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Sales ranking & market share销售排名与市场份额
5 · 2024-01-02 → 2026-04-17
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Poly Development maintains industry No.1 sales position with market share growth.保利发展保持行业销售第一，市场份额持续提升。
2024-01-02Poly Development ranked first in 2023 China real estate sales with annual sales of RMB 420.7 billion, according to China Index Academy.根据中指研究院，保利发展以年销售额4207亿元位列2023年中国房地产企业销售额排名第一。
2024-05-09Poly Developments ranked first in the industry with cumulative contracted sales of 96.0 billion yuan in Jan-Apr 2024, ahead of China Overseas Land (82.0 billion) and Vanke (77.98 billion).保利发展2024年1-4月累计签约销售额960亿元，位居行业第一，领先中海地产（820亿元）和万科（779.8亿元）。
2024-09-13Poly Developments was ranked No.1 in 'China Real Estate Industry Leading Brand Company' for the 15th consecutive year at the 2024 China Real Estate Brand Value Research Conference.保利发展在2024中国房地产品牌价值研究成果发布会上连续第十五年荣获“中国房地产行业领导公司品牌”TOP1。
2025-04-28Poly Developments released its 2024 annual report: revenue RMB 311.666 billion (-10.14% YoY), net profit attributable to shareholders RMB 5.001 billion (-58.56% YoY), contracted sales RMB 323.029 billion (-23.5%), ranked first in the industry for the second consecutive year.保利发展发布2024年年报：营业收入3116.66亿元（同比-10.14%），归母净利润50.01亿元（同比-58.56%），签约金额3230.29亿元（同比-23.5%），连续两年行业第一。
2026-04-17Poly Development's 2025 annual report shows contracted sales 253 billion yuan, ranking first in the industry for the third consecutive year; sales equity ratio 79% (+3ppt YoY); core city sales contribution 92%; cash collection rate exceeded 100% for third straight year.保利发展2025年年报显示签约金额2530亿元，连续三年行业第一；销售权益比79%（同比+3个百分点）；核心城市销售贡献92%；销售回笼率连续三年超100%。
Delivery & construction results交付与建设成果
3 · 2024-01-02 → 2025-08-28
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Annual delivery units, area, new starts, and completions data.年度交付套数、面积、新开工及竣工数据。
2024-01-02Poly Development completed delivery of 291,000 units with total delivered area of 33.446 million sqm in 2023.2023年，保利发展全年完成交付29.1万套，交付面积3344.6万平方米。
2024-04-22Poly Development's 2023 annual report: delivered 291,000 units (+12% YoY); new starts 14.91 million sqm (-37% YoY); completions 40.53 million sqm (+2% YoY).保利发展2023年年报：交付29.1万套（同比+12%）；新开工面积1491万平方米（同比-37%）；竣工面积4053万平方米（同比+2%）。
2025-08-28Poly Development Hubei company launched 'white glove + film' delivery system for the first time in Hubei at Wuhan Poly Tianjun project, setting a new quality standard for handover inspection.保利发展湖北公司在武汉保利天珺项目首次推出'白手套+贴膜'双体系交付，为湖北业内首例，提升交付品质标准。
Monthly & annual sales results月度与年度销售业绩
29 · 2024-01-05 → 2026-06-11
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Monthly and annual contracted sales and area figures with YoY comparisons.月度及年度签约销售金额与面积的同比变化。
2024-01-05December 2023 sales: contracted area 1.2853 million sqm (-62.18% YoY), contracted amount RMB 22.733 billion (-60.24% YoY). Full-year 2023: contracted area 23.8612 million sqm (-13.17% YoY), contracted amount RMB 422.237 billion (-7.67% YoY).2023年12月签约面积128.53万平方米（同比-62.18%），签约金额227.33亿元（同比-60.24%）；全年签约面积2386.12万平方米（同比-13.17%），签约金额4222.37亿元（同比-7.67%）。
2024-02-05Poly Developments reported January 2024 sales: contracted area 1.188 million sqm (-35.41% YoY); contracted amount 20.323 billion yuan (-31.21% YoY).保利发展2024年1月销售简报：签约面积118.8万平方米（同比-35.41%）；签约金额203.23亿元（同比-31.21%）。
2024-03-05Poly Development reported Feb 2024 contracted sales: area 947,700 sqm (down 53.41% YoY), amount 15.624 billion yuan (down 54.43% YoY); Jan-Feb cumulative area 2.1357 million sqm (down 44.86%), amount 35.948 billion yuan (down 43.68%).保利发展2024年2月签约面积94.77万平方米（同比减少53.41%），签约金额156.24亿元（同比减少54.43%）；1-2月累计签约面积213.57万平方米（同比减少44.86%），签约金额359.48亿元（同比减少43.68%）。
2024-04-10Poly Development reported March 2024 contracted sales: area 1.533 million sqm (-37.04% YoY), amount CNY 27.036 billion (-46.25% YoY); Q1 cumulative area 3.6687 million sqm (-41.84% YoY), amount CNY 62.984 billion (-44.81% YoY).保利发展2024年3月签约面积153.30万平方米（同比-37.04%），签约金额270.36亿元（同比-46.25%）；一季度累计签约面积366.87万平方米（同比-41.84%），签约金额629.84亿元（同比-44.81%）。
2024-05-09Poly Developments reported April 2024 contracted sales: area 1.8665 million sqm (-27.33% YoY), amount 33.024 billion yuan (-20.80% YoY); Jan-Apr cumulative area 5.5353 million sqm (-37.64% YoY), amount 96.008 billion yuan (-38.39% YoY).保利发展公布2024年4月签约销售：面积186.65万平方米（同比-27.33%），金额330.24亿元（同比-20.80%）；1-4月累计面积553.53万平方米（同比-37.64%），金额960.08亿元（同比-38.39%）。
2024-06-06Poly Developments reported May 2024 contracted sales of 35.314 billion yuan, down 13.53% YoY; Jan-May cumulative contracted sales of 131.322 billion yuan, down 33.23% YoY.保利发展2024年5月签约金额353.14亿元，同比减少13.53%；1-5月累计签约金额1313.22亿元，同比减少33.23%。
2024-07-09Poly Developments announced June 2024 sales: contracted area 2.0642 million sqm (-11.31% YoY), contracted amount RMB 42.014 billion (+4.62% YoY); H1 cumulative contracted area 9.5425 million sqm (-31.01% YoY), amount RMB 173.336 billion (-26.81% YoY). Monthly sales growth turned positive for the first time since March.保利发展公告2024年6月销售：签约面积206.42万平方米（同比-11.31%），签约金额420.14亿元（同比+4.62%）；上半年累计签约面积954.25万平方米（同比-31.01%），金额1733.36亿元（同比-26.81%）。单月同比增幅自3月以来首次转正。
2024-08-07Poly Developments reported July 2024 sales: contracted area 1.4495M sqm (-18.86% YoY), contracted amount 25.318B yuan (-18.33% YoY); Jan-Jul cumulative contracted area 10.992M sqm (-29.62% YoY), amount 198.654B yuan (-25.83% YoY).保利发展2024年7月销售简报：签约面积144.95万平方米（同比-18.86%），签约金额253.18亿元（同比-18.33%）；1-7月累计签约面积1099.20万平方米（同比-29.62%），金额1986.54亿元（同比-25.83%）。
2024-09-09Poly Developments reported August 2024 contracted sales of RMB 22.115 billion, down 29.36% YoY; contracted area of 1.2543 million sqm, down 21.83% YoY.保利发展2024年8月签约金额221.15亿元，同比减少29.36%；签约面积125.43万平方米，同比减少21.83%。
2024-10-09Poly Development reported September 2024 contracted sales of 209.16 billion yuan, down 41.93% YoY; contracted area of 1.2498 million sqm, down 36.36% YoY. Jan-Sep cumulative contracted sales were 2416.86 billion yuan, down 27.89% YoY.保利发展公布2024年9月签约金额209.16亿元，同比下降41.93%；签约面积124.98万平方米，同比下降36.36%。1-9月累计签约金额2416.86亿元，同比下降27.89%。
2024-11-07Poly Developments reported October 2024 sales: contracted area 2.2259 million sqm (+23.98% YoY), contracted amount 42.337 billion yuan (+27.85% YoY); Jan-Oct cumulative contracted area 15.7221 million sqm (-25.07% YoY), amount 284.023 billion yuan (-22.88% YoY).保利发展发布2024年10月销售简报：签约面积222.59万平方米（同比+23.98%），签约金额423.37亿元（同比+27.85%）；1-10月累计签约面积1572.21万平方米（同比-25.07%），签约金额2840.23亿元（同比-22.88%）。
2024-12-04Poly Developments announced Nov 2024 sales: contracted area 1.3799 million sqm (-16.93% YoY), contracted amount 24.001 billion yuan (-24.72% YoY). Jan-Nov cumulative: area 17.102 million sqm (-24.25%), amount 308.024 billion yuan (-22.90%).保利发展公告2024年11月销售情况：签约面积137.99万平方米（同比-16.93%），签约金额240.01亿元（同比-24.72%）；1-11月累计签约面积1710.2万平方米（同比-24.25%），签约金额3080.24亿元（同比-22.90%）。
2025-01-07Poly Development announced December 2024 sales: contracted area 864,100 sqm (-32.77% YoY), contracted amount 15.005 billion yuan (-33.99% YoY). Full-year 2024: contracted area 17.9661 million sqm (-24.71% YoY), contracted amount 323.029 billion yuan (-23.50% YoY).保利发展公告2024年12月销售：签约面积86.41万平方米（同比-32.77%），签约金额150.05亿元（同比-33.99%）。2024年全年：签约面积1796.61万平方米（同比-24.71%），签约金额3230.29亿元（同比-23.50%）。
2025-02-09Jan 2025 contracted sales: area 772,000 sqm (-35.01% YoY), amount 18.015 billion yuan (-11.36% YoY).2025年1月签约销售：面积77.20万平方米（同比-35.01%），金额180.15亿元（同比-11.36%）。
2025-03-06Poly Developments reported Feb 2025 contracted sales of RMB 15.995 billion, up 2.38% YoY; Jan-Feb cumulative contracted sales of RMB 34.011 billion, down 5.39% YoY.保利发展公布2025年2月签约金额159.95亿元，同比增长2.38%；1-2月累计签约金额340.11亿元，同比下降5.39%。
2025-04-08Poly Developments reported March 2025 sales: contracted area 1.5258 million sqm (-0.47% YoY), contracted amount RMB 29.016 billion (+7.32% YoY); Q1 cumulative area 3.0807 million sqm (-16.03%), amount RMB 63.027 billion (+0.07%).保利发展公布2025年3月销售数据：签约面积152.58万平方米（同比-0.47%），签约金额290.16亿元（同比+7.32%）；一季度累计面积308.07万平方米（同比-16.03%），金额630.27亿元（同比+0.07%）。
2025-05-07Apr 2025 contracted area 1.2272M sqm, -34.25% YoY; contracted amount 24.622B yuan, -25.44% YoY. Jan-Apr cumulative contracted area 4.3079M sqm, -22.17%; amount 87.649B yuan, -8.71%.2025年4月签约面积122.72万平方米，同比减少34.25%；签约金额246.22亿元，同比减少25.44%。1-4月累计签约面积430.79万平方米，同比减少22.17%；金额876.49亿元，同比减少8.71%。
2025-06-06Poly Developments reported May 2025 sales: contracted area 1.3041 million sqm (-32.88% YoY), contracted amount RMB 28.512 billion (-19.26% YoY); Jan-May cumulative contracted area 5.612 million sqm (-24.96% YoY), amount RMB 116.161 billion (-11.54% YoY).保利发展2025年5月签约面积130.41万平方米（同比-32.88%），签约金额285.12亿元（同比-19.26%）；1-5月累计签约面积561.20万平方米（同比-24.96%），金额1161.61亿元（同比-11.54%）。
2025-07-03June 2025 contracted sales: 1.5233 million sqm (down 26.20% YoY) and 29.011 billion yuan (down 30.95% YoY). Jan-Jun cumulative: 7.1354 million sqm (down 25.23%) and 145.171 billion yuan (down 16.25%).2025年6月签约面积152.33万平方米（同比减少26.20%），签约金额290.11亿元（同比减少30.95%）；1-6月累计签约面积713.54万平方米（同比减少25.23%），签约金额1451.71亿元（同比减少16.25%）。
2025-08-08Poly Development reported July 2025 sales: contracted area 909,900 sqm (-37.23% YoY), contracted amount 18.014 billion yuan (-28.85% YoY); Jan-Jul cumulative contracted area 8.0453 million sqm (-26.81% YoY), amount 163.185 billion yuan (-17.85% YoY).保利发展2025年7月签约面积90.99万平方米（同比-37.23%），签约金额180.14亿元（同比-28.85%）；1-7月累计签约面积804.53万平方米（同比-26.81%），金额1631.85亿元（同比-17.85%）。
2025-09-05August 2025 sales: contracted area 939,900 sqm (-25.07% YoY); contracted amount 18.015 billion yuan (-18.54% YoY). Jan-Aug 2025 cumulative: contracted area 8.9852 million sqm (-26.63% YoY); contracted amount 181.2 billion yuan (-17.92% YoY).2025年8月销售：签约面积93.99万平方米（同比-25.07%）；签约金额180.15亿元（同比-18.54%）。1-8月累计：签约面积898.52万平方米（同比-26.63%）；签约金额1812亿元（同比-17.92%）。
2025-10-10September 2025 sales: contracted area 1.119 million sqm, down 10.46% YoY; contracted amount 20.531 billion yuan, down 1.84% YoY. Jan-Sep cumulative: contracted area 10.1042 million sqm, down 25.13% YoY; contracted amount 201.731 billion yuan, down 16.53% YoY.2025年9月销售：签约面积111.90万平方米，同比减少10.46%；签约金额205.31亿元，同比减少1.84%。1-9月累计：签约面积1010.42万平方米，同比减少25.13%；签约金额2017.31亿元，同比减少16.53%。
2025-11-07Oct 2025 contracted area 1.0938M sqm (-50.86% YoY), contracted amount 21.116B yuan (-50.12% YoY). Jan-Oct contracted area 11.1981M sqm (-28.78%), amount 222.847B yuan (-21.54%).2025年10月签约面积109.38万平方米（同比-50.86%），签约金额211.16亿元（同比-50.12%）。1-10月签约面积1119.81万平方米（同比-28.78%），金额2228.47亿元（同比-21.54%）。
2025-12-08November 2025 sales: contracted area 458,200 sqm (down 66.79% YoY), contracted amount 18.019 billion yuan (down 24.93% YoY). Jan-Nov cumulative: area 11.6563 million sqm (down 31.84%), amount 240.866 billion yuan (down 21.80%).2025年11月签约面积45.82万平方米（同比-66.79%），签约金额180.19亿元（同比-24.93%）；1-11月累计签约面积1165.63万平方米（同比-31.84%），金额2408.66亿元（同比-21.80%）。
2026-01-09Poly Development reported December 2025 sales: contracted area 697,100 sqm (-19.33% YoY), contracted amount 12.164 billion yuan (-18.94% YoY). Full-year 2025: contracted area 12.3534 million sqm (-31.24% YoY), contracted amount 253.030 billion yuan (-21.67% YoY).保利发展公告2025年12月销售数据：签约面积69.71万平方米（同比-19.33%），签约金额121.64亿元（同比-18.94%）。2025年全年签约面积1235.34万平方米（同比-31.24%），签约金额2530.30亿元（同比-21.67%）。
2026-03-09Poly Developments reported February 2026 contracted area of 454,800 sqm (down 41.91% YoY) and contracted amount of RMB 10.132 billion (down 36.66% YoY); Jan-Feb cumulative contracted area 1.1847 million sqm (down 23.81% YoY) and amount RMB 25.749 billion (down 24.29% YoY).保利发展公告2026年2月签约面积45.48万平方米（同比减少41.91%），签约金额101.32亿元（同比减少36.66%）；1-2月累计签约面积118.47万平方米（同比减少23.81%），签约金额257.49亿元（同比减少24.29%）。
2026-04-10Poly Development reported March 2026 sales: contracted area 1.1475 million sqm (-24.79% YoY), contracted amount 26.033 billion yuan (-10.28% YoY); Q1 cumulative contracted area 2.3323 million sqm (-24.29% YoY), amount 51.782 billion yuan (-17.84% YoY).保利发展公布2026年3月销售数据：签约面积114.75万平方米（同比-24.79%），签约金额260.33亿元（同比-10.28%）；一季度累计签约面积233.23万平方米（同比-24.29%），签约金额517.82亿元（同比-17.84%）。
2026-05-11Poly Developments reported April 2026 sales: contracted area 1.1304 million sqm (down 7.88% YoY), contracted amount RMB 25.931 billion (up 5.32% YoY); Jan-Apr cumulative contracted area 3.4627 million sqm (down 19.62%), amount RMB 77.713 billion (down 11.34%).保利发展公告2026年4月销售数据：签约面积113.04万平方米（同比减少7.88%），签约金额259.31亿元（同比增加5.32%）；1-4月累计签约面积346.27万平方米（同比减少19.62%），签约金额777.13亿元（同比减少11.34%）。
2026-06-11Poly Developments reported May 2026 sales: contracted area 1.2477 million sqm (-4.32% YoY), contracted amount RMB 27.614 billion (-3.15% YoY); Jan-May cumulative contracted area 4.7104 million sqm (-16.07% YoY), cumulative amount RMB 105.327 billion (-9.33% YoY).保利发展披露2026年5月销售简报：签约面积124.77万平方米（同比-4.32%），签约金额276.14亿元（同比-3.15%）；1-5月累计签约面积471.04万平方米（同比-16.07%），签约金额1053.27亿元（同比-9.33%）。
Land acquisition & project additions土地收购与项目新增
78 · 2024-01-05 → 2026-06-25
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Continuous acquisition of new land parcels and real estate projects across cities.在全国多个城市持续获取新地块和房地产项目。
2024-01-05Poly Development added 20 new real estate projects with total land area of 1.0534 million sqm, planned GFA of 2.6932 million sqm, and total consideration of RMB 27.427 billion.保利发展新增20个房地产项目，合计用地面积105.34万平方米，规划容积率面积269.32万平方米，公司需支付价款274.27亿元。
2024-02-21Guangzhou Puyu Real Estate Development Co., Ltd. (a subsidiary of Poly Developments) won the bid for five plots in Liwan District, Guangzhou (Dongsha International Trade Port area) at a reserve price of 8.28 billion yuan, with a floor price of 25,713 yuan/sqm, total GFA 322,004 sqm, construction start by April 12, 2025.保利发展子公司广州市埔域房地产开发有限公司以底价82.8亿元摘得广州市荔湾区东沙国际商贸港片区5宗地块，楼面价25713元/平方米，总建筑面积322004平方米，开工时间2025年4月12日。
2024-03-05Poly Development added 3 new real estate projects: Tianjin Jinnan (land cost 1.01941 billion yuan, 100% equity), Xi'an Chang'an (2.18 billion yuan, 100% equity), Taiyuan Xiaodian (190.5 million yuan, 34.8% equity).保利发展新增3个房地产项目：天津市津南区（土地价款10.1941亿元，权益100%）、西安市长安区（21.8亿元，权益100%）、太原市小店区（1.905亿元，权益34.8%）。
2024-04-10Poly Development acquired a residential plot in Xi'an High-tech Zone via listing, land area 37,100 sqm, floor area 92,800 sqm, total consideration about CNY 1.282 billion, 100% equity.保利发展通过挂牌方式取得西安高新区住宅地块，用地面积3.71万平方米，规划建筑面积9.28万平方米，总价款约12.82亿元，权益比例100%。
2024-05-09Poly Developments added 2 new land parcels: Beijing Shunyi Airport Phase 6 plot (50% stake, consideration 583.63 million yuan) and Shanghai Jiading Jiading新城 North of Chengbei Road plot (51% stake, consideration 603.18 million yuan), total consideration ~1.187 billion yuan.保利发展新增2个房地产项目：北京顺义空港六期地块（权益50%，需支付价款5.8363亿元）和上海嘉定嘉定新城城北路北侧地块（权益51%，需支付价款6.0318亿元），合计需支付价款约11.87亿元。
2024-06-06Poly Developments acquired 2 residential land parcels in May via auction: Shanghai Yangpu District Qiqihar Road West plot (90% stake, 1.341 billion yuan) and Zhongshan Dong District Qile Road West plot (100% stake, 165 million yuan), total consideration 1.506 billion yuan.保利发展5月通过招拍挂新增2个住宅地块：上海杨浦区齐齐哈尔路西侧地块（权益90%，价款13.41亿元）和中山市东区齐乐路西侧地块（权益100%，价款1.65亿元），总价款15.06亿元。
2024-06-25Poly Developments won Guangzhou Liwan District Hedong Road South AF040134 residential plot at auction for 699.92 million yuan, premium rate 8.5%, floor price ~28,682 yuan/sqm.保利发展以6.9992亿元竞得广州荔湾区鹤洞路以南AF040134住宅地块，溢价率8.5%，楼面价约28682元/平方米。
2024-06-27Poly Developments won Hefei Baohu District BH202416 residential plot at auction for 1.226 billion yuan, premium rate 12.00%, floor price 12,600 yuan/sqm.保利发展以12.26亿元竞得合肥包河区BH202416号住宅地块，溢价率12.00%，楼面价12600元/平方米。
2024-07-01Poly Developments' subsidiary Fuzhou Zhongqin Zhiye Co., Ltd. won the Gulou District plot 2024-24 in Fuzhou at the reserve price of RMB 787 million, floor price RMB 25,764/sqm.保利发展旗下福州中沁置业有限公司以底价7.87亿元竞得福州鼓楼区2024-24号地块，楼面价25764元/平方米。
2024-07-09Poly Developments won the Yangpu District Pingliang Community 02H1-01 plot in Shanghai at a premium of 21.18% for RMB 2.20272 billion, with a floor price of RMB 88,642/sqm, setting a new unit-price record for Yangpu.保利发展以22.0272亿元、溢价21.18%竞得上海杨浦区平凉社区02H1-01地块，楼面价88642元/平方米，刷新杨浦单价地王纪录。
2024-07-09Poly Developments acquired 4 new residential projects: Guangzhou Liwan District (RMB 699M, 100% equity), Hefei Baohe District (RMB 1.226B, 100%), Sanya Jiyang District (RMB 1.269B, 100%), and Xuzhou Tongshan District (RMB 318M, 85% equity). Total land area 190,892 sqm, total consideration RMB 3.513 billion.保利发展新增4个住宅项目：广州荔湾区（6.99亿元，100%权益）、合肥包河区（12.26亿元，100%）、三亚吉阳区（12.69亿元，100%）、徐州铜山区（3.18亿元，85%权益）。总用地面积19.09万平方米，总价款35.13亿元。
2024-08-07Poly Developments acquired 7 new land parcels via tender/auction in Beijing, Shanghai, Shijiazhuang, Chengdu, Fuzhou, and Lanzhou, with total land area 206,100 sqm, total GFA 466,400 sqm, and total consideration 11.022B yuan.保利发展通过招拍挂新增7个房地产项目，位于北京、上海、石家庄、成都、福州、兰州，总用地面积20.61万平方米，总规划容积率面积46.64万平方米，需支付总价款110.22亿元。
2024-08-07Poly Developments won the Shanghai Qingpu District Chonggu Town plot at a reserve price of 428M yuan, floor price 15,300 yuan/sqm, with a plot ratio of 2.0.保利发展以底价4.28亿元竞得上海青浦区重固镇地块，楼面价15300元/平方米，容积率2.0。
2024-09-09Poly Developments acquired a residential project plot in Qingpu District, Shanghai, for RMB 428.63 million, with 100% equity interest and a planned GFA of 28,015 sqm.保利发展以4.2863亿元获取上海市青浦区一住宅地块，权益比例100%，规划容积率面积28015平方米。
2024-09-29Poly Developments won the Guangzhou Tianhe South Flour Mill plot (AT080722) for RMB 11.755 billion, with a premium rate of 33.35% and a floor price of RMB 66,957/sqm, the second highest in Guangzhou history.保利发展以117.55亿元竞得广州天河区南方面粉厂地块，溢价率33.35%，楼面价66957元/平方米，为广州土拍楼面价第二高。
2024-10-09Poly Development acquired 4 new land parcels via auction in Guangzhou Tianhe (1.1755 billion yuan), Zhaoqing Duanzhou (300 million yuan), Shijiazhuang Qiaoxi (959 million yuan), and Changchun (740.48 million yuan), total consideration 1.375 billion yuan, 100% equity.保利发展通过招拍挂新增4个房地产项目，分别位于广州天河（117.55亿元）、肇庆端州（3亿元）、石家庄桥西（9.59亿元）和长春（7.4048亿元），总价款13.75亿元，权益比例100%。
