方大Ｂ：2021年半年度报告（英文版）.PDF

Interim Report 2021 of China Fangda Group Co.,Ltd.1 China Fangda Group Co.,Ltd.2021 Interim Report August 2021 Interim Report 2021 of China Fangda Group Co.,Ltd.2 Chapter 1 Important Statement,Table of Contents and Definitions The members of the Board and the Company guarantee that the interim report is free from any false information,misleading statement or material omission and are jointly and severally liable for the informations truthfulness,accuracy and integrity.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.All the Directors have attended the meeting of the board meeting at which this report was examined.Forward-looking statements involved in this report including future plans do not make any material promise to investors.Investors should pay attention to investment risks.The Company has specified market,management and production and operation risks in this report.Please review the 10.Risks Facing the Company and Measures in Chapter 3 Management Discussion and Analysis.The Company will distribute no cash dividends or bonus shares and has no reserve capitalization plan.Interim Report 2021 of China Fangda Group Co.,Ltd.3 Table of Contents Chapter 1 Important Statement,Table of Contents and Definitions.2 Chapter 2 About the Company and Financial Highlights.7 Chapter 3 Management Discussion and Analysis.11 Chapter IV Corporation Governance.34 V.Environmental and social responsibility.36 Chapter VI Significant Events.38 Chapter VII Changes in Share Capital and Shareholders.48 Chapter VIII Preferred Shares.54 Chapter IX Information about the Companys Securities.55 Chapter X Financial Statements.56 Interim Report 2021 of China Fangda Group Co.,Ltd.4 Reference 1.Financial statements stamped and signed by the legal representative,CFO and accounting manager;2.Originals of all documents and manuscripts of Public Notices of the Company disclosed in public.Interim Report 2021 of China Fangda Group Co.,Ltd.5 Definitions Terms Refers to Description Fangda Group,company,the Company Refers to China Fangda Group Co.,Ltd.Articles of Association Refers to Articles of Association of China Fangda Group Co.,Ltd.Meeting of shareholders Refers to Meetings of shareholders of China Fangda Group Co.,Ltd.Board of Directors Refers to Board of Directors of China Fangda Group Co.,Ltd.Supervisory Committee Refers to Supervisory Committee of China Fangda Group Co.,Ltd.Banglin Technology Refers to Shenzhen Banglin Technologies Development Co.,Ltd.Shilihe Co.Refers to Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise(limited partner)Shengjiu Co.Refers to Shengjiu Investment Ltd.Fangda Jianke Refers to Shenzhen Fangda Jianke Group Co.,Ltd.Fangda Zhichuang Refers to Fangda Zhichuang Science and Technology Co.,Ltd.Fangda New Material Refers to Fangda New Materials(Jiangxi)Co.,Ltd.Fangda New Energy Refers to Shenzhen Fangda New Energy Co.,Ltd.Fangda Property Refers to Shenzhen Fangda Property Development Co.,Ltd.Chengdu Fangda Refers to Chengda Fangda Construction Technology Co.,Ltd.Dongguan Fangda New Material Refers to Dongguan Fangda New Material Co.,Ltd.Kechuangyuan Software Refers Shenzhen Qianhai Kechuangyuan Software Co.,Ltd.Interim Report 2021 of China Fangda Group Co.,Ltd.6 to Fangda Property Management Refers to Shenzhen Fangda Property Management Co.,Ltd.Fangda Property Refers to Fangda(Jiangxi)Property Development Co.,Ltd.Hongjun Investment Company Refers to Shenzhen Hongjun Investment Co.,Ltd.Fangda Investment Partnership Refers to Shenzhen Fangda Investment Partnership(Limited Partnership)Lifu Investment Refers to Shenzhen Lifu Investment Co.,Ltd Xunfu Investment Refers to Shenzhen Xunfu Investment Co.,Ltd Jianke Hong Kong Refers to Fangda Jianke Hong Kong Co.,Ltd.Shanghai Jianzhi Refers to Shanghai Fangda Jianzhi Technology Co.,Ltd.Shanghai Zhijian Refers to Shanghai Fangda Zhijian Technology Co.,Ltd Fangda Cloud Rail Refers to Shenzhen Fangda Cloud Rail Technology Co.,Ltd.Jianke Australia Refers to Fangda Australia Pty Ltd Zhichuang Technology Hong Kong Refers to Fangda Zhichuang Science and Technology(Hong Kong)Co.,Ltd.Shihui International Refers to Shihui International Holding Co.,Ltd.Fangda Southeast Asia Refers to Fangda Southeast Asia Co.,Ltd.Yunzhu Refers to Shenzhen Yunzhu Industrial Co.,Ltd.Shenyang Fangda Refers to Shenyang Fangda Semi-conductor Lighting Co.,Ltd.Shenzhen Woke Refers to Shenzhen Woke Semi-conductor Lighting Co.,Ltd.SZSE Refers to Shenzhen Stock Exchange Interim Report 2021 of China Fangda Group Co.,Ltd.7 Chapter 2 About the Company and Financial Highlights 1.Company Profile Stock ID Fangda Group,Fangda B Stock code 000055,200055 Modified stock ID(if any)None Stock Exchange Shenzhen