China Fangda Group Co., Ltd. 2014 Annual Report
China Fangda Group Co., Ltd.
2014 Annual Report
March 2015
China Fangda Group Co., Ltd. 2014 Annual Report
I. Important Statement, Table of Contents and Definitions
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 informations
truthfulness, accuracy and integrity.
All the Directors have attended the meeting of the board meeting at which
this report was examined.
The Board meeting reviewed and approved the profit distribution preplan:
distributing cash dividend of RMB0.3 for each ten shares to all shareholders on
the basis of all shares of the Company on December 31, 2014 and no dividend
share is issued to shareholders. No reserve is capitalized.
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.
China Fangda Group Co., Ltd. 2014 Annual Report
Table of Contents
I. Important Statement, Table of Contents and Definitions .................................... 2
II. Company Profile ..................................................................................................... 7
III Financial Highlight .............................................................................................. 10
IV Board of Directors Report.................................................................................. 13
V Significant Events .................................................................................................. 37
VI Changes in Share Capital and Shareholders ..................................................... 42
VII Particulars about the Directors, Supervisors, Senior Management and
Employees ................................................................................................................... 48
VIII Corporation Governance ................................................................................. 56
IX Internal Control ................................................................................................... 61
X Financial Statements ............................................................................................. 63
XI Documents for Reference .................................................................................. 171
China Fangda Group Co., Ltd. 2014 Annual Report
Definitions
Refers
Terms Description
to
Refers
Fangda Group, company, the Company China Fangda Group Co., Ltd.
to
Refers
Articles of Association Articles of Association of China Fangda Group Co., Ltd.
to
Refers
Meeting of shareholders Meetings of shareholders of China Fangda Group Co., Ltd.
to
Refers
Board of Directors Board of Directors of China Fangda Group Co., Ltd.
to
Refers
Supervisory Committee Supervisory Committee of China Fangda Group Co., Ltd.
to
Refers
Banglin Co. Shenzhen Banglin Technologies Development Co., Ltd.
to
Refers
Shilihe Co. Shenzhen Shilihe Investment Co., Ltd.
to
Refers
Shengjiu Co. Shengjiu Investment Ltd.
to
Refers Formerly Shenzhen Fangda Decoration Engineering Co., Ltd., now
Fangda Jianke, Fangda Decoration
to known as Shenzhen Fangda Jianke Group Co., Ltd.
Refers
Fangda Automatic Shenzhen Fangda Automation System Co., Ltd.
to
Refers
Fangda New Material Fangda New Materials (Jiangxi) Co., Ltd.
to
Refers
Fangda New Resource Shenzhen Fangda New Energy Co., Ltd.
to
Refers
Fang SOZN Guangdong Fangda SOZN Lighting Co., Ltd.
to
Refers
Shenyang Fangda Shenyang Fangda Semi-conductor Lighting Co., Ltd.
to
Refers
Shenzhen Woke Shenzhen Woke Semi-conductor Lighting Co., Ltd.
to
Hong Kong Junjia Refers Hong Kong Junjia Group Co., Ltd.
China Fangda Group Co., Ltd. 2014 Annual Report
to
Refers
Fangda Aluminium Jiangxi Fangda New Type Aluminum Co., Ltd.
to
Refers
Fangda Yide Co. Shenzhen Fangda Yide New Material Co., Ltd.
to
Refers
Dongguan Fangda New Material Dongguan Fangda New Material Co., Ltd.
to
Refers
Kexunda Co. Shenzhen Kexunda Software Co., Ltd.
to
Refers
Fangda Property Shenzhen Fangda Property Development Co., Ltd.
to
Refers Formerly Chengdu Fangda New Material Co., Ltd., now known as
Chengdu Fangda New Material
to Chengdu Fangda Construction Technology Co., Ltd.
Refers
Shenyang Decoration Fangda Decoration Engineering (Shenyang) Co., Ltd.
to
Refers
CSRC China Securities Regulatory Commission
to
Refers
SZSE Shenzhen Stock Exchange
to
Refers
Sponsor, Zhongshan Securities Zhongshan Securities Co., Ltd.
to
China Fangda Group Co., Ltd. 2014 Annual Report
Major Risk Statement
The Company has specified market, management and production and
operation risks in this report. Please review the potential risks and measures
mentioned in the discussion and analysis of future development in IV. Board of
Directors Report.
China Fangda Group Co., Ltd. 2014 Annual Report
II. Company Profile
1. Company profiles
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 Fangda Group
English name (if any) CHINA FANGDA GROUP CO., LTD.
English abbreviation (if any) CFGC
Legal representative Xiong Jianming
Registered address Fangda Building, Kejinan 12th Avenue, High-tech Zone, Shenzhen, PR China.
