Guangzhou R&F Properties Co., Ltd. (“R&F”) (SEHK: 2777) was established in 1994 with a registered capital of CNY806 million focused on the design, development, construction, sale, property management and property related services in China and officially licensed to develop high class property developments and provide top rate property design, construction, property management and property related services. R&F is today regarded as a leading comprehensive property developer in China. On July 14, 2005, R&F made a successful debut listing on the Stock Exchange of Hong Kong and subsequently became the first China property developer to be included as a constituent member of the Hang Seng China Properties Index. Since its establishment in 1994, our senior management and team has devoted their attention and level of detail to win the praise and recognition of our customers. As a testament to our commitment and solid foundation, we have been recognized for numerous accolades including ranked as the number 1 in terms of overall strength among all property developers in China for five years consecutively between 2005 and 2009 based on National Statistics Bureau, in 2008 was ranked number 1 amongst “China Top 100 Tax Payers”, and in 2012 became the first amongst a handful of companies to be regarded as an “Enterprise Headquarter Recognized by Guangzhou City”. R&F continues to lead the way in gaining recognition in China as a leading China property enterprise.
“Adapting to change and riding the urbanization trend” has been our guiding policy in recent years, has created an association of our property developments to be a flagship name in each city we have a presence, and further strengthening our R&F brand recognition. As at the end of December 2013, we have an attributable land bank of 43.3 million sq.m., comprising of over 50 project developments, an area underdevelopment in excess of 10 million sq.m., and up to CNY140 billion in total assets. In 2012, including our proportion of joint venture developments, we achieved CNY42.2 billion of contracted sales or equivalent to 3.39 million sq.m., and recorded a net profit of CNY7.64 billion with an stable target growth of no less than 15% p.a. in the near term. Headquartered in Guangzhou, we have to date built up our scale to 25other key cities and regions including Beijing, Tianjin, Harbin, Xi’an, Taiyuan, Datong, Shenyang, Shanghai, Nanjing, Chongqing, Chengdu, Huizhou, Hainan, Hangzhou, Wuxi, Changsha, Guiyang, Meizhou, Fuzhou, Guiyang, Nanning, Baotou, Foshan, Zhuhai and Malaysia, to be firmly regarded as a national developer
Coupled with China’s economic growth continuing to outpace the rest of the world, the demand for commercial property in China is on the rise as emerging Central Business Districts (CBDs) grow in size in various cities. Our foresight and complimentary strategy to develop 21st Century commercial properties alongside residential properties will be a key to capturing the growing opportunity in commercial property as demand picks up. Within Guangzhou City, specifically in the new CBD withinPearl River New Town, we have very early on laid down the ground work to be able to capture today’s strong market share of commercial property in the region by securing over 10 parcels of land to develop close to 2.0 million sq.m. of commercial projects; in Beijing, we continue to further increase our commercial expertise and exposure with our Beijing R&FSquare as a prime example; in addition, we have established partnerships with world class hotel management companies to manage our expandingmulti-star hotel portfolio such as Marriott Group, Hyatt Group, Intercontinental Group and Hilton Group, etc. It is anticipated, that our investment in mixed use developments will unlock inherent value to create a new lease of life in our future direction.