Poly Developments and Holdings Group: Net profit of 2020 was about 28.908 billion yuan, an increase of 3.39% YoY

NBD AI Bulletin -- Poly Developments and Holdings Group Co, Ltd (SH 600048, closing price: 15.96 yuan) on January 18 briefed on 2020 annual results, saying that in 2020, the Company recorded operation revenue of 245.262 billion yuan, an increase of 3.93% year over year; the net profit attributable to shareholders stood at 28.908 billion yuan, an increase of 3.39% year on year; the basic earnings per share reached 2.42 yuan, an increase of 3.01% from a year earlier. During the reporting period, the company's business scale expanded, and the rise in revenue and profits mainly results from the fact that the real estate projects the Company sold has been delivered and settled and paid within the year. During the reporting period, the contract sales was 502.848 billion yuan, an increase of 8.88% year over year.

The 2020 semiannual report shows that the main business of Poly Developments and Holdings Group is real estate, accounting for 91.28% of revenue.

Poly Developments and Holdings Group's chairman is Song Guangju, female, 61 years old, Chinese nationality, master's degree, Sun Yat-sen University EMBA, senior engineer. Poly Developments and Holdings Group's general manager is Liu Ping, male, 53 years old, Chinese nationality, Bachelor of Economics, senior auditor.

(By Gao Han)

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