TigerResearch/tigerbot-earning-plugin huggingface dataset:
The Company pays close attention to the impact of exchange rate changes on the Company's exchange rate risk. The Company continuously monitors the scale of foreign currency transactions and foreign currency assets and liabilities to minimize foreign exchange risks. To this end, the Company may avoid foreign exchange risks by signing forward foreign exchange contracts or currency swap contracts.
(2) Exchange rate risk
The Group's interest rate risk mainly arises from long-term interest-bearing debts such as long-term bank loans. Financial liabilities with floating interest rate cause cash flow interest rate risk for the Group. Financial liabilities with fixed interest rate cause fair value interest rate risk for the Group. The Group decides the proportion between fixed interest rate and floating interest rate according to the market environment and regularly reviews and monitors the combination of fixed and floating interest rate instruments.
The Group Finance Department of the Company continuously monitors the Group interest rate level. The rising interest rate will increase the cost of the new interest-bearing debt and the interest expenditure on interest- bearing debt which has not yet been paid by the Company at the floating rate, and will have a significant adverse effect on the Company's financial performance. Management will make adjustments in time according to the latest market conditions.
As of December 31, 2022, when other risk variables remain unchanged, if the borrowing interest rate calculated by floating interest rate increases or decreases by 50 basis points, the net profit of the company in that year will decrease or increase by RMB6,125,600 (December 31, 2021: RMB6,829,400).
XI. Fair Value
1. Closing fair value of assets and liabilities measured at fair value
Item| Closing fair value|||
| First level fair value| Second level fair value| Third level fair value| Total
1. Continuous fair value measurement|--|--|--|--
(I) Transactional financial assets|789,205.34|||789,205.34
1. Financial assets measured at fair value with variations accounted into current income account|789,205.34|||789,205.34
(1) Derivative financial assets|789,205.34|||789,205.34
(2) Receivable financing|||1,338,202.01|1,338,202.01
(3) Investment in other equity tools|||11,968,973.86|11,968,973.86
(4) Investment real estate||5,750,831,172.12||5,750,831,172.12
1. Leased building||5,750,831,172.12||5,750,831,172.12
(5) Other non-current financial assets|||7,507,434.68|7,507,434.68
 Total assets measured at fair value continuously|789,205.34|5,750,831,172.12|20,814,610.55|5,772,434,988.01
(6) Transactional financial liabilities|293,400.00|||293,400.00
1. Derivative financial liabilities|293,400.00|||293,400.00
Total assets measured at fair value continuously|293,400.00|||293,400.00
2. Discontinuous fair value measurement|--|--|--|--
2. Recognition basis of market value of continuous and discontinuous items measured at first level fair value
The Group determines the fair value using quotation in an active market for financial instruments traded in an active market;
3. Valuation technique and qualitative and quantitative information for key parameters of continuous and discontinuous second level fair value items
For investment real estate, the Company adopts valuation technology to determine its fair value. The valuation techniques adopted are mainly the market comparison method and the income method, and the rent and resale model. The input value of valuation technology mainly includes comparable market unit price, market rent, vacancy rate, growth rate, rate of return, etc.
4. Valuation technique and qualitative and quantitative information for key parameters of continuous and discontinuous third level fair value items
If there is no active market, the Company uses evaluation techniques to determine the fair value. The valuation models are mainly cash flow discount model and market comparable company model. The input value of valuation technology mainly includes risk-free interest rate, benchmark interest rate, exchange rate, credit point difference, liquidity premium, lack of liquidity discount, etc.
5. Switch between different levels, switch reason and switching time policy
The Company takes the occurrence date of the events leading to the transition between levels as the time point to confirm the transition between levels. In the period, there is no switch in the financial assets measured at fair value between the first and second level or transfer in or out of the third level.
6. Fair value of financial assets and liabilities not measured at fair value
Financial assets and liabilities measured at amortized cost include: monetary capital, bills receivable, accounts receivable, other receivables, short-term borrowings, notes payable, accounts payables, other payables, and long-term payables.
