Core Viewpoint - Poly Property Group (00119) has seen a stock increase of over 4%, currently at HKD 1.71, with a trading volume of HKD 25.1652 million. The market perceives the recent share transfer as a precursor to the integration of Poly Development and Poly Property [1]. Group 1: Company Developments - Poly Development announced the transfer of 4.512 billion shares to Poly Group, which will eliminate the intermediate level as Poly Development transitions to a first-tier subsidiary of Poly Group alongside Poly Property [1]. - This structural change is interpreted by the market as a step towards the integration of Poly Development and Poly Property [1]. Group 2: Market Analysis - CICC has issued a report stating that Poly Property is a significant real estate development platform under Poly Group, demonstrating stable operational performance during the current downturn [1]. - The report assigns a "outperforming the industry" rating to Poly Property, highlighting its high valuation cost-effectiveness among central enterprise real estate companies [1]. - The market anticipates an improvement in operational performance and valuation recovery potential for the company, driven by policy support [1].

Core Insights - Poly Real Estate disclosed its September unaudited sales report, indicating a contract sales amount of approximately 3.9 billion yuan [1] - The total contract sales area for September was about 107,000 square meters, with an average contract sales price of approximately 36,800 yuan per square meter [1] Summary by Categories Sales Performance - In September, Poly Real Estate achieved a contract sales amount of around 3.9 billion yuan [1] - The contract sales area for the month was approximately 107,000 square meters [1] Pricing Information - The average contract sales price for September was about 36,800 yuan per square meter [1]

Group 1 - The core viewpoint of the article highlights that Poly Real Estate Group achieved a contract sales amount of approximately RMB 3.9 billion in September 2025, representing a year-on-year increase of 14.7% [1] - The total contract sales area for the same period was approximately 107,000 square meters, with an average contract sales price of about RMB 36,799 per square meter [1] - As of September 2025, the cumulative contract sales amount reached approximately RMB 39.5 billion, showing a year-on-year decline of 1.7% [1] Group 2 - The cumulative contract sales area was approximately 1.295 million square meters, with an average contract sales price of about RMB 30,504 per square meter [1]

Core Viewpoint - Poly Real Estate Group (00119) reported a contract sales amount of approximately RMB 3.9 billion for September 2025, representing a year-on-year increase of 14.7% [1] Summary by Categories Contract Sales Performance - For September 2025, the company achieved a contract sales area of approximately 107,000 square meters, with an average contract sales price of approximately RMB 36,799 per square meter [1] - Cumulatively, as of September 2025, the company realized a total contract sales amount of approximately RMB 39.5 billion, showing a year-on-year decline of 1.7% [1] - The cumulative contract sales area reached approximately 1.295 million square meters, with an average contract sales price of approximately RMB 30,504 per square meter [1]

格隆汇10月8日丨保利置业集团(00119.HK)公告，2025年9月，置业集团实现合同销售金额约人民币39亿 元，合同销售面积约10.7万平方米，合同销售均价约人民币36,799元/平方米。截至2025年9月，置业集 团累计实现合同销售金额约人民币395亿元。累计合同销售面积约129.5万平方米，合同销售均价约人民 币30,504元/平方米。 ...

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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 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） 承董事會命 保利置業集團有限公司 主席 香港，二零二五年十月八日 於本公告日期，本公司執行董事為萬宇清先生及胡在新先生；非執行董事為張毅先生及鄧歡先 生；獨立非執行董事為馮志堅先生、梁秀芬女士、黃家倫先生及吳劍林先生。 保利置業集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司連同其合 營及聯營公司（「置業集團」）2025年9月的若干未經審核銷售數據。 2025年9月，置業集團實現合同銷售金額約人民幣39億元，合同銷售面積約10.7萬平方 米，合同銷售均價約人民幣36,799元/平方米。 截至2025年9月，置業集團累計實現合同銷售金額約人民幣395億元。累計合同銷售面積 約129.5萬平方米，合同銷售均價約人民幣30,504元/平方 ...

更多政策解读、城市月报、房企研究报告...... 中指云 Q 就在 \ 2025 t - That W FRERRARE 2025 年 1-8 月苏州房地产企业销售业绩排行榜 1-8 月,苏州市区(含吴江)商品住宅新增供应 172.39 万平,成交 204.06 万 平, 销 售 金 额 达 514.79 亿 元 ; 苏 州 大 市 新 增 供 应 295.15 万 平，成 交 316.69 万 平 ， 销 售 金 额 达 705.87 亿 元 。下 面 请 看 2025 年 1-8 月 苏 州 市 区 及 苏 州 大 市 房 企 的 具 体 表 现 。 | | | | 2025年1-8月苏州市区房地产企业 | | | | --- | --- | --- | --- | --- | --- | | | | | 销售业绩TOP20 | | | | 排名 | 企业名称 | (12.77 | 司名 | 企业名称 | 销售面积 (万 m2) | | 1 | 苏州恒泰 | 44.0 | 1 | 苏州恒泰 | 14.6 | | 2 | 保利置业 | 36.4 | 2 | 保利置业 | 12.7 | | 3 | 新鸡基地产 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 保利置業集團有限公司 | | | 呈交日期: | 2025年10月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00119 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 3,821,183,118 | | 0 | | 3,821,183,118 | | 增加 / 減少 (-) | | | | ...

2020-2024年全国与百强口径新房销售额分别累计下行44%及68%，但期间公司全口径销售额稳定在500- 600亿元，产业排名逆势提升50个位次至17名。该行判断公司全年500亿元销售目标的确定性高，或预期 实现同比小幅正成长。 中金发布研报称，首次覆盖保利置业(00119)，给予目标价2.15港元及"跑赢行业"评级。该行预计公司 2025-2026年每股盈利为0.04元人民币(下同)。 中金认为公司是少数具备高估值性价比的央企房企。市场在公司营运和估值上有预期差，看好后续经营 端超预期改善，以及政策驱动行情下公司的估值修复空间。公司此前受"同业竞争"与阶段性治理不确定 性影响，股价曾长期承压。随着前述问题解决，公司经营和资产品质在产业下行过程中持续改善。 ...

Core Viewpoint - CICC initiates coverage on Poly Real Estate (00119) with a target price of HKD 2.15 and an "outperform" rating, expecting earnings per share of RMB 0.04 for 2025-2026 [1] Group 1: Company Performance - The company is identified as one of the few central state-owned enterprises in the real estate sector with high valuation cost-effectiveness [1] - Despite a 44% and 68% decline in national and top 100 new home sales from 2020 to 2024, the company's total sales remained stable at RMB 50-60 billion, improving its industry ranking by 50 positions to 17th [1] - The company is expected to achieve its annual sales target of RMB 50 billion with a high degree of certainty, potentially realizing slight positive growth year-on-year [1] Group 2: Market Conditions - The market has a perception gap regarding the company's operations and valuation, with expectations for operational improvements and valuation recovery driven by policy changes [1] - The company's stock price had been under pressure due to "peer competition" and uncertainties related to governance, but these issues are now being resolved [1]