China Fangda Group Co., Ltd
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Annual Report 2019 of China Fangda Group Co., Ltd. China Fangda Group Co., Ltd. 2019 Annual Report April 2020 1 Annual Report 2019 of China Fangda Group Co., Ltd. Chapter 1 Important Statement, Table of Contents and Definitions 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. 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 needs to comply with disclosure requirements of the Shenzhen Stock Exchange Industry Information Disclosure Guideline No.6 – Listed Companies Engaged in Decoration Business and disclosure requirements of the Shenzhen Stock Exchange Industry Information Disclosure Guideline No.3 – Listed Companies Engaged in Property Development. The Company has specified market, management and production and operation risks in this report. Please review the potential risks and measures 2 Annual Report 2019 of China Fangda Group Co., Ltd. mentioned in the discussion and analysis of future development in IV. Operation Discussion and Analysis. Based on the total share capital after the market close on the stock registration day when the profit distribution plan is implemented, a cash dividend of RMB 0.50 (tax included) will be distributed to all shareholders for every 10 shares, and no bonus shares will be sent or capital reserves will be transferred to increase capital. The Company is currently implementing the Company's plan to repurchase B shares in 2019. As of the date of the meeting of the board of directors to review the 2019 profit distribution proposal, it has repurchased 2,705,700 shares of the Company's shares through a centralized auction transaction through a special account for share repurchase securities At the end of 2019, the Company's total share capital of 1,123,384,189 shares was deducted. The current share capital after repurchasing shares was 1,120,678,489 shares as the base. The estimated total amount of cash dividends is RMB56,033,924.45 (including tax) (the actual total amount of dividends is registered as equity when the profit distribution plan is implemented. (The total share capital after the market closes on the day is the total dividend calculated based on the base). After the Company's profit distribution plan is announced and implemented, if the total share capital changes, the total share capital after the market close on the share registration date when the profit distribution plan is implemented is used as the base. According to the "distributable cash dividend 3 Annual Report 2019 of China Fangda Group Co., Ltd. of RMB 0.50 per 10 shares (including tax), no The principle of "change", in the announcement of the Company’s profit distribution implementation, disclose the total amount of dividends calculated based on the total share capital after the market close on the stock registration day when the Company’s profit distribution plan is implemented (total stock capital after the market close on the stock registration day = the Company’s total share capital at the end of 2019 -The number of shares repurchased by the Company's plan to repurchase B shares in 2019). 4 Annual Report 2019 of China Fangda Group Co., Ltd. Table of Contents Chapter I Difitions ............................................................................................................................. 8 Chapter 2 About the Company and Financial Highlights ............................................................ 13 Chapter 3 Business Introduction .................................................................................................... 19 Chapter 4 Operation Discussion and Analysis .............................................................................. 43 Chapter 5 Significant Events .......................................................................................................... 58 Chapter 6 Changes in Share Capital and Shareholders ............................................................... 65 Chapter 7 Preferred Shares ............................................................................................................ 65 Chapter 8 Information about the Company’s Convertible Bonds .............................................. 65 Chapter 9 Particulars about the Directors, Supervisors, Senior Management and Employees ............................................................................................................................................................ 