PDH(SH:600048) Ge Long Hui A P P·2025-10-23 09:44Core Viewpoint - Poly Developments reported a decline in revenue and net profit for the first three quarters, indicating pressure on performance due to multiple factors, while maintaining a focus on investment and cash recovery [1] Financial Performance - The company achieved operating revenue of 173.2 billion yuan, a year-on-year decrease of 5% [1] - The net profit attributable to the parent company was 1.93 billion yuan, down 75.3% year-on-year [1] Sales and Contracts - The signed contract amount for the first three quarters was 201.73 billion yuan, a decrease of 16.5% year-on-year [1] - The signed area was 10.104 million square meters, down 25.1% year-on-year [1] - The sales recovery amounted to 194.1 billion yuan, with a recovery rate of 96% [1] Project Development - As of the end of the third quarter, the company had 549 ongoing and planned projects, with a total construction area of 44.83 million square meters and a planned development area of 45.16 million square meters [1] Future Outlook - The company has sufficient resources to be settled, and the impairment provision in Q4 2024 will result in a lower performance base for the year [1] - The company maintains a strong financing advantage, leading sales scale, and is committed to destocking and structural adjustment, with good project realization expected to support continued positive development [1]