China Evergrande Group
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Shawn Siu
- Full Time Employees
- 109,085
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- No.1126 Haide 3rd Road Shenzhen People's Republic of China 518054
- IPO Date
- May 5, 2010
- Website
- evergrande.com
- Similar Companies
- Business
- China Evergrande Group is a multi-industry enterprise primarily engaged in property development, investment, and management services, with significant operations across more than 280 cities in China. The company offers a diverse portfolio of products and services including Evergrande Real Estate, which develops high-quality residential and commercial communities; Evergrande New Energy Auto, which integrates global automotive manufacturing resources to produce electric vehicles under the Hengchi brand; Evergrande Property Services, providing comprehensive property management across housing, commercial, industrial, and public service sectors; as well as cultural tourism projects such as Ocean Flower Island. Founded in 1996 and headquartered in Shenzhen, China Evergrande has expanded beyond real estate into new energy vehicles, health, and digital technology sectors. The real estate segment includes over 1,300 projects, making it one of China’s largest developers by landbank and sales. Recent major developments include the company's liquidation initiated by a Hong Kong court in January 2024 following financial distress and defaults on its liabilities exceeding $300 billion. This process has led to a suspension of share trading and liquidation of subsidiaries to repay creditors. Evergrande ceased operations in its new energy vehicle segment in 2024 after incurring substantial losses and laying off staff. The property services business continues to operate, managing over 3,000 projects with efforts focused on digital transformation and financial oversight to sustain operations during the broader corporate restructuring. Evergrande’s strategic shift has centered on asset disposal and maintaining core property management services amid ongoing liquidation and financial reorganization. The company’s historical partnerships included collaboration with State Grid Corporation of China to develop electric vehicle charging infrastructure, but new ventures have largely been curtailed due to financial constraints. China Evergrande’s main business sectors encompass real estate development and sales, property management services, new energy vehicles (now wound down), cultural tourism investments, and health-related industries. The company’s projects span major urban areas across China, including Guangzhou, Tianjin, Wuhan, Chengdu, and more. Evergrande Property Services serves a broad customer base of residential owners, commercial tenants, institutions, and public infrastructure clients, with substantial contract and management areas nationwide. Despite the ongoing liquidation, Evergrande remains a significant historical player within China’s real estate market and retains substantial operational scale in property management. Its transformation from real estate developer to a diversified conglomerate has been largely reversed in light of recent financial crises and judicial proceedings.
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