Group 1: Market Overview - In September 2025, the supply and demand for new residential properties in Fuzhou increased significantly, with supply area reaching 267,200 square meters, a month-on-month growth of 21.2%, and transaction volume at 340,500 square meters, a month-on-month increase of 70.6% [1][5] - Cumulatively, from January to September 2025, the total supply of new residential properties in Fuzhou was 2,077,600 square meters, a year-on-year increase of 3.5%, while the total transaction area was 2,922,000 square meters, a year-on-year decrease of 4.7% [5] Group 2: Land Market - In September 2025, Fuzhou's land market saw the completion of 10 residential land transactions, with a total planned construction area of 729,200 square meters and total land transfer fees amounting to 4.937 billion yuan, with an average premium rate of 9.75% [1] - The Fuzhou land auction on September 30 featured 9 plots, with 8 plots sold at the base price, totaling a planned construction area of 419,200 square meters and land transfer fees of 4.089 billion yuan [3][4] Group 3: Top Real Estate Companies - The top 10 real estate companies in Fuzhou for the first nine months of 2025 achieved a combined sales revenue of 23.527 billion yuan and a total sales area of 1,168,900 square meters [2] - Fuzhou Urban Investment Group led the market with a sales revenue of 4.56 billion yuan, followed by Jianfa Real Estate with 3.37 billion yuan, and Poly Development with 3.28 billion yuan [2] Group 4: Market Trends - The Fuzhou new housing market is currently in an adjustment phase, characterized by a "cold-hot" trend, where some core projects are selling well while many others are under pressure [8] - The market has entered a new phase driven by "quality," with competitive advantages for "good properties," while less competitive projects struggle [8]

Group 1 - Over 70% of A-share companies that have disclosed Q3 reports reported profit growth, with 254 out of 360 companies showing a year-on-year increase in net profit, particularly in the electronics, basic chemicals, automotive, power equipment, and machinery sectors [1] - 843 A-share companies announced a total of 6620.26 billion yuan in mid-term dividends, with 595 already implemented and 255 pending [1] - The storage chip market is experiencing a "super cycle," driven by AI and increasing demand for data storage, with price increases expected to continue until 2026 [2] Group 2 - The price of lithium hexafluorophosphate has surged by 44% since September 15, driven by strong demand recovery and supply constraints, while the utilization rate of lithium iron phosphate production has reached 73.46% [3] - Goldman Sachs predicts a slow bull market in the Chinese stock market, with key indices expected to rise by about 30% by the end of 2027, driven by profit growth and revaluation potential [4] - The insurance asset management sector has seen 92.7% of products achieve positive returns this year, with equity products averaging a return of 28% [2] Group 3 - Leju Robotics completed a Pre-IPO financing round of 1.5 billion yuan, with plans for an IPO underway [9] - Wens Foodstuff Group reported a 65.02% year-on-year decline in net profit for Q3, with total revenue down by 9.76% [10] - Poly Developments reported a 75.31% year-on-year decline in net profit for the first three quarters, despite a 30.65% increase in Q3 revenue [10]

