China Fangda Group Co., Ltd. Interim Report 2011 Summary
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2011-21
China Fangda Group Co., Ltd.
Interim Report 2011 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.
1.2 The financial statements carried in this report are not audited.
1.3 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 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
Name Zhou Zhigang
Address Fangda Town, Xili Longjing, Nanshan District, Shenzhen, PRC
Tel. 86(755) 26788571 ext. 6622
Fax. 86(755) 26788353
Email. zqb@fangda.com
1
China Fangda Group Co., Ltd. Interim Report 2011 Summary
2.2 Financial Highlights
2.2.1 Financial Highlights
In RMB Yuan
Ended this report Ended previous Increase/decrease
term year (%)
Gross Assets (RMB) 2,040,148,475.79 1,991,161,158.84 2.46%
Owners’ equity attributable to the shareholders of the listed company
1,056,058,837.33 1,009,990,739.07 4.56%
(yuan)
Capital shares (shares) 756,909,905.00 504,606,604.00 50.00%
Net asset per share attributable to the shareholders of the listed
1.40 2.00 -30.00%
company (Yuan/share)
Report term Same period last Increase/decrease
(Jan-Jun) year (%)
Turnover (yuan) 579,154,393.68 423,379,762.74 36.79%
Business profit (RMB) 49,812,610.64 23,172,085.73 114.97%
Gross profit (RMB) 54,684,537.33 36,785,520.86 48.66%
Net profit attributable to shareholders of the listed company (yuan) 46,094,698.26 33,608,581.42 37.15%
Net profit after deducting of non-recurring gain/loss attributable to
38,385,493.61 13,165,642.02 191.56%
the shareholders of the listed company (RMB)
Basic earnings per share (Yuan/share) 0.061 0.049 24.49%
Diluted earnings per share (Yuan/share) 0.061 0.049 24.49%
Weighted average of ROE (%) 4.46% 5.28% -0.82%
Weighted average net
3.72% 2.07% 1.65%
income/asset ratio less non-recurring gain/loss(%)
Net Cash flow generated by business operation (RMB) -12,160,290.48 -39,527,323.06 -
Net Cash flow per share generated by business operation (yuan/share) -0.02 -0.08 -
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 -247,367.69
Government subsidies accounted into current gain/loss account, other than those
closely related to the Company’s common business, comply with the national policy 63,800.00
and continues to enjoy at certain fixed rate or amount.
Receiving of interest of project
Capital adoption fee collected from non-financial organizations and accounted into
4,863,766.62 payment due from Dalian
current gain/loss
Yunshan project
Gain/loss from change of fair value of investment property measured at fair value in
5,082,327.66
follow-up measurement
Other non-business income and expenditures other than the above 191,727.76
Influenced amount of income tax -2,244,387.08
Influenced amount of minority shareholders’ equity -662.62
Total 7,709,204.65 -
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
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 Owners’ equity to shareholders of the listed
listed company company
Current term Amount of last term End of term Beginning of term
On IAS 46,094,698.26 33,608,581.42 1,060,822,235.57 1,014,754,137.31
On domestic accounting
46,094,698.26 33,608,581.42 1,056,058,837.33 1,009,990,739.07
standard
Individual and total of adjustment according to IAS
Interest capitalized in years
prior to adopting of the new 0.00 0.00 4,763,398.24 4,763,398.24
accounting standard
Total of differences between
the IAS and domestic 0.00 0.00 4,763,398.24 4,763,398.24
accounting standard
Statement on differences
The different of owners’ equity attributable to the listed company on IAS was mainly the part of
between the IAS and Chinese
interest capitalized in years previous to application of the new accounting standard on January 1, 2007.
