PolyDevelopment breaksCountry GardenThe hegemony of the new "universe first."Real estate enterprises”。This marks the private sectorReal estate enterprisesThe end of the era, state-runReal estate enterprisesThe time has come. PolyThe development performance is stable, and the sales amount ranks first, and it sits firmlyReal estate enterprisesChampion Throne. At the same time, the top tenReal estate enterprisesThere has also been a major reshuffle, and central enterprises have begun to rise. Among them, Vanke ranked second and became the largest shareholder of the state-owned Shenzhen Metro Group. China Overseas Real EstateChina Resources Landand China Merchants Shekou ranked third to fifth, both of which were central enterprises. Country GardenIt slipped to sixth place, with Greentown China in seventh place and China Communications Construction Group becoming its largest shareholder. C&D Real Estate, Longfor and Gemdale ranked eighth to tenth, respectively, among themC&D Real EstateIt is a state-owned enterprise in Xiamen.
PolyDevelopment as a veteran brandReal estate enterprises, with good enterprise strength. Formerly known as:PolyReal estate, founded in 1992, thanCountry GardenwithEvergrandeEarly. As a central enterprise,PolyReal estate has always been not weak, in the private sectorReal estate enterprisesThe era of rise, although it was squeezed out of the top four, has always remained at the forefront. In the private sectorReal estate enterprisesAgainst the background of a thunderstorm,PolyDevelopment rose against the trend, and its performance continued to improve, and finally it will reach the top in 2023 to become the "largest in the universe."Real estate enterprises
PolyThe company's debt ratio is relatively low, and it is mainly dominated by real estate business, and has property, cultural tourism, hotel apartments and other businesses. In the first three quarters of 2023,PolyDevelopment's revenue and net profit increased by 23 percent year-on-year10% and 133%, especially in the private sectorReal estate enterprisesIn the case of general losses, quite good results were achieved. In the coming years,PolyDevelopment is expected to be stableReal estate enterprisesSales first, the scale of business will be further expanded.
PolyThe parent company of developmentPolyThe group is one of the important central enterprises in the country. PolyThe group has nine major businesses, in addition to real estate and military trade business, but also involves light industry business, craft business and cultural business, covering a variety of industries. PolyThe background of the Group began with the disarmament of 1983, when it was created to address the huge problem of arms placementPolyTechnologyInitially,PolyThe main business is sellingMilitaryThe products have made important contributions to the cause of national defense diplomacy and the modernization of military equipment technology. withReform of central enterprisesand the proceeding of reorganization,PolyThe group continues to grow, and has been merged into China Light Group Corporation, China National Craft Group Corporation, China China Silk Group, China Huaxin Post and TelecommunicationsTechnologyand Shanghai Nokia Bell Co., Ltd. and other enterprises. Currently,PolyThe Group is a leader in the nine major business areas in China.
PolyThe group also owns civil explosives, silk, communications,Financeand other businesses, committed to serving the national strategy and the countryEconomyDevelop. The real estate business is justPolyOne of the Group's many businesses. PolyThe group has not only been deeply engaged in China, but has also entered the world's top 500 companies for many years, and in 2023, it will be listed in the ".Wealth》Ranked 191st in the world's top 500, with a revenue of 676$95.9 billion.
AsPolyOne of the origins and core businesses of the GroupMilitaryInPolyIt plays an important role in development. In 1983,PolyTechnologyIt was established with the objective of solving disarmament problems. PolyTechnologyThe establishment of the country has made outstanding contributions to the modernization of national military equipment technology, and has ranked among the top three in China's trade industry for 16 consecutive years. withReform of central enterprisesand the advancement of restructuring,PolyThe strength of the group continues to improve.
PolyDevelopment asPolyThe Group's subsidiaries benefit from:PolyThe group is inMilitaryExperience and resources in the field. AlthoughPolyThe main business of development is real estate, butMilitaryThe background still provides it with a unique competitive advantage. MilitaryBackground makesPolyThe development has a stable management style and excellent management ability. PolyWhen developing real estate business, Development can better respond to market risks and challenges and maintain a stable development trend.
At the same time,PolyDevelopment is also expanding into other areas of business, which are no longer limited to real estate. Through mergers and acquisitions and restructuring, etcPolyThe group has gradually entered the fields of light industry business, craft business, and cultural business. The development of these businesses has also benefited from:PolyGroup enrichedMilitaryBackground. PolyThe Group's solid strength and professionalism in these areas make it a leader in its respective industries.
PolyThe establishment and development of the group are to serve the country's development strategy andEconomyVitals. As one of the 98 central enterprises managed by the State-owned Assets Supervision and Administration CommissionPolyThe Group has an important mission and responsibility. PolyThe group's business scope is extensive, involving real estate, military trade, light industry, technology, culture and other fields, covering almost all countriesEconomyand all aspects of social development.
MilitaryBusiness isPolyOne of the group's earliest major businesses, due to itsMilitarybackground and excellent performance in the arms trade industry,PolyThe group has made outstanding contributions to the modernization of national military equipment technology. PolyGroup'sMilitaryBusiness is not only provided for the stateMilitaryequipment, but also for the modernization of the army and the development of the military has provided strong support, and has won a good reputation in the international arms trade market.
InReform of central enterprisesand in the process of reorganizationPolyThe Group has continued to grow and further expanded its business scope by merging with other state-owned enterprises and enterprises. PolyThe Group's business is oriented to serve the development of the country, for the countryEconomydevelopment and modernization have provided strong support. Whether it is real estate business or light industry, technology, culture and other businessesPolyThe group has become a leader in the industry with its steady strength and professional level.
Eventually,PolyThe comprehensive strength of the group has been recognized, and it has entered the world's top 500 for many consecutive years, and in 2023, it will be listed in the "Wealth》Ranked 191st in the world's top 500, with revenue of more than $67 billion. This showsPolyThe influence and importance of the Group in the domestic and foreign markets.
In summary,PolyThe rise of development marks the private sectorReal estate enterprisesThe end of the era, state-runReal estate enterprisesThe time has come. PolyWith its steady development of business style and excellent management ability, Development has achieved excellent performance in the field of real estate. PolyGroup asPolyThe development of the parent company, not onlyMilitaryIt has an important influence in the field, and has also demonstrated steady strength in many fields, making important contributions to national development. In the coming years,PolyDevelopment is expected to be stableReal estate enterprisesThe throne of sales first, the scale of business will be further expanded. PolyAs one of the country's important central enterprises, the group will continue to play an important role for the countryEconomyWe will make greater contributions to development and modernization.