Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
China Brands

Property giant Evergrande Group revenue up 49.9 pct in 2018

March 27, 2019


Abstract : Real estate conglomerate China Evergrande Group posted 49.9 percent year-on-year growth in revenue for 2018, the company said in a statement Tuesday.

GUANGZHOU, March 26 (Xinhua) -- Real estate conglomerate China Evergrande Group posted 49.9 percent year-on-year growth in revenue for 2018, the company said in a statement Tuesday.

The revenue came in at 466.2 billion yuan (around 70 billion U.S. dollars), while its net profit excluding exchange gains or losses increased by 106.4 percent from a year ago to 72.21 billion yuan.

The group's net assets rose 27.4 percent year-on-year to 308.6 billion yuan at the end of 2018.

Analysts attributed the improving profitability of Evergrande Group to several reasons, such as its farseeing land reserve strategy, slashed sales and management expenses, and promoted added value of the products.

Xia Haijun, president of Evergrande Group, said that with the huge lands it holds and a deepened strategy transformation, the group would maintain high-speed growth in the future.

Scan the QR code and push it to your mobile phone

Keyword: real estate developers evergrande

Reading:

China Vanke's 2018 profit surges 20.4 pct

Key takeaways from China Development Forum 2019 on reform, opening-up

MIIT head highlights 2 ways to speed manufacturing structural upgrading, report

China's real, nominal EERs strengthen for 3 months: BIS

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial