R&F property: reduce leverage, develop steadily, practice public welfare and take responsibility.

Process Editor | Wang Qian

On March 25th, R&F Real Estate (02777. KH) released the 2020 financial report.

The data shows that the company achieved an annual operating income of 85.89 billion yuan and a net profit of 965.438+0.5 billion yuan. At the same time, the annual equity sales amount of R&F Real Estate is about 65.438+0388 billion yuan, and the sales area is about 65.438+065.438+0530900 square meters, all of which have achieved positive growth.

It is worth noting that in 2020, the asset structure of R&F real estate was optimized, the debt scale was reduced by about 37.465438 billion yuan, and the cash held at the end of the period was 39.95 billion yuan, which laid a financial foundation for the subsequent steady development.

In 2020, in the face of the impact of the epidemic, R&F Real Estate still maintained a relatively stable performance and won many industry honors.

According to public information, R&F has continuously won awards such as "Top Real Estate Development Enterprises in China in 2020 10", "Top Comprehensive Strength of Listed Real Estate Enterprises in China 10" and "Best Environmental Responsibility Practice and Best Social Responsibility Practice Enterprise of Listed Real Estate Enterprises in China 10", and is committed to the development and social responsibility of real estate enterprises in China.

In terms of performance, according to the financial report, R&F Real Estate confirmed a turnover of RMB 85.89 billion and a net profit of RMB 965.438+0.5 billion in 2020. In addition, according to the previously disclosed data, in the whole year of 2020, the sales amount of R&F equity is about 65.438+0388 billion yuan, and the sales area is about 65.438+065.438+05309 million square meters.

Based on the support provided by this profitability, R&F continues to pay dividends to shareholders. It is estimated that the final dividend will be 0.62 yuan per share, and the annual dividend will reach 65,438 yuan per share +0 yuan.

At the same time, in 2020, R&F property has maintained a rich soil reserve. By the end of 2020, the saleable area of accumulated equity land reserve is 510.9 million square meters, with a value of about 700 billion, which is enough to meet the development business needs in the next 3-5 years.

In addition, although the epidemic has not completely ended, R&F Real Estate has begun to make further efforts. In the first two months of 2002/kloc-0, the company's total sales revenue was about 20.42 billion yuan, and its sales area was about15.53 million square meters, up by 124% and 99% respectively, which continued the growth momentum at the end of last year.

In 2020, the "three red lines" of the housing and construction sector will become the focus of all real estate enterprises. It can be seen that during this year, R&F Properties achieved remarkable results in reducing leverage, which laid the foundation for the company's subsequent steady development.

The primary goal of reducing leverage is to achieve cash growth and withdrawal. In 2020, on the one hand, R&F Real Estate will continue to work hard on product sales and accelerate industrialization; On the other hand, it has successfully raised funds for many times, enriching the company's cash flow through equity allotment and introducing heavyweight partners.

On September 28th, 2020, 2.2 billion domestic unlisted shares of R&F Real Estate were all converted into overseas listed shares, realizing the full circulation of H shares and improving the liquidity of shares; On October 5th, 65438/KLOC-0, R&F completed the issuance of 257 million new H shares, raising a total of HK$ 2.524 billion.

At the same time, R&F has carried out extensive cooperation in existing assets to increase asset liquidity. 165438+1On October 9, R&F announced that it had reached a cooperation with Blackstone's fund to transfer 70% of the property located in Guangzhou R&F International Airport Comprehensive Logistics Park to Blackstone at a price of 6.3 billion yuan.

Thanks to the efforts in revenue and expenditure, in 2020, R&F has achieved positive operating cash flow, with total liabilities reduced by 37.4438 billion yuan and net debt ratio significantly reduced by 69 percentage points. The financial report shows that at the end of 2020, R&F held RMB 39.95 billion in cash.

Under the guarantee of sufficient funds, at the end of 2020 and the beginning of 20021,R&F carried out a batch of intensive debt repayment, and continued to maintain the record of no default since its establishment. Including the payment of "18 R&F 08" bond resale principal of 3.999 billion yuan and interest of 262 million yuan on February 4, 2020; 202 1, 65438+ completed the redemption of the "18 r&f 10" resale principal and full interest * * * with an amount of about RMB 75 1 1 00000000000 yuan; 65438+1October 6, the full principal and interest payment of "16 R&F 0 1" corporate bonds was completed ahead of schedule, amounting to 6.432 billion yuan; 654381October 20th announced that "16 R&F 03" paid 3.852 billion yuan in principal and interest of corporate bonds. In just two months, R&F Real Estate has paid more than 2 billion yuan of bond principal and interest. In addition, R&F improved its debts due by refinancing and extending the recent debts to more than one year, including issuing $500 million of 25-year senior notes and $325 million of 3.5-year senior notes.

In 2020, the world will be hit hard by the COVID-19 epidemic. In difficult times, R&F Real Estate takes the lead in setting an example, which fully embodies the responsibility and feelings of an excellent enterprise.

After the outbreak, R&F Real Estate quickly took action. On February 5th, R&F Group donated RMB100000 to China Youth Foundation to set up R&F Love Fund, which was mainly used to subsidize designated hospitals to purchase materials needed for epidemic prevention and control, to subsidize young volunteers across the country to provide voluntary services for epidemic prevention and control, to subsidize families of infected medical staff, teenagers with sick relatives and people with financial difficulties in their families, and to reward medical workers who have made outstanding contributions to epidemic prevention.

At the same time, R&F also donated RMB100,000 yuan to Guangzhou Charity Association to support the virus diagnosis research of Zhong Nanshan Medical Foundation, the procurement of medical materials and the treatment of patients in designated hospitals in Guangzhou. Guangzhou Charity Association will co-ordinate the procurement of materials and the condolences of front-line medical staff.

For the worst-hit Wuhan area, on March 22nd, 2020, R&F also raised 5 million yuan worth of living materials through various channels and transported them to Wuhan to ensure the "vegetable basket" and "rice bag" of Wuhan citizens.

R&F Commercial also announced that it would waive part of the rents of its eight shopping center shops to support and assist merchants to tide over the difficulties.

In fact, since the establishment of 1994, R&F Property has been paying attention to people's livelihood and actively practicing public welfare undertakings. Its charitable donations totaled more than 600 million yuan, covering culture, education, health, public security, respect for the elderly, poverty alleviation and other fields.

202 1 1 At the 2020 Greater Bay Area Charity Festival hosted by, R&F Group won the "Five-Star Donation List of Charity Units", "Influence List of Charity Enterprises" and "Enterprise with Outstanding Contribution to Social Responsibility of the Year" jointly issued by Guangzhou Civil Affairs Bureau, Guangzhou Daily Newspaper Group, Guangzhou Charity Association, Guangdong Charity Federation and Guangdong-Hong Kong-Macao Greater Bay Area Charity Association. These awards are an appropriate portrayal of R&F as a model enterprise of social citizens.

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