China Fangda Group Co., Ltd. 2015 Third Quarter Report
China Fangda Group Co., Ltd.
2015 Third Quarter Report
October 2015
1
China Fangda Group Co., Ltd. 2015 Third Quarter Report
I Important Statement
The members of the Board and the Company guarantee that the quarterly report is free from any
false information, misleading statement or material omission and are jointly and severally liable for the
information’s truthfulness, accuracy and integrity.
Directors other than the following ones have attended the Board meeting to review the quarterly
report.
Name of absent director Position of absent director Reason Name of proxy
Guo Wanda Independent director Business engagement Huang Yaying
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief Financial Officer, and Mr. Chen
Yonggang, the manager of accounting department declare: the Financial Report carried in this report is
authentic and completed.
2
China Fangda Group Co., Ltd. 2015 Third Quarter Report
II Financial Highlight and Changes in Shareholders
1. Financial Highlight
The Company retroactively adjusts or restates financial statistics of the previous years because of
changes in account policies and correction of accounting errors.
□ Yes √ No
End of the report period End of last year Year-on-year change
Total asset (RMB) 4,452,270,338.77 3,662,719,900.41 21.56%
Net profit attributable to the
shareholders of the listed 1,283,779,156.07 1,234,930,863.46 3.96%
company (RMB)
Between beginning Change from the
Year-on-year change
This report period of the year to the end same period last
(%)
of the report period year
Turnover (yuan) 692,471,803.42 38.47% 1,842,587,326.95 39.29%
Net profit attributable to
shareholders of the listed 20,237,940.89 9.21% 71,555,589.76 20.67%
company (yuan)
Net profit attributable to the
shareholders of the listed
543,165.95 -96.13% 36,030,218.35 -32.30%
company and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-- -- -363,986,462.96
business operation (RMB)
Basic earnings per share
0.027 12.50% 0.095 21.79%
(yuan/share)
Diluted Earnings per share
0.027 12.50% 0.095 21.79%
(yuan/share)
Weighted average net
1.62% 0.06% 5.66% 0.61%
income/asset ratio
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
3
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Non-current asset disposal gain/loss (including the write-off
-476,368.96
part for which assets impairment provision is made)
Subsidies accounted into the current income account
(except the government subsidy closely related to the
867,111.79
enterprise’s business and based on unified national
standard quota)
Gain from entrusted investment or assets management 305,106.85
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable 542,980.00
financial assets, other than valid period value instruments
related to the Company’s common businesses
Gain/loss from change of fair value of investment property
58,255,835.22
measured at fair value in follow-up measurement
Other non-business income and expenditures other than the
-10,206,457.42
above
Less: Influenced amount of income tax 13,473,169.87
Influenced amount of minority shareholders’ equity
289,666.20
(after-tax)
Total 35,525,371.41 --
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) Total number of common shareholders and shareholding of top 10 common shareholders by
the end of the report period
In share
Number of shareholders of
common shares at the end of the 50,213
report period
Top 10 Shareholders of Common Shares
Properties of Number of Conditional Pledging or freezing
Shareholder Shareholding
shareholder shares shares Share status Amount
4
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Shenzhen
Banglin Domestic
Technologies non-state legal 9.09% 68,774,273 68,774,273 Pledged 57,769,900
Development person
Co., Ltd.
Shengjiu Foreign legal
6.15% 46,569,330 46,569,330
Investment Ltd. person
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 4.46% 33,792,702 33,792,702
person
ONGKONG)
LIMITED
NCF- China
Minsheng Bank
– Zhongke
Jiutai No.1 Others 2.43% 18,379,190 18,379,190
Assets
Management
Program
Shenzhen
Domestic
Shilihe
non-state legal 2.36% 17,860,992 17,860,992
Investment Co.,
person
Ltd.
