2025年3月28日，中诚信国际公布评级报告，保利置业集团有限公司2025年面向专业投资者公开发行公 司债券(第二期)(品种二)获"AAA"评级。 中诚信国际肯定了保利置业集团有限公司（以下简称"保利置业"或"公司"）实际控制方中国保利集团有 限公司（以下简称"保利集团"）雄厚的股东背景、公司丰富的房地产开发经验及很强的品牌影响力以及 长三角区域货值可对公司短期业绩形成一定支撑等正面因素对公司业务发展及信用水平具有的良好支撑 作用。同时，中诚信国际关注到房地产行业风险、部分区域的项目存在去化压力以及公司财务杠杆比率 偏高等因素可能对其经营及整体信用状况造成的影响。 资料显示，保利置业集团有限公司（以下简称"保利置业"或"公司"）成立于2001年5月。2018年6月20日 保利发展控股集团股份有限公司（以下简称"保利发展"）完成收购保利置业集团有限公司（以下简 称"保利置业（香港）"，股票代码00119.HK）母公司保利（香港）控股有限公司（以下简称"保利香港 控股"）50%的股权，保利集团和保利发展各持有保利香港控股50%股权1，保利香港控股持有保利置业 （香港）40.70%股份。公司作为保利置业（香港）在境 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Poly Property Group Co., Limited 保 利 置 業 集 團 有 限 公 司 （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） （股份代號：00119） 截至二零二四年十二月三十一日止年度之業績公佈 業績 保利置業集團有限公司（「本公司」）董事（「董事」）謹此公佈本公司及其附屬公司 （合稱「本集團」）截至二零二四年十二月三十一日止年度之經審核綜合業績，連同 截至二零二三年十二月三十一日止過往年度之比較數字如下： 1 綜合損益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收入 | 2 | 40,208,482 | 40,932,418 | | 銷售成本 | | (33,612,960) | (32,572,337) | | 毛利 ...

