Poly Dev reported share conversion for Poly Dev stock

Published on 10/14/2026 at 01:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue fell 11.98 percent to CNY 102.86 billion. Poly Dev stock has its next quarterly earnings report due October 29, 2026.

Interim figures shape the calendar

Poly Developments reported a share conversion update dated October 9, 2026.
Revenue fell 11.98 percent to CNY 102.86 billion in the first half of 2026.
Poly Developments and Holdings is scheduled to publish its next earnings report on October 29, 2026.

Poly Dev, CNE000001ND1, Illustration mit AI erstellt.

Poly Dev (CNE000001ND1) reported an update on the conversion status of its Poly Dingzhuan securities on October 9, 2026, according to Futubull. The filing adds a current corporate event to a stock story dominated by weaker first-half operating figures.

Three reported milestones

On August 27, 2026, the latest release listed by Investing.com showed revenue of CNY 67.65 billion against a CNY 65.02 billion forecast. On September 17, 2026, a review from Futubull detailed the first-half results. The October 9, 2026 notice covered the third-quarter 2026 conversion status.

What did the interim report show?

Poly Developments and Holdings generated CNY 102.86 billion in total operating revenue in the first half of 2026, down 11.98 percent from the same period a year earlier, according to Futubull. Net profit attributable to shareholders fell 40.84 percent to CNY 1.959 billion, while contracted sales declined 6.93 percent to CNY 135.106 billion.

The report also identified a margin pressure point. Consolidated gross margin on settlement fell 2.26 percentage points year over year to 13.03 percent in the first half of 2026, while cash and cash equivalents reached CNY 133.8 billion.

Analyst target and reporting date

Futubull reported that Huachuang Securities maintained a Buy rating and assigned a 2026 target price of RMB 6.80. The same review said the analyst cut its 2026 to 2028 earnings-per-share forecasts to RMB 0.13, RMB 0.14 and RMB 0.21 from RMB 0.13, RMB 0.20 and RMB 0.31.

Investing.com lists October 29, 2026 as the next earnings date. That report will give investors a fresh test of whether lower revenue recognition and weaker profit conversion continued beyond the first half.

Shanghai listing and business

Poly Developments and Holdings is listed on the Shanghai Stock Exchange under ticker 600048 and operates in real estate, according to Investing.com. Its activities include property investment, development and management, alongside property services, commercial operations and related urban businesses.