Poly Developments: november sales drop, new projects, and shareholder transfer

Poly Developments and Holdings Group reported a 66.79% year-on-year decrease in contracted sales area to 458,200 square meters for November 2025, with contracted sales amounting to 18.019 bn yuan, down 24.93% year-on-year. For the first eleven months of 2025, the company's contracted sales area reached 11.6563 million square meters, a 31.84% decrease, and contracted sales totaled 240.866 bn yuan, a 21.80% decrease.

The company acquired two new property projects: a residential plot in Chengdu's Qingyang District with an estimated payment of 110.7 million yuan, and another residential plot in Dalian's Zhongshan District with an estimated payment of 62.982 million yuan.

Additionally, the company announced the completion of a gratuitous transfer of 4,511,874,673 shares (37.69% of total share capital) from its controlling shareholder, Poly Southern Group Co., Ltd., to China Poly Group Corporation. China Poly Group Corporation now directly holds 40.72% of the company's total share capital, while Poly Southern Group no longer holds any shares. This transfer does not change the company's actual controller or impact its operations.