2018 Q1 Report of China Fangda Group Co., Ltd.
China Fangda Group Co., Ltd.
2018 First Quarter Report
April 2018
1
2018 Q1 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. Wu Bohua, the manager of accounting department
declare: the Financial Report carried in this report is authentic and completed.
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2018 Q1 Report of China Fangda Group Co., Ltd.
II. General Information
1. Financial Highlight
Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No
This report period Same period last year Year-on-year change (%)
Turnover (yuan) 650,032,997.33 573,546,634.49 13.34%
Net profit attributable to shareholders of
98,377,550.44 67,759,233.14 45.19%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 88,737,051.63 64,053,467.14 38.54%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-40,623,633.07 -4,846,476.55 766.89%
operation (RMB)
Basic earnings per share (yuan/share) 0.080 0.060 33.33%
Diluted Earnings per share (yuan/share) 0.080 0.060 33.33%
Weighted average net income/asset ratio 2.99% 2.83% 0.16%
End of the report period End of last year Year-on-year change
Total asset (RMB) 7,562,522,369.52 7,625,422,688.63 -0.82%
Net profit attributable to the shareholders
3,330,717,890.26 3,238,939,202.18 2.83%
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
57,452.19
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 1,863,448.41
and based on unified national standard quota)
Gain from entrusted investment or assets management 8,276,022.57
Other non-business income and expenditures other than the above 1,570,613.11
Less: Influenced amount of income tax 2,127,037.47
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2018 Q1 Report of China Fangda Group Co., Ltd.
Total 9,640,498.81 --
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 preferred
Number of shareholders of common
63,651 stocks of which voting rights 0
shares at the end of the report period
recovered in the report period
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 0 Pledged 34,990,000
Development Co., Ltd. person
Foreign legal
Shengjiu Investment Ltd. 7.66% 90,697,882 0
person
GUOTAI JUNAN
Foreign legal
SECURITIES(HONGKO 3.83% 45,325,358 0
person
NG) LIMITED
CITIC Securities
Foreign legal
Brokerage (Hong Kong) 2.30% 27,220,725 0
person
Co., Ltd.
Gong Qing Cheng Shi Li
He Investment Domestic
Management Partnership non-state legal 2.26% 26,791,488 0
Enterprise (limited person
partner)
China Resource SZITIC
Trust – China Resource
Others 1.30% 15,383,404 0
Trust No.13 Collective
Trust Program
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2018 Q1 Report of China Fangda Group Co., Ltd.
Shenwan Hongyuan
Foreign legal
Securities (Hong Kong) 1.28% 15,169,837 0
person
Co., Ltd.
Yunnan International
Trust CO., Ltd. – Juxin
Others 1.12% 13,229,635 0
No.5 Collective Fund
Trust Program
Yunnan International
Trust CO., Ltd. – Yunxia
Others 0.73% 8,635,314 0
No.3 Collective Fund
Trust Program
VANGUARD
Foreign legal
EMERGING MARKETS 0.67% 7,946,483 0
person
STOCK INDEX 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
103,161,409 103,161,409
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 90,697,882 listed in domestic 90,697,882
exchanges
GUOTAI JUNAN Foreign shares
SECURITIES(HONGKONG) 45,325,358 listed in domestic 45,325,358
LIMITED exchanges
Foreign shares
CITIC Securities Brokerage (Hong
27,220,725 listed in domestic 27,220,725
Kong) Co., Ltd.
exchanges
Gong Qing Cheng Shi Li He
RMB common
Investment Management Partnership 26,791,488 26,791,488
shares
Enterprise (limited partner)
China Resource SZITIC Trust – China
RMB common
Resource Trust No.13 Collective Trust 15,383,404 15,383,404
shares
Program
Foreign shares
Shenwan Hongyuan Securities (Hong
15,169,837 listed in domestic 15,169,837
Kong) Co., Ltd.
exchanges
Yunnan International Trust CO., Ltd. RMB common
13,229,635 13,229,635
– Juxin No.5 Collective Fund Trust shares
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2018 Q1 Report of China Fangda Group Co., Ltd.
