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方大B(200055)公告正文

方 大B:2013年第一季度报告全文(英文版)

公告日期:2013-04-20

                       China Fangda Group Co., Ltd. 1st Quarterly Report 2013China Fangda Group Co., Ltd.
    1st Quarterly Report 2013
          April 2013
                                                                               China Fangda Group Co., Ltd. 1st Quarterly Report 2013
                                                1 Important Statement
    The Board of Directors and the directors, supervisors and senior management of the Company guarantee thatthere is no significant omission, fictitious or misleading statement in the Report and shall bear individual and jointresponsibilities for the truthfulness, accuracy and completeness of this Report.
    Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief Financial Officer, and Mr. ChenYonggang, the manager of accounting department declare: the Financial Report carried in this report is authenticand completed.
       Directors other than the following ones have attended the Board meeting to review the quarterly report.
      Name of absent director        Position of absent director                 Reason                          Name of proxy
          Xiong Jianwei                       Director                    Business engagement                    Wang Shengguo
                      2 Financial Highlight and Changes in Shareholders1. Financial highlightsRetroactive adjustment or restatement of financial statistics of the previous period during this report period□ Yes √ No
                                                  January-March 2013            January-March 2012          Year-on-year change (%)
    Turnover (yuan)                                     302,138,499.27                 233,711,878.60                     29.28Net profit attributable to shareholders of
                                                     11,212,202.96                  9,160,949.85                      22.39the listed company (yuan)Net profit attributable to the shareholders
    of the listed company and after deducting            10,738,339.51                  8,490,269.44                      26.48of non-recurring gain/loss (RMB)Net cash flow generated by business
                                                     -41,819,154.03                -42,490,494.14operation (RMB)
    Basic earnings per share (yuan/share)                     0.01                           0.01
    Diluted Earnings per share (yuan/share)                   0.01                           0.01Weighted average net income/asset ratio
                                                         1.02%                         0.85%                           0.17(%)
                                                    March 31, 2013               December 31, 2012          Year-on-year change (%)
    Total asset (RMB)                                  2,267,908,707.78               2,327,802,889.51                    -2.57Net profit attributable to the shareholders
                                                   1,109,824,398.53               1,098,612,195.57                     1.02of the listed company (RMB)Accidental gain/loss item and amount
                                                                                 China Fangda Group Co., Ltd. 1st Quarterly Report 2013√ Applicable □ Inapplicable
                                                                                                                                 In RMB
                                                                       Amount as of the end of the
                               Items                                                                                 Notes
                                                                                report periodNon-current asset disposal gain/loss (including the write-off part
                                                                                 142,472.80for which assets impairment provision is made)Write-back of impairment provision of receivables for which
                                                                                 219,865.64impairment test is performed individually
    Other non-business income and expenditures other than the above                  188,305.46
    Influenced amount of income tax                                                   73,444.24
    Influenced amount of minority shareholders’ equity (after-tax)                   3,336.21
    Total                                                                            473,863.45                           --2. Shareholder number and the top 10 shareholders
                                                                                                                                  In shareNumber of shareholders at the end
                                                                                     69,564of the report period
                                                           Top 10 Shareholders
                             Properties of                           Number of         Conditional         Pledging or freezing
    Name of the shareholder                      Shareholding (%)
                             shareholder                               shares             shares      Share status           Amount
    Shenzhen Banglin          Domestic
         Technologies       non-state legal         9.09             68,774,273               0
    Development Co., Ltd.         person
                              DomesticLiaoning Fangda Group
                            non-state legal         4.06             30,765,226               0
    Industry Co., Ltd.
                                person
                             Foreign legal
    Shengjiu Investment Ltd.                           2.82             21,339,867               0
                                person
                              Domestic
    Shenzhen Shilihe
                            non-state legal         2.36             17,860,992               0
    Investment Co., Ltd.
