方大集团股份有限公司 2017 年第一季度报告全文
China Fangda Group Co., Ltd.
2017 First Quarter Report
April 2017
1
方大集团股份有限公司 2017 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.
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.
2
方大集团股份有限公司 2017 年第一季度报告全文
II. General Information
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) 573,546,634.49 469,103,396.78 22.26%
Net profit attributable to shareholders of
67,759,233.14 22,188,780.56 205.38%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 64,053,467.14 23,019,578.47 178.26%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-4,846,476.55 -59,715,816.88
operation (RMB)
Basic earnings per share (yuan/share) 0.09 0.03 200.00%
Diluted Earnings per share (yuan/share) 0.09 0.03 200.00%
Weighted average net income/asset ratio 2.83% 1.67% 1.16%
End of the report period End of last year Year-on-year change
Total asset (RMB) 6,539,538,168.48 6,787,051,278.08 -3.65%
Net profit attributable to the shareholders
2,432,733,187.34 2,364,262,560.28 2.90%
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
-71,713.80
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 995,063.30
and based on unified national standard quota)
Gain from entrusted investment or assets management 1,538,250.89
Gain/loss from change of fair value of investment property
369,591.00
measured at fair value in follow-up measurement
3
方大集团股份有限公司 2017 年第一季度报告全文
Other non-business income and expenditures other than the above 1,455,060.20
Less: Influenced amount of income tax 542,363.59
Influenced amount of minority shareholders’ equity
38,122.00
(after-tax)
Total 3,705,766.00 --
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. 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
41,234 0
shares at the end of the report period voting rights recovered in the
report period (if any)
Top 10 Shareholders
Nature of Shareholding Conditional Pledging or freezing
Shareholder Number of shares
shareholder percentage shares Share status Amount
Shenzhen
Banglin Domestic
Technologies non-state legal 8.72% 68,774,273 0 Pledged 17,910,000
Development person
Co., Ltd.
Shengjiu Foreign legal
7.27% 57,390,410 0
Investment Ltd. person
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 4.21% 33,221,072 0
person
ONGKONG)
LIMITED
Domestic natural
Huang Jupei 3.38% 26,686,432 0
person
Gong Qing Domestic 2.26% 17,860,992 0
4
方大集团股份有限公司 2017 年第一季度报告全文
Cheng Shi Li He non-state legal
Investment person
Management
Partnership
Enterprise
(limited partner)
Domestic natural
Zhou Shijian 2.05% 16,213,500 0
person
Shenwan
Hongyuan Foreign legal
1.76% 13,850,305 0
Securities (Hong person
Kong) Co., Ltd.
China Resource
SZITIC Trust –
China Resource
Others 1.23% 9,726,136 0
Trust No.13
Collective Trust
Program
Yunnan
International
Trust CO., Ltd. –
Others 1.16% 9,164,857 0
Juxin No.5
Collective Fund
Trust Program
First Capital
Securities –
Guosen Securities
– Mutual Win
Dayan
Others 0.82% 6,438,356 6,438,356
Quantization
Private Placement
Collective Assets
Management
Program
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
Shengjiu Investment Ltd. 57,390,410 Foreign shares 57,390,410
5
方大集团股份有限公司 2017 年第一季度报告全文
listed in domestic
exchanges
GUOTAI JUNAN Foreign shares
SECURITIES(HONGKONG) 33,221,072 listed in domestic 33,221,072
LIMITED exchanges
RMB common
Huang Jupei 26,686,432 26,686,432
shares
Gong Qing Cheng Shi Li He
RMB common
Investment Management Partnership 17,860,992 17,860,992
shares
Enterprise (limited partner)
RMB common
Zhou Shijian 16,213,500 16,213,500
shares
Foreign shares
Shenwan Hongyuan Securities
13,850,305 listed in domestic 13,850,305
(Hong Kong) Co., Ltd.
exchanges
China Resource SZITIC Trust –
RMB common
China Resource Trust No.13 9,726,136 9,726,136
shares
Collective Trust Program
Yunnan International Trust CO., Ltd.
RMB common
– Juxin No.5 Collective Fund Trust 9,164,857 9,164,857
shares
Program
Foreign shares
KGI ASIA LIMITED 6,184,859 listed in domestic 6,184,859
exchanges
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 Gong Qing Cheng Shi Li He Investment Management Partnership
relationship or "action in concert" Enterprise are related parties. The Company is not notified of other action-in-concert or
related parties among the other holders of current shares.
Huang Jupei holds 26,685,432 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 (if any)
through the client credit trade securities account of GF Securities;
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
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方大集团股份有限公司 2017 年第一季度报告全文
2. Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √ Inapplicable
7
方大集团股份有限公司 2017 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
Mainly due to increase in prepayment for
Prepayment 48,418,159.11 31,526,326.25 53.58%
materials
Mainly due to purchase financial
Other current assets 268,935,506.21 62,206,574.33 332.33%
products
Employees’ wage payable 23,292,119.73 41,972,342.66 -44.51% Annual bonus paid
Amount of the
Items Last period Change Cause of change
Current Term
Mainly due to increase in sales from the
Turnover 573,546,634.49 469,103,396.78 22.26%
real estate business
Mainly due to provision of real estate
Taxes and surcharges 36,724,201.67 5,896,598.98 522.80%
sales tax
Mainly due to provision of income tax
Income tax expenses 20,846,618.03 4,246,322.18 390.93%
for the real estate business
Net profit attributable to the Mainly due to increase in the business
67,759,233.14 22,188,780.56 205.38%
owners of parent company income and gross profit margin
Cash flow generated by business Mainly due to increase in collection of
-4,846,476.55 -59,715,816.88
operations, net sales receivables
Cash flow generated by Mainly due to purchase of financial
-203,914,367.67 -64,130,091.37
investment activities, net products
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
On March 17, 2017 and April 11, 2017, the Company held the 26 th meeting of the 7th Board of Directors and 2016 General
Shareholders’ Meeting to review the Proposal of Terminating Part of the Raised Fund and Using the Residual Raised Fund to
Permanently Replenish the Working Capital and Proposal of Using the Saved Fund of Finished Projects to Permanently Replenish
the Working Capital.
Key issue Date of disclosure Information source
China Securities Journal, Shanghai
Resolutions of the 26th Meeting of the 7th
21.03.17 Securities Daily, Securities Times, HKCD
Board of Directors
(English) and www.cninfo.com.cn
Notice on Terminating Part of the Raised 21.03.17 China Securities Journal, Shanghai
8
方大集团股份有限公司 2017 年第一季度报告全文
Fund and Using the Residual Raised Fund Securities Daily, Securities Times, HKCD
to Permanently Replenish the Working (English) and www.cninfo.com.cn
Capital
China Securities Journal, Shanghai
Announcement on Resolutions of the
12.04.17 Securities Daily, Securities Times, HKCD
General Shareholders’ Meeting 2016
(English) and www.cninfo.com.cn
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,
acquirers of the Company
√ Applicable □ Inapplicable
Promised issue Promiser Type Commitment Date Term Fulfillment
Share reform None
Commitments made in acquisition
None
reports or equity change reports
Commitments made during assets
None
reorganization
Caitong Fund;
Changzhou
Investment
Group, First
Capital
Securities,
Fullgoal Shares offered
Assets in the
Management non-public
Co., Ltd., Share sales share issuance
Commitments made during initial
Sinomach restriction in 2015 will 01.08.16 12 months In fulfillment
public offering or re-financing
Finance Co., commitment be locked for
Ltd., 12 months
Minsheng from the date
Tonghui Asset of listing
Management
Co., Ltd. and
Ping An-UOB
Fund
Management
Co., Ltd.
Share option incentive None
Other commitments made to
None
small-to-middle shareholders
9
方大集团股份有限公司 2017 年第一季度报告全文
Timely fulfillment Yes
If a commitment is not fulfilled
timely, the reason should be explained
Inapplicable
and the further plan should be
introduced
4. Forecast of operating performance between January and June in 2017
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
The Company made no investment in securities in the report period
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
12.09.1 15.09.1 6,220.7 1,815.3 3,080.4 4,955.6
Futures None No aluminu 8,036.1 2.04% 397.88
6 7 8 2 6 4
Exchan m
ge
6,220.7 1,815.3 3,080.4 4,955.6
Total 8,036.1 -- -- 2.04% 397.88
8 2 6 4
Capital source Self-owned fund
10
方大集团股份有限公司 2017 年第一季度报告全文
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,
Provincial Regulations on China Fangda Group Domestic Futures Hedging to prevent risks.
operation 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
parameters.