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
Issuing of
Bonus Transferred
Amount Proportion new Others Sub-total Amount Proportion
shares from reserves
shares
I. Shares with trading
48,014,828 9.52% 24,007,414 24,007,414 72,022,242 9.52%
limited conditions
1. State-owned shares
2. State-owned legal
person shares
3. Other domestic shares 47,945,200 9.50% 23,972,600 23,972,600 71,917,800 9.50%
Incl. Non-government
domestic legal person 18,200,000 3.61% 9,100,000 9,100,000 27,300,000 3.61%
shares
Domestic natural
29,745,200 5.89% 14,872,600 14,872,600 44,617,800 5.89%
person shares
4. Share held by foreign
investors
Incl. Shares held by
foreign legal persons
Foreign natural
person shares
5. Management shares 69,628 0.01% 34,814 34,814 104,442 0.01%
II. Shares without trading
456,591,776 90.48% 228,295,887 228,295,887 684,887,663 90.48%
limited conditions
1. Common shares in
232,624,317 46.10% 116,312,158 116,312,158 348,936,475 46.10%
RMB
2. Foreign shares in
223,967,459 44.38% 111,983,729 111,983,729 335,951,188 44.38%
domestic market
3. Foreign shares in
overseas market
4. Others
III. Total of capital shares 504,606,604 100.00% 252,303,301 252,303,301 756,909,905 100.00%
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
3.2 Top 10 shareholders and top 10 holders of unconditional shares
in shares
Total of shareholders 72,221
Top 10 Shareholders
Name of the shareholder Properties of shareholder Share proportion % Total shares Conditional shares Pledged or frozen
Shenzhen Banglin
Domestic non-state-owned
Technologies 9.09% 68,774,273 0 0
legal person
Development Co., Ltd.
Shenzhen Shilihe Domestic non-state-owned
2.36% 17,860,992 0 0
Investment Co., Ltd. legal person
Tieling Xinxin Copper Domestic non-state-owned
2.22% 16,800,000 16,800,000 16,800,000
Industry Co., Ltd. legal person
Chen Binblin Domestic natural person 1.98% 15,000,000 15,000,000 14,550,000
Onforce International Ltd. Overseas legal person 1.63% 12,300,000 0 0
Shi Baozhong Domestic natural person 1.39% 10,500,000 10,500,000 10,500,000
Zhang Xu Domestic natural person 1.39% 10,500,000 10,500,000 0
Zhongrong International Domestic non-state-owned
1.39% 10,500,000 10,500,000 0
Trust Co., Ltd. legal person
Shen Cangqiong Domestic natural person 1.14% 8,617,800 8,617,800 0
Cao Yifan Domestic natural person 0.44% 3,320,865 0 0
Top 10 holders of unconditional shares
Amount of shares without trade limited
Name of the shareholder Category of shares
conditions
Shenzhen Banglin Technologies Development Co., Ltd. 68,774,273 RMB common shares
Shenzhen Shilihe Investment Co., Ltd. 17,860,992 RMB common shares
Foreign shares placed in
Onforce International Ltd. 12,300,000
domestic exchange
Foreign shares placed in
Cao Yifan 3,320,865
domestic exchange
Foreign shares placed in
Chen Lihong 2,305,365
domestic exchange
Foreign shares placed in
Zhen Fan 1,980,000
domestic exchange
Zhongrong International Trust Ltd. – Rongxin Trust
1,931,659 RMB common shares
Contract No.75
Zhongrong International Trust Co., Ltd. – Huian No.6 1,653,147 RMB common shares
Foreign shares placed in
Chen Jinbiao 1,649,427
domestic exchange
Foreign shares placed in
Li Yitian 1,558,350
domestic exchange
Notes to relationship or
Among the top 10 shareholders, Banglin and Onforce are parties with action in concert. Banglin and
“action in concert”
Shilihe are associated. As for the other holders of current shares, the Company has not been informed any
among the top ten situation of related parties or action in concert parties.
shareholders.
3.3 Change in Controlling Shareholder and the Substantial Dominator
□applicable √ not applicable
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
§4 Directors, Supervisors and Senior Executives
4.1 Changes in Shares Held by Directors, Supervisors and Senior Executives
√ applicable □ not applicable
Amount of Amount of Share
Shares held at Shares held Incl.
