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飞亚达B:2017年第一季度报告全文(英文版)2017-04-19  

						FIYTA HOLDINGS LTD.                            2017 1st Quarterly Report, Full Text




                      FIYTA HOLDINGS LTD.

                      2017 First Quarterly Report




                              April 2017




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FIYTA HOLDINGS LTD.                                                     2017 1st Quarterly Report, Full Text




                             Section 1          Important Notes

The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby
individually and collectively accept responsibility for the correctness, accuracy and completeness of the
contents of this Quarterly Report and confirm that there are neither material omissions nor errors which
would render any statement misleading.


All the directors attended the board meeting for reviewing the Quarterly Report.


Mr. Xu Dongsheng, the Company leader, Mr. Chen Zhuo, the chief financial officer, and Mr. Tian Hui, the
manager of the accounting department (treasurer) hereby confirm the authenticity, accuracy and
completeness of the financial report enclosed in this Quarterly Report.




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FIYTA HOLDINGS LTD.                                                                          2017 1st Quarterly Report, Full Text



                                     Section 2 Company Information

I. Key Accounting Data and Financial Indicators

May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change
of the accounting policy and correction of accounting errors
No

                                                                                                         Increase/decrease of
                                                 Reporting period           Same Period of the          the report period vs the
                                                                               Previous Year              same period of the
                                                                                                            previous year

    Operating revenue, in CNY                         817,002,183.65              732,961,459.52                        11.47%

    Net profit attributable to the
                                                       45,319,028.27                27,251,347.69                       66.30%
    Company’s shareholders, in CNY

    Net profit attributable to the
    Company’s shareholders less the                   45,377,622.54                27,249,320.31                       66.53%
    non-recurring items, in CNY

    Net cash flows arising from operating
                                                      122,917,899.12                97,495,185.15                       26.08%
    activities, in CNY

    Basic earning per share (CNY/share)                           0.1033                      0.0621                    66.34%

    Diluted earning per share
                                                                  0.1033                      0.0621                    66.34%
    (CNY/share)

    Net assets-income ratio, weighted
                                                                  1.89%                       1.18%                      0.71%
    average

                                                                                                         Increase/decrease of
                                                End of the reporting        End of the previous          the end of the report
                                                       period                         year             period vs the end of the
                                                                                                            previous year

    Total assets, in CNY                            3,891,426,215.47            4,004,897,562.72                        -2.83%

    Net assets attributable to the
                                                    2,421,119,766.09            2,371,370,535.17                         2.10%
    Company’s shares, in CNY
Non-recurring gain/loss items and the amount involved
                                                                                                                            In CNY

                                                                     From year beginning to
                                Items                                the end of the reporting                 Notes
                                                                             period

    Gain and loss from disposal of non-current assets,
    including the part offset with the provision for impairment                     -4,148.67
    of assets


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FIYTA HOLDINGS LTD.                                                                     2017 1st Quarterly Report, Full Text


    Government subsidy recognized in current gain and loss
    (excluding those closely related to the Company’s
                                                                              201,900.00
    business and granted under the state’s policies according
    to certain quota of amount or volume)

    Income and expenses from the business other than the
                                                                              -280,730.68
    above items

    Less: Amount affected by the income tax                                    -24,385.08

    Total                                                                      -58,594.27                   --

For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring
gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
their Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it
is necessary to explain the reason.
Inapplicable


II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the
Reporting Period

1. Statement of Total Shareholders of Common Shares and the Referred Shares with the Voting
Power Recovered and the Shares Held by Top Ten Shareholders
                                                                                                                   In shares

                                                                   Total shareholders of
    Total shareholders of common
                                                                   preferred shares with
    shares at the end of the                              36,884                                                         0
                                                                   voting power recovered (if
    reporting period
                                                                   any)

                                            Shares held by the Top Ten Shareholders

                                                                          Number of               Pledged or frozen
    Shareholders’       Nature of     Proportion of      Number of
                                                                           restricted       Status of the
        Names          Shareholders     shares held      shares held                                             Q’ty
                                                                          shares held           shares

    CATIC
                       State-owned
    Shenzhen                                  37.15%      162,977,327                   0
                       corporate
    Holdings Limited




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FIYTA HOLDINGS LTD.                                           2017 1st Quarterly Report, Full Text


