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2020年01月24日 星期五

方大B(200055)公告正文

方大B:2017年第三季度报告全文(英文版)

公告日期:2017-10-31

                China Fangda Group Co., Ltd. 2017 Third Quarter Report




China Fangda Group Co., Ltd.

  2017 Third Quarter Report




        October 2017




                                                                    1
                                           China Fangda Group Co., Ltd. 2017 Third Quarter Report




                            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. Wu Bohua, the manager of accounting department

declare: the Financial Report carried in this report is authentic and completed.




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                                                                          China Fangda Group Co., Ltd. 2017 Third Quarter Report




                                             II. General Information

1. Financial Highlight

Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years
□ Yes √ No

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

Total asset (RMB)                                     6,971,041,157.32                 6,787,051,278.08                              2.71%

Net profit attributable to the
shareholders of the listed company                    2,455,998,778.25                 2,364,262,560.28                              3.88%
(RMB)

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

Turnover (yuan)                               653,038,212.34                    -10.76%         2,052,749,153.63                    17.89%

Net profit attributable to
shareholders of the listed company            133,216,451.43                    118.03%             361,219,770.86                216.15%
(yuan)

Net profit attributable to the
shareholders of the listed company
                                              127,476,204.06                    126.14%             345,975,180.58                243.79%
and after deducting of
non-recurring gain/loss (RMB)

Net cash flow generated by
                                                 --                        --                       394,243,084.96                 -12.98%
business operation (RMB)

Basic earnings per share
                                                          0.11                  120.00%                       0.31                210.00%
(yuan/share)

Diluted Earnings per share
                                                          0.11                  120.00%                       0.31                210.00%
(yuan/share)

Weighted average net income/asset
                                                        5.60%                     1.86%                    14.91%                    7.01%
ratio

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                         -60,148.15



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                                                                          China Fangda Group Co., Ltd. 2017 Third Quarter Report


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                       2,697,021.24
and based on unified national standard quota)

Gain from entrusted investment or assets management                                  12,143,064.88

Gain/loss from change of fair value of investment property
                                                                                       2,973,747.00
measured at fair value in follow-up measurement

Other non-business income and expenditures other than the above                        2,504,939.74

Less: Influenced amount of income tax                                                  4,928,259.94

     Influenced amount of minority shareholders’ equity
                                                                                          85,774.49
(after-tax)

Total                                                                                15,244,590.28                   --

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. 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
                                                               59,052                                                                  0
shares at the end of the report period                                  voting rights recovered in the
                                                                        report period (if any)

                                                        Top 10 Shareholders

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

Shenzhen
Banglin            Domestic
Technologies       non-state legal                8.72%        103,161,409                       Pledged                    24,370,000
Development        person
Co., Ltd.

Shengjiu           Foreign legal
                                                  7.36%            87,165,339
Investment Ltd.    person

GUOTAI             Foreign legal                  4.10%            48,582,727


                                                                                                                                           4
                                                                 China Fangda Group Co., Ltd. 2017 Third Quarter Report


JUNAN                person
SECURITIES(H
ONGKONG)
LIMITED

Gong Qing
Cheng Shi Li He
Investment           Domestic
Management           non-state legal        2.26%         26,791,488
Partnership          person
Enterprise
(limited partner)

CITIC Securities
                     Foreign legal
Brokerage (Hong                             2.06%         24,375,858
                     person
Kong) Co., Ltd.

Shenwan
Hongyuan             Foreign legal
                                            1.67%         19,708,790
Securities (Hong person
Kong) Co., Ltd.

China Resource
SZITIC Trust –
China Resource
                     Others                 1.30%         15,383,404
Trust No.13
Collective Trust
Program

Yunnan
International
Trust CO., Ltd. –
                     Others                 1.12%         13,229,635
Juxin No.5
Collective Fund
Trust Program

                     Domestic natural
Zhou Shijian                                0.84%         10,000,000
                     person

Yunnan
International
Trust CO., Ltd. –
                     Others                 0.73%           8,635,314
Yunxia No.3
Collective Fund
Trust Program

                                         Top 10 holders of unconditional shares

                                                                                             Category of shares
              Shareholder               Amount of shares without sales restriction
                                                                                        Category of        Amount



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                                                                        China Fangda Group Co., Ltd. 2017 Third Quarter Report


                                                                                                         shares

Shenzhen Banglin Technologies                                                                       RMB common
                                                                                   103,161,409                            103,161,409
Development Co., Ltd.                                                                               shares

                                                                                                    Foreign shares
Shengjiu Investment Ltd.                                                            87,165,339 listed in domestic          87,165,339
                                                                                                    exchanges

GUOTAI JUNAN                                                                                        Foreign shares
SECURITIES(HONGKONG)                                                                48,582,727 listed in domestic          48,582,727
LIMITED                                                                                             exchanges

Gong Qing Cheng Shi Li He
                                                                                                    RMB common
Investment Management Partnership                                                   26,791,488                             26,791,488
                                                                                                    shares
Enterprise (limited partner)

                                                                                                    Foreign shares
CITIC Securities Brokerage (Hong
                                                                                    24,375,858 listed in domestic          24,375,858
Kong) Co., Ltd.
                                                                                                    exchanges

