China Fangda Group Co., Ltd. The 1st Quarterly Report 2010 (Official Text)
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Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2010-18
China Fangda Group Co., Ltd.
The 1st Quarterly Report 2010 (Official Text)
§1 Important Declaration
1.1 The Board of Directors and the directors of the Company guarantee that there are no significant
omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint
responsibilities for the truthfulness, accuracy and completeness of the Report.
1.2 Directors other than the followings presented at the Board Meeting on which this report was examined:
Name of the director
absented Position Reason for not presenting the meeting Name of
consignee
Dong Likun Independent Director Business engagement Guo Jinlong
1.3 The financial statements carried in this report are not audited.
1.4 Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Financial Principal, and Ms. Liu Jie,
the Accounting Manager, declare: the Financial Report carried in this report is authentic and completed.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
Ended this report
term
Ended previous
year
Changed by
(%)
Gross Assets (RMB) 1,501,000,469.76 1,482,814,012.11 1.23%
Owners’ equity attributable to the shareholders of
the listed company (yuan) 631,204,424.74 623,295,593.57 1.27%
Capital shares (shares) 426,786,359.00 426,786,359.00 0.00%
Net asset per share attributable to the shareholders
of the listed company (Yuan/share) 1.48 1.46 1.37%
This report term Same period last
year
Changed by
(%)
Turnover (yuan) 192,382,554.04 160,791,976.14 19.65%
Net profit attributable to shareholders of the listed
company (yuan) 11,419,167.15 10,653,332.57 7.19%
Net Cash flow generated by business operation
(RMB) -49,496,550.76 -2,410,866.00 ---
Net Cash flow per share generated by business
operation (yuan/share) -0.12 -0.01 ---China Fangda Group Co., Ltd. The 1st Quarterly Report 2010 (Official Text)
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Basic earnings per share (Yuan/share) 0.0268 0.0250 7.19%
Diluted earnings per share (Yuan/share) 0.0268 0.0250 7.19%
Weighted average net
income/asset ratio (%) 1.82% 1.80% 0.02%
Weighted average net
income/asset ratio less non-recurring gain/loss(%) 1.05% 0.85% 0.20%
Non-recurring gain and loss items
Amount of the period from the
beginning of year to the end of report
term
Gain/loss of non-current assets 1,936,170.04
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’s common business, comply
with the national policy and continues to enjoy at certain fixed rate or
amount.
164,303.49
Gain/loss from change of fair value of transactional asset and
liabilities, and investment gains from disposal of transactional financial
assets and liabilities and sellable financial assets, other than valid
period value instruments related to the Company’s common businesses
3,176,516.97
Gain/loss from debt reorganization 22,156.38
Other non-business income and expenditures other than the above 24,753.60
Influenced amount of income tax -474,964.14
Influenced amount of minority shareholders’ equity 2,826.86
Total 4,851,763.20
Statement on non-recurring gain/loss accounts
1. RMB1,936,170.04 from disposal of fixed assets;
2. RMB3,176,516.97 of investment gains from disposal of disposable financial asset.
2.2 Total of shareholders and the top 10 holders of unconditional shares
In shares
Total shareholders at the end of the report
period (accounts)
61,650 (including 39,799 A-share holders, and 21,851 B-share
holders)
Top ten holders of the shares without subscription limitation
Full name of shareholder Amount of unconditional shares held
at the end of report term Categories
Shenzhen Banglin Technologies
Development Co., Ltd. 42,850,014 RMB common shares
Shenzhen Shilihe Investment Co., Ltd. 18,904,045 RMB common shares
Hong Kong Onforce International Co.,
Ltd. 16,000,000 Foreign shares placed in
domestic exchange
China Industrial & Commercial Bank –
Nuo’an Stock Investment Foundation 3,309,311 RMB common shares
Qian Weimin 2,431,900 RMB common shares
Cao Yifan 1,993,000 Foreign shares placed in
domestic exchangeChina Fangda Group Co., Ltd. The 1st Quarterly Report 2010 (Official Text)
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Chen Jinbiao 1,280,200 Foreign shares placed in
domestic exchange
Zhen Fan 1,040,000 Foreign shares placed in
domestic exchange
Liang Peiming 1,029,187 RMB common shares
Lou Yuhong 923,946 Foreign shares placed in
domestic exchange
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
Notes receivable of RMB5.1378 million, increased by RMB5.4178 million from the beginning of year. This was
caused by increase of payment by bank notes from the clients.
