CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

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China Evergrande opens higher after risk committee says will work with creditors

12/22/2021 | 09:15pm EDT
FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong

HONG KONG (Reuters) - Shares of embattled China Evergrande Group opened up 2.1% on Thursday, after the property developer said its risk management committee is utilising its extensive resources and will "actively engage" with its creditors.

The committee, which includes many senior officials from state-owned companies, was set up earlier this month.

(Reporting by Clare Jim; Editing by Christian Schmollinger)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 8.55% 1.65 Delayed Quote.3.77%
CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED 1.91% 3.2 Delayed Quote.-9.09%
EVERGRANDE PROPERTY SERVICES GROUP LIMITED 2.68% 2.3 Delayed Quote.-12.88%
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Analyst Recommendations on CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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Financials
Sales 2020 15 487 M 2 443 M 2 443 M
Net income 2020 -7 394 M -1 166 M -1 166 M
Net Debt 2020 62 534 M 9 864 M 9 864 M
P/E ratio 2020 -35,5x
Yield 2020 -
Capitalization 28 089 M 4 420 M 4 431 M
EV / Sales 2019 20,0x
EV / Sales 2020 18,5x
Nbr of Employees 14 493
Free-Float 35,6%
Chart CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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China Evergrande New Energy Vehicle Group Limited Technical Analysis Chart | 708 | HK0000264595 | MarketScreener
Income Statement Evolution
Managers and Directors
Da Rong Pan Chief Financial Officer
Shawn Siu Chairman
Shing Yim Chau Independent Non-Executive Director
Jian Wen Guo Independent Non-Executive Director
Wu Xie Independent Non-Executive Director