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2020年01月21日 星期二

方大B(200055)公告正文

方大B:2016年第三季度报告全文(英文版)

公告日期:2016-10-25

               2016 Third Quarter Report of China Fangda Group Co., Ltd.




China Fangda Group Co., Ltd.

   2016 Third Quarter Report




         October 2016




                                                                      1
                                      2016 Third Quarter Report of China Fangda Group Co., Ltd.




                        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.

    All the Directors have attended the meeting of the board meeting at

which this report was examined.

    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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                                                                  2016 Third Quarter Report of China Fangda Group Co., Ltd.




               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

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

Total asset (RMB)                                 6,066,447,741.87                4,464,147,811.40                         35.89%

Net profit attributable to the
shareholders of the listed                        1,819,187,610.13                1,319,496,334.84                         37.87%
company (RMB)

                                                                                      Between beginning        Change from the
                                                             Year-on-year change
                                     This report period                               of the year to the end   same period last
                                                                      (%)
                                                                                       of the report period         year

Turnover (yuan)                           731,795,188.23                      5.68%         1,741,251,237.98                -5.50%

Net profit attributable to
shareholders of the listed                 61,100,083.90                    201.91%          114,256,489.26                59.68%
company (yuan)

Net profit attributable to the
shareholders of the listed
                                           56,370,833.65                10278.20%            100,635,923.22                179.31%
company and after deducting of
non-recurring gain/loss (RMB)

Net cash flow generated by
                                             --                        --                    453,059,746.50
business operation (RMB)

Basic earnings per share
                                                      0.08                  166.67%                     0.15               50.00%
(yuan/share)

Diluted Earnings per share
                                                      0.08                  166.67%                     0.15               50.00%
(yuan/share)

Weighted average net
                                                    3.74%                     2.12%                   7.90%                 2.24%
income/asset ratio



Accidental gain/loss item and amount
□ Yes √ No
                                                                                                                            In RMB

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


                                                                                                                                     3
                                                                  2016 Third Quarter Report of China Fangda Group Co., Ltd.


Non-current asset disposal gain/loss (including the write-off
                                                                                  -2,441,541.32
part for which assets impairment provision is made)

Subsidies accounted into the current income account
(except the government subsidy closely related to the
                                                                                  2,127,481.55
enterprise’s business and based on unified national
standard quota)

Gain from entrusted investment or assets management                                 337,756.16

Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable                       1,957,710.84
financial assets, other than valid period value instruments
related to the Company’s common businesses

Gain/loss from change of fair value of investment property
                                                                                 11,003,145.91
measured at fair value in follow-up measurement

Other non-business income and expenditures other than the
                                                                                  4,561,603.00
above

Less: Influenced amount of income tax                                             3,915,836.90

     Influenced amount of minority shareholders’ equity
                                                                                       9,753.20
(after-tax)

Total                                                                            13,620,566.04              --

Explanation statement should be made for accidental gain/loss items defined and accidental
gain/loss items defined as regular gain/loss items according to the Explanation Announcement
of Information Disclosure No. 1 - Non-recurring gain/loss mentioned.
□ Applicable √ Inapplicable
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. Total number of ordinary shareholders and preferred shareholders with restored votes and
top-10 shareholders

                                                                                                                     In share

                                                                Number of shareholders of
Number of shareholders of
                                                                preferred stocks of which
common shares at the end of the                        40,064                                                             0
                                                                voting rights recovered in
report period
                                                                the report period (if any)

                                                     Top 10 Shareholders

  Shareholder       Properties of     Shareholding        Number of          Conditional          Pledging or freezing



                                                                                                                              4
                                               2016 Third Quarter Report of China Fangda Group Co., Ltd.


                    shareholder             shares         shares       Share status       Amount

Shenzhen
Banglin           Domestic
Technologies      non-state legal   8.72%    68,774,273               Pledged                14,635,833
Development       person
Co., Ltd.

Shengjiu          Foreign legal
                                    6.53%    51,535,870
Investment Ltd. person

GUOTAI
JUNAN
                  Foreign legal
SECURITIES(H                        4.37%    34,446,228
                  person
ONGKONG)
LIMITED

                  Domestic
Huang Jupei                         3.41%    26,872,300
                  natural person

Shenzhen
                  Domestic
Shilihe
                  non-state legal   2.26%    17,860,992
Investment Co.,
                  person
Ltd.

                  Domestic
Zhou Shijian                        2.05%    16,213,500
                  natural person

China Life
Insurance –
Dividend –
Personal          Others            1.64%    12,909,730
Dividend –
005L-FH002
Shen

Shenwan
Hongyuan
                  Foreign legal
Securities                          1.53%    12,034,961
                  person
(Hong Kong)
Co., Ltd.

Social security
fund-One-Six      Others            1.40%    11,019,776
Portfolio

Agricultural
Bank of
China-Zhong       Others            1.09%     8,600,080
You Core
Selected Mixed


                                                                                                          5
                                                                 2016 Third Quarter Report of China Fangda Group Co., Ltd.


