Sino Ocean : 2021 Interim Results

INTERIM RESULTS

August 2021

Contracted sales

• Contracted sales: Total sales RMB52.4 bn, up 25% YoY
• GFA sold: 2.83 mn sqm, up 30% YoY
• ASP: RMB18,500/sqm, remained relatively stable
• Cash proceeds: RMB37.7 bn, up 12% YoY

Contracted sales		GFA sold
(RMB bn)		(mn sqm)

Cash proceeds

( RMB bn)

	52.4
41.8
1H20	1H21

	2.83
2.18
1H20	1H21

33.7	37.7
1H20	1H21

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Contracted sales (cont.)

• Regional distribution: More balanced sales among the 6 major core regions. Beijing Region 24%, Bohai Rim Region 18%, Eastern Region 22%, Southern Region 15%, Central and Western Region 21%. 'South and west' region increased by 8 ppts YoY mainly due to sales contribution from Wuhan in Central Region.
• Product structure: Residential 86%, mostly fast turnover projects.
• Sales highlights: Top 10 cities in sales mainly T1 and core T2 cities, various projects in core cities topped sales chart, such as Oriental World View (Wuhan), Neo-metropolis (Tianjin), Xixi Mansion (Hangzhou) etc.

Distribution (by region)

Top 10 cities in sales (RMB bn)

Southern		Southern
Region
14%		Region	9.6
	Beijing Region	15%
Western Region	29%	Beijing Region
24%
7%	Western Region
Central	4%			6.2
Region
5%	Central				4.0
	Region	Bohai Rim
	17%				2.7
	Region
Eastern Region	Bohai Rim	18%					2.0	1.9	1.8	1.7	1.6	1.6
Region
24%	Eastern Region
21%
		22%
1H20		1H21	Beijing	Wuhan	Tianjin	Shanghai	Nanjing	Hangzhou	Jinan	Dalian	Wenzhou Zhangzhou
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Contracted sales (cont.)

• 2H2021 saleable resources: approx. RMB180 bn, representing nearly 70% of total saleable resources for the year.
• Resources distribution: Beijing Region 24%, Bohai Rim Region 26%, Eastern Region 22%, Southern Region 11%, Central and Western Region 16%.

Distribution (by amount)

Major launches

Western Region

7%

Central Region

9%Beijing Region

24%

Southern

Region

11%

	Bohai Rim
Eastern Region	Region
22%	26%

City	Project	Launch
	Ocean Wuliepoch	Jul-Dec
Beijing	Ocean Poetic Dwelling	Sep
	Captain House	Oct
	Fantastic Timenew	Nov
Tianjin	Neo-metropolis	Jul-Dec
	Ocean Orient new	Sep
Dalian	Joy of Mountain and Sea Jul-Dec
	Beihu West Plot A,	Dec
Jinan	Tianqiao Districtnew
Sino-Ocean Metropolis	Jul-Dec
Qingdao	Sino-Ocean	Aug
Landscapenew
Shanghai Hongqiao Origin	Sep
Nanjing	The One	Jul-Dec

Note：new indicates new projects launched this year

City	Project	Launch
Suzhou	Plot in High-tech Zone,	Nov
	Zhangjiagangnew
Wuxi	One Residence	Jul-Dec
Life in Park	Jul-Dec
	Plot ZX-14a-1, Central
Wenzhou	District,	Oct
	Leqingnew
Zhongshan	Ocean Palacenew	Oct
Xi'an	Plot DK1,	Nov
Wangjiapengnew
Xiamen	Chengnan Plot, Tong'an	Nov
	Districtnew
Fuzhou	Ocean Tianfu	Jul
Foshan	Sino-Ocean Scenerynew	Aug
Wuhan	Oriental World View	Jul-Dec
Chengdu	Xindu New Town Plot,	Dec
Xindu Districtnew
Zhengzhou	Ideal House new	Aug

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