Poly Property Subsidiary Reports Sharp Profit Drop on Stable Balance Sheet

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

Poly Property Group’s subsidiary Shanghai Poly Property has disclosed unaudited key financial data for the three months ended 31 March 2026, as required by China’s debt market rules. The unit reported total assets of RMB167.26 billion, total liabilities of RMB134.18 billion and bank balances, deposits and cash of RMB26.86 billion, showing a broadly stable balance sheet compared with year-end 2025.

For the first quarter of 2026, Shanghai Poly Property posted operating revenue of RMB2.27 billion and net profit of RMB43.24 million, sharply lower than the same period in 2025. The figures indicate a significant year-on-year decline in profitability for the debt-issuing subsidiary, a development that existing and potential investors in Poly Property Group will likely monitor closely given its importance to the group’s funding and financial profile.

More about Poly Property Group Co

Poly Property Group Co., Limited is a Hong Kong–incorporated real estate company whose wholly owned subsidiary, Shanghai Poly Property, operates in mainland China. The group engages in property-related activities and has issued domestic debt financing instruments in China, requiring regular financial disclosure under local market regulations.

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Technical Sentiment Signal: Buy

Current Market Cap: HK$7.07B

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