China Fangda Group Co., Ltd. Interim Report 2012 Summary
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2012-33
Interim Report 2012 Summary
I. Important Statement
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.
Directors other than the followings presented the Board Meeting at which this report was examined:
Reason for not presenting the
Name of the director absented Position Name of consignee
meeting
Huang Yaying Independent Director Business engagement Guo Jinlong
Xiong Jianwei Director Business engagement Wang Shengguo
Auditors’ Opinions
Unaudited.
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.
II. Profile of the Company
(I) Basic information
ID of A-stock Fangda Group
Code of A-stock 000055
Stock Exchange Shenzhen Stock Exchange
Secretary of the Board Representative of Stock Affairs
Name Zhou Zhigang Guo Linchen
Fangda Town, Xili Longjing, Nanshan Fangda Town, Xili Longjing, Nanshan
Address
District, Shenzhen, PRC District, Shenzhen, PRC
Tel. 86(755) 26788571 ext. 6622 86(755) 26788571 ext. 6622
Fax. 86(755) 26788353 86(755) 26788353
Email. zqb@fangda.com zqb@fangda.com
(II) Financial Highlights
1. Main accounting data and indices
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No
1
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Ended this report term Ended previous year Changed by (%)
Gross Assets (RMB) 2,292,616,746.16 2,163,325,598.14 5.98%
Owners’ equity attributable to the
1,086,484,073.68 1,073,843,444.65 1.18%
shareholders of the listed company (yuan)
Capital shares (shares) 756,909,905 756,909,905 0
Net asset per share attributable to the
shareholders of the listed company 1.44 1.42 1.41%
(Yuan/share)
Liability on asset ratio (%) 49.67% 46.75% 2.92%
Increase/decrease over
Report term (Jan-Jun) Same period last year
same period of last year(%)
Turnover (yuan) 529,289,597.8 579,154,393.68 -8.61%
Business profit (RMB) 7,090,002.99 49,812,610.64 -85.77%
Gross profit (RMB) 9,824,692.28 54,684,537.33 -82.03%
Net profit attributable to shareholders of
12,643,297.4 46,094,698.26 -72.57%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 5,980,785.25 38,385,493.61 -84.42%
of non-recurring gain/loss(RMB)
Basic earnings per share (Yuan/share) 0.02 0.06 -66.67%
Diluted earnings per share (Yuan/share) 0.02 0.06 -66.67%
Weighted average net
1.17% 4.46% -3.29%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 0.55% 3.72% -3.17%
gain/loss(%)
Net Cash flow generated by business
-68,069,752.93 -12,160,290.48 459.77%
operation (RMB)
Net Cash flow per share generated by
-0.09 -0.02
business operation (yuan/share)
Statement on the accounting data and financial indicies at end of report term. (Please state if retrospective adjustment was made.)
2. Non-recurring profit/loss items
[V] Applicable [] Not applicable
Amount from the beginning
Non-recurring gain and loss items of year to the end of report Remarks
period RMB
Gain/loss of non-current assets -134,241.19
Tax refunding or exemption without official certification or
exceeded authority
Gains and losses included in the current period of
government subsidies, excluding those government grants
which are closely related to normal business and in line with 703,700
national policy , or in accordance with fixed standards or
quantities
Capital adoption fee collected from non-financial
1,061,386.08
organizations and accounted into current gain/loss
Gain/loss from differences between the cost of enterprise
merger and the fair value of recognizable net asset of the
invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
2
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee
placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control
from beginning of term till date of consolidation
Gain/loss generated by contingent liabilities without
connection with main businesses
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
Restoring of receivable account impairment provision tested
individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property
5,936,670.15
measured at fair value in follow-up measurement
Influence of one-time adjustment made on current gain/loss
account according to the laws and regulations regarding tax
and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the
1,103,844.4
above
Other gain/loss items satisfying the definition of
non-recurring gain/loss account
Influenced amount of minority shareholders’ equity -42,583.05
Influenced amount of income tax -1,966,264.24
Total 6,662,512.15 --
3. Differences in net profit and net asset under domestic and international accounting standards
[V] 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 Previous term At end of term At beginning of term
On Chinese Accounting
12,643,297.4 46,094,698.26 1,086,484,073.68 1,073,843,444.65
Standard
Items and amounts adjusted on IAS
Capitalizing of borrowing
0 0 4,763,398.24 4,763,398.24
expenses
Under International
12,643,297.4 46,094,698.26 1,091,447,471.62 1,078,606,842.89
Accounting Standard
4. Differences in net profit and net asset under domestic and overseas accounting standards
[] Applicable; [V] Not applicable
3
China Fangda Group Co., Ltd. Interim Report 2012 Summary
III. Particulars About the Capital Share and Shareholders
(I) Statement of Change in Capital Share
[] Applicable; [V] Not applicable
(II) Top 10 shareholders and top 10 holders of un-restricted / current shares
Top 10 shareholders and top 10 holders of un-restricted shares
Total of shareholders 73,317
Top Ten Shareholders
Share Frozen or pledged
Properties of Conditional
Full name of shareholder proportio Total shares
shareholder shares Status of shares Amount
n%
Shenzhen Banglin
Public legal person
Technologies Development 9.09% 68,774,273 0
shares
Co., Ltd.
