2015 First Quarter Report of China Fangda Group Co., Ltd.
China Fangda Group Co., Ltd.
2015 First Quarter Report
April 2015
1
2015 First Quarter Report of China Fangda Group Co., Ltd.
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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2015 First Quarter Report of China Fangda Group Co., Ltd.
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
This report period Same period last year Year-on-year change (%)
Turnover (yuan) 478,296,193.16 355,756,883.37 34.44%
Net profit attributable to shareholders of
15,504,344.70 11,482,984.40 35.02%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 14,487,216.74 12,517,571.36 15.74%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-235,696,168.76 -136,031,996.42
operation (RMB)
Basic earnings per share (yuan/share) 0.0205 0.0152 34.87%
Diluted Earnings per share (yuan/share) 0.0205 0.0152 34.87%
Weighted average net income/asset ratio 1.25% 0.98% 0.27%
End of the report period End of last year Year-on-year change
Total asset (RMB) 3,651,477,914.96 3,662,719,900.41 -0.31%
Net profit attributable to the shareholders
1,251,625,675.66 1,234,930,863.46 1.35%
of the listed company (RMB)
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
Non-current asset disposal gain/loss (including the write-off part
-221,536.58
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 52,401.41
and based on unified national standard quota)
Gain from entrusted investment or assets management 278,491.50
Gain/loss from change of fair value of transactional financial
688,412.00
asset and liabilities, and investment gains from disposal of
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2015 First Quarter Report of China Fangda Group Co., Ltd.
transactional financial assets and liabilities and sellable financial
assets, other than valid period value instruments related to the
Company’s common businesses
Other non-business income and expenditures other than the above 435,635.38
Less: Influenced amount of income tax 167,052.38
Influenced amount of minority shareholders’ equity
49,223.37
(after-tax)
Total 1,017,127.96 --
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
No circumstance that should be defined as recurrent profit and loss according to Explanation Announcement
of Information Disclosure No. 1 - Non-recurring gain/loss occurs in the report period.
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
54,807
shares at the end of the report period
Top 10 Shareholders of Common Shares
Properties of Pledging or freezing
Shareholder Shareholding Number of shares Conditional shares
shareholder Share status Amount
Shenzhen
Banglin Domestic
Technologies non-state legal 9.09% 68,774,273 Pledged 62,310,000
Development person
Co., Ltd.
Shengjiu Foreign legal
5.92% 44,834,580
Investment Ltd. person
Domestic natural
Huang Jupei 3.96% 30,001,000
person
Shenzhen Shilihe Domestic
Investment Co., non-state legal 2.36% 17,860,992
Ltd. person
Zhou Shijian Domestic natural 2.33% 17,627,550
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2015 First Quarter Report of China Fangda Group Co., Ltd.
person
Domestic natural
Yu Liandi 1.34% 10,121,923
person
Domestic natural
Jiang Jing 1.19% 9,029,914
person
ICBC - AXA
SPDB Growth Others 0.67% 5,076,600
Value Stock Fund
China Life
Insurance –
Dividend –
Personal Others 0.55% 4,149,945
Dividend –
005L-FH002
Shen
Domestic natural
Shao Feichun 0.45% 3,401,332
person
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. 44,834,580 listed in domestic 44,834,580
exchanges
RMB common
Huang Jupei 30,001,000 30,001,000
shares
Shenzhen Shilihe Investment Co., RMB common
17,860,992 17,860,992
Ltd. shares
RMB common
Zhou Shijian 17,627,550 17,627,550
shares
RMB common
Yu Liandi 10,121,923 10,121,923
shares
RMB common
Jiang Jing 9,029,914 9,029,914
shares
ICBC - AXA SPDB Growth Value RMB common
5,076,600 5,076,600
Stock Fund shares
China Life Insurance – Dividend – 4,149,945 RMB common 4,149,945
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Personal Dividend – 005L-FH002 shares
Shen
RMB common
Shao Feichun 3,401,332 3,401,332
shares
Among the top 10 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.
