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Evergrande's first-half results: a loss of 6.873 billion yuan, a year-on-year loss reduction of 48.6%

2025-01-19 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com August 25 news, Evergrande issued a mid-year results announcement, the divestiture of the real estate project was completed on May 12, resulting in a 43.139 billion yuan reduction in net liabilities in the financial statements. As of June 30, 2023, the company's net liabilities had dropped to 32.84 billion yuan; total assets were 42.852 billion yuan; total liabilities were 75.692 billion yuan, including 26.997 billion yuan in loans (17.278 billion yuan in debt-equity swaps), 422.73 yuan in trade and other payables, and 6.422 billion yuan in other liabilities.

CTOnews.com obtained from the report that the group's income was 155 million yuan and gross loss was 61 million yuan; the net loss totaled 6.873 billion yuan, a year-on-year reduction of 48.6%, of which the divestiture of real estate projects lost 1.061 billion yuan, asset disposal, asset impairment and other non-operating losses 3.716 billion yuan, operating losses 2.096 billion yuan.

As of June 30, 2023, the Group incurred a loss of RMB 6.873 billion, accumulated losses and net current liabilities of RMB 105.771 billion and RMB 36.605 billion, and cash and cash equivalents and restricted cash of RMB 117 million.

Of all the pre-sale orders for Hengchi 5 (which started pre-order in July 2022), more than 760 units were delivered during the reporting period. Sales of automobiles and auto parts increased from 0.29 million yuan in the first half of last year to 113.37 million yuan in the reporting period.

In terms of research and development, the Group has applied for a total of 3512 patents in similar research fields worldwide, of which 2715 have been granted patents.

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