Securities
Investment
Fund

                                            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
                                                                                             listed in
Shengjiu Investment Ltd.                                                       51,535,870                            51,535,870
                                                                                             domestic
                                                                                             exchanges

                                                                                             Foreign shares
GUOTAI JUNAN
                                                                                             listed in
SECURITIES(HONGKONG)                                                           34,446,228                            34,446,228
                                                                                             domestic
LIMITED
                                                                                             exchanges

                                                                                             RMB common
Huang Jupei                                                                    26,872,300                            26,872,300
                                                                                             shares

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

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

China Life Insurance – Dividend
                                                                                             RMB common
– Personal Dividend –                                                        12,909,730                            12,909,730
                                                                                             shares
005L-FH002 Shen

                                                                                             Foreign shares
Shenwan Hongyuan Securities                                                                  listed in
                                                                               12,034,961                            12,034,961
(Hong Kong) Co., Ltd.                                                                        domestic
                                                                                             exchanges

Social security fund-One-Six                                                                 RMB common
                                                                                11,019,776                           11,019,776
Portfolio                                                                                    shares

Agricultural Bank of China-Zhong
                                                                                             RMB common
You Core Selected Mixed                                                          8,600,080                            8,600,080
                                                                                             shares
Securities Investment Fund

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


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                                                            2016 Third Quarter Report of China Fangda Group Co., Ltd.


Top-10 common share              Huang Jupe holds 26,871,300 shares through the GF Securities client trust trading
shareholders participating in    guarantee securities account. Zhou Shijian holds 16,213,500 shares through the GF
margin trade (if any)            Securities client trust trading guarantee securities account.

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
□ Yes √ No
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

□ Applicable √ Inapplicable




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                                                           2016 Third Quarter Report of China Fangda Group Co., Ltd.




                                         III Significant Events

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

√ Applicable □ Inapplicable

                                                                             YOY
                                 Closing amount in the    Opening
 Items                                                                       change      Cause of change
                                 report period (RMB)      amount (RMB)
                                                                             (% )
                                                                                         Raised fund and house
 Monetary capital                    887,706,366.78        400,953,337.32     121.40%
                                                                                         presales amount
 Financial assets measured
 at fair value with variations                                                           Sales of SINO OIL & GAS
                                                           14,546,206.58     -100.00%
 accounted into current                                                                  shares
 income account
 Notes receivable                     28,289,083.79        97,247,660.56      -70.91%    Received payment
                                                                                         Increase in prepayment of
 Prepayment                           51,840,443.16        30,057,063.90      72.47%
                                                                                         material accounts
                                                                                         Increase in development
 Inventory                           1,857,922,617.59     1,346,591,303.53    37.97%
                                                                                         cost
                                                                                         Purchase of bank financial
 Other current assets                367,984,615.98        11,395,718.05     3129.15%
                                                                                         products
                                                                                         Transfer of the PV power
 Construction in process               3,898,800.79        15,134,390.90      -74.24%    station items to fixed
                                                                                         assets
                                                                                         Increase in the percentage
 Notes payable                       506,899,501.73        303,527,639.63     67.00%
                                                                                         of bill payment
                                                                                         Presales of Fangda Town
 Prepayment received                 1,148,837,603.48      130,574,319.85     779.83%
                                                                                         project
                                                                                         Payment of deposit and
 Other payables                       53,409,632.80        82,677,346.81      -35.40%
                                                                                         lawsuit compensation
                                                                                         Return of leased precious
 Other current liabilities                                 98,425,600.00     -100.00%
                                                                                         metal
                                                                                         Mainly premium of
 Capital reserves                    506,784,002.26        79,099,619.14      540.69%
                                                                                         non-public issued shares
                                 Between beginning of
                                                                               YOY
                                 the year to the end of    Same period
 Items                                                                        change     Cause of change
                                    the report period     last year (RMB)
                                                                                (% )
                                         (RMB)
                                                                                         Impact of the VAT reform,
 Business tax and surcharge            8,606,245.49        24,243,193.35      -64.50%
                                                                                         VAT is no longer paid



                                                                                                                      8
                                                                 2016 Third Quarter Report of China Fangda Group Co., Ltd.


                                                                                                 Decrease in advertisement
 Sales expense                          38,476,387.89             58,059,078.68      -33.73%
                                                                                                 cost
                                                                                                 Decrease in interest
 Financial expenses                     24,322,562.64             39,341,301.37      -38.18%
                                                                                                 expense
 Gains from change of fair                                                                       Adjustment of fair value of
                                        9,903,745.77              58,798,815.22      -83.16%
 value (“-“ for loss)                                                                          investment real estate
                                                                                                 Lawsuit compensation
 Non-business expenses                  3,816,088.83              15,672,186.75      -75.65%     provided in the same
                                                                                                 period last year
 Cash received from sales of
                                                                                                 Presales of Fangda Town
 products and providing of            2,626,024,154.09           1,476,173,288.50     77.89%
                                                                                                 project
 services
                                                                                                 Prepaid tax for Fangda
 Taxes paid                            204,252,974.89             77,538,406.71      163.42%
                                                                                                 Town
 Cash paid for construction
 of fixed assets, intangible                                                                     Continuous investment in
                                        62,258,301.30             41,971,808.53       48.33%
 assets and other long-term                                                                      PV power plants
 assets
                                                                                                 Increase in purchase of
 Cash paid as investment               477,000,000.00            171,700,000.00      177.81%
                                                                                                 financial products
                                                                                                 Investment payment
 Cash received from
                                       460,899,992.60                                            received from non-public
 investment
                                                                                                 issuance
 Cash paid as dividend,                                                                          Increase in distribution of
                                       131,200,941.87             84,496,924.61       55.27%
 profit, or interests                                                                            dividends