Program
Yunnan International Trust CO., Ltd.
RMB common
– Yunxia No.3 Collective Fund Trust 8,635,314 8,635,314
shares
Program
Foreign shares
VANGUARD EMERGING
7,946,483 listed in domestic 7,946,483
MARKETS STOCK INDEX FUND
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
relationship or "action in concert"
Partnership 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
None
participating in margin trade
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 by the end of
the report period
□ Applicable √ Inapplicable
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2018 Q1 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
Items Closing amount Opening amount Change Cause of change
Mainly due to purchase
Other current assets 643,201,146.13 439,890,493.06 46.22%
financial products
Mainly due to pre-paid house
Other non-current
7,233,884.12 31,130,198.46 -76.76% purchases transferred to fixed
assets
assets
Employees’ wage
17,822,353.53 40,399,130.75 -55.88% Annual bonus paid
payable
Amount of the
Items Last period Change Cause of change
Current Term
Mainly due to increase in sales
Turnover 650,032,997.33 573,546,634.49 13.34%
from the real estate business
Mainly due to provision of real
Taxes and surcharges 57,107,989.44 36,724,201.67 55.51%
estate sales tax
Mainly due to purchase
Investment income 6,728,202.21 963,118.22 598.59%
financial products
Mainly due to provision of
Income tax expenses 33,501,097.89 20,846,618.03 60.70% income tax for the real estate
business
Net profit attributable Mainly due to increase in the
to the owners of parent 98,377,550.44 67,759,233.14 45.19% business income and gross
company profit margin
Mainly due to the increase in
Other cash paid for
204,744,773.26 56,839,430.42 260.22% various margins such as real
business operations
estate development business
Cash paid for Mainly due to purchase of
2,091,800,000.00 1,024,200,000.00 104.24%
investment financial products
2. Progress of key issues and its impacts and solutions
□ Applicable √ Inapplicable
3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,
acquirers of the Company
□ Applicable √ Inapplicable
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2018 Q1 Report of China Fangda Group Co., Ltd.
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company
4. Forecast of operating performance between January and June in 2018
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 31.01.1 13,015. 11,295.3
Futures None No aluminu 151.25 151.25 1,871.4 3.39% -135.48
6 9 5 5
Exchan m
ge
13,015. 11,295.3
Total 151.25 -- -- 151.25 1,871.4 3.39% -135.48
5 5
Capital source Self-owned fund
Lawsuit involved None
Disclosure date of derivative
investment approval by the Board of 31.10.17
Directors
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2018 Q1 Report of China Fangda Group Co., Ltd.
Disclosure date of derivative
investment approval by the None
shareholders’ meeting
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
None
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
Inquiry about the Company's operation
08.01.18 Telephone communication Individual
condition
Inquiry about the Company's shares with
10.01.18 Telephone communication Individual
sales restriction
Inquiry about the progress of the Fangda
18.01.18 Telephone communication Individual
Town project
Inquiry about the Company's result
22.01.18 Telephone communication Individual
forecast
Inquiry about the Company's future
25.01.18 Telephone communication Institution
development strategy
Inquiry about the Company' semi-year
02.02.18 Telephone communication Individual
performance
05.02.18 Telephone communication Individual Inquiry about project bidding
09.02.18 Telephone communication Individual Inquiry about the sales of the Fangda
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2018 Q1 Report of China Fangda Group Co., Ltd.
