POLY PROPERTY (00119) has unveiled its interim results for the six months ended June 30, 2026, revealing a notable financial downturn.

The company recorded revenue of HK$15.089 billion, representing a decrease of 18.19% compared to the prior corresponding period. A loss attributable to shareholders of the company of HK$740 million was posted, a stark reversal from the profit of HK$208 million achieved in the same period last year. The loss per share stood at HK$0.1937.

During the period, the property group achieved contracted sales amounting to HK$23.2 billion, with a contracted sales area of 799,000 square meters. The average contracted selling price reached approximately HK$29,051 per square meter.

The group also added new development projects, with a total planned gross floor area of 285,000 square meters and an aggregate land cost of about HK$10.8 billion throughout the interim period.

As of June 30, 2026, the property group held total land reserves of 11.16 million square meters, of which attributable land reserves stood at 8.59 million square meters.

The group’s debt structure remains stable, as indicators under the 'Three Red Lines' policy continue to be classified within the 'green' tier. Total borrowings were reduced by HK$2.4 billion, or 3.4%. Cash and cash equivalents represented 15.5% of total assets, underscoring ample liquidity. The average financing cost declined by 11 basis points from the end of last year to 2.75%.