China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
China Fangda Group Co., Ltd.
2020 Third Quarter Report
October 2020
1
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
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. 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. 2020 Q3 Report (Full)
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 the year to the end of the Notes
report period
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
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
Banglin non-state legal 10.77% 117,183,046 Pledged 32,700,000
Technologies person
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Development
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
Shenwan
Hongyuan Foreign legal
0.52% 5,705,823
Securities (Hong person
Kong) 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 (Full)
Category of
Quantity
shares
Shenzhen Banglin Technologies RMB common
117,183,046 117,183,046
Development Co., Ltd. shares
Foreign shares
Shengjiu Investment Ltd. 105,134,562 listed in domestic 105,134,562
exchanges
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
Shenwan Hongyuan Securities
5,705,823 listed foreign 5,705,823
(Hong 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 (Full)
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 (Full)
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 (Full)
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 (Full)
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 (Full)
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 (Full)
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 (Full)
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
Guotai Junan
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
Qianhai Pai
Asset
Management
Co., Ltd.,
Shenzhen
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Qianhai
Hongxing
Investment Co.,
Ltd., Qianhai
Yangtze River
Fund
Management
(Shenzhen) Co.,
Ltd., Shenzhen
Zhongna Capital
Investment
Management
Co., Ltd.,
Shenzhen
Qianhai Daqian
Huayan
Investment Co.,
Ltd., Shenzhen
Qianhai Leying
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
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
time based on business development.
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 Fangda Bangshen 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 Fangda BongShen 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.
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
In RMB
Item 30 September 2020 31 December 2019
Current asset:
Monetary capital 1,289,159,668.68 1,209,811,978.95
Settlement provision
Outgoing call loan
Transactional financial assets 83,641,134.43 10,330,062.18
Derivative financial assets 3,952,739.90
Notes receivable 154,118,383.63 305,070,930.97
Account receivable 477,375,042.94 1,956,191,307.07
Receivable financing 9,179,487.00 2,954,029.00
Prepayment 23,302,232.48 21,327,109.18
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other receivables 159,732,818.14 139,947,655.35
Including: interest receivable
Dividend receivable
Repurchasing of financial assets
Inventory 779,997,082.47 733,711,143.46
Contract assets 1,828,732,752.68
Assets held for sales
Non-current assets due in 1 year
Other current assets 362,982,490.69 323,765,585.90
Total current assets 5,172,173,833.04 4,703,109,802.06
Non-current assets:
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Loan and advancement provided
Debt investment
Other debt investment
Long-term receivables
Long-term share equity investment 56,459,068.49 57,222,240.83
Investment in other equity tools 19,968,988.33 20,660,181.44
Other non-current financial assets 5,022,698.34 5,009,728.02
Investment real estate 5,552,142,427.99 5,522,391,984.11
Fixed assets 480,197,549.92 477,332,830.92
Construction in process 166,389,860.93 129,988,982.86
Productive biological assets
Gas & petrol
Use right assets
Intangible assets 77,240,617.61 78,322,265.05
R&D expense
Goodwill
Long-term amortizable expenses 3,923,946.28 3,875,198.12
Deferred income tax assets 335,363,461.26 343,349,564.70
Other non-current assets 37,491,626.55 28,701,802.00
Total of non-current assets 6,734,200,245.70 6,666,854,778.05
Total of assets 11,906,374,078.74 11,369,964,580.11
