2016 Third Quarter Report of China Fangda Group Co., Ltd.
China Fangda Group Co., Ltd.
2016 Third Quarter Report
October 2016
1
2016 Third 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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2016 Third 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
End of the report period End of last year Year-on-year change
Total asset (RMB) 6,066,447,741.87 4,464,147,811.40 35.89%
Net profit attributable to the
shareholders of the listed 1,819,187,610.13 1,319,496,334.84 37.87%
company (RMB)
Between beginning Change from the
Year-on-year change
This report period of the year to the end same period last
(%)
of the report period year
Turnover (yuan) 731,795,188.23 5.68% 1,741,251,237.98 -5.50%
Net profit attributable to
shareholders of the listed 61,100,083.90 201.91% 114,256,489.26 59.68%
company (yuan)
Net profit attributable to the
shareholders of the listed
56,370,833.65 10278.20% 100,635,923.22 179.31%
company and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-- -- 453,059,746.50
business operation (RMB)
Basic earnings per share
0.08 166.67% 0.15 50.00%
(yuan/share)
Diluted Earnings per share
0.08 166.67% 0.15 50.00%
(yuan/share)
Weighted average net
3.74% 2.12% 7.90% 2.24%
income/asset ratio
Accidental gain/loss item and amount
□ Yes √ No
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Non-current asset disposal gain/loss (including the write-off
-2,441,541.32
part for which assets impairment provision is made)
Subsidies accounted into the current income account
(except the government subsidy closely related to the
2,127,481.55
enterprise’s business and based on unified national
standard quota)
Gain from entrusted investment or assets management 337,756.16
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 1,957,710.84
financial assets, other than valid period value instruments
related to the Company’s common businesses
Gain/loss from change of fair value of investment property
11,003,145.91
measured at fair value in follow-up measurement
Other non-business income and expenditures other than the
4,561,603.00
above
Less: Influenced amount of income tax 3,915,836.90
Influenced amount of minority shareholders’ equity
9,753.20
(after-tax)
Total 13,620,566.04 --
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 ordinary shareholders and preferred shareholders with restored votes and
top-10 shareholders
In share
Number of shareholders of
Number of shareholders of
preferred stocks of which
common shares at the end of the 40,064 0
voting rights recovered in
report period
the report period (if any)
Top 10 Shareholders
Shareholder Properties of Shareholding Number of Conditional Pledging or freezing
4
2016 Third Quarter Report of China Fangda Group Co., Ltd.
shareholder shares shares Share status Amount
Shenzhen
Banglin Domestic
Technologies non-state legal 8.72% 68,774,273 Pledged 14,635,833
Development person
Co., Ltd.
Shengjiu Foreign legal
6.53% 51,535,870
Investment Ltd. person
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 4.37% 34,446,228
person
ONGKONG)
LIMITED
Domestic
Huang Jupei 3.41% 26,872,300
natural person
Shenzhen
Domestic
Shilihe
non-state legal 2.26% 17,860,992
Investment Co.,
person
Ltd.
Domestic
Zhou Shijian 2.05% 16,213,500
natural person
China Life
Insurance –
Dividend –
Personal Others 1.64% 12,909,730
Dividend –
005L-FH002
Shen
Shenwan
Hongyuan
Foreign legal
Securities 1.53% 12,034,961
person
(Hong Kong)
Co., Ltd.
Social security
fund-One-Six Others 1.40% 11,019,776
Portfolio
Agricultural
Bank of
China-Zhong Others 1.09% 8,600,080
You Core
Selected Mixed
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Securities
Investment
Fund
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
listed in
Shengjiu Investment Ltd. 51,535,870 51,535,870
domestic
exchanges
Foreign shares
GUOTAI JUNAN
listed in
SECURITIES(HONGKONG) 34,446,228 34,446,228
domestic
LIMITED
exchanges
RMB common
Huang Jupei 26,872,300 26,872,300
shares
Shenzhen Shilihe Investment RMB common
17,860,992 17,860,992
Co., Ltd. shares
RMB common
Zhou Shijian 16,213,500 16,213,500
shares
China Life Insurance – Dividend
RMB common
– Personal Dividend – 12,909,730 12,909,730
shares
005L-FH002 Shen
Foreign shares
Shenwan Hongyuan Securities listed in
12,034,961 12,034,961
(Hong Kong) Co., Ltd. domestic
exchanges
Social security fund-One-Six RMB common
11,019,776 11,019,776
Portfolio shares
Agricultural Bank of China-Zhong
RMB common
You Core Selected Mixed 8,600,080 8,600,080
shares
Securities Investment Fund
Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin
Notes to top ten shareholder
Technology Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are
relationship or "action in concert"
related parties. The Company is not notified of other action-in-concert or related
parties among the other holders of current shares.
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Top-10 common share Huang Jupe holds 26,871,300 shares through the GF Securities client trust trading
shareholders participating in guarantee securities account. Zhou Shijian holds 16,213,500 shares through the GF
margin trade (if any) Securities client trust trading 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 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
□ Applicable √ Inapplicable
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
III Significant Events
1. Major changes in accounting items and financial data in the report period and
reasons
√ Applicable □ Inapplicable
YOY
Closing amount in the Opening
Items change Cause of change
report period (RMB) amount (RMB)
(% )
Raised fund and house
Monetary capital 887,706,366.78 400,953,337.32 121.40%
presales amount
Financial assets measured
at fair value with variations Sales of SINO OIL & GAS
14,546,206.58 -100.00%
accounted into current shares
income account
Notes receivable 28,289,083.79 97,247,660.56 -70.91% Received payment
Increase in prepayment of
Prepayment 51,840,443.16 30,057,063.90 72.47%
material accounts
Increase in development
Inventory 1,857,922,617.59 1,346,591,303.53 37.97%
cost
Purchase of bank financial
Other current assets 367,984,615.98 11,395,718.05 3129.15%
products
Transfer of the PV power
Construction in process 3,898,800.79 15,134,390.90 -74.24% station items to fixed
assets
Increase in the percentage
Notes payable 506,899,501.73 303,527,639.63 67.00%
of bill payment
Presales of Fangda Town
Prepayment received 1,148,837,603.48 130,574,319.85 779.83%
project
Payment of deposit and
Other payables 53,409,632.80 82,677,346.81 -35.40%
lawsuit compensation
Return of leased precious
Other current liabilities 98,425,600.00 -100.00%
metal
Mainly premium of
Capital reserves 506,784,002.26 79,099,619.14 540.69%
non-public issued shares
Between beginning of
YOY
the year to the end of Same period
Items change Cause of change
the report period last year (RMB)
(% )
(RMB)
Impact of the VAT reform,
Business tax and surcharge 8,606,245.49 24,243,193.35 -64.50%
VAT is no longer paid
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Decrease in advertisement
Sales expense 38,476,387.89 58,059,078.68 -33.73%
cost
Decrease in interest
Financial expenses 24,322,562.64 39,341,301.37 -38.18%
expense
Gains from change of fair Adjustment of fair value of
9,903,745.77 58,798,815.22 -83.16%
value (“-“ for loss) investment real estate
Lawsuit compensation
Non-business expenses 3,816,088.83 15,672,186.75 -75.65% provided in the same
period last year
Cash received from sales of
Presales of Fangda Town
products and providing of 2,626,024,154.09 1,476,173,288.50 77.89%
project
services
Prepaid tax for Fangda
Taxes paid 204,252,974.89 77,538,406.71 163.42%
Town
Cash paid for construction
of fixed assets, intangible Continuous investment in
62,258,301.30 41,971,808.53 48.33%
assets and other long-term PV power plants
assets
Increase in purchase of
Cash paid as investment 477,000,000.00 171,700,000.00 177.81%
financial products
Investment payment
Cash received from
460,899,992.60 received from non-public
investment
issuance
Cash paid as dividend, Increase in distribution of
131,200,941.87 84,496,924.61 55.27%
profit, or interests dividends
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
1. The Fangda Town renovation project started sales in January 2016. The sales result is good with a sales amount of
RMB1.778 billion by the end of the report period. The project will be delivered between the end of 2016 and 2017, by then
the revenue will be recorded.
2. The 2015 non-public A-share issuance was completed during the period. A total of 32,184,931 shares were issued on
Shenzhen Stock Exchange on August 1, 2016 to raise RMB469,899,992.60. The actual raised amount is RMB459,869,219.88
after the issuance cost of RMB10,030,772.72 is deducted. Details are disclosed as follows:
Key issue Date of disclosure Information source
China Securities Journal, Shanghai
Non-public A-share issuance Securities Daily, Securities Times,
29.07.16
information and listing announcement HKCD (English) and
www.cninfo.com.cn
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
3. Commitments performed and not performed by the Company, shareholders,
actual controller, purchaser, directors, supervisors, senior management or other
related parties during the report period
√ Applicable □ Inapplicable
Commitment Acceptor Type Content Date Period Performance
Share reform
Commitments in acquisition report
or share change report
Commitments made in asset
reorganization
Caitong
Fund
Management
Co., Ltd.,
Changzhou
Investment
Group Co.,
Ltd., First
Capital
Securities Locking of
Co., Ltd., the
Fuguo Asset Share limited non-public
Commitments made in initial public In
Management sales issued 01.08.16 12 months
issuance or refinancing performance
(Shanghai) commitment shares for 12
Co., Ltd., months in
Sinomach 2015
Finance Co.,
Ltd.,
Minsheng
Tonghui
Asset
Management
Co., Lt., Ping
An-UOB
Fund
Option incentive scheme
Commitments made to
small-to-middle shareholders
Whether commitment is timely
Yes
performed
If the commitment is not timely Inapplicable
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
performed, the reason and further
plan should be explained
4 Forecast of operating performance 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 held at Closing
Securitie Abbreviat book Gain/los Accounti
Code investme beginnin sharehol end of sharehol Source
s ion value s (RMB) ng item
nt cost g of the ding the ding
(RMB)
period period
(share) (share)
Sino Oil Transacti
and Gas 16,263,67 82,680,00 1,957,710 onal
Stock 00702 0.21% 0 0.00% 0.00 Buy-in
Holdings 5.00 0 .84 financial
Ltd assets
16,263,67 82,680,00 1,957,710
Total -- 0 -- 0.00 -- --
5.00 0 .84
Disclosure date of approval
by the Board of Directors of 11.03.14
securities investment
Disclosure date of securities
investment approval by the
Shareholders’ Meeting (if
any)
6. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Derivati Amount Amount Impair Proport Actual
Initial Closing
ve Related bought sold ment ion of gain/lo
Relatio Initial Start End investm investm
investm transac Type in the the provisio closing ss in
nship amount date date ent ent
ent tion report report n (if investm the
amount amount
operato period period any) ent report
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
r amount period
in the
closing
net
assets
in the
report
period
Shangh
Shangh
ai
ai 8,775.7 01.01.1 15.08.1 8,775.7 4,719.2 4,056.5
Futures None No 0 2.23% 405.54
aluminu 66 7 6 5 1
Exchan
m
ge
8,775.7 8,775.7 4,719.2 4,056.5
Total -- -- 0 2.23% 405.54
6 6 5 1
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
To prevent the risk of fluctuation of raw material prices, the Company adopted the
measures for the derivative
aluminum futures exchanged at the domestic futures exchange to provide hedging
holding in the report period
for aluminum as a raw material for the Company. The Company has set up and
(including without limitation
implemented the Provicial Regulations on China Fangda Group Domestic Futures
market, liquidity, credit, operaton
Hedging to prevent risks.
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 should Measured at the open quotation of derivative fair value in the futures market
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
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Opinions 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 Study information source
Investment relationship activity table
16.08.16 Onsite investigation Institution
published on www.cninfo.com.cn
Investment relationship activity table
08.09.16 Onsite investigation Institution
published on www.cninfo.com.cn
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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2016 Third 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.
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 887,706,366.78 400,953,337.32
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into 0.00 14,546,206.58
current income account
Derivative financial assets 1,435,025.00
Notes receivable 28,289,083.79 97,247,660.56
Account receivable 1,610,030,859.98 1,405,718,134.89
Prepayment 51,840,443.16 30,057,063.90
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other receivables 61,383,733.82 53,095,948.46
Repurchasing of financial assets
Inventory 1,857,922,617.59 1,346,591,303.53
Assets held for sales
Non-current assets due in 1 year
Other current assets 367,984,615.98 11,395,718.05
Total current assets 4,866,592,746.10 3,359,605,373.29
Non-current assets:
Loan and advancement provided
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 12,519,346.26 10,489,680.93
Investment real estate 346,571,300.62 335,328,805.74
Fixed assets 565,034,427.66 462,648,998.51
Construction in process 3,898,800.79 15,134,390.90
Engineering materials
Disposal of fixed assets 3,665.29 5,326.79
Productive biological assets 0.00
Gas & petrol 0.00
Intangible assets 92,228,939.50 95,062,982.48
R&D expense 0.00
Goodwill 19,826,696.97 19,826,696.97
Long-term amortizable expenses 5,549,048.04 6,614,788.88
Deferred income tax assets 76,204,183.33 65,926,810.52
Other non-current assets 78,018,587.31 93,503,956.39
Total of non-current assets 1,199,854,995.77 1,104,542,438.11
Total of assets 6,066,447,741.87 4,464,147,811.40
Current liabilities
Short-term loans 855,000,000.00 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 0.00
Notes payable 506,899,501.73 303,527,639.63
Account payable 869,821,992.09 867,628,355.65
Prepayment received 1,148,837,603.48 130,574,319.85
Selling of repurchased financial
assets
Fees and commissions payable
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Employees’ wage payable 19,930,967.66 40,942,428.05
Taxes payable 57,263,665.07 67,533,433.70
Interest payable 2,398,598.66 3,241,834.43
Dividend payable
Other payables 53,409,632.80 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 year 0.00
Other current liabilities 0.00 98,425,600.00
Total current liabilities 3,513,561,961.49 2,742,508,733.94
Non-current liabilities:
Long-term loans 634,006,819.03 300,395,582.06
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable 0.00
Long-term employees’ wage
payable
Special payables
Anticipated liabilities 2,406,519.03 1,921,446.51
Deferred earning 12,476,186.29 12,284,195.68
Deferred income tax liabilities 76,150,838.63 72,994,768.34
Other non-current liabilities 0.00
Total of non-current liabilities 725,040,362.98 387,595,992.59
Total liabilities 4,238,602,324.47 3,130,104,726.53
Owner’s equity:
Share capital 789,094,836.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 506,784,002.26 79,099,619.14
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Less: Shares in stock
67. Other miscellaneous income 1,348,294.04 91,831.63
Special reserves
Surplus reserves 51,123,554.51 51,123,554.51
Common risk provisions
Retained profit 470,836,923.32 432,271,424.56
Total of owner’s equity belong to the
1,819,187,610.13 1,319,496,334.84
parent company
Minor shareholders’ equity 8,657,807.27 14,546,750.03
Total of owners’ equity 1,827,845,417.40 1,334,043,084.87
Total of liabilities and owner’s interest 6,066,447,741.87 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 Ending balance
Current asset:
Monetary capital 98,489,959.16 25,833,130.83
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 22,865.24 345,960.74
Prepayment 18,722.97 67,893.61
Interest receivable
Dividend receivable 0.00
Other receivables 819,894,332.43 375,591,349.76
Inventory
Assets held for sales
Non-current assets due in 1 year
Other current assets 623,472.42 990,624.25
Total current assets 919,049,352.22 402,828,959.19
Non-current assets:
17
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity investment 969,730,314.46 967,700,649.13
Investment real estate 300,742,128.44 290,288,531.53
Fixed assets 55,690,656.96 57,647,245.73
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 1,625,285.28 1,907,601.33
R&D expense
Goodwill
Long-term amortizable expenses 324,342.97 403,800.10
Deferred income tax assets 37,762,333.93 37,948,384.39
Other non-current assets 120,000,000.00 220,000,000.00
Total of non-current assets 1,485,875,062.04 1,575,896,212.21
Total of assets 2,404,924,414.26 1,978,725,171.40
Current liabilities
Short-term loans 350,000,000.00 350,000,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 33,692,909.97
Account payable 606,941.85 606,941.85
Prepayment received 993,045.60 748,421.47
Employees’ wage payable 919,883.43 1,868,710.30
Taxes payable 425,163.82 1,338,421.09
Interest payable 456,145.83 726,993.55
Dividend payable
Other payables 253,804,030.58 155,183,721.49
Liabilities held for sales
Non-current liabilities due in 1 year
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
Other current liabilities 0.00 98,425,600.00
Total current liabilities 640,898,121.08 608,898,809.75
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 123,894,195.17 120,953,378.63
Other non-current liabilities
Total of non-current liabilities 123,894,195.17 120,953,378.63
Total liabilities 764,792,316.25 729,852,188.38
Owner’s equity:
Share capital 789,094,836.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 466,283,346.88 38,598,963.76
Less: Shares in stock
67. Other miscellaneous income 91,831.63 91,831.63
Special reserves
Surplus reserves 51,123,554.51 51,123,554.51
Retained profit 333,538,528.99 402,148,728.12
Total of owners’ equity 1,640,132,098.01 1,248,872,983.02
Total of liabilities and owner’s interest 2,404,924,414.26 1,978,725,171.40
3. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
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2016 Third Quarter Report of China Fangda Group Co., Ltd.
