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China Evergrande Group Ord Shs
Market news
Financials
Income Statement
Revenue
Net income
| (CNY) | 2022info | Y/Y change |
|---|---|---|
Revenue | 230.07B | -7.98% |
Operating expense | 48.44B | -41.23% |
Net income | -105.91B | 77.75% |
Net profit margin | -46.04 | 75.82% |
Earnings per share | -8.74 | 77.72% |
EBITDA | -19.01B | 95.91% |
Effective tax rate | -11.57% | — |
Balance Sheet
Total assets
Total liabilities
| (CNY) | 2022info | Y/Y change |
|---|---|---|
Cash and short-term investments | 22.46B | -5.74% |
Total assets | 1.84T | -12.75% |
Total liabilities | 2.44T | -5.53% |
Total equity | -599.07B | — |
Shares outstanding | 13.20B | — |
Price to book | -0.00 | — |
Return on assets | -0.80% | — |
Return on capital | -10.70% | — |
Cash Flow
Net change in cash
| (CNY) | 2022info | Y/Y change |
|---|---|---|
Net income | -105.91B | 77.75% |
Cash from operations | -12.22B | 76.32% |
Cash from investing | -13.10B | 9.07% |
Cash from financing | 24.22B | 127.74% |
Net change in cash | -1.10B | 99.28% |
Free cash flow | 7.28B | -97.47% |
About
The China Evergrande Group is a defunct Chinese property development company. Before its dissolution in 2024, it had become the second largest property developer in China by sales and the most valuable real estate company worldwide. Evergrande's sudden collapse in 2021 sparked the ongoing Chinese property sector crisis.
Evergrande was founded in 1996 by Hui Ka Yan. It sold apartments mostly to upper- and middle-income earners. Evergrande was incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China.
By 2017 Evergrande had become the second largest property developer by sales in China. In 2018, Evergrande became the most valuable real estate company in the world, but by 2021 it had collapsed financially and started the Chinese property sector crisis under Xi Jinping's policy. The company eventually filed for bankruptcy in the United States in 2023, which was followed by a court-ordered liquidation in Hong Kong in January 2024. Wikipedia
Founded
1996
Headquarters
Website
Employees
121,368