Current liabilities
Short-term loans 1,485,747,404.29 724,618,197.34
Loans from Central Bank
Call loan received
Transactional financial liabilities
Derivative financial liabilities 96,767.62
Notes payable 758,920,601.25 578,816,027.44
Account payable 1,098,594,634.18 1,190,773,300.24
Prepayment received 1,333,551.23 136,340,104.73
Contract liabilities 197,366,616.18
Selling of repurchased financial
assets
Deposit received and held for
others
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Entrusted trading of securities
Entrusted selling of securities
Employees' wage payable 23,115,171.51 55,847,134.20
Taxes payable 30,336,924.01 17,848,987.68
Other payables 700,271,001.34 701,432,408.28
Including: interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liabilities due in 1
95,219,592.88 922,346,563.72
year
Other current liabilities 58,941,182.96 181,694,574.47
Total current liabilities 4,449,846,679.83 4,509,814,065.72
Non-current liabilities:
Insurance contract provision
Long-term loans 1,117,411,462.35 546,501,491.56
Bond payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term employees’ wage
payable
Anticipated liabilities 3,264,071.97 7,793,527.16
Deferred earning 10,699,717.41 10,817,247.40
Deferred income tax liabilities 1,052,652,475.39 1,063,833,159.00
Other non-current liabilities
Total of non-current liabilities 2,184,027,727.12 1,628,945,425.12
Total liabilities 6,633,874,406.95 6,138,759,490.84
Owner’s equity:
Share capital 1,088,278,951.00 1,123,384,189.00
Other equity tools
Including: preferred stock
Perpetual bond
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Capital reserves 1,454,191.59 1,454,191.59
Less: Shares in stock 42,748,530.12
Other miscellaneous income 1,805,039.91 -475,409.25
Special reserves
Surplus reserve 95,525,281.06 159,805,930.34
Common risk provisions
Undistributed profit 4,059,846,006.44 3,898,626,177.99
Total of owner’s equity belong to the
5,204,160,939.88 5,182,795,079.67
parent company
Minor shareholders’ equity 68,338,731.91 48,410,009.60
Total of owners’ equity 5,272,499,671.79 5,231,205,089.27
Total of liabilities and owner’s interest 11,906,374,078.74 11,369,964,580.11
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
Item 30 September 2020 31 December 2019
Current asset:
Monetary capital 250,382,070.74 175,591,953.63
Transactional financial assets 50,000,000.00
Derivative financial assets
Notes receivable
Account receivable 750,453.72 297,813.76
Receivable financing
Prepayment 1,073,066.42 250,205.32
Other receivables 1,441,064,427.21 1,973,381,342.74
Including: interest receivable
Dividend receivable
Inventory
Contract assets
Assets held for sales
Non-current assets due in 1 year
Other current assets 1,018,694.08 877,430.41
Total current assets 1,744,288,712.17 2,150,398,745.86
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term share equity investment 1,198,831,253.00 963,508,253.00
Investment in other equity tools 18,604,010.22 18,604,010.22
Other non-current financial assets 30,000,001.00 48,831,242.35
Investment real estate 329,160,695.00 295,355,002.00
Fixed assets 65,702,216.06 67,361,529.52
Construction in process
Productive biological assets
Gas & petrol
Use right assets
Intangible assets 1,600,216.93 1,824,589.22
R&D expense
Goodwill
Long-term amortizable expenses 785,225.33 934,669.73
Deferred income tax assets 26,039,148.81 44,408,630.81
Other non-current assets
Total of non-current assets 1,670,722,766.35 1,440,827,926.85
Total of assets 3,415,011,478.52 3,591,226,672.71
Current liabilities
Short-term loans 500,514,166.67 300,442,988.19
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 606,941.85 606,941.85
Prepayment received 794,358.51 746,761.55
Contract liabilities
Employees' wage payable 1,151,295.01 3,215,013.16
Taxes payable 12,438,948.60 312,647.89
Other payables 389,034,122.67 109,837,934.17
Including: interest payable
Dividend payable
20
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Liabilities held for sales
Non-current liabilities due in 1
520,872,206.95
year
Other current liabilities
Total current liabilities 904,539,833.31 936,034,493.76
Non-current liabilities:
Long-term loans 70,000,000.00
Bond payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term employees’ wage
