The "Report" pointed out that under the background of the real estate market entering a deep adjustment, listed real estate enterprises have entered the stage of shrinking their balance sheets. The average total asset scale of local state-owned enterprises in 2022 will be 1002.3 billion yuan, a year-on-year increase of 4.5%.
The gearing ratio of Shanghai and Shenzhen listed companies after excluding pre-receivables decreased slightly, while that of mainland listed companies in Hong Kong increased slightly.