Town project
Inquiry about the Company's profit
23.02.18 Telephone communication Individual
distribution
Inquiry about pledging of shares by
26.02.18 Telephone communication Institution
major shareholders
Inquiry about the Company's operation
02.03.18 Telephone communication Individual
condition
Inquiry about the Company's operation
08.03.18 Telephone communication Individual
condition
Inquiry about the Company's operation
22.03.18 Telephone communication Individual
condition
Inquiry about the Company's operation
28.03.18 Telephone communication Individual
condition in Q1
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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2018 Q1 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 Opening balance
Current asset:
Monetary capital 901,660,643.61 1,180,398,479.51
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 26,611,416.82 39,636,437.20
Account receivable 1,893,447,311.86 1,920,372,426.16
Prepayment 73,684,982.62 54,680,269.84
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 4,090,191.77 3,829,315.07
Dividend receivable
Other receivables 95,318,661.48 57,075,357.62
Repurchasing of financial assets
Inventory 755,065,589.13 819,610,960.67
Assets held for sales
Non-current assets due in 1 year
Other current assets 643,201,146.13 439,890,493.06
Total current assets 4,393,079,943.42 4,515,493,739.13
Non-current assets:
Loan and advancement provided
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2018 Q1 Report of China Fangda Group Co., Ltd.
Sellable financial assets 28,562,575.67 28,562,575.67
Investment held until mature
Long-term receivable
Long-term share equity investment 41,394,235.26 34,142,055.62
Investment real estate 2,303,886,680.12 2,253,794,404.55
Fixed assets 486,954,295.29 468,118,279.18
Construction in process 2,766,056.02 2,668,198.62
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 58,573,003.74 58,869,444.53
R&D expense
Goodwill
Long-term amortizable expenses 1,733,076.97 2,046,202.29
Deferred income tax assets 238,338,618.91 230,597,590.58
Other non-current assets 7,233,884.12 31,130,198.46
Total of non-current assets 3,169,442,426.10 3,109,928,949.50
Total of assets 7,562,522,369.52 7,625,422,688.63
Current liabilities
Short-term loans 574,000,000.00 616,000,000.00
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 6,116,250.00 159,000.00
Notes payable 463,890,209.33 532,921,025.48
Account payable 796,314,904.66 946,392,258.92
Prepayment received 125,322,700.60 175,351,686.45
Selling of repurchased financial
assets
Fees and commissions payable
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2018 Q1 Report of China Fangda Group Co., Ltd.
Employees’ wage payable 17,822,353.53 40,399,130.75
Taxes payable 151,780,545.11 136,955,516.44
Interest payable 4,989,744.18 2,425,311.97
Dividend payable
Other payables 554,116,397.87 501,189,510.69
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liabilities due in 1
200,000,000.00 200,000,000.00
year
Other current liabilities 12,404,150.69 9,531,014.81
Total current liabilities 2,906,757,255.97 3,161,324,455.51
Non-current liabilities:
Long-term loans 983,978,153.39 893,978,153.39
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable
Long-term employees’ wage
payable
Special payables
Anticipated liabilities 5,851,816.95 6,368,353.05
Deferred earning 10,427,144.12 10,489,483.94
Deferred income tax liabilities 324,790,108.83 314,323,040.56
Other non-current liabilities
Total of non-current liabilities 1,325,047,223.29 1,225,159,030.94
Total liabilities 4,231,804,479.26 4,386,483,486.45
Owner’s equity:
Share capital 1,183,642,254.00 1,183,642,254.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 72,829,484.96 72,829,484.96
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2018 Q1 Report of China Fangda Group Co., Ltd.
Less: Shares in stock
Other miscellaneous income 1,986,985.63 8,585,847.99
Special reserves
Surplus reserves 110,690,396.65 110,690,396.65
Common risk provisions
Retained profit 1,961,568,769.02 1,863,191,218.58
Total of owner’s equity belong to the
3,330,717,890.26 3,238,939,202.18
parent company
Minor shareholders’ equity
Total of owners’ equity 3,330,717,890.26 3,238,939,202.18
Total of liabilities and owner’s interest 7,562,522,369.52 7,625,422,688.63
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 216,380,065.17 310,299,329.68
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 408,154.54
Prepayment 199,537.74 349,740.31
Interest receivable 0.00 1,020,000.00
Dividend receivable 150,000,000.00 150,000,000.00
Other receivables 881,183,484.62 672,773,780.45
Inventory 0.00
Assets held for sales
Non-current assets due in 1 year
Other current assets 150,244,572.36 100,176,058.36
Total current assets 1,398,007,659.89 1,235,027,063.34
Non-current assets:
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2018 Q1 Report of China Fangda Group Co., Ltd.