XII. Related Parties and Transactions
Parent| Registered address| Business| Registered capital| Share of the parent co. in the Company| Voting power of the parent company
 Shenzhen Banglin Technologies Development Co., Ltd.| Shenzhen| Industrial investment| RMB30 million|11.11%|11.11%
 Shengjiu Investment Ltd.| Hong Kong| Industrial investment| HKD10,000|10.11%|10.11%
Particulars about the parent of the Company
1All of the investors of Shenzhen Banglin Technology Development Co., Ltd., the holding shareholder of the Company, are natural persons. Among them, Chairman Xiong Jianming is holding 85% of the shares, and Mr. Xiong Xi –son of Mr. Xiong Jianming, is holding 15% of the shares.
2Among the top 10 shareholders, Shenzhen Banglin Technology Development Co., Ltd. and Shengjiu Investment Co., Ltd. are acting in concert.
The final controller of the Company is Xiong Jianming.
For details of subsidiaries of the enterprise, please refer to Note IX, rights and interests in other entities.
3. Joint ventures and associates
Information about other joint ventures or associates with related transactions in this period or with balance generated by related transactions in previous period:
Joint venture or associate| Relationship with the Company
 Ganshang Joint Investment| Affiliates of the Company
Other related parties| Relationship with the Company
 Jiangxi Business Innovative Property Joint Stock Co., Ltd.| Affiliates of the Company
 Gong Qing Cheng Shi Li He Investment Management Partnership Enterprise (limited partner)| Affiliated relationship with Shenzhen Banglin Technology Development Co., Ltd.
 Shenyang Fangda| Subsidiary in liquidation
 Shenzhen Yikang Real Estate Co. Ltd.| Controlled subsidiaries
 Shenzhen Qijian Technology Co., Ltd. (Qijian Technology)| Common actual controller
 Director, manager and secretary of the Board| Key management
5. Related transactions
(1) Related transactions for purchase and sale of goods, provision and acceptance of services
Sales of goods and services
Affiliated party| Related transaction| Amount occurred in the current period| Occurred in previous period
 Qijian Technology| Property service and sales of goods|244,632.39|119,618.74
(2) Related leasing
The Company is the leasor:
Name of the leasee| Category of asset for lease| Rental recognized in the period| Rental recognized in the period
 Qijian Technology| Houses & buildings|868,571.40|962,580.65
(3) Related guarantees
The Company is the guarantor:
Beneficiary party| Amount guaranteed| Start date| Due date| Completed or not
 Fangda Jianke|15,000.00| April 10, 2020| Two years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|10,000.00| April 10, 2020| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|30,000.00| January 29, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|20,000.00| January 29, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|30,000.00| March 17, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|15,000.00| March 31, 2021| Three years after the expiration date of debt performance| Yes
Fangda Jiangxi New Material|10,000.00| May 26, 2021| Two years after the expiration date of debt performance| Yes
 Fangda Shanghai Zhijian|3,500.00| June 3, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|40,000.00| July 7, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|50,000.00| July 27, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jiangxi New Material|6,500.00| July 30, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|5,000.00| August 12, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|30,000.00| August 18, 2021| Three years after the expiration date of debt performance| Yes
Fangda Jianke|40,000.00| September 18, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Zhiyuan Technology|15,000.00| September 28, 2021| Three years after the expiration date of debt performance| Yes
 Kechuangyuan Software|1,000.00| September 30, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|25,000.00| November 17, 2021| Three years after the expiration date of debt performance| Yes
 Fangda Jianke|48,000.00| December 17, 2021| Three years after the expiration date of debt performance| Yes
 Total amount of guarantee fulfilled|394,000.00|||
 Fangda Jianke and Fangda Zhiyuan Technology|15,400.00| December 18, 2019| Two years after the expiration date of debt performance| No
Fangda Property|135,000.00| February 25, 2020| Two years after the expiration date of debt performance| No
 Fangda Property|47,000.00| December 16, 2020| Three years after the expiration date of debt performance| No
 Fangda Jianke|60,000.00| December 21, 2021| Three years after the expiration date of debt performance| No
 Fangda Jianke|24,000.00| March 9, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhiyuan Technology|15,000.00| March 9, 2022| Three years after the expiration date of debt performance| No
 Fangda Jiangxi New Material|10,000.00| April 20, 2022| Three years after the expiration date of debt performance| No
 Fangda Yunzhu|600.00| May 10, 2022| Three years after the expiration date of debt performance| No
Fangda Jianke|15,000.00| May 23, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhiyuan Technology|10,000.00| May 23, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhijian|7,000.00| June 1, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhiyuan Technology|40,000.00| July 4, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|20,000.00| August 10, 2022| Three years after the expiration date of debt performance| No
 Fangda Yunzhu|800.00| August 19, 2022| Three years after the expiration date of debt performance| No
 Fangda Jiangxi New Material|8,500.00| September 6, 2022| Three years after the expiration date of debt performance| No
Fangda Jianke|4,000.00| September 8, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|50,000.00| September 20, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|30,000.00| September 20, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|30,000.00| October 19, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhiyuan|20,000.00| October 19, 2022| Three years after the expiration date of debt performance| No
 Fangda Zhiyuan|15,000.00| November 1, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|86,000.00| November 24, 2022| Three years after the expiration date of debt performance| No
Fangda Jianke|39,000.00| December 9, 2022| Three years after the expiration date of debt performance| No
 Fangda Jianke|48,000.00| December 15, 2022| Three years after the expiration date of debt performance| No
 Total amount of guarantee being performed|730,300.00|||
Description of related party guarantee: The above-mentioned guarantees are all associated guarantees within interested entities of the Company.
(4) Remuneration of key management
Item| Amount occurred in the current period| Occurred in previous period
 Directors, supervisors and senior management|9,495,306.69|9,463,963.93
6. Receivable and payables due with related parties
(1) Receivable interest
Project name| Affiliated party| Closing balance|| Opening balance|
|| Remaining book value| Bad debt provision| Remaining book value| Bad debt provision
 Account receivable| Qijian Technology|4,708.76|47.09|4,194.54|41.95
 Other receivables| Shenyang Fangda|42,877.00|42,877.00|42,877.00|42,877.00
 Other receivables| Ganshang Joint Investment|3,791,089.25|56,487.23|3,791,089.25|56,487.23
 Other receivables| Shenzhen Yikang Real Estate Co. Ltd.|70,062,675.83|1,043,933.87|70,062,675.83|1,043,933.87
(2) Receivable interest
Project name| Affiliated party| Closing balance of book value| Opening balance of book value
 Other payables| Shenzhen Yikang Real Estate Co. Ltd.|25,305,047.71|25,116,052.92
 Other payables| Qijian Technology|400.00|400.00
 Other payables| Ganshang Joint Investment|3,355.36|3,355.36
XIII. Contingent events
1. Major commitments
Major commitments that exist on the balance sheet day
On November 6, 2017, Fangda Real Estate Co., Ltd., a subsidiary of the Company, and Bangshen Electronics (Shenzhen) Co., Ltd. signed the "Joint Development Agreement on Fangda Bangshen Industrial Park (Temporary Name) Urban Renewal Project", and the two parties agreed to develop cooperatively. In order to develop urban renewing projects such as a "renovation project", Fangda Real Estate provided Party A with property compensation through renovating and renovating the property allocation terms agreed upon by both parties, and obtained independent development rights of the project. As of December 31, 2022, Fangda Real Estate has paid a deposit of RMB 20,000,000.
(2) In July 2018 ,the Company's subsidiary Fangda Real Estate Co. Ltd. (Party A) signed a contract with Shenzhen Yikang Real Estate Co. Ltd. (Party B1) and Shenzhen Qianhai Zhongzheng Dingfeng No. 6 Investment Enterprise (Limited Partnership)(Party B2), "Shenzhen Henggang Dakang Village Project Cooperation Agreement". Party B agrees to transfer the entire equity of the project company it holds and the entire development interest of the project to Party A. Party A shall pay Party B a total of
RMB600 million for the cooperation price. As of December 31, 2022, Fangda Property has paid Party B and the project company RMB50 million of security deposit, RMB20 million of service fee, RMB61,937,200 of equity transfer and RMB73,062,800 of other related payments.
In May 2021, the subsidiaries Fangda Jianke, Fangda Jiangxi New Material and CITIC Securities Investment Co., Ltd.,
Shenzhen Hi Tech Investment Venture Capital Co., Ltd., Shenzhen Qianhai Pengchen Investment Partnership (limited partnership), Gongqingcheng Longrun Spring Investment Partnership (limited partnership), Shenzhen Jiayuan Capital Management Co., Ltd and Gongqingcheng Huasheng Botai Investment Partnership (limited partnership) (hereinafter referred to as the "Transferee")
signed equity transfer agreements to transfer 10.9375% of the total equity of Fangda Zhiyuan Technology, with the transfer amount of RMB 175 million. The agreement also stipulates that if Fangda Zhiyuan Technology fails to start and complete the qualified
listing before May 31, 2025, the transferee has the right to require Fangda Jianke and Fangda Jiangxi New Material to repurchase or transfer all or part of the equity of Fangda Zhiyuan Technology held by the transferee.
