Interim Report

Interim Report



Letter to Shareholders

Dear fellow Shareholders,

On behalf of Board of directors of VSG Vange Software Group AG, I’m pleased to release the interim

report of VSG Vange Software Group AG for the period ended by 30 June 2013.

Overview of Group in the half -year of 2013

The first six months of 2013 was a period of VSG Vange Software Group AG achieving a sustainable

development. On 21 Jun. 2012, VSG AG, as the first Chinese software company to be listed in

Germany, successfully listed in the Frankfurt stock exchange. In 2013, the Group still maintains the

leading position in the field of housing finance in China. Inspired by the creative and ever-lasting

enterprise culture, in 2013, as among the first batch in Fujian province, our group successfully met

the new China national standards and acquired the Computer System Integration Secondary

Qualification issued by the Ministry of Industry and Information Technology of the People's Republic

of China. The strict requirements of the new certification standards would help the Group to keep

the leading advantages in the housing finance market of China and to reduce the competitions from

the market.

Group Performance

VSG AG kept a sustainable growth in the first six months of 2013. With the endeavor of all Group

staffs and Group management, the Group realized the revenue income of EUR 28.3 million in the

first six months of 2013, net profit reached EUR 6.4 million, earning per share is EUR 1.56. The

robust business and healthy financial situation serves as a solid foundation for the Group

sustainable development.

In the housing finance field, facing the rapid growth of the information digitization requirement of