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2020年01月27日 星期一

方大B(200055)公告正文

方大B:2016年第一季度报告全文(英文版)

公告日期:2016-04-26

                       方大集团股份有限公司 2016 年第一季度报告全文




China Fangda Group Co., Ltd.

   2016 First Quarter Report




          April 2016




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                                                                        方大集团股份有限公司 2016 年第一季度报告全文




                                        I Important Statement


      The members of the Board and the Company guarantee that the quarterly

report is free from any false information, misleading statement or material

omission and are jointly and severally liable for the information’s truthfulness,

accuracy and integrity.

      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

Deng Lei                     Independent director            Business engagement        Guo Wanda


      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.




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                                                                                   方大集团股份有限公司 2016 年第一季度报告全文




                  II Financial Highlight and Changes in Shareholders

1. Financial Highlight

The Company retroactively adjusts or restates financial statistics of the previous years because of changes in
account policies and correction of accounting errors.
□ Yes √ No
                                                   This report period           Same period last year         Year-on-year change (%)

Turnover (yuan)                                            469,103,396.78                 478,296,193.16                       -1.92%

Net profit attributable to shareholders of
                                                               22,188,780.56               15,504,344.70                       43.11%
the listed company (yuan)

Net profit attributable to the shareholders
of the listed company and after deducting                      23,019,578.47               14,487,216.74                       58.90%
of non-recurring gain/loss (RMB)

Net cash flow generated by business
                                                           -59,715,816.88                -235,696,168.76
operation (RMB)

Basic earnings per share (yuan/share)                                   0.03                           0.02                    50.00%

Diluted Earnings per share (yuan/share)                                 0.03                           0.02                    50.00%

Weighted average net income/asset ratio                               1.67%                           1.25%                     0.42%

                                                End of the report period           End of last year            Year-on-year change

Total asset (RMB)                                        4,625,948,618.26               4,464,147,811.40                        3.62%

Net profit attributable to the shareholders
                                                         1,342,526,986.43               1,319,496,334.84                        1.75%
of the listed company (RMB)

Accidental gain/loss item and amount
√ Applicable □ Inapplicable
                                                                                                                                In RMB

                                                                        Amount from beginning of
                               Items                                    the year to the end of the                  Notes
                                                                               report period

Non-current asset disposal gain/loss (including the write-off part
                                                                                        -465,802.92
for which assets impairment provision is made)

Subsidies accounted into the current income account (except the
government subsidy closely related to the enterprise’s business                         206,469.81
and based on unified national standard quota)

Gain from entrusted investment or assets management                                       58,345.20

Gain/loss from change of fair value of transactional financial
                                                                                      -1,456,515.68
asset and liabilities, and investment gains from disposal of


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                                                                                      方大集团股份有限公司 2016 年第一季度报告全文


transactional financial assets and liabilities and sellable financial
assets, other than valid period value instruments related to the
Company’s common businesses

Other non-business income and expenditures other than the above                             825,203.17

Less: Influenced amount of income tax                                                       266,405.16

     Influenced amount of minority shareholders’ equity
                                                                                            -267,907.67
(after-tax)

Total                                                                                       -830,797.91                  --

No circumstance that should be defined as recurrent profit and loss according to Explanation Announcement of
Information Disclosure No. 1 - Non-recurring gain/loss occurs in the report period.

2. Total number of shareholders and shareholding of top 10 shareholders by the end of the
report period

1. Ordinary shareholders, preference shareholders with resumed voting rights and top 10 shareholders

                                                                                                                                      In share

                                                                            Number of shareholders of
Number of shareholders of common                                            preferred stocks of which
                                                                   40,846                                                                  0
shares at the end of the report period                                      voting rights recovered in the
                                                                            report period

                                                           Top 10 Shareholders

                       Properties of                                                 Conditional               Pledging or freezing
   Shareholder                             Shareholding      Number of shares
                       shareholder                                                      shares            Share status        Amount

Shenzhen
Banglin             Domestic
Technologies        non-state legal                  9.09%          68,774,273                       Pledged                           2,509
Development         person
Co., Ltd.

Shengjiu            Foreign legal
                                                     6.32%          47,861,730
Investment Ltd.     person

GUOTAI
JUNAN
                    Foreign legal
SECURITIES(H                                         4.44%          33,613,209
                    person
ONGKONG)
LIMITED

                    Domestic natural
Huang Jupei                                          3.40%          25,701,000
                    person

Shenzhen Shilihe Domestic
                                                     2.36%          17,860,992
Investment Co.,     non-state legal



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                                                                         方大集团股份有限公司 2016 年第一季度报告全文


Ltd.                person

                    Domestic natural
Zhou Shijian                               2.14%         16,213,500
                    person

Huabao Trust
Co., Ltd. –
Tiangao Capital     Others                 1.99%         15,042,660
No.1 Trust
Program

Haitong
International
Securities          Foreign legal
                                           1.56%         11,820,966
Company             person
Limited-Account
Client

Shenwan
Hongyuan            Foreign legal
                                           1.15%           8,722,032
Securities (Hong person
Kong) Co., Ltd.

