According to a research report, CHINA OVERSEAS (00688) reported a core profit of RMB 13 billion for the previous year, a decrease of 17% year-on-year, which aligned with expectations. The gross profit margin declined to 15.5%, while the net profit margin fell to 7.7%. The net gearing ratio improved to 34.2%. The company declared a total annual dividend of 50 HK cents per share, down 17% year-on-year, with the dividend payout ratio maintained at 38%. A target price of HK$17.2 was set, accompanied by a 'Buy' rating.
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