Midea Real Estate announced its 2023 annual results report on March 27. During the reporting period, the company's “three red lines” remained at the green level. Among them, the net debt ratio was only 35.8%, down 8.1% year on year, the lowest in history. The level of leverage has declined in an orderly manner, and the debt structure has been continuously optimized. As of the end of 2023, interest-bearing liabilities amounted to RMB 38.07 billion, a year-on-year decrease of 21.4%. In 2023, the company issued a total of five medium-term notes totaling 4.62 billion yuan, and the financing channels remained unobstructed.