                                                                                                    Foreign shares
Shenwan Hongyuan Securities
                                                                                    19,708,790 listed in domestic          19,708,790
(Hong Kong) Co., Ltd.
                                                                                                    exchanges

China Resource SZITIC Trust –
                                                                                                    RMB common
China Resource Trust No.13                                                          15,383,404                             15,383,404
                                                                                                    shares
Collective Trust Program

Yunnan International Trust CO., Ltd.
                                                                                                    RMB common
– Juxin No.5 Collective Fund Trust                                                 13,229,635                             13,229,635
                                                                                                    shares
Program

                                                                                                    RMB common
Zhou Shijian                                                                        10,000,000                             10,000,000
                                                                                                    shares

Yunnan International Trust CO., Ltd.
                                                                                                    RMB common
– Yunxia No.3 Collective Fund Trust                                                  8,635,314                             8,635,314
                                                                                                    shares
Program

                                       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 Gong Qing Cheng Shi Li He Investment Management Partnership
relationship or "action in concert"
                                       Enterprise are related parties. The Company is not notified of other action-in-concert or
                                       related parties among the other holders of current shares.

Top-10 common share shareholders Zhou Shijian holds 10,000,000 shares of the company through the client credit transaction
participating in margin trade (if any) guarantee account of GF Securities.

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


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                                                       China Fangda Group Co., Ltd. 2017 Third Quarter Report


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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                                                                       China Fangda Group Co., Ltd. 2017 Third Quarter Report




                                                     III Significant Events

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

        √ Applicable □ Inapplicable

                                                                                      YOY
                                        Closing balance       Opening balance
             Items                                                                    change                Cause of change
                                             (RMB)                 (RMB)
                                                                                       (% )
Monetary capital                        1,645,487,558.41       1,095,229,837.90        50.24%    Property sales payment received
Prepayment                                  77,748,206.13         31,526,326.25       146.61%    Increase in prepayment to suppliers
Other current assets                       107,029,683.87         62,206,574.33        72.06%    Increase in bank financial products
Long-term share equity                                                                           Increase in investment in joint
                                            15,831,304.52         12,105,030.68        30.78%
investment                                                                                       ventures
                                                                                                 Decrease in prepaid property
Other non-current assets                    30,567,973.38         61,184,253.71       -50.04%
                                                                                                 purchase amount
Short-term loans                        1,000,000,000.00         591,000,000.00        69.20%    Increase in bank borrowings
Taxes payable                               65,792,129.45        192,236,574.40       -65.78%    Corporate income tax and VAT paid
                                                                                                 Transfer of items to be amortized into
Other current liabilities                    4,834,975.32         35,148,084.44       -86.24%
                                                                                                 unamortized tax
Share capital                           1,183,642,254.00         789,094,836.00        50.00%    Capitalization of capital reserve
Capital reserves                            72,829,484.96        467,376,902.96       -84.42%    Capitalization of capital reserve
                                                                                                 Transfer of self-used property into
Other miscellaneous income                   8,830,094.23          2,130,454.52       314.47%
                                                                                                 property held for investment
                                  Between beginning of
                                                                                      YOY
                                  the year to the end of    Same period last year
             Items                                                                    change                Cause of change
                                        the report period          (RMB)
                                                                                       (% )
                                             (RMB)
                                                                                                 Provision of Fangda Town land VAT
Taxes and surcharges                       131,792,673.42          8,606,245.49      1431.36%
                                                                                                 and VAT surcharge
                                                                                                 Stopping capitalization of interest
Financial expenses                          41,975,850.30         24,322,562.64        72.58%    expense of the phase I of the Fangda
                                                                                                 Town project
                                                                                                 Change in the accounting estimate of
Asset impairment loss                      -48,121,560.56         29,771,044.67      -261.64%
                                                                                                 bad debt provision
Gain caused by changes in                                                                        Adjustment of fair value of
                                             2,973,747.00          9,903,745.77       -69.97%
fair value                                                                                       investment real estate
                                                                                                 Increase in gains from bank financial
Investment income                           10,861,727.87          2,424,532.42       347.99%
                                                                                                 products
                                                                                                 Increase in the profit of Fangda Town
Income tax expenses                         68,024,588.73         16,889,272.63       302.77%
                                                                                                 project
Other cash received from                   213,901,169.92        104,789,436.94       104.12%    Refunding of property sales


                                                                                                                                8
                                                                                  China Fangda Group Co., Ltd. 2017 Third Quarter Report


business operation                                                                                                guarantee by bank mortgage
Taxes paid                                  358,300,385.82                204,252,974.89              75.42%      Corporate income tax and VAT paid
Other cash paid for business                                                                                      Increase of property sales guarantee
                                            268,199,654.52                129,430,336.40             107.22%
activities                                                                                                        by bank mortgage
Cash received from
                                         8,092,089,184.54                 237,446,806.49           3307.96%       Redemption of financial products
investment recovery
Cash received as investment                                                                                       Increase in gains from bank financial
                                             13,773,697.27                   3,595,463.32            283.09%
profit                                                                                                            products
Cash paid for construction of
fixed assets, intangible                                                                                          Delay in investment in PV power
                                             33,608,087.17                  62,258,301.30            -46.02%
assets and other long-term                                                                                        plant projects
assets
Cash paid as investment                  8,146,400,000.00                 477,000,000.00           1607.84%       Increase in bank financial products
Cash paid to repay debts                    391,000,000.00             1,107,925,600.00              -64.71%      Decrease in mature band borrowings
Cash paid as dividend,
                                            337,538,336.38                131,200,941.87             157.27%      Increase in dividend distribution
profit, or interests




