China Fangda Group Co., Ltd. 2014 First Quarter Report
China Fangda Group Co., Ltd.
2014 First Quarter Report
April 2014
1
China Fangda Group Co., Ltd. 2014 First Quarter Report
I Important Statement
The members of the Board and the Company guarantee that the
quarterly report is free from any false information, misleading statement or
material omission and are jointly and severally liable for the information’s
truthfulness, accuracy and integrity.
Directors other than the following ones have attended the Board meeting to
review the quarterly report.
Name of absent director Position of absent director Reason Name of proxy
Guo Wanda Independent director Business engagement Huang Yaying
Xiong Jianwei Director Business engagement Wang Shengguo
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief
Financial Officer, and Mr. Chen Yonggang, the manager of accounting
department declare: the Financial Report carried in this report is authentic and
completed.
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China Fangda Group Co., Ltd. 2014 First Quarter Report
II. Financial Highlight and Changes in Shareholders
1. Financial Highlight
The Company retroactively adjusts or restates financial statistics of the previous years because of changes in
account policies and correction of accounting errors.
□ Yes √ No
Report period Last period Year-on-year change (%)
Turnover (yuan) 355,756,883.37 302,138,499.27 17.75%
Net profit attributable to shareholders of
11,482,984.40 11,212,202.96 2.42%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 12,517,571.36 10,738,339.51 16.57%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-136,031,996.42 -41,819,154.03
operation (RMB)
Basic earnings per share (yuan/share) 0.0152 0.0148 2.7%
Diluted Earnings per share (yuan/share) 0.0152 0.0148 2.7%
Weighted average net income/asset ratio
0.98% 1.02% -0.04%
(%)
Report period Last year Year-on-year change (%)
Total asset (RMB) 2,727,017,804.82 2,599,557,542.57 4.9%
Net profit attributable to the shareholders
1,149,415,418.10 1,160,639,730.85 -0.97%
of the listed company (RMB)
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount at the end of the
Items Notes
report period
Non-current asset disposal gain/loss (including the write-off part
-1,468,591.23
for which assets impairment provision is made)
Subsidies accounted into the current income account (except the
government subsidy closely related to the enterprise’s business 137,250.67
and based on unified national standard quota)
Other non-business income and expenditures other than the above 29,835.91
Other gain/loss items satisfying the definition of non-recurring Return from reverse report of
57,776.37
gain/loss account treasury bonds
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Less: Influenced amount of income tax -209,141.32
Total -1,034,586.96 --
Explanation statement should be made for accidental gain/loss items defined and accidental
gain/loss items defined as regular gain/loss items according to the Explanation Announcement of
Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
√ Applicable □ Inapplicable
Items Amount Reason
Other gain/loss items
satisfying the definition of
57,776.37 Return from reverse report of treasury bonds
non-recurring gain/loss
account
2. Number of shareholders and top 10 shareholders' shareholding at the end of the report
period
In share
Number of shareholders at the end of
52,310
the reporting period
Top 10 Shareholders
Properties of Shareholding Number of Conditional Pledging or freezing
Shareholder
shareholder (%) shares shares Share status Amount
Shenzhen Banglin
Domestic
Technologies
non-state legal 9.09% 68,774,273 0 Pledged 32,510,000
Development Co.,
person
Ltd.
Shengjiu Investment Foreign legal
4.65% 35,202,057 0
Ltd. person
Shenyin Wanguo
Securities
Others 4% 30,270,000 0
Agreement
Repurchase Account
Domestic natural
Huang Jupei 3.7% 28,017,643 0
person
Domestic
Shenzhen Shilihe
non-state legal 2.36% 17,860,992 0
Investment Co., Ltd.
