China Fangda Group Co., Ltd. 2020 Q3 Report
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2020-51
China Fangda Group Co., Ltd. 2020 Q3 Report
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China Fangda Group Co., Ltd. 2020 Q3 Report
I Important Statement
The members of the Board and the Company guarantee that the
announcement 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. XiongJianming, 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. 2020 Q3 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) 11,906,374,078.74 11,369,964,580.11 4.72%
Net profit attributable to the
shareholders of the listed company 5,204,160,939.88 5,182,795,079.67 0.41%
(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) 848,436,105.17 21.34% 2,100,044,169.59 -1.18%
Net profit attributable to
shareholders of the listed company 68,793,891.42 150.45% 215,633,776.00 38.18%
(yuan)
Net profit attributable to the
shareholders of the listed company
54,966,749.35 250.97% 201,259,597.30 55.97%
and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
316,947,166.56 987.05% 179,961,687.16 144.06%
business operation (RMB)
Basic earnings per share
0.06 200.00% 0.20 42.86%
(yuan/share)
Diluted Earnings per share
0.06 200.00% 0.20 42.86%
(yuan/share)
Weighted average net income/asset Increased by 0.77 Increased by 1.02
1.32% 4.13%
ratio percentage points percentage points
Note: Due to changes in the accounting estimates of the expected credit loss rate of accounts receivable and contract assets in 2020,
the net profit from January to September 2020 will increase by RMB 84,734,058.68.
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount from beginning of
Item Notes
the year to the end of the
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China Fangda Group Co., Ltd. 2020 Q3 Report
report period
Non-current asset disposal gain/loss (including the write-off part
10,159,456.23
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 7,433,515.71
and based on unified national standard quota)
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional and derivative financial assets and liabilities and 5,211,270.22
sellable financial assets, other than valid period value instruments
related to the Company’s common businesses
Gain/loss from commissioned loans 397,420.84
Gain/loss from change of fair value of investment property
174,286.01
measured at fair value in follow-up measurement
Other non-business income and expenditures other than the above -5,875,702.70
Less: Influenced amount of income tax 3,052,223.50
Influenced amount of minority shareholders’ equity
73,844.11
(after-tax)
Total 14,374,178.70 --
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
61,688 0
shares at the end of the report period voting rights recovered in the
report period (if any)
Top 10 Shareholders
Nature of Shareholding Shareholding Conditional Pledging or freezing
Shareholder name
shareholder percentage number shares Share status Quantity
Shenzhen Domestic
10.77% 117,183,046 Pledged 32,700,000
BanglinTechnolo non-state legal
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China Fangda Group Co., Ltd. 2020 Q3 Report
gies Development person
Co., Ltd.
Shengjiu Foreign legal
9.66% 105,134,562
Investment Ltd. person
Domestic natural
Fang Wei 2.79% 30,322,437
person
Gong Qing
Cheng Shi Li He
Investment Domestic
Management non-state legal 2.46% 26,791,488
Partnership person
Enterprise
(limited partner)
VANGUARD
TOTAL
Foreign legal
INTERNATION 0.64% 6,962,407
person
AL STOCK
INDEX FUND
VANGUARD
EMERGING
Foreign legal
MARKETS 0.58% 6,312,683
person
STOCK INDEX
FUND
ShenwanHongyu
an Securities Foreign legal
0.52% 5,705,823
(Hong Kong) person
Co., Ltd.
Domestic natural
Qu Chunlin 0.51% 5,557,161
person
First Shanghai
Foreign legal
Securities 0.36% 3,938,704
person
Limited
Shanghai Silver
Leaf Investment
Co., Ltd.-Silver
Leaf Quantitative Others 0.35% 3,755,500
Hedging Phase 2
Private Securities
Investment Fund
Top 10 holders of unconditional shares
Shareholder name Amount of shares without sales restriction Category of shares
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China Fangda Group Co., Ltd. 2020 Q3 Report
Category of
Quantity
shares
Shenzhen Banglin Technologies RMB common
117,183,046 117,183,046
Development Co., Ltd. shares
Domestically
Shengjiu Investment Ltd. 105,134,562 listed foreign 105,134,562
shares
RMB common
Fang Wei 30,322,437 30,322,437
shares
Gong Qing Cheng Shi Li He
RMB common
Investment Management Partnership 26,791,488 26,791,488
shares
Enterprise (limited partner)
VANGUARD TOTAL Domestically
INTERNATIONAL STOCK INDEX 6,962,407 listed foreign 6,962,407
FUND shares
Domestically
VANGUARD EMERGING
6,312,683 listed foreign 6,312,683
MARKETS STOCK INDEX FUND
shares
Domestically
ShenwanHongyuan Securities (Hong
5,705,823 listed foreign 5,705,823
Kong) Co., Ltd.
shares
RMB common
Qu Chunlin 5,557,161 5,557,161
shares
Domestically
First Shanghai Securities Limited 3,938,704 listed foreign 3,938,704
shares
Shanghai Silver Leaf Investment
Co., Ltd.-Silver Leaf Quantitative RMB common
3,755,500 3,755,500
Hedging Phase 2 Private Securities shares
Investment Fund
Among the 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.