2. Progress of key issues and its impacts and solutions

√ Applicable □ Inapplicable
1. The Fangda Town renovation project started sales in January 2016. The sales result is good with a sales amount of
RMB1.778 billion by the end of the report period. The project will be delivered between the end of 2016 and 2017, by then
the revenue will be recorded.
2. The 2015 non-public A-share issuance was completed during the period. A total of 32,184,931 shares were issued on
Shenzhen Stock Exchange on August 1, 2016 to raise RMB469,899,992.60. The actual raised amount is RMB459,869,219.88
after the issuance cost of RMB10,030,772.72 is deducted. Details are disclosed as follows:

                  Key issue                             Date of disclosure                     Information source

                                                                                     China Securities Journal, Shanghai
Non-public A-share issuance                                                          Securities Daily, Securities Times,
                                          29.07.16
information and listing announcement                                                 HKCD (English) and
                                                                                     www.cninfo.com.cn




                                                                                                                               9
                                                                2016 Third Quarter Report of China Fangda Group Co., Ltd.


 3. Commitments performed and not performed by the Company, shareholders,
actual controller, purchaser, directors, supervisors, senior management or other
related parties during the report period

√ Applicable □ Inapplicable

            Commitment                 Acceptor          Type        Content        Date         Period    Performance

Share reform

Commitments in acquisition report
or share change report

Commitments made in asset
reorganization

                                     Caitong
                                     Fund
                                     Management
                                     Co., Ltd.,
                                     Changzhou
                                     Investment
                                     Group Co.,
                                     Ltd., First
                                     Capital
                                     Securities                   Locking of
                                     Co., Ltd.,                   the
                                     Fuguo Asset Share limited non-public
Commitments made in initial public                                                                         In
                                     Management sales             issued         01.08.16    12 months
issuance or refinancing                                                                                    performance
                                     (Shanghai)       commitment shares for 12
                                     Co., Ltd.,                   months in
                                     Sinomach                     2015
                                     Finance Co.,
                                     Ltd.,
                                     Minsheng
                                     Tonghui
                                     Asset
                                     Management
                                     Co., Lt., Ping
                                     An-UOB
                                     Fund

Option incentive scheme

Commitments made to
small-to-middle shareholders

Whether commitment is timely
                                     Yes
performed

If the commitment is not timely      Inapplicable


                                                                                                                      10
                                                                                2016 Third Quarter Report of China Fangda Group Co., Ltd.


performed, the reason and further
plan should be explained


4 Forecast of operating performance 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    held at        Closing
Securitie              Abbreviat                                                                             book       Gain/los Accounti
              Code                   investme beginnin sharehol                  end of        sharehol                                          Source
    s                        ion                                                                            value       s (RMB) ng item
                                      nt cost        g of the          ding        the           ding
                                                                                                            (RMB)
                                                        period                   period
                                                        (share)                  (share)

                       Sino Oil                                                                                                     Transacti
                       and Gas 16,263,67 82,680,00                                                                      1,957,710 onal
Stock       00702                                                       0.21%              0      0.00%          0.00                           Buy-in
                       Holdings               5.00                0                                                           .84 financial
                       Ltd                                                                                                          assets

                                     16,263,67 82,680,00                                                                1,957,710
Total                                                                   --                 0       --            0.00                  --          --
                                              5.00                0                                                           .84

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

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


6. Derivative investment

√ Applicable □ Inapplicable
                                                                                                                                            In RMB10,000

Derivati                                                                                   Amount Amount Impair                       Proport Actual
                                                                                 Initial                                    Closing
   ve                Related                                                               bought         sold      ment               ion of    gain/lo
           Relatio                            Initial      Start        End     investm                                     investm
investm              transac       Type                                                        in the     the    provisio              closing    ss in
            nship                            amount        date         date      ent                                         ent
  ent                 tion                                                                     report   report      n (if             investm      the
                                                                                amount                                      amount
operato                                                                                        period period        any)                 ent      report


                                                                                                                                                          11
                                                                  2016 Third Quarter Report of China Fangda Group Co., Ltd.


     r                                                                                                        amount period
                                                                                                              in the
                                                                                                              closing
                                                                                                               net
                                                                                                              assets
                                                                                                              in the
                                                                                                              report
                                                                                                              period

