China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
The 3rd Quarterly Report 2012 (Full Text)
I. Important Statement
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.
Directors other than the followings presented at the Board Meeting on which this report was examined:
Name of the director Reason for not presenting
Position Name of consignee
absented the meeting
Huang Yaying Independent Director Business engagement Guo Jinlong
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief Financial Officer, and Mr. Chen
Yonggang, the manager of accounting department declare: the Financial Report carried in this report is authentic
and completed.
II. Company Profile
(I) Financial Highlihgts
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No [] Not applicable
2012.9.30 2011.12.31 Changed by (%)
Gross Assets (RMB) 2,198,830,368.83 2,163,325,598.14 1.64%
Owners’ equity attributable to the
1,093,463,299.65 1,073,843,444.65 1.83%
shareholders of the listed company (yuan)
Capital shares (shares) 756,909,905.00 756,909,905.00 0%
Net asset per share attributable to the
shareholders of the listed company 1.44 1.42 1.41%
(Yuan/share)
Changed over the same Changed over the same
July-Sept. 2012 Jan-Sept. 2012
period of last year (%) period of last year (%)
Turnover (yuan) 392,243,147.94 23.17% 921,532,745.74 2.66%
Net profit attributable to shareholders of the
5,734,975.97 -17.56% 18,378,273.37 -65.36%
listed company (yuan)
Net Cash flow generated by business
-- -- -4,397,317.41
operation (RMB)
Net Cash flow per share generated by
-- -- -0.01
business operation (yuan/share)
Basic earnings per share (Yuan/share) 0.01 0% 0.02 -71.43%
Diluted earnings per share (Yuan/share) 0.01 0% 0.02 -71.43%
Weighted average net
0.53% -0.13% 1.7% -3.42%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 0.65% -0.12% 1.2% -3.29%
gain/loss(%)
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Income items and amounts after deducting of non-recurring gains/losses
[V] Applicable [] Not applicable
Amount from openning of
Items year to the end of report Remarks
period
Gain/loss of non-current assets 103,505.98
Tax refunding or exemption without official certification or exceeded authority
Gains and losses included in the current period of government subsidies, excluding those
government grants which are closely related to normal business and in line with national 768,641.36
policy , or in accordance with fixed standards or quantities
Capital adoption fee collected from non-financial organizations and accounted into current
1,061,306.08
gain/loss
Gain/loss from differences between the cost of enterprise merger and the fair value of
recognizable net asset of the invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control from beginning of term till date of
consolidation
Gain/loss generated by contingent liabilities without connection with main businesses
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
Restoring of receivable account impairment provision tested individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property measured at fair value in follow-up
5,218,024.15
measurement
Influence of one-time adjustment made on current gain/loss account according to the laws and
regulations regarding tax and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the above 213,442.27
Other gain/loss items satisfying the definition of non-recurring gain/loss account
Influenced amount of minority shareholders’ equity -10,656.05
Influenced amount of income tax -2,020,543.55
Total 5,333,720.23 --
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
(II) Top 10 shareholders at the end of report period, and total number of shareholders
Total shareholders at the end of
75,505(Including 53,218 A-stock accounts and 22,287 B-stock accounts
the report period (accounts)
Top ten holders of the shares without subscription limitation
Amount of unconditional shares Categories and amounts of shares
Name of the shareholder holding at the end of report
term Categories Amount
Shenzhen Banglin Technologies
68,774,273 RMB common shares 68,774,273
Development Co., Ltd.
Liaoning Fangda Group
30,765,226 RMB common shares 30,765,226
Industry Co., Ltd.
Foreign shares placed in
Shengjiu Investment Ltd. 21,339,867 21,339,867
domestic exchange
Shenzhen Shilihe Investment
17,860,992 RMB common shares 17,860,992
Co., Ltd.
Wang Shaolin 16,800,000 RMB common shares 16,800,000
Foreign shares placed in
Cao Yifan 3,337,465 3,337,465
domestic exchange
Foreign shares placed in
Chen Lihong 2,305,365 2,305,365
domestic exchange
Jianxi International Trust Co.,
2,117,150 RMB common shares 2,117,150
Ltd. (Goldlion 199)
China Merchants Securities Foreign shares placed in
1,754,465 1,754,465
Hong Kong Ltd. domestic exchange
Foreign shares placed in
Zhen Fan 1,568,014 1,568,014
domestic exchange
Among the top 10 shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Situations of the shareholders
Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. No other
action-in-concert or related parties among the other holders of current shares.
