China Fangda Group Co., Ltd. 1st Quarterly Report 2013
China Fangda Group Co., Ltd.
1st Quarterly Report 2013
April 2013
1
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
1 Important Statement
The Board of Directors and the directors, supervisors and senior management of the Company guarantee that
there is no significant omission, fictitious or misleading statement in the Report and shall bear individual and joint
responsibilities for the truthfulness, accuracy and completeness of this Report.
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.
Directors other than the following ones have attended the Board meeting to review the quarterly report.
Name of absent director Position of absent director Reason Name of proxy
Xiong Jianwei Director Business engagement Wang Shengguo
2 Financial Highlight and Changes in Shareholders
1. Financial highlights
Retroactive adjustment or restatement of financial statistics of the previous period during this report period
□ Yes √ No
January-March 2013 January-March 2012 Year-on-year change (%)
Turnover (yuan) 302,138,499.27 233,711,878.60 29.28
Net profit attributable to shareholders of
11,212,202.96 9,160,949.85 22.39
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 10,738,339.51 8,490,269.44 26.48
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-41,819,154.03 -42,490,494.14
operation (RMB)
Basic earnings per share (yuan/share) 0.01 0.01
Diluted Earnings per share (yuan/share) 0.01 0.01
Weighted average net income/asset ratio
1.02% 0.85% 0.17
(%)
March 31, 2013 December 31, 2012 Year-on-year change (%)
Total asset (RMB) 2,267,908,707.78 2,327,802,889.51 -2.57
Net profit attributable to the shareholders
1,109,824,398.53 1,098,612,195.57 1.02
of the listed company (RMB)
Accidental gain/loss item and amount
2
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
√ Applicable □ Inapplicable
In RMB
Amount as of the end of the
Items Notes
report period
Non-current asset disposal gain/loss (including the write-off part
142,472.80
for which assets impairment provision is made)
Write-back of impairment provision of receivables for which
219,865.64
impairment test is performed individually
Other non-business income and expenditures other than the above 188,305.46
Influenced amount of income tax 73,444.24
Influenced amount of minority shareholders’ equity (after-tax) 3,336.21
Total 473,863.45 --
2. Shareholder number and the top 10 shareholders
In share
Number of shareholders at the end
69,564
of the report period
Top 10 Shareholders
Properties of Number of Conditional Pledging or freezing
Name of the shareholder Shareholding (%)
shareholder shares shares Share status Amount
Shenzhen Banglin Domestic
Technologies non-state legal 9.09 68,774,273 0
Development Co., Ltd. person
Domestic
Liaoning Fangda Group
non-state legal 4.06 30,765,226 0
Industry Co., Ltd.
person
Foreign legal
Shengjiu Investment Ltd. 2.82 21,339,867 0
person
Domestic
Shenzhen Shilihe
non-state legal 2.36 17,860,992 0
Investment Co., Ltd.
person
Huatai Securities’
Contractual Repurchase Others 2.22 16,800,000 0
Account
Domestic
Cao Yifan 0.47 3,584,165 0
natural person
SOOCHOW Securities Domestic
0.33 2,500,000 0
Customer Credit non-state legal
3
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Transaction Guarantee person
Securities Account
Domestic
Chen Lihong 0.3 2,305,365 0
natural person
Zhongjiang International
Trust Co., Ltd Capital
Others 0.28 2,103,000 0
Trust Contract (Jinshi
No.199)
China Securities
Domestic
Customer Credit
non-state legal 0.27 2,066,263 0
Transaction Guarantee
person
Securities Account
Top 10 holders of unconditional shares
Category of shares
Name of the shareholder Amount of shares without sales restriction Category of
Amount
shares
Shenzhen Banglin Technologies RMB common
68,774,273 68,774,273
Development Co., Ltd. shares
Liaoning Fangda Group Industry RMB common
30,765,226 30,765,226
Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 21,339,867 listed in domestic 21,339,867
exchanges
Shenzhen Shilihe Investment Co., RMB common
17,860,992 17,860,992
Ltd. shares
Huatai Securities’ Contractual RMB common
16,800,000 16,800,000
Repurchase Account shares
Foreign shares
Cao Yifan 3,584,165 listed in domestic 3,584,165
exchanges
SOOCHOW Securities Customer
RMB common
Credit Transaction Guarantee 2,500,000 2,500,000
shares
Securities Account
Foreign shares
Chen Lihong 2,305,365 listed in domestic 2,305,365
exchanges
Zhongjiang International Trust Co.,
RMB common
Ltd Capital Trust Contract (Jinshi 2,103,000 2,103,000
shares
No.199)
4
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
China Securities Customer Credit
RMB common
Transaction Guarantee Securities 2,066,263 2,066,263
shares
Account
Among the top 10 shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Notes to top ten shareholder
Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. The
relationship or "action in concert"
Company is not notified of other action-in-concert or related parties among the other holders
of current shares.