Huang Jupei holds 30,000,000 shares of the Company through GF Securities customer credit
transaction guarantee securities account; Zhou Shijian holds 17,627,550 shares of the
Top-10 common share shareholders Company through GF Securities customer credit transaction guarantee securities account, Yu
participating in margin trade Liandi holds 10,121,923 shares of the Company through GF Securities customer credit
transaction guarantee securities account; Jiang Jing holds 9,024,914 shares of the Company
through Everbright Securities customer credit transaction guarantee securities account.
No 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
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2015 First Quarter Report of China Fangda Group Co., Ltd.
III Significant Events
一、 Major changes in accounting items and financial data in the report period and reasons
Items Closing amount Opening amount Change Cause of change
Prepaid engineering amount for
Fangda Town renovation project
Prepayment 126,226,566.34 29,234,231.49 331.78%
and increase in prepaid material
amount in construction in progress
Other current Increase in maturity of financial
4,015,529.92 234,986,107.72 -98.29%
assets products
Employees’
23,704,661.51 41,703,314.26 -43.16% Annual bonus paid
wage payable
Interest
4,421,561.14 2,055,911.11 115.07% Increase in undue interest
payable
Items This period Last period Change Reason
Increase in sales of LED products,
Turnover 478,296,193.16 355,756,883.37 34.44%
curtain walls and material products
Operation cost 400,341,153.97 293,391,122.49 36.45% Increase in sales revenue
Sales expense 14,062,688.37 8,701,307.65 61.62% Increase in advertising cost
Financial
10,470,656.03 5,625,896.86 86.12% Increase in average loan
expenses
Income tax 3,497,266.94 2,118,855.16 65.05% Income tax on transferring of stocks
Cash flow
generated by Development cost of Fangda Town
-235,696,168.76 -136,031,996.42
business operations, renovation project
net
Cash flow
generated by Increase in maturity of financial
207,321,960.95 -3,481,685.95
investment products
activities, net
Net cash flow
Increase in bank loans during the
generated by 62,129,337.47 239,340,250.00 -74.04%
same period last year
financing activities
2. Progress of key issues and its impacts and solutions
Key issue Date of disclosure Information source
The Company decreases the amount to be April 4, 2015 10th meeting of the 7th Board of
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2015 First Quarter Report of China Fangda Group Co., Ltd.
raised from private issuance from Directors, Private A-share Issuing
RMB1.008 billion to RMB856 million. Plan ( Revised in April 2015),
Feasibility Study Report on the
Use of Raised Fund form the
Private A-Share Issuing (Revised
in April 2015) are published on
www.cninfo.com.cn.
3. 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 between January and June in 2015
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
Number
Number
of shares
of shares Closing
Initial held at Opening Closing
Abbreviati held at book Gain/loss Accounti
Securities Code investme beginning sharehold sharehold Source
on end of the value (RMB) ng item
nt cost of the ing ing
period (RMB)
period
(share)
(share)
Sino Oil Transacti
and Gas 16,263,6 100,000,0 100,000,0 14,099,20 688,412.0 onal
Stock 00702 0.56% 0.56% Purchase
Holdings 75.00 00 00 2.00 0 financial
Ltd assets
16,263,6 100,000,0 100,000,0 14,099,20 688,412.0
Total -- -- -- --
75.00 00 00 2.00 0
Disclosure date of approval by
the Board of Directors of March 11, 2014
securities investment
Disclosure date of securities
investment approval by the None
Shareholders’ Meeting (if any)
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2015 First Quarter Report of China Fangda Group Co., Ltd.
6. The Company holds no stock of other list companies in the report period.
7. Derivative investment
In RMB10,000
Proporti
on of
closing
investm
Actual
Derivativ Impair ent
Initial Closing gain/lo
e Related ment amount
Relations Initial investm investm ss in
investme transactio Type Start date End date provisio in the
hip amount ent ent the
nt n n (if closing
amount amount report
operator any) net
period
assets
in the
report
period
Shanghai
Shanghai January 8, August 15, 4,972.5
Futures None No 6,388.36 0 0 3.97% 8.53
aluminum 2015 2015 3
Exchange
4,972.5
Total 6,388.36 -- -- 0 0 3.97% 8.53
3
Capital source Self-owned fund
Lawsuit (if any) Inapplicable
Disclosure date of derivative investment
approval by the Board of Directors (if any)
Disclosure date of derivative investment
approval by the Shareholders’ Meeting (if
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 Provicial Regulations on China Fangda Group Domestic Futures
liquidity, credit, operaton 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 No
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2015 First Quarter Report of China Fangda Group Co., Ltd.
