方大集团股份有限公司 2016 年第一季度报告全文
China Fangda Group Co., Ltd.
2016 First Quarter Report
April 2016
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方大集团股份有限公司 2016 年第一季度报告全文
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
Deng Lei Independent director Business engagement Guo Wanda
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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方大集团股份有限公司 2016 年第一季度报告全文
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) 469,103,396.78 478,296,193.16 -1.92%
Net profit attributable to shareholders of
22,188,780.56 15,504,344.70 43.11%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 23,019,578.47 14,487,216.74 58.90%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-59,715,816.88 -235,696,168.76
operation (RMB)
Basic earnings per share (yuan/share) 0.03 0.02 50.00%
Diluted Earnings per share (yuan/share) 0.03 0.02 50.00%
Weighted average net income/asset ratio 1.67% 1.25% 0.42%
End of the report period End of last year Year-on-year change
Total asset (RMB) 4,625,948,618.26 4,464,147,811.40 3.62%
Net profit attributable to the shareholders
1,342,526,986.43 1,319,496,334.84 1.75%
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
-465,802.92
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 206,469.81
and based on unified national standard quota)
Gain from entrusted investment or assets management 58,345.20
Gain/loss from change of fair value of transactional financial
-1,456,515.68
asset and liabilities, and investment gains from disposal of
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方大集团股份有限公司 2016 年第一季度报告全文
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 825,203.17
Less: Influenced amount of income tax 266,405.16
Influenced amount of minority shareholders’ equity
-267,907.67
(after-tax)
Total -830,797.91 --
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. Ordinary shareholders, preference shareholders with resumed voting rights and top 10 shareholders
In share
Number of shareholders of
Number of shareholders of common preferred stocks of which
40,846 0
shares at the end of the report period voting rights recovered in the
report period
Top 10 Shareholders
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 Pledged 2,509
Development person
Co., Ltd.
Shengjiu Foreign legal
6.32% 47,861,730
Investment Ltd. person
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 4.44% 33,613,209
person
ONGKONG)
LIMITED
Domestic natural
Huang Jupei 3.40% 25,701,000
person
Shenzhen Shilihe Domestic
2.36% 17,860,992
Investment Co., non-state legal
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方大集团股份有限公司 2016 年第一季度报告全文
Ltd. person
Domestic natural
Zhou Shijian 2.14% 16,213,500
person
Huabao Trust
Co., Ltd. –
Tiangao Capital Others 1.99% 15,042,660
No.1 Trust
Program
Haitong
International
Securities Foreign legal
1.56% 11,820,966
Company person
Limited-Account
Client
Shenwan
Hongyuan Foreign legal
1.15% 8,722,032
Securities (Hong person
Kong) Co., Ltd.
Domestic
Dongxing
non-state legal 1.06% 8,000,429
Securities
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. 47,861,730 listed in domestic 47,861,730
exchanges
GUOTAI JUNAN Foreign shares
SECURITIES(HONGKONG) 33,613,209 listed in domestic 33,613,209
LIMITED exchanges
RMB common
Huang Jupei 25,701,000 25,701,000
shares
Shenzhen Shilihe Investment Co., RMB common
17,860,992 17,860,992
Ltd. shares
RMB common
Zhou Shijian 16,213,500 16,213,500
shares
Huabao Trust Co., Ltd. – Tiangao 15,042,660 RMB common 15,042,660
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方大集团股份有限公司 2016 年第一季度报告全文
Capital No.1 Trust Program shares
Foreign shares
Haitong International Securities
11,820,966 listed in domestic 11,820,966
Company Limited-Account Client
exchanges
Foreign shares
Shenwan Hongyuan Securities
8,722,032 listed in domestic 8,722,032
(Hong Kong) Co., Ltd.
exchanges
RMB common
Dongxing Securities 8,000,429 8,000,429
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 25,700,000 shares of the Company through the client credit trade
Top-10 common share shareholders
securities account of GF Securities; Zhou Shijian holds 16,213,500 shares of the Company
participating in margin trade
through the client credit trade securities account of GF Securities;
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
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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方大集团股份有限公司 2016 年第一季度报告全文
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
Notes receivable 47,543,213.60 97,247,660.56 -51.11% Mainly payments received
Mainly due to increase in
Prepayment 45,084,219.76 30,057,063.90 50.00%
prepayment for materials
Other current Mainly due to purchase
60,794,200.44 11,395,718.05 433.48%
assets financial products
Construction in Mainly due to increased
45,492,707.69 15,134,390.90 200.59%
process investment in PV power plants
Employees’
18,527,537.14 40,942,428.05 -54.75% Annual bonus paid
wage payable
Mainly due to increase in
Prepayment
282,084,568.87 130,574,319.85 116.03% payment received from sales
received
of houses
Amount of the
Items Last period Change Cause of change
Current Term
Net profit attributable Increase in income and profit
to the owners of 22,188,780.56 15,504,344.70 43.11% from the subway screen door
parent company business
Cash flow generated Prepaid construction payment
by business -59,715,816.88 -235,696,168.76 for Fangda Town renovation
operations, net project last year
Cash flow generated
Recovery of financial products
by investment -64,130,091.37 207,321,960.95
in the same period last year
activities, net
Net cash flow
Mainly due to increase in
generated by 108,178,237.33 62,129,337.47 74.12%
balance of bank loans
financing activities
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
1. The Company received the Shenzhen House Presales Certificate on December 18, 2015 for the Fangda Town
renovation project. The presales area is 40,400 m2.
2. The private share issuance in 2015 has been approved by CSRC on March 9, 2016. The formal approval
document has not been received.
Key issue Date of disclosure Information source
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方大集团股份有限公司 2016 年第一季度报告全文
Notice on receiving the Shenzhen House
21.12.15 www.cninfo.com.cn
Presales Certificate
Private share issuance in 2015 10.03.16 www.cninfo.com.cn
3. Promises fulfilled and not fulfilled by the Company, shareholders, actual controller,
acquirer, directors, supervisors, senior management or other associates in the report period
□ Applicable √ Inapplicable
There is no promises fulfilled and not fulfilled by the Company, shareholders, actual controller, acquirer, directors,
supervisors, senior management or other associates in the report period.
4. Forecast of operating performance between January and June in 2016
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
√ Applicable □ Inapplicable
Number
Number
of shares
of shares Closing
Initial held at Opening Closing
Abbreviat held at book Gain/loss Accounti
Securities Code investmen beginning sharehold sharehold Source
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 82,680,00 82,680,00 13,089,69 -1,456,51 onal
Stock 00702 0.47% 0.47% Purchase
Holdings 5.00 0 0 0.90 5.68 financial
Ltd assets
16,263,67 82,680,00 82,680,00 13,089,69 -1,456,51
Total -- -- -- --
5.00 0 0 0.90 5.68
Disclosure date of approval by
the Board of Directors of 11.03.14
securities investment
Disclosure date of securities
investment approval by the None
Shareholders’ Meeting (if any)
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方大集团股份有限公司 2016 年第一季度报告全文
6. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Proporti
on of
closing
investm
Actual
Derivati Impairm ent
Initial Amount Closing gain/lo
ve Related Amount ent amount
Relation Initial Start End investm sold in investm ss in
investm transacti Type in this provisio in the
ship amount date date ent this ent the
ent on period n (if closing
amount period amount report
operator any) net
period
assets in
the
report
period
Shangha
i Shanghai
4,759.2 02.03.1 15.12.1 4,759.2 4,759.2
Futures None No aluminu 0 0 0 3.55% 0.83
76 6 7 7
Exchan m
ge
4,759.2 4,759.2 4,759.2
Total -- -- 0 0 0 3.55% 0.83
7 7 7
Capital source Self-owned fund
Lawsuit (if any) None
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)
Risk analysis and control measures
To prevent the risk of fluctuation of raw material prices, the Company adopted the
for the derivative holding in the
aluminum futures exchanged at the domestic futures exchange to provide hedging for
report period (including without
aluminum as a raw material for the Company. The Company has set up and implemented the
limitation market, liquidity, credit,
Provicial Regulations on China Fangda Group Domestic Futures Hedging to prevent risks.
operaton and legal risks)
Changes in the market price or fair
value of the derivative in the report
period, the analysis of the derivative’s Fair value of derivatives are measured at open prices in the futures market
fair value should disclose the method
used and related assumptions and
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方大集团股份有限公司 2016 年第一季度报告全文
parameters.
Material changes in the accounting
policies and rules related to the
No
derivative in the report period
compared to last period
Oppinions of independent directors
on the Company’s derivative None
investment and risk controlling
7. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Time/date Way Visitor Disclosure of information
12.01.16 Onsite investigation Institution Business and future development
07.03.16 Onsite investigation Institution Business and future development
11.03.16 Onsite investigation Institution Business and future development
16.03.16 Onsite investigation Institution Business and future development
8. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
9. Non-operating capital use by the controlling shareholder or related parties in the reporting
term
□ Applicable √ Inapplicable
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company
during the report period.
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方大集团股份有限公司 2016 年第一季度报告全文
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
31.03.16
In RMB
Items Closing balance Opening balance
Current asset:
Monetary capital 370,312,459.61 400,953,337.32
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into 13,089,690.90 14,546,206.58
current income account
Derivative financial assets 1,029,750.00
Notes receivable 47,543,213.60 97,247,660.56
Account receivable 1,453,667,876.63 1,405,718,134.89
Prepayment 45,084,219.76 30,057,063.90
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other receivables 66,172,585.16 53,095,948.46
Repurchasing of financial assets
Inventory 1,441,005,103.95 1,346,591,303.53
Assets held for sales
Non-current assets due in 1 year
Other current assets 60,794,200.44 11,395,718.05
Total current assets 3,498,699,100.05 3,359,605,373.29
Non-current assets:
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方大集团股份有限公司 2016 年第一季度报告全文
Loan and advancement provided
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 10,314,928.49 10,489,680.93
Investment real estate 335,172,836.88 335,328,805.74
Fixed assets 455,705,836.98 462,648,998.51
Construction in process 45,492,707.69 15,134,390.90
Engineering materials
Disposal of fixed assets 0.00 5,326.79
Productive biological assets 0.00
Gas & petrol 0.00
Intangible assets 94,042,633.60 95,062,982.48
R&D expense 0.00
Goodwill 19,826,696.97 19,826,696.97
Long-term amortizable expenses 7,325,678.68 6,614,788.88
Deferred income tax assets 66,497,018.01 65,926,810.52
Other non-current assets 92,871,180.91 93,503,956.39
Total of non-current assets 1,127,249,518.21 1,104,542,438.11
Total of assets 4,625,948,618.26 4,464,147,811.40
Current liabilities
Short-term loans 1,183,000,000.00 1,147,957,775.82
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 39,350.00
Notes payable 327,052,355.67 303,527,639.63
Account payable 765,840,426.93 867,628,355.65
Prepayment received 282,084,568.87 130,574,319.85
Selling of repurchased financial
assets
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方大集团股份有限公司 2016 年第一季度报告全文
Fees and commissions payable
Employees’ wage payable 18,527,537.14 40,942,428.05
Taxes payable 58,894,725.64 67,533,433.70
Interest payable 3,032,433.73 3,241,834.43
Dividend payable
Other payables 59,251,425.40 82,677,346.81
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liabilities due in 1
0.00
year
Other current liabilities 98,425,600.00 98,425,600.00
Total current liabilities 2,796,148,423.38 2,742,508,733.94
Non-current liabilities:
Long-term loans 388,850,383.46 300,395,582.06
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable 0.00
Long-term employees’ wage
payable
Special payables
Anticipated liabilities 1,393,879.27 1,921,446.51
Deferred earning 12,312,125.87 12,284,195.68
Deferred income tax liabilities 73,228,379.61 72,994,768.34
Other non-current liabilities 0.00
Total of non-current liabilities 475,784,768.21 387,595,992.59
Total liabilities 3,271,933,191.59 3,130,104,726.53
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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方大集团股份有限公司 2016 年第一季度报告全文
Capital reserves 79,099,650.17 79,099,619.14
Less: Shares in stock
Other miscellaneous income 933,671.63 91,831.63
Special reserves
Surplus reserves 51,123,554.51 51,123,554.51
Common risk provisions
Retained profit 454,460,205.12 432,271,424.56
Total of owner’s equity belong to the
1,342,526,986.43 1,319,496,334.84
parent company
Minor shareholders’ equity 11,488,440.24 14,546,750.03
Total of owners’ equity 1,354,015,426.67 1,334,043,084.87
Total of liabilities and owner’s interest 4,625,948,618.26 4,464,147,811.40
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
In RMB
Items Closing balance Opening balance
Current asset:
Monetary capital 67,149,061.20 25,833,130.83
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 345,960.74 345,960.74
Prepayment 15,122.97 67,893.61
Interest receivable
Dividend receivable 0.00
Other receivables 460,823,651.74 375,591,349.76
Inventory
Assets held for sales
Non-current assets due in 1 year
Other current assets 850,844.86 990,624.25
Total current assets 529,184,641.51 402,828,959.19
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方大集团股份有限公司 2016 年第一季度报告全文
Non-current assets:
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 1,017,525,896.69 967,700,649.13
Investment real estate 290,288,531.53 290,288,531.53
Fixed assets 56,991,760.74 57,647,245.73
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 1,813,495.98 1,907,601.33
R&D expense
Goodwill
Long-term amortizable expenses 377,314.39 403,800.10
Deferred income tax assets 38,086,889.29 37,948,384.39
Other non-current assets 220,000,000.00 220,000,000.00
Total of non-current assets 1,625,083,888.62 1,575,896,212.21
Total of assets 2,154,268,530.13 1,978,725,171.40
Current liabilities
Short-term loans 300,000,000.00 350,000,000.00
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 693,045.60 748,421.47
Employees’ wage payable 883,569.73 1,868,710.30
Taxes payable 606,123.97 1,338,421.09
Interest payable 606,268.55 726,993.55
Dividend payable
Other payables 382,733,485.22 155,183,721.49
Liabilities held for sales
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方大集团股份有限公司 2016 年第一季度报告全文
Non-current liabilities due in 1
year
Other current liabilities 98,425,600.00 98,425,600.00
Total current liabilities 784,555,034.92 608,898,809.75
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 121,032,527.40 120,953,378.63
Other non-current liabilities
Total of non-current liabilities 121,032,527.40 120,953,378.63
Total liabilities 905,587,562.32 729,852,188.38
Owner’s equity:
Share capital 756,909,905.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 38,598,994.79 38,598,963.76
Less: Shares in stock
Other miscellaneous income 91,831.63 91,831.63
Special reserves
Surplus reserves 51,123,554.51 51,123,554.51
Retained profit 401,956,681.88 402,148,728.12
Total of owners’ equity 1,248,680,967.81 1,248,872,983.02
Total of liabilities and owner’s interest 2,154,268,530.13 1,978,725,171.40
3. Consolidated Income Statement
In RMB
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方大集团股份有限公司 2016 年第一季度报告全文
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 469,103,396.78 478,296,193.16
Incl. Business income 469,103,396.78 478,296,193.16
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 444,905,754.32 462,837,415.79
Incl. Business cost 391,319,798.18 400,341,153.97
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 5,896,598.98 6,795,101.17
Sales expense 11,110,937.46 14,062,688.37
Administrative expense 36,395,114.82 38,354,341.95
Financial expenses 10,022,552.32 10,470,656.03
Asset impairment loss -9,839,247.44 -7,186,525.70
Plus: gains from change of fair value
