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A construction worker is walking past a building that is currently under construction by China Vanke in Hangzhou, China, on March 31, 2024....

#11110339

Vanke 2023 Revenue Decline

31 March 2024

A construction worker is walking past a building that is currently under construction by China Vanke in Hangzhou, China, on March 31, 2024....

#11110339

31 March 2024

A construction worker is walking past a building that is currently under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report indicates that the company has canceled its 2023 dividend for the first time since it went public in 1991. The report also states that Vanke achieved an operating income of 465.74 billion yuan, a decrease of 7.56% from the previous year, and the net profit attributable to the parent company was 12.16 billion yuan, a decline of 46.39% year-on-year. As of the end of 2023, Vanke's total liabilities amounted to 1.1 trillion yuan, with interest-bearing liabilities at 320.05 billion yuan.


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Construction workers are walking past a building under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annua...

#11110340

Vanke 2023 Revenue Decline

31 March 2024

Construction workers are walking past a building under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annua...

#11110340

31 March 2024

Construction workers are walking past a building under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report indicates that the company canceled its 2023 dividend for the first time since going public in 1991. The report also states that Vanke achieved an operating income of 465.74 billion yuan, a decrease of 7.56% from the previous year, and a net profit of 12.16 billion yuan, which is down 46.39% year-on-year. As of the end of 2023, Vanke's total liabilities amounted to 1.1 trillion yuan, with interest-bearing liabilities at 320.05 billion yuan.


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Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual...

#11110341

Vanke 2023 Revenue Decline

31 March 2024

Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual...

#11110341

31 March 2024

Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report revealed that the company canceled its 2023 dividend for the first time since going public in 1991. The report also stated that Vanke's operating income for 2023 was 465.74 billion yuan, a decrease of 7.56% from the previous year, and the net profit attributable to the parent company was 12.16 billion yuan, a 46.39% decline. As of the end of 2023, Vanke's total liabilities reached 1.1 trillion yuan, with interest-bearing liabilities amounting to 320.05 billion yuan.


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Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual...

#11110342

Vanke 2023 Revenue Decline

31 March 2024

Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual...

#11110342

31 March 2024

Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report revealed that the company canceled its 2023 dividend for the first time since going public in 1991. The report also stated that Vanke's operating income for 2023 was 465.74 billion yuan, a decrease of 7.56% from the previous year, and the net profit attributable to the parent company was 12.16 billion yuan, a 46.39% decline. As of the end of 2023, Vanke's total liabilities reached 1.1 trillion yuan, with interest-bearing liabilities amounting to 320.05 billion yuan.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430460

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430460

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430462

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430462

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430464

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430464

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430466

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430466

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430468

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430468

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430470

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430470

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430472

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430472

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430474

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430474

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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Commercial use is not permitted without prior authorization.
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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430476

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430476

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430478

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430478

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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Commercial use is not permitted without prior authorization.
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NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430480

China Evergrande Debts 2,388.2 Billion Chinese Yuan

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longga...

#10430480

30 August 2023

NANNING, CHINA - AUGUST 29, 2023 - Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region. China Evergrande announced in the evening of August 27 on the Hong Kong Stock Exchange that as of June 30, 2023, the group's total liabilities were 23,882.0 billion yuan, and as of June 30, 2023, China Evergrande Group had a land reserve of 190 million square meters. In addition, the group has participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.


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NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 20...

#10382830

Evergrande Group Filing For Bankruptcy Protection in US

18 August 2023

NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 20...

#10382830

18 August 2023

NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 2023. According to several foreign media reports, Evergrande Group filed for bankruptcy protection in the United States under Chapter 15 of the Bankruptcy Law on August 17 local time. The balance sheet shows that as of December 31, 2022, the group's total liabilities exceeded 2.43 trillion yuan.


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