China Fangda Group Co. Ltd.
2020 Third Quarter Report
October 2020
I Important Statement
The members of the Board and the Company guarantee that the
announcement 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.
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) 11906374078.74 11369964580.11 4.72%
Net profit attributable to the
shareholders of the listed company
(RMB)
5204160939.88 5182795079.67 0.41%
This report period
Year-on-year change
(%)
Between beginning of
the year to the end of
the report period
Change from the same
period last year
Turnover (yuan) 848436105.17 21.34% 2100044169.59 -1.18%
Net profit attributable to
shareholders of the listed company
(yuan)
68793891.42 150.45% 215633776.00 38.18%
Net profit attributable to the
shareholders of the listed company
and after deducting of
non-recurring gain/loss (RMB)
54966749.35 250.97% 201259597.30 55.97%
Net cash flow generated by
business operation (RMB)
316947166.56 987.05% 179961687.16 144.06%
Basic earnings per share
(yuan/share)
0.06 200.00% 0.20 42.86%
Diluted Earnings per share
(yuan/share)
0.06 200.00% 0.20 42.86%
Weighted average net income/asset
ratio
1.32%
Increased by 0.77
percentage points
4.13%
Increased by 1.02
percentage points
Note: Due to changes in the accounting estimates of the expected credit loss rate of accounts receivable and contract assets in 2020
the net profit from January to September 2020 will increase by RMB 84734058.68.
Accidental gain/loss item and amount
√ Applicable □ Inapplicable
In RMB
Item
Amount from beginning of
the year to the end of the
report period
Notes
Non-current asset disposal gain/loss (including the write-off part
for which assets impairment provision is made)
10159456.23
Subsidies accounted into the current income account (except the
government subsidy closely related to the enterprise’s business
and based on unified national standard quota)
7433515.71
Gain/loss from change of fair value of transactional financial
asset and liabilities and investment gains from disposal of
transactional and derivative financial assets and liabilities and
sellable financial assets other than valid period value instruments
related to the Company’s common businesses
5211270.22
Gain/loss from commissioned loans 397420.84
Gain/loss from change of fair value of investment property
measured at fair value in follow-up measurement
174286.01
Other non-business income and expenditures other than the above -5875702.70
Less: Influenced amount of income tax 3052223.50
Influenced amount of minority shareholders’ equity
(after-tax)
73844.11
Total 14374178.70 --
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 common
shares at the end of the report period
61688
Number of shareholders of
preferred stocks of which
voting rights recovered in the
report period (if any)
0
Top 10 Shareholders
Shareholder name
Nature of
shareholder
Shareholding
percentage
Shareholding
number
Conditional
shares
Pledging or freezing
Share status Quantity
Shenzhen
Banglin
Technologies
Domestic
non-state legal
person
10.77% 117183046 Pledged 32700000
Development
Co. Ltd.
Shengjiu
Investment Ltd.
Foreign legal
person
9.66% 105134562
Fang Wei
Domestic natural
person
2.79% 30322437
Gong Qing
Cheng Shi Li He
Investment
Management
Partnership
Enterprise
(limited partner)
Domestic
non-state legal
person
2.46% 26791488
VANGUARD
TOTAL
INTERNATION
AL STOCK
INDEX FUND
Foreign legal
person
0.64% 6962407
VANGUARD
EMERGING
MARKETS
STOCK INDEX
FUND
Foreign legal
person
0.58% 6312683
Shenwan
Hongyuan
Securities (Hong
Kong) Co. Ltd.
Foreign legal
person
0.52% 5705823
Qu Chunlin
Domestic natural
person
0.51% 5557161
First Shanghai
Securities
Limited
Foreign legal
person
0.36% 3938704
Shanghai Silver
Leaf Investment
Co. Ltd.-Silver
Leaf Quantitative
Hedging Phase 2
Private Securities
Investment Fund
Others 0.35% 3755500
Top 10 holders of unconditional shares
Shareholder name Amount of shares without sales restriction Category of shares
Category of
shares
Quantity
Shenzhen Banglin Technologies
Development Co. Ltd.
117183046
RMB common
shares
117183046
Shengjiu Investment Ltd. 105134562
Foreign shares
listed in domestic
exchanges
105134562
Fang Wei 30322437
RMB common
shares
30322437
Gong Qing Cheng Shi Li He
Investment Management Partnership
Enterprise (limited partner)
26791488
RMB common
shares
26791488
VANGUARD TOTAL
INTERNATIONAL STOCK INDEX
FUND
6962407
Domestically
listed foreign
shares
6962407
VANGUARD EMERGING
MARKETS STOCK INDEX FUND
6312683
Domestically
listed foreign
shares
6312683
Shenwan Hongyuan Securities
(Hong Kong) Co. Ltd.
5705823
Domestically
listed foreign
shares
5705823
Qu Chunlin 5557161
RMB common
shares
5557161
First Shanghai Securities Limited 3938704
Domestically
listed foreign
shares
3938704
Shanghai Silver Leaf Investment
Co. Ltd.-Silver Leaf Quantitative
Hedging Phase 2 Private Securities
Investment Fund
3755500
RMB common
shares
3755500
Notes to top ten shareholder
relationship or "action in concert"
Among the shareholders Shenzhen Banglin Technology Development Co. Ltd. and Shengjiu
Investment Co. Ltd. are parties action-in-concert. Shenzhen Banglin Technology
Development Co. Ltd. and Gong Qing Cheng Shi Li He Investment Management Partnership
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
participating in margin trade (if any)
Shenzhen Banglin Technology Development Co. Ltd. holds 55000000 shares of the
Company through the customer credit transaction guarantee securities account of Ping An
Securities Co. Ltd. and Shanghai Yinye Investment Co. Ltd.-Yinye Quantitative Hedging
Phase 2 Private Securities Investment Fund through Xiangcai Securities Co. Ltd. The
customer credit transaction guarantee securities account holds 3755500 shares of the
Company.