Shangh
                            Shangh
ai
                            ai         8,775.7 01.01.1 15.08.1              8,775.7 4,719.2         4,056.5
Futures None       No                                                   0                                      2.23% 405.54
                            aluminu          66         7                        6       5               1
Exchan
                            m
ge

                                       8,775.7                              8,775.7 4,719.2         4,056.5
Total                                             --        --          0                                      2.23% 405.54
                                             6                                   6       5               1

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
                                      To prevent the risk of fluctuation of raw material prices, the Company adopted the
measures for the derivative
                                      aluminum futures exchanged at the domestic futures exchange to provide hedging
holding in the report period
                                      for aluminum as a raw material for the Company. The Company has set up and
(including without limitation
                                      implemented the Provicial Regulations on China Fangda Group Domestic Futures
market, liquidity, credit, operaton
                                      Hedging to prevent risks.
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 should       Measured at the open quotation of derivative fair value in the futures market
disclose the method used and
related assumptions and
parameters.

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



                                                                                                                           12
                                                             2016 Third Quarter Report of China Fangda Group Co., Ltd.


Opinions 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             Study information source

                                                                                  Investment relationship activity table
16.08.16                        Onsite investigation   Institution
                                                                                  published on www.cninfo.com.cn

                                                                                  Investment relationship activity table
08.09.16                        Onsite investigation   Institution
                                                                                  published on www.cninfo.com.cn


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.




                                                                                                                           13
                                                      2016 Third Quarter Report of China Fangda Group Co., Ltd.




                                        IV Financial Statements

1. Financial statements

1. Consolidated Balance Sheet

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

                 Items                         Closing balance                       Ending balance

Current asset:

    Monetary capital                                        887,706,366.78                      400,953,337.32

    Settlement provision

    Outgoing call loan

    Financial assets measured at fair
value with variations accounted into                                     0.00                    14,546,206.58
current income account

    Derivative financial assets                                  1,435,025.00

    Notes receivable                                          28,289,083.79                      97,247,660.56

    Account receivable                                     1,610,030,859.98                   1,405,718,134.89

    Prepayment                                                51,840,443.16                      30,057,063.90

    Insurance receivable

    Reinsurance receivable

    Provisions of Reinsurance
contracts receivable

    Interest receivable

    Dividend receivable

    Other receivables                                         61,383,733.82                      53,095,948.46

    Repurchasing of financial assets

    Inventory                                              1,857,922,617.59                   1,346,591,303.53

    Assets held for sales

    Non-current assets due in 1 year

    Other current assets                                    367,984,615.98                       11,395,718.05

Total current assets                                       4,866,592,746.10                   3,359,605,373.29

Non-current assets:

    Loan and advancement provided


                                                                                                            14
                                            2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Sellable financial assets

     Investment held until mature

     Long-term receivable

     Long-term share equity investment              12,519,346.26                      10,489,680.93

     Investment real estate                       346,571,300.62                      335,328,805.74

     Fixed assets                                 565,034,427.66                      462,648,998.51

     Construction in process                         3,898,800.79                      15,134,390.90

     Engineering materials

     Disposal of fixed assets                            3,665.29                           5,326.79

     Productive biological assets                            0.00

     Gas & petrol                                            0.00

     Intangible assets                              92,228,939.50                      95,062,982.48

     R&D expense                                             0.00

     Goodwill                                       19,826,696.97                      19,826,696.97

     Long-term amortizable expenses                  5,549,048.04                       6,614,788.88

     Deferred income tax assets                     76,204,183.33                      65,926,810.52

     Other non-current assets                       78,018,587.31                      93,503,956.39

Total of non-current assets                      1,199,854,995.77                   1,104,542,438.11

Total of assets                                  6,066,447,741.87                   4,464,147,811.40

Current liabilities

     Short-term loans                             855,000,000.00                    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                        0.00

     Notes payable                                506,899,501.73                      303,527,639.63

     Account payable                              869,821,992.09                      867,628,355.65

     Prepayment received                         1,148,837,603.48                     130,574,319.85

     Selling of repurchased financial
assets

     Fees and commissions payable



                                                                                                  15
                                             2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Employees’ wage payable                        19,930,967.66                      40,942,428.05

     Taxes payable                                   57,263,665.07                      67,533,433.70

     Interest payable                                 2,398,598.66                       3,241,834.43

     Dividend payable

     Other payables                                  53,409,632.80                      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 year                    0.00

     Other current liabilities                                0.00                      98,425,600.00

Total current liabilities                         3,513,561,961.49                   2,742,508,733.94

Non-current liabilities:

     Long-term loans                               634,006,819.03                      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                          2,406,519.03                       1,921,446.51

     Deferred earning                                12,476,186.29                      12,284,195.68

     Deferred income tax liabilities                 76,150,838.63                      72,994,768.34

     Other non-current liabilities                            0.00

Total of non-current liabilities                   725,040,362.98                      387,595,992.59

