2015 Interim Report of China Fangda Group Co., Ltd.
China Fangda Group Co., Ltd.
2015 Interim Report
August 2015
2015 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.
Position of absent
Name of absent director Reason Name of proxy
director
Lin Bin Independent director Business engagement Guo Wanda
Huang Yaying Independent director Business engagement Guo Wanda
Xiong Jianwei Director Business engagement Wang Shengguo
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.
2015 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............................................................................................................................................................................23
VI Changes in Share Capital and Shareholders .............................................................................................................................30
VII Preferred Shares ...........................................................................................................................................................................35
VIII Particulars about the Directors, Supervisors, and Senior Management ..............................................................................36
IX Financial Statements .....................................................................................................................................................................37
X Documents for Reference ............................................................................................................................................................134
2015 Interim Report of China Fangda Group Co., Ltd.
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 Formally Shenzhen Fangda Decoration Engineering Co., Ltd., now
Fangda Jianke, Fangda Decoration
to renamed 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.
2015 Interim Report of China Fangda Group Co., Ltd.
to
Refers
Fangda Aluminium Jiangxi Fangda New Type Aluminum 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 renamed as
Chengdu Fangda Jianke
to Chengdu Fangda Construction Technology Co., Ltd.
Refers
Shihui International Shihui International Holding Co., Ltd.
to
Refers
Shenyang Decoration Fangda Decoration Engineering (Shenyang) Co., Ltd.
to
Refers
CSRC China Securities Regulatory Commission
to
Refers
SZSE Shenzhen Stock Exchange
to
2015 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.
English name (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
th th
20F, Fangda Building, Kejinan 12 20F, Fangda Building, Kejinan 12
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. Other Information
1. Liaison
Changes to the Company’s registration address, office address, post code, website or email during the
report period
□ Applicable √ Inapplicable
Company’s registration address, office address, post code, website or email have not changed during
the report period. See Annual Report 2014 for details.
2. Information disclosure and inquiring
Changes to the information disclosure and inquiring place
□ Applicable √ Inapplicable
Please refer to the 2014 annual report for the newspapers and websites where the Company’s
2015 Interim Report of China Fangda Group Co., Ltd.
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 2014 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.
2015 Interim Report of China Fangda Group Co., Ltd.
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
This report period Same period last year Year-on-year change (%)
Turnover (yuan) 1,150,115,523.53 822,792,739.02 39.78%
Net profit attributable to shareholders of
51,317,648.87 40,769,958.24 25.87%
the listed company (yuan)
Net profit attributable to the
shareholders of the listed company and
35,487,052.40 39,669,548.38 -10.54%
after deducting of non-recurring
gain/loss (RMB)
Net cash flow generated by business
-274,712,071.19 -268,552,729.61 2.29%
operation (RMB)
Basic earnings per share (yuan/share) 0.07 0.05 40.00%
Diluted Earnings per share
0.07 0.05 40.00%
(yuan/share)
Weighted average net income/asset
4.07% 3.49% 0.58%
ratio
End of the report period End of last year Year-on-year change
Total asset (RMB) 4,044,758,394.03 3,662,719,900.41 10.43%
Net profit attributable to the
shareholders of the listed company 1,262,312,157.68 1,234,930,863.46 2.22%
(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 Net profit attributable to the shareholders of
the listed company the listed company
This period Last period Closing amount Opening amount
2015 Interim Report of China Fangda Group Co., Ltd.
On Chinese accounting
51,317,648.87 40,769,958.24 1,262,312,157.68 1,234,930,863.46
standards
Items and amounts adjusted according International Accounting Standards
On international accounting
51,317,648.87 40,769,958.24 1,267,075,555.92 1,239,694,261.70
standards
2. Differences in net profits and assets in financial statements disclosed according to the
overseas and Chinese account standards
□ Applicable √ Inapplicable
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
-453,950.93
part for which assets impairment provision is made)
Subsidies accounted into the current income account
(except the government subsidy closely related to the
630,651.51
enterprise’s business and based on unified national
standard quota)
Gain from entrusted investment or assets management 295,002.74
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 2,676,854.00
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
32,768,907.31
measured at fair value in follow-up measurement
2015 Interim Report of China Fangda Group Co., Ltd.
Other non-business income and expenditures other than the
-13,605,087.48
above
Less: Influenced amount of income tax 6,395,082.75
Influenced amount of minority shareholders’ equity
86,697.93
(after-tax)
Total 15,830,596.47 --
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.
2015 Interim Report of China Fangda Group Co., Ltd.
IV Board of Directors Report
1. Summary
In the first half of 2015, the Chinese economic growth continued slowing down. Under the
leadership of the Board of Directors, the Company reacted positively to the gloomy economy thanks to
the hard work and diligence of all employees. In the report period, the Company recorded a sales
income of RMB1,150,115,500, up 39.78% year on year. The net profit attributed to owners of the parent
reached RMB51,317,600, up 25.87% year on year. The revenue from main businesses continued
growing. By the end of the report period, the Company had secured new orders worth
RMB1,691,785,400, which 147.10% of the operating revenue in H1 2015, paving the way for the
Company to complete the whole year’s sales target.
1、 Curtain wall system and material industry continued growing rapidly
As the Chinese economy continues growing and urbanization accelerates, the demand for high-end
building curtain walls continues swelling. With technical, hardware, brand and service advantages, the
Company has focused on the high-end curtain wall market and continued increasing the share in the
high-end curtain wall system and material market. In the first half of 2015, the Company won a series of
energy-saving and low-carbon high-end curtain wall and material projects including Shenzhen Swan
Lake Gargen I, Shanghai Tongshan road renovation project, Xining (Kangmei) International Chinese
Medicine Exchange Center, Kunming Dianhai Gudu Harbor, off
