project acquisition coverage spanned 22 cities, including two newly entered locations, reflecting the company's steadily expanding market reach. In terms of execution, external expansion resources were increasingly concentrated in key cities, with newly signed projects in these areas representing 92% of the total, significantly enhancing regional layout density and synergy effects.

Regarding business structure, the group reinforced its traditional strengths while achieving landmark breakthroughs in high-value segments such as hospitals, commercial office buildings, and schools. This broadening of service boundaries has further optimized the business portfolio's resilience to economic cycles and its overall profitability quality.