China Fangda Group Co., Ltd. 2015 Annual Report
China Fangda Group Co., Ltd.
2015 Annual Report
April 2016
China Fangda Group Co., Ltd. 2015 Annual Report
Chapter 1 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.
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.
Directors other than the following ones have attended the Board meeting to
review the annual report.
Name of absent director Position of absent director Reason Name of proxy
Deng Lei Independent director Business engagement Guo Wanda
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.
Management Discussion and Analysis.
The Board meeting reviewed and approved the profit distribution preplan:
distributing cash dividend of RMB1 for each ten shares to all shareholders on
the basis of all shares of the Company on 31.12.15 and no dividend share is
issued to shareholders. No reserve is capitalized.
China Fangda Group Co., Ltd. 2015 Annual Report
Table of Contents
Chapter 1 Important Statement, Table of Contents and Definitions.........................................................................................................2
Charter 2 About the Company and Financial Highlights .........................................................................................................................6
Chapter 3 Business Introduction ............................................................................................................................................................ 11
Chapter 4 Management Discussion and Analysis ..................................................................................................................................14
Chapter 5 Significant Events .................................................................................................................................................................29
Chapter 6 Changes in Share Capital and Shareholders ..........................................................................................................................41
Chapter 7 Preferred Shares ....................................................................................................................................................................47
Chapter 8 Particulars about the Directors, Supervisors, Senior Management and Employees ..............................................................48
Chapter 9 Corporate Governance ..........................................................................................................................................................54
Chapter 10 Financial Statements ...........................................................................................................................................................63
Chapter 11 Documents for Reference ..................................................................................................................................................180
China Fangda Group Co., Ltd. 2015 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 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.
China Fangda Group Co., Ltd. 2015 Annual Report
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
China Fangda Group Co., Ltd. 2015 Annual Report
Charter 2 About the Company and Financial Highlights
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
China Securities Journal, Security Times, Shanghai Securities Daily, Hong
Press medias 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. 2015 Annual Report
Place for information inquiry Secretarial Office of the Board
4. Registration changes
Organization code 19244858-9
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 Xie Peiren, Hu Gaosheng
Sponsor engaged by the Company to perform continued supervision and guide during the reporting period
□ Applicable √ Inapplicable
Financial advisor engaged by the Company to perform continued supervision and guide during the reporting
period
□ Applicable √ Inapplicable
6. 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
2015 2014 Increase/decrease
Turnover (yuan) 2,550,467,494.78 1,938,324,435.51 31.58% 1,747,620,845.74
Net profit attributable to
shareholders of the listed company 107,272,369.77 96,998,429.76 10.59% 85,676,863.78
(yuan)
Net profit attributable to the
shareholders of the listed company
29,070,293.64 69,068,577.10 -57.91% 68,393,391.56
and after deducting of
non-recurring gain/loss (RMB)
China Fangda Group Co., Ltd. 2015 Annual Report
Net cash flow generated by
-360,115,114.04 -557,893,929.44 156,544,620.31
business operation (RMB)
Basic earnings per share
0.14 0.13 7.69% 0.11
(yuan/share)
Diluted Earnings per share
0.14 0.13 7.69% 0.11
(yuan/share)
Weighted average net income/asset
8.42% 8.14% 0.28% 7.61%
ratio
Increase/decrease from
End of 2015 End of 2014 End of 2013
the end of last year
Total asset (RMB) 4,464,147,811.40 3,662,719,900.41 21.88% 2,599,557,542.57
Net profit attributable to the
shareholders of the listed company 1,319,496,334.84 1,234,930,863.46 6.85% 1,160,639,730.85
(RMB)
7. 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
107,272,369.77 96,998,429.76 1,319,496,334.84 1,234,930,863.46
standards
Items and amounts adjusted according International Accounting Standards
On international accounting
107,272,369.77 96,998,429.76 1,324,259,733.08 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
China Fangda Group Co., Ltd. 2015 Annual Report
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.
8. Financial highlights by quarters
In RMB
Q1 Q2 Q3 Q4
Turnover 478,296,193.16 671,819,330.37 692,471,803.42 707,880,167.83
Net profit attributable to the
15,504,344.70 35,813,304.17 20,237,940.89 35,716,780.01
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
14,487,216.74 20,999,835.66 543,165.95 -6,959,924.71
and after deducting of
non-recurring gain/loss
Cash flow generated by business
-235,696,168.76 -39,015,902.43 -89,274,391.77 3,871,348.92
operations, net
Where there is difference between the above-mentioned financial data or sum and related financial data in quarter
report and interim report disclosed by the Company
□ Yes √ No
9. Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Items 2015 2014 2013 Notes
Non-current asset disposal gain/loss
(including the write-off part for which assets -522,948.72 -24,398.43 -462,554.08
impairment provision is made)
Subsidies accounted into the current income
account (except the government subsidy
closely related to the enterprise’s business 2,246,386.84 2,340,175.75 1,815,855.07
and based on unified national standard
quota)
Capital using expense charged to
non-financial enterprises and accounted into 3,649,313.12 2,149,420.09
the current income account
Gain from entrusted investment or assets
250,897.54 2,144,844.80 306,301.37
management
Gain/loss from change of fair value of 4,341,316.92 -2,852,885.00
China Fangda Group Co., Ltd. 2015 Annual Report
transactional financial asset and liabilities,
and investment gains from disposal of
transactional financial
