China Fangda Group Co., Ltd. 2014 Third Quarter Report
China Fangda Group Co., Ltd.
2014 Third Quarter Report
October 2014
1
China Fangda Group Co., Ltd. 2014 Third Quarter Report
I Important Statement
The members of the Board and the Company guarantee that the quarterly report 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.
All the Directors have attended the meeting of the board meeting at which this report was examined.
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.
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
II 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
End of the report period End of last year Year-on-year change
Total asset (RMB) 3,504,823,683.92 2,599,557,542.57 34.82%
Net profit attributable to the
shareholders of the listed company 1,197,232,829.31 1,160,639,730.85 3.15%
(RMB)
Between beginning of
Year-on-year change Change from the same
This report period the year to the end of
(%) period last year
the report period
Turnover (yuan) 500,074,083.72 13.23% 1,322,866,822.74 12.25%
Net profit attributable to
shareholders of the listed company 18,530,437.37 6.79% 59,300,395.61 4.56%
(yuan)
Net profit attributable to the
shareholders of the listed company
14,035,814.91 -15.40% 53,705,363.29 -0.88%
and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-- -- -354,082,741.68 -1,918.86%
business operation (RMB)
Basic earnings per share
0.03 50.00% 0.08 14.29%
(yuan/share)
Diluted Earnings per share
0.03 50.00% 0.08 14.29%
(yuan/share)
Weighted average net
1.56% 0.05% 5.05% -0.03%
income/asset ratio
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Non-current asset disposal gain/loss (including the write-off part
-1,339,032.85
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 1,516,299.51
and based on unified national standard quota)
Earns from financial products
Gain from entrusted investment or assets management 630,009.86
purchased
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable financial 2,279,889.00
assets, other than valid period value instruments related to the
Company’s common businesses
Other non-business income and expenditures other than the above 1,918,197.11
Other gain/loss items satisfying the definition of non-recurring Gains from reverse repurchase of
1,381,539.13
gain/loss account treasury bonds
Less: Influenced amount of income tax 787,738.59
Influenced amount of minority shareholders’ equity
4,130.85
(after-tax)
Total 5,595,032.32 --
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
Gains from reverse repurchase
1,381,539.13 Gains from reverse repurchase of treasury bonds
of treasury bonds
It is related to the Company’s business. The amount is refunded to the
Tax refunded related to
1,037,017.17 Company according to the tax rate provided by the taxation
software products
administration.
2. Total number of shareholders and shareholding of top 10 shareholders by the end of the
report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of
the report period
In share
Number of shareholders of common
46,740
shares at the end of the report period
Top 10 Shareholders of Common Shares
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Properties of Conditional Pledging or freezing
Shareholder Shareholding Number of shares
shareholder 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 Foreign legal
4.75% 35,929,581 0
Investment Ltd. person
Domestic natural
Huang Jupei 4.20% 31,801,000 0
person
Domestic natural
Zhou Shijian 2.79% 21,123,481 0
person
Shenzhen Shilihe Domestic
Investment Co., non-state legal 2.36% 17,860,992 0
Ltd. person
Domestic natural
Zhao Bing 2.34% 17,699,000 0
person
Domestic natural
Wang Shaolin 1.82% 13,792,932 0
person
Bank of
Communication –
Huaan Chuangxin Others 1.79% 13,555,026 0
Securities
Investment Fund
Domestic natural
Jiang Jing 1.41% 10,635,440 0
person
Harvest Fund –
CCB - Ping An
Others 0.66% 5,029,358 0
Life Insurance
Company of China
Top 10 shareholders of unconditional common shares
Category of shares
Shareholder Amount of unconditional common shares Category of
Amount
shares
Shenzhen Banglin Technologies RMB common
68,774,273 68,774,273
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 35,929,581 listed in domestic 35,929,581
exchanges
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
RMB common
Huang Jupei 31,801,000 31,801,000
shares
RMB common
Zhou Shijian 21,123,481 21,123,481
shares
Shenzhen Shilihe Investment Co., RMB common
17,860,992 17,860,992
Ltd. shares
RMB common
Zhao Bing 17,699,000 17,699,000
shares
RMB common
Wang Shaolin 13,792,932 13,792,932
shares
Bank of Communication – Huaan
RMB common
Chuangxin Securities Investment 13,555,026 13,555,026
shares
Fund
RMB common
Jiang Jing 10,635,440 10,635,440
shares
Harvest Fund – CCB - Ping An Life RMB common
5,029,358 5,029,358
Insurance Company of China shares
Among the 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.
