Poly Developments reports Q3 2025 guarantee activities, net profit plunges 75%

Poly Developments and Holdings Group Co., Ltd. announced that as of September 30, 2025, its external guarantees increased by 410.29 billion yuan in 2025, with total outstanding guarantees reaching 1.13 trillion yuan. The company provided guarantees for its wholly-owned subsidiaries (89.47 billion yuan in Q3 2025, 953.08 billion yuan outstanding), non-wholly-owned subsidiaries (3.23 billion yuan in Q3 2025, 143.66 billion yuan outstanding), and investee companies (0.01 billion yuan in Q3 2025, 35.02 billion yuan outstanding). Guarantees for entities with an asset-liability ratio exceeding 70% were notably high.

The company's third-quarter 2025 financial report shows a consolidated operating income of 173.72 billion yuan, a decrease of 4.95% year-on-year. Net profit attributable to shareholders of the listed company decreased by 75.31% to 192.86 billion yuan. The asset-liability ratio stood at 73.27%, a slight decrease from the previous year.

The real estate market saw a 5.5% decrease in new commercial housing sales area and a 7.9% drop in sales value nationwide during the first three quarters of 2025. Poly Developments' contracted sales volume decreased by 16.53% year-on-year, totaling 201.73 billion yuan, with a 96% cash collection rate.