China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
1
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2010-28
China Fangda Group Co., Ltd.
Interim Report 2010 (Summary)
§1 Important Declaration
1.1 The Board of Directors and the directors of the Company guarantee that there are no significant
omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint
responsibilities for the truthfulness, accuracy and completeness of the Report.
This is the summary abstracted from the complete version of Semi-Annual Report 2004, which is published
synchronously on the Internet (http://www.cninfo.com.cn) for details please refer to the complete version.
1.3 Directors other than the followings presented the Board Meeting on which this report was examined:
Name of the director
absented Position Reason for not presenting the meeting Name of consignee
Wang Shengguo Director Business engagement Xiong Jianwei
Dong Likun Independent
Director Business engagement Guo Jinlong
1.3 The financial statements carried in this report are not audited.
1.4 Mr. Xiong Jianming, the Chairman, Mr. Lin Kebing, the Financial Principal, and Ms. Liu Jie, the Accounting Manager
hereby declares that: The financial statements carried in this annual report are of authentic and complete.
§2 Company Profile
2.1 Company Profile
Stock ID Fangda Group, Fangda B
Stock Code 000055、200055
Stock Exchange Shenzhen Stock Exchange
Secretary of the Board Representative of Stock Affairs
Name Zhou Zhigang
Address Fangda Town, Xili Longjing, Nanshan District,
Shenzhen, PRC
Tel. ８６（０７５５）２６７８８５７１ ext. ６
６２２
Fax. ８６（０７５５）２６７８８３５３
Email. ｚｑｂ＠ｆａｎｇｄａ．ｃｏｍChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
2
2.2 Financial Highlights
2.2.1 Financial Highlights
In RMB Yuan
Ended this report
term
Ended previous
year
Increase/decrease
(%)
Gross Assets 1,881,201,955.11 1,482,814,012.11 26.87%
Owners’ equity to shareholders of the listed company 984,993,051.24 623,295,593.57 58.03%
Share capital 504,606,604.00 426,786,359.00 18.23%
Net asset per share attributable to the shareholders of the listed
company (Yuan/share) 1.95 1.46 33.56%
Report term
(Jan-Jun)
Same period last
year
Increase/decrease
(%)
Turnover 423,379,762.74 369,945,313.89 14.44%
Operation profit 23,172,085.73 25,017,739.00 -7.38%
Total profit 36,785,520.86 26,150,179.58 40.67%
Net profit attributable to the shareholders of the listed company 33,608,581.42 30,076,634.28 11.74%
Net profit after deducting of non-recurring gain/loss attributable to
the shareholders of the listed company 13,165,642.02 9,643,894.57 36.52%
Basic earnings per share (Yuan/share) 0.074 0.066 12.12%
Diluted earnings per share (Yuan/share) 0.074 0.066 12.12%
Net return on equity (%) 5.28% 5.22% 0.06%
Cash flow generated by business operation, net -39,527,323.06 45,029,475.86 -187.78%
Net Cash flow per share generated by business operation
(yuan/share) -0.08 0.11 -172.73%
2.2.2. Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Non-recurring gain and loss items Amount Note (if
applicable)
Gain/loss of non-current assets 10,727,318.70
Government subsidies accounted into current gain/loss account, other than those closely related to the
Company’s common business, comply with the national policy and continues to enjoy at certain fixed
rate or amount.
3,673,500.00
Gain/loss from change of fair value of investment property measured at fair value in follow-up
measurement 6,553,456.32
Other non-business income and expenditures other than the above -787,383.57
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
3,176,516.97
Influenced amount of minority shareholders’ equity -31,051.22
Influenced amount of income tax -2,869,417.80
Total 20,442,939.40 -China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
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2.2.3 Diversity between the Domestic and the International Accounting Standards
√ applicable □ not applicable
In RMB Yuan
Net profit attributable to the shareholders of
the listed company
Owners’equity to shareholders of the listed
company
Current term Amount of last term End of term Beginning of term
On IAS 33,608,581.42 30,076,634.28 989,756,449.48 628,058,991.81
On domestic accounting standard 33,608,581.42 30,076,634.28 984,993,051.24 623,295,593.57
Individual and total of adjustment according to IAS
Interest capitalized in years prior to
adopting of the new accounting
standard
0.00 0.00 4,763,398.24 4,763,398.24
Total of differences between the IAS
and domestic accounting standard 0.00 0.00 4,763,398.24 4,763,398.24
Statement on differences between the
IAS and Chinese Accounting Standard
Differences of owners’ equity were the part of interest of previous years being capitalized
according to the new accounting standard.
