Real Estate Sep 01, 2021 09:10 AM (GMT+8) · EqualOcean
The performance report shows that in the first half of 2021, Evergrande had a revenue of 222.69 billion yuan and a net profit of 10.5 billion yuan. Under the background of losses in the main real estate industry and automobile business, the key to China Evergrande's profitability lies in its disposal of some assets. According to the mid year report, Evergrande sold 11% shares of Hengteng network and recovered about HK $1.18 billion in cash; Sell 1.9% shares of Shengjing bank, with a total amount of 1 billion yuan; Sell 7.08% equity of Shenzhen hi tech investment, with a total amount of about 1.04 billion yuan; Sell 49% equity of Evergrande Bingquan, with a total amount of about 2 billion yuan.
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