Huang Jupei holds 31,800,000 stocks of the Company through the GF securities customer
Participation of top 10 unconditional credit transaction guarantee securities account; Zhou Shijian holds 21,123,481 stocks of the
common share shareholders in Company through the GF securities customer credit transaction guarantee securities account;
securities margin trading (if any) Zhao Bing holds 17,699,000 stocks of the Company through the Everbright Securities
customer credit transaction guarantee securities account.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √ Inapplicable
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
Items Closing amount Opening amount Change Cause of change
Caused by increase in prepaid material
Prepayment 53,882,784.90 28,364,016.21 89.97%
fees for construction in progress
Caused in increase in investment of the
Inventory 864,763,972.63 428,537,851.82 101.79% Fangda Town renovation project which
has entered the development stage
Goodwill 25,322,869.47 - - Caused by acquiring Guangdong SOZN
Other non-current House prepayment to Tianjin Wanda
33,656,151.10 15,978,789.90 110.63%
assets Center Investment Company
Short-term loans 1,030,000,000.00 369,000,000.00 179.13% Additional financing demand
Fangda Town land transfer payment
Account payable 707,401,426.32 489,216,140.32 44.60%
unpaid
Transfer of received engineering
Prepayment received 99,222,201.22 168,386,251.94 -41.07%
payment into income
Employees’ wage
18,479,501.68 30,182,851.80 -38.77% 2013 bonus paid
payable
Other payables 79,295,904.90 41,687,580.72 90.21% Increase in bidding deposit received
Amount of the Same period last
Items Change Cause of change
Current Term year
Caused by increase in previous
Asset impairment loss 10,104,141.91 14,625,807.80 -30.92%
receivable collected
Non-operating
5,679,197.28 4,196,811.56 35.32% Increase in governmental subsidy
revenue
Non-business Caused by increase in disposal of
2,546,716.34 992,003.35 156.72%
expenses long-term asset losses
Income tax 7,021,212.14 12,371,750.46 -43.25% Decrease in deferred income tax
Other cash received
from business 70,054,311.35 38,275,896.85 83.02% Increase in bidding deposit received
operation
Cash paid for 1,297,947,089.10 941,055,438.35 37.92% Caused in increase in development
purchasing products expenditure of the Fangda Town
and services renovation project which has entered
the development stage
Cash paid to and for
160,019,118.12 121,844,649.34 31.33% Increase in staff remuneration
the staff
Cash received from 100,000,000.00 20,000,000.00 400.00% Increase in maturity of financial
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
investment recovery products
Caused by increase in the
Cash flows generated
development expenditure of Fangda
by operating -358,608,957.87 19,467,237.44 -1942.12%
Town renovation project and delay
activities, net
in collection of accounts receivable
Cash paid for
construction of fixed
Increase in payment of long-term asset
assets, intangible 28,385,573.09 41,497,821.99 -31.60%
investment
assets and other
long-term assets
Purchase of financial products and
Cash paid as
116,340,675.00 21,000,000.00 454.00% investment in Sino Oil and Gas
investment
Holdings Ltd
Cash received from
944,000,000.00 100,000,000.00 844.00% Additional financing demand
borrowed loans
Cash paid to repay
283,000,000.00 110,000,000.00 157.27% Repayment of short-term borrowing
debts
Cash paid as 52,661,058.83 30,971,678.77 70.03% Increase in paid interest fee due to
dividend, profit, or increase in short-term borrowing
interests
The Ministry of Financial has issued or amended the Enterprise Accounting Standard No.2 – Long-term
Stock Investment, Enterprise Accounting Standard No.9 – Staff Remuneration, Enterprise Accounting Standard
No.30 – Presentation of Financial Statements, Enterprise Accounting Standard No.33 – Consolidate Financial
Statements, Enterprise Accounting Standard No.39 – Measurement of Fair Value, Enterprise Accounting Standard
No.40 – Joint Venue Arrangement, Enterprise Accounting Standard No.41 – Disclosure of Interest in Other
Entities, Enterprise Accounting Standard No.37 – Presentation of Financial Tools, of which seven standards have
been implemented since July 1, 2014. Changes to the above-mentioned financial standards have no major impact
on the Company’s consolidated financial statements.
