China Fangda Group Co., Ltd. 2017 Third Quarter Report
China Fangda Group Co., Ltd.
2017 Third Quarter Report
October 2017
1
China Fangda Group Co., Ltd. 2017 Third Quarter Report
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. Wu Bohua, the manager of accounting department
declare: the Financial Report carried in this report is authentic and completed.
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
II. General Information
1. Financial Highlight
Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No
End of the report period End of last year Year-on-year change
Total asset (RMB) 6,971,041,157.32 6,787,051,278.08 2.71%
Net profit attributable to the
shareholders of the listed company 2,455,998,778.25 2,364,262,560.28 3.88%
(RMB)
Between beginning of
Year-on-year change Change from the same
This report period the year to the end of
(%) period last year
the report period
Turnover (yuan) 653,038,212.34 -10.76% 2,052,749,153.63 17.89%
Net profit attributable to
shareholders of the listed company 133,216,451.43 118.03% 361,219,770.86 216.15%
(yuan)
Net profit attributable to the
shareholders of the listed company
127,476,204.06 126.14% 345,975,180.58 243.79%
and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-- -- 394,243,084.96 -12.98%
business operation (RMB)
Basic earnings per share
0.11 120.00% 0.31 210.00%
(yuan/share)
Diluted Earnings per share
0.11 120.00% 0.31 210.00%
(yuan/share)
Weighted average net income/asset
5.60% 1.86% 14.91% 7.01%
ratio
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
Non-current asset disposal gain/loss (including the write-off part -60,148.15
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
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 2,697,021.24
and based on unified national standard quota)
Gain from entrusted investment or assets management 12,143,064.88
Gain/loss from change of fair value of investment property
2,973,747.00
measured at fair value in follow-up measurement
Other non-business income and expenditures other than the above 2,504,939.74
Less: Influenced amount of income tax 4,928,259.94
Influenced amount of minority shareholders’ equity
85,774.49
(after-tax)
Total 15,244,590.28 --
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
59,052 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% 103,161,409 Pledged 24,370,000
Development person
Co., Ltd.
Shengjiu Foreign legal
7.36% 87,165,339
Investment Ltd. person
GUOTAI Foreign legal 4.10% 48,582,727
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
JUNAN person
SECURITIES(H
ONGKONG)
LIMITED
Gong Qing
Cheng Shi Li He
Investment Domestic
Management non-state legal 2.26% 26,791,488
Partnership person
Enterprise
(limited partner)
CITIC Securities
Foreign legal
Brokerage (Hong 2.06% 24,375,858
person
Kong) Co., Ltd.
Shenwan
Hongyuan Foreign legal
1.67% 19,708,790
Securities (Hong person
Kong) Co., Ltd.
China Resource
SZITIC Trust –
China Resource
Others 1.30% 15,383,404
Trust No.13
Collective Trust
Program
Yunnan
International
Trust CO., Ltd. –
Others 1.12% 13,229,635
Juxin No.5
Collective Fund
Trust Program
Domestic natural
Zhou Shijian 0.84% 10,000,000
person
Yunnan
International
Trust CO., Ltd. –
Others 0.73% 8,635,314
Yunxia No.3
Collective Fund
Trust Program
Top 10 holders of unconditional shares
Category of shares
Shareholder Amount of shares without sales restriction
Category of Amount
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
shares
Shenzhen Banglin Technologies RMB common
103,161,409 103,161,409
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 87,165,339 listed in domestic 87,165,339
exchanges
GUOTAI JUNAN Foreign shares
SECURITIES(HONGKONG) 48,582,727 listed in domestic 48,582,727
LIMITED exchanges
Gong Qing Cheng Shi Li He
RMB common
Investment Management Partnership 26,791,488 26,791,488
shares
Enterprise (limited partner)
Foreign shares
CITIC Securities Brokerage (Hong
24,375,858 listed in domestic 24,375,858
Kong) Co., Ltd.
exchanges
Foreign shares
Shenwan Hongyuan Securities
19,708,790 listed in domestic 19,708,790
(Hong Kong) Co., Ltd.
exchanges
China Resource SZITIC Trust –
RMB common
China Resource Trust No.13 15,383,404 15,383,404
shares
Collective Trust Program
Yunnan International Trust CO., Ltd.
