Poly Dev stock falls 1.42 percent as H1 profit drops 40.84 percent
Published on 09/25/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Poly Dev stock stood at CNY 5.56 on Shanghai trading on September 24, 2026, down 1.42 percent, while the session range was CNY 5.52 to CNY 5.69. The latest operating picture combines weaker property sales with a sharp decline in first-half earnings.
H1 profit drops 40.84 percent
For the six months ended June 30, 2026, operating revenue fell 11.98 percent year over year to CNY 102.86 billion, according to Moomoo. Net profit attributable to shareholders declined 40.84 percent to CNY 1.959 billion, while basic earnings per share came in at CNY 0.17.
The earnings comparison is the key pressure point: profit contracted more than three times as fast as revenue. That gap points to a heavier burden below the top line during the first half of 2026.
August sales extend the pressure
Contract sales in August decreased 16.67 percent from a year earlier, as reported by TradingView on September 10, 2026. The sales figure matters because it links the weaker interim income statement to demand conditions in the companys core property market.
A September 17, 2026 review on Futunn kept a recommended rating and set a 2026 target price of CNY 6.8. At CNY 5.56, the stock price lies 18.2 percent below that target.
Market value remains compressed
Poly Developments and Holdings Group had a market capitalization of CNY 60.331 billion as of September 21, 2026. Against that valuation, the CNY 102.86 billion first-half revenue figure shows the scale of the business, while the 40.84 percent profit decline highlights the earnings risk priced into the shares.
Stock stays below analyst target
Poly Dev stock stood at CNY 5.56 on Shanghai trading on September 24, 2026, with a daily change of minus 1.42 percent. The CNY 6.8 target and the 18.2 percent gap provide the clearest numerical reference for the stock after the weak H1 earnings and August contract-sales figures.
Poly Dev stock key data
- Company: Poly Developments and Holdings Group Co., Ltd.
- Ticker: 600048
- Trading venue: Shanghai Stock Exchange
- Price as of September 24, 2026: CNY 5.56
- Market capitalization: CNY 60.331 billion as of September 21, 2026
- Sector / Industry: Real estate development
