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方大B(200055)公告正文

方 大B:2011年半年度报告摘要(英文版)

公告日期:2011-08-02

    China Fangda Group Co., Ltd.   Interim Report 2011 Summary
    Stock Code: 000055, 200055                Stock ID: Fangda Group, Fangda B                     Announcement No. 2011-21
    China Fangda Group Co., Ltd.
    Interim Report 2011 Summary
    §1 Important Declaration
    1.1 The Board of Directors and the directors of the Company guarantee that there are no significant omissions,
    fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for
    the truthfulness, accuracy and completeness of the Report.
    This is the summary abstracted from the complete version of Semi-Annual Report 2004, which is published
    synchronously on the Internet (http://www.cninfo.com.cn) for details please refer to the complete version.
    1.2 The financial statements carried in this report are not audited.
    1.3 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 Company Profile
    2.1 Company Profile
    Stock ID              Fangda Group, Fangda B
    Stock Code             000055、200055
    Stock Exchange           Shenzhen Stock Exchange
    Secretary of the Board
    Name                Zhou Zhigang
    Address              Fangda Town, Xili Longjing, Nanshan District, Shenzhen, PRC
    Tel.               86(755) 26788571 ext. 6622
    Fax.                86(755) 26788353
    Email.               zqb@fangda.com
    1
    China Fangda Group Co., Ltd.      Interim Report 2011 Summary
    2.2 Financial Highlights
    2.2.1 Financial Highlights
    In RMB Yuan
    Ended this report      Ended previous      Increase/decrease
    term                  year                   (%)
    Gross Assets (RMB)                                 2,040,148,475.79      1,991,161,158.84                    2.46%
    Owners’ equity attributable to the shareholders of the listed company
    1,056,058,837.33      1,009,990,739.07                    4.56%
    (yuan)
    Capital shares (shares)                               756,909,905.00        504,606,604.00               50.00%
    Net asset per share attributable to the shareholders of the listed
    1.40                 2.00              -30.00%
    company (Yuan/share)
    Report term         Same period last     Increase/decrease
    (Jan-Jun)               year                   (%)
    Turnover (yuan)                                    579,154,393.68        423,379,762.74               36.79%
    Business profit (RMB)                                  49,812,610.64         23,172,085.73              114.97%
    Gross profit (RMB)                                    54,684,537.33         36,785,520.86               48.66%
    Net profit attributable to shareholders of the listed company (yuan)          46,094,698.26         33,608,581.42               37.15%
    Net profit after deducting of non-recurring gain/loss attributable to
    38,385,493.61         13,165,642.02              191.56%
    the shareholders of the listed company (RMB)
    Basic earnings per share (Yuan/share)                                  0.061                 0.049               24.49%
    Diluted earnings per share (Yuan/share)                                0.061                 0.049               24.49%
    Weighted average of ROE (%)                                        4.46%                 5.28%                -0.82%
    Weighted average net
    3.72%                 2.07%                    1.65%
    income/asset ratio less non-recurring gain/loss(%)
    Net Cash flow generated by business operation (RMB)                    -12,160,290.48        -39,527,323.06                        -
    Net Cash flow per share generated by business operation (yuan/share)                    -0.02                 -0.08                       -
    2.2.2. Non-recurring gain and loss items
    √ applicable     □ not applicable
    In RMB Yuan
    Non-recurring gain and loss items                                 Amount             Note (if applicable)
    Gain/loss of non-current assets                                                            -247,367.69
    Government subsidies accounted into current gain/loss account, other than those
    closely related to the Company’s common business, comply with the national policy             63,800.00
    and continues to enjoy at certain fixed rate or amount.
    Receiving of interest of project
    Capital adoption fee collected from non-financial organizations and accounted into
    4,863,766.62 payment due from Dalian
    current gain/loss
    Yunshan project
    Gain/loss from change of fair value of investment property measured at fair value in
    5,082,327.66
    follow-up measurement
    Other non-business income and expenditures other than the above                             191,727.76
    Influenced amount of income tax                                                         -2,244,387.08
    Influenced amount of minority shareholders’ equity                                              -662.62
    Total                                             7,709,204.65                 -
    2
    China Fangda Group Co., Ltd.     Interim Report 2011 Summary
    2.2.3 Diversity between the Domestic and the International Accounting Standards
    √ applicable      □ not applicable
    In RMB Yuan
    Net profit attributable to the shareholders of the      Owners’ equity to shareholders of the listed
    listed company                                         company
    Current term             Amount of last term           End of term           Beginning of term
    On IAS                                   46,094,698.26                  33,608,581.42         1,060,822,235.57          1,014,754,137.31
    On domestic accounting
    46,094,698.26                33,608,581.42           1,056,058,837.33         1,009,990,739.07
    standard
    Individual and total of adjustment according to IAS
    Interest capitalized in years
    prior to adopting of the new                      0.00                          0.00             4,763,398.24             4,763,398.24
    accounting standard
    Total of differences between
    the IAS and domestic                              0.00                          0.00             4,763,398.24             4,763,398.24
    accounting standard
    Statement on differences
    The different of owners’ equity attributable to the listed company on IAS was mainly the part of
    between the IAS and Chinese
    interest capitalized in years previous to application of the new accounting standard on January 1, 2007.
