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R&F PROPERTIES (02777) Annual Reports

富力地產 ・ Listed on the Main Board of the Hong Kong Stock Exchange, classified under Properties & Construction - Properties (Property Development). This page collects every annual report, interim report and results announcement filed by the company. All PDFs come directly from HKEXnews.

19
annual reports
20
interim reports
78
documents
2026
latest year

Company profile

Financial history

Revenue & profit
Annual · In bn (CNY)
Revenue 10.9 bn Net income 21.4 bn
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Show table：Income statement
Item200520062007200820092010201120122013201420152016201720182019202020212022202320242025
Revenue5.86 10.2 14.8 15.4 18.2 24.6 27.4 30.4 36.3 34.7 44.3 53.7 59.3 76.9 90.8 85.9 76.2 35.2 36.2 17.7 10.9
Gross profit1.62 3.70 5.62 5.16 5.75 9.29 11.4 12.4 14.2 12.3 14.2 15.2 21.0 27.9 29.8 20.4 -2.17 3.83 1.92 -0.82 -1.63
Net income1.28 2.16 5.38 3.14 2.92 4.46 4.83 5.66 7.65 6.51 6.71 7.06 21.4 ————————
Balance sheet
Annual · In bn (CNY)
Total assets 269 bn Total liabilities 261 bn
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet
Item200520062007200820092010201120122013201420152016201720182019202020212022202320242025
Current assets16.1 23.8 41.9 41.4 48.7 52.0 57.4 69.5 107 132 139 178 214 271 324 328 275 252 226 212 198
Non-current assets1.21 2.80 12.4 13.7 17.6 25.4 26.8 29.1 33.8 39.7 44.6 48.0 84.4 95.1 104 114 123 117 109 78.5 70.5
Total assets17.3 26.6 54.3 55.0 66.3 77.4 84.2 98.6 140 172 184 226 298 366 427 442 399 369 335 291 269
Current liabilities9.71 13.1 27.3 27.2 30.1 34.6 40.8 40.6 59.3 70.7 80.8 87.5 113 178 204 242 237 207 197 244 245
Non-current liabilities2.25 4.99 14.2 12.8 19.3 22.8 20.6 31.2 47.5 49.0 53.7 92.1 121 119 143 108 78.5 94.8 91.4 18.3 15.3
Total liabilities12.0 18.1 41.5 40.0 49.3 57.4 61.4 71.8 107 120 135 180 233 296 348 350 316 302 288 262 261
Equity5.33 8.56 12.8 15.1 17.0 20.0 22.7 26.8 33.5 52.1 49.2 46.8 64.9 69.9 79.8 92.0 82.9 66.9 46.4 28.5 8.15
Profitability
Annual · %
Gross margin -14.9% Net margin 36.1%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability
Item200520062007200820092010201120122013201420152016201720182019202020212022202320242025
Gross margin27.6%36.3%38.1%33.6%31.6%37.7%41.7%40.8%39.3%35.5%32.1%28.3%35.4%36.4%32.8%23.7%-2.8%10.9%5.3%-4.7%-14.9%
Net margin21.8%21.2%36.4%20.4%16.1%18.1%17.7%18.6%21.1%18.8%15.2%13.1%36.1%————————
Returns & leverage
Annual · %
ROE 38.4% ROA 8.2% Debt ratio 97.0%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage
Item200520062007200820092010201120122013201420152016201720182019202020212022202320242025
ROE24.0%31.1%50.4%22.6%18.2%24.1%22.6%22.8%25.4%15.2%13.2%14.7%38.4%————————
ROA7.4%9.8%13.3%5.7%4.8%6.2%6.0%6.2%6.4%4.2%3.8%3.4%8.2%————————
Debt ratio69.2%67.9%76.4%72.7%74.3%74.2%73.0%72.8%76.1%69.7%73.2%79.3%78.2%80.9%81.3%79.2%79.2%81.8%86.2%90.2%97.0%

The five-year summary covers results and balance sheet only — cash flow is not required, so no cash-flow chart is shown.

Source: five-year financial summary in the annual report (Listing Rules App. 16)

R&F PROPERTIES filings by year

Annual ReportInterim ReportFinal ResultsInterim Results
2026 — EN 中文 — EN 中文
2025 EN 中文 EN 中文 EN 中文 EN 中文
2024 EN 中文 EN 中文 EN 中文 EN 中文
2023 EN 中文 EN 中文 EN 中文 EN 中文
2022 EN 中文 EN 中文 EN 中文 EN 中文
2021 EN 中文 EN 中文 EN 中文 EN 中文
2020 EN 中文 EN 中文 EN 中文 EN 中文
2019 EN 中文 EN 中文 EN 中文 EN 中文
2018 EN 中文 EN 中文 EN 中文 EN 中文
2017 EN 中文 EN 中文 EN 中文 EN 中文
2016 EN 中文 EN 中文 EN 中文 EN 中文
2015 EN 中文 EN 中文 EN 中文 EN 中文
2014 EN 中文 EN 中文 EN 中文 EN 中文
2013 EN 中文 EN 中文 EN 中文 EN 中文
2012 EN 中文 EN 中文 EN 中文 EN 中文
2011 EN 中文 EN 中文 EN 中文 EN 中文
2010 EN 中文 EN 中文 EN 中文 EN 中文
2009 EN 中文 EN 中文 EN 中文 EN 中文
2008 EN 中文 EN 中文 EN 中文 EN 中文
2007 EN 中文 EN 中文 EN 中文 EN 中文

About R&F PROPERTIES annual reports

Where can I download R&F PROPERTIES (02777) annual reports?

Every year in the table above links straight to the PDF on HKEXnews, the Hong Kong Stock Exchange's official filing system. Both English and Chinese editions are available. 19 annual reports are indexed, covering 2007 to 2026.

Do Hong Kong listed companies publish quarterly reports?

No. Main Board issuers are only required to publish an interim report (half-year) and an annual report. Quarterly financial reporting is not mandatory, so Hong Kong filings arrive twice a year rather than four times. This page holds 20 interim reports for R&F PROPERTIES.

What is the difference between an annual report and a results announcement?

A results announcement (final or interim) is the condensed financial summary a company releases shortly after the period ends — usually a few dozen pages. The annual report follows months later and contains the audited financial statements, the directors' report and corporate governance disclosures. Read the announcement for the numbers first, the annual report for the full picture.

Source: HKEXnews, the Hong Kong Stock Exchange. All PDF links point to the original files; nothing is re-hosted here.
Browse all Hong Kong listed companies, or read this page in Chinese.