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China Evergrande's contracted sales for FY'18 up YOY

China Evergrande Group logged contracted sales of roughly 551.34 billion yuan for 2018, up from 500.96 billion yuan in 2017.

During 2018, the real estate developer's contracted sales area reached approximately 52.435 million square meters, sold at an average price of 10,515 yuan per square meter.

China Evergrande's cash balance at the end of 2018 stood at roughly 201.24 billion yuan, subject to adjustment.

For 2019, the company targets contracted sales of 600.00 billion yuan.

As of Jan. 4, US$1 was equivalent to 6.87 yuan.