R&FPROPERTIES：2020AnnualResultsAnnouncement.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)2020 ANNUAL RESULTS ANNOUNCEMENTFINANCIAL HIGHLIGHTS Attributable contracted sales were stable at RMB138.79 billion

3、 Recognised revenue and gross profit of RMB85.89 billion and RMB20.39 billion,respectively Net profit achieved RMB9.15 billion despite challenging operating conditions Attributable land bank of 51.90 million sq.m.Ability to significantly reduce RMB37.41 billion debt to improve financial profile Suff

4、icient liquidity with cash of RMB39.95 billion Earnings per share was RMB2.53 per share Proposed final dividend of RMB0.62 per share including interim dividend,full year dividend was equivalent to RMB1.00 per shareThe board of directors(the“Board”)of Guangzhou R&F Properties Co.,Ltd.(the“Company”or“

5、R&F”)is pleased to announce the consolidated results of the Company and its subsidiaries(the“Group”)for the year ended 31 December 2020.The annual results have been reviewed by the audit committee of the Company.2CHAIRMANS STATEMENTTaking a lookback at 2020,it was a financial year where the yearlong

6、 effects of the coronavirus(“COVID-19”)was felt globally across various economies and livelihoods.A large part of 2020 was spent understanding what COVID-19 is,how to prevent catching it,and ways to contain its further spreading within the global community.The devastating effects of COVID-19 to heal