{
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  "organisationId": "O-3f93c6900083401f86500246c2e1fd5d",
  "slug": "poly-developments-and-holdings-group-co",
  "name": "POLY DEVELOPMENTS AND HOLDINGS GROUP CO LTD",
  "updatedAt": "2026-09-28T14:42:40.870073Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Poly Developments and Holdings Group Co., Ltd. is a China-based real estate company whose core business is residential property development. It also operates commercial properties, including offices, hotels and shopping centers, and provides property-related services. Its development activity focuses on China’s major regions and core cities, with some overseas activity. [P155126444][P155126445][T17887645]\n\nThe company describes its mission as meeting people’s needs for a better life through housing and related services. It reported revenue of approximately RMB 311.7 billion in 2024. [P155126904][T17887635]\n[P155126444][P155126445][T17887645][P155126904][T17887635]",
      "updatedAt": "2026-09-28T14:42:40.870073Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Poly Developments’ principal product is residential property. Its “Tian Yue Ren He” (天悦人和) housing brand comprises three product series and 12 sub-brands; the company also develops apartments and other property types. Property sales accounted for approximately 92.6% of main-business revenue in 2024, calculated from its reported revenue categories. [P155126491][P155126458][T17887642]\n\nBeyond homes for sale, Poly operates rental apartments under the “Heyu” (和寓) brand and shopping centres under the “Shiguangli,” “Shiguanghui” and “X Shiguang” brands. Its operating properties also include offices, hotels, exhibition venues and industrial parks. At year-end 2024, it reported more than 45,000 rental-apartment units under management, of which more than 22,000 were operating. [P155126445][P155126496][P155126497][P155126498]\n\nThrough Poly Property, the company provides property management and community services. Its reported community offerings include retail, housekeeping, home sales and rental brokerage, and home improvement. At year-end 2024, the property-management platform had approximately 800 million square metres under management. [P155126499][P155126500][P155126503]\n[P155126491][P155126458][T17887642][T17887642][P155126445][P155126496][P155126497][P155126498][P155126499][P155126500][P155126503]",
      "updatedAt": "2026-09-28T14:42:40.870073Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Poly Developments and Holdings Group is headquartered in Guangzhou, Guangdong province. Its reported revenue spans multiple Chinese provinces and municipalities. In 2024, Guangdong accounted for RMB107.6 billion, or 34.7%, of its RMB310.3 billion in geographically reported main-business revenue. Jiangsu contributed 7.3%, Zhejiang 5.9% and Beijing 4.1%. [T17887631][T17887911]\n\nThe company concentrates its property sales in major Chinese cities: 38 core cities accounted for 90% of contracted sales in 2024. Its 2023 contracted sales exceeded RMB140 billion in the Yangtze River Delta and RMB110 billion in the Pearl River Delta. These contracted-sales figures are distinct from recognized revenue. The company also lists legal entities in the United States, Australia and the United Kingdom, but its geographic revenue breakdown does not separately quantify overseas revenue. [P155126469][P155133151][P155133152][T17887911][P155127949][P155127950]\n[T17887631][T17887911][T17887911][T17887911][T17887911][T17887911][P155126469][P155133151][P155133152][P155127949][P155127950]",
      "updatedAt": "2026-09-28T14:42:40.870073Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Poly Developments describes its business lines as real-estate development, property services, commercial operations and brokerage services. In its 2024 revenue discussion, real-estate development generated approximately RMB287.35 billion, or 92% of total revenue, while diversified businesses generated approximately RMB24.3 billion, or 8%. These are broad business groupings rather than four separately quantified segments. [P155126446][P155126481]\n\nWithin diversified businesses, property-management services generated approximately RMB16.3 billion, equivalent to about 5% of total revenue. Commercial-operation assets, including rental housing, shopping centres, hotels and offices, generated approximately RMB4.0 billion, or about 1%. Brokerage is identified as an activity, but no separate revenue contribution is given. [P155126481][P155126495][P155126503]\n[P155126446][P155126481][P155126495][P155126503]",
      "updatedAt": "2026-09-28T14:42:40.870073Z"
    },
    {
      "type": "HISTORY",
      "text": "Poly Developments and Holdings Group traces its origins to Guangzhou Poly Real Estate Development Company, established in Guangzhou on 14 September 1992 by Poly Southern Group, a subsidiary of China Poly Group. In August 2002, the business was reorganized as a joint-stock company named Poly Real Estate Co., Ltd. [P155127546]\n\nThe company adopted the name Poly Real Estate (Group) Co., Ltd. in March 2006. It issued shares that July and began trading on the Shanghai Stock Exchange on 31 July 2006. In October 2018, it took its present name, Poly Developments and Holdings Group Co., Ltd. [P155127546][P155127547]\n[P155127546][P155127547]",
      "updatedAt": "2026-09-28T14:42:40.870073Z"
    }
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