                                person
    Huatai Securities’
    Contractual Repurchase         Others              2.22             16,800,000               0
           Account
                              Domestic
          Cao Yifan                                 0.47             3,584,165                0
                            natural person
    SOOCHOW Securities          Domestic
                                                    0.33             2,500,000                0
        Customer Credit     non-state legal
                                                                              China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    Transaction Guarantee          person
    Securities Account
                              Domestic
    Chen Lihong                                   0.3            2,305,365               0
                           natural personZhongjiang InternationalTrust Co., Ltd Capital
                                Others            0.28            2,103,000               0Trust Contract (Jinshi
        No.199)
    China Securities
                              Domestic
    Customer Credit
                           non-state legal        0.27            2,066,263               0Transaction Guarantee
                                person
    Securities Account
                                              Top 10 holders of unconditional shares
                                                                                                        Category of shares
    Name of the shareholder                 Amount of shares without sales restriction           Category of
                                                                                                                      Amount
                                                                                                     shares
    Shenzhen Banglin Technologies                                                                  RMB common
                                                            68,774,273                                              68,774,273
      Development Co., Ltd.                                                                          shares
    Liaoning Fangda Group Industry                                                                 RMB common
                                                            30,765,226                                              30,765,226
             Co., Ltd.                                                                               shares
                                                                                                 Foreign shares
    Shengjiu Investment Ltd.                               21,339,867                         listed in domestic   21,339,867
                                                                                                   exchanges
    Shenzhen Shilihe Investment Co.,                                                                RMB common
                                                            17,860,992                                              17,860,992
               Ltd.                                                                                  shares
    Huatai Securities’ Contractual                                                               RMB common
                                                            16,800,000                                              16,800,000
       Repurchase Account                                                                            shares
                                                                                                 Foreign shares
            Cao Yifan                                        3,584,165                         listed in domestic    3,584,165
                                                                                                   exchangesSOOCHOW Securities Customer
                                                                                                RMB common
    Credit Transaction Guarantee                               2,500,000                                               2,500,000
                                                                                                     shares
        Securities Account
                                                                                                 Foreign shares
           Chen Lihong                                       2,305,365                         listed in domestic    2,305,365
                                                                                                   exchangesZhongjiang International Trust Co.,
                                                                                                RMB common
    Ltd Capital Trust Contract (Jinshi                           2,103,000                                               2,103,000
                                                                                                     shares
             No.199)
                                                                            China Fangda Group Co., Ltd. 1st Quarterly Report 2013China Securities Customer Credit
                                                                                                RMB common
    Transaction Guarantee Securities                           2,066,263                                                2,066,263
                                                                                                     shares
              Account
                                      Among the top 10 shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
                                      Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin TechnologyNotes to top ten shareholder
                                      Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. Therelationship or "action in concert"
                                      Company is not notified of other action-in-concert or related parties among the other holders
                                      of current shares.
                                                 3 Significant Events1. Details and reasons of changes in major accounting items and financial indicators1. Notes receivable decreased by 66.04%, which was caused by mature and endorsement of notes;2. Repayment decreased by 37.78% from the beginning of the year, which was due to the construction paymentprepaid during the report period;3. Wage payable decreased by 47.19%, which was caused by distributing of the 2012 annual bonus during thereport period;4. Interest payable increased by 170.57%, which was due to the provision of short-term financing bond interestduring the report period;5. Operating revenue increased by 29.28%, which was due to the increase in projects in construction during thereport period.2. Progress of significant events, influence and solutions
    The Company’s Fangda Town project lying in Shenzhen Nanshan Xili Longjing has been fitted into 2012Shenzhen Urban Renewal Plan The First Projects by Shenzhen Planning and Land Resources Committee and hasbeen ratified by Shenzhen City Government. In 2012, the Fangda Town renewal plan was submitted to thegoverning authority for approval. The Company will start the construction after the approval. The Fangda Townrenewal plan will substantially boost the Company's brand equity.
               Significant event                     Date of disclosure                        Disclosure source
                                                                             The Announcement on the Application Progress of the
                                                                              Fangda Town Renewal Plan was published on ChinaAnnouncement on the Application Progress of
                                                       April 11, 2012            Securities Journal, Shanghai Securities Daily,
       the Fangda Town Renewal Plan
                                                                                     Securities Times, HKCD (English) and
                                                                                              www.cninfo.com.cn.
