Poly Developments and Holdings stock fell 1.20 percent as profit drops

Published on 10/07/2026 at 01:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Poly Developments and Holdings stock fell 1.20 percent after first-half revenue declined 11.98 percent to CNY 102.86 billion. Net profit dropped 40.84 percent.

Poly Dev, CNE000001ND1, Illustration mit AI erstellt.

Poly Developments and Holdings stock (ISIN CNE000001ND1) closed at CNY 5.77 on September 30, 2026, down 1.20 percent from CNY 5.84. The move followed first-half results showing lower revenue and profit, with the company still concentrating its property activity on core Chinese cities.

Revenue falls 11.98 percent

According to Futunn on September 23, 2026, Poly Developments reported first-half 2026 operating revenue of CNY 102.86 billion, a year-over-year decline of 11.98 percent. Net profit attributable to shareholders fell 40.84 percent to CNY 1.959 billion.

The sales picture was also softer. Contracted sales reached CNY 135.106 billion in the first half, down 6.93 percent year over year, while contracted floor area fell 11.44 percent to 6.3194 million square meters, according to Futunn.

Core cities support land strategy

Poly Developments added 21 projects during the first half, with total development value of CNY 38.4 billion and attributable ownership of 98 percent. First- and second-tier cities accounted for 86 percent of sales, while core cities contributed 95 percent, according to Futunn on September 17, 2026.

The same report said the analyst house maintained a Buy rating and set a 2026 target price of CNY 6.80, while reducing its 2027 and 2028 earnings forecasts. That combination makes cash collection, project margins and the pace of property sales more important than land expansion alone.

Consensus target reaches CNY 6.23

Investing.com lists a Buy consensus from 11 analysts, with an average 12-month target of CNY 6.23, a high target of CNY 8.00 and a low target of CNY 5.00. The average target stands 8.00 percent above the September 30 price of CNY 5.77.

The stock traded between CNY 5.32 and CNY 5.88 during that session. Its 52-week range was CNY 4.51 to CNY 8.00, and market capitalization stood at CNY 69.1 billion as of September 30, 2026.

Next earnings date is October 29

Poly Developments and Holdings is scheduled to report its next earnings on October 29, 2026, according to Investing.com. The upcoming report will show whether weaker first-half revenue recognition is offset by sales execution in the company's core markets.