Liaoning Fangda Group Public legal person
4.06% 30,765,226 0
Industry Co., Ltd. shares
Shengjiu Investment Ltd. Foreign shares 2.82% 21,339,867 0
Shenzhen Shilihe Public legal person
2.36% 17,860,992 0
Investment Co., Ltd. shares
Wang Shaolin Others 2.22% 16,800,000 0 Pledge 16,800,000
Cao Yifan Others 0.44% 3,337,465 0
Chen Lihong Others 0.3% 2,305,365 0
Zhen Fan Others 0.27% 2,022,263 0
Chen Binblin Others 0.24% 1,814,773 0
China Merchants Securities
State-owned shares 0.23% 1,754,465 0
Hong Kong Ltd.
Top 10 holders of unconditional shares
Amount of shares without Categories and amounts of shares
Name of the shareholder
trade limited conditions Categories Amount
Shenzhen Banglin Technologies Development
68,774,273 A shares 68,774,273
Co., Ltd.
Liaoning Fangda Group Industry Co., Ltd. 30,765,226 A shares 30,765,226
Shengjiu Investment Ltd. 21,339,867 B shares 21,339,867
Shenzhen Shilihe Investment Co., Ltd. 17,860,992 A shares 17,860,992
Wang Shaolin 16,800,000 A shares 16,800,000
Cao Yifan 3,337,465 B shares 3,337,465
Chen Lihong 2,305,365 B shares 2,305,365
Zhen Fan 2,022,263 B shares 2,022,263
Chen Binblin 1,814,773 A shares 1,814,773
China Merchants Securities Hong Kong Ltd. 1,754,465 B shares 1,754,465
Among the top 10 shareholders, Shenzhen Banglin Technology Development Co.,
Ltd. and Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen
Statement of relationships and (or)
Banglin Technology Development Co., Ltd. and Shenzhen Shilihe Investment
action-in-concert among above shareholders:
Co., Ltd. are related parties. No other action-in-concert or related parties among
the other holders of current shares.
4
China Fangda Group Co., Ltd. Interim Report 2012 Summary
(III) Change of controlling shareholder and substantial controller
[] Applicable; [V] Not applicable
IV. Particulars about the Directors, Supervisors, and Senior
Management
(I) Change of shareholding by directors, supervisors, and executives
Shares Shares Incl. Amount Share options
Shares Shares held
holding at the decreased of shares held at the Cause of
Name Position increased this at the end of
beginning of this term under end of term change
term (shares) term
term (shares) (shares) restriction (shares)
Xiong Chairman,
102,971 0 0 102,971 77,228 Unchanged
Jianming president
Wang Director, Vice
36,286 0 0 36,286 27,214 Unchanged
Shengguo president
Xiong
Director 0 0 0 0
Jianwei
Director,
Zhou
Secretary of the 0 0 0 0
Zhigang
Board
Shao Independent
0 0 0 0
Hanqing Director
Guo Independent
0 0 0 0
Jinlong Director
Huang Independent
0 0 0 0
Yaying Director
Host of the
Zheng
Supervisory 0 0 0 0
Hua
Committee
Yu Guoan Supervisor 0 0 0 0
Cao Naisi Supervisor 0 0 0 0
Yang
Vice President 0 0 0 0
Xiaozhuan
Vice president
Lin Kebin 0 0 0 0
and CFO
Wei
Vice President 0 0 0 0
Yuexing
5
China Fangda Group Co., Ltd. Interim Report 2012 Summary
V. Report of the Board
(I) Main business segment in industries and products
In RMB Yuan
Segments on industries
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
Gross profit of turnover over
On Industries Turnover Operation cost over the same ratio over the
ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
Metal production 471,976,293.23 379,891,380.74 19.51% -2.73% -2.34% -0.32%
Railroad industry 33,746,387.12 26,730,948.12 20.79% -46.88% -50.11% 5.13%
Segements on products
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
Gross profit of turnover over
On Products Turnover Operation cost over the same ratio over the
ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
Curtain wall and
471,976,293.23 379,891,380.74 19.51% -2.73% -2.34% -0.32%
material
Rail
transportation 33,746,387.12 26,730,948.12 20.79% -46.88% -50.11% 5.13%
equipment
Statement of significant change of gross profit over the same period of previous year
(II) Main business segment on regions
In RMB Yuan
Regions Turnover Change of turnover YoY (%)
Domestic 493,071,807.85 0.02%
Overseas 14,399,425.48 -77.23%
(III) Statement on material change in main business composision
[] Applicable; [V] Not applicable
(IV) Statement on material change in main business profitability (gross profit)
[] Applicable; [V] Not applicable
(V) Analyze of major changes on profit composition comparing with the same period of last
year
[V] Applicable [] Not applicable
Asset impairment loss has increased by RMB21.5644 million, that was caused by providing of asset
impairment losses on Shenyang Fangda which was closed up.
