---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24099082.md"
description: "Evergrande Property implemented financial fraud through [advance recognition of revenue],In 2019, it inflated revenue by 213.989 billion yuan, accounting for 50.14% of the current operating income, inflated costs by 173.267 billion yuan, and inflated profits by 40.722 billion yuan, accounting for 63.31% of the total profits for the period;In 2020, it inflated revenue by 350.157 billion yuan, accounting for 78.54% of the current operating income, inflated costs by 298.868 billion yuan, and inflated profits by 51.289 billion yuan, accounting for 86.88% of the total profits for the period.The inflated amounts are just too exaggerated."
datetime: "2024-09-25T13:29:06.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24099082.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24099082.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24099082.md)
author: "[首板哥盘前](https://longbridge.com/en/profiles/7200389.md)"
---

# Evergrande Property implemented financial fraud th…