Core Viewpoint - China Evergrande Group has officially lost its listing status on the Hong Kong Stock Exchange due to failure to meet the resumption guidelines, marking the end of its approximately 16-year presence in the market [1][2]. Group 1: Company History and Performance - Evergrande was listed in Hong Kong on November 5, 2009, with a market capitalization exceeding HKD 70 billion, becoming the largest private real estate company from mainland China at that time [1]. - The company achieved significant sales growth, reaching a sales scale of CNY 373.4 billion in 2016, and entered the Fortune Global 500 list [1]. - In 2017, Evergrande reported total assets of CNY 1.7618 trillion, core net profit of CNY 40.5 billion, and sales exceeding CNY 370 billion, solidifying its position as the industry leader [1]. Group 2: Financial Challenges and Decline - In 2020, Evergrande initiated a strategy to reduce debt and control scale, but the situation deteriorated, leading to a liquidity crisis in 2021 [2]. - The company faced significant financial difficulties, with a reported loss exceeding CNY 800 billion for the fiscal years 2021 and 2022, setting a record for the highest loss by a Chinese company [2]. - Following a 17-month trading suspension, Evergrande's stock resumed trading on August 28, 2023, but plummeted nearly 80%, leaving its market capitalization at only HKD 4.622 billion [2].
2009-2025，中国恒大16年上市之路终结