As of the close on February 13, 2026, Poly Development (600048) closed at 6.74 yuan, down 3.44% from last week's 6.98 yuan. This week, Poly Development’s highest intraday price was 7.29 yuan on February 9. The lowest intraday price on February 13 was 6.71 yuan. Poly Development’s latest total market value is 80.681 billion yuan, ranking 2/89th in market value in the real estate development sector, and 235/5189th in the A-share market value of the two cities.
Focus on this week
Summary of company announcements
Poly Development Holding Group Co., Ltd. received a review inquiry letter from the Shanghai Stock Exchange on January 19, 2026, regarding the company’s application documents for issuance of convertible corporate bonds to specific objects. The company has completed the inquiry response together with relevant intermediaries, and has supplemented and revised the "Prospectus" and other documents. The relevant documents have been disclosed on the same day.
The total amount of funds planned to be raised in this issuance will not exceed 500,000,000 yuan, and the number of issuances will be 50 million convertible corporate bonds. The bond term will be six years and no guarantee will be provided. The funds raised will be used for nine real estate development projects under construction in Shanghai, Hangzhou, Guangzhou, Foshan, Shijiazhuang and other places. The projects have all obtained registration, approval and pre-sale permits, and meet the policy requirements of "guaranteeing the delivery of buildings and protecting people's livelihood".
Beijing Deheng Law Firm issued a supplementary legal opinion, confirming that the implementation entity of the fundraising project has the corresponding qualifications and that the project does not have major delivery risks. As a sponsor, China International Capital Corporation issued a letter of sponsorship for the issuance and a letter of sponsorship for listing and transfer. It believed that this issuance complied with the requirements of laws and regulations and met the conditions for listing and transfer on the Shanghai Stock Exchange.
Lixin Accounting Firm verified issues such as financial investment and the rationality of the scale of raised funds involved in the review letter of inquiry, and confirmed that the information disclosed was true and accurate, and the use of raised funds complied with regulations. The company has established a management system for raised funds to ensure that earmarked funds are used exclusively. During the reporting period, the company's revenue and profits declined, mainly affected by the overall adjustment of the real estate industry. However, the company's financial position was stable, with no large debt defaults and no large long-term financial investments at the end of the most recent period.
This issuance still needs to be reviewed and approved by the Shanghai Stock Exchange and approved for registration by the China Securities Regulatory Commission. There is uncertainty as to whether it can ultimately be implemented and when it will be implemented. The company will fulfill its information disclosure obligations based on progress.
The above content is compiled by Securities Star based on public information and generated by an AI algorithm (Network Information No. 310104345710301240019) and does not constitute investment advice.