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 by the end of
the report period
□ Applicable √ Inapplicable
III Significant Events
1. Major changes in accounting items and financial data in the report period and reasons
√ Applicable □ Inapplicable
Item September 30 2020 December 31 2019 YOY change (%) Reason
Transactional
financial assets
83641134.43 10330062.18 709.69% Mainly due to increase in Closing
balance bank borrowings
Notes receivable 154118383.63 305070930.97 -49.48% Mainly due to the decrease of
unterminated notes receivable
Account
receivable
477375042.94 1956191307.07 -75.60% Mainly due to the
implementation of the new
revenue standard to classify some
accounts receivable under the old
standard into contract assets
Contract assets 1828732752.68 0.00
Short-term loans 1485747404.29 724618197.34 105.04% Mainly due to increase in bank
borrowings
Notes payable 758920601.25 578816027.44 31.12% Mainly due to increased payment
of bills
Prepayment
received
1333551.23 136340104.73 -99.02% Mainly due to the
implementation of the new
revenue standards to classify
advance receipts under the old
standards into contract liabilities;
at the same time the growth of
the subway screen door business
during the current period and the
pre-sale of the Fangda Center
project resulted in an increase in
contract liabilities compared to
the advance receipts at the end of
the previous year
Contract liabilities 197366616.18 0.00
Employees' wage
payable
23115171.51 55847134.20 -58.61% Annual bonus paid
Taxes payable 30336924.01 17848987.68 69.96% Mainly due to relevant taxes and
fees accrued at the end of the
period
Non-current
liabilities due in 1
year
95219592.88 922346563.72 -89.68% Repayment of long-term loans
due within 1 year
Other current
liabilities
58941182.96 181694574.47 -67.56% Mainly due to the decrease of
unterminated notes receivable
Long-term loans 1117411462.35 546501491.56 104.47% Mainly due to increase in bank
borrowings
Shares in stock 42748530.12 0.00 It is the repurchase cost of B
shares that have not yet been
cancelled in the current period
Surplus reserve 95525281.06 159805930.34 -40.22% Caused by the repurchase and
cancellation of B shares in the
current period
Minor
shareholders’
equity
68338731.91 48410009.60 41.17% Mainly due to the transfer of part
of the equity of the subsidiary in
the current period
Item Total amount in this
year
Last period YOY change (%) Reason
Taxes and
surcharges
13933300.17 47749346.11 -70.82% Mainly due to the decrease in real
estate income which is due to the
decrease in provision of the land
VAT.
Sales expense 27726818.37 40738405.49 -31.94% Main due to decrease in Expense
R&D cost 96985432.54 35163348.44 175.81% Mainly due to increased
investment in research and
development
Credit impairment
loss
84166868.00 -22736143.99 470.19% Mainly due to changes in
accounting estimates for accounts
receivable and expected credit
loss rate of contract assets in the
current period
Income tax
expenses
27941944.61 14924568.34 87.22% Mainly due to the increase in
profits which is due to the
increase in income tax
Net profit
attributable to the
owners of parent
company
215633776.00 156050013.39 38.18% Mainly due to the increase in the
net profit of the subway screen
door business in the current
period and the increase in the net
profit due to the change in the
accounting estimate of the
expected credit loss rate
Cash flow
generated by
business
operations net
179961687.16 -408455390.94 144.06% It is mainly due to the increase in
cash flow of operating activities
due to the gradual recovery of
mortgage bonds in the current
period and the decrease in tax and
expense.
Cash flow
generated by
investment
activities net
-170657974.82 -398879702.81 57.22% The net investment expenditure
in the current period was mainly
due to the increase in the
company's production base fixed
assets and investment real estate
construction investment and the
increase in net wealth
management expenditure
Net cash flow
generated by
financing
activities
95892601.44 232130880.90 -58.69% Mainly due to the increase in
bank loans and the payment of
cash dividends and repurchase of
B-shares in the current period.
2. Progress of key issues and its impacts and solutions
□ Applicable √ Inapplicable
Progress in the implementation of share repurchase
√ Applicable □ Inapplicable
1. The company repurchased some 35105238 shares of domestically listed foreign shares (B shares) in 2019. The repurchase
and cancellation procedures were completed on May 20 2020. For details please refer to the company’s "About Repurchase of
Shares" disclosed on May 22 2020. Announcement of completion of cancellation."
2. As of September 22 2020 the Company's 2020 repurchase period for some domestically listed foreign shares (B shares) has
expired. A total 14404724 B shares have been repurchased. The highest price of repurchase is HK$3.47 per share. The lowest price
is HK$3.16 per share and the cumulative payment of HK$48359819.24 (including transaction-related expenses). The company has
disclosed the "Announcement on the Expiry of the Repurchase Period and the Implementation Results of Share Repurchase" on
September 24 2020. The repurchased shares shall be cancelled and the registered capital shall be reduced after being reviewed and
approved by the general meeting of shareholders within three years after the announcement of the repurchase results is disclosed; if
the Company's shareholders' meeting does not pass the review the shares that have been repurchased will be transferred within three
years according to relevant regulations.Progress in the implementation of the reduction of shareholding shares by means of centralized bidding
□ Applicable √ Inapplicable
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. Financial assets investment
1. Securities investment
□ Applicable √ Inapplicable
The Company made no investment in securities in the report period
2. Derivative investment
√ Applicable □ Inapplicable
In RMB10000
Derivati
ve
investm
ent
operator
name
Relation
ship
Related
transacti
on
Type
Initial
amount
Start
date
End
date
Initial
investm
ent
amount
Amount
in this
period
Amount
sold in
this
period
Impairm
ent
provisio
n (if
any)
Closing
investm
ent
amount
Proporti
on of
closing
investm
ent
amount
in the
closing
net
assets in
the
report
period
Actual
gain/los
s in the
report
period
Shangha
i
Futures
Exchan
ge
No No
Shangha
i
aluminu
m
06
Februar
y 2020
30
Septem
ber
2020
17686.
