Poly Property Services Co., Ltd. Class H (6049) AI Stock Analysis

• Market Cap: HK$17.26B
• Dividend Yield: 3.51%
• Average Volume (3M): 1.34M
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.25
• Revenue Growth: 6.53%
• EPS Growth: 4.78%
• Country: HK
• Employees: 30,125
• Sector: Real Estate
• Sector Strength: 81
• Industry: Real Estate - Services
• EPS (TTM): 2.91
• Shares Outstanding: 347,000,100
• 10 Day Avg. Volume: 911,724
• 30 Day Avg. Volume: 1,342,016
• PEG Ratio: 2.24
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$40.00
• Price Target Upside: 28.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Poly Property Services Co., Ltd. scores well due to its strong financial performance, characterized by robust revenue growth and stable profit margins, supported by a healthy balance sheet with low leverage. While historical cash flow generation is promising, a lack of recent data tempers this strength. The technical analysis provides a neutral outlook, with no clear momentum signals. The valuation appears attractive, with a favorable P/E ratio and dividend yield, supporting the overall positive assessment.

Poly Property Services Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Poly Property Services Co., Ltd. Class H (6049) is a prominent property management company in China. It operates primarily in the real estate sector, providing a comprehensive range of property management services. The company is known for managing residential communities, commercial properties, and public infrastructure, offering services such as security, cleaning, landscaping, and repair and maintenance.

How the Company Makes Money

Poly Property Services Co., Ltd. generates revenue through various streams within the property management sector. The company primarily earns income by charging management fees for its services in residential and commercial properties. These fees are typically based on the size and nature of the property managed. Additional revenue is generated from value-added services, such as consultancy, facility management, and community value-added services, which include customized solutions for homeowners and businesses. Strategic partnerships with real estate developers and local government projects also play a significant role in sustaining and growing its revenue base.

Poly Property Services Co., Ltd. Class H Financial Statement Overview

Summary

Poly Property Services Co., Ltd. showcases a robust financial performance with strong revenue and profit growth, supported by efficient cost management and operational efficiency. The balance sheet is stable with low leverage, indicating financial resilience. Cash flow generation has been consistent historically, though more recent data is needed for a comprehensive current assessment.

Income Statement

The company has demonstrated strong revenue growth over the years, with a 24.2% increase from 2020 to 2021 and a consistent upward trend into 2024. Gross profit margin improved, indicating effective cost management, and net profit margins are healthy. EBIT and EBITDA margins reflect robust operational efficiency. Overall, the income statement shows a solid performance with consistent profitability.

Balance Sheet

The balance sheet is strong, with a significant equity base and a low debt-to-equity ratio due to minimal debt levels. Return on equity remains positive, reflecting efficient use of equity capital. The equity ratio indicates a well-capitalized company, suggesting low financial risk. However, the slight increase in total liabilities over the years warrants monitoring.

Cash Flow

The company has displayed consistent free cash flow generation, indicating strong cash-generating ability. However, the absence of recent data for operating, investing, and financing cash flows poses a challenge in assessing current cash flow health. The historical trend shows positive operating cash flow relative to net income, but more recent data would provide a clearer picture.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
16.34B	15.06B	13.69B	10.78B	8.04B
	Gross Profit
2.98B	2.95B	2.57B	2.01B	1.50B
	EBIT
1.85B	1.78B	1.36B	999.15M	714.15M
	EBITDA
1.93B	2.23B	1.90B	1.50B	1.04B
	Net Income Common Stockholders
1.47B	1.38B	1.11B	845.69M	673.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.08B	11.18B	9.11B	7.84B	7.45B
	Total Assets
16.78B	14.88B	13.11B	11.14B	9.44B
	Total Debt
105.65M	111.70M	107.22M	114.59M	238.12M
	Net Debt
-9.79B	-10.90B	-8.85B	-7.58B	-7.21B
	Total Liabilities
6.91B	6.00B	5.26B	4.25B	3.20B
	Stockholders Equity
9.70B	8.72B	7.69B	6.79B	6.17B
Cash Flow		Free Cash Flow
0.00	2.34B	1.40B	1.37B	487.14M
	Operating Cash Flow
0.00	2.42B	1.47B	1.45B	548.83M
	Investing Cash Flow
0.00	56.29M	-97.84M	-858.30M	59.80M
	Financing Cash Flow
0.00	-418.27M	-137.62M	-339.81M	302.33M

Poly Property Services Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 31.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6049, the sentiment is Neutral. The current price of 31.2 is below the 20-day moving average (MA) of 31.22, below the 50-day MA of 31.37, and above the 200-day MA of 29.84, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 54.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6049.