(1) Long-term share equity investment
1. According to the amended Enterprise Accounting Standard No.2 – Long-term Stock Investment, the
Company has no following circumstances. Consolidated financial statements are not affected and no retroactive
adjustment is needed:
Impose substantial influence on invested entities or implement joint control due to increase in investment;
(2) Lose joint control or substantial influence on invested entities due to disposal of part of investment
2. According to the amended long-term stock investment standard, the Company has calculated the investment
in Shenzhen Ganshang Joint Investment Co., Ltd. using the interest method. The change in the owner’s interest in the
invested entity is a change in the net gain/loss rather than other owner's interest change other than comprehensive
income and profit allocation. The change has no impact on the consolidated financial statements and no retroactive
adjustment is needed.
(2) Retirement pension program
The Company has re-evaluated the staff remuneration according to the amended Enterprise Accounting
Standard No.9 – Staff Remuneration and no problem has been found in the benefit program and other long-term
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
staff remuneration. Therefore, the change has no impact on the consolidated financial statements and no retroactive
adjustment is needed.
(3) Consolidation scope
The Company has re-evaluated the scope of consolidated financial statements according to the Enterprise
Accounting Standard No.33 – Consolidated Financial Statements and no change has been found to the
consolidation scope according to the standard. Therefore, the change has no impact on the consolidated financial
statements and no retroactive adjustment is needed.
(4) Joint venture arrangement
According to Enterprise Accounting Standard No.40 – Joint Venue Arrangement, the Company has no joint
venture arrangement of any form. Therefore, the change has no impact on the consolidated financial statements and
no retroactive adjustment is needed.
(5) Impacts of other standard changes
In addition to the above-mentioned items, there is no impact on the Company’s financial statements caused
by new or amended enterprise accounting standards.
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
1. Progress of Fangda Town renovation project
The Fangda Town renovation project undertaken by Shenzhen Fangda Property Development Co., Ltd., a
wholly-owned subsidiary of the Company, has been proceeded as scheduled since commencement on May 18 this
year. The project will complete by the end of this year.
2. Business progress of Shenzhen Fangda New Energy Co., Ltd.:
No. Progress Date of announcement Announcement Media of disclosure
Fangda New Energy and Luo Huichi Announcement on Acquiring China Securities
(natural person) entered into an agreement Zhongshan SOZN Lighting Co., Journal, Shanghai
1 July 22, 2014
to acquire a LED company controlled by Ltd. and LED Lighting Business Securities Daily,
Luo of Its Affiliates Securities Times,
Announcement of the Strategic HKCD and
The Company and Shenzhen BOC signed
Cooperation Agreement entered www.cninfo.com.cn
2 a strategic cooperation framework July 23, 2014
into between the Company and
agreement.
Shenzhen BOC
the Company entered into the new energy Announcement of Signing the
PV project cooperation framework New Energy PV Project
3 agreement with Information Industry August 14, 2014 Cooperation Framework
th
Electronics 11 Design Institute Sci & Agreement
Tech Engineering Co., Ltd.
3. Commitments of shareholders with over 5% of shares made in the report term or carried
over from previous terms
□ Applicable √ Inapplicable
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
The Company and shareholders with more than 5% stakes in the Company made no guarantee in the report period
or before report period but remaining effective in the report period.