payable
Anticipated liabilities
Deferred earning
Deferred income tax liabilities 72,577,932.24 64,351,075.92
Other non-current liabilities
Total of non-current liabilities 72,577,932.24 134,351,075.92
Total liabilities 977,117,765.55 1,070,385,569.68
Owner’s equity:
Share capital 1,088,278,951.00 1,123,384,189.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 360,835.52 360,835.52
Less: Shares in stock 42,748,530.12
Other miscellaneous income 1,287,629.38 1,287,629.38
Special reserves
Surplus reserve 95,525,281.06 159,805,930.34
Retained profit 1,295,189,546.13 1,236,002,518.79
Total of owners’ equity 2,437,893,712.97 2,520,841,103.03
Total of liabilities and owner’s interest 3,415,011,478.52 3,591,226,672.71
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
3. Consolidated Income Statement of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Total revenue 848,436,105.17 699,243,342.82
Incl. Business income 848,436,105.17 699,243,342.82
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 798,921,585.13 666,684,444.58
Incl. Business cost 684,079,649.22 562,481,963.87
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy
responsibility reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Taxes and surcharges 6,406,785.19 6,268,346.04
Sales expense 6,748,583.28 13,562,766.99
Administrative expense 30,704,814.43 37,409,946.41
R&D cost 45,386,121.67 20,460,675.32
Financial expenses 25,595,631.34 26,500,745.95
Including: interest cost 21,359,349.47 23,424,082.73
Interest income 3,187,970.02 1,208,273.71
Add: other gains 4,877,197.19 2,131,742.20
Investment gains (“-” for loss) 11,391,065.14 2,107,033.94
Incl. Investment gains from
-387,970.25 -156,637.53
affiliates and joint ventures
Financial assets
-1,670,822.09
derecognised as a result of amortized cost
Exchange gains ("-" for loss)
Net open hedge gains (“-” for
22
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
loss)
Gains from change of fair value
178,149.05 -121,506.67
(“-“ for loss)
Credit impairment ("-" for loss) 9,312,682.74 -18,366,483.61
Investment impairment loss
0.00
("-" for loss)
Investment gains ("-" for loss) -7,452.28 -8,050.57
3. Operational profit ("-" for loss) 75,266,161.88 18,301,633.53
Plus: non-operational income 182,064.27 1,061,813.66
Less: non-operational expenditure 1,057,740.28 953,272.75
4. Gross profit ("-" for loss) 74,390,485.87 18,410,174.44
Less: Income tax expenses 5,699,009.70 -9,094,691.37
5. Net profit ("-" for net loss) 68,691,476.17 27,504,865.81
(1) By operating consistency
1. Net profit from continuous
68,691,476.17 27,504,865.81
operation ("-" for net loss)
2. Net profit from discontinuous
operation ("-" for net loss)
(2) By ownership
1. Net profit attributable to the
68,793,891.42 27,468,258.38
owners of parent company
2. Minor shareholders’ equity -102,415.25 36,607.43
6. After-tax net amount of other misc.
1,339,516.17 227,053.45
incomes
After-tax net amount of other misc.
1,339,516.17 227,053.45
incomes attributed to parent's owner
(1) Other misc. incomes that cannot
-171,049.52
be re-classified into gain and loss
1. Re-measure the change in
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
-171,049.52
investment in other equity tools
4. Fair value change of the
company's credit risk
23
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
5. Others
(2) Other misc. incomes that will be
1,510,565.69 227,053.45
re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit or
loss under the equity method
2. Fair value change of other
debt investment
3. Gains and losses from
changes in fair value of available-for-sale
financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve 1,816,504.04 127,075.00
6. Translation difference of
-305,938.35 99,978.45
foreign exchange statement
7. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 70,030,992.34 27,731,919.26
Total of misc. incomes attributable
70,133,407.59 27,695,311.83
to the owners of the parent company
Total misc gains attributable to the
-102,415.25 36,607.43
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.06 0.02
(2) Diluted earnings per share 0.06 0.02
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. Consolidated Income Statement of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Turnover 6,131,493.26 7,375,435.58
