新闻源 财富源

2020年01月25日 星期六

方大B(200055)公告正文

方 大B:2012年半年度报告摘要(英文版)

公告日期:2012-07-28

China Fangda Group Co., Ltd.                                                                      Interim Report 2012 Summary




Stock Code: 000055, 200055               Stock ID: Fangda Group, Fangda B                          Announcement No. 2012-33


                                 Interim Report 2012 Summary

                                        I. Important Statement


      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.
      Directors other than the followings presented the Board Meeting at which this report was examined:
                                                                Reason for not presenting the
 Name of the director absented           Position                                                    Name of consignee
                                                                          meeting
          Huang Yaying             Independent Director             Business engagement                 Guo Jinlong
          Xiong Jianwei                  Director                   Business engagement                Wang Shengguo
     Auditors’ Opinions
     Unaudited.
     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.




                                     II. Profile of the Company


(I) Basic information

ID of A-stock                           Fangda Group
Code of A-stock                         000055
Stock Exchange                          Shenzhen Stock Exchange
                                                    Secretary of the Board                Representative of Stock Affairs
Name                                    Zhou Zhigang                                Guo Linchen
                                        Fangda Town, Xili Longjing, Nanshan         Fangda Town, Xili Longjing, Nanshan
Address
                                        District, Shenzhen, PRC                     District, Shenzhen, PRC
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


(II) Financial Highlights

1. Main accounting data and indices

If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No



                                                                                                                            1
China Fangda Group Co., Ltd.                                                                             Interim Report 2012 Summary



                                                  Ended this report term        Ended previous year               Changed by (%)
Gross Assets (RMB)                                       2,292,616,746.16              2,163,325,598.14                           5.98%
Owners’ equity attributable to the
                                                         1,086,484,073.68              1,073,843,444.65                           1.18%
shareholders of the listed company (yuan)
Capital shares (shares)                                         756,909,905                    756,909,905
Net asset per share attributable to the
shareholders of the listed company                                     1.44                           1.42                        1.41%
(Yuan/share)
Liability on asset ratio (%)                                        49.67%                         46.75%                         2.92%
                                                                                                              Increase/decrease    over
                                                  Report term (Jan-Jun)        Same period last year
                                                                                                             same period of last year(%)
Turnover (yuan)                                              529,289,597.8               579,154,393.68                          -8.61%
Business profit (RMB)                                          7,090,002.99               49,812,610.64                         -85.77%
Gross profit (RMB)                                             9,824,692.28               54,684,537.33                         -82.03%
Net profit attributable to shareholders of
                                                               12,643,297.4               46,094,698.26                         -72.57%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting                      5,980,785.25               38,385,493.61                         -84.42%
of non-recurring gain/loss(RMB)
Basic earnings per share (Yuan/share)                                  0.02                           0.06                      -66.67%
Diluted earnings per share (Yuan/share)                                0.02                           0.06                       66.67%
Weighted average net
                                                                     1.17%                          4.46%                        -3.29%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring                                0.55%                          3.72%                        -3.17%
gain/loss(%)
Net Cash flow generated by business
                                                             -68,069,752.93              -12,160,290.48                        459.77%
operation (RMB)
Net Cash flow per share generated by
                                                                      -0.09                          -0.02
business operation (yuan/share)
Statement on the accounting data and financial indicies at end of report term. (Please state if retrospective adjustment was made.)



2. Non-recurring profit/loss items

[V] Applicable [] Not applicable
                                                                Amount from the beginning
              Non-recurring gain and loss items                 of year to the end of report                   Remarks
                                                                       period RMB
Gain/loss of non-current assets                                                 -134,241.19
Tax refunding or exemption without official certification or
exceeded authority
Gains and losses included in the current period of
government subsidies, excluding those government grants
which are closely related to normal business and in line with                      703,700
national policy , or in accordance with fixed standards or
quantities
Capital adoption fee collected from non-financial
                                                                              1,061,386.08
organizations and accounted into current gain/loss
Gain/loss from differences between the cost of enterprise
merger and the fair value of recognizable net asset of the
invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets



                                                                                                                                           2
China Fangda Group Co., Ltd.                                                                                  Interim Report 2012 Summary



Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee
placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control
from beginning of term till date of consolidation
Gain/loss generated by contingent liabilities without
connection with main businesses
Gain/loss from change of fair value of transactional asset
and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable
financial assets, other than valid period value instruments
related to the Company’s common businesses
Restoring of receivable account impairment provision tested
individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property
                                                                                 5,936,670.15
measured at fair value in follow-up measurement
Influence of one-time adjustment made on current gain/loss
account according to the laws and regulations regarding tax
and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the
                                                                                   1,103,844.4
above
Other gain/loss items satisfying the definition of
non-recurring gain/loss account
Influenced amount of minority shareholders’ equity                                -42,583.05
Influenced amount of income tax                                                 -1,966,264.24


Total                                                                            6,662,512.15                         --


3. Differences in net profit and net asset under domestic and international accounting standards

[V] 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               Previous term                At end of term       At beginning of term
On Chinese Accounting
                                              12,643,297.4              46,094,698.26             1,086,484,073.68         1,073,843,444.65
Standard
Items and amounts adjusted on IAS
Capitalizing of borrowing
                                                           0                             0            4,763,398.24            4,763,398.24
expenses
Under International
                                              12,643,297.4              46,094,698.26             1,091,447,471.62         1,078,606,842.89
Accounting Standard


4. Differences in net profit and net asset under domestic and overseas accounting standards

[] Applicable; [V] Not applicable




                                                                                                                                              3
China Fangda Group Co., Ltd.                                                                                 Interim Report 2012 Summary