Financial Performance - The company's revenue for the first half of 2024 was RMB 12.457 billion, a decrease of RMB 3.182 billion or 20.3% compared to RMB 15.639 billion in the same period of 2023[4] - Shareholders' profit for the first half of 2024 was RMB 373 million, down RMB 266 million or 41.6% from RMB 639 million in the same period of 2023[4] - The company achieved contract sales amounting to RMB 28.4 billion in the first half of 2024, a decrease of 24% year-on-year, outperforming the industry average decline of 39.5%[5] - The revenue recognized in the first half of 2024 amounted to approximately RMB 11,389 million, with the Yangtze River Delta region contributing 39%[13] - The company reported a net profit for the period of RMB 248,642,000, down from RMB 719,006,000 in the previous year[29] - Total comprehensive income for the period reached RMB 269,740,000, compared to RMB 1,012,895,000 in the previous period[30] - The profit before tax for the six months ended June 30, 2024, was RMB 373,227,000, a decrease from RMB 639,214,000 for the same period in 2023, representing a decline of approximately 41.7%[59] Asset Management - The company had a net asset value per share of RMB 8.95 as of June 30, 2024, compared to RMB 8.92 at the end of 2023, reflecting a slight increase of 0.3%[4] - The company reported a net asset value of RMB 75,435,909,000, compared to RMB 77,146,991,000 in the previous period[36] - The total assets as of June 30, 2024, amounted to RMB 206,867,018, with segment assets of RMB 147,149,250 in property development[46] - The company’s total assets decreased to RMB 16,157,020,000 as of June 30, 2024, from RMB 18,936,272,000 as of December 31, 2023, a decrease of about 14.7%[65] Debt and Liabilities - The group's debt-to-asset ratio was 78.2% as of June 30, 2024, slightly up from 78.1% as of December 31, 2023[21] - The total outstanding bank and other borrowings amounted to RMB 74,593,233,000, with RMB 22,620,929,000 (30.3%) due within one year[21] - Current liabilities increased to RMB 108,159,692,000 from RMB 105,766,980,000, primarily due to an increase in contract liabilities[36] - The total liabilities were RMB 161,725,260, with segment liabilities of RMB 77,057,923 in property development[46] - The total trade payables amounted to RMB 27,690,575,000 as of June 30, 2024, compared to RMB 29,913,119,000 as of December 31, 2023, indicating a decrease of about 7.4%[68] Cash Flow - For the six months ended June 30, 2024, the net cash flow from operating activities was RMB 2,735,959 thousand, a decrease from RMB 5,256,098 thousand in the same period of 2023, representing a decline of approximately 48.0%[40] - The net cash used in investing activities was RMB (804,247) thousand for the first half of 2024, compared to RMB (1,398,675) thousand in the same period of 2023, indicating an improvement of approximately 42.6%[40] - The net cash flow from financing activities was RMB 27,014 thousand in the first half of 2024, a significant recovery from RMB (1,359,141) thousand in the same period of 2023[40] - The company reported a significant decrease in cash flow from operating activities, which is a key indicator of financial health and operational efficiency[41] Investments and Projects - The company acquired approximately 668,000 square meters of new land reserves in Ningbo and Jinan during the first half of 2024[5] - The company plans to launch six new projects in the second half of 2024, including projects in Shanghai, Suzhou, and Jinan[10] - In the first half of 2024, the company commenced six new projects with a total construction area of approximately 667,000 square meters[11] - The company added three new land reserves in the first half of 2024, with a total planned construction area of approximately 668,000 square meters[15] Corporate Governance and Management - The company confirmed compliance with the standard code of conduct for securities transactions by all directors during the reporting period[90] - The audit committee has reviewed the accounting principles and practices used by the group and approved the unaudited interim financial statements for the six months ending June 30, 2024[100] - The company is actively seeking a suitable candidate to fill the CEO position following Mr. Wang Jian's resignation, with Mr. Hu Zaixin appointed as the new CEO effective March 14, 2024[99] Shareholder Information - The major shareholder, China Poly Group Co., Ltd., holds 253,788,246 shares, representing 48.09% of the total issued shares[93] - Poly Development Holdings Group Co., Ltd. holds 1,583,738,058 shares, accounting for 41.45% of the total issued shares[93] - Ting Shing Holdings Limited indirectly holds 1,463,356,514 shares, which is 38.30% of the total issued shares[93] - The group’s basic and diluted earnings per share for the six months ended June 30, 2024, remained the same as there were no potential dilutive ordinary shares[59]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 簡明綜合損益表 Poly Property Group Co., Limited 保利置業集團有限公司 （於香港註冊成立之有限公司） （股份代號：00119） 截至二零二四年六月三十日止六個月 中期業績 中期業績 保利置業集團有限公司（「本公司」）董事（「董事╱董事會」）謹此宣佈本公司及其附屬公司 （「本集團」）截至二零二四年六月三十日止六個月之未經審核簡明綜合業績及截至二零二 三年六月三十日止六個月之比較數字如下： | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| ...

保利置業集團有限公司 POLY PROPERTY GROUP CO., LTD. 於香港註冊成立之有限公司 Incorporated in Hong Kong with limited liability Stock Code 股份代號：00119 4 2023年 Annual Report 苦喜 # THE ESSENCE OF TRUTH AND BEAUTY DEFINES MY HOME 品牌定位 Brand Positioning 美好生活領創者 LEADING CREATOR OF A BRIGHTER FUTURE 品牌口號 Brand Slogan 追求卓越，領創美好 STRIVE FOR EXCELLENCE, CREATE BRIGHTER FUTURE 品牌核心價值 Brand Core Values | --- | --- | --- | --- | |----------|----------|----------|----------| | | | | | | 實力非凡 | 開放多元 | 卓越引領 | 活力進取 | | POWERFUL | OPEN | LEADING | YOU ...

