Abstract
Due to the impact of the epidemic, the entire Chinese real estate industry is in a downturn, especially the Evergrande Group. Evergrande Group plays a vital role in the real estate industry, and Evergrande's debt crisis has also overwhelmed many real estate developers. This article analyzes the real estate industry, and Evergrande's financial problems and corporate management problems to see the problems that Evergrande has during the epidemic. Although Evergrande Group has made a lot of efforts for transformation during the epidemic, it still cannot make up for its huge loopholes. This can be attributed to its long-term debt, low profitability, prominent financial problems, insufficient cash flow and the adverse impact of its diversification strategy. Under the epidemic, it failed to transform and go bankrupt. According to the analysis, this article reflects and summarizes the reasons for Evergrande Group's failure. These results shed light on guiding other real estate companies and regulatory agencies to avoid mistakes and prepare for sustainable development in the future.
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