           III. Particulars About the Capital Share and Shareholders


(I) Statement of Change in Capital Share

[] Applicable; [V] Not applicable


(II) Top 10 shareholders and top 10 holders of un-restricted / current shares

Top 10 shareholders and top 10 holders of un-restricted shares
Total of shareholders                                                                                                                73,317
Top Ten Shareholders
                                                        Share                                                    Frozen or pledged
                                    Properties of                                      Conditional
  Full name of shareholder                            proportio     Total shares
                                    shareholder                                          shares          Status of shares      Amount
                                                         n%
         Shenzhen Banglin
                           Public legal person
 Technologies Development                                9.09%           68,774,273                  0
                                        shares
                 Co., Ltd.
     Liaoning Fangda Group Public legal person
                                                         4.06%           30,765,226                  0
           Industry Co., Ltd.           shares
   Shengjiu Investment Ltd.          Foreign shares      2.82%           21,339,867                  0
           Shenzhen Shilihe Public legal person
                                                         2.36%           17,860,992                  0
        Investment Co., Ltd.             shares
               Wang Shaolin                  Others      2.22%           16,800,000                  0       Pledge             16,800,000
                   Cao Yifan                 Others      0.44%            3,337,465                  0
                Chen Lihong                  Others        0.3%           2,305,365                  0
                   Zhen Fan                  Others      0.27%            2,022,263                  0
               Chen Binblin                  Others      0.24%            1,814,773                  0
 China Merchants Securities
                            State-owned shares           0.23%            1,754,465                  0
          Hong Kong Ltd.
Top 10 holders of unconditional shares
                                                        Amount of shares without             Categories and amounts of shares
            Name of the shareholder
                                                         trade limited conditions      Categories                     Amount
   Shenzhen Banglin Technologies Development
                                                                         68,774,273     A shares                                68,774,273
                                    Co., Ltd.
      Liaoning Fangda Group Industry Co., Ltd.                           30,765,226     A shares                                30,765,226
                        Shengjiu Investment Ltd.                         21,339,867     B shares                                21,339,867
          Shenzhen Shilihe Investment Co., Ltd.                          17,860,992     A shares                                17,860,992
                                      Wang Shaolin                       16,800,000     A shares                                16,800,000
                                          Cao Yifan                       3,337,465     B shares                                 3,337,465
                                       Chen Lihong                        2,305,365     B shares                                 2,305,365
                                          Zhen Fan                        2,022,263     B shares                                 2,022,263
                                      Chen Binblin                        1,814,773     A shares                                 1,814,773
    China Merchants Securities Hong Kong Ltd.                             1,754,465     B shares                                 1,754,465
                                                      Among the top 10 shareholders, Shenzhen Banglin Technology Development Co.,
                                                      Ltd. and Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen
Statement of relationships and (or)
                                                      Banglin Technology Development Co., Ltd. and Shenzhen Shilihe Investment
action-in-concert among above shareholders:
                                                      Co., Ltd. are related parties. No other action-in-concert or related parties among
                                                      the other holders of current shares.




                                                                                                                                              4
China Fangda Group Co., Ltd.                                                                                Interim Report 2012 Summary



(III) Change of controlling shareholder and substantial controller

[] Applicable; [V] Not applicable


            IV. Particulars about the Directors, Supervisors, and Senior

                                                         Management


(I) Change of shareholding by directors, supervisors, and executives

                                   Shares                         Shares                        Incl. Amount Share options
                                                   Shares                       Shares held
                                holding at the                  decreased                          of shares  held at the      Cause of
  Name          Position                       increased this                   at the end of
                                beginning of                    this term                           under     end of term       change
                                               term (shares)                         term
                                term (shares)                    (shares)                         restriction   (shares)
   Xiong       Chairman,
                                  102,971            0                      0        102,971          77,228                 Unchanged
 Jianming      president
  Wang       Director, Vice
                                    36,286           0                      0         36,286          27,214                 Unchanged
Shengguo       president
   Xiong
                Director              0              0                      0               0
  Jianwei
                Director,
  Zhou
             Secretary of the         0              0                      0               0
 Zhigang
                 Board
  Shao        Independent
                                      0              0                      0               0
 Hanqing        Director
    Guo       Independent
                                      0              0                      0               0
  Jinlong       Director
  Huang       Independent
                                      0              0                      0               0
  Yaying        Director
              Host of the
  Zheng
              Supervisory             0              0                      0               0
   Hua
              Committee
Yu Guoan       Supervisor             0              0                      0               0
Cao Naisi      Supervisor             0              0                      0               0
  Yang
          Vice President              0              0                      0               0
Xiaozhuan
             Vice president
Lin Kebin                             0              0                      0               0
               and CFO
   Wei
             Vice President           0              0                      0               0
 Yuexing




                                                                                                                                          5
China Fangda Group Co., Ltd.                                                                             Interim Report 2012 Summary



                                             V. Report of the Board




(I) Main business segment in industries and products

                                                                                                                         In RMB Yuan
                                                         Segments on industries
                                                                                                  Increase/decrease Increase/decrease
                                                                                Increase/decrease
                                                                                                   of operation cost of gross profit
                                                              Gross profit       of turnover over
  On Industries          Turnover       Operation cost                                              over the same      ratio over the
                                                                ratio %          the same period
                                                                                                  period of last year same period of
                                                                                 of last year (%)
                                                                                                         (%)           last year (%)
Metal production       471,976,293.23    379,891,380.74              19.51%               -2.73%            -2.34%              -0.32%
Railroad industry       33,746,387.12     26,730,948.12              20.79%              -46.88%           -50.11%              5.13%
                                                         Segements on products
                                                                                                  Increase/decrease Increase/decrease
                                                                                Increase/decrease
                                                                                                   of operation cost of gross profit
                                                              Gross profit       of turnover over
   On Products           Turnover       Operation cost                                              over the same      ratio over the
                                                                ratio %          the same period
                                                                                                  period of last year same period of
                                                                                 of last year (%)
                                                                                                         (%)           last year (%)
Curtain wall and
                       471,976,293.23    379,891,380.74              19.51%               -2.73%            -2.34%              -0.32%
material
Rail
transportation          33,746,387.12     26,730,948.12              20.79%              -46.88%           -50.11%              5.13%
equipment
Statement of significant change of gross profit over the same period of previous year



(II) Main business segment on regions

                                                                                                                         In RMB Yuan
                    Regions                                    Turnover                            Change of turnover YoY (%)
Domestic                                                                     493,071,807.85                                     0.02%
Overseas                                                                      14,399,425.48                                  -77.23%


(III) Statement on material change in main business composision

[] Applicable; [V] Not applicable

(IV) Statement on material change in main business profitability (gross profit)

[] Applicable; [V] Not applicable

(V) Analyze of major changes on profit composition comparing with the same period of last
year

[V] Applicable [] Not applicable
     Asset impairment loss has increased by RMB21.5644 million, that was caused by providing of asset
impairment losses on Shenyang Fangda which was closed up.


                                                                                                                                         6
China Fangda Group Co., Ltd.                                                                                Interim Report 2012 Summary




(VI) Usage of financing proceeds

1. Comparison of usage of financing proceeds

[V] Applicable [] Not applicable
                                                                                                                       In RMB10 thousand
Total of proceeds                                                     33,658.69 Total of
                                                                                proceeds
                                                                                put into
Total of proceeds changed to other use in the                                   investme                                          8,500.18
                                                                              0 nt in the
report term
                                                                                report
                                                                                term
Accumulated proceeds changed to other use                                    0 Total of
% of accumulated proceeds changed to other                                     proceeds                                           24,399.7
                                                                            0% invested
use
                           If                                             Investme
                                                                                      Date
                       investme      Total of                   Accumul       nt
                                                Total   Amount                      when the
                       nt project   proceeds                       ated    progress                                Major
Project promised to be                        investme invested                      project Gains in
                       changed        to be                     investme at end of                      Gains as change in
   invested by the                             nt after   this                       become the report
                       (includin    invested                    nt at end report                       expected? feasibility
       proceeds                               adjustme report                        useable   term
                           g            as                      of report term(%)(                                    ?
                                                  nt     term                          as
                        partially   proposed                     term (2)    3)=
                                                                                    proposed
                        change)                                             (2)/(1)
Project set by the
prospectus
Energy-saving curtain
wall and PV curtain                                                                         Sept. 30,
                      No              21,000     27,000 6,366.71 19,634.06         72.72%                        0 No         No
wall production                                                                             2012
expanding project
Expanding of PSD                                                                            Sept. 30,
                        No          12,658.69 6,658.69 2,133.47 4,765.64           71.57%                        0 No         No
project                                                                                     2012
Subtotal of investment
                       -            33,658.69 33,658.69 8,500.18 24,399.7 -                 -                    0-           -
promised
Investment project of
premium surplus


Repaying of bank loans
                       -                                                                    -           -          -          -
(if any)
Used as current capital
                        -                                                                   -           -          -          -
(if any)
Subtotal of premium
                        -                   0          0          0           0-            -                    0-           -
proceeds
Total                   -           33,658.69 33,658.69 8,500.18 24,399.7 -                 -                    0-           -
                              For the energy saving curtain wall and PV curtain wall projects were moved to Dongguan, it caused
                         much preparation work, therefore it was delayed.
                              For the PSD production expanding project is located in Nanchang, as adopted by the 1st provisional
Reason or situation that shareholders’ meeting 2012 held on March 9, 2012, the project will use a current factory, which is located
not on schedule (on      in Fangda Jiangxi New Material Garden, as production site, therefore the investment in construction of
specific project)        factory buildings and infrastructures is expected to be reduced by RMB60 million. The saved capital will
                         be transferred to the energy saving and PV curtain wall projects.
                              Progress was delayed for change of the plan. Both of the projects are expected to be put into operation
                         on September 30, 2012.
Statement on major
                        None
change in feasibility



                                                                                                                                             7
China Fangda Group Co., Ltd.                                                                                  Interim Report 2012 Summary



Amount, usage and          [] Applicable; [V] Not applicable
progress of premium
surplus
                           [V] Applicable [] Not applicable
                           [] Occurred in the report period [V] Occurred in previous years
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.
                           [] Applicable; [V] Not applicable
Adjustment on
implementation of          [] Occurred this period; [ ] Occurred privious period
project invested

                           [V] Applicable [] Not applicable
Pre-investment and
replacement by             On September 30, 2010, it was decided to use the raised capital of RMB4,347,753.09 to replace the
proceeds                   investment made previously by Fangda Automatic RMB1,403,503.00 and Fangda Decoration
                           RMB2,944,250.09. This has been verified by CPA with report 天健正信审(2010)专字第 020722 号.
                           [V] Applicable [] Not 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      [] Applicable; [V] Not applicable
and causation
Application plan of
retained fund from         Energy-saving curtain wall and PV curtain wall production expanding project
financing
                        The proposal of revising the amount of proceeds from financing was adopted at the 1st provisional
Problem or situation in shareholders’ meeting 2012 held on March 9, 2012. It was decided to transfer the RMB60 million of
using of proceeds and proceeds scheduled originally for PSD expanding project over to the energy-saving and PV curtain wall
disclosing              project. Upon this adjustment, the total investment on the energy-saving and PV curtain wall project is
                        RMB270 million, and the investment on PSD expanding project is RMB66.5869 million.


2. Statement on change of projects invested with financing proceeds

[] Applicable; [V] Not applicable


(VII) Revising of business plan for the 2nd half of year by the Board

[] Applicable; [V] Not applicable


(VIII) Prediction of business performance in Jan-Sept 2012

Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
[V] Applicable [] Not applicable
Type of data filled for the prediction
[] Actual figures, [v] Interval figures
                                  From the beginning of year to       Same period
                                                                                                          Changed by (%)
                                   the end of next report period        last year
Predicted number of
                                                                                     -- [] increase [v]
accumulative net profit                  1,600 --          2,600             5,305                               51.99% --       69.84%
                                                                                     decrease
(RMB0,000)
Basic earnings per share                                                             -- [] increase [v]
                                          0.02 --              0.03           0.07                               57.14% --       71.43%
(Yuan/share)                                                                         decrease
Remarks on the prediction         It is caused by providing of asset impairment of Shenyang Fangda, which was closed up.




                                                                                                                                          8
China Fangda Group Co., Ltd.                                                                      Interim Report 2012 Summary



(IX) Statement of the Board on the “non-standard auditors’ report” issued by the CPA on the
current report period

[] Applicable; [V] Not applicable


(X) Statement of the Board on the variation and treatment of events that involved in the
“non-standard auditors’ report” issued by the CPA on previous fiscal year

[] Applicable; [V] Not applicable


                                            VI. Significant Events


(I) Acquisition, dispsal, or reconstruction of assets

1. Acquisition of assets

[] Applicable; [V] Not applicable
Statement on acquisition of assets.



2. Disposal of assets

[] Applicable; [V] Not applicable
Statement on disposal of assets.



3. Since releasing of capital reconstruction report or asset acquisition or disposal report, their progress and
influences on the business performance and financial positions.

[] Applicable; [V] Not applicable


(II) Guarantee issues

[V] Applicable [] Not applicable
                                                                                                           In RMB10 thousand
                                      External Guarantee (Exclude controlled subsidiaries)
                    Amount of              Actual date of
                                Amount of                                                                          Related
 Guarantee provided guarantee                 occurring    Actual amount           Type of               Complete
                                   the                                                           Term              party or
         to         and date of           (signing date of of guarantee           guarantee               d or not
                                guarantee                                                                            not
                    disclosure               agreements


                                                               Total of external guarantee
Total of external guarantee
                                                             0 actually occurred in the report                            0
approved in the report term (A1)
                                                               term (A2)
Total of external guarantee                                    Total of external guarantee
approved as of end of report term                            0 actually occurred as of end of                             0
(A3)                                                           report term (A4)
                                         Guarantee provided to controlled subsidiaries

 Guarantee provided Amount of Amount of Actual date of Actual amount               Type of               Complete Related
                     guarantee             occurring                                             Term
         to                     the                      of guarantee             guarantee               d or not party or
                    and date of         (signing date of