The Company has no other commitments that should be disclosed by December 31, 2022.
2. Contingencies
Significant contingencies on the balance sheet date:
(1) Contingent liabilities formed by material lawsuit or arbitration, and their influences on the financial position
1On June 19, 2019, Langfang Aomei Jiye Real Estate Development Co., Ltd. filed a lawsuit against Fangda Jianke in the People's Court of Langfang Development Zone, demanding compensation of RMB19,721,315.00, and filed an application for appraisal of quality, repair cost and uncompleted project cost on December 26, 2019; Fangda Jianke filed a counterclaim on September 11, 2019, demanding payment of RMB13,939,863.27, and put forward the application for completed project cost appraisal on November 22, 2019. As of the date of this report, the case is still in the identification process.
2In March 2022, Xiangheng Real Estate (Jinan) Co., Ltd. filed an arbitration with the Jinan Arbitration Commission,
requesting Fangda Jianke to bear the deduction, maintenance, rectification and rework costs of RMB8,956,563.81 and lawyer's fees of RMB350,000.00 caused by the quality problems of the supply and installation of aluminum alloy doors and windows,
louvers and curtain walls of Jinan Kerry comprehensive development project (phase I and II); In April 2022, Fangda Construction Technology Co., Ltd. filed an anti arbitration application, requiring Xiangheng Real Estate (Jinan) Co., Ltd. to pay a total of
RMB18,062,462.28 for the project funds and project expenses. As of the date of this report, the two cases are under joint trial.
3In September 2022, Fangda Jianke Co., Ltd. filed a lawsuit to the People's Court of Longhua District, requiring Longguang Engineering Construction Co., Ltd. to pay the total principal and interest of the project funds of Longguang Jiuzuan Project Plot 05 and Plot 09 to Fangda Construction Technology Co., Ltd., totaling RMB33,197,543.00. As of the date of this report, the court has filed a case and has not yet held a hearing.
4In October 2022, Fangda Jianke Co., Ltd. filed a lawsuit to the People's Court of Danzhou City, Hainan Province,
requesting Danzhou Dongtuo Tourism Development Co., Ltd. to pay to Fangda Jianke Co., Ltd. a total of RMB27,863,564.06 of the principal and interest of the project payment for the Hengda Huadao Project. As of the date of this report, the court has
received the filing materials and has not yet filed the case.
5In October 2022, Fangda Jianke Co., Ltd. filed an application for arbitration with the Guiyang Arbitration Commission, requiring Zhongtian Urban Investment Group Guiyang International Financial Center Co., Ltd. to pay Fangda Jianke Co., Ltd. a total of RMB10,818,847.31 of the principal and interest of the curtain wall project of Building 7 and Building 9 in the first phase of Guiyang International Financial Center Business District. As of the date of this report, the arbitration tribunal has filed a case and held a hearing, waiting for an award.
6In September 2022, Fangda Real Estate Co., Ltd. filed a lawsuit to the People's Court of Nanshan District, Shenzhen,
requiring Shenzhen Hongtao Group Co., Ltd. to pay the total principal and interest of Fangda Real Estate Co., Ltd. to Fangda Real Estate Co., Ltd. for the purchase of building 3 # in Fangda City, amounting to RMB56,527,427.01, and Hongtao Company's
counterclaim party, Dada Real Estate Co., Ltd., requested to cancel the signed Supplementary Agreement on Real Estate Sales and pay the liquidated damages of RMB44,046,859.04 for overdue certificate processing. As of the date of this report, the court has held a trial and has not yet concluded the trial.
