Author(s)

Bowen Ma, Yonger Zuo

Corresponding Author

Yonger Zuo

ABSTRACT

The epidemic that broke out in early 2020 has had a greater impact on various industries in China, and real estate as a pillar industry of the Chinese economy cannot be avoided. By comparing the development of China's real estate market before and after the epidemic, we can clarify the impact of the epidemic and make predictions about the development of real estate in the next few years. This article selects Country Garden Group as a representative of the real estate industry and selects 2017~2019 and 2019~2021 as the time range for financial and non-financial analysis. The analysis results show that before the epidemic, Country Garden Group was in an overall upward development trend. Under the influence of the 2020 epidemic, the group’s finances and the market declined, but after the epidemic eased in the second half of 2020, the group’s market also recovered and there is a trend of continued recovery. Country Garden Group represents the leading real estate company in China. This article is a deeper theoretical analysis of the group's financial data, and combined with the current market and new regulatory policies under COVID-19, it proposes its future practical direction. Large real estate companies such as Country Garden Group should accelerate their transition to green development and expand their business scope to catering, hotels, schools and other fields.

KEYWORDS

Covid-19, real estate, Country Garden, financial analysis, qualitative analysis