Core Insights - The Social Security Fund has disclosed its stock holdings as of the end of Q3, appearing in the top ten circulating shareholders of 33 companies, with a total holding of 625 million shares valued at 13.07 billion yuan [1][2] Group 1: Stock Holdings - The Social Security Fund has newly entered 7 stocks and increased holdings in 10 stocks, while maintaining positions in 6 stocks and reducing holdings in 10 stocks [1] - The company with the highest number of Social Security Fund shareholders is Sanhe Tree, with 3 funds listed among the top ten shareholders, holding a total of 15.02 million shares, accounting for 2.04% of circulating shares [1] - The stock with the highest holding ratio by the Social Security Fund is Baiya Shares, with a holding ratio of 4.34%, followed by Guoyao Shares at 4.12% [1][2] Group 2: Performance and Profit Growth - Among the stocks held by the Social Security Fund, 26 companies reported year-on-year net profit growth, with the highest growth seen in Xinqianglian, achieving a net profit of 664 million yuan, a year-on-year increase of 1939.50% [2] - The average increase of Social Security Fund heavy stocks since October is 1.21%, outperforming the Shanghai Composite Index [2] - The best-performing stock is Shenhuo Shares, with a cumulative increase of 16.74%, followed by Haotaitai and Jinling Mining with increases of 14.87% and 13.64%, respectively [2] Group 3: Sector Distribution - The stocks held by the Social Security Fund are primarily concentrated in the pharmaceutical, basic chemical, and agriculture sectors, with 4, 4, and 3 stocks respectively [2] - In terms of board distribution, 26 stocks are from the main board, 6 from the ChiNext board, and 1 from the Sci-Tech Innovation board [2]

Group 1 - Poly Developments announced that as of September 30, 2025, the total external guarantees by the company and its subsidiaries amount to 113.176 billion yuan, which represents 57.28% of the audited net assets attributable to shareholders by the end of 2024 [1] - Among the total guarantees, the company provided 109.674 billion yuan to its subsidiaries, accounting for 55.5% of the audited net assets attributable to shareholders by the end of 2024 [1] - For the first half of 2025, the revenue composition of Poly Developments is as follows: real estate accounts for 89.98%, other businesses account for 9.77%, and other operations account for 0.25% [1] Group 2 - As of the time of reporting, Poly Developments has a market capitalization of 92.4 billion yuan [2]

Core Viewpoint - Poly Developments reported a decline in revenue and net profit for the first three quarters of 2025, reflecting challenges in the industry and market fluctuations [1] Financial Performance - The company achieved operating revenue of 173.72 billion yuan, a year-on-year decrease of 4.95% [1] - The net profit attributable to shareholders was 1.93 billion yuan, down 75.31% year-on-year [1] - Sales recovery for the first nine months reached 194.1 billion yuan, with a recovery rate of 96% [1] Asset and Liability Overview - As of the end of the reporting period, the company's total assets amounted to 1,287.39 billion yuan, a decrease of 3.57% compared to the end of the previous year [1] - The net assets attributable to shareholders were 197.42 billion yuan, a slight decrease of 0.09% from the previous year [1] - The asset-liability ratio stood at 73.27%, down by 1.08 percentage points from the end of the previous year [1]

证券代码：600048 证券简称：保利发展 公告编号：2025-088 关于 2025 年第三季度提供担保情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人：保利发展控股集团股份有限公司（以下简称"公司"或"本 公司"）的下属子公司及参股公司（含其下属公司，下同）。 | 对外担保类别 | 第三季度对外担保 | 对外担保 | | --- | --- | --- | | | 新增加额 | 余额 | | 公司为全资子公司提供担保 | 89.47 | 953.08 | | 其中资产负债率未超过 70%的全资子公司 | 26.50 | 43.37 | | 其中资产负债率超过 70%的全资子公司 | 62.97 | 909.71 | | 公司为非全资子公司提供担保 | 3.23 | 143.66 | | 其中资产负债率未超过 70%的非全资子公司 | 0 | 33.45 | | 其中资产负债率超过 70%的非全资子公司 | 3.23 | 110.21 | | 公司为参股公司提供担保 | 0.01 | 35 ...

保利发展10月21日公告，2025年第三季度实现营业收入568.65亿元，同比增长30.65%，归属于上市公司 股东的净利润亏损7.82亿元，基本每股收益亏损0.07元。 ...

