What does Evergrande Annual Report reflect?

Evergrande's annual report reflects that the Group is currently insolvent.

On the evening of July 17, China Evergrande released three financial reports for the year ended 20021year, mid-2022 and 2022, and its astonishing net loss and insolvency were clearly disclosed, but there was still no clear news about the date of resumption of trading.

From 202 1 to 2022, the net loss of Evergrande for two years is about 81200 million yuan (RMB, the same below). As of June, 2022, 65,438+February, 3 1, its total liabilities were 2,437.4 billion yuan, and after excluding the contractual liabilities of 72 10 billion yuan, it was/kloc-0.7/kloc-0.64 billion yuan.

At the same time, starting from 202 1, Evergrande's net assets turned from positive to negative. By the end of 2022, its total assets were about1838.3 billion yuan, its total liabilities were about 2,437.4 billion yuan, and its net assets were about-599/kloc-0.1 billion yuan.

It is worth noting that the hearing of the liquidation petition of Evergrande has been further postponed to July 3, 20231day.

Evergrande's net loss in two years exceeded 800 billion;

According to the announcement, Evergrande's revenue in 20021year was 25.01billion yuan, and its gross loss was184.5 billion yuan. During the year, the operating loss was 65.438+065.438+0375 billion yuan, excluding the fair value loss of properties under development, completed properties held for sale and investment properties of 404.95 billion yuan, losses related to land recovery, impairment losses of financial assets and other non-operating losses of 65.438+08.020 billion yuan, and income tax credit of 65.438+0268 billion yuan, resulting in a total net loss of 688.68.

In 2022, Evergrande's revenue dropped to 230.07 billion yuan, with a gross profit of 24.99 billion yuan, with a gross profit rate of 10.86% during the year. During the year, the operating loss was 43.39 billion yuan, the losses related to land recovery, impairment loss of financial assets and other non-operating losses were 69.37 billion yuan, and the income tax expenditure was 65.438+0.305 billion yuan, resulting in a total net loss of 65.438+025.8/kloc-0.0 billion yuan.

As of June 65438+February 3, 2022, Evergrande's total liabilities were 2,437.4 billion yuan, which was17164 million yuan after excluding the contractual liabilities of 7.21billion yuan. Among them, the loan is 601239 million yuan, the trade accounts payable and other payables100226 million yuan (including 59665438+60 million yuan for engineering materials payable), and other liabilities10174 million yuan.

Including 124 1 fully completed projects for sale under construction; Have a land reserve of 2 1 10,000 square meters; Participated in 79 old urban renewal projects, including 55 in Greater Bay Area (34 in Shenzhen) and 24 in other cities.

Evergrande said in the financial report that in 2022, the company realized the full resumption of 732 guaranteed real estate projects, and delivered a total of 30 1 10,000 properties throughout the year. At the same time, Evergrande Automobile realized the mass production delivery of the "Hengchi 5" model.

As of June, 2022, 65438+February, 3 1, the loan of Evergrande was 6123.9 billion yuan, with an average annual interest rate of 8.12%; Trade and other payables amounted to 654.38+000226 billion yuan, an increase of 654.38+00892 billion yuan compared with 202 1. Total assets are about1838.3 billion yuan, total liabilities are about 2,437.4 billion yuan, and net assets are about -599 1 100 million yuan. The total amount of cash, cash equivalents and restricted cash is 143438+0 billion yuan.

In addition, 36.43 billion yuan in cash has been included in the unified supervision of government-designated accounts and included in other receivables.