Total liabilities                                 4,238,602,324.47                   3,130,104,726.53

Owner’s equity:

     Share capital                                 789,094,836.00                      756,909,905.00

     Other equity tools

        Including: preferred stock

                Perpetual bond

     Capital reserves                              506,784,002.26                       79,099,619.14




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                                                               2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Less: Shares in stock

     67. Other miscellaneous income                                      1,348,294.04                           91,831.63

     Special reserves

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

     Common risk provisions

     Retained profit                                                 470,836,923.32                      432,271,424.56

Total of owner’s equity belong to the
                                                                    1,819,187,610.13                   1,319,496,334.84
parent company

     Minor shareholders’ equity                                         8,657,807.27                     14,546,750.03

Total of owners’ equity                                            1,827,845,417.40                   1,334,043,084.87

Total of liabilities and owner’s interest                          6,066,447,741.87                   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                        Ending balance

Current asset:

     Monetary capital                                                  98,489,959.16                      25,833,130.83

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

     Derivative financial assets

     Notes receivable

     Account receivable                                                    22,865.24                           345,960.74

     Prepayment                                                            18,722.97                            67,893.61

     Interest receivable

     Dividend receivable                                                         0.00

     Other receivables                                                819,894,332.43                     375,591,349.76

     Inventory

     Assets held for sales

     Non-current assets due in 1 year

     Other current assets                                                 623,472.42                           990,624.25

Total current assets                                                  919,049,352.22                     402,828,959.19

Non-current assets:



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                                              2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Sellable financial assets

     Investment held until mature

     Long-term receivable

     Long-term share equity investment               969,730,314.46                     967,700,649.13

     Investment real estate                          300,742,128.44                     290,288,531.53

     Fixed assets                                     55,690,656.96                      57,647,245.73

     Construction in process

     Engineering materials

     Disposal of fixed assets

     Productive biological assets

     Gas & petrol

     Intangible assets                                 1,625,285.28                       1,907,601.33

     R&D expense

     Goodwill

     Long-term amortizable expenses                     324,342.97                          403,800.10

     Deferred income tax assets                       37,762,333.93                      37,948,384.39

     Other non-current assets                        120,000,000.00                     220,000,000.00

Total of non-current assets                        1,485,875,062.04                   1,575,896,212.21

Total of assets                                    2,404,924,414.26                   1,978,725,171.40

Current liabilities

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

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

     Derivative financial liabilities

     Notes payable                                    33,692,909.97

     Account payable                                    606,941.85                          606,941.85

     Prepayment received                                993,045.60                          748,421.47

     Employees’ wage payable                           919,883.43                        1,868,710.30

     Taxes payable                                      425,163.82                        1,338,421.09

     Interest payable                                   456,145.83                          726,993.55

     Dividend payable

     Other payables                                  253,804,030.58                     155,183,721.49

     Liabilities held for sales

     Non-current liabilities due in 1 year


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                                                                  2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Other current liabilities                                                       0.00                       98,425,600.00

Total current liabilities                                                640,898,121.08                        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                                     123,894,195.17                        120,953,378.63

     Other non-current liabilities

Total of non-current liabilities                                         123,894,195.17                        120,953,378.63

Total liabilities                                                        764,792,316.25                        729,852,188.38

Owner’s equity:

     Share capital                                                       789,094,836.00                        756,909,905.00

     Other equity tools

        Including: preferred stock

                Perpetual bond

     Capital reserves                                                    466,283,346.88                         38,598,963.76

     Less: Shares in stock

     67. Other miscellaneous income                                           91,831.63                             91,831.63

     Special reserves

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

     Retained profit                                                     333,538,528.99                        402,148,728.12

Total of owners’ equity                                                1,640,132,098.01                     1,248,872,983.02

Total of liabilities and owner’s interest                              2,404,924,414.26                     1,978,725,171.40


3. Consolidated Income Statement of the Report Period

                                                                                                                          In RMB

                    Items                    Amount occurred in the current period          Occurred in previous period



                                                                                                                              19
                                         2016 Third Quarter Report of China Fangda Group Co., Ltd.


1. Total revenue                            731,795,188.23                         692,471,803.42

       Incl. Business income                731,795,188.23                         692,471,803.42

              Interest income

              Insurance fee earned

              Fee and commission
received

2. Total business cost                      669,723,232.46                         702,340,264.75

       Incl. Business cost                  586,182,911.95                         604,206,824.70

              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
                                              2,248,517.37                           6,705,953.13
surcharge

              Sales expense                  13,059,085.05                          17,049,941.22

              Administrative expense         42,074,537.95                          41,972,129.03

              Financial expenses              6,734,708.08                          13,731,566.70

              Asset impairment loss          19,423,472.06                          18,673,849.97

       Plus: gains from change of fair
                                               -259,664.68                          23,353,053.91
value (“-“ for loss)

           Investment gains (“-“ for
                                              2,714,389.76                             -29,732.90
loss)

              Incl. Investment gains
                                               -570,556.79                             -43,837.01
from affiliates and joint ventures

           Exchange gains (“-“ for
loss)

3. Operational profit (“-“ for loss)       64,526,680.85                          13,454,859.68

       Plus: non-operational income           3,671,724.85                           2,430,547.71

           Incl. Loss from disposal of
                                                 38,076.85
non-current assets


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                                           2016 Third Quarter Report of China Fangda Group Co., Ltd.


       Less: non-operational
                                                 471,543.40                               29,054.96
expenditure

           Incl. Loss from disposal of
                                                  94,562.96                               22,418.03
non-current assets

4. Gross profit (“-“ for loss)               67,726,862.30                          15,856,352.43

       Less: Income tax expenses                7,987,577.22                            -248,196.41

5. Net profit (“-“ for net loss)             59,739,285.08                          16,104,548.84

       Net profit attributable to the
                                               61,100,083.90                          20,237,940.89
owners of parent company

       Minor shareholders’ equity             -1,360,798.82                          -4,133,392.05

6. After-tax net amount of other
                                                 210,601.16                            1,229,057.50
misc. incomes

  After-tax net amount of other
misc. incomes attributed to parent's             210,601.16                            1,229,057.50
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
                                                 210,601.16                            1,229,057.50
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               173,910.00                            1,229,057.50
flow



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                                                               2016 Third Quarter Report of China Fangda Group Co., Ltd.


              5. Translation difference
                                                                          36,691.16
of foreign exchange statement

              6. Others

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

7. Total of misc. incomes                                          59,949,886.24                            17,333,606.34

     Total of misc. incomes
attributable to the owners of the                                  61,310,685.06                            21,466,998.39
parent company

     Total misc gains attributable to
                                                                    -1,360,798.82                           -4,133,392.05
the minor shareholders

8. Earnings per share:

     (1) Basic earnings per share                                              0.08                                   0.03

     (2) Diluted earnings per share                                            0.08                                   0.03

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. Consolidated Income Statement of the Report Period

                                                                                                                     In RMB

                   Items                  Amount occurred in the current period        Occurred in previous period

1. Turnover                                                         7,463,131.10                              7,295,422.90

     Less: Operation cost                                           1,126,232.22                              1,283,898.45

           Business tax and
                                                                      230,773.43                               575,670.62
surcharge

           Sales expense

           Administrative expense                                   5,775,984.04                              6,942,135.20

           Financial expenses                                       1,900,739.52                              3,141,232.06

           Asset impairment loss                                      -22,147.35                            -1,237,554.45

     Plus: gains from change of fair
                                                                                                            25,486,927.91
value (“-“ for loss)

           Investment gains (“-“ for
                                                                     -570,556.79                                -33,237.01
loss)

           Incl. Investment gains from
                                                                     -570,556.79                                -43,837.01
affiliates and joint ventures

2. Operational profit (“-“ for loss)                              -2,119,007.55                           22,043,731.92


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                                           2016 Third Quarter Report of China Fangda Group Co., Ltd.


       Plus: non-operational income             1,881,870.81                             722,641.52

           Incl. Loss from disposal of
non-current assets

       Less: non-operational
                                                                                            989.33
expenditure

           Incl. Loss from disposal of
                                                                                            989.33
non-current assets

3. Gross profit (“-“ for loss)                 -237,136.74                          22,765,384.11

       Less: Income tax expenses                  -61,545.95                           5,831,632.85

4. Net profit (“-“ for net loss)               -175,590.79                          16,933,751.26

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


                                                                                                 23
                                                              2016 Third Quarter Report of China Fangda Group Co., Ltd.


6. Total of misc. incomes                                           -175,590.79                          16,933,751.26

7. Earnings per share:

       (1) Basic earnings per share

       (2) Diluted earnings per share


5. Consolidated Income Statement Between the Beginning of the Year and End of the Report
Period

                                                                                                                   In RMB

                   Items                 Amount occurred in the current period       Occurred in previous period

1. Total revenue                                               1,741,251,237.98                       1,842,587,326.95

       Incl. Business income                                   1,741,251,237.98                       1,842,587,326.95

              Interest income

              Insurance fee earned

              Fee and commission
received

2. Total business cost                                         1,634,542,062.22                       1,816,903,028.98

       Incl. Business cost                                     1,417,490,531.56                       1,544,694,083.05

              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
                                                                   8,606,245.49                          24,243,193.35
surcharge

              Sales expense                                       38,476,387.89                          58,059,078.68

              Administrative expense                             115,875,289.97                         117,519,440.67

              Financial expenses                                  24,322,562.64                          39,341,301.37

              Asset impairment loss                               29,771,044.67                          33,045,931.86

       Plus: gains from change of fair
                                                                   9,903,745.77                          58,798,815.22
value (“-“ for loss)


                                                                                                                       24
                                           2016 Third Quarter Report of China Fangda Group Co., Ltd.