[Key Financial Data](index=1&type=section&id=Key%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) Poly Developments' Q3 2025 and year-to-date financial performance shows a 30.65% revenue increase but significant declines in total profit and net profit attributable to shareholders Key Accounting Data and Financial Indicators for Q3 2025 and Year-to-Date (Unit: billion yuan, unless otherwise specified) | Item | Current Reporting Period | YoY Change in Current Period (%) | Year-to-Date | YoY Change Year-to-Date (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 56.86 | 30.65 | 173.72 | -4.95 | | Total Profit | -0.06 | -102.37 | 9.85 | -40.80 | | Net Profit Attributable to Shareholders | -0.78 | -299.19 | 1.93 | -75.31 | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -0.84 | -329.03 | 1.74 | -76.76 | | Net Cash Flow from Operating Activities | N/A | N/A | 6.98 | / | | Basic Earnings Per Share (yuan/share) | -0.07 | -296.78 | 0.16 | -75.28 | | Diluted Earnings Per Share (yuan/share) | -0.07 | -296.78 | 0.16 | -75.28 | | Weighted Average Return on Net Assets (%) | Decreased -0.39 percentage points | 0.60 percentage points | 0.98 | Decreased 2.93 percentage points | | Total Assets (End of Current Period) | 1,287.39 | -3.57 | 1,335.11 (End of Previous Year) | -3.57 | | Owners' Equity Attributable to Listed Company Shareholders (End of Current Period) | 197.42 | -0.09 | 197.60 (End of Previous Year) | -0.09 | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This chapter details the company's non-recurring gains and losses for Q3 2025 and year-to-date, totaling **57.55 million yuan** and **189.01 million yuan** respectively, primarily from non-current asset disposals, government grants, and other non-operating income/expenses Non-Recurring Gains and Losses Items for Q3 2025 and Year-to-Date (Unit: million yuan) | Non-Recurring Gains and Losses Item | Current Period Amount | Year-to-Date Amount | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 14.50 | 60.23 | | Government Grants Included in Current Profit/Loss | 6.41 | 21.89 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets | 0.00 | 5.97 | | Other Non-Operating Income and Expenses | 39.47 | 150.98 | | Other Gains/Losses Meeting Non-Recurring Definition | 12.21 | 21.81 | | Less: Income Tax Impact | 14.89 | 40.08 | | Minority Interest Impact (After Tax) | 0.16 | 31.79 | | Total | 57.55 | 189.01 | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=2&type=section&id=Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This chapter explains the changes in key accounting data and financial indicators, attributing a 30.65% revenue increase to project settlement, while significant profit declines are due to reduced profitability from settled projects amid market volatility - Operating revenue for the current period increased by **30.65%** year-on-year, primarily due to increased project settlement revenue[6](index=6&type=chunk) - Total profit, net profit attributable to shareholders, net profit excluding non-recurring items, and basic/diluted earnings per share for both the current period and year-to-date significantly declined, mainly due to reduced profitability from settled projects impacted by industry and market fluctuations[6](index=6&type=chunk) [Shareholder Information](index=3&type=section&id=Shareholder%20Information) [Total Number of Common Shareholders, Voting Rights Restored Preferred Shareholders, and Top Ten Shareholders' Holdings](index=3&type=section&id=Total%20Number%20of%20Common%20Shareholders%2C%20Voting%20Rights%20Restored%20Preferred%20Shareholders%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of the end of the reporting period, the company had 247,737 common shareholders, with Poly Southern Group Co., Ltd. being the largest shareholder at 37.69% - The total number of common shareholders at the end of the reporting period was **247,737**[8](index=8&type=chunk) Top 10 Shareholders' Holdings (As of the End of the Reporting Period) | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | Pledged, Marked, or Frozen