shares shares option Cause of
Name Position the beginning at the end Conditional
increased in the decreased in the held at end change
of term of term shares
report term report term of term
Capital
Xiong Chairman,
68,647 34,324 0 102,971 0 0 reserves
Jianming president
capitalized
Capital
Wang Director, Vice
24,191 12,095 0 36,286 0 0 reserves
Shengguo president
capitalized
Xiong
Director 0 0 0 0 0 0
Jianwei
Director,
Zhou
Secretary of the 0 0 0 0 0 0
Zhigang
Board
Shao Independent
0 0 0 0 0 0
Hanqing Director
Guo Independent
0 0 0 0 0 0
Jinlong Director
Huang Independent
0 0 0 0 0 0
Yaying Director
Host of the
Zheng Hua Supervisory 0 0 0 0 0 0
Committee
Yu Guoan Supervisor 0 0 0 0 0 0
Cao Naisi Supervisor 0 0 0 0 0 0
Yang
Vice President 0 0 0 0 0 0
Xiaozhuan
Vice president
Lin Kebin 0 0 0 0 0 0
and CFO
Former
Dong
independent 0 0 0 0 0 0
Likun
director
Song Former
0 0 0 0 0 0
Wenqing supervisor
§5 Report of the Board of Directors
5.1 Principal business segments on industries/products
In RMB10 thousand
Segments on industries
Increase/decrease of
Gross Increase/decrease of Increase/decrease of gross
On industry or Operation operation cost over the
Turnover profit turnover over the same profit ratio over the same
product cost same period of last year
ratio (%) period of last year (%) period of last year (%)
(%)
Metal production 48,523.48 38,899.57 19.83% 49.02% 48.49% 0.28%
Railroad industry 6,353.06 5,358.46 15.66% -10.64% -8.48% -1.99%
Segments on products
Curtain wall
products and 48,523.48 38,899.57 19.83% 49.02% 48.49% 0.28%
materials
Rail
transportation 6,353.06 5,358.46 15.66% -10.64% -8.48% -1.99%
equipment
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
5.2 Major businesses segment on regions
In RMB10 thousand
Regions Turnover Change of income over last year %
Domestic 49,299.52 26.17%
Overseas 6,323.80 473.49%
5.3 Major Change in the Principal Business or its Structure
□applicable √ not applicable
5.4 Major Change in the Profitability (Gross Profit Rate) of the Major Business over the Previous Year
□applicable √ not applicable
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 Statement of application of proceeds from share placing
√ applicable □ not applicable
In RMB10 thousand
Total of proceeds 33,658.69
Total of proceeds put into investment in the
Total of proceeds changed to other use in the 3,680.96
0.00 report term
report term
Accumulated proceeds changed to other use 0.00
Total of proceeds invested 6,252.13
% of accumulated proceeds changed to other use 0.00%
If
investm
Total of Accumul Investment
ent
proceeds Total ated Date when the
project Amount progress at Gains in Gains as Major
Project promised to be to be investment investme project become
changed invested this end of report the report expected change in
invested by the proceeds invested after nt at end useable as
(includi report term term(%)(3) term ? feasibility?
as adjustment of report proposed
ng ＝(2)/(1)
proposed term (2)
partially
change)
Project set by the prospectus
Energy-saving curtain wall
Not
and PV curtain wall 21,000.0
No 21,000.00 3,280.58 5,481.31 26.10% Dec 31 2011 0.00 applicabl No
production expanding 0
e
project
Not
12,658.6
Expanding of PSD project No 12,658.69 400.38 770.82 6.09% Dec 31 2011 0.00 applicabl No
9
e
Subtotal of investment 33,658.6
- 33,658.69 3,680.96 6,252.13 - - 0.00 - -
promised 9
Investment project of
premium surplus
Repaying of bank loans (if
- - - - -
any)
Used as current capital (if
- - - - -
any)
Subtotal of premium
- 0.00 0.00 0.00 0.00 - - 0.00 - -
proceeds
33,658.6
Total - 33,658.69 3,680.96 6,252.13 - - 0.00 - -
9
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
Reason or situation that not
on schedule (on specific None
project)
Statement on major change
None
in feasibility
Amount, usage and progress
Not applicable
of premium surplus
Applicable
Change of location of project
to invest According to the needs of business development, and approved by the 24th meeting of the 5th term of Board, the location of energy
saving curtain wall and PV wall project was changed from Nanchang to Dongguan Guangdong.
Adjustment on
implementation of project Not applicable
invested
Applicable
Pre-investment and On September 30, 2010, it was decided to use the raised capital to replace RMB4,347,753.09 of investment made previously by
replacement by proceeds Fangda Automatic (1,403,503.00) and Fangda Decoration (4,347,753.09). This has been verified by CPA with report 天健正信审
（2010）专字第 020722 号.
Applicable
Idle proceed used as working
capital On March 28, 2011, payment of RMB20 million was made from idle proceeds to Fangda Decoration; and RMB10 million was
made to Fangda Automatic. Both were not over six months.
