POLY DEVELOPMENTS AND HOLDINGS GROUP CO LTD

Overview

POLY DEVELOPMENTS AND HOLDINGS GROUP CO LTD is a China-based real-estate company focused on property investment and development, real-estate operations, and integrated real-estate services. Its businesses include property management and brokerage, design and construction, commercial and hotel operations, and services spanning culture and tourism, healthcare, education, and finance. The company describes its operations as covering more than 100 domestic and overseas cities.[1]

Established in 1992, the company is controlled by China Poly Group and describes its mission as “Serve the Country and Benefit the People, Pursue Excellence.” [2] In FY2025, revenue was RMB 308.144 billion; year-end employee count was 60,426.[3][4] [1]+3

Products & services

The company’s principal products are residential developments, especially commodity housing, alongside apartments, offices, shopping centres, star-rated hotels and exhibition venues. Named residential projects include Guangzhou Yuexiwang (玥玺湾) and Tianjun (天珺). Its stated home-product standards cover durability, comfort, green design, smart functions, refined delivery and warmth. The “Poly Smart Home” system is being piloted for whole-home device linkage, while its “Seven Balance” system addresses temperature, humidity, oxygen, cleanliness, hygiene, quiet and light and had been implemented in more than 10 projects. Disclosed materials do not specify engineering performance metrics for these systems.[5]+3

The company also provides property and community services and operates rental housing, shopping centres, hotels and offices. At FY2025 year-end, its major operating assets totalled about 6.2 million m² opened; rental housing included more than 71,000 managed units, of which over 35,000 were in operation. Asset-operation revenue was RMB5.14 billion.[9] Related offerings include commercial, hotel, apartment and elderly-care services, as well as public-service operations and exhibition-venue services. Poly Property, a subsidiary, reported FY2025 revenue of RMB17.13 billion; third-party property-management revenue was RMB5.86 billion, or 44.6% of its property-management revenue.[10]+2

In FY2025, real-estate sales generated RMB283.93 billion, approximately 92.1% of the company’s RMB308.14 billion consolidated operating revenue; the report does not further split real-estate sales by property type.[13][14] [5]+9

Geographic presence

Poly Developments and Holdings Group’s geographic focus is China, where its 2025 annual report identifies key development regions and core cities including Guangzhou, Shanghai and Hangzhou.[10][6] In 2025, core cities accounted for 92% of contracted sales; Guangzhou contributed approximately RMB 50 billion and Shanghai approximately RMB 39 billion. These figures represent contracted sales, not revenue by geography.[15]

The company lists its headquarters at Poly Development Plaza, 832 Yuejiang Zhong Road, Haizhu District, Guangzhou.[16] [10]+3

Business segments

Poly Developments and Holdings Group identifies three strategic businesses: **real-estate investment and development**, spanning the property-development chain from design and construction through sales and services; **real-estate asset operation**, including rental housing, shopping centres, hotels and office buildings; and **integrated real-estate services**, including property management and related public-area, hospitality and exhibition services.[17]+4

In its FY2025 main-business revenue disclosure, the company reported **real-estate sales** revenue of RMB 283.93 billion—approximately **92.1%** of consolidated revenue of RMB 308.14 billion—and **other** main-business revenue of RMB 23.51 billion, approximately **7.6%**.[13][14] The strategic divisions are not separately reported as three comparable consolidated revenue segments in that table. As additional scale indicators, asset-operation revenue was about RMB 5.14 billion (approximately **1.7%** of consolidated revenue), while Poly Property revenue was about RMB 17.13 billion (approximately **5.6%**); these figures are not separate segment lines in the group’s main-business table and should not be added to its reported revenue split.[19] [17]+7

Company history

Poly Developments and Holdings Group traces its origins to Guangzhou Poly Real Estate Development Co., Ltd., established in 1992. It completed shareholding-system reform and adopted the name Poly Real Estate Co., Ltd. in 2002, then listed on the Shanghai Stock Exchange on 31 July 2006.[20][21]

The company recorded its first entry into the 100-billion-yuan sales tier during the 2010–2016 period, and in 2016 identified a “one main business, two wings” strategy as a milestone. In October 2018 it changed its name from Poly Real Estate (Group) Co., Ltd. to Poly Developments and Holdings Group Co., Ltd.[20][21]

A group subsidiary, Poly Property Development Co. (Poly Services), listed in Hong Kong in December 2019. In July 2021, Liu Ping succeeded Song Guangju as chairman of the parent company.[22][23] [20]+3

Sources

• polycn.com[1]
• polycn.com[2]
• static.cninfo.com.cn[3]
• data.eastmoney.com[4]
• POLY DEVELOPMENTS AND HOLDINGS GROUP CO LTD — Full financial report (2025 Y)
  12 citations

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• www.eeo.com.cn[15]
• polycn.com[16]
• static.cninfo.com.cn[19]
• polycn.com[20]
• static.sse.com.cn[21]
• www1.hkexnews.hk[22]
• www.36kr.com[23]