SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
1
SHENZHEN FIYTA HOLDINGS LTD.
2010 3RD Quarterly Report – Full Text
§1 Important
1.1 The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives of
the Company hereby confirm that there are no important omissions, fictitious statements or serious
misleading information carried in this report, and shall take all responsibilities, individually and/or jointly,
for the authenticity, accuracy and completion of the whole contents.
1.2 The Company’s financial report of the third quarter has not been audited by the certified public
accountants.
1.3 Mr. Wu Guangquan, the Company leader, Mr. Li Dehua, chief financial officer, and Mr. Hu Xinglong,
the manager of the accounting department (accounting supervisor) hereby confirm the authenticity and
completeness of the financial report enclosed in this quarterly report.
§2 Company Information
2.1 Financial Highlights
In RMB
Sep. 30, 2010 Dec. 31, 2009 Increase/Decrease rate (%)
Total Assets (RMB) 1,750,595,620.67 1,523,936,983.79 14.87%
Owners’ equity attributable to the
Company’s shareholders, in RMB 758,358,618.32 714,808,466.77 6.09%
Capital stock (shares) 249,317,999.00 249,317,999.00 0.00%
Net assets per share attributable to the
Company’s shareholders (RMB/share) 3.04 2.87 6.09%
Jul. to Sep., 2010
Year-on-year
increase/decrease((
%)
Jan. to Sep., 2010
Year-on-year
increase/decrease((
%)
Total operating income, in RMB 453,527,789.59 44.84% 1,264,339,700.40 42.73%
Net profit attributable to the Company’s
shareholders in RMB
26,122,530.20 26.49% 68,522,001.86 43.30%
Net cash flows arising from operating
activities, in RMB - - -58,184,368.69 -171.69%
Net cash flows per share arising from
operating activities (RMB/share) - - -0.23 -171.69%
Basic earning per share (RMB/share) 0.105 26.51% 0.275 43.30%
Diluted earning per share (RMB/share) 0.105 26.51% 0.275 43.30%
Net assets-income ratio, weighted
average (%) 3.66% 23.65% 9.52% 38.78%
Weighted net assets-income ratio
after deducting the non-recurring gains
and loss (%)
3.45% 11.65% 8.52% 26.22%SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
2
Non-recurring profit and loss items Amount from year beginning to
the end of the report period Notes
Gain/loss from disposal of non-current assets 6,937,701.81
Government subsidy charged to the current gain and loss but
except the government subsidy with close relation with the
Company’s normal business, in compliance with the national
policy, with the nominal amount or fixed amount
1,841,335.01
Net income and expense of the business other than the above
items 372,564.26
Amount influencing the income tax -2,007,646.06
Total 7,143,955.02 -
2.2 Total number of shareholders and shares held by the top ten shareholders of non-restricted
shares at the end of the report period
Shares
Total shareholders at the end of the report
period 19,773
Shares held by top 10 shareholders of non-restricted shares
Full names of shareholders
Quantity of the non-restricted
negotiable shares held at the end of
the period
Types
Industrial and Commercial Bank of China –
E-Fund Value Growth Mixed Securities
Investment Fund
6,948,030 A Shares
BBH BOS S/A FIDELITY FD - CHINA
FOCUS FD 4,775,113 B shares
Industrial and Commercial Bank of China –
Huitianfu Balance Growth Stock Based
Securities Investment Fund
4,000,070 A Shares
Industrial and Commercial Bank of China –
Huitianfu Growth Focus Stock Based
Securities Investment Fund
2,182,643 A Shares
KGI ASIA LIMITED 2,024,572 B shares
CITIC Bank – Jianxin Hengjiu Value Stock
Type Securities Investment Fund 1,805,652 A Shares
Industrial and Commercial Bank of China –
Guotou Ruiyin Growth Selected Stock Based
Securities Investment Fund
1,730,311 A Shares
Agriculture Bank of China -Bank of
Communications Schroder Selected Stock
Securities Investment Fund
1,417,268 A Shares
First Shanghai Securities Co., Ltd. 1,399,648 B shares
Bank of Communications – Kerui Securities
Investment Fund 1,100,000 A Shares
§3 Important Events
3.1 Big Changes in Principal Accounting Statement Items and Financial Indexes and the Causes
√ applicable □ inapplicable
(1) Growth of the accounts receivable by RMB43.91 million over year beginning, including the accounts receivable of
HARMONY growing by RMB 46.14 million over the year beginning is mainly due to growth of the sales scale. It belongs to
normal settlement;SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
3
(2) Growth of taxes payable by RMB 13.44 million is mainly due to the growth of taxes payable in HARMONY by RMB 5.35
million arising from sales growth; the growth of taxes payable in Hong Kong Branch by RMB 2.62 million and the growth of
taxes payable in the Manufacture Branch by RMB 2.81 million;
(3) Growth of the accounts payable over the year beginning by RMB 29.17 is mainly due to growth of the sales scale,
growth of the purchases of world famous watches. It belongs to normal settlement.
