Core Viewpoint - Ocean Group (03377) has announced a profit warning, expecting a significant turnaround from a loss in the previous year to a profit in the upcoming period, primarily due to non-cash gains from debt restructuring [1] Financial Performance - The company anticipates a profit attributable to shareholders of approximately RMB 9.5 billion to RMB 11 billion for the six months ending June 30, 2025, compared to a loss of approximately RMB 5.382 billion in the same period of 2024 [1] - The expected profit is mainly attributed to non-cash gains from the completion of overseas debt restructuring [1] Market Conditions - Excluding the one-time gains from the debt restructuring, the company expects to report a loss attributable to shareholders during the period, primarily due to the ongoing adjustment in China's overall real estate market [1] - The decline in revenue and gross margin, along with increased impairment provisions for property projects, has negatively impacted the company's performance [1] - The performance of joint ventures and associates has also seen a decline, contributing to the expected losses [1]
港股异动 | 远洋集团(03377)高开逾14% 预计上半年扭亏为盈至最多110亿元