    MANULIFE

    TEDA Fund-

    Minsheng Bank

    -MANULIFE
                        Domestic
    TEDA Value
                        non-state-owned   1.39%   6,099,959   0
    Growth Oriented
                        corporate
    Additional Issue

    No. 351 Assets

    Management

    Program

    Xizang Investme     State-owned
                                          1.13%   4,976,551   0
    nt Co., Ltd.        corporate

    Chongqing Inter
                        Domestic
    national Trust
                        non-state-owned   1.07%   4,698,740   0
    Co., Ltd. -CIT
                        corporate
    No. 2 Trust

    Golden Eagle

    Fund- Minsheng

    Bank-Golden

    Eagle Wenshi        Domestic

    Junye Flexible      non-state-owned   1.07%   4,674,329   0
    Disposition No. 3   corporate

    Assets

    Management

    Program

    MANULIFE

    TEDA

    Fund-ICBC-

    MANULIFE
                        Domestic
    TEDA GUOMAO
                        non-state-owned   0.96%   4,200,000   0
    DONGFANG
                        corporate
    DINGZENGBAO

    No.1 Assets

    Management

    Program

                        Domestic
    Xu Guoliang                           0.58%   2,544,395   0
                        natural person

                        Domestic
    Dai Wen                               0.46%   2,009,321   0
                        natural person




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FIYTA HOLDINGS LTD.                                                                                      2017 1st Quarterly Report, Full Text


    Essence

    International           Overseas
                                                       0.46%           2,000,000                         0
    Securities (Hong        corporate

    Kong) Limited

    Zhonghai Trust

    Co., Ltd. -

    Zhonghai Jufa-          Domestic

    New Share               non-state-owned            0.45%           1,996,160                         0
    Appointed               corporate

    Subscription No.

    3 Fund Trust

                                              Shareholding of top 10 shareholders of unrestricted shares

                                                Quantity of unrestricted shares held at the end of the                  Share type

              Shareholder’s Name                                  reporting period
                                                                                                               Share type            Quantity


    CATIC Shenzhen Holdings Limited                                                      162,977,327         A-shares           162,977,327

    MANULIFE TEDA Fund- Minsheng

    Bank-MANULIFE TEDA Value
                                                                                            6,099,959        A-shares                6,099,959
    Growth Oriented Additional Issue No.

    351 Assets Management Program

    Xizang Investment Co., Ltd.                                                             4,976,551        A-shares                4,976,551

    Chongqing International Trust Co.,
                                                                                            4,698,740        A-shares                4,698,740
    Ltd. -CIT No. 2 Trust

    Golden Eagle Fund- Minsheng

    Bank-Golden Eagle Wenshi Junye
                                                                                            4,674,329        A-shares                4,674,329
    Flexible Disposition No. 3 Assets

    Management Program

    MANULIFE TEDA Fund-ICBC-

    MANULIFE TEDA GUOMAO
                                                                                            4,200,000        A-shares                4,200,000
    DONGFANG DINGZENGBAO No.1

    Assets Management Program

    Xu Guoliang                                                                             2,544,395        A-shares                2,544,395

    Dai Wen                                                                                 2,009,321        A-shares                2,009,321

    Essence International Securities
                                                                                            2,000,000        B-shares                2,000,000
    (Hong Kong) Limited

    Zhonghai Trust Co., Ltd. - Zhonghai

    Jufa- New Share Appointed                                                               1,996,160        A-shares                1,996,160
    Subscription No. 3 Fund Trust

    Explanation to the associated             Of the top 10 shareholders, both MANULIFE TEDA Fund- Minsheng Bank-MANULIFE TEDA

    relationship or consistent action         Value Growth Oriented Additional Issue No. 351 Assets Management Program and MANULIFE



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FIYTA HOLDINGS LTD.                                                                              2017 1st Quarterly Report, Full Text


    among the aforesaid shareholders.   TEDA Fund-ICBC- MANULIFE TEDA GUOMAO DONGFANG DINGZENGBAO No.1 Assets

                                        Management Program are subsidiaries of MANULIFE TEDA Fund Management Co, Ltd.; the total

                                        10,299,959 shares in the Company held by them are all restricted shares issued non-publically.

                                        These restricted shares were all relieved for trading commencing from January 16, 2017.