§3 Changes in Share Capital & Particulars about Shareholders
3.1. Statement of Changes in Shares
√ applicable □ not applicable
in shares
Before the change Changed (+,-) After the change
Amount Proportion Issuing of
new shares
Bonus
shares
Transferred
from reserves Others Sub-total Amount Proportion
I. Shares with conditional
subscription 65,073 0.02% 47,945,200 4,555 47,949,755 48,014,828 9.52%
1. State-owned shares
2. State-owned legal person
shares
3. Other domestic shares 47,945,200 47,945,200 47,945,200 9.50%
Incl. Non-government domestic
legal person shares 18,200,000 18,200,000 18,200,000 3.61%
Domestic natural person
shares 29,745,200 29,745,200 29,745,200 5.89%
4. Share held by foreign investors
Incl. Shares held by foreign
legal persons
Foreign natural person
shares
5. Management shares 65,073 0.02% 4,555 4,555 69,628 0.01%
II. Shares with unconditional
subscription 426,721,286 99.98% 29,870,490 29,870,490 456,591,776 90.48%
1. Common shares in RMB 426,721,286 99.98% 29,870,490 29,870,490 456,591,776 90.48%
2. Foreign shares in domestic
market 217,405,903 50.94% 15,218,413 15,218,413 232,624,316 46.10%
3. Foreign shares in overseas
market 209,315,383 49.04% 14,652,077 14,652,077 223,967,460 44.38%
4. Others
III. Total of capital shares 426,786,359 100.00% 47,945,200 29,875,045 77,820,245 504,606,604 100.00%
3.2 Top 10 shareholders and top 10 holders of unconditional shares
in sharesChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
4
Total of shareholders 62,303
Top 10 Shareholders
Name of the shareholder Properties of shareholder Share proportion
% Total shares Conditional shares Pledged or frozen
Shenzhen Banglin
Technologies Development
Co., Ltd.
Domestic non-state-owned
legal person 9.09% 45,849,515 0 0
Shenzhen Shilihe Investment
Co., Ltd.
Domestic non-state-owned
legal person 3.98% 20,067,328 0 0
Hong Kong Onforce
International Co., Ltd. Overseas legal person 1.98% 10,000,000 0 0
China Construction Bank –
Shangtou Morgan
Small-middle size stock
investment fund
Domestic non-state-owned
legal person 0.81% 4,096,669 0 0
Bank of China – Haifutong
Stock & Securities
Investment Fund
Domestic non-state-owned
legal person 0.79% 4,009,807 0 0
China Industrial &
Commercial Bank – Galaxy
Yintai Financing Investment
Fund
Domestic non-state-owned
legal person 0.59% 2,999,999 0 0
China Industrial &
Commercial Bank – Nuo’an
Stock Investment Fund
Domestic non-state-owned
legal person 0.50% 2,540,955 0 0
Qian Weimin Domestic natural person 0.48% 2,400,000 0 0
Cao Yifan Domestic natural person 0.42% 2,113,910 0 0
NATWEST SECURITIES
HONG KONG LIMITED Overseas natural person 0.36% 1,797,000 0 0
Top 10 holders of unconditional shares
Name of the shareholder Unconditional shares Category of shares
Shenzhen Banglin Technologies Development Co., Ltd. 45,849,515 RMB common shares
Shenzhen Shilihe Investment Co., Ltd. 20,067,328 RMB common shares
Hong Kong Onforce International Co., Ltd. 10,000,000 Foreign shares placed in
domestic exchange
China Construction Bank – Shangtou Morgan Small-middle
size stock investment fund 4,096,669 RMB common shares
Bank of China – Haifutong Stock & Securities Investment
Fund 4,009,807 RMB common shares
China Industrial & Commercial Bank – Galaxy Yintai
Financing Investment Fund 2,999,999 RMB common shares
China Industrial & Commercial Bank – Nuo’an Stock
Investment Fund 2,540,955 RMB common shares
Qian Weimin 2,400,000 RMB common shares
Cao Yifan 2,113,910 Foreign shares placed in
domestic exchange
NATWEST SECURITIES HONG KONG LIMITED 1,797,000 Foreign shares placed in
domestic exchange
Notes to relationship or
“action in concert” among
the top ten shareholders.
Among the top 10 shareholders, Banglin and Onforce are parties with action in concert. Banglin and
Shilihe are associated. As for the other holders of current shares, the Company has not been informed
any situation of related parties or action in concert parties.China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
5
3.3 Change in Controlling Shareholder and the Substantial Dominator
□applicable √ not applicable
§4 Directors, Supervisors and Senior Executives
4.1 Changes in Shares Held by Directors, Supervisors and Senior Executives
√ applicable □ not applicable
Name Position
Shares held
at the
beginning of
term
Amount of
shares
increased in
the report
term
Amount of
shares
decreased in
the report
term
Shares held
at the end of
term
Incl.