6
China Fangda Group Co., Ltd. Interim Report 2012 Summary
(VI) Usage of financing proceeds
1. Comparison of usage of financing proceeds
[V] Applicable [] Not applicable
In RMB10 thousand
Total of proceeds 33,658.69 Total of
proceeds
put into
Total of proceeds changed to other use in the investme 8,500.18
0 nt in the
report term
report
term
Accumulated proceeds changed to other use 0 Total of
% of accumulated proceeds changed to other proceeds 24,399.7
0% invested
use
If Investme
Date
investme Total of Accumul nt
Total Amount when the
nt project proceeds ated progress Major
Project promised to be investme invested project Gains in
changed to be investme at end of Gains as change in
invested by the nt after this become the report
(includin invested nt at end report expected? feasibility
proceeds adjustme report useable term
g as of report term(%)( ?
nt term as
partially proposed term (2) 3)＝
proposed
change) (2)/(1)
Project set by the
prospectus
Energy-saving curtain
wall and PV curtain Sept. 30,
No 21,000 27,000 6,366.71 19,634.06 72.72% 0 No No
wall production 2012
expanding project
Expanding of PSD Sept. 30,
No 12,658.69 6,658.69 2,133.47 4,765.64 71.57% 0 No No
project 2012
Subtotal of investment
- 33,658.69 33,658.69 8,500.18 24,399.7 - - 0- -
promised
Investment project of
premium surplus
Repaying of bank loans
- - - - -
(if any)
Used as current capital
- - - - -
(if any)
Subtotal of premium
- 0 0 0 0- - 0- -
proceeds
Total - 33,658.69 33,658.69 8,500.18 24,399.7 - - 0- -
For the energy saving curtain wall and PV curtain wall projects were moved to Dongguan, it caused
much preparation work, therefore it was delayed.
For the PSD production expanding project is located in Nanchang, as adopted by the 1st provisional
Reason or situation that shareholders’ meeting 2012 held on March 9, 2012, the project will use a current factory, which is located
not on schedule (on in Fangda Jiangxi New Material Garden, as production site, therefore the investment in construction of
specific project) factory buildings and infrastructures is expected to be reduced by RMB60 million. The saved capital will
be transferred to the energy saving and PV curtain wall projects.
Progress was delayed for change of the plan. Both of the projects are expected to be put into operation
on September 30, 2012.
Statement on major
None
change in feasibility
7
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Amount, usage and [] Applicable; [V] Not applicable
progress of premium
surplus
[V] Applicable [] Not applicable
[] Occurred in the report period [V] Occurred in previous years
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.
[] Applicable; [V] Not applicable
Adjustment on
implementation of [] Occurred this period; [ ] Occurred privious period
project invested
[V] Applicable [] Not applicable
Pre-investment and
replacement by On September 30, 2010, it was decided to use the raised capital of RMB4,347,753.09 to replace the
proceeds investment made previously by Fangda Automatic RMB1,403,503.00 and Fangda Decoration
RMB2,944,250.09. This has been verified by CPA with report 天健正信审（2010）专字第 020722 号.
[V] Applicable [] Not 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 [] Applicable; [V] Not applicable
and causation
Application plan of
retained fund from Energy-saving curtain wall and PV curtain wall production expanding project
financing
The proposal of revising the amount of proceeds from financing was adopted at the 1st provisional
Problem or situation in shareholders’ meeting 2012 held on March 9, 2012. It was decided to transfer the RMB60 million of
using of proceeds and proceeds scheduled originally for PSD expanding project over to the energy-saving and PV curtain wall
disclosing project. Upon this adjustment, the total investment on the energy-saving and PV curtain wall project is
RMB270 million, and the investment on PSD expanding project is RMB66.5869 million.
2. Statement on change of projects invested with financing proceeds
[] Applicable; [V] Not applicable
(VII) Revising of business plan for the 2nd half of year by the Board
[] Applicable; [V] Not applicable
(VIII) Prediction of business performance in Jan-Sept 2012
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
[V] Applicable [] Not applicable
Type of data filled for the prediction
[] Actual figures, [v] Interval figures
From the beginning of year to Same period
Changed by (%)
the end of next report period last year
Predicted number of
-- [] increase [v]
accumulative net profit 1,600 -- 2,600 5,305 51.99% -- 69.84%
decrease
(RMB0,000)
Basic earnings per share -- [] increase [v]
0.02 -- 0.03 0.07 57.14% -- 71.43%
(Yuan/share) decrease
Remarks on the prediction It is caused by providing of asset impairment of Shenyang Fangda, which was closed up.
8
China Fangda Group Co., Ltd. Interim Report 2012 Summary
(IX) Statement of the Board on the “non-standard auditors’ report” issued by the CPA on the
current report period
[] Applicable; [V] Not applicable
(X) Statement of the Board on the variation and treatment of events that involved in the
“non-standard auditors’ report” issued by the CPA on previous fiscal year
[] Applicable; [V] Not applicable
VI. Significant Events
(I) Acquisition, dispsal, or reconstruction of assets
1. Acquisition of assets
[] Applicable; [V] Not applicable
Statement on acquisition of assets.
2. Disposal of assets
[] Applicable; [V] Not applicable
Statement on disposal of assets.