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 983,339,494.35 925,349,494.35
Investment real estate 307,321,568.00 307,321,568.00
Fixed assets 55,232,046.25 55,816,611.77
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,232,990.02 2,293,133.59
R&D expense
Goodwill
Long-term amortizable expenses 427,499.98 460,000.00
Deferred income tax assets 23,409,547.43 23,409,576.18
Other non-current assets 0.00
Total of non-current assets 1,400,525,721.70 1,343,212,959.56
Total of assets 2,798,533,381.59 2,578,240,022.90
Current liabilities
Short-term loans 250,000,000.00 250,000,000.00
Financial liabilities measured at
fair value with variations accounted into 0.00
current income account
Derivative financial liabilities 0.00
Notes payable 0.00
Account payable 606,941.85 606,941.85
Prepayment received 693,045.60 721,888.86
Employees’ wage payable 923,816.96 2,151,237.91
Taxes payable 11,747,133.40 11,721,681.36
Interest payable 422,036.83 365,520.83
Dividend payable 0.00
Other payables 368,023,058.59 287,607,287.54
Liabilities held for sales
Non-current liabilities due in 1
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2018 Q1 Report of China Fangda Group Co., Ltd.
year
Other current liabilities
Total current liabilities 632,416,033.23 553,174,558.35
Non-current liabilities:
Long-term loans 140,000,000.00
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 63,912,460.40 63,864,007.22
Other non-current liabilities
Total of non-current liabilities 203,912,460.40 63,864,007.22
Total liabilities 836,328,493.63 617,038,565.57
Owner’s equity:
Share capital 1,183,642,254.00 1,183,642,254.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 71,736,128.89 71,736,128.89
Less: Shares in stock
Other miscellaneous income 8,756,553.46 8,756,553.46
Special reserves
Surplus reserves 110,690,396.65 110,690,396.65
Retained profit 587,379,554.96 586,376,124.33
Total of owners’ equity 1,962,204,887.96 1,961,201,457.33
Total of liabilities and owner’s interest 2,798,533,381.59 2,578,240,022.90
3. Consolidated Income Statement
In RMB
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2018 Q1 Report of China Fangda Group Co., Ltd.
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 650,032,997.33 573,546,634.49
Incl. Business income 650,032,997.33 573,546,634.49
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 528,787,371.03 489,407,031.68
Incl. Business cost 398,153,159.63 394,608,165.03
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 57,107,989.44 36,724,201.67
Sales expense 9,988,975.74 10,160,076.95
Administrative expense 40,820,668.19 37,770,848.96
Financial expenses 19,744,665.08 12,891,638.49
Asset impairment loss 2,971,912.96 -2,747,899.42
Plus: gains from change of fair value
-58,700.00 369,591.00
(“-“ for loss)
Investment gains (“-“ for loss) 6,728,202.21 963,118.22
Incl. Investment gains from
-1,547,820.36 -575,132.67
affiliates and joint ventures
Exchange gains (“-“ for loss)
Investment gains ("-" for loss) 59,007.69 -53,894.97
Other gains 2,330,454.12 1,395,832.91
3. Operational profit (“-“ for loss) 130,304,590.32 86,814,249.97
Plus: non-operational income 1,641,111.57 1,746,338.04
Less: non-operational expenditure 67,053.56 197,274.88
4. Gross profit (“-“ for loss) 131,878,648.33 88,363,313.13
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2018 Q1 Report of China Fangda Group Co., Ltd.
