Poly Real Estate: profit attributable to shareholders in 2020 is HK $1.88 billion, down 50.9% year on year



Beijing Business News (reporter Lu yangronglei) at noon on March 26, Poly Real Estate disclosed its 2020 annual performance report. According to the data, in 2020, the group achieved a revenue of HK $31.281 billion, a decrease of 21.7% compared with the same period last year, and the profit attributable to shareholders during the period was HK $1.880 billion, a decrease of 50.9% compared with the same period last year, mainly due to the decrease of carry forward income.

In terms of sales, in 2020, the contracted sales amount of Poly Real estate reached 52.1 billion yuan, a year-on-year increase of 21%, successfully reaching the annual sales target; the average contract sales price was about 18411 yuan per square meter, a year-on-year increase of 1%.

In terms of soil storage, in 2020, the group will acquire 20 projects and enter Hangzhou and Kunshan for the first time. Among them, nearly half of the projects are obtained through the modes of urban renewal, primary and secondary linkage, agreement transfer and cooperative development. The expansion mode is more diversified, and the land price is controlled at a reasonable level.

By the end of 2020, the proportion of equity land reserves held by the group in the first and second tier cities has further increased to 80%; the total construction area of equity land reserves in the Yangtze River Delta and Dawan district has increased by 10% year on year.

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