Conditional
shares
Share option
held at end
of term
Cause of
change
Xiong
Jianming Chairman 64,156 4,491 0 68,647 51,485 0
Capital
reserves
capitalized
Wang
Shengguo Director 22,608 1,583 0 24,191 18,143 0
Capital
reserves
capitalized
§5 Report of the Board of Directors
5.1 Principal business segments on industries/products
In RMB10 thousand
Segments on industries
On industry or product Turnover Operation cost Gross profit ratio
(%)
Increase/decreas
e of turnover
over the same
period of last
year (%)
Increase/decreas
e of operation
cost over the
same period of
last year (%)
Increase/decrease
of gross profit
ratio over the
same period of
last year (%)
Metal production 32,220.85 25,925.82 19.54% -2.59% -3.73% 0.95%
Railroad industry 7,201.57 5,947.25 17.42% 423.25% 399.17% 3.97%
Segments on products
Glass wall products 25,861.98 20,417.60 21.05% 8.41% -0.73% 7.27%
Aluminum products 6,358.87 5,508.22 13.38% -31.31% -13.54% -17.81%
Metro screen door
products 7,201.57 5,947.25 17.42% 423.25% 399.17% 3.97%
5.2 Major businesses segment on regions
In RMB10 thousand
Regions Turnover Change of income over last year %
Home sales 39,073.33 28.56%
Export 1,102.69 -76.39%
5.3 Major Change in the Principal Business or its Structure
□applicable √ not applicableChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
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5.4 Major Change in the Profitability (Gross Profit Rate) of the Major Business over the Previous Year
√ applicable □ not applicable
Gross profit ratio of aluminum products has decreased by 18%, which was caused by increasing of billet price from RMB12846 per ton
of the same period of last year to RMB15815 per ton, a 23% of increase.
5.5 Cause of Major Change in the Profit Composition over the Previous Year
□applicable √ not applicable
5.6 Using of proceeds from financing actions
5.6.1 Application of Proceeds Raised through Share Offering
√ applicable □ not applicable
In RMB10 thousand
Total of proceeds 33,538.51
Total of proceeds changed to other use in the
report term 0.00
Total of proceeds in the report term 0.00
Accumulated proceeds changed to other use 0.00
% of accumulated proceeds changed to other use 0.00%
Total of proceeds invested 0.00
Project set by the prospectus
Change
d for
other
use
(includi
ng
partially
changed
)
Total of
proceeds
to be
invested
as
proposed
Adjusted
total
amount
of
investme
nt
Amount
to be
invested
to the
end of
report
term as
proposed
(1)
Invested
in the
report
term
Accumul
ated
investme
nt at end
of report
term (2)
Difference
between
the
proposed
and actual
accumulat
ed
investment
at end of
report term
(3)=(2)-(1)
Investm
ent
progress
at end of
report
term (%)
(4)=(2)/(
1)
Date when the
project become
useable as
proposed
Gains
realized in
the report
term
Gains
as
expecte
d?
Major
change
in
feasibil
ity?
Energy-saving curtain wall
and PV curtain wall
production expanding
project
No 21,000.0
0
21,000.0
0 0.00 0.00 0.00 0.00 0.00% 2011.12.31 0.00 No No
Expanding of PSD project No 14000.0 12,538.5
1 0.00 0.00 0.00 0.00 0.00% 2011.12.31 0.00 No No
Total - 35000 33,538.5
1 0.00 0.00 0.00 0.00 - - 0.00 - -
Reason or situation that not
on schedule (on specific
project)
None
Statement on major change
in feasibility None
Change of location of project
to invest Not applicable
Adjustment on
implementation of project
invested
Not applicable
Pre-investment and
replacement by proceeds Not applicable
Idle proceed used as working
capital Not applicable
Surplus of investment and
causation Not applicable
Application plan of retained
fund from financing Will be used in production expanding of energy-saving curtain wall and PSD project.
Problem or situation in using
of proceeds and disclosing NoneChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
7
5.6.2 Change of Projects
□applicable √ not applicable
5.7 Revising of business plan for the 2nd half of year by the Board of Directors
□applicable √ not applicable
5.8 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicable
5.9 Statement of the Board on the Non-standard Opinion Presented by the Certified Public Accountants
□applicable √ not applicable
5.10 Statement of the Management on the Change and the Treatment Result of the Issues Involved in the
Non-standard Opinion Presented by the Certified Public Accountants in the Previous Year.
□applicable √ not applicable
§6 Significant Events
6.1 Acquisition and disposal of assets, reorganization of assets
6.1.1 Acquisition of assets
□applicable √ not applicable
6.1.2 Selling of assets
√ applicable □ not applicable
In RMB10 thousand
The other
party of trade
Assets
disposed Date of disposal Price
Profit
contributed
by the sold
assets from
the
beginning of
year until the
day of being
sold
Gain/los
s from
disposal
of the
asset
Related
transactio
n or not
Pricing
policy
Comple
tely
transfer
red or
not
Debt &
credit
transfer
red or
not
Relations
hip with
the other
party
Nanchang
High-Tech
Zone
Administrati
on
Committee
Land of
Aluminum
Co.
Jan 18, 2010 3,060.43 1,072.40 1,072.40 No market
price Yes Yes
Not
applicabl
eChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
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6.1.3 Since the Report on Assets Reorganization or Public Notice on Acquisition/Sales of Assets has been
published, the progress of the event and the influence upon the operation result and financial position in the
report period.
√ applicable □ not applicable
The Land Retrieving Agreement has been engaged between Fangda Aluminum and Nanchang High-Tech Zone Administration
Committee, and the land using rights was deregistered.