                                                                                                                              9
China Fangda Group Co., Ltd.                                                                             Interim Report 2012 Summary



                        disclosure   guarantee      agreements                                                                 not
                                                                                                    since engage
                                                                                                    of contract
                      Mar 25,
Fangda Decoration                        30,000 July 11 2011            29,789.47 Guaranteed        to 2 years   No       No
                      2011
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
                      Mar 10,
Fangda Decoration                        12,000 May 24, 2012                7,920 Guaranteed        to 2 years   No       No
                      2012
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
                      May 11,
Fangda Decoration                        15,000 Jun 21, 2012               1,117.8 Guaranteed       to 2 years   No       No
                      2012
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
                      Mar 25,
Fangda Automatic                         25,000 July 11 2011             4,642.79 Guaranteed        to 2 years   No       No
                      2011
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
                      Mar 25,
Fangda Automatic                          6,000 Dec 20, 2011             3,171.48 Guaranteed        to 2 years   No       No
                      2011
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
                      Aug 19,
Fangda Automatic                       1,651.87 Sept 29 2010             1,651.87 Guaranteed        to 2 years   No       No
                      2010
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
Fangda New            Mar 10,
                                          5,800 Jun 6 2012               4,206.62 Guaranteed        to 2 years   No       No
Material              2012
                                                                                                    upon due of
                                                                                                    debt
                                                                                                    since engage
                                                                                                    of contract
Fangda New            Mar 04,                     October 30
                                          3,500                             3,500 Guaranteed        to 2 years   No       No
Material              2011                        2011
                                                                                                    upon due of
                                                                                                    debt
                                                                 Total of guarantee to
Total of guarantee to subsidiaries
                                                         144,300 subsidiaries actually occurred                           30,033.61
approved in the report term (B1)
                                                                 in the report term (B2)
                                                                 Total of balance of guarantee
Total of guarantee to subsidiaries
                                                                 actually provided to the
approved as of the report term                           144,300                                                          56,000.04
                                                                 subsidiaries as of end of report
(B3)
                                                                 term (B4)
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the                                 Total of guarantee occurred in
                                                         144,300                                                          30,033.61
report term (A1+B1)                                                the report term (A2+B2)
Total of guarantee approved as of                                  Total of guarantee occurred as
                                                         144,300                                                          56,000.04
end of report term (A3+B3)                                         of the end of report term
Percentage of the total guarantee occurred (A4+B4) on net asset
                                                                                                                            52.15%
of the Company
In which:
Guarantees provided to the shareholders, substantial controllers
                                                                                                                                     0
and the related parties (C)
Guarantee provided directly or indirectly to objects with over                                                                       0




                                                                                                                                     10
China Fangda Group Co., Ltd.                                                                            Interim Report 2012 Summary



70% of liability on asset ratio (D)
Amount of guarantee over 50% of the net asset (E)                                                                            2,307.87
Total of the above 3 * (C+D+E)                                                                                               2,307.87
Statement on the possible joint liabilities on the guarantees not
                                                                     None
due yet
Remarks on illegal providing of external guarantee                   None


(III) Non-operational capital interchange with related parties

[] Applicable; [V] Not applicable


(IV) Material lawsuit or arbitration

[] Applicable; [V] Not applicable


(V) Influence and resolutions of other material events

[] Applicable; [V] Not applicable


1. Securities investment

[] Applicable; [V] Not applicable
Statement on securities investment



2. Holding of other PLC’s shares

[V] Applicable [] Not applicable
                                                                                     Change of
                                 Original Share portion Book value at Gain/loss in     owners’
                                                                                                  Accounting              Source of
 Stock Code       Stock ID     investment    in the     end of period report period equity in the
                                                                                                   subject                 shares
                               cost (RMB) investee %       (RMB)         (RMB)      report period
                                                                                       (RMB)
                                                                                                        Available-for
               ST                                                                                       -sale         Debt paid in
600800         Magnetic             4,850,000        0.11%          2,072,000           0       -94,500
                                                                                                        financial     kind
               Card                                                                                     asset
Total                               4,850,000       --              2,072,000           0       -94,500        --             --
Statement on holding of other PLC’s shares.



3. Capital appropriation and progress of settlement in report period

[] Applicable; [V] Not applicable
The penalty plan proposed by the Board if the clearing of non-operational capital appropriation is not completed till the end of report
period.
[] Applicable; [V] Not applicable


4 Fulfilling of commitment issues

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; [V] Not applicable
5. Profit distribution or capitalizing of reserves proposed by the Board



                                                                                                                                      11
China Fangda Group Co., Ltd.                                                                                 Interim Report 2012 Summary


[] Applicable; [V] Not applicable


6. Other misc income accounts

                                                                                                                             In RMB Yuan
                                    Items                                          Occurred current term        Occurred in previous term
1. Amount of gain (loss) from sellable financial assets                                            -126,000                       -35,000
Less: Income tax influence of available-for-sale financial assets                                   -31,500                        -8,400
Net amount written into other gains and transferred into gain/loss in
previous terms
Sub-total                                                                                           -94,500                       -26,600
2. Share in other misc. income of the invested company on equity basis
Less: Income tax influence of shares in other gains of investees on
equity basis
Net amount written into other gains and transferred into gain/loss in
previous terms
Sub-total
3. Amount of gain (loss) from cash flow hedging instruments
Less: Income tax influence of cash flow hedge instruments
Net amount written into other gains and transferred into gain/loss in
previous terms
Adjusted amount transferred to initial amount of the target project
Sub-total
4. Difference in translating of foreign currency accounts
Less: Net amount of disposing overseas business and transferred to
current gain/loss
Sub-total
5. Others                                                                                         91,831.63
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                                                                                         91,831.63
Total                                                                                              -2,668.37                      -26,600


(VI) Reception of visiting, investigating, and communicating requests in the report term were
as the followings

                                                                                                                  Main content involved
        Time/date              Place                 Way                Type of visitors          Visitors
                                                                                                                  and material provided
                                             Telephone                                                          Business operation and
Jan 1 to Jun 30, 2012 Off site reception                              Individual              Public investor
                                             communication                                                      future development