RMB common
– Juxin No.5 Collective Fund Trust 13,229,635 13,229,635
shares
Program
RMB common
Zhou Shijian 10,000,000 10,000,000
shares
Yunnan International Trust CO., Ltd.
RMB common
– Yunxia No.3 Collective Fund Trust 8,635,314 8,635,314
shares
Program
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.
Top-10 common share shareholders Zhou Shijian holds 10,000,000 shares of the company through the client credit transaction
participating in margin trade (if any) guarantee 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
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
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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China Fangda Group Co., Ltd. 2017 Third Quarter Report
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
YOY
Closing balance Opening balance
Items change Cause of change
(RMB) (RMB)
(% )
Monetary capital 1,645,487,558.41 1,095,229,837.90 50.24% Property sales payment received
Prepayment 77,748,206.13 31,526,326.25 146.61% Increase in prepayment to suppliers
Other current assets 107,029,683.87 62,206,574.33 72.06% Increase in bank financial products
Long-term share equity Increase in investment in joint
15,831,304.52 12,105,030.68 30.78%
investment ventures
Decrease in prepaid property
Other non-current assets 30,567,973.38 61,184,253.71 -50.04%
purchase amount
Short-term loans 1,000,000,000.00 591,000,000.00 69.20% Increase in bank borrowings
Taxes payable 65,792,129.45 192,236,574.40 -65.78% Corporate income tax and VAT paid
Transfer of items to be amortized into
Other current liabilities 4,834,975.32 35,148,084.44 -86.24%
unamortized tax
Share capital 1,183,642,254.00 789,094,836.00 50.00% Capitalization of capital reserve
Capital reserves 72,829,484.96 467,376,902.96 -84.42% Capitalization of capital reserve
Transfer of self-used property into
Other miscellaneous income 8,830,094.23 2,130,454.52 314.47%
property held for investment
Between beginning of
YOY
the year to the end of Same period last year
Items change Cause of change
the report period (RMB)
(% )
(RMB)
Provision of Fangda Town land VAT
Taxes and surcharges 131,792,673.42 8,606,245.49 1431.36%
and VAT surcharge
Stopping capitalization of interest
Financial expenses 41,975,850.30 24,322,562.64 72.58% expense of the phase I of the Fangda
Town project
Change in the accounting estimate of
Asset impairment loss -48,121,560.56 29,771,044.67 -261.64%
bad debt provision
Gain caused by changes in Adjustment of fair value of
2,973,747.00 9,903,745.77 -69.97%
fair value investment real estate
Increase in gains from bank financial
Investment income 10,861,727.87 2,424,532.42 347.99%
products
Increase in the profit of Fangda Town
Income tax expenses 68,024,588.73 16,889,272.63 302.77%
project
Other cash received from 213,901,169.92 104,789,436.94 104.12% Refunding of property sales
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
business operation guarantee by bank mortgage
Taxes paid 358,300,385.82 204,252,974.89 75.42% Corporate income tax and VAT paid
Other cash paid for business Increase of property sales guarantee
268,199,654.52 129,430,336.40 107.22%
activities by bank mortgage
Cash received from
8,092,089,184.54 237,446,806.49 3307.96% Redemption of financial products
investment recovery
Cash received as investment Increase in gains from bank financial
13,773,697.27 3,595,463.32 283.09%
profit products
Cash paid for construction of
fixed assets, intangible Delay in investment in PV power
33,608,087.17 62,258,301.30 -46.02%
assets and other long-term plant projects
assets
Cash paid as investment 8,146,400,000.00 477,000,000.00 1607.84% Increase in bank financial products
Cash paid to repay debts 391,000,000.00 1,107,925,600.00 -64.71% Decrease in mature band borrowings
Cash paid as dividend,
337,538,336.38 131,200,941.87 157.27% Increase in dividend distribution
profit, or interests
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
Property project development progress:
1. By the end of the report period, the total sales area was 65,400 m2, of which 64,000 m2 area has recognized income. The
business introduction is ongoing and expects to receive rental in the next year.