6.2 Guarantees
√ applicable □ not applicable
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
Guarantee provided
to
Date and Ref.
of the
announcement
about the
guarantee
Amount of the
guarantee
Actual date of
occurring (signing
date of
agreements
Actual amount
of guarantee
Type of
guarantee Term Completed or
not
Related party or
not
Total of external guarantee approved in
the report term (A1) 0.00 Total of external guarantee actually
occurred in the report term (A2) 0.00
Total of external guarantee approved as
of end of report term (A3) 0.00 Total of external guarantee actually
occurred as of end of report term (A4) 0.00
Guarantee provided to controlled subsidiaries
Guarantee provided
to
Date and Ref.
of the
announcement
about the
guarantee
Amount of the
guarantee
Actual date of
occurring (signing
date of
agreements
Actual amount
of guarantee
Type of
guarantee Term Completed or
not
Related party or
not
Fangda Decoration No. 2101-06 on
Feb 12 2010 20,000.00 Mar 18 2010 15,086.86 joint liability
2 yrs upon
expiration of
the main
contract
No No
Fangda Decoration No. 2101-06 on
Feb 12 2010 7,000.00 Mar 18 2010 1,164.23 joint liability
2 yrs upon
expiration of
the main
contract
No No
Fangda Decoration No. 2101-06 on
Feb 12 2010 5,000.00 Feb 23, 2010 5,000.00 joint liability
2 yrs upon
expiration of
the main
contract
No No
Fangda Automatic No. 2101-06 on
Feb 12 2010 25,000.00 Apr 15 2010 11,017.81 joint liability
2 yrs upon
expiration of
the main
contract
No No
Fangda Automatic No. 2101-06 on
Feb 12 2010 6,000.00 April 20, 2010 2,091.54 joint liability
2 yrs upon
expiration of
the main
contract
No No
Fangda New
Material
No. 2101-06 on
Feb 12 2010 5,000.00 Jun 13, 2010 1,600.00 joint liability
2 yrs upon
expiration of
the main
contract
No No
Total of guarantee to subsidiaries
approved in the report term (B1) 88,800.00
Total of guarantee to subsidiaries
actually occurred in the report term
(B2)
7,888.63
Total of guarantee to subsidiaries
approved as of the report term (B3) 88,800.00
Total of balance of guarantee actually
provided to the subsidiaries as of end of
report term (B4)
47,059.72
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the
report term (A1+B1) 88,800.00 Total of guarantee occurred in the
report term (A2+B2) 7,888.63
Total of guarantee approved as of end
of report term (A3+B3) 88,800.00 Total of guarantee occurred as of the
end of report term 47,059.72
Percentage of the total guarantee occurred (A4+B4) on net asset of the Company 47.78%
In which:
Guarantees provided to the shareholders, substantial controllers and the related
parties (C) 0.00
Guarantee provided directly or indirectly to objects with over 70% of liability on
asset ratio (D) 21,291.08
Amount of guarantee over 50% of the net asset (E) 0.00
Total of the above 3 * (C+D+E) 21,291.08
Statement on the possible joint liabilities on the guarantees not due yet NoneChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
9
6.3 Non-operational credit/debt with related parties
□applicable √ not applicable
6.4 Material Lawsuits/Arbitrations
□applicable √ not applicable
6.5 Notes to the other Significant Events and their Influences and Analysis on the Solutions
√ applicable □ not applicable
a. Hangzhou City Xinyu Building No. 2, 3, 5, 6 energy saving glass curtain wall project was obtained at the end of December 2007
with contract value of RMB163.70 million. It was started in May 2008. The whole contract amount was increased up to RMB174.2864
million in June 2009 Block 5 and 6 have been finished and accepted, where 2 and 3 are basically finished.
b. The curtain wall project of block 3# and 4# of Sanya Phoenix Island Recreation Resort is contracted with RMB72.540231 million,
which is on schedule according to the contract.
c. Shenyang Xinmo’er Shopping Mall was contracted with RMB139.90 million, and Dalian Wanda Center was contracted with
RMB58.971009 million, both of them are on schedule.
d. Shenzhen Jiali Plaza phase II is contracted with RMB105.08 million, and is on schedule according to the contract.
e. Shenzhen Metro Line 1 PSD system is contracted with RMB79.8586 million, which is on schedule as the contract.
f. f. Shenzhen Metro Line 2 PSD system is contracted with RMB169.256 million, which is on schedule.
g. Nanjing Metro PSD is contracted with RMB59.52 million, which is on schedule as contracted.
h. Wuhan Railway Line 2 phase I PSD system is contracted with RMB80.8598 million, and is on schedule according to the contract.
