Poly Developments and Holdings Group Co., Ltd. 2024 Semi-Annual Performance Report Announcement

Sensex a share12:00 ET · Announcements

Express News | Poly Developments Prelim H1 Net Profit Down 38.6% Y/Y

ReutersJul 11 07:03 ET

Poly Developments and Holdings Group (600048.SH) performance report: net income of 7.508 billion yuan in the first half of the year, a year-on-year decrease of 38.57%.

On July 11th, GLH reports that Poly Developments and Holdings Group (stock code 600048.SH) has released its 2024 Interim Report. The operating total revenue for the reporting period is 139.269 billion yuan, up 1.64% year-on-year. The net income attributable to shareholders of the listed company is 7.508 billion yuan, down 38.57% year-on-year, and the net income attributable to shareholders of the listed company minus non-recurring gains and losses is 7.312 billion yuan, down 37.64% year-on-year. The basic earnings per share is 0.63 yuan. The company's revenue during the reporting period mainly comes from the completion and delivery of real estate projects, and the revenue scale has slightly increased by 1.64% compared to the same period last year.

Gelonghui FinanceJul 11 07:03 ET

Poly Developments' Property Sales Climb 5% in June

Poly Developments and Holdings Group (SHA:600048) logged 42 billion yuan in contract sales in June, climbing 4.6% from the prior-year period, the company said in its filing on the Shanghai Stock

MT NewswiresJul 9 23:58 ET

Express News | Poly Developments Says June Contract Sales 42.0 Bln Yuan, up 4.6% Y/Y

ReutersJul 9 06:54 ET

Major bank rating | UBS Group: The sales of the top 100 real estate companies slightly rebounded in June, and it is expected that the performance of state-owned real estate companies will continue to outperform private real estate companies.

UBS Group released a research report citing data from CRIC indicating that the top 100 real estate developers in mainland China saw a 22% YoY decline in sales in June, compared to a 35% decline in May. The decline narrowed, while the MoM growth was 33%, also slightly higher compared to the average growth rate of 29% in June over the past five years. Among the top ten real estate companies, seven recorded YoY growth in sales in June, believed to be due to a lower base last year and the new salable resources brought by new land reserves in the first half of this year. In the first six months of this year, the total sales of the top 100 real estate companies fell 42% YoY, while in the first five months, it fell by 46%, with the decline narrowing. UBS believes that

Gelonghui FinanceJul 1 23:28 ET