Domestic
Zhou Shijian 2.14% 16,213,500 16,213,500
natural person
Domestic
Huang Jupei 1.42% 10,710,900 10,710,900
natural person
Shanghai Hong
Foreign legal
Kong Wanguo 1.31% 9,885,935 9,885,935
person
Securities
Domestic
Jiang Jing 0.97% 7,340,514 7,340,514
natural person
Overseas
Yu Peidi 0.67% 5,054,200 5,054,200
natural person
Top 10 shareholders of unconditional common shares
Category of shares
Shareholder Amount of unconditional common shares Category of
Amount
shares
Shenzhen Banglin Technologies RMB common
68,774,273 68,774,273
Development Co., Ltd. shares
5
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Foreign shares
listed in
Shengjiu Investment Ltd. 46,569,330 46,569,330
domestic
exchanges
Foreign shares
GUOTAI JUNAN
listed in
SECURITIES(HONGKONG) 33,792,702 33,792,702
domestic
LIMITED
exchanges
NCF- China Minsheng Bank –
RMB common
Zhongke Jiutai No.1 Assets 18,379,190 18,379,190
shares
Management Program
Shenzhen Shilihe Investment RMB common
17,860,992 17,860,992
Co., Ltd. shares
RMB common
Zhou Shijian 16,213,500 16,213,500
shares
RMB common
Huang Jupei 10,710,900 10,710,900
shares
Foreign shares
Shanghai Hong Kong Wanguo listed in
9,885,935 9,885,935
Securities domestic
exchanges
RMB common
Jiang Jing 7,340,514 7,340,514
shares
RMB common
Yu Peidi 5,054,200 5,054,200
shares
Among the shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin
Notes to top ten shareholder
Technology Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are
relationship or "action in concert"
related parties. The Company is not notified of other action-in-concert or related
parties among the other holders of current shares.
Zhou Shijian holds 16,213,500 stocks of the Company through the GF securities
customer credit transaction guarantee securities account; Huang Jupei holds
Top-10 common share
10,709,900 stocks of the Company through the GF securities customer credit
shareholders participating in
transaction guarantee securities account; Jiang Jing holds 7,340,514 stocks of the
margin trade
Company through the Everbright Securities customer credit transaction guarantee
securities account.
By the close on September 30, 2015, China Securities Finance Corporation Limited held 2,512,300 A-shares of the
Company, accounting for 0.33% of the aggregate.
By the close on September 30, 2015, Central Huijin Investment Ltd. held 841,900 A-shares of the Company, accounting
for 0.11% of the aggregate.
6
China Fangda Group Co., Ltd. 2015 Third Quarter Report
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
7
China Fangda Group Co., Ltd. 2015 Third Quarter Report
III Significant Events
1. Major changes in accounting items and financial data in the report period and
reasons
√ Applicable □ Inapplicable
In RMB
Items Closing amount Opening amount Change Cause of change
Collection of mature bills and
Notes receivable 14,609,951.82 83,325,725.70 -82.47%
accounts receivable
Account
1,450,379,147.99 1,105,242,251.46 31.23% Increase in income
receivable
Prepaid engineering amount
for Fangda Town renovation
Prepayment 107,964,979.40 29,234,231.49 269.31% project and increase in
prepaid material amount in
construction in progress
Other current Increase in maturity of
45,942,278.93 234,986,107.72 -80.45%
assets financial products
Increase in acceptance bills
Notes payable 307,093,945.97 227,266,485.57 35.13%
issued
Employees’
24,226,386.93 41,703,314.26 -41.91% Payment of reserved bonus
wage payable
Interest payable 4,205,484.18 2,055,911.11 104.56% Increase in undue interest
Provision of litigation
Other payables 74,030,233.89 47,425,682.44 56.10%
indemnity
Other current Loan financing of precious
98,425,600.00 0.00
liabilities metal
January-September January-September
Items Change Cause of change
2015 2014
Turnover 1,842,587,326.95 1,322,866,822.74 39.29% New orders
Operation cost 1,544,694,083.05 1,088,874,433.97 41.86% Increase in sales revenue
Business tax and
24,243,193.35 15,465,996.01 56.75% Increase in sales revenue
surcharge
Sales expense 58,059,078.68 28,767,603.81 101.82% Increase in advertising cost
Financial
39,341,301.37 15,700,216.25 150.58% Increase in average loan
expenses
Increase in the balance of
Asset impairment
33,045,931.86 10,104,141.91 227.05% accounts receivable and
loss
account age
8
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Gain/loss caused
Adjustment of fair value of
by changes in fair 58,798,815.22 2,279,889.00 2479.02%
investment real estate
value
Non-business Provision of litigation
15,672,186.75 2,546,716.34 515.39%
expenses indemnity
Change in earnings of
Income tax 15,919,999.63 7,021,212.14 126.74% companies with different tax
rates
2. Progress of key issues and its impacts and solutions
√ Applicable □ Inapplicable
1. Canceling 2014 Private A-Share Issuing: The 2014 Private A-share Issuing Plan was canceled at the
15th meeting of the 7th Board of Directors held on August 27, 2015. Application materials submitted to the
CSRC were withdrew by the Company on September 7, 2015. The Company received the CSRC
Administrative Application Termination Notice ([2015] No.136) issued by CSRC on September 30, 2015.