4. Forecast of operating performance 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
√ Applicable □ Inapplicable
Number
Number
of shares
of shares Closing
Initial held at Opening Closing
Abbreviat held at book Gain/loss Accounti
Securities Code investmen beginning sharehold sharehold Source
ion end of the value (RMB) ng item
t cost of the ing ing
period (RMB)
period
(share)
(share)
Sino Oil Transacti
(HK) and Gas 16,263,67 100,000,0 18,543,56 2,279,889 onal
Stock 0 0.00% 0.66% Purchase
00702 Holdings 5.00 00 4.00 .00 financial
Ltd assets
16,263,67 100,000,0 18,543,56 2,279,889
Total 0 -- -- -- --
5.00 00 4.00 .00
Disclosure date of approval by
the Board of Directors of None
securities investment
Disclosure date of securities
investment approval by the None
Shareholders’ Meeting (if any)
Notes to shareholding in other listed companies
□ Applicable √ Inapplicable
The Company holds no stock of other list companies in the report period.
6. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
10
China Fangda Group Co., Ltd. 2014 Third Quarter Report
Proportio
n of
closing
Derivativ investmen Actual
Impairme
e Related Initial Closing t amount gain/loss
Relations Initial nt
investme transactio Type Start date End date investmen investmen in the in the
hip amount provision
nt n t amount t amount closing report
(if any)
operator net assets period
in the
report
period
Shanghai
Shanghai May 5, July 23,
Futures None No 1,459.21 0 0 0 0.00% 21.94
aluminum 2014 2014
Exchange
Total 1,459.21 -- -- 0 0 0 0.00% 21.94
Capital source Self-owned fund
Lawsuit (if any) Inapplicable
Disclosure date of derivative investment
None
approval by the Board of Directors (if any)
Disclosure date of derivative investment
approval by the Shareholders’ Meeting (if None
any)
To prevent the risk of fluctuation of raw material prices, the Company adopted the
Risk analysis and control measures for the
aluminum futures exchanged at the domestic futures exchange to provide hedging for
derivative holding in the report period
aluminum as a raw material for the Company. The Company has set up and
(including without limitation market,
implemented the Provincial Regulations on China Fangda Group Domestic Futures
liquidity, credit, operation and legal risks)
Hedging to prevent risks.
Changes in the market price or fair value
of the derivative in the report period, the
The fair value of the derivative should be calculated with the open quotation of the
analysis of the derivative’s fair value
futures market and should be reviewed regularly to ensure effective hedging.
should disclose the method used and
related assumptions and parameters.
Material changes in the accounting policies
and rules related to the derivative in the No
report period compared to last period
Opinions of independent directors on the
Company’s derivative investment and risk None
controlling
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
7. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Onsite Hong Yuan Business and future
September 3, 2014 Shenzhen Institution
investigation Securities development
12
China Fangda Group Co., Ltd. 2014 Third Quarter Report
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 571,439,392.82 333,876,921.97
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into 18,543,564.00
current income account
Notes receivable 25,394,667.10 21,898,770.43
Account receivable 1,031,801,555.08 898,780,981.93
Prepayment 53,882,784.90 28,364,016.21
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 36,387.50
Dividend receivable
Other receivables 61,753,786.13 66,298,730.17
Repurchasing of financial assets
Inventory 864,763,972.63 428,537,851.82
Assets held for sales
Non-current assets due in 1 year
Other current assets 9,622,154.59
Total current assets 2,637,201,877.25 1,777,793,660.03
Non-current assets:
Disburse of consigned loans
Sellable financial assets
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Investment held until mature
Long-term receivable
Long-term share equity investment 9,897,005.88 9,994,565.55
Investment real estate 189,280,840.99 195,249,069.13
Fixed assets 461,739,619.77 462,930,269.98
Construction in process 282,151.59 940,841.00
Engineering materials
Disposal of fixed assets 32,625.31 177,298.11
Productive biological assets
Gas & petrol
Intangible assets 94,807,737.66 91,527,650.52
R&D expense
