View ValuationPoly Developments and Holdings Group 将来の成長Future 基準チェック /36Poly Developments and Holdings Groupの収益は年間10.3%で減少すると予測されていますが、年間利益は年間57.9%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に1% 60%なると予測されています。主要情報57.9%収益成長率60.01%EPS成長率Real Estate 収益成長41.0%収益成長率-10.3%将来の株主資本利益率1.04%アナリストカバレッジGood最終更新日26 May 2026今後の成長に関する最新情報Price Target Changed • Aug 31Price target decreased by 8.5% to CN¥9.05Down from CN¥9.89, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CN¥7.96. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.42 last year.Price Target Changed • Jul 21Price target decreased by 11% to CN¥8.90Down from CN¥10.03, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥8.05. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.42 last year.Major Estimate Revision • Jun 04Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.61 to CN¥0.467 per share. Revenue forecast steady at CN¥287.9b. Net income forecast to grow 27% next year vs 32% growth forecast for Real Estate industry in China. Consensus price target up from CN¥10.03 to CN¥10.23. Share price was steady at CN¥8.17 over the past week.Major Estimate Revision • May 05Consensus EPS estimates fall by 43%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥279.6b to CN¥285.1b. EPS estimate fell from CN¥0.801 to CN¥0.454 per share. Net income forecast to grow 31% next year vs 29% growth forecast for Real Estate industry in China. Consensus price target broadly unchanged at CN¥10.03. Share price was steady at CN¥8.37 over the past week.Price Target Changed • Oct 09Price target increased by 12% to CN¥10.35Up from CN¥9.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥9.89. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥1.01 last year.Price Target Changed • Aug 21Price target decreased by 7.1% to CN¥10.18Down from CN¥10.95, the current price target is an average from 11 analysts. New target price is 29% above last closing price of CN¥7.87. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥1.01 last year.すべての更新を表示Recent updatesお知らせ • Jun 30Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026お知らせ • Apr 20Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, May 12, 2026Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: No. 832, Yuejiang Middle Road, Haizhu District, Guangzhou, Guangdong ChinaReported Earnings • Apr 19Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.09 (down from CN¥0.42 in FY 2024). Revenue: CN¥308.1b (down 1.1% from FY 2024). Net income: CN¥1.03b (down 79% from FY 2024). Profit margin: 0.3% (down from 1.6% in FY 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 66%. Revenue is forecast to decline by 10% p.a. on average during the next 2 years, while revenues in the Real Estate industry in China are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Mar 30Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026Board Change • Dec 12Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Zheng Zhang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 22Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: CN¥0.062 loss per share (down from CN¥0.034 profit in 3Q 2024). Revenue: CN¥56.9b (up 31% from 3Q 2024). Net loss: CN¥782.2m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Poly Developments and Holdings Group Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025Price Target Changed • Aug 31Price target decreased by 8.5% to CN¥9.05Down from CN¥9.89, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CN¥7.96. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.42 last year.Reported Earnings • Aug 27Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CN¥0.067 (down from CN¥0.42 in 2Q 2024). Revenue: CN¥62.6b (down 30% from 2Q 2024). Net income: CN¥760.0m (down 85% from 2Q 2024). Profit margin: 1.2% (down from 5.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.Price Target Changed • Jul 21Price target decreased by 11% to CN¥8.90Down from CN¥10.03, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥8.05. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.42 last year.お知らせ • Jun 30Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025Major Estimate Revision • Jun 04Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.61 to CN¥0.467 per share. Revenue forecast steady at CN¥287.9b. Net income forecast to grow 27% next year vs 32% growth forecast for Real Estate industry in China. Consensus price target up from CN¥10.03 to CN¥10.23. Share price was steady at CN¥8.17 over the past week.お知らせ • May 19Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, Jun 09, 2025Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, Jun 09, 2025, at 14:30 China Standard Time. Location: No. 832, Yuejiang Middle Road, Haizhu District, Guangzhou, Guangdong ChinaMajor Estimate Revision • May 05Consensus EPS estimates fall by 43%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥279.6b to CN¥285.1b. EPS estimate fell from CN¥0.801 to CN¥0.454 per share. Net income forecast to grow 31% next year vs 29% growth forecast for Real Estate industry in China. Consensus price target broadly unchanged at CN¥10.03. Share price was steady at CN¥8.37 over the past week.New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin).Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.089 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.089 in 3Q 2023). Revenue: CN¥43.5b (down 22% from 3Q 2023). Net income: CN¥392.7m (down 63% from 3Q 2023). Profit margin: 0.9% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 8.3% p.a. on average during the next 4 years compared to a 1.1% decline forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.