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.
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