China Fangda Group Co., Ltd. 2014 Q3 Report Text
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2014-50
China Fangda Group Co., Ltd. 2014 Q3 Report Text
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
I Important Statement
The members of the Board and the Company guarantee that the quarterly report is free from any false
information, misleading statement or material omission and are jointly and severally liable for the information’s
truthfulness, accuracy and integrity.
All the Directors have attended the meeting of the board meeting at which this report was examined.
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief Financial Officer, and Mr. Chen
Yonggang, the manager of accounting department declare: the Financial Report carried in this report is authentic
and completed.
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
II Financial Highlight and Changes in Shareholders
1. Financial Highlight
The Company retroactively adjusts or restates financial statistics of the previous years because of changes in
account policies and correction of accounting errors.
□ Yes √ No
End of the report period End of last year Year-on-year change
Total asset (RMB) 3,504,823,683.92 2,599,557,542.57 34.82%
Net profit attributable to the
shareholders of the listed company 1,197,232,829.31 1,160,639,730.85 3.15%
(RMB)
Between beginning of the
Year-on-year Change from the same
This report period year to the end of the
change (%) period last year
report period
Turnover (yuan) 500,074,083.72 13.23% 1,322,866,822.74 12.25%
Net profit attributable to
shareholders of the listed company 18,530,437.37 6.79% 59,300,395.61 4.56%
(yuan)
Net profit attributable to the
shareholders of the listed company
14,035,814.91 -15.40% 53,705,363.29 -0.88%
and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-- -- -354,082,741.68 -1,918.86%
business operation (RMB)
Basic earnings per share
0.03 50.00% 0.08 14.29%
(yuan/share)
Diluted Earnings per share
0.03 50.00% 0.08 14.29%
(yuan/share)
Weighted average net
1.56% 0.05% 5.05% -0.03%
income/asset ratio
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
Non-current asset disposal gain/loss (including the write-off part
-1,339,032.85
for which assets impairment provision is made)
Subsidies accounted into the current income account (except the
government subsidy closely related to the enterprise’s business 1,516,299.51
and based on unified national standard quota)
Earns from financial products
Gain from entrusted investment or assets management 630,009.86
purchased
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable financial 2,279,889.00
assets, other than valid period value instruments related to the
Company’s common businesses
Other non-business income and expenditures other than the above 1,918,197.11
Other gain/loss items satisfying the definition of non-recurring Gains from reverse repurchase of
1,381,539.13
gain/loss account treasury bonds
Less: Influenced amount of income tax 787,738.59
Influenced amount of minority shareholders’ equity
4,130.85
(after-tax)
Total 5,595,032.32 --
Explanation statement should be made for accidental gain/loss items defined and accidental
gain/loss items defined as regular gain/loss items according to the Explanation Announcement of
Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
√ Applicable □ Inapplicable
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
Items Amount Reason
Gains from reverse repurchase
1,381,539.13 Gains from reverse repurchase of treasury bonds
of treasury bonds
It is related to the Company’s business. The amount is refunded to the
Tax refunded related to
1,037,017.17 Company according to the tax rate provided by the taxation
software products
administration.
2. Total number of shareholders and shareholding of top 10 shareholders by the end of the
report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of
the report period
In share
Number of shareholders of common
46,740
shares at the end of the report period
Top 10 Shareholders of Common Shares
Properties of Conditional Pledging or freezing
Shareholder Shareholding Number of shares
shareholder shares Share status Amount
Shenzhen Banglin
Domestic
Technologies
non-state legal 9.09% 68,774,273 0 Pledged 32,510,000
Development Co.,
person
Ltd.
