Poly Developments announces valuation enhancement plan

Poly Developments and Holdings Group (SSE:600048) has unveiled a valuation enhancement plan following a 12-month period where its stock price consistently traded below its latest audited net asset value per share. The plan focuses on steady operations, improved efficiency, and high-quality development of its core real estate business. Key strategies include active capital market financing, maintaining consistent and substantial dividends, and opportunistic share repurchases or increases in holdings. In 2023, Poly achieved RMB 422.2 billion in property sales, ranking first in the industry, and in 2024, it expects sales of RMB 323 billion. The company emphasizes a commitment to shareholder returns, including a potential interim dividend in 2025. The plan also outlines strategies for strategic partnerships, optimization of information disclosure, and active investor relations management. The company will also explore measures to improve management efficiency, incentivize employees and management, and pursue mergers and acquisitions to enhance its industry position.