Surplus of investment and
Not applicable
causation
Application plan of retained
“Production expanding of energy saving curtain wall and photoelectronic curtain wall” and “Production expanding of PSD”
fund from financing
Problem or situation in using
None
of proceeds and disclosing
5.6.2 Statement of change of projects financed by proceeds from share placing
□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
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
§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
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
6.2 Guarantees
√ applicable □ not applicable
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
Date and Ref. of the Amount of Actual date of Related
Guarantee provided Actual amount of Type of Completed
announcement about the occurring (signing Term party or
to guarantee guarantee or not
the guarantee guarantee date of agreements not
Total of external guarantee approved in the report Total of external guarantee actually
0.00 0.00
term (A1) occurred in the report term (A2)
Total of external guarantee approved as of end of Total of external guarantee actually
0.00 0.00
report term (A3) occurred as of end of report term (A4)
Guarantee provided to controlled subsidiaries
Date and Ref. of the Amount of Actual date of Related
Guarantee provided Actual amount of Type of Completed
announcement about the occurring (signing Term party or
to guarantee guarantee or not
the guarantee guarantee date of agreements not
"2010-2-12 since engage of
contract to 2
Fangda Decoration Announcement No. 20,000.00 Jun 29, 2010 18,879.94 Joint liabilities No No
years upon due of
2010-06 debt
"2011-3-2 since engage of
contract to 2
Fangda Decoration Announcement No. 12,000.00 Feb 18 2011 8,769.06 Joint liabilities No No
years upon due of
2011-02 debt
"2010-2-12 since engage of
contract to 2
Fangda Automatic Announcement No. 25,000.00 Jun 30 2010 15,740.08 Joint liabilities No No
years upon due of
2010-06 debt
"2010-2-12 since engage of
contract to 2
Fangda Automatic Announcement No. 6,000.00 Nov 03 2010 2,523.83 Joint liabilities No No
years upon due of
2010-06 debt
"2010-2-12 since engage of
Fangda New contract to 2
Announcement No. 5,000.00 Dec 13 2010 1,600.00 Joint liabilities No No
Materials years upon due of
2010-06 debt
"2011-3-2 since engage of
Fangda New contract to 2
Announcement No. 4,960.00 Jun 17 2011 3,351.91 Joint liabilities No No
Materials years upon due of
2011-02 debt
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
"2010-2-06 since engage of
Fangda New contract to 2
Announcement No. 2,700.00 Sept 29 2010 2,700.00 Joint liabilities No No
Materials years upon due of
2010-12 debt
since engage of
Fangda Decoration, August19, 2010
contract to 2
Fangda Automatic, Announcement No. 10,000.00 Sept 06 2010 1,651.87 Joint liabilities No No
years upon due of
Fangda Group 2010-27 debt
Total of guarantee to subsidiaries
Total of guarantee to subsidiaries approved in the
143,000.00 actually occurred in the report term 35,369.93
report term (B1)
(B2)
Total of balance of guarantee actually
Total of guarantee to subsidiaries approved as of the
16,960.00 provided to the subsidiaries as of end 55,216.68
report term (B3)
of report term (B4)
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the report term Total of guarantee occurred in the
143,000.00 35,369.93
(A1+B1) report term (A2+B2)
Total of guarantee approved as of end of report term Total of guarantee occurred as of the
16,960.00 55,216.68
(A3+B3) end of report term
Percentage of the total guarantee occurred (A4+B4) on net asset of the Company 52.29%
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
0.00
(D)
Amount of guarantee over 50% of the net asset (E) 2,413.74
Total of the above 3 * (C+D+E) 2,413.74
Statement on the possible joint liabilities on the guarantees not due yet None
6.3 Non-operational credit/debt with related parties
□applicable √ not applicable
6.4 Material Lawsuits/Arbitrations
√ applicable □ not applicable
1. On March 31, 2010, the Company sued to the Middle Court of Guangzhou claiming for protection of the Company’s two patent
rights violated by Panasonic Electronics (China) Ltd. in proceeding of PSD system of Guangzhou Metro. The claiming was to stop the
violating activity and compensation of RMB10 million. This case was in trial process.
2. In 2010, Wang Weihong sue to Chongqing Middle Court against Fangda Decoration – one of the
Company’s subsidiaries, claiming for RMB17.07 million project payment and interests. This case
was in trial process.