お知らせ • Mar 28Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.089 in 3Q 2023). Revenue: CN¥43.5b (down 22% from 3Q 2023). Net income: CN¥392.7m (down 63% from 3Q 2023). Profit margin: 0.9% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.39, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.95 per share.Price Target Changed • Oct 09Price target increased by 12% to CN¥10.35Up from CN¥9.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥9.89. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥1.01 last year.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).お知らせ • Sep 30Poly Developments and Holdings Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥9.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Real Estate industry in China. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.95 per share.Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: CN¥0.42 (down from CN¥0.78 in 2Q 2023). Revenue: CN¥89.5b (down 7.8% from 2Q 2023). Net income: CN¥5.20b (down 45% from 2Q 2023). Profit margin: 5.8% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Price Target Changed • Aug 21Price target decreased by 7.1% to CN¥10.18Down from CN¥10.95, the current price target is an average from 11 analysts. New target price is 29% above last closing price of CN¥7.87. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥1.01 last year.Price Target Changed • Jul 09Price target decreased by 7.6% to CN¥11.09Down from CN¥12.00, the current price target is an average from 11 analysts. New target price is 30% above last closing price of CN¥8.56. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥1.01 last year.お知らせ • Jun 28Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Real Estate industry in China. Total loss to shareholders of 3.8% over the past three years.Reported Earnings • Apr 24Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥1.01 (down from CN¥1.53 in FY 2022). Revenue: CN¥346.9b (up 23% from FY 2022). Net income: CN¥12.1b (down 34% from FY 2022). Profit margin: 3.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year.お知らせ • Mar 29Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Price Target Changed • Jan 22Price target decreased by 11% to CN¥14.27Down from CN¥16.10, the current price target is an average from 12 analysts. New target price is 64% above last closing price of CN¥8.72. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥1.01 last year.Buy Or Sell Opportunity • Jan 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to CN¥8.72. The fair value is estimated to be CN¥10.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to decline by 2.6% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.Reported Earnings • Jan 20Full year 2023 earnings released: EPS: CN¥1.01 (vs CN¥1.53 in FY 2022)Full year 2023 results: EPS: CN¥1.01 (down from CN¥1.53 in FY 2022). Revenue: CN¥347.1b (up 24% from FY 2022). Net income: CN¥12.0b (down 34% from FY 2022). Profit margin: 3.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.6% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.お知らせ • Dec 30Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024Price Target Changed • Dec 27Price target decreased by 7.5% to CN¥16.64Down from CN¥17.99, the current price target is an average from 12 analysts. New target price is 75% above last closing price of CN¥9.49. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.64 for next year compared to CN¥1.53 last year.お知らせ • Dec 13Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) announces an Equity Buyback for CNY 2,000 million worth of its shares.Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 15.19 per share. The purpose of the program is to maintain the Company’s value and shareholders rights. The program will be valid till 3 months.Reported Earnings • Oct 31Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: CN¥0.089 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥55.5b (up 22% from 3Q 2022). Net income: CN¥1.07b (down 53% from 3Q 2022). Profit margin: 1.9% (down from 5.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Aug 31Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: CN¥0.78 (up from CN¥0.69 in 2Q 2022). Revenue: CN¥97.1b (up 26% from 2Q 2022). Net income: CN¥9.50b (up 14% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 08Second quarter 2023 earnings released: EPS: CN¥0.76 (vs CN¥0.69 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.76 (up from CN¥0.69 in 2Q 2022). Revenue: CN¥98.4b (up 28% from 2Q 2022). Net income: CN¥9.28b (up 12% from 2Q 2022). Profit margin: 9.4% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year.お知らせ • Jun 28Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023Reported Earnings • Apr 27First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.21 in 1Q 2022). Revenue: CN¥40.0b (up 19% from 1Q 2022). Net income: CN¥2.72b (up 7.5% from 1Q 2022). Profit margin: 6.8% (down from 7.