Current situation of Evergrande Group

The current situation of Evergrande Group is quite miserable, with a lot of debt.

Evergrande is one of the largest real estate developers in China and owns a large number of real estate projects and other assets. Although the debt is high, its large asset size may help support the company's operations. Faced with high debt, Evergrande may negotiate with creditors and seek debt restructuring, deferred payment and other arrangements to reduce short-term pressure. Evergrande may take some financing measures, such as selling assets or attracting new investments, to ease debt pressure.

In addition to real estate business, Evergrande Group has also conducted diversified development in finance, cultural tourism, sports, health and wellness and other fields. Evergrande Group has subsidiaries such as Evergrande Finance, Evergrande Culture, and Evergrande Health. Through capital operation and resource integration, it has achieved coordinated development among multiple business sectors.

Characteristics of Evergrande Group

1. Diversified business: Evergrande Group has a wide range of business scope, covering real estate development, cultural tourism, finance, health care, education, sports, etc. Multiple areas. This diversified layout enables Evergrande Group to have certain strength and market share in different industries.

2. High degree of vertical integration: Evergrande Group has the characteristics of high degree of vertical integration in the real estate field. It has its own expertise in land reserves, planning and design, construction, sales promotion and property management. Team and resources. This integrated business model enables Evergrande Group to better control project quality and costs and maintain a competitive advantage in market competition.

3. Pay close attention to quality: Evergrande Group has always focused on product quality and user experience, pursued excellent architectural design and construction technology, and provided high-quality real estate products. This concept of focusing on quality has enabled Evergrande Group to establish a good reputation and brand image in the market.

Reference for the above content: Baidu Encyclopedia - Evergrande Group