Less: Operation cost 153,454.09 106,833.17
24
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Taxes and surcharges 435,719.82 323,375.21
Sales expense 0.00 0.00
Administrative expense 5,605,054.43 5,985,937.55
R&D cost 0.00 0.00
Financial expenses 6,165,062.38 12,747,466.71
Including: interest cost 5,223,822.22 11,186,191.67
Interest income 190,428.41 72,058.89
Add: other gains 382,374.54 73,719.18
Investment gains (“-” for loss) 137,066,359.09 1,000,481,381.24
Incl. Investment gains from
0.00
affiliates and joint ventures
Financial assets
derecognised as a result of amortized
cost
Net open hedge gains (“-” for
loss)
Gains from change of fair
33,805,693.00
value (“-“ for loss)
Credit impairment ("-" for
830.36 1,191.25
loss)
Investment impairment loss
0.00
("-" for loss)
Investment gains ("-" for loss) 0.00
2. Operational profit (“-” for loss) 165,027,459.53 988,768,114.61
Plus: non-operational income 1,675.51 0.00
Less: non-operational expenditure 1,584.22 607,774.57
4. Gross profit ("-" for loss) 165,027,550.82 988,160,340.04
Less: Income tax expenses 41,243,619.47 -2,951,715.89
4. Net profit (“-” for net loss) 123,783,931.35 991,112,055.93
(1) Net profit from continuous
123,783,931.35 991,112,055.93
operation ("-" for net loss)
(2) Net profit from discontinuous
0.00 0.00
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
25
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
loss
1. Re-measure the change
in the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
investment in other equity tools
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will
be re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit
or loss under the equity method
2. Fair value change of
other debt investment
3. Gains and losses from
changes in fair value of
available-for-sale financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve
6. Translation difference of
foreign exchange statement
7. Others
6. Total of misc. incomes 123,783,931.35 991,112,055.93
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
Item Amount occurred in the current period Occurred in previous period
1. Total revenue 2,100,044,169.59 2,125,134,289.81
Incl. Business income 2,100,044,169.59 2,125,134,289.81
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 1,956,840,089.99 1,948,269,844.75
Incl. Business cost 1,654,450,061.27 1,628,547,934.43
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy
responsibility reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Taxes and surcharges 13,933,300.17 47,749,346.11
Sales expense 27,726,818.37 40,738,405.49
Administrative expense 93,264,277.59 120,088,723.97
R&D cost 96,985,432.54 35,163,348.44
Financial expenses 70,480,200.05 75,982,086.31
Including: interest cost 64,524,327.30 63,900,969.21
Interest income 10,140,274.23 3,647,364.62
Add: other gains 11,091,309.96 6,133,192.71
Investment gains (“-” for loss) 10,677,401.60 6,163,431.10
Incl. Investment gains from
-763,172.34 -482,371.08
affiliates and joint ventures
Financial assets
-3,926,616.19
derecognised as a result of amortized cost
Exchange gains ("-" for loss)
Net open hedge gains (“-” for
loss)
Gains from change of fair value
187,256.33
(“-“ for loss)
Credit impairment ("-" for loss) 84,166,868.00 -22,736,143.99
Investment impairment loss
("-" for loss)
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Investment gains ("-" for loss) -9,434.00 -35,159.35
3. Operational profit ("-" for loss) 249,317,481.49 166,389,765.53
Plus: non-operational income 457,905.91 5,935,705.81
Less: non-operational expenditure 6,333,608.61 1,331,838.55
4. Gross profit ("-" for loss) 243,441,778.79 170,993,632.79
Less: Income tax expenses 27,941,944.61 14,924,568.34
5. Net profit ("-" for net loss) 215,499,834.18 156,069,064.45
(1) By operating consistency
1. Net profit from continuous
215,499,834.18 156,075,582.20
operation ("-" for net loss)
2. Net profit from discontinuous
-6,517.75
operation ("-" for net loss)
(2) By ownership
1. Net profit attributable to the
215,633,776.00 156,050,013.39
owners of parent company
2. Minor shareholders’ equity -133,941.82 19,051.06
6. After-tax net amount of other misc.
2,280,449.16 1,616,827.78
incomes
After-tax net amount of other misc.