    Note to the top 10 shareholders

    involved in margin financing &      Inapplicable
    securities lending (if any)




Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual
repurchase during the reporting period?
No


2. Total shareholders of the Company's preferred shares and statement of shareholding of the
top 10 shareholders of the preferred shares

Inapplicable




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FIYTA HOLDINGS LTD.                                                                   2017 1st Quarterly Report, Full Text




                                   Section 3           Significant Events

I. Movements and the causes of major financial data and financial indicators in the
reporting period

Items in Balance Sheet

                                                                   Change rate
              Items               Ending balance Opening balance                              Cause of Change
                                                                      (%)

                                                                                 It    was   mainly      due         increase     of
        Notes receivable          11,401,129.29    7,662,556.28      48.79%      acceptance      bills    received        in    the
                                                                                 reporting period

                                                                                 It was mainly due to increase of the
    Other non-current assets
                                  14,210,754.64   10,681,518.91      33.04%      advance      payment          for     equipment
                                                                                 purchase
                                                                                 It was mainly due to that the bonus
         Accrued payroll          23,827,983.80   45,254,585.69     -47.35%      payable to employees for year 2016
                                                                                 were paid in the reporting period

                                                                                 It was mainly due to that partial long
    Non-current liabilities due                                                  term loan due within a year at the year
                                   8,000,000.00   26,117,387.52     -69.37%
          within a year                                                          beginning was repaid in the reporting
                                                                                 period

                                                                                 It was mainly due to increase of the
     Other current liabilities    12,966,626.25    2,379,148.19     445.01%      accrued expenses at the end of the
                                                                                 reporting period

Items in Profit Statement

                                                  Same Period of
                                    Reporting                      Change rate
                 Items                             the Previous                              Reason of Change
                                      Period                          (%)
                                                      Year

                                                                                 It was mainly due to decrease of the
       Financial expenses         14,236,954.13   18,789,950.59     -24.23%      interest-bearing liabilities and drop of
                                                                                 interest rate

                                                                                 It was mainly due to growth of the
           Total profit           60,159,931.47   33,878,181.52      77.58%      revenue from principal business and
                                                                                 improvement of earning power

                                                                                 It   was    mainly      due     to    that     with
      Income tax expenses         14,949,437.81    6,776,540.61     120.61%      improvement of the earning power, the
                                                                                 income tax increased correspondingly

Items of Cash Flow Statement


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FIYTA HOLDINGS LTD.                                                                       2017 1st Quarterly Report, Full Text


                                     From year
                                                      Same Period of
                                   beginning to the                    Change rate
                 Items                                 the Previous                              Reason of Change
                                     end of the                           (%)
                                                          Year
                                   reporting period

                                                                                     It was mainly due to that the principal
Cash paid for purchase and                                                           works of the Watch Industry Base in
construction of fixed assets,                                                        Guangming New Zone was completed
                                   27,525,982.75      49,904,732.71     -44.84%
    intangible assets and other                                                      in    construction     and    the      relevant
         long term assets                                                            investment     in    the   reporting    period
                                                                                     reduced.

                                                                                     It   was    mainly     due    to    that   the
                                                                                     interest-bearing liabilities due in the
    Cash received from loans       150,000,000.00 315,000,000.00        -52.38%
                                                                                     reporting period decreased over the
                                                                                     same period of the previous year

                                                                                     It   was    mainly     due    to    that   the
                                                                                     interest-bearing liabilities due in the
Cash paid for debt repayment 287,848,859.66 443,053,583.30              -35.03%
                                                                                     reporting period decreased over the
                                                                                     same period of the previous year

                                                                                     It was mainly due to that with decrease
Cash paid for dividend/profit
                                                                                     of the interest-bearing liabilities and
    distribution or repayment of   11,238,305.01      33,673,252.94     -66.63%
                                                                                     drop of the interest rate, the interest
              interest
                                                                                     payment decreased correspondingly.


II. Progress of Significant Events, its Impacts and the Solutions
Inapplicable


III. Failure in Due Fulfillment of Commitments of the Actual Controllers, Shareholders,
Affiliates, and Acquirers of Listed Companies as Well as the Listed Companies
during the Reporting Period

Inapplicable


IV. Prediction of the Operation Results of January to June 2017

Inapplicable


V. Investment in Securities

Inapplicable


VI. Investment in Derivatives

Inapplicable

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FIYTA HOLDINGS LTD.                                                        2017 1st Quarterly Report, Full Text


VII. Registry of such Activities as Reception of the Visitors of Survey,
Communications, Interview, etc. during the Reporting Period

