According to news from the Shanghai Stock Exchange, the performance of the real estate industry has bottomed out, and the operating situation has marginally improved. In 2022, the performance of real estate companies on the main board of the Shanghai Stock Exchange will be under pressure as a whole, with revenue falling by 9% year-on-year and losses.
In terms of leverage, after excluding accounts received in advance, the average asset-liability ratio was 71%, which was basically the same as that of the previous year. Since 2023, the policy support for the healthy and stable development of the real estate industry has helped sales rebounded significantly.
Poly Real Estate, Gemdale and other large real estate companies’ sales contract area increased by 14% and 33% respectively year-on-year. Overall, the financing environment for real estate companies has improved, and the prosperity is gradually recovering.