    Accounting Standard
    §3 Changes in Share Capital & Particulars about Shareholders
    3.1. Statement of Changes in Shares
    √ applicable      □ not applicable
    in shares
    Before the change                            Changed (+,-)                          After the change
    Issuing of
    Bonus     Transferred
    Amount       Proportion      new                            Others Sub-total       Amount      Proportion
    shares   from reserves
    shares
    I. Shares with trading
    48,014,828      9.52%                            24,007,414           24,007,414 72,022,242        9.52%
    limited conditions
    1. State-owned shares
    2. State-owned legal
    person shares
    3. Other domestic shares        47,945,200      9.50%                            23,972,600           23,972,600 71,917,800        9.50%
    Incl. Non-government
    domestic legal person           18,200,000      3.61%                             9,100,000            9,100,000 27,300,000        3.61%
    shares
    Domestic natural
    29,745,200      5.89%                            14,872,600           14,872,600 44,617,800        5.89%
    person shares
    4. Share held by foreign
    investors
    Incl. Shares held by
    foreign legal persons
    Foreign natural
    person shares
    5. Management shares               69,628       0.01%                                   34,814            34,814     104,442       0.01%
    II. Shares without trading
    456,591,776     90.48%                           228,295,887          228,295,887 684,887,663      90.48%
    limited conditions
    1. Common shares in
    232,624,317     46.10%                           116,312,158          116,312,158 348,936,475      46.10%
    RMB
    2. Foreign shares in
    223,967,459     44.38%                           111,983,729          111,983,729 335,951,188      44.38%
    domestic market
    3. Foreign shares in
    overseas market
    4. Others
    III. Total of capital shares   504,606,604    100.00%                           252,303,301          252,303,301 756,909,905 100.00%
    3
    China Fangda Group Co., Ltd.       Interim Report 2011 Summary
    3.2 Top 10 shareholders and top 10 holders of unconditional shares
    in shares
    Total of shareholders                                                                                                        72,221
    Top 10 Shareholders
    Name of the shareholder       Properties of shareholder   Share proportion % Total shares    Conditional shares Pledged or frozen
    Shenzhen Banglin
    Domestic non-state-owned
    Technologies                                                           9.09%     68,774,273                      0                   0
    legal person
    Development Co., Ltd.
    Shenzhen Shilihe             Domestic non-state-owned
    2.36%     17,860,992                      0                   0
    Investment Co., Ltd.         legal person
    Tieling Xinxin Copper        Domestic non-state-owned
    2.22%     16,800,000           16,800,000            16,800,000
    Industry Co., Ltd.           legal person
    Chen Binblin                 Domestic natural person                   1.98%     15,000,000           15,000,000            14,550,000
    Onforce International Ltd. Overseas legal person                       1.63%     12,300,000                      0                   0
    Shi Baozhong                 Domestic natural person                   1.39%     10,500,000           10,500,000            10,500,000
    Zhang Xu                     Domestic natural person                   1.39%     10,500,000           10,500,000                     0
    Zhongrong International      Domestic non-state-owned
    1.39%     10,500,000           10,500,000                     0
    Trust Co., Ltd.              legal person
    Shen Cangqiong               Domestic natural person                   1.14%      8,617,800              8,617,800                   0
    Cao Yifan                    Domestic natural person                   0.44%      3,320,865                      0                   0
    Top 10 holders of unconditional shares
    Amount of shares without trade limited
    Name of the shareholder                                                                      Category of shares
    conditions
    Shenzhen Banglin Technologies Development Co., Ltd.                                       68,774,273 RMB common shares
    Shenzhen Shilihe Investment Co., Ltd.                                                     17,860,992 RMB common shares
    Foreign shares placed in
    Onforce International Ltd.                                                                12,300,000
    domestic exchange
    Foreign shares placed in
    Cao Yifan                                                                                    3,320,865
    domestic exchange
    Foreign shares placed in
    Chen Lihong                                                                                  2,305,365
    domestic exchange
    Foreign shares placed in
    Zhen Fan                                                                                     1,980,000
    domestic exchange
    Zhongrong International Trust Ltd. – Rongxin Trust
    1,931,659 RMB common shares
    Contract No.75
    Zhongrong International Trust Co., Ltd. – Huian No.6                                        1,653,147 RMB common shares
    Foreign shares placed in
    Chen Jinbiao                                                                                 1,649,427
    domestic exchange
    Foreign shares placed in
    Li Yitian                                                                                    1,558,350
    domestic exchange
    Notes to relationship or
    Among the top 10 shareholders, Banglin and Onforce are parties with action in concert. Banglin and
    “action in concert”
    Shilihe are associated. As for the other holders of current shares, the Company has not been informed any
    among the top ten     situation of related parties or action in concert parties.
    shareholders.
    3.3 Change in Controlling Shareholder and the Substantial Dominator
    □applicable      √ not applicable
    4
    China Fangda Group Co., Ltd.   Interim Report 2011 Summary
    §4 Directors, Supervisors and Senior Executives
    4.1 Changes in Shares Held by Directors, Supervisors and Senior Executives
    √ applicable     □ not applicable
    Amount of        Amount of                                 Share
    Shares held at                                   Shares held    Incl.
    shares           shares                                option       Cause of
    Name           Position      the beginning                                     at the end Conditional
    increased in the decreased in the                         held at end     change
    of term                                         of term     shares
    report term      report term                              of term
    Capital
    Xiong       Chairman,
    68,647           34,324                   0   102,971              0        0 reserves
    Jianming    president
    capitalized
    Capital
    Wang        Director,    Vice
    24,191           12,095                   0    36,286              0        0 reserves
    Shengguo    president
    capitalized
    Xiong
    Director                         0                0                  0        0               0        0
    Jianwei
    Director,
    Zhou
    Secretary of the                   0                0                  0        0               0        0
    Zhigang
    Board
    Shao      Independent
    0                0                  0        0               0        0
    Hanqing   Director
    Guo       Independent
    0                0                  0        0               0        0
    Jinlong   Director
    Huang     Independent
    0                0                  0        0               0        0
    Yaying    Director
    Host of the
    Zheng Hua Supervisory                        0                0                  0        0               0        0
    Committee
    Yu Guoan Supervisor                          0                0                  0        0               0        0
    Cao Naisi Supervisor                         0                0                  0        0               0        0
    Yang
    Vice President                     0                0                  0        0               0        0
    Xiaozhuan
    Vice president
    Lin Kebin                                    0                0                  0        0               0        0
    and CFO
    Former
    Dong
    independent                        0                0                  0        0               0        0