III. Material Events
(I) Material changes in accounting items and indicies
[V] Applicable [] Not applicable
1. Sellable financial assets increased by 69.75% by the end of period than that of the beginning, which was caused
by the closing rate of Tianjin Magnetic Card stock has increased.
2. Construction in process increased by 114.73%, which was caused by continuous increase of investment in PV
curtain wall and PSD expanding projects.
3. Notes receivable has increased by 177.12%, which was caused by enlarging of note payment portion.
4. Wage payable has decreased by 43.22%, which was caused by delivering of annual bonus of 2011.
5. Tax payable decreased by 31.17%, which was caused by clearing of corporation tax for 2011.
6. Asset impairment loss has increased by RMB23.40 million, which was caused by suspending of Shenyang
Fangda – one of the subsidiaries of the Company, and impairment provision has been provided.
7. Net profit and earnings per share attributable to the owners of the parent company decreased by 65.36% and
71.43% respectively, which was caused by suspending of Shenyang Fangda – one of the subsidiaries of the
Company, and impairment provision has been provided.
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
(II) Progress, influences, and solutions of material events
1. Non-standard opinions
[] Applicable; [V] Not applicable
2. Providing of capital to the controlling shareholder or related parties, or illegal providing of external
guarantees
[] Applicable; [V] Not applicable
3. Engaging and executing of material contracts
[V] Applicable [] Not applicable
(1) Angola International Airport project is progressing on schedule.
(2) Shenzhen Airport T3 Tower curtain wall project is proceeding as scheduled by the contract;
(3) Shenyang Xingmo’er Shopping Mall curtain wall project is proceeding as scheduled by the contract;
(4) China ASEAN (Liuzhou) Industry Product Trade Center curtain wall project was on schedule according to the
contract;
(5) Shenzhen Zhongguanghe Building curtain wall project is proceeding according to the contract;
(6) Jiangsu Xinhua Daily News Center project is proceeding according to the contract;
(7) Dashi PSD project in Singapore is proceeding according to the contract;
(8) The PSD project of Xi’an Metro Line No.1 is proceeding on schedule;
(9) Wuhan Rail Line 2 phase I PSD system was on schedule;
(10) Dalian Metro safe door system project was on schedule.
(11) Dongguan City Express Railway Line R2 PSD system was on schedule.
4. Others
[V] Applicable [] Not applicable
(1) There isn’t any shareholder holding over 30% of the Company’s shares, thus no shareholders with over 30% of
shareholding who has raised any plan to increase shareholding in the Company.
(2) No dividend distribution implemented in the report period;
(3) No investment in stock or derivate instruments in the report period;
(4) No single sales, project construction, or service contract accounting for over 50% of the main business income
of the Company, or absolute amount over RMB1 billion signed in the report period.
(5) Progress of projects financed by public share issuing as of end of the report period: the PV curtain wall
expanding project has been partially put into operation; and the PSD expanding project has partially been put into
operation.
(III) Commitment issues made by the Company or shareholders holding over 5% of the shares, in the
report period or carried down from previous period
[] Applicable; [V] Not applicable
(IV) Prediction of business performance for 2012
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
[V] Applicable [] Not applicable
Discription: significant delining at the same trend
Type of data filled for the prediction
[] Actual figures, [v] Interval figures
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
From the beginning of year to Same period
Changed by (%)
the end of next report period last year
Predicted number of
-- [] increase [v]
accumulative net profit 1,800 -- 2,800 6,550 57.25% -- 72.52%
decrease
(RMB0,000)
Basic earnings per share -- [] increase [v]
0.02 -- 0.04 0.09 55.56% -- 77.78%
(Yuan/share) decrease
It is predicted that the net profit and earnings per share will decline significantly, which are caused
Remarks on the prediction
by suspending of Shenyang Fangda and its assets are diposed or provided impairmnet provision.
(V) Other material events to be presented
1. Securities investment
[] Applicable; [V] Not applicable
2. Investment in derivate instruments
[] Applicable; [V] Not applicable
3. Derivate instruments in stock
[] Applicable; [V] Not applicable
4 Reception of investigations, communications, or interviews
Main content
Time/date Place Way Type of visitors Visitors involved and
material provided
Business operation
July 1 to Sept 30 Telephone
Off site reception Individual Public investor and future
2012 communication
development
5. Issuing of corporation bonds
Are there any corporation bonds issued
[] Yes [V] No
IV. Attachement
(I) Financial Statements
Consolidated or not
[V] Yes [] No [] Not applicable
All figures in the financial statements are in RMB Yuan except for otherwise stated.
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
1. Consolidated Balance Sheet
Prepared by China Fangda Group Co., Ltd.
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 231,324,881.91 324,780,350.77
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 6,388,506.26 6,303,353.88
Account receivable 705,621,010.81 664,333,498.11
Prepayment 28,609,221.83 25,444,369.81
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 156,201.25 201,961.11
Dividend receivable
Other account receivable 64,553,636.34 53,412,523.94
Repurchasing of financial assets
Inventories 248,022,513.27 254,419,907.08
Non-current asset due in 1 year
Other current asset
Total of current asset 1,284,675,971.67 1,328,895,964.70
Non-current assets
Disburse of consigned loans
Sellable financial asset 3,731,000.00 2,198,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment
Investment real estates 272,079,961.47 277,705,949.35
Fixed assets 309,835,683.13 316,775,398.58
Construction in process 175,652,057.34 81,799,896.43
Engineering goods
Fixed asset disposal 27,791.63
Production physical assets
Gas & petrol
Intangible assets 107,155,352.29 110,599,955.27
R&D expense 917,883.63 914,683.63
Goodwill 8,197,817.29 8,197,817.29
Long-term amortizable expenses 2,768,146.00 2,600,195.30
Deferred income tax asset 33,788,704.38 33,637,737.59
Other non-current asset
Total of non-current assets 914,154,397.16 834,429,633.44
Total of assets 2,198,830,368.83 2,163,325,598.14
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Current liabilities
Short-term loans 390,500,000.00 387,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 108,236,397.25 39,058,058.47
Account payable 311,002,550.66 324,340,008.15
Prepayment received 103,123,545.45 124,950,664.78
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 11,602,816.82 20,432,966.02
Tax payable 28,220,948.68 41,002,265.87
Interest payable 522,340.08 780,979.73
Dividend payable
Other account payable 46,885,976.90 36,783,207.38
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability
Total of current liability 1,000,094,575.84 974,348,150.40
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable 8,400.00 14,700.00
Special payable
Anticipated liabilities 288,000.00
Deferred income tax liability 35,128,159.33 32,597,637.16
Other non-recurring liabilities 3,915,000.00 4,020,000.00
Total of non-current liabilities 39,051,559.33 36,920,337.16
Total of liability 1,039,146,135.17 1,011,268,487.56
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 81,721,075.55 80,479,493.92
Less: Shares in stock
Special reserves
Surplus reserves 24,676,077.16 24,676,077.16
Common risk provision
Retained profit 230,156,241.94 211,777,968.57
Different of foreign currency translation
Total of owner’s equity belong to the parent company 1,093,463,299.65 1,073,843,444.65
Minor shareholders’ equity 66,220,934.01 78,213,665.93
Total of owners’ equity (or shareholders’ equity) 1,159,684,233.66 1,152,057,110.58
Total of liability and shareholders’ equity (or owners’ equity) 2,198,830,368.83 2,163,325,598.14
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
Prepared by China Fangda Group Co., Ltd.