3.2 Progress of Significant Events, its Impacts and the Solutions
3.2.1 Qualified Audit Opinions
□ Applicable √ Inapplicable
(1) Engagement in such activities as supply of fund to the controlling shareholder or other
related parties or outward guarantee against the regulations
□ applicable √ inapplicable
3.2.3 Subscription and Implementation of Significant Contracts for Daily Operation
□ applicable √ inapplicable
3.2.4 Miscellaneous
□ applicable √ inapplicable
3.3 Implementation of the Commitments of the Company, the Shareholders and the Eventual
Controller
√ applicable □ inapplicable
Commitments Acceptors Description Implementation
Commitment for Equity Separation
Reform
Shenzhen
CATIC Group
(1) Shenzhen CATIC
Group committed that
upon completion of the
equity separation
reform of FIYTA, the
non-negotiable shares
held by Shenzhen
CATIC Group would
not be listed with
Shenzhen Stock
Exchange for trading
within 36 months after
the day when such
shares got approved
for listing. (2) Within 24
months after the 3-year
sales restriction term
expires, in case
Shenzhen CATIC
Group would sell the
non-negotiable FIYTA
shares it was holding
through listing with
Shenzhen Stock
Exchange, the sales
price must not be lower
than RMB 25.00 per
share.
The commitment is in process of
implementation. Commencing from the
date when the equity separation reform
was finished to the end of the report
period, Shenzhen CATIC Group has not
reduced or assigned any shares with
sales restriction held by Shenzhen CATIC
Group.
Commitments in the acquisition report
or report on change of equity - - -SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
4
Commitment at the time of important
assets reorganization - - -
Commitment at the time of issuing - - -
Other commitment (including
additional commitment) - - -
3.4 Prediction of the possibility of the accumulated net profit from the year beginning to the end
of the next report period being of loss; or warning for big changes in the net profit in comparison
with the same period of the previous year and the reasons
□ applicable √ inapplicable
3.5 Other Important Matters Necessary to be Clarified
3.5.1 Securities Investment
□ applicable √ inapplicable
3.5.2 Statement of such activities as reception, research, communication, interview in the report
period
Reception Time Reception place Way of reception Visitor received Topics and information furnished
July 9, 2010 Company On-Site Survey Dongxing
Securities Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
July 13, 2010 Company On-Site Survey
Tiansun Investment
Management &
Consulting
(Shanghai) Co.,
Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
July 20, 2010 Company On-Site Survey
China Merchants
Fund Management
Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
July 29, 2010 Company On-Site Survey
Aegon-Industrial
Fund Management
Co.,Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 3, 2010 Company On-Site Survey
Fortune SGAM
Fund Management
Co., Ltd.,
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the pastSHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
5
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 6, 2010 Company On-Site Survey
Huaxia Fund
Management Co.,
Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 18, 2010 Company On-Site Survey
Shanghai Realize
Investment
Consulting Co.,
Ltd.,
Aegon-Industrial
Fund Management
Co., Ltd., China
International Fund
Management Co.,
Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 19, 2010 Company On-Site Survey
Wanjia Asset
Management Co.,
Ltd., TX Investment
Consulting Co.,
Ltd., Bank of China
Investment
Management
Co.,Ltd., Tianhong
Asset Management
Co.,Ltd., Genertec
Investment
Managers Ltd.,
Orient Securities
Co., Ltd., Galaxy
Asset Management
Co., Ltd., UBS
SDIC Fund
Management Co.,
Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 20, 2010 Company On-Site Survey
Everbright
Pramerica Fund
Management Co.,
Ltd., How Buy
Investment
Management,
HuaAn Funds
Management Co.,
Ltd., China
Southern Fund
Management Co.,
Ltd., Guosen
Securities Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
August 24, 2010 Company On-Site Survey
Western Securities
Co., Ltd., TX
Investment
Consulting Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
September 8,
2010 Company On-Site Survey
SYWG BNP
Paribas Asset
Management Co.,
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategicSHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
6
Ltd, Shenyin &
Wanguo Securities
Research Institute
Co., Ltd., Industrial
Securities Co., Ltd.,
Guotai Junan
Securities Co., Ltd.,
Chongyang
Investment
Management Co.,
Ltd.