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year.Major Estimate Revision • Apr 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥314.7b to CN¥303.8b. EPS estimate also fell from CN¥2.18 per share to CN¥1.92 per share. Net income forecast to grow 23% next year vs 27% growth forecast for Real Estate industry in China. Consensus price target down from CN¥20.10 to CN¥19.69. Share price rose 6.9% to CN¥15.11 over the past week.Reported Earnings • Jan 08Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.53 (down from CN¥2.29 in FY 2021). Revenue: CN¥281.1b (down 1.3% from FY 2021). Net income: CN¥18.3b (down 33% from FY 2021). Profit margin: 6.5% (down from 9.6% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 91%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Dec 31Poly Developments and Holdings Group Co., Ltd. announced that it expects to receive CNY 12.5 billion in fundingPoly Developments and Holdings Group Co., Ltd. announced a private placement of common shares for gross proceeds of up to CNY 12,500,000,000 on December 30, 2022.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Li Fei was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥45.7b (down 5.7% from 3Q 2021). Net income: CN¥2.27b (down 31% from 3Q 2021). Profit margin: 5.0% (down from 6.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 63%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Aug 31Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: CN¥0.70 (up from CN¥0.65 in 2Q 2021). Revenue: CN¥77.3b (up 19% from 2Q 2021). Net income: CN¥8.19b (up 5.0% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 22% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Jul 17Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.65 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (up from CN¥0.65 in 2Q 2021). Revenue: CN¥77.3b (up 19% from 2Q 2021). Net income: CN¥8.19b (up 5.0% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.0%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.21 (vs CN¥0.21 in 1Q 2021). Revenue: CN¥33.6b (up 34% from 1Q 2021). Net income: CN¥2.53b (up 1.2% from 1Q 2021). Profit margin: 7.5% (down from 10.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 11%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.Price Target Changed • Apr 27Price target increased to CN¥21.02Up from CN¥19.61, the current price target is an average from 17 analysts. New target price is 25% above last closing price of CN¥16.78. Stock is up 19% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.29 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Li Fei was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 19Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.29 (down from CN¥2.42 in FY 2020). Revenue: CN¥285.0b (up 17% from FY 2020). Net income: CN¥27.4b (down 5.4% from FY 2020). Profit margin: 9.6% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥17.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in China. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.04 per share.Buying Opportunity • Mar 15Now 27% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be CN¥20.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.Buying Opportunity • Feb 24Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be CN¥20.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.Price Target Changed • Feb 09Price target increased to CN¥19.46Up from CN¥18.08, the current price target is an average from 16 analysts. New target price is 25% above last closing price of CN¥15.59. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.30 last year.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Real Estate industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.88 per share.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥13.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.33 per share.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.65 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: CN¥64.9b (up 30% from 2Q 2020). Net income: CN¥7.80b (flat on 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥11.62, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Real Estate industry in China. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.43 per share.Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.65 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: CN¥65.0b (up 31% from 2Q 2020). Net income: CN¥7.80b (flat on 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 20Full year 2020 earnings released: EPS CN¥2.42 (vs CN¥2.35 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥243.2b (up 3.1% from FY 2019). Net income: CN¥28.9b (up 3.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Major Estimate Revision • Jan 25Analysts lower revenue estimates to CN¥298.0bThe 2021 consensus revenue estimate decreased from CN¥340.5b. Earning per share (EPS) estimate was also lowered from CN¥3.14 to CN¥2.78 for the same period. Net income is expected to grow by 16% next year compared to 34% growth forecast for the Real Estate industry in China. The consensus price target was lowered from CN¥20.41 to CN¥20.32. Share price is down by 8.3% to CN¥14.63 over the past week.Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings miss expectationsRevenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 22%, compared to a 34% growth forecast for the Real Estate industry in China.Is New 90 Day High Low • Jan 22New 90-day low: CN¥14.83The company is down 10.0% from its price of CN¥16.40 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.71 per share.Reported Earnings • Jan 20Full year 2020 earnings released: EPS CN¥2.42The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥245.3b (up 3.9% from FY 2019). Net income: CN¥28.9b (up 3.4% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 04New 90-day low: CN¥15.29The company is down 4.0% from its price of CN¥15.89 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.76 per share.Is New 90 Day High Low • Nov 28New 90-day high: CN¥17.40The company is up 6.0% from its price of CN¥16.47 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.00 per share.Is New 90 Day High Low • Oct 30New 90-day low: CN¥15.36The company is down 2.0% from its price of CN¥15.60 on 31 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.18 per share.