R&FPROPERTIES：2019AnnualResultsAnnouncement.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)2019 ANNUAL RESULTS ANNOUNCEMENTFINANCIAL HIGHLIGHTS Attributable contracted sales increased by 5%to RMB138.19 bill

3、ion Recognised revenue increased by 18%to RMB90.81 billion Gross profit margin of the Group and sales of properties was stable at 32.8%and 34.9%,respectively Net profit increased by 16%to RMB10.09 billion Attributable land bank of 57.90 million sq.m.Sufficient liquidity with cash of RMB38.44 billion

4、 Earnings per share increased 15%to RMB3.00 per share Proposed final dividend of RMB0.86 per share including interim dividend,full year dividend was equivalent to RMB1.28 per shareThe board of directors(the“Board”)of Guangzhou R&F Properties Co.,Ltd.(the“Company”or“R&F”)is pleased to announce the co

5、nsolidated results of the Company and its subsidiaries(the“Group”)for the year ended 31 December 2019.The annual results have been reviewed by the audit committee of the Company.2CHAIRMANS STATEMENTIn 2019,global macroeconomic environments remained turbulent with the persistence of trade war tension

6、s and Brexit unresolved.Amidst a backdrop of uncertainties,there was a flight to safety as capital investments locked in returns from USD bonds and fixed-rate loans.As the year progressed,a growing optimism in the economy created periods of stability to provide confidence in spending and other inves