Changes in Hong Kong stocks | Poly Real Estate Group (00119) fell more than 4%. The first half results and gross margin were both under pressure, and profit pressure on some historical projects was high

The Zhitong Finance App learned that Poly Real Estate Group (00119) fell by more than 4%. As of press release, it fell 3.68% to HK$1.31, with a turnover of HK$389.04 million.

According to the news, Poly Real Estate Group announced interim results for the six months ended June 30, 2026. The group achieved revenue of 15.089 billion yuan, a year-on-year decrease of 18.19%; losses attributable to company owners were 740 million yuan, compared with profit of 208 million yuan in the same period last year; and a loss of 19.37 points per share.

Bank of China International pointed out that in the first half of 2026, Poly Real Estate Group achieved operating income of 15.09 billion yuan, down 18.2% year on year, mainly due to a decrease in settlement scale. The company's settlement area was 720,000 square meters, down 11.1% year on year, and the average settlement price was 193,000 yuan/square meter, down 9.6% year on year, and settlement amount was 14 billion yuan, down 19.6% year on year. The company's net profit for the first half of 2026 was 740 million yuan, which changed from profit to loss (208 million yuan for the same period in 2025). The loss in performance was mainly due to some historical projects under greater profit pressure. The gross profit margin for the first half of the year was 6.0%, down 11.4 percentage points from the previous year, while the three rates were 11.1%, up 0.4 percentage points from the previous year.