According to the company's financial news app, Sino-Ocean Serv (06677) rose nearly 9% in midday trading, as of the release, it increased by 8.93%, closing at 0.61 Hong Kong dollars, with a turnover of 0.3932 million Hong Kong dollars.

On the news front, on September 26, the Politburo of the Communist Party of China held a meeting to analyze and study the current economic situation and deploy the next economic work. The meeting emphasized the need to stabilize the real estate market, strictly control the increment of commodity housing construction, optimize the existing stock, improve quality, increase lending efforts for "white-list" projects, support the activation of idle land stock. Responding to public concerns, adjusting housing purchase restrictions, lowering interest rates on existing housing loans, and accelerating the improvement of land, fiscal, and financial policies to promote the establishment of a new model for real estate development.

Previously, Sino-Ocean Serv released its 2024 interim performance. In the first half of 2024, Sino-Ocean Serv achieved revenue of 1.44 billion yuan, gross profit of 0.33 billion yuan, a year-on-year increase of 1.8%, with a gross margin of 22.8%, a year-on-year increase of 2.1 percentage points; adjusted core net income was 0.19 billion yuan, core net profit margin was 13.1%, a year-on-year increase of 0.8 percentage points. The total contracted and managed area continued to exceed 200 million square meters, with a total contracted construction area of 0.134 billion square meters, and a managed area of 0.101 billion square meters, of which approximately 85% are in first- and second-tier cities. The mid-term dividend payout ratio is 25%, with earnings of 1.25 RMB per share.