                                               VII. Financial Report


(I) Auditors’ opinions

If the Interim Report is audited



                                                                                                                                          12
China Fangda Group Co., Ltd.                                           Interim Report 2012 Summary


[] Yes [V] No


(II) Financial Statements

Consolidated or not?
[V] Yes [] No


1. Consolidated Balance Sheet

Prepared by China Fangda Group Co., Ltd.
                                                                                             In RMB
                                      Items          Note   Closing balance       Openning balance
  Current asset:
    Monetary capital                                           332,471,292.44         324,780,350.77
    Settlement provision
    Outgoing call loan
    Transactional financial assets                                            0                      0
    Notes receivable                                                  600,000           6,303,353.88
    Account receivable                                         719,969,187.64         664,333,498.11
    Prepayment                                                   25,967,125.4          25,444,369.81
    Insurance receivable
    Reinsurance receivable
    Provisions of Reinsurance contracts receivable
    Interest receivable                                            156,849.92             201,961.11
    Dividend receivable
    Other account receivable                                    67,353,960.25          53,412,523.94
    Repurchasing of financial assets
    Inventories                                                249,906,875.11         254,419,907.08
    Non-current asset due in 1 year
    Other current asset                                                       0                      0
  Total of current asset                                     1,396,425,290.76         1,328,895,964.7
  Non-current assets
    Disburse of consigned loans
    Available-for-sale financial asset                              2,072,000              2,198,000
    Expired investment in possess
    Long-term receivable
    Long-term share equity investment
    Investment real estates                                    274,741,613.47         277,705,949.35
    Fixed assets                                               306,233,660.54         316,775,398.58
    Construction in process                                    160,839,136.23          81,799,896.43
    Engineering goods
    Fixed asset disposal                                             24,597.9
    Production physical assets
    Gas & petrol
    Intangible assets                                          108,032,516.19         110,599,955.27
    R&D expense                                                    911,533.63             914,683.63
    Goodwill                                                     8,197,817.29           8,197,817.29
    Long-term amortizable expenses                               2,410,929.95             2,600,195.3



                                                                                                     13
China Fangda Group Co., Ltd.                             Interim Report 2012 Summary



    Differed income tax asset                      32,727,650.2        33,637,737.59
    Other non-current asset
  Total of non-current assets                     896,191,455.4       834,429,633.44
  Total of assets                               2,292,616,746.16    2,163,325,598.14
  Current liabilities
    Short-term loans                                515,500,000          387,000,000
    Loan from Central Bank
    Deposit received and hold for others
    Call loan received
    Trade off financial liabilities
    Notes payable                                 67,030,164.23        39,058,058.47
    Account payable                              323,220,777.67       324,340,008.15
    Prepayment received                          115,360,697.22       124,950,664.78
    Selling of repurchased financial assets
    Fees and commissions receivable
    Employees’ wage payable                      11,230,262.98        20,432,966.02
    Tax payable                                    29,150,341.5        41,002,265.87
    Interest payable                                    699,982           780,979.73
    Dividend payable
    Other account payable                         37,867,880.14        36,783,207.38
    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                    1,100,060,105.74       974,348,150.4
  Non-current liabilities
    Long-term borrowings
    Bond payable
    Long-term payable                                    11,200               14,700
    Special payable
    Anticipated liabilities                            93,130.9              288,000
    Differed income tax liability                 34,565,632.07        32,597,637.16
    Other non-recurring liabilities                   3,915,000            4,020,000
  Total of non-current liabilities                38,584,962.97        36,920,337.16
  Total of liability                            1,138,645,068.71    1,011,268,487.56
  Owners’ equity (or shareholders’ equity)
    Capital paid in (or share capital)              756,909,905          756,909,905
    Capital reserves                              80,476,825.55        80,479,493.92
    Less: Shares in stock
    Special reserves
    Surplus reserves                              24,676,077.16        24,676,077.16
    Common risk provision
    Retained profit                              224,421,265.97       211,777,968.57
    Different of foreign currency translation




                                                                                 14
China Fangda Group Co., Ltd.                                                                     Interim Report 2012 Summary



Total of owner’s equity belong to the parent company                                1,086,484,073.68        1,073,843,444.65
     Minor shareholders’ equity                                                        67,487,603.77           78,213,665.93
Total of owners’ equity (or shareholders’ equity)                                  1,153,971,677.45        1,152,057,110.58
Total of liability and shareholders’ equity (or owners’ equity)                    2,292,616,746.16        2,163,325,598.14


Legal representative: Xiong Jianming      CFO: Lin Kebing Accounting Manager: Chen Yonggang


2. Balance Sheet of the Parent Company

                                                                                                                     In RMB
                                       Items                                Note    Closing balance        Openning balance
  Current asset:
     Monetary capital                                                                   18,544,963.54            24,587,261.8
     Transactional financial assets
     Notes receivable
     Account receivable                                                                  5,519,788.05             5,603,561.8
     Prepayment                                                                                   4,405              122,369
     Interest receivable
     Dividend receivable                                                                      57,338,200           57,338,200
     Other account receivable                                                          240,766,931.37          265,169,612.63
     Inventories
     Non-current asset due in 1 year
     Other current asset
  Total of current asset                                                               322,174,287.96          352,821,005.23
  Non-current assets
     Available-for-sale financial asset                                                        2,072,000            2,198,000
     Expired investment in possess
     Long-term receivable
     Long-term share equity investment                                                 659,733,745.58          659,733,745.58
     Investment real estates                                                           268,550,870.47          271,841,967.35
     Fixed assets                                                                        67,207,314.6           57,299,884.44
     Construction in process                                                                  929,884.24           298,019.24
     Engineering goods
     Fixed asset disposal
     Production physical assets
     Gas & petrol
     Intangible assets                                                                   9,649,835.57            9,910,673.85
     R&D expense
     Goodwill
     Long-term amortizable expenses
     Differed income tax asset                                                          13,816,226.33           14,415,297.03
     Other non-current asset
  Total of non-current assets                                                        1,021,959,876.79        1,015,697,587.49
  Total of assets                                                                    1,344,134,164.75        1,368,518,592.72
  Current liabilities
     Short-term loans                                                                     210,000,000             210,000,000
     Trade off financial liabilities



                                                                                                                          15
China Fangda Group Co., Ltd.                                                                         Interim Report 2012 Summary