6.5 Notes to the other Significant Events and their Influences and Analysis on the Solutions
□applicable √ not applicable
6.5.1 Securities investment
□applicable √ not applicable
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
6.5.2 Particulars about shareholding in other listed companies
√ applicable □ not applicable
In RMB Yuan
Gain/loss of Change of owners’
Stock Initial Share Book value at Source of
Stock ID the report equity in the report Accounting subject
Code investment portion the end of term shares
term term
ST Available-for-sale
Debt
600800 Magnetic 4,850,000.00 0.11% 4,312,000.00 0.00 -26,600.00 paid in
financial asset
Card kind
Total 4,850,000.00 - 4,312,000.00 0.00 -26,600.00 - -
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
Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
its substantial dominator in the report term or carried over to the report term:
□applicable √ not applicable
6.5.5 Profit distribution or capitalizing of common reserves proposed by the Board for the current term
□applicable √ not applicable
6.5.6 Misc. income items
In RMB Yuan
Occurred current Occurred in previous
Items
term term
1. Gains (losses) from sellable financial assets -35,000.00 -346,410.96
Less: Income tax influence of available-for-sale financial assets -8,400.00 -21,210.41
Net amount written into other gains and transferred into gain/loss in previous terms 2,694,453.18
Sub-total -26,600.00 -3,019,653.73
2. Shares in the other misc. income subjects in the investee on equity basis
Less: Income tax influence of shares in other gains of investee 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 -26,600.00 -7,296,195.48
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
6.6 Reception of investigations, communications, or interviews
Main content involved and
Time/date Place Way Visitors
material provided
March 10, The Field Orient Securities Ltd., Guangzhou Pearl River Asset Business operation and future
2011 Company research Management Ltd. development.
March 18, The Field Shenyin Wanguo Securities, Hualin Securities, Guangdong Business operation and future
2011 Company research Andexin Development Ltd. development.
§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, 2011 RMB Yuan
Balance at the end of term Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 442,490,831.45 34,284,968.42 506,295,863.70 30,547,718.91
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 1,550,000.00 16,491,007.92
Account receivable 492,830,911.53 6,195,719.35 396,673,564.76 7,917,726.90
Prepayment 34,525,862.83 250,000.00 20,266,020.05 366,736.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 1,138,888.88 51,300.00
Dividend receivable 26,936,500.00 43,936,500.00
Other account receivable 51,503,441.54 209,634,878.63 39,235,264.87 200,454,969.75
Repurchasing of financial assets
Inventories 248,191,919.72 280,285,486.41
Non-current asset due in 1 year
Other current asset
Total of current asset 1,272,231,855.95 277,302,066.40 1,259,298,507.71 283,223,651.56
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset 4,312,000.00 4,312,000.00 4,347,000.00 4,347,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 658,733,745.58 658,733,745.58
Investment properties 274,539,465.81 265,380,365.81 271,226,332.73 262,602,432.73
Fixed assets 304,929,329.34 57,877,748.34 240,554,714.52 56,934,198.94
Construction in process 26,674,644.86 87,378.64 56,762,380.64 87,378.64
Engineering goods
Fixed asset disposal 1,442,705.89 586,285.67
Production physical assets
Gas & petrol
Intangible assets 112,597,828.53 10,143,092.40 114,530,578.15 10,323,163.72
R&D expense 905,133.30 1,182,970.28
Goodwill 8,197,817.29 8,197,817.29
11
China Fangda Group Co., Ltd. Interim Report 2011 Summary
Long-term amortizable expenses 2,860,664.65 3,062,071.65
Differed income tax asset 31,457,030.17 15,029,610.93 31,412,500.20 15,161,997.10
Other non-current asset
Total of non-current assets 767,916,619.84 1,011,563,941.70 731,862,651.13 1,008,189,916.71
Total of assets 2,040,148,475.79 1,288,866,008.10 1,991,161,158.84 1,291,413,568.27
Current liabilities
Short-term loans 383,000,000.00 200,000,000.00 397,000,000.00 200,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 41,652,568.77 60,226,018.65
Account payable 264,658,302.20 1,851,490.36 296,531,749.82 1,901,490.41