43
11799.0
8
5887.3
5
1.13% 217.69
Banks No No
Forward
foreign
exchang
e
2166
2
August
2019
30
Septem
ber
2020
2166
7248.4
9
5467.0
7
3947.4
2
0.76% -13.02
Total 2166 -- -- 2166
24934.
92
17266.
15
9834.7
7
1.89% 204.67
Capital source Self-owned fund
Lawsuit (if any) None
Disclosure date of derivative
investment approval by the Board of
Directors (if any)
16 April 2020
Disclosure date of derivative
investment approval by the
Shareholders’ Meeting (if any)
Risk analysis and control measures
for the derivative holding in the
report period (including without
limitation market liquidity credit
operation and legal risks)
The company's aluminum futures hedging and foreign exchange derivatives trading business
are all derivatives investment business. The company has established and implemented the
"Derivatives Investment Business Management Measures" and "Commodity Futures
Hedging Business Internal Control and Risk Management System". It has made clear
regulations on the approval authority business management risk management information
disclosure and file management of derivatives trading business which can effectively control
the risk of the company's derivatives holding positions.
Changes in the market price or fair
value of the derivative in the report
period the analysis of the
derivative’s fair value should
disclose the method used and related
assumptions and parameters.
Fair value of derivatives are measured at open prices in the open market
Material changes in the accounting
policies and rules related to the
derivative in the report period
compared to last period
None
Opinions of independent directors on
the Company’s derivative investment
and risk controlling
None
5. Progress of investment projects with raised funds
□ Applicable √ Inapplicable
6. Forecast of operating performance in 2020
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
7. Major contracts for daily operations
□ Applicable √ Inapplicable
8. Entrusted wealth management
√ Applicable □ Inapplicable
In RMB10000
Type Source of fund Amount Undue balance
Due balance to be
recovered
Bank financial products Self-owned fund 61664.52 8364.11 0
Total 61664.52 8364.11 0
Specific circumstances of high-risk entrusted financing with large individual amount or low security poor liquidity and no cost
protection
□ Applicable √ Inapplicable
Entrusted financial management expected to fail to recover the principal or likely result in impairment
□ Applicable √ Inapplicable
9. Incompliant external guarantee
□ Applicable √ Inapplicable
The Company made no incompliant external guarantee in the report period.
10. 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.XI. Reception of investigations communications or interviews in the reporting period
√ Applicable □ Inapplicable
Time/date Place Way Visitor Visitor
Main content
involved and
materials
provided
Disclosure of
information
30 September
2020
Shenzhen
Fangda Town
Meeting room
Onsite
investigation
Institution
Guotai Junan
Securities Co.Ltd. Shenzhen
Cyberna Capital
Management
Partnership
(Limited
Partnership)
Shenzhen Dexun
Investment Co.Ltd. Shenzhen
Qianhai Pai
Asset
Management
Co. Ltd.
Shenzhen
Business and
future
development
Investor Relationship
Record Form on
www.cninfo.com.cn
Qianhai
Hongxing
Investment Co.Ltd. Qianhai
Yangtze River
Fund
Management
(Shenzhen) Co.Ltd. Shenzhen
Zhongna Capital
Investment
Management
Co. Ltd.
Shenzhen
Qianhai Daqian
Huayan
Investment Co.Ltd. Shenzhen
Qianhai Leying
Investment
Management
Co. Ltd.
Shenzhen Daqin
Fund
Management
Co. Ltd.
Shenzhen
Private Equity
Chamber of
Commerce
12. Donations
In the first three quarters of 2020 the Company and its employees donated a total of RMB7772160 for epidemic prevention and
control and targeted poverty alleviation. The main items are as follows:
1. In order to prevent and control the new crown epidemic the Company supports medical staff who are on the front line of the
epidemic respectively donating RMB2 million to the Wuhan Red Cross Society and RMB1 million to the Jiangxi Red Cross
Foundation for the purchase of prevention and control materials motivate frontline medical staff;
2. Period To help the large tenants in Shenzhen the Company has reduced the rent by RMB2.52 million;
3. The Company donated RMB2 million to the Jiangxi Red Cross Foundation to support poverty alleviation in Aktao County
Xinjiang;
4. The Company organized party members and employees to donate RMB120500 to fight the epidemic;
5. The Company donated 50000 masks to the new district of Nanchang City equivalent to RMB112500 in capital;
The Company will continue to fulfill its social responsibility for precision poverty alleviation and make donations from time to
time based on business development.
13. Others
1. New bids and contracted orders
(1) High-end curtain wall system and material industry: In the first three quarters of 2020 the total amount of bids and orders
signed was RMB2.385 billion and the order reserve was RMB3.433 billion which was 2.35 times the operating income of the
high-end curtain wall system and material industry in the first three quarters.
(2) Rail transit screen door equipment industry: In the first three quarters of 2020 the total amount of winning bids and signing
orders is RMB734 million and the order reserve is RMB1.545 billion which is 3.02 times the operating income of the rail transit
screen door industry in the first three quarters.
2. Real estate：
(1) Shenzhen Fangda Town Project: The remaining small area of the project is for sale. The sales business at the end of this year
was affected by the epidemic. In the first three quarters the subscribed sales area was 1754.31 square meters and the remaining area
for sale of the project was 5849.94 square meters; the commercial occupancy rate Reached 99.46%; the newly rented area of office
buildings in the first three quarters was 12588.86 square meters and the occupancy rate reached 50%.
（2） Nanchang Fangda Center: The project is located in the Fenghuangzhou District of the New District of Honggutan
Nanchang City. It covers a total area of 16600 square metres and has a total building area of 66432.61 square metres. It is a small
and medium-sized commercial complex integrated with office apartment shopping leisure and entertainment. The project is mainly
sold and leased with a sales area of 32460.11 square metres. It was pre-sold on 28 December 2019. In the first three quarters the
pre-sale area was 2818.52 square meters.
