600048 Poly Developments and Holdings Group
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Poly Developments and Holdings Group News
Poly Developments and Holdings Group (600048.SH) will distribute RMB 0.41 per share for the year 2023, with the record date being July 29th.
Poly Developments and Holdings Group (600048.SH) announced that the company will implement annual equity distribution in 2023 to all shareholders...
Research reports: Huachuang Securities: Poly Developments and Holdings Group has outstanding financing advantages and maintains a "recommended" rating.
Huachuang Securities research reports pointed out that Poly Developments and Holdings Group (600048.SH) first-half profit was dragged down by land reserve burden, and gross margin is still under pressure. In the first half of the year, the sales amount decreased by 27% year-on-year. Even the core city real estate market faced significant downside pressure, which forced the company to be more cautious in land acquisition. The company only obtained 12 plots of land in the first half of the year, with equity land price of 10.9 billion yuan. The company has outstanding financing advantages and maintains a high sales fund recovery rate. Financing advantages ensure that the company continues to focus on core cities, improve the quality of land reserves, and lay the foundation for future profit margin and ROE recovery. However, there may be impairment pressure on the company's stock of land reserves in the short term. Based on this,
Benign Growth For Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) Underpins Its Share Price
Research reports by Kaiyuan Securities: Poly Developments and Holdings Group's June sales data improves. Maintains a 'buy' rating.
According to Open Source Securities research reports, Poly Developments and Holdings Group (600048.SH) June sales data has improved, and its industry-leading position is stable. Its sales and land reserves structure continues to be optimized, financing channels are smooth, and its funding cost advantages are obvious. It is expected to continue to benefit from loose real estate policies and industry structure optimization. The company ranks first in sales, bullish on its market share continuing to increase, maintaining a "buy" rating. The company achieved a contracted area of 2.064 million square meters in June, a year-on-year decrease of 11.3%, and a contracted amount of 42.01 billion yuan, a year-on-year increase of 4.62%, and a month-on-month increase of 19.0%. The year-on-year decline in sales revenue has been continuously narrowing since March.
Poly Developments and Holdings Group Co., Ltd. 2024 Semi-Annual Performance Report Announcement
Express News | Poly Developments Prelim H1 Net Profit Down 38.6% Y/Y
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.
Poly Developments' Property Sales Climb 5% in June
Express News | Poly Developments Says June Contract Sales 42.0 Bln Yuan, up 4.6% Y/Y
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
According to Zhongzhi Research Institute, the total sales amount of the top 100 real estate developers in the first half of the year was RMB 2083.47 billion, a year-on-year decrease of 41.6%.
China Real Estate Research Institute released the sales performance ranking of Chinese real estate companies in the first half of 2024.
Does Poly Developments and Holdings Group (SHSE:600048) Have A Healthy Balance Sheet?
Poly Developments' Contracted Amount Slides 14% in May
Poly Developments and Holdings Group (600048.SH) has added two new real estate projects.
Poly Developments and Holdings Group (600048.SH) announced that the company has added 2 new real estate projects, namely in Shanghai...
Express News | Poly Developments and Holdings Says It Obtains Two Property Projects for Combined 1.5 Bln Yuan
Express News | Poly Developments and Holdings Says May Contract Sales Down 13.5% Y/Y at 35.3 Bln Yuan
GTJA: Weak Resurgence in Real Estate Sales, Confidence in Real Estate Recovery
In May, the sales performance of the top 50 real estate companies showed marginal improvement again after March. Sales fell by 31% year-on-year, with a narrowing decline of 16 percentage points, presenting a weak recovery trend, according to GTJA Securities.
Express News | Chinese Developer Poly Mulls $1.7 Billion Convertible Bond Sale- Bloomberg News
Poly Development (600048.SH) topped the sales performance rankings of Chinese real estate companies for the first 5 months before the China Index Research Institute released
On May 31, the China Index Research Institute released the sales performance ranking of Chinese real estate companies from January to May 2024.
The boss of the housing enterprise tasted the sweetness of the New Deal
Author | Editor Cao Anxun | Zhou Zhiyu's new property market policy is being implemented at an accelerated pace. On May 28, Guangzhou issued an article to follow up on the New Deal. The number of visitors to the Poly Merchants Huafa Central Mansion in Old Huangpu, which had just been open for three days, increased significantly on the same day, and responded to the policy to support a 15% down payment ratio for the first package. Sales are also actively promoting policies to customers to solicit customers. Previously, as the first project launched in Guangzhou after the “517” New Deal, the Central Mansion had caught up with a wave of excitement stimulated by the New Deal. It lost about 40% in one day and sold 180 units. Within three days of opening, 220 units were sold, with sales exceeding 700 million yuan. An industry insider in the Guangzhou market pointed out that
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