                                                                           Reference to the basic information in
      Reception time       Way of reception   Types of visitors received
                                                                                        the survey

15th February 2017     On-the-spot survey     Institution                  www.cninfo.com.cn

15th March 2017        On-the-spot survey     Institution                  www.cninfo.com.cn


VIII. Outward Guarantee against the Regulations

Inapplicable


IX. The Company’s Fund Occupied by its Controlling Shareholder or Related Party
for Non-operation Purpose

Inapplicable




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FIYTA HOLDINGS LTD.                                                  2017 1st Quarterly Report, Full Text




                              Section 4    Financial Statements

I. Financial Statements

1. Consolidated Balance Sheet

Prepared by Fiyta Holdings Ltd.
                                            March 31, 2017
                                                                                                  In CNY

                Items                     Ending balance                   Opening balance

 Current assets:

       Monetary funds                               374,803,763.34                     428,802,755.81

       Settlement Reserve

       Inter-bank lending

       Financial assets which were
 measured based on the fair value
 and its change was counted to the
 current gain and loss

       Derivative financial assets

       Notes receivable                              11,401,129.29                        7,662,556.28

      Accounts receivable                           338,296,600.73                     306,671,021.69

       Prepayments                                   29,281,140.20                      33,709,656.73

       Insurance premium
 receivable

       Reinsurance accounts
 receivable

      Accounts receivable
 reinsurance reserve

       Interest receivable

       Dividends receivable

       Other receivables                             37,484,355.88                      33,393,017.28

       Buying and selling back
 financial assets

       Inventories:                               1,922,890,215.30                   1,997,097,192.38

      Assets classified as that held
 for sale


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FIYTA HOLDINGS LTD.                                        2017 1st Quarterly Report, Full Text


        Non-current assets due
 within a year

        Other current assets              17,756,295.38                       20,344,532.09

 Total current assets                   2,731,913,500.12                   2,827,680,732.26

 Non-Current Assets:

        Loan provision and
 advances

        Available-for-sale financial
                                              85,000.00                            85,000.00
 assets

        Held –to-maturity investment

        Long-term accounts
 receivable

        Long-term equity investment       43,423,624.87                       43,423,624.87

        Investment based real estate     287,819,108.61                      244,202,635.09

        Fixed assets                     560,820,727.00                      611,204,169.03

        Construction-in-progress

        Engineering supplies

        Disposal of fixed assets

        Productive biological assets

        Oil and gas asset

        Intangible assets                 38,317,947.18                       38,751,903.42

        Development expenses

        Goodwill

        Long-term expenses to be
                                         122,063,419.94                      133,688,403.88
 apportioned

        Deferred income tax asset          92,772,133.11                      95,179,575.26

        Other non-current assets          14,210,754.64                       10,681,518.91

 Total non-current assets               1,159,512,715.35                   1,177,216,830.46

 Total assets                           3,891,426,215.47                   4,004,897,562.72

 Current liabilities:

        Short-term Loan                  977,152,240.00                    1,098,438,070.00

        Borrowings from central
 bank

        Receipt of deposits and
 deposits from other banks

        Loans from other banks


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FIYTA HOLDINGS LTD.                                          2017 1st Quarterly Report, Full Text


       Financial liabilities which
 were measured based on the fair
 value and its change was charged
 to the current gain and loss

       Derivative financial liabilities

       Notes payable

       Accounts payable                    188,058,080.26                      215,422,089.74

       Advance receipts                     12,204,036.00                       13,902,703.90

       Funds from selling out and
 repurchasing financial assets

       Service charge and
 commission payable

       Salaries payable to the
                                            23,827,983.80                       45,254,585.69
 employees

       Taxes payable                        56,618,676.58                       50,945,289.31

       Interest payable                      2,292,766.17                         2,475,969.65

       Dividends payable

       Other payables                       64,182,575.82                       53,733,080.99

       Reinsurance payable

       Insurance contract reserve

       Funds from securities
 trading agency

       Funds from underwriting
 securities agency

       Liabilities classified as that
 held for sale

       Non-current liabilities due
                                             8,000,000.00                        26,117,387.52
 within a year

       Other current liabilities            12,966,626.25                         2,379,148.19

 Total current liabilities                1,345,302,984.88                   1,508,668,324.99

 Non-Current Liabilities:

       Long term borrowings                115,591,082.07                      115,301,048.00

