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

• Market Cap: HK$18.59B
• Dividend Yield: 4.33%
• Average Volume (3M): 866.30K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 1.21
• Revenue Growth: 6.54%
• EPS Growth: 3.26%
• Country: HK
• Employees: 30,125
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1.77
• Shares Outstanding: 347,000,100
• 10 Day Avg. Volume: 541,338
• 30 Day Avg. Volume: 866,298
• PEG Ratio: 1.57
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 11.25
• 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$43.75
• Price Target Upside: 28.45% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 68 Neutral
• Price Target: HK$37.00 ▲(8.63% Upside)

Poly Property Services Co., Ltd. demonstrates strong financial performance with robust revenue and profit growth, supported by efficient cost management. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, technical indicators suggest weak momentum, which may pose a short-term risk.

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

Company Description

Poly Property Services Co., Ltd., together with its subsidiaries, provides property management services in the People's Republic of China. The company offers services for residential communities, commercial and office buildings, and public and other properties under the Harmony Courtyard, Oriental Courtesy, Nebula Ecology, and Towns Revitalisation brands. It also provides community and value-added services to non-property owners, such as pre-delivery services to property developers for assisting in property sales and marketing activities at property sales venues and display units, which primarily include visitor reception, cleaning, and security inspection and maintenance, as well as other value-added services to nonproperty owners, such as consultancy, inspection, delivery, and asset operation services. In addition, the company offers fitness, housekeeping, landscaping, and catering management services. As of December 31, 2021, it had a total of 2,428 contracted projects with an aggregate contracted gross floor area of approximately 656.3 million square meters covering 196 cities across 29 provinces, municipalities, and autonomous regions in China. The company was formerly known as Poly Property Development Co., Ltd. and changed its name to Poly Property Services Co., Ltd. in July 2020. The company was incorporated in 1996 and is based in Guangzhou, China. Poly Property Services Co., Ltd. is a subsidiary of Poly Developments and Holdings Group Co., Ltd.

How the Company Makes Money

Poly Property Services Co., Ltd. generates revenue primarily through fees charged for property management services. These services encompass a wide range of activities, including routine maintenance, security services, and landscaping, which are essential for the upkeep of residential and commercial properties. The company enters into long-term contracts with property owners or developers, ensuring a stable income stream. Additional revenue is generated through value-added services offered to residents, such as housekeeping, repair services, and community event management. Strategic partnerships with real estate developers and government bodies further bolster its revenue, as these collaborations often lead to new property management contracts and expanded service offerings.

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

Summary

Poly Property Services Co., Ltd. demonstrates robust financial performance with strong revenue and profit growth, effective cost management, and operational efficiency. The balance sheet is stable with low leverage, indicating financial resilience. However, the absence of recent cash flow data limits the assessment of current cash flow health.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.86B	16.34B	15.06B	13.69B	10.78B	8.04B
Gross Profit	3.00B	2.98B	2.95B	2.57B	2.01B	1.50B
EBITDA	1.99B	1.93B	2.23B	1.90B	1.50B	1.04B
Net Income	1.52B	1.47B	1.38B	1.11B	845.69M	673.52M
Balance Sheet
Total Assets	17.62B	16.78B	14.88B	13.11B	11.14B	9.44B
Cash, Cash Equivalents and Short-Term Investments	9.85B	9.89B	11.18B	9.11B	7.69B	7.45B
Total Debt	101.52M	105.65M	111.70M	107.22M	114.59M	238.12M
Total Liabilities	7.56B	6.91B	6.00B	5.26B	4.25B	3.20B
Stockholders Equity	9.87B	9.70B	8.72B	7.69B	6.79B	6.17B
Cash Flow
Free Cash Flow	1.58B	1.40B	2.34B	1.40B	1.37B	487.14M
Operating Cash Flow	1.68B	2.30B	2.42B	1.47B	1.45B	548.83M
Investing Cash Flow	-2.04B	-2.82B	56.29M	-97.84M	-858.30M	59.80M
Financing Cash Flow	-586.73M	-604.66M	-418.27M	-137.62M	-339.81M	302.33M

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

• Technical Analysis Sentiment: Positive
• Last Price: 34.06
• 50DMA: Negative
• 100DMA: Negative
• 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 Positive. The current price of 34.06 is below the 20-day moving average (MA) of 34.25, below the 50-day MA of 34.92, and above the 200-day MA of 31.80, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 50.64 is Neutral, neither overbought nor oversold. The STOCH value of 34.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	―	HK$14.75B	17.19	10.30%	2.90%	-0.95%	14.89%
2669	―	$15.99B	9.43	30.27%	3.63%	―	―
6049	―	HK$18.59B	11.29	15.94%	4.33%	6.54%	3.26%
6098	―	$21.10B	14.22	3.72%	4.92%	7.23%	―
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2602	―	HK$27.01B	21.29	7.08%	1.48%	5.75%	-31.63%
6666	―	HK$12.00B	11.19	185.17%	―	4.74%	-21.33%

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

Poly Property Services Reports Revenue Growth Amidst Mixed Service Performance

Poly Property Services Co., Ltd. reported a 6.6% increase in revenue for the first half of 2025, reaching RMB8,392.0 million. The growth was primarily driven by a 13.1% increase in property management services, despite declines in other service areas. The company’s gross profit rose by 1.0%, while net profit increased by 5.8%, although both gross and net profit margins experienced slight decreases. These results reflect a solid performance in the core property management sector, indicating a stable operational footing despite challenges in other service lines.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$37.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Schedules Board Meeting to Review Interim Results

Poly Property Services Co., Ltd. has announced a board meeting scheduled for August 25, 2025, to discuss and approve the interim results for the first half of the year ending June 30, 2025. This meeting is significant as it will address the company’s financial performance and potentially impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces Leadership Appointment

Poly Property Services Co., Ltd. announced the appointment of Ms. Wu Lanyu, who is currently the executive director and chairman of the board, as the deputy general manager of its controlling shareholder, Poly Developments and Holdings Group Co., Ltd. This appointment may influence the company’s strategic direction and leadership dynamics, potentially impacting its operations and stakeholder relationships.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.