Shengjiu Foreign legal
4.75% 35,929,581 0
Investment Ltd. person
Domestic natural
Huang Jupei 4.20% 31,801,000 0
person
Domestic natural
Zhou Shijian 2.79% 21,123,481 0
person
Shenzhen Shilihe Domestic
Investment Co., non-state legal 2.36% 17,860,992 0
Ltd. person
Domestic natural
Zhao Bing 2.34% 17,699,000 0
person
Domestic natural
Wang Shaolin 1.82% 13,792,932 0
person
Bank of
Communication – Others 1.79% 13,555,026 0
Huaan Chuangxin
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
Securities
Investment Fund
Domestic natural
Jiang Jing 1.41% 10,635,440 0
person
Harvest Fund –
CCB - Ping An
Others 0.66% 5,029,358 0
Life Insurance
Company of China
Top 10 shareholders of unconditional common shares
Category of shares
Shareholder Amount of unconditional common shares Category of
Amount
shares
Shenzhen Banglin Technologies RMB common
68,774,273 68,774,273
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 35,929,581 listed in domestic 35,929,581
exchanges
RMB common
Huang Jupei 31,801,000 31,801,000
shares
RMB common
Zhou Shijian 21,123,481 21,123,481
shares
Shenzhen Shilihe Investment Co., RMB common
17,860,992 17,860,992
Ltd. shares
RMB common
Zhao Bing 17,699,000 17,699,000
shares
RMB common
Wang Shaolin 13,792,932 13,792,932
shares
Bank of Communication – Huaan
RMB common
Chuangxin Securities Investment 13,555,026 13,555,026
shares
Fund
RMB common
Jiang Jing 10,635,440 10,635,440
shares
Harvest Fund – CCB - Ping An Life RMB common
5,029,358 5,029,358
Insurance Company of China shares
Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Notes to top ten shareholder
Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. The
relationship or "action in concert"
Company is not notified of other action-in-concert or related parties among the other holders
of current shares.
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
Huang Jupei holds 31,800,000 stocks of the Company through the GF securities customer
Participation of top 10 unconditional credit transaction guarantee securities account; Zhou Shijian holds 21,123,481 stocks of the
common share shareholders in Company through the GF securities customer credit transaction guarantee securities account;
securities margin trading (if any) Zhao Bing holds 17,699,000 stocks of the Company through the Everbright Securities
customer credit transaction guarantee securities account.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √ Inapplicable
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
Items Closing amount Opening amount Change Cause of change
Caused by increase in prepaid material
Prepayment 53,882,784.90 28,364,016.21 89.97%
fees for construction in progress
Caused in increase in investment of the
Inventory 864,763,972.63 428,537,851.82 101.79% Fangda Town renovation project which
has entered the development stage
Goodwill 25,322,869.47 - - Caused by acquiring Guangdong SOZN
Other non-current House prepayment to Tianjin Wanda
33,656,151.10 15,978,789.90 110.63%
assets Center Investment Company
Short-term loans 1,030,000,000.00 369,000,000.00 179.13% Additional financing demand
Fangda Town land transfer payment
Account payable 707,401,426.32 489,216,140.32 44.60%
unpaid
Transfer of received engineering
Prepayment received 99,222,201.22 168,386,251.94 -41.07%
payment into income
Employees’ wage
18,479,501.68 30,182,851.80 -38.77% 2013 bonus paid
payable
Other payables 79,295,904.90 41,687,580.72 90.21% Increase in bidding deposit received
Amount of the Same period last
Items Change Cause of change
Current Term year
Caused by increase in previous
Asset impairment loss 10,104,141.91 14,625,807.80 -30.92%
receivable collected
Non-operating
5,679,197.28 4,196,811.56 35.32% Increase in governmental subsidy
revenue
Non-business Caused by increase in disposal of
2,546,716.34 992,003.35 156.72%
expenses long-term asset losses
Income tax 7,021,212.14 12,371,750.46 -43.25% Decrease in deferred income tax
Other cash received
from business 70,054,311.35 38,275,896.85 83.02% Increase in bidding deposit received
operation
Cash paid for 1,297,947,089.10 941,055,438.35 37.92% Caused in increase in development
purchasing products expenditure of the Fangda Town
and services renovation project which has entered
the development stage
Cash paid to and for
160,019,118.12 121,844,649.34 31.33% Increase in staff remuneration
the staff
Cash received from 100,000,000.00 20,000,000.00 400.00% Increase in maturity of financial