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 42,891,952.48 24,587,261.80
Transactional financial assets
Notes receivable
Account receivable 5,519,788.05 5,603,561.80
Prepayment 13,462.59 122,369.00
Interest receivable
Dividend receivable 57,338,200.00 57,338,200.00
Other account receivable 260,215,825.33 265,169,612.63
Inventories
Non-current asset due in 1 year
Other current asset
Total of current asset 365,979,228.45 352,821,005.23
Non-current assets
Sellable financial asset 3,731,000.00 2,198,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 659,733,745.58 659,733,745.58
Investment real estates 268,550,870.47 271,841,967.35
Fixed assets 66,517,031.95 57,299,884.44
Construction in process 1,087,832.96 298,019.24
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 9,500,078.96 9,910,673.85
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset 13,746,396.95 14,415,297.03
Other non-current asset
Total of non-current assets 1,022,866,956.87 1,015,697,587.49
Total of assets 1,388,846,185.32 1,368,518,592.72
Current liabilities
Short-term loans 110,000,000.00 210,000,000.00
Trade off financial liabilities
Notes payable
Account payable 1,849,090.36 1,851,490.36
Prepayment received 693,045.60 693,045.60
Employees’ wage payable 593,733.57 1,251,357.38
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Tax payable 565,234.40 655,031.17
Interest payable 163,650.00 441,980.00
Dividend payable
Other account payable 174,330,571.08 66,697,963.87
Non-current liability due in 1 year
Other current liability
Total of current liability 288,195,325.01 281,590,868.38
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability 34,775,669.32 32,186,364.40
Other non-recurring liabilities
Total of non-current liabilities 34,775,669.32 32,186,364.40
Total of liability 322,970,994.33 313,777,232.78
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 42,320,420.17 41,078,838.54
Less: Shares in stock
Special reserves
Surplus reserves 24,676,077.16 24,676,077.16
Common risk provision
Retained profit 241,968,788.66 232,076,539.24
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 1,065,875,190.99 1,054,741,359.94
Total of liability and shareholders’ equity (or owners’ equity) 1,388,846,185.32 1,368,518,592.72
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
3. Income Statement (Consolidated) of the Report Period
Prepared by China Fangda Group Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 392,243,147.94 318,464,683.46
Incl. Business income 392,243,147.94 318,464,683.46
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 383,513,538.27 311,443,469.29
Incl. Business cost 330,006,121.51 263,253,380.35
Interest expense
Fee and commission paid
Insurance discharge payment
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 5,835,392.31 7,829,049.04
Sales expense 8,744,019.13 6,805,554.94
Administrative expense 29,667,331.12 27,066,517.01
Financial expenses 6,188,068.08 5,249,826.22
Asset impairment loss 3,072,606.12 1,239,141.73
Plus: gains from change of fair value (“-“ for loss) -718,646.00
Investment gains (“-“ for loss) 64,444.44
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 8,010,963.67 7,085,658.61
Plus: non-operational income 1,349,495.45 1,096,590.77
Less: non-operational expenditure 2,224,662.95 1,856,153.56
Incl. Loss from disposal of non-current assets 50,216.24 1,771,989.50
IV. Gross profit (“-“ for loss) 7,135,796.17 6,326,095.82
Less: Income tax expenses 2,667,489.96 978,953.00
V. Net profit (“-“ for net loss) 4,468,306.21 5,347,142.82
Including: Net profit realized by the entity taken over before the
0.00 0.00
takover
Net profit attributable to the owners of parent company 5,734,975.97 6,956,948.06
Minor shareholders’ equity -1,266,669.76 -1,609,805.24
VI. Earnings per share: -- --
(I) Basic earnings per share 0.01 0.01
(II) Diluted earnings per share 0.01 0.01
VII. Other misc. incomes 1,244,250.00 -654,360.00
VIII. Total of misc. incomes 5,712,556.21 4,692,782.82
Total of misc. incomes attributable to the owners of the parent
6,979,225.97 6,302,588.06
company
Total misc gains attributable to the minor shareholders -1,266,669.76 -1,609,805.24
Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Income Statement (Parent Co.) of the Report Period
Prepared by China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 12,137,858.09 11,099,943.23
Less: Operation cost 3,088,736.06 3,119,008.62
Business tax and surcharge 868,692.11 1,272,146.25
Sales expense 297,014.75
Administrative expense 4,861,548.53 3,878,076.44
Financial expenses 619,098.10 431,914.62