3. Shenzhen Fangda Bangshen Industrial Park: The project is located in Fuyong Bao'an District Shenzhen. It covers an area of
20714.9 square meters and is currently an industrial plant. The project was approved in July 2019. During the reporting period the
company is actively promoting the special plan of Fangda BongShen project.
(4) Urban renewal project along the Dagang River in Henggang Shenzhen: The project is located in Dakang Village Yuanshan Street
Longgang District Shenzhen. The area of the project to be demolished is about 72000 square meters. The update direction is mainly
residential function and finally subject to government approval. The Company is currently pushing forward the approval progress of
the urban renovation project.
IV Financial Statements
1. Financial statements
1. Consolidated Balance Sheet
Prepared by: China Fangda Group Co. Ltd.In RMB
Item 30 September 2020 31 December 2019
Current asset:
Monetary capital 1289159668.68 1209811978.95
Settlement provision
Outgoing call loan
Transactional financial assets 83641134.43 10330062.18
Derivative financial assets 3952739.90
Notes receivable 154118383.63 305070930.97
Account receivable 477375042.94 1956191307.07
Receivable financing 9179487.00 2954029.00
Prepayment 23302232.48 21327109.18
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other receivables 159732818.14 139947655.35
Including: interest receivable
Dividend receivable
Repurchasing of financial assets
Inventory 779997082.47 733711143.46
Contract assets 1828732752.68
Assets held for sales
Non-current assets due in 1 year
Other current assets 362982490.69 323765585.90
Total current assets 5172173833.04 4703109802.06
Non-current assets:
Loan and advancement provided
Debt investment
Other debt investment
Long-term receivables
Long-term share equity investment 56459068.49 57222240.83
Investment in other equity tools 19968988.33 20660181.44
Other non-current financial assets 5022698.34 5009728.02
Investment real estate 5552142427.99 5522391984.11
Fixed assets 480197549.92 477332830.92
Construction in process 166389860.93 129988982.86
Productive biological assets
Gas & petrol
Use right assets
Intangible assets 77240617.61 78322265.05
R&D expense
Goodwill
Long-term amortizable expenses 3923946.28 3875198.12
Deferred income tax assets 335363461.26 343349564.70
Other non-current assets 37491626.55 28701802.00
Total of non-current assets 6734200245.70 6666854778.05
Total of assets 11906374078.74 11369964580.11
Current liabilities
Short-term loans 1485747404.29 724618197.34
Loans from Central Bank
Call loan received
Transactional financial liabilities
Derivative financial liabilities 96767.62
Notes payable 758920601.25 578816027.44
Account payable 1098594634.18 1190773300.24
Prepayment received 1333551.23 136340104.73
Contract liabilities 197366616.18
Selling of repurchased financial
assets
Deposit received and held for
others
Entrusted trading of securities
Entrusted selling of securities
Employees' wage payable 23115171.51 55847134.20
Taxes payable 30336924.01 17848987.68
Other payables 700271001.34 701432408.28
Including: interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liabilities due in 1
year
95219592.88 922346563.72
Other current liabilities 58941182.96 181694574.47
Total current liabilities 4449846679.83 4509814065.72
Non-current liabilities:
Insurance contract provision
Long-term loans 1117411462.35 546501491.56
Bond payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term employees’ wage
payable
Anticipated liabilities 3264071.97 7793527.16
Deferred earning 10699717.41 10817247.40
Deferred income tax liabilities 1052652475.39 1063833159.00
Other non-current liabilities
Total of non-current liabilities 2184027727.12 1628945425.12
Total liabilities 6633874406.95 6138759490.84
Owner’s equity:
Share capital 1088278951.00 1123384189.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 1454191.59 1454191.59
Less: Shares in stock 42748530.12
Other miscellaneous income 1805039.91 -475409.25
Special reserves
Surplus reserve 95525281.06 159805930.34
Common risk provisions
Undistributed profit 4059846006.44 3898626177.99
Total of owner’s equity belong to the
parent company
5204160939.88 5182795079.67
Minor shareholders’ equity 68338731.91 48410009.60
Total of owners’ equity 5272499671.79 5231205089.27
Total of liabilities and owner’s interest 11906374078.74 11369964580.11
Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
2. Balance Sheet of the Parent Company
In RMB
Item 30 September 2020 31 December 2019
Current asset:
Monetary capital 250382070.74 175591953.63
Transactional financial assets 50000000.00
Derivative financial assets
Notes receivable
Account receivable 750453.72 297813.76
Receivable financing
Prepayment 1073066.42 250205.32
Other receivables 1441064427.21 1973381342.74
Including: interest receivable
Dividend receivable
Inventory
Contract assets
Assets held for sales
Non-current assets due in 1 year
Other current assets 1018694.08 877430.41
Total current assets 1744288712.17 2150398745.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term share equity investment 1198831253.00 963508253.00
Investment in other equity tools 18604010.22 18604010.22
Other non-current financial assets 30000001.00 48831242.35
Investment real estate 329160695.00 295355002.00
Fixed assets 65702216.06 67361529.52
Construction in process
Productive biological assets
Gas & petrol
Use right assets
Intangible assets 1600216.93 1824589.22
R&D expense
Goodwill
Long-term amortizable expenses 785225.33 934669.73
Deferred income tax assets 26039148.81 44408630.81
Other non-current assets
Total of non-current assets 1670722766.35 1440827926.85
Total of assets 3415011478.52 3591226672.71
Current liabilities
Short-term loans 500514166.67 300442988.19
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 606941.85 606941.85