                                                                           China Fangda Group Co., Ltd. 1st Quarterly Report 20133. Commitments of shareholders with over 5% of shares made in the report period or carried overfrom previous terms4. Forecast of business performance between January and June 2013□ Applicable √ Inapplicable5. The Company had no securities investment during report period.6. The Company had no derivative investment during report period.7. Reception of investigations, communications, or interviews in the reporting period
                                                                                                   Main content involved and
      Time/date                Place          Way             Visitor                  Visitor
                                                                                                       materials providedBetween January 1,
                              Off site      Telephone                                                  Business and future
    2013 and March 31,                                          Individual         Public investor
                            reception    communication                                                    development
         2013
                                             4 Financial Statements1. Financial statements1. Consolidated Balance SheetPrepared by: China Fangda Group Co., Ltd.
                                                                                                                         In RMB
                  Items                             Beginning balance                             Ending balanceCurrent asset:
    Monetary capital                                              222,770,947.54                               278,283,968.61
    Settlement provision
    Outgoing call loan
    Transactional financial assets
    Notes receivable                                                   2,593,836.58                                7,638,780.88
    Account receivable                                            796,475,261.65                               774,890,805.30
    Prepayment                                                     27,173,515.15                                  22,006,159.22
    Insurance receivable
    Reinsurance receivable
    Provisions of Reinsurance
                                                China Fangda Group Co., Ltd. 1st Quarterly Report 2013contracts receivable
    Interest receivable                       73,352.27                                   72,833.33
    Dividend receivable
    Other receivables                     64,895,710.11                               57,339,556.28
    Repurchasing of financial assets
    Inventory                            239,001,472.12                             269,120,191.36
    Non-current asset due in 1 year
    Other current asset
    Total of current asset                   1,352,984,095.42                           1,409,352,294.98Non-current assets:
    Disburse of consigned loans
    Sellable financial assets                       0.00                                       0.00
    Investment held until mature
    Long-term receivable
    Long-term share equity investment
    Investment real estate               258,377,021.37                             258,405,762.09
    Fixed assets                         337,244,643.64                             341,555,810.21
    Construction in process              177,420,347.68                             175,138,694.28
    Engineering materials
    Disposal of fixed assets                   1,676.00
    Productive biological assets
    Gas & petrol
    Intangible assets                    101,528,929.43                             102,380,382.21
    R&D expense                               67,700.00                                   67,700.00
    Goodwill                                        0.00                                       0.00
    Long-term amortizable expenses         4,664,354.94                                4,710,860.65
    Deferred income tax assets            35,619,939.30                               36,191,385.09
    Other non-current assets
    Total of non-current assets               914,924,612.36                             918,450,594.53
    Total of assets                          2,267,908,707.78                           2,327,802,889.51Current liabilities
    Short-term loans                     181,970,000.00                             181,970,000.00
    Loans from Central Bank
    Deposit received and held forothers
                                                    China Fangda Group Co., Ltd. 1st Quarterly Report 2013
       Call loan received
       Transactional financial liabilities
       Notes payable                          143,785,071.14                             160,779,777.03
       Account payable                        343,110,063.53                             411,846,031.72
       Prepayment received                    107,110,955.57                               77,741,903.02
       Selling of repurchased financialassets
       Fees and commissions payable
       Employees’ wage payable                12,646,183.27                               23,945,272.55
       Taxes payable                           30,409,864.41                               33,686,577.98
       Interest payable                         5,288,370.06                                1,954,557.27
       Dividend payable
       Other payables                          38,601,383.48                               41,340,056.86
       Reinsurance fee payable
       Insurance contract provision
       Entrusted trading of securities
       Entrusted selling of securities
       Non-current liabilities due in 1year
       Other current liabilities              200,000,000.00                             200,000,000.00
    Total of current liabilities                 1,062,921,891.46                           1,133,264,176.43Non-current liabilities:
       Long-term loans
       Bond payable
       Long-term payable                            5,600.00                                    7,700.00
       Special payables
       Anticipated liabilities                                                                      0.00
       Deferred income tax liabilities         36,431,453.08                               36,210,286.40
       Other non-current liabilities                     0.00                                       0.00
    Total of non-current liabilities               36,437,053.08                               36,217,986.40
    Total liabilities                            1,099,358,944.54                           1,169,482,162.83Owners’ equity (or shareholders’equity)
       Capital paid in (or share capital)     756,909,905.00                             756,909,905.00
       Capital reserves                        80,299,867.64                               80,299,867.64
                                                                                China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    Less: Shares in stock                                                           0.00
    Special reserves
    Surplus reserves                                                   30,494,542.94                                   30,494,542.94
    Common risk provisions
    Retained profit                                                   242,120,082.95                                230,907,879.99
    Difference caused by translation offoreign currency statementsTotal of owner’s equity belong to the
                                                                      1,109,824,398.53                              1,098,612,195.57parent company
    Minor shareholders’ equity                                        58,725,364.71                                   59,708,531.11Total of owners’ equity (or
                                                                      1,168,549,763.24                              1,158,320,726.68shareholders’ equity)Total of liability and owners’ equity (or
                                                                      2,267,908,707.78                              2,327,802,889.51shareholders’ equity)
    Legal representative: Xiong Jianming         CFO: Lin Kebing Accounting Manager: Chen Yonggang2. Balance Sheet of the Parent CompanyPrepared by: China Fangda Group Co., Ltd.
