Annual Report 2005

	Guangzhou R&F Properties Co., Ltd. (02777)

Cover Content Residential Property Investment Property Corporate Structure Financial Highlights Corporate Milestones The Year at a Glance Chairman Statement Business Review --Part I --Part II --Part III Financial Review Investor Relation Corporate Social Responsibility Reports and Financial Statements Corporate Governance Report Directors' Report Report of the Supervisory Committee Directors and Supervisors Auditors' Report Consolidated Balance Sheet Balance Sheet Consolidated Income Statement Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Four-year Financial Summary List of Major Properties Corporate Information Back Cover