     Notes payable
     Account payable                                                                        1,851,490.36            1,851,490.36
     Prepayment received                                                                       693,045.6               693,045.6
     Employees’ wage payable                                                                 566,563.17            1,251,357.38
     Tax payable                                                                              664,839.44              655,031.17
     Interest payable                                                                            401,800                 441,980
     Dividend payable                                                                                                 655,031.17
     Other account payable                                                                 34,131,547.35           66,697,963.87
     Non-current liability due in 1 year
     Other current liability                                                                                       66,697,963.87
  Total of current liability                                                              248,309,285.92          281,590,868.38
  Non-current liabilities
     Long-term borrowings
     Bond payable
     Long-term payable
     Special payable
     Anticipated liabilities
     Differed income tax liability                                                         34,105,345.16            32,186,364.4
     Other non-recurring liabilities
  Total of non-current liabilities                                                         34,105,345.16            32,186,364.4
  Total of liability                                                                      282,414,631.08          313,777,232.78
  Owners’ equity (or shareholders’ equity)
     Capital paid in (or share capital)                                                      756,909,905             756,909,905
     Capital reserves                                                                      41,076,170.17           41,078,838.54
     Less: Shares in stock
     Special reserves
     Surplus reserves                                                                      24,676,077.16           24,676,077.16
     Retained profit                                                                      239,057,381.34          232,076,539.24
     Different of foreign currency translation
  Total of owners’ equity (or shareholders’ equity)                                   1,061,719,533.67        1,054,741,359.94
  Total of liability and shareholders’ equity (or owners’ equity)                     1,344,134,164.75        1,368,518,592.72


3. Consolidated Income Statement

                                                                                                                         In RMB
                                                                             Amount of the Current       Amount of the Previous
                                     Items                            Note
                                                                                    Term                        Term
I. Total revenue                                                                      529,289,597.8               579,154,393.68
     Incl. Business income                                                            529,289,597.8               579,154,393.68
             Interest income
             Insurance fee earned
             Fee and commission received
II. Total business cost                                                              528,136,264.96               534,439,453.17
     Incl. Business cost                                                             418,086,030.44               460,275,267.38
             Interest expense
             Fee and commission paid
             Insurance discharge payment



                                                                                                                              16
China Fangda Group Co., Ltd.                                                                              Interim Report 2012 Summary



              Net claim amount paid
              Net insurance policy reserves provided
              Insurance policy dividend paid
              Reinsurance expenses
              Business tax and surcharge                                                     9,750,997.72                   8,780,225.31
              Sales expense                                                                 15,164,029.76               14,037,722.42
              Administrative expense                                                        55,896,227.34               46,225,304.98
              Financial expenses                                                            11,361,459.25                   8,807,786.28
              Asset impairment loss                                                         17,877,520.45                   -3,686,853.2
     Plus: gains from change of fair value (“-“ for loss)                                  5,936,670.15                   5,082,327.66
              Investment gains (“-“ for loss)                                                           0                   15,342.47
              Incl. Investment gains from affiliates
              Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss)                                                     7,090,002.99               49,812,610.64
     Plus: non-operational income                                                                3,154,994.5                5,461,800.64
     Less: non-operational expenditure                                                           420,305.21                  589,873.95
              Incl. Loss from disposal of non-current assets                                     134,421.19                  247,866.36
IV. Gross profit (“-“ for loss)                                                            9,824,692.28               54,684,537.33
     Less: Income tax expenses                                                               7,907,457.04               10,564,437.14
V. Net profit (“-“ for net loss)                                                           1,917,235.24               44,120,100.19
     Including: Net profit realized by the entity taken over before the
                                                                                                          0                            0
takover
     Net profit attributable to the owners of parent company                                 12,643,297.4               46,094,698.26
     Minor shareholders’ equity                                                           -10,726,062.16               -1,974,598.07
VI. Earnings per share:                                                                     --                         --
     (I) Basic earnings per share                                                                       0.02                        0.06
     (II) Diluted earnings per share                                                                    0.02                        0.06
VII. Other misc. incomes                                                                           -2,668.37                    -26,600
VIII. Total of misc. incomes                                                                 1,914,566.87               44,093,500.19
    Total of misc. incomes attributable to the owners of the parent
                                                                                            12,640,629.03               46,068,098.26
company
     Total misc gains attributable to the minor shareholders                               -10,726,062.16               -1,974,598.07
Net profit contributed by entities merged under common control in the report period was RMB0.

Legal representative: Xiong Jianming        CFO: Lin Kebing Accounting Manager: Chen Yonggang

4. Income Statement of the Parent Co.

                                                                                                                                In RMB
                                Items                           Note      Amount of the Current Term     Amount of the Previous Term
I. Turnover                                                                             22,293,459.72                   20,049,926.08
     Less: Operation cost                                                                4,730,478.42                       5,151,318.51
           Business tax and surcharge                                                    1,801,110.33                       1,197,342.53
           Sales expense                                                                   -15,831.98                        251,166.98
           Administrative expense                                                        9,113,577.56                       9,792,692.82
           Financial expenses                                                            3,474,277.89                       1,922,691.95
           Asset impairment loss                                                           122,857.23                       -802,130.54
     Plus: gains from change of fair value (“-“ for loss)                              5,609,909.15                       4,547,127.66



                                                                                                                                     17
China Fangda Group Co., Ltd.                                                                       Interim Report 2012 Summary



           Investment gains (“-“ for loss)                                                  0                                  0
           Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss)                                             8,676,899.42                      7,083,971.49
     Plus: Non business income                                                       910,170.78                        461,369.27
     Less: Non-business expenses                                                      56,676.64                        430,763.39
           Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss)                                                  9,530,393.56                      7,114,577.37
     Less: Income tax expenses                                                      2,549,551.46                      1,639,557.29
IV. Net profit (“-“ for net loss)                                                  6,980,842.1                      5,475,020.08
V. Earnings per share                                                          --                              --
     (I) Basic earnings per share
     (II) Diluted earnings per share
VI. Other misc gains                                                                   -2,668.37                           -26,600
VII. Total of integrated income                                                     6,978,173.73                      5,448,420.08


5. Consolidated Cash Flow Statement

                                                                                                                          In RMB
                                                                              Amount of the Current     Amount of the Previous
                                          Items
                                                                                     Term                      Term
I. Net cash flow from business operation
     Cash received from sales of products and providing of services                    488,949,208.73                572,717,719.7
     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                                                                        1,171,203.29                 2,196,998.64
     Other cash received from business operation                                        31,104,199.38                34,846,329.66
Sub-total of cash inflow from business activities                                       521,224,611.4                 609,761,048
     Cash paid for purchasing of merchandise and services                              415,468,117.93               483,715,194.88
     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                                             59,680,101.99                44,761,059.84
     Taxes paid                                                                         43,842,326.44                30,109,619.02
     Other cash paid for business activities                                            70,303,817.97                63,335,464.74
Sub-total of cash outflow from business activities                                     589,294,364.33               621,921,338.48
Cash flow generated by business operation, net                                         -68,069,752.93               -12,160,290.48
II. Cash flow generated by investing




                                                                                                                               18
China Fangda Group Co., Ltd.                                                                        Interim Report 2012 Summary