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 24% at CN¥43.7b. Earnings per share (EPS) also missed analyst estimates by 53% at CN¥0.26. Revenue is forecast to grow 35% over the next year, compared to a 36% growth forecast for the Real Estate industry in China.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥28.3b, up 27% from the prior year. Total revenue was CN¥241.6b over the last 12 months, up 14% from the prior year.お知らせ • Oct 18Poly Developments and Holdings, as Landlord Enters into the Property Leasing Agreement with Poly Business Commercial Property, as LesseeOn 16 October 2020, Poly Business Commercial Property, a wholly-owned subsidiary of the Company, as lessee, entered into the Property Leasing Agreement with Poly Developments and Holdings, as landlord, for a lease term from 16 October 2020 to 31 December 2021. Lease term is From 16 October 2020 to 31 December 2021. Subject matter: Poly Developments and Holdings agreed to lease the Subject Properties it owned to Poly Business Commercial Property for business management on an as-is basis. Rental expense: The rent payable under the Property Leasing Agreement will be paid in the form of "guaranteed rent + shared rent". Poly Business Commercial Property is required to pay the guaranteed rent in full during the lease term as follows: From 16 October 2020 to 31 December 2020: approximately RMB 36.56 million. From 1 January 2021 to 31 December 2021: approximately RMB 184.50 million. The excess of the actual operating income from the Subject Properties over the amount of guaranteed rent during the lease term will be shared between both parties at ratios of 50% and 50%. The amount of the guaranteed rent and the sharing ratio under the Property Leasing Agreement have been arrived after arm's length negotiations between the parties and have been determined with reference to, among other things, factors such as the actual rental income in the past and the terms of existing leasing contracts. The rent under the Property Leasing Agreement is expected to be financed by internal resources in the ordinary and usual course of business of the Group. Payment arrangement: Poly Business Commercial Property shall pay the rent to Poly Developments and Holdings on a monthly basis by the 25th day of each month, calculated 90% of the guaranteed rent for each calendar year during the lease term. The actual rent is settled on a calendar year basis. Poly Business Commercial Property shall complete the audit by 25 December of each year, and both parties will settle the actual amount upon confirmation by Poly Developments and Holdings. Terms relating to: As Poly Developments and Holdings and its associates subleasing to have reserved certain properties in the Subject Properties connected persons and will rent properties in the Subject Properties for their own use, Poly Business Commercial Property will become the lessor of such reserved and newly rented properties upon signing the Property Leasing Agreement. The Subleasing Transactions between Poly Business Commercial Property and Poly Developments and Holdings and its associates will constitute connected transactions. According to the Property Leasing Agreement, the pricing principles for the Subleasing Transactions between Poly Business Commercial Property and Poly Developments and Holdings and its associates are: (i) For the existing leasing contracts, the existing rent shall be kept for the remaining lease term without modification. (ii) For the new leasing contracts, the amount of rent shall be in line with the market pricing principle with reference to factors such as the market rents of relevant properties and the market rents of comparable properties, in an amount of no less than the price at which Poly Business Commercial Property leases comparable properties to independent third parties. The contracts shall be carried out on normal commercial terms. The aggregate amount of subleasing income from subleasing to connected persons during the lease term is estimated not to exceed RMB 83 million.お知らせ • Jul 09Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020業績と収益の成長予測SHSE:600048 