According　to　the　descriptive　statistical　analysis　and　empirically　test　based　on　samples　of　2007-2015　Chinese　listed　companies　of　real　estate,　I　find　that　the　inventory　accounted　for　more　than　half　of　the　total　amount　of　assets　and　increased　heavily;　the　inventory　investment　turnover　is　slow,　the　asset-liability　ratio　is　higher;　ZZR,　ZFZ　and　YXFZ　have　a　significantly　negative　effect　on　ROA;　SYXY　and　YHXY　have　a　significantly　positive　effect　on　ROA;　CTC,　ZFZ,　YXFZ,　SYXY　and　YHXY　have　a　significantly　negative　effect　on　TBQ;　ZZR　has　a　significantly　positive　effect　on　TBQ.　These　findings　show　that　the　＂destocking＂　and　＂deleveraging＂　will　help　to　improve　the　financial　performance　and　market　performance　of　Chinese　listed　companies　of　real　estate.