What is the concept of Evergrande owing 1.95 trillion?

The concept of Evergrande owing 1.95 trillion is as follows: 1.95 trillion is equivalent to 5 Jack Ma’s net worth. If your monthly salary is 3,000, it will take 54 million years of work to earn 1.95 trillion.

1. Evergrande Group (full name: Evergrande Real Estate Group Co., Ltd.) is a Fortune 500 enterprise group integrating real estate, finance, health, tourism and sports. It was founded by Xu Jiayin in Guangzhou in 1996 .

2. From the foundation of the first project to the comprehensive expansion of more than 870 projects in more than 280 cities across the country, from strengthening the main real estate business to pioneering, innovative and diversified development, the company has always adhered to the principle of "quality builds brand" With the corporate purpose of "Building great achievements with integrity", we carefully plan, pay close attention to implementation, and work efficiently. In the course of more than 20 years of development, we have formulated and implemented eight "three-year plans", through scientific and forward-looking strategic planning, and around strategic planning. The efficient execution ensures that the company creates brilliant achievements that are unique in the Chinese business community.

3. Enlightenment

1. The real estate industry must avoid the loss of funds when the market is deserted. In the past, the real estate industry developed too fast, and the money was so easy to make. The domestic development was too fast, and the house price rose too high. Real estate developers, real estate speculators, and local governments all made too much money in this chain, so they were not calm. As an asset-heavy industry, the real estate industry has a very long project cycle. At present, many real estate companies complete the work from land acquisition to house delivery in one or two years. First, whether the quality can be guaranteed; second, whether the funds can be withdrawn in a timely manner, especially the funding problem. Once the market is deserted, it is easy for the capital chain to break.

2. Enterprises should pay attention to cash flow issues. Under the conditions of market economy, corporate cash flow determines the survival and development capabilities of enterprises to a large extent. Even if the company has profitability, poor cash flow and poor scheduling will seriously affect the company's normal production and operation, directly affect the company's reputation, and ultimately affect the company's survival. Investment and development of new projects require strong cash flow support. Evergrande has also always adhered to the "cash is king" strategy, using sufficient cash flow to avoid operational risks and corporate development risks caused by high debt, ensuring the company's stable operations.