Evergrande Group is a fortune 500 enterprise group integrating real estate, finance, health, tourism and sports, with total assets reaching one trillion yuan, annual sales exceeding 400 billion yuan, more than 80,000 employees and more than 65.438+0.3 million jobs. It has more than 500 real estate projects in more than 65.438+0.80 cities across the country, making it the first real estate enterprise in the world.
Evergrande Group, an enterprise group with "multi-industry+digital technology", owns eight industries, including Evergrande Real Estate, Evergrande New Energy Vehicle, Evergrande Real Estate, Hengteng Network, RV Bao, Evergrande Children's World, Evergrande Health and Evergrande Ice Spring, providing comprehensive services to hundreds of millions of users. By the end of 2020, Evergrande Group had total assets of 2.3 trillion yuan, accumulated taxes of over 300 billion yuan and charitable donations of over 65.438+085 billion yuan, ranking 654.38+022 among the top 500 enterprises in the world.
Two. Evergrande liabilities
The "three red lines" policy defines three lines and four grades for real estate enterprises, requiring real estate enterprises to have an asset-liability ratio of no more than 70% after excluding advance payment; The net debt ratio shall not exceed100%; The short-term cash debt ratio is greater than 1 times. As a domestic head housing enterprise, Evergrande actively responded after the introduction of the "three red lines" and started the road of debt reduction.
Looking back at the peak period, Evergrande's interest-bearing liabilities once reached more than 870 billion yuan. In order to boost investors' confidence, Xu Jiayin promised at the 2020 Evergrande Performance Meeting that the interest-bearing liabilities would drop by 654.38+050 billion yuan every year and 450 billion yuan in the next three years.
Now, in the past year alone, Evergrande's interest-bearing liabilities have decreased by 300 billion yuan, and the annual debt reduction rate is faster than expected 100%, leaving only13 of the target of 450 billion yuan.
On June 5438- 10 last year, Evergrande repaid about HK$ 29.4 billion in three installments within 10 days. 65438+1October 65438+March, two corporate bonds were repaid in advance, with total principal and interest of114.27 million yuan. 10 year1October 20th, the mezzanine financing of HK$ 4 billion was repaid in full in advance. 1October 23rd 10 Redemption in advance1265438+HK$ 29 million senior notes.
All the overseas bonds returned by Evergrande were repaid with its own funds, and no new debt was issued to repay the old debt. So far, before March 2022, no domestic and overseas open market bonds of Evergrande have expired.