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Is the industry leader also under pressure? Poly Developments and Holdings Group's performance declines in 2024, initiating structural adjustments.
Poly Developments and Holdings Group recently announced adjustments to its organizational structure, mainly involving the merger of regional companies and personnel changes; before and after this restructuring by Poly Developments and Holdings Group, it coincides with the announcement of a decline in revenue and net profit for 2024.
Research Reports on Opportunities | Ping An Securities: The performance pressure on Poly Developments and Holdings Group is gradually being released, maintaining a "recommended" rating.
According to the research report from Ping An Securities, Poly Developments and Holdings Group (600048.SH) has significant financing advantages, leading sales scale, a determined strategy to reduce inventory and adjust structure, and gradually releasing performance pressure. It is expected to smoothly navigate through the cycle and continue to develop positively. The previous stock price adjustment reflects a degree of pessimistic expectation, maintaining a 'recommend' rating. Based on the company's third-quarter report and the obtained Statistics of monthly announcements for Real Estate projects, the total land acquisition area for the whole year of 2024 is 3.29 million square meters, with a land acquisition amount of 68.2 billion yuan, showing a land acquisition sales area ratio of 18.3% and a land acquisition sales amount ratio of 21.1%, continuing to concentrate in core cities' core areas. Due to the company's gross margin decline, reduction
Poly Development Holding Group Co., Ltd. 2024 Annual Results Forecast and Performance Report Announcement
Express News | Poly Developments Prelim 2024 Net Profit Down 58.4%
Poly Developments Acquires Six Land Real Estate Projects for 9.96 Billion Yuan
Poly Development Holding Group Co., Ltd. Sales Briefing for December 2024