[Evergrande's “danger” and “opportunity” coexist] On March 31, China Evergrande released its 2020 annual performance report. The revenue scale of 507.25 billion yuan made it number one among housing enterprises. Meanwhile, Evergrande also took another first place in the annual sales list of housing enterprises released by the research agency Kerui three months ago, with equity sales of 669.03 billion yuan. Under its fame, Evergrande is still burdened by debt. By the end of 2020, it had still stepped on all “three red lines”. At the performance meeting held on March 31, the management stated that the company will make every effort to reduce its liabilities over the next 3 years and fully meet regulatory requirements by December 31, 2022. On the other hand, Xu Jiayin, the board of directors of Evergrande Group, also stated at the performance conference on the same day, “After completing the transformation from real estate to 'diversified industries+ digital technology', Evergrande already has a brand new development logic.” (Financial Network)
On March 31, China Evergrande released its 2020 annual performance report. The revenue scale of 507.25 billion yuan made it number one among housing enterprises. Meanwhile, Evergrande also took another first place in the annual sales list of housing enterprises released by the research agency Kerui three months ago, with equity sales of 669.03 billion yuan.
　　Under its fame, Evergrande is still burdened by debt. As of the end of 2020, it had still stepped on all three “red lines”. The management stated at the results meeting held on March 31 that the company will make every effort to reduce its liabilities over the next 3 years and reach full supervision by December 31, 2022...