Prepayment received 794358.51 746761.55
Contract liabilities
Employees' wage payable 1151295.01 3215013.16
Taxes payable 12438948.60 312647.89
Other payables 389034122.67 109837934.17
Including: interest payable
Dividend payable
Liabilities held for sales
Non-current liabilities due in 1
year
520872206.95
Other current liabilities
Total current liabilities 904539833.31 936034493.76
Non-current liabilities:
Long-term loans 70000000.00
Bond payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term employees’ wage
payable
Anticipated liabilities
Deferred earning
Deferred income tax liabilities 72577932.24 64351075.92
Other non-current liabilities
Total of non-current liabilities 72577932.24 134351075.92
Total liabilities 977117765.55 1070385569.68
Owner’s equity:
Share capital 1088278951.00 1123384189.00
Other equity tools
Including: preferred stock
Perpetual bond
Capital reserves 360835.52 360835.52
Less: Shares in stock 42748530.12
Other miscellaneous income 1287629.38 1287629.38
Special reserves
Surplus reserve 95525281.06 159805930.34
Retained profit 1295189546.13 1236002518.79
Total of owners’ equity 2437893712.97 2520841103.03
Total of liabilities and owner’s interest 3415011478.52 3591226672.71
3. Consolidated Income Statement of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Total revenue 848436105.17 699243342.82
Incl. Business income 848436105.17 699243342.82
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 798921585.13 666684444.58
Incl. Business cost 684079649.22 562481963.87
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy
responsibility reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Taxes and surcharges 6406785.19 6268346.04
Sales expense 6748583.28 13562766.99
Administrative expense 30704814.43 37409946.41
R&D cost 45386121.67 20460675.32
Financial expenses 25595631.34 26500745.95
Including: interest cost 21359349.47 23424082.73
Interest income 3187970.02 1208273.71
Add: other gains 4877197.19 2131742.20
Investment gains (“-” for loss) 11391065.14 2107033.94
Incl. Investment gains from
affiliates and joint ventures
-387970.25 -156637.53
Financial assets
derecognised as a result of amortized cost
-1670822.09
Exchange gains ("-" for loss)
Net open hedge gains (“-” for
loss)
Gains from change of fair value(“-“ for loss)
178149.05 -121506.67
Credit impairment ("-" for loss) 9312682.74 -18366483.61
Investment impairment loss
("-" for loss)
0.00
Investment gains ("-" for loss) -7452.28 -8050.57
3. Operational profit ("-" for loss) 75266161.88 18301633.53
Plus: non-operational income 182064.27 1061813.66
Less: non-operational expenditure 1057740.28 953272.75
4. Gross profit ("-" for loss) 74390485.87 18410174.44
Less: Income tax expenses 5699009.70 -9094691.37
5. Net profit ("-" for net loss) 68691476.17 27504865.81
(1) By operating consistency
1. Net profit from continuous
operation ("-" for net loss)
68691476.17 27504865.81
2. Net profit from discontinuous
operation ("-" for net loss)
(2) By ownership
1. Net profit attributable to the
owners of parent company
68793891.42 27468258.38
2. Minor shareholders’ equity -102415.25 36607.43
6. After-tax net amount of other misc.
incomes
1339516.17 227053.45
After-tax net amount of other misc.
incomes attributed to parent's owner
1339516.17 227053.45
(1) Other misc. incomes that cannot
be re-classified into gain and loss
-171049.52
1. Re-measure the change in
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
investment in other equity tools
-171049.52
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will be
re-classified into gain and loss
1510565.69 227053.45
1. Other comprehensive
income that can be transferred to profit or
loss under the equity method
2. Fair value change of other
debt investment
3. Gains and losses from
changes in fair value of available-for-sale
financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve 1816504.04 127075.00
6. Translation difference of
foreign exchange statement
-305938.35 99978.45
7. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 70030992.34 27731919.26
Total of misc. incomes attributable
to the owners of the parent company
70133407.59 27695311.83
Total misc gains attributable to the
minor shareholders
-102415.25 36607.43
8. Earnings per share:
(1) Basic earnings per share 0.06 0.02
(2) Diluted earnings per share 0.06 0.02
Net profit contributed by entities merged under common control in the report period was RMB0.00 net profit realized by parties
merged during the previous period is RMB0.00.Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
4. Consolidated Income Statement of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Turnover 6131493.26 7375435.58
Less: Operation cost 153454.09 106833.17
Taxes and surcharges 435719.82 323375.21
Sales expense 0.00 0.00
Administrative expense 5605054.43 5985937.55
R&D cost 0.00 0.00
Financial expenses 6165062.38 12747466.71
Including: interest cost 5223822.22 11186191.67
Interest income 190428.41 72058.89
Add: other gains 382374.54 73719.18
Investment gains (“-” for loss) 137066359.09 1000481381.24
Incl. Investment gains from
affiliates and joint ventures
0.00
Financial assets
derecognised as a result of amortized
cost
Net open hedge gains (“-” for
loss)
Gains from change of fairvalue (“-“ for loss)
33805693.00
Credit impairment ("-" for
loss)
830.36 1191.25
Investment impairment loss
("-" for loss)
0.00
Investment gains ("-" for loss) 0.00
2. Operational profit (“-” for loss) 165027459.53 988768114.61
Plus: non-operational income 1675.51 0.00
Less: non-operational expenditure 1584.22 607774.57
4. Gross profit ("-" for loss) 165027550.82 988160340.04
Less: Income tax expenses 41243619.47 -2951715.89
4. Net profit (“-” for net loss) 123783931.35 991112055.93
(1) Net profit from continuous
operation ("-" for net loss)
123783931.35 991112055.93
(2) Net profit from discontinuous
operation ("-" for net loss)