2,280,449.16 1,616,827.78
incomes attributed to parent's owner
(1) Other misc. incomes that cannot
-691,193.11
be re-classified into gain and loss
1. Re-measure the change in
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
-691,193.11
investment in other equity tools
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will be
2,971,642.27 1,616,827.78
re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit or
loss under the equity method
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
2. Fair value change of other
debt investment
3. Gains and losses from
changes in fair value of available-for-sale
financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve 3,442,081.39 1,523,710.00
6. Translation difference of
-470,439.12 93,117.78
foreign exchange statement
7. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 217,780,283.34 157,685,892.23
Total of misc. incomes attributable
217,914,225.16 157,666,841.17
to the owners of the parent company
Total misc gains attributable to the
-133,941.82 19,051.06
minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.20 0.14
(2) Diluted earnings per share 0.20 0.14
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
6. Income Statement of the Parent Between the Beginning of the Year and to of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Turnover 18,850,888.36 24,517,458.46
Less: Operation cost 304,673.86 3,603,421.23
Taxes and surcharges 1,113,585.60 969,078.70
Sales expense
Administrative expense 16,921,097.82 17,272,507.40
R&D cost
Financial expenses 20,918,790.00 34,116,846.72
Including: interest cost 21,044,499.99 28,509,177.79
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Interest income 2,105,321.91 423,187.78
Add: other gains 678,193.43 307,786.17
Investment gains (“-” for loss) 137,404,920.26 1,001,636,564.66
Incl. Investment gains from
affiliates and joint ventures
Financial assets
derecognised as a result of amortized
cost
Net open hedge gains (“-” for
loss)
Gains from change of fair
33,805,693.00
value (“-“ for loss)
Credit impairment ("-" for
-1,447.50 5,923.64
loss)
Investment impairment loss
("-" for loss)
Investment gains ("-" for loss)
2. Operational profit (“-” for loss) 151,480,100.27 970,505,878.88
Plus: non-operational income 53,542.77 13,947.68
Less: non-operational expenditure 2,592.22 714,163.21
4. Gross profit ("-" for loss) 151,531,050.82 969,805,663.35
Less: Income tax expenses 37,930,075.93 -7,497,054.35
4. Net profit (“-” for net loss) 113,600,974.89 977,302,717.70
(1) Net profit from continuous
113,600,974.89 977,302,717.70
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. Re-measure the change
in the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
30
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
investment in other equity tools
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will
be re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit
or loss under the equity method
2. Fair value change of
other debt investment
3. Gains and losses from
changes in fair value of
available-for-sale financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve
6. Translation difference of
foreign exchange statement
7. Others
6. Total of misc. incomes 113,600,974.89 977,302,717.70
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
Item Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
2,079,228,727.06 1,891,062,422.83
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
31
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
from other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Cash received as interest,
processing fee, and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Net cash received from trading
securities
Tax refunded 7,245,062.12 3,159,514.49
Other cash received from business
322,690,561.86 79,255,080.98
operation
Sub-total of cash inflow from business
2,409,164,351.04 1,973,477,018.30
operations
Cash paid for purchasing products
1,491,176,860.30 1,499,926,065.43
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
Net increase in funds dismantled
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 244,648,450.29 237,800,254.07
Taxes paid 98,762,981.87 211,775,200.67
Other cash paid for business
394,614,371.42 432,430,889.07
activities
Sub-total of cash outflow from business
2,229,202,663.88 2,381,932,409.24
operations
32
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Cash flow generated by business
179,961,687.16 -408,455,390.94
operations, net
2. Cash flow generated by investment:
Cash received from investment
5,283,094,682.56 4,552,412,407.01
recovery