Material changes in the accounting
policies and rules related to the
No
derivative in the report period
compared to last period
Opinions of independent directors on
the Company’s derivative investment None
and risk controlling
7. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Time/date Way Visitor Disclosure of information
Investor Relationship Record Form on
10.02.17 Onsite investigation Institution
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
11
方大集团股份有限公司 2017 年第一季度报告全文
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company during the report period.
12
方大集团股份有限公司 2017 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.
31.03.17
In RMB
Items Closing balance Opening balance
Current asset:
Monetary capital 957,103,974.18 1,095,229,837.90
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into 0.00 0.00
current income account
Derivative financial assets 3,126,225.00 2,232,200.00
Notes receivable 9,490,000.00 18,898,106.11
Account receivable 2,032,718,651.02 2,342,929,628.14
Prepayment 48,418,159.11 31,526,326.25
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 302,950.68
Dividend receivable 0.00
Other receivables 55,264,270.03 57,378,994.72
Repurchasing of financial assets
Inventory 1,991,257,901.70 1,990,621,059.27
Assets held for sales
Non-current assets due in 1 year
Other current assets 268,935,506.21 62,206,574.33
Total current assets 5,366,314,687.25 5,601,325,677.40
Non-current assets:
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方大集团股份有限公司 2017 年第一季度报告全文
Loan and advancement provided
Sellable financial assets 28,562,575.67 28,562,575.67
Investment held until mature
Long-term receivable
Long-term share equity investment 11,529,898.01 12,105,030.68
Investment real estate 333,917,348.80 333,795,631.30
Fixed assets 500,830,341.34 506,819,266.38
Construction in process 2,537,725.36 2,537,725.36
Engineering materials 0.00
Disposal of fixed assets 596.00 0.00
Productive biological assets 0.00 0.00
Gas & petrol 0.00 0.00
Intangible assets 59,436,565.39 60,228,652.69
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term amortizable expenses 3,326,104.93 3,695,766.33
Deferred income tax assets 184,499,863.02 176,796,698.56
Other non-current assets 48,582,462.71 61,184,253.71
Total of non-current assets 1,173,223,481.23 1,185,725,600.68
Total of assets 6,539,538,168.48 6,787,051,278.08
Current liabilities
Short-term loans 601,000,000.00 591,000,000.00
Loans from Central Bank
Deposit received and held for
others
Call loan received
Financial liabilities measured at
fair value with variations accounted into 0.00
current income account
Derivative financial liabilities 0.00
Notes payable 487,767,385.44 557,301,320.45
Account payable 1,026,453,948.73 1,275,255,961.34
Prepayment received 213,546,508.79 285,905,444.13
Selling of repurchased financial
assets
14
方大集团股份有限公司 2017 年第一季度报告全文
Fees and commissions payable
Employees’ wage payable 23,292,119.73 41,972,342.66
Taxes payable 165,169,286.85 192,236,574.40
Interest payable 2,739,837.25 2,634,979.47
Dividend payable 0.00
Other payables 384,337,159.76 366,182,799.41
Reinsurance fee payable 0.00
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 24,983,305.63 35,148,084.44
Total current liabilities 2,929,289,552.18 3,347,637,506.30
Non-current liabilities:
Long-term loans 1,021,061,708.37 922,169,568.24
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable 0.00
Long-term employees’ wage
payable
Special payables 0.00
Anticipated liabilities 2,779,866.18 3,156,625.24
Deferred earning 10,947,079.91 11,567,224.78
Deferred income tax liabilities 204,918,522.65 200,207,003.35
Other non-current liabilities 0.00 0.00
Total of non-current liabilities 1,239,707,177.11 1,137,100,421.61
Total liabilities 4,168,996,729.29 4,484,737,927.91
Owner’s equity:
Share capital 789,094,836.00 789,094,836.00
Other equity tools
Including: preferred stock
Perpetual bond
15
方大集团股份有限公司 2017 年第一季度报告全文
Capital reserves 467,376,902.96 467,376,902.96
Less: Shares in stock 0.00
Other miscellaneous income 2,841,913.24 2,130,454.52