0.00 0.00
5. After-tax net amount of other misc.
incomes
(1) Other misc. incomes that
cannot be re-classified into gain and
loss
1. Re-measure the change
in the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
investment in other equity tools
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will
be re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit
or loss under the equity method
2. Fair value change of
other debt investment
3. Gains and losses from
changes in fair value of
available-for-sale financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve
6. Translation difference of
foreign exchange statement
7. Others
6. Total of misc. incomes 123783931.35 991112055.93
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
Item Amount occurred in the current period Occurred in previous period
1. Total revenue 2100044169.59 2125134289.81
Incl. Business income 2100044169.59 2125134289.81
Interest income
Insurance fee earned
Fee and commission
received
2. Total business cost 1956840089.99 1948269844.75
Incl. Business cost 1654450061.27 1628547934.43
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy
responsibility reserves provided
Insurance policy dividend
paid
Reinsurance expenses
Taxes and surcharges 13933300.17 47749346.11
Sales expense 27726818.37 40738405.49
Administrative expense 93264277.59 120088723.97
R&D cost 96985432.54 35163348.44
Financial expenses 70480200.05 75982086.31
Including: interest cost 64524327.30 63900969.21
Interest income 10140274.23 3647364.62
Add: other gains 11091309.96 6133192.71
Investment gains (“-” for loss) 10677401.60 6163431.10
Incl. Investment gains from
affiliates and joint ventures
-763172.34 -482371.08
Financial assets
derecognised as a result of amortized cost
-3926616.19
Exchange gains ("-" for loss)
Net open hedge gains (“-” for
loss)
Gains from change of fair value(“-“ for loss)
187256.33
Credit impairment ("-" for loss) 84166868.00 -22736143.99
Investment impairment loss
("-" for loss)
Investment gains ("-" for loss) -9434.00 -35159.35
3. Operational profit ("-" for loss) 249317481.49 166389765.53
Plus: non-operational income 457905.91 5935705.81
Less: non-operational expenditure 6333608.61 1331838.55
4. Gross profit ("-" for loss) 243441778.79 170993632.79
Less: Income tax expenses 27941944.61 14924568.34
5. Net profit ("-" for net loss) 215499834.18 156069064.45
(1) By operating consistency
1. Net profit from continuous
operation ("-" for net loss)
215499834.18 156075582.20
2. Net profit from discontinuous
operation ("-" for net loss)
-6517.75
(2) By ownership
1. Net profit attributable to the
owners of parent company
215633776.00 156050013.39
2. Minor shareholders’ equity -133941.82 19051.06
6. After-tax net amount of other misc.
incomes
2280449.16 1616827.78
After-tax net amount of other misc.
incomes attributed to parent's owner
2280449.16 1616827.78
(1) Other misc. incomes that cannot
be re-classified into gain and loss
-691193.11
1. Re-measure the change in
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
investment in other equity tools
-691193.11
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will be
re-classified into gain and loss
2971642.27 1616827.78
1. Other comprehensive
income that can be transferred to profit or
loss under the equity method
2. Fair value change of other
debt investment
3. Gains and losses from
changes in fair value of available-for-sale
financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve 3442081.39 1523710.00
6. Translation difference of
foreign exchange statement
-470439.12 93117.78
7. Others
After-tax net of other misc. income
attributed to minority shareholders
7. Total of misc. incomes 217780283.34 157685892.23
Total of misc. incomes attributable
to the owners of the parent company
217914225.16 157666841.17
Total misc gains attributable to the
minor shareholders
-133941.82 19051.06
8. Earnings per share:
(1) Basic earnings per share 0.20 0.14
(2) Diluted earnings per share 0.20 0.14
Net profit contributed by entities merged under common control in the report period was RMB0.00 net profit realized by parties
merged during the previous period is RMB0.00.Legal representative: Xiong Jianming CFO: Lin Kebing Accounting Manager: Wu Bohua
6. Income Statement of the Parent Between the Beginning of the Year and to of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Turnover 18850888.36 24517458.46
Less: Operation cost 304673.86 3603421.23
Taxes and surcharges 1113585.60 969078.70
Sales expense
Administrative expense 16921097.82 17272507.40
R&D cost
Financial expenses 20918790.00 34116846.72
Including: interest cost 21044499.99 28509177.79
Interest income 2105321.91 423187.78
Add: other gains 678193.43 307786.17
Investment gains (“-” for loss) 137404920.26 1001636564.66
Incl. Investment gains from
affiliates and joint ventures
Financial assets
derecognised as a result of amortized
cost
Net open hedge gains (“-” for
loss)
Gains from change of fairvalue (“-“ for loss)
33805693.00
Credit impairment ("-" for
loss)
-1447.50 5923.64
Investment impairment loss
("-" for loss)
Investment gains ("-" for loss)
2. Operational profit (“-” for loss) 151480100.27 970505878.88
Plus: non-operational income 53542.77 13947.68
Less: non-operational expenditure 2592.22 714163.21
4. Gross profit ("-" for loss) 151531050.82 969805663.35
Less: Income tax expenses 37930075.93 -7497054.35
4. Net profit (“-” for net loss) 113600974.89 977302717.70
(1) Net profit from continuous
operation ("-" for net loss)
113600974.89 977302717.70
(2) Net profit from discontinuous
operation ("-" for net loss)
