Top 20 property developers in China
- By Zhang Junmian
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China.org.cn, May 24, 2011
Poly Real Estate Group
|
|
Stock Code |
Total Assets (RMB) |
Sales Revenue (RMB) |
Sales Area (million sq m) |
|
600048.SH |
152.33 billion |
66.2 billion |
6.88 |
Poly Real Estate Group (Poly Real Estate), a major state-owned real estate company held by China Poly Group Corporation, serves as the major platform for China Poly Group's real estate transactions. The company is based in Guangzhou, Guangdong.
Poly Real Estate is engaged in the design, development, construction and sales of residential and commercial properties, as well as the provision of property management services. The company went public on the Shanghai Stock Exchange on July 31, 2006.
In 2010, the company's total assets and net assets stood at 152.33 billion yuan and 29.7 billion yuan, respectively. The revenue was 35.89 billion yuan, with net profits of 4.92 billion yuan.