2. Nanchang Phoenix Land project: Currently the project is preparing for preliminary design and plan approval and
construction. It is an office building, business and apartment project and will be sold and leased. The construction will start in the end
of the year. The construction period is about 2 years. The total construction area will be about 66,000 m 2.
3. As of the disclosure date of the reporting period, the Company and Bangshen Electronics (Shenzhen) Co., Ltd. have signed
the cooperation framework agreement for the Fangda Bangshen Industry Park renovation project. The project is located in Furong,
Shenzhen and covers 20,714.9m2. Currently, the land is used as industrial plant and will be renovated as an M0 new-type industry
project. Currently two parties are in the process of agreement negotiation and signing.
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,
acquirers of the Company
□ Applicable √ Inapplicable
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company
4 Forecast of operating performance 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
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
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
Derivati Impairm ent Actual
Initial Amount Closing
ve Related Amount ent amount gain/los
Relation Initial Start End investm sold in investm
investm transacti Type in this provisio in the s in the
ship amount date date ent this ent
ent on period n (if closing report
amount period amount
operator any) net period
assets in
the
report
period
Shangha
Shangha
i
i 6,220.7 22.12.1 28.02.1 6,220.7 5,343.5 10,276. 1,288.0
Futures No No 0.52% 930.4
aluminu 86 8 8 3 22 9
Exchan
m
ge
6,220.7 6,220.7 5,343.5 10,276. 1,288.0
Total -- -- 0.52% 930.4
8 8 3 22 9
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 aluminum
for the derivative holding in the
futures exchanged at the domestic futures exchange to provide hedging for aluminum as a
report period (including without
raw material for the Company. The Company has set up and implemented the Provincial
limitation market, liquidity, credit,
Regulations on China Fangda Group Domestic Futures Hedging to prevent risks.
operation and legal risks)
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Changes in the market price or fair
value of the derivative in the report
period, the analysis of the
Fair value of derivatives are measured at open prices in the futures market
derivative’s fair value should
disclose the method used and related
assumptions and parameters.
Material changes in the accounting
The Company decides to implement the Temporary Provisions on the Accounting of
policies and rules related to the
Commodity Futures Hedging for its aluminum ingot futures contracts in the report period
derivative in the report period
and no longer implement the Enterprise Accounting Standard No.24 – Hedging
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
02.08.17 Onsite investigation Institution Business and future development
16.08.17 Onsite investigation Institution Business and future development
31.08.17 Onsite investigation Institution Business and future development
08.09.17 Others 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.
10. Performance of poverty relieving responsibilities
1. Q3 poverty relieving summary
The Company donated totally RMB911,000 for targeted poverty in the third quarter of 2017:
(1) Donate RMB600,000 to the Jiangxi CPPCC overseas poverty relief foundation. The donation will be used to build health and
family planning service stations for 12 poor villages of Taihe county, Jiangxi.
(2) Donate RMB100,000 to the Nanchang Juvenile Development Foundation to set up the Nanchang Sanfeng Charity Foundation.
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
(3) Donate RMB50,000 to the Shenzhen Nanshan District Yuehai Sub-district Federation of Trade Unions for poverty relief of
Lianping county, Shenzhen, Guangdong.
(4) Donate RMB1,000 to set up the Shenzhen Nanshan District Elder Care Charity Foundation.
(5) Donate RMB120,000 to the Tibet Linzhi Cha'yu farm 8 th Tibet support team to help build the Cha’yu Farm Primary.