                                                                                                                              In RMB
                  Items                                  Beginning balance                             Ending balanceCurrent asset:
    Monetary capital                                                   33,283,934.12                                   25,790,604.84
    Transactional financial assets
    Notes receivable
    Account receivable                                                      5,157,141.38                                5,157,141.38
    Prepayment                                                                      0.00                                  20,271.85
    Interest receivable
    Dividend receivable                                                39,356,000.00                                   39,356,000.00
    Other receivables                                                 455,512,235.70                                512,298,790.52
    Inventory
    Non-current asset due in 1 year
    Other current asset
    Total of current asset                                                 533,309,311.20                                582,622,808.59Non-current assets:
    Sellable financial assets                                                       0.00                                        0.00
                                                    China Fangda Group Co., Ltd. 1st Quarterly Report 2013
       Investment held until mature
       Long-term receivable
       Long-term share equity investment      709,733,745.58                             669,733,745.58
       Investment real estate                 254,766,256.33                             254,766,256.33
       Fixed assets                            86,823,876.83                               87,649,932.55
       Construction in process                  1,701,315.00                                1,701,315.00
       Engineering materials
       Disposal of fixed assets
       Productive biological assets
       Gas & petrol
       Intangible assets                        9,226,631.17                                9,352,376.54
       R&D expense                                                                                  0.00
       Goodwill
       Long-term amortizable expenses              69,182.39                                   75,471.70
       Deferred income tax assets              11,940,874.26                               12,333,214.12
       Other non-current assets
    Total of non-current assets                  1,074,261,881.56                           1,035,612,311.82
    Total of assets                              1,607,571,192.76                           1,618,235,120.41Current liabilities
       Short-term loans                       110,000,000.00                             180,000,000.00
       Transactional financial liabilities
       Notes payable
       Account payable                          1,849,090.36                                1,849,090.36
       Prepayment received                        693,045.60                                 753,108.70
       Employees’ wage payable                   630,266.01                                1,479,449.88
       Taxes payable                              551,713.56                                 826,456.83
       Interest payable                         5,160,036.73                                1,954,557.27
       Dividend payable
       Other payables                         138,968,738.25                               83,515,779.52
       Non-current liabilities due in 1year
       Other current liabilities              200,000,000.00                             200,000,000.00
    Total of current liabilities                  457,852,890.51                             470,378,442.56Non-current liabilities:
                                                                             China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    Long-term loans
    Bond payable
    Long-term payable
    Special payables
    Anticipated liabilities
    Deferred income tax liabilities                                     36,431,453.08                              36,210,286.40
    Other non-current liabilities
    Total of non-current liabilities                                         36,431,453.08                              36,210,286.40
    Total liabilities                                                       494,284,343.59                            506,588,728.96Owners’ equity (or shareholders’equity)
    Capital paid in (or share capital)                                 756,909,905.00                            756,909,905.00
    Capital reserves                                                    39,799,212.26                              39,799,212.26
    Less: Shares in stock
    Special reserves
    Surplus reserves                                                    30,494,542.94                              30,494,542.94
    Common risk provisions
    Retained profit                                                    286,083,188.97                            284,442,731.25
    Difference caused by translation offoreign currency statementsTotal of owners’ equity (or
                                                                      1,113,286,849.17                           1,111,646,391.45shareholders’ equity)Total of liability and owners’ equity (or
                                                                      1,607,571,192.76                           1,618,235,120.41shareholders’ equity)
    Legal representative: Xiong Jianming         CFO: Lin Kebing Accounting Manager: Chen Yonggang3. Consolidated Income StatementPrepared by: China Fangda Group Co., Ltd.
