Leidi.com Lei Jianping July 27
Evergrande Automobile (stock code: 708), which has been suspended for more than a year, recently released its financial report. The financial report shows that the revenue of Evergrande Auto in 2021 and 2022 will be 74.98 million yuan and 134 million yuan respectively; the gross loss will be 170 million yuan and 93.86 million yuan respectively.
Evergrande Auto's operating losses in 2021 and 2022 will be 24.845 billion yuan and 12.141 billion yuan respectively; the annual losses will be 56.581 billion yuan and 27.664 billion yuan respectively.
For the year ended December 31, 2022, Evergrande Auto incurred a loss of 27.664 billion yuan (the net loss in 2021 was 56.344 billion yuan). As of December 31, 2022, the group's accumulated losses and shareholders' losses were 98.906 billion yuan (2021: 71.241 billion yuan) and 68.651 billion yuan (2021: 39.339 billion yuan) respectively.
On December 31, 2022, cash and cash equivalents were 220 million (2021: 2.453 billion).
As of December 31, 2022, Evergrande Automobile's capital commitment is about 16.65 billion yuan, which will be used for the group's construction and fixed asset purchases in Tianjin, Shanghai, Guangzhou, Yangzhou and other parts of the country.
Evergrande Motor’s total liabilities in 2022 are 183.872 billion yuan. After excluding the 3.314 billion yuan of advance receipts, the debt scale is 180.558 billion yuan. Yuan.
As of December 31, 2022, Evergrande Automobile’s 16.355 billion yuan of loans (including 6.48 billion yuan of loans for continuing operations) consisted of the group’s properties, plant and equipment, right-of-use assets, properties under development, and completed projects held for sale. Properties and equity interests in certain subsidiaries are used as collateral, with a total amount of 26.812 billion yuan (including 13.363 billion yuan for continuing operations).
As of December 31, 2022, there were a total of 36 pending litigation cases involving Evergrande Automobile with an amount of more than 30 million yuan, and the total amount of the target amount was about 7.916 billion yuan.
As of December 31, 2022, Evergrande Automobile has accumulated approximately 11.626 billion yuan of due debts that cannot be paid off; in addition, as of December 31, 2022, Evergrande Automobile has accumulated approximately 18.512 billion yuan of overdue commercial bills.
This means that as of December 31, 2022, Evergrande Automobile's due debts and overdue commercial bills will exceed 30 billion.
Evergrande Auto’s external independent auditor said it would not comment on Evergrande Auto’s performance report.
Of course, this is nothing compared to Evergrande Group. As of December 31, 2022, Evergrande Group's total liabilities were 2,437.41 billion yuan, 1,716.39 billion yuan after excluding contract liabilities of 721.02 billion yuan, of which: 612.39 billion yuan in loans, 1,002.26 billion yuan in trade accounts payable and other payables (including payables) engineering materials of 596.16 billion yuan), and other liabilities of 101.74 billion yuan.
For the year ended December 31, 2022, Evergrande Group's revenue was 230.07 billion yuan and its gross profit was 24.99 billion yuan. During the year, operating losses were 43.39 billion yuan, losses related to land recovery, financial asset impairment losses and other non-operating losses were 69.37 billion yuan, income tax expenses were 13.05 billion yuan, and the total net loss was 125.81 billion yuan.
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