       Bonds payable

        Including: preferred shares


       Permanent liabilities

       Long term accounts payable


13
FIYTA HOLDINGS LTD.                                                    2017 1st Quarterly Report, Full Text


      Long term remuneration
 payable to employees

       Special accounts payable

       Predicted liabilities

       Deferred income                               5,980,000.00                           5,980,000.00

       Deferred income tax liability

       Other non-current liabilities

 Total non-current liabilities                     121,571,082.07                        121,281,048.00

 Total liabilities                               1,466,874,066.95                       1,629,949,372.99

 Owner’s equity

       Capital stock                               438,744,881.00                        438,744,881.00

       Other equity instruments

         Including: preferred shares

         Permanent liabilities

       Capital reserve                           1,062,455,644.22                       1,062,455,644.22

       Less: shares in stock

       Other comprehensive
                                                    -7,348,295.59                         -11,778,498.24
 income

       Special reserve

       Surplus reserve                             193,961,700.45                        193,961,700.45

       General risk reserve

       Retained earnings                           733,305,836.01                        687,986,807.74

 Total owner’s equity attributable to
                                                 2,421,119,766.09                       2,371,370,535.17
 the parent company

       Minority equity                               3,432,382.43                           3,577,654.56

 Total owners’ equity                           2,424,552,148.52                       2,374,948,189.73

 Total liabilities and owners’ equity           3,891,426,215.47                       4,004,897,562.72


Legal representative: Xu Dongsheng        Chief Financial Officer: Chen Zhuo        Person in charge of the
Accounting Department: Tian Hui


2. Balance Sheet, Parent Company

                                                                                                    In CNY

                     Items               Ending balance                        Opening balance

 Current assets:

       Monetary funds                              205,709,935.96                        270,947,926.47


14
FIYTA HOLDINGS LTD.                                       2017 1st Quarterly Report, Full Text


       Financial assets which were
 measured based on the fair value
 and its change was counted to the
 current gain and loss

       Derivative financial assets

       Notes receivable

      Accounts receivable                 2,109,181.29                          255,995.64

       Prepayments

       Interest receivable

       Dividends receivable

       Other receivables               1,122,304,699.59                   1,191,947,054.57

       Inventories:

      Assets classified as that held
 for sale

       Non-current assets due
 within a year

       Other current assets               6,812,125.42                         5,805,712.39

 Total current assets                  1,336,935,942.26                   1,468,956,689.07

 Non-Current Assets:

      Available-for-sale financial
                                             85,000.00                            85,000.00
 assets

       Held –to-maturity investment

       Long-term accounts
 receivable

       Long-term equity investment     1,256,593,344.87                   1,256,593,344.87

       Investment based real estate     251,707,401.81                      207,804,447.15

       Fixed assets                     367,013,243.56                      414,581,425.11

       Construction-in-progress

       Engineering supplies

       Disposal of fixed assets

       Productive biological assets

       Oil and gas asset

       Intangible assets                 32,006,875.54                       32,438,001.77

       Development expenses

       Goodwill

       Long-term expenses to be           5,438,363.12                         5,721,622.60


15
FIYTA HOLDINGS LTD.                                          2017 1st Quarterly Report, Full Text


 apportioned

       Deferred income tax asset             1,502,555.54                         1,502,555.54

       Other non-current assets             12,606,627.27                       10,681,518.91

 Total non-current assets                 1,926,953,411.71                   1,929,407,915.95

 Total assets                             3,263,889,353.97                   3,398,364,605.02

 Current liabilities:

       Short-term Loan                     788,000,000.00                      908,000,000.00

       Financial liabilities which
 were measured based on the fair
 value and its change was charged
 to the current gain and loss

       Derivative financial liabilities

       Notes payable

       Accounts payable                     70,829,448.90                       77,826,174.63

       Advance receipts                      1,868,010.99                         2,767,858.84

       Salaries payable to the
                                             1,594,297.52                         8,020,288.56
 employees

       Taxes payable                          2,476,943.11                        2,883,511.63

       Interest payable                      1,239,391.76                         1,312,644.11

       Dividends payable

       Other payables                       17,944,357.25                       18,959,721.51

       Liabilities classified as that
 held for sale

       Non-current liabilities due
                                             8,000,000.00                         8,000,000.00
 within a year

       Other current liabilities             2,000,000.00

 Total current liabilities                 893,952,449.53                    1,027,770,199.28

