China Fangda Group Co., Ltd. 2014 First Quarter Report
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2014-30
China Fangda Group Co., Ltd. 2014 First Quarter Report
1
China Fangda Group Co., Ltd. 2014 First Quarter Report
I Important Statement
The members of the Board and the Company guarantee that the
announcement is free from any false information, misleading statement or
material omission and are jointly and severally liable for the information’s
truthfulness, accuracy and integrity.
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
Guo Wanda Independent director Business engagement Huang Yaying
Xiong Jianwei Director Business engagement Wang Shengguo
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.
2
China Fangda Group Co., Ltd. 2014 First Quarter Report
2. Financial Highlight and Changes in Shareholders
1. Financial Highlight
The Company retroactively adjusts or restates financial statistics of the previous years because of changes in
account policies and correction of accounting errors.
□ Yes √ No
Report period Last period Year-on-year change (%)
Turnover (yuan) 355,756,883.37 302,138,499.27 17.75%
Net profit attributable to shareholders of
11,482,984.40 11,212,202.96 2.42%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 12,517,571.36 10,738,339.51 16.57%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-136,031,996.42 -41,819,154.03
operation (RMB)
Basic earnings per share (yuan/share) 0.0152 0.0148 2.7%
Diluted Earnings per share (yuan/share) 0.0152 0.0148 2.7%
Weighted average net income/asset ratio
0.98% 1.02% -0.04%
(%)
Report period End of the last year Year-on-year change (%)
Total asset (RMB) 2,727,017,804.82 2,599,557,542.57 4.9%
Net profit attributable to the shareholders
1,149,415,418.10 1,160,639,730.85 -0.97%
of the listed company (RMB)
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount at the end of the
Items Notes
report period
Non-current asset disposal gain/loss (including the write-off part
-1,468,591.23
for which assets impairment provision is made)
Subsidies accounted into the current income account (except the
government subsidy closely related to the enterprise’s business 137,250.67
and based on unified national standard quota)
Other non-business income and expenditures other than the above 29,835.91
Other gain/loss items satisfying the definition of non-recurring Return from reverse report of
57,776.37
gain/loss account treasury bonds
3
China Fangda Group Co., Ltd. 2014 First Quarter Report
Less: Influenced amount of income tax -209,141.32
Total -1,034,586.96 --
Explanation statement should be made for accidental gain/loss items defined and accidental
gain/loss items defined as regular gain/loss items according to the Explanation Announcement of
Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
√ Applicable □ Inapplicable
Items Amount Reason
Other gain/loss items
satisfying the definition of
57,776.37 Return from reverse report of treasury bonds
non-recurring gain/loss
account
2. Number of shareholders and top 10 shareholders' shareholding at the end of the report
period
In share
Number of shareholders at the end of
52,310
the reporting period
Top 10 Shareholders
Properties of Shareholding Number of Conditional Pledging or freezing
Shareholder
shareholder (%) shares shares Share status Amount
Shenzhen Banglin
Domestic
Technologies
non-state legal 9.09% 68,774,273 0 Pledged 32,510,000
Development Co.,
person
Ltd.
Shengjiu Investment Foreign legal
4.65% 35,202,057 0
Ltd. person
Shenyin Wanguo
Securities
Others 4% 30,270,000 0
Agreement
Repurchase Account
Domestic natural
Huang Jupei 3.7% 28,017,643 0
person
Domestic
Shenzhen Shilihe
non-state legal 2.36% 17,860,992 0
Investment Co., Ltd.
person
Domestic natural
Wang Shaolin 2.17% 16,411,700 0
person
Jiang Jing Domestic natural 1.41% 10,635,440 0
4
China Fangda Group Co., Ltd. 2014 First Quarter Report
person
Bank of
Communication -
Huaan Chuangxin Others 1.04% 7,856,590 0
Securities
Investment Fund
CCB - Huaan
Hi-Tech Stock
Others 0.73% 5,559,583 0
Securities
Investment Fund
Domestic natural
Cao Yifan 0.48% 3,620,865 0
person
Top 10 holders of unconditional shares
Category of shares
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
Foreign shares
Shengjiu Investment Ltd. 35,202,057 listed in domestic 35,202,057
exchanges
Shenyin Wanguo Securities Agreement RMB common
30,270,000 30,270,000
Repurchase Account shares
RMB common
Huang Jupei 28,017,643 28,017,643
shares
RMB common
Shenzhen Shilihe Investment Co., Ltd. 17,860,992 17,860,992
shares
RMB common
Wang Shaolin 16,411,700 16,411,700
shares
RMB common
Jiang Jing 10,635,440 10,635,440
shares
Bank of Communication - Huaan RMB common
7,856,590 7,856,590
Chuangxin Securities Investment Fund shares
CCB - Huaan Hi-Tech Stock Securities RMB common
5,559,583 5,559,583
Investment Fund shares
Foreign shares
Cao Yifan 3,620,865 listed in domestic 3,620,865
exchanges
Notes to top ten shareholder Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
5
China Fangda Group Co., Ltd. 2014 First Quarter Report
relationship or "action in concert" Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. The
Company is not notified of other action-in-concert or related parties among the other
holders of current shares.