Shenzhen Banglin Technology Development Co., Ltd. holds 55,000,000 shares of the
Company through the customer credit transaction guarantee securities account of Ping An
Top-10 common share shareholders
Securities Co., Ltd., and Shanghai Yinye Investment Co., Ltd.-Yinye Quantitative Hedging
participating in margin trade (if any)
Phase 2 Private Securities Investment Fund through Xiangcai Securities Co., Ltd. The
customer credit transaction guarantee securities account holds 3,755,500 shares of the
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China Fangda Group Co., Ltd. 2020 Q3 Report
Company.
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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China Fangda Group Co., Ltd. 2020 Q3 Report
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
Item September 30, 2020 December 31, 2019 YOY change (%) Reason
Transactional 83,641,134.43 10,330,062.18 709.69% Mainly due to increase in Closing
financial assets balance bank borrowings
Notes receivable 154,118,383.63 305,070,930.97 -49.48% Mainly due to the decrease of
unterminated notes receivable
Account 477,375,042.94 1,956,191,307.07 -75.60% Mainly due to the
receivable implementation of the new
Contract assets 1,828,732,752.68 0.00 revenue standard to classify some
accounts receivable under the old
standard into contract assets
Short-term loans 1,485,747,404.29 724,618,197.34 105.04% Mainly due to increase in bank
borrowings
Notes payable 758,920,601.25 578,816,027.44 31.12% Mainly due to increased payment
of bills
Prepayment 1,333,551.23 136,340,104.73 -99.02% Mainly due to the
received implementation of the new
Contract liabilities 197,366,616.18 0.00 revenue standards to classify
advance receipts under the old
standards into contract liabilities;
at the same time, the growth of
the subway screen door business
during the current period and the
pre-sale of the Fangda Center
project resulted in an increase in
contract liabilities compared to
the advance receipts at the end of
the previous year
Employees' wage 23,115,171.51 55,847,134.20 -58.61% Annual bonus paid
payable
Taxes payable 30,336,924.01 17,848,987.68 69.96% Mainly due to relevant taxes and
fees accrued at the end of the
period
Non-current 95,219,592.88 922,346,563.72 -89.68% Repayment of long-term loans
liabilities due in 1 due within 1 year
year
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China Fangda Group Co., Ltd. 2020 Q3 Report
Other current 58,941,182.96 181,694,574.47 -67.56% Mainly due to the decrease of
liabilities unterminated notes receivable
Long-term loans 1,117,411,462.35 546,501,491.56 104.47% Mainly due to increase in bank
borrowings
Shares in stock 42,748,530.12 0.00 It is the repurchase cost of B
shares that have not yet been
cancelled in the current period
Surplus reserve 95,525,281.06 159,805,930.34 -40.22% Caused by the repurchase and
cancellation of B shares in the
current period
Minor 68,338,731.91 48,410,009.60 41.17% Mainly due to the transfer of part
shareholders’ of the equity of the subsidiary in
equity the current period
Item Total amount in this Last period YOY change (%) Reason
year
Taxes and 13,933,300.17 47,749,346.11 -70.82% Mainly due to the decrease in real
surcharges estate income which is due to the
decrease in provision of the land
VAT.
Sales expense 27,726,818.37 40,738,405.49 -31.94% Main due to decrease in Expense
R&D cost 96,985,432.54 35,163,348.44 175.81% Mainly due to increased
investment in research and
development
Credit impairment 84,166,868.00 -22,736,143.99 470.19% Mainly due to changes in
loss accounting estimates for accounts
receivable and expected credit
loss rate of contract assets in the
current period
Income tax 27,941,944.61 14,924,568.34 87.22% Mainly due to the increase in
expenses profits which is due to the
increase in income tax
Net profit 215,633,776.00 156,050,013.39 38.18% Mainly due to the increase in the
attributable to the net profit of the subway screen
owners of parent door business in the current
company period and the increase in the net
profit due to the change in the
accounting estimate of the
expected credit loss rate
Cash flow 179,961,687.16 -408,455,390.94 144.06% It is mainly due to the increase in
generated by cash flow of operating activities
business due to the gradual recovery of
operations, net mortgage bonds in the current
period and the decrease in tax and
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China Fangda Group Co., Ltd. 2020 Q3 Report
expense.