2024-10-09Poly Development's subsidiary Guangdong Poly City Development won the Tianhe Financial City riverside residential plot for 1.1755 billion yuan, floor price 67,000 yuan/sqm, premium rate 33.35%.保利发展全资子公司广东保利城市发展以117.55亿元竞得天河区金融城一线江景宅地，楼面价6.70万元/平方米，溢价率33.35%。
2024-10-30Poly Development's subsidiary Guangdong Poly City Development won 3 adjacent residential plots in Haizhu District Pazhou South at reserve price, total consideration 5.9 billion yuan, total GFA 138,000 sqm, floor price approx. 43,000 yuan/sqm.保利发展旗下广东保利城市发展以底价竞得海珠区琶洲南区3宗相邻宅地，总价59亿元，总建面13.8万平方米，楼面价约4.3万元/平方米。
2024-11-01At the Q3 2024 performance briefing, Poly Developments said it acquired 1.07 million sqm of land in Q3 with total consideration of 28.9 billion yuan; 1-10 month equity land acquisition ranked second in the industry.在2024年三季度业绩说明会上，保利发展表示三季度获取项目107万平方米，全口径拓展金额289亿元；1-10月权益拓展金额排名行业第二。
2024-11-07Poly Developments acquired a new residential project in Guangzhou: Haizhu District, Fengpu Middle Road South plot, land area 55,202 sqm, floor area 138,006 sqm, consideration 5.9 billion yuan, 100% equity.保利发展新增广州海珠区凤浦中路南侧住宅地块，用地面积55,202平方米，规划容积率面积138,006平方米，需支付价款59亿元，权益比例100%。
2024-11-28Poly Developments won 3 residential plots in Shanghai's 7th batch land auction: Pudong Tangzhen plot (32.93 billion yuan, 26.56% premium, floor price 44,008 yuan/sqm), Yangpu I5-01 (28.713 billion yuan with Shanghai Construction, 17.09% premium), Yangpu O2-07 (15.23 billion yuan, 16.27% premium).保利发展在上海第七批次土拍中竞得3宗宅地：浦东唐镇地块（32.93亿元，溢价26.56%，楼面价44008元/平方米）、杨浦I5-01地块（与上海建工联合，28.713亿元，溢价17.09%）、杨浦O2-07地块（15.23亿元，溢价16.27%）。
2024-12-02Poly Developments ranked second in new land value from Jan-Nov 2024 with 100.1 billion yuan, according to China Index Academy.据中指研究院，2024年1-11月保利发展以1001亿元新增货值位列第二。
2024-12-03Poly Developments won 3 plots in Shanghai's 7th batch of centralized land supply for a total of 7.687 billion yuan, including a Pudong Tangzhen plot with a 26.56% premium.保利发展在上海第七批次集中供地中以总计76.87亿元拿下3宗地块，其中浦东唐镇地块溢价率26.56%。
2024-12-04Poly Developments added 6 new real estate projects in Shanghai, Xi'an, and Zhaoqing, with total land area of 133,512 sqm, planned GFA of 319,826 sqm, and total land cost of 8.25867 billion yuan.保利发展新增6个房地产项目，位于上海、西安、肇庆，总用地面积133512平方米，规划容积率面积319826平方米，需支付价款82.5867亿元。
2024-12-06Poly Developments won a plot in Wuchang District, Wuhan at a base price of 757 million yuan via subsidiary Hubei Pinxin Real Estate Development Co., Ltd.保利发展旗下湖北品信房地产开发有限公司以底价7.57亿元竞得武汉武昌区地块。
2024-12-31Poly Developments won two residential plots in Tianhe District, Guangzhou at a total base price of 7.022 billion yuan, ending the year with 7 plots in Guangzhou for a total of 25.37731 billion yuan.保利发展以底价70.22亿元竞得广州天河区两宗宅地，2024年在广州共拿下7宗地块，总金额253.7731亿元。
2025-01-01Poly Development subsidiary Shouhong Land (Guangzhou) won two residential plots in Tianhe District, Guangzhou Financial City West Zone at reserve price for a total of 7.022 billion yuan, land area 41,283.66 sqm, planned GFA 137,763.4 sqm.保利发展旗下守鸿置地(广州)以底价70.22亿元竞得广州天河区金融城西区两宗住宅地块，用地面积41283.66平方米，规划建筑面积137763.4平方米。
2025-01-07Poly Development announced 6 new land acquisitions in Guangzhou, Foshan, Zhongshan, Sanya, and Lanzhou, with total payable consideration of 9.964 billion yuan, total land area 209,802 sqm.保利发展公告新增6个房地产项目，位于广州、佛山、中山、三亚和兰州，合计需支付价款99.64亿元，用地面积合计209802平方米。
2025-01-24Poly Development won Songjiang District plot SJS30003 unit 01-18 in Shanghai for 2.05185 billion yuan (27.93% premium), floor price 29,425 yuan/sqm, land area 69,042 sqm, GFA 69,732.42 sqm, plot ratio 1.01.保利发展以20.5185亿元（溢价率27.93%）竞得上海松江区SJS30003单元01-18号地块，楼面价29425元/平方米，用地面积69042平方米，建筑面积69732.42平方米，容积率1.01。
2025-02-08Won Shanghai Songjiang SJS30003 unit 01-18 plot for 2.052 billion yuan (27.9% premium, floor price 29,425 yuan/sqm).以20.52亿元（溢价率27.9%，楼板价29,425元/平方米）竞得上海松江区SJS30003单元01-18号地块。
2025-02-09Added 3 new residential land parcels via auction: Shanghai Songjiang (69,042 sqm), Shijiazhuang Yuhua (55,615 sqm), Qingdao Shinan (21,782 sqm); total land area 146,438 sqm, total consideration 3.288 billion yuan.通过招拍挂新增3个住宅地块：上海松江（69,042平方米）、石家庄裕华（55,615平方米）、青岛市南（21,782平方米）；总用地面积146,438平方米，总价款32.88亿元。
2025-02-11Won Beijing Chaoyang Sanjianfang land parcel (689,96.22 sqm, GFA 172,935.57 sqm) for 8.7295 billion yuan (10.5% premium) via joint venture with Jinmao (China Jinmao).联合金茂以87.295亿元（溢价率10.5%）竞得北京朝阳三间房地块（土地面积68,996.22平方米，规划建筑面积172,935.57平方米）。
2025-02-13Acquired 100% equity of Kunming Huirui Zhiye (holding Guomao A2 plot) for about 1.09 billion yuan, adjacent to existing Poly Tianjun project.以约10.9亿元收购昆明惠瑞置业100%股权（持有国贸A2地块），紧邻现有保利天珺项目。
2025-02-13Wholly-owned subsidiary Foshan Baoshi Zhiye won Nanhai Shishan residential plot (27,954.45 sqm, GFA 33,545.34 sqm) for 295.2 million yuan (floor price 8,800 yuan/sqm).全资子公司佛山保狮置业以2.952亿元（楼面价8,800元/平方米）竞得南海狮山住宅地块（27,954.45平方米，规划建筑面积33,545.34平方米）。
2025-03-06Poly Developments acquired 6 new residential land parcels via auction in Beijing, Foshan, Tianjin, Xi'an and Kunming, with total GFA of 613,932 sqm and total consideration of RMB 7.75 billion.保利发展通过招拍挂新增6个住宅地块，位于北京、佛山、天津、西安和昆明，总规划容积率面积61.39万平方米，需支付总价款77.5亿元。
2025-04-03Poly Developments won a residential plot in Hangzhou Future Sci-Tech City for RMB 4.25046 billion, with a floor price of RMB 21,426/sqm, setting a new district record.保利发展以42.5046亿元竞得杭州未来科技城一宗宅地，楼面价21426元/㎡，刷新片区纪录。
2025-04-08Poly Developments acquired two residential plots via tender: Tianjin Hexi District (land area 267,400 sqm, total payment RMB 1.1 billion, 100% equity) and Quanzhou Fengze District (land area 190,700 sqm, payment RMB 418.2 million, 51% equity).保利发展通过招拍挂获取天津河西区宅地（用地面积26.74万㎡，需支付价款11亿元，权益100%）和泉州丰泽区宅地（用地面积19.07万㎡，需支付价款4.182亿元，权益51%）。
2025-04-28Poly Developments won a prime residential plot in Hangzhou Qianjiang Century City for RMB 4.537 billion after 168 rounds, with a floor price of RMB 51,611/sqm, a record for the area, and a premium rate of 58.80%.保利发展经168轮竞价以45.37亿元竞得杭州钱江世纪城核心宅地，楼面价51611元/㎡，刷新板块纪录，溢价率58.80%。
2025-05-07Added 4 new real estate projects (Hangzhou Yuhang, Hangzhou Xiaoshan, Xiamen Huli, Shijiazhuang Chang'an) with total land area 193,535 sqm, total GFA 454,090 sqm, total consideration 1.280041B yuan.新增4个房地产项目（杭州余杭、杭州萧山、厦门湖里、石家庄长安），总用地面积19.35万平方米，总规划建筑面积45.41万平方米，需支付价款12.80亿元。
2025-05-09Won Shanghai Qingpu Chonggu residential plot (36b-01) at reserve price 840.55M yuan, floor price 15,500 yuan/sqm, GFA ~54,200 sqm.以底价8.4055亿元竞得上海青浦重固36b-01住宅地块，楼面价15500元/平方米，建面约5.42万平方米。
2025-05-20Won Beijing Haidian Banbidian urban village redevelopment plot (HD00-2201-0003,0004) with Beijing Construction Engineering Group (Beijing Jiangong) for 4.545B yuan, floor price 78,418 yuan/sqm, premium 11.95%.联合北京建工以45.45亿元竞得北京海淀半壁店城中村改造地块，楼面价78418元/平方米，溢价率11.95%。
2025-05-30Won Guangzhou Tianhe Tianzhi Zhigu AT1003023 residential plot at reserve price 2.252B yuan, floor price ~30,500 yuan/sqm.以底价22.52亿元竞得广州天河天河智谷AT1003023住宅地块，楼面价约3.05万元/平方米。
2025-05-30Jointly with China Merchants Shekou (Zhaoshang Shekou) won Wenzhou Lucheng Hongdian plot for 1.7299B yuan, premium 11.25%, floor price 16,688 yuan/sqm.联合招商蛇口以17.299亿元竞得温州鹿城洪殿地块，溢价率11.25%，楼面价16688元/平方米。
2025-06-06Poly Developments acquired 6 new land parcels in May 2025 for a total consideration of approximately RMB 10.264 billion, located in Beijing, Shanghai, Guangzhou, Xi'an, Shijiazhuang, and Wenzhou.保利发展2025年5月新增6个房地产项目，总支付价款约102.64亿元，分布于北京、上海、广州、西安、石家庄、温州。
2025-06-17Poly Developments and Qingdao Qingtie Intelligent Technology Co., Ltd. jointly won a land parcel in Qingdao Shibei District Xin Duxin area for RMB 722 million (floor price RMB 11,000/sqm).保利发展与青岛青铁智能科技有限公司联合以7.22亿元竞得青岛市北区新都心板块地块，楼面价11000元/㎡。
2025-06-19Poly Developments won two land parcels in Shanghai's fifth batch of land auctions: Yangpu Dongwaitan plot for RMB 3.5 billion (30.79% premium, floor price RMB 95,530/sqm, new district record) and Minhang Zhuangqiao plot for RMB 3.14026 billion (12.95% premium, floor price RMB 38,775/sqm).保利发展在上海第五批土拍中竞得两宗地块：杨浦东外滩地块35亿元（溢价30.79%，楼面价95530元/㎡，区域新地王），闵行颛桥地块31.4026亿元（溢价12.95%，楼面价38775元/㎡）。
2025-07-03Added 5 new real estate projects (residential) in Shanghai Yangpu, Shanghai Minhang, Shijiazhuang Qiaoxi, Qingdao Shibei, and Sanya Haitang, with total land area 164,884 sqm, planned GFA 320,327 sqm, and total consideration 8.612 billion yuan.新增5个房地产项目（住宅），位于上海杨浦、上海闵行、石家庄桥西、青岛市北、三亚海棠，总用地面积164,884平方米，规划容积率面积320,327平方米，需支付总价款86.12亿元。
2025-08-08Poly Development acquired a new residential project in Foshan, Shunde District, Tianning Road South plot, via public tender, land area 54,900 sqm, planned GFA 140,000 sqm, consideration 1 billion yuan, 100% equity.保利发展通过招拍挂新增佛山市顺德区天宁路南侧地块住宅项目，用地面积5.49万平方米，规划容积率面积14万平方米，需支付价款10亿元，权益比例100%。
2025-08-19Poly Development won a residential plot in Sanya Central Business District, Yuechuan Unit, with total consideration of 1.13366 billion yuan (land price) plus mandatory allocation of Hainan International Cultural Exchange Center and other works worth 1.21247 billion yuan, total comprehensive cost 2.34613 billion yuan, comprehensive floor price ~14,444 yuan/sqm.保利发展以总价11.3366亿元竞得三亚中央商务区月川单元宅地，另需无偿配建海南国际文化交流中心部分及其他工程投资额12.1247亿元，综合成交总价23.4613亿元，综合楼面价约14444元/平方米。
2025-09-02At the briefing, management stated that on June 19, Poly won two plots in Shanghai (Yangpu Pingliang Street 01C5-02 and Minhang Zhuangqiao MHC10601-01-22A-10) for a total land price of 6.64 billion yuan, and participated in Shanghai's 6th land auction in July.在说明会上，管理层表示6月19日公司竞得上海两地块（杨浦平凉街道01C5-02、闵行颛桥MHC10601-01-22A-10），总地价66.4亿元，并参与了7月上海第6批次土拍。
2025-09-04Poly partnered with Shanghai Real Estate Investment to acquire the Yangpu Xinjiangwan E1-08A low-density residential plot (FAR 1.1) via equity transfer, planning to build townhouses, stacked villas, and garden apartments.保利发展携手上海地产投资，通过股权转让竞得杨浦新江湾E1-08A低密宅地（容积率1.1），计划打造联排、叠加、洋房等产品。
2025-09-06Poly added two new residential projects since the last announcement: Lanzhou project (land area 35,919 sqm, GFA 89,796 sqm, consideration 477.9 million yuan) and Sanya project (land area 70,435 sqm, GFA 162,424 sqm, consideration 1.13366 billion yuan), total consideration 1.61156 billion yuan.自上次公告以来，保利发展新增两个住宅项目：兰州项目（用地面积35,919平方米，计容面积89,796平方米，价款47,790万元）和三亚项目（用地面积70,435平方米，计容面积162,424平方米，价款113,366万元），总价款161,156万元。
2025-10-10Added 6 new real estate projects in Shanghai (Hongkou, Yangpu), Putian, and Nanchang, with total land area of 132,007 sqm, total planned GFA of 227,171 sqm, and total consideration of 4.96541 billion yuan. Equity ratios range from 51% to 100%.新增6个房地产项目，位于上海（虹口、杨浦）、莆田和南昌，用地面积合计132,007平方米，规划容积面积227,171平方米，需支付价款合计49.6541亿元，权益比例51%-100%。
2025-10-29Won a residential plot in Shishan Town, Nanhai District, Foshan, through subsidiary Foshan Nanhai Baoshi Real Estate, for 381 million yuan (20% premium), floor area 31,700 sqm, planned GFA 72,800 sqm, floor price 5,232 yuan/sqm.通过子公司佛山市南海区保狮置业有限公司以3.81亿元（溢价20%）竞得佛山南海区狮山镇宅地，用地面积3.17万平方米，规划建面7.28万平方米，楼面价5232元/平方米。
2025-11-07Poly Developments acquired 5 new residential projects via auction in Foshan, Jiangmen, Changsha, Xi'an, Dalian, total land area 292,500 sqm, total consideration 5.121B yuan, 100% equity in all.保利发展通过招拍挂新增5个住宅项目，位于佛山、江门、长沙、西安、大连，总面积29.25万平方米，总支付价款51.21亿元，均持有100%权益。
2025-11-11Poly Developments (Chengdu Baohua Xinyue) won a 50.3-mu residential plot in Qingyang district, Chengdu at reserve price 1.107B yuan, floor price 16,500 yuan/sqm, 0% premium.保利发展（成都保华鑫悦）以底价11.07亿元摘得成都青羊区50.3亩住宅地块，楼面价16500元/㎡，溢价率0%。
2025-12-04Poly Development acquired a residential-commercial plot in Nanhai District, Foshan at the reserve price of 1.266 billion yuan, floor area 126,578.76 sqm, land premium 10,000 yuan/sqm.保利发展以底价12.66亿元竞得佛山南海区涉宅地块，规划建筑面积126,578.76平方米，楼面价10,000元/平方米。
2025-12-05Poly Development won the Haizhu District Nantai Road plot in Guangzhou after 76 rounds of bidding for 3.5 billion yuan, premium rate 27.27%, floor price 24,389 yuan/sqm.保利发展经76轮竞价以35亿元摘得广州海珠区南泰路地块，溢价率27.27%，成交楼面价24,389元/平方米。
2025-12-08Poly Development acquired two residential plots via tender: Qingyang District, Chengdu (1.107 billion yuan, 100% equity) and Zhongshan District, Dalian (629.82 million yuan, 100% equity), total consideration 1.73682 billion yuan.保利发展通过招拍挂获取成都青羊区地块（11.07亿元，100%权益）和大连中山区地块（6.2982亿元，100%权益），合计支付17.3682亿元。
2025-12-18Poly Development won the Baiyun新城 plot in Guangzhou for 1.983 billion yuan after 31 rounds, premium rate 17.82%, floor price 37,703 yuan/sqm.保利发展经31轮竞价以19.83亿元竞得广州白云新城地块，溢价率17.82%，成交楼面价37,703元/平方米。
2026-01-09Poly Development acquired 10 new land parcels via auction in Guangzhou, Shanghai, Foshan, Hefei, Chongqing, Wuhan, Taiyuan, and Lanzhou, with total land area of 329,634 sqm, planned GFA of 832,567 sqm, and total consideration of 11.086 billion yuan.保利发展通过招拍挂在广州、上海、佛山、合肥、重庆、武汉、太原、兰州新增10个房地产项目，总用地面积32.96万平方米，规划容积率面积83.26万平方米，需支付价款总额110.86亿元。
2026-03-06Poly Developments won a residential plot in Hangzhou Chengdong New Town (Anqi'er) for RMB 3.224 billion, floor price RMB 44,985/sqm, premium 51.08%, setting a new land price record in the area.保利发展以32.24亿元竞得杭州城东新城（安琪儿）宅地，楼面价44985元/㎡，溢价率51.08%，创城东新城地价新高。
2026-03-09Poly Developments acquired a residential plot in Qiaoxi District, Shijiazhuang (Zhengang Road South) via auction for RMB 687 million, land area 43,100 sqm, floor area 94,900 sqm, 100% equity.保利发展通过招拍挂以6.87亿元取得石家庄市桥西区振岗路南侧住宅地块，用地面积4.31万平方米，规划容积率面积9.49万平方米，权益比例100%。
2026-03-10Poly Developments won a residential plot in Hangzhou Xiaoshan Century City Core Unit XS010401-09 for RMB 1.586 billion, floor price RMB 38,084/sqm, premium 16.11%, plot ratio 1.8, the lowest in the area in 10 years.保利发展以15.86亿元竞得杭州萧山区世纪城核心单元XS010401-09宅地，楼面价38084元/㎡，溢价率16.11%，容积率1.8，为板块近10年最低。
2026-03-30Poly Developments won a residential plot in Shanghai Changning District Zhongshan Park area for RMB 5.921 billion, floor price RMB 77,697/sqm, premium 6.43%, after 41 rounds of bidding.保利发展以59.21亿元竞得上海长宁区中山公园板块宅地，楼面价77697元/㎡，溢价率6.43%，经过41轮竞价。
2026-04-10Poly Development added 4 new land parcels via tender/auction/listing: Shanghai Changning, Hangzhou Shangcheng, Hangzhou Xiaoshan, Taiyuan Wanbailin; total land area 126,900 sqm, GFA 366,600 sqm, total consideration ~11.007 billion yuan.保利发展通过招拍挂新增4个房地产项目：上海长宁区、杭州上城区、杭州萧山区、太原万柏林区；合计用地面积12.69万平方米，规划容积率面积36.66万平方米，需支付价款约110.07亿元。
2026-04-28Poly Development won a residential plot in Houjie Town, Dongguan for 695 million yuan (floor price 8,002 yuan/sqm, premium 14.31%) after 63 bidding rounds; land area 43,411 sqm, GFA 86,823 sqm.保利发展以6.95亿元竞得东莞厚街镇一宗宅地，楼面价8002元/平方米，溢价率14.31%，经过63轮竞价；地块面积43411.41平方米，规划建筑面积86822.82平方米。
2026-05-11Poly Developments acquired a residential plot in Houjie Town, Dongguan (Fugang Road South side) via tender, land area 43,411 sqm, total consideration RMB 694.76 million, 100% equity.保利发展通过招拍挂获得东莞市厚街镇福岗路南侧住宅地块，用地面积43,411平方米，需支付价款6.9476亿元，权益比例100%。
2026-05-14Poly Developments won two residential plots in Zhengzhou via subsidiaries: plot 8 (Weihenan Road, 42,723 sqm, RMB 629 million) and plot 9 (Zhongyuan West Road, 22,135 sqm, RMB 415 million).保利发展子公司竞得郑州两宗宅地：郑政出〔2026〕8号地块（魏河南路，42,723平方米，6.29亿元）和9号地块（中原西路，22,135平方米，4.15亿元）。
2026-05-19Poly Developments won the Taipingqiao urban village redevelopment plot in Fengtai, Beijing after 151 bidding rounds, total consideration RMB 4.1544 billion, premium rate 15.4%, land area 36,000 sqm, floor area ratio 2.0, effective residential land price RMB 66,707/sqm.保利发展经151轮竞价以41.544亿元竞得北京丰台太平桥城中村改造地块，溢价率15.4%，土地面积3.6万平方米，容积率2.0，实际住宅楼面价66,707元/平方米。
2026-05-28Poly Developments won a residential plot in Qingpu, Shanghai (QPS5-0001 unit 36a-02) at reserve price, total consideration RMB 541.23 million, land area 19,897.8 sqm, floor area ratio 1.7, floor price RMB 16,000/sqm.保利发展以底价5.4123亿元竞得上海青浦区QPS5-0001单元36a-02住宅地块，出让面积19,897.8平方米，容积率1.7，楼面价16,000元/平方米。
2026-05-29Poly Developments won a residential plot in Hongkou, Shanghai (C080403 unit hk153-02) at RMB 1.43 billion, premium rate 17.21%, floor price RMB 93,770/sqm.保利发展以14.3亿元竞得上海虹口区C080403单元hk153-02地块，溢价率17.21%，成交楼面价93,770元/平方米。
2026-06-02Poly Developments won a residential plot in Qingpu District, Shanghai (QPS5-0001 unit 36a-02) for RMB 541.23 million via tender, with a floor price of RMB 16,000/sqm and 0% premium; the project plan was released on the same day, planning 9 buildings of 7-11 floors.保利发展以总价5.4123亿元竞得上海青浦区QPS5-0001单元36a-02住宅地块，楼面价16000元/㎡，溢价率0%，拿地当日即公示规划方案，拟建9幢7-11F住宅。
2026-06-04Poly Developments, via its subsidiary Hainan Hongchu Exhibition Co., won a residential-commercial plot in Sanya Central Business District (Yuechuan unit YC01-01-02F) for RMB 681 million at reserve price, floor price RMB 13,791/sqm; the plot was originally commercial land taken back from Shimao Group.保利发展旗下海南鸿楚会展有限公司以底价6.81亿元竞得三亚中央商务区月川单元YC01-01-02F住宅混合商业地块，楼面价13791元/㎡；该地块原为世茂集团商业用地，被政府收回后商改住。
2026-06-11Poly Developments announced 6 new land acquisitions via public tender (all residential) in Beijing Fengtai, Shanghai Hongkou, Shanghai Qingpu, Hefei Baohe, Zhengzhou Zhongyuan and Jinshui, with total land area 159,879 sqm, total GFA 421,674 sqm, total consideration RMB 7.702 billion.保利发展公告新增6个房地产项目（均为住宅），位于北京丰台、上海虹口、上海青浦、合肥包河、郑州中原和金水，合计用地面积159879㎡，规划容积率面积421674㎡，需支付价款77.02亿元。
2026-06-15Poly Developments won a residential plot in Baiyun District, Guangzhou (AB2902026, Huangbian North Road) for RMB 1.349 billion after 27 rounds of bidding, with a premium of 23.87%, floor price RMB 26,926/sqm, land area ~20,046 sqm, GFA ~50,115 sqm.保利发展经27轮竞价以13.49亿元竞得广州白云区黄边北路北侧AB2902026住宅地块，溢价率23.87%，楼面价26926元/㎡，用地面积约20046㎡，规划建筑面积约50115㎡。
2026-06-22Poly Developments won a residential plot in Huadu District, Guangzhou at reserve price of RMB 675 million, floor price RMB 7,560/sqm, GFA 89,252 sqm.保利发展以底价6.75亿元竞得广州花都区一宗宅地，楼面价7560元/㎡，规划建筑面积89252㎡。
