Poly Property Subsidiary Reports Nine-Month Financial Loss

Poly Property Group Co (HK:0119) has released an update.

Poly Property Group Co.’s subsidiary, Shanghai Poly Property, reported a significant decline in its financial performance for the nine months ending September 2024, with a net loss of RMB 149.51 million compared to a profit of RMB 704.63 million in the previous year. The company’s total assets increased to RMB 179.57 billion, while operating revenue decreased substantially. Investors are advised to exercise caution in dealing with the company’s securities.

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