Cash flow -170,657,974.82 -398,879,702.81 57.22% The net investment expenditure
generated by in the current period was mainly
investment due to the increase in the
activities, net company's production base, fixed
assets and investment real estate
construction investment and the
increase in net wealth
management expenditure
Net cash flow 95,892,601.44 232,130,880.90 -58.69% Mainly due to the increase in
generated by bank loans and the payment of
financing cash dividends, and repurchase of
activities B-shares in the current period.
2. Progress of key issues and its impacts and solutions
□ Applicable √ Inapplicable
Progress in the implementation of share repurchase
√ Applicable □ Inapplicable
1. The company repurchased some 35,105,238 shares of domestically listed foreign shares (B shares) in 2019. The repurchase
and cancellation procedures were completed on May 20, 2020. For details, please refer to the company’s "About Repurchase of
Shares" disclosed on May 22, 2020. Announcement of completion of cancellation."
2. As of September 22, 2020, the Company's 2020 repurchase period for some domestically listed foreign shares (B shares) has
expired. A total 14,404,724 B shares have been repurchased. The highest price of repurchase is HK$3.47 per share. The lowest price
is HK$3.16 per share, and the cumulative payment of HK$48,359,819.24 (including transaction-related expenses). The company has
disclosed the "Announcement on the Expiry of the Repurchase Period and the Implementation Results of Share Repurchase" on
September 24, 2020. The repurchased shares shall be cancelled and the registered capital shall be reduced after being reviewed and
approved by the general meeting of shareholders within three years after the announcement of the repurchase results is disclosed; if
the Company's shareholders' meeting does not pass the review, the shares that have been repurchased will be transferred within three
years according to relevant regulations.
Progress in the implementation of the reduction of shareholding shares by means of centralized bidding
□ Applicable √ Inapplicable
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
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China Fangda Group Co., Ltd. 2020 Q3 Report
4. Financial assets investment
1. Securities investment
□ Applicable √ Inapplicable
The Company made no investment in securities in the report period
2. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Proporti
on of
closing
investm
Derivati
Impairm ent Actual
ve Initial Amount Closing
Related Amount ent amount gain/los
investm Relation Initial Start End investm sold in investm
transacti Type in this provisio in the s in the
ent ship amount date date ent this ent
on period n (if closing report
operator amount period amount
any) net period
name
assets in
the
report
period
Shangha
Shangha 30
i 06
i Septem 17,686. 11,799.0 5,887.3
Futures No No Februar 1.13% 217.69
aluminu ber 43 8 5
Exchan y 2020
m 2020
ge
Forward 30
2
foreign Septem 7,248.4 5,467.0 3,947.4
Banks No No 2,166 August 2,166 0.76% -13.02
exchang ber 9 7 2
2019
e 2020
24,934. 17,266. 9,834.7
Total 2,166 -- -- 2,166 1.89% 204.67
92 15 7
Capital source Self-owned fund
Lawsuit (if any) None
Disclosure date of derivative
investment approval by the Board of 16 April 2020
Directors (if any)
Disclosure date of derivative
investment approval by the
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China Fangda Group Co., Ltd. 2020 Q3 Report
Shareholders’ Meeting (if any)
The company's aluminum futures hedging and foreign exchange derivatives trading business
Risk analysis and control measures are all derivatives investment business. The company has established and implemented the
for the derivative holding in the "Derivatives Investment Business Management Measures" and "Commodity Futures
report period (including without Hedging Business Internal Control and Risk Management System". It has made clear
limitation market, liquidity, credit, regulations on the approval authority, business management, risk management, information
operation and legal risks) disclosure and file management of derivatives trading business, which can effectively control
the risk of the company's derivatives holding positions.
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 open market
derivative’s 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
5. Progress of investment projects with raised funds
□ Applicable √ Inapplicable
6. Forecast of operating performance in 2020
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
7. Major contracts for daily operations
□ Applicable √ Inapplicable
8. Entrusted wealth management
√ Applicable □ Inapplicable
In RMB10,000
Due balance to be
Type Source of fund Amount Undue balance
recovered
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China Fangda Group Co., Ltd. 2020 Q3 Report
Bank financial products Self-owned fund 61,664.52 8,364.11 0
Total 61,664.52 8,364.11 0
Specific circumstances of high-risk entrusted financing with large individual amount or low security, poor liquidity, and no cost
protection
□ Applicable √ Inapplicable
Entrusted financial management expected to fail to recover the principal or likely result in impairment
□ Applicable √ Inapplicable
9. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
10. 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.