                                                                                                                            In RMB
                    Items                            Amount of the Current Term               Amount of the Previous Term
    1. Total revenue                                                        302,138,499.27                            233,711,878.60
    Incl. Business income                                              302,138,499.27                            233,711,878.60
              Interest income
              Insurance fee earned
              Fee and commission
                                                  China Fangda Group Co., Ltd. 1st Quarterly Report 2013received
    2. Total business cost                       289,590,078.03                            225,347,884.45
        Incl. Business cost                  243,466,859.90                            186,079,847.67
               Interest expense
               Fee and commission paid
               Insurance dischargepayment
               Net claim amount paid
               Net insurance policyreserves provided
               Insurance policy dividendpaid
               Reinsurance expenses
               Business tax and surcharge      5,489,190.64                               5,627,464.32
               Sales expense                   7,449,955.01                               6,413,973.49
               Administrative expense         29,444,607.89                              26,134,459.17
               Financial expenses              5,848,274.25                               5,214,939.18
               Asset impairment loss          -2,108,809.66                              -4,122,799.38
        Plus: gains from change of fairvalue (“-“ for loss)
               Investment gains (“-“ forloss)
               Incl. Investment gains fromaffiliates and joint ventures
               Exchange gains (“-“ forloss)
    3. Operational profit (“-“ for loss)        12,548,421.24                               8,363,994.15
        Plus: non-operational income            470,670.70                                 957,568.61
        Less: non-operational expenditure       139,892.44                                  115,363.96
               Incl. Loss from disposal of
                                                                                                  0.00non-current assets
    4. Gross profit (“-“ for loss)              12,879,199.50                               9,206,198.80
        Less: Income tax expenses              2,650,162.94                               1,957,901.79
    5. Net profit (“-“ for net loss)            10,229,036.56                               7,248,297.01
        Including: Net profit realized bythe entity taken over before the takeover
                                                                            China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    Net profit attributable to the
                                                                        11,212,202.96                               9,160,949.85owners of parent company
    Minor shareholders’ equity                                          -983,166.40                              -1,912,652.84
    6. Earnings per share:                         --                                       --
    (1) Basic earnings per share                                                0.01                                       0.01
    (2) Diluted earnings per share                                              0.01                                       0.01
    7. Other misc. incomes                                                           0.00                                  42,000.00
    8. Total of misc. incomes                                               10,229,036.56                               7,290,297.01
    Total of misc. incomes attributable
                                                                        11,212,202.96                               9,202,949.85to the owners of the parent company
    Total misc gains attributable to the
                                                                          -983,166.40                              -1,912,652.84minor shareholders
    Legal representative: Xiong Jianming        CFO: Lin Kebing Accounting Manager: Chen Yonggang4. Income Statement of the Parent CompanyPrepared by: China Fangda Group Co., Ltd.
                                                                                                                           In RMB
                    Items                           Amount of the Current Term               Amount of the Previous Term
    1. Turnover                                                             11,101,795.78                              10,682,571.24
    Less: Operation cost                                                1,692,044.22                               1,942,413.18
           Business tax and surcharge                                      853,134.21                                854,236.05
           Sales expense                                                                                              -15,831.98
           Administrative expense                                        5,186,724.98                               4,177,145.48
           Financial expense                                             1,321,007.72                               1,652,773.94
           Asset impairment loss                                            10,369.17                                  94,594.27
    Plus: gains from change of fairvalue (“-“ for loss)
           Investment gains (“-“ for loss)
           Incl. Investment gains fromaffiliates and joint ventures
    2. Operational profit (“-“ for loss)                                   2,038,515.48                               1,977,240.30
    Plus: non-operational income                                          254,412.58                                453,954.02
    Less: non-operational expenditure                                      38,963.80                                   2,170.87
           Incl. Loss from disposal of
                                                                                                                            0.00non-current assets
                                                                            China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    3. Gross profit (“-“ for loss)                                         2,253,964.26                               2,429,023.45
       Less: Income tax expenses                                           613,506.54                                 -18,578.61
    4. Net profit (“-“ for net loss)                                       1,640,457.72                               2,447,602.06
    5. Earnings per share:                       --                                         --
       (1) Basic earnings per share                                                0                                           0
       (2) Diluted earnings per share                                              0                                           0
    6. Other misc. incomes                                                                                                 42,000.00
    7. Total of misc. incomes                                                1,640,457.72                               2,489,602.06
    Legal representative: Xiong Jianming        CFO: Lin Kebing Accounting Manager: Chen Yonggang5. Consolidated Cash Flow StatementPrepared by: China Fangda Group Co., Ltd.