Details are disclosed as follows:
Key issue Date of disclosure Information source
th
Announcement of Proposal of the 15 China Securities Journal, Shanghai
th
Meeting of the 7 Board of Directors, Securities Daily, Securities Times,
August 29, 2015
Notice on Canceling 2014 Private HKCD (English) and
A-Share Issuing www.cninfo.com.cn
China Securities Journal, Shanghai
Notice on Receiving the CSRC
Securities Daily, Securities Times,
Administrative Application Termination October 8, 2015
HKCD (English) and
Notice
www.cninfo.com.cn
2. Update of the Fangda Town renovation: The renovation of Fangda Town is proceeding as scheduled.
Presales formalities are being applied for currently. The presales will begin by the end of this year.
3. Commitments of shareholders with over 5% of shares made in the report term or
carried over from previous terms
□ Applicable √ Inapplicable
The Company and shareholders with more than 5% stakes in the Company made no guarantee in the
report period or before report period but remaining effective in the report period.
4 Forecast of operating performance in 2015
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
9
China Fangda Group Co., Ltd. 2015 Third Quarter Report
5. Securities investment
√ Applicable □ Inapplicable
Number Number
of shares of shares
Closing
Initial held at Opening held at Closing
Securitie Abbreviat book Gain/los Accounti
Code investme beginnin sharehol end of sharehol Source
s ion value s (RMB) ng item
nt cost g of the ding the ding
(RMB)
period period
(share) (share)
Sino Oil Transacti
(HK) and Gas 16,263,67 100,000,0 100,000,0 13,953,77 542,980.0 onal Purchas
Stock 0.66% 0.56%
00702 Holdings 5.00 00 00 0.00 0 financial e
Ltd assets
16,263,67 100,000,0 100,000,0 13,953,77 542,980.0
Total -- -- -- --
5.00 00 00 0.00 0
Disclosure date of approval
by the Board of Directors of March 11, 2014
securities investment
Disclosure date of securities
investment approval by the
None
Shareholders’ Meeting (if
any)
6. Notes to shareholding in other listed companies
□ Applicable √ Inapplicable
The Company holds no stock of other list companies in the report period.
7. Derivative investment
√ Applicable □ Inapplicable
In RMB10,000
Proportio
n of
Derivativ closing Actual
Initial Impairm Closing
e Related investme gain/loss
Relation Initial Start investme ent investme
investme transacti Type End date nt in the
ship amount date nt provision nt
nt on amount report
amount (if any) amount
operator in the period
closing
net
10
China Fangda Group Co., Ltd. 2015 Third Quarter Report
assets in
the
report
period
Shangha Shangha
Septemb
i Futures i January
None No 8,512.72 er 28, 0 0 0 0.00% -249.35
Exchang aluminu 5, 2015
2015
e m
Total 8,512.72 -- -- 0 0 0 0.00% -249.35
Capital source Self-owned fund
Lawsuit (if any) Inapplicable
Disclosure date of derivative
investment approval by the Board of None
Directors
Disclosure date of derivative
investment approval by the None
shareholders’ meeting
Risk analysis and control measures for To prevent the risk of fluctuation of raw material prices, the Company adopted
the derivative holding in the report the aluminum futures exchanged at the domestic futures exchange to provide
period (including without limitation hedging for aluminum as a raw material for the Company. The Company has set
market, liquidity, credit, operaton and up and implemented the Provicial Regulations on China Fangda Group
legal risks) Domestic Futures Hedging to prevent risks.
Changes in the market price or fair
value of the derivative in the report
The fair value of the derivative should be calculated with the open quotation of
period, the analysis of the derivative’s
the futures market and should be reviewed regularly to ensure effective
fair value should disclose the method
hedging.
used and related assumptions and
parameters.
