Guangzhou R&F Properties Co Ltd Class H (HK:2777)
:2777
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Guangzhou R&F Properties Co
(2777)
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Rating:39Underperform
Price Target:
HK$0.34
▼(-38.18% Downside)
Action:DowngradedDate:05/05/26
The score is primarily constrained by severely weakened financial performance—large continuing losses and negative equity that elevate solvency risk—partially offset by improved 2025 operating/free cash flow. Technicals remain bearish with price below key moving averages and negative MACD, while valuation is weak due to loss-making results and no dividend data.
Positive Factors
2025 operating & free cash flow improvement
The shift to positive operating and free cash flow in 2025 indicates the company can generate cash from core operations after years of outflows. If sustained, this improves liquidity, supports working capital and interest payments, and creates a path for gradual deleveraging versus relying solely on asset sales.
Negative Factors
Negative equity / balance sheet deficit
Negative equity materially heightens refinancing and solvency risk because liabilities exceed reported equity. This structural deficit constrains access to capital markets, limits creditor flexibility, and increases default risk on longer timelines unless retained earnings or capital injections restore positive net worth.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 operating & free cash flow improvement
The shift to positive operating and free cash flow in 2025 indicates the company can generate cash from core operations after years of outflows. If sustained, this improves liquidity, supports working capital and interest payments, and creates a path for gradual deleveraging versus relying solely on asset sales.
Read all positive factors
Guangzhou R&F Properties Co (2777) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.35B
Dividend YieldN/A
Average Volume (3M)10.81M
Price to Earnings (P/E)―
Beta (1Y)2.55
Revenue Growth-34.82%
EPS Growth6.82%
CountryHK
Employees21,819
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-5.18
Shares Outstanding3,752,367,400
10 Day Avg. Volume5,779,590
30 Day Avg. Volume10,814,419
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.42
Price to Sales (P/S)0.16
P/FCF Ratio1.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.53
Revenue Forecast (FY)HK$12.67B
Guangzhou R&F Properties Co Business Overview & Revenue Model
Company Description
Guangzhou R&F Properties Co., Ltd. is a leading real estate developer based in Guangzhou, China. The company primarily engages in residential and commercial property development, construction, and management. R&F Properties operates across various...
How the Company Makes Money
The company’s primary revenue source is real estate development: it acquires land use rights, develops residential and commercial projects, and generates revenue by selling completed (or pre-sold) properties to homebuyers and business customers, w...
Guangzhou R&F Properties Co Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.26B | 10.79B | 17.70B | 36.24B | 35.19B | 76.23B |
| Gross Profit | -705.75M | -2.39B | -580.90M | 1.92B | 4.04B | -1.42B |
| EBITDA | -4.93B | -7.24B | -4.54B | -6.40B | 166.36M | -9.15B |
| Net Income | -19.43B | -16.00B | -17.71B | -20.16B | -15.74B | -16.47B |
Balance Sheet | ||||||
| Total Assets | 289.15B | 268.98B | 290.59B | 334.87B | 368.92B | 398.54B |
| Cash, Cash Equivalents and Short-Term Investments | 688.05M | 3.06B | 787.38M | 1.73B | 2.18B | 6.26B |
| Total Debt | 111.90B | 99.45B | 110.04B | 127.68B | 127.12B | 129.31B |
| Total Liabilities | 264.38B | 260.83B | 262.14B | 288.48B | 301.98B | 315.68B |
| Stockholders Equity | 12.28B | -4.11B | 15.92B | 33.70B | 54.43B | 70.19B |
Cash Flow | ||||||
| Free Cash Flow | 430.09M | 1.52B | -1.61B | -2.10B | -2.16B | 11.43B |
| Operating Cash Flow | 453.88M | 1.54B | -1.53B | -1.56B | -1.26B | 13.24B |
| Investing Cash Flow | -557.46M | -198.91M | 885.38M | 774.83M | 629.26M | -3.45B |
| Financing Cash Flow | -631.45M | -1.21B | -320.33M | 330.52M | -3.51B | -29.14B |
Guangzhou R&F Properties Co Technical Analysis
Negative
0.55
Price Trends
0.49
Negative
0.53
Negative
0.65
Negative
Market Momentum
-0.03
Negative
37.08
Neutral
71.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2777, the sentiment is Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.49, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 37.08 is Neutral, neither overbought nor oversold. The STOCH value of 71.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2777.
