Poly Property Services (06049) saw its stock price plummet by 5.03% during intraday trading on Monday, despite the company's announcement of its annual dividend and fiscal year results. The sharp decline suggests that investors may have been disappointed with the company's financial performance or dividend payout.
According to the company's latest announcements, Poly Property Services proposed an annual dividend of RMB1.332 per share. The property management firm also reported its financial results for the fiscal year, with revenue reaching RMB16,342.3 million, gross profit at RMB2,984.3 million, and net income of RMB1,489.4 million.
While the company did provide a dividend and report positive financial figures, the market's negative reaction indicates that these results may have fallen short of investors' expectations. The property management sector in China has been facing challenges due to the ongoing real estate market slowdown, which could be contributing to the pessimistic sentiment surrounding Poly Property Services' stock.
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