Cash received as investment profit 23,153,966.56 57,732,090.85
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 21,817.09 13,225,319.48
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
250.00
received
Sub-total of cash inflow generated from
5,306,270,716.21 4,623,369,817.34
investment
Cash paid for construction of fixed
assets, intangible assets and other 108,734,111.03 138,895,689.84
long-term assets
Cash paid as investment 5,367,970,000.00 4,821,419,000.00
Net increase of loan against pledge
Net cash paid for acquiring
61,934,830.31
subsidiaries and other operational units
Other cash paid for investment 224,580.00
Subtotal of cash outflows 5,476,928,691.03 5,022,249,520.15
Cash flow generated by investment
-170,657,974.82 -398,879,702.81
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment 1,200,000.00
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
2,582,964,542.85 939,219,991.00
loans
Other cash received from financing
39,406.61
activities
Subtotal of cash inflow from financing
2,584,164,542.85 939,259,397.61
activities
33
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Cash paid to repay debts 1,777,978,153.39 368,000,000.00
Cash paid as dividend, profit, or
149,396,498.92 299,128,516.71
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
560,897,289.10 40,000,000.00
activities
Subtotal of cash outflow from financing
2,488,271,941.41 707,128,516.71
activities
Net cash flow generated by financing
95,892,601.44 232,130,880.90
activities
4. Influence of exchange rate changes
-30,895.79 506,834.88
on cash and cash equivalents
5. Net increase in cash and cash
105,165,417.99 -574,697,377.97
equivalents
Plus: Balance of cash and cash
725,269,902.90 956,190,890.68
equivalents at the beginning of term
6. Balance of cash and cash equivalents
830,435,320.89 381,493,512.71
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
Item Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
22,476,688.18 19,933,171.21
products and providing of services
Tax refunded 232,652.87
Other cash received from business
5,036,897,537.71 2,110,545,435.02
operation
Sub-total of cash inflow from business
5,059,606,878.76 2,130,478,606.23
operations
Cash paid for purchasing products
899,878.34 2,295,025.64
and services
Cash paid to and for the staff 13,481,945.12 12,369,917.61
Taxes paid 1,259,720.17 1,788,240.77
Other cash paid for business 4,228,677,749.09 3,522,929,091.82
34
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
activities
Sub-total of cash outflow from business
4,244,319,292.72 3,539,382,275.84
operations
Cash flow generated by business
815,287,586.04 -1,408,903,669.61
operations, net
2. Cash flow generated by investment:
Cash received from investment
1,993,294,532.05 1,805,000,000.00
recovery
Cash received as investment profit 137,404,920.26 1,101,636,564.66
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 1,675.50
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
2,130,701,127.81 2,906,636,564.66
investment
Cash paid for construction of fixed
assets, intangible assets and other 56,366.88 52,697.00
long-term assets
Cash paid as investment 2,259,786,290.70 1,835,000,001.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 2,259,842,657.58 1,835,052,698.00
Cash flow generated by investment
-129,141,529.77 1,071,583,866.66
activities, net
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
500,000,000.00 400,000,000.00
loans
Other cash received from financing
39,406.61
activities
Subtotal of cash inflow from financing
500,000,000.00 400,039,406.61
activities
Cash paid to repay debts 890,000,000.00 10,000,000.00
35
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Cash paid as dividend, profit, or
76,406,634.30 252,206,781.54
interests
Other cash paid for financing
145,317,289.10
activities
Subtotal of cash outflow from financing
1,111,723,923.40 262,206,781.54
activities
Net cash flow generated by financing
-611,723,923.40 137,832,625.07
activities
4. Influence of exchange rate changes
367,984.24 405.76
on cash and cash equivalents
5. Net increase in cash and cash
74,790,117.11 -199,486,772.12
equivalents
Plus: Balance of cash and cash
175,341,953.63 281,594,621.80
equivalents at the beginning of term
6. Balance of cash and cash equivalents
250,132,070.74 82,107,849.68
at the end of the period
II. Financial Statement Adjustment
1. The implementation of the new financial instruments guidelines, new income standards, new lease
standards, adjustments the first implementation of the financial statements at the beginning of the year
√ Applicable □ Inapplicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
