Poly Developments forecasts 63% profit decline for H1

Poly Developments and Holdings Group Co announced a projected 63.15% decrease in net profit attributable to shareholders for the first half of 2025, reaching 273.45m yuan, down from 741.99m yuan in the same period of 2024.

The decline is primarily attributed to a reduction in real estate project settlements and lower profitability due to industry and market volatility.

Despite the profit decline, China Chengxin International Credit Rating Co maintained its AAA credit rating for Poly Developments and its convertible bonds.