Guangzhou R&F Properties Co., Ltd. provided preliminary unaudited group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a net loss of approximately RMB 19.5 billion as compared to a net loss of RMB 15.779 billion for the year ended 31 December 2022. The expected net loss is mainly attributable to the following factors: the continuous downturn in the real estate market of China which resulted in a decrease in revenue and gross profit generated from property development; an increase in the impairment provision of properties under development and completed properties held for sale; an increase in fair value loss on investment properties; and the write-off deferred tax assets recognised in prior years related to unutilized tax losses.
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5-day change | 1st Jan Change | ||
0.92 HKD | +2.22% |
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+4.55% | -19.30% |
14/06 | Guangzhou R&F Properties Logged 970 Million Yuan in May Contracted Sales | MT |
31/05 | Guangzhou R&F Properties Co., Ltd. Approves Appointment of Zhao Feng as Executive Director | CI |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-19.30% | 433M | |
+15.70% | 25.35B | |
+23.97% | 24.85B | |
-4.64% | 24.58B | |
-17.82% | 24.55B | |
+3.34% | 19.58B | |
+26.84% | 19.24B | |
-0.38% | 19.01B | |
+51.33% | 18.98B | |
-4.65% | 15.43B |
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- Guangzhou R&F Properties Co., Ltd. Provides Preliminary Unaudited Group Earnings Guidance for the Year Ended 31 December 2023