           Investment gains (“-“ for
                                                2,424,532.42                           1,518,264.78
loss)

           Incl. Investment gains from
                                                 -970,334.67                           1,213,157.93
affiliates and joint ventures

           Exchange gains (“-“ for
loss)

3. Operational profit (“-“ for loss)        119,037,453.95                          86,001,377.97

       Plus: non-operational income            10,035,454.01                           5,856,472.16

           Incl. Loss from disposal of
                                                 106,648.92                               50,854.12
non-current assets

       Less: non-operational
                                                3,816,088.83                          15,672,186.75
expenditure

           Incl. Loss from disposal of
                                                2,548,190.24                             527,223.08
non-current assets

4. Gross profit (“-“ for loss)              125,256,819.13                          76,185,663.38

       Less: Income tax expenses               16,889,272.63                          15,919,999.63

5. Net profit (“-“ for net loss)            108,367,546.50                          60,265,663.75

       Net profit attributable to the
                                              114,256,489.26                          71,555,589.76
owners of parent company

       Minor shareholders’ equity             -5,888,942.76                         -11,289,926.01

6. After-tax net amount of other
                                                1,256,462.41
misc. incomes

  After-tax net amount of other
misc. incomes attributed to parent's            1,256,462.41
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
                                                1,256,462.41
be re-classified into gain and loss

              1. Shares enjoyed in
other misc. incomes that cannot be

                                                                                                 25
                                                               2016 Third Quarter Report of China Fangda Group Co., Ltd.


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                                  1,219,771.25
flow

              5. Translation difference
                                                                          36,691.16
of foreign exchange statement

              6. Others

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

7. Total of misc. incomes                                         109,624,008.91                           60,265,663.75

       Total of misc. incomes
attributable to the owners of the                                 115,512,951.67                           71,555,589.76
parent company

       Total misc gains attributable to
                                                                    -5,888,942.76                         -11,289,926.01
the minor shareholders

8. Earnings per share:

       (1) Basic earnings per share                                            0.15                                  0.10

       (2) Diluted earnings per share                                          0.15                                  0.10

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                   .


6. Income Statement of the Parent Between the Beginning of the Year and End of the Report
Period

                                                                                                                    In RMB

                  Items                   Amount occurred in the current period       Occurred in previous period

1. Turnover                                                        21,963,021.73                           22,672,732.63

       Less: Operation cost                                         2,145,638.58                            2,954,114.33

           Business tax and
                                                                    1,450,961.07                            1,803,497.27
surcharge

           Sales expense

           Administrative expense                                  17,328,731.88                           18,219,065.91




                                                                                                                        26
                                           2016 Third Quarter Report of China Fangda Group Co., Ltd.


           Financial expenses                   5,460,370.26                           8,262,038.92

           Asset impairment loss                   -6,965.80                               8,851.54

       Plus: gains from change of fair
                                               10,453,596.91                          58,255,835.22
value (“-“ for loss)

           Investment gains (“-“ for
                                                 -964,910.01                           1,279,719.57
loss)

           Incl. Investment gains from
                                                 -970,334.67                           1,213,157.93
affiliates and joint ventures

2. Operational profit (“-“ for loss)          5,072,972.64                          50,960,719.45

       Plus: non-operational income             5,224,060.55                           1,474,496.81

           Incl. Loss from disposal of
                                                                                           3,581.20
non-current assets

       Less: non-operational
                                                  89,374.82                                4,093.73
expenditure

           Incl. Loss from disposal of
                                                                                           2,921.41
non-current assets

3. Gross profit (“-“ for loss)               10,207,658.37                          52,431,122.53

       Less: Income tax expenses                3,126,867.00                          13,461,315.63

4. Net profit (“-“ for net loss)              7,080,791.37                          38,969,806.90

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



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                                                                2016 Third Quarter Report of China Fangda Group Co., Ltd.


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                                            7,080,791.37                          38,969,806.90

7. Earnings per share:

       (1) Basic earnings per share

       (2) Diluted earnings per share


7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report
Period

                                                                                                                     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
                                                                 2,626,024,154.09                       1,476,173,288.50
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


                                                                                                                         28
                                        2016 Third Quarter Report of China Fangda Group Co., Ltd.


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                            1,289,574.20                           2,191,881.76

     Other cash received from
                                           104,789,436.94                          68,990,592.93
business operation

Sub-total of cash inflow from
                                         2,732,103,165.23                       1,547,355,763.19
business operations

     Cash paid for purchasing
                                         1,759,450,109.31                       1,496,112,218.86
products 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 fee and commission

     Cash paid for policy dividend

     Cash paid to and for the staff        185,909,998.13                         212,820,541.03

     Taxes paid                            204,252,974.89                          77,538,406.71

     Other cash paid for business
                                           129,430,336.40                         124,871,059.55
activities

Sub-total of cash outflow from
                                         2,279,043,418.73                       1,911,342,226.15
business operations

Cash flow generated by business
                                           453,059,746.50                        -363,986,462.96
operations, net

2. Cash flow generated by
investment:

     Cash received from investment
                                           237,446,806.49                         349,500,000.00
recovery