Material changes in the accounting
policies and rules related to the
No
derivative in the report period
compared to last period
Oppinions of independent directors on
the Company’s derivative investment None
and risk controlling
8. Reception of investigations, communications, or interviews in the reporting period
√ Applicable □ Inapplicable
Main content involved
Time/date Place Way Visitor Visitor
and materials provided
11
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Onsite Founder Business and future
July 24, 2015 Shenzhen Institution
investigation Securities development
12
China Fangda Group Co., Ltd. 2015 Third Quarter Report
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co., Ltd.
September 30, 2015
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 450,300,612.69 212,430,798.87
Settlement provision
Outgoing call loan
Financial assets measured at
fair value with variations accounted 13,953,770.00 13,410,790.00
into current income account
Derivative financial assets 0.00
Notes receivable 14,609,951.82 83,325,725.70
Account receivable 1,450,379,147.99 1,105,242,251.46
Prepayment 107,964,979.40 29,234,231.49
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other receivables 61,871,777.64 48,950,647.67
Repurchasing of financial
assets
Inventory 1,272,828,152.70 982,441,187.05
Assets held for sales
Non-current assets due in 1
year
Other current assets 45,942,278.93 234,986,107.72
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China Fangda Group Co., Ltd. 2015 Third Quarter Report
Total current assets 3,417,850,671.17 2,710,021,739.96
Non-current assets:
Loan and advancement
provided
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity
10,061,818.36 11,048,660.43
investment
Investment real estate 287,015,353.09 226,279,523.39
Fixed assets 488,265,517.18 489,714,684.63
Construction in process 2,455,845.61 341,749.17
Engineering materials
Disposal of fixed assets 5,397.79 26,918.21
Productive biological assets 0.00
Gas & petrol 0.00
Intangible assets 96,291,896.66 98,947,331.09
R&D expense 0.00
Goodwill 26,279,395.89 26,279,395.89
Long-term amortizable
4,558,987.41 4,119,362.63
expenses
Deferred income tax assets 68,528,076.13 52,616,656.38
Other non-current assets 50,957,379.48 43,323,878.63
Total of non-current assets 1,034,419,667.60 952,698,160.45
Total of assets 4,452,270,338.77 3,662,719,900.41
Current liabilities
Short-term loans 1,344,717,148.45 1,100,000,000.00
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 0.00
Notes payable 307,093,945.97 227,266,485.57
14
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Account payable 832,984,233.20 685,108,346.73
Prepayment received 96,725,675.40 122,285,231.14
Selling of repurchased financial
assets
Fees and commissions payable
Employees’ wage payable 24,226,386.93 41,703,314.26
Taxes payable 65,205,967.95 58,696,926.25
Interest payable 4,205,484.18 2,055,911.11
Dividend payable
Other payables 74,030,233.89 47,425,682.44
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liabilities due in 1
6,000,000.00 6,000,000.00
year
Other current liabilities 98,425,600.00
Total current liabilities 2,853,614,675.97 2,290,541,897.50
Non-current liabilities:
Long-term loans 185,765,450.98
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable 0.00 6,000,000.00
Long-term employees’ wage
payable
Special payables
Anticipated liabilities 374,384.78 5,859,045.98
Deferred earning 9,886,990.43 10,049,892.04
Deferred income tax liabilities 64,535,842.02 49,734,436.90
Other non-current liabilities 0.00
Total of non-current liabilities 260,562,668.21 71,643,374.92
Total liabilities 3,114,177,344.18 2,362,185,272.42
Owner’s equity:
15
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Share capital 756,909,905.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 79,099,220.38 79,099,220.38
Less: Shares in stock
67. Other miscellaneous
91,831.63 91,831.63
income
Special reserves
Surplus reserves 48,842,080.76 48,842,080.76
Common risk provisions
Retained profit 398,836,118.30 349,987,825.69
Total of owner’s equity belong to the
1,283,779,156.07 1,234,930,863.46
parent company
Minor shareholders’ equity 54,313,838.52 65,603,764.53
Total of owners’ equity 1,338,092,994.59 1,300,534,627.99
Total of liabilities and owner’s
4,452,270,338.77 3,662,719,900.41
interest
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
2. Balance Sheet of the Parent Company
In RMB
Items Closing balance Ending balance
Current asset:
Monetary capital 112,930,106.34 22,256,065.49
Financial assets measured at
fair value with variations accounted