2026-06-25Poly Developments won a residential plot in Bao'an District, Shenzhen (A002-0113) for RMB 10.51 billion after 355 rounds of bidding, with a premium of 99.05%, floor price RMB 87,924/sqm, land area 37,357 sqm, GFA 119,535 sqm.保利发展经355轮竞价以105.1亿元竞得深圳宝安区A002-0113住宅地块，溢价率99.05%，楼面价87924元/㎡，土地面积37357.23㎡，建筑面积119535㎡。
Bond issuance & debt financing债券发行与债务融资
51 · 2024-01-10 → 2026-06-12
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Issuance of short-term commercial paper, medium-term notes, and corporate bonds.发行短期融资券、中期票据和公司债券。
2024-01-10Poly Development issued 2024 first tranche short-term commercial paper (24 Baoli Fazhan CP001) of RMB 2.5 billion, 270-day tenor, interest rate 2.49%, proceeds to repay maturing bonds.保利发展发行2024年度第一期短期融资券（24保利发展CP001），金额25亿元，期限270天，利率2.49%，募集资金用于偿还到期债券。
2024-01-25Poly Development issued 2024 first tranche medium-term notes: Tranche A (3-year, RMB 2 billion, 3.0%) and Tranche B (5-year, RMB 0.5 billion, 3.2%), total RMB 2.5 billion.保利发展发行2024年度第一期中期票据：品种一（3年期，20亿元，利率3.0%），品种二（5年期，5亿元，利率3.2%），合计25亿元。
2024-02-01Poly Developments issued the first tranche of 2024 corporate bonds to professional institutional investors (bond code 240584); the coupon rate was announced.保利发展面向专业机构投资者公开发行2024年公司债券（第一期）（债券代码240584），票面利率已公告。
2024-02-05Poly Developments issued the 2024 second tranche short-term commercial paper ('24 Bao Li Development CP002') with a total issuance of 2.5 billion yuan, 180-day term, interest rate 2.43%, effective from Feb 1, 2024.保利发展发行2024年度第二期短期融资券（“24保利发展CP002”），发行总额25亿元，期限180天，利率2.43%，起息日2024年2月1日。
2024-03-06Poly Development issued 2024 second tranche medium-term notes (24 Poly Development MTN002) with actual issuance of 1.9 billion yuan, 3-year term, interest rate 2.78%.保利发展发行2024年度第二期中期票据（24保利发展MTN002），实际发行总额19亿元，期限3年，发行利率2.78%。
2024-03-13Poly Development plans to issue corporate bonds of up to 10 billion yuan, with maturity up to 10 years, proceeds for debt repayment, working capital, project construction, and M&A.保利发展拟公开发行不超过100亿元公司债券，期限不超过10年，募集资金用于偿还有息债务、补充流动资金、项目建设及并购地产项目。
2024-03-18Poly Development announced the second tranche of 2024 corporate bonds for professional investors, with issuance size up to 2 billion yuan, two tranches: 5-year (rate range 2.40%-3.40%) and 7-year (2.60%-3.60%).保利发展公告2024年面向专业投资者公开发行公司债券（第二期），发行规模不超过20亿元，品种一5年期（利率询价区间2.40%-3.40%），品种二7年期（2.60%-3.60%）。
2024-03-20Poly Development finalized coupon rates for second tranche 2024 corporate bonds: 5-year tranche at 2.99%, 7-year tranche at 3.20%.保利发展确定2024年公司债券（第二期）票面利率：品种一（5年期）2.99%，品种二（7年期）3.20%。
2024-03-29Poly Development issued third tranche 2024 corporate bonds for professional investors, size up to 1.9 billion yuan, with 5-year tranche at 2.99% and 7-year tranche at 3.20%.保利发展发行2024年面向专业投资者公开发行公司债券（第三期），发行规模不超过19亿元，品种一（5年期）票面利率2.99%，品种二（7年期）3.20%。
2024-04-01Poly Development issued the third tranche of 2024 corporate bonds to professional investors, with a scale of up to CNY 1.9 billion; tranche 1 (5-year) coupon at 2.99%, tranche 2 (7-year) at 3.20%.保利发展面向专业投资者发行2024年第三期公司债券，规模不超过19亿元；品种一（5年期）票面利率2.99%，品种二（7年期）票面利率3.20%。
2024-04-01Poly Development successfully issued the 2024 third tranche medium-term notes (MTN) with a registered quota of CNY 5 billion.保利发展成功发行2024年度第三期中期票据，注册金额50亿元。
2024-05-27Poly Developments issued the prospectus for its 2024 4th tranche medium-term notes: 3-year, 2.0 billion yuan, unsecured, with proceeds: 600 million yuan for refinancing maturing debt, 1.4 billion yuan for Chongqing Lugu Linyu project development.保利发展发布2024年度第四期中期票据募集说明书：3年期、20亿元、无担保，募集资金6亿元用于置换到期债务，14亿元用于重庆麓谷林语项目开发。
2024-05-30Poly Developments issued the '24 Poly Development MTN004' medium-term notes: 3-year, 2.0 billion yuan, coupon rate 2.52%, proceeds used for refinancing and Chongqing project development.保利发展发行“24保利发展MTN004”中期票据：3年期、20亿元，票面利率2.52%，募集资金用于再融资及重庆项目开发。
2024-05-31Shanghai Stock Exchange accepted Poly Developments' application for a 10 billion yuan public corporate bond issuance (small public offering) project, status updated to 'accepted'.上交所受理保利发展100亿元小公募公司债券项目，状态更新为“已受理”。
2024-06-06Poly Developments' 10 billion yuan small public offering bond project was updated to 'accepted' by Shanghai Stock Exchange on May 30.保利发展100亿元小公募项目于5月30日在上交所更新为“已受理”。
2024-06-07Poly Developments' board approved a resolution to register and issue 10 billion yuan of medium-term notes (MTN).保利发展董事会审议通过注册发行100亿元中期票据的议案。
2024-06-19Poly Developments issued the 5th green MTN of 2024 ('24 Poly Development MTN005 Green') for 600 million yuan, 3-year term, with proceeds for green building projects.保利发展发行2024年度第五期绿色中期票据“24保利发展MTN005(绿色)”，金额6亿元，期限3年，募集资金用于绿色建筑项目。
2024-08-08China Securities Regulatory Commission approved Poly Developments' registration to publicly issue up to 10B yuan in corporate bonds to professional investors, valid for 24 months.中国证监会同意保利发展向专业投资者公开发行面值总额不超过100亿元公司债券的注册申请，批复24个月内有效。
2024-08-19Poly Developments issued the 2024 third tranche short-term commercial paper '24 Poly Developments CP003' with a 90-day term, actual issuance 2.5B yuan, coupon rate 2.02%.保利发展发行2024年度第三期短期融资券'24保利发展CP003'，期限90日，实际发行总额25亿元，发行利率2.02%。
2024-09-10Poly Developments issued the fourth tranche of 2024 corporate bonds to professional investors: RMB 1.5 billion of 5-year bonds at 2.39% and RMB 0.5 billion of 7-year bonds at 2.50%.保利发展完成2024年面向专业投资者公开发行公司债券（第四期），品种一5年期15亿元利率2.39%，品种二7年期5亿元利率2.50%。
2024-09-23Poly Developments announced the issuance plan for the 6th tranche of 2024 medium-term notes: RMB 500 million, 3-year tenor, with a subscription rate range of 2.00%-3.00%.保利发展发布2024年度第六期中期票据发行方案，发行规模5亿元，期限3年，申购区间2.00%-3.00%。
2024-10-28Poly Development issued the 2024 6th tranche medium-term note '24 Poly Development MTN006' for 500 million yuan, 3-year term, interest rate 2.65%, with China Construction Bank as lead underwriter.保利发展发行2024年度第六期中期票据'24保利发展MTN006'，金额5亿元，期限3年，利率2.65%，主承销商为建设银行。
2024-11-01Poly Developments issued the 2024 4th short-term commercial paper (24 Poly Developments CP004) with a total amount of 2.5 billion yuan, interest rate 2.21%, 57-day term, due December 27, 2024.保利发展发行2024年度第四期短期融资券（24保利发展CP004），总额25亿元，利率2.21%，期限57天，兑付日为2024年12月27日。
2024-11-25Poly Developments received two Acceptance Registration Notices from NAFMII for medium-term notes with a total registered quota of 10 billion yuan, valid for 2 years.保利发展收到中国银行间市场交易商协会两份《接受注册通知书》，同意中期票据注册，注册额度总计100亿元，有效期2年。
2024-12-02Poly Developments issued the fifth tranche of 2024 corporate bonds to professional investors, with a scale of up to 1.5 billion yuan, in two varieties.保利发展发行2024年面向专业投资者公开发行公司债券（第五期），规模不超过15亿元，分两个品种。
2024-12-06Poly Developments issued the 7th tranche of 2024 medium-term notes (24 Poly Development MTN007) with actual issuance of 5.0 billion yuan, 3-year term, interest rate 2.30%.保利发展发行2024年度第七期中期票据（24保利发展MTN007），实际发行总额50亿元，期限3年，发行利率2.30%。
2024-12-11Poly Developments issued the sixth tranche of 2024 corporate bonds to professional investors, with a scale of up to 2.0 billion yuan, in two varieties.保利发展发行2024年面向专业投资者公开发行公司债券（第六期），规模不超过20亿元，分两个品种。
2024-12-16Poly Developments completed the issuance of the sixth tranche of 2024 corporate bonds, with actual issuance of 2.0 billion yuan: variety 1 (5-year, 2.20%) 500 million yuan, variety 2 (7-year, 2.49%) 1.5 billion yuan.保利发展完成2024年第六期公司债发行，实际发行规模20亿元：品种一（5年期2.20%）5亿元，品种二（7年期2.49%）15亿元。
2025-01-07Poly Development issued domestic credit bonds in December 2024 totaling 8.5 billion yuan, the highest among developers, with an average coupon rate of 2.37%.2024年12月保利发展发行境内信用债融资85亿元，居房企之首，平均票面利率2.37%。
2025-02-25Issued 2025 first tranche medium-term notes (25 Baoli Development MTN001): 2 billion yuan, 5-year, interest rate 2.60%, proceeds to replace self-used funds for repaying '24 Baoli Development CP004'.发行2025年度第一期中期票据（25保利发展MTN001）：20亿元，5年期，利率2.60%，募集资金用于置换兑付“24保利发展CP004”已使用的自有资金。
2025-04-14Poly Developments issued the 2025 first tranche corporate bonds (25 Poly 01) for up to RMB 700 million, 5-year fixed rate with issuer call and put options, proceeds to repay/refinance maturing bonds.保利发展发行2025年第一期公司债券（25保利01），规模不超过7亿元，5年期固定利率，附发行人赎回和投资者回售选择权，募集资金用于偿还到期债券本金。
2025-05-22Filed to issue 2025 second tranche medium-term notes (MTN) of 3B yuan, 3-year tenor, rate 2.15%, proceeds to repay '22 Baoli Development MTN001A' and '22 Baoli Development MTN003A'.拟发行2025年度第二期中期票据30亿元，期限3年，利率2.15%，募集资金用于偿还“22保利发展MTN001A”和“22保利发展MTN003A”。
2025-06-03Poly Developments issued the 2025 second tranche of medium-term notes (MTN) with a registered amount of RMB 5 billion, raising RMB 3 billion at a coupon rate of 2.15% for 3 years.保利发展发行2025年度第二期中期票据，注册金额50亿元，实际发行30亿元，票面利率2.15%，期限3年。
2025-06-13Poly Developments' board approved a plan to register and issue up to RMB 10 billion in medium-term notes (MTN) in the interbank market, to be issued in tranches.保利发展董事会同意向银行间市场交易商协会申请注册发行100亿元中期票据，分期发行。
2025-06-18Poly Developments received a registration acceptance notice from NAFMII for ultra-short-term commercial paper (SCP) with a registered quota of RMB 5 billion, valid for 2 years.保利发展收到中国银行间市场交易商协会《接受注册通知书》，同意超短期融资券注册，注册额度50亿元，2年内有效。
2025-07-08The SSE approved the listing of the '25 Poly 02' corporate bond (code 243261) from July 9, 2025, for professional investors, with pledge-style repo eligible.上交所同意“25保利02”公司债券（代码243261）自2025年7月9日起上市，可参与质押式回购。
2025-07-30Determined the coupon rates for the third tranche of 2025 corporate bonds (up to 2.3 billion yuan): 5-year tranche at 2.25%, 7-year tranche at 2.55%, both with issuer call and investor put options.确定2025年面向专业投资者公开发行公司债券（第三期）票面利率：品种一（5年期）2.25%，品种二（7年期）2.55%，均附发行人赎回和投资者回售选择权。
2025-08-05Shanghai Stock Exchange approved the listing of Poly Development's 2025 third tranche corporate bond (Tranche 2) '25 Poly 05' (code 243411) starting Aug 6, 2025, eligible for pledged repo.上交所同意保利发展2025年面向专业投资者公开发行公司债券（第三期）（品种二）'25保利05'（代码243411）于2025年8月6日起上市，可参与质押式回购。
2025-08-19Poly Development received two Acceptance Registration Notices from NAFMII for medium-term note registration totaling 10 billion yuan, valid for 2 years from the notice date.保利发展收到中国银行间市场交易商协会两份《接受注册通知书》，同意中期票据注册额度共计100亿元，自通知书落款之日起2年内有效。
2025-10-09The 4th extraordinary general meeting of shareholders approved the resolution on issuing corporate bonds, with a proposed issuance scale of up to 10 billion yuan, valid for 24 months, to be used for repaying interest-bearing debt, replenishing working capital, and project construction.第四次临时股东大会审议通过发行公司债券议案，拟发行规模不超过100亿元，有效期24个月，用于偿还有息债务、补充流动资金及项目建设。
2025-10-13Shanghai Stock Exchange bond project platform shows Poly Developments' 15 billion yuan small public offering bond project status updated to 'accepted'.上交所公司债券项目信息平台显示，保利发展150亿元小公募项目状态更新至“已受理”。
2025-10-17Issued the prospectus for the 2025 3rd tranche medium-term notes, with a base issuance amount of 0 yuan and an upper limit of 3 billion yuan, to be used for repaying maturing debt instruments.发布2025年度第三期中期票据募集说明书，基础发行金额0亿元，发行金额上限30亿元，用于偿还到期债务融资工具。
2025-10-24Issued the 2025 3rd tranche medium-term notes: Tranche A (3-year) 500 million yuan at 2.00%, Tranche B (5-year) 2.5 billion yuan at 2.21%, both fixed-rate, interest paid annually.发行2025年度第三期中期票据：品种一（3年期）5亿元，利率2.00%；品种二（5年期）25亿元，利率2.21%，固定利率，按年付息。
2025-11-17Poly Developments' 15B yuan small public offering bond project on Shanghai Stock Exchange updated to 'submitted for registration'.保利发展150亿元小公募债券项目在上交所状态更新为“提交注册”。
2025-11-28Poly Developments issued 2025 4th tranche medium-term notes: 3-year tranche A 100M yuan at 1.85%, 5-year tranche B 2.9B yuan at 2.17%, total 3B yuan, registered amount 5B yuan.保利发展成功发行2025年度第四期中期票据，品种一3年期1亿元利率1.85%，品种二5年期29亿元利率2.17%，合计30亿元，注册金额50亿元。
2025-12-16China Securities Regulatory Commission approved Poly Development's registration to issue up to 15 billion yuan in corporate bonds to professional investors, valid for 24 months.中国证监会同意保利发展向专业投资者公开发行不超过150亿元公司债券的注册申请，有效期24个月。
2026-03-24Poly Developments issued the first tranche of 2026 corporate bonds to professional investors, up to RMB 1 billion, 5-year fixed rate with issuer call and investor put options at year 3, coupon rate range 2.10%-3.10%, proceeds for repaying or replacing existing bonds.保利发展发行2026年面向专业投资者公司债券（第一期），规模不超过10亿元，5年期固定利率，附第3年末发行人赎回和投资者回售选择权，票面利率询价区间2.10%-3.10%，募集资金用于偿还或置换公司债券本金。
2026-03-25Poly Developments finalized the coupon rate for its first tranche of 2026 corporate bonds at 2.50%, with issuance to professional investors on March 26-27, 2026.保利发展确定2026年公司债券（第一期）票面利率为2.50%，于2026年3月26日至27日面向专业机构投资者网下发行。
2026-04-14Poly Development launched the second tranche of its 2026 public corporate bond issuance for professional investors, up to 1.5 billion yuan, 5-year fixed rate with issuer call/rate adjustment and investor put at year 3, coupon range 2.10%-3.10%.保利发展启动2026年面向专业投资者公开发行公司债券（第二期），发行规模不超过15亿元，5年期固定利率，附第3年末发行人赎回、调整票面利率及投资者回售选择权，票面利率询价区间2.10%-3.10%。
2026-05-22Poly Developments issued the third tranche of 2026 corporate bonds to professional investors: total RMB 2.5 billion, with tranche 1 (RMB 1 billion, 5-year, coupon 1.96%) and tranche 2 (RMB 1.5 billion, 7-year, coupon 2.36%); proceeds for refinancing maturing bonds.保利发展完成2026年面向专业投资者公开发行公司债券（第三期）：总规模25亿元，品种一10亿元（5年期，票面利率1.96%），品种二15亿元（7年期，票面利率2.36%），募集资金用于置换到期债券本金。
2026-06-12Poly Developments launched the fourth tranche of 2026 public corporate bonds for professional investors, with a maximum size of RMB 3.1 billion, in two tranches: 5-year (with call/put at year 3, coupon range 1.60%-2.60%) and 7-year (with call/put at year 5, coupon range 1.90%-2.90%); proceeds to refinance maturing or put bonds.保利发展启动2026年面向专业投资者公开发行公司债券（第四期），规模不超过31亿元，分5年期（票面利率询价区间1.60%-2.60%）和7年期（1.90%-2.90%），募集资金全部用于置换回售或到期公司债券本金。
Strategic partnerships & cooperation战略合作与伙伴关系
9 · 2024-01-15 → 2025-06-05
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Cooperation agreements with GAC, McDonald's, Yum China, Huawei, and others.与广汽、麦当劳、百胜中国、华为等签署合作协议。
2024-01-15Poly Development and GAC Group will cooperate on green smart projects integrating vehicle-home interaction, vehicle-grid integration, and smart home systems via Polyhome platform.保利发展与广汽集团合作打造车宅互动、车网融合的绿色智能项目，通过保利智家平台实现智慧生活系统融合。
2024-02-29Poly Developments signed a strategic cooperation agreement with McDonald's China; McDonald's China will enter Poly's existing regional markets to co-build a new community commercial model, covering shopping malls, offices, and community retail.保利发展与麦当劳中国签署战略合作协议，麦当劳中国将入驻保利发展已布局的区域市场，共同打造社区商业新模式，涵盖购物中心、写字楼、社区商业等。
2024-03-01Poly Developments and McDonald's China signed a strategic cooperation agreement; McDonald's China will enter Poly's regional markets to jointly build community commercial models.保利发展与麦当劳中国签署战略合作协议，麦当劳中国将入驻保利发展已布局的区域市场，共同打造社区商业新型合作样板。
2024-07-25Poly Developments and Wuhan Urban Construction Group held talks to deepen cooperation on existing projects and explore new investment opportunities in Wuhan, Guangzhou, Foshan, etc.保利发展与武汉城建集团座谈交流，就推动合作项目落实落地、加快投资价值释放达成共识，双方在广州、武汉、佛山等地已有合作基础。
2024-08-16Poly Developments and Yum China signed a strategic cooperation agreement in Guangzhou to jointly explore high-quality dining experiences in commercial spaces.保利发展与百胜中国在广州签署战略合作协议，共同探索商业空间内高品质美食体验。
2024-09-25Poly Developments signed a strategic cooperation agreement with Yum China to jointly expand commercial property projects, focusing on community commercial layouts.保利发展与百胜中国签署战略合作协议，加强在商业项目拓展方面的合作，重点布局社区商业。
2024-10-12Poly Development signed a strategic cooperation agreement with Huawei Technologies, focusing on whole-house smart systems and smart communities.保利发展与华为技术有限公司签署战略合作协议，聚焦全屋智能与智慧社区领域。
2025-05-17Signed strategic cooperation agreement with China Life Investment (Guoshou Touzi) focusing on real estate investment & financing, asset revitalization, urban renewal, and real estate funds.与国寿投资签署战略合作协议，重点围绕不动产投融资、资产盘活、城市更新、不动产基金等领域展开合作。
2025-06-05Poly Developments signed a strategic cooperation agreement with Shanghai Real Estate (Group) Co., Ltd. to jointly develop key urban renewal projects in Shanghai, including North Bund and New Jiangwan.保利发展与上海地产（集团）有限公司签署战略合作协议，共同开发上海北外滩、新江湾等重点城市更新项目。
Annual & quarterly financial results年度与季度财务业绩
16 · 2024-01-19 → 2026-04-27
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Revenue, net profit, and EPS for annual and quarterly periods.年度及季度的营业收入、净利润和每股收益。
2024-01-192023 annual results: revenue RMB 347.147 billion (+23.49% YoY); net profit attributable to shareholders RMB 12.037 billion (-34.42% YoY); EPS RMB 1.01. Profit decline due to lower gross margin and asset impairment provisions.2023年度业绩快报：营业总收入3471.47亿元（同比+23.49%）；归母净利润120.37亿元（同比-34.42%）；基本每股收益1.01元。利润下降因结转毛利率下降及计提资产减值准备。
2024-02-01Poly Developments released 2023 preliminary results: total revenue about 347.147 billion yuan (+23.49% YoY); net profit attributable to shareholders about 12.036 billion yuan (-34.42% YoY); total assets about 1.4299 trillion yuan (-2.85% YoY).保利发展发布2023年业绩快报：营业总收入约3471.47亿元（同比+23.49%）；归母净利润约120.36亿元（同比-34.42%）；总资产约14299亿元（同比-2.85%）。
2024-04-22Poly Development released 2023 annual report: revenue CNY 346.828 billion (+23.42% YoY), net profit attributable to parent CNY 12.067 billion (-34.13% YoY); proposed cash dividend of CNY 0.41 per 10 shares (total ~CNY 4.865 billion).保利发展发布2023年年报：营业收入3468.28亿元（同比+23.42%），归母净利润120.67亿元（同比-34.13%）；拟每10股派发现金红利4.10元（合计约48.65亿元）。
2024-04-29Poly Development reported Q1 2024 results: revenue CNY 49.748 billion (+24.51% YoY), net profit attributable to parent CNY 2.224 billion (-18.28% YoY); contracted sales amount CNY 62.984 billion (-44.81% YoY); new starts 2.83 million sqm (+42.9% YoY).保利发展发布2024年一季报：营业收入497.48亿元（同比+24.51%），归母净利润22.24亿元（同比-18.28%）；签约金额629.84亿元（同比-44.81%）；新开工面积283万平方米（同比+42.9%）。
2024-07-11Poly Developments released H1 2024 preliminary results: revenue RMB 139.269 billion (+1.64% YoY); net profit attributable to shareholders RMB 7.508 billion (-38.57% YoY); operating profit RMB 13.948 billion (-27.73% YoY). Decline attributed to lower gross margin and lower equity ratio of delivered projects.保利发展发布2024年上半年业绩快报：营业总收入1392.69亿元（同比+1.64%）；归母净利润75.08亿元（同比-38.57%）；营业利润139.48亿元（同比-27.73%）。下降主因市场下行、结转毛利率下降及权益比例降低。