3 Significant Events
1. Details and reasons of changes in major accounting items and financial indicators
1. Notes receivable decreased by 66.04%, which was caused by mature and endorsement of notes;
2. Repayment decreased by 37.78% from the beginning of the year, which was due to the construction payment
prepaid during the report period;
3. Wage payable decreased by 47.19%, which was caused by distributing of the 2012 annual bonus during the
report period;
4. Interest payable increased by 170.57%, which was due to the provision of short-term financing bond interest
during the report period;
5. Operating revenue increased by 29.28%, which was due to the increase in projects in construction during the
report period.
2. Progress of significant events, influence and solutions
The Company’s Fangda Town project lying in Shenzhen Nanshan Xili Longjing has been fitted into 2012
Shenzhen Urban Renewal Plan The First Projects by Shenzhen Planning and Land Resources Committee and has
been ratified by Shenzhen City Government. In 2012, the Fangda Town renewal plan was submitted to the
governing authority for approval. The Company will start the construction after the approval. The Fangda Town
renewal plan will substantially boost the Company's brand equity.
Significant event Date of disclosure Disclosure source
The Announcement on the Application Progress of the
Fangda Town Renewal Plan was published on China
Announcement on the Application Progress of
April 11, 2012 Securities Journal, Shanghai Securities Daily,
the Fangda Town Renewal Plan
Securities Times, HKCD (English) and
www.cninfo.com.cn.
5
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
3. Commitments of shareholders with over 5% of shares made in the report period or carried over
from previous terms
4. Forecast of business performance between January and June 2013
□ Applicable √ Inapplicable
5. The Company had no securities investment during report period.
6. The Company had no derivative investment during report period.
7. Reception of investigations, communications, or interviews in the reporting period
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Between January 1,
Off site Telephone Business and future
2013 and March 31, Individual Public investor
reception communication development
2013
4 Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Beginning balance Ending balance
Current asset:
Monetary capital 222,770,947.54 278,283,968.61
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 2,593,836.58 7,638,780.88
Account receivable 796,475,261.65 774,890,805.30
Prepayment 27,173,515.15 22,006,159.22
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
6
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
contracts receivable
Interest receivable 73,352.27 72,833.33
Dividend receivable
Other receivables 64,895,710.11 57,339,556.28
Repurchasing of financial assets
Inventory 239,001,472.12 269,120,191.36
Non-current asset due in 1 year
Other current asset
Total of current asset 1,352,984,095.42 1,409,352,294.98
Non-current assets:
Disburse of consigned loans
Sellable financial assets 0.00 0.00
Investment held until mature
Long-term receivable
Long-term share equity investment
Investment real estate 258,377,021.37 258,405,762.09
Fixed assets 337,244,643.64 341,555,810.21
Construction in process 177,420,347.68 175,138,694.28
Engineering materials
Disposal of fixed assets 1,676.00
Productive biological assets
Gas & petrol
Intangible assets 101,528,929.43 102,380,382.21
R&D expense 67,700.00 67,700.00
Goodwill 0.00 0.00
Long-term amortizable expenses 4,664,354.94 4,710,860.65
Deferred income tax assets 35,619,939.30 36,191,385.09
Other non-current assets
Total of non-current assets 914,924,612.36 918,450,594.53
Total of assets 2,267,908,707.78 2,327,802,889.51
Current liabilities
Short-term loans 181,970,000.00 181,970,000.00
Loans from Central Bank
Deposit received and held for
others
7
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Call loan received
Transactional financial liabilities
Notes payable 143,785,071.14 160,779,777.03
Account payable 343,110,063.53 411,846,031.72
Prepayment received 107,110,955.57 77,741,903.02
Selling of repurchased financial
assets
Fees and commissions payable