XI. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Main content
involved and Disclosure of
Time/date Place Way Visitor Visitor
materials information
provided
GuotaiJunan
Securities Co.,
Ltd., Shenzhen
Cyberna Capital
Management
Partnership
(Limited
Shenzhen Business and Investor Relationship
30 September Onsite Partnership),
Fangda Town Institution future Record Form on
2020 investigation Shenzhen Dexun
Meeting room development www.cninfo.com.cn
Investment Co.,
Ltd., Shenzhen
QianhaiPai Asset
Management
Co., Ltd.,
Shenzhen
QianhaiHongxin
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China Fangda Group Co., Ltd. 2020 Q3 Report
g Investment
Co., Ltd.,
Qianhai Yangtze
River Fund
Management
(Shenzhen) Co.,
Ltd., Shenzhen
Zhongna Capital
Investment
Management
Co., Ltd.,
Shenzhen
QianhaiDaqianH
uayan
Investment Co.,
Ltd., Shenzhen
QianhaiLeying
Investment
Management
Co., Ltd.,
Shenzhen Daqin
Fund
Management
Co., Ltd.,
Shenzhen
Private Equity
Chamber of
Commerce
12. Donations
In the first three quarters of 2020, the Company and its employees donated a total of RMB7,772,160 for epidemic prevention and
control and targeted poverty alleviation. The main items are as follows:
1. In order to prevent and control the new crown epidemic, the Company supports medical staff who are on the front line of the
epidemic, respectively donating RMB2 million to the Wuhan Red Cross Society and RMB1 million to the Jiangxi Red Cross
Foundation for the purchase of prevention and control materials, motivate frontline medical staff;
2. Period To help the large tenants in Shenzhen, the Company has reduced the rent by RMB2.52 million;
3. The Company donated RMB2 million to the Jiangxi Red Cross Foundation to support poverty alleviation in Aktao County,
Xinjiang;
4. The Company organized party members and employees to donate RMB120,500 to fight the epidemic;
5. The Company donated 50,000 masks to the new district of Nanchang City, equivalent to RMB112,500 in capital;
The Company will continue to fulfill its social responsibility for precision poverty alleviation, and make donations from time to
time based on business development.
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China Fangda Group Co., Ltd. 2020 Q3 Report
13. Others
1. New bids and contracted orders
(1) High-end curtain wall system and material industry: In the first three quarters of 2020, the total amount of bids and orders
signed was RMB2.385 billion, and the order reserve was RMB3.433 billion, which was 2.35 times the operating income of the
high-end curtain wall system and material industry in the first three quarters.
(2) Rail transit screen door equipment industry: In the first three quarters of 2020, the total amount of winning bids and signing
orders is RMB734 million, and the order reserve is RMB1.545 billion, which is 3.02 times the operating income of the rail transit
screen door industry in the first three quarters.
2. Real estate:
(1) Shenzhen Fangda Town Project: The remaining small area of the project is for sale. The sales business at the end of this year
was affected by the epidemic. In the first three quarters, the subscribed sales area was 1,754.31 square meters, and the remaining area
for sale of the project was 5,849.94 square meters; the commercial occupancy rate Reached 99.46%; the newly rented area of office
buildings in the first three quarters was 12,588.86 square meters, and the occupancy rate reached 50%.
（2） Nanchang Fangda Center: The project is located in the Fenghuangzhou District of the New District of Honggutan,
Nanchang City. It covers a total area of 16,600 square metres and has a total building area of 66,432.61 square metres. It is a small
and medium-sized commercial complex integrated with office, apartment, shopping, leisure and entertainment. The project is mainly
sold and leased, with a sales area of 32,460.11 square metres. It was pre-sold on 28 December 2019. In the first three quarters, the
pre-sale area was 2,818.52 square meters.
3. Shenzhen FangdaBangshen Industrial Park: The project is located in Fuyong, Bao'an District, Shenzhen. It covers an area of
20,714.9 square meters and is currently an industrial plant. The project was approved in July 2019. During the reporting period, the
company is actively promoting the special plan of FangdaBongShen project.
(4) Urban renewal project along the Dagang River in Henggang, Shenzhen: The project is located in Dakang Village, Yuanshan Street,
Longgang District, Shenzhen. The area of the project to be demolished is about 72,000 square meters. The update direction is mainly
residential function, and finally subject to government approval. The Company is currently pushing forward the approval progress of
the urban renovation project.
China Fangda Group Co., Ltd.
Assistant representative: XiongJianming
October 21, 2020
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