Goodwill 25,322,869.47
Long-term amortizable expenses 4,119,165.99 3,799,354.79
Deferred income tax assets 48,483,638.91 41,166,043.56
Other non-current assets 33,656,151.10 15,978,789.90
Total of non-current assets 867,621,806.67 821,763,882.54
Total of assets 3,504,823,683.92 2,599,557,542.57
Current liabilities
Short-term loans 1,030,000,000.00 369,000,000.00
Loans from Central Bank
Deposit received and held for
others
Call loan received
Financial liabilities measured at
fair value with variations accounted into
current income account
Notes payable 194,163,378.47 188,570,850.63
Account payable 707,401,426.32 489,216,140.32
Prepayment received 99,222,201.22 168,386,251.94
Selling of repurchased financial
assets
Fees and commissions payable
Employees’ wage payable 18,479,501.68 30,182,851.80
Taxes payable 59,656,349.92 44,839,947.77
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Interest payable 1,092,483.32 689,153.75
Dividend payable
Other payables 79,295,904.90 41,687,580.72
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liabilities due in 1
year
Other current liabilities
Total current liabilities 2,189,311,245.83 1,332,572,776.93
Non-current liabilities:
Long-term loans
Bond payable
Long-term payable
Special payables
Anticipated liabilities
Deferred income tax liabilities 40,930,880.10 40,656,763.97
Other non-current liabilities 10,107,506.78 10,255,823.93
Total of non-current liabilities 51,038,386.88 50,912,587.90
Total liabilities 2,240,349,632.71 1,383,485,364.83
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 79,191,052.01 79,191,052.01
Less: Shares in stock
Special reserves
Surplus reserves 46,389,142.21 46,389,142.21
Common risk provisions
Retained profit 314,742,730.09 278,149,631.63
Difference caused by translation of
foreign currency statements
Total of owner’s equity belong to the
1,197,232,829.31 1,160,639,730.85
parent company
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Minor shareholders’ equity 67,241,221.90 55,432,446.89
Total of owners’ equity (or
1,264,474,051.21 1,216,072,177.74
shareholders’ equity)
Total of liability and owners’ equity (or
3,504,823,683.92 2,599,557,542.57
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 Closing balance Ending balance
Current asset:
Monetary capital 220,495,414.35 68,223,808.76
Financial assets measured at fair
value with variations accounted into
current income account
Notes receivable
Account receivable 604,459.49 604,459.49
Prepayment 33,962.26 218,984.07
Interest receivable
Dividend receivable 39,356,000.00
Other receivables 531,945,499.80 571,620,659.73
Inventory
Assets held for sales
Non-current assets due in 1 year
Other current assets 702,381.34
Total current assets 753,781,717.24 680,023,912.05
Non-current assets:
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 944,692,404.46 719,728,311.13
Investment real estate 163,615,954.05 174,778,756.62
Fixed assets 59,820,539.50 48,117,849.19
Construction in process 914,126.00
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,044,102.48 1,351,845.98
R&D expense
Goodwill
Long-term amortizable expenses 68,586.18 50,314.43
Deferred income tax assets 14,135,469.08 12,342,430.37
Other non-current assets
Total of non-current assets 1,184,377,055.75 957,283,633.72
Total of assets 1,938,158,772.99 1,637,307,545.77
Current liabilities
Short-term loans 300,000,000.00 104,000,000.00
Financial liabilities measured at
fair value with variations accounted into
current income account
Notes payable
Account payable 606,941.85 1,849,090.36
Prepayment received 693,045.60 798,586.70
Employees’ wage payable 829,075.23 1,881,681.86
Taxes payable 532,069.16 260,761.30
Interest payable 350,833.33 193,930.00
Dividend payable
Other payables 328,098,942.12 192,765,065.68
Liabilities held for sales
Non-current liabilities due in 1
year
Other current liabilities
Total current liabilities 631,110,907.29 301,749,115.90
Non-current liabilities:
Long-term loans
Bond payable
Long-term payable
Special payables
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
Anticipated liabilities
Deferred income tax liabilities 88,889,490.39 88,615,374.26
Other non-current liabilities
Total of non-current liabilities 88,889,490.39 88,615,374.26
Total liabilities 720,000,397.68 390,364,490.16
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 38,690,396.63 38,690,396.63
Less: Shares in stock