1. Total revenue 731,795,188.23 692,471,803.42
Incl. Business income 731,795,188.23 692,471,803.42
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 669,723,232.46 702,340,264.75
Incl. Business cost 586,182,911.95 604,206,824.70
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
2,248,517.37 6,705,953.13
surcharge
Sales expense 13,059,085.05 17,049,941.22
Administrative expense 42,074,537.95 41,972,129.03
Financial expenses 6,734,708.08 13,731,566.70
Asset impairment loss 19,423,472.06 18,673,849.97
Plus: gains from change of fair
-259,664.68 23,353,053.91
value (“-“ for loss)
Investment gains (“-“ for
2,714,389.76 -29,732.90
loss)
Incl. Investment gains
-570,556.79 -43,837.01
from affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 64,526,680.85 13,454,859.68
Plus: non-operational income 3,671,724.85 2,430,547.71
Incl. Loss from disposal of
38,076.85
non-current assets
20
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Less: non-operational
471,543.40 29,054.96
expenditure
Incl. Loss from disposal of
94,562.96 22,418.03
non-current assets
4. Gross profit (“-“ for loss) 67,726,862.30 15,856,352.43
Less: Income tax expenses 7,987,577.22 -248,196.41
5. Net profit (“-“ for net loss) 59,739,285.08 16,104,548.84
Net profit attributable to the
61,100,083.90 20,237,940.89
owners of parent company
Minor shareholders’ equity -1,360,798.82 -4,133,392.05
6. After-tax net amount of other
210,601.16 1,229,057.50
misc. incomes
After-tax net amount of other
misc. incomes attributed to parent's 210,601.16 1,229,057.50
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
210,601.16 1,229,057.50
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 173,910.00 1,229,057.50
flow
21
2016 Third Quarter Report of China Fangda Group Co., Ltd.
5. Translation difference
36,691.16
of foreign exchange statement
6. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 59,949,886.24 17,333,606.34
Total of misc. incomes
attributable to the owners of the 61,310,685.06 21,466,998.39
parent company
Total misc gains attributable to
-1,360,798.82 -4,133,392.05
the minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.08 0.03
(2) Diluted earnings per share 0.08 0.03
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. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 7,463,131.10 7,295,422.90
Less: Operation cost 1,126,232.22 1,283,898.45
Business tax and
230,773.43 575,670.62
surcharge
Sales expense
Administrative expense 5,775,984.04 6,942,135.20
Financial expenses 1,900,739.52 3,141,232.06
Asset impairment loss -22,147.35 -1,237,554.45
Plus: gains from change of fair
25,486,927.91
value (“-“ for loss)
Investment gains (“-“ for
-570,556.79 -33,237.01
loss)
Incl. Investment gains from
-570,556.79 -43,837.01
affiliates and joint ventures
2. Operational profit (“-“ for loss) -2,119,007.55 22,043,731.92
22
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Plus: non-operational income 1,881,870.81 722,641.52
