China Fangda Group Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2012-22
China Fangda Group Co., Ltd.
The 1st Quarterly Report 2012 (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
Position Reason for not presenting the meeting Name of consignee
absented
Xiong Jianwei Director Business cause Wang Shengguo
1.3 The financial statements carried in this report are not audited.
1.4 Mr. Xiong Jianming, the Chairman, Mr. Lin Kebing, the Financial Officer, and Mr. Chen Yonggang, the
Accounting Manager hereby declares that: The financial statements carried in this quarterly report are of authentic
and complete.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
Ended this report term Ended previous year Changed by (%)
Total asset (RMB) 2,093,089,951.46 2,163,325,598.14 -3.25%
Owners’ equity attributable to the shareholders of
1,083,046,394.53 1,073,843,444.65 0.86%
the listed company (yuan)
Total capital share (shares) 756,909,905.00 756,909,905.00 0.00%
Net asset per share attributable to the
1.43 1.42 0.70%
shareholders of the listed company (Yuan/share)
This report term Same period last year Changed by (%)
Turnover (yuan) 233,711,878.60 261,994,647.36 -10.80%
Net profit attributable to shareholders of the
9,160,949.85 16,838,681.42 -45.60%
listed company (yuan)
Net Cash flow generated by business operation
-42,490,494.14 -92,793,091.30
(RMB)
Net Cash flow per share generated by business
-0.06 -0.12
operation (yuan/share)
Basic earnings per share (Yuan/share) 0.01 0.02 -50.00%
Diluted earnings per share (Yuan/share) 0.01 0.02 -50.00%
Weighted average net
0.85% 1.65% -0.80%
income/asset ratio (%)
1
China Fangda Group Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
Weighted average net
income/asset ratio less non-recurring 0.79% 1.40% -0.61%
gain/loss(%)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Amount from beginning of year to
Non-recurring gain and loss items Note (if applicable)
the end of report period
Gain/loss of non-current assets -73,010.51
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’ common business, comply
362,000.00
with the national policy and continues to enjoy at certain fixed rate or
amount.
Gain/loss from debt reorganization -32,984.31
Other non-business income and expenditures other than the above 586,199.47
Influenced amount of minority shareholders’ equity -60.55
Influenced amount of income tax -171,463.69
Total 670,680.41 -
2.2 Total of shareholders and the top 10 holders of unconditional shares
In shares
Total shareholders at the end of the report period
77,060
(accounts)
Top ten holders of the shares without subscription limitation
Amount of unconditional shares held at
Full name of shareholder Categories
the end of report term
Shenzhen Banglin Technologies Development
68,774,273 RMB common shares
Co., Ltd.
Liaoning Fangda Group Industry Co., Ltd. 30,765,226 RMB common shares
Shenzhen Shilihe Investment Co., Ltd. 17,860,992 RMB common shares
Wang Shaolin 16,800,000 RMB common shares
Foreign shares placed in domestic
Shengjiu Investment Ltd. 13,768,120
exchange
Foreign shares placed in domestic
Cao Yifan 3,336,565
exchange
Chen Binblin 3,116,400 RMB common shares
Foreign shares placed in domestic
Chen Lihong 2,305,365
exchange
Foreign shares placed in domestic
Zhen Fan 1,880,000
exchange
Tan Wenjun 1,625,288 RMB common shares
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
1. Notes receivable decreased by 85.65%, which was caused by mature of notes and endorsing of notes;
2. Construction in progress increased by 31.88%, which was caused by increase of investment to Dongguan Base;
3. Notes payable decreased by 51.89%, which was caused by mature of notes.
2
China Fangda Group Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
4. Wage payable decreased by 43.73%, which was caused by distributing of annual bonus at end of 2011.
5. Operational tax and surcharge increased by 52.85%, which was caused by increase of VAT payable and surcharges, and increasing
of local education surcharges.
6. Asset impairment loss decreased by 320.30%, which was caused by retrieving of old account in the report period.
7. Loss from fluctuation of fair value decreased by 100%, which was caused by no increase with the fair value of investment
property.