-1,456,515.68 688,412.00
(“-“ for loss)
Investment gains (“-“ for loss) -116,407.24 490,492.08
Incl. Investment gains from
-174,752.44 212,000.58
affiliates and joint ventures
Exchange gains (“-“ for loss)
3. Operational profit (“-“ for loss) 22,624,719.54 16,637,681.45
Plus: non-operational income 2,018,111.17 1,241,566.56
Incl. Loss from disposal of
22,418.22 47,272.92
non-current assets
Less: non-operational expenditure 1,266,037.76 460,297.05
Incl. Loss from disposal of
493,011.35 268,809.50
non-current assets
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方大集团股份有限公司 2016 年第一季度报告全文
4. Gross profit (“-“ for loss) 23,376,792.95 17,418,950.96
Less: Income tax expenses 4,246,322.18 3,497,266.94
5. Net profit (“-“ for net loss) 19,130,470.77 13,921,684.02
Net profit attributable to the owners
22,188,780.56 15,504,344.70
of parent company
Minor shareholders’ equity -3,058,309.79 -1,582,660.68
6. After-tax net amount of other misc.
841,840.00 1,190,467.50
incomes
After-tax net amount of other misc.
841,840.00 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
841,840.00 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 sale
3 Held-to-mature investment
reclassified as gain and loss in the
financial assets for sales
4. Effective part in the gain
841,840.00 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 19,972,310.77 15,112,151.52
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方大集团股份有限公司 2016 年第一季度报告全文
Total of misc. incomes attributable
23,030,620.56 16,694,812.20
to the owners of the parent company
Total misc gains attributable to the
-3,058,309.79 -1,582,660.68
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.03 0.02
(2) Diluted earnings per share 0.03 0.02
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 7,246,856.81 7,393,884.45
Less: Operation cost 350,972.35 353,341.70
Business tax and surcharge 768,784.87 592,342.65
Sales expense
Administrative expense 5,459,504.20 5,445,073.39
Financial expenses 1,783,122.18 2,262,140.00
Asset impairment loss 26,016.25 -629.56
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss) -169,327.78 267,962.22
Incl. Investment gains from
-174,752.44 212,000.58
affiliates and joint ventures
2. Operational profit (“-“ for loss) -1,310,870.82 -990,421.51
Plus: non-operational income 1,148,843.27 220,267.27
Incl. Loss from disposal of
non-current assets
Less: non-operational expenditure 89,374.82 1,172.32
Incl. Loss from disposal of
non-current assets
3. Gross profit (“-“ for loss) -251,402.37 -771,326.56
Less: Income tax expenses -59,356.13 -199,596.20
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方大集团股份有限公司 2016 年第一季度报告全文
4. Net profit (“-“ for net loss) -192,046.24 -571,730.36
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 -192,046.24 -571,730.36
7. Earnings per share:
(1) Basic earnings per share 0.00
(2) Diluted earnings per share 0.00
5. Consolidated Cash Flow Statement
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
20
方大集团股份有限公司 2016 年第一季度报告全文
operations:
Cash received from sales of
636,891,799.87 457,440,374.67
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 80,888.90 709,995.90
Other cash received from business
26,520,638.27 33,201,154.29
operation
Sub-total of cash inflow from business
663,493,327.04 491,351,524.86
operations
Cash paid for purchasing products
569,855,226.34 591,693,341.18
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
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方大集团股份有限公司 2016 年第一季度报告全文
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 72,576,097.44 79,484,303.73
Taxes paid 43,687,459.47 21,872,458.04
Other cash paid for business
37,090,360.67 33,997,590.67
activities
Sub-total of cash outflow from
723,209,143.92 727,047,693.62
business operations
Cash flow generated by business
-59,715,816.88 -235,696,168.76
operations, net
2. Cash flow generated by investment:
Cash received from investment
86,000,000.00 311,500,000.00
recovery
Cash received as investment profit 87,675.20 1,278,491.50
Net cash retrieved from disposal