In RMB
Item 31 December 2019 1 January 2020 Adjustment
Current asset:
Monetary capital 1,209,811,978.95 1,209,811,978.95
Settlement provision
Outgoing call loan
Transactional financial
10,330,062.18 10,330,062.18
assets
Derivative financial
assets
Notes receivable 305,070,930.97 305,070,930.97
Account receivable 1,956,191,307.07 486,113,221.52 -1,470,078,085.55
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Receivable financing 2,954,029.00 2,954,029.00
Prepayment 21,327,109.18 21,327,109.18
Insurance receivable
Reinsurance receivable
Provisions of
Reinsurance contracts
receivable
Other receivables 139,947,655.35 139,947,655.35
Including: interest
receivable
Dividend
receivable
Repurchasing of
financial assets
Inventory 733,711,143.46 733,711,143.46
Contract assets 1,470,078,085.55 1,470,078,085.55
Assets held for sales
Non-current assets due
in 1 year
Other current assets 323,765,585.90 323,765,585.90
Total current assets 4,703,109,802.06 4,703,109,802.06
Non-current assets:
Loan and advancement
provided
Debt investment
Other debt investment
Long-term receivables
Long-term share equity
57,222,240.83 57,222,240.83
investment
Investment in other
20,660,181.44 20,660,181.44
equity tools
Other non-current
5,009,728.02 5,009,728.02
financial assets
Investment real estate 5,522,391,984.11 5,522,391,984.11
Fixed assets 477,332,830.92 477,332,830.92
Construction in process 129,988,982.86 129,988,982.86
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Productive biological
assets
Gas & petrol
Use right assets
Intangible assets 78,322,265.05 78,322,265.05
R&D expense
Goodwill
Long-term amortizable
3,875,198.12 3,875,198.12
expenses
Deferred income tax
343,349,564.70 343,349,564.70
assets
Other non-current assets 28,701,802.00 28,701,802.00
Total of non-current assets 6,666,854,778.05 6,666,854,778.05
Total of assets 11,369,964,580.11 11,369,964,580.11
Current liabilities
Short-term loans 724,618,197.34 724,618,197.34
Loans from Central
Bank
Call loan received
Transactional financial
liabilities
Derivative financial
96,767.62 96,767.62
liabilities
Notes payable 578,816,027.44 578,816,027.44
Account payable 1,190,773,300.24 1,190,773,300.24
Prepayment received 136,340,104.73 1,332,457.45 -135,007,647.28
Contract liabilities 123,981,276.51 123,981,276.51
Selling of repurchased
financial assets
Deposit received and
held for others
Entrusted trading of
securities
Entrusted selling of
securities
Employees' wage
55,847,134.20 55,847,134.20
payable
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Taxes payable 17,848,987.68 17,848,987.68
Other payables 701,432,408.28 701,432,408.28
Including: interest
payable
Dividend
payable
Fees and commissions
payable
Reinsurance fee payable
Liabilities held for sales
Non-current liabilities
922,346,563.72 922,346,563.72
due in 1 year
Other current liabilities 181,694,574.47 192,720,945.24 11,026,370.77
Total current liabilities 4,509,814,065.72 4,509,814,065.72
Non-current liabilities:
Insurance contract
provision
Long-term loans 546,501,491.56 546,501,491.56
Bond payable
Including: preferred
stock
Perpetual
bond
Lease liabilities
Long-term payable
Long-term employees’
wage payable
Anticipated liabilities 7,793,527.16 7,793,527.16
Deferred earning 10,817,247.40 10,817,247.40
Deferred income tax
1,063,833,159.00 1,063,833,159.00
liabilities
Other non-current
liabilities
Total of non-current
1,628,945,425.12 1,628,945,425.12
liabilities
Total liabilities 6,138,759,490.84 6,138,759,490.84
Owner’s equity:
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Share capital 1,123,384,189.00 1,123,384,189.00
Other equity tools
Including: preferred
stock
Perpetual
bond
Capital reserves 1,454,191.59 1,454,191.59
Less: Shares in stock
Other miscellaneous
-475,409.25 -475,409.25
income
Special reserves
Surplus reserve 159,805,930.34 159,805,930.34
Common risk provisions
Undistributed profit 3,898,626,177.99 3,898,626,177.99
Total of owner’s equity
5,182,795,079.67 5,182,795,079.67
belong to the parent company
Minor shareholders’
48,410,009.60 48,410,009.60
equity
Total of owners’ equity 5,231,205,089.27 5,231,205,089.27
Total of liabilities and
11,369,964,580.11 11,369,964,580.11
owner’s interest
About the adjustment
As of January 1, 2020, the Company has implemented new revenue guidelines, listed the assigned goods or services entitled to
receive consideration as contractual assets, and has been recognized as accounts receivable upon acquisition of unconditional
collection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in the
other current liabilities.