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028227,9612,44328,69326,238912/31/2027230,5812,03325,79926,1281112/31/2026253,9401,59144,33761,856123/31/2026299,603-18221,69322,204N/A12/31/2025308,1441,03514,70215,189N/A9/30/2025302,614-70132,08529,217N/A6/30/2025289,27447439,20439,423N/A3/31/2025316,1904,91041,96141,222N/A12/31/2024311,6665,0016,0786,257N/A9/30/2024337,1096,587-12,104-8,876N/A6/30/2024349,1127,265-10,528-10,364N/A3/31/2024356,64611,570-6,308-5,213N/A12/31/2023346,87212,06713,75113,930N/A9/30/2023317,19618,49444,40344,103N/A6/30/2023307,33219,69336,85737,028N/A3/31/2023287,49318,51032,96533,147N/A12/31/2022281,06318,3207,2367,422N/A9/30/2022302,94226,922-1,270-554N/A6/30/2022305,75627,93812,64412,901N/A3/31/2022293,42827,417449714N/A12/31/2021284,95227,38810,28010,551N/A9/30/2021264,13329,33114,15814,562N/A6/30/2021259,41329,12515,19315,590N/A3/31/2021244,40729,07114,81715,207N/A12/31/2020243,16328,95014,75815,156N/A9/30/2020241,58928,32911,53011,776N/A6/30/2020238,50528,127-2,591-2,316N/A3/31/2020237,19128,0187,9788,258N/A12/31/2019235,94427,959N/A39,155N/A9/30/2019211,38822,166N/A31,875N/A6/30/2019206,12222,364N/A37,734N/A3/31/2019196,96219,330N/A38,808N/A12/31/2018194,51818,904N/A11,893N/A9/30/2018166,01816,935N/A-9,177N/A6/30/2018151,69216,478N/A-29,267N/A3/31/2018148,86015,636N/A-41,629N/A1/1/2018146,62915,634N/A-29,261N/A9/30/2017143,15113,581N/A-37,439N/A6/30/2017154,06413,112N/A4,419N/A3/31/2017153,78212,950N/A17,820N/A12/31/2016154,75212,422N/A34,054N/A9/30/2016147,17012,988N/A38,740N/A6/30/2016136,23012,358N/A27,964N/A3/31/2016128,99612,418N/A26,652N/A12/31/2015123,42912,348N/A17,785N/A9/30/2015120,24212,591N/A27,350N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 600048は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.4% ) よりも高い成長率であると考えられます。収益対市場: 600048今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 600048今後 3 年以内に収益を上げることが予想されます。収益対市場: 600048の収益は今後 3 年間で減少すると予想されています (年間-10.3% )。高い収益成長: 600048の収益は今後 3 年間で減少すると予測されています (年間-10.3% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 600048の 自己資本利益率 は、3年後には低くなると予測されています ( 1 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/06 16:01終値2026/07/06 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Poly Developments and Holdings Group Co., Ltd. 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。25 アナリスト機関Eric DuBofA Global ResearchWai Mo ChengCGS InternationalXiao Yu HuChina Galaxy Securities Co., Ltd.22 その他のアナリストを表示
Price Target Changed • Aug 31Price target decreased by 8.5% to CN¥9.05Down from CN¥9.89, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CN¥7.96. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.42 last year.
Price Target Changed • Jul 21Price target decreased by 11% to CN¥8.90Down from CN¥10.03, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥8.05. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.42 last year.
Major Estimate Revision • Jun 04Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.61 to CN¥0.467 per share. Revenue forecast steady at CN¥287.9b. Net income forecast to grow 27% next year vs 32% growth forecast for Real Estate industry in China. Consensus price target up from CN¥10.03 to CN¥10.23. Share price was steady at CN¥8.17 over the past week.
Major Estimate Revision • May 05Consensus EPS estimates fall by 43%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥279.6b to CN¥285.1b. EPS estimate fell from CN¥0.801 to CN¥0.454 per share. Net income forecast to grow 31% next year vs 29% growth forecast for Real Estate industry in China. Consensus price target broadly unchanged at CN¥10.03. Share price was steady at CN¥8.37 over the past week.
Price Target Changed • Oct 09Price target increased by 12% to CN¥10.35Up from CN¥9.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥9.89. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥1.01 last year.
Price Target Changed • Aug 21Price target decreased by 7.1% to CN¥10.18Down from CN¥10.95, the current price target is an average from 11 analysts. New target price is 29% above last closing price of CN¥7.87. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥1.01 last year.
お知らせ • Jun 30Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026
お知らせ • Apr 20Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, May 12, 2026Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: No. 832, Yuejiang Middle Road, Haizhu District, Guangzhou, Guangdong China
Reported Earnings • Apr 19Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.09 (down from CN¥0.42 in FY 2024). Revenue: CN¥308.1b (down 1.1% from FY 2024). Net income: CN¥1.03b (down 79% from FY 2024). Profit margin: 0.3% (down from 1.6% in FY 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 66%. Revenue is forecast to decline by 10% p.a. on average during the next 2 years, while revenues in the Real Estate industry in China are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 30Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026
Board Change • Dec 12Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Zheng Zhang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 22Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: CN¥0.062 loss per share (down from CN¥0.034 profit in 3Q 2024). Revenue: CN¥56.9b (up 31% from 3Q 2024). Net loss: CN¥782.2m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Poly Developments and Holdings Group Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025
Price Target Changed • Aug 31Price target decreased by 8.5% to CN¥9.05Down from CN¥9.89, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CN¥7.96. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.42 last year.
Reported Earnings • Aug 27Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CN¥0.067 (down from CN¥0.42 in 2Q 2024). Revenue: CN¥62.6b (down 30% from 2Q 2024). Net income: CN¥760.0m (down 85% from 2Q 2024). Profit margin: 1.2% (down from 5.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
Price Target Changed • Jul 21Price target decreased by 11% to CN¥8.90Down from CN¥10.03, the current price target is an average from 7 analysts. New target price is 11% above last closing price of CN¥8.05. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.42 last year.
