Core Insights - The land parcel in Shishan Town, Nanhai District, was successfully auctioned for approximately 381 million yuan, acquired by Baoli South China, a wholly-owned subsidiary of Poly South China [1][2] Group 1: Land Auction Details - The starting price for the Shishan Town land was 317.6 million yuan, with a final transaction price reflecting a premium rate of about 20%, equating to a floor price of 5,232 yuan per square meter [1][2] - The land covers an area of approximately 31,700 square meters and is designated for mixed-use, including residential, retail, dining, hotel, and park areas, with a total development investment requirement of no less than 255 million yuan, excluding the land price [1][2] Group 2: Company Strategy and Market Position - Baoli South China has made three land acquisitions in Foshan this year, with the Shishan Town parcel being adjacent to a previously acquired site, indicating a strategic focus on the Binhai Lake area [1][3] - The company aims to maintain its "land acquisition immediately followed by construction" approach, emphasizing rapid development and project delivery [1][3] Group 3: Market Trends and Performance - In the first nine months of 2025, Baoli South China ranked first in Foshan's real estate sales with a total sales amount of 8.434 billion yuan in equity and 10.776 billion yuan in flow [4] - The overall real estate market in Foshan is experiencing a decline, with the top 30 real estate companies seeing a 15% year-on-year decrease in sales performance [4] - Despite the market downturn, there has been a notable increase in monthly sales performance in September, with a 36% month-on-month growth for the top 30 companies [4][5]

Core Insights - Poly Real Estate Group's Shanghai subsidiary reported significant growth in revenue and net profit for the first nine months of 2025, with revenue reaching approximately 22.76 billion yuan, a year-on-year increase of 82.13%, and net profit of about 334 million yuan, recovering from a loss of 150 million yuan in the same period last year [1] Financial Performance - For the first nine months of 2025, Poly Real Estate Shanghai achieved a total revenue of approximately 22.76 billion yuan, marking an 82.13% increase year-on-year [1] - The net profit for the same period was approximately 334 million yuan, a significant recovery from a net loss of 150 million yuan in the previous year [1] - The net profit attributable to the parent company was approximately 63.31 million yuan, reflecting a year-on-year growth of 208.8% [1] - As of September 30, total assets amounted to 170.51 billion yuan, with total liabilities at 140.87 billion yuan, resulting in equity of 29.64 billion yuan [1] Sales Performance - Cumulative contract sales for Poly Real Estate Group reached approximately 39.5 billion yuan, with a total sales area of about 1.295 million square meters and an average contract sales price of approximately 30,504 yuan per square meter [1] - The Shanghai region remained a key performance area, contributing 6.08 billion yuan in sales, primarily driven by the success of the Hai Shang Yin project [1][2] Project Development - The Hai Shang Yin project, launched in April 2025, sold out within an hour during its first opening and became the first "daylight disk" in Minhang for the year [2] - In September, the project released 52 units of four-bedroom apartments, achieving an average price of 84,143 yuan per square meter, with all units sold out [2] - Poly Real Estate accelerated land acquisition, adding approximately 1.183 million square meters of land reserves, with nearly 90% located in Shanghai, Hangzhou, and Guangzhou [3] Land Acquisition Strategy - Poly Real Estate has increased its focus on Shanghai, acquiring key land parcels in core areas, including the Yangpu Binjiang land for 4.241 billion yuan, setting a new record for floor prices in the area [5] - The company also entered the Jing'an District through equity transactions, acquiring a 51% stake in a real estate development company for 850 million yuan [5] - In addition to conventional land auctions, Poly Real Estate successfully bid for multiple parcels in competitive bidding processes, demonstrating its aggressive expansion strategy [5]

Group 1: Policy and Safety Regulations - Guangzhou Housing and Urban-Rural Development Bureau issued guidelines requiring residential areas to install smoke detectors and gas leak alarms, and to ensure elevators have automatic rescue functions during power outages [1] - The guidelines also mandate the management of electric bicycles, including the installation of monitoring and alarm devices in elevators to prevent vehicles from entering residential floors [1] - Additional safety measures include optimizing fall prevention designs and enhancing the safety of external wall materials and air conditioning units [1] Group 2: Company Financial Performance - Poly Real Estate reported a revenue of 22.759 billion yuan for the first nine months of 2025, representing an 82.13% year-on-year increase, with a net profit attributable to shareholders of 63 million yuan, up 200% [2] - Yuhua Development achieved a revenue of 198 million yuan for the same period, a decline of 32.82%, but reported a net profit of 161 million yuan, marking a significant increase of 454.15% year-on-year [3] Group 3: Real Estate Transactions - China State Construction Intelligence and Future Science City acquired a land parcel in Changping District for 2.6012 billion yuan, with a floor price of approximately 24,900 yuan per square meter, covering an area of about 63,500 square meters and a planned construction area of approximately 104,700 square meters [4] Group 4: Bond Issuance - Poly Real Estate announced the successful issuance of 1 billion yuan in corporate bonds by its wholly-owned subsidiary, with a maturity of 5+2 years and an annual interest rate of 2.79% [5]

