Guangzhou R&F Properties Co., Ltd. 富力地产, along with its subsidiaries, is engaged in development and sale of properties, property investment, hotel operations and other property development related service in the People’s Republic of China. The Company’s principal activity is the development of residential and commercial properties for sale in China. The Company also develops hotels, office buildings and shopping malls in Beijing, Guangzhou, and other cities, which are held as investment properties. It operates in three segments: property development, property investment and hotel operations. As of December 31, 2011, it had 39 projects under development in 14 major cities, including Beijing, Tianjin and Guangzhou. It is also involved in co-developing some large-scale projects. As of December 31, 2011, its subsidiaries included R&F Properties (HK) Company Limited, R&F Properties (BVI) Co., Ltd., Palace View Investments Limited and others.
In 2012, the enterprise’s turnover reached 30.4 billion yuan (US$4.887 billion), up 11 percent compared with 2011. Besides, the sales volume reached 32.2 billion yuan (US$5.181 billion) with a sales area of 2.88 million square meters, up 13 percent and 32 percent respectively.
Additionally, the corporation aimed increase its sales volume to a massive 42 billion yuan (US$6.758 billion) in 2013, up 23 percent compared with 2012.
R&F Properties (SEHK: 2777) was established in 1994 in Guangzhou, China. It is one of the largest-scale real estate companies in Guangzhou. It is engaged in integrating real estate design,development, engineering supervision, sales, property management and real estate intermediary.
Its H shares were listed at the Hong Kong Stock Exchange on 14 July 2005, It is also the first mainland real estate enterprise joining into Hang Seng China Enterprises Index.