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
September 16,
2010 Company On-Site Survey CITIC Securities
Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
September 29,
2010 Company On-Site Survey
First State Cinda
Fund Management
Co. Ltd.,
SINOCHEM
GROUP Financial
Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
development, brand construction,
terminal management in the past
three years. Provision of the
Company’s 2009 Annual Report
and published brochures
3.6 Investment in Derivatives
□ applicable √ inapplicable
3.6.1 Holding of the Investments in Derivatives at the End of the Report Period
□ applicable √ inapplicable
§4 Appendix
4.1. Balance Sheet
Prepared by: SHENZHEN FIYTA HOLDINGS LTD. September 30, 2010 In RMB
Ending balance Opening balance
Items
Consolidated Parent company Consolidated Parent company
Current assets:
Monetary funds 94,009,319.33 46,807,097.19 95,701,580.19 46,560,890.55
Settlement Reserve
Lendings
Transaction based financial
assets
Notes receivable
Accounts receivable 165,896,815.90 38,044,928.54 121,982,162.66 35,388,589.40
Advances to suppliers 12,118,402.93 9,635,501.76
Insurance premium payable
Accounts receivable
reinsuranceSHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
7
Reserve for accounts
receivable reinsurance
Interest receivable
Dividend receivable 49,881,874.21 52,881,874.21
Other receivables 27,234,310.90 409,468,690.69 17,788,978.11 311,998,322.20
Reverse repurchase
agreements
Inventories 929,179,217.35 102,918,716.10 761,181,955.71 73,836,464.73
Non-current assets due
within a Year
Other current assets 2,634,846.05 3,214,514.17
Total current assets 1,231,072,912.46 647,121,306.73 1,009,504,692.60 520,666,141.09
Non-Current Assets:
Loan provision and
advances
Available-for-sale financial
assets
Held –to-maturity investment
Long term accounts
receivable
Long-term equity investment 2,052,343.85 354,560,343.85 1,921,317.92 354,429,317.92
Investment based real estate 166,930,891.84 166,930,891.84 171,577,646.00 171,577,646.00
Fixed assets: 249,812,457.26 231,419,251.55 259,762,029.76 246,256,473.81
Construction-in-process 510,000.00 510,000.00
Engineering supplies
Disposal of fixed assets
Production based biologic
assets
Oil and gas asset
Intangible assets 12,894,845.21 12,004,070.54 13,476,895.15 12,614,912.03
Development expenses
Goodwill 6,240,811.25
Long-term expenses to be
apportioned 61,508,356.58 19,348,982.18 54,969,153.37 14,079,756.40
Deferred income tax 19,573,002.22 3,553,212.41 12,725,248.99 3,553,212.40
Other non-current assets
Total non-current assets 519,522,708.21 788,326,752.37 514,432,291.19 802,511,318.56
Total assets 1,750,595,620.67 1,435,448,059.10 1,523,936,983.79 1,323,177,459.65
Current liabilities:
Short-term Loan 690,540,850.00 582,000,000.00 555,000,000.00 495,000,000.00
Amount due to the Central
Bank
Deposit taking and due from
banks
Borrowing from banks
Transactional financial
liabilities
Notes payable
Accounts payable 111,785,130.72 63,200,617.73 82,618,423.24 27,685,998.17
Advance receipts 6,104,089.36 2,705,237.37 2,012,363.70 1,302,325.64SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
8
Repurchased agreement
Service charge and
commission receivable
Staff’s wages payable 9,295,528.71 0.00 15,503,449.35 6,462,650.00
Taxes payable 21,270,673.02 11,938,988.41 7,825,840.81 10,287,916.08
Interest payable 860,498.61 860,498.61 860,498.61 860,498.61
Dividends payable 584,110.90 0.00 584,110.90
Other payables 29,892,822.39 21,038,134.70 23,025,452.89 22,697,269.81
Accounts receivable
reinsurance
Insurance contract reserve
Acting trading securities
Acting underwriting
securities
Non-current Liabilities due
within a Year
Other current liabilities 1,280,329.28
Total current liabilities 870,333,703.71 681,743,476.82 688,710,468.78 564,296,658.31
Non-Current Liabilities:
Long-term borrowings 90,000,000.00 90,000,000.00 90,000,000.00 90,000,000.00
Bonds payable
Long term accounts payable 3,500,000.00 3,500,000.00
Special accounts payable
Predicted liabilities
Deferred income tax liability 148,162.52 106,989.94 106,989.94 106,989.94
Other non-current liabilities 6,300,000.00 5,800,000.00 6,400,000.00 5,900,000.00
Total non-current liabilities 99,948,162.52 95,906,989.94 100,006,989.94 96,006,989.94
Total liabilities 970,281,866.23 777,650,466.76 788,717,458.72 660,303,648.25
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
stock) 249,317,999.00 249,317,999.00 249,317,999.00 249,317,999.00
Capital reserve 191,847,232.65 191,847,232.65 191,847,232.65 191,847,232.65
Less: shares in stock
Specialized reserve
Surplus reserve 115,946,088.88 115,946,088.88 115,946,088.88 115,946,088.88
General provision for risk
Retained earnings 202,167,291.80 100,686,271.81 158,577,089.84 105,762,490.87
Cumulative translation
adjustments -919,994.01 -879,943.60
Total owner’s equity
attributable to the parent
company
758,358,618.32 657,797,592.34 714,808,466.77 662,873,811.40
Minority shareholders’ equity 21,955,136.12 20,411,058.30
Total owners’ equity 780,313,754.44 657,797,592.34 735,219,525.07 662,873,811.40
Total liabilities and owners’
equity 1,750,595,620.67 1,435,448,059.10 1,523,936,983.79 1,323,177,459.65SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
9
4.2 Statement of Profit in the Report Period
Prepared by: SHENZHEN FIYTA HOLDINGS LTD. July to September 2010 In RMB
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Total operating income 453,527,789.59 83,751,545.27 313,123,034.10 62,361,775.25
Including: operating income 453,527,789.59 83,751,545.27 313,123,034.10 62,361,775.25
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 423,991,436.80 82,085,500.89 287,195,944.14 56,863,091.73
Including: operating costs 314,084,267.50 36,755,799.17 209,684,521.78 25,936,740.82
Interest payment
Service charge and
commission payment
Surrender value
Compensation pay-out,
net
Provision of reserve for
insurance contract, net
Payment of Policy
Dividends
Reinsurance expenses
Business Taxes and
Surcharge 1,689,146.75 1,085,360.75 1,852,627.90 1,083,979.48
Sales expenses 64,617,884.79 26,540,933.90 41,956,314.04 17,232,616.62
Administrative expenses 31,687,145.24 13,188,037.96 24,804,207.11 9,524,549.37
Financial expenses 11,912,992.52 4,515,369.11 8,898,273.31 3,085,205.44
Loss from impairment of
assets
Add: Income from change of
fair value (loss expressed with
“-“)
Investment income (loss
expressed with “-“) 131,025.93 131,025.93 7,617.02 7,617.02
Including: income
from investment in associates
and joint ventures
131,025.93 131,025.93 7,617.02 7,617.02
Exchange income (loss
expressed with “-“)
III. Operating Profit (loss
expressed with “-“) 29,667,378.72 1,797,070.31 25,934,706.98 5,506,300.54
Plus: Non-operating income 2,006,506.95 1,311,367.99 1,147,988.85 846,565.62
Less: Non-operating
expenses 61,087.39 -15,970.48 2,271,270.50 2,105,240.00
Including: Loss from
disposal of non-current assets 3,709.60 0.00 0.00
IV. Total profit (total loss
expressed with “-“) 31,612,798.28 3,124,408.78 24,811,425.33 4,247,626.16
Less: Income tax expense 5,374,194.56 734,340.10 4,181,173.02 4,396.90
V. Net Profit (net loss 26,238,603.72 2,390,068.68 20,630,252.31 4,243,229.26SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
10
expressed with “-“)
Net profit attributable to
the parent company’s owner 26,122,530.20 2,390,068.68 20,651,393.66 4,243,229.26
Minority shareholders’
equity 116,073.52 0.00 -21,141.35 0.00
VI. Earnings per share:
(I) Basic earnings per
share 0.105 0.083
(II) Diluted earnings per
share 0.105 0.083
VII. Other comprehensive
income -19,241.39 661,687.21 510,400.00
VIII. Total comprehensive
income 26,219,362.33 2,390,068.68 21,291,939.52 4,753,629.26
Total comprehensive