6.5.1 Securities investment
□applicable √ not applicable
6.5.2 Particulars about shareholding in other listed companies
√ applicable □ not applicable
In RMB Yuan
Stock Code Stock ID Initial investment Share
portion
Book value
at the end of
term
Gain/loss of
the report
term
Change of
owners’
equity in the
report term
Accounting
subject
Source of
shares
600800 ST Magnetic
Card
4,850,000.00 0.11% 3,150,000.00 0.00 -325,200.55 Disposable
financial asset
Debt paid
in kind
Total 4,850,000.00 - 3,150,000.00 0.00 -325,200.55 - -
6.5.3 Statement of capital adoption by the main shareholder and its affiliates
□applicable √ not applicable
6.5.4 Fulfilling of commitment issues by the Company, shareholders, and substantial controller
□applicable √ not applicable
6.5.5 Profit distribution or capitalizing of common reserves proposed by the Board for the current term
□applicable √ not applicableChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
10
6.5.6 Misc. income items
In RMB Yuan
Items Occurred current
term
Amount occurred in same period
last year
1. Gains (losses) from sellable financial assets -346,410.96 1,335,017.58
Less: Income tax influence of sellable financial assets -21,210.41 224,466.42
Net amount written into other gains and transferred into gain/loss in previous
terms 2,694,453.18 5,697,539.05
Sub-total -3,019,653.73 -4,586,987.89
2. Shares in the other misc. income subjects in the investee on equity basis
Less: Income tax influence of shares in other gains of investees on equity
basis
Net amount written into other gains and transferred into gain/loss in previous
terms
Sub-total
3. Amount of gains (or losses) from cash flow hedge instrument -1,648,500.00
Less: Income tax influence of cash flow hedge instruments -217,125.00
Net amount written into other gains and transferred into gain/loss in previous
terms 2,845,166.75
Adjusted amount transferred to initial amount of the target project 0.00
Sub-total -4,276,541.75
4. Difference from translating of foreign currency financial statements
Less: Net amount of disposing overseas business and transferred to current
gain/loss
Sub-total
5. Others
Less: Income tax influence by other accounted into other misc. incomes
Net amount accounted into other misc. income and transferred into current
gain/loss in previous terms
Sub-total
Total -7,296,195.48 -4,586,987.89
6.6 Reception of investigations, communications, or interviews
No such investigation, communication or visiting happened in the report term.
§7 Financial Report
7.1 Auditor’s Opinion
Financial Report √Not audited □ Audited
7.2 Financial Statements
7.2.1 Balance Sheet
Prepared by China Fangda Group Co., Ltd. Ended June 30, 2010 RMB Yuan
Items Balance at the end of term Balance at the beginning of year
Consolidated Parent company Consolidated Parent companyChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
11
Current asset:
Monetary capital 523,519,163.98 349,594,745.51 225,638,874.09 42,274,488.50
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 8,070,000.00 620,000.00
Account receivable 357,101,578.77 7,451,835.71 333,653,242.73 10,360,034.57
Prepayment 36,209,525.12 701,288.42 14,855,691.29 142,638.53
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 360,525.00
Dividend receivable 36,684,034.95 68,300,000.00
Other account receivable 70,078,325.63 129,111,756.41 34,909,899.09 254,201,660.72
Repurchasing of financial assets
Inventories 229,991,139.43 198,970,648.46
Non-current asset due in 1 year
Other current asset 3,315,075.00
Total of current asset 1,224,969,732.93 523,543,661.00 812,323,955.66 375,278,822.32
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset 3,150,000.00 3,150,000.00 7,520,445.42 3,496,410.96
Expired investment in possess
Long-term receivable
Long-term share equity investment 2,997,216.45 327,121,953.02 2,997,216.45 327,121,953.02
Investment properties 266,051,135.12 257,499,735.12 259,497,678.80 251,001,478.80
Fixed assets 233,736,037.79 55,249,492.19 259,250,051.32 56,120,248.80
Construction in process 30,610,742.11 294,639.00 18,327,957.02
Engineering goods
Fixed asset disposal 868.59 455,423.65
Production physical assets
Gas & petrol
Intangible assets 73,727,303.53 10,027,409.94 78,469,313.92 10,270,993.34
R&D expense 1,932,314.17 1,185,899.73
Goodwill 8,197,817.29 8,197,817.29
Long-term amortizable expenses
Differed income tax asset 35,828,787.13 18,931,696.57 34,588,252.85 18,497,571.25
Other non-current asset
Total of non-current assets 656,232,222.18 672,274,925.84 670,490,056.45 666,508,656.17
Total of assets 1,881,201,955.11 1,195,818,586.84 1,482,814,012.11 1,041,787,478.49
Current liabilities
Short-term loans 380,000,000.00 210,000,000.00 370,000,000.00 210,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilitiesChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
12
Notes payable 40,340,505.65 24,166,495.62
Account payable 224,234,762.07 1,905,140.36 200,145,847.34 7,653,666.23
Prepayment received 77,498,633.15 693,045.60 82,972,481.39 771,848.60