Cash flow from business operation of RMB-49.4966, which was caused by increase of new project orders, and
increase of material purchase for the project engineering.
3.2 Progress of significant events, their influence, countermeasures, and analysis
√ applicable □ not applicable
① Hangzhou City Xinyu Building No. 2, 3, 5, 6 energy saving glass curtain wall project was obtained at the end
of December 2007 with contract value of RMB163.70 million. It was started in May 2008. The whole contract
amount was increased up to RMB174.2864 million in June 2009 and the completion date has been extended to
June 2010.
② The PSD system of Shenzhen Metro Line 1 was contracted to RMB79.8586 million in total, up to present, the
Baishizhou Station, Gaoxinyuan Station, and Shenda Station has been put into operation in September 28, 2009,
the following stations are in installation process, this project will be completed in June 2011.
③ The PSD system of Shenzhen Metro Line 2 was contracted to RMB169.256 million. At present the project has
fully entered the stage of installation. Installations in four of the stations have completed. The project is expected
to be completed in June 2011.
④ Contract with Nanjing Metro was amounted to RMB59.52 million. Installation has been completed in all of
the 15 stations and are in testing stage. This project was planned to finish in May 2010.
⑤ Shenzhen Grean View Building curtain wall project will be completed in October 31, 2010.
⑥ The PSD system of Wuhan Railroad Line No.2 phase I was contracted with RMB80.8598 million. The project
is no on designing stage and will be finished at end of 2011.
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
□applicable √ not applicable
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicableChina Fangda Group Co., Ltd. The 1st Quarterly Report 2010 (Official Text)
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3.5 Major events needs to be explained
3.5.1 Investment in securities
□applicable √ not applicable
3.5.2 Reception of investigations, communications, or interviews
No such investigation, communication or visiting happened in the report term.
3.5.3 Statement on other significant issues
√ applicable □ not applicable
(1) The Company neither provided capital to the controlling shareholder or its associates, nor provided any
guarantee to outside parties with illegal procedures;
(2) There is no shareholder holding over 30% of the Company’s shares, and there is no such share-increasing plan
raised by shareholder with over 30% of the Company’s shares;
(3) No cash dividend was distributed in the report term;
(4) No major contract engaged in the report term.
3.6 Investment in derivate financial instruments
√ applicable □ not applicable
Statement on analyzing and controlling of risks with
derivate investment in the report term (including but
not limited to market risks, liquidity risks, credit
risks, operation risks, and legal risks.
The Company adopts aluminum future contract in
domestic future market to avoid material price fluctuation
risks. The Company has established “Regulations of
Hedging Instrument of China Fangda Group Co., Ltd.” 方
（发）[2010]03 号, and implemented strictly.
Change of derivate instrument market price or fair
value, information disclosing on the fair value,
relative estimation and setting of indexes
Derivate instrument fair value is at quotation opened in the
future contract market, along with retrospective evaluation
process, all of the hedging are highly effective.
Statement on major alternation in accounting polices
and accounting basis on derivate instruments
comparing with last year
No significant change.
Particular comments of the independent directors,
sponsors, or financial consultants on investment of
derivate instruments and risk controlling
Hedging instruments are used strictly according to relative
regulations, and only used to secure the raw materials
needed by the Company. It is not manipulation of future
contracts, thus effectively reduced the risks. This will
benefit the steady development of the Company.
3.6.1 Derivate financial instrument stock at end of report term
√ applicable □ not applicable
In RMB Yuan
Category of contracts
Amount of the
contract at
beginning of term
Amount of the
contract at end of
term
Gain/loss in the
report term
Percentage of value of
contracts on net asset at
end of report term %
Shanghai Aluminum 22,949,075.00 32,350,650.00 -92,985.00 5.13%
Total 22,949,075.00 32,350,650.00 -92,985.00 5.13%China Fangda Group Co., Ltd. The 1st Quarterly Report 2010 (Official Text)
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China Fangda Group Co., Ltd.
The Board of Directors
April 22, 2010