         2. Progress of key issues and its impacts and solutions

         √ Applicable □ Inapplicable
               Property project development progress:
               1. By the end of the report period, the total sales area was 65,400 m2, of which 64,000 m2 area has recognized income.      The
         business introduction is ongoing and expects to receive rental in the next year.
               2. Nanchang Phoenix Land project: Currently the project is preparing for preliminary design and plan approval and
         construction. It is an office building, business and apartment project and will be sold and leased. The construction will start in the end
         of the year. The construction period is about 2 years. The total construction area will be about 66,000 m 2.
               3. As of the disclosure date of the reporting period, the Company and Bangshen Electronics (Shenzhen) Co., Ltd. have signed
         the cooperation framework agreement for the Fangda Bangshen Industry Park renovation project. The project is located in Furong,
         Shenzhen and covers 20,714.9m2. Currently, the land is used as industrial plant and will be renovated as an M0 new-type industry
         project. Currently two parties are in the process of agreement negotiation and signing.


         3. Commitments that have not been fulfilled by actual controller, shareholders, related parties,
         acquirers of the Company

         □ Applicable √ Inapplicable
         There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of the Company


         4 Forecast of operating performance in 2017

         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



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                                                                                  China Fangda Group Co., Ltd. 2017 Third Quarter Report


5. Securities investment

□ Applicable √ Inapplicable
The Company made no investment in securities in the report period


6. Derivative investment

√ Applicable □ Inapplicable
                                                                                                                                                In RMB10,000

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

Shangha
                                  Shangha
i
                                  i           6,220.7 22.12.1 28.02.1           6,220.7 5,343.5 10,276.                         1,288.0
Futures No            No                                                                                                                      0.52%       930.4
                                  aluminu               86           8                    8         3           22                      9
Exchan
                                  m
ge

                                              6,220.7                           6,220.7 5,343.5 10,276.                         1,288.0
Total                                                         --          --                                                                  0.52%       930.4
                                                        8                                 8         3           22                      9

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 aluminum
for the derivative holding in the
                                             futures exchanged at the domestic futures exchange to provide hedging for aluminum as a
report period (including without
                                             raw material for the Company. The Company has set up and implemented the Provincial
limitation market, liquidity, credit,
                                             Regulations on China Fangda Group Domestic Futures Hedging to prevent risks.
operation and legal risks)


                                                                                                                                                                 10
                                                                           China Fangda Group Co., Ltd. 2017 Third Quarter Report


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

Material changes in the accounting
                                           The Company decides to implement the Temporary Provisions on the Accounting of
policies and rules related to the
                                           Commodity Futures Hedging for its aluminum ingot futures contracts in the report period
derivative in the report period
                                           and no longer implement the Enterprise Accounting Standard No.24 – Hedging
compared to last period

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


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

√ Applicable □ Inapplicable

           Time/date                           Way                             Visitor                 Disclosure of information

02.08.17                          Onsite investigation           Institution                   Business and future development

16.08.17                          Onsite investigation           Institution                   Business and future development

31.08.17                          Onsite investigation           Institution                   Business and future development

08.09.17                          Others                         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.


10. Performance of poverty relieving responsibilities

1. Q3 poverty relieving summary

The Company donated totally RMB911,000 for targeted poverty in the third quarter of 2017:
(1) Donate RMB600,000 to the Jiangxi CPPCC overseas poverty relief foundation. The donation will be used to build health and
family planning service stations for 12 poor villages of Taihe county, Jiangxi.
(2) Donate RMB100,000 to the Nanchang Juvenile Development Foundation to set up the Nanchang Sanfeng Charity Foundation.


                                                                                                                                     11
                                                                           China Fangda Group Co., Ltd. 2017 Third Quarter Report


(3) Donate RMB50,000 to the Shenzhen Nanshan District Yuehai Sub-district Federation of Trade Unions for poverty relief of
Lianping county, Shenzhen, Guangdong.
(4) Donate RMB1,000 to set up the Shenzhen Nanshan District Elder Care Charity Foundation.
(5) Donate RMB120,000 to the Tibet Linzhi Cha'yu farm 8 th Tibet support team to help build the Cha’yu Farm Primary.
(6) Donate RMB10,000 to the Jiangxi Pingxiang Luxi Xuanfeng government for poverty relief and education support.
(7) Donate RMB30,000 to two students at Jiangxi Ganzhou Zhanggong district Shahe Longcun village.


2. Details


                                    Item                                            Unit                Qty/Description

1. General situation                                                                ——                     ——

  Including: 1. capital                                                        (in RMB10,000)                                91.1

2. Investment                                                                       ——                     ——

  1. Industry development poverty relief                                            ——                     ——

  2. Employment transfer                                                            ——                     ——

  3. Relocation                                                                     ——                     ——

  4. Education                                                                      ——                     ——

Including:       4.1 Sponsor to students from poor families                    (in RMB10,000)                                  3

              4.2 Number of students                                               Person                                      2

              4.3 Education investment in poor areas                           (in RMB10,000)                                 18

  5. Health care support                                                            ——                     ——

Including:         5.1 Contribution to health care sources in poor areas       (in RMB10,000)                                 60

  6. Eco-protection support                                                         ——                     ——

  7. Last-line guarantee                                                            ——                     ——

  8. Social poverty relieving                                                       ——                     ——

  9. Others                                                                         ——                     ——

Including:       9.1 Number of projects                                                                                        2

              9.2 Investment                                                   (in RMB10,000)                                10.1

3. Prizes                                                                           ——                     ——


3. Further property relief plans

The Company will donate RMB3 million through the Jiangxi Guangcai Business Promotion Society to support poverty relief in
Jiangxi.




                                                                                                                               12
                                                                 China Fangda Group Co., Ltd. 2017 Third Quarter Report




                                               IV Financial Statements

1. Financial statements

1. Consolidated Balance Sheet

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

                   Items                               Closing balance                       Opening balance

Current asset:

     Monetary capital                                              1,645,487,558.41                   1,095,229,837.90

     Settlement provision

     Outgoing call loan

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

     Derivative financial assets                                           124,128.00                     2,232,200.00

     Notes receivable                                                    18,499,631.99                   18,898,106.11

     Account receivable                                            1,965,776,007.03                   2,342,929,628.14

     Prepayment                                                          77,748,206.13                   31,526,326.25

     Insurance receivable

     Reinsurance receivable

     Provisions of Reinsurance contracts
receivable

     Interest receivable                                                                                       302,950.68

     Dividend receivable

     Other receivables                                                   54,473,419.73                   57,378,994.72

     Repurchasing of financial assets

     Inventory                                                     1,917,297,358.74                   1,990,621,059.27

     Assets held for sales

     Non-current assets due in 1 year

     Other current assets                                            107,029,683.87                      62,206,574.33

Total current assets                                               5,786,435,993.90                   5,601,325,677.40

Non-current assets:

     Loan and advancement provided


                                                                                                                       13
                                               China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Sellable financial assets                      28,562,575.67                      28,562,575.67

     Investment held until mature

     Long-term receivable

     Long-term share equity investment              15,831,304.52                      12,105,030.68

     Investment real estate                        343,190,956.29                     333,795,631.30

     Fixed assets                                  492,174,639.61                     506,819,266.38

     Construction in process                         2,590,536.68                       2,537,725.36

     Engineering materials

     Disposal of fixed assets                            3,601.59

     Productive biological assets

     Gas & petrol

     Intangible assets                              60,249,472.17                      60,228,652.69

     R&D expense

     Goodwill

     Long-term amortizable expenses                  2,665,605.83                       3,695,766.33

     Deferred income tax assets                    208,768,497.68                     176,796,698.56

     Other non-current assets                       30,567,973.38                      61,184,253.71

Total of non-current assets                      1,184,605,163.42                   1,185,725,600.68

Total of assets                                  6,971,041,157.32                   6,787,051,278.08

Current liabilities

     Short-term loans                            1,000,000,000.00                     591,000,000.00

     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

     Notes payable                                 454,199,149.00                     557,301,320.45

     Account payable                             1,016,061,011.35                   1,275,255,961.34

     Prepayment received                           230,781,117.14                     285,905,444.13

     Selling of repurchased financial assets

     Fees and commissions payable

     Employees’ wage payable                       21,797,164.97                      41,972,342.66

     Taxes payable                                  65,792,129.45                     192,236,574.40


                                                                                                  14
                                             China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Interest payable                              2,572,755.20                       2,634,979.47

     Dividend payable

     Other payables                              449,875,281.20                     366,182,799.41

     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       150,000,000.00

     Other current liabilities                     4,834,975.32                      35,148,084.44

Total current liabilities                      3,395,913,583.63                   3,347,637,506.30

Non-current liabilities:

     Long-term loans                             943,978,153.39                     922,169,568.24

     Bond payable

        Including: preferred stock

                Perpetual bond

     Long-term payable

     Long-term employees’ wage payable

     Special payables

     Anticipated liabilities                       3,530,415.48                       3,156,625.24

     Deferred earning                             11,094,290.35                      11,567,224.78

     Deferred income tax liabilities             223,203,237.19                     200,207,003.35

     Other non-current liabilities

Total of non-current liabilities               1,181,806,096.41                   1,137,100,421.61

Total liabilities                              4,577,719,680.04                   4,484,737,927.91

Owner’s equity:

     Share capital                             1,183,642,254.00                     789,094,836.00

     Other equity tools

        Including: preferred stock

                Perpetual bond

     Capital reserves                             72,829,484.96                     467,376,902.96

     Less: Shares in stock

     Other miscellaneous income                    8,830,094.23                       2,130,454.52

     Special reserves



                                                                                                15
                                                                      China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Surplus reserves                                                          88,839,790.50                  88,839,790.50

     Common risk provisions

     Retained profit                                                     1,101,857,154.56                  1,016,820,576.30

Total of owner’s equity belong to the
                                                                         2,455,998,778.25                  2,364,262,560.28
parent company

     Minor shareholders’ equity                                           -62,677,300.97                     -61,949,210.11

Total of owners’ equity                                                 2,393,321,477.28                  2,302,313,350.17

Total of liabilities and owner’s interest                               6,971,041,157.32                  6,787,051,278.08


Legal representative: Xiong Jianming           CFO: Lin Kebing          Accounting Manager: Wu Bohua


2. Balance Sheet of the Parent Company

                                                                                                                       In RMB

                       Items                                 Closing balance                      Opening balance

Current asset:

     Monetary capital                                                     466,234,131.67                      81,148,314.87

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

     Derivative financial assets

     Notes receivable

     Account receivable                                                                                             454,140.85

     Prepayment                                                                   59,186.69                         110,132.27

     Interest receivable

     Dividend receivable                                                                                     430,000,000.00

     Other receivables                                                    639,174,160.37                     459,354,983.42

     Inventory

     Assets held for sales

     Non-current assets due in 1 year

     Other current assets                                                        174,324.14                         334,228.97

Total current assets                                                     1,105,641,802.87                    971,401,800.38

Non-current assets:

     Sellable financial assets                                                 28,562,575.67                  28,562,575.67

     Investment held until mature

     Long-term receivable



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                                               China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Long-term share equity investment             902,704,076.20                     897,444,525.03

     Investment real estate                        307,321,568.00                     296,740,660.63

     Fixed assets                                   56,391,741.29                      55,081,689.15

     Construction in process

     Engineering materials

     Disposal of fixed assets

     Productive biological assets

     Gas & petrol

     Intangible assets                               2,253,503.19                       1,531,179.93

     R&D expense

     Goodwill

     Long-term amortizable expenses                   501,849.95                          252,857.40

     Deferred income tax assets                     66,480,165.25                      57,076,777.66

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

Total of non-current assets                      1,484,215,479.55                   1,456,690,265.47

Total of assets                                  2,589,857,282.42                   2,428,092,065.85

Current liabilities

     Short-term loans                              340,000,000.00                     190,000,000.00

     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                              693,045.60                          965,234.08

     Employees’ wage payable                        1,015,430.85                       2,338,896.51

     Taxes payable                                    564,787.44                          460,424.30

     Interest payable                                 272,720.83                          288,513.75

     Dividend payable

     Other payables                                357,303,942.79                      65,436,929.77

     Liabilities held for sales

     Non-current liabilities due in 1 year

     Other current liabilities

Total current liabilities                          700,456,869.36                     293,789,850.23

Non-current liabilities:


                                                                                                  17
                                                                     China Fangda Group Co., Ltd. 2017 Third Quarter Report


     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                                      127,645,942.41                        124,088,349.06

     Other non-current liabilities

Total of non-current liabilities                                          127,645,942.41                        124,088,349.06

Total liabilities                                                         828,102,811.77                        417,878,199.29

Owner’s equity:

     Share capital                                                      1,183,642,254.00                        789,094,836.00

     Other equity tools

        Including: preferred stock

                Perpetual bond

     Capital reserves                                                      71,736,128.89                        466,283,546.89

     Less: Shares in stock

     Other miscellaneous income                                              8,756,553.46                            91,831.63

     Special reserves

     Surplus reserves                                                      88,839,790.50                         88,839,790.50

     Retained profit                                                      408,779,743.80                        665,903,861.54

Total of owners’ equity                                                1,761,754,470.65                      2,010,213,866.56

Total of liabilities and owner’s interest                              2,589,857,282.42                      2,428,092,065.85


3. Consolidated Income Statement of the Report Period

                                                                                                                          In RMB

                    Items                    Amount occurred in the current period          Occurred in previous period

1. Total revenue                                                      653,038,212.34                            731,795,188.23

     Incl. Business income                                            653,038,212.34                            731,795,188.23

              Interest income

              Insurance fee earned



                                                                                                                              18
                                                China Fangda Group Co., Ltd. 2017 Third Quarter Report


              Fee and commission
received

2. Total business cost                          527,570,947.26                         669,723,232.46

       Incl. Business cost                      469,496,033.48                         586,182,911.95

              Interest expense

              Fee and commission paid

              Insurance discharge
payment

              Net claim amount paid

              Net insurance policy
reserves provided

              Insurance policy dividend
paid

              Reinsurance expenses

              Taxes and surcharges               27,720,396.62                           2,248,517.37

              Sales expense                      16,873,111.63                          13,059,085.05

              Administrative expense             35,616,297.32                          42,074,537.95

              Financial expenses                 16,078,535.41                           6,734,708.08

              Asset impairment loss             -38,213,427.20                          19,423,472.06

       Plus: gains from change of fair
                                                  2,274,935.37                            -259,664.68
value (―-― for loss)