                                                                                                                           In RMB
                    Items                           Amount of the Current Term               Amount of the Previous Term1. Net cash flow from businessoperation
       Cash received from sales of
                                                                       356,313,687.92                            236,609,873.15products and providing of services
       Net increase of customer depositsand capital kept for brother company
       Net increase of loans from centralbank
       Net increase of inter-bank loansfrom other financial bodies
       Cash received against originalinsurance contract
       Net cash received from reinsurancebusiness
       Net increase of client deposit andinvestment
       Net increase of trade financialasset disposal
       Cash received as interest,processing fee, and commission
       Net increase of inter-bank fundreceived
                                                  China Fangda Group Co., Ltd. 1st Quarterly Report 2013
    Net increase of repurchasingbusiness
    Tax returned                               412,423.51                                1,171,203.29
    Other cash received from business
                                              11,489,648.25                              12,118,275.80operationSub-total of cash inflow from business
                                             368,215,759.68                            249,899,352.24activities
    Cash paid for purchasing of
                                             322,948,509.20                            209,121,088.84merchandise and services
    Net increase of client trade andadvance
    Net increase of savings in centralbank and brother company
    Cash paid for original contractclaim
    Cash paid for interest, processingfee and commission
    Cash paid for policy dividend
    Cash paid to staffs or paid for
                                              44,188,117.01                              31,413,521.97staffs
    Taxes paid                               15,223,162.90                              16,417,982.80
    Other cash paid for business
                                              27,675,124.60                              35,437,252.77activitiesSub-total of cash outflow from business
                                             410,034,913.71                            292,389,846.38activitiesCash flow generated by business
                                             -41,819,154.03                             -42,490,494.14operation, net2. Cash flow generated by investment:
    Cash received from investment
                                                       0.00recovery
    Cash received as investment profit                0.00                                       0.00
    Net cash retrieved from disposal of
    fixed assets, intangible assets, and other                                                1,094,000.00long-term assets
    Net cash received from disposal ofsubsidiaries or other operational units
    Other investment-related cash
                                                320,000.00                                    3,200.00received
                                                 China Fangda Group Co., Ltd. 1st Quarterly Report 2013Sub-total of cash inflow due to
                                               320,000.00                                1,097,200.00investment activities
    Cash paid for construction of fixed
    assets, intangible assets and other         15,333,266.86                               22,928,869.90long-term assets
    Cash paid as investment
    Net increase of loan against pledge
    Net cash received fromsubsidiaries and other operational units
    Other cash paid for investment
                                               620,000.00                                 707,100.00activitiesSubtotal of investment activity cash
                                            15,953,266.86                               23,635,969.90outflowsCash flow generated by investment
                                            -15,633,266.86                             -22,538,769.90activities, net3. Cash flow generated by financing:
    Cash received from investment
    Incl. Cash received as investmentfrom minor shareholders
    Cash received as loans                 70,000,000.00                             100,000,000.00
    Cash received from bond placing
    Other financing-related cash
                                                                                            27,444.64receivedSubtotal of cash inflow from financing
                                            70,000,000.00                             100,027,444.64activities
    Cash to repay debts                    70,000,000.00                             100,000,000.00
    Cash paid as dividend, profit, or
                                             2,879,348.89                                6,458,249.00interests
    Incl. Dividend and profit paid bysubsidiaries to minor shareholders
    Other cash paid for financing
                                                14,000.00activitiesSubtotal of cash outflow due to
                                            72,893,348.89                             106,458,249.00financing activities
    Net cash flow generated by financing         -2,893,348.89                              -6,430,804.364. Influence of exchange rate alternation
                                                                                             1,940.61on cash and cash equivalents
    5. Net increase of cash and cash            -60,345,769.78                             -71,458,127.79
                                                                          China Fangda Group Co., Ltd. 1st Quarterly Report 2013equivalents
    Plus: Balance of cash and cash
                                                                     240,167,372.86                            300,177,008.78equivalents at the beginning of term6. Balance of cash and cash equivalents
                                                                     179,821,603.08                            228,718,880.99at the end of term
    Legal representative: Xiong Jianming      CFO: Lin Kebing Accounting Manager: Chen Yonggang6. Cash Flow Statement of the Parent CompanyPrepared by: China Fangda Group Co., Ltd.