3. Since releasing of capital reconstruction report or asset acquisition or disposal report, their progress and
influences on the business performance and financial positions.
[] Applicable; [V] Not applicable
(II) Guarantee issues
[V] Applicable [] Not applicable
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
Amount of Actual date of
Amount of Related
Guarantee provided guarantee occurring Actual amount Type of Complete
the Term party or
to and date of (signing date of of guarantee guarantee d or not
guarantee not
disclosure agreements
Total of external guarantee
Total of external guarantee
0 actually occurred in the report 0
approved in the report term (A1)
term (A2)
Total of external guarantee Total of external guarantee
approved as of end of report term 0 actually occurred as of end of 0
(A3) report term (A4)
Guarantee provided to controlled subsidiaries
Guarantee provided Amount of Amount of Actual date of Actual amount Type of Complete Related
guarantee occurring Term
to the of guarantee guarantee d or not party or
and date of (signing date of
9
China Fangda Group Co., Ltd. Interim Report 2012 Summary
disclosure guarantee agreements not
since engage
of contract
Mar 25,
Fangda Decoration 30,000 July 11 2011 29,789.47 Guaranteed to 2 years No No
2011
upon due of
debt
since engage
of contract
Mar 10,
Fangda Decoration 12,000 May 24, 2012 7,920 Guaranteed to 2 years No No
2012
upon due of
debt
since engage
of contract
May 11,
Fangda Decoration 15,000 Jun 21, 2012 1,117.8 Guaranteed to 2 years No No
2012
upon due of
debt
since engage
of contract
Mar 25,
Fangda Automatic 25,000 July 11 2011 4,642.79 Guaranteed to 2 years No No
2011
upon due of
debt
since engage
of contract
Mar 25,
Fangda Automatic 6,000 Dec 20, 2011 3,171.48 Guaranteed to 2 years No No
2011
upon due of
debt
since engage
of contract
Aug 19,
Fangda Automatic 1,651.87 Sept 29 2010 1,651.87 Guaranteed to 2 years No No
2010
upon due of
debt
since engage
of contract
Fangda New Mar 10,
5,800 Jun 6 2012 4,206.62 Guaranteed to 2 years No No
Material 2012
upon due of
debt
since engage
of contract
Fangda New Mar 04, October 30
3,500 3,500 Guaranteed to 2 years No No
Material 2011 2011
upon due of
debt
Total of guarantee to
Total of guarantee to subsidiaries
144,300 subsidiaries actually occurred 30,033.61
approved in the report term (B1)
in the report term (B2)
Total of balance of guarantee
Total of guarantee to subsidiaries
actually provided to the
approved as of the report term 144,300 56,000.04
subsidiaries as of end of report
(B3)
term (B4)
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the Total of guarantee occurred in
144,300 30,033.61
report term (A1+B1) the report term (A2+B2)
Total of guarantee approved as of Total of guarantee occurred as
144,300 56,000.04
end of report term (A3+B3) of the end of report term
Percentage of the total guarantee occurred (A4+B4) on net asset
52.15%
of the Company
In which:
Guarantees provided to the shareholders, substantial controllers
0
and the related parties (C)
Guarantee provided directly or indirectly to objects with over 0
10
China Fangda Group Co., Ltd. Interim Report 2012 Summary
70% of liability on asset ratio (D)
Amount of guarantee over 50% of the net asset (E) 2,307.87
Total of the above 3 * (C+D+E) 2,307.87
Statement on the possible joint liabilities on the guarantees not
None
due yet
Remarks on illegal providing of external guarantee None
(III) Non-operational capital interchange with related parties
[] Applicable; [V] Not applicable
(IV) Material lawsuit or arbitration
[] Applicable; [V] Not applicable
(V) Influence and resolutions of other material events
[] Applicable; [V] Not applicable
1. Securities investment
[] Applicable; [V] Not applicable
Statement on securities investment
2. Holding of other PLC’s shares
[V] Applicable [] Not applicable
Change of
Original Share portion Book value at Gain/loss in owners’
Accounting Source of
Stock Code Stock ID investment in the end of period report period equity in the
subject shares
cost (RMB) investee % (RMB) (RMB) report period
(RMB)
Available-for
ST -sale Debt paid in
600800 Magnetic 4,850,000 0.11% 2,072,000 0 -94,500
financial kind
Card asset
Total 4,850,000 -- 2,072,000 0 -94,500 -- --
Statement on holding of other PLC’s shares.
3. Capital appropriation and progress of settlement in report period
[] Applicable; [V] Not applicable
The penalty plan proposed by the Board if the clearing of non-operational capital appropriation is not completed till the end of report
period.