Less: Income tax expenses 33,501,097.89 20,846,618.03
5. Net profit (“-“ for net loss) 98,377,550.44 67,516,695.10
(1) Net profit from continuous
98,377,550.44 68,132,436.94
operation ("-" for net loss)
(2) Net profit from discontinuous
0.00 -615,741.84
operation ("-" for net loss)
Net profit attributable to the owners
98,377,550.44 67,759,233.14
of parent company
Minor shareholders’ equity 0.00 -242,538.04
6. After-tax net amount of other misc.
-6,598,862.36 924,176.32
incomes
After-tax net amount of other misc.
-6,598,862.36 924,176.32
incomes attributed to parent's owner
(1) Other misc. incomes that cannot
0.00
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
-6,598,862.36 924,176.32
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
-6,514,470.00 774,158.75
and loss of arbitrage of cash flow
5. Translation difference of
-84,392.36 150,017.57
foreign exchange statement
6. Others
After-tax net of other misc. income
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2018 Q1 Report of China Fangda Group Co., Ltd.
attributed to minority shareholders
7. Total of misc. incomes 91,778,688.08 68,440,871.42
Total of misc. incomes attributable
91,778,688.08 68,683,409.46
to the owners of the parent company
Total misc gains attributable to the
0.00 -242,538.04
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.080 0.060
(2) Diluted earnings per share 0.080 0.060
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: Wu Bohua
4. Income Statement of the Parent Company
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 7,377,165.13 6,845,336.82
Less: Operation cost 162,820.81 406,361.52
Taxes and surcharges 47,689.87 312,223.66
Sales expense
Administrative expense 5,079,218.61 5,673,991.65
Financial expenses 2,247,754.36 -223,544.29
Asset impairment loss -114.99 -12,944.02
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for loss) 1,476,812.48 -542,255.96
Incl. Investment gains from
-575,132.67
affiliates and joint ventures
Investment gains ("-" for loss)
Other gains 100,000.00 681,200.00
2. Operational profit (“-“ for loss) 1,416,608.95 828,192.34
Plus: non-operational income 2,300.00 1,380,567.86
Less: non-operational expenditure 9,848.64
3. Gross profit (“-“ for loss) 1,418,908.95 2,198,911.56
Less: Income tax expenses 415,478.32 703,722.55
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2018 Q1 Report of China Fangda Group Co., Ltd.
4. Net profit (“-“ for net loss) 1,003,430.63 1,495,189.01
(1) Net profit from continuous
1,003,430.63 1,495,189.01
operation ("-" for net loss)
(2) Net profit from discontinuous
operation ("-" for net loss)
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 1,003,430.63 1,495,189.01
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
20
2018 Q1 Report of China Fangda Group Co., Ltd.
5. Consolidated Cash Flow Statement
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
663,119,560.92 854,772,826.23
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 422,809.19 1,292,690.35
Other cash received from business
194,722,039.64 41,062,862.35
operation
Sub-total of cash inflow from business
858,264,409.75 897,128,378.93
operations
Cash paid for purchasing products
559,325,123.89 644,166,577.65
and services
Net increase of client trade and
advance
21
2018 Q1 Report of China Fangda Group Co., Ltd.
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 79,300,919.33 75,055,798.07
Taxes paid 55,517,226.34 125,913,049.34
Other cash paid for business
204,744,773.26 56,839,430.42
activities
Sub-total of cash outflow from
898,888,042.82 901,974,855.48
business operations
Cash flow generated by business
-40,623,633.07 -4,846,476.55
operations, net
2. Cash flow generated by investment:
Cash received from investment
1,873,000,000.00 847,400,000.00
recovery
Cash received as investment profit 8,015,145.87 1,855,342.67
Net cash retrieved from disposal
of fixed assets, intangible assets, and 360.00 860,000.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated
1,881,015,505.87 850,115,342.67
from investment
Cash paid for construction of
fixed assets, intangible assets and other 21,487,326.27 29,829,710.34
long-term assets
Cash paid as investment 2,091,800,000.00 1,024,200,000.00
Net increase of loan against
pledge
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 2,113,287,326.27 1,054,029,710.34
