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CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

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China Evergrande resumes construction on 63 projects in Pearl River delta

11/19/2021 | 12:03am EST
FILE PHOTO: Headquarters of China Evergrande Group in Shenzhen

BEIJING (Reuters) - Debt-laden real estate developer China Evergrande has resumed construction of 63 projects in the southern Pearl River delta, a regional subsidiary said on Friday.

The projects span 15 sites from the city of Guangzhou to locations in Foshan, Qingyuan, Yangjiang and Zhaoqing, the subsidiary said on its account on social media app WeChat.

The company will "speed up and conquer difficulties" in the next stage, to ensure the projects are delivered on time and in line with standards of quality, it added.

(Reporting by Beijing Newsroom; Editing by Clarence Fernandez)


© Reuters 2021
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Analyst Recommendations on CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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Financials
Sales 2020 15 487 M 2 440 M 2 440 M
Net income 2020 -7 394 M -1 165 M -1 165 M
Net Debt 2020 62 534 M 9 852 M 9 852 M
P/E ratio 2020 -35,5x
Yield 2020 -
Capitalization 34 998 M 5 511 M 5 514 M
EV / Sales 2019 20,0x
EV / Sales 2020 18,5x
Nbr of Employees 14 493
Free-Float 35,6%
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Managers and Directors
Da Rong Pan Chief Financial Officer
Shawn Siu Chairman
Shing Yim Chau Independent Non-Executive Director
Jian Wen Guo Independent Non-Executive Director
Wu Xie Independent Non-Executive Director