Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
36.24B | 35.19B | 76.23B | 85.89B | 90.81B | Gross Profit |
1.92B | 4.04B | -1.42B | 22.98B | 31.61B | EBIT |
-7.85B | -1.40B | -10.65B | 13.18B | 21.84B | EBITDA |
-6.40B | 246.27M | -9.15B | 14.61B | 23.30B | Net Income Common Stockholders |
-20.16B | -15.74B | -16.47B | 9.00B | 9.67B |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
1.73B | 2.18B | 6.26B | 25.67B | 22.90B | Total Assets |
334.87B | 368.92B | 398.54B | 442.19B | 427.33B | Total Debt |
127.68B | 127.12B | 129.31B | 160.28B | 197.34B | Net Debt |
125.96B | 124.94B | 123.05B | 134.61B | 174.44B | Total Liabilities |
288.48B | 301.98B | 315.68B | 350.18B | 347.53B | Stockholders Equity |
33.70B | 54.43B | 70.19B | 89.50B | 77.36B |
Cash Flow | Free Cash Flow | |||
-2.10B | -2.16B | 11.43B | 17.77B | -25.38B | Operating Cash Flow |
-1.56B | -1.26B | 13.24B | 19.32B | -24.15B | Investing Cash Flow |
774.83M | 629.26M | -3.45B | 2.89B | -5.38B | Financing Cash Flow |
330.52M | -3.51B | -29.14B | -19.42B | 32.52B |
Guangzhou R&F Properties Co., Ltd. has issued an overseas regulatory announcement regarding major litigation and arbitration cases related to its corporate bonds. The announcement includes updates on a construction contract dispute involving Shanghai Qifu Properties Development Co., Ltd. and Guangzhou R&F Properties Co., Ltd., with progress details available on the Shanghai Stock Exchange website.
Guangzhou R&F Properties Co., Ltd. has announced its 2024 Annual General Meeting, scheduled for May 30, 2025, where key resolutions will be considered. These include approving financial reports, reappointing auditors, authorizing interim dividend payments, and re-electing a non-executive director. Additionally, the company plans to extend significant guarantees for its subsidiaries and associates, and seeks a mandate to issue additional shares, reflecting strategic financial maneuvers to enhance its operational capabilities and market positioning.
Guangzhou R&F Properties Co., Ltd. announced the progress of a material matter concerning bond credit enhancement measures. The company disclosed that the first auction of the Holiday Inn Guangzhou Airport Zone, used as collateral for certain bonds, has failed. In response, the company is actively communicating with the bank involved to protect bondholders’ rights and aims to reach a suitable resolution.
Guangzhou R&F Properties Co., Ltd. reported unaudited total contracted sales of approximately RMB1.19 billion for March 2025, with a gross floor area of 118,400 square meters. The cumulative total contracted sales by the end of March 2025 reached approximately RMB2.77 billion, covering 254,800 square meters. These figures are based on preliminary internal data and may differ from future audited financial statements, highlighting the need for cautious interpretation by investors.
Guangzhou R&F Properties Co., Ltd. has announced progress in its offshore debt restructuring efforts, with a revised deadline for creditors to consider the restructuring proposal set for May 16, 2025. This adjustment aims to facilitate the completion of the restructuring support agreement, reflecting the company’s ongoing efforts to manage its financial obligations and stabilize its operations.
Guangzhou R&F Properties Co., Ltd. has issued an overseas regulatory announcement concerning updates related to the Easy Tactic Notes and the proposed restructuring of the In-Scope Debt. The announcement includes information about the extension of the Accession Deadline, aiming to ensure equal information dissemination to investors in Hong Kong. This move is part of the company’s compliance with the Stock Exchange’s Listing Rules, although it does not constitute an offer or invitation to purchase securities.
Guangzhou R&F Properties Co., Ltd. announced the dismissal of winding-up petitions against its subsidiaries, Trillion Glory and R&F (HK), by the High Court. This development marks a positive turn for the company, potentially stabilizing its financial standing and reassuring stakeholders amidst previous legal challenges.
In its 2024 annual results announcement, Guangzhou R&F Properties Co., Ltd. reported on the challenging economic and property market conditions in China, influenced by global uncertainties such as geopolitical risks and trade conflicts. Despite these challenges, China’s GDP remained stable at around 5% with government efforts to stimulate domestic consumption and private sector investment. The property sector showed mixed outlooks, with state-owned companies receiving support to stabilize the market, while smaller private developers faced liquidity pressures. The Chinese government has introduced measures to boost economic recovery, including easing visa restrictions and offering tax incentives, which are expected to positively impact the property sector and broader economy.
Guangzhou R&F Properties Co., Ltd. has announced that its board of directors will hold a meeting on March 28, 2025, in Hong Kong. The agenda includes the approval of the annual results for the year ending December 31, 2024, and the consideration of a final dividend. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and potential returns.
Guangzhou R&F Properties Co., Ltd. reported unaudited operating statistics for February 2025, revealing total contracted sales of approximately RMB795 million with a gross floor area of 65,700 square meters. Cumulatively, by the end of February, the company achieved total contracted sales of approximately RMB1.58 billion with 136,400 square meters sold. These figures are preliminary and may vary from future audited reports, and investors are advised to exercise caution when using this data for investment decisions.
Guangzhou R&F Properties Co., Ltd. has issued an overseas regulatory announcement regarding the extension of the Accession Deadline related to the Easy Tactic Notes and the proposed restructuring of the In-Scope Debt. This move is part of the company’s efforts to ensure equal information dissemination to investors in Hong Kong and comply with listing rules. The announcement does not serve as an offer or inducement to buy securities, and no investment decisions should be based on it.
Guangzhou R&F Properties Co., Ltd. announced that its total contracted sales for January 2025 reached approximately RMB783 million, covering 70,700 square meters of gross floor area. The data is unaudited and based on preliminary information, highlighting potential variances with future audited results, thereby advising investors to exercise caution.