7In September 2022, Fangda Real Estate filed a lawsuit with the People's Court of Nanshan District, Shenzhen City,
requesting the court to order the cancellation of the Shenzhen Real Estate Sales Contract (Cash Sale) signed by Fangda Real Estate and Shenzhen Rijiasheng Trading Co., Ltd., and order Rijiasheng to pay the bank mortgage loan compensation of
RMB18,796,489.12 and interest of RMB3,800,495.61 to Fangda Real Estate, and the liquidated damages for contract cancellation of RMB3,428,313.1, occupation fee Please refund the overdue fee. In September 2022, Shenzhen Rijiasheng Trading Co., Ltd. filed a lawsuit to the People's Court of Nanshan District, Shenzhen, requesting Fangda Real Estate to perform the obligation of handling the certificate and bear the liquidated damages for overdue handling of the certificate. The provisional amount of
RMB3,669,046.43 is actually calculated until the certificate is completed. As of the date of this report, the two cases have not yet been heard.
8In July 2022, Wang Weihong filed a lawsuit on the ground that Fang Dajianke Company constituted a preservation error in the (2015) YYYZFMCZ No. 01205 case, claiming that Fang Dajianke Company compensated for the loss of RMB2,325,779.17, and another lawsuit claimed that Fang Dajianke Company owed its project payment principal of RMB4.78 million and interest. The court of first instance in both cases has ruled against all of Wang Weihong's claims. As of the date of this report, Wang
Weihong has filed an appeal and is in the process of second instance.
9Fangda Zhiyuan Technology Co., Ltd. and Shenzhen BYD Supply Chain Management Co., Ltd. (hereinafter referred to as"BYD") have a purchase and sales contract dispute, and BYD has defaulted on payment for goods. Fangda Zhiyuan Technology Co., Ltd. filed a lawsuit to the People's Court of Pingshan District on October 20, 2022, demanding payment of RMB5.4532
million for raw materials and storage and management fees. As of the issuance date of this report, the court has accepted the case on February 13, 2023, waiting for the first trial.
(2) Pending major lawsuits
1On September 6, 2017, Chenghua District People's Court of Chengdu Municipality sentenced Sichuan Chuta Hengyuan Industrial Co., Ltd. to pay construction payment of RMB10,242,182.99 to Fangda Jianke within 10 days from the date of the verdict 川0108 民初1828 号. As of the date of this report, Fangda Jianke has applied for execution and has not received the relevant payment.
2On November 15, 2019, the Chengdu Chenghua District People's Court ruled that Sichuan Chuanta Hengyuan Industrial Co., Ltd. shall pay interest to the company (at 841.23 yuan) within 10 days from the effective date of the judgment with (2019) Chuan 0108 Min Chu No. 428 As the base number, from May 29, 2015 to the day when the payment is paid; using 841,876. 32 yuan as the base number, from May 28, 2015 to the day when the payment is paid. Based on $841, 876.32, from 28 May 2016 to the date of payment). The company has priority right to be paid for the discounted or auctioned price of project C of Sichuan
Tower Project (Television Culture Plaza) within the scope of 7,697,4#*@$ Yuan. As of the date of this report, Fangda Jianke has not received relevant funds.
3In November 2018, the Company's subsidiary, Fangda Jianke, sued Fujian Huapu Real Estate Development Co., Ltd.
(hereinafter referred to as Huapu company) to the People's Court of Taijiang District, Fuzhou City for paying RMB13,810,243.67 of project payment and RMB373,380.16 of overdue interest, totaling RMB14,183,623.83. Case No.: (2019) Min 0103 Min Chu
No. 4282. In April 2020, Huapu Company filed a counterclaim application to the court, requesting Fangda Jianke Company to pay a total of 12,746,000.00 yuan for the construction period and quality. In October 2021, the court ruled that Huapu should pay the project payment of RMB10,683,952.00 and overdue payment interest to Fangda Jianke, of which the project payment of
RMB10,683,952.00 has the priority to be paid, and the judgment has come into force. As of the date of this report, Huapu has been applied for bankruptcy liquidation, and Fangda Jianke has declared priority creditor's rights.
4In January 2022, Fangda Jianke filed a lawsuit against Chongqing Yongde Real Estate Co., Ltd. to the People's Court of
Jiangbei District, Chongqing to pay RMB28,760,911.55 for the project and the interest on overdue payment, and claimed to enjoy the priority of the project payment. The case number is (2022)渝0105 民初227 号. In May 2022, the court ruled that Chongqing Yongde Real Estate Co., Ltd. should pay RMB28,760,911.55 of project funds and overdue payment interest to Fangda Jianke, and supported the priority right of compensation of project funds. The judgment has taken effect. As of the date of this report,