BBC News
By Annabelle Liang
July 17, 2023
Crisis-hit Chinese property giant Evergrande has revealed that in 2021 and 2022 it lost a combined 581.9bn yuan ($81.1bn; £62bn).
The firm, which defaulted on its debts in late-2021, reported its long overdue earnings to investors in Hong Kong.
Evergrande has been struggling with an estimated $300bn (£229bn) of debts.
The huge losses highlight how much the developer was rocked in recent years by the property market crisis in the world’s second largest economy.