Special reserves
Surplus reserves 46,389,142.21 46,389,142.21
Common risk provisions
Retained profit 376,168,931.47 404,953,611.77
Difference caused by translation of
foreign currency statements
Total of owners’ equity (or
1,218,158,375.31 1,246,943,055.61
shareholders’ equity)
Total of liability and owners’ equity (or
1,938,158,772.99 1,637,307,545.77
shareholders’ equity)
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
3. Consolidated Income Statement of the Report Period
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Total revenue 500,074,083.72 441,652,030.98
Incl. Business income 500,074,083.72 441,652,030.98
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 486,029,695.50 422,049,826.39
Incl. Business cost 420,426,989.66 363,673,640.07
Interest expense
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China Fangda Group Co., Ltd. 2014 Third Quarter Report
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 4,107,536.30 5,643,697.09
Sales expense 10,522,482.95 9,467,499.65
Administrative expense 41,082,991.15 31,529,238.86
Financial expenses 4,652,738.11 5,135,374.03
Asset impairment loss 5,236,957.33 6,600,376.69
Plus: gains from change of fair
2,279,889.00
value (“-“ for loss)
Investment gains (“-“ for
944,870.82 233,972.60
loss)
Incl. Investment gains from
-55,752.10
affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 17,269,148.04 19,836,177.19
Plus: non-operational income 2,637,678.88 1,692,109.82
Less: non-operational expenditure 484,813.06 319,704.19
Incl. Loss from disposal of
2,602.43 4,725.37
non-current assets
4. Gross profit (“-“ for loss) 19,422,013.86 21,208,582.82
Less: Income tax expenses 2,658,308.60 4,575,842.04
5. Net profit (“-“ for net loss) 16,763,705.26 16,632,740.78
Including: Net profit realized by
the entity taken over before the takeover
Net profit attributable to the
18,530,437.37 17,352,459.65
owners of parent company
Minor shareholders’ equity -1,766,732.11 -719,718.87
6. Earnings per share: -- --
19
China Fangda Group Co., Ltd. 2014 Third Quarter Report
(1) Basic earnings per share 0.03 0.02
(2) Diluted earnings per share 0.03 0.02
7. Other misc. incomes -35,700.00
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes
that can be reclassified into gains/losses
-35,700.00
in the subsequent accounting period
when certain conditions are satisfied
8. Total of misc. incomes 16,728,005.26 16,632,740.78
Total of misc. incomes attributable
18,494,737.37 17,352,459.65
to the owners of the parent company
Total misc gains attributable to the
-1,766,732.11 -719,718.87
minor shareholders
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Consolidated Income Statement of the Report Period
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Turnover 7,642,085.27 11,457,016.90
Less: Operation cost 1,677,315.63 3,216,944.02
Business tax and surcharge 616,462.21 836,566.81
Sales expense
Administrative expense 5,705,314.37 5,461,079.65
Financial expenses 2,882,171.63 4,831,460.14
Asset impairment loss 9,157.18 21,501.47
Plus: gains from change of fair
0.00
value (“-“ for loss)
Investment gains (“-“ for loss) 29,617.76 0.00
Incl. Investment gains from
-55,752.10 0.00
affiliates and joint ventures
2. Operational profit (“-“ for loss) -3,206,528.18 -2,910,535.19
Plus: non-operational income 470,029.19 41,918.34
20
China Fangda Group Co., Ltd. 2014 Third Quarter Report
Less: non-operational expenditure 199,914.53 61,631.00
Incl. Loss from disposal of
1,631.00
non-current assets
3. Gross profit (“-“ for loss) -2,936,413.52 -2,930,247.85
Less: Income tax expenses -418,160.91 -323,215.06
4. Net profit (“-“ for net loss) -2,518,252.61 -2,607,032.79
5. Earnings per share: -- --
(1) Basic earnings per share
(2) Diluted earnings per share
6. Other misc. incomes
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes
that can be reclassified into gains/losses
in the subsequent accounting period
when certain conditions are satisfied
7. Total of misc. incomes -2,518,252.61 -2,607,032.79
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
5. Consolidated Income Statement Between the Beginning of the Year and End of the Report Period
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Total revenue 1,322,866,822.74 1,178,480,070.86
Incl. Business income 1,322,866,822.74 1,178,480,070.86
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 1,267,180,886.26 1,115,378,320.92
