Evergrande released the latest announcement

On the evening of July 29, China Evergrande, which has not spoken for a long time, announced the latest progress. The reorganization of China Evergrande Group is steadily promoting. Under the guidance of the policy of "guaranteeing the diplomatic building", 96%of China Evergrande's unsuccessful project has been resumed. Essence

China Fund reporter sorted out a few points:

1. In the first half of 2012, Evergrande Group realized the contract sales amount of RMB 12.26 billion, and the contract sales area was 1.193 million square meters.

As of now, 96%of the groups have sold the unopened projects, and all of them have been resumed, and the actual construction personnel have reached 86%of the Group's normal construction requirements.

Since July 1, 2021, the company has completed a total of 232,000 units and delivery properties, with a construction area of ​​24.19 million square meters.

2. The Hengchi 5 car, which has been said for a long time, officially started pre -sale on July 6, 2022. As of now, it has received more than 37,000 pre -sale orders.

Fifteen Hengchi Exhibition Experience Center and direct sales sales centers established in Beijing, Shanghai, Guangzhou, Tianjin and other cities have been opened. The first batch of 26 authorized agency stores planned to open in August. It has reached a cooperation with the national car maintenance chain brands such as Huasheng and Bosch to deploy 313 after -sales service outlets in 235 cities across the country.

Hengchi's follow -up work is fully promoted as planned, of which Hengchi 5 is expected to mass production on September 20, and will be delivered one after another in October.

3. In terms of overseas debt reorganization, in recent stages, Evergrande Group has always evaluated the group's situation with its financial and legal consultants to formulate solutions to respect all the rights of all stakeholders. Asset value. At the same time, the Group has been issued with a number of US dollars issued by a number of companies holding companies and its overseas subsidiaries, Jingcheng Co., Ltd. (Scenery Journey Limited ). Debt reorganization plan.

In addition, China Evergrande cooperates closely with creditors and relevant consultants and communicates regularly. It is conducting necessary and orderly due diligence to the group's core business to explore potential and feasible overseas debt restructuring plans. The important basis for formulating overseas debt restructuring plans. In view of the size and complexity of the group and the current status of the industry, due diligence is still being advanced.

It is expected that the Group's due diligence will be basically completed in the near future. At that time, the Group will communicate with relevant creditors and their consultants to communicate the framework and suggestions of overseas debt restructuring plans, and hopes to announce the specific restructuring plan as soon as possible and make positive progress in 2022.

Evergrande Sean: Need to give more patience and time from all walks of life

In the 21st Century Business Herald, Chief Chief and Executive Director of Evergrande China said that in various aspects, especially the understanding and support of major creditors, the negotiation and promotion of overseas debt reorganization plans made positive progress. All parties in the society are responsible for fulfilling a series of commitments such as Evergrande's non -escape debt and improving the transparency of management decisions. It is also the request of the main creditors of overseas. Evergrande decided to announce the phased progress of overseas debt reorganization as soon as possible.

At the same time, Sean said that according to the current situation, to complete the expected overseas debt reorganization work, it also needs to give Evergrande more patience and time to Evergrande.

Sean revealed that the total size of the overseas debt is about 22.7 billion US dollars, which is part of the group's overall debt. Most of the company's businesses are in the country. One of the important prerequisites for the company's debt to complete the reorganization is that the company can continue to operate. Evergrande General Evergrande. Something spares no effort to promote self -rescue work such as insured diplomatic relations, which includes the legal interests of related parties such as owners, suppliers, and business ticket holders.

Evergrande will not at the expense of the interests of the domestic creditors, but will strive to recover and maintain the blood capacity of the enterprise. In this way, we can maximize the value of the company's domestic and foreign assets, coordinate the company's full debt problems in accordance with the law, regulations, and fairly, and gradually resolve risks.

Evergrande's official website summarizes the progress of performance

Evergrande Group's official website has also summarized the recent progress in performance.

Since December last year, the company has further strengthened the construction of the team, adopted a number of measures such as streamlined institutional institutions, and the merger of posts, and the maximum cost reduction and efficiency were reduced. The company's actual controller and core management led the group to unite and work hard, and a large number of cadres and employees enriched the front line of the insurance delivery project.

The group's headquarters is streamlined from 31 to 10; the headquarters managers have streamlined from 2176 to 712, a decrease of 67.3%; the middle level and above cadres of the real estate group region are streamlined from 1706 to 776, a decrease of 54.5%; Significantly reduce salary and strive to reduce management costs.

In terms of resumption of work and re -production, as of now, Evergrande has a total of 732 projects in the country's insurance and diplomatic relations projects, 579 projects that have been resumed and reached normally, 126 projects that are restored to construction, and 27 projects that have not been resumed. The number of constructions was 193,000.

In terms of insurance delivery buildings, since the company has experienced huge operating difficulties in July last year, 232,000 units and 24.19 million square meters have been completed, involving 363 projects. Among them, 139,000 units and 15.61 million square meters were completed from January to July this year.

In terms of sales, the company's sales have been stagnant since September last year. With the gradual restart of the construction of the insurance delivery project, the company's sales have gradually recovered from March, and it is steady and good. Consumer confidence has begun to repair, providing guarantee for various tasks. In the first half of this year, a total of 463 projects in the country achieved sales, with a total sales of 22,635 units, a total amount of 12.26 billion yuan, and a sales area of ​​1.193 million square meters. Among them, the total sales of 9.33 billion yuan have been sold since March.

In terms of sales repayments, in the first half of this year, the national projects achieved a total of 18.008 billion yuan in sales, of which the mortgage repayment was 6.632 billion yuan. At the same time, a total of 313 projects realized mortgage lending. In addition, the company added a new financing lending of 2.573 billion yuan.

Response "13.4 billion deposit puzzles"

In response to the deposit of about 13.4 billion yuan of deposits of Evergrande Property and forced deductions by relevant banks, the Board of Directors of China Evergrande and the board of directors of Evergrande Property set up an independent investigation committee on March 29 this year, respectively. As a result, the directors and executives involved in the incident were required to resign, and a new personnel arrangement was made.

Next, China Evergrande and Evergrande Property will continue to cooperate with the independent investigation committee to complete the investigation as soon as possible, actively discuss the problem of accounts in accordance with laws and regulations in appropriate methods, and will further increase the construction of internal risk assessment and management system. Evergrande and Evergrande Property will continue to do a good job of related work in accordance with the relevant regulations and requirements of the Hong Kong Stock Exchange.

At the same time, Evergrande Group also revealed that Evergrande's property continued to maintain smooth operation and provided comprehensive community services to over 3 million owners. As of June 30 this year, Evergrande's property contract project was 3,050, with a contract area of ​​about 810 million square meters, ranking second in the listed property company; 2,589 in the management project, about 480 million square meters in the pipe area, ranked among the listed property companies Third place.

In the first half of this year, Evergrande property realized a total revenue of nearly 6.5 billion yuan, of which the basic property management revenue was 5.5 billion yuan, an increase of about 15.6%year -on -year; the total cash inflow of operating cash was 6.051 billion yuan. In addition, 180 new foreign development projects have been added, and the new contract area is about 18 million square meters.

Source: China Fund News

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