Employees’ wage payable 12,646,183.27 23,945,272.55
Taxes payable 30,409,864.41 33,686,577.98
Interest payable 5,288,370.06 1,954,557.27
Dividend payable
Other payables 38,601,383.48 41,340,056.86
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liabilities due in 1
year
Other current liabilities 200,000,000.00 200,000,000.00
Total of current liabilities 1,062,921,891.46 1,133,264,176.43
Non-current liabilities:
Long-term loans
Bond payable
Long-term payable 5,600.00 7,700.00
Special payables
Anticipated liabilities 0.00
Deferred income tax liabilities 36,431,453.08 36,210,286.40
Other non-current liabilities 0.00 0.00
Total of non-current liabilities 36,437,053.08 36,217,986.40
Total liabilities 1,099,358,944.54 1,169,482,162.83
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 80,299,867.64 80,299,867.64
8
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Less: Shares in stock 0.00
Special reserves
Surplus reserves 30,494,542.94 30,494,542.94
Common risk provisions
Retained profit 242,120,082.95 230,907,879.99
Difference caused by translation of
foreign currency statements
Total of owner’s equity belong to the
1,109,824,398.53 1,098,612,195.57
parent company
Minor shareholders’ equity 58,725,364.71 59,708,531.11
Total of owners’ equity (or
1,168,549,763.24 1,158,320,726.68
shareholders’ equity)
Total of liability and owners’ equity (or
2,267,908,707.78 2,327,802,889.51
shareholders’ equity)
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 Beginning balance Ending balance
Current asset:
Monetary capital 33,283,934.12 25,790,604.84
Transactional financial assets
Notes receivable
Account receivable 5,157,141.38 5,157,141.38
Prepayment 0.00 20,271.85
Interest receivable
Dividend receivable 39,356,000.00 39,356,000.00
Other receivables 455,512,235.70 512,298,790.52
Inventory
Non-current asset due in 1 year
Other current asset
Total of current asset 533,309,311.20 582,622,808.59
Non-current assets:
Sellable financial assets 0.00 0.00
9
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Investment held until mature
Long-term receivable
Long-term share equity investment 709,733,745.58 669,733,745.58
Investment real estate 254,766,256.33 254,766,256.33
Fixed assets 86,823,876.83 87,649,932.55
Construction in process 1,701,315.00 1,701,315.00
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 9,226,631.17 9,352,376.54
R&D expense 0.00
Goodwill
Long-term amortizable expenses 69,182.39 75,471.70
Deferred income tax assets 11,940,874.26 12,333,214.12
Other non-current assets
Total of non-current assets 1,074,261,881.56 1,035,612,311.82
Total of assets 1,607,571,192.76 1,618,235,120.41
Current liabilities
Short-term loans 110,000,000.00 180,000,000.00
Transactional financial liabilities
Notes payable
Account payable 1,849,090.36 1,849,090.36
Prepayment received 693,045.60 753,108.70
Employees’ wage payable 630,266.01 1,479,449.88
Taxes payable 551,713.56 826,456.83
Interest payable 5,160,036.73 1,954,557.27
Dividend payable
Other payables 138,968,738.25 83,515,779.52
Non-current liabilities due in 1
year
Other current liabilities 200,000,000.00 200,000,000.00
Total of current liabilities 457,852,890.51 470,378,442.56
Non-current liabilities:
10
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Long-term loans
Bond payable
Long-term payable
Special payables
Anticipated liabilities
Deferred income tax liabilities 36,431,453.08 36,210,286.40
Other non-current liabilities
Total of non-current liabilities 36,431,453.08 36,210,286.40
Total liabilities 494,284,343.59 506,588,728.96
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 39,799,212.26 39,799,212.26
Less: Shares in stock
Special reserves
Surplus reserves 30,494,542.94 30,494,542.94
Common risk provisions
Retained profit 286,083,188.97 284,442,731.25
Difference caused by translation of
foreign currency statements
Total of owners’ equity (or
1,113,286,849.17 1,111,646,391.45
shareholders’ equity)
Total of liability and owners’ equity (or
1,607,571,192.76 1,618,235,120.41
shareholders’ equity)
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
3. Consolidated Income Statement
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Total revenue 302,138,499.27 233,711,878.60