into current income account
Derivative financial assets
Notes receivable
Account receivable 511,660.60 511,660.60
Prepayment 0.00 50,903.86
Interest receivable
Dividend receivable 15,972,427.17 28,639,627.17
Other receivables 468,393,392.15 254,604,163.79
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China Fangda Group Co., Ltd. 2015 Third Quarter Report
Inventory
Assets held for sales
Non-current assets due in 1
year
Other current assets 1,115,215.15 31,005,620.01
Total current assets 598,922,801.41 337,068,040.92
Non-current assets:
Sellable financial assets
Investment held until mature
Long-term receivable
Long-term share equity
977,133,886.56 1,130,674,559.01
investment
Investment real estate 256,769,421.37 198,513,586.15
Fixed assets 58,314,723.16 60,145,112.89
Construction in process
Engineering materials
Disposal of fixed assets
Productive biological assets
Gas & petrol
Intangible assets 2,018,506.71 2,256,575.64
R&D expense
Goodwill
Long-term amortizable
343,160.40 81,367.47
expenses
Deferred income tax assets 23,963,650.21 22,623,560.72
Other non-current assets 220,000,000.00 220,000,000.00
Total of non-current assets 1,538,543,348.41 1,634,294,761.88
Total of assets 2,137,466,149.82 1,971,362,802.80
Current liabilities
Short-term loans 400,000,000.00 350,000,000.00
Financial liabilities measured at
fair value with variations accounted
into current income account
Derivative financial liabilities
Notes payable
17
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Account payable 606,941.85 606,941.85
Prepayment received 694,620.60 832,772.45
Employees’ wage payable 880,743.93 1,956,875.76
Taxes payable 525,049.98 567,424.56
Interest payable 601,388.88 659,266.67
Dividend payable
Other payables 258,209,698.60 270,281,330.40
Liabilities held for sales
Non-current liabilities due in 1
year
Other current liabilities 98,425,600.00
Total current liabilities 759,944,043.84 624,904,611.69
Non-current liabilities:
Long-term loans
Bond payable
Including: preferred stock
Perpetual bond
Long-term payable
Long-term employees’ wage
payable
Special payables
Anticipated liabilities
Deferred earning
Deferred income tax liabilities 112,494,452.31 97,693,047.19
Other non-current liabilities
Total of non-current liabilities 112,494,452.31 97,693,047.19
Total liabilities 872,438,496.15 722,597,658.88
Owner’s equity:
Share capital 756,909,905.00 756,909,905.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 38,598,565.00 38,598,565.00
Less: Shares in stock
67. Other miscellaneous 91,831.63 91,831.63
18
China Fangda Group Co., Ltd. 2015 Third Quarter Report
income
Special reserves
Surplus reserves 48,842,080.76 48,842,080.76
Retained profit 420,585,271.28 404,322,761.53
Total of owners’ equity 1,265,027,653.67 1,248,765,143.92
Total of liabilities and owner’s
2,137,466,149.82 1,971,362,802.80
interest
3. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 692,471,803.42 500,074,083.72
Incl. Business income 692,471,803.42 500,074,083.72
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 702,340,264.75 486,029,695.50
Incl. Business cost 604,206,824.70 420,426,989.66
Interest expense
Fee and commission paid
Insurance discharge
payment
Net claim amount paid
Net insurance policy
reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Business tax and
6,705,953.13 4,107,536.30
surcharge
Sales expense 17,049,941.22 10,522,482.95
Administrative expense 41,972,129.03 41,082,991.15
Financial expenses 13,731,566.70 4,652,738.11
Asset impairment loss 18,673,849.97 5,236,957.33
19
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Plus: gains from change of fair
23,353,053.91 2,279,889.00
value (“-“ for loss)
Investment gains (“-“ for
-29,732.90 944,870.82
loss)
Incl. Investment gains from
-43,837.01 -55,752.10
affiliates and joint ventures
Exchange gains (“-“ for loss)
3. Operational profit (“-“ for loss) 13,454,859.68 17,269,148.04
Plus: non-operational income 2,430,547.71 2,637,678.88
Incl. Loss from disposal of
15,380.85
non-current assets
Less: non-operational
29,054.96 484,813.06
expenditure
Incl. Loss from disposal of
22,418.03 2,602.43
non-current assets
4. Gross profit (“-“ for loss) 15,856,352.43 19,422,013.86
Less: Income tax expenses -248,196.41 2,658,308.60
5. Net profit (“-“ for net loss) 16,104,548.84 16,763,705.26
Net profit attributable to the
20,237,940.89 18,530,437.37
owners of parent company
Minor shareholders’ equity -4,133,392.05 -1,766,732.11
6. After-tax net amount of other misc.
1,229,057.50 -35,700.00
incomes
After-tax net amount of other misc.