Participation by top-10 shareholders in Huang Jupei holds 28,017,643 stocks of the Company through the GF Securities customer
financing bonds (if any) credit transaction guarantee securities account.
Agreed re-purchasing in the report period
√ Yes □ No
The related shareholder of the Shenyin Wanguo Securities Agreement Repurchase Account is Wang Xue. There
were 30,270,000 stocks to be repurchased by the end of the report period, accounting for 4% of the Company's all
stocks.
6
China Fangda Group Co., Ltd. 2014 First Quarter Report
III Significant Events
1. Significant changes to major financial statement items and index in the report period and
reasons
Item Closing amount Opening amount Change Cause of change
Maturity of instruments and
Notes receivable 13,408,398.15 21,898,770.43 -38.77%
endorsement
Increase in the material
Prepayment 39,130,205.72 28,364,016.21 37.96% prepayment in construction
projects
Short-term loans 615,000,000.00 369,000,000.00 66.67% Additional bank borrowing
Prepayment Income from settlement of
111,843,625.73 168,386,251.94 -33.58%
received projects in progress
Employees’ wage
16,188,559.58 30,182,851.80 -46.37% Payment of annual bonus
payable
Asset impairment
-5,304,966.95 -2,108,809.66 Recovery of receivables
loss
Same period of last
Item This period Change Reason
year
Non-business Loss caused by long-term assets
1,790,684.83 139,892.44 1180.04%
expenses disposal
Cash flow
generated by Increase in projects in progress,
-136,031,996.42 -41,819,154.03
business account payment and guarantees
operations, net
Cash flow
Payment of Dongguan
generated by
-3,481,685.95 -15,633,266.86 Songshanhu project in the same
investment
period last year
activities, net
Net cash flow
generated by Additional short-term bank
239,340,250.00 -2,893,348.89
financing borrowing
activities
2. Progress of significant events and their impacts and solutions
The progress of the Fangda Town renovation project: The 27th meeting of the 6th Board of Directors held on
January 7, 2014 and 2014 First Extraordinary Shareholders' Meeting held on January 24, 2014 approved the
proposal of investment in Fangda Town renovation project through Shenzhen Fangda Property Development with
a total investment of about RMB2.5 billion.Currently, buildings on the land have been removed and the project is
7
China Fangda Group Co., Ltd. 2014 First Quarter Report
implemented as planned.
Significant events Date of disclosure Disclosure sources
Announcement of Resolutions of the 27th
Meeting of the 6th Board of Directors
(2014-03), Announcement on Investment in
Fangda Town Renovation Project January 9, 2014 www.cninfo.com.cn
(2014-04), Notice on Holding on 2014 First
Extraordinary Shareholder Meeting
(2014-05)
Announcement on Resolutions of the 2014
Extraordinary Shareholders' Meeting January 25, 2014 www.cninfo.com.cn
(2014-08)
3. Commitments of shareholders with over 5% of shares made in the report term or carried
over from previous terms
4. Forecast of operating performance between January and June in 2014
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the
year and the end of the next report period
□ Applicable √ Inapplicable
5. Securities investment: None
6. Derivative investment: None
7. Reception of investigations, communications, or interviews in the reporting period
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Industrial
Securities,
Onsite Business and future
March 13, 2014 Shenzhen Institution Goldstate
investigation development
Securities and
Guosen Securities
Onsite Business and future
March 18, 2014 Shenzhen Institution Sinolink Securities
investigation development
Onsite Business and future
March 19, 2014 Shenzhen Institution Essence Securities
investigation development
China Fangda Group Co., Ltd.
8
China Fangda Group Co., Ltd. 2014 First Quarter Report
Board of Directors
April 23, 2014
9