October 4, China Evergrande and Evergrande Properties issued a brief suspension notice on the Hong Kong Stock Exchange. No reason was given for the suspension. Another subsidiary, Evergrande Automobile, did not issue a suspension notice and opened more than 6 per cent lower in early trading.
As of June 30, 2021, Evergrande Realty's operating revenue is about 7.873 billion yuan, with a year-on-year growth of about 68.3%; Profit attributable to shareholders during the period was about 1.935 billion yuan, up about 68.6% year on year, and basic earnings per share was 0.18 yuan.
In August, China Evergrande realized the contract sales amount of 38.08 billion yuan and the contract sales area of 5.41 million square meters. From January to August 2021, the group achieved a total contract sales amount of 438.65 billion yuan and a contract sales area of 53.79 million square meters.
Before the suspension, Evergrande Property was trading at HK $5.12 per share, with a total market value of HK $55.35 billion. Evergrande shares traded at HK $2.95 per share, giving it a total market capitalisation of HK $39.09 billion. (article | AI business club Zhao Hao)