2024-08-19Poly Developments reported H1 2024 results: revenue 139.249B yuan (+1.66% YoY), net profit attributable to shareholders 7.42B yuan (-39.29% YoY).保利发展2024年上半年业绩：营业收入1392.49亿元（同比+1.66%），归母净利润74.2亿元（同比-39.29%）。
2024-10-28Poly Development reported Q3 2024 revenue of 43.525 billion yuan, down 21.62% YoY; net profit attributable to shareholders of 393 million yuan, down 63.31% YoY. Jan-Sep revenue was 182.774 billion yuan, down 5.06% YoY; net profit 7.813 billion yuan, down 41.23% YoY.保利发展2024年第三季度营业收入435.25亿元，同比下降21.62%；归母净利润3.93亿元，同比下降63.31%。前三季度营业收入1827.74亿元，同比下降5.06%；净利润78.13亿元，同比下降41.23%。
2025-01-17Poly Development released 2024 preliminary results: revenue 312.808 billion yuan (-9.83% YoY), net profit attributable to parent 5.016 billion yuan (-58.43% YoY), EPS 0.42 yuan (-58.11% YoY). Decline attributed to lower delivery scale, lower gross margin, and impairment provisions.保利发展发布2024年度业绩快报：营业总收入3128.08亿元（同比-9.83%），归母净利润50.16亿元（同比-58.43%），基本每股收益0.42元（同比-58.11%）。下降主因交付结转规模下降、毛利率下降及计提减值准备。
2025-04-28Poly Developments reported Q1 2025 results: revenue RMB 54.272 billion (+9.09% YoY), net profit attributable to shareholders RMB 1.951 billion (-12.27% YoY).保利发展发布2025年一季报：营业收入542.72亿元（同比+9.09%），归母净利润19.51亿元（同比-12.27%）。
2025-07-14H1 2025 preliminary results: revenue 116.797 billion yuan (down 16.12% YoY), net profit attributable to parent 2.735 billion yuan (down 63.15% YoY), due to lower project delivery scale and declining profitability.2025年上半年业绩预告：营业总收入1167.97亿元（同比下降16.12%），归母净利润27.35亿元（同比下降63.15%），因项目结转规模下降、盈利能力下滑。
2025-08-25Poly Development released 2025 half-year report: revenue 116.857 billion yuan (-16.08% YoY), net profit attributable to parent 2.711 billion yuan (-63.47% YoY), contracted sales 145.171 billion yuan (-16.25% YoY), completed delivery of 63,000 homes, operating cash inflow 16.017 billion yuan (turned positive), cash balance 138.562 billion yuan.保利发展发布2025年半年度报告：营业收入1168.57亿元（同比-16.08%），归母净利润27.11亿元（同比-63.47%），签约金额1451.71亿元（同比-16.25%），完成住宅交付6.3万套，经营活动现金净流入160.17亿元（由负转正），期末货币资金1385.62亿元。
2025-09-02At the briefing, management reported H1 2025 results: revenue declined due to lower project handover scale; gross profit from asset operations was about 500 million yuan; total profit was 9.908 billion yuan (-29.7% YoY); net profit attributable to parent was 2.71 billion yuan (-63.47% YoY); net assets attributable to parent were 198.2 billion yuan; total assets were 1.3054 trillion yuan.在说明会上，管理层报告2025年上半年业绩：营收因项目结转规模下降而减少；资产经营毛利约5亿元；利润总额99.08亿元（同比-29.7%）；归母净利润27.1亿元（同比-63.47%）；归母净资产1982亿元；总资产13054亿元。
2025-10-21Q3 2025 results: revenue 56.865 billion yuan, up 30.65% YoY; net loss attributable to shareholders 782 million yuan, down 299.19% YoY. Jan-Sep cumulative: revenue 173.722 billion yuan, down 4.95% YoY; net profit 1.929 billion yuan, down 75.31% YoY.2025年第三季度业绩：营业收入568.65亿元，同比增长30.65%；归母净利润亏损7.82亿元，同比下降299.19%。1-9月累计：营业收入1737.22亿元，同比下降4.95%；归母净利润19.29亿元，同比下降75.31%。
2026-01-19Poly Development released 2025 preliminary results: revenue ~308.261 billion yuan (-1.09% YoY), net profit attributable to parent 1.026 billion yuan (-79.49% YoY), core net profit 628 million yuan (-85.25% YoY). The company recorded ~6.9 billion yuan in asset impairment and credit impairment losses, reducing net profit by ~4.2 billion yuan. Excluding impairments, net profit was ~5.2 billion yuan, with Q4 contributing ~3.3 billion yuan.保利发展发布2025年度业绩快报：营业收入约3082.61亿元（同比-1.09%），归母净利润10.26亿元（同比-79.49%），扣非净利润6.28亿元（同比-85.25%）。公司计提资产及信用减值损失合计约69亿元，减少净利润约42亿元。剔除减值后归母净利润约52亿元，其中第四季度约33亿元。
2026-04-17Poly Development released 2025 annual results: revenue 308.144 billion yuan (-1.13% YoY), net profit attributable to shareholders 1.035 billion yuan (-79.31% YoY), basic EPS 0.09 yuan; proposed cash dividend of 0.35 yuan per 10 shares (tax incl.).保利发展发布2025年年报：营业收入3081.44亿元（同比-1.13%），归母净利润10.35亿元（同比-79.31%），基本每股收益0.09元；拟每10股派发现金红利0.35元（含税）。
2026-04-27Poly Development reported Q1 2026 results: revenue 45.73 billion yuan (-15.74% YoY), net profit attributable to shareholders 916 million yuan (-57.06% YoY), operating cash flow 8.673 billion yuan (+422.97% YoY).保利发展发布2026年一季报：营业收入457.3亿元（同比-15.74%），归母净利润9.16亿元（同比-57.06%），经营活动现金流净额86.73亿元（同比+422.97%）。
Dividend policy & distribution分红政策与分配
6 · 2024-01-19 → 2026-05-09
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Revised shareholder return plan with higher dividend payout ratio and actual distributions.提高分红比例的股东回报计划及实际分红实施。
2024-01-19Revised 2023-2025 shareholder return plan: cash dividend ratio raised to no less than 40% of net profit for each year (previously 25% for 2023, 20% for 2024-2025).修订《2023-2025年股东回报规划》：现金分红比例提升至不低于当年归母净利润的40%（此前2023年不低于25%，2024-2025年不低于20%）。
2024-07-23Poly Developments announced the 2023 annual cash dividend: RMB 0.41 per share (tax included), total distribution RMB 4.865 billion, record date July 29, 2024, ex-dividend date July 30, 2024.保利发展公告2023年度现金分红：每股派发现金红利0.41元（含税），合计派发48.65亿元，股权登记日2024年7月29日，除权除息日2024年7月30日。
2025-06-13Poly Developments announced a 2024 profit distribution plan: RMB 1.70 cash dividend per 10 shares (tax incl.), total payout ~RMB 2.017 billion, representing 40.33% of 2024 net profit attributable to shareholders.保利发展公布2024年度利润分配方案：每10股派发现金红利1.70元（含税），合计约20.17亿元，占归母净利润40.33%。
2025-08-14Poly Development announced 2024 annual profit distribution: cash dividend of 0.17 yuan per share (tax included), total approximately 2.017 billion yuan, ex-dividend date Aug 20, 2025; based on total shares minus 105,031,578 treasury shares.保利发展公布2024年度利润分配方案：每股派发现金红利0.17元（含税），合计约20.17亿元，除权除息日2025年8月20日；以总股本扣减回购专用账户股份1.05亿股为基数。
2026-03-10Poly Developments stated on its investor interaction platform that it has formulated and strictly implements a shareholder return plan with an annual cash dividend ratio of no less than 40%.保利发展在互动平台表示，公司已制定并严格执行《股东回报规划》，年度现金分红比例不低于40%。
2026-05-09Poly Developments released 2025 annual shareholder meeting materials: 2025 contracted sales RMB 253 billion (industry No.1 for 3 years), total interest-bearing debt reduced by RMB 7.7 billion, comprehensive financing cost 2.72% (down 38bp YoY), proposed dividend RMB 0.35 per 10 shares (total ~RMB 415 million, 40.14% of net profit), 2026 real estate direct investment plan RMB 166.4 billion.保利发展发布2025年年度股东会资料：2025年签约金额2530亿元（连续三年行业第一），有息负债压降77亿元，综合融资成本2.72%（较年初降38BP），拟每10股派0.35元（合计约4.15亿元，占归母净利润40.14%），2026年计划房地产直接投资1664亿元。
Share buyback & controlling shareholder increase股份回购与控股股东增持
8 · 2024-01-19 → 2024-12-12
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Share repurchase program and controlling shareholder's cumulative share increases.股份回购计划及控股股东的累计增持。
2024-01-19Controlling shareholder China Poly Group cumulatively increased holdings by 15.4 million A-shares (0.13% of total shares) for RMB 148.12 million, reaching 59.25% of the lower limit of the planned increase (RMB 250-500 million).实际控制人保利集团累计增持A股1540万股（占总股本0.13%），金额1.48亿元，达到增持计划下限（2.5-5亿元）的59.25%。
2024-01-22Controlling shareholder China Poly Group further increased holdings to 21.4 million A-shares (0.18% of total shares) for RMB 200.63 million, reaching 80.25% of the lower limit of the planned increase.实际控制人保利集团进一步增持至2140万股（占总股本0.18%），金额2.01亿元，达到增持计划下限的80.25%。
2024-01-31As of Jan 31, 2024, Poly Development had repurchased 52.4455 million A-shares (0.44% of total shares) for RMB 499.28 million, with repurchase price range of RMB 8.71-10.20 per share.截至2024年1月31日，保利发展累计回购A股5244.55万股（占总股本0.44%），支付资金总额4.99亿元，回购价格区间8.71-10.20元/股。
2024-02-01Poly Developments repurchased 52.4455 million shares (0.44% of total equity) via centralized竞价 trading from 2023 to Jan 31, 2024, at prices between 8.71 and 10.2 yuan per share, totaling about 499 million yuan.保利发展通过集中竞价交易方式累计回购公司股份5244.55万股（占总股本0.44%），回购价格区间8.71-10.2元/股，资金总额约4.99亿元。
2024-03-04As of Feb 29, 2024, Poly Development had repurchased 81.6296 million shares (0.68% of total equity) for a total of 783.2842 million yuan, with prices ranging from 8.71 to 10.20 yuan per share.截至2024年2月29日，保利发展已累计回购公司股份8162.96万股（占总股本0.68%），支付资金总额7.83亿元，成交价区间8.71-10.20元/股。
2024-03-06Poly Development's actual controller China Poly Group completed cumulative share increase of 26.7801 million shares (0.22% of total equity) with total amount of 250 million yuan, reaching the lower limit of the increase plan.保利发展实际控制人中国保利集团累计增持公司A股股份2678.01万股（占总股本0.22%），累计增持金额2.5亿元，已达增持计划金额下限。
2024-03-08Poly Development completed the buyback: cumulative repurchase of 105.0316 million shares (0.88% of total equity) at total cost of 1.001 billion yuan, average price 9.53 yuan/share; shares to be sold within 12 months after disclosure.保利发展回购期限届满，累计回购股份1.05亿股（占总股本0.88%），支付资金总额10.01亿元，回购均价9.53元/股；回购股份拟在披露后12个月内出售。
2024-12-12Poly Group, the actual controller of Poly Developments, completed its share increase plan, cumulatively buying 27.9801 million A-shares (0.23% of total) for 261 million yuan.保利发展实际控制人保利集团完成增持计划，累计增持公司A股股份2798.01万股（占总股本0.23%），增持金额2.61亿元。
Bond management & restructuring债券管理与重组
52 · 2024-01-22 → 2026-06-22
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Bond put options, call waivers, coupon rate adjustments, and redemptions.债券回售、赎回权放弃、票面利率调整及兑付。
2024-01-22Poly Development decided not to exercise the redemption option on its '21 Baoli 01' bond (RMB 1.63 billion, 3.68% coupon) and will cancel the full amount of the bond after full put-back by holders.保利发展决定不行使“21保利01”债券（16.30亿元，票面利率3.68%）的赎回权，持有人全额回售后将注销该债券。
2024-01-22Poly Development proposed to lower the coupon rate of '21 Baoli 03' bond (RMB 1 billion, 5-year) from 3.65% to 3.10% from the 4th year onward.保利发展拟将“21保利03”债券（10亿元，5年期）票面利率从3.65%下调至3.10%，自第4年起执行。
2024-02-01Poly Developments' '21 Bao Li 01' corporate bond (1.63 billion yuan) was fully exercised for put-option, redeemed on Jan 29, 2024, and will be delisted early from Shanghai Stock Exchange on Feb 8, 2024.保利发展“21保利01”公司债券（16.3亿元）被全额回售，2024年1月29日兑付回售本金及利息，2024年2月8日在上海证券交易所提前摘牌。
2024-02-19Poly Developments announced interest payment for '16 Bao Li 04' corporate bond (code 136234, 3 billion yuan, 10-year, coupon 4.19%) on Feb 26, 2024, covering the period Feb 25, 2023 to Feb 24, 2024.保利发展公告“16保利04”公司债券（代码136234，总额30亿元，10年期，票面利率4.19%）2024年付息，付息日为2024年2月26日。
2024-03-08Poly Development announced the result of '21 Poly 03' bond put: valid put amount 233.7 million yuan (233,700 lots), no resale by issuer, bonds to be cancelled.保利发展公告“21保利03”公司债券回售结果：回售有效登记数量23.37万手，回售金额2.337亿元，发行人不转售，债券注销。
2024-04-15Poly Development announced a put option for bond '21 Poly 05' (face value CNY 100), with registration period April 18-24, 2024, and payment date June 1, 2024.保利发展公告'21保利05'公司债券回售实施，回售登记期2024年4月18日至24日，回售资金兑付日2024年6月1日。
2024-04-17Poly Development decided not to exercise the call option on bond '21 Poly 05' at the end of year 3; the bond will continue for years 4-5 with the current coupon of 3.39%.保利发展决定不行使'21保利05'公司债券第3年末的赎回选择权，债券继续存续第4-5年，票面利率维持3.39%。
2024-05-29Poly Developments completed the '21 Poly 05' bond put exercise: 500,000 lots (500 million yuan) were put back, and the issuer decided not to resell, resulting in cancellation of the full amount.保利发展完成“21保利05”公司债券回售：回售登记数量50万手（5亿元），发行人决定不转售，全额注销。
2024-06-03Poly Developments decided not to exercise the redemption option on its '21 Poly 07' corporate bond (3.17% coupon), allowing it to continue for years 4-5.保利发展决定不行使“21保利07”公司债券赎回选择权，债券继续存续第4-5年。
2024-06-04Poly Developments announced the put option registration period for '21 Poly 07' bond (June 4-11), with put price at 100 yuan face value.保利发展公告“21保利07”债券回售登记期为2024年6月4日至6月11日，回售价格100元。
2024-06-12Poly Developments announced interest payment for '22 Poly Development MTN003A' (1.5 billion yuan, 2.95%) and '22 Poly Development MTN003B' (1 billion yuan, 3.38%) on June 17, 2024.保利发展公告“22保利发展MTN003A”（15亿元，利率2.95%）和“22保利发展MTN003B”（10亿元，利率3.38%）于2024年6月17日付息。
2024-06-17Poly Developments announced interest payment for '20 Poly 03' (0.1 billion yuan, 2.80%) and '20 Poly 04' bonds on June 22/24, 2024.保利发展公告“20保利03”（余额0.1亿元，利率2.80%）和“20保利04”债券于2024年6月22日/24日付息。
2024-06-21Poly Developments announced interest payment for '22 Poly 05' (3.00%) and '22 Poly 06' (3.40%) bonds on June 28, 2024.保利发展公告“22保利05”（利率3.00%）和“22保利06”（利率3.40%）债券于2024年6月28日付息。
2024-07-09Poly Developments paid interest on its 2022 4th tranche MTN (22 Poly Development MTN004, RMB 2 billion, 2.90%) of RMB 58 million on July 13, 2024.保利发展兑付2022年度第四期中期票据（22保利发展MTN004，20亿元，利率2.90%）利息5800万元，付息日2024年7月13日。
2024-07-09Poly Developments paid interest on its 2021 rental housing special corporate bond (21 Poly 07, RMB 600M, 3.17%) of RMB 31.70 per lot on July 16, 2024.保利发展兑付2021年住房租赁专项公司债券（21保利07，6亿元，利率3.17%）利息，每手派发31.70元，付息日2024年7月16日。
2024-07-12Poly Developments announced the result of the put option for '21 Poly 07' bonds: 218,000 lots (RMB 218 million) were put back, and the issuer will resell the bonds from July 16 to August 12, 2024.保利发展公告“21保利07”公司债券回售结果：回售登记数量21.8万手（2.18亿元），发行人决定转售，转售期2024年7月16日至8月12日。
2024-07-15Poly Developments announced interest payment for '22 Poly 07' (RMB 1.5B, 2.89%) and '22 Poly 08' (RMB 1.5B, 3.28%) bonds: interest of RMB 28.90 and RMB 32.80 per lot respectively, payable on July 22, 2024.保利发展公告“22保利07”（15亿元，利率2.89%）和“22保利08”（15亿元，利率3.28%）公司债券2024年付息，每手分别派发28.90元和32.80元，付息日2024年7月22日。
2024-07-19Poly Development announced the redemption of its 2024 2nd tranche short-term financing note (24 Poly Development CP002, RMB 2.5B, 2.43%, 180-day) on July 30, 2024.保利发展公告2024年度第二期短期融资券（24保利发展CP002，25亿元，利率2.43%，180天）兑付，兑付日2024年7月30日。
2024-11-07Poly Developments completed the redemption of its 2024 3rd short-term commercial paper (24 Poly Developments CP003, code 042480412), with a total amount of 2.5 billion yuan, due November 14, 2024.保利发展完成2024年度第三期短期融资券（24保利发展CP003，代码042480412）兑付，总额25亿元，到期日为2024年11月14日。
2025-03-03Poly Developments decided not to exercise the call option on its '22 Baoli 01' bond (RMB 500m, 5-year), and lowered the coupon rate by 61 bps to 2.35% for the remaining 2 years.保利发展放弃行使“22保利01”公司债券（5亿元，5年期）赎回选择权，并将后2年票面利率下调61个基点至2.35%。
2025-04-07Poly Developments completed the put-back of '22 Poly 01' corporate bonds, with a put amount of RMB 500 million, and the issuer chose not to resell, resulting in full cancellation.保利发展完成“22保利01”公司债券回售，回售金额5亿元，发行人决定不转售，全额注销。
2025-04-14Poly Developments announced the interest payment for '22 Poly 01' bonds: interest period 2024/4/21-2025/4/20, interest RMB 29.60 per lot (RMB 1,000 face value), payment date April 21, 2025.保利发展公告“22保利01”债券付息：计息期2024/4/21-2025/4/20，每手（面值1000元）派发利息29.60元，付息日2025年4月21日。
2025-04-16Poly Developments decided not to exercise the call option on '22 Poly 03' bonds and lowered the coupon rate for the last 2 years by 83 bps to 2.06% (effective 2025/6/1-2027/5/31).保利发展决定放弃行使“22保利03”债券赎回选择权，并将后2年票面利率下调83个基点至2.06%（2025/6/1-2027/5/31）。
2025-05-07Announced no exercise of call option on '20 Baoli 04' bond (3.78% coupon, maturity 2027); investors may put bonds back at par during May 12-16, 2025, with put payment on June 23, 2025.公告放弃行使“20保利04”债券赎回选择权（票面利率3.78%，2027年到期）；投资者可在2025年5月12-16日按面值回售，回售资金兑付日为2025年6月23日。
2025-05-09Announced coupon rate adjustment on '20 Baoli 04' bond: from 3.78% to 2.06% (-172bp) for the last 2 years (June 22, 2025 - June 21, 2027).公告“20保利04”债券票面利率调整：后2年（2025年6月22日至2027年6月21日）由3.78%下调172个基点至2.06%。
2025-05-09Completed put-back of '22 Baoli 03' bond: 1,290,000 lots (1.29B yuan) registered for put-back; issuer will not resell, bonds will be cancelled.完成“22保利03”债券回售：登记回售129万手（12.9亿元），发行人不转售，债券注销。
2025-05-16Announced no exercise of call option on '22 Baoli 05' bond; coupon rate for last 2 years (June 1, 2025 - May 31, 2027) adjusted from 3.00% to 1.98% (-102bp).公告放弃行使“22保利05”债券赎回选择权；后2年（2025年6月1日至2027年5月31日）票面利率由3.00%下调102个基点至1.98%。
2025-06-06Poly Developments decided to waive the call option on its '22 Poly 07' corporate bond, and offered a put option to investors with a registration period from June 11 to June 17, 2025.保利发展决定放弃行使“22保利07”公司债券赎回选择权，并实施回售，回售登记期为2025年6月11日至6月17日。
2025-06-10Poly Developments adjusted the coupon rate of its '22 Poly 07' corporate bond for the next 2 years (2025-2027) down by 89 bps to 2.00% from the original 2.89%.保利发展将“22保利07”公司债券后2年票面利率下调89个基点至2.00%（原为2.89%）。
2025-07-03Completed the put-back and cancellation of the '22 Poly 07' corporate bond (code 137528) with a registered put amount of 1.49 billion yuan; the issuer did not resell the bonds.完成“22保利07”公司债券（代码137528）回售及注销，回售金额14.9亿元；发行人不进行转售。
2025-07-08Announced the repayment arrangement for the 2 billion yuan '22 Poly Development MTN004' (code 102281528) due on July 13, 2025, with principal and interest of 2.058 billion yuan at a rate of 2.9%.公告“22保利发展MTN004”（代码102281528）兑付安排，债券余额20亿元，利率2.9%，本息兑付日2025年7月13日，应付本息20.58亿元。
2025-07-15Adjusted the coupon rate of '22 Poly 09' corporate bond from 2.80% to 2.00% for the last 2 years (Aug 26, 2025 to Aug 25, 2027), a reduction of 80 bps.将“22保利09”公司债券后2年（2025年8月26日至2027年8月25日）票面利率由2.80%下调80个基点至2.00%。
2025-08-15Poly Development announced a put option for its '20 Poly 06' corporate bond (issued 2020, 3rd tranche, tranche 2): holders may register to put the bond at par during Aug 19-25, 2025, with payment on Sep 29, 2025; issuer will not resell.保利发展发布'20保利06'公司债券回售实施公告：投资者可在2025年8月19日至25日登记回售，回售资金兑付日2025年9月29日，发行人不进行转售。
2025-08-18Poly Development lowered the coupon rate of its '20 Poly 06' corporate bond by 208 bps from 4.18% to 2.10% for the last 2 years (Sep 29, 2025 to Sep 28, 2027), effective from the 5th year-end.保利发展将'20保利06'公司债券后2年票面利率下调208个基点，由4.18%调整为2.10%，自2025年9月29日至2027年9月28日生效。
2025-08-19Poly Development announced interest payment for its '22 Poly 10' corporate bond (code 137623, issued 2022, 5th tranche, tranche 2), total 300 million yuan, coupon rate 3.40%, payment date Aug 26, 2025.保利发展宣布'22保利10'公司债券（代码137623，发行总额3亿元，票面利率3.40%）2025年付息事宜，付息日2025年8月26日。
