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 | ||
1.16 HKD | 0.00% | -1.69% | +1.75% |
May. 10 | R&F Properties Logs 770 Million Yuan in April Contracted Sales | MT |
May. 09 | Hong Kong Shares Rebound on Positive China Trade Data, Easing Realty Curbs | MT |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+1.75% | 558M | |
+15.36% | 29.51B | |
-5.68% | 27.95B | |
+22.85% | 26.37B | |
+16.07% | 25.32B | |
+17.30% | 22.55B | |
+35.10% | 21.87B | |
+1.52% | 19.44B | |
+13.03% | 18.35B | |
+11.43% | 16.62B |
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- Guangzhou R&F Properties Co., Ltd. Provides Preliminary Unaudited Group Earnings Guidance for the Year Ended 31 December 2023