     Cash received from investment retrieving
     Cash received as investment profit                                                                                  15,342.47
     Net cash retrieved from disposal of fixed assets, intangible assets, and
                                                                                              1,098,900                      9,372
other long-term assets
     Net cash received from disposal of subsidiaries or other operational units
     Other investment-related cash received                                                 2,180,644.64
Sub-total of cash inflow due to investment activities                                       3,279,544.64                 24,714.47
     Cash paid for construction of fixed assets, intangible assets and other
                                                                                          47,681,003.19               16,693,359.7
long-term assets
     Cash paid as investment
     Net increase of loan against pledge
     Net cash received from subsidiaries and other operational units
     Other cash paid for investment activities                                                  887,100
Sub-total of cash outflow due to investment activities                                    48,568,103.19               16,693,359.7
Net cash flow generated by investment                                                     -45,288,558.55            -16,668,645.23
III. Cash flow generated by financing
     Cash received as investment
     Incl. Cash received as investment from minor shareholders
     Cash received as loans                                                                 359,500,000                90,000,000
     Cash received from bond placing
     Other financing-related cash received
Subtotal of cash inflow from financing activities                                           359,500,000                90,000,000
     Cash to repay debts                                                                    231,000,000               104,000,000
     Cash paid as dividend, profit, or interests                                          14,395,048.68             10,220,855.72
     Incl. Dividend and profit paid by subsidiaries to minor shareholders
     Other cash paid for financing activities                                                15,150,000                 111,983.72
Subtotal of cash outflow due to financing activities                                     260,545,048.68            114,332,839.44
Net cash flow generated by financing                                                      98,954,951.32             -24,332,839.44
IV. Influence of exchange rate alternation on cash and cash equivalents                         7,703.27                 -7,826.45
V. Net increase of cash and cash equivalents                                              -14,395,656.89             -53,169,601.6
     Plus: Balance of cash and cash equivalents at the beginning of term                 300,177,008.78            468,878,715.15
VI. Balance of cash and cash equivalents at the end of term                              285,781,351.89            415,709,113.55


6. Cash Flow Statement of the Parent Co.

                                                                                                                          In RMB
                                                                                  Amount of the Current    Amount of the Previous
                                       Items
                                                                                         Term                     Term
I. Net cash flow from business operation
     Cash received from sales of products and providing of services                        17,684,620.78            20,736,668.55
     Tax returned
     Other cash received from business operation                                            4,122,888.12              1,088,056.36
Sub-total of cash inflow from business activities                                           21,807,508.9            21,824,724.91
     Cash paid for purchasing of merchandise and services                                   5,635,577.54              5,182,338.56
     Cash paid to staffs or paid for staffs                                                 4,570,911.79              4,010,180.73
     Taxes paid                                                                             2,169,865.52              1,967,285.81
     Other cash paid for business activities                                                5,075,694.39              5,435,520.75
Sub-total of cash outflow from business activities                                         17,452,049.24            16,595,325.85



                                                                                                                               19
China Fangda Group Co., Ltd.                                                                                             Interim Report 2012 Summary



Cash flow generated by business operation, net                                                                4,355,459.66                      5,229,399.06
II. Cash flow generated by investing
     Cash received from investment retrieving
     Cash received as investment profit
     Net cash retrieved from disposal of fixed assets, intangible assets, and
                                                                                                                         900                           8,040
other long-term assets
     Net cash received from disposal of subsidiaries or other operational units                                                                              0
     Other investment-related cash received                                                                                                                  0
Sub-total of cash inflow due to investment activities                                                                    900                     17,008,040
     Cash paid for construction of fixed assets, intangible assets and other
                                                                                                                   3,037,035                        429,778
long-term assets
     Cash paid as investment
     Net cash received from subsidiaries and other operational units
     Other cash paid for investment activities
Sub-total of cash outflow due to investment activities                                                             3,037,035                        429,778
Net cash flow generated by investment                                                                              -3,036,135                    16,578,262
III. Cash flow generated by financing
     Cash received as investment
     Cash received as loans
     Other financing-related cash received
Subtotal of cash inflow from financing activities                                                                           0                                0
     Cash to repay debts                                                                                                                    12,847,054.29
     Cash paid as dividend, profit, or interests                                                                   7,352,940                      5,100,550
     Other cash paid for financing activities                                                                                                    111,983.72
Subtotal of cash outflow due to financing activities                                                               7,352,940                18,059,588.01
Net cash flow generated by financing                                                                               -7,352,940              -18,059,588.01
IV. Influence of exchange rate alternation on cash and cash equivalents
V. Net increase of cash and cash equivalents                                                                 -6,033,615.34                      3,748,073.05
     Plus: Balance of cash and cash equivalents at the beginning of term                                      24,337,261.8                  30,252,759.44
VI. Balance of cash and cash equivalents at the end of term                                                  18,303,646.46                  34,000,832.49


7. Statement of Change in Owners’ Equity (Consolidated)

Amount of the Current Term
                                                                                                                                                    In RMB
                                                                                      Amount of the Current Term
                                                         Owners’ Equity Attributable to the Parent Company
                 Items                   Capital                                                                                    Minor         Total of
                                                                Less:                             Common                         shareholders    owners’
                                        paid in (or Capital                Special     Surplus              Retained
                                                               Shares in                             risk               Others    ’ equity        equity
                                          share     reserves               reserves    reserves              profit
                                                                stock                             provision
                                         capital)
                                        756,909,9 80,479,49                           24,676,07             211,777,9            78,213,665. 1,152,057,11
I. Balance at the end of last year
                                              05       3.92                                7.16                 68.57                    93          0.58
     Plus: Change of accounting
policy
          Correcting of previous
errors
          Others
II. Balance at the beginning of current 756,909,9 80,479,49                           24,676,07             211,777,9            78,213,665. 1,152,057,11
year                                          05       3.92                                7.16                 68.57                    93          0.58
III. Amount of change in current term                                                                      12,643,29             -10,726,062
                                                   -2,668.37                                                                                 1,914,566.87
(“-“ for decrease)                                                                                             7.4                     .16




                                                                                                                                                             20
China Fangda Group Co., Ltd.                                                                                                 Interim Report 2012 Summary