お知らせ • Jun 30Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025
Major Estimate Revision • Jun 04Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.61 to CN¥0.467 per share. Revenue forecast steady at CN¥287.9b. Net income forecast to grow 27% next year vs 32% growth forecast for Real Estate industry in China. Consensus price target up from CN¥10.03 to CN¥10.23. Share price was steady at CN¥8.17 over the past week.
お知らせ • May 19Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, Jun 09, 2025Poly Developments and Holdings Group Co., Ltd., Annual General Meeting, Jun 09, 2025, at 14:30 China Standard Time. Location: No. 832, Yuejiang Middle Road, Haizhu District, Guangzhou, Guangdong China
Major Estimate Revision • May 05Consensus EPS estimates fall by 43%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥279.6b to CN¥285.1b. EPS estimate fell from CN¥0.801 to CN¥0.454 per share. Net income forecast to grow 31% next year vs 29% growth forecast for Real Estate industry in China. Consensus price target broadly unchanged at CN¥10.03. Share price was steady at CN¥8.37 over the past week.
New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Reported Earnings • Apr 30Third quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.089 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.089 in 3Q 2023). Revenue: CN¥43.5b (down 22% from 3Q 2023). Net income: CN¥392.7m (down 63% from 3Q 2023). Profit margin: 0.9% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 8.3% p.a. on average during the next 4 years compared to a 1.1% decline forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 28Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.089 in 3Q 2023). Revenue: CN¥43.5b (down 22% from 3Q 2023). Net income: CN¥392.7m (down 63% from 3Q 2023). Profit margin: 0.9% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.39, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.95 per share.
Price Target Changed • Oct 09Price target increased by 12% to CN¥10.35Up from CN¥9.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥9.89. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥1.01 last year.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).
お知らせ • Sep 30Poly Developments and Holdings Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥9.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Real Estate industry in China. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.95 per share.
Reported Earnings • Aug 22Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: CN¥0.42 (down from CN¥0.78 in 2Q 2023). Revenue: CN¥89.5b (down 7.8% from 2Q 2023). Net income: CN¥5.20b (down 45% from 2Q 2023). Profit margin: 5.8% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Price Target Changed • Aug 21Price target decreased by 7.1% to CN¥10.18Down from CN¥10.95, the current price target is an average from 11 analysts. New target price is 29% above last closing price of CN¥7.87. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥1.01 last year.
Price Target Changed • Jul 09Price target decreased by 7.6% to CN¥11.09Down from CN¥12.00, the current price target is an average from 11 analysts. New target price is 30% above last closing price of CN¥8.56. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥1.01 last year.
お知らせ • Jun 28Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Real Estate industry in China. Total loss to shareholders of 3.8% over the past three years.
Reported Earnings • Apr 24Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥1.01 (down from CN¥1.53 in FY 2022). Revenue: CN¥346.9b (up 23% from FY 2022). Net income: CN¥12.1b (down 34% from FY 2022). Profit margin: 3.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year.
お知らせ • Mar 29Poly Developments and Holdings Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Price Target Changed • Jan 22Price target decreased by 11% to CN¥14.27Down from CN¥16.10, the current price target is an average from 12 analysts. New target price is 64% above last closing price of CN¥8.72. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥1.01 last year.
Buy Or Sell Opportunity • Jan 22Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to CN¥8.72. The fair value is estimated to be CN¥10.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to decline by 2.6% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.
Reported Earnings • Jan 20Full year 2023 earnings released: EPS: CN¥1.01 (vs CN¥1.53 in FY 2022)Full year 2023 results: EPS: CN¥1.01 (down from CN¥1.53 in FY 2022). Revenue: CN¥347.1b (up 24% from FY 2022). Net income: CN¥12.0b (down 34% from FY 2022). Profit margin: 3.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.6% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 30Poly Developments and Holdings Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Poly Developments and Holdings Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024
Price Target Changed • Dec 27Price target decreased by 7.5% to CN¥16.64Down from CN¥17.99, the current price target is an average from 12 analysts. New target price is 75% above last closing price of CN¥9.49. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.64 for next year compared to CN¥1.53 last year.
お知らせ • Dec 13Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) announces an Equity Buyback for CNY 2,000 million worth of its shares.Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 15.19 per share. The purpose of the program is to maintain the Company’s value and shareholders rights. The program will be valid till 3 months.