2025-08-21Poly Development announced the result of the put option for its '22 Poly 09' corporate bond (code 137622): 625,000 lots (625 million yuan) were registered for put, and the issuer will not resell; the bonds will be cancelled.保利发展公布'22保利09'公司债券回售实施结果：回售登记数量625,000手（6.25亿元），发行人不进行转售，债券将注销。
2025-09-03Poly announced interest payment for bonds '24 Poly 06' and '24 Poly 07' on September 10, 2025, covering the period from September 10, 2024 to September 9, 2025.保利发展公告“24保利06”、“24保利07”将于2025年9月10日付息，计息期为2024年9月10日至2025年9月9日。
2025-11-03Poly Developments decided to waive the redemption right on '22 Poly 11' corporate bond and cut the coupon rate by 40 bps to 1.90% for the final 2 years (Dec 2025 - Dec 2027).保利发展决定放弃行使“22保利11”公司债券赎回选择权，并将后2年票面利率下调40个基点至1.90%。
2025-11-24Poly Developments announced interest payment arrangement for '22 Poly Development MTN006B'.保利发展发布“22保利发展MTN006B”2025年付息安排公告。
2025-11-27Poly Developments announced results of '22 Poly 11' bond put option: valid put volume 1,500,000 lots (1.5B yuan), issuer will not resell, total cancellation 1.5B yuan, payment date Dec 15, 2025.保利发展公告“22保利11”公司债券回售结果：有效回售150万手（15亿元），发行人不转售，注销金额15亿元，兑付日2025年12月15日。
2025-12-16Poly Development decided not to exercise the redemption option on '21 Poly 02' corporate bonds, allowing the bonds to continue for years 6-7.保利发展决定不行使“21保利02”公司债券赎回选择权，债券继续存续第6-7年。
2025-12-16Full repurchase of '22 Poly 11' corporate bonds (1.5 billion yuan) completed; bonds to be delisted from Shanghai Stock Exchange on December 25, 2025.“22保利11”公司债券全额回售（15亿元）完成，将于2025年12月25日在上交所提前摘牌。
2025-12-26Repurchase of '21 Poly 02' corporate bonds: 900 million yuan principal registered for repurchase, company decided not to resell, bonds to be cancelled.“21保利02”公司债券回售登记金额9亿元，公司决定不转售，债券注销。
2026-01-21Poly Development announced the implementation of the put option for its '21 Bao Li 04' corporate bond, with investors able to register for put-back during the specified period.保利发展发布“21保利04”公司债券回售实施公告，投资者可在回售登记期内进行登记。
2026-01-23Poly Development announced it will waive the call option for its '21 Bao Li 04' corporate bond and adjust the coupon rate for the remaining 2 years; investors have the right to put back the bonds at face value.保利发展公告放弃行使“21保利04”公司债券赎回选择权，并调整后2年票面利率，投资者有权回售债券。
2026-01-30Poly Development announced the early delisting of its '21 Bao Li 02' corporate bond (code 175727) on February 4, 2026, following full put-back of 900 million yuan at 100 yuan per bond. The company paid the put-back funds and interest on January 29, 2026.保利发展公告“21保利02”公司债券（代码175727）因全额回售9亿元，将于2026年2月4日提前摘牌，公司已于1月29日发放回售资金及利息。
2026-03-05Poly Developments announced the redemption and delisting of the '21 Bao Li 03' corporate bond, with interest and principal payment details for 2026.保利发展发布关于“21保利03”公司债券2026年本息兑付及摘牌公告。
2026-03-26Poly Developments announced the 2026 interest payment for its '24 Bao Li 04' corporate bond, coupon rate 2.99%, paying RMB 29.90 per RMB 1,000 face value, record date April 1, 2026, payment date April 2, 2026.保利发展发布“24保利04”公司债券2026年付息公告，票面年利率2.99%，每手面值1000元派发利息29.90元，债权登记日2026年4月1日，付息日2026年4月2日。
2026-04-14Poly Development announced it will not exercise the call option on its '23 Baoli 02' corporate bond, and will adjust the coupon rate for the remaining 2 years; investors may put the bond back at face value.保利发展公告放弃行使“23保利02”公司债券赎回选择权，并调整后2年票面利率；投资者可选择回售。
2026-04-23Poly Development announced the put exercise result for '23 Baoli 02' corporate bond: total put amount 1.5 billion yuan at 100 yuan per bond, with no subsequent resale; bonds to be cancelled.保利发展公布“23保利02”公司债券回售实施结果：回售金额15亿元，回售价格100元/张，不进行转售，债券注销金额15亿元。
2026-06-03Poly Developments announced it will waive the redemption option on its '21 Poly 08' corporate bond and adjust the coupon rate.保利发展公告放弃行使“21保利08”公司债券赎回选择权，并调整票面利率。
2026-06-22Poly Developments announced interest payment for its 2024 5th green medium-term note (24 Poly Development MTN005 Green, RMB 600 million, 3-year, 2.34% coupon) on June 24, 2026, with total interest of RMB 14.04 million.保利发展公告“24保利发展MTN005（绿色）”中期票据（发行金额6亿元，期限3年，利率2.34%）于2026年6月24日付息，应付利息1404万元。
Asset disposal & equity transfer资产处置与股权转让
19 · 2024-01-29 → 2025-12-03
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Listing and sale of equity stakes in subsidiaries and project companies.挂牌转让子公司及项目公司股权。
2024-01-29Poly Development (Changchun) Hengfu Real Estate, a wholly-owned subsidiary, listed 51% equity of Changchun Zhongjin Huatai Real Estate for transfer at Beijing Equity Exchange.保利发展全资子公司保利（长春）恒富房地产在北京产权交易所挂牌转让长春中金华泰房地产开发有限公司51%股权。
2024-03-01Poly Development listed a 43.9% stake in Hopefluent China Real Estate Consulting Co., Ltd. for transfer at a base price of 50.1303 million yuan.保利发展挂牌转让合富辉煌（中国）房地产顾问有限公司43.9%股权，转让底价为5013.03万元。
2024-05-22Poly Developments (via subsidiary Poly Huaihai Real Estate) listed for sale 45% equity and ~137 million yuan creditor's rights in Xuzhou Mingchuang Real Estate, with total reserve price ~159 million yuan.保利发展（通过全资附属公司保利淮海房地产）挂牌转让徐州铭创置业45%股权及约1.37亿元债权，转让底价约1.59亿元。
2024-05-27Poly Developments (via subsidiary Poly Beijing Real Estate) listed for sale 100% equity and related creditor's rights of Beijing Litong Real Estate, with reserve price 2.5 billion yuan (equity ~755 million yuan, debt ~1.745 billion yuan).保利发展（通过全资附属公司保利北京房地产）挂牌转让北京利通房地产100%股权及相关债权，转让底价25亿元（股权约7.55亿元，债权约17.45亿元）。
2024-06-27Poly Developments' subsidiary Liaoning Poly Industrial listed its 50% stake in Shenyang Jindi Fenghua Real Estate for transfer at Beijing Equity Exchange, starting June 27.保利发展子公司辽宁保利实业挂牌转让沈阳金地风华地产50%股权，预披露起始于6月27日。
2024-08-26Poly Developments listed 49% equity of Changzhou Jinyuesheng Real Estate for sale at a base price of ~506M yuan; the company holds the Changzhou Taoli Dongfang project.保利发展挂牌转让常州金悦晟房地产开发有限公司49%股权，底价约5.06亿元，该公司持有常州桃李东方项目。
2024-08-30Poly Developments listed 50% equity of Foshan Xinya Real Estate for sale at a base price of 75M yuan; the company co-develops projects with Country Garden.保利发展挂牌转让佛山信雅房地产有限公司50%股权，底价7500万元，该公司与碧桂园合作开发项目。
2024-09-14Poly Developments listed a 51% equity stake in Changchun Zhongjinhua Tai Real Estate Development Co., Ltd. for transfer at a base price of RMB 1.292 million.保利发展挂牌转让长春中金华泰房地产开发有限公司51%股权，底价129.2万元。
2024-11-28Poly Development's subsidiary Liaoning Poly Industrial listed 50% equity of Shenyang Jindi Fenghua Real Estate Development Co., Ltd. for transfer at a base price of 61.0814 million yuan.保利发展附属公司辽宁保利实业挂牌转让沈阳金地风华房地产开发有限公司50%股权，底价6108.14万元。
2024-12-01Poly (Beijing) Real Estate Development Co., Ltd. listed 100% equity of Beijing Poly Tong Real Estate Development Co., Ltd. and related claims for transfer at a base price of about 965 million yuan.保利（北京）房地产开发有限公司挂牌转让北京保利通房地产开发有限公司100%股权及相关债权，底价约9.65亿元。
2024-12-03Poly (Chengdu) Real Estate Development Co., Ltd. listed 100% equity of Chengdu Baoyuan Taihe Real Estate Development Co., Ltd. and related claims for transfer at a base price of about 1.56 billion yuan.保利（成都）房地产开发有限公司挂牌转让成都市保源泰和房地产开发有限公司100%股权及相关债权，底价约15.60亿元。
2024-12-10Poly (Dalian) Real Estate Development Co., Ltd. listed shares of three project companies (Dalian Jinbao, Dalian Jinrui, Dalian Jinxi) for transfer at a total base price of 17.2 million yuan.保利（大连）房地产开发有限公司挂牌转让大连金保、大连金瑞、大连金玺3家项目公司所持股份，底价合计1720万元。
2024-12-12Shanghai Poly City Development Co., Ltd. listed 51% equity of Shanghai Poly Ai Elderly Care Service Co., Ltd. for transfer at a base price of 610,000 yuan.上海保利城市发展有限公司挂牌转让上海保爱养老服务有限公司51%股权，转让底价61万元。
2025-01-02Jiangsu Poly Ningyuan Real Estate Development, a wholly-owned subsidiary of Poly Development, listed 50% equity of Nanjing Xueshang Real Estate for transfer at a base price of 20.5268 million yuan.保利发展全资子公司江苏保利宁远房地产开发有限公司挂牌转让南京学尚置业有限公司50%股权，转让底价2052.68万元。
2025-03-21Poly Developments and China Merchants Shekou jointly listed for transfer their respective 33% stakes in Nanjing Huilong Real Estate Co., Ltd., each at a base price of RMB 19.8 million.保利发展与招商蛇口同时挂牌转让各自持有的南京汇隆房地产有限公司33%股权，底价均为1980万元。
2025-04-11Poly Developments listed for sale its 49% stake in Taiping Poly Investment Management Co., Ltd. at a base price of RMB 10 million.保利发展挂牌转让太平保利投资管理有限公司49%股权，转让底价1000万元。
2025-08-08Poly Development (Shandong) Co., Ltd. listed 80% equity of Qingdao Guangsheng Real Estate Development Co., Ltd. for transfer at a base price of 6.93744 million yuan, deadline Sep 1, 2025; the target developed Licang Poly Xiangxueshan project.保利发展（山东）有限公司挂牌转让青岛广升置业有限公司80%股权，转让底价693.744万元，披露结束日期2025年9月1日；标的企业开发了李沧保利香雪山项目。
2025-10-09Poly Southern will transfer 4.512 billion shares (37.69% of total) to Poly Group free of charge. After the transfer, Poly Group directly holds 40.72% and becomes the controlling shareholder; Poly Southern no longer holds shares. The actual controller remains Poly Group.保利南方将其持有的45.12亿股（占总股本37.69%）无偿划转至保利集团。划转后，保利集团直接持股40.72%，成为控股股东；保利南方不再持股。实际控制人仍为保利集团。
2025-12-03Controlling shareholder Poly Southern Group completed the free transfer of 4,511,874,673 shares (37.69% of total) to actual controller China Poly Group, making Poly Group the direct controlling shareholder with 40.72% stake.控股股东保利南方集团完成向实际控制人中国保利集团无偿划转4,511,874,673股（占总股本37.69%），保利集团直接持股40.72%，成为直接控股股东。
Regulatory & legal matters监管与法律事务
13 · 2024-02-20 → 2026-06-09
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Regulatory visits, penalties, lawsuits, and tax arrears.监管调研、处罚、诉讼及欠税。
2024-02-20Subsidiary Taiyuan Lijin Real Estate Development Co., Ltd. (indirectly controlled by Poly Developments) was fined 4,000 yuan by Taiyuan Urban Management Bureau for failing to file fire protection for the sales office of Poly Puyue (Nanyan Village urban renovation) project.保利发展间接控股子公司太原利晋房地产开发有限公司因保利璞悦（南堰村城中村改造）项目售楼处消防未备案，被太原市城乡管理局罚款4000元。
2024-03-06Guangdong regulators (CSRC Guangdong Bureau, provincial finance office, housing department, etc.) jointly visited Poly Development for field research to support listed companies.广东证监局、广东省委金融办、广东省住建厅等部门联合走访保利发展，开展实地调研，支持上市公司发展。
2024-06-05Poly Developments faced a new lawsuit (case no. (2024) Yue 0105 Min Chu 7540) filed by Zhaoqing High-tech Zone Changyu Building Materials Co., Ltd. for a sales contract dispute at Guangzhou Haizhu District People's Court.保利发展新增一件法院诉讼（案号(2024)粤0105民初7540号），原告肇庆高新区长裕建材有限公司以买卖合同纠纷起诉。
2024-10-29Poly Development was involved in a construction contract dispute as defendant; the court ruled the plaintiff withdrew the lawsuit (Case No. (2024) Yue 0605 Min Chu 14116).保利发展作为被告涉及一起建设工程合同纠纷，法院裁定原告撤回起诉（案号：(2024)粤0605民初14116号）。
2024-10-31Poly Development was involved in another construction contract dispute as defendant (Case No. (2024) E 0105 Min Chu 1876).保利发展作为被告涉及另一起建设工程施工合同纠纷（案号：(2024)鄂0105民初1876号）。
2024-10-31A consumer complaint against Poly Development Baotou subsidiary for alleged false advertising in pre-sale of ordinary housing was filed; no settlement was reached.保利发展包头子公司因普通住宅预售涉嫌虚假宣传被消费者投诉，调解未达成协议。
2024-12-05Poly Developments was sued by Chongqing Meixin Maisen Door Industry Co., Ltd. for construction contract dispute; the court ruled the plaintiff withdrew the case.保利发展作为被告涉及建设工程施工合同纠纷，原告重庆美心麦森门业有限公司撤诉。
2025-01-16Poly Development was listed with a new tax arrears notice for land value tax of 296 million yuan, owed to Guangzhou Tax Service, Third Tax Branch.保利发展新增欠税公告，欠税余额2.96亿余元，税种为土地增值税，税务机关为广州市税务局第三税务分局。
2025-02-12New court case filed: construction subcontract dispute (case no. (2025) Su 0812 Min Chu 1930) at Huai'an Qingjiangpu People's Court, with Poly Development as defendant.新增法院诉讼：建设工程分包合同纠纷（案号(2025)苏0812民初1930号），淮安市清江浦区人民法院，保利发展为被告。
2025-03-04Poly Development Holding Group Co., Ltd. was listed as an enforcement target by Guangzhou Haizhu District Court for an amount of just over RMB 60,000.保利发展控股集团股份有限公司被广州市海珠区法院列为被执行人，被执行金额仅6万多元。
2025-11-25Six special accounts for convertible bond proceeds were briefly frozen due to a cooperation contract dispute with Guangzhou Baili Investment and Guangzhou Honglang Property (claim 177.5244M yuan); frozen amount 94,220.38 yuan (0.0011% of net proceeds); unfrozen after replacement with own funds.保利发展6个可转债募集资金专项账户因与广州百利投资、广州弘塱置业的合作合同纠纷被短暂冻结（诉请金额1.775亿元），冻结资金9.42万元（占募集资金净额0.0011%），经自有资金置换后已解冻。
2026-03-16Poly Developments' subsidiary Shaanxi Poly Real Estate was fined RMB 80,097.6 by the Xixian New Area Market Supervision Bureau for false advertising and illegal pre-sale promotion of the Yungu Hezhu project.保利发展旗下陕西保利房地产开发有限公司因云谷和著项目虚假宣传及违规预售宣传，被西咸新区市场监督管理局处以80097.6元罚款。
2026-06-09Poly Developments was named as a defendant in a pre-sale contract dispute case (case No. (2026) Hu 0117 Min Chu 15838) filed by three plaintiffs, scheduled for hearing on July 20, 2026 at Shanghai Songjiang District People's Court.保利发展因商品房预售合同纠纷成为被告，案号（2026）沪0117民初15838号，原告为邱某等三人，开庭日期2026年7月20日，审理法院为上海市松江区人民法院。
Commercial & tourism operations商业与旅游运营
6 · 2024-02-23 → 2025-11-26
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Holiday performance, commercial brand launches, and partnership with Yueshi Group.节假日经营数据、商业品牌发布及与粤式集团合作。
2024-02-23During the 8-day Spring Festival holiday (2024), Poly Commercial Tourism received over 11 million visitors; commercial projects saw footfall +22% and sales +20% YoY; hotel revenue +20% YoY, average room rate +13% YoY; Poly Haizhu Wetland footfall +22% YoY.2024年春节8天假期，保利商旅接待消费者超1100万人次；商业项目客流增长22%、销售增长20%；酒店项目总收入同比增长20%，平均房价同比提升13%；保利海珠湿地客流同比增长22%。
2024-05-13Poly Developments officially launched the 'Humanistic Service' service concept and new sub-brands: Poly Heyu apartment brand and Poly Time commercial brand, integrating humanistic spirit into products and services.保利发展正式发布“人文服务”服务理念及服务序列全新子品牌：保利和寓公寓品牌、保利时光系商业品牌，将人文精神注入产品与服务中。
2024-07-10Poly Commercial & Tourism signed a cooperation agreement with Yueshi Group to operate the Yunshan Fengjing commercial project in Danzao, Foshan, covering about 63,000 sqm of shopping center and street retail under the 'Time' series, expected to open in 2025.保利商旅与越时集团签约，整体招商运营佛山丹灶云山峰境商业项目，涵盖约6.3万平方米购物中心及街区商业，打造保利“时光系”项目，预计2025年开业。
2024-08-03Poly Developments Beijing subsidiary launched the 'Poly Plaza · New Block' commercial brand, positioning it as a high-quality social hub along Metro Line 14, with tenants including Da Dong, Starbucks, Yum China, etc.保利发展北京公司发布保利广场·新座商业品牌，定位为14号地铁沿线高品质社交场景，引入大董、星巴克、百胜中国等品牌。
2025-10-22Poly Time (Beijing) opened in Changping Future Science City, the first 'Time' product in Beijing, a TOD commercial project with over 70 brands including Hema, MUJI, and Decathlon, targeting annual sales of hundreds of millions of yuan.北京保利时光里在昌平未来科学城开业，为“时光里”产品首次进入北京，TOD商业项目，引入盒马、MUJI、迪卡侬等70余家品牌，预计年销售额达数亿元。
2025-11-26Poly Developments stated that the commercial mall of Changsha North Center Poly Times project is planned to start construction by Dec 30, 2025 and open in June 2029.保利发展表示长沙北中心保利时代项目配套商业Mall计划于2025年12月30日前动工，2029年6月开业。
Shareholder & capital actions股东与资本行动
6 · 2024-02-28 → 2025-07-02
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Major shareholder stake reduction, private placement update, and valuation plan.大股东减持、定增进展及估值提升计划。
2024-02-28Poly Developments stated that its private placement (dingzeng) approval remains valid until June 2024, and the company will decide on launch based on market conditions.保利发展表示定增批文有效期至2024年6月，后期视市场情况择机启动。
2024-06-27Poly Developments announced that shareholder Taikang Life and its concert party reduced their stake from 7.35% to 6.08% through cumulative transfers of 143,143,483 shares since Feb 2017.保利发展公告股东泰康人寿及其一致行动人自2017年2月累计转让1.43亿股，持股比例从7.35%降至6.08%。
2024-08-01Taikang Life Insurance and its concert party reduced their stake in Poly Developments from 7.3450% to 4.9999% via block and centralized bidding trades since Feb 2017.泰康人寿及其一致行动人自2017年2月起通过集中竞价和大宗交易减持保利发展股份，持股比例从7.3450%降至4.9999%。
2025-02-25Stock closed below book value per share for 12 consecutive months; board approved valuation enhancement plan including stable operations, potential buybacks, shareholding increases, and interim dividend in 2025.股票连续12个月收盘价低于每股净资产；董事会审议通过估值提升计划，包括稳经营、适时回购增持、2025年实施中期分红等。
2025-03-27Poly Developments disclosed it has formulated a market value management system and a valuation enhancement plan, which was recently published.保利发展披露已制定市值管理制度和估值提升计划，该计划已于近日披露。
2025-07-02Shareholders approved the 2024 profit distribution plan and the registration and issuance of up to 10 billion yuan in medium-term notes.股东大会审议通过2024年度利润分配方案及注册发行不超过100亿元中期票据的议案。
Green & ESG initiatives绿色与ESG举措
13 · 2024-03-12 → 2026-06-23
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Carbon neutrality cooperation, green bond issuance, and ESG index inclusion.碳中和合作、绿色债券发行及ESG指数纳入。
2024-03-12Poly Development and Beijing Green Exchange signed a 'carbon neutrality' strategic cooperation agreement; 5 projects received carbon neutrality certificates.保利发展与北京绿色交易所签署“碳中和”战略合作协议，5个项目获颁碳中和证书。
2024-08-20Poly Developments was selected for the Hang Seng A-share Sustainable Development Enterprise Benchmark Index, recognizing its ESG performance.保利发展入选恒生A股可持续发展企业基准指数，ESG表现获认可。
2024-11-21The Shanghai Stock Exchange accepted the 'CITIC Construction Investment - Poly Developments Commercial Property 2024 Series 1 Green Asset Support Special Plan (Carbon Neutrality)' with a total amount of 1.637 billion yuan, issuer Poly (Beijing) Real Estate Development Co., Ltd.上交所受理“中信建投-保利发展商用物业2024年第1期绿色资产支持专项计划（碳中和）”，总额16.37亿元，发行人为保利（北京）房地产开发有限公司。
2024-12-12CITIC Jian Tou-Poly Development Commercial Property 2024 Phase 1 Green Asset-Backed Special Plan (Carbon Neutrality) received feedback from Shanghai Stock Exchange, with planned issuance of 1.637 billion yuan.中信建投-保利发展商用物业2024年第1期绿色资产支持专项计划（碳中和）获上交所反馈，拟发行总额16.37亿元。
2025-06-23Poly Developments announced the establishment of the 'CITIC Jian Tou - Poly Development Commercial Property Phase 1 Green Asset-Backed Special Plan (Carbon Neutral)', raising RMB 1.594 billion, with senior notes of RMB 1.354 billion at 2.50% and subordinated notes of RMB 240 million.保利发展“中信建投-保利发展商用物业第1期绿色资产支持专项计划（碳中和）”正式成立，实际收到资金15.94亿元，优先级13.54亿元票面利率2.50%。