[] Applicable; [V] Not applicable
4 Fulfilling of commitment issues
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; [V] Not applicable
5. Profit distribution or capitalizing of reserves proposed by the Board
11
China Fangda Group Co., Ltd. Interim Report 2012 Summary
[] Applicable; [V] Not applicable
6. Other misc income accounts
In RMB Yuan
Items Occurred current term Occurred in previous term
1. Amount of gain (loss) from sellable financial assets -126,000 -35,000
Less: Income tax influence of available-for-sale financial assets -31,500 -8,400
Net amount written into other gains and transferred into gain/loss in
previous terms
Sub-total -94,500 -26,600
2. Share in other misc. income of the invested company 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 gain (loss) from cash flow hedging instruments
Less: Income tax influence of cash flow hedge instruments
Net amount written into other gains and transferred into gain/loss in
previous terms
Adjusted amount transferred to initial amount of the target project
Sub-total
4. Difference in translating of foreign currency accounts
Less: Net amount of disposing overseas business and transferred to
current gain/loss
Sub-total
5. Others 91,831.63
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 91,831.63
Total -2,668.37 -26,600
(VI) Reception of visiting, investigating, and communicating requests in the report term were
as the followings
Main content involved
Time/date Place Way Type of visitors Visitors
and material provided
Telephone Business operation and
Jan 1 to Jun 30, 2012 Off site reception Individual Public investor
communication future development
VII. Financial Report
(I) Auditors’ opinions
If the Interim Report is audited
12
China Fangda Group Co., Ltd. Interim Report 2012 Summary
[] Yes [V] No
(II) Financial Statements
Consolidated or not?
[V] Yes [] No
1. Consolidated Balance Sheet
Prepared by China Fangda Group Co., Ltd.
In RMB
Items Note Closing balance Openning balance
Current asset:
Monetary capital 332,471,292.44 324,780,350.77
Settlement provision
Outgoing call loan
Transactional financial assets 0 0
Notes receivable 600,000 6,303,353.88
Account receivable 719,969,187.64 664,333,498.11
Prepayment 25,967,125.4 25,444,369.81
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 156,849.92 201,961.11
Dividend receivable
Other account receivable 67,353,960.25 53,412,523.94
Repurchasing of financial assets
Inventories 249,906,875.11 254,419,907.08
Non-current asset due in 1 year
Other current asset 0 0
Total of current asset 1,396,425,290.76 1,328,895,964.7
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset 2,072,000 2,198,000
Expired investment in possess
Long-term receivable
Long-term share equity investment
Investment real estates 274,741,613.47 277,705,949.35
Fixed assets 306,233,660.54 316,775,398.58
Construction in process 160,839,136.23 81,799,896.43
Engineering goods
Fixed asset disposal 24,597.9
Production physical assets
Gas & petrol
Intangible assets 108,032,516.19 110,599,955.27
R&D expense 911,533.63 914,683.63
Goodwill 8,197,817.29 8,197,817.29
Long-term amortizable expenses 2,410,929.95 2,600,195.3
13
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Differed income tax asset 32,727,650.2 33,637,737.59
Other non-current asset
Total of non-current assets 896,191,455.4 834,429,633.44
Total of assets 2,292,616,746.16 2,163,325,598.14
Current liabilities
Short-term loans 515,500,000 387,000,000
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 67,030,164.23 39,058,058.47
Account payable 323,220,777.67 324,340,008.15
Prepayment received 115,360,697.22 124,950,664.78
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 11,230,262.98 20,432,966.02
Tax payable 29,150,341.5 41,002,265.87
Interest payable 699,982 780,979.73
Dividend payable
Other account payable 37,867,880.14 36,783,207.38
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 1,100,060,105.74 974,348,150.4
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable 11,200 14,700
Special payable
Anticipated liabilities 93,130.9 288,000
Differed income tax liability 34,565,632.07 32,597,637.16
Other non-recurring liabilities 3,915,000 4,020,000
Total of non-current liabilities 38,584,962.97 36,920,337.16
Total of liability 1,138,645,068.71 1,011,268,487.56
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 756,909,905 756,909,905
Capital reserves 80,476,825.55 80,479,493.92
Less: Shares in stock
Special reserves
Surplus reserves 24,676,077.16 24,676,077.16
Common risk provision
Retained profit 224,421,265.97 211,777,968.57
Different of foreign currency translation
14
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Total of owner’s equity belong to the parent company 1,086,484,073.68 1,073,843,444.65
Minor shareholders’ equity 67,487,603.77 78,213,665.93
Total of owners’ equity (or shareholders’ equity) 1,153,971,677.45 1,152,057,110.58
Total of liability and shareholders’ equity (or owners’ equity) 2,292,616,746.16 2,163,325,598.14
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
In RMB
Items Note Closing balance Openning balance
Current asset:
Monetary capital 18,544,963.54 24,587,261.8
Transactional financial assets
Notes receivable
Account receivable 5,519,788.05 5,603,561.8
Prepayment 4,405 122,369
Interest receivable
Dividend receivable 57,338,200 57,338,200