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 4,384,143.46 1,482.00 4,583,925.93 10,251.76
Tax payable 23,697,138.07 1,196,786.72 30,026,775.63 1,156,239.74
Interest payable 498,637.50 275,262.50 557,551.25 323,688.75
Dividend payable
Other account payable 25,251,443.97 9,438,732.25 29,077,737.90 194,524,051.83
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability 1,648,500.00
Total of current liability 777,553,763.87 223,510,449.43 741,530,815.06 414,439,746.91
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable
Contingent liabilities
Differed income tax liability 25,649,790.27 25,249,508.88 22,622,907.36 21,285,505.98
Other non-recurring liabilities 5,200,000.00 4,250,000.00
Total of non-current liabilities 30,849,790.27 25,249,508.88 26,872,907.36 21,285,505.98
Total of liability 808,403,554.14 248,759,958.31 768,403,722.42 435,725,252.89
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 504,606,604.00 504,606,604.00 426,786,359.00 426,786,359.00
Capital reserves 330,891,119.92 292,921,839.54 80,622,488.67 35,682,213.36
Less: Shares in stock
Special reserves
Surplus reserves 13,360,180.84 13,360,180.84 13,360,180.84 13,360,180.84
Common risk provision
Retained profit 136,135,146.48 136,170,004.15 102,526,565.06 130,233,472.40
Different of foreign currency translation
Total of owner’s equity belong to the parent company 984,993,051.24 947,058,628.53 623,295,593.57 606,062,225.60
Minor shareholders’ equity 87,805,349.73 91,114,696.12
Total of owners’ equity 1,072,798,400.97 947,058,628.53 714,410,289.69 606,062,225.60
Total of liabilities and owners’ equity 1,881,201,955.11 1,195,818,586.84 1,482,814,012.11 1,041,787,478.49
7.2.2 Income Statement
Prepared by: China Fangda Group Co., Ltd. Jan-June 2010 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent
company Consolidated Parent
companyChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
13
I. Total revenue 423,379,762.74 18,558,245.60 369,945,313.89 17,409,790.44
Incl. Business income 423,379,762.74 18,558,245.60 369,945,313.89 17,409,790.44
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 409,935,200.30 18,620,458.50 365,365,584.81 17,270,468.30
Incl. Business cost 339,167,650.59 4,777,841.15 299,542,925.11 4,470,349.48
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 7,268,385.20 736,359.67 9,767,330.95 664,694.71
Sales expense 12,733,055.35 604,810.28 10,902,148.67 591,616.45
Administrative expense 39,721,901.51 9,680,484.63 31,629,232.39 8,874,149.42
Financial expenses 10,189,597.13 3,061,119.80 9,764,547.03 2,560,492.78
Asset impairment loss 854,610.52 -240,157.03 3,759,400.66 109,165.46
Plus: Gains from change of fair value (“-“ for loss) 6,553,456.32 6,498,256.32 3,515,396.52 2,249,337.72
Investment gain (“-“ for loss) 3,174,066.97 16,922,613.40
Incl. Investment gains from affiliates
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 23,172,085.73 6,436,043.42 25,017,739.00 2,388,659.86
Plus: Non business income 14,744,047.55 3,452,536.32 1,416,575.88 437,535.27
Less: Non-business expenses 1,130,612.42 400,960.00 284,135.30 1,826.51
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 36,785,520.86 9,487,619.74 26,150,179.58 2,824,368.62
Less: Income tax expenses 6,486,285.83 3,551,087.99 -892,969.03
V. Net profit (“-“ for net loss) 30,299,235.03 5,936,531.75 27,043,148.61 2,824,368.62
Net profit attributable to the owners of parent company 33,608,581.42 5,936,531.75 30,076,634.28 2,824,368.62
Minor shareholders’ equity -3,309,346.39 -3,033,485.67
VI. Earnings per share:
(I) Basic earnings per share 0.074 0.066
(II) Diluted earnings per share 0.074 0.066
VII. Other misc. incomes -7,296,195.48 -325,200.55 -4,586,987.89 984,125.20
VIII. Total of misc. incomes 23,003,039.55 5,611,331.20 22,456,160.72 3,808,493.82
Total of misc. incomes attributable to the owners of the parent
company 26,312,385.94 5,611,331.20 25,489,646.39 3,808,493.82
Total misc gains attributable to the minor shareholders -3,309,346.39 -3,033,485.67
7.2.3 Cash Flow Statement
Prepared by: China Fangda Group Co., Ltd. Jan-June 2010 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent
company Consolidated Parent
companyChina Fangda Group Co., Ltd. Interim Report 2010 (Summary)
14
I. Net cash flow from business operation
Cash received from sales of products and providing of
services 392,653,009.60 16,630,116.26 406,547,823.93 26,234,711.17
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 239,302.17 186,253.97
Other cash received from business operation 39,549,834.46 5,304,349.62 36,241,231.56 1,272,565.74
Sub-total of cash inflow from business activities 432,442,146.23 21,934,465.88 442,975,309.46 27,507,276.91
Cash paid for purchasing of merchandise and services 346,365,488.62 6,267,741.94 315,924,312.50 6,323,133.66
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 32,596,329.65 2,943,955.51 26,817,645.66 2,538,136.69
Taxes paid 34,980,004.22 2,108,963.92 16,837,906.20 2,875,912.65
Other cash paid for business activities 58,027,646.80 8,989,344.74 38,365,969.24 3,787,931.62