(6) Donate RMB10,000 to the Jiangxi Pingxiang Luxi Xuanfeng government for poverty relief and education support.
(7) Donate RMB30,000 to two students at Jiangxi Ganzhou Zhanggong district Shahe Longcun village.
2. Details
Item Unit Qty/Description
1. General situation —— ——
Including: 1. capital (in RMB10,000) 91.1
2. Investment —— ——
1. Industry development poverty relief —— ——
2. Employment transfer —— ——
3. Relocation —— ——
4. Education —— ——
Including: 4.1 Sponsor to students from poor families (in RMB10,000) 3
4.2 Number of students Person 2
4.3 Education investment in poor areas (in RMB10,000) 18
5. Health care support —— ——
Including: 5.1 Contribution to health care sources in poor areas (in RMB10,000) 60
6. Eco-protection support —— ——
7. Last-line guarantee —— ——
8. Social poverty relieving —— ——
9. Others —— ——
Including: 9.1 Number of projects 2
9.2 Investment (in RMB10,000) 10.1
3. Prizes —— ——
3. Further property relief plans
The Company will donate RMB3 million through the Jiangxi Guangcai Business Promotion Society to support poverty relief in
Jiangxi.
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Items Closing balance Opening balance
Current asset:
Monetary capital 1,645,487,558.41 1,095,229,837.90
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets 124,128.00 2,232,200.00
Notes receivable 18,499,631.99 18,898,106.11
Account receivable 1,965,776,007.03 2,342,929,628.14
Prepayment 77,748,206.13 31,526,326.25
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 302,950.68
Dividend receivable
Other receivables 54,473,419.73 57,378,994.72
Repurchasing of financial assets
Inventory 1,917,297,358.74 1,990,621,059.27
Assets held for sales
Non-current assets due in 1 year
Other current assets 107,029,683.87 62,206,574.33
Total current assets 5,786,435,993.90 5,601,325,677.40
Non-current assets:
Loan and advancement provided
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Sellable financial assets 28,562,575.67 28,562,575.67
Investment held until mature
Long-term receivable
Long-term share equity investment 15,831,304.52 12,105,030.68
Investment real estate 343,190,956.29 333,795,631.30
Fixed assets 492,174,639.61 506,819,266.38
Construction in process 2,590,536.68 2,537,725.36
Engineering materials
Disposal of fixed assets 3,601.59
Productive biological assets
Gas & petrol
Intangible assets 60,249,472.17 60,228,652.69
R&D expense
Goodwill
Long-term amortizable expenses 2,665,605.83 3,695,766.33
Deferred income tax assets 208,768,497.68 176,796,698.56
Other non-current assets 30,567,973.38 61,184,253.71
Total of non-current assets 1,184,605,163.42 1,185,725,600.68
Total of assets 6,971,041,157.32 6,787,051,278.08
Current liabilities
Short-term loans 1,000,000,000.00 591,000,000.00
Loans from Central Bank
Deposit received and held for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 454,199,149.00 557,301,320.45
Account payable 1,016,061,011.35 1,275,255,961.34
Prepayment received 230,781,117.14 285,905,444.13
Selling of repurchased financial assets
Fees and commissions payable
Employees’ wage payable 21,797,164.97 41,972,342.66
Taxes payable 65,792,129.45 192,236,574.40
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Interest payable 2,572,755.20 2,634,979.47
Dividend payable
Other payables 449,875,281.20 366,182,799.41
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 150,000,000.00
Other current liabilities 4,834,975.32 35,148,084.44
Total current liabilities 3,395,913,583.63 3,347,637,506.30
Non-current liabilities:
Long-term loans 943,978,153.39 922,169,568.24
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable
Long-term employees’ wage payable
Special payables
Anticipated liabilities 3,530,415.48 3,156,625.24
Deferred earning 11,094,290.35 11,567,224.78
Deferred income tax liabilities 223,203,237.19 200,207,003.35
Other non-current liabilities
Total of non-current liabilities 1,181,806,096.41 1,137,100,421.61
Total liabilities 4,577,719,680.04 4,484,737,927.91
Owner’s equity:
Share capital 1,183,642,254.00 789,094,836.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 72,829,484.96 467,376,902.96
Less: Shares in stock
Other miscellaneous income 8,830,094.23 2,130,454.52
Special reserves
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Surplus reserves 88,839,790.50 88,839,790.50
Common risk provisions