    Likun
    director
    Song      Former
    0                0                  0        0               0        0
    Wenqing supervisor
    §5 Report of the Board of Directors
    5.1 Principal business segments on industries/products
    In RMB10 thousand
    Segments on industries
    Increase/decrease of
    Gross      Increase/decrease of                           Increase/decrease of gross
    On industry or             Operation                                         operation cost over the
    Turnover                  profit    turnover over the same                           profit ratio over the same
    product                   cost                                            same period of last year
    ratio (%)   period of last year (%)                           period of last year (%)
    (%)
    Metal production 48,523.48 38,899.57        19.83%                    49.02%                   48.49%                         0.28%
    Railroad industry 6,353.06 5,358.46         15.66%                   -10.64%                    -8.48%                       -1.99%
    Segments on products
    Curtain wall
    products and       48,523.48 38,899.57      19.83%                     49.02%                   48.49%                      0.28%
    materials
    Rail
    transportation      6,353.06    5,358.46    15.66%                    -10.64%                    -8.48%                     -1.99%
    equipment
    5
    China Fangda Group Co., Ltd.           Interim Report 2011 Summary
    5.2 Major businesses segment on regions
    In RMB10 thousand
    Regions                                                  Turnover                         Change of income over last year %
    Domestic                                                                                                  49,299.52                                            26.17%
    Overseas                                                                                                    6,323.80                                         473.49%
    5.3 Major Change in the Principal Business or its Structure
    □applicable       √ not applicable
    5.4 Major Change in the Profitability (Gross Profit Rate) of the Major Business over the Previous Year
    □applicable       √ not applicable
    5.5 Cause of Major Change in the Profit Composition over the Previous Year
    □applicable       √ not applicable
    5.6 Using of proceeds from financing actions
    5.6.1 Statement of application of proceeds from share placing
    √ applicable       □ not applicable
    In RMB10 thousand
    Total of proceeds                                           33,658.69
    Total of proceeds put into investment in the
    Total of proceeds changed to other use in the                                                                                                                3,680.96
    0.00                   report term
    report term
    Accumulated proceeds changed to other use                                     0.00
    Total of proceeds invested                                     6,252.13
    % of accumulated proceeds changed to other use                                0.00%
    If
    investm
    Total of                               Accumul Investment
    ent
    proceeds       Total                       ated                 Date when the
    project                                 Amount                progress at                        Gains in       Gains as      Major
    Project promised to be                     to be     investment                  investme                project become
    changed                               invested this           end of report                      the report      expected    change in
    invested by the proceeds                  invested       after                    nt at end                 useable as
    (includi                               report term             term(%)(3)                           term            ?       feasibility?
    as      adjustment                  of report                  proposed
    ng                                                           =(2)/(1)
    proposed                                 term (2)
    partially
    change)
    Project set by the prospectus
    Energy-saving curtain wall
    Not
    and PV curtain wall                         21,000.0
    No                        21,000.00       3,280.58 5,481.31          26.10% Dec 31 2011                   0.00 applicabl No
    production expanding                               0
    e
    project
    Not
    12,658.6
    Expanding of PSD project        No                        12,658.69         400.38     770.82         6.09% Dec 31 2011                   0.00 applicabl No
    9
    e
    Subtotal of investment                   33,658.6
    -                    33,658.69       3,680.96 6,252.13          -                -                   0.00      -            -
    promised                                  9
    Investment project of
    premium surplus
    Repaying of bank loans (if
    -                                                                                -               -             -            -
    any)
    Used as current capital (if
    -                                                                                -               -             -            -
    any)
    Subtotal of premium
    -          0.00           0.00           0.00       0.00        -                -                   0.00      -            -
    proceeds
    33,658.6
    Total                     -                    33,658.69       3,680.96 6,252.13          -                -                   0.00      -            -
    9
    6
    China Fangda Group Co., Ltd.           Interim Report 2011 Summary
    Reason or situation that not
    on schedule (on specific None
    project)
    Statement on major change
    None
    in feasibility
    Amount, usage and progress
    Not applicable
    of premium surplus
    Applicable
    Change of location of project
    to invest            According to the needs of business development, and approved by the 24th meeting of the 5th term of Board, the location of energy
    saving curtain wall and PV wall project was changed from Nanchang to Dongguan Guangdong.
    Adjustment on
    implementation of project   Not applicable
    invested
    Applicable
    Pre-investment and      On September 30, 2010, it was decided to use the raised capital to replace RMB4,347,753.09 of investment made previously by
    replacement by proceeds    Fangda Automatic (1,403,503.00) and Fangda Decoration (4,347,753.09). This has been verified by CPA with report 天健正信审
    (2010)专字第 020722 号.
    Applicable
    Idle proceed used as working
    capital           On March 28, 2011, payment of RMB20 million was made from idle proceeds to Fangda Decoration; and RMB10 million was
    made to Fangda Automatic. Both were not over six months.
    Surplus of investment and
    Not applicable
    causation
    Application plan of retained
    “Production expanding of energy saving curtain wall and photoelectronic curtain wall” and “Production expanding of PSD”
    fund from financing
    Problem or situation in using
    None
    of proceeds and disclosing
    5.6.2 Statement of change of projects financed by proceeds from share placing
    □applicable       √ not applicable
    5.7 Revising of business plan for the 2nd half of year by the Board of Directors
    □applicable       √ not applicable
    5.8 Estimated accumulative profit from the year beginning to the end of the next report period may be of
    deficits; or in comparison with the same period of the previous year, give the warning of great change and
    the notice to the reasons.
    □applicable       √ not applicable
    5.9 Statement of the Board on the Non-standard Opinion Presented by the Certified Public Accountants
    □applicable       √ not applicable
    5.10 Statement of the Management on the Change and the Treatment Result of the Issues Involved in the
    Non-standard Opinion Presented by the Certified Public Accountants in the Previous Year.
    □applicable       √ not applicable
    7
    China Fangda Group Co., Ltd.               Interim Report 2011 Summary
    §6 Significant Events
    6.1 Acquisition and disposal of assets, reorganization of assets
    6.1.1 Acquisition of assets
    □applicable        √ not applicable
    6.1.2 Selling of assets
    □applicable        √ not applicable
    6.1.3 Since the Report on Assets Reorganization or Public Notice on Acquisition/Sales of Assets has been
    published, the progress of the event and the influence upon the operation result and financial position in the
    report period.