                                                                                                                12,643,29                -10,726,062
(I) Net profit                                                                                                                                       1,917,235.24
                                                                                                                      7.4                        .16
(II) Other misc. income                               -2,668.37                                                                                           -2,668.37
                                                                                                                12,643,29                -10,726,062
Total of (I) and (II)                                 -2,668.37                                                                                      1,914,566.87
                                                                                                                      7.4                        .16
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or
to capital shares)
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
                                          756,909,9 80,476,82                            24,676,07              224,421,2                67,487,603. 1,153,971,67
IV. Balance at the end of this term
                                                05       5.55                                 7.16                  65.97                        77          7.45
Amount of Last Year
                                                                                                                                                           In RMB
                                                                                           Amount of Last Year
                                                           Owners’ Equity Attributable to the Parent Company
                  Items                    Capital                                                                                          Minor        Total of
                                                                   Less:                             Common                              shareholders   owners’
                                          paid in (or Capital                 Special    Surplus               Retained
                                                                  Shares in                             risk                Others        ’ equity       equity
                                            share     reserves                reserves   reserves               profit
                                                                   stock                             provision
                                           capital)
                                          504,606,6 334,434,0                            17,834,97              153,115,1                84,337,468. 1,094,328,20
I. Balance at the end of last year
                                                04      14.92                                 7.97                  42.18                        25          7.32
     Plus: Retrospective adjustment
caused by merger of entities under
common control
     Plus: Change of accounting
policy
            Correcting of previous
errors
            Others
II. Balance at the beginning of current 504,606,6 334,434,0                              17,834,97              153,115,1                84,337,468. 1,094,328,20
year                                          04      14.92                                   7.97                  42.18                        25          7.32
III. Amount of change in current term 252,303,3 -252,329,                                                       46,094,69                 -1,974,598. 44,093,500.1
(“-“ for decrease)                        01        901                                                            8.26                         07             9
                                                                                                                46,094,69                 -1,974,598. 44,120,100.1
(I) Net profit
                                                                                                                     8.26                         07             9
(II) Other misc. income                                -26,600                                                                                             -26,600
                                                                                                                46,094,69                 -1,974,598. 44,093,500.1
Total of (I) and (II)                                  -26,600
                                                                                                                     8.26                         07             9
(III) Investment or decreasing of                 0          0            0          0          0           0          0             0             0                0




                                                                                                                                                                    21
China Fangda Group Co., Ltd.                                                                                                 Interim Report 2012 Summary


capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment                              0           0           0          0           0         0           0        0               0               0
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’       252,303,3 -252,303,
                                                                           0          0           0         0           0        0               0               0
equity                                            01        301
1. Capitalizing of capital reserves (or     252,303,3 -252,303,
to capital shares)                                01        301
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
                                            756,909,9 80,479,49                           24,676,07             211,777,9             78,213,665. 1,152,057,11
IV. Balance at the end of this term
                                                  05       3.92                                7.16                 68.57                     93          0.58


8. Statement of Change in Owners’ Equity (Parent Co.)

Amount of the Current Term
                                                                                                                                                        In RMB
                                                                                          Amount of the Current Term

                     Items                   Capital paid                                                                                             Total of
                                                              Capital      Less: Shares     Special      Surplus       Common risk    Retained
                                             in (or share                                                                                            owners’
                                                             reserves        in stock       reserves     reserves       provision      profit
                                               capital)                                                                                                equity
                                                            41,078,838.5                               24,676,077.1                  232,076,539. 1,054,741,35
I. Balance at the end of last year            756,909,905
                                                                       4                                          6                           24          9.94
     Plus: Change of accounting policy
            Correcting of previous errors
            Others
II. Balance at the beginning of current                     41,078,838.5                               24,676,077.1                  232,076,539. 1,054,741,35
                                              756,909,905
year                                                                   4                                          6                           24          9.94
III. Amount of change in current term
                                                               -2,668.37                                                              6,980,842.1 6,978,173.73
(“-“ for decrease)
(I) Net profit                                                                                                                        6,980,842.1    6,980,842.1
(II) Other misc. income                                        -2,668.37                                                                               -2,668.37
Total of (I) and (II)                                          -2,668.37                                                              6,980,842.1 6,978,173.73
(III) Investment or decreasing of capital
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or




                                                                                                                                                                 22
China Fangda Group Co., Ltd.                                                                                                      Interim Report 2012 Summary


shareholders)
4. Others
(V) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or to
capital shares)
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
                                                            41,076,170.1                                   24,676,077.1                   239,057,381. 1,061,719,53
IV. Balance at the end of this term          756,909,905
                                                                       7                                              6                            34          3.67
Amount of Last Year
                                                                                                                                                             In RMB
                                                                                            Amount of Last Year

                     Items                   Capital paid                                                                                                  Total of
                                                               Capital       Less: Shares   Special          Surplus        Common risk    Retained
                                             in (or share                                                                                                 owners’
                                                              reserves         in stock     reserves         reserves        provision      profit
                                               capital)                                                                                                     equity
                                                            295,033,359.                                   17,834,977.9                   170,506,646. 987,981,588.
I. Balance at the end of last year           504,606,604
                                                                     54                                               7                            52           03
     Plus: Change of accounting policy
            Correcting of previous errors
            Others
II. Balance at the beginning of current                     295,033,359.                                   17,834,977.9                   170,506,646. 987,981,588.
                                             504,606,604
year                                                                 54                                               7                            52           03
III. Amount of change in current term
                                             252,303,301 -252,329,901                                                                     5,475,020.08 5,448,420.08
(“-“ for decrease)
(I) Net profit                                                                                                                            5,475,020.08 5,475,020.08
(II) Other misc. income                                          -26,600                                                                                     -26,600
Total of (I) and (II)                                            -26,600                                                                  5,475,020.08 5,448,420.08
(III) Investment or decreasing of capital
                                                        0                0              0              0                0             0               0               0
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
(IV) Profit allotment                                   0                0              0              0                0             0               0               0
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of owners’
                                             252,303,301 -252,303,301                   0              0                0             0               0               0
equity
1. Capitalizing of capital reserves (or to
                                             252,303,301 -252,303,301
capital shares)
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




                                                                                                                                                                      23
China Fangda Group Co., Ltd.                                                                   Interim Report 2012 Summary



                                                    41,078,838.5                24,676,077.1        232,076,539. 1,054,741,35
IV. Balance at the end of this term   756,909,905
                                                               4                           6                 24          9.94



(III) Notes to the financial statements

1. Influences of changes in material accounting policies, accounting estimations, or correction of material
accounting error

(1) Change of accounting policies

Is there any change in accounting policies in the report period
[] Yes [V] No


(2) Change of accounting estimations

Is there any change in accounting estimations in the report period
[] Yes [V] No


(3) Correcting of accounting errors

Is there any accounting error with previous period found in the report period
[] Yes [V] No


2. Statement on change of consolidation range

The consolidation range has changed in the report period for the investment and incorporation of Chengdu New
Material Co., Ltd.

3. If the certified public accounts has issued a non-standard auditor’s report, list the relevant notes to the
issues involved in the report.




                                                                                                                           24