1,229,057.50 -35,700.00
incomes attributed to parent's owner
(1) Other misc. incomes that
cannot be re-classified into gain and
loss
1. Change in net liabilities
or assets due to re-measurement set
benefit program
2. Shares enjoyed in other
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law
(2) Other misc. incomes that will
1,229,057.50 -35,700.00
be re-classified into gain and loss
1. Shares enjoyed in other
20
China Fangda Group Co., Ltd. 2015 Third Quarter Report
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law
2．Change in the fair value
of financial asset for sale
3 Held-to-mature
investment reclassified as gain and
loss in the financial assets for sales
4. Effective part in the gain
1,229,057.50 -35,700.00
and loss of arbitrage of cash flow
5. Translation difference of
foreign exchange statement
6. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 17,333,606.34 16,728,005.26
Total of misc. incomes
attributable to the owners of the 21,466,998.39 18,494,737.37
parent company
Total misc gains attributable to
-4,133,392.05 -1,766,732.11
the minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.027 0.024
(2) Diluted earnings per share 0.027 0.024
Net profit contributed by entities merged under common control in the report period was RMB , net profit realized
by parties merged during the previous period is RMB .
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Chen Yonggang
4. Consolidated Income Statement of the Report Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Turnover 7,295,422.90 7,642,085.27
Less: Operation cost 1,283,898.45 1,677,315.63
Business tax and
575,670.62 616,462.21
surcharge
Sales expense
Administrative expense 6,942,135.20 5,705,314.37
21
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Financial expenses 3,141,232.06 2,882,171.63
Asset impairment loss -1,237,554.45 9,157.18
Plus: gains from change of fair
25,486,927.91
value (“-“ for loss)
Investment gains (“-“ for
-33,237.01 29,617.76
loss)
Incl. Investment gains from
-43,837.01 -55,752.10
affiliates and joint ventures
2. Operational profit (“-“ for loss) 22,043,731.92 -3,218,717.99
Plus: non-operational income 722,641.52 470,029.19
Incl. Loss from disposal of
3,600.98
non-current assets
Less: non-operational
989.33 199,914.53
expenditure
Incl. Loss from disposal of
989.33
non-current assets
3. Gross profit (“-“ for loss) 22,765,384.11 -2,948,603.33
Less: Income tax expenses 5,831,632.85 -418,160.91
4. Net profit (“-“ for net loss) 16,933,751.26 -2,530,442.42
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
22
China Fangda Group Co., Ltd. 2015 Third Quarter Report
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 16,933,751.26 -2,530,442.42
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
5. Consolidated Income Statement Between the Beginning of the Year and End of the Report
Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Total revenue 1,842,587,326.95 1,322,866,822.74
Incl. Business income 1,842,587,326.95 1,322,866,822.74
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 1,816,903,028.98 1,267,180,886.26
Incl. Business cost 1,544,694,083.05 1,088,874,433.97
Interest expense
Fee and commission paid
Insurance discharge
payment
Net claim amount paid
Net insurance policy
reserves provided
Insurance policy dividend
paid
23
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Reinsurance expenses
Business tax and
24,243,193.35 15,465,996.01
surcharge
Sales expense 58,059,078.68 28,767,603.81
Administrative expense 117,519,440.67 108,268,494.31
Financial expenses 39,341,301.37 15,700,216.25
Asset impairment loss 33,045,931.86 10,104,141.91
Plus: gains from change of fair
58,798,815.22 2,279,889.00
value (“-“ for loss)
Investment gains (“-“ for
1,518,264.78 1,913,989.32
loss)
Incl. Investment gains from
1,213,157.93 -97,559.67
affiliates and joint ventures
Exchange gains (“-“ for loss)
