Poly Real Estate Group Co Ltd

Poly Developments released its 2026 interim report. Total operating revenue was 102.86 billion yuan, down 11.98% year-on-year. Net profit attributable to the parent company was 1.959 billion yuan, down 40.84% year-on-year. Net cash inflow from operating activities was 24.552 billion yuan, up 53.28% year-on-year, marking a second consecutive year of growth. The company's asset-liability ratio was 71.79%, down 1.74 percentage points from the same period last year. Gross margin was 13.03%, down 1.61 percentage points year-on-year. Return on equity was 1.01%, down 0.36 percentage points year-on-year. Diluted earnings per share were 0.17 yuan, down 39.29% year-on-year.

Poly Developments disclosed its July 2026 sales data, with a single-month contracted sales amount of 14.923 billion yuan, a year-on-year decrease of 17.16%. The contracted sales area for the month was 779,800 square meters, down 14.3% year-on-year. In the first seven months of 2026, the company's cumulative contracted sales area reached 7.0992 million square meters, a year-on-year decrease of 11.76%; the cumulative contracted sales amount was 150.029 billion yuan, down 8.06% year-on-year.

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.

On the evening of July 23, several listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Pengding Holdings plans to invest 10 billion yuan to build a new Shenzhen Third Campus, along with an artificial intelligence high-end substrate and flexible circuit board intelligent manufacturing base project, scheduled to start in July 2026 and be completed and put into production by 2033. Yunnan Germanium's holding subsidiary signed an indium phosphide wafer supply agreement worth between 570 million and 855 million yuan, accounting for 53.48% to 80.23% of the company's 2025 annual revenue. Huadian New Energy's controlling shareholder intends to transfer 29% of the company's shares to China Huadian for free, after which the controlling shareholder will change to China Huadian. In terms of performance, Dongfeng Motor expects net profit for the first half of the year to increase by 23.45% to 33.74% year-on-year, Minmetals New Energy expects to turn losses into profits, and Poly Developments' net profit fell by 38.96% year-on-year. Additionally, Jiangbolong's chairman proposed a share buyback of 400 million to 800 million yuan, and Montage Technology plans to buy back shares worth 300 million to 600 million yuan.