            Investment gains (―-― for loss)     3,981,131.60                           2,714,389.76

              Incl. Investment gains from
                                                   -647,094.54                            -570,556.79
affiliates and joint ventures

            Exchange gains (―-― for loss)

            Other gains

3. Operational profit (―-― for loss)          131,723,332.05                          64,526,680.85

       Plus: non-operational income               2,549,594.75                           3,671,724.85

            Incl. Loss from disposal of
                                                     37,960.40                              38,076.85
non-current assets

       Less: non-operational expenditure          1,043,005.95                             471,543.40

            Incl. Loss from disposal of
                                                     10,864.23                              94,562.96
non-current assets

4. Gross profit (―-― for loss)                133,229,920.85                          67,726,862.30

       Less: Income tax expenses                   256,484.21                            7,987,577.22

5. Net profit (―-― for net loss)              132,973,436.64                          59,739,285.08



                                                                                                   19
                                               China Fangda Group Co., Ltd. 2017 Third Quarter Report


       Net profit attributable to the
                                               133,216,451.43                          61,100,083.90
owners of parent company

       Minor shareholders’ equity                -243,014.79                          -1,360,798.82

6. After-tax net amount of other misc.
                                                 8,481,869.86                             210,601.16
incomes

  After-tax net amount of other misc.
                                                 8,481,869.86                             210,601.16
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
                                                 8,481,869.86                             210,601.16
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
                                                    96,269.40                             173,910.00
and loss of arbitrage of cash flow

               5. Translation difference of
                                                  -279,121.37                              36,691.16
foreign exchange statement

               6. Others                         8,664,721.83

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

7. Total of misc. incomes                      141,455,306.50                          59,949,886.24

       Total of misc. incomes attributable
                                               141,698,321.29                          61,310,685.06
to the owners of the parent company

       Total misc gains attributable to the       -243,014.79                          -1,360,798.82


                                                                                                  20
                                                                        China Fangda Group Co., Ltd. 2017 Third Quarter Report


minor shareholders

8. Earnings per share:

     (1) Basic earnings per share                                                  0.11                                          0.05

     (2) Diluted earnings per share                                                0.11                                          0.05

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: Wu Bohua


4. Consolidated Income Statement of the Report Period

                                                                                                                            In RMB

                    Items                      Amount occurred in the current period          Occurred in previous period

1. Turnover                                                               7,143,696.79                               7,463,131.10

     Less: Operation cost                                                   863,777.60                               1,126,232.22

           Taxes and surcharges                                             333,780.40                                 230,773.43

           Sales expense                                                          0.00

           Administrative expense                                         5,766,693.63                               5,775,984.04

           Financial expenses                                            -1,173,575.45                               1,900,739.52

           Asset impairment loss                                             56,567.43                                  -22,147.35

     Plus: gains from change of fair
                                                                          1,820,847.37
value (―-― for loss)

           Investment gains (―-― for loss)                              1,479,735.59                                 -570,556.79

           Incl. Investment gains from
                                                                            876,182.79                                 -570,556.79
affiliates and joint ventures

           Other gains

2. Operational profit (―-― for loss)                                    4,597,036.14                               -2,119,007.55

     Plus: non-operational income                                             4,105.20                               1,881,870.81

           Incl. Loss from disposal of
                                                                                  0.00
non-current assets

     Less: non-operational expenditure                                      121,000.00

           Incl. Loss from disposal of
                                                                                  0.00
non-current assets

3. Gross profit (―-― for loss)                                          4,480,141.34                                 -237,136.74

     Less: Income tax expenses                                          -10,035,082.23                                  -61,545.95

4. Net profit (―-― for net loss)                                       14,515,223.57                                 -175,590.79

5. After-tax net amount of other misc.                                    8,664,721.83


                                                                                                                                   21
                                                                      China Fangda Group Co., Ltd. 2017 Third Quarter Report


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
                                                                         8,664,721.83
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                                                  8,664,721.83

6. Total of misc. incomes                                               23,179,945.40                             -175,590.79

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                                                     2,052,749,153.63                        1,741,251,237.98

       Incl. Business income                                         2,052,749,153.63                        1,741,251,237.98

              Interest income


                                                                                                                             22
                                                 China Fangda Group Co., Ltd. 2017 Third Quarter Report


              Insurance fee earned

              Fee and commission
received

2. Total business cost                          1,645,174,343.12                      1,634,542,062.22

       Incl. Business cost                      1,372,893,960.45                      1,417,490,531.56

              Interest expense

              Fee and commission paid

              Insurance discharge
payment

              Net claim amount paid

              Net insurance policy
reserves provided

              Insurance policy dividend
paid

              Reinsurance expenses

              Taxes and surcharges               131,792,673.42                           8,606,245.49

              Sales expense                       40,010,393.40                          38,476,387.89

              Administrative expense             106,623,026.11                         115,875,289.97

              Financial expenses                  41,975,850.30                          24,322,562.64

              Asset impairment loss               -48,121,560.56                         29,771,044.67

       Plus: gains from change of fair
                                                   2,973,747.00                           9,903,745.77
value (―-― for loss)

