POLY PROPERTY (00119) released its interim results, reporting a loss attributable to shareholders of 740 million yuan, a shift from profit to loss compared to the same period last year.

POLY PROPERTY (00119) announced its interim results for the six months ended June 30, 2026, with the group achieving revenue of 15.089 billion yuan, a year-on-year decrease of 18.19%; the loss attributable to shareholders was 740 million yuan, compared to a profit of 208 million yuan in the same period last year; the loss per share was 19.37 cents. During the period, the property group completed contract sales amounting to 23.2 billion yuan, with a contracted sales area of 799,000 square meters, and an average contract selling price of approximately 29,051 yuan per square meter. The property group added new project planning with a total construction area of 285,000 square meters and a total land cost of about 10.8 billion yuan. As of June 30, 2026, the property group holds a total land reserve of 11.16 million square meters, with an equity land reserve of 8.59 million square meters. The group's debt structure remains robust, and the three red line indicators are maintained in the green zone. Total borrowings decreased by 2.4 billion yuan or 3.4%; the total cash to total assets ratio is 15.5%, indicating sufficient liquidity. The average financing cost decreased by 11 basis points from the end of last year to 2.75%.