2025-08-05Poly Development was selected as a 2025 Enterprise ESG Annual Excellent Practice Case at the 2025 China Entrepreneur Sun Island Summit; it built a 'real estate carbon emission management model' expected to reduce carbon emissions by 7.5-8 million tonnes over the 50-year lifecycle of new buildings in 2024.保利发展在2025中国企业家太阳岛年会上入选2025企业ESG年度卓越实践案例；构建'房地产碳排放管理模型'，预计2024年新建建筑在50年全生命周期内可实现碳减排750万至800万吨。
2025-10-16CICC-Poly Developments commercial holding-type ABS project status updated to 'feedback received' on Shanghai Stock Exchange, with proposed fundraising of 2.236 billion yuan, initiated by Guangdong Poly Commercial Development Co., Ltd.中金-保利发展商业持有型不动产ABS项目状态更新为“已反馈”，拟募资22.36亿元，由广东保利商业发展有限公司发起。
2025-12-04Shanghai Stock Exchange approved the 'CICC-Poly Development Commercial Held-Type Real Estate Asset-Backed Special Plan' with an issuance amount of 1.658 billion yuan.上交所通过“中金-保利发展商业持有型不动产资产支持专项计划”，拟发行金额16.58亿元。
2026-01-31The Shanghai Stock Exchange disclosed the first batch of 5 commercial real estate REITs, including 'Huaxia Poly Development Closed-end Commercial Real Estate Securities Investment Fund' with Guangzhou Poly Center and Foshan Poly Water City as assets, expected to raise 2.093 billion yuan.上交所披露首批5支商业不动产REITs，其中“华夏保利发展封闭式商业不动产证券投资基金”以广州保利中心、佛山保利水城为资产，预计募集规模20.93亿元。
2026-02-26Poly Development's first public REIT, 'Huaxia Poly Development Closed-End Commercial Real Estate Securities Investment Fund', receives feedback from Shanghai Stock Exchange; the underlying assets are Poly Center in Guangzhou and Poly Water City Shiguanghui in Foshan, with an estimated project value of 2.038 billion yuan and expected fundraising size of 2.093 billion yuan.保利发展首单公募REITs“华夏保利发展封闭式商业不动产证券投资基金”获上交所反馈，底层资产为广州保利中心和佛山保利水城时光汇，项目估值20.38亿元，预计募集规模20.93亿元。
2026-04-20Poly Development's infrastructure public REIT project 'Huaxia Poly Development Closed-end Commercial Real Estate Securities Investment Fund' (manager: China Asset Management, proposed amount 2.093 billion yuan) updated to 'feedback received' on SSE.保利发展作为原始权益人的基础设施公募REITs项目“华夏保利发展封闭式商业不动产证券投资基金”（计划管理人华夏基金，拟发行金额20.93亿元）状态更新为“已反馈”。
2026-06-22The China Securities Regulatory Commission approved the registration of 'Huaxia Poly Developments Closed-end Commercial Real Estate Securities Investment Fund' (Huaxia Poly Commercial REIT), a 32-year closed-end fund with 500 million units, based on Guangzhou Poly Center and Foshan Poly Water City assets; this is the first state-owned enterprise commercial REIT.中国证监会准予注册“华夏保利发展封闭式商业不动产证券投资基金”（华夏保利商业REIT），基金合同期限32年，募集份额5亿份，底层资产为广州保利中心和佛山保利水城；为首单央企商业不动产REITs。
2026-06-23Huaxia Poly Commercial REIT announced its inquiry period on June 26, 2026, with an inquiry range of RMB 3.593 to 4.392 per unit; total offering 500 million units, with 70% (350 million units) initially placed to strategic investors.华夏保利商业REIT发布询价公告，询价期间为6月26日9:00-15:00，询价区间3.593元/份-4.392元/份，发售总份额5亿份，初始战略配售占比70%。
Executive & board changes高管与董事会变动
17 · 2024-03-12 → 2026-05-14
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Resignations, appointments, and board committee changes.高管辞职、任命及董事会专门委员会调整。
2024-03-12Poly Development's deputy Party secretary and director Hu Zai Xin resigned and was transferred to Poly Property as general manager.保利发展党委副书记、董事胡在新辞任，调任保利置业任总经理。
2024-08-08Poly Developments' vice general manager Liu Yingchuan resigned due to job adjustment, effective immediately, and will no longer hold any position in the company or its subsidiaries.保利发展副总经理刘颖川因工作调整辞职，辞职后不再担任公司及下属子公司任何职务。
2024-11-04Poly Developments held the 8th interim board meeting and approved a proposal to re-elect members of the board's special committees.保利发展召开2024年第8次董事会临时会议，审议通过了《关于改选公司董事会专门委员会委员的议案》。
2024-11-13Poly Developments adjusted several senior management positions: Zhang Liang transferred from investment center GM to overseas company; Wang Yingnan from overseas company GM to operations management center GM; Tang Shilin from industry management center GM to Yuezhong company GM.保利发展调整多位高管岗位：张亮从投资中心总经理调任海外公司；王英男从海外公司总经理调任运营管理中心总经理；唐诗林从产业管理中心总经理调任粤中公司总经理。
2024-11-18Poly Developments' vice general manager Zhang Wei resigned due to job adjustment.保利发展副总经理张伟因工作调整辞去职务。
2024-12-27Poly Developments announced the resignation of director and general manager Zhou Dongli due to job adjustment, effective immediately.保利发展公告董事、总经理周东利因工作调整原因辞职，辞职后不再担任任何职务。
2025-01-19Poly Development appointed Wu Jinsong (former GM of Group Product R&D Center) as GM of Poly Shanghai, replacing Fu Xiaojun who became Chairman of Poly Zhejiang. Other regional GM changes also announced.保利发展任命原集团产研中心总经理吴劲松为保利上海公司总经理，原上海总经理傅小君任保利浙江公司董事长，另有其他区域总经理调整。
2025-01-27Poly Development board approved the nomination of Tong Yunxiang as non-independent director candidate to replace Chen Yuwen who retired.保利发展董事会审议通过提名童云翔为非独立董事候选人，接替因退休辞职的陈育文。
2025-02-25Announced first extraordinary general meeting of 2025 on March 13 to elect directors.公告将于2025年3月13日召开第一次临时股东大会，审议选举公司董事等议案。
2025-03-14Poly Developments appointed Pan Zhihua as general manager, replacing Zhou Dongli who resigned in Dec 2024; Pan is the youngest GM in the company's history at age 45.保利发展聘任潘志华为总经理，接替2024年12月辞职的周东利；潘志华现年45岁，为公司历史上最年轻的总经理。
2025-03-14Poly Developments' board approved the election of a new director and the change of audit committee members at the 2025 first extraordinary general meeting.保利发展董事会审议通过了选举公司董事及改选董事会审计委员会委员等议案。
2025-03-14Li Hongliang, former deputy GM (presiding) of Poly Developments' board office, was transferred to GM of Poly Beijing Company.原保利发展董事会办公室副总经理（主持工作）李红亮调任保利发展北京公司总经理。
2025-05-20Board nominated Peng Yi as non-independent director candidate to replace Yu Xiaodong who resigned; to be voted at AGM.董事会提名彭祎为非独立董事候选人，接替辞职的於骁冬；将提交股东大会审议。
2025-08-08Poly Development appointed Wu Lanyu (currently chairman and executive director of Poly Property Services) as vice general manager, effective from the 8th board meeting on Aug 8, 2025.保利发展聘任吴兰玉（现任保利物业董事长、执行董事）为公司副总经理，自2025年8月8日第8次董事会审议通过之日起生效。
2025-12-13Former Vanke Shanghai regional design director Cai Liang joined Poly Development as deputy GM of Shanghai company, strengthening product capabilities in the high-end market.原万科上海区域设计总蔡亮加盟保利发展担任上海公司副总经理，强化高端市场产品力。
2026-01-04Poly Development announced a batch of personnel appointments and organizational upgrades at headquarters and multiple city companies, including promotions for Wang Wei and Wen Ling to principal leadership positions, and transfers of Li Yuanyuan, Chen Xiaoming, and Wang Nannan to deputy general manager roles in the Bay Area.保利发展在总部及多个城市公司宣布新一批人事任命和组织升级，包括王伟、文灵拟提名为企业领导人员正职人选，李媛媛、陈小明、王南南调任湾区副总。
2026-05-14Poly Developments announced the resignation of director Tong Yunxiang due to retirement, effective immediately; he will no longer hold any position in the company.保利发展公告董事童云翔因退休辞去董事及董事会专门委员会职务，辞职后将不再担任公司任何职务。
Credit rating & rating actions信用评级与评级行动
4 · 2024-04-11 → 2026-03-20
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Credit rating affirmations, withdrawals, and outlooks.信用评级确认、撤销及展望。
2024-04-11Poly Development announced that all outstanding USD-denominated offshore bonds (total USD 2.5 billion issued from 2013-2019) have been fully repaid; it will retain only one of three international rating agencies for entity rating as no further offshore bond issuance is planned.保利发展公告，2013-2019年累计发行的25亿美元境外债券已全部按期兑付结清；因近期无境外发债计划，将在三家国际评级机构中保留一家提供主体信用评级。
2024-04-12Moody's withdrew Poly Development's 'Baa2' issuer rating and its subsidiary Hengli (Hong Kong) Real Estate's 'Baa3' issuer rating.穆迪撤销保利发展'Baa2'发行人评级及其子公司恒利（香港）置业'Baa3'发行人评级。
2024-05-24China Chengxin International affirmed Poly Developments' 2023 issuer credit rating at 'AAA/stable', citing strong shareholder support from China Poly Group, leading industry position, ample land reserves, and prudent financial policies.中诚信国际给予保利发展2023年度主体信用评级为“AAA/稳定”，认为其实际控制人保利集团股东背景雄厚、行业地位领先、土地储备充足、财务政策稳健。
2026-03-20S&P affirmed Poly Developments' 'BBB' long-term issuer credit rating and Hengli (Hong Kong) Real Estate's 'BBB-' rating, with stable outlook, citing core subsidiary status under China Poly Group.标普确认保利发展“BBB”长期发行人信用评级及恒利（香港）置业“BBB-”评级，展望稳定，认为其作为中国保利集团核心子公司地位不变。
Property services & related-party leases物业服务与关联租赁
3 · 2024-04-22 → 2024-07-26
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Poly Property Services lease agreements and service model launch.保利物业租赁协议及服务模式发布。
2024-04-22Poly Property Services (06049.HK), a subsidiary of Poly Development, renewed property lease agreements with Poly Development and related parties for 2024.保利物业（06049.HK）与保利发展及相关方订立2024年物业租赁协议，重续关连交易。
2024-05-10Poly Property Services disclosed a related-party transaction to lease 4 office buildings in Guangzhou from Poly Developments and affiliates, including Poly Tianmu Plaza, Poly International Plaza, and Guangzhou Poly Center.保利物业披露关联交易，向保利发展等关联方承租广州4处写字楼，包括保利天慕广场、保利国际广场、广州保利中心等。
2024-07-26Poly Property Services launched the 'Super Fast Charging' service model at the 2024 State-owned Enterprise Comprehensive Logistics Service Forum, targeting comprehensive logistics for state-owned enterprises.保利物业在2024国资国企综合后勤服务论坛上推出“超级快充”服务模式，聚焦国资国企综合后勤服务。
Guarantee & financial assistance担保与财务资助
5 · 2024-04-22 → 2026-04-17
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External guarantee quotas and outstanding guarantee balances.对外担保额度及担保余额。
2024-04-22Poly Development's board approved a new external guarantee quota of up to CNY 91.39 billion for the period from 2023 AGM to 2024 AGM.保利发展董事会审议通过2024年度对外担保额度不超过913.90亿元（自2023年股东大会至2024年股东大会期间）。
2024-10-28Poly Development disclosed that as of September 30, 2024, the company and its subsidiaries had new guarantees of 31.248 billion yuan in 2024, and outstanding guarantees of 105.384 billion yuan, accounting for 53.08% of net assets.保利发展披露截至2024年9月30日，公司及控股子公司2024年新增担保312.48亿元，对外担保余额1053.84亿元，占净资产53.08%。
2025-08-25Poly Development disclosed that as of June 30, 2025, its total external guarantees amounted to 120.064 billion yuan, accounting for 60.76% of audited net assets attributable to parent at end-2024; guarantees for subsidiaries were 115.708 billion yuan (58.56%).保利发展披露截至2025年6月30日对外担保余额1200.64亿元，占2024年末经审计归属于上市公司股东净资产的60.76%；其中对控股子公司担保余额1157.08亿元（占58.56%）。
2025-10-21As of September 30, 2025, the company and its subsidiaries had an outstanding external guarantee balance of 113.176 billion yuan, accounting for 57.28% of audited net assets attributable to shareholders at end-2024.截至2025年9月30日，公司及控股子公司对外担保余额为1131.76亿元，占2024年末经审计归母净资产的57.28%。
2026-04-17Poly Development disclosed that as of end-2025, its guarantee balance to subsidiaries and associates was 119.053 billion yuan, accounting for 62.05% of net assets attributable to shareholders.保利发展披露截至2025年末对外担保余额1190.53亿元，占归属于上市公司股东净资产的62.05%。
Annual investment & operational targets年度投资与经营目标
5 · 2024-04-22 → 2026-04-22
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Poly Development sets annual direct investment, land acquisition, and construction targets for 2024-2026.保利发展设定2024-2026年年度直接投资、拿地及开工竣工目标。
2024-04-22Poly Development announced 2024 plans: direct investment in real estate and related industries CNY 335 billion; new starts 18 million sqm; completions 34 million sqm.保利发展公布2024年计划：房地产及相关产业直接投资3350亿元；新开工面积1800万平方米；竣工面积3400万平方米。
2025-04-29At the 2024 annual results briefing, Poly Developments announced a 2025 target: direct investment of RMB 201 billion in real estate and related industries, including RMB 100 billion for land investment.在2024年度业绩说明会上，保利发展宣布2025年计划房地产及相关产业直接投资2010亿元，其中土地投资安排1000亿元。
2025-06-24Poly Developments disclosed in an investor Q&A that it has reserved approximately RMB 100 billion in land investment quota for 2025, to be deployed flexibly based on market conditions.保利发展在投资者互动中透露，2025年预留约1000亿元土地投资额度，将根据市场情况灵活释放。
2026-04-18Poly Development's board approved the 2026 annual investment plan: total direct investment in real estate and related industries of 166.4 billion yuan, new external guarantee quota up to 50 billion yuan, and net increase in financial assistance to joint ventures up to 5 billion yuan.保利发展董事会审议通过2026年度经营计划：房地产及相关产业直接投资总额1664亿元，新增对外担保额度不超过500亿元，对合营联营项目公司财务资助净增额度不超过50亿元。
2026-04-22Poly Development held 2025 annual performance briefing; chairman Liu Ping stated 2026 planned total investment 166.4 billion yuan, including land investment 85-100 billion yuan; strategy focuses on 'stable operations, destocking, development, and risk control'.保利发展举办2025年度业绩说明会；董事长刘平表示2026年计划经营投资总额1664亿元，其中土地投资850-1000亿元；经营策略为“稳经营、去库存、谋发展、守底线”。
Financial position & land reserves财务状况与土储
5 · 2024-04-22 → 2025-04-28
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Disclosures on asset-liability ratio, land reserves, cash position, and gearing ratio at period ends.披露期末资产负债率、土储、现金及净负债率等财务指标。
2024-04-22Poly Development's 2023 annual report showed contracted sales amount CNY 422.2 billion (industry No.1), market share 3.6% (+0.2ppt YoY); cash on hand CNY 148 billion; interest-bearing debt reduced by CNY 27.1 billion to CNY 354.3 billion; comprehensive financing cost fell to 3.56%.保利发展2023年年报显示：签约金额4222亿元（行业第一），市占率3.6%（同比+0.2个百分点）；货币资金1480亿元；有息负债减少271亿元至3543亿元；综合融资成本降至3.56%。
2024-04-22Poly Development's 2023 annual report: net gearing 61.20%, cash-to-short-term-debt ratio 1.28, all three 'three red lines' indicators at green档 level; operating cash flow positive for 6 consecutive years (CNY 13.9 billion in 2023).保利发展2023年年报：净负债率61.20%，现金短债比1.28，'三道红线'保持绿档；经营活动现金流净额139亿元，连续6年为正。
2024-04-22Poly Development's 2023 annual report: land bank with GFA of 77.9 million sqm (stock 66.08 million sqm, incremental 11.82 million sqm); 99% of land acquisition amount in core 38 cities; 103 new projects added with equity land cost of CNY 135.9 billion (+26% YoY).保利发展2023年年报：土地储备计容建面7790万平方米（存量6608万平米，增量1182万平米）；拓展金额99%位于核心38城；新增项目103个，权益地价1359亿元（同比+26%）。
2024-04-29Poly Development disclosed that as of Q1 2024 end, it had 635 projects under construction/planned, with 81.5 million sqm under construction and 57.58 million sqm of land to be developed; asset-liability ratio 75.88% (-0.66ppt vs end-2023).保利发展披露截至2024年一季度末，共有在建拟建项目635个，在建面积8150万平方米，待开发面积5758万平方米；资产负债率75.88%（较2023年末下降0.66个百分点）。
2025-04-28Poly Developments disclosed that as of end-2024, it had land reserves of about 62.58 million sqm (GFA), with incremental projects of about 10 million sqm concentrated in 38 core cities; net gearing ratio was 74.3%, and cash on hand was RMB 134.2 billion.保利发展披露截至2024年末在手土地储备计容面积约6258万㎡，增量项目约1000万㎡集中在38个核心城市；资产负债率74.3%，在手现金1342亿元。
Asset impairment & provisions资产减值与拨备
2 · 2024-04-22 → 2026-04-18
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Recognition of asset impairment provisions on inventory, long-term equity investments, and receivables, impacting net profit.对存货、长期股权投资及应收款计提资产减值准备，影响净利润。
2024-04-22Poly Development recorded asset impairment provisions of about CNY 5.04 billion in 2023, reducing net profit attributable to parent by about CNY 3.282 billion.保利发展2023年计提资产减值准备约50.4亿元，减少归母净利润约32.82亿元。
2026-04-18Poly Development's board approved 2025 asset impairment provisions totaling 6.95816 billion yuan, including inventory write-downs, long-term equity investment impairment of 1.01512 billion yuan, and other receivables impairment of 500.84 million yuan, reducing 2025 net profit by 4.44689 billion yuan.保利发展董事会审议通过2025年度计提减值准备合计69.5816亿元，包括存货跌价、长期股权投资减值10.1512亿元、其他应收款减值5.0084亿元，减少2025年度归母净利润44.4689亿元。
Debt & financing activities债务与融资活动
3 · 2024-04-25 → 2025-02-25
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Cancellation of medium-term note issuance, registration of ultra-short-term commercial paper, and repayment of offshore bonds.取消中票发行、注册超短融、偿还境外债等融资相关活动。
2024-04-25Poly Development held 2023 annual results briefing: management stated all offshore bonds have been repaid, no debt repayment pressure; 2023 new financing CNY 137.1 billion at average cost 3.14%; controlling shareholder Poly Group cumulatively increased holdings by CNY 250 million, and company completed CNY 1.0 billion share buyback.保利发展召开2023年度业绩说明会：管理层表示所有境外债券已清偿，无偿债压力；2023年新增融资1371亿元，综合成本3.14%；实控人保利集团累计增持2.5亿元，公司完成10亿元股份回购。
2024-09-26Poly Developments cancelled the issuance of its 6th tranche of 2024 medium-term notes (RMB 500 million) due to unfavorable market volatility.保利发展取消2024年度第六期中期票据（5亿元）的发行，因市场波动未达预期。
2025-02-25Board approved registration and issuance of up to 5 billion yuan in ultra-short-term commercial paper.董事会审议通过注册发行不超过50亿元超短期融资券的议案。
Housing policy & market response房地产政策与市场应对
2 · 2024-05-17 → 2024-09-26
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National housing policy easing and company's price guarantee plan.全国房地产政策放松及公司保价计划。
2024-05-17China's central bank and financial regulators announced nationwide removal of floor on mortgage rates for first and second homes, cut individual housing provident fund loan rates by 0.25 ppt from May 18, and lowered minimum down payment to 15% for first home and 25% for second home.央行及金融监管总局宣布取消全国层面首套和二套住房商贷利率下限，自5月18日起下调个人住房公积金贷款利率0.25个百分点，首套房商贷最低首付比例调整为不低于15%，二套不低于25%。
2024-09-26Poly Developments launched a 'Price Guarantee Plan' across multiple cities (Wenzhou, Xi'an, Sichuan, Jinan, Chengdu, Guangdong), promising no-reason returns if future discounts exceed current ones.保利发展在温州、西安、四川、济南、成都、广东等多个城市推出“保价计划”，承诺降价可无理由退房。
Shareholder meetings & governance股东大会与公司治理
5 · 2024-06-07 → 2025-05-31
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Convening of annual and extraordinary general meetings to approve investment plans, guarantees, and director elections.召开年度及临时股东大会，审议投资计划、担保及董事选举等议案。
2024-06-07Poly Developments announced its 2023 annual general meeting to be held on June 28, 2024, to consider 9 proposals including 2024 investment plan and related-party transactions.保利发展公告2023年年度股东大会于2024年6月28日召开，审议9项议案，包括2024年度投资计划及关联交易。