Stock Exchange Chinese name China Fangda Group Co.,Ltd.English name(if any)Fangda Group English name(if any)CHINA FANGDA GROUP CO.,LTD.English abbreviation(if any)CFGC Legal representative Xiong Jianming 2.Contacts and liaisons Secretary of the Board Representative of Stock Affairs PRINTED NAME Xiao Yangjian Guo Linchen Address 39th Floor,Building T1,Fangda Town,No.2,Longzhu 4th Road,Nanshan District,Shenzhen 39th Floor,Building T1,Fangda Town,No.2,Longzhu 4th Road,Nanshan District,Shenzhen Telephone 86(755)26788571 ext.6622 86(755)26788571 ext.6622 Fax 86(755)26788353 86(755)26788353 Email 3.Other Information 1.Liaison Changes to the Companys registration address,office address,post code,website or email during the report period Applicable Inapplicable Registered address Fangda Technology Building,Kejinan 12th Avenue,High-tech Zone,Hi-tech Park South Zone,Nanshan District,Shenzhen,PR China.Post code 518057 Office address 39th Floor,Building T1,Fangda Town,No.2,Longzhu 4th Road,Nanshan District,Shenzhen Post code 518055 Interim Report 2021 of China Fangda Group Co.,Ltd.8 Website http:/ Email Enquiry date on specific websites for provisional announcement disclosure(if any)Friday,March 26,2021 Website where specific websites for provisional announcement disclosure are listed(if any)http:/ 2.Information disclosure and inquiring Changes to the information disclosure and inquiring place Applicable Inapplicable Please refer to the 2020 annual report for the newspapers and websites where the Companys information is disclosed.The inquiry address of the interim report has remained unchanged during the report period.4.Financial Highlight Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years Yes No Retroactive adjustment or restatement Consolidation of entities under common control This report period Same period last year Year-on-year change(%)Before adjustment After adjustment After adjustment Turnover(yuan)1,568,778,834.98 1,251,608,064.42 1,256,258,223.01 24.88%Net profit attributable to shareholders of the listed company(yuan)111,488,701.33 146,839,884.57 147,784,781.12-24.56%Net profit attributable to the shareholders of the listed company and after deducting of non-recurring gain/loss(yuan)97,095,794.95 146,292,847.94 146,292,847.94-33.63%Net cash flow generated by business operation(yuan)-500,924,545.00-136,985,479.40-138,927,264.32-260.57%Basic earnings per share(yuan/share)0.10 0.13 0.13-23.08%Diluted Earnings per share(yuan/share)0.10 0.13 0.13-23.08%Weighted average net income/asset ratio 2.05%2.81%2.82%-0.77%End of the report period End of last year Year-on-year change Before adjustment After adjustment After adjustment Total asset(yuan)11,721,210,311.06 11,866,857,250.39 11,891,460,320.08-1.43%Net profit attributable to the shareholders of the listed company(RMB)5,503,070,436.51 5,380,857,155.39 5,392,378,856.43 2.05%Interim Report 2021 of China Fangda Group Co.,Ltd.9 Note:(1)the net profit attributable to the shareholders of the listed company in the reporting period decreased by 24.56%compared with the same period of last year,mainly due to the change of accounting estimates according to the expected credit loss rate of accounts receivable and contract assets in the same period of last year,resulting in an increase of RMB80.7396 million in the net profit in the same period of last year;After deducting the impact,the net profit attributable to the shareholders of the listed company in the reporting period increased by 66.29%over the same period of last year.(2)The net cash flow from operating activities in the reporting period decreased by 260.57%compared with the same period of last year,mainly due to the decrease of cash flow from operating activities compared with the same period of last year due to the settlement and payment of land value-added tax of RMB349,316,800 yuan in the reporting period of Shenzhen Fangda Town project of real estate business.5.Differences in accounting data under domestic and foreign accounting standards 1.Differences in net profits and assets in financial statements disclosed according to the international and Chinese account standards Applicable Inapplicable There is no difference in net profits and assets in financial statements disclosed according to the international and Chinese account standards during the report period.2.Differences in net profits and assets in financial statements disclosed according to the overseas and Chinese account standards Applicable Inapplicable There is no difference in net profits and assets in financial statements disclosed according to the international and Chinese account standards during the report period.6.Accidental gain/loss item and amount