person
Domestic natural
Wang Shaolin 2.17% 16,411,700 0
person
Jiang Jing Domestic natural 1.41% 10,635,440 0
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China Fangda Group Co., Ltd. 2014 First Quarter Report
person
Bank of
Communication -
Huaan Chuangxin Others 1.04% 7,856,590 0
Securities
Investment Fund
CCB - Huaan
Hi-Tech Stock
Others 0.73% 5,559,583 0
Securities
Investment Fund
Domestic natural
Cao Yifan 0.48% 3,620,865 0
person
Top 10 holders of unconditional shares
Category of shares
Shareholder Amount of shares without sales restriction Category of
Amount
shares
Shenzhen Banglin Technologies RMB common
68,774,273 68,774,273
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 35,202,057 listed in domestic 35,202,057
exchanges
Shenyin Wanguo Securities Agreement RMB common
30,270,000 30,270,000
Repurchase Account shares
RMB common
Huang Jupei 28,017,643 28,017,643
shares
RMB common
Shenzhen Shilihe Investment Co., Ltd. 17,860,992 17,860,992
shares
RMB common
Wang Shaolin 16,411,700 16,411,700
shares
RMB common
Jiang Jing 10,635,440 10,635,440
shares
Bank of Communication - Huaan RMB common
7,856,590 7,856,590
Chuangxin Securities Investment Fund shares
CCB - Huaan Hi-Tech Stock Securities RMB common
5,559,583 5,559,583
Investment Fund shares
Foreign shares
Cao Yifan 3,620,865 listed in domestic 3,620,865
exchanges
Notes to top ten shareholder Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
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China Fangda Group Co., Ltd. 2014 First Quarter Report
relationship or "action in concert" Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. The
Company is not notified of other action-in-concert or related parties among the other
holders of current shares.
Participation by top-10 shareholders in Huang Jupei holds 28,017,643 stocks of the Company through the GF Securities customer
financing bonds (if any) credit transaction guarantee securities account.
Agreed re-purchasing in the report period
√ Yes □ No
The related shareholder of the Shenyin Wanguo Securities Agreement Repurchase Account is Wang Xue. There
were 30,270,000 stocks to be repurchased by the end of the report period, accounting for 4% of the Company's all
stocks.
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China Fangda Group Co., Ltd. 2014 First Quarter Report
III. Significant Events
1. Significant changes to major financial statement items and index in the report period and
reasons
Item Closing amount Opening amount Change Reason
Maturity of instruments and
Notes receivable 13,408,398.15 21,898,770.43 -38.77%
endorsement
Increase in the material
Prepayment 39,130,205.72 28,364,016.21 37.96% prepayment in construction
projects
Short-term loans 615,000,000.00 369,000,000.00 66.67% Additional bank borrowing
Prepayment Income from settlement of
111,843,625.73 168,386,251.94 -33.58%
received projects in progress
Employees’ wage
16,188,559.58 30,182,851.80 -46.37% Payment of annual bonus
payable
Asset impairment
-5,304,966.95 -2,108,809.66 Recovery of receivables
loss
Same period of last
Item This period Change Reason
year
Non-business Loss caused by long-term assets
1,790,684.83 139,892.44 1180.04%
expenses disposal
Cash flow
generated by Increase in projects in progress,
-136,031,996.42 -41,819,154.03
business account payment and guarantees
operations, net
Cash flow
Payment of Dongguan
generated by
-3,481,685.95 -15,633,266.86 Songshanhu project in the same
investment
period last year
activities, net
Net cash flow
generated by Additional short-term bank
239,340,250.00 -2,893,348.89
financing borrowing
activities
2. Progress of significant events and their impacts and solutions
The progress of the Fangda Town renovation project: The 27th meeting of the 6th Board of Directors held on
January 7, 2014 and 2014 First Extraordinary Shareholders' Meeting held on January 24, 2014 approved the
proposal of investment in Fangda Town renovation project through Shenzhen Fangda Property Development with
a total investment of about RMB2.5 billion. Currently, buildings on the land have been removed and the project is
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China Fangda Group Co., Ltd. 2014 First Quarter Report
implemented as planned.