Incl. Business income 302,138,499.27 233,711,878.60
Interest income
Insurance fee earned
Fee and commission
11
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
received
2. Total business cost 289,590,078.03 225,347,884.45
Incl. Business cost 243,466,859.90 186,079,847.67
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 5,489,190.64 5,627,464.32
Sales expense 7,449,955.01 6,413,973.49
Administrative expense 29,444,607.89 26,134,459.17
Financial expenses 5,848,274.25 5,214,939.18
Asset impairment loss -2,108,809.66 -4,122,799.38
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for
loss)
Incl. Investment gains from
affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 12,548,421.24 8,363,994.15
Plus: non-operational income 470,670.70 957,568.61
Less: non-operational expenditure 139,892.44 115,363.96
Incl. Loss from disposal of
0.00
non-current assets
4. Gross profit (“-“ for loss) 12,879,199.50 9,206,198.80
Less: Income tax expenses 2,650,162.94 1,957,901.79
5. Net profit (“-“ for net loss) 10,229,036.56 7,248,297.01
Including: Net profit realized by
the entity taken over before the takeover
12
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Net profit attributable to the
11,212,202.96 9,160,949.85
owners of parent company
Minor shareholders’ equity -983,166.40 -1,912,652.84
6. Earnings per share: -- --
(1) Basic earnings per share 0.01 0.01
(2) Diluted earnings per share 0.01 0.01
7. Other misc. incomes 0.00 42,000.00
8. Total of misc. incomes 10,229,036.56 7,290,297.01
Total of misc. incomes attributable
11,212,202.96 9,202,949.85
to the owners of the parent company
Total misc gains attributable to the
-983,166.40 -1,912,652.84
minor shareholders
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Income Statement of the Parent Company
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Turnover 11,101,795.78 10,682,571.24
Less: Operation cost 1,692,044.22 1,942,413.18
Business tax and surcharge 853,134.21 854,236.05
Sales expense -15,831.98
Administrative expense 5,186,724.98 4,177,145.48
Financial expense 1,321,007.72 1,652,773.94
Asset impairment loss 10,369.17 94,594.27
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss)
Incl. Investment gains from
affiliates and joint ventures
2. Operational profit (“-“ for loss) 2,038,515.48 1,977,240.30
Plus: non-operational income 254,412.58 453,954.02
Less: non-operational expenditure 38,963.80 2,170.87
Incl. Loss from disposal of
0.00
non-current assets
13
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
3. Gross profit (“-“ for loss) 2,253,964.26 2,429,023.45
Less: Income tax expenses 613,506.54 -18,578.61
4. Net profit (“-“ for net loss) 1,640,457.72 2,447,602.06
5. Earnings per share: -- --
(1) Basic earnings per share 0 0
(2) Diluted earnings per share 0 0
6. Other misc. incomes 42,000.00
7. Total of misc. incomes 1,640,457.72 2,489,602.06
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
5. Consolidated Cash Flow Statement
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Net cash flow from business
operation
Cash received from sales of
356,313,687.92 236,609,873.15
products and providing of services
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
14
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Net increase of repurchasing
business
Tax returned 412,423.51 1,171,203.29
Other cash received from business
11,489,648.25 12,118,275.80
operation
Sub-total of cash inflow from business
368,215,759.68 249,899,352.24
activities
Cash paid for purchasing of
322,948,509.20 209,121,088.84
merchandise and services
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
44,188,117.01 31,413,521.97
staffs
Taxes paid 15,223,162.90 16,417,982.80
Other cash paid for business
27,675,124.60 35,437,252.77
activities
Sub-total of cash outflow from business
410,034,913.71 292,389,846.38
activities
Cash flow generated by business
-41,819,154.03 -42,490,494.14
operation, net
2. Cash flow generated by investment:
Cash received from investment
0.00
recovery
Cash received as investment profit 0.00 0.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 1,094,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
320,000.00 3,200.00
received
15
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