Reported Earnings • Oct 31Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: CN¥0.089 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥55.5b (up 22% from 3Q 2022). Net income: CN¥1.07b (down 53% from 3Q 2022). Profit margin: 1.9% (down from 5.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Aug 31Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: CN¥0.78 (up from CN¥0.69 in 2Q 2022). Revenue: CN¥97.1b (up 26% from 2Q 2022). Net income: CN¥9.50b (up 14% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 08Second quarter 2023 earnings released: EPS: CN¥0.76 (vs CN¥0.69 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.76 (up from CN¥0.69 in 2Q 2022). Revenue: CN¥98.4b (up 28% from 2Q 2022). Net income: CN¥9.28b (up 12% from 2Q 2022). Profit margin: 9.4% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • Jun 28Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023
Reported Earnings • Apr 27First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.21 in 1Q 2022). Revenue: CN¥40.0b (up 19% from 1Q 2022). Net income: CN¥2.72b (up 7.5% from 1Q 2022). Profit margin: 6.8% (down from 7.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year.
Major Estimate Revision • Apr 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥314.7b to CN¥303.8b. EPS estimate also fell from CN¥2.18 per share to CN¥1.92 per share. Net income forecast to grow 23% next year vs 27% growth forecast for Real Estate industry in China. Consensus price target down from CN¥20.10 to CN¥19.69. Share price rose 6.9% to CN¥15.11 over the past week.
Reported Earnings • Jan 08Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.53 (down from CN¥2.29 in FY 2021). Revenue: CN¥281.1b (down 1.3% from FY 2021). Net income: CN¥18.3b (down 33% from FY 2021). Profit margin: 6.5% (down from 9.6% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 91%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Dec 31Poly Developments and Holdings Group Co., Ltd. announced that it expects to receive CNY 12.5 billion in fundingPoly Developments and Holdings Group Co., Ltd. announced a private placement of common shares for gross proceeds of up to CNY 12,500,000,000 on December 30, 2022.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Li Fei was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥45.7b (down 5.7% from 3Q 2021). Net income: CN¥2.27b (down 31% from 3Q 2021). Profit margin: 5.0% (down from 6.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 63%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Aug 31Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: CN¥0.70 (up from CN¥0.65 in 2Q 2021). Revenue: CN¥77.3b (up 19% from 2Q 2021). Net income: CN¥8.19b (up 5.0% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 22% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Jul 17Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.65 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (up from CN¥0.65 in 2Q 2021). Revenue: CN¥77.3b (up 19% from 2Q 2021). Net income: CN¥8.19b (up 5.0% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.0%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.21 (vs CN¥0.21 in 1Q 2021). Revenue: CN¥33.6b (up 34% from 1Q 2021). Net income: CN¥2.53b (up 1.2% from 1Q 2021). Profit margin: 7.5% (down from 10.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 11%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
Price Target Changed • Apr 27Price target increased to CN¥21.02Up from CN¥19.61, the current price target is an average from 17 analysts. New target price is 25% above last closing price of CN¥16.78. Stock is up 19% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.29 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Li Fei was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 19Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.29 (down from CN¥2.42 in FY 2020). Revenue: CN¥285.0b (up 17% from FY 2020). Net income: CN¥27.4b (down 5.4% from FY 2020). Profit margin: 9.6% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥17.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Real Estate industry in China. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.04 per share.
Buying Opportunity • Mar 15Now 27% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be CN¥20.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.
Buying Opportunity • Feb 24Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be CN¥20.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.
Price Target Changed • Feb 09Price target increased to CN¥19.46Up from CN¥18.08, the current price target is an average from 16 analysts. New target price is 25% above last closing price of CN¥15.59. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.30 last year.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Real Estate industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.88 per share.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥13.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.33 per share.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.65 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: CN¥64.9b (up 30% from 2Q 2020). Net income: CN¥7.80b (flat on 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥11.62, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Real Estate industry in China. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.43 per share.
Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.65 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: CN¥65.0b (up 31% from 2Q 2020). Net income: CN¥7.80b (flat on 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 20Full year 2020 earnings released: EPS CN¥2.42 (vs CN¥2.35 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥243.2b (up 3.1% from FY 2019). Net income: CN¥28.9b (up 3.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Major Estimate Revision • Jan 25Analysts lower revenue estimates to CN¥298.0bThe 2021 consensus revenue estimate decreased from CN¥340.5b. Earning per share (EPS) estimate was also lowered from CN¥3.14 to CN¥2.78 for the same period. Net income is expected to grow by 16% next year compared to 34% growth forecast for the Real Estate industry in China. The consensus price target was lowered from CN¥20.41 to CN¥20.32. Share price is down by 8.3% to CN¥14.63 over the past week.
