Net profit of Sunac China 2022
In 2022, the Chinese property development company Sunac generated a net profit of nearly negative 30 billion yuan, down dramatically from the peak of 39.6 billion yuan in 2020. The Chinese real estate sector is witnessing a crisis sparked by the debt difficulties of Evergrande Group and other property developers. The challenges raised concerns and affected investor confidence, property sales, and revenues across the sector.