    □applicable        √ not applicable
    6.2 Guarantees
    √ applicable        □ not applicable
    In RMB10 thousand
    External Guarantee (Exclude controlled subsidiaries)
    Date and Ref. of the     Amount of        Actual date of                                                                        Related
    Guarantee provided                                                                Actual amount of         Type of                         Completed
    announcement about          the         occurring (signing                                              Term                    party or
    to                                                                           guarantee            guarantee                          or not
    the guarantee         guarantee      date of agreements                                                                        not
    Total of external guarantee approved in the report                                        Total of external guarantee actually
    0.00                                                                     0.00
    term (A1)                                                              occurred in the report term (A2)
    Total of external guarantee approved as of end of                                        Total of external guarantee actually
    0.00                                                                     0.00
    report term (A3)                                                       occurred as of end of report term (A4)
    Guarantee provided to controlled subsidiaries
    Date and Ref. of the     Amount of        Actual date of                                                                        Related
    Guarantee provided                                                                Actual amount of         Type of                         Completed
    announcement about          the         occurring (signing                                              Term                    party or
    to                                                                           guarantee            guarantee                          or not
    the guarantee         guarantee      date of agreements                                                                        not
    "2010-2-12                                                                                          since engage of
    contract to 2
    Fangda Decoration     Announcement No.            20,000.00 Jun 29, 2010                    18,879.94 Joint liabilities                     No         No
    years upon due of
    2010-06                                                                                             debt
    "2011-3-2                                                                                           since engage of
    contract to 2
    Fangda Decoration     Announcement No.            12,000.00 Feb 18 2011                      8,769.06 Joint liabilities                     No         No
    years upon due of
    2011-02                                                                                             debt
    "2010-2-12                                                                                          since engage of
    contract to 2
    Fangda Automatic      Announcement No.            25,000.00 Jun 30 2010                     15,740.08 Joint liabilities                     No         No
    years upon due of
    2010-06                                                                                             debt
    "2010-2-12                                                                                        since engage of
    contract to 2
    Fangda Automatic      Announcement No.                6,000.00 Nov 03 2010                   2,523.83 Joint liabilities                   No           No
    years upon due of
    2010-06                                                                                           debt
    "2010-2-12                                                                                          since engage of
    Fangda New                                                                                                                contract to 2
    Announcement No.                5,000.00 Dec 13 2010                   1,600.00 Joint liabilities                     No         No
    Materials                                                                                                                 years upon due of
    2010-06                                                                                             debt
    "2011-3-2                                                                                           since engage of
    Fangda New                                                                                                                contract to 2
    Announcement No.                4,960.00 Jun 17 2011                   3,351.91 Joint liabilities                     No         No
    Materials                                                                                                                 years upon due of
    2011-02                                                                                             debt
    8
    China Fangda Group Co., Ltd.                 Interim Report 2011 Summary
    "2010-2-06                                                                                              since engage of
    Fangda New                                                                                                                    contract to 2
    Announcement No.                 2,700.00 Sept 29 2010                     2,700.00 Joint liabilities                     No    No
    Materials                                                                                                                     years upon due of
    2010-12                                                                                                 debt
    since engage of
    Fangda Decoration, August19, 2010
    contract to 2
    Fangda Automatic, Announcement No.                  10,000.00 Sept 06 2010                       1,651.87 Joint liabilities                     No    No
    years upon due of
    Fangda Group       2010-27                                                                                                    debt
    Total of guarantee to subsidiaries
    Total of guarantee to subsidiaries approved in the
    143,000.00   actually occurred in the report term                      35,369.93
    report term (B1)
    (B2)
    Total of balance of guarantee actually
    Total of guarantee to subsidiaries approved as of the
    16,960.00 provided to the subsidiaries as of end                      55,216.68
    report term (B3)
    of report term (B4)
    Total of guarantee provided by the Company (i.e. total of the above two items)
    Total of guarantee approved in the report term                                              Total of guarantee occurred in the
    143,000.00                                                             35,369.93
    (A1+B1)                                                                         report term (A2+B2)
    Total of guarantee approved as of end of report term                                        Total of guarantee occurred as of the
    16,960.00                                                             55,216.68
    (A3+B3)                                                                          end of report term
    Percentage of the total guarantee occurred (A4+B4) on net asset of the Company                                                                          52.29%
    In which:
    Guarantees provided to the shareholders, substantial controllers and the related parties (C)                                                               0.00
    Guarantee provided directly or indirectly to objects with over 70% of liability on asset ratio
    0.00
    (D)
    Amount of guarantee over 50% of the net asset (E)                                                                                                      2,413.74
    Total of the above 3 * (C+D+E)                                                                                                                         2,413.74
    Statement on the possible joint liabilities on the guarantees not due yet                           None
    6.3 Non-operational credit/debt with related parties
    □applicable        √ not applicable
    6.4 Material Lawsuits/Arbitrations
    √ applicable        □ not applicable
    1. On March 31, 2010, the Company sued to the Middle Court of Guangzhou claiming for protection of the Company’s two patent
    rights violated by Panasonic Electronics (China) Ltd. in proceeding of PSD system of Guangzhou Metro. The claiming was to stop the
    violating activity and compensation of RMB10 million. This case was in trial process.
    2. In 2010, Wang Weihong sue to Chongqing Middle Court against Fangda Decoration – one of the
    Company’s subsidiaries, claiming for RMB17.07 million project payment and interests. This case
    was in trial process.