                    Domestic
Dongxing
                    non-state legal        1.06%           8,000,429
Securities
                    person

                                        Top 10 holders of unconditional shares

                                                                                                  Category of shares
               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

                                                                                         Foreign shares
Shengjiu Investment Ltd.                                                    47,861,730 listed in domestic         47,861,730
                                                                                         exchanges

GUOTAI JUNAN                                                                             Foreign shares
SECURITIES(HONGKONG)                                                        33,613,209 listed in domestic         33,613,209
LIMITED                                                                                  exchanges

                                                                                         RMB common
Huang Jupei                                                                 25,701,000                            25,701,000
                                                                                         shares

Shenzhen Shilihe Investment Co.,                                                         RMB common
                                                                            17,860,992                            17,860,992
Ltd.                                                                                     shares

                                                                                         RMB common
Zhou Shijian                                                                16,213,500                            16,213,500
                                                                                         shares

Huabao Trust Co., Ltd. – Tiangao                                           15,042,660 RMB common                 15,042,660


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                                                                                 方大集团股份有限公司 2016 年第一季度报告全文


Capital No.1 Trust Program                                                                       shares

                                                                                                 Foreign shares
Haitong International Securities
                                                                                    11,820,966 listed in domestic        11,820,966
Company Limited-Account Client
                                                                                                 exchanges

                                                                                                 Foreign shares
Shenwan Hongyuan Securities
                                                                                     8,722,032 listed in domestic         8,722,032
(Hong Kong) Co., Ltd.
                                                                                                 exchanges

                                                                                                 RMB common
Dongxing Securities                                                                  8,000,429                            8,000,429
                                                                                                 shares

                                      Among the top 10 shareholders, Shenzhen Banglin Technology Development Co., Ltd. and
                                      Shengjiu Investment Co., Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Notes to top ten shareholder
                                      Development Co., Ltd. and Shenzhen Shilihe Investment Co., Ltd. are related parties. The
relationship or "action in concert"
                                      Company is not notified of other action-in-concert or related parties among the other holders
                                      of current shares.

                                      Huang Jupei holds 25,700,000 shares of the Company through the client credit trade
Top-10 common share shareholders
                                      securities account of GF Securities; Zhou Shijian holds 16,213,500 shares of the Company
participating in margin trade
                                      through the client credit trade securities account of GF Securities;

No agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period

2. Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period

□ Applicable √ Inapplicable




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                                                                          方大集团股份有限公司 2016 年第一季度报告全文




                                           III Significant Events

1. Major changes in accounting items and financial data in the report period and reasons

√ Applicable □ Inapplicable
           Items               Closing amount   Opening amount           Change        Cause of change
      Notes receivable         47,543,213.60      97,247,660.56           -51.11%      Mainly payments received
                                                                                       Mainly due to increase in
      Prepayment               45,084,219.76      30,057,063.90            50.00%
                                                                                       prepayment for materials
      Other current                                                                    Mainly due to purchase
                               60,794,200.44      11,395,718.05           433.48%
 assets                                                                                financial products
      Construction in                                                                  Mainly due to increased
                               45,492,707.69      15,134,390.90           200.59%
 process                                                                               investment in PV power plants
      Employees’
                               18,527,537.14      40,942,428.05           -54.75%      Annual bonus paid
 wage payable
                                                                                       Mainly due to increase in
      Prepayment
                               282,084,568.87     130,574,319.85          116.03%      payment received from sales
 received
                                                                                       of houses
                               Amount of the
           Items                                Last period              Change        Cause of change
                               Current Term
 Net profit attributable                                                               Increase in income and profit
 to the owners of              22,188,780.56      15,504,344.70            43.11%      from the subway screen door
 parent company                                                                        business
 Cash flow generated                                                                   Prepaid construction payment
 by business                   -59,715,816.88    -235,696,168.76                       for Fangda Town renovation
 operations, net                                                                       project last year
 Cash flow generated
                                                                                       Recovery of financial products
 by investment                 -64,130,091.37     207,321,960.95
                                                                                       in the same period last year
 activities, net
 Net cash flow
                                                                                       Mainly due to increase in
 generated by                  108,178,237.33     62,129,337.47            74.12%
                                                                                       balance of bank loans
 financing activities


