Core Viewpoint - China Evergrande Group's listing status will be officially canceled on August 25, 2025, marking the end of its approximately 16-year presence in the stock market [2][3][4]. 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 [4]. - The company achieved a sales scale of CNY 373.4 billion in 2016, ranking first in the industry and entering the Fortune Global 500 list, with total assets surpassing CNY 1 trillion for the first time [4]. - In 2017, Evergrande reached a peak with total assets of CNY 1.7618 trillion, core net profit of CNY 40.5 billion, and sales exceeding CNY 370 billion, solidifying its industry leadership [4]. Group 2: Financial Challenges and Decline - In 2020, Evergrande announced a strategy to reduce debt and control scale, but the company's financial troubles became apparent, leading to a liquidity crisis in 2021 [4][5]. - The company reported a staggering cumulative loss exceeding CNY 800 billion for the fiscal years 2021 and 2022, setting a record for the highest loss by a Chinese enterprise [5]. - Following investigations into Evergrande and its founder, the company faced difficulties in executing its overseas debt restructuring plan, culminating in a court-ordered liquidation on January 29, 2024 [6].
2009-2025，中国恒大16年上市之路终结