China Overseas Grand Oceans Group Limited February 2026 Operating Statistics – Investor Update
China Overseas Grand Oceans Group Limited Announces February 2026 Unaudited Operating Statistics
Key Highlights for Investors
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Contracted Sales in February 2026: The China Overseas Grand Oceans Series of Companies recorded property contracted sales of RMB2.3 billion for February 2026, marking a 6.4% year-on-year increase.
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Contracted Gross Floor Area (GFA): The contracted GFA for February reached 184,000 square meters, showing a slight 1.3% year-on-year decrease.
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Cumulative Sales (January–February 2026): For the first two months of 2026, total contracted sales amounted to RMB4.712 billion, a 7.9% year-on-year growth. The total contracted GFA was 398,600 square meters, up 9.4% year-on-year.
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Subscription Sales: As at the end of February 2026, the Group’s property subscription sales were RMB437 million with a subscription GFA of 34,600 square meters.
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Land Acquisition: No new land parcels were acquired in February 2026. However, from 1 January to 28 February 2026, the Group acquired a total GFA of 86,651 square meters at a cost of RMB287.39 million. The only acquisition in this period was the Taizhou Medical High Tech Zone Project, with 100% attributable interest.
Detailed Analysis and Information for Shareholders
The latest unaudited statistics indicate a positive trend in the Group’s contracted sales values, reflecting sustained demand and solid execution despite a marginal decrease in contracted GFA for February. The significant year-on-year growth in cumulative contracted sales and GFA for the first two months of 2026 signals continued momentum in the Group’s property sales.
The property subscription figures at the end of February 2026 further demonstrate a healthy pipeline of future contracted sales, which could potentially support revenue visibility in upcoming periods.
Land Bank Movement
| Date |
City |
Project Name |
Attributable Interest |
Land Area (m2) |
Total GFA (m2) |
Total Land Cost (RMB mn) |
Attributable GFA (m2) |
Attributable Land Cost (RMB mn) |
| 30/01/2026 |
Taizhou |
Medical High Tech Zone Project |
100% |
35,707.00 |
86,651.00 |
287.39 |
86,651.00 |
287.39 |
The Group did not make any additional land acquisitions in February, which may indicate a cautious approach to land banking in the current market environment. The single acquisition earlier in the year, at a sizable and strategic location in Taizhou, reflects a targeted investment strategy with full ownership, which could support future development projects.
Potential Price-Sensitive Issues for Shareholders
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Growth in Sales Value: The positive year-on-year growth in contracted sales and GFA for the first two months of 2026 could be interpreted as a signal of strong operational performance, potentially impacting investor sentiment positively.
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Land Acquisition Strategy: The absence of new land acquisitions in February may raise questions about the Group’s land replenishment strategy, but the targeted acquisition in Taizhou could mitigate concerns about future project pipelines.
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Unaudited Figures: All data provided is unaudited and based on preliminary internal information. Final audited or unaudited consolidated statements to be published later may differ, which introduces a degree of uncertainty for investors.
Board and Governance Update
The announcement is issued by the Board of China Overseas Grand Oceans Group Limited, chaired by Mr. Zhuang Yong. The Board currently consists of eight directors: three executive directors (Mr. Zhuang Yong, Mr. Yang Lin, and Mr. Zhou Hancheng), two non-executive directors (Mr. Billy Yung Kwok Kee and Ms. Liu Ping), and three independent non-executive directors (Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung, and Mr. Andrew Fan Chun Wah).
Important Note to Investors
The Group emphasizes that the operating data disclosed is unaudited and subject to change. Investors are strongly advised to exercise caution, not to place undue reliance on this preliminary information, and to seek professional or financial advice as necessary.
Disclaimer: This article is for information purposes only and does not constitute investment advice. The data presented herein is unaudited and subject to change in future audited or unaudited financial statements. Investors should exercise caution and consult with professional advisers when making investment decisions based on this information.
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