2014 Interim Report of China Fangda Group Co., Ltd
China Fangda Group Co., Ltd.
2014 Interim Report
August 2014
2014 Interim Report of China Fangda Group Co., Ltd
I Important Statement, Table of Contents and Definitions
The members of the Board and the Company guarantee that the interim
report is free from any false information, misleading statement or material
omission and are jointly and severally liable for the informations truthfulness,
accuracy and integrity.
Directors other than the following ones have attended the Board meeting to
review the interim report.
Name of absent director Position of absent director Reason Name of proxy
Lin Bin Independent director Business engagement Huang Yaying
The Company will distribute no cash dividends or bonus shares and has no
reserve capitalization plan.
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.
Forward-looking statements involved in this report including future plans
do not make any material promise to investors. Investors should pay attention to
investment risks.
2014 Interim Report of China Fangda Group Co., Ltd
Table of Contents
I Important Statement, Table of Contents and Definitions .......................................................................................................................2
II Company Profile ..................................................................................................................................................................................6
III Financial Highlight .............................................................................................................................................................................8
IV Board of Directors’ Report ............................................................................................................................................................... 11
V Significant Events ..............................................................................................................................................................................24
VI Changes in Share Capital and Shareholders .....................................................................................................................................28
VII Particulars about the Directors, Supervisors, and Senior Management ...........................................................................................32
VIII Financial Statements ......................................................................................................................................................................34
IX Documents for Reference ...............................................................................................................................................................134
2014 Interim Report of China Fangda Group Co., Ltd
Definitions
Define
Terms Description
d as
Define
Fangda Group, company, the Company China Fangda Group Co., Ltd.
d as
Define
Articles of Association Articles of Association of China Fangda Group Co., Ltd.
d as
Define
Meeting of shareholders Meetings of shareholders of China Fangda Group Co., Ltd.
d as
Define
Board of Directors Board of Directors of China Fangda Group Co., Ltd.
d as
Define
Supervisory Committee Supervisory Committee of China Fangda Group Co., Ltd.
d as
Define
Banglin Co. Shenzhen Banglin Technologies Development Co., Ltd.
d as
Define
Shilihe Co. Shenzhen Shilihe Investment Co., Ltd.
d as
Define
Shengjiu Co. Shengjiu Investment Ltd.
d as
Define
Fangda Jianke Shenzhen Fangda Jianke Group Co., Ltd.
d as
Define
Fangda Automatic Shenzhen Fangda Automatic System Co., Ltd.
d as
Define
Fangda New Material Fangda New Materials (Jiangxi) Co., Ltd.
d as
Define
Shenyang Fangda Shenyang Fangda Semi-conductor Lighting Co., Ltd.
d as
Define
Fangda Guoke Shenzhen Fangda Guoke Optical & Electronics Co., Ltd.
d as
Define
Shenzhen Woke Shenzhen Woke Semi-conductor Lighting Co., Ltd.
d as
Define
Hong Kong Junjia Hong Kong Junjia Group Co., Ltd.
d as
Fangda Aluminium Define Jiangxi Fangda New Type Aluminum Co., Ltd.
2014 Interim Report of China Fangda Group Co., Ltd
d as
Define
Fangda Yide Co. Shenzhen Fangda Yide New Material Co., Ltd.
d as
Define
Fangda Dongguan New Material Dongguan Fangda New Material Co., Ltd.
d as
Define
Kexunda Co. Shenzhen Kexunda Software Co., Ltd.
d as
Define
Fangda Property Shenzhen Fangda Property Development Co., Ltd.
d as
Define
Fangda Chengdu New Material Chengdu Fangda New Material Co., Ltd.
d as
Define
Shenyang Decoration Fangda Decoration Engineering (Shenyang) Co., Ltd.
d as
Fangda New Energy Shenzhen Fangda New Energy Co., Ltd.
Fang SOZN Guangdong Fangda SOZN Lighting Co., Ltd.
Define
CSRC China Securities Regulatory Commission
d as
Define
SZSE Shenzhen Stock Exchange
d as
Define
Sponsor, Zhongshan Securities Zhongshan Securities Co., Ltd.
d as
2014 Interim Report of China Fangda Group Co., Ltd
II Company Profile
1. Company Profile
Stock ID Fangda Group, Fangda B Stock code 000055, 200055
Modified stock ID (if any) None
Stock Exchange Shenzhen Stock Exchange
Chinese name China Fangda Group Co., Ltd.
Chinese abbreviation (if any) Fangda Group
English name (if any) CHINA FANGDA GROUP CO., LTD.
English abbreviation (if any) CFGC
Legal representative Xiong Jianming
2. Contacts and liaisons
Secretary of the Board Representative of Stock Affairs
Name Zhou Zhigang Guo Linchen
20F, Fangda Building, Kejinan 12th 20F, Fangda Building, Kejinan 12th
Address Avenue, High-tech Zone, Shenzhen, PR Avenue, High-tech Zone, Shenzhen, PR
China. China.