Prepayment received 90,207,461.25 693,045.60 48,308,874.47 715,925.50
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 11,043,615.29 406,934.91 14,047,721.00 881,767.40
Tax payable 26,999,435.45 885,778.96 21,520,643.71 930,370.30
Interest payable 548,793.05 280,250.00 610,850.84 308,275.00
Dividend payable
Other account payable 48,298,812.20 61,967,412.59 25,384,587.91 70,841,835.18
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability
Total of current liability 866,408,988.21 266,084,912.42 863,630,446.40 275,579,663.79
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable
Expectable liabilities 883,881.35 347,657.52
Differed income tax liability 29,869,048.72 29,351,087.57 28,289,997.60 27,852,316.45
Other non-recurring liabilities 4,564,850.00 4,564,850.00
Total of non-current liabilities 35,317,780.07 29,351,087.57 33,202,505.12 27,852,316.45
Total of liability 901,726,768.28 295,435,999.99 896,832,951.52 303,431,980.24
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00 504,606,604.00 504,606,604.00
Capital reserves 82,104,113.92 42,703,458.54 334,434,014.92 295,033,359.54
Less: Shares in stock
Special reserves
Surplus reserves 17,834,977.97 17,834,977.97 17,834,977.97 17,834,977.97
Common risk provision
Retained profit 199,209,840.44 175,981,666.60 153,115,142.18 170,506,646.52
Different of foreign currency translation
Total of owner’s equity belong to the parent company 1,056,058,837.33 993,430,008.11 1,009,990,739.07 987,981,588.03
Minor shareholders’ equity 82,362,870.18 84,337,468.25
Total of owners’ equity 1,138,421,707.51 993,430,008.11 1,094,328,207.32 987,981,588.03
Total of liabilities and owners’ equity 2,040,148,475.79 1,288,866,008.10 1,991,161,158.84 1,291,413,568.27
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
7.2.2 Income Statement
Prepared by: China Fangda Group Co., Ltd. Jan-June 2011 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 579,154,393.68 20,049,926.08 423,379,762.74 18,558,245.60
Incl. Business income 579,154,393.68 20,049,926.08 423,379,762.74 18,558,245.60
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 534,439,453.17 17,513,082.25 409,935,200.30 18,620,458.50
Incl. Business cost 460,275,267.38 5,151,318.51 339,167,650.59 4,777,841.15
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 8,780,225.31 1,197,342.53 7,268,385.20 736,359.67
Sales expense 14,037,722.42 251,166.98 12,733,055.35 604,810.28
Administrative expense 46,225,304.98 9,792,692.82 39,721,901.51 9,680,484.63
Financial expenses 8,807,786.28 1,922,691.95 10,189,597.13 3,061,119.80
Asset impairment loss -3,686,853.20 -802,130.54 854,610.52 -240,157.03
Plus: Gains from change of fair value (“-“ for loss) 5,082,327.66 4,547,127.66 6,553,456.32 6,498,256.32
Investment gain (“-“ for loss) 15,342.47 3,174,066.97
Incl. Investment gains from affiliates
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 49,812,610.64 7,083,971.49 23,172,085.73 6,436,043.42
Plus: Non business income 5,461,800.64 461,369.27 14,744,047.55 3,452,536.32
Less: Non-business expenses 589,873.95 430,763.39 1,130,612.42 400,960.00
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 54,684,537.33 7,114,577.37 36,785,520.86 9,487,619.74
Less: Income tax expenses 10,564,437.14 1,639,557.29 6,486,285.83 3,551,087.99
V. Net profit (“-“ for net loss) 44,120,100.19 5,475,020.08 30,299,235.03 5,936,531.75
Net profit attributable to the owners of parent company 46,094,698.26 5,475,020.08 33,608,581.42 5,936,531.75
Minor shareholders’ equity -1,974,598.07 -3,309,346.39
VI. Earnings per share:
(I) Basic earnings per share 0.061 0.049
(II) Diluted earnings per share 0.061 0.049
VII. Other misc. incomes -26,600.00 -26,600.00 -7,296,195.48 -325,200.55
VIII. Total of misc. incomes 44,093,500.19 5,448,420.08 23,003,039.55 5,611,331.20
Total of misc. incomes attributable to the owners of the parent
46,068,098.26 5,448,420.08 26,312,385.94 5,611,331.20
company
Total misc gains attributable to the minor shareholders -1,974,598.07 -3,309,346.39
Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
13
China Fangda Group Co., Ltd. Interim Report 2011 Summary
7.2.3 Cash Flow Statement
Prepared by: China Fangda Group Co., Ltd. Jan-June 2011 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Net cash flow from business operation