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
investment recovery products
Caused by increase in the
Cash flows generated
development expenditure of Fangda
by operating -358,608,957.87 19,467,237.44 -1942.12%
Town renovation project and delay
activities, net
in collection of accounts receivable
Cash paid for
construction of fixed
Increase in payment of long-term asset
assets, intangible 28,385,573.09 41,497,821.99 -31.60%
investment
assets and other
long-term assets
Purchase of financial products and
Cash paid as
116,340,675.00 21,000,000.00 454.00% investment in Sino Oil and Gas
investment
Holdings Ltd
Cash received from
944,000,000.00 100,000,000.00 844.00% Additional financing demand
borrowed loans
Cash paid to repay
283,000,000.00 110,000,000.00 157.27% Repayment of short-term borrowing
debts
Cash paid as
Increase in paid interest fee due to
dividend, profit, or 52,661,058.83 30,971,678.77 70.03%
increase in short-term borrowing
interests
The Ministry of Financial has issued or amended the Enterprise Accounting Standard No.2 – Long-term
Stock Investment, Enterprise Accounting Standard No.9 – Staff Remuneration, Enterprise Accounting Standard
No.30 – Presentation of Financial Statements, Enterprise Accounting Standard No.33 – Consolidate Financial
Statements, Enterprise Accounting Standard No.39 – Measurement of Fair Value, Enterprise Accounting Standard
No.40 – Joint Venue Arrangement, Enterprise Accounting Standard No.41 – Disclosure of Interest in Other
Entities, Enterprise Accounting Standard No.37 – Presentation of Financial Tools, of which seven standards have
been implemented since July 1, 2014. Changes to the above-mentioned financial standards have no major impact
on the Company’s consolidated financial statements.
(1) Long-term share equity investment
1. According to the amended Enterprise Accounting Standard No.2 – Long-term Stock Investment, the
Company has no following circumstances. Consolidated financial statements are not affected and no retroactive
adjustment is needed:
Impose substantial influence on invested entities or implement joint control due to increase in investment;
(2) Lose joint control or substantial influence on invested entities due to disposal of part of investment
2. According to the amended long-term stock investment standard, the Company has calculated the investment
in Shenzhen Ganshang Joint Investment Co., Ltd. using the interest method. The change in the owner’s interest in the
invested entity is a change in the net gain/loss rather than other owner's interest change other than comprehensive
income and profit allocation. The change has no impact on the consolidate financial statements and no retroactive
adjustment is needed.
(2) Retirement pension program
The Company has re-evaluated the staff remuneration according to the amended Enterprise Accounting
Standard No.9 – Staff Remuneration and no problem has been found in the benefit program and other long-term
staff remuneration. Therefore, the change has no impact on the consolidated financial statements and no retroactive
adjustment is needed.
(3) Consolidation scope
The Company has re-evaluated the scope of consolidated financial statements according to the Enterprise
Accounting Standard No.33 – Consolidated Financial Statements and no change has been found to the
consolidation scope according to the standard. Therefore, the change has no impact on the consolidated financial
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
statements and no retroactive adjustment is needed.
(4) Joint venture arrangement
According to Enterprise Accounting Standard No.40 – Joint Venue Arrangement, the Company has no joint
venture arrangement of any form. Therefore, the change has no impact on the consolidated financial statements and
no retroactive adjustment is needed.
(5) Impacts of other standard changes
In addition to the above-mentioned items, there is no impact on the Company’s financial statements caused
by new or amended enterprise accounting standards.
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
1. Progress of Fangda Town renovation project
The Fangda Town renovation project undertaken by Shenzhen Fangda Property Development Co., Ltd., a
wholly-owned subsidiary of the Company, has been proceeded as scheduled since commencement on May 18 this
year. The project will complete by the end of this year.
