R&FPROPERTIES：AnnualReport2021.pdf

1、GUANGZHOU R&F PROPERTIES CO.,LTD.Annual Report 202145-54/F.,R&F Center,10 Huaxia Road,Pearl River New Town,Guangzhou,ChinaPostal Code:510623 Tel:(8620)3888 2777 Fax:(8620)3833 2777Hong Kong Office:Room 6303,The Center,No.99 Queens Road Central,Hong KongTel:(852)2511 6675 Fax:(852)2511 *for identific

2、ation purpose onlyANNUAL REPORT2021Stock code:2777GUANGZHOU R&F PROPERTIES CO.,LTD.Financial Highlights 5Letter to Shareholders 8Business Review 16Our Property Portfolio 20Investor Relations 26Environmental,Social and Governance Report 27Financial Review 77Corporate Governance Report 83Report of the

3、 Directors 90Report of the Supervisory Committee 102Directors,Supervisors and Senior Management 103Independent Auditors Report 108Consolidated Financial Statements 113Supplementary Information 224Five-Year Financial Summary 225Property List 226Corporate Information 243Shareholders Information 244Con

4、tentsGUANGZHOU R&F PROPERTIES CO.,LTD.Annual Report 20214 As one of Chinas largest and most well-known property developers,Guangzhou R&F Properties Co.,Ltd.(“R&F”or the“Company”,together with its subsidiaries,collectively the“Group”)founded in 1994 and headquartered in Guangzhou.After over twenty ye

5、ars of rapid development,the Company is a conglomerate primarily engaged in property development,as well as diversified businesses including hotel development,commercial operation and architectural and engineering design.The Groups total sales amounted to approximately RMB120.2 billion in 2021.As of

6、 the end of 2021,the Group has a land bank of approximately 50 million sq.m.and owns 93 deluxe hotels in operation,managed by well-known hotel management groups.Meanwhile,the Group has a total GFA of approximately 1.9 million sq.m.of investment properties under operation.The Groups businesses cover