Home3333 • HKG
Follow
China Evergrande Group
$1.65
Aug 10, 4:08:06 PM GMT+8 · HKD · HKG · Disclaimer
Previous close
$1.65
Year range
$1.16 - $6.61
Market cap
21.80B HKD
P/E ratio
-
Dividend yield
-
Primary exchange
HKG
In the news
Financials
Income Statement
Revenue
Net income
(CNY) | Jun 2021info | Y/Y change |
---|---|---|
Revenue | 111.34B | -16.48% |
Operating expense | 13.94B | 15.66% |
Net income | 7.19B | 119.92% |
Net profit margin | 6.46 | 163.67% |
Earnings per share | — | — |
EBITDA | 1.52B | -93.16% |
Effective tax rate | 41.39% | — |
Balance Sheet
Total assets
Total liabilities
(CNY) | Jun 2021info | Y/Y change |
---|---|---|
Cash and short-term investments | 88.38B | -37.96% |
Total assets | 2.38T | 3.41% |
Total liabilities | 1.97T | -0.81% |
Total equity | 411.04B | — |
Shares outstanding | 13.20B | — |
Price to book | 0.11 | — |
Return on assets | 0.05% | — |
Return on capital | 0.12% | — |
Cash Flow
Net change in cash
(CNY) | Jun 2021info | Y/Y change |
---|---|---|
Net income | 7.19B | 119.92% |
Cash from operations | -7.42B | -510.49% |
Cash from investing | -9.81B | -54.74% |
Cash from financing | -18.72B | -5,815.64% |
Net change in cash | -35.99B | -673.23% |
Free cash flow | -5.91B | -164.71% |
About
The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world.
In 2021, the payments Evergrande had to make on its debt started the 2020–2022 Chinese property sector crisis; Evergrande's total debts were estimated in the hundreds of billions of dollars. This was one of the reasons for a drop in many stock market indices on September 20, 2021. At the end of 2021, the Chinese government was reportedly working to restructure Evergrande in order to resolve the crisis. The group also sought a moratorium on the early repayment option on one of its yuan-denominated bonds from its bondholders on 7 January 2022.
In April 2022, Reuters reported that construction had been started again at many projects and that the company still had liabilities of US$300 billion. Wikipedia
Founded
1996
Headquarters
Website
Employees
163,119