2. Progress of key issues and its impacts and solutions

√ Applicable □ Inapplicable
1. The Company received the Shenzhen House Presales Certificate on December 18, 2015 for the Fangda Town
renovation project. The presales area is 40,400 m2.
2. The private share issuance in 2015 has been approved by CSRC on March 9, 2016. The formal approval
document has not been received.
                   Key issue                        Date of disclosure                      Information source


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                                                                                           方大集团股份有限公司 2016 年第一季度报告全文


Notice on receiving the Shenzhen House
                                                  21.12.15                                            www.cninfo.com.cn
Presales Certificate

Private share issuance in 2015                    10.03.16                                            www.cninfo.com.cn


3. Promises fulfilled and not fulfilled by the Company, shareholders, actual controller,
acquirer, directors, supervisors, senior management or other associates in the report period

□ Applicable √ Inapplicable
There is no promises fulfilled and not fulfilled by the Company, shareholders, actual controller, acquirer, directors,
supervisors, senior management or other associates in the report period.

4. Forecast of operating performance between January and June in 2016

Warning and reasons of possible net loss or substantial change from the last period between the beginning of the
year and the end of the next report period
□ Applicable √ Inapplicable

5. Securities investment

√ Applicable □ Inapplicable

                                                   Number
                                                                           Number
                                                  of shares
                                                                           of shares                   Closing
                                     Initial       held at       Opening                  Closing
                        Abbreviat                                           held at                     book      Gain/loss Accounti
Securities    Code                  investmen beginning sharehold                         sharehold                                       Source
                              ion                                          end of the                   value     (RMB)       ng item
                                      t cost        of the         ing                       ing
                                                                            period                     (RMB)
                                                   period
                                                                            (share)
                                                   (share)

                        Sino Oil                                                                                             Transacti
                        and Gas     16,263,67 82,680,00                    82,680,00                  13,089,69 -1,456,51 onal
Stock        00702                                                 0.47%                     0.47%                                       Purchase
                        Holdings           5.00              0                        0                    0.90       5.68 financial
                        Ltd                                                                                                  assets

                                    16,263,67 82,680,00                    82,680,00                  13,089,69 -1,456,51
Total                                                              --                        --                                  --         --
                                           5.00              0                        0                    0.90       5.68

Disclosure date of approval by
the Board of Directors of           11.03.14
securities investment

Disclosure date of securities
investment approval by the          None
Shareholders’ Meeting (if any)




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6. Derivative investment

√ Applicable □ Inapplicable
                                                                                                                                                    In RMB10,000

                                                                                                                                                 Proporti
                                                                                                                                                  on of
                                                                                                                                                 closing
                                                                                                                                                 investm
                                                                                                                                                             Actual
Derivati                                                                                                                Impairm                    ent
                                                                                Initial                     Amount                   Closing                 gain/lo
     ve               Related                                                                 Amount                      ent                    amount
           Relation                           Initial        Start       End    investm                     sold in                  investm                  ss in
investm               transacti       Type                                                    in this                   provisio                  in the
             ship                            amount          date        date     ent                        this                      ent                    the
     ent                   on                                                                 period                     n (if                   closing
                                                                                amount                      period                   amount                  report
operator                                                                                                                 any)                      net
                                                                                                                                                             period
                                                                                                                                                 assets in
                                                                                                                                                   the
                                                                                                                                                  report
                                                                                                                                                  period

Shangha
i                                 Shanghai
                                              4,759.2 02.03.1 15.12.1                         4,759.2                                4,759.2
Futures None          No          aluminu                                                 0                         0            0                 3.55%        0.83
                                                        76           6                                  7                                    7
Exchan                            m
ge

                                              4,759.2                                         4,759.2                                4,759.2
Total                                                         --          --              0                         0            0                 3.55%        0.83
                                                        7                                               7                                    7

Capital source                               Self-owned fund

Lawsuit (if any)                             None

Disclosure date of derivative
investment approval by the Board of
Directors (if any)

Disclosure date of derivative
investment approval by the
Shareholders’ Meeting (if any)

Risk analysis and control measures
                                             To prevent the risk of fluctuation of raw material prices, the Company adopted the
for the derivative holding in the
                                             aluminum futures exchanged at the domestic futures exchange to provide hedging for
report period (including without
                                             aluminum as a raw material for the Company. The Company has set up and implemented the
limitation market, liquidity, credit,
                                             Provicial Regulations on China Fangda Group Domestic Futures Hedging to prevent risks.
operaton and legal risks)

Changes in the market price or fair
value of the derivative in the report
period, the analysis of the derivative’s Fair value of derivatives are measured at open prices in the futures market
fair value should disclose the method
used and related assumptions and

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                                                                                 方大集团股份有限公司 2016 年第一季度报告全文


parameters.

