Poly Developments: Revenue slightly decreases in 2025, net profit decreases by nearly 80% year-on-year.

Poly Developments announced that in 2025, its total operating income was 308.261 billion yuan, a year-on-year decrease of 1.09%; the net profit attributable to shareholders of the listed company was 1.026 billion yuan, a year-on-year decrease of 79.49%; and the non-recurring net profit was 628 million yuan, a year-on-year decrease of 85.25%. The main reason for the decline in profits is the year-on-year decline in the gross profit margin of real estate projects. It is planned to provision for asset and credit impairment losses of about 6.9 billion yuan, which is expected to reduce the net profit attributable to the parent company by about 4.2 billion yuan. As of the end of 2025, the company held 105 million repurchased shares. The above data is based on preliminary calculations, and the specific figures will be subject to the annual report.