Sub-total of cash outflow from business activities 471,969,469.29 20,310,006.11 397,945,833.60 15,525,114.62
Cash flow generated by business operation, net -39,527,323.06 1,624,459.77 45,029,475.86 11,982,162.29
II. Cash flow generated by investing
Cash received from investment retrieving 854,089.54 11,678,754.96
Cash received as investment gains 3,176,516.97 31,615,965.05 17,712,589.83
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets 2,372,184.95 1,220.00 1,220.00
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 184,000.00
Sub-total of cash inflow due to investment activities 6,402,791.46 31,615,965.05 29,576,564.79 1,220.00
Cash paid for construction of fixed assets, intangible assets
and other long-term assets 17,353,594.62 1,125,645.91 2,756,502.32 170,098.50
Cash paid as investment 4,916,722.80
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 17,353,594.62 1,125,645.91 7,673,225.12 170,098.50
Net cash flow generated by investment -10,950,803.16 30,490,319.14 21,903,339.67 -168,878.50
III. Cash flow generated by financing
Cash received as investment 340,499,960.00 340,499,960.00 50,000,000.00China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
15
Incl. Cash received as investment from minor shareholders
Cash received as loans 276,000,000.00 152,821,754.51 508,535,659.25 275,765,541.22
Cash received from bond placing
Other financing-related cash received 3,765.25
Subtotal of cash inflow from financing activities 616,503,725.25 493,321,714.51 558,535,659.25 275,765,541.22
Cash to repay debts 266,000,000.00 210,000,000.00 457,198,471.49 229,000,000.00
Cash paid as dividend, profit, or interests 9,008,860.25 5,156,671.25 10,843,491.21 6,130,606.65
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 2,978,629.66 2,978,629.66 95,901,563.87 40,015,000.00
Subtotal of cash outflow due to financing activities 277,987,489.91 218,135,300.91 563,943,526.57 275,145,606.65
Net cash flow generated by financing 338,516,235.34 275,186,413.60 -5,407,867.32 619,934.57
IV. Influence of exchange rate alternation on cash and cash
equivalents -12,216.25 2.70 -12,120.33 -795.83
V. Net increase of cash and cash equivalents 288,025,892.87 307,301,195.21 61,512,827.88 12,432,422.53
Plus: Balance of cash and cash equivalents at the beginning
of term 210,823,550.83 42,024,488.50 112,333,106.38 3,452,206.23
VI. Balance of cash and cash equivalents at the end of term 498,849,443.70 349,325,683.71 173,845,934.26 15,884,628.76China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
16
7.2.4 Change in Owners’ Equities (Consolidated)
Prepared by: China Fangda Group Co., Ltd. Interim 2010 in RMB yuan
Amount of the Current Term Amount of Last Year
Owners’ Equity Attributable to the Parent Company Owners’ Equity Attributable to the Parent Company
Items Capital
paid in
(or share
capital)
Capital
reserves
Less:
Shares in
stock
Special
reserves
Surplus
reserves
Common
risk
provision
Retained
profit Others
Minor
sharehol
ders’
equity
Total of
owners’
equity
Capital
paid in
(or share
capital)
Capital
reserves
Less:
Shares in
stock
Special
reserves
Surplus
reserves
Common
risk
provision
Retained
profit Others
Minor
sharehol
ders’
equity
Total of
owners’
equity
I. Balance at the end of last year 426,786,
359.00
80,622,4
88.67
13,360,1
80.84
102,526,
565.06
91,114,6
96.12
714,410,
289.69
426,786,
359.00
61,095,3
08.51 0.00 6,388,69
7.44
65,445,5
37.00
67,604,2
95.45
627,320,
197.40
Plus: Change of accounting
policy 0.00
Correcting of previous errors 0.00
Others
II. Balance at the beginning of
current year
426,786,
359.00
80,622,4
88.67
13,360,1
80.84
102,526,
565.06
91,114,6
96.12
714,410,
289.69
426,786,
359.00
61,095,3
08.51 0.00 6,388,69
7.44 0.00 65,445,5
37.00
67,604,2
95.45
627,320,
197.40
III. Changed in the current year (“-
“ for decrease)
77,820,2
45.00
250,268,
631.25
33,608,5
81.42
-3,309,3
46.39
358,388,
111.28 0.00 14,787,0
12.11 0.00 0.00 0.00 30,076,6
34.28
27,592,5
14.33
72,456,1
60.72
(I) Net profit 33,608,5
81.42
-3,309,3
46.39
30,299,2
35.03
30,076,6
34.28
-3,033,4
85.67
27,043,1
48.61
(II) Other misc. income -7,296,1
95.48
-7,296,1
95.48
-4,586,9
87.89 -4,586,9
87.89
Total of (I) and (II) -7,296,1
95.48
33,608,5
81.42
-3,309,3
46.39
23,003,0
39.55 0.00 -4,586,9
87.89 0.00 0.00 0.00 30,076,6
34.28
-3,033,4
85.67
22,456,1
60.72
(III) Investment or decreasing of
capital by owners
47,945,2
00.00
287,439,
871.73
335,385,
071.73
19,374,0
00.00
30,626,0
00.00
50,000,0
00.00
1. Capital inputted by owners 47,945,2
00.00
287,439,
871.73
335,385,
071.73
19,374,0
00.00
30,626,0
00.00
50,000,0
00.00
2. Amount of shares paid and
accounted as owners’ equity 0.00
3. Others 0.00
(IV) Profit allotment 0.00
1. Providing of surplus
reserves 0.00
2. Common risk provision 0.00
3. Allotment to the owners (or
shareholders) 0.00
4. Others 0.00
(V) Internal transferring of
owners’ equity
29,875,0
45.00
-29,875,
045.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capitalizing of capital
reserves (or to capital shares)