Material changes in the accounting
policies and rules related to the
                                          No
derivative in the report period
compared to last period

Oppinions of independent directors
on the Company’s derivative              None
investment and risk controlling


7. Reception of investigations, communications, or interviews in the reporting period

√ Applicable □ Inapplicable

           Time/date                           Way                     Visitor                   Disclosure of information

12.01.16                          Onsite investigation   Institution                      Business and future development

07.03.16                          Onsite investigation   Institution                      Business and future development

11.03.16                          Onsite investigation   Institution                      Business and future development

16.03.16                          Onsite investigation   Institution                      Business and future development


8. Incompliant external guarantee

□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.

9. Non-operating capital use by the controlling shareholder or related parties in the reporting
term

□ Applicable √ Inapplicable
The controlling shareholder and its affiliates occupied no capital for non-operating purpose of the Company
during the report period.




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                                            IV Financial Statements

1. Financial statements

1. Consolidated Balance Sheet

Prepared by: China Fangda Group Co., Ltd.
                                                        31.03.16
                                                                                                                In RMB

                  Items                           Closing balance                           Opening balance

Current asset:

     Monetary capital                                          370,312,459.61                            400,953,337.32

     Settlement provision

     Outgoing call loan

     Financial assets measured at fair
value with variations accounted into                                13,089,690.90                         14,546,206.58
current income account

     Derivative financial assets                                     1,029,750.00

     Notes receivable                                               47,543,213.60                         97,247,660.56

     Account receivable                                       1,453,667,876.63                         1,405,718,134.89

     Prepayment                                                     45,084,219.76                         30,057,063.90

     Insurance receivable

     Reinsurance receivable

     Provisions of Reinsurance
contracts receivable

     Interest receivable

     Dividend receivable

     Other receivables                                              66,172,585.16                         53,095,948.46

     Repurchasing of financial assets

     Inventory                                                1,441,005,103.95                         1,346,591,303.53

     Assets held for sales

     Non-current assets due in 1 year

     Other current assets                                           60,794,200.44                         11,395,718.05

Total current assets                                          3,498,699,100.05                         3,359,605,373.29

Non-current assets:


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     Loan and advancement provided

     Sellable financial assets

     Investment held until mature

     Long-term receivable

     Long-term share equity investment        10,314,928.49                          10,489,680.93

     Investment real estate                  335,172,836.88                         335,328,805.74

     Fixed assets                            455,705,836.98                         462,648,998.51

     Construction in process                  45,492,707.69                          15,134,390.90

     Engineering materials

     Disposal of fixed assets                           0.00                              5,326.79

     Productive biological assets                       0.00

     Gas & petrol                                       0.00

     Intangible assets                        94,042,633.60                          95,062,982.48

     R&D expense                                        0.00

     Goodwill                                 19,826,696.97                          19,826,696.97

     Long-term amortizable expenses            7,325,678.68                           6,614,788.88

     Deferred income tax assets               66,497,018.01                          65,926,810.52

     Other non-current assets                 92,871,180.91                          93,503,956.39

Total of non-current assets                 1,127,249,518.21                      1,104,542,438.11

Total of assets                             4,625,948,618.26                      4,464,147,811.40

Current liabilities

     Short-term loans                       1,183,000,000.00                      1,147,957,775.82

     Loans from Central Bank

     Deposit received and held for
others

     Call loan received

     Financial liabilities measured at
fair value with variations accounted into
current income account

     Derivative financial liabilities             39,350.00

     Notes payable                           327,052,355.67                         303,527,639.63

     Account payable                         765,840,426.93                         867,628,355.65

     Prepayment received                     282,084,568.87                         130,574,319.85

     Selling of repurchased financial
assets



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       Fees and commissions payable

       Employees’ wage payable             18,527,537.14                          40,942,428.05

       Taxes payable                        58,894,725.64                          67,533,433.70

       Interest payable                      3,032,433.73                           3,241,834.43

       Dividend payable

       Other payables                       59,251,425.40                          82,677,346.81

       Reinsurance fee payable

       Insurance contract provision

       Entrusted trading of securities

       Entrusted selling of securities

       Liabilities held for sales

       Non-current liabilities due in 1
                                                      0.00
year

       Other current liabilities            98,425,600.00                          98,425,600.00

Total current liabilities                 2,796,148,423.38                      2,742,508,733.94

Non-current liabilities:

       Long-term loans                     388,850,383.46                         300,395,582.06