Poly Property Services Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2869	76 Outperform	HK$13.83B	18.53	8.94%	3.43%	1.01%	12.45%
1209	75 Outperform	HK$84.57B	21.49	22.39%	2.25%	13.34%	21.64%
3393	73 Outperform	HK$8.14B	10.67	13.34%	3.39%	18.17%	33.08%
6098	68 Neutral	$23.50B	12.07	4.96%	0.36%	1.31%	379.84%
6049	66 Neutral	HK$17.26B	10.73	16.04%	3.51%	6.53%	4.78%
Sector *	60 Neutral	$2.81B	11.04	0.20%	8508.34%	6.12%	-16.66%
3319	46 Neutral	€4.13B	―	-29.17%	3.59%	-11.94%	-756.32%

Poly Property Services Co., Ltd. Class H Corporate Events

Poly Property Services Announces Final Dividend for 2024

Poly Property Services Co., Ltd. has announced a final cash dividend of RMB 1.332 per share for the financial year ending December 31, 2024. The dividend will be paid on July 25, 2025, with various dates set for ex-dividend and record purposes. The announcement includes details on withholding tax rates for non-resident enterprise and individual shareholders, highlighting a 10% tax rate applicable to both categories.

Poly Property Services Unlocks Second Tranche of Share Incentive Scheme

Poly Property Services Co., Ltd. has announced the unlocking of the second tranche of its Initial Grant under the Restricted Share Incentive Scheme. This decision, approved by the board of directors, allows 156 participants to unlock a total of 1,343,628 H Shares, following the fulfillment of the necessary conditions. The scheme aims to incentivize and retain key personnel, potentially impacting the company’s operational efficiency and stakeholder confidence positively.

Poly Property Services Completes H Share Full Circulation

Poly Property Services Co., Ltd. has completed the conversion of 193,666,690 Domestic Shares to H Shares, marking the full circulation of its H Shares. This conversion significantly alters the company’s shareholding structure, increasing the proportion of H Shares to 62.711% from 27.711%, which could enhance the company’s liquidity and attractiveness to international investors.

Poly Property Services Announces Board Changes with New Director Appointments

Poly Property Services Co., Ltd. has announced a proposed change in its board of directors, with Mr. Yao Yucheng nominated as an executive director and Mr. Liu Zhihui as a non-executive director, pending approval at the upcoming AGM. This change follows the resignation of Mr. Huang Hai due to work adjustments, and the company has expressed gratitude for his contributions. These appointments are expected to align with the company’s strategic goals and enhance its governance structure.

Poly Property Services Reports Revenue Growth and Increased Dividends for 2024

Poly Property Services Co., Ltd. reported an 8.5% increase in revenue for the year ending December 31, 2024, reaching RMB16,342.3 million. Despite a slight decrease in net profit margin, the company saw a 6.6% rise in profit for the year, with significant growth in property management services revenue. The company also proposed a 33.5% increase in annual dividend distribution, reflecting a strong financial performance and commitment to shareholder returns.

Poly Property Services Announces 2024 Final Dividend

Poly Property Services Co., Ltd. has announced a final ordinary cash dividend of RMB 1.332 per share for the financial year ending December 31, 2024. This announcement, made on March 31, 2025, reflects the company’s commitment to returning value to its shareholders, with the payment date set for July 25, 2025. The declaration of this dividend may indicate strong financial health and operational success, potentially strengthening the company’s position in the property management sector.

Poly Property Services to Review Annual Results and Dividend Proposal

Poly Property Services Co., Ltd. has announced that its board of directors will convene on March 31, 2025, to review and approve the audited annual results for the year ending December 31, 2024. The meeting will also address the potential recommendation of a final dividend and other corporate matters, which could impact the company’s financial strategy and shareholder returns.