29,875,0
45.00
-29,875,
045.00 0.00
2. Capitalizing of surplus
reserves (or to capital shares) 0.00
3. Making up losses by 0.00China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
17
surplus reserves
4. Others 0.00 0.00
(VI) Special reserves
1. Provided this year
2. Used this term
IV. Balance at the end of this term 504,606,
604.00
330,891,
119.92
13,360,1
80.84
136,135,
146.48
87,805,3
49.73
1,072,79
8,400.97
426,786,
359.00
75,882,3
20.62 0.00 6,388,69
7.44 0.00 95,522,1
71.28
95,196,8
09.78
699,776,
358.12
7.2.5 Change in Owners’ Equities (Parent Co.)
Prepared by: China Fangda Group Co., Ltd. Interim 2010 in RMB yuan
Amount of the Current Term Amount of Last Year
Items
Capital
paid in (or
share
capital)
Capital
reserves
Less:
Shares in
stock
Special
reserves
Surplus
reserves
Common
risk
provision
Retained
profit
Total of
owners’
equity
Capital
paid in (or
share
capital)
Capital
reserves
Less:
Shares in
stock
Special
reserves
Surplus
reserves
Common
risk
provision
Retained
profit
Total of
owners’
equity
I. Balance at the end of last year 426,786,35
9.00
35,682,213.
36
13,360,180.
84
130,233,47
2.40
606,062,22
5.60
426,786,35
9.00
33,267,012.
81 0.00 6,388,697.4
4
67,490,121.
80
533,932,19
1.05
Plus: Change of accounting
policy 0.00
Correcting of previous errors 0.00
Others 0.00
II. Balance at the beginning of
current year
426,786,35
9.00
35,682,213.
36
13,360,180.
84
130,233,47
2.40
606,062,22
5.60
426,786,35
9.00
33,267,012.
81 0.00 6,388,697.4
4
67,490,121.
80
533,932,19
1.05
III. Changed in the current year (“-
“ for decrease)
77,820,245.
00
257,239,62
6.18
5,936,531.7
5
340,996,40
2.93 0.00 984,125.20 0.00 0.00 2,824,368.6
2
3,808,493.8
2
(I) Net profit 5,936,531.7
5
5,936,531.7
5
2,824,368.6
2
2,824,368.6
2
(II) Other misc. income -325,200.5
5
-325,200.5
5 984,125.20 984,125.20
Total of (I) and (II) -325,200.5
5
5,936,531.7
5
5,611,331.2
0 0.00 984,125.20 0.00 0.00 2,824,368.6
2
3,808,493.8
2
(III) Investment or decreasing of
capital by owners
47,945,200.
00
287,439,87
1.73
335,385,07
1.73 0.00
1. Capital inputted by owners 47,945,200.
00
287,439,87
1.73
335,385,07
1.73 0.00
2. Amount of shares paid and
accounted as owners’ equity 0.00
3. Others 0.00
(IV) Profit allotment 0.00
1. Providing of surplus
reserves 0.00
2. Common risk provision
3. Allotment to the owners (or
shareholders) 0.00
4. Others 0.00China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
18
(V) Internal transferring of
owners’ equity
29,875,045.
00
-29,875,04
5.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capitalizing of capital
reserves (or to capital shares)
29,875,045.
00
-29,875,04
5.00 0.00
2. Capitalizing of surplus
reserves (or to capital shares) 0.00
3. Making up losses by
surplus reserves 0.00
4. Others 0.00 0.00
(VI) Special reserves
1. Provided this year
2. Used this term
IV. Balance at the end of this term 504,606,60
4.00
292,921,83
9.54
13,360,180.
84
136,170,00
4.15
947,058,62
8.53
426,786,35
9.00
34,251,138.
01 0.00 6,388,697.4
4
70,314,490.
42
537,740,68
4.87China Fangda Group Co., Ltd. Interim Report 2010 (Summary)
19
7.3 Notes to the financial statements
7.3.1 In case of change in accounting policies, accounting estimation, or correction of accounting errors,
please provide details of the change and the influence on data.
□applicable √ not applicable
7.3.2 If the consolidation range of the financial report has changed significantly, please provide details and
the influences on financial data
□applicable √ not applicable
7.3.3 If the certified public accounts has issued a non-standard qualified opinion auditor’s report, list the
relevant notes to the issues involved in the report.
□applicable √ not applicable