Balance Sheet of the Parent Company
In RMB
Item 31 December 2019 1 January 2020 Adjustment
Current asset:
Monetary capital 175,591,953.63 175,591,953.63
Transactional financial
assets
Derivative financial
assets
Notes receivable
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Account receivable 297,813.76 297,813.76
Receivable financing
Prepayment 250,205.32 250,205.32
Other receivables 1,973,381,342.74 1,973,381,342.74
Including: interest
receivable
Dividend
receivable
Inventory
Contract assets
Assets held for sales
Non-current assets due
in 1 year
Other current assets 877,430.41 877,430.41
Total current assets 2,150,398,745.86 2,150,398,745.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term share equity
963,508,253.00 963,508,253.00
investment
Investment in other
18,604,010.22 18,604,010.22
equity tools
Other non-current
48,831,242.35 48,831,242.35
financial assets
Investment real estate 295,355,002.00 295,355,002.00
Fixed assets 67,361,529.52 67,361,529.52
Construction in process
Productive biological
assets
Gas & petrol
Use right assets
Intangible assets 1,824,589.22 1,824,589.22
R&D expense
Goodwill
Long-term amortizable 934,669.73 934,669.73
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
expenses
Deferred income tax
44,408,630.81 44,408,630.81
assets
Other non-current assets
Total of non-current assets 1,440,827,926.85 1,440,827,926.85
Total of assets 3,591,226,672.71 3,591,226,672.71
Current liabilities
Short-term loans 300,442,988.19 300,442,988.19
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable
Account payable 606,941.85 606,941.85
Prepayment received 746,761.55 746,761.55
Contract liabilities
Employees' wage
3,215,013.16 3,215,013.16
payable
Taxes payable 312,647.89 312,647.89
Other payables 109,837,934.17 109,837,934.17
Including: interest
payable
Dividend
payable
Liabilities held for sales
Non-current liabilities
520,872,206.95 520,872,206.95
due in 1 year
Other current liabilities
Total current liabilities 936,034,493.76 936,034,493.76
Non-current liabilities:
Long-term loans 70,000,000.00 70,000,000.00
Bond payable
Including: preferred
stock
Perpetual
bond
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China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
Lease liabilities
Long-term payable
Long-term employees’
wage payable
Anticipated liabilities
Deferred earning
Deferred income tax
64,351,075.92 64,351,075.92
liabilities
Other non-current
liabilities
Total of non-current
134,351,075.92 134,351,075.92
liabilities
Total liabilities 1,070,385,569.68 1,070,385,569.68
Owner’s equity:
Share capital 1,123,384,189.00 1,123,384,189.00
Other equity tools
Including: preferred
stock
Perpetual
bond
Capital reserves 360,835.52 360,835.52
Less: Shares in stock
Other miscellaneous
1,287,629.38 1,287,629.38
income
Special reserves
Surplus reserve 159,805,930.34 159,805,930.34
Retained profit 1,236,002,518.79 1,236,002,518.79
Total of owners’ equity 2,520,841,103.03 2,520,841,103.03
Total of liabilities and
3,591,226,672.71 3,591,226,672.71
owner’s interest
About the adjustment
As of January 1, 2020, the Company has implemented new revenue guidelines, listed the assigned goods or services entitled to
receive consideration as contractual assets, and has been recognized as accounts receivable upon acquisition of unconditional
collection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in the
other current liabilities.
43
China Fangda Group Co., Ltd. 2020 Q3 Report (Full)
2. Description of the 2020 first implementation of the new Income criteria, new lease standard retrospective
adjustment of the previous period comparison data
□ Applicable √ Inapplicable
3. 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
October 21, 2020
44
