China Evergrande New Energy Vehicle Group (HK:0708) has released an update.
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China Evergrande New Energy Vehicle Group Limited has reported a staggering year-on-year net loss increase of 194.73%, amounting to RMB 20,257 million for the first half of 2024. The company’s financial highlights reveal significant liabilities exceeding assets, with total liabilities at RMB 74,350 million against assets of RMB 16,369 million. Their revenue stands at RMB 38 million with a marginal gross profit of RMB 2 million.
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