Zip code
Office address 20F, Fangda Building, Kejinan 12th Avenue, High-tech Zone, Shenzhen, PR China.
Zip code
Website http://www.fangda.com
Email fd@fangda.com
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, Hi-Tech Zone, Shenzhen Avenue, Hi-Tech Zone, Shenzhen
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. Information disclosure and inquiring
Information disclosure and inquiring Press medias China Securities Journal, Security Times, Shanghai Securities Daily, Hong
of information disclosure Kong Commercial Daily
Website assigned by CSRC to release the online
http://www.cninfo.com.cn
reports
China Fangda Group Co., Ltd. 2014 Annual Report
Place for information inquiry Secretarial Office of the Board
4. Registration changes
Business license Tax registration
Registration date Registration place Organization code
number number
Shenzhen Bureau of
Industry &
First registration December 13, 1995 440301501124785 440301192448589 19244858-9
Commerce
Administration
Market Supervision
Registration at the
Administration of
end of the reporting June 20, 2013 440301501124785 440301192448589 19244858-9
Shenzhen
period
Municipality
Changes in main businesses since the
None
listing of the Company
In 1996, the Company listed it’s A and B shares and the controlling shareholder is
Shenzhen Fangda Group Co., Ltd. On August 25, 2000, the controlling shareholder
Changes in the controlling shareholders (if changed its name into Shenzhen Fangda Economic Development Co., Ltd. On July 5,
any) 2002, the controlling shareholder changed into Shenzhen Banglin Technologies
Development Co., Ltd. By the end of this reporting period, the controlling
shareholder remains the Shenzhen Banglin Technologies Development Co., Ltd..
5. Other information
Public accountants employed by the Company
Public accountants Grant Thornton (special general partner)
Address 5th Floor, Scitech Place, 22 Jianguomen Wai Avenue, Chaoyang District, Beijing, China
Signing accountant names Lin Kaiqin and Li Chunmei
Sponsor engaged by the Company to perform continued supervision and guide during the reporting period
√ Applicable □ Inapplicable
Sponsor name Office address Representatives Period of supervision and guide
The period started on July 15, 2010 and
ended on November 7, 2012. The
sponsor has submitted the sponsor report
29th Floor, New World Center,
to CSRC. Given that the fund raised
Zhongshan Securities Co., Ltd. 6009 Yitian Road, Futian He Lihui, Cui Lei
from non-public issue of the Company in
District, Shenzhen
2010 has not been fully used, the sponsor
will continue to perform supervision and
guide for the use of the fund.
Financial advisor engaged by the Company to perform continued supervision and guide during the reporting period
China Fangda Group Co., Ltd. 2014 Annual Report
□ Applicable √ Inapplicable
China Fangda Group Co., Ltd. 2014 Annual Report
III Financial Highlight
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
2014 2013 Increase/decrease
Turnover (yuan) 1,938,324,435.51 1,747,620,845.74 10.91% 1,397,901,424.59
Net profit attributable to
shareholders of the listed company 96,998,429.76 85,676,863.78 13.21% 24,948,377.20
(yuan)
Net profit attributable to the
shareholders of the listed company
69,068,577.10 68,393,391.56 0.99% 7,361,274.38
and after deducting of
non-recurring gain/loss (RMB)
Net cash flow generated by
-557,893,929.44 156,544,620.31 -456.38% 59,262,071.37
business operation (RMB)
Basic earnings per share
0.13 0.11 18.18% 0.03
(yuan/share)
Diluted Earnings per share
0.13 0.11 18.18% 0.03
(yuan/share)
Weighted average net income/asset
8.14% 7.61% 0.53% 2.30%
ratio
End of 2014 End of 2013 Increase/decrease End of 2012
Total asset (RMB) 3,662,719,900.41 2,599,557,542.57 40.90% 2,327,802,889.51
Net profit attributable to the
shareholders of the listed company 1,234,930,863.46 1,160,639,730.85 6.40% 1,098,612,195.57
(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
China Fangda Group Co., Ltd. 2014 Annual Report
listed company listed company
This period Last period Closing amount Opening amount
On Chinese accounting
96,998,429.76 85,676,863.78 1,234,930,863.46 1,160,639,730.85
standards
Items and amounts adjusted according International Accounting Standards
On international accounting
96,998,429.76 85,676,863.78 1,239,694,261.70 1,165,403,129.09
standards
2. Differences in net profits and assets in financial statements disclosed according to the overseas and
Chinese account standards
□ Applicable √ Inapplicable
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 2014 2013 2012 Notes
Non-current asset disposal gain/loss
(includ