66 Chapter 10 Corporation Governance............................................................................................. 67 Chapter 11 Information about the Company’s Securities ............................................................ 73 Chapter 12 Financial Statements .................................................................................................... 80 Chapter 13 Documents for Reference ............................................................................................ 81 5 Annual Report 2019 of China Fangda Group Co., Ltd. Definitions Refers Terms Description to Refers Fangda Group, company, the Company China Fangda Group Co., Ltd. to Refers Articles of Association Articles of Association of China Fangda Group Co., Ltd. to Refers Meeting of shareholders Meetings of shareholders of China Fangda Group Co., Ltd. to Refers Board of Directors Board of Directors of China Fangda Group Co., Ltd. to Refers Supervisory Committee Supervisory Committee of China Fangda Group Co., Ltd. to Refers Banglin Technology Shenzhen Banglin Technologies Development Co., Ltd. to Refers Gong Qing Cheng Shi Li He Investment Management Partnership Shilihe Co. to Enterprise (limited partner) Refers Shengjiu Co. Shengjiu Investment Ltd. to Refers Fangda Jianke Shenzhen Fangda Jianke Group Co., Ltd. to Refers Fangda Zhichuang Fangda Zhichuang Science and Technology Co., Ltd. to Refers Fangda New Material Fangda New Materials (Jiangxi) Co., Ltd. to Refers Fangda New Resource Shenzhen Fangda New Energy Co., Ltd. to Refers Fangda Property Shenzhen Fangda Property Development Co., Ltd. to Refers Chengdu Fangda Jianke Chengda Fangda Construction Technology Co., Ltd. to Refers Dongguan Fangda New Material Dongguan Fangda New Material Co., Ltd. to 6 Annual Report 2019 of China Fangda Group Co., Ltd. Refers Kechuangyuan Software Shenzhen Qianhai Kechuangyuan Software Co., Ltd. to Refers Kexunda Co. Shenzhen Kexunda Software Co., Ltd. to Refers Fangda Property Shenzhen Fangda Property Management Co., Ltd. to Refers Jiangxi Property Fangda (Jiangxi) Property Development Co., Ltd. to Refers Hongjun Investment Company Shenzhen Hongjun Investment Co., Ltd. to Refers Fangda Qingling Shanghai Fangda Qingling Technology Co., Ltd. to Refers Fangda Cloud Rail Shenzhen Fangda Cloud Rail Technology Co., Ltd. to Refers Jianke Australia Fangda Australia Pty Ltd to Refers Automatic Hong Kong Fangda Automation (Hong Kong) Co., Ltd. to Refers Shihui International Shihui International Holding Co., Ltd. to Refers Fangda Southeast Asia Fangda Southeast Asia Co., Ltd. to Refers Shenyang Fangda Shenyang Fangda Semi-conductor Lighting Co., Ltd. to Refers Shenzhen Woke Shenzhen Woke Semi-conductor Lighting Co., Ltd. to Refers SZSE Shenzhen Stock Exchange to 7 Annual Report 2019 of China Fangda Group Co., Ltd. Chapter 2 About the Company and Financial Highlights 1. Company profiles 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. Chinese abbreviation Fangda Group English name (if any) CHINA FANGDA GROUP CO., LTD. English abbreviation (if any) CFGC Legal representative Xiong Jianming Fangda Technology Building, Kejinan 12th Avenue, High-tech Zone, Hi-tech Park South Zone, Registered address Shenzhen, PR China. Zip code 518057 20F, Fangda Technology Building, Kejinan 12th Avenue, High-tech Zone, Hi-tech Park South Zone, Office address Shenzhen, PR China. Zip code 518057 Website http://www.fangda.com Email [email protected] 2. Contacts and liaisons Secretary of the Board Representative of Stock Affairs PRINTED NAME Zhou Zhigang Guo Linchen 20F, Fangda Technology Building, Kejinan 20F, Fangda Technology Building, Kejinan Address 12th Avenue, High-tech Zone, Hi-tech Park 12th Avenue, High-tech Zone, Hi-tech Park South Zone, Shenzhen, PR China. South Zone, Shenzhen, PR China. Telephone 86(755) 26788571 ext. 6622 86(755) 26788571 ext. 6622 Fax 86(755)26788353 86(755)26788353 Email [email protected] [email protected] 3. Information disclosure and inquiring China Securities Journal, Security Times, Shanghai Securities Daily, Hong Press medias of information disclosure Kong Commercial Daily 8 Annual Report 2019 of China Fangda Group Co., Ltd. Website assigned by CSRC to release the online http://www.cninfo.com.cn reports Place for information inquiry Secretarial Office of the Board 4. Registration changes Organization code None Changes in main businesses since the None listing of