730K Unfinished Homes, 1.4T Debt: Country Garden Offers to Repay Only 10% of Principal Amid Crisis
730K Unfinished Homes, 1.4T Debt: Country Garden Offers to Repay Only 10% of Principal Amid Crisis
Udumbara
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The report showed that Country Garden’s total revenue for 2023 was approximately 401 billion yuan, down 6.8% year-on-year. The company reported a net loss of 201 billion yuan. There was a sharp increase in net loss attributable to shareholders from 6.05 billion yuan loss in the previous year to 178.4 billion loss. Some calculated this as an average daily loss of 500 million yuan.
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