Collapse of China Evergrande Group?
The Analysis Purpose- To Analyse the current scenario as well as continue loosening financial statements of China’s one of the biggest companies- Evergrande Group. Scope- The data of this analysis was taken from verified news sources and from the last 2 Half-yearly reports. The scope focuses on the Financial ratio, growth ratio, Income statement, and cash flow statement. Overview Evergrande is China’s second-largest property developer based in Guangzhou, the capital of the Guangdong region in the south of the country. Riding the wave of China’s property boom, Evergrande expanded to 280 cities and became the light of the country’s real estate sector, having more than 1,300 real estate projects. Based on the financial statements, the company’s Quarterly Operating Income for 30th June 2021 is 1,152 Million Hong Kong dollars, which is -96.08% from the previous Quarterly Operating Income. As of now, the company is under financial stress to pay critical payments towar...