R&FPROPERTIES：2024AnnualResultsAnnouncement.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)2024 ANNUAL RESULTS ANNOUNCEMENTThe board of directors(the“Board”)of Guangzhou R&F Properties Co.,Ltd.(the“Company”

3、or“R&F”,together with its subsidiaries,the“Group”)is pleased to announce the audited consolidated annual results of the Group for the year ended 31 December 2024.The annual results have been reviewed by the audit committee of the Company.2CHAIRMANS STATEMENTLooking back over the past 12 months in 20

4、24,Chinas economic environment and property sector endured successive years of challenging market conditions amidst a backdrop of global uncertainty affecting various sectors.Global factors such as geopolitical risk and trade conflicts created negative sentiment towards further investment leading to

5、 governments adopting a cautious approach to policy direction but setting a more positive tone to stimulus measures.Chinas GDP was stable at around 5%p.a.but not without a concerted effort by the Chinese Government to stimulate domestic consumption and encourage private sector investment whilst main

6、taining inflation pressures at acceptable levels.Despite Chinas economy exhibiting signs of gradual recovery,heading into 2025 the message coming out of from the Chinese Politburo meetings reinforced an emphasis on economic stability,domestic demand and consumption,and quality growth with particular