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R&F Properties announces loss amid restructuring efforts

March 31, 2025 at 12:22 PM UTCBy FilingReader AI

Guangzhou R&F Properties (HKEX: 2777) announced a net loss of RMB17.789 billion for the year ended December 31, 2024, compared to a net loss of RMB19.947 billion the previous year. The company attributes the losses to the downturn in the PRC real estate sector and the losses on the disposal of subsidiaries. Total contracted sales for the year reached approximately RMB11.23 billion.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:2777Hong Kong Exchange
Real Estate

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