Logo from China Evergrande Group

China Evergrande cuts losses to RMB39.2b in 1H23

The group has implemented several schemes to improve liquidity.

Chinese real estate giant Evergrande Group has narrowed its losses for the first half of the financial year 2023 (1H23).

From January to June, the company recorded a net loss of RMB39.2b.

In the same period, Evergrande posted total liabilities amounting to RMB2,288.2b and operating losses amounting to RM17.38b.

On the flip side, the company saw improved revenue and gross profit of RMB128.18b and RMB9.80b, respectively.

In a bourse filing, the company said its directors have already taken several measures "to improve the liquidity position and financial position of the group.”

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.