       Bond payable

         Including: preferred stock

                 Perpetual bond

       Long-term payable                              0.00

       Long-term employees’ wage
payable

       Special payables

       Anticipated liabilities               1,393,879.27                           1,921,446.51

       Deferred earning                     12,312,125.87                          12,284,195.68

       Deferred income tax liabilities      73,228,379.61                          72,994,768.34

       Other non-current liabilities                  0.00

Total of non-current liabilities           475,784,768.21                         387,595,992.59

Total liabilities                         3,271,933,191.59                      3,130,104,726.53

Owner’s equity:

       Share capital                       756,909,905.00                         756,909,905.00

       Other equity tools

         Including: preferred stock

                 Perpetual bond


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                                                                                方大集团股份有限公司 2016 年第一季度报告全文


     Capital reserves                                                    79,099,650.17                         79,099,619.14

     Less: Shares in stock

     Other miscellaneous income                                            933,671.63                               91,831.63

     Special reserves

     Surplus reserves                                                    51,123,554.51                         51,123,554.51

     Common risk provisions

     Retained profit                                                454,460,205.12                            432,271,424.56

Total of owner’s equity belong to the
                                                                   1,342,526,986.43                          1,319,496,334.84
parent company

     Minor shareholders’ equity                                         11,488,440.24                         14,546,750.03

Total of owners’ equity                                           1,354,015,426.67                          1,334,043,084.87

Total of liabilities and owner’s interest                         4,625,948,618.26                          4,464,147,811.40


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


2. Balance Sheet of the Parent Company

                                                                                                                      In RMB

                   Items                               Closing balance                           Opening balance

Current asset:

     Monetary capital                                                    67,149,061.20                         25,833,130.83

     Financial assets measured at fair
value with variations accounted into
current income account

     Derivative financial assets

     Notes receivable

     Account receivable                                                    345,960.74                              345,960.74

     Prepayment                                                             15,122.97                               67,893.61

     Interest receivable

     Dividend receivable                                                          0.00

     Other receivables                                              460,823,651.74                            375,591,349.76

     Inventory

     Assets held for sales

     Non-current assets due in 1 year

     Other current assets                                                  850,844.86                              990,624.25

Total current assets                                                529,184,641.51                            402,828,959.19



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Non-current assets:

     Sellable financial assets

     Investment held until mature

     Long-term receivable

     Long-term share equity investment      1,017,525,896.69                        967,700,649.13

     Investment real estate                  290,288,531.53                         290,288,531.53

     Fixed assets                             56,991,760.74                          57,647,245.73

     Construction in process

     Engineering materials

     Disposal of fixed assets

     Productive biological assets

     Gas & petrol

     Intangible assets                         1,813,495.98                           1,907,601.33

     R&D expense

     Goodwill

     Long-term amortizable expenses              377,314.39                            403,800.10

     Deferred income tax assets               38,086,889.29                          37,948,384.39

     Other non-current assets                220,000,000.00                         220,000,000.00

Total of non-current assets                 1,625,083,888.62                      1,575,896,212.21

Total of assets                             2,154,268,530.13                      1,978,725,171.40

Current liabilities

     Short-term loans                        300,000,000.00                         350,000,000.00

     Financial liabilities measured at
fair value with variations accounted into
current income account

     Derivative financial liabilities

     Notes payable

     Account payable                             606,941.85                            606,941.85

     Prepayment received                         693,045.60                            748,421.47

     Employees’ wage payable                    883,569.73                           1,868,710.30

     Taxes payable                               606,123.97                           1,338,421.09

     Interest payable                            606,268.55                            726,993.55

     Dividend payable

     Other payables                          382,733,485.22                         155,183,721.49

     Liabilities held for sales


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       Non-current liabilities due in 1
year

       Other current liabilities               98,425,600.00                          98,425,600.00

Total current liabilities                     784,555,034.92                         608,898,809.75

Non-current liabilities:

       Long-term loans

       Bond payable

         Including: preferred stock

                 Perpetual bond

       Long-term payable

       Long-term employees’ wage
payable

       Special payables

       Anticipated liabilities

       Deferred earning

       Deferred income tax liabilities        121,032,527.40                         120,953,378.63

       Other non-current liabilities

Total of non-current liabilities              121,032,527.40                         120,953,378.63

Total liabilities                             905,587,562.32                         729,852,188.38

Owner’s equity:

       Share capital                          756,909,905.00                         756,909,905.00

       Other equity tools

         Including: preferred stock

                 Perpetual bond

       Capital reserves                        38,598,994.79                          38,598,963.76

       Less: Shares in stock

       Other miscellaneous income                  91,831.63                              91,831.63

