Poly Real Estate

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Poly Real Estate Group Co., Ltd.
public
Traded as SSE: 600048
Industry Real estate development
Founded 14 September 1992; 24 years ago (1992-09-14)[1]
Founder China Poly Group
Headquarters Guangzhou, China
Area served
mainland China
Key people
Song Guangju (chairman)
Liu Ping (managing director)
Revenue Increase CN¥154.773 billion (2016)
Increase CN¥023.123 billion (2016)
Profit Steady CN¥012.422 billion (2016)
Total assets Increase CN¥467.997 billion (2016)
Total equity Increase CN¥089.253 billion (2016)
Owner
China Poly Group (40.87%)
China Securities Finance (02.58%)
Central Huijin (01.52%)
general public (55.03%)
Parent
Poly Southern Group (direct)
China Poly Group (intermediate)
The SASAC (intermediate)
The State Council (ultimate)
Website gzpoly.com
Footnotes / references
in consolidated financial statement[2]
Poly Real Estate Group Co., Ltd.
Simplified Chinese 保利房地产(集团)股份有限公司
Traditional Chinese 保利房地產(集團)股份有限公司
Poly Real Estate
Simplified Chinese 保利地产
Traditional Chinese 保利地產

Poly Real Estate Group Co., Ltd. is a Chinese real estate developer, and a subsidiary of state-owned China Poly Group. It principally engaged in the design, development, construction and sale of residential and commercial properties, as well as the provision of property management services.[3] It is engaged in residential and commercial property development and property management services in China.

Poly Real Estate is headquartered in Guangzhou, Guangdong Province.[4] It was listed on the Shanghai Stock Exchange on 31 July 2006.[5] Poly Real Estate is a consistent of blue chip indexes SSE 50 Index, FTSE China A50 Index and other indexes.

Land Holdings[edit]

As of September 2009 Poly Real Estate had land reserves totaling 23.5 million square meters.[6]

Shareholders[edit]

As of 31 December 2016, the largest and controlling shareholder of the company was state-owned China Poly Group, which owned 2.82% shares directly and via subsidiary "Poly Southern Group Co., Ltd." (Chinese: 保利南方集团有限公司) for an additional 38.05%. The Chinese Central Government also owned additional shares via China Securities Finance and Central Huijin. Other entities that owned >3% shares were private equity funds of Taikang Life Insurance (4.15%) and AnBang Property & Causality Insurance (3.41%).[2]:41

See also[edit]

References[edit]

  1. ^ Data from http://www.gsxt.gov.cn
  2. ^ a b "2016 Annual Report" (PDF). Poly Real Estate (in Chinese). Shanghai Stock Exchange. 18 April 2017. Retrieved 22 June 2017. 
  3. ^ Poly Real Estate (Group) Co., Ltd. China Poly Group
  4. ^ Poly Real Estate Group Co., Ltd Google Finance
  5. ^ 600048 公司概况 Shanghai Stock Exchange, accessed on 22 June 2017 (in Chinese)
  6. ^ China Business News - The China Perspective

External links[edit]