5. After-tax net amount of other misc.
incomes
(1) Other misc. incomes that
cannot be re-classified into gain and
loss
1. Re-measure the change
in the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Fair value change of
investment in other equity tools
4. Fair value change of the
company's credit risk
5. Others
(2) Other misc. incomes that will
be re-classified into gain and loss
1. Other comprehensive
income that can be transferred to profit
or loss under the equity method
2. Fair value change of
other debt investment
3. Gains and losses from
changes in fair value of
available-for-sale financial assets
4. Other credit investment
credit impairment provisions
5. Cash flow hedge reserve
6. Translation difference of
foreign exchange statement
7. Others
6. Total of misc. incomes 113600974.89 977302717.70
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
Item Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
products and providing of services
2079228727.06 1891062422.83
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
Cash received as interest
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Net cash received from trading
securities
Tax refunded 7245062.12 3159514.49
Other cash received from business
operation
322690561.86 79255080.98
Sub-total of cash inflow from business
operations
2409164351.04 1973477018.30
Cash paid for purchasing products
and services
1491176860.30 1499926065.43
Net increase of client trade and
advance
Net increase of savings in central
bank and brother company
Cash paid for original contract
claim
Net increase in funds dismantled
Cash paid for interest processing
fee and commission
Cash paid for policy dividend
Cash paid to and for the staff 244648450.29 237800254.07
Taxes paid 98762981.87 211775200.67
Other cash paid for business
activities
394614371.42 432430889.07
Sub-total of cash outflow from business
operations
2229202663.88 2381932409.24
Cash flow generated by business
operations net
179961687.16 -408455390.94
2. Cash flow generated by investment:
Cash received from investment
recovery
5283094682.56 4552412407.01
Cash received as investment profit 23153966.56 57732090.85
Net cash retrieved from disposal of
fixed assets intangible assets and other
long-term assets
21817.09 13225319.48
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
250.00
Sub-total of cash inflow generated from
investment
5306270716.21 4623369817.34
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
108734111.03 138895689.84
Cash paid as investment 5367970000.00 4821419000.00
Net increase of loan against pledge
Net cash paid for acquiring
subsidiaries and other operational units
61934830.31
Other cash paid for investment 224580.00
Subtotal of cash outflows 5476928691.03 5022249520.15
Cash flow generated by investment
activities net
-170657974.82 -398879702.81
3. Cash flow generated by financing
activities:
Cash received from investment 1200000.00
Incl. Cash received from
investment attracted by subsidiaries
from minority shareholders
Cash received from borrowed
loans
2582964542.85 939219991.00
Other cash received from financing
activities
39406.61
Subtotal of cash inflow from financing
activities
2584164542.85 939259397.61
Cash paid to repay debts 1777978153.39 368000000.00
Cash paid as dividend profit or
interests
149396498.92 299128516.71
Incl. Dividend and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing
activities
560897289.10 40000000.00
Subtotal of cash outflow from financing
activities
2488271941.41 707128516.71
Net cash flow generated by financing
activities
95892601.44 232130880.90
4. Influence of exchange rate changes
on cash and cash equivalents
-30895.79 506834.88
5. Net increase in cash and cash
equivalents
105165417.99 -574697377.97
Plus: Balance of cash and cash
equivalents at the beginning of term
725269902.90 956190890.68
6. Balance of cash and cash equivalents
at the end of the period
830435320.89 381493512.71
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Item Amount occurred in the current period Occurred in previous period
1. Net cash flow from business
operations:
Cash received from sales of
products and providing of services
22476688.18 19933171.21
Tax refunded 232652.87
Other cash received from business
operation
5036897537.71 2110545435.02
Sub-total of cash inflow from business
operations
5059606878.76 2130478606.23
Cash paid for purchasing products
and services
899878.34 2295025.64
Cash paid to and for the staff 13481945.12 12369917.61
Taxes paid 1259720.17 1788240.77
Other cash paid for business 4228677749.09 3522929091.82
activities
Sub-total of cash outflow from business
operations
4244319292.72 3539382275.84
Cash flow generated by business
operations net
815287586.04 -1408903669.61
2. Cash flow generated by investment:
Cash received from investment
recovery
1993294532.05 1805000000.00
Cash received as investment profit 137404920.26 1101636564.66
Net cash retrieved from disposal of
fixed assets intangible assets and other
long-term assets
1675.50
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
received
Sub-total of cash inflow generated from
investment
2130701127.81 2906636564.66
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
56366.88 52697.00
Cash paid as investment 2259786290.70 1835000001.00
Net cash paid for acquiring
subsidiaries and other operational units
Other cash paid for investment
Subtotal of cash outflows 2259842657.58 1835052698.00
Cash flow generated by investment
activities net
-129141529.77 1071583866.66
3. Cash flow generated by financing
activities:
Cash received from investment
Cash received from borrowed
loans
500000000.00 400000000.00
Other cash received from financing
activities
39406.61
Subtotal of cash inflow from financing
activities
500000000.00 400039406.61
Cash paid to repay debts 890000000.00 10000000.00
Cash paid as dividend profit or
interests
76406634.30 252206781.54
Other cash paid for financing
activities
145317289.10
Subtotal of cash outflow from financing
activities
1111723923.40 262206781.54
Net cash flow generated by financing
activities
-611723923.40 137832625.07
4. Influence of exchange rate changes
on cash and cash equivalents
367984.24 405.76
5. Net increase in cash and cash
equivalents
74790117.11 -199486772.12
Plus: Balance of cash and cash
equivalents at the beginning of term
175341953.63 281594621.80
6. Balance of cash and cash equivalents
at the end of the period
250132070.74 82107849.68
II. Financial Statement Adjustment
1. The implementation of the new financial instruments guidelines new income standards new lease
standards adjustments the first implementation of the financial statements at the beginning of the year
√ Applicable □ Inapplicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
In RMB
Item 31 December 2019 1 January 2020 Adjustment
Current asset:
Monetary capital 1209811978.95 1209811978.95
Settlement provision
Outgoing call loan
Transactional financial
assets
10330062.18 10330062.18
Derivative financial
assets
Notes receivable 305070930.97 305070930.97
Account receivable 1956191307.07 486113221.52 -1470078085.55
Receivable financing 2954029.00 2954029.00