    6.5 Notes to the other Significant Events and their Influences and Analysis on the Solutions
    □applicable        √ not applicable
    6.5.1 Securities investment
    □applicable        √ not applicable
    9
    China Fangda Group Co., Ltd.      Interim Report 2011 Summary
    6.5.2 Particulars about shareholding in other listed companies
    √ applicable     □ not applicable
    In RMB Yuan
    Gain/loss of Change of owners’
    Stock                    Initial      Share     Book value at                                                        Source of
    Stock ID                                                the report equity in the report Accounting subject
    Code                   investment    portion   the end of term                                                        shares
    term            term
    ST                                                                                          Available-for-sale
    Debt
    600800 Magnetic        4,850,000.00    0.11%       4,312,000.00           0.00           -26,600.00                           paid in
    financial asset
    Card                                                                                                                   kind
    Total         4,850,000.00      -         4,312,000.00           0.00           -26,600.00             -                  -
    6.5.3 Statement of capital adoption by the main shareholder and its affiliates
    □applicable     √ not applicable
    6.5.4 Fulfilling of commitment issues by the Company, shareholders, and substantial controller
    Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
    its substantial dominator in the report term or carried over to the report term:
    □applicable      √ not applicable
    6.5.5 Profit distribution or capitalizing of common reserves proposed by the Board for the current term
    □applicable     √ not applicable
    6.5.6 Misc. income items
    In RMB Yuan
    Occurred current  Occurred in previous
    Items
    term                term
    1. Gains (losses) from sellable financial assets                                                -35,000.00           -346,410.96
    Less: Income tax influence of available-for-sale financial assets                                -8,400.00            -21,210.41
    Net amount written into other gains and transferred into gain/loss in previous terms                                2,694,453.18
    Sub-total                                                                                       -26,600.00         -3,019,653.73
    2. Shares in the other misc. income subjects in the investee on equity basis
    Less: Income tax influence of shares in other gains of investee on equity basis
    Net amount written into other gains and transferred into gain/loss in previous terms
    Sub-total
    3. Amount of gains (or losses) from cash flow hedge instrument                                                             -1,648,500.00
    Less: Income tax influence of cash flow hedge instruments                                                                    -217,125.00
    Net amount written into other gains and transferred into gain/loss in previous terms                                        2,845,166.75
    Adjusted amount transferred to initial amount of the target project                                                                 0.00
    Sub-total                                                                                                                  -4,276,541.75
    4. Difference from translating of foreign currency financial statements
    Less: Net amount of disposing overseas business and transferred to current gain/loss
    Sub-total
    5. Others
    Less: Income tax influence by other accounted into other misc. incomes
    Net amount accounted into other misc. income and transferred into current gain/loss in
    previous terms
    Sub-total
    Total                                                                                           -26,600.00                 -7,296,195.48
    10
    China Fangda Group Co., Ltd.     Interim Report 2011 Summary
    6.6 Reception of investigations, communications, or interviews
    Main content involved and
    Time/date        Place           Way                              Visitors
    material provided
    March 10,     The            Field        Orient Securities Ltd., Guangzhou Pearl River Asset        Business operation and future
    2011          Company        research     Management Ltd.                                            development.
    March 18,     The            Field        Shenyin Wanguo Securities, Hualin Securities, Guangdong Business operation and future
    2011          Company        research     Andexin Development Ltd.                                development.
    §7 Financial Report
    7.1 Auditor’s Opinion
    Financial Report                   √Not audited □ Audited
    7.2 Financial Statements
    7.2.1 Balance Sheet
    Prepared by China Fangda Group Co., Ltd.      Ended June 30, 2011      RMB Yuan
    Balance at the end of term         Balance at the beginning of year
    Items
    Consolidated Parent company           Consolidated Parent company
    Current asset:
    Monetary capital                                         442,490,831.45       34,284,968.42   506,295,863.70    30,547,718.91
    Settlement provision
    Outgoing call loan
    Transactional financial assets
    Notes receivable                                           1,550,000.00                        16,491,007.92
    Account receivable                                       492,830,911.53        6,195,719.35   396,673,564.76      7,917,726.90
    Prepayment                                                34,525,862.83          250,000.00    20,266,020.05        366,736.00
    Insurance receivable
    Reinsurance receivable
    Provisions of Reinsurance contracts receivable
    Interest receivable                                          1,138,888.88                          51,300.00
    Dividend receivable                                                           26,936,500.00                     43,936,500.00
    Other account receivable                                    51,503,441.54    209,634,878.63    39,235,264.87   200,454,969.75
    Repurchasing of financial assets
    Inventories                                              248,191,919.72                       280,285,486.41
    Non-current asset due in 1 year
    Other current asset
    Total of current asset                                   1,272,231,855.95      277,302,066.40 1,259,298,507.71   283,223,651.56
    Non-current assets
    Disburse of consigned loans
    Available-for-sale financial asset                           4,312,000.00      4,312,000.00     4,347,000.00      4,347,000.00
    Expired investment in possess
    Long-term receivable
    Long-term share equity investment                                            658,733,745.58                    658,733,745.58
    Investment properties                                    274,539,465.81      265,380,365.81   271,226,332.73   262,602,432.73
    Fixed assets                                             304,929,329.34       57,877,748.34   240,554,714.52    56,934,198.94
    Construction in process                                   26,674,644.86           87,378.64    56,762,380.64        87,378.64
    Engineering goods
    Fixed asset disposal                                         1,442,705.89                         586,285.67
    Production physical assets
    Gas & petrol
    Intangible assets                                        112,597,828.53       10,143,092.40   114,530,578.15    10,323,163.72
    R&D expense                                                  905,133.30                         1,182,970.28
    Goodwill                                                   8,197,817.29                         8,197,817.29
    11
    China Fangda Group Co., Ltd.   Interim Report 2011 Summary
    Long-term amortizable expenses                           2,860,664.65                      3,062,071.65
    Differed income tax asset                               31,457,030.17    15,029,610.93    31,412,500.20    15,161,997.10
    Other non-current asset
    Total of non-current assets                               767,916,619.84 1,011,563,941.70 731,862,651.13 1,008,189,916.71
    Total of assets                                         2,040,148,475.79 1,288,866,008.10 1,991,161,158.84 1,291,413,568.27
    Current liabilities
    Short-term loans                                       383,000,000.00   200,000,000.00   397,000,000.00   200,000,000.00
    Loan from Central Bank
    Deposit received and hold for others
    Call loan received
    Trade off financial liabilities
    Notes payable                                           41,652,568.77                     60,226,018.65
    Account payable                                        264,658,302.20     1,851,490.36   296,531,749.82     1,901,490.41
    Prepayment received                                     90,207,461.25       693,045.60    48,308,874.47       715,925.50
    Selling of repurchased financial assets
    Fees and commissions receivable
    Employees’ wage payable                                11,043,615.29       406,934.91    14,047,721.00       881,767.40