Other account receivable 240,766,931.37 265,169,612.63
Inventories
Non-current asset due in 1 year
Other current asset
Total of current asset 322,174,287.96 352,821,005.23
Non-current assets
Available-for-sale financial asset 2,072,000 2,198,000
Expired investment in possess
Long-term receivable
Long-term share equity investment 659,733,745.58 659,733,745.58
Investment real estates 268,550,870.47 271,841,967.35
Fixed assets 67,207,314.6 57,299,884.44
Construction in process 929,884.24 298,019.24
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 9,649,835.57 9,910,673.85
R&D expense
Goodwill
Long-term amortizable expenses
Differed income tax asset 13,816,226.33 14,415,297.03
Other non-current asset
Total of non-current assets 1,021,959,876.79 1,015,697,587.49
Total of assets 1,344,134,164.75 1,368,518,592.72
Current liabilities
Short-term loans 210,000,000 210,000,000
Trade off financial liabilities
15
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Notes payable
Account payable 1,851,490.36 1,851,490.36
Prepayment received 693,045.6 693,045.6
Employees’ wage payable 566,563.17 1,251,357.38
Tax payable 664,839.44 655,031.17
Interest payable 401,800 441,980
Dividend payable 655,031.17
Other account payable 34,131,547.35 66,697,963.87
Non-current liability due in 1 year
Other current liability 66,697,963.87
Total of current liability 248,309,285.92 281,590,868.38
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Differed income tax liability 34,105,345.16 32,186,364.4
Other non-recurring liabilities
Total of non-current liabilities 34,105,345.16 32,186,364.4
Total of liability 282,414,631.08 313,777,232.78
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 756,909,905 756,909,905
Capital reserves 41,076,170.17 41,078,838.54
Less: Shares in stock
Special reserves
Surplus reserves 24,676,077.16 24,676,077.16
Retained profit 239,057,381.34 232,076,539.24
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 1,061,719,533.67 1,054,741,359.94
Total of liability and shareholders’ equity (or owners’ equity) 1,344,134,164.75 1,368,518,592.72
3. Consolidated Income Statement
In RMB
Amount of the Current Amount of the Previous
Items Note
Term Term
I. Total revenue 529,289,597.8 579,154,393.68
Incl. Business income 529,289,597.8 579,154,393.68
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 528,136,264.96 534,439,453.17
Incl. Business cost 418,086,030.44 460,275,267.38
Interest expense
Fee and commission paid
Insurance discharge payment
16
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 9,750,997.72 8,780,225.31
Sales expense 15,164,029.76 14,037,722.42
Administrative expense 55,896,227.34 46,225,304.98
Financial expenses 11,361,459.25 8,807,786.28
Asset impairment loss 17,877,520.45 -3,686,853.2
Plus: gains from change of fair value (“-“ for loss) 5,936,670.15 5,082,327.66
Investment gains (“-“ for loss) 0 15,342.47
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 7,090,002.99 49,812,610.64
Plus: non-operational income 3,154,994.5 5,461,800.64
Less: non-operational expenditure 420,305.21 589,873.95
Incl. Loss from disposal of non-current assets 134,421.19 247,866.36
IV. Gross profit (“-“ for loss) 9,824,692.28 54,684,537.33
Less: Income tax expenses 7,907,457.04 10,564,437.14
V. Net profit (“-“ for net loss) 1,917,235.24 44,120,100.19
Including: Net profit realized by the entity taken over before the
0 0
takover
Net profit attributable to the owners of parent company 12,643,297.4 46,094,698.26
Minor shareholders’ equity -10,726,062.16 -1,974,598.07
VI. Earnings per share: -- --
(I) Basic earnings per share 0.02 0.06
(II) Diluted earnings per share 0.02 0.06
VII. Other misc. incomes -2,668.37 -26,600
VIII. Total of misc. incomes 1,914,566.87 44,093,500.19
Total of misc. incomes attributable to the owners of the parent
12,640,629.03 46,068,098.26
company
Total misc gains attributable to the minor shareholders -10,726,062.16 -1,974,598.07
Net profit contributed by entities merged under common control in the report period was RMB0.
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Income Statement of the Parent Co.
In RMB
Items Note Amount of the Current Term Amount of the Previous Term
I. Turnover 22,293,459.72 20,049,926.08
Less: Operation cost 4,730,478.42 5,151,318.51
Business tax and surcharge 1,801,110.33 1,197,342.53
Sales expense -15,831.98 251,166.98
Administrative expense 9,113,577.56 9,792,692.82
Financial expenses 3,474,277.89 1,922,691.95
Asset impairment loss 122,857.23 -802,130.54
Plus: gains from change of fair value (“-“ for loss) 5,609,909.15 4,547,127.66
17
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Investment gains (“-“ for loss) 0 0
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 8,676,899.42 7,083,971.49
Plus: Non business income 910,170.78 461,369.27
Less: Non-business expenses 56,676.64 430,763.39
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) 9,530,393.56 7,114,577.37
Less: Income tax expenses 2,549,551.46 1,639,557.29
IV. Net profit (“-“ for net loss) 6,980,842.1 5,475,020.08
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains -2,668.37 -26,600
VII. Total of integrated income 6,978,173.73 5,448,420.08
5. Consolidated Cash Flow Statement
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 488,949,208.73 572,717,719.7