Significant events Date of disclosure Disclosure sources
Announcement of Resolutions of the 27th
Meeting of the 6th Board of Directors
(2014-03), Announcement on Investment in
Fangda Town Renovation Project January 9, 2014 www.cninfo.com.cn
(2014-04), Notice on Holding on 2014 First
Extraordinary Shareholder Meeting
(2014-05)
Announcement on Resolutions of the 2014
Extraordinary Shareholders' Meeting January 25, 2014 www.cninfo.com.cn
(2014-08)
3. Commitments of shareholders with over 5% of shares made in the report term or carried
over from previous terms
4. Forecast of operating performance between January and June in 2014
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the
year and the end of the next report period
□ Applicable √ Inapplicable
5. Securities investment: None
6. Derivative investment: None
7. Reception of investigations, communications, or interviews in the reporting period
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Industrial
Securities,
Onsite Business and future
March 13, 2014 Shenzhen Institution Goldstate
investigation development
Securities and
Guosen Securities
Onsite Business and future
March 18, 2014 Shenzhen Institution Sinolink Securities
investigation development
Onsite Business and future
March 19, 2014 Shenzhen Institution Essence Securities
investigation development
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China Fangda Group Co., Ltd. 2014 First Quarter Report
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 396,271,051.50 333,876,921.97
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 13,408,398.15 21,898,770.43
Account receivable 905,792,590.09 898,780,981.93
Prepayment 39,130,205.72 28,364,016.21
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 1,516.67 36,387.50
Dividend receivable
Other receivables 67,586,051.63 66,298,730.17
Repurchasing of financial assets
Inventory 438,979,964.25 428,537,851.82
Non-current assets due in 1 year
Other current assets 49,900,000.00
Total current assets 1,911,069,778.01 1,777,793,660.03
Non-current assets:
Disburse of consigned loans
Sellable financial assets
Investment held until mature
Long-term receivable
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Long-term share equity investment 10,029,843.23 9,994,565.55
Investment real estate 200,818,277.86 195,249,069.13
Fixed assets 449,594,008.18 462,930,269.98
Construction in process 91,662.00 940,841.00
Engineering materials
Disposal of fixed assets 104,668.48 177,298.11
Productive biological assets
Gas & petrol
Intangible assets 91,930,973.07 91,527,650.52
R&D expense
Goodwill
Long-term amortizable expenses 3,929,323.99 3,799,354.79
Deferred income tax assets 41,470,480.10 41,166,043.56
Other non-current assets 17,978,789.90 15,978,789.90
Total of non-current assets 815,948,026.81 821,763,882.54
Total of assets 2,727,017,804.82 2,599,557,542.57
Current liabilities
Short-term loans 615,000,000.00 369,000,000.00
Loans from Central Bank
Deposit received and held for
others
Call loan received
Transactional financial liabilities
Notes payable 181,586,352.40 188,570,850.63
Account payable 436,318,820.89 489,216,140.32
Prepayment received 111,843,625.73 168,386,251.94
Selling of repurchased financial
assets
Fees and commissions payable
Employees’ wage payable 16,188,559.58 30,182,851.80
Taxes payable 47,002,388.78 44,839,947.77
Interest payable 860,271.66 689,153.75
Dividend payable 22,707,297.15
Other payables 40,512,208.30 41,687,580.72
Reinsurance fee payable
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liabilities due in 1
year
Other current liabilities
Total current liabilities 1,472,019,524.49 1,332,572,776.93
Non-current liabilities:
Long-term loans
Bond payable
Long-term payable
Special payables
Anticipated liabilities
Deferred income tax liabilities 40,754,247.65 40,656,763.97
Other non-current liabilities 10,158,883.06 10,255,823.93
Total of non-current liabilities 50,913,130.71 50,912,587.90
Total liabilities 1,522,932,655.20 1,383,485,364.83
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 79,191,052.01 79,191,052.01
Less: Shares in stock
Special reserves
Surplus reserves 46,389,142.21 46,389,142.21
Common risk provisions
Retained profit 266,925,318.88 278,149,631.63
Difference caused by translation of
foreign currency statements
Total of owner’s equity belong to the
1,149,415,418.10 1,160,639,730.85
parent company
Minor shareholders’ equity 54,669,731.52 55,432,446.89
Total of owners’ equity (or
1,204,085,149.62 1,216,072,177.74
shareholders’ equity)
Total of liability and owners’ equity (or
2,727,017,804.82 2,599,557,542.57
shareholders’ equity)
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 167,023,331.32 68,223,808.76
Transactional financial assets
Notes receivable
Account receivable 604,459.49 604,459.49
Prepayment 53,119.57 218,984.07
Interest receivable
Dividend receivable 39,356,000.00 39,356,000.00
Other receivables 433,474,853.01 571,620,659.73
Inventory
Non-current assets due in 1 year
Other current assets
Total current assets 640,511,763.39 680,023,912.05
Non-current assets:
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 719,763,588.81 719,728,311.13
