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

Thanks to CTOnews.com netizen lemon_meta for the clue delivery! China Evergrande (03333.HK) will resume trading today, according to its latest announcement, which began to suspend trading on March 21, 2022, after being suspended for more than 500 days, according to its latest announcement. Hong Kong stocks opened at 9 am today, and China Evergrande (03333.HK) fell 86.67%.

▲ Touyuan China Evergrande announced on the Hong Kong Stock Exchange CTOnews.com learned from China Evergrande's announcement on the Hong Kong Stock Exchange that in the first half of 2023, China Evergrande's income was about 128.18 billion yuan, gross profit was about 9.8 billion yuan, gross profit was 7.64%, operating loss during the period was 17.38 billion yuan, non-operating loss (including litigation, land resumption, equity disposal and asset evaluation impairment and other losses) 15.03 billion yuan The income tax expenditure was 6.84 billion yuan, and the net loss totaled 39.25 billion yuan. China Evergrande has cash and cash equivalents of about 4.047 billion yuan, of which about 9.334 billion yuan is restricted.

In terms of liabilities, as at June 30, China Evergrande had total liabilities of 2.38 trillion yuan, excluding contract liabilities of 603.98 billion yuan, of which 624.77 billion yuan was borrowed, trade accounts payable and other payables were 1.05657 trillion yuan (including 5961.7 billion yuan for engineering materials), and other liabilities were 1028.8 billion yuan. The loan was 624.77 billion yuan, an increase of 12.38 billion yuan compared with 612.39 billion yuan at the end of 2022, and the average annual interest rate was 7.97%, lower than 8.12% at the end of 2022.

CTOnews.com has previously reported that Evergrande issued a mid-year results announcement a few days ago, divesting 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, Evergrande's net liabilities had dropped to 32.84 billion yuan; total assets were 42.852 billion yuan; total liabilities were 75.692 billion yuan, of which 26.997 billion yuan was borrowed (17.278 billion yuan for debt-to-equity swaps), trade and other payables were 422.73 yuan, and other liabilities were 6.422 billion yuan.

▲ Picture Source the financial report information released by Evergrande Automobile

▲ Picture Source the financial report information released by Evergrande Automobile

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