     Cash received as investment
                                             3,595,463.32                           2,505,106.85
profit



                                                                                              29
                                       2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Net cash retrieved from
disposal of fixed assets, intangible       14,192,782.10                             134,190.00
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
                                          255,235,051.91                         352,139,296.85
from investment

     Cash paid for construction of
fixed assets, intangible assets and        62,258,301.30                          41,971,808.53
other long-term assets

     Cash paid as investment              477,000,000.00                         171,700,000.00

     Net increase of loan against
pledge

     Net cash paid for acquiring
subsidiaries and other operational
units

     Other cash paid for investment         2,950,000.00                             306,400.00

Subtotal of cash outflows                 542,208,301.30                         213,978,208.53

Cash flow generated by investment
                                         -286,973,249.39                         138,161,088.32
activities, net

3. Cash flow generated by financing
activities:

     Cash received from investment        460,899,992.60

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

     Cash received from borrowed
                                        1,108,611,236.97                       1,371,417,018.19
loans

     Cash received from bond
placing

     Other cash received from
                                                  31.03
financing activities

Subtotal of cash inflow from
                                        1,569,511,260.60                       1,371,417,018.19
financing activities

     Cash paid to repay debts           1,107,925,600.00                         843,132,851.55




                                                                                             30
                                                              2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Cash paid as dividend, profit, or
                                                                 131,200,941.87                          84,496,924.61
interests

     Incl. Dividend and profit paid by
subsidiaries to minority shareholders

     Other cash paid for financing
                                                                   1,307,454.51                          53,939,000.00
activities

Subtotal of cash outflow from
                                                               1,240,433,996.38                         981,568,776.16
financing activities

Net cash flow generated by
                                                                 329,077,264.22                         389,848,242.03
financing activities

4. Influence of exchange rate
changes on cash and cash                                             552,729.65                             -24,807.16
equivalents

5. Net increase in cash and cash
                                                                 495,716,490.98                         163,998,060.23
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
                                                                 743,455,734.76                         266,636,292.42
equivalents at the end of the period


8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report
Period

                                                                                                                   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
                                                                  19,149,196.90                          16,554,613.66
products and providing of services

     Tax refunded

     Other cash received from
                                                                 613,546,935.28                        1,075,111,750.73
business operation

Sub-total of cash inflow from
                                                                 632,696,132.18                       1,091,666,364.39
business operations

     Cash paid for purchasing
                                                                   8,763,774.47                          43,918,453.72
products and services

     Cash paid to and for the staff                               10,673,941.85                          11,510,697.67

     Taxes paid                                                    3,209,222.02                            2,111,259.38

     Other cash paid for business                                921,945,103.13                       1,104,733,516.84


                                                                                                                       31
                                       2016 Third Quarter Report of China Fangda Group Co., Ltd.


activities

Sub-total of cash outflow from
                                          944,592,041.47                       1,162,273,927.61
business operations

Cash flow generated by business
                                         -311,895,909.29                         -70,607,563.22
operations, net

2. Cash flow generated by
investment:

     Cash received from investment
                                          161,000,000.00                          30,000,000.00
recovery

     Cash received as investment
                                           10,047,687.60                          25,034,495.04
profit

     Net cash retrieved from
disposal of fixed assets, intangible         300,000.00                                4,190.00
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
                                          171,347,687.60                          55,038,685.04
from investment

     Cash paid for construction of
fixed assets, intangible assets and          221,286.61                              761,887.01
other long-term assets

     Cash paid as investment               64,000,000.00

     Net cash paid for acquiring
subsidiaries and other operational
units

     Other cash paid for investment

Subtotal of cash outflows                  64,221,286.61                             761,887.01

Cash flow generated by investment
                                          107,126,400.99                          54,276,798.03
activities, net

3. Cash flow generated by financing
activities:

     Cash received from investment        460,899,992.60

     Cash received from borrowed
                                          350,000,000.00                         447,801,567.21
loans

     Cash received from bond
placing


                                                                                             32
                                         2016 Third Quarter Report of China Fangda Group Co., Ltd.


     Other cash received from
                                                    31.03
financing activities

Subtotal of cash inflow from
                                            810,900,023.63                         447,801,567.21
financing activities

     Cash paid to repay debts               448,425,600.00                         300,000,000.00

     Cash paid as dividend, profit, or
                                             90,479,214.49                          40,796,763.77
interests

     Other cash paid for financing
                                              1,307,454.51
activities

Subtotal of cash outflow from
                                            540,212,269.00                         340,796,763.77
financing activities

Net cash flow generated by
                                            270,687,754.63                         107,004,803.44
financing activities

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

5. Net increase in cash and cash
                                             65,918,246.33                          90,674,038.25
equivalents

     Plus: Balance of cash and cash
                                             25,582,149.17                          22,006,065.49
equivalents at the beginning of term

6. Balance of cash and cash
                                             91,500,395.50                         112,680,103.74
equivalents at the end of the period


2. Auditor‘s report

Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.




                                                                                               33