Retained profit 1,101,857,154.56 1,016,820,576.30
Total of owner’s equity belong to the
2,455,998,778.25 2,364,262,560.28
parent company
Minor shareholders’ equity -62,677,300.97 -61,949,210.11
Total of owners’ equity 2,393,321,477.28 2,302,313,350.17
Total of liabilities and owner’s interest 6,971,041,157.32 6,787,051,278.08
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
Items Closing balance Opening balance
Current asset:
Monetary capital 466,234,131.67 81,148,314.87
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable
Account receivable 454,140.85
Prepayment 59,186.69 110,132.27
Interest receivable
Dividend receivable 430,000,000.00
Other receivables 639,174,160.37 459,354,983.42
Inventory
Assets held for sales
Non-current assets due in 1 year
Other current assets 174,324.14 334,228.97
Total current assets 1,105,641,802.87 971,401,800.38
Non-current assets:
Sellable financial assets 28,562,575.67 28,562,575.67
Investment held until mature
Long-term receivable
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Long-term share equity investment 902,704,076.20 897,444,525.03
Investment real estate 307,321,568.00 296,740,660.63
Fixed assets 56,391,741.29 55,081,689.15
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,253,503.19 1,531,179.93
R&D expense
Goodwill
Long-term amortizable expenses 501,849.95 252,857.40
Deferred income tax assets 66,480,165.25 57,076,777.66
Other non-current assets 120,000,000.00 120,000,000.00
Total of non-current assets 1,484,215,479.55 1,456,690,265.47
Total of assets 2,589,857,282.42 2,428,092,065.85
Current liabilities
Short-term loans 340,000,000.00 190,000,000.00
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 693,045.60 965,234.08
Employees’ wage payable 1,015,430.85 2,338,896.51
Taxes payable 564,787.44 460,424.30
Interest payable 272,720.83 288,513.75
Dividend payable
Other payables 357,303,942.79 65,436,929.77
Liabilities held for sales
Non-current liabilities due in 1 year
Other current liabilities
Total current liabilities 700,456,869.36 293,789,850.23
Non-current liabilities:
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
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 127,645,942.41 124,088,349.06
Other non-current liabilities
Total of non-current liabilities 127,645,942.41 124,088,349.06
Total liabilities 828,102,811.77 417,878,199.29
Owner’s equity:
Share capital 1,183,642,254.00 789,094,836.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 71,736,128.89 466,283,546.89
Less: Shares in stock
Other miscellaneous income 8,756,553.46 91,831.63
Special reserves
Surplus reserves 88,839,790.50 88,839,790.50
Retained profit 408,779,743.80 665,903,861.54
Total of owners’ equity 1,761,754,470.65 2,010,213,866.56
Total of liabilities and owner’s interest 2,589,857,282.42 2,428,092,065.85
3. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 653,038,212.34 731,795,188.23
Incl. Business income 653,038,212.34 731,795,188.23
Interest income
Insurance fee earned
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China Fangda Group Co., Ltd. 2017 Third Quarter Report
Fee and commission
received
2. Total business cost 527,570,947.26 669,723,232.46
Incl. Business cost 469,496,033.48 586,182,911.95
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 27,720,396.62 2,248,517.37
Sales expense 16,873,111.63 13,059,085.05
Administrative expense 35,616,297.32 42,074,537.95
Financial expenses 16,078,535.41 6,734,708.08
Asset impairment loss -38,213,427.20 19,423,472.06
Plus: gains from change of fair
2,274,935.37 -259,664.68
value (―-― for loss)
Investment gains (―-― for loss) 3,981,131.60 2,714,389.76
Incl. Investment gains from
-647,094.54 -570,556.79
affiliates and joint ventures
Exchange gains (―-― for loss)
Other gains
3. Operational profit (―-― for loss) 131,723,332.05 64,526,680.85
Plus: non-operational income 2,549,594.75 3,671,724.85
Incl. Loss from disposal of
37,960.40 38,076.85
non-current assets
Less: non-operational expenditure 1,043,005.95 471,543.40
Incl. Loss from disposal of
10,864.23 94,562.96
non-current assets
4. Gross profit (―-― for loss) 133,229,920.85 67,726,862.30
Less: Income tax expenses 256,484.21 7,987,577.22
5. Net profit (―-― for net loss) 132,973,436.64 59,739,285.08
19
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Net profit attributable to the