Status (Number of Shares) | | :--- | :--- | :--- | :--- | :--- | | Poly Southern Group Co., Ltd. | State-owned Legal Person | 4,511,874,673 | 37.69 | 0 | | China Poly Group Co., Ltd. | State-owned Legal Person | 363,067,789 | 3.03 | 0 | | China Securities Finance Corporation Limited | State-owned Legal Person | 357,138,810 | 2.98 | 0 | | Huamei International Investment Group Co., Ltd. | Domestic Non-State-owned Legal Person | 202,472,515 | 1.69 | 62,820,000 (Pledged) | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 180,938,334 | 1.51 | 0 | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 175,821,300 | 1.47 | 0 | | Industrial and Commercial Bank of China - SSE 50 ETF | Other | 137,187,900 | 1.15 | 0 | | National Social Security Fund 413 Portfolio | Other | 123,947,712 | 1.04 | 0 | | Industrial and Commercial Bank of China - Huatai-PineBridge CSI 300 ETF | Other | 122,657,405 | 1.02 | 0 | | China Construction Bank - E Fund CSI 300 ETF | Other | 88,389,978 | 0.74 | 0 | [Explanation of Top 10 Shareholders and Top 10 Unrestricted Shareholders' Participation in Margin Trading, Securities Lending, and Refinancing Businesses](index=4&type=section&id=Explanation%20of%20Top%2010%20Shareholders%20and%20Top%2010%20Unrestricted%20Shareholders%27%20Participation%20in%20Margin%20Trading%2C%20Securities%20Lending%2C%20and%20Refinancing%20Businesses) This chapter provides additional details on shareholder holdings, including the fourth largest shareholder's credit account holdings and the ongoing transfer of controlling shares to China Poly Group Co., Ltd - The company's fourth largest shareholder, Huamei International Investment Group Co., Ltd., holds **81.76 million shares** through a credit securities account[9](index=9&type=chunk) - As of September 30, 2025, the company's special repurchase securities account held **105.03 million shares**, accounting for **0.88%** of the company's total share capital[9](index=9&type=chunk) - The controlling shareholder, Poly Southern Group Co., Ltd., plans to gratuitously transfer all its shares in the company to the actual controller, China Poly Group Co., Ltd., which will then directly hold **40.72%** of the company's shares and become the controlling shareholder[9](index=9&type=chunk) [Other Reminders](index=4&type=section&id=Other%20Reminders) [Other Important Information Regarding the Company's Operating Performance During the Reporting Period That Requires Investor Attention](index=4&type=section&id=Other%20Important%20Information%20Regarding%20the%20Company%27s%20Operating%20Performance%20During%20the%20Reporting%20Period%20That%20Requires%20Investor%20Attention) This chapter provides an overview of the national real estate market and Poly Developments' operations for the first three quarters of 2025, highlighting market declines, policy support, and the company's strategic focus on core cities despite revenue and profit drops - In the first three quarters of 2025, national commercial housing sales area decreased by **5.5%** year-on-year, sales value decreased by **7.9%**; real estate development investment decreased by **13.9%**; new housing starts decreased by **18.9%**; and completed housing area decreased by **15.3%**[10](index=10&type=chunk) - Policy continues to promote stable and healthy development of the real estate market and industry transformation, with core cities optimizing purchase restrictions and credit policies to support reasonable housing demand[10](index=10&type=chunk) 2025 First Three Quarters Poly Developments Key Operating Data | Indicator | Amount/Quantity | YoY Change (%) | | :--- | :--- | :--- | | Contracted Sales Value | 201.73 billion yuan | -16.53 | | Contracted Sales Area | 10.10 million square meters | -25.13 | | Newly Acquired GFA | 2.90 million square meters | - | | Total Acquisition Cost | 60.30 billion yuan | - | | New Starts Area | 5.12 million square meters | -40.19 | | Completed Area | 18.12 million square meters | -12.12 | - The company's newly acquired gross floor area was **2.90 million square meters**, with a total acquisition