    Tax payable                                             26,999,435.45       885,778.96    21,520,643.71       930,370.30
    Interest payable                                           548,793.05       280,250.00       610,850.84       308,275.00
    Dividend payable
    Other account payable                                   48,298,812.20    61,967,412.59    25,384,587.91    70,841,835.18
    Reinsurance fee payable
    Insurance contract provision
    Entrusted trading of securities
    Entrusted selling of securities
    Non-current liability due in 1 year
    Other current liability
    Total of current liability                               866,408,988.21   266,084,912.42   863,630,446.40   275,579,663.79
    Non-current liabilities
    Long-term borrowings
    Bond payable
    Long-term payable
    Special payable
    Expectable liabilities                                     883,881.35                        347,657.52
    Differed income tax liability                           29,869,048.72    29,351,087.57    28,289,997.60    27,852,316.45
    Other non-recurring liabilities                          4,564,850.00                      4,564,850.00
    Total of non-current liabilities                          35,317,780.07    29,351,087.57    33,202,505.12    27,852,316.45
    Total of liability                                       901,726,768.28   295,435,999.99   896,832,951.52   303,431,980.24
    Owners’ equity (or shareholders’ equity)
    Capital paid in (or share capital)                     756,909,905.00   756,909,905.00   504,606,604.00   504,606,604.00
    Capital reserves                                        82,104,113.92    42,703,458.54   334,434,014.92   295,033,359.54
    Less: Shares in stock
    Special reserves
    Surplus reserves                                        17,834,977.97    17,834,977.97    17,834,977.97    17,834,977.97
    Common risk provision
    Retained profit                                        199,209,840.44   175,981,666.60   153,115,142.18   170,506,646.52
    Different of foreign currency translation
    Total of owner’s equity belong to the parent company   1,056,058,837.33 993,430,008.11 1,009,990,739.07 987,981,588.03
    Minor shareholders’ equity                                82,362,870.18                     84,337,468.25
    Total of owners’ equity                                1,138,421,707.51 993,430,008.11 1,094,328,207.32 987,981,588.03
    Total of liabilities and owners’ equity                2,040,148,475.79 1,288,866,008.10 1,991,161,158.84 1,291,413,568.27
    12
    China Fangda Group Co., Ltd.       Interim Report 2011 Summary
    7.2.2 Income Statement
    Prepared by: China Fangda Group Co., Ltd.                Jan-June 2011             RMB Yuan
    Amount of the Current Term         Amount of the Previous Term
    Items                                                  Parent                              Parent
    Consolidated                        Consolidated
    company                             company
    I. Total revenue                                                  579,154,393.68 20,049,926.08        423,379,762.74 18,558,245.60
    Incl. Business income                                             579,154,393.68 20,049,926.08        423,379,762.74 18,558,245.60
    Interest income
    Insurance fee earned
    Fee and commission received
    II. Total business cost                                               534,439,453.17 17,513,082.25    409,935,200.30 18,620,458.50
    Incl. Business cost                                                   460,275,267.38 5,151,318.51     339,167,650.59 4,777,841.15
    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 surcharge                                     8,780,225.31 1,197,342.53       7,268,385.20     736,359.67
    Sales expense                                                 14,037,722.42     251,166.98    12,733,055.35     604,810.28
    Administrative expense                                        46,225,304.98 9,792,692.82      39,721,901.51   9,680,484.63
    Financial expenses                                             8,807,786.28 1,922,691.95      10,189,597.13   3,061,119.80
    Asset impairment loss                                         -3,686,853.20    -802,130.54       854,610.52    -240,157.03
    Plus: Gains from change of fair value (“-“ for loss)               5,082,327.66 4,547,127.66       6,553,456.32   6,498,256.32
    Investment gain (“-“ for loss)                                  15,342.47                    3,174,066.97
    Incl. Investment gains from affiliates
    Gains from currency exchange (“-“ for loss)
    III. Operational profit (“-“ for loss)                               49,812,610.64 7,083,971.49      23,172,085.73   6,436,043.42
    Plus: Non business income                                            5,461,800.64     461,369.27    14,744,047.55   3,452,536.32
    Less: Non-business expenses                                            589,873.95     430,763.39     1,130,612.42     400,960.00
    Incl. Loss from disposal of non-current assets
    IV. Gross profit (“-“ for loss)                                      54,684,537.33 7,114,577.37      36,785,520.86   9,487,619.74
    Less: Income tax expenses                                           10,564,437.14 1,639,557.29       6,486,285.83   3,551,087.99
    V. Net profit (“-“ for net loss)                                     44,120,100.19 5,475,020.08      30,299,235.03   5,936,531.75
    Net profit attributable to the owners of parent company          46,094,698.26 5,475,020.08      33,608,581.42   5,936,531.75
    Minor shareholders’ equity                                      -1,974,598.07                   -3,309,346.39
    VI. Earnings per share:
    (I) Basic earnings per share                                             0.061                           0.049
    (II) Diluted earnings per share                                          0.061                           0.049
    VII. Other misc. incomes                                                  -26,600.00     -26,600.00    -7,296,195.48    -325,200.55
    VIII. Total of misc. incomes                                           44,093,500.19 5,448,420.08      23,003,039.55   5,611,331.20
    Total of misc. incomes attributable to the owners of the parent
    46,068,098.26 5,448,420.08      26,312,385.94   5,611,331.20
    company
    Total misc gains attributable to the minor shareholders          -1,974,598.07                   -3,309,346.39
    Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
    13
    China Fangda Group Co., Ltd.    Interim Report 2011 Summary
    7.2.3 Cash Flow Statement
    Prepared by: China Fangda Group Co., Ltd.                   Jan-June 2011               RMB Yuan
    Amount of the Current Term      Amount of the Previous Term
    Items                                                    Parent                        Parent
    Consolidated                    Consolidated
    company                       company
    I. Net cash flow from business operation
    Cash received from sales of products and providing of
    572,717,719.70 20,736,668.55 392,653,009.60 16,630,116.26
    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 insurance contract
    Net cash received from reinsurance business
    Net increase of client deposit and investment
    Net increase of trade financial asset disposal
    Cash received as interest, processing fee, and commission
    Net increase of inter-bank fund received
    Net increase of repurchasing business
    Tax returned                                                      2,196,998.64                     239,302.17
    Other cash received from business operation                      34,846,329.66     1,088,056.36 39,549,834.46    5,304,349.62
    Sub-total of cash inflow from business activities             609,761,048.00 21,824,724.91 432,442,146.23 21,934,465.88
    Cash paid for purchasing of merchandise and services            483,715,194.88     5,182,338.56 346,365,488.62   6,267,741.94
    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 staffs or paid for staffs                           44,761,059.84     4,010,180.73 32,596,329.65    2,943,955.51
    Taxes paid                                                       30,109,619.02     1,967,285.81 34,980,004.22    2,108,963.92
    Other cash paid for business activities                          63,335,464.74     5,435,520.75 58,027,646.80    8,989,344.74
    Sub-total of cash outflow from business activities            621,921,338.48 16,595,325.85 471,969,469.29 20,310,006.11
    Cash flow generated by business operation, net             -12,160,290.48     5,229,399.06 -39,527,323.06   1,624,459.77
    II. Cash flow generated by investing
    Cash received from investment retrieving                                                           854,089.54
    Cash received as investment gains                                      15,342.47 17,000,000.00    3,176,516.97 31,615,965.05
    Net cash retrieved from disposal of fixed assets, intangible
    9,372.00      8,040.00    2,372,184.95
    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 due to investment activities                24,714.47 17,008,040.00    6,402,791.46 31,615,965.05
    Cash paid for construction of fixed assets, intangible assets