Group 1 - Guangzhou Housing and Urban-Rural Development Bureau issued guidelines for safety in residential buildings, requiring smoke detectors, gas leak alarms, and automatic rescue functions in elevators [1] - The guidelines also mandate monitoring and alarm devices for electric bicycles in elevators to prevent them from entering residential floors [1] - Additional safety measures include optimizing fall prevention designs and enhancing the safety of external wall materials and air conditioning units [1] Group 2 - Poly Real Estate reported a revenue of 22.759 billion yuan for the first nine months of 2025, a year-on-year increase of 82.13%, with a net profit attributable to shareholders of 0.63 billion yuan, up 200% [2] - Yucheng Development achieved a revenue of 1.98 billion yuan in the same period, a year-on-year decrease of 32.82%, but reported a net profit of 1.61 billion yuan, reflecting a significant increase of 454.15% [3] Group 3 - China State Construction Intelligence and Future Science City acquired a land parcel in Changping District for 2.6012 billion yuan, with a floor price of approximately 24,900 yuan per square meter [4] - Poly Real Estate successfully issued 1 billion yuan in corporate bonds with a term of 5+2 years and an annual interest rate of 2.79% [5]

Core Viewpoint - Poly Real Estate Group announced the successful issuance of the fourth phase of corporate bonds by its wholly-owned subsidiary, Shanghai Poly Real Estate, aimed at refinancing existing debt [1] Group 1 - The total issuance scale of the fourth phase corporate bonds is RMB 1 billion [1] - The bonds have a term of 5+2 years and a coupon rate of 2.79% [1] - The proceeds from the bond issuance will be used to repay the principal of existing corporate bonds using the company's own funds [1]

Core Viewpoint - Poly Real Estate Group has successfully issued the fourth phase of corporate bonds for 2025, amounting to RMB 1 billion, with a maturity of 5+2 years and an interest rate of 2.79% [1] Group 1 - The bond issuance is aimed at refinancing the principal of repurchased corporate bonds using the company's own funds [1]

Core Viewpoint - Poly Real Estate Group has successfully issued the fourth phase of corporate bonds for 2025, indicating a strategic move to manage its debt obligations effectively [1] Group 1: Bond Issuance Details - The fourth phase of corporate bonds was issued on October 28, 2025, by a wholly-owned subsidiary of Poly Real Estate Group registered in the People's Republic of China [1] - The total issuance scale of the bonds is RMB 1 billion, with a maturity period of 5+2 years and a coupon rate of 2.79% [1] - The proceeds from the bond issuance will be used to replace and repay the principal of the company's redeemable bonds using its own funds [1]

Core Viewpoint - Poly Real Estate Group successfully issued the fourth phase of corporate bonds for 2025, amounting to RMB 1 billion, with a maturity of 5+2 years and a coupon rate of 2.79% [1] Group 1 - The bond issuance was conducted by a wholly-owned subsidiary of Poly Real Estate Group registered in the People's Republic of China [1] - The funds raised from the bond issuance will be used to replace and repay the principal of the company's redeemable bonds using its own funds [1]

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份內容而產生或因倚 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) 自願公告 本公司一間全資附屬公司上海保利置業 公開發行國內公司債券 此乃保利置業集團有限公司（「本公司」）發出的自願公告。 本公司董事會欣然宣佈，本公司一間於中華人民共和國（「中國」）註冊成立之全資附 屬公司保利置業集團有限公司（「上海保利置業」）已於2025年10月28日成功向專業 投資者發行2025年第四期公司債券（「2025年第四期公司債券」）。2025年第四期 公司債券發行規模為人民幣10億元，發行年期為5+2年，票面年利率為2.79%。2025 年第四期公司債券將用於置換償還回售公司債券本金的自有資金。 根據中國相關法律及法規，有關上海保利置業及公司債券詳情之相關文件已刊載於上海 證券交易所的網站（http://www.sse.com ...

Core Insights - Poly Real Estate reported a significant increase in revenue and net profit for the first nine months of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating revenue of 22.759 billion yuan, representing a year-on-year growth of 82.13% [1] - The net profit attributable to the parent company was 0.63 billion yuan, showing a remarkable year-on-year increase of 200% [1]