2024-06-28Poly Developments held its 2023 annual general meeting; Chairman Liu Ping outlined 2024 priorities: destocking, restructuring, increasing financing, ensuring cash flow safety.保利发展召开2023年年度股东大会，董事长刘平提出2024年工作重点：去库存、调结构、加大融资、保障现金流安全。
2024-10-18Poly Development announced the convening of the 4th extraordinary general meeting of shareholders in 2024 on November 4, to elect an independent director.保利发展公告将于2024年11月4日召开2024年第四次临时股东大会，审议选举独立董事的议案。
2024-11-05Poly Developments announced an extraordinary general meeting on November 21, 2024, to consider the appointment of an accounting firm and a proposal to register and issue self-owned commercial property asset-backed special plans.保利发展公告将于2024年11月21日召开临时股东大会，审议选聘会计师事务所及注册发行自持商用物业资产支持专项计划的议案。
2025-05-312024 AGM approved 12 resolutions including 2025 investment plan of 201B yuan, new guarantees of 75.04B yuan, and financial assistance net increase of 5B yuan. Elected Peng Yi as director.2024年度股东大会通过12项议案，包括2025年投资计划2010亿元、新增对外担保750.4亿元、财务资助净增50亿元，选举彭祎为董事。
Joint ventures & co-development合资公司与合作开发
4 · 2024-06-26 → 2025-07-22
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Establishment of joint ventures for specific projects.为特定项目设立合资公司。
2024-06-26Poly Developments, via subsidiary Guangdong Poly City Development, co-founded Guangzhou Baohang Real Estate Co., Ltd. with China Southern Airlines Construction and Guangdong Airport Group, registered capital 5 billion yuan, for Guangzhou old airport area redevelopment.保利发展旗下广东保利城市发展与广州南航建设、广东机场集团共同成立广州保航置业有限公司，注册资本50亿元，用于广州老机场区域开发。
2024-09-03Poly Developments, via its subsidiaries, jointly established Beijing Jianbao Fengzhu Real Estate Co., Ltd. with Beijing Construction Engineering Group, with a registered capital of RMB 4.451 billion.保利发展旗下公司与北京建工地产共同成立北京建保丰筑置业有限公司，注册资本44.51亿元。
2025-03-16Poly Developments and Jinmao jointly established Beijing Chaoxin Shanzhu Real Estate Co., Ltd. with registered capital of RMB 2 billion, each holding 50%, to develop the Sanjianfang land parcel in Chaoyang, Beijing (total land cost RMB 8.73 billion).保利发展与金茂合资成立北京朝新善筑置业有限公司，注册资本20亿元，双方各持股50%，用于开发北京朝阳三间房地块（总地价87.3亿元）。
2025-07-22Established Qingdao Qingtie Guangyu Real Estate Co., Ltd. with registered capital of 360 million yuan, jointly held by its subsidiary Poly Development (Shandong) Co., Ltd., covering real estate brokerage and property management.在青岛新设青岛青铁广誉置业有限公司，注册资本3.6亿元，由全资子公司保利发展（山东）有限公司等共同持股，经营范围包括房地产经纪、物业管理。
Project development & regional highlights项目开发与区域亮点
1 · 2024-07-25
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Development of over 80 projects in Zhejiang, Shanghai Yangpu cumulative sales exceeding 10 billion yuan, and urban village redevelopment projects.浙江开发超80个项目、上海杨浦累计销售超百亿及城中村改造项目进展。
2024-07-25Poly Developments announced that as of July 2024, it has developed over 80 projects in Zhejiang province, with total development area exceeding 15 million sqm, serving over 140,000 households, and cumulative sales of nearly RMB 300 billion.保利发展宣布截至2024年7月，在浙江已累计开发80余盘，总开发面积超1500万平方米，服务业主超14万户，总销售额近3000亿元。
Government & industry relations政府与行业关系
5 · 2024-08-05 → 2026-04-24
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Meetings with local governments and industry association role.与地方政府会面及行业协会任职。
2024-08-05Poly Developments Yunnan regional chairman Li Yong met with Xishuangbanna prefecture party secretary to discuss high-quality tourism real estate projects and cooperation expansion.保利发展云南区域董事长李勇与西双版纳州委书记会面，商讨高品质旅居地产项目及拓展合作。
2024-08-23Poly Developments chairman Liu Ping was elected vice president of the 9th council of the China Real Estate Industry Association.保利发展董事长刘平当选中国房地产业协会第九届理事会副会长。
2025-02-26Quanzhou mayor met with Poly Development Fujian regional chairman Yuan Jun; Poly invited to increase investment in Quanzhou.泉州市长与保利发展福建区域董事长袁俊座谈，邀请保利加大在泉投资布局。
2026-03-13China Poly Group Party Secretary and Chairman Zu Bin visited Poly Developments Shanxi company, emphasizing AI application to enhance competitiveness.中国保利集团党委书记、董事长祖斌调研保利发展山西公司，强调深化人工智能应用以提升企业核心竞争力。
2026-04-24Kunming mayor Yang Chengxin met Poly Development chairman Liu Ping in Guangzhou; both sides discussed deepening cooperation, with Poly expressing confidence in Kunming and planning to increase investment.昆明市长杨承新在广州与保利发展董事长刘平座谈，就推进双方合作深入交流；保利表示对昆明发展充满信心，将持续加大投资力度。
Convertible bond plan & issuance可转债计划与发行
22 · 2024-08-19 → 2026-06-16
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Plans, approvals, and issuance of convertible bonds to specific investors.向特定投资者发行可转债的计划、审批及发行。
2024-08-19Poly Developments announced a plan to issue up to 9.5B yuan in convertible bonds to specific investors, with Poly Group subscribing up to 1B yuan in cash, proceeds for 15 real estate projects and working capital.保利发展拟向特定对象发行不超过95亿元可转换公司债券，保利集团拟现金认购不超过10亿元，募集资金用于15个房地产项目及补充流动资金。
2024-09-02Poly Developments received approval from state-owned asset regulator China Poly Group for a private placement of convertible bonds up to RMB 9.5 billion.保利发展获得有权国资监管单位中国保利集团有限公司对向特定对象发行可转换公司债券的批复，发行总额不超过95亿元。
2024-10-08Poly Development submitted a 9.5 billion yuan convertible bond issuance application to the Shanghai Stock Exchange, which was accepted; the funds will be used for 15 real estate projects and working capital, with Poly Group subscribing up to 1 billion yuan.保利发展向上交所提交95亿元可转债发行申请获受理，募集资金用于15个房地产项目及补充流动资金，保利集团认购不超过10亿元。
2024-11-27Poly Development responded to the SSE review inquiry on its convertible bond issuance plan, planning to raise up to 9.5 billion yuan for 15 ongoing residential projects and working capital, with projects starting delivery from H2 2025 to 2026.保利发展回复上交所可转债发行审核问询函，计划募集资金不超过95亿元，用于15个在建住宅项目及补充流动资金，项目预计自2025年下半年开始交付至2026年。
2024-12-30Poly Developments' board approved the revised plan for issuing convertible bonds to specific investors, with a total amount not exceeding 9.5 billion yuan.保利发展董事会审议通过向特定对象发行可转换公司债券方案（修订稿），募资总额不超过95亿元。
2025-01-16Poly Development received Shanghai Stock Exchange review opinion that its application to issue convertible bonds to specific investors (up to 9.5 billion yuan) meets listing conditions; still requires CSRC registration.保利发展向特定对象发行可转债（不超过95亿元）申请获得上交所审核通过，认为符合发行条件；尚需证监会注册。
2025-03-31Poly Developments plans to issue up to RMB 8.5 billion in convertible bonds to specific investors, proceeds to fund 15 real estate projects in Beijing, Shanghai, Foshan, etc.保利发展计划向特定对象发行可转换公司债券，募集资金不超过85亿元，用于北京、上海、佛山等城市的15个房地产开发项目。
2025-04-23Poly Developments' application to issue convertible bonds to specific investors (up to RMB 8.5 billion) received approval from the China Securities Regulatory Commission (CSRC).保利发展向特定对象发行可转换公司债券（不超过85亿元）的申请获得中国证监会同意注册批复。
2025-05-28Completed issuance of 85M convertible bonds (85B yuan) to specific investors, net proceeds 84.7875B yuan, first-year coupon 2.20%, stepped rate (+0.05% annually), maturity 6 years. Funds for 15 projects in Beijing, Shanghai, Foshan, etc.完成向特定对象发行8500万张可转换公司债券（85亿元），净募资84.7875亿元，首年票面利率2.20%，阶梯利率（每年递增0.05%），期限6年。资金用于北京、上海、佛山等15个项目。
2025-06-13Poly Developments' RMB 8.5 billion private placement of convertible bonds (code: 110817, name: Poly Dingzhuan) will be listed and traded on the Shanghai Stock Exchange on June 19, 2025, with a first-year coupon rate of 2.20% and a 6-year term.保利发展85亿元定向可转债（代码110817，简称保利定转）将于2025年6月19日在上交所挂牌转让，首年票面利率2.20%，期限6年。
2025-08-14Poly Development adjusted the conversion price of its privately placed convertible bond 'Poly Dingzhuan' (code 110817) from 16.09 yuan/share to 15.92 yuan/share, effective Aug 20, 2025 (ex-dividend date), due to the 2024 profit distribution.保利发展将向特定对象发行的可转换公司债券'保利定转'（代码110817）转股价格由16.09元/股调整为15.92元/股，自2025年8月20日（除息日）起生效。
2025-09-01Poly Developments' 2024 planned private placement of 12.5 billion yuan was terminated because the stock price fell below the issue floor price during the approval validity period.保利发展2024年计划增发125亿元，因批文有效期内股价低于发行底价而终止。
2025-11-17Poly Developments' 8.5B yuan convertible bond 'Poly Dingzhuan' starts conversion from Nov 21, 2025 to May 15, 2031, initial conversion price 16.09 yuan/share, adjusted to 15.92 yuan/share.保利发展85亿元可转债“保利定转”开始转股，转股期2025年11月21日至2031年5月15日，初始转股价16.09元/股，最新调整至15.92元/股。
2025-12-12Poly Development announced a plan to issue convertible bonds to specific investors for up to 5 billion yuan, proceeds for 9 projects including Hangzhou Poly Tianyi, Shijiazhuang Poly Yuhua Tianjun, etc. Total investment 22.221 billion yuan.保利发展拟向特定对象发行可转债不超过50亿元，用于杭州保利天奕、石家庄保利裕华天珺等9个项目，总投资222.21亿元。
2025-12-23State-owned asset supervisor China Poly Group approved Poly Development's plan to issue up to 5 billion yuan in convertible bonds to specific investors.国资监管单位中国保利集团批复同意保利发展向特定对象发行不超过50亿元可转债。
2025-12-29The 6th extraordinary general meeting of 2025 approved the issuance of up to 10 billion yuan in convertible bonds to specific investors, along with the 2025-2027 shareholder return plan and auditor reappointment.2025年第六次临时股东会批准向特定对象发行不超过100亿元可转债方案，以及《2025-2027年股东回报规划》和续聘审计机构。
2026-01-15Poly Development received notice from the Shanghai Stock Exchange that its application for issuing up to 50 billion yuan in convertible bonds to specific investors has been accepted and will be reviewed. The issuance still requires SSE approval and CSRC registration.保利发展收到上交所通知，其向特定对象发行不超过50亿元可转换公司债券的申请已被受理并进入审核，尚需上交所审核通过及中国证监会同意注册。
2026-01-16Poly Development disclosed its plan to issue up to 50 million convertible bonds (50 billion yuan, 6-year term) to no more than 35 specific investors, with proceeds used for nine pre-sold but undelivered projects in Hangzhou, Shijiazhuang, Guangzhou, Zhongshan, Changchun, Foshan, Shanghai, and Tianjin, total investment 22.221 billion yuan.保利发展披露拟向不超过35名特定对象发行不超过5000万张可转债（50亿元，6年期），募集资金用于杭州、石家庄、广州、中山、长春、佛山、上海、天津等9个已预售未交付项目，总投资额222.21亿元。
2026-02-26Poly Developments responds to Shanghai Stock Exchange inquiry on its proposed issuance of up to 5 billion yuan in convertible bonds for 9 residential projects with total investment of about 23.36 billion yuan and expected total sales of about 23.52 billion yuan.保利发展回复上交所问询，拟发行不超过50亿元可转债，用于9个住宅项目，总投资约233.6亿元，预计总销售收入约235.2亿元。
2026-05-07Poly Developments plans to issue up to 50 million convertible bonds (RMB 5 billion, 6-year term) to specific investors, with proceeds for pre-sold undelivered projects; approved by SSE, pending CSRC registration.保利发展拟向特定对象发行不超过5000万张可转债（50亿元，期限6年），募集资金用于已预售未交付项目；已获上交所审核通过，尚需证监会注册。
2026-05-20Poly Developments received CSRC approval for the issuance of convertible bonds to specific investors (RMB 5 billion, valid for 12 months).保利发展收到证监会批复，同意其向特定对象发行可转换公司债券（50亿元，批复自同意注册之日起12个月内有效）。
2026-06-16Poly Developments announced that due to the 2025 annual dividend distribution (RMB 0.35 per 10 shares before tax), the convertible bond 'Poly Dingzhuan' will stop conversion from June 23, 2026 until the record date, with the conversion price to be adjusted accordingly.保利发展公告因实施2025年度利润分配（每10股派发现金红利0.35元税前），“保利定转”可转债自2026年6月23日起停止转股，转股价格将相应调整。
ESG & green initiativesESG与绿色倡议
1 · 2024-08-20
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Acquisition of existing housing stock for affordable housing in Zhengzhou and Jinhua.在郑州、金华收购存量住房用于保障性住房。
2024-08-20Poly Developments management stated at the H1 results briefing that it has implemented acquisition of existing housing stock for affordable housing in Zhengzhou and Jinhua, and will continue destocking and structural adjustment in H2.保利发展管理层在半年度业绩说明会上表示，已在郑州、金华等地实现存量房收购用于保障性住房，下半年将继续去库存、调结构。
Industry standards & policy行业标准与政策
3 · 2024-08-21 → 2025-12-05
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Management comments on no horizontal competition with Poly Property, no overseas expansion, and urban village redevelopment progress.管理层说明与保利置业无同业竞争、无海外扩张计划及城中村改造进展。
2024-08-21Poly Developments stated on the investor platform that its business is currently mainly concentrated in China, with no overseas expansion plans.保利发展在投资者互动平台表示，目前业务主要集中在国内，无出海计划。
2025-09-02At the 2025 semi-annual performance briefing, management disclosed progress on urban village redevelopment projects (e.g., Guangzhou Haizhu Pazhou Village, Tianjin Xiancun, Shaanxi Qinglong Temple) and original-demolition-original-construction projects (e.g., Guangzhou Yuzhu Port, Shanghai 45th Street style protection project).在2025年半年度业绩说明会上，管理层披露了城中村改造项目（如广州海珠琶洲村、广州天河冼村、陕西青龙寺）及原拆原建项目（如广州鱼珠港、上海45街坊风貌保护项目）的进展。
2025-12-05Poly Development held Q3 2025 performance briefing; GM Pan Zhihua stated there is no substantive horizontal competition with Poly Property (Poly Group's other unit).保利发展召开2025年第三季度业绩说明会，总经理潘志华表示与保利置业不存在实质性同业竞争。
Awards & certifications奖项与认证
1 · 2024-09-13
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Poly Health awarded '2024 China Leading Brand in Health and Senior Care Operations' for third consecutive year.保利健康连续第三年获评“2024中国康养运营领先品牌”第二名。
2024-09-13Poly Health, the health industry platform of Poly Developments, was awarded '2024 China Leading Brand in Health and Senior Care Operations' (ranked 2nd) for the third consecutive year.保利发展旗下保利健康产业投资有限公司再度荣膺“2024中国康养运营领先品牌”，蝉联榜单TOP2。
Working capital & fund management流动资金与募集资金管理
7 · 2024-09-18 → 2026-05-28
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Temporary use of idle bond and convertible bond proceeds to supplement working capital, and subsequent repayment.临时使用闲置债券及可转债募集资金补充流动资金，及后续归还。
2024-09-18Poly Developments decided to temporarily use RMB 1.5 billion of idle bond proceeds from the fourth tranche bonds to supplement working capital.保利发展拟将15亿元债券闲置募集资金临时补充流动资金。
2024-12-10Poly Developments plans to temporarily use 1.5 billion yuan of idle bond proceeds from '24 Poly 08' and '24 Poly 09' to supplement working capital.保利发展计划使用“24保利08”和“24保利09”债券闲置募集资金15亿元临时补充流动资金。
2024-12-19Poly Developments plans to temporarily use 2.0 billion yuan of idle bond proceeds from '24 Poly 10' and '24 Poly 11' to supplement working capital.保利发展计划使用“24保利10”和“24保利11”债券闲置募集资金20亿元临时补充流动资金。
2025-05-28Board approved using up to 6.838B yuan of idle convertible bond proceeds to temporarily supplement working capital for up to 12 months.董事会同意使用不超过68.38亿元闲置可转债募集资金临时补充流动资金，期限不超过12个月。
2025-06-13Poly Developments signed a tripartite supervision agreement for the raised funds of RMB 8.5 billion from its private placement of convertible bonds, with net proceeds of RMB 8.479 billion, and plans to use up to RMB 6.838 billion of idle funds to temporarily supplement working capital.保利发展签订85亿元定向可转债募集资金专户存储三方监管协议，募集资金净额84.79亿元，计划使用不超过68.38亿元闲置资金临时补充流动资金。
2026-05-28Poly Developments' board approved using up to RMB 3.352 billion of idle raised funds to temporarily supplement working capital for 12 months.保利发展董事会审议通过使用不超过33.52亿元闲置募集资金临时补充流动资金，期限不超过12个月。
2026-05-28Poly Developments fully repaid RMB 6.838 billion of idle raised funds previously used to supplement working capital, returning the amount to the dedicated account.保利发展全额归还此前用于临时补充流动资金的68.38亿元闲置募集资金至募集资金专用账户。
Sales performance & market share销售业绩与市场份额
6 · 2024-10-09 → 2026-03-02
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Contract sales amounts, market share, and holiday sales achievements in various regions.合同销售金额、市场份额及节假日各区域销售业绩。
2024-10-09During the National Day Golden Week (Oct 1-7), Poly Development achieved total sales of approximately 26 billion yuan, with over 100,000 customer visits.国庆黄金周（10月1-7日）期间，保利发展累计成交额约260亿元，来访客户超10万批次。
2024-10-09Poly Development Shanghai achieved cumulative sales of 1.6 billion yuan during the National Day holiday (Oct 1-7), with over 3,000 project visits.保利发展上海公司国庆七天累计销售额达16亿元，项目到访破3000组。
2024-10-09Poly Development Jiangsu achieved sales of 1.15 billion yuan during the National Day holiday.保利发展江苏公司国庆期间劲销11.5亿元。
2024-10-09Poly Development Guangdong achieved sales of 5 billion yuan during the National Day Golden Week.广东保利国庆黄金周劲销50亿元。
2025-11-02Poly Developments' Shanghai Yangpu district cumulative sales exceeded 10 billion yuan since Dec 2024, becoming the district's top seller.保利发展自2024年12月至今，上海杨浦区累计销售额突破100亿元，成为该区销冠。
2026-03-02During the 2026 Spring Festival, Poly Developments reported online exposure of 86.71 million views, 15,000+ leads, 89 units sold for RMB 354 million (up 109.6% YoY); offline, Sanya Poly Tianjun achieved cumulative sales over RMB 486 million (up 216% YoY), and Wenzhou Zhaoshang Poly Tianyaoxu sold out its first 30 townhouses for RMB 294 million.2026年春节期间，保利发展线上投放曝光8671万次，获客超1.5万组，成交89套、金额3.54亿元（同比提升109.6%）；线下三亚保利天珺累计成交超4.86亿元（同比增长216%），温州招商保利天曜序首批30套叠拼别墅售罄，认购金额2.94亿元。
Corporate governance & ESG recognition公司治理与ESG认可
3 · 2024-10-11 → 2025-12-08
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Information disclosure rating, ESG award, and governance restructuring.信息披露评级、ESG奖项及治理架构调整。
2024-10-11Poly Development received the highest A-grade rating in the Shanghai Stock Exchange's 2023-2024 information disclosure evaluation, maintaining this top rating for 11 consecutive years.保利发展在上交所2023-2024年度信息披露工作评价中获得最高A级评价，连续11年荣获最高评级。
2025-11-21Poly Developments plans to amend the Articles of Association to comply with new Company Law, including abolishing the supervisory board and revising 22 internal rules.保利发展拟修订《公司章程》以符合新《公司法》要求，包括取消监事会，并修订22项内部制度。
2025-12-08The 5th extraordinary general meeting of 2025 passed the 'Proposal on Abolishing the Board of Supervisors and Amending the Articles of Association' with 99.36% approval, restructuring corporate governance.2025年第五次临时股东大会以99.36%赞成票通过《关于取消监事会及修订公司章程的议案》，调整公司治理结构。
Regulatory & compliance updates监管与合规更新
1 · 2024-11-01
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Disclosure on regulated funds decrease due to project completion and title registration, with no major policy changes.披露监管资金因项目竣备及确权下降，无重大政策变化。
2024-11-01At the Q3 2024 performance briefing, Poly Developments stated that regulated funds decreased from mid-2024 levels due to project completion and title registration, with no major policy changes.在2024年三季度业绩说明会上，保利发展表示，随着项目竣备和确权，监管资金较半年末有所降低，政策整体未出现大的调整。