Incl. Business cost 1,088,874,433.97 948,167,460.51
Interest expense
Fee and commission paid
21
China Fangda Group Co., Ltd. 2014 Third Quarter Report
Insurance discharge
payment
Net claim amount paid
Net insurance policy
reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Business tax and surcharge 15,465,996.01 19,276,935.18
Sales expense 28,767,603.81 27,082,486.74
Administrative expense 108,268,494.31 88,876,734.26
Financial expenses 15,700,216.25 17,348,896.43
Asset impairment loss 10,104,141.91 14,625,807.80
Plus: gains from change of fair
2,279,889.00
value (“-“ for loss)
Investment gains (“-“ for
1,913,989.32 233,972.60
loss)
Incl. Investment gains from
-97,559.67
affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 59,879,814.80 63,335,722.54
Plus: non-operational income 5,679,197.28 4,196,811.56
Less: non-operational expenditure 2,546,716.34 992,003.35
Incl. Loss from disposal of
1,572,509.10 174,448.90
non-current assets
4. Gross profit (“-“ for loss) 63,012,295.74 66,540,530.75
Less: Income tax expenses 7,021,212.14 12,371,750.46
5. Net profit (“-“ for net loss) 55,991,083.60 54,168,780.29
Including: Net profit realized by
the entity taken over before the takeover
Net profit attributable to the
59,300,395.61 56,714,053.07
owners of parent company
Minor shareholders’ equity -3,309,312.01 -2,545,272.78
6. Earnings per share: -- --
(1) Basic earnings per share 0.08 0.07
22
China Fangda Group Co., Ltd. 2014 Third Quarter Report
(2) Diluted earnings per share 0.08 0.07
7. Other misc. incomes
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes
that can be reclassified into gains/losses
in the subsequent accounting period
when certain conditions are satisfied
8. Total of misc. incomes 55,991,083.60 54,168,780.29
Total of misc. incomes attributable
59,300,395.61 56,714,053.07
to the owners of the parent company
Total misc gains attributable to the
-3,309,312.01 -2,545,272.78
minor shareholders
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
6. Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Turnover 21,974,339.52 35,037,418.48
Less: Operation cost 3,806,918.59 7,959,134.09
Business tax and surcharge 1,795,575.87 2,666,384.63
Sales expense 0.00
Administrative expense 17,022,158.29 15,842,714.14
Financial expenses 8,247,166.15 6,918,105.00
Asset impairment loss -44,002.40 36,319.22
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss) -12,189.81
Incl. Investment gains from
-97,559.67
affiliates and joint ventures
2. Operational profit (“-“ for loss) -8,853,476.98 1,614,761.40
Plus: non-operational income 1,796,297.93 1,066,929.44
Less: non-operational expenditure 526,936.87 434,879.83
23
China Fangda Group Co., Ltd. 2014 Third Quarter Report
Incl. Loss from disposal of
125,522.34 35,916.02
non-current assets
3. Gross profit (“-“ for loss) -7,584,115.92 2,246,811.01
Less: Income tax expenses -1,518,922.58 671,224.93
4. Net profit (“-“ for net loss) -6,065,193.34 1,575,586.08
5. Earnings per share: -- --
(1) Basic earnings per share
(2) Diluted earnings per share
6. Other misc. incomes
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes
that can be reclassified into gains/losses
in the subsequent accounting period
when certain conditions are satisfied
7. Total of misc. incomes -6,065,193.34 1,575,586.08
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
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
operations:
Cash received from sales of
1,168,322,724.05 1,188,588,557.12
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
24
China Fangda Group Co., Ltd. 2014 Third Quarter Report
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 refunded 889,173.36 1,402,551.72
Other cash received from business
70,054,311.35 38,275,896.85
operation
Sub-total of cash inflow from business
1,239,266,208.76 1,228,267,005.69
operations
Cash paid for purchasing products
1,297,947,089.10 941,055,438.35
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 and for the staff 160,019,118.12 121,844,649.34
Taxes paid 64,990,093.66 57,147,153.49
Other cash paid for business
74,918,865.75 88,752,527.07
activities
Sub-total of cash outflow from business
1,597,875,166.63 1,208,799,768.25
operations
Cash flow generated by business
-358,608,957.87 19,467,237.44
operations, net
2. Cash flow generated by investment:
Cash received from investment