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 1,171,203.29 2,196,998.64
Other cash received from business operation 31,104,199.38 34,846,329.66
Sub-total of cash inflow from business activities 521,224,611.4 609,761,048
Cash paid for purchasing of merchandise and services 415,468,117.93 483,715,194.88
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 59,680,101.99 44,761,059.84
Taxes paid 43,842,326.44 30,109,619.02
Other cash paid for business activities 70,303,817.97 63,335,464.74
Sub-total of cash outflow from business activities 589,294,364.33 621,921,338.48
Cash flow generated by business operation, net -68,069,752.93 -12,160,290.48
II. Cash flow generated by investing
18
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Cash received from investment retrieving
Cash received as investment profit 15,342.47
Net cash retrieved from disposal of fixed assets, intangible assets, and
1,098,900 9,372
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 2,180,644.64
Sub-total of cash inflow due to investment activities 3,279,544.64 24,714.47
Cash paid for construction of fixed assets, intangible assets and other
47,681,003.19 16,693,359.7
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 887,100
Sub-total of cash outflow due to investment activities 48,568,103.19 16,693,359.7
Net cash flow generated by investment -45,288,558.55 -16,668,645.23
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 359,500,000 90,000,000
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 359,500,000 90,000,000
Cash to repay debts 231,000,000 104,000,000
Cash paid as dividend, profit, or interests 14,395,048.68 10,220,855.72
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 15,150,000 111,983.72
Subtotal of cash outflow due to financing activities 260,545,048.68 114,332,839.44
Net cash flow generated by financing 98,954,951.32 -24,332,839.44
IV. Influence of exchange rate alternation on cash and cash equivalents 7,703.27 -7,826.45
V. Net increase of cash and cash equivalents -14,395,656.89 -53,169,601.6
Plus: Balance of cash and cash equivalents at the beginning of term 300,177,008.78 468,878,715.15
VI. Balance of cash and cash equivalents at the end of term 285,781,351.89 415,709,113.55
6. Cash Flow Statement of the Parent Co.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 17,684,620.78 20,736,668.55
Tax returned
Other cash received from business operation 4,122,888.12 1,088,056.36
Sub-total of cash inflow from business activities 21,807,508.9 21,824,724.91
Cash paid for purchasing of merchandise and services 5,635,577.54 5,182,338.56
Cash paid to staffs or paid for staffs 4,570,911.79 4,010,180.73
Taxes paid 2,169,865.52 1,967,285.81
Other cash paid for business activities 5,075,694.39 5,435,520.75
Sub-total of cash outflow from business activities 17,452,049.24 16,595,325.85
19
China Fangda Group Co., Ltd. Interim Report 2012 Summary
Cash flow generated by business operation, net 4,355,459.66 5,229,399.06
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit
Net cash retrieved from disposal of fixed assets, intangible assets, and
900 8,040
other long-term assets
Net cash received from disposal of subsidiaries or other operational units 0
Other investment-related cash received 0
Sub-total of cash inflow due to investment activities 900 17,008,040
Cash paid for construction of fixed assets, intangible assets and other
3,037,035 429,778
long-term assets
Cash paid as investment
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 3,037,035 429,778
Net cash flow generated by investment -3,036,135 16,578,262
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Other financing-related cash received
Subtotal of cash inflow from financing activities 0 0
Cash to repay debts 12,847,054.29
Cash paid as dividend, profit, or interests 7,352,940 5,100,550
Other cash paid for financing activities 111,983.72
Subtotal of cash outflow due to financing activities 7,352,940 18,059,588.01
Net cash flow generated by financing -7,352,940 -18,059,588.01
IV. Influence of exchange rate alternation on cash and cash equivalents
V. Net increase of cash and cash equivalents -6,033,615.34 3,748,073.05
Plus: Balance of cash and cash equivalents at the beginning of term 24,337,261.8 30,252,759.44
VI. Balance of cash and cash equivalents at the end of term 18,303,646.46 34,000,832.49
7. Statement of Change in Owners’ Equity (Consolidated)
Amount of the Current Term
In RMB
Amount of the Current Term
Owners’ Equity Attributable to the Parent Company
Items Capital Minor Total of
Less: Common shareholders owners’
paid in (or Capital Special Surplus Retained
Shares in risk Others ’ equity equity
share reserves reserves reserves profit
stock provision
capital)
756,909,9 80,479,49 24,676,07 211,777,9 78,213,665. 1,152,057,11
I. Balance at the end of last year
05 3.92 7.16 68.57 93 0.58
Plus: Change of accounting
policy
Correcting of previous
errors
Others
II. Balance at the beginning of current 756,909,9 80,479,49 24,676,07 211,777,9 78,213,665. 1,152,057,11
year 05 3.92 7.16 68.57 93 0.58
III. Amount of change in current term 12,643,29 -10,726,062
-2,668.37 1,914,566.87
(“-“ for decrease) 7.4 .16
20
China Fangda Group Co., Ltd. Interim Report 2012 Summary
12,643,29 -10,726,062
(I) Net profit 1,917,235.24
7.4 .16
(II) Other misc. income -2,668.37 -2,668.37
12,643,29 -10,726,062
