R&FPROPERTIES：AnnualReport2023.pdf

1、ANNUAL REPORTANNUAL REPORT20232023Stock code:2777GUANGZHOU R&F PROPERTIES CO.,LTD.Financial Highlights 3Letter to Shareholders 4Business Review 7Investor Relations 10Financial Review 11Corporate Governance Report 15Report of the Directors 23Report of the Supervisory Committee 32Directors,Supervisors

2、 and Senior Management 33Independent Auditors Report 38Consolidated Financial Statements 43Supplementary Information 144Five-Year Financial Summary 145Property List 146Corporate Information 161Shareholders Information 162ContentsGUANGZHOU R&F PROPERTIES CO.,LTD.Annual Report 20232ABOUT R&FGuangzhou

3、R&F Properties Co.,Ltd.(“R&F”or the“Company”,together with its subsidiaries,collectively the“Group”),one of Chinas largest and most well-known property developers,was founded in 1994 and headquartered in Guangzhou.After thirty years of rapid development,the Company has become a conglomerate primaril

4、y engaged in property development,as well as diversified businesses including hotel development,commercial operation,culture,recreation and tourism,healthcare and architectural and engineering design.As of the end of 2023,the Group has total assets of approximately RMB335 billion and a land bank of

5、saleable area of approximately 44 million sq.m.and 90 deluxe hotels in operation managed by well-known hotel management groups.Additionally,the Group has a total GFA of approximately 2 million sq.m.of investment properties under operation.The Groups businesses cover over 145 cities and regions.For t

6、he past 30 years,the Group has adhered to a development strategy of“creating a quality living with the heartbeat of the city”,and strives to become a world leader in building quality of life.FINANCIAL HIGHLIGHTSGUANGZHOU R&F PROPERTIES CO.,LTD.Annual Report 2023320232022%ChangesOPERATING RESULTS(RMB