2022年1月17日

R&F real estate sales in the first quarter of 30.55 billion yuan up 68% year on year Guangzhou city projects continue to speed up

April 2 (April 1, Guangzhou R&F Real Estate Co., Ltd. (referred to as “R&F Real Estate”) released unaudited operating data in March. Announcement shows that in March 2021, R&F Real Estate realized sales revenue of about 10.13 billion yuan, up 12% month-on-month and 11% year-on-year; The sales area was about 759,100 square meters, with a year-on-year growth of 4% and 3%.

Overall, by the end of March 2021, R&F Real Estate has achieved a total sales revenue of about 30.55 billion yuan and a sales area of about 2.312,100 square meters, with year-on-year growth of 68% and 53% respectively.

Previously released financial statements show that in 2020, R&F Real Estate’s equity sales amount is about 138.79 billion yuan, and the sales area is about 11.5309 million square meters.

By the end of 2020, R&F has signed urban renewal cooperation projects with a planned total construction area of more than 80 million square meters, a sales area of more than 41 million square meters, and a value of more than 1.2 billion yuan. In terms of saleable area, the area of first – and second-tier cities accounts for 94%, and the area of the Greater Bay Area accounts for 60%. In 2020, the success of F & F has been widely reported. It has successively acquired such projects as Datong Village, Chisha Village, Stone Wall Village, Jishan Village and Haizhong Village in Guangzhou. These projects have excellent layout and clear cash cash of value dividend, which has become the “anchor stone” for the steady growth of the company’s profits.

Fuli group, urban renewal has become extremely important strategic position of plate, not only is the key of the future resource reserves, also is a mainstay of the contribution to the performance, 2020 single plate sales exceed 5 billion guangzhou rich h Minneapolis fuli open far, selling 7 billion xian city project, is the contribution of urban renewal projects into strong support.

On March 25, more than 90% of the villagers voted for the “village in the city” reconstruction plan of Chentian Village in Baiyun District, Guangzhou. The first phase of the resettlement plan was approved and the high quality supporting school will be closed soon. The good news marks that the “village in the city” reconstruction project of Chentian Village is speeding up again. R&F Group also demonstrated its professional ability and strong strength as a leader of urban renewal with practical results.

On the whole, R&F’s professional advantages in urban renewal and the strength of years of deep cultivation are enough to resist the risk of periodic real estate development. Meanwhile, the huge urban renewal projects also bring the company high-quality and low-cost land reserve. With the continuous development of the Greater Bay Area, urban renewal projects will gradually usher in the harvest period, and R&F will also further enjoy the dividends brought by the urbanization process.

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