Investment real estate 174,778,756.62 174,778,756.62
Fixed assets 49,586,747.58 48,117,849.19
Construction in process 50,542.00 914,126.00
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,104,567.42 1,351,845.98
R&D expense
Goodwill
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Long-term amortizable expenses 88,716.60 50,314.43
Deferred income tax assets 12,974,211.69 12,342,430.37
Other non-current assets
Total of non-current assets 959,347,130.72 957,283,633.72
Total of assets 1,599,858,894.11 1,637,307,545.77
Current liabilities
Short-term loans 200,000,000.00 104,000,000.00
Transactional financial liabilities
Notes payable
Account payable 1,849,090.36 1,849,090.36
Prepayment received 693,045.60 798,586.70
Employees’ wage payable 873,448.76 1,881,681.86
Taxes payable -6,959.10 260,761.30
Interest payable 378,730.00 193,930.00
Dividend payable 22,707,297.15
Other payables 62,194,537.94 192,765,065.68
Non-current liabilities due in 1
year
Other current liabilities
Total current liabilities 288,689,190.71 301,749,115.90
Non-current liabilities:
Long-term loans
Bond payable
Long-term payable
Special payables
Anticipated liabilities
Deferred income tax liabilities 88,712,857.94 88,615,374.26
Other non-current liabilities
Total of non-current liabilities 88,712,857.94 88,615,374.26
Total liabilities 377,402,048.65 390,364,490.16
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 756,909,905.00 756,909,905.00
Capital reserves 38,690,396.63 38,690,396.63
Less: Shares in stock
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Special reserves
Surplus reserves 46,389,142.21 46,389,142.21
Common risk provisions
Retained profit 380,467,401.62 404,953,611.77
Difference caused by translation of
foreign currency statements
Total of owners’ equity (or
1,222,456,845.46 1,246,943,055.61
shareholders’ equity)
Total of liability and owners’ equity (or
1,599,858,894.11 1,637,307,545.77
shareholders’ equity)
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
3. Consolidated Income Statement
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Total revenue 355,756,883.37 302,138,499.27
Incl. Business income 355,756,883.37 302,138,499.27
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 341,772,009.46 289,590,078.03
Incl. Business cost 293,391,122.49 243,466,859.90
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 5,730,224.57 5,489,190.64
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Sales expense 8,701,307.65 7,449,955.01
Administrative expense 33,628,424.84 29,444,607.89
Financial expenses 5,625,896.86 5,848,274.25
Asset impairment loss -5,304,966.95 -2,108,809.66
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for
93,054.05
loss)
Incl. Investment gains from
35,277.68
affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 14,077,927.96 12,548,421.24
Plus: non-operational income 551,881.06 470,670.70
Less: non-operational expenditure 1,790,684.83 139,892.44
Incl. Loss from disposal of
1,475,955.63
non-current assets
4. Gross profit (“-“ for loss) 12,839,124.19 12,879,199.50
Less: Income tax expenses 2,118,855.16 2,650,162.94
5. Net profit (“-“ for net loss) 10,720,269.03 10,229,036.56
Including: Net profit realized by
the entity taken over before the takeover
Net profit attributable to the
11,482,984.40 11,212,202.96
owners of parent company
Minor shareholders’ equity -762,715.37 -983,166.40
6. Earnings per share: -- --
(1) Basic earnings per share 0.0152 0.0148
(2) Diluted earnings per share 0.0152 0.0148
7. Other misc. incomes
8. Total of misc. incomes 10,720,269.03 10,229,036.56
Total of misc. incomes attributable
11,482,984.40 11,212,202.96
to the owners of the parent company
Total misc gains attributable to the
-762,715.37 -983,166.40
minor shareholders
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
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China Fangda Group Co., Ltd. 2014 First Quarter Report
4. Income Statement of the Parent Company
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Turnover 7,254,079.85 11,101,795.78
Less: Operation cost 883,388.21 1,692,044.22
Business tax and surcharge 582,497.54 853,134.21
Sales expense 0.00
Administrative expense 5,710,805.48 5,186,724.98
Financial expenses 2,152,949.71 1,321,007.72
Asset impairment loss -33,017.42 10,369.17
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for
35,277.68
loss)
Incl. Investment gains from
35,277.68
affiliates and joint ventures
2. Operational profit (“-“ for loss) -2,007,265.99 2,038,515.48
Plus: non-operational income 7,757.02 254,412.58
Less: non-operational expenditure 313,701.67 38,963.80
Incl. Loss from disposal of
113,701.67
non-current assets
3. Gross profit (“-“ for loss) -2,313,210.64 2,253,964.26
Less: Income tax expenses -534,297.64 613,506.54
4. Net profit (“-“ for net loss) -1,778,913.00 1,640,457.72
5. Earnings per share: -- --
(1) Basic earnings per share
(2) Diluted earnings per share
6. Other misc. incomes
7. Total of misc. incomes -1,778,913.00 1,640,457.72
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
5. Consolidated Cash Flow Statement
Prepared by: China Fangda Group Co., Ltd.
