Leading developers expected to unveil bullish earnings

In the first 2013 earnings estimate released by major developers, Poly Real Estate Group said on Thursday that its 2013 net profit will have surged 27.63 percent year-on-year to reach 10.77 billion yuan ($1.78 billion).

Poly Real Estate, China's second-largest property developer, is expected to generate 92.3 billion yuan in revenue for 2013, up 34 percent year-on-year.

The Shanghai-listed real estate giant sold 10.64 million square meters of gross space area in 2013, rising 18.11 percent from the previous year, with a total value of 125.3 billion yuan.