R&FPROPERTIES：AnnualReport2022.pdf

1、Stock code:2777GUANGZHOU R&F PROPERTIES CO.,LTD.ANNUAL REPORT2022Financial Highlights 3Letter to Shareholders 4Business Review 9Investor Relations 12Financial Review 13Corporate Governance Report 17Report of the Directors 25Report of the Supervisory Committee 33Directors,Supervisors and Senior Manag

2、ement 34Independent Auditors Report 39Consolidated Financial Statements 44Supplementary Information 149Five-Year Financial Summary 150Property List 151Corporate Information 167Shareholders Information 168ContentsGUANGZHOU R&F PROPERTIES CO.,LTD.ANNUAL REPORT 20222GUANGZHOU R&F PROPERTIES CO.,LTD.Ann

3、ual Report 20222Guangzhou R&F Properties Co.,Ltd.(“R&F”or the“Company”,together with its subsidiaries,collectively the“Group”),one of Chinas largest and most well-known property developers,was founded in 1994 and headquartered in Guangzhou.After over twenty years of rapid development,the Company has

4、 become a conglomerate primarily engaged in property development,as well as diversified businesses including hotel development,commercial operation and architectural and engineering design.As of the end of 2022,the Group has total assets of approximately RMB370 billion and a land bank of saleable ar

5、ea of approximately 47 million sq.m.and 92 deluxe hotels in operation managed by well-known hotel management groups.Additionally,the Group has a total GFA of approximately 1.9 million sq.m.of investment properties under operation.The Groups businesses cover over 145 cities and regions.For more than

6、20 years,the Group has adhered to a development strategy of“creating a quality living with the heartbeat of the city”,and strives to become a world leader in building quality of life.ABOUT R&FGUANGZHOU R&F PROPERTIES CO.,LTD.Annual Report 20223FINANCIAL HIGHLIGHTS20222021%ChangesOPERATING RESULTS(RM