[Shanghai Stock Exchange: bottom-building operation of the real estate industry shows marginal improvement]-according to news from the Shanghai Stock Exchange, the performance of the real estate industry has bottomed out and the operating situation has improved marginally. In 2022, the overall performance of housing companies on the main board of the Shanghai stock market was under pressure, with revenue down 9% year-on-year and net profit at a loss. From the perspective of leverage, excluding accounts received in advance, the average asset-liability ratio is 71%, which is basically the same as the previous year. Since 2023, the "three arrows" policy of financial support for the healthy and steady development of the real estate industry has continued, and the sales side has rebounded significantly. The sales signed area of large real estate enterprises such as Poly Development and Jindi Group increased by 14% and 33% respectively compared with the same period last year. In the first quarter of 2023, the net profit of real estate enterprises increased slightly compared with the same period last year, and became a regular employee in the fourth quarter of 2022. On the whole, the financing environment of real estate enterprises in Shanghai stock market has been improved, the investment willingness has been marginal repaired, the bottom of the industry has been gradually formed, and the prosperity is gradually recovering.