133,216,451.43 61,100,083.90
owners of parent company
Minor shareholders’ equity -243,014.79 -1,360,798.82
6. After-tax net amount of other misc.
8,481,869.86 210,601.16
incomes
After-tax net amount of other misc.
8,481,869.86 210,601.16
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
8,481,869.86 210,601.16
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
96,269.40 173,910.00
and loss of arbitrage of cash flow
5. Translation difference of
-279,121.37 36,691.16
foreign exchange statement
6. Others 8,664,721.83
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 141,455,306.50 59,949,886.24
Total of misc. incomes attributable
141,698,321.29 61,310,685.06
to the owners of the parent company
Total misc gains attributable to the -243,014.79 -1,360,798.82
20
China Fangda Group Co., Ltd. 2017 Third Quarter Report
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.11 0.05
(2) Diluted earnings per share 0.11 0.05
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: Wu Bohua
4. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 7,143,696.79 7,463,131.10
Less: Operation cost 863,777.60 1,126,232.22
Taxes and surcharges 333,780.40 230,773.43
Sales expense 0.00
Administrative expense 5,766,693.63 5,775,984.04
Financial expenses -1,173,575.45 1,900,739.52
Asset impairment loss 56,567.43 -22,147.35
Plus: gains from change of fair
1,820,847.37
value (―-― for loss)
Investment gains (―-― for loss) 1,479,735.59 -570,556.79
Incl. Investment gains from
876,182.79 -570,556.79
affiliates and joint ventures
Other gains
2. Operational profit (―-― for loss) 4,597,036.14 -2,119,007.55
Plus: non-operational income 4,105.20 1,881,870.81
Incl. Loss from disposal of
0.00
non-current assets
Less: non-operational expenditure 121,000.00
Incl. Loss from disposal of
0.00
non-current assets
3. Gross profit (―-― for loss) 4,480,141.34 -237,136.74
Less: Income tax expenses -10,035,082.23 -61,545.95
4. Net profit (―-― for net loss) 14,515,223.57 -175,590.79
5. After-tax net amount of other misc. 8,664,721.83
21
China Fangda Group Co., Ltd. 2017 Third Quarter Report
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
8,664,721.83
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 8,664,721.83
6. Total of misc. incomes 23,179,945.40 -175,590.79
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 2,052,749,153.63 1,741,251,237.98
Incl. Business income 2,052,749,153.63 1,741,251,237.98
Interest income
22
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Insurance fee earned
Fee and commission
received
2. Total business cost 1,645,174,343.12 1,634,542,062.22
Incl. Business cost 1,372,893,960.45 1,417,490,531.56
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 131,792,673.42 8,606,245.49
Sales expense 40,010,393.40 38,476,387.89
Administrative expense 106,623,026.11 115,875,289.97
Financial expenses 41,975,850.30 24,322,562.64
Asset impairment loss -48,121,560.56 29,771,044.67
Plus: gains from change of fair
2,973,747.00 9,903,745.77
value (―-― for loss)
Investment gains (―-― for loss) 10,861,727.87 2,424,532.42
Incl. Investment gains from
-1,273,726.16 -970,334.67
affiliates and joint ventures
Exchange gains (―-― for loss)