Tel. 86(755) 26788571 ext. 6622 86(755) 26788571 ext. 6622
Fax 86(755)26788353 86(755)26788353
Email zqb@fangda.com zqb@fangda.com
3. Other Information
1. Liaison
Changes to the Company’s registered address, office address, post code, website or email during the report period
√ Applicable □ Inapplicable
Registered address Fangda Building, Kejinan 12th Avenue, High-tech Zone, Shenzhen, PR China.
Post code
20F, Fangda Building, Kejinan 12th Avenue, High-tech Zone, Shenzhen, PR
Office address
China.
Post code
Website http://www.fangda.com
2014 Interim Report of China Fangda Group Co., Ltd
Email fd@fangda.com
Enquiry date on specific websites for provisional
January 13, 2014
announcement disclosure (if any)
Website where specific websites for provisional
http://www.cninfo.com.cn
announcement disclosure are listed (if any)
2. Information disclosure and inquiring
Changes to the information disclosure and inquiring place
□ Applicable √ Inapplicable
Please refer to the 2013 annual report for the newspapers and websites where the Company’s information is
disclosed. The inquiry address of the interim report has remained unchanged during the report period.
3. Registration changes
Whether the registration has changed during the report period
□ Applicable √ Inapplicable
Please refer to 2013 annual report for the Company’s registration date and address, business license No., tax
registration No. and organization registration code, which have remained unchanged during the report period.
2014 Interim Report of China Fangda Group Co., Ltd
III Financial Highlight
1. Financial Highlight
The Company retroactively adjusts or restate financial statistics of the previous years because of changes in
account policies and correction of accounting errors.
□ Yes √ No
This report period Same period last year Year-on-year change (%)
Turnover (yuan) 822,792,739.02 736,828,039.88 11.67%
Net profit attributable to shareholders of
40,769,958.24 39,361,593.42 3.58%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting 39,669,548.38 37,591,750.20 5.53%
of non-recurring gain/loss (RMB)
Net cash flow generated by business
-268,552,729.61 1,089,862.59 -
operation (RMB)
Basic earnings per share (yuan/share) 0.05 0.05 0.00%
Diluted Earnings per share (yuan/share) 0.05 0.05 0.00%
Weighted average net income/asset ratio 3.49% 3.54% -0.05%
End of the report period End of last year Year-on-year change
Total asset (RMB) 3,125,590,102.60 2,599,557,542.57 20.24%
Net profit attributable to the shareholders
1,178,738,091.94 1,160,639,730.85 1.56%
of the listed company (RMB)
2. Differences in accounting data under domestic and foreign accounting standards
1. Differences in net profits and assets in financial statements disclosed according to the international and
Chinese account standards
√ Applicable □ Inapplicable
In RMB
Net profit attributable to the shareholders of the Net profit attributable to the shareholders of the
listed company listed company
This period Last period Closing amount Opening amount
On Chinese accounting
40,769,958.24 39,361,593.42 1,178,738,091.94 1,160,639,730.85
standards
Items and amounts adjusted according International Accounting Standards
2014 Interim Report of China Fangda Group Co., Ltd
Capitalization of borrowing
0.00 0.00 4,763,398.24 4,763,398.24
expenses
On international accounting
40,769,958.24 39,361,593.42 1,183,501,490.18 1,165,403,129.09
standards
2. There is no difference in net profits and assets in financial statements disclosed according to the
international and Chinese account standards during the report period.
3. Explanation of the differences in accounting data under domestic and foreign accounting standards
√ Applicable □ Inapplicable
Net assets attributable to the listed company’s shareholders calculated according to the IAS is RMB4,763,398.24
higher than that calculated according to the domestic accounting standards, mainly attributable to the
capitalization of borrow expenses before the domestic Enterprise Accounting Standard was implemented on
January 1, 2007.
3. Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Items Amount Notes
Non-current asset disposal gain/loss (including the write-off part
-1,351,811.27
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 158,595.54
and based on unified national standard quota)
Other non-business income and expenditures other than the above 1,646,215.46
Other gain/loss items satisfying the definition of non-recurring Gains from reverse repurchase of
1,010,926.07
gain/loss account treasury bonds
Less: Influenced amount of income tax 363,515.94
Total 1,100,409.86 --
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
Items Amount Reason
Gains from reverse repurchase
1,010,926.07 Gains from reverse repurchase of treasury bonds
of treasury bonds
Tax refunded related to It is related to the Company’s business. The amount is refunded to the
526,615.39
software products Company according to the tax rate provided by the taxation
2014 Interim Report of China Fangda Group Co., Ltd
administration.
2014 Interim Report of China Fangda Group Co., Ltd
IV Board of Directors Report
1. Summary
The Chinese economy remained mixed and largely uncertain in H1 2014. The market remained weak and
fragile. To survive the weak economy and increasingly fierce competition, the Company has continued improving
the brand equity, expertise and services, stabilizing the growth. In the report period, the Company recorded a sales
income of RMB822,792,700, up 11.67% year on year. The net profit attributed to owners of the parent reached
RMB40,770,000, up 3.58% year on year. The revenue from main businesses continued growing. By the end of the
report period, the Company had secured new orders worth RMB1.371 billion with undelivered orders worth
RMB2.171 billion, which 263.86% of the operating revenue in H1 2014, paving the way for the Company to
complete the whole year’s sales target.
1. Curtain wall system and material indus