Special reserves 0.00
Surplus reserves 88,839,790.50 88,839,790.50
Common risk provisions
Retained profit 1,084,579,744.64 1,016,820,576.30
Total of owner’s equity belong to the
2,432,733,187.34 2,364,262,560.28
parent company
Minor shareholders’ equity -62,191,748.15 -61,949,210.11
Total of owners’ equity 2,370,541,439.19 2,302,313,350.17
Total of liabilities and owner’s interest 6,539,538,168.48 6,787,051,278.08
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 546,387,492.10 81,148,314.87
Financial assets measured at fair
value with variations accounted into 0.00
current income account
Derivative financial assets 0.00
Notes receivable 0.00
Account receivable 0.00 454,140.85
Prepayment 276,453.67 110,132.27
Interest receivable 0.00
Dividend receivable 0.00 430,000,000.00
Other receivables 469,542,319.27 459,354,983.42
Inventory 0.00
Assets held for sales 0.00
Non-current assets due in 1 year
Other current assets 345,626.23 334,228.97
Total current assets 1,016,551,891.27 971,401,800.38
16
方大集团股份有限公司 2017 年第一季度报告全文
Non-current assets:
Sellable financial assets 28,562,575.67 28,562,575.67
Investment held until mature 0.00
Long-term receivable 0.00
Long-term share equity investment 896,869,392.36 897,444,525.03
Investment real estate 296,740,660.63 296,740,660.63
Fixed assets 54,552,356.14 55,081,689.15
Construction in process 0.00
Engineering materials 0.00
Disposal of fixed assets 0.00
Productive biological assets 0.00
Gas & petrol 0.00
Intangible assets 1,437,074.58 1,531,179.93
R&D expense 0.00
Goodwill 0.00
Long-term amortizable expenses 181,748.39 252,857.40
Deferred income tax assets 56,444,479.16 57,076,777.66
Other non-current assets 120,000,000.00 120,000,000.00
Total of non-current assets 1,454,788,286.93 1,456,690,265.47
Total of assets 2,471,340,178.20 2,428,092,065.85
Current liabilities
Short-term loans 90,000,000.00 190,000,000.00
Financial liabilities measured at
fair value with variations accounted into 0.00
current income account
Derivative financial liabilities
Notes payable 33,692,909.97
Account payable 606,941.85 606,941.85
Prepayment received 693,045.60 965,234.08
Employees’ wage payable 1,068,929.41 2,338,896.51
Taxes payable 592,304.07 460,424.30
Interest payable 117,232.50 288,513.75
Dividend payable 0.00
Other payables 242,392,896.09 65,436,929.77
Liabilities held for sales 0.00
17
方大集团股份有限公司 2017 年第一季度报告全文
Non-current liabilities due in 1
0.00
year
Other current liabilities 0.00
Total current liabilities 335,471,349.52 293,789,850.23
Non-current liabilities:
Long-term loans
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable
Long-term employees’ wage
0.00
payable
Special payables
Anticipated liabilities 0.00
Deferred earning 0.00
Deferred income tax liabilities 124,159,773.11 124,088,349.06
Other non-current liabilities 0.00
Total of non-current liabilities 124,159,773.11 124,088,349.06
Total liabilities 459,631,122.63 417,878,199.29
Owner’s equity:
Share capital 789,094,836.00 789,094,836.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 466,283,546.89 466,283,546.89
Less: Shares in stock 0.00
Other miscellaneous income 91,831.63 91,831.63
Special reserves 0.00
Surplus reserves 88,839,790.50 88,839,790.50
Retained profit 667,399,050.55 665,903,861.54
Total of owners’ equity 2,011,709,055.57 2,010,213,866.56
Total of liabilities and owner’s interest 2,471,340,178.20 2,428,092,065.85
3. Consolidated Income Statement
In RMB
18
方大集团股份有限公司 2017 年第一季度报告全文
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 573,546,634.49 469,103,396.78
Incl. Business income 573,546,634.49 469,103,396.78
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 489,407,031.68 444,905,754.32
Incl. Business cost 394,608,165.03 391,319,798.18
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy
reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Taxes and surcharges 36,724,201.67 5,896,598.98
Sales expense 10,160,076.95 11,110,937.46
Administrative expense 37,770,848.96 36,395,114.82
Financial expenses 12,891,638.49 10,022,552.32
Asset impairment loss -2,747,899.42 -9,839,247.44