22
2018 Q1 Report of China Fangda Group Co., Ltd.
Cash flow generated by investment
-232,271,820.40 -203,914,367.67
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
148,000,000.00 298,892,140.13
loans
Cash received from bond placing
Other cash received from
financing activities
Subtotal of cash inflow from financing
148,000,000.00 298,892,140.13
activities
Cash paid to repay debts 100,000,000.00 190,000,000.00
Cash paid as dividend, profit, or
18,746,403.48 19,702,834.06
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
activities
Subtotal of cash outflow from
118,746,403.48 209,702,834.06
financing activities
Net cash flow generated by financing
29,253,596.52 89,189,306.07
activities
4. Influence of exchange rate changes
-1,891,037.79 -119,537.97
on cash and cash equivalents
5. Net increase in cash and cash
-245,532,894.74 -119,691,076.12
equivalents
Plus: Balance of cash and cash
931,285,535.55 935,824,575.40
equivalents at the beginning of term
6. Balance of cash and cash equivalents
685,752,640.81 816,133,499.28
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
23
2018 Q1 Report of China Fangda Group Co., Ltd.
1. Net cash flow from business
operations:
Cash received from sales of
140,521,112.40 6,005,590.24
products and providing of services
Tax refunded
Other cash received from business
454,176,095.73 248,854,854.53
operation
Sub-total of cash inflow from business
594,697,208.13 254,860,444.77
operations
Cash paid for purchasing products
117,995.70 27,178,851.45
and services
Cash paid to and for the staff 4,310,306.35 5,173,336.56
Taxes paid 1,200,412.23 720,339.74
Other cash paid for business
725,018,532.50 79,271,693.27
activities
Sub-total of cash outflow from
730,647,246.78 112,344,221.02
business operations
Cash flow generated by business
-135,950,038.65 142,516,223.75
operations, net
2. Cash flow generated by investment:
Cash received from investment
942,880,000.00 100,000,000.00
recovery
Cash received as investment profit 2,496,812.48 431,862,876.73
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
945,376,812.48 531,862,876.73
from investment
Cash paid for construction of
fixed assets, intangible assets and other 415,830.00 433,510.00
long-term assets
Cash paid as investment 1,040,870,000.00 100,000,000.00
Net cash paid for acquiring
subsidiaries and other operational units
24
2018 Q1 Report of China Fangda Group Co., Ltd.
Other cash paid for investment
Subtotal of cash outflows 1,041,285,830.00 100,433,510.00
Cash flow generated by investment
-95,909,017.52 431,429,366.73
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
140,000,000.00
loans
Cash received from bond placing
Other cash received from
financing activities
Subtotal of cash inflow from financing
140,000,000.00
activities
Cash paid to repay debts 100,000,000.00
Cash paid as dividend, profit, or
2,060,208.34 1,967,831.25
interests
Other cash paid for financing
activities
Subtotal of cash outflow from
2,060,208.34 101,967,831.25
financing activities
Net cash flow generated by financing
137,939,791.66 -101,967,831.25
activities
4. Influence of exchange rate changes
on cash and cash equivalents
5. Net increase in cash and cash
-93,919,264.51 471,977,759.23
equivalents
Plus: Balance of cash and cash
310,049,329.68 74,159,732.87
equivalents at the beginning of term
6. Balance of cash and cash equivalents
216,130,065.17 546,137,492.10
at the end of the period
2. Auditor‘s report
Whether the Q1 report is audited
□ Yes √ No
The Q2 Report is not audited.
25
2018 Q1 Report of China Fangda Group Co., Ltd.
China Fangda Group Co., Ltd.
Legal representative: Xiong Jianming
24.04.18
26