Poly Property Group Co. Limited Reports 48% Increase in Revenue for H1 2025 Compared to H1 2024
Reuters
Aug 29
Poly Property Group Co. Limited Reports 48% Increase in Revenue for H1 2025 Compared to H1 2024
Poly Property Group Co. Limited has announced its unaudited condensed consolidated results for the six months ended June 30, 2025. The company reported a significant increase in revenue, reaching RMB 18.44 billion, up from RMB 12.46 billion in the same period in 2024. Gross profit also rose markedly to RMB 3.22 billion from RMB 1.78 billion in the previous year. Net profit for the period attributable to the owners of the company was RMB 207.87 million, down from RMB 373.23 million in the corresponding period of 2024. The decrease in profit is partly attributed to an increase in selling expenses, which almost doubled to RMB 831.92 million from RMB 431.37 million in 2024. The weighted average number of ordinary shares remained consistent at 3,821,183,118 for both periods. The company has resolved not to declare any interim dividend for the six months ended June 30, 2025, consistent with the same period in 2024. The Group continues to be organized into four operating divisions: property development, property investment and management, hotel operations, and other operations. Revenue from property development significantly contributed to the total revenue, with RMB 17.46 billion recognized at a point in time. The Group is currently assessing the potential impact of HKFRS 18 on future financial statements.
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