Prepayment 21327109.18 21327109.18
Insurance receivable
Reinsurance receivable
Provisions of
Reinsurance contracts
receivable
Other receivables 139947655.35 139947655.35
Including: interest
receivable
Dividend
receivable
Repurchasing of
financial assets
Inventory 733711143.46 733711143.46
Contract assets 1470078085.55 1470078085.55
Assets held for sales
Non-current assets due
in 1 year
Other current assets 323765585.90 323765585.90
Total current assets 4703109802.06 4703109802.06
Non-current assets:
Loan and advancement
provided
Debt investment
Other debt investment
Long-term receivables
Long-term share equity
investment
57222240.83 57222240.83
Investment in other
equity tools
20660181.44 20660181.44
Other non-current
financial assets
5009728.02 5009728.02
Investment real estate 5522391984.11 5522391984.11
Fixed assets 477332830.92 477332830.92
Construction in process 129988982.86 129988982.86
Productive biological
assets
Gas & petrol
Use right assets
Intangible assets 78322265.05 78322265.05
R&D expense
Goodwill
Long-term amortizable
expenses
3875198.12 3875198.12
Deferred income tax
assets
343349564.70 343349564.70
Other non-current assets 28701802.00 28701802.00
Total of non-current assets 6666854778.05 6666854778.05
Total of assets 11369964580.11 11369964580.11
Current liabilities
Short-term loans 724618197.34 724618197.34
Loans from Central
Bank
Call loan received
Transactional financial
liabilities
Derivative financial
liabilities
96767.62 96767.62
Notes payable 578816027.44 578816027.44
Account payable 1190773300.24 1190773300.24
Prepayment received 136340104.73 1332457.45 -135007647.28
Contract liabilities 123981276.51 123981276.51
Selling of repurchased
financial assets
Deposit received and
held for others
Entrusted trading of
securities
Entrusted selling of
securities
Employees' wage
payable
55847134.20 55847134.20
Taxes payable 17848987.68 17848987.68
Other payables 701432408.28 701432408.28
Including: interest
payable
Dividend
payable
Fees and commissions
payable
Reinsurance fee payable
Liabilities held for sales
Non-current liabilities
due in 1 year
922346563.72 922346563.72
Other current liabilities 181694574.47 192720945.24 11026370.77
Total current liabilities 4509814065.72 4509814065.72
Non-current liabilities:
Insurance contract
provision
Long-term loans 546501491.56 546501491.56
Bond payable
Including: preferred
stock
Perpetual
bond
Lease liabilities
Long-term payable
Long-term employees’
wage payable
Anticipated liabilities 7793527.16 7793527.16
Deferred earning 10817247.40 10817247.40
Deferred income tax
liabilities
1063833159.00 1063833159.00
Other non-current
liabilities
Total of non-current
liabilities
1628945425.12 1628945425.12
Total liabilities 6138759490.84 6138759490.84
Owner’s equity:
Share capital 1123384189.00 1123384189.00
Other equity tools
Including: preferred
stock
Perpetual
bond
Capital reserves 1454191.59 1454191.59
Less: Shares in stock
Other miscellaneous
income
-475409.25 -475409.25
Special reserves
Surplus reserve 159805930.34 159805930.34
Common risk provisions
Undistributed profit 3898626177.99 3898626177.99
Total of owner’s equity
belong to the parent company
5182795079.67 5182795079.67
Minor shareholders’
equity
48410009.60 48410009.60
Total of owners’ equity 5231205089.27 5231205089.27
Total of liabilities and
owner’s interest
11369964580.11 11369964580.11
About the adjustment
As of January 1 2020 the Company has implemented new revenue guidelines listed the assigned goods or services entitled to
receive consideration as contractual assets and has been recognized as accounts receivable upon acquisition of unconditional
collection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in the
other current liabilities.
Balance Sheet of the Parent Company
In RMB
Item 31 December 2019 1 January 2020 Adjustment
Current asset:
Monetary capital 175591953.63 175591953.63
Transactional financial
assets
Derivative financial
assets
Notes receivable
Account receivable 297813.76 297813.76
Receivable financing
Prepayment 250205.32 250205.32
Other receivables 1973381342.74 1973381342.74
Including: interest
receivable
Dividend
receivable
Inventory
Contract assets
Assets held for sales
Non-current assets due
in 1 year
Other current assets 877430.41 877430.41
Total current assets 2150398745.86 2150398745.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term share equity
investment
963508253.00 963508253.00
Investment in other
equity tools
18604010.22 18604010.22
Other non-current
financial assets
48831242.35 48831242.35
Investment real estate 295355002.00 295355002.00
Fixed assets 67361529.52 67361529.52
Construction in process
Productive biological
assets
Gas & petrol
Use right assets
Intangible assets 1824589.22 1824589.22
R&D expense
Goodwill
Long-term amortizable 934669.73 934669.73
expenses
Deferred income tax
assets
44408630.81 44408630.81
Other non-current assets
Total of non-current assets 1440827926.85 1440827926.85
Total of assets 3591226672.71 3591226672.71
Current liabilities
Short-term loans 300442988.19 300442988.19
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable
Account payable 606941.85 606941.85
Prepayment received 746761.55 746761.55
Contract liabilities
Employees' wage
payable
3215013.16 3215013.16
Taxes payable 312647.89 312647.89
Other payables 109837934.17 109837934.17
Including: interest
payable
Dividend
payable
Liabilities held for sales
Non-current liabilities
due in 1 year
520872206.95 520872206.95
Other current liabilities
Total current liabilities 936034493.76 936034493.76
Non-current liabilities:
Long-term loans 70000000.00 70000000.00
Bond payable
Including: preferred
stock
Perpetual
bond
Lease liabilities
Long-term payable
Long-term employees’
wage payable
Anticipated liabilities
Deferred earning
Deferred income tax
liabilities
64351075.92 64351075.92
Other non-current
liabilities
Total of non-current
liabilities
134351075.92 134351075.92
Total liabilities 1070385569.68 1070385569.68
Owner’s equity:
Share capital 1123384189.00 1123384189.00
Other equity tools
Including: preferred
stock
Perpetual
bond
Capital reserves 360835.52 360835.52
Less: Shares in stock
Other miscellaneous
income
1287629.38 1287629.38
Special reserves
Surplus reserve 159805930.34 159805930.34
Retained profit 1236002518.79 1236002518.79
Total of owners’ equity 2520841103.03 2520841103.03
Total of liabilities and
owner’s interest
3591226672.71 3591226672.71
About the adjustment
As of January 1 2020 the Company has implemented new revenue guidelines listed the assigned goods or services entitled to
receive consideration as contractual assets and has been recognized as accounts receivable upon acquisition of unconditional
collection rights; The non-leased portion of the advances is included in the contractual liability and the tax portion is included in the
other current liabilities.
2. Description of the 2020 first implementation of the new Income criteria new lease standard retrospective
adjustment of the previous period comparison data
□ Applicable √ Inapplicable
3. 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
October 21 2020
沪公网安备31011802005267号