Other gains
3. Operational profit (―-― for loss) 421,410,285.38 119,037,453.95
Plus: non-operational income 8,498,874.38 10,035,454.01
Incl. Loss from disposal of
71,273.94 106,648.92
non-current assets
Less: non-operational expenditure 1,392,891.03 3,816,088.83
Incl. Loss from disposal of
131,422.09 2,548,190.24
non-current assets
4. Gross profit (―-― for loss) 428,516,268.73 125,256,819.13
Less: Income tax expenses 68,024,588.73 16,889,272.63
23
China Fangda Group Co., Ltd. 2017 Third Quarter Report
5. Net profit (―-― for net loss) 360,491,680.00 108,367,546.50
Net profit attributable to the
361,219,770.86 114,256,489.26
owners of parent company
Minor shareholders’ equity -728,090.86 -5,888,942.76
6. After-tax net amount of other misc.
6,699,639.71 1,256,462.41
incomes
After-tax net amount of other misc.
6,699,639.71 1,256,462.41
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
6,699,639.71 1,256,462.41
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
-1,685,960.75 1,219,771.25
and loss of arbitrage of cash flow
5. Translation difference of
-279,121.37 36,691.16
foreign exchange statement
6. Others 8,664,721.83
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 367,191,319.71 109,624,008.91
Total of misc. incomes attributable
367,919,410.57 115,512,951.67
to the owners of the parent company
24
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Total misc gains attributable to the
-728,090.86 -5,888,942.76
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.31 0.10
(2) Diluted earnings per share 0.31 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 20,997,817.08 21,963,021.73
Less: Operation cost 1,667,373.48 2,145,638.58
Taxes and surcharges 987,119.06 1,450,961.07
Sales expense
Administrative expense 18,323,645.88 17,328,731.88
Financial expenses -2,618,598.83 5,460,370.26
Asset impairment loss 94,478.76 -6,965.80
Plus: gains from change of fair
1,820,847.37 10,453,596.91
value (―-― for loss)