Asset impairment loss 21,681.65 44,168.36
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 64,444.44
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 2,678,101.64 2,122,058.63
Plus: Non business income 573,820.38 237,270.45
Less: Non-business expenses 15,111.16
Incl. Loss from disposal of non-current assets 7,904.26 0.00
III. Total profit (“-“ for loss) 3,236,810.86 2,359,329.08
Less: Income tax expenses 325,403.54 288,804.45
IV. Net profit (“-“ for net loss) 2,911,407.32 2,070,524.63
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains 1,244,250.00 -654,360.00
VII. Total of integrated income 4,155,657.32 1,416,164.63
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
5. Income Statement (Consolidated) (Jan 1 – Sept. 30, 2012)
Prepared by China Fangda Group Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 921,532,745.74 897,619,077.14
Incl. Business income 921,532,745.74 897,619,077.14
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 911,649,803.23 845,882,922.46
Incl. Business cost 748,092,151.95 723,528,647.73
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 15,586,390.03 16,609,274.35
Sales expense 23,908,048.89 20,843,277.36
Administrative expense 85,563,558.46 73,291,821.99
Financial expenses 17,549,527.33 14,057,612.50
Asset impairment loss 20,950,126.57 -2,447,711.47
Plus: gains from change of fair value (“-“ for loss) 5,218,024.15 5,082,327.66
Investment gains (“-“ for loss) 79,786.91
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 15,100,966.66 56,898,269.25
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Plus: non-operational income 4,504,489.95 6,558,391.41
Less: non-operational expenditure 2,644,968.16 2,446,027.51
Incl. Loss from disposal of non-current assets 184,637.43 2,019,855.86
IV. Gross profit (“-“ for loss) 16,960,488.45 61,010,633.15
Less: Income tax expenses 10,574,947.00 11,543,390.14
V. Net profit (“-“ for net loss) 6,385,541.45 49,467,243.01
Including: Net profit realized by the entity taken over before the
0.00 0.00
takover
Net profit attributable to the owners of parent company 18,378,273.37 53,051,646.32
Minor shareholders’ equity -11,992,731.92 -3,584,403.31
VI. Earnings per share: -- --
(I) Basic earnings per share 0.02 0.07
(II) Diluted earnings per share 0.02 0.07
VII. Other misc. incomes 1,241,581.63 -680,960.00
VIII. Total of misc. incomes 7,627,123.08 48,786,283.01
Total of misc. incomes attributable to the owners of the parent
19,619,855.00 52,370,686.32
company
Total misc gains attributable to the minor shareholders -11,992,731.92 -3,584,403.31
No merger of entities under common control since the beginning of year till the end of report period, therefore the net profit
contributed by the merged entity was RMB0.00.
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
6. Income Statement (Parent Co.) (Jan 1 – Sept. 30, 2012)
Prepared by China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 34,431,317.81 31,149,869.31
Less: Operation cost 7,819,214.48 8,270,327.13
Business tax and surcharge 2,669,802.44 2,469,488.78
Sales expense -15,831.98 548,181.73
Administrative expense 13,975,126.09 13,670,769.26
Financial expenses 4,093,375.99 2,354,606.57
Asset impairment loss 144,538.88 -757,962.18
Plus: gains from change of fair value (“-“ for loss) 5,609,909.15 4,547,127.66
Investment gains (“-“ for loss) 64,444.44
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 11,355,001.06 9,206,030.12
Plus: Non business income 1,483,991.16 698,639.72
Less: Non-business expenses 71,787.80 430,763.39
Incl. Loss from disposal of non-current assets 64,580.90 227,763.39
III. Total profit (“-“ for loss) 12,767,204.42 9,473,906.45
Less: Income tax expenses 2,874,955.00 1,928,361.74
IV. Net profit (“-“ for net loss) 9,892,249.42 7,545,544.71
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
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China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
VI. Other misc gains 1,241,581.63 -680,960.00
VII. Total of integrated income 11,133,831.05 6,864,584.71
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
7. Cash Flow Statement (Consolidated)(Jan 1 – Sept. 30, 2012)
Prepared by China Fangda Group Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 887,361,725.54 898,721,509.86
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 1,171,203.29 2,209,105.20
Other cash received from business operation 42,764,668.53 54,219,560.45
Sub-total of cash inflow from business activities 931,297,597.36 955,150,175.51
Cash paid for purchasing of merchandise and services 691,603,210.10 798,945,994.44