Cash received from sales of products and providing of
572,717,719.70 20,736,668.55 392,653,009.60 16,630,116.26
services
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 2,196,998.64 239,302.17
Other cash received from business operation 34,846,329.66 1,088,056.36 39,549,834.46 5,304,349.62
Sub-total of cash inflow from business activities 609,761,048.00 21,824,724.91 432,442,146.23 21,934,465.88
Cash paid for purchasing of merchandise and services 483,715,194.88 5,182,338.56 346,365,488.62 6,267,741.94
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 44,761,059.84 4,010,180.73 32,596,329.65 2,943,955.51
Taxes paid 30,109,619.02 1,967,285.81 34,980,004.22 2,108,963.92
Other cash paid for business activities 63,335,464.74 5,435,520.75 58,027,646.80 8,989,344.74
Sub-total of cash outflow from business activities 621,921,338.48 16,595,325.85 471,969,469.29 20,310,006.11
Cash flow generated by business operation, net -12,160,290.48 5,229,399.06 -39,527,323.06 1,624,459.77
II. Cash flow generated by investing
Cash received from investment retrieving 854,089.54
Cash received as investment gains 15,342.47 17,000,000.00 3,176,516.97 31,615,965.05
Net cash retrieved from disposal of fixed assets, intangible
9,372.00 8,040.00 2,372,184.95
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 24,714.47 17,008,040.00 6,402,791.46 31,615,965.05
Cash paid for construction of fixed assets, intangible assets
16,693,359.70 429,778.00 17,353,594.62 1,125,645.91
and other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
14
China Fangda Group Co., Ltd. Interim Report 2011 Summary
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 16,693,359.70 429,778.00 17,353,594.62 1,125,645.91
Net cash flow generated by investment -16,668,645.23 16,578,262.00 -10,950,803.16 30,490,319.14
III. Cash flow generated by financing
Cash received as investment 340,499,960.00 340,499,960.00
Incl. Cash received as investment from minor shareholders
Cash received as loans 90,000,000.00 276,000,000.00 152,821,754.51
Cash received from bond placing
Other financing-related cash received 3,765.25
Subtotal of cash inflow from financing activities 90,000,000.00 616,503,725.25 493,321,714.51
Cash to repay debts 104,000,000.00 12,847,054.29 266,000,000.00 210,000,000.00
Cash paid as dividend, profit, or interests 10,220,855.72 5,100,550.00 9,008,860.25 5,156,671.25
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 111,983.72 111,983.72 2,978,629.66 2,978,629.66
Subtotal of cash outflow due to financing activities 114,332,839.44 18,059,588.01 277,987,489.91 218,135,300.91
Net cash flow generated by financing -24,332,839.44 -18,059,588.01 338,516,235.34 275,186,413.60
IV. Influence of exchange rate alternation on cash and cash
-7,826.45 -12,216.25 2.70
equivalents
V. Net increase of cash and cash equivalents -53,169,601.60 3,748,073.05 288,025,892.87 307,301,195.21
Plus: Balance of cash and cash equivalents at the beginning of
468,878,715.15 30,252,759.44 210,823,550.83 42,024,488.50
term
VI. Balance of cash and cash equivalents at the end of term 415,709,113.55 34,000,832.49 498,849,443.70 349,325,683.71
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
7.2.4 Change in Owners’ Equities (Consolidated)
Prepared by: China Fangda Group Co., Ltd. Interim 2011 in RMB yuan
Amount of the Current Term Amount of Last Year
Owners’ Equity Attributable to the Parent Company Minor Owners’ Equity Attributable to the Parent Company Minor
Capital Total of Capital Total of
Items Less: Common sharehol Less: Common sharehol
paid in Capital Special Surplus Retained owners’ paid in Capital Special Surplus Retained owners’
Shares in risk Others ders’ Shares in risk Others ders’
(or share reserves reserves reserves profit equity (or share reserves reserves reserves profit equity
stock provision equity stock provision equity
capital) capital)
504,606, 334,434, 17,834,9 153,115, 84,337,4 1,094,32 426,786, 80,622,4 13,360,1 102,526, 91,114,6 714,410,
I. Balance at the end of last year
604.00 014.92 77.97 142.18 68.25 8,207.32 359.00 88.67 80.84 565.06 96.12 289.69
Plus: Change of accounting
policy
Correcting of previous errors
Others
II. Balance at the beginning of 504,606, 334,434, 17,834,9 153,115, 84,337,4 1,094,32 426,786, 80,622,4 13,360,1 102,526, 91,114,6 714,410,
