POLY PROPERTY (00119) announced its interim financial results, with a net profit attributable to shareholders of 2.08 billion yuan, a decrease of 44.31% year-on-year.

POLY PROPERTY (00119) released its interim performance for the six months ended June 30, 2025. The group achieved revenue of 18.444 billion yuan, an increase of 48.07% year-on-year; net profit attributable to owners of the company was 2.08 billion yuan, a decrease of 44.31% year-on-year; basic earnings per share were 5.44 cents. The announcement stated that during the period, the property group (including its affiliated enterprises and joint ventures) achieved contract sales amounting to 26.7 billion yuan, a decrease of 6% year-on-year. According to statistics from CRIC, the top 100 real estate companies saw a cumulative sales decline of 11.8% from January to June. As of the end of June, the group ranked 15th on CRIC's sales list, an increase of 2 places from the end of last year. Due to the continuous concentration of new projects in high-quality areas of high-energy cities, the average contract sales price in the first half of the year increased by 9% to 27,763 yuan per square meter, with sales in the Yangtze River Delta and Greater Bay Area further increasing to 76%. The land market is showing a trend of shrinking volume and improving quality, with real estate companies actively expanding in first-tier and core second-tier cities, and land premium rates rising significantly. In the first half of the year, the property group acquired a total of 9 real estate development projects, with a new land reserve of approximately 1.183 million square meters and an equity ratio of 74%. Calculated by total land cost, investments in Shanghai, Hangzhou, and Guangzhou accounted for 88% of the total. High-quality, fast-turnover projects support sales and cash flow, strengthen the company's safety margin, and drive orderly inventory digestion.