policies and rules related to the derivative
in the report period compared to last
period
Opinions of independent directors on the
Company’s derivative investment and risk None
controlling
8. Reception of investigations, communications, or interviews in the reporting period
Main content involved and
Time/date Place Way Visitor Visitor
materials provided
Onsite China Galaxy Business and future
January 21, 2015 Shenzhen Institution
investigation Securities development
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2015 First Quarter Report of China Fangda Group Co., Ltd.
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
March 31, 2015
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 244,452,494.45 212,430,798.87
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into 14,099,202.00 13,410,790.00
current income account
Derivative financial assets 1,400,550.00
Notes receivable 82,590,349.84 83,325,725.70
Account receivable 1,128,679,107.27 1,105,242,251.46
Prepayment 126,226,566.34 29,234,231.49
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other receivables 62,357,005.91 48,950,647.67
Repurchasing of financial assets
Inventory 1,041,167,625.17 982,441,187.05
Assets held for sales
Non-current assets due in 1 year
Other current assets 4,015,529.92 234,986,107.72
Total current assets 2,704,988,430.90 2,710,021,739.96
Non-current assets:
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Loan and advancement provided
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 10,260,661.01 11,048,660.43
Investment real estate 226,072,931.60 226,279,523.39
Fixed assets 485,233,974.85 489,714,684.63
Construction in process 425,749.17 341,749.17
Engineering materials
Disposal of fixed assets 28,236.42 26,918.21
Productive biological assets 0.00
Gas & petrol 0.00
Intangible assets 98,055,435.98 98,947,331.09
R&D expense 0.00
Goodwill 26,279,395.89 26,279,395.89
Long-term amortizable expenses 3,740,796.07 4,119,362.63
Deferred income tax assets 53,348,240.19 52,616,656.38
Other non-current assets 43,044,062.88 43,323,878.63
Total of non-current assets 946,489,484.06 952,698,160.45
Total of assets 3,651,477,914.96 3,662,719,900.41
Current liabilities
Short-term loans 1,150,000,000.00 1,100,000,000.00
Loans from Central Bank
Deposit received and held for
others
Call loan received
Financial liabilities measured at
fair value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 218,867,536.66 227,266,485.57
Account payable 599,088,229.21 685,108,346.73
Prepayment received 131,682,718.05 122,285,231.14
Selling of repurchased financial
assets
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Fees and commissions payable
Employees’ wage payable 23,704,661.51 41,703,314.26
Taxes payable 55,723,997.24 58,696,926.25
Interest payable 4,421,561.14 2,055,911.11
Dividend payable
Other payables 46,973,387.00 47,425,682.44
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liabilities due in 1
6,000,000.00 6,000,000.00
year
Other current liabilities
Total current liabilities 2,236,462,090.81 2,290,541,897.50
Non-current liabilities:
Long-term loans 27,612,000.00
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable 6,000,000.00 6,000,000.00
Long-term employees’ wage
payable
Special payables
Anticipated liabilities 5,735,885.84 5,859,045.98
Deferred earning 9,997,490.63 10,049,892.04
Deferred income tax liabilities 50,023,668.17 49,734,436.90
Other non-current liabilities 0.00
Total of non-current liabilities 99,369,044.64 71,643,374.92
Total liabilities 2,335,831,135.45 2,362,185,272.42
Owner’s equity:
Share capital 756,909,905.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Capital reserves 79,099,220.38 79,099,220.38
Less: Shares in stock
Other miscellaneous income 1,282,299.13 91,831.63
Special reserves
Surplus reserves 48,842,080.76 48,842,080.76
Common risk provisions
Retained profit 365,492,170.39 349,987,825.69
Total of owner’s equity belong to the
1,251,625,675.66 1,234,930,863.46
parent company
Minor shareholders’ equity 64,021,103.85 65,603,764.53
Total of owners’ equity 1,315,646,779.51 1,300,534,627.99
Total of liabilities and owner’s interest 3,651,477,914.96 3,662,719,900.41
