Zhi Tong Cai Jing·2025-08-27 04:16Core Viewpoint - China Overseas Development (00688) reported a decrease in revenue and profit for the six months ending June 30, 2025, indicating challenges in the current market environment [1] Financial Performance - The company achieved revenue of RMB 83.219 billion, a year-on-year decrease of 4.27% [1] - Shareholders' profit attributable to the company was RMB 8.599 billion, down 16.62% year-on-year [1] - Earnings per share were RMB 0.79, with an interim dividend proposed at HKD 0.25 per share [1] Land Acquisition and Development - The company acquired 17 new land parcels in 10 cities in mainland China and Hong Kong, adding a total construction area of 2.58 million square meters [1] - The total land cost amounted to RMB 40.37 billion, with equity land cost at RMB 40.11 billion [1] Debt and Financial Position - As of June 30, 2025, the company's total borrowings were RMB 227.45 billion, a reduction of RMB 14.12 billion compared to the end of 2024 [1] - The company held bank deposits and cash amounting to RMB 108.96 billion [1] - The net debt-to-equity ratio stood at 28.4%, with an average financing cost of 2.9%, which is among the lowest in the industry [1]