Total of (I) and (II) -2,668.37 1,914,566.87
7.4 .16
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or
to capital shares)
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
756,909,9 80,476,82 24,676,07 224,421,2 67,487,603. 1,153,971,67
IV. Balance at the end of this term
05 5.55 7.16 65.97 77 7.45
Amount of Last Year
In RMB
Amount of Last Year
Owners’ Equity Attributable to the Parent Company
Items Capital Minor Total of
Less: Common shareholders owners’
paid in (or Capital Special Surplus Retained
Shares in risk Others ’ equity equity
share reserves reserves reserves profit
stock provision
capital)
504,606,6 334,434,0 17,834,97 153,115,1 84,337,468. 1,094,328,20
I. Balance at the end of last year
04 14.92 7.97 42.18 25 7.32
Plus: Retrospective adjustment
caused by merger of entities under
common control
Plus: Change of accounting
policy
Correcting of previous
errors
Others
II. Balance at the beginning of current 504,606,6 334,434,0 17,834,97 153,115,1 84,337,468. 1,094,328,20
year 04 14.92 7.97 42.18 25 7.32
III. Amount of change in current term 252,303,3 -252,329, 46,094,69 -1,974,598. 44,093,500.1
(“-“ for decrease) 01 901 8.26 07 9
46,094,69 -1,974,598. 44,120,100.1
(I) Net profit
8.26 07 9
(II) Other misc. income -26,600 -26,600
46,094,69 -1,974,598. 44,093,500.1
Total of (I) and (II) -26,600
8.26 07 9
(III) Investment or decreasing of 0 0 0 0 0 0 0 0 0 0
21
China Fangda Group Co., Ltd. Interim Report 2012 Summary
capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment 0 0 0 0 0 0 0 0 0 0
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’ 252,303,3 -252,303,
0 0 0 0 0 0 0 0
equity 01 301
1. Capitalizing of capital reserves (or 252,303,3 -252,303,
to capital shares) 01 301
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
756,909,9 80,479,49 24,676,07 211,777,9 78,213,665. 1,152,057,11
IV. Balance at the end of this term
05 3.92 7.16 68.57 93 0.58
8. Statement of Change in Owners’ Equity (Parent Co.)
Amount of the Current Term
In RMB
Amount of the Current Term
Items Capital paid Total of
Capital Less: Shares Special Surplus Common risk Retained
in (or share owners’
reserves in stock reserves reserves provision profit
capital) equity
41,078,838.5 24,676,077.1 232,076,539. 1,054,741,35
I. Balance at the end of last year 756,909,905
4 6 24 9.94
Plus: Change of accounting policy
Correcting of previous errors
Others
II. Balance at the beginning of current 41,078,838.5 24,676,077.1 232,076,539. 1,054,741,35
756,909,905
year 4 6 24 9.94
III. Amount of change in current term
-2,668.37 6,980,842.1 6,978,173.73
(“-“ for decrease)
(I) Net profit 6,980,842.1 6,980,842.1
(II) Other misc. income -2,668.37 -2,668.37
Total of (I) and (II) -2,668.37 6,980,842.1 6,978,173.73
(III) Investment or decreasing of capital
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
22
China Fangda Group Co., Ltd. Interim Report 2012 Summary
shareholders)
4. Others
(V) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or to
capital shares)
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
41,076,170.1 24,676,077.1 239,057,381. 1,061,719,53
IV. Balance at the end of this term 756,909,905
7 6 34 3.67
Amount of Last Year
In RMB
Amount of Last Year
Items Capital paid Total of
Capital Less: Shares Special Surplus Common risk Retained
in (or share owners’
reserves in stock reserves reserves provision profit
capital) equity
295,033,359. 17,834,977.9 170,506,646. 987,981,588.
I. Balance at the end of last year 504,606,604
54 7 52 03
Plus: Change of accounting policy
Correcting of previous errors
Others
II. Balance at the beginning of current 295,033,359. 17,834,977.9 170,506,646. 987,981,588.
504,606,604
year 54 7 52 03
III. Amount of change in current term
252,303,301 -252,329,901 5,475,020.08 5,448,420.08
(“-“ for decrease)
(I) Net profit 5,475,020.08 5,475,020.08
(II) Other misc. income -26,600 -26,600
Total of (I) and (II) -26,600 5,475,020.08 5,448,420.08
(III) Investment or decreasing of capital
0 0 0 0 0 0 0 0
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
(IV) Profit allotment 0 0 0 0 0 0 0 0
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’
252,303,301 -252,303,301 0 0 0 0 0 0
equity
1. Capitalizing of capital reserves (or to
252,303,301 -252,303,301
capital shares)
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
23
China Fangda Group Co., Ltd. Interim Report 2012 Summary
41,078,838.5 24,676,077.1 232,076,539. 1,054,741,35
IV. Balance at the end of this term 756,909,905
4 6 24 9.94
(III) Notes to the financial statements
1. Influences of changes in material accounting policies, accounting estimations, or correction of material
accounting error
(1) Change of accounting policies
Is there any change in accounting policies in the report period
[] Yes [V] No
(2) Change of accounting estimations
Is there any change in accounting estimations in the report period
[] Yes [V] No
(3) Correcting of accounting errors
Is there any accounting error with previous period found in the report period
[] Yes [V] No
2. Statement on change of consolidation range
The consolidation range has changed in the report period for the investment and incorporation of Chengdu New
Material Co., Ltd.
3. If the certified public accounts has issued a non-standard auditor’s report, list the relevant notes to the
issues involved in the report.
24