Sub-total of cash inflow due to
320,000.00 1,097,200.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 15,333,266.86 22,928,869.90
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from
subsidiaries and other operational units
Other cash paid for investment
620,000.00 707,100.00
activities
Subtotal of investment activity cash
15,953,266.86 23,635,969.90
outflows
Cash flow generated by investment
-15,633,266.86 -22,538,769.90
activities, net
3. Cash flow generated by financing:
Cash received from investment
Incl. Cash received as investment
from minor shareholders
Cash received as loans 70,000,000.00 100,000,000.00
Cash received from bond placing
Other financing-related cash
27,444.64
received
Subtotal of cash inflow from financing
70,000,000.00 100,027,444.64
activities
Cash to repay debts 70,000,000.00 100,000,000.00
Cash paid as dividend, profit, or
2,879,348.89 6,458,249.00
interests
Incl. Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
14,000.00
activities
Subtotal of cash outflow due to
72,893,348.89 106,458,249.00
financing activities
Net cash flow generated by financing -2,893,348.89 -6,430,804.36
4. Influence of exchange rate alternation
1,940.61
on cash and cash equivalents
5. Net increase of cash and cash -60,345,769.78 -71,458,127.79
16
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
equivalents
Plus: Balance of cash and cash
240,167,372.86 300,177,008.78
equivalents at the beginning of term
6. Balance of cash and cash equivalents
179,821,603.08 228,718,880.99
at the end of term
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
6. Cash Flow Statement of the Parent Company
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Net cash flow from business
operation
Cash received from sales of
8,169,934.61 8,787,561.92
products and providing of services
Tax returned
Other cash received from business
191,795,251.63 74,882,099.74
operation
Sub-total of cash inflow from business
199,965,186.24 83,669,661.66
activities
Cash paid for purchasing of
2,424,177.52 2,407,973.69
merchandise and services
Cash paid to staffs or paid for
3,705,028.10 2,539,963.89
staffs
Taxes paid 1,231,378.90 1,056,026.28
Other cash paid for business
72,398,587.99 84,155,727.43
activities
Sub-total of cash outflow from business
79,759,172.51 90,159,691.29
activities
Cash flow generated by business
120,206,013.73 -6,490,029.63
operation, net
2. Cash flow generated by investment:
Cash received from investment
-
recovery
Cash received as investment profit - -
Net cash retrieved from disposal of
- -
fixed assets, intangible assets, and other
17
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
long-term assets
Net cash received from disposal of
-
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow due to
- -
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 60,395.60 2,436,980.00
long-term assets
Cash paid as investment 40,000,000.00 -
Net cash received from
-
subsidiaries and other operational units
Other cash paid for investment
-
activities
Subtotal of investment activity cash
40,060,395.60 2,436,980.00
outflows
Cash flow generated by investment
-40,060,395.60 -2,436,980.00
activities, net
3. Cash flow generated by financing:
Cash received from investment -
Cash received as loans - -
Cash received from bond placing
Other financing-related cash
-
received
Subtotal of cash inflow from financing
- -
activities
Cash to repay debts 70,000,000.00 -
Cash paid as dividend, profit, or
2,629,348.89 3,656,380.00
interests
Other cash paid for financing
14,000.00
activities
Subtotal of cash outflow due to
72,643,348.89 3,656,380.00
financing activities
Net cash flow generated by financing -72,643,348.89 -3,656,380.00
4. Influence of exchange rate alternation
on cash and cash equivalents
5. Net increase of cash and cash 7,502,269.24 -12,583,389.63
18
China Fangda Group Co., Ltd. 1st Quarterly Report 2013
equivalents
Plus: Balance of cash and cash
25,540,604.84 24,337,261.80
equivalents at the beginning of term
6. Balance of cash and cash equivalents
33,042,874.08 11,753,872.17
at the end of term
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2 Auditor‘s report
Auditing of the 1st quarterly report
□ Yes √ No
China Fangda Group Co., Ltd.
Board of Directors
April 20, 2013
19