Report
Phillip Zhong
EUR 100.00 For Business Accounts Only

Poly Developments and Holdings' Balance Sheet Strengthened Slightly; FVE Unchanged

Poly Developments and Holdings, recently renamed from Poly Real Estate Group, reported year-to-September revenue and earnings of CNY 95 billion and CNY 9.6 billion, respectively. The top line was up 26% year on year, while earnings were up 16%. This smaller growth in earnings was due to a bigger share of minority interest as the company undertook more joint ventures during the year to scale up its operation. Strong contract sales and joint venture structures have allowed the company to strengthe...
Underlying
Poly Developments & Holdings Group Co. Ltd. Class A

Poly Real Estate Group is engaged in the real estate development; leasing of Co.'s developed commodity housing; the design of housing engineering; old building relocation; road and earthwork construction; interior renovation; the installation of air-conditioning project and management; property and hotel management; and trading of wholesale and retail. Through its subsidiaries, Co. is also engaged in the community intellectualization of integrated system engineering; club management; construction supervision; the provision of commercial consultation services; field management; and the sale and agent of real estate.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch