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EGRNF - Evergrande: Not So Grand Financial Statements?
China Evergrande Group
Evergrande Group is the latest listed company to unexpectedly teeter on the verge of bankruptcy.
Evergrande’s revenue growth fell consistently from 59% in 2016 to 2% in 2019 before recovering to 6% in 2020. The largest drop occurred between 2018 and 2019, when it declined from 49% to 2%.
Evergrande’s margins didn’t do well either. Gross profit margin, EBITDA margin, operating profit margin, and net profit margin all decreased between 2016 and 2020.