R&FPROPERTIES：2018AnnualResultsAnnouncement.pdf

1、1Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia

2、nce upon the whole or any part of the contents of this announcement.(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)(Stock code:2777)2018 ANNUAL RESULTS ANNOUNCEMENTFINANCIAL HIGHLIGHTS Revenue increased by 30%to RMB76.86 billion Core profit increa

3、sed by 49%to RMB9.53 billion Gross profit margin of the Group and sales of properties increased to 36.4%and 40.3%respectively Effective interest rate remained low at 5.74%p.a.Sufficient liquidity with cash of RMB34.71 billion Proposed final dividend of RMB0.83 per share including interim dividend,fu

4、ll year dividend was equivalent to RMB1.23 per shareThe board of directors(the“Board”)of Guangzhou R&F Properties Co.,Ltd.(the“Company”or“R&F”)is pleased to announce the consolidated results of the Company and its subsidiaries(the“Group”)for the year ended 31 December 2018.The annual results have be

5、en reviewed by the audit committee of the Company.2CHAIRMANS STATEMENTFor the financial year ended 2018,it was a challenging period in terms of macroeconomic stability and overall financing conditions which required the Group to focus on achieving internal targets and meeting financial obligations.I

6、n 2018,despite an unstable market outlook and financing uncertainties,the Group successfully achieved its key operating objectives of RMB130 billion attributable contracted sales target and 6.5 million sq.m.of attributable GFA delivery.Actual attributable contracted sales achieved was RMB131.1 billi