100,000,000.00 20,000,000.00
recovery
25
China Fangda Group Co., Ltd. 2014 Third Quarter Report
Cash received as investment profit 2,015,277.59 233,972.60
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 4,579,733.50 230,729.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
133,500.00 1,401,800.10
received
Sub-total of cash inflow generated from
106,728,511.09 21,866,501.70
investment
Cash paid for construction of fixed
assets, intangible assets and other 28,385,573.09 41,497,821.99
long-term assets
Cash paid as investment 116,340,675.00 21,000,000.00
Net increase of loan against pledge
Net cash paid for acquiring
-9,844,140.31
subsidiaries and other operational units
Other cash paid for investment 270,500.00 2,023,903.10
Subtotal of cash outflows 135,152,607.78 64,521,725.09
Cash flow generated by investment
-28,424,096.69 -42,655,223.39
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
944,000,000.00 100,000,000.00
loans
Cash received from bond placing
Other cash received from financing
activities
Subtotal of cash inflow from financing
944,000,000.00 100,000,000.00
activities
Cash paid to repay debts 283,000,000.00 110,000,000.00
Cash paid as dividend, profit, or
52,661,058.83 30,971,678.77
interests
Incl. Dividend and profit paid by
26
China Fangda Group Co., Ltd. 2014 Third Quarter Report
subsidiaries to minority shareholders
Other cash paid for financing
156,090.75 131,621.53
activities
Subtotal of cash outflow from financing
335,817,149.58 141,103,300.30
activities
Net cash flow generated by financing
608,182,850.42 -41,103,300.30
activities
4. Influence of exchange rate changes
664,894.09 -7.06
on cash and cash equivalents
5. Net increase in cash and cash
221,814,689.95 -64,291,293.31
equivalents
Plus: Balance of cash and cash
285,237,255.38 240,167,372.86
equivalents at the beginning of term
6. Balance of cash and cash equivalents
507,051,945.33 175,876,079.55
at the end of the period
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
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
operations:
Cash received from sales of
18,385,573.41 26,341,564.44
products and providing of services
Tax refunded
Other cash received from business
1,132,208,446.25 499,639,535.86
operation
Sub-total of cash inflow from business
1,150,594,019.66 525,981,100.30
operations
Cash paid for purchasing products
4,594,088.02 9,654,563.50
and services
Cash paid to and for the staff 11,592,919.43 9,712,788.14
Taxes paid 2,107,786.71 3,460,417.50
Other cash paid for business
1,128,883,942.80 346,256,016.42
activities
Sub-total of cash outflow from business 1,147,178,736.96 369,083,785.56
27
China Fangda Group Co., Ltd. 2014 Third Quarter Report
operations
Cash flow generated by business
3,415,282.70 156,897,314.74
operations, net
2. Cash flow generated by investment:
Cash received from investment
20,000,000.00
recovery
Cash received as investment profit 39,441,369.86
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 171,007,300.50 729.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated from
230,448,670.36 729.00
investment
Cash paid for construction of fixed
assets, intangible assets and other 1,269,764.57 192,948.50
long-term assets
Cash paid as investment 245,061,653.00 41,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 246,331,417.57 41,192,948.50
Cash flow generated by investment
-15,882,747.21 -41,192,219.50
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
396,000,000.00 15,000,000.00
loans
Cash received from bond placing
Other cash received from financing
activities
Subtotal of cash inflow from financing
396,000,000.00 15,000,000.00
activities
Cash paid to repay debts 200,000,000.00 90,000,000.00
Cash paid as dividend, profit, or 31,127,433.82 28,574,895.10
28
China Fangda Group Co., Ltd. 2014 Third Quarter Report
interests
Other cash paid for financing
156,090.75 131,621.53
activities
Subtotal of cash outflow from financing
231,283,524.57 118,706,516.63
activities
Net cash flow generated by financing
164,716,475.43 -103,706,516.63
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
152,249,010.92 11,998,578.61
equivalents
Plus: Balance of cash and cash
67,973,808.76 25,540,604.84
equivalents at the beginning of term
6. Balance of cash and cash equivalents
220,222,819.68 37,539,183.45
at the end of the period
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
29