income attributable to the
owner of the parent company
26,097,432.80 2,390,068.68 21,313,080.87 4,753,629.26
Total comprehensive
income attributable to minority
shareholders
121,929.53 -21,141.35
4.3 Statement of Profit from Year Beginning to the End of the Report Period
Prepared by: SHENZHEN FIYTA HOLDINGS LTD. January to September 2010 In RMB
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Total operating income 1,264,339,700.40 235,063,961.29 885,816,723.98 190,850,853.60
Including: operating income 1,264,339,700.40 235,063,961.29 885,816,723.98 190,850,853.60
Interest income
Earned premium
Service charge and
commission income
II. Total operating costs 1,190,052,152.40 236,753,813.99 827,681,397.96 185,625,944.42
Including: operating costs 879,391,324.14 106,047,954.17 592,630,189.22 83,371,936.76
Interest payment
Service charge and
commission payment
Surrender value
Compensation pay-out,
net
Provision of reserve for
insurance contract, net
Payment of Policy
Dividends
Reinsurance expenses
Business Taxes and
Surcharge 4,768,927.34 3,220,356.88 4,743,875.77 3,226,671.50
Sales expenses 178,173,165.18 77,631,788.12 127,384,669.43 55,105,975.29
Administrative expenses 93,933,505.01 37,841,876.34 73,237,403.62 31,470,465.32
Financial expenses 33,372,981.58 12,011,838.48 29,675,659.92 12,441,295.55
Loss from impairment of
assets 412,249.15 9,600.00 9,600.00SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
11
Add: Income from change of
fair value (loss expressed with
“-“)
Investment income (loss
expressed with “-“) 131,025.93 13,889,979.73 187,239.61 187,239.61
Including: income
from investment in associates
and joint ventures
131,025.93 131,025.93 187,239.61 187,239.61
Exchange income (loss
expressed with “-“)
III. Operating Profit (loss
expressed with “-“) 74,418,573.93 12,200,127.03 58,322,565.63 5,412,148.79
Plus: Non-operating income 9,842,062.43 9,055,237.97 3,309,874.86 2,896,996.48
Less: Non-operating
expenses 690,461.35 553,438.36 2,300,508.07 2,128,049.31
Including: Loss from
disposal of non-current assets 21,237.59 20,570.60
IV. Total profit (total loss
expressed with “-“) 83,570,175.01 20,701,926.64 59,331,932.42 6,181,095.96
Less: Income tax expense 14,905,047.83 1,580,672.58 11,095,242.20 355,191.34
V. Net Profit (net loss
expressed with “-“) 68,665,127.18 19,121,254.06 48,236,690.22 5,825,904.62
Net profit attributable to
the parent company’s owner 68,522,001.86 19,121,254.06 47,818,455.08 5,825,904.62
Minority shareholders’
equity 143,125.32 418,235.14
VI. Earnings per share:
(I) Basic earnings per
share 0.275 0.192
(II) Diluted earnings per
share 0.275 0.192
VII. Other comprehensive
income -38,137.91 0.00 2,990,888.54 2,842,400.00
VIII. Total comprehensive
income 68,626,989.27 19,121,254.06 51,227,578.76 8,668,304.62
Total comprehensive
income attributable to the
owner of the parent company
68,481,951.45 19,121,254.06 50,809,343.62 8,668,304.62
Total comprehensive
income attributable to minority
shareholders
145,037.82 0.00 418,235.14
4.4 Cash Flow Statement from Year Beginning to the End of the Report Period
Prepared by: SHENZHEN FIYTA HOLDINGS LTD. January to September 2010 In RMB
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flows arising from
operating activities
Cash received from sales
of goods and supply of labor 1,401,308,543.97 258,468,848.65 997,120,457.55 199,740,823.55
Net increase of customers’
deposit and due from banks
Net increase of borrowingsSHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
12
from the central bank
Net increase of borrowings
from other financial institutions
Cash received from former
insurance contract premium
Net cash received from
reinsurance business
Net increase of insurance
reserve and investment
Net increase from disposal
of transactional financial asset
Cash received from
interest, service charge and