In RMB
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Items Amount of the Current Term Amount of the Previous Term
1. Net cash flow from business
operations:
Cash received from sales of
327,320,310.44 356,313,687.92
products and providing of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central
bank
Net increase of inter-bank loans
from other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial
asset disposal
Cash received as interest,
processing fee, and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax refunded 57,932.17 412,423.51
Other cash received from business
37,109,217.85 11,489,648.25
operation
Sub-total of cash inflow from business
364,487,460.46 368,215,759.68
operations
Cash paid for purchasing products
379,515,482.34 322,948,509.20
and services
Net increase of client trade and
advance
Net increase of savings in central
bank and brother company
Cash paid for original contract
claim
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 56,720,544.81 44,188,117.01
Taxes paid 14,516,817.48 15,223,162.90
Other cash paid for business
49,766,612.25 27,675,124.60
activities
Sub-total of cash outflow from business
500,519,456.88 410,034,913.71
operations
Cash flow generated by business
-136,031,996.42 -41,819,154.03
operations, net
2. Cash flow generated by investment:
Cash received from investment
recovery
Cash received as investment profit 58,267.73
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 3,044,140.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
48,500.00 320,000.00
received
Sub-total of cash inflow generated from
3,150,907.73 320,000.00
investment
Cash paid for construction of fixed
assets, intangible assets and other 6,502,093.68 15,333,266.86
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment 130,500.00 620,000.00
Subtotal of cash outflows 6,632,593.68 15,953,266.86
Cash flow generated by investment
-3,481,685.95 -15,633,266.86
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
246,000,000.00 70,000,000.00
loans
Cash received from bond placing
Other cash received from financing
activities
Subtotal of cash inflow from financing
246,000,000.00 70,000,000.00
activities
Cash paid to repay debts 70,000,000.00
Cash paid as dividend, profit, or
6,659,750.00 2,879,348.89
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
14,000.00
activities
Subtotal of cash outflow from financing
6,659,750.00 72,893,348.89
activities
Net cash flow generated by financing
239,340,250.00 -2,893,348.89
activities
4. Influence of exchange rate changes
26,330.43
on cash and cash equivalents
5. Net increase in cash and cash
99,852,898.06 -60,345,769.78
equivalents
Plus: Balance of cash and cash
285,237,255.38 240,167,372.86
equivalents at the beginning of term
6. Balance of cash and cash equivalents
385,090,153.44 179,821,603.08
at the end of the period
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
6. Cash Flow Statement of the Parent Company
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
1. Net cash flow from business
operations:
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Cash received from sales of
6,692,417.04 8,169,934.61
products and providing of services
Tax refunded
Other cash received from business
351,667,932.11 191,795,251.63
operation
Sub-total of cash inflow from business
358,360,349.15 199,965,186.24
operations
Cash paid for purchasing products
1,503,641.21 2,424,177.52
and services
Cash paid to and for the staff 4,431,296.48 3,705,028.10
Taxes paid 704,468.11 1,231,378.90
Other cash paid for business
390,871,370.64 72,398,587.99
activities
Sub-total of cash outflow from business
397,510,776.44 79,759,172.51
operations
Cash flow generated by business
-39,150,427.29 120,206,013.73
operations, net
2. Cash flow generated by investment:
Cash received from investment
recovery
Cash received as investment profit
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 45,036,600.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated from
45,036,600.00
investment
Cash paid for construction of fixed
assets, intangible assets and other 811,150.15 60,395.60
long-term assets
Cash paid as investment 40,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 811,150.15 40,060,395.60
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China Fangda Group Co., Ltd. 2014 First Quarter Report
Cash flow generated by investment
44,225,449.85 -40,060,395.60
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
96,000,000.00
loans
Cash received from bond placing
Other cash received from financing
activities
Subtotal of cash inflow from financing
96,000,000.00
activities
Cash paid to repay debts 70,000,000.00
Cash paid as dividend, profit, or
2,275,500.00 2,629,348.89
interests
Other cash paid for financing
14,000.00
activities
Subtotal of cash outflow from financing
2,275,500.00 72,643,348.89
activities
Net cash flow generated by financing
93,724,500.00 -72,643,348.89
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
98,799,522.56 7,502,269.24
equivalents
Plus: Balance of cash and cash
67,973,808.76 25,540,604.84
equivalents at the beginning of term
6. Balance of cash and cash equivalents
166,773,331.32 33,042,874.08
at the end of the period
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Auditor's report
The first quarterly report of the company is not audited.
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