8. Non-operational income increased by 154.33%, which was caused by receiving of government subsidy.
9. Income tax expenses decreased by 53.96%, which was caused by decrease of income tax payable upon profit.
10. Under the impact of macro economy, some of the curtain wall projects were launched later than schedule, which caused 10.8% of
drop in income. Meanwhile the gross profit is higher and decrease of overseas sales, the gross profit rate decreased by 1.85%, the net
profit attributable to the owners of the parent company has decreased by 45.60%.
3.2 Progress of significant events, their influence, countermeasures, and analysis
3.2.1 None-standard opinions
□applicable √ not applicable
3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or external
parties
□applicable √ not applicable
3.2.3 Signing and execution of major business contracts
√ applicable □ not applicable
1. Shenyang Xingmo’er Shopping Mall curtain wall project is proceeding as scheduled by the contract;
2. China ASEAN (Liuzhou) Industry Trading Center curtain wall project is proceeding as scheduled;
3. Zhongguanghe Building curtain wall project is proceeding as scheduled;
4. Shenzhen Airport Expanding T3 Tower curtain wall project is proceeding on schedule.
5. Angola New International Airport Tower outer wall decoration project is proceeding as scheduled.
6. Xi’an Metro line No.1 PSD project is proceeding on schedule.
7. Wuhan Metro Line No.2 PSD project is proceeding on schedule.
8. Dalian Metro safe door system project was on schedule.
3.2.4 Misc.
√ applicable □ not applicable
I. The Company neither provided capital to the holding shareholder or other related parties nor provided any guarantee to external
parties;
II. No shareholder holding over 30% of shares of the Company, therefore no shareholder with over 30% shares proposed or practiced
share increasing plan.
III. No cash dividend was distributed in the report term;
IV. No investment on securities or derivate instruments conducted by the Company;
V. In the report term, there isn’t any particular sales, project contracting or service providing contract accounted for over 50% of the
main business turnover as audited, or with absolute amount over RMB1 billion.
VI. Statement of internal control operation in the 1st quarter of 2012
According to the Enterprise Internal Control Criteria issued jointly by the five national departments, and the Notice on Implementing
of Internal Control Criteria in PLCs located in Shenzhen, the Company has planned and implemented a number of works. Through
hard work through out a year, the internal control system has been basically completed. At present, it is on introspection assessment
and external verification stage. Details of the works done in the 1 st quarter of 2012 are:
1. Executing of works
(1) According to the Introspective Work Plan on Internal Control System, the Company has performed inspection on the internal
control on company level and business flow level. The Introspective Report on Internal Control (For Discussion) was produced and
submitted to the Administration Team.
(2) Internal auditing was performed smoothly along with the CPA, provided required material to the CPA and communicated duly
with it. Improving works have been done according to the response of the CPA.
3
China Fangda Group Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
(3) Report to the Auditing Committee about the internal control practice and anti-cheating in year 2011.
(4) Assigned employees to participate in the associations organized by Anyong (China) Enterprise Consultants Ltd. and learn from
the newest experiences.
Beside the above, the Administration Team filled up the Survey of Internal Control of PLCs, Assessment Criteria, and Internal
Control Work Summary Form, to satisfy the requirements of Shenzhen Securities Regulatory Office.
2. Comparison of practical progress and the schedule of Internal Control Plan
According to the Internal Control Plan, the Company has performed introspection work and assisted the auditing works of the CPA.
As of the end of the 1st quarter, the Administration Team has accomplished the missions set out by the Internal Control Plan.
3. Following up works
According to the present progress, the Administration Team will further improve the internal control system of the Company in year
2012.
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
its substantial dominator in the report term or carried over to the report term:
□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 applicable
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.
3.6 Investment in derivate financial instruments
□applicable √ not applicable
3.6.1 Derivate financial instrument stock at end of report term
□applicable √ not applicable
4
