According to news, Poly Real Estate (600048) has just increased the issuance of new stocks and released its half-a-year financial report which showed that by July 31, the company has reserved 10.07 million m2 of land with 2.84 million m2 being built and 1.239 million m2 being sold. It is said that it is the first time that Poly Real Estate’s land reserve exceeds 10 million m2 since it was listed. For Poly Real Estate which relies on “two legs” – money & land, such a large amount of land reserve serves as a strong guarantee for continuing its rapid growth in the coming years.
The above-mentioned financial report indicated that for the first 6 months this year, Poly Real Estate (600048) has 42 projects which are being built or to be built cover an area of 8.25million m2 with a total planned floor area of 13.25 million m2. Among them, there are 1.195 million m2 which just begun being built and 238.500 m2, respectively accounting for 33% and 14% of the yearly plan. In the 6 months, they have sold 940,000 m2 (including 68,000 m2 sold by Beijing Zhengquan) and achieved a sales income of 7.953 billion Yuan (including 0.79 billon Yuan of subscription sold by Beijing Zhengquan) accounting for 79.53% of the yearly plan, respectively 102% & 167% higher than the same period last year. It deserves our attention that in the first half of the year, Poly Real Estate (600048) had an actually settled area of 230,000 m2 with an income of 1.969 billion Yuan, in addition to 1.1295 million m2 which has been sold but has not been carried over with a total amount of 8.122 billion Yuan.
Sources: Securities Daily |