Auditor change & appointment审计师变更与聘任
3 · 2024-11-05 → 2025-12-12
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Change of accounting firm and reappointment.会计师事务所变更及续聘。
2024-11-05Poly Developments announced a change of auditor, proposing to appoint Lixin Certified Public Accountants (special general partnership) to replace Tianzhi International Certified Public Accountants, which had served for 4 years.保利发展公告拟聘任立信会计师事务所（特殊普通合伙）为新审计机构，取代已服务4年的天职国际会计师事务所。
2024-11-26Poly Developments decided to appoint Lixin Certified Public Accountants as its 2024 financial and internal control auditor, replacing Tianzhi International Certified Public Accountants.保利发展决定聘请立信会计师事务所担任2024年度财务审计和内部控制审计机构，取代天职国际会计师事务所。
2025-12-12Board approved re-appointment of Lixin Certified Public Accountants as 2025 financial and internal control auditor; 2024 audit fees: 6.5 million yuan (financial) + 1 million yuan (internal control).董事会审议通过续聘立信会计师事务所为2025年度财务及内控审计机构，2024年度审计费用650万元（财务）+100万元（内控）。
Organizational restructuring组织架构调整
3 · 2025-01-20 → 2026-01-12
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Merger of regional companies and headquarters restructuring.区域公司合并及总部架构重组。
2025-01-20Poly Development conducted organizational restructuring: merged Jiangsu & Huaihai into Jiangsu Company, Zhejiang & Zhenan into Zhejiang Company, Shandong & Qilu into Shandong Company, Liaoning & Dalian into Liaoning Company.保利发展进行组织架构调整：江苏与淮海公司合并为江苏公司，浙江与浙南公司合并为浙江公司，山东与齐鲁公司合并为山东公司，辽宁与大连公司合并为辽宁公司。
2025-03-06Poly Developments merged its Changchun company into the Liaoning company to form a new Northeast company; Li Airan, former GM of Changchun, transferred to chairman of Jiangxi company.保利发展将长春公司并入辽宁公司，共同组建新的东北公司；原长春公司总经理李艾然调任江西公司董事长。
2026-01-12Poly Development's 1st interim board meeting in 2026 approved a headquarters organizational restructuring, establishing ten major departments including Board Office, Strategic Investment Center, Financial Center, Real Estate Operations Center, and Human Resources Center (Poly Business Research Institute).保利发展2026年第1次临时董事会通过总部组织机构调整议案，设立十大职能部门，包括董事会办公室、战略投资中心、财务金融中心、不动产运营中心、人力资源中心（保利商研院）等。
Minority investments & stakes少数股权投资与增持
1 · 2025-03-16
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Increase in stake in Foshan TCM hospital subsidiaries from 80% to 85%.对佛山中医院康复护理及老年病医院子公司持股比例由80%增至85%。
2025-03-16Poly Developments increased its stake in Foshan Traditional Chinese Medicine Hospital Rehabilitation Nursing Hospital Co., Ltd. and Foshan Traditional Chinese Medicine Hospital Geriatric Hospital Co., Ltd. from 80% to 85%.保利发展在佛山市中医院康复护理医院有限公司和佛山市中医院老年病医院有限公司的持股比例从80%增加到85%。
New subsidiary & business expansion新子公司与业务拓展
15 · 2025-03-27 → 2026-04-12
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Establishment of new subsidiaries in construction tech, leasing, and property management.在建筑科技、租赁、物业管理等领域设立新子公司。
2025-03-27Poly Developments established Guangdong Heling Construction Technology Co., Ltd., a wholly-owned subsidiary with registered capital of RMB 10 million, covering AI application development and building materials sales.保利发展成立广东和翎建筑科技有限公司，注册资本1000万元，经营范围包括人工智能应用开发和建筑材料销售等，由保利发展间接全资持股。
2025-04-03Poly established Guangdong He Ling Construction Technology Co., Ltd., with registered capital of RMB 10 million, wholly owned indirectly, covering supply chain, AI software, and building materials.保利成立广东和翎建筑科技有限公司，注册资本1000万元，间接全资持股，业务涵盖供应链、AI软件及建材。
2025-04-24Poly established Jiangmen Bao Rui Leasing Management Co., Ltd. with registered capital of RMB 50 million, indirectly wholly owned, covering commercial complex management and consulting.保利成立江门保瑞租赁管理有限公司，注册资本5000万元，间接全资持股，业务涵盖商业综合体管理及咨询。
2025-07-28Established Jiangxi Heyu Apartment Management Co., Ltd. with registered capital of 5 million yuan, indirectly wholly owned by Poly Development, covering hotel management, housing leasing, and property management.成立江西和寓公寓管理有限公司，注册资本500万元，由保利发展间接全资持股，经营范围包括酒店管理、住房租赁、物业管理等。
2025-08-01Poly Development indirectly wholly owns a newly established subsidiary, Jiangxi Heyu Apartment Management Co., Ltd., with registered capital of 5 million yuan, covering accommodation, hotel management, and housing leasing.保利发展间接全资持股新设子公司江西和寓公寓管理有限公司，注册资本500万元，经营范围涵盖住宿服务、酒店管理、住房租赁等。
2025-09-05Poly established a housing rental platform in Chongqing, Chongqing Baoyu Housing Leasing Co., Ltd., with registered capital of 50 million yuan, wholly owned indirectly by Poly, to expand rental housing business.保利发展在重庆新设住房租赁平台——重庆葆渝住房租赁有限公司，注册资本5000万元，由保利发展间接100%持股，加码租赁住房市场。
2025-10-14Established Hunan Baorui Consulting Management Co., Ltd. in Changsha, with registered capital of 50 million yuan, wholly owned indirectly by Poly Developments, covering real estate development, property management, and consulting services.在长沙新设湖南保瑞咨询管理有限公司，注册资本5000万元，由保利发展间接全资持股，经营范围包括房地产开发经营、物业管理及企业管理咨询等。
2025-10-28Established Longyan Baorun Heyuan Housing Leasing Co., Ltd., with registered capital of 50 million yuan, wholly owned indirectly by Poly Developments, focusing on non-residential property leasing and land use rights leasing.新设龙岩保润和院住房租赁有限公司，注册资本5000万元，由保利发展间接全资持股，经营范围包括非居住房地产租赁和土地使用权租赁。
2025-11-14Poly Developments established a new subsidiary Nanchang Baoxu Property Co., Ltd. with registered capital 80M yuan, indirectly wholly owned, engaged in real estate development and property management.保利发展新设全资孙公司南昌保煦置业有限公司，注册资本8000万元，主营房地产开发经营和物业管理。
2025-11-28Poly Developments' subsidiary Nanchang Baoxu Property and individual investor Ren Shuhua jointly established Gansu Jingbao Shuncheng Information Consulting Co., Ltd., registered capital 10M yuan, covering digital tech, 5G, AI software, and electrical equipment sales.保利发展孙公司南昌保煦置业与自然人任述花共同成立甘肃京保瞬诚信息咨询有限公司，注册资本1000万元，经营范围包括数字技术、5G通信、人工智能软件开发等。
2025-12-22Poly Development indirectly wholly-owned subsidiary Xi'an Zhongyao Ruizhen Real Estate Co., Ltd. was established with registered capital of 1 million yuan.保利发展间接全资子公司西安中耀瑞置业有限公司成立，注册资本100万元。
2026-03-23Poly Developments indirectly wholly owned a new subsidiary, Wuhan Junya Investment Co., Ltd., with registered capital of RMB 50 million, covering asset management, real estate consulting, and leasing services.保利发展间接全资持股成立武汉市珺雅投资有限公司，注册资本5000万元，经营范围包括资产管理、房地产咨询、住房租赁等。
2026-04-02Poly Development established a wholly-owned subsidiary Shanghai Baorun Property Management Co., Ltd. with a registered capital of 100 million yuan, covering real estate consulting and property management.保利发展成立全资子公司上海保闰置业管理有限公司，注册资本1亿元，经营范围包括房地产咨询和物业管理。
2026-04-10Poly Development established a subsidiary Taiyuan Changyue Real Estate Development Co., Ltd. with registered capital of 300 million yuan, held by its Shanxi subsidiary and Taiyuan Jiayuan.保利发展成立子公司太原长悦房地产开发有限公司，注册资本3亿元，由保利发展（山西）有限公司和太原嘉远房地产开发有限公司共同持股。
2026-04-12Poly Development made a new outward investment, wholly acquiring Guangzhou Ruizhong Enterprise Management Co., Ltd. (registered capital 1 million yuan, business services).保利发展新增对外投资，全资收购广州市瑞中企业管理有限公司（注册资本100万元，商务服务业）。
IP & patents知识产权与专利
1 · 2025-03-27
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Exploration of internal AI testing services for management use.探索部署内部AI测试服务用于管理。
2025-03-27Poly Developments stated it is exploring deployment of internal AI testing services for internal management use.保利发展表示正在探讨部署内部的人工智能测试服务，主要用于公司内部管理。
Project launches & pre-sale permits项目开盘与预售许可
10 · 2025-04-11 → 2026-06-25
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New project launches, pre-sale permits, and project naming.新项目开盘、预售许可证获取及项目命名。
2025-04-11Poly's project 'Lang Rui Garden' (Poly Lang Yue) in Huadu, Guangzhou obtained a pre-sale permit for 61 residential units, with total pre-sale area of 8,049.41 sqm.保利广州花都项目“琅瑞花园”（保利琅悦）新领预售证，批准预售住宅61套，预售总面积8049.41㎡。
2025-04-15Poly Developments' Shanghai Expo Poly Shimao Tianyue project received a new batch price of RMB 183,400/sqm, up RMB 17,400/sqm from the previous launch.保利上海世博保利世博天悦项目新批次备案均价18.34万元/㎡，较上次入市上涨1.74万元/㎡。
2025-06-19Poly Development's Shanghai project 'Poly Waitanxu BUND45' (74 units, avg. price RMB 129,000/sqm) sold out on its opening day in December 2024, setting a 2024 Shanghai认购率 record of over 700%.保利发展上海项目“保利外滩序BUND45”2024年12月首开74套房源，均价12.9万元/㎡，当日售罄，认购率超700%创2024年上海纪录。
2025-07-29Launched the Poly Waitan Qi PARK 77 project in Yangpu, Shanghai, with 157 units (99-137 sqm 3-4BR), expected to open for sale in August 2025; the land was acquired in Nov 2024 for 152.252 million yuan at a floor price of 86,037 yuan/sqm.上海杨浦保利外滩启PARK77项目公布案名，房源157套（99-137㎡3-4房），预计8月入市；地块于2024年11月以1.52亿元竞得，楼面价86037元/㎡。
2025-08-04Poly Development launched its Shanghai Yangpu Binjiang project named 'Poly Bund Qipark 77', with 157 units of 99-137 sqm, expected price range 110,000-130,000 yuan/sqm, sales office opened on Aug 2, sample rooms next week, pre-sale expected mid-September.保利发展上海杨浦滨江项目案名定为'保利外滩启PARK77'，共157套99-137平方米户型，预计售价区间11万-13万元/平方米，8月2日开放售楼处，下周开放样板间，预计9月中旬认筹。
2025-11-07Poly Yuexi Bay luxury project in Guangzhou Tianhe district launched, selling 236 units on opening day with sales of 10.6B yuan, becoming the only new project nationwide to exceed 10B on first day.广州天河区保利玥玺湾豪宅项目开盘，首日成交236套、销售额106亿元，成为全国唯一首开即破百亿的新盘。
2026-03-12Poly Developments and Beijing Construction Engineering Group's joint project in Haidian Banbidian area, named 'Xi Rui', plans 14 residential buildings (3-5 story townhouses), about 330 units, average price RMB 124,600/sqm, main户型 165-275 sqm.保利发展与北京建工联合开发的海淀半壁店项目案名定为“熙瑞”，规划14栋3-5层洋房，约330套房源，均价12.46万元/㎡，主推165-275㎡产品。
2026-03-26Poly Developments launched its new residential project 'Poly Langjun' in Jiangmen, Beixin District CBD, a Haipai Oriental-style improvement housing project with plot ratio 2.2, featuring double clubhouses, AI smart management, and full steel climbing formwork construction.保利发展江门全新住宅项目“保利琅珺”城市展厅开放，位于北新区CBD，为海派东方风格改善型住宅，容积率2.2，规划双会所、AI智慧管理，采用全钢爬架铝模工艺。
2026-04-22Poly Development launched new product 'Poly Xirui' in Beijing, a low-density oriental courtyard residence, leveraging Poly Group's cultural resources, featuring 9 noise-reduction systems, 4 formaldehyde-free materials, 7-balance comfort system, and whole-house 4-stage water filtration.保利发展在北京发布战略新品“保利熙瑞”，为东方府院低密藏品，联动保利集团文化资源，打造9重降噪体系、4大净醛材料、7衡舒适系统及全屋4重净水过滤。
2026-06-25Poly Developments named its new Qingpu project 'Poly Hongqiao Hesong · Jingyuan' (保利虹桥和颂·璟园), acquired on June 2 for RMB 541 million, floor price RMB 16,000/sqm.保利发展青浦新盘案名定为“保利虹桥和颂·璟园”，该地块于6月2日以5.41亿元竞得，楼面价16000元/㎡。
Rental housing & Heyu brand租赁住房与和寓品牌
4 · 2025-04-29 → 2026-04-27
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Expansion of rental housing portfolio under the Heyu apartment brand.以和寓品牌扩大租赁住房规模。
2025-04-29At the results briefing, Poly Developments stated it aims to grow its rental housing portfolio to 200,000 units under management within three years, up from 45,000 units at end-2024, focusing on the 'Heyu' apartment brand.在业绩说明会上，保利发展表示未来三年目标在管租赁住房规模达20万间（截至2024年底为4.5万间），重点发展“和寓”公寓品牌。
2025-08-27Poly Development's property asset operating income grew 13% YoY to 2.54 billion yuan in H1 2025; Poly Property Services revenue rose 7% to 8.4 billion yuan; in-operation asset area reached 5.73 million sqm, including 26,000 rental housing units (up 18% vs end-2024).保利发展2025年上半年不动产资产经营收入同比增长13%至25.4亿元；保利物业营业收入提升7%至84亿元；在营资产面积573万平方米，其中在营租赁住房2.6万间（较上年末增加18%）。
2025-09-02H1 2025 operating cash flow turned positive to 16.017 billion yuan; cash on hand increased 3.3% to 138.562 billion yuan; full-caliber sales reached 145.171 billion yuan (industry No.1); asset operation revenue was 2.54 billion yuan (+13% YoY); in-operation rental housing reached 26,000 units (+18% vs end-2024).2025年上半年经营活动现金流净额转正至160.17亿元；期末现金增至1385.62亿元（+3.3%）；全口径销售额1451.71亿元（行业第一）；资产经营收入25.4亿元（同比+13%）；在营租赁住房2.6万间（较上年末+18%）。
2026-04-27Poly Development's rental apartment brand 'Poly Heyu' launched its first large-scale rental community 'Guanghe Community' in Shanghai, with community brand 'Xianliti', featuring ~200,000 sqm of parks, TOD integration, and themed floors.保利发展旗下长租公寓品牌“保利和寓”在上海打造的首个大型租赁社区“光合社区”启幕，发布社群品牌“线利体”，融合约20万平方米公园、TOD开发及特色楼层。
Profitability & margin guidance盈利能力与利润率指引
2 · 2025-04-29 → 2025-11-19
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CFO guidance on gross margin of unsold inventory and new sales, expecting improvement in settlement gross margin.CFO对未售存货及新销售毛利率的指引，预计结算毛利率改善。
2025-04-29At the results briefing, CFO Wang Yifu said the gross margin on unsold inventory (RMB 307 billion) was close to 14%, and the gross margin on new sales in Q1 2025 reached 16%, expecting full-year settlement gross margin to improve from 14%.在业绩说明会上，财务总监王一夫表示已售未结存货（3070亿元）毛利率接近14%，2025年一季度新销售毛利率达16%，预计全年结转毛利率在14%基础上有所提升。
2025-11-19Poly Developments stated on investor platform that profitability is under pressure due to industry downturn, but it focuses on Tier-1/2 cities, has good liquidity, and maintains reasonable investment intensity.保利发展在互动平台表示受行业下行影响盈利能力承压，但聚焦一二线核心城市，资金状况良好，保持合理投资强度。
Convertible bond fund replacement可转债资金置换
1 · 2025-05-28
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Use of convertible bond proceeds to replace self-raised funds already invested in 15 projects.使用可转债募集资金置换已投入15个项目的自筹资金。
2025-05-28Board approved using 1.641B yuan of convertible bond proceeds to replace self-raised funds already invested in 15 projects (e.g., Shanghai Poly Haishang Zhenyue, Beijing Poly Yijing Hexu).董事会同意使用16.41亿元可转债募集资金置换预先投入15个项目（如上海保利海上瑧悦、北京保利颐璟和煦）的自筹资金。
High-end property trading brand (Gaowuhang)高端房产交易品牌（高屋行）
2 · 2025-08-13 → 2026-01-08
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Launch and expansion of Poly Gaowuhang for high-end second-hand housing.保利高屋行高端二手房交易品牌的发布与扩张。
2025-08-13Poly Development's real estate marketing service company Poly Herun launched a sub-brand 'Poly Gaowu Hang' for high-end second-hand housing transactions, with flagship store opened in Guangzhou Zhujiang New Town on Aug 12, now in 4 cities: Guangzhou, Foshan, Dongguan, Suzhou.保利发展旗下保利和润成立子品牌'保利高屋行'从事高端二手房交易，旗舰店8月12日在广州珠江新城开业，已进入广州、佛山、东莞、苏州四城。
2026-01-08Poly Gaowuhang (高端房产交易品牌), a high-end property trading brand under Poly Herun, opened its flagship store in Shanghai's Xuhui Riverside, marking its entry into the Shanghai market. The brand plans to add 7-8 stores in Shanghai in 2026, focusing on homes priced above 20 million yuan.保利和润旗下高端房产交易品牌保利高屋行在上海徐汇滨江开设旗舰店，正式进入上海市场，计划2026年在上海新增7-8家门店，专攻总价2000万以上高端住宅。
REITs & asset-backed securitiesREITs与资产支持证券
1 · 2026-01-27
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Commercial real estate REITs application and approval.商业地产REITs的申报与获批。
2026-01-27Poly Development's 2nd interim board meeting approved the initiation of commercial real estate REITs application and issuance, using Guangzhou Poly Center (office) and Foshan Poly Water City (shopping mall) as underlying assets. The company plans to subscribe for at least 20% of the REITs shares, with a 60-month lock-up for the first 20%.保利发展2026年第2次临时董事会审议通过开展商业不动产REITs申报发行工作，以广州保利中心（写字楼）和佛山保利水城（购物中心）为底层资产，公司拟认购不低于20%发售份额，其中20%锁定期不少于60个月。
Related-party transactions & guarantees关联交易与担保
2 · 2026-04-17 → 2026-05-12
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Board approval of annual caps for related-party transactions and external guarantee quotas.董事会批准关联交易年度上限及对外担保额度。
2026-04-17Poly Development's board approved 2026-2028 related-party transaction caps: up to 2 billion yuan annually with joint ventures/associates and other related parties under China Poly Group, covering leasing, property management, sales agency, etc.保利发展董事会审议通过2026-2028年日常关联交易上限：每年与关联合营联营企业及其他关联方交易总额不超过20亿元，涉及租赁、物业管理、销售代理等。
2026-05-12Poly Developments' 2025 annual general meeting approved all 7 proposals including profit distribution, 2026 investment plan, external guarantees (up to RMB 50 billion), financial assistance (up to RMB 5 billion), and related party transactions (up to RMB 22 billion).保利发展2025年年度股东会审议通过全部7项议案，包括利润分配方案、2026年度投资计划、对外担保（不超过500亿元）、对外财务资助（不超过50亿元）及关联交易（不超过220亿元）。
Hedging & risk management套期保值与风险管理
1 · 2026-04-17
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Board approval of forward FX hedging plan to manage currency risk on overseas projects.董事会批准远期外汇套期保值计划以管理海外项目汇率风险。
2026-04-17Poly Development's board approved a 2026 hedging plan, using up to 1.4 billion yuan equivalent for forward FX hedging to manage currency risk on overseas projects.保利发展董事会审议通过2026年度套期保值业务计划，使用不超过14亿元人民币等值开展远期外汇套期保值业务，以对冲境外项目汇率风险。
Trust & asset-backed plans信托与资产支持计划
1 · 2026-04-28
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Extension of trust plan 'Zhicheng 322' and registration of self-owned commercial property asset-backed special plans.“致诚322号”信托计划展期及自持商业物业资产支持专项计划注册。
2026-04-28Trust plan 'Zhicheng 322' (9.39 billion yuan, issued by Poly (Hengqin) Capital subsidiary Guangzhou Jiayou) was extended for a second time to Oct 31, 2026; 60.7% of principal had been repaid as of the first extension.“至诚322号”信托计划（由保利（横琴）资本全资子公司广州嘉佑发行，规模约9.39亿元）第二次延期至2026年10月31日；首次延期以来已完成60.7%本金兑付。
Research institutes & subsidiaries研究院与子公司
2 · 2026-04-29 → 2026-05-06
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Launch of 'Poly Good Life System' and establishment of 'Poly Good Life Research Institute'.发布“保利好生活体系”并成立“保利好生活研究院”。
2026-04-29Poly Development officially launched the 'Poly Good Life System' and new brand proposition 'Three Goods Poly, Live with Heart', and announced the establishment of 'Poly Good Life Research Institute' at the 'Poly Good Life Trend Conference'.保利发展在“保利好生活趋势大会”上正式发布“保利好生活体系”与全新品牌主张“三好保利，用心生活”，并宣布成立“保利好生活研究院”。
2026-05-06Poly Developments launched the 'Poly Good Life System' and the brand proposition 'Three Good Poly, Live with Heart', and established the 'Poly Good Life Research Institute' at a trend conference in Guangzhou.保利发展在广州趋势大会上发布“保利好生活体系”及“三好保利，用心生活”品牌主张，并揭牌成立“保利好生活研究院”。