of fixed assets, intangible assets, and 3,042,427.80 130,000.00
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
89,130,103.00 312,908,491.50
from investment
Cash paid for construction of
fixed assets, intangible assets and other 17,210,194.37 18,086,530.55
long-term assets
Cash paid as investment 136,000,000.00 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 50,000.00
Subtotal of cash outflows 153,260,194.37 105,586,530.55
Cash flow generated by investment
-64,130,091.37 207,321,960.95
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
22
方大集团股份有限公司 2016 年第一季度报告全文
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
513,454,801.40 177,612,000.00
loans
Cash received from bond placing
Other cash received from
31.03 261.26
financing activities
Subtotal of cash inflow from financing
513,454,832.43 177,612,261.26
activities
Cash paid to repay debts 386,000,000.00 100,000,000.00
Cash paid as dividend, profit, or
18,750,977.53 15,482,923.79
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
525,617.57
activities
Subtotal of cash outflow from
405,276,595.10 115,482,923.79
financing activities
Net cash flow generated by financing
108,178,237.33 62,129,337.47
activities
4. Influence of exchange rate changes
311,278.28 -30,382.31
on cash and cash equivalents
5. Net increase in cash and cash
-15,356,392.64 33,724,747.35
equivalents
Plus: Balance of cash and cash
247,739,243.78 102,638,232.19
equivalents at the beginning of term
6. Balance of cash and cash equivalents
232,382,851.14 136,362,979.54
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
5,118,489.56 5,302,300.24
products and providing of services
Tax refunded
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方大集团股份有限公司 2016 年第一季度报告全文
Other cash received from business
326,581,279.11 223,117,704.34
operation
Sub-total of cash inflow from business
331,699,768.67 228,420,004.58
operations
Cash paid for purchasing products
484,636.92 696,453.22
and services
Cash paid to and for the staff 4,211,712.91 4,535,860.40
Taxes paid 1,583,084.62 696,383.10
Other cash paid for business
181,651,052.50 262,226,214.90
activities
Sub-total of cash outflow from
187,930,486.95 268,154,911.62
business operations
Cash flow generated by business
143,769,281.72 -39,734,907.04
operations, net
2. Cash flow generated by investment:
Cash received from investment
11,000,000.00 30,000,000.00
recovery
Cash received as investment profit 3,537,254.69 4,359,295.00
Net cash retrieved from disposal
of fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated
14,537,254.69 34,359,295.00
from investment
Cash paid for construction of
fixed assets, intangible assets and other 27,689.11 605,199.92
long-term assets
Cash paid as investment 61,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 61,027,689.11 605,199.92
Cash flow generated by investment
-46,490,434.42 33,754,095.08
activities, net
3. Cash flow generated by financing
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方大集团股份有限公司 2016 年第一季度报告全文
activities:
Cash received from investment
Cash received from borrowed
200,000,000.00 30,000,000.00
loans
Cash received from bond placing
Other cash received from
31.03
financing activities
Subtotal of cash inflow from financing
200,000,031.03 30,000,000.00
activities
Cash paid to repay debts 250,000,000.00
Cash paid as dividend, profit, or
5,437,331.26 5,614,733.32
interests
Other cash paid for financing
525,617.57
activities
Subtotal of cash outflow from
255,962,948.83 5,614,733.32
financing activities
Net cash flow generated by financing
-55,962,917.80 24,385,266.68
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
41,315,929.50 18,404,454.72
equivalents
Plus: Balance of cash and cash
25,583,130.83 22,006,065.49
equivalents at the beginning of term
6. Balance of cash and cash equivalents
66,899,060.33 40,410,520.21
at the end of the period
2. Auditor‘s report
Whether the Q1 report is audited
□ Yes √ No
The Q1 Report is not audited.
China Fangda Group Co., Ltd.
Legal representative: Xiong Jianming
April 26, 2016
25