       Special reserves

       Surplus reserves                        51,123,554.51                          51,123,554.51

       Retained profit                        401,956,681.88                         402,148,728.12

Total of owners’ equity                     1,248,680,967.81                      1,248,872,983.02

Total of liabilities and owner’s interest   2,154,268,530.13                      1,978,725,171.40


3. Consolidated Income Statement

                                                                                            In RMB

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                     Items                      Amount occurred in the current period        Occurred in previous period

1. Total revenue                                                        469,103,396.78                          478,296,193.16

       Incl. Business income                                            469,103,396.78                          478,296,193.16

               Interest income

               Insurance fee earned

               Fee and commission
received

2. Total business cost                                                  444,905,754.32                          462,837,415.79

       Incl. Business cost                                              391,319,798.18                          400,341,153.97

               Interest expense

               Fee and commission paid

               Insurance discharge payment

               Net claim amount paid

               Net insurance policy
reserves provided

               Insurance policy dividend
paid

               Reinsurance expenses

               Business tax and surcharge                                 5,896,598.98                             6,795,101.17

               Sales expense                                             11,110,937.46                            14,062,688.37

               Administrative expense                                    36,395,114.82                            38,354,341.95

               Financial expenses                                        10,022,552.32                            10,470,656.03

               Asset impairment loss                                      -9,839,247.44                           -7,186,525.70

       Plus: gains from change of fair value
                                                                          -1,456,515.68                              688,412.00
(“-“ for loss)

            Investment gains (“-“ for loss)                               -116,407.24                              490,492.08

            Incl. Investment gains from
                                                                           -174,752.44                               212,000.58
affiliates and joint ventures

            Exchange gains (“-“ for loss)

3. Operational profit (“-“ for loss)                                   22,624,719.54                            16,637,681.45

       Plus: non-operational income                                        2,018,111.17                            1,241,566.56

            Incl. Loss from disposal of
                                                                             22,418.22                                47,272.92
non-current assets

       Less: non-operational expenditure                                  1,266,037.76                               460,297.05

            Incl. Loss from disposal of
                                                                            493,011.35                               268,809.50
non-current assets


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4. Gross profit (“-“ for loss)                23,376,792.95                        17,418,950.96

     Less: Income tax expenses                   4,246,322.18                         3,497,266.94

5. Net profit (“-“ for net loss)              19,130,470.77                        13,921,684.02

     Net profit attributable to the owners
                                                22,188,780.56                        15,504,344.70
of parent company

     Minor shareholders’ equity                -3,058,309.79                        -1,582,660.68

6. After-tax net amount of other misc.
                                                  841,840.00                          1,190,467.50
incomes

  After-tax net amount of other misc.
                                                  841,840.00                          1,190,467.50
incomes attributed to parent's owner

     (1) Other misc. incomes that cannot
be re-classified into gain and loss

              1. Change in net liabilities or
assets due to re-measurement set benefit
program

              2. Shares enjoyed in other
misc. incomes that cannot be reclassified
into gain and loss by the invested entity
under the equity law

     (2) Other misc. incomes that will be
                                                  841,840.00                          1,190,467.50
re-classified into gain and loss

              1. Shares enjoyed in other
misc. incomes that cannot be reclassified
into gain and loss by the invested entity
under the equity law

              2.Change in the fair value of
financial asset for sale

              3 Held-to-mature investment
reclassified as gain and loss in the
financial assets for sales

              4. Effective part in the gain
                                                  841,840.00                          1,190,467.50
and loss of arbitrage of cash flow

              5. Translation difference of
foreign exchange statement

              6. Others

  After-tax net of other misc. income
attributed to minority shareholders

7. Total of misc. incomes                       19,972,310.77                        15,112,151.52




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     Total of misc. incomes attributable
                                                                         23,030,620.56                              16,694,812.20
to the owners of the parent company

     Total misc gains attributable to the
                                                                          -3,058,309.79                              -1,582,660.68
minor shareholders

8. Earnings per share:

     (1) Basic earnings per share                                                  0.03                                          0.02

     (2) Diluted earnings per share                                                0.03                                          0.02

Net profit contributed by entities merged under common control in the report period was RMB           , net profit realized by
parties merged during the previous period is RMB                    .