current year 604.00 014.92 77.97 142.18 68.25 8,207.32 359.00 88.67 80.84 565.06 96.12 289.69
III. Changed in the current year (“- 252,303, -252,329 46,094,6 -1,974,5 44,093,5 77,820,2 253,811, 4,474,79 50,588,5 -6,777,2 379,917,
“ for decrease) 301.00 ,901.00 98.26 98.07 00.19 45.00 526.25 7.13 77.12 27.87 917.63
46,094,6 -1,974,5 44,120,1 55,063,3 -6,777,2 48,286,1
(I) Net profit
98.26 98.07 00.19 74.25 27.87 46.38
-26,600. -26,600. -4,955,1 -4,955,1
(II) Other misc. income
00 00 00.48 00.48
-26,600. 46,094,6 -1,974,5 44,093,5 -4,955,1 55,063,3 -6,777,2 43,331,0
Total of (I) and (II)
00 98.26 98.07 00.19 00.48 74.25 27.87 45.90
(III) Investment or decreasing of 47,945,2 288,641, 336,586,
capital by owners 00.00 671.73 871.73
47,945,2 288,641, 336,586,
1. Capital inputted by owners
00.00 671.73 871.73
2. Amount of shares paid and
accounted as owners’ equity
3. Others
4,474,79 -4,474,7
(IV) Profit allotment
7.13 97.13
1. Providing of surplus 4,474,79 -4,474,7
reserves 7.13 97.13
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of 252,303, -252,303 29,875,0 -29,875,
owners’ equity 301.00 ,301.00 45.00 045.00
1. Capitalizing of capital 252,303, -252,303 29,875,0 -29,875,
reserves (or to capital shares) 301.00 ,301.00 45.00 045.00
2. Capitalizing of surplus
reserves (or to capital shares)
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
3. Making up losses by
surplus reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
756,909, 82,104,1 17,834,9 199,209, 82,362,8 1,138,42 504,606, 334,434, 17,834,9 153,115, 84,337,4 1,094,32
IV. Balance at the end of this term
905.00 13.92 77.97 840.44 70.18 1,707.51 604.00 014.92 77.97 142.18 68.25 8,207.32
7.2.5 Change in Owners’ Equities (Parent Co.)
Prepared by: China Fangda Group Co., Ltd. Interim 2011 in RMB yuan
Amount of the Current Term Amount of Last Year
Capital Total of Capital Total of
Less: Common Less: Common
Items paid in (or Capital Special Surplus Retained paid in (or Capital Special Surplus Retained
Shares in risk owners’ Shares in risk owners’
share reserves reserves reserves profit share reserves reserves reserves profit
stock provision equity stock provision equity
capital) capital)
504,606,60 295,033,35 17,834,977. 170,506,64 987,981,58 426,786,35 35,682,213. 13,360,180. 130,233,47 606,062,22
I. Balance at the end of last year
4.00 9.54 97 6.52 8.03 9.00 36 84 2.40 5.60
Plus: Change of accounting
policy
Correcting of previous errors
Others
II. Balance at the beginning of 504,606,60 295,033,35 17,834,977. 170,506,64 987,981,58 426,786,35 35,682,213. 13,360,180. 130,233,47 606,062,22
current year 4.00 9.54 97 6.52 8.03 9.00 36 84 2.40 5.60
III. Changed in the current year (“- 252,303,30 -252,329,9 5,475,020.0 5,448,420.0 77,820,245. 259,351,14 4,474,797.1 40,273,174. 381,919,36
“ for decrease) 1.00 01.00 8 8 00 6.18 3 12 2.43
5,475,020.0 5,475,020.0 44,747,971. 44,747,971.
(I) Net profit
8 8 25 25
(II) Other misc. income -26,600.00 -26,600.00 584,519.45 584,519.45
5,475,020.0 5,448,420.0 44,747,971. 45,332,490.
Total of (I) and (II) -26,600.00 584,519.45
8 8 25 70
(III) Investment or decreasing of 47,945,200. 288,641,67 336,586,87
capital by owners 00 1.73 1.73
47,945,200. 288,641,67 336,586,87
1. Capital inputted by owners
00 1.73 1.73
2. Amount of shares paid and
accounted as owners’ equity
3. Others
4,474,797.1 -4,474,797.
(IV) Profit allotment
3 13
1. Providing of surplus 4,474,797.1 -4,474,797.
reserves 3 13
2. Common risk provision
3. Allotment to the owners (or
17
China Fangda Group Co., Ltd. Interim Report 2011 Summary
shareholders)
4. Others
(V) Internal transferring of 252,303,30 -252,303,3 29,875,045. -29,875,04
owners’ equity 1.00 01.00 00 5.00
1. Capitalizing of capital 252,303,30 -252,303,3 29,875,045. -29,875,04
reserves (or to capital shares) 1.00 01.00 00 5.00
2. Capitalizing of surplus
reserves (or to capital shares)
3. Making up losses by
surplus reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
756,909,90 42,703,458. 17,834,977. 175,981,66 993,430,00 504,606,60 295,033,35 17,834,977. 170,506,64 987,981,58
IV. Balance at the end of this term
5.00 54 97 6.60 8.11 4.00 9.54 97 6.52 8.03
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China Fangda Group Co., Ltd. Interim Report 2011 Summary
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
19