            Investment gains (―-― for loss)     10,861,727.87                           2,424,532.42

            Incl. Investment gains from
                                                   -1,273,726.16                           -970,334.67
affiliates and joint ventures

            Exchange gains (―-― for loss)

            Other gains

3. Operational profit (―-― for loss)           421,410,285.38                         119,037,453.95

       Plus: non-operational income                8,498,874.38                          10,035,454.01

            Incl. Loss from disposal of
                                                      71,273.94                             106,648.92
non-current assets

       Less: non-operational expenditure           1,392,891.03                           3,816,088.83

            Incl. Loss from disposal of
                                                     131,422.09                           2,548,190.24
non-current assets

4. Gross profit (―-― for loss)                 428,516,268.73                         125,256,819.13

       Less: Income tax expenses                  68,024,588.73                          16,889,272.63



                                                                                                    23
                                               China Fangda Group Co., Ltd. 2017 Third Quarter Report


5. Net profit (―-― for net loss)             360,491,680.00                         108,367,546.50

       Net profit attributable to the
                                               361,219,770.86                         114,256,489.26
owners of parent company

       Minor shareholders’ equity                -728,090.86                          -5,888,942.76

6. After-tax net amount of other misc.
                                                 6,699,639.71                           1,256,462.41
incomes

  After-tax net amount of other misc.
                                                 6,699,639.71                           1,256,462.41
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
                                                 6,699,639.71                           1,256,462.41
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
                                                -1,685,960.75                           1,219,771.25
and loss of arbitrage of cash flow

               5. Translation difference of
                                                  -279,121.37                              36,691.16
foreign exchange statement

               6. Others                         8,664,721.83

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

7. Total of misc. incomes                      367,191,319.71                         109,624,008.91

       Total of misc. incomes attributable
                                               367,919,410.57                         115,512,951.67
to the owners of the parent company


                                                                                                  24
                                                                        China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Total misc gains attributable to the
                                                                           -728,090.86                               -5,888,942.76
minor shareholders

8. Earnings per share:

     (1) Basic earnings per share                                                 0.31                                           0.10

     (2) Diluted earnings per share                                               0.31                                           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                                                              20,997,817.08                              21,963,021.73

     Less: Operation cost                                                 1,667,373.48                               2,145,638.58

           Taxes and surcharges                                             987,119.06                               1,450,961.07

           Sales expense

           Administrative expense                                        18,323,645.88                              17,328,731.88

           Financial expenses                                            -2,618,598.83                               5,460,370.26

           Asset impairment loss                                             94,478.76                                   -6,965.80

     Plus: gains from change of fair
                                                                          1,820,847.37                              10,453,596.91
value (―-― for loss)

           Investment gains (―-― for loss)                              2,494,407.02                                 -964,910.01

           Incl. Investment gains from
                                                                            249,551.17                                 -970,334.67
affiliates and joint ventures

           Other gains

2. Operational profit (―-― for loss)                                    6,859,053.12                               5,072,972.64

     Plus: non-operational income                                         3,618,258.71                               5,224,060.55

           Incl. Loss from disposal of
non-current assets

     Less: non-operational expenditure                                      152,271.82                                   89,374.82

           Incl. Loss from disposal of
                                                                             31,271.82
non-current assets

3. Gross profit (―-― for loss)                                         10,325,040.01                              10,207,658.37

     Less: Income tax expenses                                           -8,734,034.85                               3,126,867.00

4. Net profit (―-― for net loss)                                       19,059,074.86                               7,080,791.37

5. After-tax net amount of other misc.
                                                                          8,664,721.83
incomes


                                                                                                                                   25
                                                                      China Fangda Group Co., Ltd. 2017 Third Quarter Report


       (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
                                                                         8,664,721.83
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                                                  8,664,721.83

6. Total of misc. incomes                                               27,723,796.69                            7,080,791.37

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
                                                                     2,554,904,276.07                        2,626,024,154.09
products and providing of services



                                                                                                                             26
                                             China Fangda Group Co., Ltd. 2017 Third Quarter Report


       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                            1,805,886.66                           1,289,574.20

       Other cash received from business
                                             213,901,169.92                         104,789,436.94
operation

Sub-total of cash inflow from business
                                            2,770,611,332.65                      2,732,103,165.23
operations

       Cash paid for purchasing products
                                            1,558,159,130.54                      1,759,450,109.31
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




                                                                                                27
                                              China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Cash paid to and for the staff           191,709,076.81                         185,909,998.13

     Taxes paid                               358,300,385.82                         204,252,974.89

     Other cash paid for business
                                              268,199,654.52                         129,430,336.40
activities

Sub-total of cash outflow from business
                                             2,376,368,247.69                      2,279,043,418.73
operations

Cash flow generated by business
                                              394,243,084.96                         453,059,746.50
operations, net

2. Cash flow generated by investment:

     Cash received from investment
                                             8,092,089,184.54                        237,446,806.49
recovery

     Cash received as investment profit        13,773,697.27                           3,595,463.32

     Net cash retrieved from disposal of
fixed assets, intangible assets, and other      3,540,531.00                          14,192,782.10
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 from
                                             8,109,403,412.81                        255,235,051.91
investment