Guangzhou R&F Properties Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$252.01B | 3.64 | 8.80% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$163.84B | 7.48 | 3.54% | 4.54% | -9.39% | -19.08% | |
47 Neutral | HK$58.55B | -6.27 | 0.65% | 3.96% | -23.93% | -90.51% | |
46 Neutral | HK$11.88B | 0.12 | -3.01% | ― | -38.67% | ― | |
41 Neutral | HK$51.79B | -1.28 | -59.37% | ― | -28.73% | -60.86% | |
39 Underperform | HK$1.35B | -0.04 | -89.23% | ― | -34.82% | 6.82% |
* Real Estate Sector Average
HK:2777
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Guangzhou R&F Properties Co Corporate Events
Guangzhou R&F Updates Market on Major Litigation and Bond-Related Matters
Apr 29, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to align disclosures between the Shanghai and Hong Kong stock exchanges, uploading details of major matters and related progress concerning its onshore corporate bonds. The fil...
Guangzhou R&F Sets 2025 AGM to Seek Fresh Financing Mandates and Board Changes
Apr 29, 2026
Guangzhou RF Properties has convened its 2025 annual general meeting for 29 May 2026 in Guangzhou, where shareholders will review the 2025 board, supervisory committee and audited financial reports, reappoint BDO Limited as auditor, and vote on th...
Guangzhou R&F Resumes Trading of Restructured Onshore Corporate Bond
Apr 17, 2026
Guangzhou RF Properties has announced the resumption of trading in its 2016 Corporate Bonds (Series 3), known under bond code 136360 and abbreviation H16RF4, following the approval of a restructuring plan by bondholders in November 2025. The compa...
Guangzhou R&F Posts RMB2.91 Billion in Unaudited Contracted Sales for Q1 2026
Apr 17, 2026
Guangzhou RF Properties reported unaudited contracted sales of about RMB1.44 billion for March 2026, covering 163,800 square meters of gross floor area. This indicates ongoing activity in its property development business despite a challenging env...
R&F Flags Subdued 2025 as China Eases Property Curbs but Recovery Lags
Mar 31, 2026
Guangzhou RF Properties reported its audited consolidated results for 2025 against a backdrop of gradual macroeconomic stabilisation in China, where GDP grew around 5% despite ongoing geopolitical tensions and trade disputes. The government has sh...
Guangzhou R&F Properties Revamps Board and Committees Ahead of 2026 AGM
Mar 31, 2026
Guangzhou RF Properties announced that independent non-executive director Zheng Ercheng will step down at the conclusion of its 29 May 2026 annual general meeting, relinquishing his roles on the audit, remuneration, and nomination committees, citi...
Guangzhou R&F Properties Moves to Modernise Articles for New Regulatory Rules
Mar 31, 2026
Guangzhou RF Properties has proposed amendments to its articles of association to reflect recent changes in PRC company law and updated Hong Kong Listing Rules. The revisions will enable hybrid general meetings, allow electronic voting and introdu...
Guangzhou R&F Flags RMB16.6 Billion 2025 Loss as China Property Slump Persists
Mar 31, 2026
Guangzhou RF Properties has warned investors that it expects to post a net loss of about RMB16.6 billion for 2025, narrowing slightly from the RMB17.789 billion loss recorded in 2024. The continued downturn in China’s property market has wei...
Guangzhou R&F Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
Guangzhou RF Properties has scheduled a board meeting in Hong Kong for 31 March 2026 to review and approve the company’s annual results for the financial year ended 31 December 2025. The board will also consider recommending a final dividend...
Guangzhou R&F Posts RMB1.47 Billion in Unaudited Contracted Sales by February 2026
Mar 13, 2026
Guangzhou RF Properties Co., Ltd. reported unaudited contracted sales of approximately RMB750 million in February 2026, covering 87,100 square meters of gross floor area, reflecting its ongoing activity in the Chinese property market. By the end o...
Guangzhou R&F Posts RMB720 Million in Preliminary January Sales
Feb 13, 2026
Guangzhou RF Properties reported unaudited contracted sales of about RMB720 million for January 2026, representing 65,100 square meters of gross floor area sold during the month. The data, based on preliminary internal figures, offers investors an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.