cost of **60.30 billion yuan**, all located in **38 core cities**, and **51%** of the investment amount was in core areas of tier-one cities like Beijing, Shanghai, and Guangzhou[11](index=11&type=chunk) - As of the end of Q3, the company had **549** ongoing and planned projects, with **44.83 million square meters** under construction and **45.16 million square meters** awaiting development[11](index=11&type=chunk) 2025 First Three Quarters Poly Developments Key Financial Data | Indicator | Amount | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 173.72 billion yuan | -4.95 | | Net Profit Attributable to Shareholders | 1.93 billion yuan | -75.31 | | Sales Collection | 194.10 billion yuan | 96% (Collection Rate) | | Cash and Cash Equivalents at Period End | 122.65 billion yuan | - | | Total Assets | 1,287.39 billion yuan | -3.57 (vs. End of Previous Year) | | Net Assets Attributable to Shareholders | 197.42 billion yuan | -0.09 (vs. End of Previous Year) | | Asset-Liability Ratio | 73.27% | Decreased 1.08 percentage points (vs. End of Previous Year) | - Net profit attributable to shareholders significantly decreased by **75.31%**, primarily due to reduced profitability from settled projects impacted by industry and market fluctuations[12](index=12&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Quarterly%20Financial%20Statements) [Type of Audit Opinion](index=5&type=section&id=Type%20of%20Audit%20Opinion) This chapter states that the company's Q3 2025 financial statements are unaudited - This quarter's financial statements are unaudited[13](index=13&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) This chapter presents Poly Developments Holding Group Co., Ltd.'s unaudited Q3 2025 financial statements, including consolidated and parent company balance sheets, income statements, and cash flow statements [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2025, the company's consolidated total assets were **1,287.39 billion yuan**, a **3.57%** decrease from year-end 2024, with total liabilities at **943.22 billion yuan** and owners' equity attributable to the parent company at **197.42 billion yuan** Consolidated Balance Sheet Key Data (Unit: yuan) | Item | September 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 122,646,272,448.93 | 134,167,475,994.87 | | Inventories | 746,209,511,137.92 | 798,559,419,241.70 | | Total Current Assets | 1,109,504,666,354.17 | 1,167,068,456,414.63 | | Total Non-Current Assets | 177,888,082,985.07 | 168,039,559,185.06 | | Total Assets | 1,287,392,749,339.24 | 1,335,108,015,599.69 | | Total Current Liabilities | 665,944,114,616.76 | 722,598,651,221.27 | | Total Non-Current Liabilities | 277,277,365,934.81 | 269,979,537,226.11 | | Total Liabilities | 943,221,480,551.57 | 992,578,188,447.38 | | Total Owners' Equity Attributable to Parent Company | 197,419,391,138.51 | 197,596,494,142.03 | | Total Owners' Equity | 344,171,268,787.67 | 342,529,827,152.31 | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2025, the company's total operating revenue was **173.72 billion yuan**, a **4.95%** year-on-year decrease, with net profit attributable to parent company shareholders significantly declining by **75.31%** to **1.93 billion yuan** Consolidated Income Statement Key Data (2025 First Three Quarters, Unit: yuan) | Item | 2025 First Three Quarters (Jan-Sep) | 2024 First Three Quarters (Jan-Sep) | | :--- | :--- | :--- | | Total Operating Revenue | 173,721,678,722.00 | 182,774,387,215.01 | | Total Operating Costs | 163,862,503,709.72 | 168,088,929,922.96 | | Operating Profit | 9,698,174,341.44 | 16,314,125,445.88 | | Total Profit | 9,848,751,008.75 | 16,635,751,459.10 | | Net Profit | 6,515,402,984.28 | 12,241,783,720.33 | | Net Profit Attributable to Parent Company Shareholders | 1,928,577,901.87 | 7,812,547,489.31 | | Minority Interest Income | 4,586,825,082.41 | 4,429,236,231.02 | | Basic Earnings Per Share (yuan/share) | 0.16 | 0.66 | | Diluted Earnings Per Share (yuan/share) | 0.16 | 0.66 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2025, net cash