Analyst Estimate Surprise Post Earnings • Jan 23Revenue and earnings miss expectationsRevenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 22%, compared to a 34% growth forecast for the Real Estate industry in China.
Is New 90 Day High Low • Jan 22New 90-day low: CN¥14.83The company is down 10.0% from its price of CN¥16.40 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.71 per share.
Reported Earnings • Jan 20Full year 2020 earnings released: EPS CN¥2.42The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥245.3b (up 3.9% from FY 2019). Net income: CN¥28.9b (up 3.4% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 04New 90-day low: CN¥15.29The company is down 4.0% from its price of CN¥15.89 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.76 per share.
Is New 90 Day High Low • Nov 28New 90-day high: CN¥17.40The company is up 6.0% from its price of CN¥16.47 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.00 per share.
Is New 90 Day High Low • Oct 30New 90-day low: CN¥15.36The company is down 2.0% from its price of CN¥15.60 on 31 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.18 per share.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 24% at CN¥43.7b. Earnings per share (EPS) also missed analyst estimates by 53% at CN¥0.26. Revenue is forecast to grow 35% over the next year, compared to a 36% growth forecast for the Real Estate industry in China.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥28.3b, up 27% from the prior year. Total revenue was CN¥241.6b over the last 12 months, up 14% from the prior year.
お知らせ • Oct 18Poly Developments and Holdings, as Landlord Enters into the Property Leasing Agreement with Poly Business Commercial Property, as LesseeOn 16 October 2020, Poly Business Commercial Property, a wholly-owned subsidiary of the Company, as lessee, entered into the Property Leasing Agreement with Poly Developments and Holdings, as landlord, for a lease term from 16 October 2020 to 31 December 2021. Lease term is From 16 October 2020 to 31 December 2021. Subject matter: Poly Developments and Holdings agreed to lease the Subject Properties it owned to Poly Business Commercial Property for business management on an as-is basis. Rental expense: The rent payable under the Property Leasing Agreement will be paid in the form of "guaranteed rent + shared rent". Poly Business Commercial Property is required to pay the guaranteed rent in full during the lease term as follows: From 16 October 2020 to 31 December 2020: approximately RMB 36.56 million. From 1 January 2021 to 31 December 2021: approximately RMB 184.50 million. The excess of the actual operating income from the Subject Properties over the amount of guaranteed rent during the lease term will be shared between both parties at ratios of 50% and 50%. The amount of the guaranteed rent and the sharing ratio under the Property Leasing Agreement have been arrived after arm's length negotiations between the parties and have been determined with reference to, among other things, factors such as the actual rental income in the past and the terms of existing leasing contracts. The rent under the Property Leasing Agreement is expected to be financed by internal resources in the ordinary and usual course of business of the Group. Payment arrangement: Poly Business Commercial Property shall pay the rent to Poly Developments and Holdings on a monthly basis by the 25th day of each month, calculated 90% of the guaranteed rent for each calendar year during the lease term. The actual rent is settled on a calendar year basis. Poly Business Commercial Property shall complete the audit by 25 December of each year, and both parties will settle the actual amount upon confirmation by Poly Developments and Holdings. Terms relating to: As Poly Developments and Holdings and its associates subleasing to have reserved certain properties in the Subject Properties connected persons and will rent properties in the Subject Properties for their own use, Poly Business Commercial Property will become the lessor of such reserved and newly rented properties upon signing the Property Leasing Agreement. The Subleasing Transactions between Poly Business Commercial Property and Poly Developments and Holdings and its associates will constitute connected transactions. According to the Property Leasing Agreement, the pricing principles for the Subleasing Transactions between Poly Business Commercial Property and Poly Developments and Holdings and its associates are: (i) For the existing leasing contracts, the existing rent shall be kept for the remaining lease term without modification. (ii) For the new leasing contracts, the amount of rent shall be in line with the market pricing principle with reference to factors such as the market rents of relevant properties and the market rents of comparable properties, in an amount of no less than the price at which Poly Business Commercial Property leases comparable properties to independent third parties. The contracts shall be carried out on normal commercial terms. The aggregate amount of subleasing income from subleasing to connected persons during the lease term is estimated not to exceed RMB 83 million.
お知らせ • Jul 09Poly Developments and Holdings Group Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Poly Developments and Holdings Group Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020