    16,693,359.70      429,778.00 17,353,594.62     1,125,645.91
    and other long-term assets
    Cash paid as investment
    Net increase of loan against pledge
    Net cash received from subsidiaries and other operational
    14
    China Fangda Group Co., Ltd.    Interim Report 2011 Summary
    units
    Other cash paid for investment activities
    Sub-total of cash outflow due to investment activities          16,693,359.70    429,778.00 17,353,594.62       1,125,645.91
    Net cash flow generated by investment                       -16,668,645.23 16,578,262.00 -10,950,803.16 30,490,319.14
    III. Cash flow generated by financing
    Cash received as investment                                                                      340,499,960.00 340,499,960.00
    Incl. Cash received as investment from minor shareholders
    Cash received as loans                                            90,000,000.00                  276,000,000.00 152,821,754.51
    Cash received from bond placing
    Other financing-related cash received                                                                  3,765.25
    Subtotal of cash inflow from financing activities               90,000,000.00                  616,503,725.25 493,321,714.51
    Cash to repay debts                                              104,000,000.00 12,847,054.29 266,000,000.00 210,000,000.00
    Cash paid as dividend, profit, or interests                       10,220,855.72   5,100,550.00     9,008,860.25   5,156,671.25
    Incl. Dividend and profit paid by subsidiaries to minor
    shareholders
    Other cash paid for financing activities                             111,983.72    111,983.72      2,978,629.66   2,978,629.66
    Subtotal of cash outflow due to financing activities           114,332,839.44 18,059,588.01 277,987,489.91 218,135,300.91
    Net cash flow generated by financing                        -24,332,839.44 -18,059,588.01 338,516,235.34 275,186,413.60
    IV. Influence of exchange rate alternation on cash and cash
    -7,826.45                      -12,216.25           2.70
    equivalents
    V. Net increase of cash and cash equivalents                             -53,169,601.60   3,748,073.05 288,025,892.87 307,301,195.21
    Plus: Balance of cash and cash equivalents at the beginning of
    468,878,715.15 30,252,759.44 210,823,550.83 42,024,488.50
    term
    VI. Balance of cash and cash equivalents at the end of term              415,709,113.55 34,000,832.49 498,849,443.70 349,325,683.71
    15
    China Fangda Group Co., Ltd.        Interim Report 2011 Summary
    7.2.4 Change in Owners’ Equities (Consolidated)
    Prepared by: China Fangda Group Co., Ltd.                                Interim 2011                     in RMB yuan
    Amount of the Current Term                                                                       Amount of Last Year
    Owners’ Equity Attributable to the Parent Company              Minor                         Owners’ Equity Attributable to the Parent Company               Minor
    Capital                                                                             Total of Capital                                                                               Total of
    Items                                     Less:                      Common                      sharehol                              Less:                        Common                      sharehol
    paid in Capital             Special Surplus             Retained                   owners’ paid in Capital              Special Surplus               Retained                   owners’
    Shares in                      risk            Others    ders’                              Shares in                        risk            Others    ders’
    (or share reserves           reserves reserves            profit                      equity (or share reserves           reserves reserves              profit                      equity
    stock                      provision                    equity                               stock                        provision                    equity
    capital)                                                                                     capital)
    504,606, 334,434,                     17,834,9           153,115,          84,337,4 1,094,32 426,786, 80,622,4                      13,360,1            102,526,          91,114,6 714,410,
    I. Balance at the end of last year
    604.00 014.92                          77.97             142.18             68.25 8,207.32 359.00       88.67                        80.84              565.06             96.12 289.69
    Plus: Change of accounting
    policy
    Correcting of previous errors
    Others
    II. Balance at the beginning of       504,606, 334,434,                     17,834,9           153,115,          84,337,4 1,094,32 426,786, 80,622,4                     13,360,1           102,526,            91,114,6 714,410,
    current year                           604.00 014.92                           77.97            142.18              68.25 8,207.32 359.00      88.67                        80.84            565.06                96.12 289.69
    III. Changed in the current year (“- 252,303, -252,329                                        46,094,6          -1,974,5 44,093,5 77,820,2 253,811,                     4,474,79           50,588,5            -6,777,2 379,917,
    “ for decrease)                       301.00 ,901.00                                             98.26             98.07    00.19    45.00 526.25                           7.13              77.12               27.87 917.63
    46,094,6          -1,974,5 44,120,1                                                          55,063,3            -6,777,2 48,286,1
    (I) Net profit
    98.26             98.07    00.19                                                             74.25               27.87    46.38
    -26,600.                                                                  -26,600.          -4,955,1                                                                     -4,955,1
    (II) Other misc. income
    00                                                                         00             00.48                                                                        00.48
    -26,600.                                       46,094,6          -1,974,5 44,093,5          -4,955,1                                        55,063,3            -6,777,2 43,331,0
    Total of (I) and (II)
    00                                           98.26             98.07    00.19             00.48                                           74.25               27.87    45.90
    (III) Investment or decreasing of                                                                                                47,945,2 288,641,                                                                     336,586,
    capital by owners                                                                                                                     00.00 671.73                                                                         871.73
    47,945,2 288,641,                                                                     336,586,
    1. Capital inputted by owners
    00.00 671.73                                                                         871.73
    2. Amount of shares paid and
    accounted as owners’ equity
    3. Others
    4,474,79            -4,474,7
    (IV) Profit allotment
    7.13               97.13
    1. Providing of surplus                                                                                                                                             4,474,79            -4,474,7
    reserves                                                                                                                                                                     7.13               97.13
    2. Common risk provision
    3. Allotment to the owners (or
    shareholders)
    4. Others
    (V) Internal transferring of     252,303, -252,303                                                                               29,875,0 -29,875,
    owners’ equity                      301.00 ,301.00                                                                                    45.00 045.00
    1. Capitalizing of capital     252,303, -252,303                                                                               29,875,0 -29,875,
    reserves (or to capital shares)      301.00 ,301.00                                                                                    45.00 045.00
    2. Capitalizing of surplus
    reserves (or to capital shares)
    16
    China Fangda Group Co., Ltd.          Interim Report 2011 Summary
    3. Making up losses by
    surplus reserves
    4. Others
    (VI) Special reserves
    1. Provided this year
    2. Used this term
    (VII) Others
    756,909, 82,104,1                      17,834,9               199,209,           82,362,8 1,138,42 504,606, 334,434,                         17,834,9               153,115,            84,337,4 1,094,32
    IV. Balance at the end of this term
    905.00     13.92                         77.97                840.44               70.18 1,707.51 604.00 014.92                                77.97                142.18                68.25 8,207.32
