Graph 3: Evergrande’s Earnings (Real Estate Sales Segment)

Earnings have fallen since 2018 and have almost disappeared in 2021 ($ billions)

The data for January-June 2021 have been extrapolated to the whole year. The extrapolation has been carried out using the value of the indicator for the first six months of 2020 over the total value finally registered in 2020. The exchange rate chosen to make the conversion is 6.45RMB / $ and it has remained fixed throughout the analysis period (the only function of the exchange rate is to illustrate the figures in dollars for our readers. 90 percent of Evergrande’s income comes from China and the effect of the exchange rate on profits is minimal).
Source: Evergrande financial statements