commission
Net increase of borrowings
Net increase of fund from
repurchases
Rebated taxes received 623,119.27 623,119.27
Other operation activity
related cash receipts 8,915,624.72 18,314,144.25 6,166,502.94 57,793,203.76
Subtotal of cash flow in
from operating activity 1,410,847,287.96 277,406,112.17 1,003,286,960.49 257,534,027.31
Cash paid for purchase of
goods and reception of labor
services
1,130,704,968.19 102,942,930.99 663,059,526.95 53,020,791.51
Net increase of loans and
advances to customers
Net increase of due from
central bank and due from
banks
Cash for the former
insurance contract indemnity
payment
Cash paid for interest,
service charge and
commission
Cash paid for insurance
policy dividend
Cash paid to and for staff 128,977,388.33 52,865,431.19 100,581,984.91 42,822,170.54
Taxes paid 68,102,842.86 16,277,252.02 56,061,859.54 18,296,306.89
Other business related
cash payments 141,246,457.27 159,164,557.82 102,424,576.71 48,613,901.62
Subtotal of cash flow out
from operating activity 1,469,031,656.65 331,250,172.02 922,127,948.11 162,753,170.56
Net cash flow from
operating activities -58,184,368.69 -53,844,059.85 81,159,012.38 94,780,856.75
II. Cash flows arising from
investment activities:
Cash received from
recovery of investment
Cash received from
investment income 5,358,953.80
Net amount of cash
received from disposal of fixed
assets, intangible assets and
15,082,340.00 15,078,240.00 182,656.00 180,956.00SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
13
other long term assets
Net cash received from
disposal of subsidiaries and
other operating units
Other investment related
cash receipts 430.99
Subtotal of cash flow in
from investment activity 15,082,770.99 20,437,193.80 182,656.00 180,956.00
Cash paid for
construction/purchase of fixed
assets, intangible assets and
other long term assets
34,499,514.29 4,582,177.60 35,064,313.73 8,346,348.47
Cash paid for investment 7,942,195.00 10,000,000.00
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and
other operating units
Other investment related
cash payments
Subtotal of cash flow out
from investment activity 42,441,709.29 4,582,177.60 35,064,313.73 18,346,348.47
Net cash flow arising
from investment activities -27,358,938.30 15,855,016.20 -34,881,657.73 -18,165,392.47
III. Cash flows arising from
fund raising activities:
Cash received from
absorption of investment 1,340,184.00
Incl.: Cash received from
subsidiaries’ absorption of
minority shareholders’
investment
Cash received from
borrowings 520,540,850.00 442,000,000.00 445,000,000.00 425,000,000.00
Cash received from bond
issuing
Other fund-raising related
cash receipts
Subtotal of cash flow in
from fund raising activity 520,540,850.00 442,000,000.00 446,340,184.00 425,000,000.00
Cash paid for liabilities
repayment 385,000,000.00 355,000,000.00 465,000,000.00 465,000,000.00
Cash paid for
dividend/profit distribution or
repayment of interest
50,609,192.10 47,764,749.71 50,034,904.83 49,572,404.83
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising related
cash payments 1,028,437.80 1,000,000.00
Subtotal of cash flow out
from fund raising activity 436,637,629.90 403,764,749.71 515,034,904.83 514,572,404.83
Net cash flow arising
from fund-raising activities 83,903,220.10 38,235,250.29 -68,694,720.83 -89,572,404.83
IV. Influence from change of
exchange rate upon cash and
-52,173.97SHENZHEN FIYTA HOLDINGS LTD. 2010 3rd Quarterly Report – Full Text
14
cash equivalents
V. Net increase of cash and
cash equivalents -1,692,260.86 246,206.64 -22,417,366.18 -12,956,940.55
Plus: Balance of cash and
cash equivalents at the
beginning of the period
95,701,580.19 46,560,890.55 108,233,795.73 54,938,436.99
VI. Balance of cash and cash
equivalents at the end of the
period
94,009,319.33 46,807,097.19 85,816,429.55 41,981,496.44
4.5 Audit Report
Audit opinion: Unaudited