Incl. Loss from disposal of
non-current assets
Less: non-operational
989.33
expenditure
Incl. Loss from disposal of
989.33
non-current assets
3. Gross profit (“-“ for loss) -237,136.74 22,765,384.11
Less: Income tax expenses -61,545.95 5,831,632.85
4. Net profit (“-“ for net loss) -175,590.79 16,933,751.26
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
23
2016 Third Quarter Report of China Fangda Group Co., Ltd.
6. Total of misc. incomes -175,590.79 16,933,751.26
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
5. Consolidated Income Statement Between the Beginning of the Year and End of the Report
Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 1,741,251,237.98 1,842,587,326.95
Incl. Business income 1,741,251,237.98 1,842,587,326.95
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 1,634,542,062.22 1,816,903,028.98
Incl. Business cost 1,417,490,531.56 1,544,694,083.05
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
8,606,245.49 24,243,193.35
surcharge
Sales expense 38,476,387.89 58,059,078.68
Administrative expense 115,875,289.97 117,519,440.67
Financial expenses 24,322,562.64 39,341,301.37
Asset impairment loss 29,771,044.67 33,045,931.86
Plus: gains from change of fair
9,903,745.77 58,798,815.22
value (“-“ for loss)
24
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Investment gains (“-“ for
2,424,532.42 1,518,264.78
loss)
Incl. Investment gains from
-970,334.67 1,213,157.93
affiliates and joint ventures
Exchange gains (“-“ for
loss)
3. Operational profit (“-“ for loss) 119,037,453.95 86,001,377.97
Plus: non-operational income 10,035,454.01 5,856,472.16
Incl. Loss from disposal of
106,648.92 50,854.12
non-current assets
Less: non-operational
3,816,088.83 15,672,186.75
expenditure
Incl. Loss from disposal of
2,548,190.24 527,223.08
non-current assets
4. Gross profit (“-“ for loss) 125,256,819.13 76,185,663.38
Less: Income tax expenses 16,889,272.63 15,919,999.63
5. Net profit (“-“ for net loss) 108,367,546.50 60,265,663.75
Net profit attributable to the
114,256,489.26 71,555,589.76
owners of parent company
Minor shareholders’ equity -5,888,942.76 -11,289,926.01
6. After-tax net amount of other
1,256,462.41
misc. incomes
After-tax net amount of other
misc. incomes attributed to parent's 1,256,462.41
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
1,256,462.41
be re-classified into gain and loss
1. Shares enjoyed in
other misc. incomes that cannot be
25
2016 Third Quarter Report of China Fangda Group Co., Ltd.
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 1,219,771.25
flow
5. Translation difference
36,691.16
of foreign exchange statement
6. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 109,624,008.91 60,265,663.75
Total of misc. incomes
attributable to the owners of the 115,512,951.67 71,555,589.76
parent company
Total misc gains attributable to
-5,888,942.76 -11,289,926.01
the minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.15 0.10
(2) Diluted earnings per share 0.15 0.10
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 .
6. Income Statement of the Parent Between the Beginning of the Year and End of the Report
Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 21,963,021.73 22,672,732.63
Less: Operation cost 2,145,638.58 2,954,114.33
Business tax and
1,450,961.07 1,803,497.27
surcharge
Sales expense
Administrative expense 17,328,731.88 18,219,065.91
26
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Financial expenses 5,460,370.26 8,262,038.92
Asset impairment loss -6,965.80 8,851.54
Plus: gains from change of fair
10,453,596.91 58,255,835.22
value (“-“ for loss)
Investment gains (“-“ for
-964,910.01 1,279,719.57
loss)