flow from operating activities significantly improved to **6.98 billion yuan**, while net cash outflow from investing and financing activities increased, resulting in a period-end cash and cash equivalents balance of **120.21 billion yuan** Consolidated Cash Flow Statement Key Data (2025 First Three Quarters, Unit: yuan) | Item | 2025 First Three Quarters (Jan-Sep) | 2024 First Three Quarters (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 6,977,471,172.67 | -15,981,776,834.23 | | Net Cash Flow from Investing Activities | -4,034,746,520.63 | -479,817,001.68 | | Net Cash Flow from Financing Activities | -15,228,137,289.77 | -3,836,352,465.70 | | Net Increase in Cash and Cash Equivalents | -12,292,806,488.01 | -20,335,409,730.81 | | Cash and Cash Equivalents at Period End | 120,205,206,037.40 | 126,280,472,948.67 | [Parent Company Balance Sheet](index=13&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2025, the parent company's total assets were **331.63 billion yuan**, a **5.20%** decrease from year-end 2024, with total liabilities at **279.64 billion yuan** and owners' equity at **51.99 billion yuan** Parent Company Balance Sheet Key Data (Unit: yuan) | Item | September 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 8,905,571,959.05 | 11,226,028,043.70 | | Other Receivables | 287,097,178,648.49 | 303,477,771,639.45 | | Total Assets | 331,630,261,975.86 | 349,833,383,601.05 | | Total Liabilities | 279,636,326,603.70 | 298,591,690,485.37 | | Total Owners' Equity | 51,993,935,372.16 | 51,241,693,115.68 | [Parent Company Income Statement](index=16&type=section&id=Parent%20Company%20Income%20Statement) For the first three quarters of 2025, the parent company's operating revenue was **171.15 million yuan**, a **26.68%** year-on-year decrease, with total profit at **3.20 billion yuan** and net profit at **3.50 billion yuan**, primarily driven by investment income Parent Company Income Statement Key Data (2025 First Three Quarters, Unit: yuan) | Item | 2025 First Three Quarters (Jan-Sep) | 2024 First Three Quarters (Jan-Sep) | | :--- | :--- | :--- | | Operating Revenue | 171,154,471.97 | 233,410,792.87 | | Financial Expenses | 1,728,965,084.97 | 1,511,760,558.48 | | Investment Income | 5,056,054,301.68 | 5,535,040,308.14 | | Total Profit | 3,203,887,279.33 | 3,863,196,122.07 | | Net Profit | 3,502,174,926.06 | 3,966,425,388.42 | | Total Comprehensive Income | 3,544,292,052.30 | 3,965,984,584.06 | [Parent Company Cash Flow Statement](index=18&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In the first three quarters of 2025, the parent company's net cash outflow from operating activities improved to **-2.95 billion yuan**, while net cash inflow from investing activities was **4.57 billion yuan**, and net cash outflow from financing activities increased, with a period-end cash and cash equivalents balance of **8.91 billion yuan** Parent Company Cash Flow Statement Key Data (2025 First Three Quarters, Unit: yuan) | Item | 2025 First Three Quarters (Jan-Sep) | 2024 First Three Quarters (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -2,951,337,396.16 | -11,858,935,339.19 | | Net Cash Flow from Investing Activities | 4,571,746,584.91 | 5,706,985,486.39 | | Net Cash Flow from Financing Activities | -3,940,865,273.40 | 3,894,931,142.73 | | Net Increase in Cash and Cash Equivalents | -2,320,456,084.65 | -2,257,018,710.07 | | Cash and Cash Equivalents at Period End | 8,905,571,959.05 | 9,313,930,331.67 |

Core Viewpoint - Poly Developments reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 173.72 billion yuan, a year-on-year decrease of 4.95% [1] - The net profit attributable to shareholders was 1.929 billion yuan, reflecting a significant year-on-year decline of 75.31% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.74 billion yuan, down 76.76% year-on-year [1] - Basic earnings per share were reported at 0.16 yuan [1]

智通财经APP讯，保利发展(600048.SH)发布2025年三季度报告，该公司前三季度营业收入为1737.22亿 元，同比减少4.95%。归属于上市公司股东的净利润为19.29亿元，同比减少75.31%。归属于上市公司股 东的扣除非经常性损益的净利润为17.4亿元，同比减少76.76%。基本每股收益为0.16元。 ...