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 40,660,521.08 22,256,065.49
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 511,660.60 511,660.60
Prepayment 0.00 50,903.86
Interest receivable
Dividend receivable 28,639,627.17 28,639,627.17
Other receivables 324,722,211.04 254,604,163.79
Inventory
Assets held for sales
Non-current assets due in 1 year
Other current assets 1,032,022.40 31,005,620.01
Total current assets 395,566,042.29 337,068,040.92
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Non-current assets:
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 1,129,886,559.59 1,130,674,559.01
Investment real estate 198,513,586.15 198,513,586.15
Fixed assets 59,531,153.32 60,145,112.89
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,256,241.65 2,256,575.64
R&D expense
Goodwill
Long-term amortizable expenses 68,631.78 81,367.47
Deferred income tax assets 22,902,305.69 22,623,560.72
Other non-current assets 220,000,000.00 220,000,000.00
Total of non-current assets 1,633,158,478.18 1,634,294,761.88
Total of assets 2,028,724,520.47 1,971,362,802.80
Current liabilities
Short-term loans 380,000,000.00 350,000,000.00
Financial liabilities measured at
fair value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 606,941.85 606,941.85
Prepayment received 693,045.60 832,772.45
Employees’ wage payable 934,359.20 1,956,875.76
Taxes payable 555,962.71 567,424.56
Interest payable 715,733.34 659,266.67
Dividend payable
Other payables 299,252,868.25 270,281,330.40
Liabilities held for sales
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Non-current liabilities due in 1
year
Other current liabilities 0.00
Total current liabilities 682,758,910.95 624,904,611.69
Non-current liabilities:
Long-term loans
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable
Long-term employees’ wage
payable
Special payables
Anticipated liabilities
Deferred earning
Deferred income tax liabilities 97,772,195.96 97,693,047.19
Other non-current liabilities
Total of non-current liabilities 97,772,195.96 97,693,047.19
Total liabilities 780,531,106.91 722,597,658.88
Owner’s equity:
Share capital 756,909,905.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 38,598,565.00 38,598,565.00
Less: Shares in stock
Other miscellaneous income 91,831.63 91,831.63
Special reserves
Surplus reserves 48,842,080.76 48,842,080.76
Retained profit 403,751,031.17 404,322,761.53
Total of owners’ equity 1,248,193,413.56 1,248,765,143.92
Total of liabilities and owner’s interest 2,028,724,520.47 1,971,362,802.80
3. Consolidated Income Statement
In RMB
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 478,296,193.16 355,756,883.37
Incl. Business income 478,296,193.16 355,756,883.37
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 462,837,415.79 341,772,009.46
Incl. Business cost 400,341,153.97 293,391,122.49
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 6,795,101.17 5,730,224.57
Sales expense 14,062,688.37 8,701,307.65
Administrative expense 38,354,341.95 33,628,424.84
Financial expenses 10,470,656.03 5,625,896.86
Asset impairment loss -7,186,525.70 -5,304,966.95
Plus: gains from change of fair value
688,412.00
(“-“ for loss)
Investment gains (“-“ for loss) 490,492.08 93,054.05
Incl. Investment gains from
212,000.58 35,277.68
affiliates and joint ventures
Exchange gains (“-“ for loss)
3. Operational profit (“-“ for loss) 16,637,681.45 14,077,927.96
Plus: non-operational income 1,241,566.56 551,881.06
Incl. Gain from disposal of
47,272.92 7,364.40
non-current assets
Less: non-operational expenditure 460,297.05 1,790,684.83
Incl. Loss from disposal of
268,809.50 1,475,955.63
non-current assets
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2015 First Quarter Report of China Fangda Group Co., Ltd.
4. Gross profit (“-“ for loss) 17,418,950.96 12,839,124.19
Less: Income tax expenses 3,497,266.94 2,118,855.16
5. Net profit (“-“ for net loss) 13,921,684.02 10,720,269.03
Net profit attributable to the owners
15,504,344.70 11,482,984.40
of parent company
Minor shareholders’ equity -1,582,660.68 -762,715.37
6. After-tax net amount of other misc.
1,190,467.50
incomes
After-tax net amount of other misc.