Investment gains (―-― for loss) 2,494,407.02 -964,910.01
Incl. Investment gains from
249,551.17 -970,334.67
affiliates and joint ventures
Other gains
2. Operational profit (―-― for loss) 6,859,053.12 5,072,972.64
Plus: non-operational income 3,618,258.71 5,224,060.55
Incl. Loss from disposal of
non-current assets
Less: non-operational expenditure 152,271.82 89,374.82
Incl. Loss from disposal of
31,271.82
non-current assets
3. Gross profit (―-― for loss) 10,325,040.01 10,207,658.37
Less: Income tax expenses -8,734,034.85 3,126,867.00
4. Net profit (―-― for net loss) 19,059,074.86 7,080,791.37
5. After-tax net amount of other misc.
8,664,721.83
incomes
25
China Fangda Group Co., Ltd. 2017 Third Quarter Report
(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
8,664,721.83
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 8,664,721.83
6. Total of misc. incomes 27,723,796.69 7,080,791.37
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
2,554,904,276.07 2,626,024,154.09
products and providing of services
26
China Fangda Group Co., Ltd. 2017 Third Quarter Report
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 1,805,886.66 1,289,574.20
Other cash received from business
213,901,169.92 104,789,436.94
operation
Sub-total of cash inflow from business
2,770,611,332.65 2,732,103,165.23
operations
Cash paid for purchasing products
1,558,159,130.54 1,759,450,109.31
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
27
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Cash paid to and for the staff 191,709,076.81 185,909,998.13
Taxes paid 358,300,385.82 204,252,974.89
Other cash paid for business
268,199,654.52 129,430,336.40
activities
Sub-total of cash outflow from business
2,376,368,247.69 2,279,043,418.73
operations
Cash flow generated by business
394,243,084.96 453,059,746.50
operations, net
2. Cash flow generated by investment:
Cash received from investment
8,092,089,184.54 237,446,806.49
recovery
Cash received as investment profit 13,773,697.27 3,595,463.32
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 3,540,531.00 14,192,782.10
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 from
8,109,403,412.81 255,235,051.91
investment
Cash paid for construction of fixed
assets, intangible assets and other 33,608,087.17 62,258,301.30
long-term assets
Cash paid as investment 8,146,400,000.00 477,000,000.00
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
Subtotal of cash outflows 8,180,008,087.17 542,208,301.30
Cash flow generated by investment
-70,604,674.36 -286,973,249.39
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
28
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Cash received from borrowed
962,503,029.59 1,108,611,236.97
loans
Cash received from bond placing
Other cash received from financing
31.03
activities
Subtotal of cash inflow from financing
962,503,029.59 1,569,511,260.60
activities
Cash paid to repay debts 391,000,000.00 1,107,925,600.00
Cash paid as dividend, profit, or
337,538,336.38 131,200,941.87
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
1,307,454.51
activities
Subtotal of cash outflow from financing
728,538,336.38 1,240,433,996.38
activities
Net cash flow generated by financing
233,964,693.21 329,077,264.22
activities
4. Influence of exchange rate changes
-1,950,710.61 552,729.65
on cash and cash equivalents
5. Net increase in cash and cash
555,652,393.20 495,716,490.98
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
1,491,476,968.60 743,455,734.76
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
19,187,607.97 19,149,196.90
products and providing of services
Tax refunded
Other cash received from business
1,056,523,500.53 613,546,935.28
operation
29
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Sub-total of cash inflow from business
1,075,711,108.50 632,696,132.18
operations
Cash paid for purchasing products
28,685,143.30 8,763,774.47
and services
Cash paid to and for the staff 12,913,713.04 10,673,941.85
Taxes paid 2,790,810.71 3,209,222.02
Other cash paid for business
940,326,714.58 921,945,103.13
activities
Sub-total of cash outflow from business
984,716,381.63 944,592,041.47
operations
Cash flow generated by business
90,994,726.87 -311,895,909.29
operations, net
2. Cash flow generated by investment:
Cash received from investment
2,206,344,592.27 161,000,000.00
recovery
Cash received as investment profit 438,481,932.96 10,047,687.60
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 300,000.00
long-term assets
Net cash received from disposal of
10,000,000.00
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated from
2,654,826,525.23 171,347,687.60
investment
Cash paid for construction of fixed
assets, intangible assets and other 1,573,560.35 221,286.61
long-term assets
Cash paid as investment 2,222,010,000.00 64,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 2,223,583,560.35 64,221,286.61
Cash flow generated by investment
431,242,964.88 107,126,400.99
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment 460,899,992.60
30
China Fangda Group Co., Ltd. 2017 Third Quarter Report
Cash received from borrowed
250,000,000.00 350,000,000.00
loans
Cash received from bond placing
Other cash received from financing
31.03
activities
Subtotal of cash inflow from financing
250,000,000.00 810,900,023.63
activities
Cash paid to repay debts 100,000,000.00 448,425,600.00
Cash paid as dividend, profit, or
280,390,322.29 90,479,214.49
interests
Other cash paid for financing
1,307,454.51
activities
Subtotal of cash outflow from financing
380,390,322.29 540,212,269.00
activities
Net cash flow generated by financing
-130,390,322.29 270,687,754.63
activities
4. Influence of exchange rate changes
-22,970.66
on cash and cash equivalents
5. Net increase in cash and cash
391,824,398.80 65,918,246.33
equivalents
Plus: Balance of cash and cash
74,159,732.87 25,582,149.17
equivalents at the beginning of term
6. Balance of cash and cash equivalents
465,984,131.67 91,500,395.50
at the end of the period
2. Auditor’s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
China Fangda Group Co.,
Ltd.
Legal representative:
Xiong Jianming
31.10.17
31