Xu Jiayin revealed his family, how much does Evergrande owe? Where did all this money go?

800 billion losses, 2.4 trillion liabilities, Xu Jiayin, who did not admit his life, completely showdown, blew himself up.

In the late evening of July 17, Evergrande's financial report, which had been delayed for two years, was finally released, and Xu Jiayin no longer hid it, and finally handed over the truth. According to the financial report, Evergrande's net loss in 2021 and 2022 totaled more than 800 billion yuan. As of December 31, 2022, Evergrande's total liabilities exceeded RMB2.4 trillion, and its cash and cash equivalents on hand were only RMB4.334 billion.

With a debt of 2.4 trillion, what is this concept? This is simply an astronomical figure, to name a few, you can compare and feel.

1. The net profit of Kweichow Moutai in 2022 is 62.7 billion yuan, and Evergrande's debt is not only the net profit of Moutai for 40 years, but also twice the sum of the net profits of Tencent, Alibaba, Baidu, Xiaomi, Huawei, Moutai and BYD last year.

2. The GDP of Shanxi Province in 2022 is 2.56 trillion yuan, and the total GDP of Suzhou City in 2022 is 2.39 trillion yuan, which means that the money owed by Evergrande is almost the same as the GDP of Shanxi or Suzhou.

3, the world's richest man Musk, at the peak of his personal wealth, his total personal assets are about 300 billion US dollars, and Evergrande's hole cannot be blocked by filling his entire wealth.

It can be said that Evergrande's debt is absolutely unprecedented, and the probability is also incoming.

Before Evergrande did not make a disclosure, everyone knew that Evergrande's hole was very large, but how big it was, no one knew specifically, and this disclosure allowed everyone to thoroughly see the true face of Evergrande.

The two-year loss of 812 billion yuan also means that Evergrande has lost an average of 1.1 billion yuan per day in the past two years, and the cumulative profit of Evergrande's most brilliant five years from 2016 to 2020 does not exceed 100 billion yuan, which cannot keep up with the loss at all.

Three years ago, Evergrande, although it was on the verge of collapse, but the situation is much better than now, it stands to reason that Evergrande has been trying to repay its debts in the past two years, why is the debt not less, but more and more, what is the matter?

Xu Jiayin also gave the answer while handing over the bottom line, the first is because the Evergrande house cannot be sold, the two-year operating loss is as high as 157.1 billion, the company's operation is not normal, and it is losing money every day. The second is that land recovery and asset impairment losses are the most severe, with a total loss of 249.5 billion yuan in two years.

In fact, before Evergrande revealed its family, the creditors all chose to give in, because they were afraid that Evergrande's ship would sink. In March this year, Evergrande's long-gambling overseas restructuring plan was finally passed, and overseas debts were extended for 12 years, so that Evergrande would not die suddenly, Xu Jiayin also said at the time that he needed to borrow another 300 billion yuan to revitalize, the key is which creditor dares to agree again.

The Roman Empire was not built in a day, and the Evergrande Empire did not collapse in a day.

Now, there are only two cards that Evergrande can play, one is Evergrande Automobile, but according to the current sales situation, it is impossible to turn over by this, and the other is Evergrande's land reserve. Originally, this is the most promising, but at present, if the real estate market does not pick up, this is also hopeless.

I think that at the beginning, when Evergrande just exploded the thunder, everyone was calling for saving Evergrande, but now, there is no salvation success, not that everyone does not want to save, but simply can't do it!