Country Garden, the largest real estate developer in China, reported for the first time since its listing in Hong Kong in 2007.
According to Bloomberg News on Thursday (March 30), the Chinese company headquartered in Foshan notified that the net loss in 2022 was about 6.1 billion yuan (the same, Sim of 1.2 billion yuan), and lastThe same period of one year's income was RMB 27 billion.Country Garden issued a profit warning earlier this month.
The above results show that the downturn in China's real estate industry has caused pressure on some high -quality private developers that have not yet breached.Country Garden was once regarded as a more secure investment among developers, and now it has become synonymous with the spread of financial issues in this industry. The Chinese real estate industry accounts for about one -quarter of the GDP (GDP).
Bloomberg Industry Research Real Estate analysts wrote before the performance of Country Garden that Country Garden's sales recovery may lag behind peers, which will make the company's profit recovery in 2023.
Country Garden's revenue is 430 billion yuan, which is roughly the same as the estimated 427 billion yuan compiled by Bloomberg, and its core net profit will reach 2.6 billion yuan.