                                                                                                                         In RMB
                  Items                           Amount of the Current Term               Amount of the Previous Term1. Net cash flow from businessoperation
    Cash received from sales of
                                                                       8,169,934.61                               8,787,561.92products and providing of services
    Tax returned
    Other cash received from business
                                                                     191,795,251.63                              74,882,099.74operationSub-total of cash inflow from business
                                                                     199,965,186.24                              83,669,661.66activities
    Cash paid for purchasing of
                                                                       2,424,177.52                               2,407,973.69merchandise and services
    Cash paid to staffs or paid for
                                                                       3,705,028.10                               2,539,963.89staffs
    Taxes paid                                                        1,231,378.90                               1,056,026.28
    Other cash paid for business
                                                                      72,398,587.99                              84,155,727.43activitiesSub-total of cash outflow from business
                                                                      79,759,172.51                              90,159,691.29activitiesCash flow generated by business
                                                                     120,206,013.73                              -6,490,029.63operation, net2. Cash flow generated by investment:
    Cash received from investment
                                                                                  -recovery
    Cash received as investment profit                                           -                                          -
    Net cash retrieved from disposal of
                                                                                  -                                          -fixed assets, intangible assets, and other
                                                 China Fangda Group Co., Ltd. 1st Quarterly Report 2013long-term assets
    Net cash received from disposal of
                                                         -subsidiaries or other operational units
    Other investment-related cashreceivedSub-total of cash inflow due to
                                                         -                                          -investment activities
    Cash paid for construction of fixed
    assets, intangible assets and other             60,395.60                                2,436,980.00long-term assets
    Cash paid as investment                40,000,000.00                                           -
    Net cash received from
                                                         -subsidiaries and other operational units
    Other cash paid for investment
                                                         -activitiesSubtotal of investment activity cash
                                            40,060,395.60                                2,436,980.00outflowsCash flow generated by investment
                                            -40,060,395.60                              -2,436,980.00activities, net3. Cash flow generated by financing:
    Cash received from investment                       -
    Cash received as loans                              -                                          -
    Cash received from bond placing
    Other financing-related cash
                                                         -receivedSubtotal of cash inflow from financing
                                                         -                                          -activities
    Cash to repay debts                    70,000,000.00                                           -
    Cash paid as dividend, profit, or
                                             2,629,348.89                                3,656,380.00interests
    Other cash paid for financing
                                                14,000.00activitiesSubtotal of cash outflow due to
                                            72,643,348.89                                3,656,380.00financing activities
    Net cash flow generated by financing        -72,643,348.89                              -3,656,380.004. Influence of exchange rate alternationon cash and cash equivalents
    5. Net increase of cash and cash             7,502,269.24                              -12,583,389.63
                                                                         China Fangda Group Co., Ltd. 1st Quarterly Report 2013equivalents
    Plus: Balance of cash and cash
                                                                     25,540,604.84                              24,337,261.80equivalents at the beginning of term6. Balance of cash and cash equivalents
                                                                     33,042,874.08                              11,753,872.17at the end of term
    Legal representative: Xiong Jianming      CFO: Lin Kebing Accounting Manager: Chen Yonggang2 Auditor‘s reportAuditing of the 1st quarterly report□ Yes √ No
                                                                                              China Fangda Group Co., Ltd.
                                                                                                    Board of Directors
                                                                                                    April 20, 2013