    7.2.5 Change in Owners’ Equities (Parent Co.)
    Prepared by: China Fangda Group Co., Ltd.                                 Interim 2011                         in RMB yuan
    Amount of the Current Term                                                                               Amount of Last Year
    Capital                                                                                 Total of  Capital                                                                                        Total of
    Less:                                   Common                                                    Less:                                        Common
    Items                 paid in (or  Capital                  Special      Surplus                   Retained             paid in (or  Capital                      Special      Surplus                    Retained
    Shares in                                   risk                 owners’                         Shares in                                        risk                   owners’
    share     reserves                  reserves     reserves                   profit                share     reserves                      reserves     reserves                    profit
    stock                                   provision                 equity                          stock                                        provision                   equity
    capital)                                                                                          capital)
    504,606,60 295,033,35                             17,834,977.               170,506,64 987,981,58 426,786,35 35,682,213.                                13,360,180.                130,233,47 606,062,22
    I. Balance at the end of last year
    4.00       9.54                                    97                       6.52      8.03        9.00         36                                        84                       2.40       5.60
    Plus: Change of accounting
    policy
    Correcting of previous errors
    Others
    II. Balance at the beginning of       504,606,60 295,033,35                             17,834,977.                170,506,64 987,981,58 426,786,35     35,682,213.                           13,360,180.                 130,233,47 606,062,22
    current year                                4.00       9.54                                     97                       6.52        8.03        9.00            36                                   84                        2.40        5.60
    III. Changed in the current year (“- 252,303,30 -252,329,9                                                       5,475,020.0 5,448,420.0 77,820,245.    259,351,14                           4,474,797.1                40,273,174. 381,919,36
    “ for decrease)                            1.00      01.00                                                                 8           8          00          6.18                                     3                         12        2.43
    5,475,020.0 5,475,020.0                                                                                44,747,971. 44,747,971.
    (I) Net profit
    8           8                                                                                         25          25
    (II) Other misc. income                        -26,600.00                                                                    -26,600.00               584,519.45                                                                    584,519.45
    5,475,020.0 5,448,420.0                                                                                44,747,971. 45,332,490.
    Total of (I) and (II)                          -26,600.00                                                                                             584,519.45
    8           8                                                                                         25          70
    (III) Investment or decreasing of                                                                                                       47,945,200.   288,641,67                                                                    336,586,87
    capital by owners                                                                                                                                  00         1.73                                                                          1.73
    47,945,200.   288,641,67                                                                    336,586,87
    1. Capital inputted by owners
    00         1.73                                                                          1.73
    2. Amount of shares paid and
    accounted as owners’ equity
    3. Others
    4,474,797.1                -4,474,797.
    (IV) Profit allotment
    3                        13
    1. Providing of surplus                                                                                                                                                                  4,474,797.1                -4,474,797.
    reserves                                                                                                                                                                                                3                        13
    2. Common risk provision
    3. Allotment to the owners (or
    17
    China Fangda Group Co., Ltd.      Interim Report 2011 Summary
    shareholders)
    4. Others
    (V) Internal transferring of       252,303,30 -252,303,3                                       29,875,045. -29,875,04
    owners’ equity                             1.00      01.00                                               00        5.00
    1. Capitalizing of capital       252,303,30 -252,303,3                                       29,875,045. -29,875,04
    reserves (or to capital shares)             1.00      01.00                                               00        5.00
    2. Capitalizing of surplus
    reserves (or to capital shares)
    3. Making up losses by
    surplus reserves
    4. Others
    (VI) Special reserves
    1. Provided this year
    2. Used this term
    (VII) Others
    756,909,90 42,703,458.   17,834,977.   175,981,66 993,430,00 504,606,60 295,033,35                       17,834,977.             170,506,64 987,981,58
    IV. Balance at the end of this term
    5.00         54            97          6.60       8.11       4.00       9.54                               97                    6.52       8.03
    18
    China Fangda Group Co., Ltd.   Interim Report 2011 Summary
    7.3 Notes to the financial statements
    7.3.1 In case of change in accounting policies, accounting estimation, or correction of accounting errors,
    please provide details of the change and the influence on data.
    □applicable   √ not applicable
    7.3.2 If the consolidation range of the financial report has changed significantly, please provide details and
    the influences on financial data
    □applicable   √ not applicable
    7.3.3 If the certified public accounts has issued a non-standard qualified opinion auditor’s report, list the
    relevant notes to the issues involved in the report.
    □applicable   √ not applicable
    19