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Evergrande Auto Insolvent: Assets 182M Yuan vs Liabilities 32.7B Yuan
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Financial News Agency reported on September 17th that Evergrande Auto, in an announcement on the Hong Kong Stock Exchange, disclosed its financial position for the six months ended June 30, 2026. The company reported total assets of approximately RMB 182 million, a stark contrast to total liabilities of approximately RMB 32.722 billion. The liabilities include approximately RMB 16.283 billion in borrowings and approximately RMB 16.439 billion in trade and other payables. This financial disclosure highlights the severe imbalance between the company's assets and its massive debt burden, indicating significant financial distress for the electric vehicle subsidiary of the troubled China Evergrande Group.
Source report
Financial News Agency, September 17 — Evergrande Auto announced on the Hong Kong Stock Exchange that, for the six-month period ended June 30, 2026, the group reported total assets of approximately RMB 182 million and total liabilities of approximately RMB 32.722 billion.
Key financial figures include:
- Total assets: Approximately RMB 182 million
- Total liabilities: Approximately RMB 32.722 billion
- Borrowings: Approximately RMB 16.283 billion
- Trade and other payables: Approximately RMB 16.439 billion
Source
财联社Neutral / independent
Part of this Story
Evergrande Auto reports 32.7 billion yuan liabilities, exits car manufacturing