Poly Developments released its 2026 semi-annual results flash. Total operating revenue was 102.897 billion yuan, down 11.95% year-on-year. Operating profit was 5.545 billion yuan, down 47.28% year-on-year. Total profit was 5.618 billion yuan, down 47.15% year-on-year. Net profit attributable to the parent company was 1.928 billion yuan, down 38.96% year-on-year. Net profit attributable to the parent company after deducting non-recurring items was 1.847 billion yuan, down 38.99% year-on-year. The company stated that, affected by industry and market fluctuations, the scale of property project delivery and the gross margin on deliveries declined, leading to the year-on-year decrease in related profit indicators.
Poly Real Estate Group Co LtdRevenue and net profit dropped sharply year-on-year due to lower delivery scale and margins.