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


4. Income Statement of the Parent Company

                                                                                                                            In RMB

                    Items                      Amount occurred in the current period          Occurred in previous period

1. Turnover                                                               7,246,856.81                               7,393,884.45

     Less: Operation cost                                                   350,972.35                                 353,341.70

           Business tax and surcharge                                       768,784.87                                 592,342.65

           Sales expense

           Administrative expense                                         5,459,504.20                               5,445,073.39

           Financial expenses                                             1,783,122.18                               2,262,140.00

           Asset impairment loss                                             26,016.25                                      -629.56

     Plus: gains from change of fair
value (“-“ for loss)

           Investment gains (“-“ for loss)                               -169,327.78                                 267,962.22

           Incl. Investment gains from
                                                                           -174,752.44                                 212,000.58
affiliates and joint ventures

2. Operational profit (“-“ for loss)                                   -1,310,870.82                                 -990,421.51

     Plus: non-operational income                                         1,148,843.27                                 220,267.27

           Incl. Loss from disposal of
non-current assets

     Less: non-operational expenditure                                       89,374.82                                    1,172.32

           Incl. Loss from disposal of
non-current assets

3. Gross profit (“-“ for loss)                                           -251,402.37                                 -771,326.56

     Less: Income tax expenses                                              -59,356.13                                 -199,596.20



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4. Net profit (“-“ for net loss)                                         -192,046.24                              -571,730.36

5. After-tax net amount of other misc.
incomes

       (1) Other misc. incomes that
cannot be re-classified into gain and
loss

              1. Change in net liabilities
or assets due to re-measurement set
benefit program

              2. Shares enjoyed in other
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law

       (2) Other misc. incomes that will
be re-classified into gain and loss

              1. Shares enjoyed in other
misc. incomes that cannot be
reclassified into gain and loss by the
invested entity under the equity law

              2.Change in the fair value
of financial asset for sale

              3 Held-to-mature
investment reclassified as gain and loss
in the financial assets for sales

              4. Effective part in the gain
and loss of arbitrage of cash flow

              5. Translation difference of
foreign exchange statement

              6. Others

6. Total of misc. incomes                                                  -192,046.24                              -571,730.36

7. Earnings per share:

       (1) Basic earnings per share                                               0.00

       (2) Diluted earnings per share                                             0.00


5. Consolidated Cash Flow Statement

                                                                                                                          In RMB

                   Items                      Amount occurred in the current period         Occurred in previous period

1. Net cash flow from business


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                                                     方大集团股份有限公司 2016 年第一季度报告全文


operations:

       Cash received from sales of
                                            636,891,799.87                         457,440,374.67
products and providing of services

       Net increase of customer deposits
and capital kept for brother company

       Net increase of loans from central
bank

       Net increase of inter-bank loans
from other financial bodies

       Cash received against original
insurance contract

       Net cash received from
reinsurance business

       Net increase of client deposit and
investment

       Increase in proposal of financial
assets measured at fair value with
variations accounted into current
income account

       Cash received as interest,
processing fee, and commission

       Net increase of inter-bank fund
received

       Net increase of repurchasing
business

       Tax refunded                              80,888.90                            709,995.90

       Other cash received from business
                                             26,520,638.27                          33,201,154.29
operation

Sub-total of cash inflow from business
                                            663,493,327.04                         491,351,524.86
operations

       Cash paid for purchasing products
                                            569,855,226.34                         591,693,341.18
and services

       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


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                                                     方大集团股份有限公司 2016 年第一季度报告全文


fee and commission

     Cash paid for policy dividend

     Cash paid to and for the staff          72,576,097.44                          79,484,303.73

     Taxes paid                              43,687,459.47                          21,872,458.04

     Other cash paid for business
                                             37,090,360.67                          33,997,590.67
activities

Sub-total of cash outflow from
                                            723,209,143.92                         727,047,693.62
business operations

Cash flow generated by business
                                            -59,715,816.88                        -235,696,168.76
operations, net

2. Cash flow generated by investment:

     Cash received from investment
                                             86,000,000.00                         311,500,000.00
recovery

     Cash received as investment profit          87,675.20                           1,278,491.50

     Net cash retrieved from disposal
of fixed assets, intangible assets, and       3,042,427.80                            130,000.00
other long-term assets

     Net cash received from disposal of
subsidiaries or other operational units

     Other investment-related cash
received

Sub-total of cash inflow generated
                                             89,130,103.00                         312,908,491.50
from investment

     Cash paid for construction of
fixed assets, intangible assets and other    17,210,194.37                          18,086,530.55
long-term assets

     Cash paid as investment                136,000,000.00                          87,500,000.00

     Net increase of loan against
pledge

     Net cash paid for acquiring
subsidiaries and other operational units

     Other cash paid for investment              50,000.00

Subtotal of cash outflows                   153,260,194.37                         105,586,530.55

Cash flow generated by investment
                                            -64,130,091.37                         207,321,960.95
activities, net

3. Cash flow generated by financing
activities:

     Cash received from investment


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                                                                            方大集团股份有限公司 2016 年第一季度报告全文


     Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders

     Cash received from borrowed
                                                                  513,454,801.40                            177,612,000.00
loans

     Cash received from bond placing

     Other cash received from
                                                                            31.03                                     261.26
financing activities

Subtotal of cash inflow from financing
                                                                  513,454,832.43                            177,612,261.26
activities

     Cash paid to repay debts                                     386,000,000.00                            100,000,000.00

     Cash paid as dividend, profit, or
                                                                    18,750,977.53                            15,482,923.79
interests

     Incl. Dividend and profit paid by
subsidiaries to minority shareholders

     Other cash paid for financing
                                                                       525,617.57
activities

Subtotal of cash outflow from
                                                                  405,276,595.10                            115,482,923.79
financing activities

Net cash flow generated by financing
                                                                  108,178,237.33                             62,129,337.47
activities

4. Influence of exchange rate changes
                                                                       311,278.28                                -30,382.31
on cash and cash equivalents

5. Net increase in cash and cash
                                                                   -15,356,392.64                            33,724,747.35
equivalents

     Plus: Balance of cash and cash
                                                                  247,739,243.78                            102,638,232.19
equivalents at the beginning of term

6. Balance of cash and cash equivalents
                                                                  232,382,851.14                            136,362,979.54
at the end of the period


6. Cash Flow Statement of the Parent Company

                                                                                                                      In RMB

                 Items                    Amount occurred in the current period         Occurred in previous period

1. Net cash flow from business
operations:

     Cash received from sales of
                                                                     5,118,489.56                              5,302,300.24
products and providing of services

     Tax refunded


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                                                     方大集团股份有限公司 2016 年第一季度报告全文


     Other cash received from business
                                            326,581,279.11                         223,117,704.34
operation

Sub-total of cash inflow from business
                                            331,699,768.67                         228,420,004.58
operations

     Cash paid for purchasing products
                                               484,636.92                             696,453.22
and services

     Cash paid to and for the staff           4,211,712.91                           4,535,860.40

     Taxes paid                               1,583,084.62                            696,383.10

     Other cash paid for business
                                            181,651,052.50                         262,226,214.90
activities

Sub-total of cash outflow from
                                            187,930,486.95                         268,154,911.62
business operations

Cash flow generated by business
                                            143,769,281.72                         -39,734,907.04
operations, net

2. Cash flow generated by investment:

     Cash received from investment
                                             11,000,000.00                          30,000,000.00
recovery

     Cash received as investment profit       3,537,254.69                           4,359,295.00

     Net cash retrieved from disposal
of fixed assets, intangible assets, and
other long-term assets

     Net cash received from disposal of
subsidiaries or other operational units

     Other investment-related cash
received

Sub-total of cash inflow generated
                                             14,537,254.69                          34,359,295.00
from investment

     Cash paid for construction of
fixed assets, intangible assets and other        27,689.11                            605,199.92
long-term assets

     Cash paid as investment                 61,000,000.00

     Net cash paid for acquiring
subsidiaries and other operational units

     Other cash paid for investment

Subtotal of cash outflows                    61,027,689.11                            605,199.92

Cash flow generated by investment
                                            -46,490,434.42                          33,754,095.08
activities, net

3. Cash flow generated by financing


                                                                                               24
                                                   方大集团股份有限公司 2016 年第一季度报告全文


activities:

     Cash received from investment

     Cash received from borrowed
                                          200,000,000.00                            30,000,000.00
loans

     Cash received from bond placing

     Other cash received from
                                                  31.03
financing activities

Subtotal of cash inflow from financing
                                          200,000,031.03                            30,000,000.00
activities

     Cash paid to repay debts             250,000,000.00

     Cash paid as dividend, profit, or
                                            5,437,331.26                             5,614,733.32
interests

     Other cash paid for financing
                                             525,617.57
activities

Subtotal of cash outflow from
                                          255,962,948.83                             5,614,733.32
financing activities

Net cash flow generated by financing
                                          -55,962,917.80                            24,385,266.68
activities

4. Influence of exchange rate changes
on cash and cash equivalents

5. Net increase in cash and cash
                                           41,315,929.50                            18,404,454.72
equivalents

     Plus: Balance of cash and cash
                                           25,583,130.83                            22,006,065.49
equivalents at the beginning of term

6. Balance of cash and cash equivalents
                                           66,899,060.33                            40,410,520.21
at the end of the period


2. Auditor‘s report

Whether the Q1 report is audited
□ Yes √ No
The Q1 Report is not audited.




                                                           China Fangda Group Co., Ltd.
                                             Legal representative: Xiong Jianming
                                                            April 26, 2016




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