FINANCIAL REVIEW

Sino-Ocean has become a group with its base in real estate development and excels in sector investments. We have secured a leading position in major city clusters including the Beijing-Tianjin-Hebei Region, the Yangtze River Delta Region, the Pearl River Delta Region, the Yangtze Mid-stream Region and the Chengdu-Chongqing Region. The Group will continue to stay focused on acquiring quality projects.

The Group’s contracted sales amount for the year 2018 (including its joint ventures and associates) reached a record high of RMB109,510 million (2017: RMB70,560 million) with total saleable GFA sold of approximately 5,168,700 sq.m. (2017: 3,711,000 sq.m.). We recorded a decrease in revenue of RMB4,415 million, or 10%, to RMB41,422 million (2017: RMB45,837 million). The profit attributable to owners of the Company decreased to RMB3,574 million (2017: RMB5,115 million), representing a decrease of 30% as compared to 2017. Basic earnings per share decreased accordingly by 30% to RMB0.473 (2017: RMB0.680).