Evergrande has reported £62bn in losses over 2021 and 2022, in the Chinese property behemoth's delayed annual results.
Posting its full year 2021 and 2022 results on the Stock Exchange of Hong Kong, the developer revealed losses of CNY 476bn (£51bn) and CNY 106bn (£11bn) across the two years, respectively. Amundi: EM energy transition is a 'low hanging fruit' As at 31 December 2022, the firm's total liabilities amounted to CNY 2.4trn (£260bn), of which CNY 721bn (£76.8bn) was contract liabilities, CNY 612bn (£65.2bn) was borrowing and CNY 596bn (£63.5bn) was construction material payables. This has decreased slightly from total liabilities of CNY 2.6bn (£275bn) at the end of 2021. Revenues f...
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