Plus: gains from change of fair value
369,591.00 -1,456,515.68
(“-“ for loss)
Investment gains (“-“ for loss) 963,118.22 -116,407.24
Incl. Investment gains from
-575,132.67 -174,752.44
affiliates and joint ventures
Exchange gains (“-“ for loss)
3. Operational profit (“-“ for loss) 85,472,312.03 22,624,719.54
Plus: non-operational income 3,159,052.41 2,018,111.17
Incl. Loss from disposal of
16,166.05 22,418.22
non-current assets
Less: non-operational expenditure 268,051.31 1,266,037.76
Incl. Loss from disposal of
87,879.85 493,011.35
non-current assets
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方大集团股份有限公司 2017 年第一季度报告全文
4. Gross profit (“-“ for loss) 88,363,313.13 23,376,792.95
Less: Income tax expenses 20,846,618.03 4,246,322.18
5. Net profit (“-“ for net loss) 67,516,695.10 19,130,470.77
Net profit attributable to the owners
67,759,233.14 22,188,780.56
of parent company
Minor shareholders’ equity -242,538.04 -3,058,309.79
6. After-tax net amount of other misc.
924,176.32 841,840.00
incomes
After-tax net amount of other misc.
924,176.32 841,840.00
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
924,176.32 841,840.00
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
774,158.75 841,840.00
and loss of arbitrage of cash flow
5. Translation difference of
150,017.57
foreign exchange statement
6. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 68,440,871.42 19,972,310.77
20
方大集团股份有限公司 2017 年第一季度报告全文
Total of misc. incomes attributable
68,683,409.46 23,030,620.56
to the owners of the parent company
Total misc gains attributable to the
-242,538.04 -3,058,309.79
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.09 0.03
(2) Diluted earnings per share 0.09 0.03
Net profit contributed by entities merged under common control in the report period was RMB0.00, net profit realized by parties
merged during the previous period is RMB0.00.
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 6,845,336.82 7,246,856.81
Less: Operation cost 406,361.52 350,972.35
Taxes and surcharges 312,223.66 768,784.87
Sales expense
Administrative expense 5,673,991.65 5,459,504.20
Financial expenses -223,544.29 1,783,122.18
Asset impairment loss -12,944.02 26,016.25
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss) -542,255.96 -169,327.78
Incl. Investment gains from
-575,132.67 -174,752.44
affiliates and joint ventures
2. Operational profit (“-“ for loss) 146,992.34 -1,310,870.82
Plus: non-operational income 2,061,767.86 1,148,843.27
Incl. Loss from disposal of
non-current assets
Less: non-operational expenditure 9,848.64 89,374.82
Incl. Loss from disposal of
9,848.64
non-current assets
3. Gross profit (“-“ for loss) 2,198,911.56 -251,402.37
Less: Income tax expenses 703,722.55 -59,356.13
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方大集团股份有限公司 2017 年第一季度报告全文
4. Net profit (“-“ for net loss) 1,495,189.01 -192,046.24
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 1,495,189.01 -192,046.24
7. Earnings per share:
(1) Basic earnings per share 0.00 0
(2) Diluted earnings per share 0.00 0
5. Consolidated Cash Flow Statement
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
22
方大集团股份有限公司 2017 年第一季度报告全文
operations:
Cash received from sales of
854,772,826.23 636,891,799.87
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 1,292,690.35 80,888.90
Other cash received from business
41,062,862.35 26,520,638.27
operation
Sub-total of cash inflow from business
897,128,378.93 663,493,327.04
operations
Cash paid for purchasing products
644,166,577.65 569,855,226.34
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
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方大集团股份有限公司 2017 年第一季度报告全文
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 75,055,798.07 72,576,097.44
Taxes paid 125,913,049.34 43,687,459.47
Other cash paid for business
56,839,430.42 37,090,360.67
activities
Sub-total of cash outflow from
901,974,855.48 723,209,143.92
business operations
Cash flow generated by business
-4,846,476.55 -59,715,816.88
operations, net
2. Cash flow generated by investment:
Cash received from investment
847,400,000.00 86,000,000.00
recovery
Cash received as investment profit 1,855,342.67 87,675.20
Net cash retrieved from disposal
of fixed assets, intangible assets, and 860,000.00 3,042,427.80
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
850,115,342.67 89,130,103.00
from investment
Cash paid for construction of
fixed assets, intangible assets and other 29,829,710.34 17,210,194.37
long-term assets
Cash paid as investment 1,024,200,000.00 136,000,000.00
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 1,054,029,710.34 153,260,194.37
Cash flow generated by investment
-203,914,367.67 -64,130,091.37
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
24
方大集团股份有限公司 2017 年第一季度报告全文
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
298,892,140.13 513,454,801.40
loans
Cash received from bond placing
Other cash received from
31.03
financing activities
Subtotal of cash inflow from financing
298,892,140.13 513,454,832.43
activities
Cash paid to repay debts 190,000,000.00 386,000,000.00
Cash paid as dividend, profit, or
19,702,834.06 18,750,977.53
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
209,702,834.06 405,276,595.10
financing activities
Net cash flow generated by financing
89,189,306.07 108,178,237.33
activities
4. Influence of exchange rate changes
-119,537.97 311,278.28
on cash and cash equivalents
5. Net increase in cash and cash
-119,691,076.12 -15,356,392.64
equivalents
Plus: Balance of cash and cash
935,824,575.40 247,739,243.78
equivalents at the beginning of term
6. Balance of cash and cash equivalents
816,133,499.28 232,382,851.14
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
6,005,590.24 5,118,489.56
products and providing of services
Tax refunded
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方大集团股份有限公司 2017 年第一季度报告全文
Other cash received from business
248,854,854.53 326,581,279.11
operation
Sub-total of cash inflow from business
254,860,444.77 331,699,768.67
operations
Cash paid for purchasing products
27,178,851.45 484,636.92
and services
Cash paid to and for the staff 5,173,336.56 4,211,712.91
Taxes paid 720,339.74 1,583,084.62
Other cash paid for business
79,271,693.27 181,651,052.50
activities
Sub-total of cash outflow from
112,344,221.02 187,930,486.95
business operations
Cash flow generated by business
142,516,223.75 143,769,281.72
operations, net
2. Cash flow generated by investment:
Cash received from investment
100,000,000.00 11,000,000.00
recovery
Cash received as investment profit 431,862,876.73 3,537,254.69
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
531,862,876.73 14,537,254.69
from investment
Cash paid for construction of
fixed assets, intangible assets and other 433,510.00 27,689.11
long-term assets
Cash paid as investment 100,000,000.00 61,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 100,433,510.00 61,027,689.11
Cash flow generated by investment
431,429,366.73 -46,490,434.42
activities, net
3. Cash flow generated by financing
26
方大集团股份有限公司 2017 年第一季度报告全文
activities:
Cash received from investment
Cash received from borrowed
200,000,000.00
loans
Cash received from bond placing
Other cash received from
31.03
financing activities
Subtotal of cash inflow from financing
200,000,031.03
activities
Cash paid to repay debts 100,000,000.00 250,000,000.00
Cash paid as dividend, profit, or
1,967,831.25 5,437,331.26
interests
Other cash paid for financing
525,617.57
activities
Subtotal of cash outflow from
101,967,831.25 255,962,948.83
financing activities
Net cash flow generated by financing
-101,967,831.25 -55,962,917.80
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
471,977,759.23 41,315,929.50
equivalents
Plus: Balance of cash and cash
74,159,732.87 25,583,130.83
equivalents at the beginning of term
6. Balance of cash and cash equivalents
546,137,492.10 66,899,060.33
at the end of the period
2. Auditor‘s report
Whether the Q1 report is audited
□ Yes √ No
The Q2 Report is not audited.
China Fangda Group Co., Ltd.
Legal representative: Xiong Jianming
25.04.17
27