Applicable Inapplicable In RMB Item Amount Notes Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made)-2,027,304.03 Subsidies accounted into the current income account(except the government subsidy closely related to the enterprises business and based on unified national standard quota)3,563,846.25 Net gain between the beginning and merger day of subsidiaries generated by merger of companies under common control 17,512.89 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 3,102,080.16 Interim Report 2021 of China Fangda Group Co.,Ltd.10 related to the Companys common businesses Write-back of impairment provision of receivables and contract assets for which impairment test is performed individually 14,600,000.00 Other non-business income and expenditures other than the above-2,279,268.05 Less:Influenced amount of income tax 2,384,080.04 Influenced amount of minority shareholders equity(after-tax)199,880.80 Total 14,392,906.38-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.Interim Report 2021 of China Fangda Group Co.,Ltd.11 Chapter 3 Management Discussion and Analysis 1.Major businesses of the Company during the report period Headquartered in Nanshan District,Shenzhen,the Companys B shares and A shares were listed on the Main Board of Shenzhen Stock Exchange in November 1995 and April 1996 respectively.Currently,seven major business subsidiaries of the Company are national high-tech enterprises with modern production bases in Shanghai,Chengdu,Nanchang,and Dongguan respectively.Adhering to the green,low-carbon and environmental protection industry,the Company successively opened up high-end curtain wall,solar photovoltaic(BIPV)curtain wall,PVDF aluminum veneer,rail transit PSD system and other industries in China in 1992.Over the past 30 years since its establishment,the Company has adhered to the tenet of science and technology and innovation as the source,forged Fangda craftsman spirit in the pursuit of excellent quality,and built Fangda smart curtain wall,Fangda PVDF aluminum veneer,Fangda rail transit PSD system and other products into a global industry benchmark brand.In the first half of 2021,the environment at home and abroad remained complex with uncertain and unstable factors,especially the continuous rise of commodity prices,which led to the rise of enterprise costs.COVID-19 was complex and perplexing.It still did not end,and brought great difficulties and challenges to the production and operation of enterprises.Under the leadership of the Board of Directors and through the joint efforts of all employees,the Company has basically completed the business objectives for the first half of 2021.During the reporting period,the Company realized an operating revenue of RMB1,568,778,800 yuan,an increase of 24.88%over the same period of last year;The net profit attributable to the owner of the parent company was RMB111,488,700 yuan,a decrease of 24.56%over the same period of last year.The decrease was mainly due to the change of accounting estimates according to the expected credit loss rate of accounts receivable and contract assets in the same period of last year,resulting in an increase of RMB80,739,600 yuan in the same period of last year.After deducting the impact,the net profit attributable to shareholders of the listed company for the reporting period increased by 66.29%over the same period of the previous year.As of the end of the reporting period,the Companys order reserve was RMB6,264,186,100(excluding presales of real estate),an increase of 30.26%from the same period of the previous year,which was 3.99 of the Companys operating revenue in 2021 H1.Sufficient order reserve provides a strong guarantee for the high-quality development of the Company.1.Smart curtain wall system and material industry(1)Industry development After years of development,especially the rapid development in the 1990s,by the beginning of the 21st century,China has become the worlds largest curtain wall production and use country.With the further promotion of the national regional coordinated development strategy,development plans such as new urbanization,coordinated development of Beijing-Tianjin-Hebei,“One Belt One Road”initiative,Guangdong-Hong Kong-Macao Greater Bay Area construction,Shenzhen Pilot Demonstration Zone,etc.,as well as new materials,new technologies,and new have brought new opportunities for the development of curtain wall industry.With the development of the industry,the competition in the curtain wall industry will intensify and show a significant differentiation trend.As the industry leader,the market share will be continuously improved.The ninth meeting of the Central Finance and Economics Committee on March 15,20