3. Operational profit (“-“ for loss) 86,001,377.97 59,879,814.80
Plus: non-operational income 5,856,472.16 5,679,197.28
Incl. Loss from disposal of
50,854.12 233,476.25
non-current assets
Less: non-operational
15,672,186.75 2,546,716.34
expenditure
Incl. Loss from disposal of
527,223.08 1,572,509.10
non-current assets
4. Gross profit (“-“ for loss) 76,185,663.38 63,012,295.74
Less: Income tax expenses 15,919,999.63 7,021,212.14
5. Net profit (“-“ for net loss) 60,265,663.75 55,991,083.60
Net profit attributable to the
71,555,589.76 59,300,395.61
owners of parent company
Minor shareholders’ equity -11,289,926.01 -3,309,312.01
6. After-tax net amount of other misc.
incomes
After-tax net amount of other misc.
incomes attributed to parent's owner
(1) Other misc. incomes that
cannot be re-classified into gain and
loss
1. Change in net liabilities
or assets due to re-measurement set
24
China Fangda Group Co., Ltd. 2015 Third Quarter Report
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
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 60,265,663.75 55,991,083.60
Total of misc. incomes
attributable to the owners of the 71,555,589.76 59,300,395.61
parent company
Total misc gains attributable to
-11,289,926.01 -3,309,312.01
the minor shareholders
8. Earnings per share:
(1) Basic earnings per share 0.095 0.078
(2) Diluted earnings per share 0.095 0.078
Net profit contributed by entities merged under common control in the report period was RMB , net profit realized
by parties merged during the previous period is RMB .
6. Income Statement of the Parent Between the Beginning of the Year and End of the Report
Period
In RMB
25
China Fangda Group Co., Ltd. 2015 Third Quarter Report
Items Amount occurred in the current period Occurred in previous period
1. Turnover 22,672,732.63 21,974,339.52
Less: Operation cost 2,954,114.33 3,806,918.59
Business tax and
1,803,497.27 1,795,575.87
surcharge
Sales expense
Administrative expense 18,219,065.91 17,022,158.29
Financial expenses 8,262,038.92 8,247,166.15
Asset impairment loss 8,851.54 -44,002.40
Plus: gains from change of fair
58,255,835.22
value (“-“ for loss)
Investment gains (“-“ for
1,279,719.57 -12,189.81
loss)
Incl. Investment gains from
1,213,157.93 -97,559.67
affiliates and joint ventures
2. Operational profit (“-“ for loss) 50,960,719.45 -8,865,666.79
Plus: non-operational income 1,474,496.81 1,796,297.93
Incl. Loss from disposal of
3,581.20 22,719.41
non-current assets
Less: non-operational
4,093.73 526,936.87
expenditure
Incl. Loss from disposal of
2,921.41 125,522.34
non-current assets
3. Gross profit (“-“ for loss) 52,431,122.53 -7,596,305.73
Less: Income tax expenses 13,461,315.63 -1,518,922.58
4. Net profit (“-“ for net loss) 38,969,806.90 -6,077,383.15
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
26
China Fangda Group Co., Ltd. 2015 Third Quarter Report
(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 38,969,806.90 -6,077,383.15
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report
Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
1,476,173,288.50 1,168,322,724.05
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
27
China Fangda Group Co., Ltd. 2015 Third Quarter Report
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 2,191,881.76 889,173.36
Other cash received from
68,990,592.93 70,054,311.35
business operation
Sub-total of cash inflow from
1,547,355,763.19 1,239,266,208.76
business operations
Cash paid for purchasing
1,496,112,218.86 1,297,947,089.10
products and services
Net increase of client trade and
advance
Net increase of savings in
central bank and brother company
Cash paid for original contract
claim
Cash paid for interest,
processing fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 212,820,541.03 160,019,118.12
Taxes paid 77,538,406.71 64,990,093.66
Other cash paid for business
124,871,059.55 74,918,865.75
activities
Sub-total of cash outflow from
1,911,342,226.15 1,597,875,166.63
business operations
Cash flow generated by business -363,986,462.96 -358,608,957.87
28
China Fangda Group Co., Ltd. 2015 Third Quarter Report
operations, net
2. Cash flow generated by
investment:
Cash received from investment
349,500,000.00 100,000,000.00
recovery
Cash received as investment
2,505,106.85 2,015,277.59
profit
Net cash retrieved from
disposal of fixed assets, intangible 134,190.00 4,579,733.50
assets, and other long-term assets
Net cash received from disposal