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 95,077,032.09 68,955,283.56
Taxes paid 60,046,017.01 40,406,376.52
Other cash paid for business activities 88,968,655.57 108,229,476.16
Sub-total of cash outflow from business activities 935,694,914.77 1,016,537,130.68
Cash flow generated by business operation, net -4,397,317.41 -61,386,955.17
II. Cash flow generated by investing
Cash received from investment retrieving 0.00
Cash received as investment profit 0.00 79,786.91
Net cash retrieved from disposal of fixed assets, intangible assets, and
7,678,900.00 1,675,131.72
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 3,817,823.94 3,280,000.00
Sub-total of cash inflow due to investment activities 11,496,723.94 5,034,918.63
Cash paid for construction of fixed assets, intangible assets and other
90,524,758.39 44,230,339.39
long-term assets
Cash paid as investment
13
China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 3,177,396.89 1,522,838.00
Sub-total of cash outflow due to investment activities 93,702,155.28 45,753,177.39
Net cash flow generated by investment -82,205,431.34 -40,718,258.76
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 499,500,000.00 397,000,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 499,500,000.00 397,000,000.00
Cash to repay debts 496,000,000.00 391,000,000.00
Cash paid as dividend, profit, or interests 20,606,713.20 16,310,680.84
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 15,150,000.00 231,723.62
Subtotal of cash outflow due to financing activities 531,756,713.20 407,542,404.46
Net cash flow generated by financing -32,256,713.20 -10,542,404.46
IV. Influence of exchange rate alternation on cash and cash equivalents 17,490.43 -8,502.08
V. Net increase of cash and cash equivalents -118,841,971.52 -112,656,120.47
Plus: Balance of cash and cash equivalents at the beginning of term 300,177,008.78 468,878,715.15
VI. Balance of cash and cash equivalents at the end of term 181,335,037.26 356,222,594.68
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
8. Cash Flow Statement (Parent Co.)(Jan 1 – Sept. 30, 2012)
Prepared by China Fangda Group Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 27,265,517.56 29,722,935.07
Tax returned 0.00
Other cash received from business operation 3,605,331.18 2,569,974.13
Sub-total of cash inflow from business activities 30,870,848.74 32,292,909.20
Cash paid for purchasing of merchandise and services 9,276,770.26 9,000,228.51
Cash paid to staffs or paid for staffs 6,820,862.33 5,833,785.14
Taxes paid 3,187,806.16 2,919,027.80
Other cash paid for business activities 7,989,149.19 8,750,019.01
Sub-total of cash outflow from business activities 27,274,587.94 26,503,060.46
Cash flow generated by business operation, net 3,596,260.80 5,789,848.74
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 28,634,444.44
Net cash retrieved from disposal of fixed assets, intangible assets, and
900.00 8,040.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
14
China Fangda Group Co., Ltd. The 3rd Quarterly Report 2012 (Full Text)
Other investment-related cash received
Sub-total of cash inflow due to investment activities 900.00 28,642,484.44
Cash paid for construction of fixed assets, intangible assets and other
3,324,945.00 1,319,780.00
long-term assets
Cash paid as investment 1,000,000.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 249,000.00
Sub-total of cash outflow due to investment activities 3,573,945.00 2,319,780.00
Net cash flow generated by investment -3,573,045.00 26,322,704.44
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 238,029,774.94 169,431,662.40
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 238,029,774.94 169,431,662.40
Cash to repay debts 210,000,000.00 200,000,000.00
Cash paid as dividend, profit, or interests 9,557,400.00 8,202,492.50
Other cash paid for financing activities 200,000.00 231,723.62
Subtotal of cash outflow due to financing activities 219,757,400.00 208,434,216.12
Net cash flow generated by financing 18,272,374.94 -39,002,553.72
IV. Influence of exchange rate alternation on cash and cash equivalents
V. Net increase of cash and cash equivalents 18,295,590.74 -6,890,000.54
Plus: Balance of cash and cash equivalents at the beginning of term 24,337,261.80 30,252,759.44
VI. Balance of cash and cash equivalents at the end of term 42,632,852.54 23,362,758.90
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
(II) Auditors’ Report
Auditors’ Opinion Not audited
China Fangda Group Co., Ltd.
October 31, 2012
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