Incl. Investment gains from
-970,334.67 1,213,157.93
affiliates and joint ventures
2. Operational profit (“-“ for loss) 5,072,972.64 50,960,719.45
Plus: non-operational income 5,224,060.55 1,474,496.81
Incl. Loss from disposal of
3,581.20
non-current assets
Less: non-operational
89,374.82 4,093.73
expenditure
Incl. Loss from disposal of
2,921.41
non-current assets
3. Gross profit (“-“ for loss) 10,207,658.37 52,431,122.53
Less: Income tax expenses 3,126,867.00 13,461,315.63
4. Net profit (“-“ for net loss) 7,080,791.37 38,969,806.90
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
27
2016 Third Quarter Report of China Fangda Group Co., Ltd.
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 7,080,791.37 38,969,806.90
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report
Period
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
2,626,024,154.09 1,476,173,288.50
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
28
2016 Third Quarter Report of China Fangda Group Co., Ltd.
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 1,289,574.20 2,191,881.76
Other cash received from
104,789,436.94 68,990,592.93
business operation
Sub-total of cash inflow from
2,732,103,165.23 1,547,355,763.19
business operations
Cash paid for purchasing
1,759,450,109.31 1,496,112,218.86
products 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 fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 185,909,998.13 212,820,541.03
Taxes paid 204,252,974.89 77,538,406.71
Other cash paid for business
129,430,336.40 124,871,059.55
activities
Sub-total of cash outflow from
2,279,043,418.73 1,911,342,226.15
business operations
Cash flow generated by business
453,059,746.50 -363,986,462.96
operations, net
2. Cash flow generated by
investment:
Cash received from investment
237,446,806.49 349,500,000.00
recovery
Cash received as investment
3,595,463.32 2,505,106.85
profit
29
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Net cash retrieved from
disposal of fixed assets, intangible 14,192,782.10 134,190.00
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
255,235,051.91 352,139,296.85
from investment
Cash paid for construction of
fixed assets, intangible assets and 62,258,301.30 41,971,808.53
other long-term assets
Cash paid as investment 477,000,000.00 171,700,000.00
Net increase of loan against
pledge
Net cash paid for acquiring
subsidiaries and other operational
units
Other cash paid for investment 2,950,000.00 306,400.00
Subtotal of cash outflows 542,208,301.30 213,978,208.53
Cash flow generated by investment
-286,973,249.39 138,161,088.32
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment 460,899,992.60
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
1,108,611,236.97 1,371,417,018.19
loans
Cash received from bond
placing
Other cash received from
31.03
financing activities
Subtotal of cash inflow from
1,569,511,260.60 1,371,417,018.19
financing activities
Cash paid to repay debts 1,107,925,600.00 843,132,851.55
30
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Cash paid as dividend, profit, or
131,200,941.87 84,496,924.61
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
1,307,454.51 53,939,000.00
activities
Subtotal of cash outflow from
1,240,433,996.38 981,568,776.16
financing activities
Net cash flow generated by
329,077,264.22 389,848,242.03
financing activities
4. Influence of exchange rate
changes on cash and cash 552,729.65 -24,807.16
equivalents
5. Net increase in cash and cash
495,716,490.98 163,998,060.23
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
743,455,734.76 266,636,292.42
equivalents at the end of the period
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report
Period
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
19,149,196.90 16,554,613.66
products and providing of services
Tax refunded
Other cash received from
613,546,935.28 1,075,111,750.73
business operation
Sub-total of cash inflow from
632,696,132.18 1,091,666,364.39
business operations
Cash paid for purchasing
8,763,774.47 43,918,453.72
products and services
Cash paid to and for the staff 10,673,941.85 11,510,697.67
Taxes paid 3,209,222.02 2,111,259.38
Other cash paid for business 921,945,103.13 1,104,733,516.84
31
2016 Third Quarter Report of China Fangda Group Co., Ltd.
activities
Sub-total of cash outflow from
944,592,041.47 1,162,273,927.61
business operations
Cash flow generated by business
-311,895,909.29 -70,607,563.22
operations, net
2. Cash flow generated by
investment:
Cash received from investment
161,000,000.00 30,000,000.00
recovery
Cash received as investment
10,047,687.60 25,034,495.04
profit
Net cash retrieved from
disposal of fixed assets, intangible 300,000.00 4,190.00
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
171,347,687.60 55,038,685.04
from investment
Cash paid for construction of
fixed assets, intangible assets and 221,286.61 761,887.01
other long-term assets
Cash paid as investment 64,000,000.00
Net cash paid for acquiring
subsidiaries and other operational
units
Other cash paid for investment
Subtotal of cash outflows 64,221,286.61 761,887.01
Cash flow generated by investment
107,126,400.99 54,276,798.03
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment 460,899,992.60
Cash received from borrowed
350,000,000.00 447,801,567.21
loans
Cash received from bond
placing
32
2016 Third Quarter Report of China Fangda Group Co., Ltd.
Other cash received from
31.03
financing activities
Subtotal of cash inflow from
810,900,023.63 447,801,567.21
financing activities
Cash paid to repay debts 448,425,600.00 300,000,000.00
Cash paid as dividend, profit, or
90,479,214.49 40,796,763.77
interests
Other cash paid for financing
1,307,454.51
activities
Subtotal of cash outflow from
540,212,269.00 340,796,763.77
financing activities
Net cash flow generated by
270,687,754.63 107,004,803.44
financing activities
4. Influence of exchange rate
changes on cash and cash
equivalents
5. Net increase in cash and cash
65,918,246.33 90,674,038.25
equivalents
Plus: Balance of cash and cash
25,582,149.17 22,006,065.49
equivalents at the beginning of term
6. Balance of cash and cash
91,500,395.50 112,680,103.74
equivalents at the end of the period
2. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
33