Poly Developments Is in a Balancing Act Between Earnings Growth and Balance Sheet Strength
Poly Developments and Holdings Group, or Poly Group released full-year results with revenue and earnings of CNY 195 billion and CNY 18.9 billion, slightly better than the preliminary results announced in January. Relative to our initial projection, full-year results ended with top line 2% below, but earnings 1% higher, owing to better margin and higher contributions from associates. Full-year dividend was CNY 0.50 per share, up 25% from a year ago. As of year-end, the company has over 600 projec...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.
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