1,190,467.50
incomes attributed to parent's owner
(1) Other misc. incomes that cannot
be re-classified into gain and loss
1. Change in net liabilities or
assets due to re-measurement set benefit
program
2. Shares enjoyed in other
misc. incomes that cannot be reclassified
into gain and loss by the invested entity
under the equity law
(2) Other misc. incomes that will be
1,190,467.50
re-classified into gain and loss
1. Shares enjoyed in other
misc. incomes that cannot be reclassified
into gain and loss by the invested entity
under the equity law
2．Change in the fair value of
financial asset for sales
3 Held-to-mature investment
reclassified as gain and loss in the
financial assets for sales
4. Effective part in the gain
1,190,467.50
and loss of arbitrage of cash flow
5. Translation difference of
foreign exchange statement
6. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 15,112,151.52 10,720,269.03
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2015 First Quarter Report of China Fangda Group Co., Ltd.
Total of misc. incomes attributable
16,694,812.20 11,482,984.40
to the owners of the parent company
Total misc gains attributable to the
-1,582,660.68 -762,715.37
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.0205 0.0152
(2) Diluted earnings per share 0.0205 0.0152
Net profit contributed by entities merged under common control in the report period was RMB , net profit realized by
parties merged during the previous period is RMB .
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Income Statement of the Parent Company
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 7,393,884.45 7,254,079.85
Less: Operation cost 353,341.70 883,388.21
Business tax and surcharge 592,342.65 582,497.54
Sales expense
Administrative expense 5,445,073.39 5,710,805.48
Financial expenses 2,262,140.00 2,152,949.71
Asset impairment loss -629.56 -33,017.42
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss) 267,962.22 35,277.68
Incl. Investment gains from
212,000.58 35,277.68
affiliates and joint ventures
2. Operational profit (“-“ for loss) -990,421.51 -2,007,265.99
Plus: non-operational income 220,267.27 7,757.02
Incl. Loss from disposal of
non-current assets
Less: non-operational expenditure 1,172.32 313,701.67
Incl. Loss from disposal of
113,701.67
non-current assets
3. Gross profit (“-“ for loss) -771,326.56 -2,313,210.64
Less: Income tax expenses -199,596.20 -534,297.64
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2015 First Quarter Report of China Fangda Group Co., Ltd.
4. Net profit (“-“ for net loss) -571,730.36 -1,778,913.00
5. After-tax net amount of other misc.
incomes
(1) Other misc. incomes that
cannot be re-classified into gain and
loss
1. Change in net liabilities
or assets due to re-measurement set
benefit program
2. Shares enjoyed in other
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law
(2) Other misc. incomes that will
be re-classified into gain and loss
1. Shares enjoyed in other
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law
2．Change in the fair value
of financial asset for sale
3 Held-to-mature
investment reclassified as gain and loss
in the financial assets for sales
4. Effective part in the gain
and loss of arbitrage of cash flow
5. Translation difference of
foreign exchange statement
6. Others
6. Total of misc. incomes -571,730.36 -1,778,913.00
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Items Amount occurred in the current period Amount occurred in previous period
1. Net cash flow from business
20
2015 First Quarter Report of China Fangda Group Co., Ltd.
operations:
Cash received from sales of
457,440,374.67 327,320,310.44
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
Increase in proposal of financial
assets measured at fair value with
variations accounted into current
income account
Cash received as interest,
processing fee, and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax refunded 709,995.90 57,932.17