of subsidiaries or other operational
units
Other investment-related cash
133,500.00
received
Sub-total of cash inflow generated
352,139,296.85 106,728,511.09
from investment
Cash paid for construction of
fixed assets, intangible assets and 41,971,808.53 28,385,573.09
other long-term assets
Cash paid as investment 171,700,000.00 116,340,675.00
Net increase of loan against
pledge
Net cash paid for acquiring
subsidiaries and other operational -9,844,140.31
units
Other cash paid for investment 306,400.00 270,500.00
Subtotal of cash outflows 213,978,208.53 135,152,607.78
Cash flow generated by investment
138,161,088.32 -28,424,096.69
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
1,371,417,018.19 944,000,000.00
loans
Cash received from bond
29
China Fangda Group Co., Ltd. 2015 Third Quarter Report
placing
Other cash received from
financing activities
Subtotal of cash inflow from
1,371,417,018.19 944,000,000.00
financing activities
Cash paid to repay debts 843,132,851.55 283,000,000.00
Cash paid as dividend, profit, or
84,496,924.61 52,661,058.83
interests
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
53,939,000.00 156,090.75
activities
Subtotal of cash outflow from
981,568,776.16 335,817,149.58
financing activities
Net cash flow generated by
389,848,242.03 608,182,850.42
financing activities
4. Influence of exchange rate
changes on cash and cash -24,807.16 664,894.09
equivalents
5. Net increase in cash and cash
163,998,060.23 221,814,689.95
equivalents
Plus: Balance of cash and cash
102,638,232.19 285,237,255.38
equivalents at the beginning of term
6. Balance of cash and cash
266,636,292.42 507,051,945.33
equivalents at the end of the period
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report
Period
In RMB
Items Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
16,554,613.66 18,385,573.41
products and providing of services
Tax refunded
Other cash received from
1,075,111,750.73 1,132,208,446.25
business operation
Sub-total of cash inflow from 1,091,666,364.39 1,150,594,019.66
30
China Fangda Group Co., Ltd. 2015 Third Quarter Report
business operations
Cash paid for purchasing
43,918,453.72 4,594,088.02
products and services
Cash paid to and for the staff 11,510,697.67 11,592,919.43
Taxes paid 2,111,259.38 2,107,786.71
Other cash paid for business
1,104,733,516.84 1,128,883,942.80
activities
Sub-total of cash outflow from
1,162,273,927.61 1,147,178,736.96
business operations
Cash flow generated by business
-70,607,563.22 3,415,282.70
operations, net
2. Cash flow generated by
investment:
Cash received from investment
30,000,000.00 20,000,000.00
recovery
Cash received as investment
25,034,495.04 39,441,369.86
profit
Net cash retrieved from
disposal of fixed assets, intangible 4,190.00 171,007,300.50
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
55,038,685.04 230,448,670.36
from investment
Cash paid for construction of
fixed assets, intangible assets and 761,887.01 1,269,764.57
other long-term assets
Cash paid as investment 245,061,653.00
Net cash paid for acquiring
subsidiaries and other operational
units
Other cash paid for investment
Subtotal of cash outflows 761,887.01 246,331,417.57
Cash flow generated by investment
54,276,798.03 -15,882,747.21
activities, net
31
China Fangda Group Co., Ltd. 2015 Third Quarter Report
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
447,801,567.21 396,000,000.00
loans
Cash received from bond
placing
Other cash received from
financing activities
Subtotal of cash inflow from
447,801,567.21 396,000,000.00
financing activities
Cash paid to repay debts 300,000,000.00 200,000,000.00
Cash paid as dividend, profit, or
40,796,763.77 31,127,433.82
interests
Other cash paid for financing
156,090.75
activities
Subtotal of cash outflow from
340,796,763.77 231,283,524.57
financing activities
Net cash flow generated by
107,004,803.44 164,716,475.43
financing activities
4. Influence of exchange rate
changes on cash and cash
equivalents
5. Net increase in cash and cash
90,674,038.25 152,249,010.92
equivalents
Plus: Balance of cash and cash
22,006,065.49 67,973,808.76
equivalents at the beginning of term
6. Balance of cash and cash
112,680,103.74 220,222,819.68
equivalents at the end of the period
2. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
China Fangda Group Co., Ltd.
Legal representative: Xiong Jianming
October 24, 2015
32
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