2. Business progress of Shenzhen Fangda New Energy Co., Ltd.:
Date of Media of
No. Progress Announcement
announcement disclosure
Fangda New Energy and Luo Huichi Announcement on Acquiring
(natural person) entered into an Zhongshan SOZN Lighting Co.,
1 22.07.14
agreement to acquire a LED company Ltd. and LED Lighting Business
controlled by Luo of Its Affiliates
China Securities
Announcement of the Strategic Journal,
The Company and Shenzhen BOC
Cooperation Agreement entered Shanghai
2 signed a strategic cooperation 23.07.14
into between the Company and Securities Daily,
framework agreement.
Shenzhen BOC Securities Times,
HKCD and
the Company entered into the new
www.cninfo.com.
energy PV project cooperation Announcement of Signing the
cn
framework agreement with Information New Energy PV Project
3 August 14, 2014
Industry Electronics 11th Design Cooperation Framework
Institute Sci & Tech Engineering Co., Agreement
Ltd.
3. Commitments of shareholders with over 5% of shares made in the report term or carried
over from previous terms
□ Applicable √ Inapplicable
The Company and shareholders with more than 5% stakes in the Company made no guarantee in the report period
or before report period but remaining effective in the report period.
4 Forecast of operating performance in 2014
Warning and reasons of possible net loss or substantial change from the last period between the beginning of the
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
year and the end of the next report period
□ Applicable √ Inapplicable
5. Securities investment
√ Applicable □ Inapplicable
Number
Number
of shares
of shares Closing
Initial held at Opening Closing
Securit Abbreviat held at book Gain/loss Accounti
Code investmen beginning sharehold sharehold Source
ies ion end of the value (RMB) ng item
t cost of the ing ing
period (RMB)
period
(share)
(share)
Sino Oil Transacti
and Gas 16,263,67 100,000,0 18,543,56 2,279,889 onal
Stock (HK) 00702 0 0.00% 0.66% Purchase
Holdings 5.00 00 4.00 .00 financial
Ltd assets
16,263,67 100,000,0 18,543,56 2,279,889
Total 0 -- -- -- --
5.00 00 4.00 .00
Disclosure date of approval by
the Board of Directors of None
securities investment
Disclosure date of securities
investment approval by the None
Shareholders’ Meeting (if any)
Notes to shareholding in other listed companies
□ Applicable √ Inapplicable
The Company holds no stock of other list companies in the report period.
6. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Proportio
n of
Derivativ closing Actual
Impairme
e Related Initial Closing investmen gain/loss
Relations Initial nt
investme transactio Type Start date End date investmen investmen t amount in the
hip amount provision
nt n t amount t amount in the report
(if any)
operator closing period
net assets
in the
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China Fangda Group Co., Ltd. 2014 Q3 Report Text
report
period
Shanghai
Shanghai
Futures None No 1,459.21 05.05.14 23.07.14 0 0 0 0.00% 21.94
aluminum
Exchange
Total 1,459.21 -- -- 0 0 0 0.00% 21.94
Capital source Self-owned fund
Lawsuit (if any) Inapplicable
Disclosure date of derivative investment
None
approval by the Board of Directors (if any)
Disclosure date of derivative investment
approval by the Shareholders’ Meeting (if None
any)
To prevent the risk of fluctuation of raw material prices, the Company adopted the
Risk analysis and control measures for the
aluminum futures exchanged at the domestic futures exchange to provide hedging for
derivative holding in the report period
aluminum as a raw material for the Company. The Company has set up and
(including without limitation market,
implemented the Provincial Regulations on China Fangda Group Domestic Futures
liquidity, credit, operation and legal risks)
Hedging to prevent risks.
Changes in the market price or fair value
of the derivative in the report period, the
The fair value of the derivative should be calculated with the open quotation of the
analysis of the derivative’s fair value
futures market and should be reviewed regularly to ensure effective hedging.
should disclose the method used and
related assumptions and parameters.
Material changes in the accounting policies
and rules related to the derivative in the No
report period compared to last period
Opinions of independent directors on the
Company’s derivative investment and risk None
controlling
7. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Onsite Hong Yuan Business and future
September 3, 2014 Shenzhen Institution
investigation Securities development
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