     Cash paid for construction of fixed
assets, intangible assets and other            33,608,087.17                          62,258,301.30
long-term assets

     Cash paid as investment                 8,146,400,000.00                        477,000,000.00

     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

Subtotal of cash outflows                    8,180,008,087.17                        542,208,301.30

Cash flow generated by investment
                                               -70,604,674.36                       -286,973,249.39
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


                                                                                                 28
                                                                  China Fangda Group Co., Ltd. 2017 Third Quarter Report


     Cash received from borrowed
                                                                   962,503,029.59                        1,108,611,236.97
loans

     Cash received from bond placing

     Other cash received from financing
                                                                                                                     31.03
activities

Subtotal of cash inflow from financing
                                                                   962,503,029.59                        1,569,511,260.60
activities

     Cash paid to repay debts                                      391,000,000.00                        1,107,925,600.00

     Cash paid as dividend, profit, or
                                                                   337,538,336.38                          131,200,941.87
interests

     Incl. Dividend and profit paid by
subsidiaries to minority shareholders

     Other cash paid for financing
                                                                                                             1,307,454.51
activities

Subtotal of cash outflow from financing
                                                                   728,538,336.38                        1,240,433,996.38
activities

Net cash flow generated by financing
                                                                   233,964,693.21                          329,077,264.22
activities

4. Influence of exchange rate changes
                                                                    -1,950,710.61                              552,729.65
on cash and cash equivalents

5. Net increase in cash and cash
                                                                   555,652,393.20                          495,716,490.98
equivalents

     Plus: Balance of cash and cash
                                                                   935,824,575.40                          247,739,243.78
equivalents at the beginning of term

6. Balance of cash and cash equivalents
                                                                 1,491,476,968.60                          743,455,734.76
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
                                                                    19,187,607.97                           19,149,196.90
products and providing of services

     Tax refunded

     Other cash received from business
                                                                 1,056,523,500.53                          613,546,935.28
operation




                                                                                                                         29
                                              China Fangda Group Co., Ltd. 2017 Third Quarter Report


Sub-total of cash inflow from business
                                             1,075,711,108.50                        632,696,132.18
operations

     Cash paid for purchasing products
                                               28,685,143.30                           8,763,774.47
and services

     Cash paid to and for the staff            12,913,713.04                          10,673,941.85

     Taxes paid                                 2,790,810.71                           3,209,222.02

     Other cash paid for business
                                              940,326,714.58                         921,945,103.13
activities

Sub-total of cash outflow from business
                                              984,716,381.63                         944,592,041.47
operations

Cash flow generated by business
                                               90,994,726.87                        -311,895,909.29
operations, net

2. Cash flow generated by investment:

     Cash received from investment
                                             2,206,344,592.27                        161,000,000.00
recovery

     Cash received as investment profit       438,481,932.96                          10,047,687.60

     Net cash retrieved from disposal of
fixed assets, intangible assets, and other                                               300,000.00
long-term assets

     Net cash received from disposal of
                                               10,000,000.00
subsidiaries or other operational units

     Other investment-related cash
received

Sub-total of cash inflow generated from
                                             2,654,826,525.23                        171,347,687.60
investment

     Cash paid for construction of fixed
assets, intangible assets and other             1,573,560.35                             221,286.61
long-term assets

     Cash paid as investment                 2,222,010,000.00                         64,000,000.00

     Net cash paid for acquiring
subsidiaries and other operational units

     Other cash paid for investment

Subtotal of cash outflows                    2,223,583,560.35                         64,221,286.61

Cash flow generated by investment
                                              431,242,964.88                         107,126,400.99
activities, net

3. Cash flow generated by financing
activities:

     Cash received from investment                                                   460,899,992.60


                                                                                                 30
                                            China Fangda Group Co., Ltd. 2017 Third Quarter Report


       Cash received from borrowed
                                            250,000,000.00                          350,000,000.00
loans

       Cash received from bond placing

       Other cash received from financing
                                                                                            31.03
activities

Subtotal of cash inflow from financing
                                            250,000,000.00                          810,900,023.63
activities

       Cash paid to repay debts             100,000,000.00                          448,425,600.00

       Cash paid as dividend, profit, or
                                            280,390,322.29                           90,479,214.49
interests

       Other cash paid for financing
                                                                                      1,307,454.51
activities

Subtotal of cash outflow from financing
                                            380,390,322.29                          540,212,269.00
activities

Net cash flow generated by financing
                                            -130,390,322.29                         270,687,754.63
activities

4. Influence of exchange rate changes
                                                 -22,970.66
on cash and cash equivalents

5. Net increase in cash and cash
                                            391,824,398.80                           65,918,246.33
equivalents

       Plus: Balance of cash and cash
                                             74,159,732.87                           25,582,149.17
equivalents at the beginning of term

6. Balance of cash and cash equivalents
                                            465,984,131.67                           91,500,395.50
at the end of the period


2. Auditor’s report

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




                                                                        China Fangda Group Co.,
Ltd.
                                                                        Legal representative:
Xiong Jianming
                                                                         31.10.17




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