海 外 研 证券研究报告 究 ＃industryId＃ 房地产 ＃investSuggestion＃ ＃ ＃00119 .HK ＃保dy利Com置pa业ny＃集 团 港股通（沪、深） 买入 ( i维nve持stS ） dyStockco uggesti d e＃ 预期，土储＃ 、title＃ 业 绩超 融 资结构持续优化 onC han ge ＃ ＃createTime1＃ 2024年 03月 25日 投资要点 公 ＃市场ma数rk据et Data＃ ＃summary＃ 司 ⚫ 2023 年业绩超预期：，公司实现营收 409.32 亿元，同比下降 0.5%；毛利润 日期 2024.03.22 跟 83.60亿元，同比下降24.6%，对应毛利率为20.4%，同比下降6.5个百分点， 收盘价（港元） 1.44 主要因行业深度调整下整体利润率水平压缩；归母净利润 14.45 亿元，同比 踪 总股本（亿股） 38.21 增长77.0%；核心净利润17.61亿元，同比增长15.9%，主要因公司加强运营 报 总市值（亿港元） 55 和税筹管控，实现降本增效，公司业绩超预期。2023年公司派发末期股息每 告 净资产（亿元） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Poly Property Group Co., Limited 保利置業集團有限公司 （於香港註冊成立之有限公司） （股份代號：00119） 截至二零二三年十二月三十一日止年度之業績公佈 業績 保利置業集團有限公司（「本公司」）董事（「董事」）謹此公佈本公司及其附屬公司（合稱「本 集團」）截至二零二三年十二月三十一日止年度之經審核綜合業績，連同截至二零二二年 十二月三十一日止過往年度之比較數據如下： – 1 – 綜合損益表 截至二零二三年十二月三十一日止年度 | --- | --- | --- | --- | |---------------------------------------------|-------|---------------------------|-------------------------| | | | 二零二三年 | 二零二二年 | | | 附註 | 人民幣千元 | ...

保利置業集團有限公司 POLY PROPERTY GROUP CO., LTD. 股份代號：00119 | --- | --- | |-------|----------| | | | | | 2023 | | | 中期報告 | 目錄 2 公司資料 3 管理層討論與分析 15 中期業績 15 簡明綜合損益表 16 簡明綜合全面收益表 17 簡明綜合財務狀況表 20 簡明綜合權益變動表 21 簡明綜合現金流量表 22 簡明綜合財務報表附註 42 其他資料 二零二三年中期報告2 公司資料 | --- | --- | |-----------------------------------------------------------------------|----------------------------------------------------------------------------| | | | | 董事會 | 公司秘書及授權代表 | | 執行董事 | 黃卓謙 | | 萬宇清 （主席） 王健 （董事總經理） | 法律顧問 | | 叶黎聞 | 美富律師事務所 | | 非執行董事 | 核數 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 簡明綜合損益表 Poly Property Group Co., Limited 保利置業集團有限公司 （於香港註冊成立之有限公司） （股份代號：00119） 截至二零二三年六月三十日止六個月 中期業績 中期業績 保利置業集團有限公司（「本公司」）董事（「董事╱董事會」）謹此宣佈本公司及其附屬公司 （「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業績及截至二零二 二年六月三十日止六個月之比較數字如下： | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------ ...

保利置業集團有限公司 POLY PROPERTY GROUP CO., LTD. Stock Code 股份代號：00119 2022年報 Annual Report STRIVE FOR EXCELLENCE CREATE BRIGHTER FUTURE 追求卓越 領創美好 VISION 願景 The Group aspires to be a leading Chinese property developer with a renowned brand backed by cultural substance. 本集團旨在成為富有文化內涵、品牌彰顯的中國領先房地產開發商。 MISSION 使命 The Group is driven by a corporate spirit and fine tradition that attaches importance to dedication, honesty and integrity. Its development strategy advocates professionalism, marketorientation and internatio ...