Other cash received from business
33,201,154.29 37,109,217.85
operation
Sub-total of cash inflow from business
491,351,524.86 364,487,460.46
operations
Cash paid for purchasing products
591,693,341.18 379,515,482.34
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
Cash paid for interest, processing
21
2015 First Quarter Report of China Fangda Group Co., Ltd.
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 79,484,303.73 56,720,544.81
Taxes paid 21,872,458.04 14,516,817.48
Other cash paid for business
33,997,590.67 49,766,612.25
activities
Sub-total of cash outflow from
727,047,693.62 500,519,456.88
business operations
Cash flow generated by business
-235,696,168.76 -136,031,996.42
operations, net
2. Cash flow generated by investment:
Cash received from investment
311,500,000.00 0.00
recovery
Cash received as investment profit 1,278,491.50 58,267.73
Net cash retrieved from disposal
of fixed assets, intangible assets, and 130,000.00 3,044,140.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
48,500.00
received
Sub-total of cash inflow generated
312,908,491.50 3,150,907.73
from investment
Cash paid for construction of
fixed assets, intangible assets and other 18,086,530.55 6,502,093.68
long-term assets
Cash paid as investment 87,500,000.00
Net increase of loan against
pledge
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment 130,500.00
Subtotal of cash outflows 105,586,530.55 6,632,593.68
Cash flow generated by investment
207,321,960.95 -3,481,685.95
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment 0.00
22
2015 First Quarter Report of China Fangda Group Co., Ltd.
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
177,612,000.00 246,000,000.00
loans
Cash received from bond placing
Other cash received from
261.26 0.00
financing activities
Subtotal of cash inflow from financing
177,612,261.26 246,000,000.00
activities
Cash paid to repay debts 100,000,000.00
Cash paid as dividend, profit, or
15,482,923.79 6,659,750.00
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
activities
Subtotal of cash outflow from
115,482,923.79 6,659,750.00
financing activities
Net cash flow generated by financing
62,129,337.47 239,340,250.00
activities
4. Influence of exchange rate changes
-30,382.31 26,330.43
on cash and cash equivalents
5. Net increase in cash and cash
33,724,747.35 99,852,898.06
equivalents
Plus: Balance of cash and cash
102,638,232.19 285,237,255.38
equivalents at the beginning of term
6. Balance of cash and cash equivalents
136,362,979.54 385,090,153.44
at the end of the period
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
5,302,300.24 6,692,417.04
products and providing of services
Tax refunded
23
2015 First Quarter Report of China Fangda Group Co., Ltd.
Other cash received from business
223,117,704.34 351,667,932.11
operation
Sub-total of cash inflow from business
228,420,004.58 358,360,349.15
operations
Cash paid for purchasing products
696,453.22 1,503,641.21
and services
Cash paid to and for the staff 4,535,860.40 4,431,296.48
Taxes paid 696,383.10 704,468.11
Other cash paid for business
262,226,214.90 390,871,370.64
activities
Sub-total of cash outflow from
268,154,911.62 397,510,776.44
business operations
Cash flow generated by business
-39,734,907.04 -39,150,427.29
operations, net
2. Cash flow generated by investment:
Cash received from investment
30,000,000.00
recovery
Cash received as investment profit 4,359,295.00
Net cash retrieved from disposal
of fixed assets, intangible assets, and 45,036,600.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated
34,359,295.00 45,036,600.00
from investment
Cash paid for construction of
fixed assets, intangible assets and other 605,199.92 811,150.15
long-term assets
Cash paid as investment
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 605,199.92 811,150.15
Cash flow generated by investment
33,754,095.08 44,225,449.85
activities, net
3. Cash flow generated by financing
24
2015 First Quarter Report of China Fangda Group Co., Ltd.
activities:
Cash received from investment
Cash received from borrowed
30,000,000.00 96,000,000.00
loans
Cash received from bond placing
Other cash received from
financing activities
Subtotal of cash inflow from financing
30,000,000.00 96,000,000.00
activities
Cash paid to repay debts
Cash paid as dividend, profit, or
5,614,733.32 2,275,500.00
interests
Other cash paid for financing
activities
Subtotal of cash outflow from
5,614,733.32 2,275,500.00
financing activities
Net cash flow generated by financing
24,385,266.68 93,724,500.00
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
18,404,454.72 98,799,522.56
equivalents
Plus: Balance of cash and cash
22,006,065.49 67,973,808.76
equivalents at the beginning of term
6. Balance of cash and cash equivalents
40,410,520.21 166,773,331.32
at the end of the period
2. Auditor’s report
The Q2 Report is not audited.
25