PDH(SH:600048) Zheng Quan Ri Bao·2025-04-28 11:38Group 1 - Poly Development has accelerated its land acquisition pace, with significant investments in cities like Xiamen and Hangzhou since April, surpassing its total land acquisition amount for the first quarter [2][3] - In a competitive bidding process, Poly Development won a key residential land parcel in Hangzhou for 4.537 billion yuan, with a premium rate of 58.8% and a floor price of 51,611 yuan per square meter, setting a new record for the area [2] - The company also acquired land in Xiamen for 3.414 billion yuan with a premium rate of 12.34%, and another parcel in Hangzhou for 4.25 billion yuan with a premium rate of 17.73% [2] Group 2 - In the first quarter of 2025, Poly Development's equity land acquisition amount was 12.1 billion yuan, indicating that the investment in the three parcels in April (12.201 billion yuan) exceeded the total for the quarter [3] - Alongside land acquisitions, Poly Development is also engaging in financing activities, having received approval for a convertible bond issuance of up to 8.5 billion yuan to fund 15 real estate projects in cities like Beijing and Shanghai [3] - The recent actions of Poly Development reflect a strategy to strengthen its project reserves in core cities and capitalize on market opportunities amid improving policy support and market confidence [3]