 Non-Current Liabilities:

       Long term borrowings                109,861,928.00                      109,861,928.00

       Bonds payable

        Including: preferred shares

        Permanent liabilities

       Long term accounts payable

      Long term remuneration
 payable to employees

       Special accounts payable



16
FIYTA HOLDINGS LTD.                                                            2017 1st Quarterly Report, Full Text


       Predicted liabilities

       Deferred income                                        5,980,000.00                            5,980,000.00

       Deferred income tax liability

       Other non-current liabilities

 Total non-current liabilities                             115,841,928.00                           115,841,928.00

 Total liabilities                                       1,009,794,377.53                       1,143,612,127.28

 Owner’s equity

       Capital stock                                       438,744,881.00                           438,744,881.00

       Other equity instruments

         Including: preferred shares

         Permanent liabilities

       Capital reserve                                    1,068,111,185.32                      1,068,111,185.32

       Less: shares in stock

       Other comprehensive
 income

       Special reserve

       Surplus reserve                                     193,961,700.45                           193,961,700.45

       Retained earnings                                   553,277,209.67                           553,934,710.97

 Total owners’ equity                                   2,254,094,976.44                       2,254,752,477.74

 Total liabilities and owners’ equity                   3,263,889,353.97                       3,398,364,605.02


Legal representative: Xu Dongsheng                Chief Financial Officer: Chen Zhuo       Person in charge of the
Accounting Department: Tian Hui


3. Consolidated Profit Statements

                                                                                                             In CNY

                                         Amount incurred in the reporting      Amount incurred in the previous
                     Items
                                                     period                                period

 I. Gross Revenue                                          817,002,183.65                           732,961,459.52

       Including: revenue                                  817,002,183.65                           732,961,459.52

                Interest income

                Earned premium

                Service charge and
 commission income

 II. Total operating cost                                  756,759,272.83                           699,085,465.34



17
FIYTA HOLDINGS LTD.                                          2017 1st Quarterly Report, Full Text


          Including: operating costs        488,900,711.23                     436,060,603.32

          Interest payment

          Service charge and
 commission payment

               Refunded premiums

               Compensation pay-out, net

                   Net amount of reserves
 for reinsurance contract

                   Policy dividend
 payment

                   Reinsurance expenses

                   Taxes and surcharges       7,733,658.73                        6,787,845.66

                   Sales expenses           196,629,430.17                     189,666,151.53

                   Administrative
                                             47,948,663.96                      47,858,157.93
 expenses

                   Financial expenses        14,236,954.13                      18,789,950.59

                   Loss from impairment
                                              1,309,854.61                          -77,243.69
 of assets

          Plus: Income from change of
 fair value (loss is stated with “-“)

                 Investment income (loss
 is stated with “-“)

                 Including: income from
 investment in associates and joint
 ventures

                 Exchange income (loss is
 stated with “-“)

 III. Operating Profit (loss is stated
                                             60,242,910.82                      33,875,994.18
 with “-“)

          Plus: Non-operating income           249,619.51                          354,721.40

                 Including: Gains from
                                                                                        654.08
 disposal of non-current assets

          Less: Non-operating
                                               332,598.86                          352,534.06
 expenses

                 Including: Loss from
                                                  4,148.67                           27,636.46
 disposal of non-current assets

 IV. Total Profit (total loss stated with
                                             60,159,931.47                      33,878,181.52
 “-“)

18
FIYTA HOLDINGS LTD.                                          2017 1st Quarterly Report, Full Text


       Less: Income tax expense              14,949,437.81                        6,776,540.61

 V. Net Profit    (loss stated with “-“)   45,210,493.66                      27,101,640.91

       Net profit attributable to the
                                             45,319,028.27                      27,251,347.69
 parent company’s owner

       Minority shareholders’ gain
                                               -108,534.61                         -149,706.78
 and loss

 VI. Net of other comprehensive
                                              4,356,727.61                        6,264,029.30
 income after tax

     Net of other comprehensive
 income after tax attributable to the         4,393,465.13                        6,264,029.30
 parent company’s owner

       (I) Other comprehensive
 income which cannot be
 re-classified into the gain and loss

                 1. Movement of the net
 liabilities and net assets
 re-measured for setting the
 beneficial plan

                 2. Share enjoyable in
 the other comprehensive income in
 which the investee cannot be
 re-classified into the gain and loss
 under the equity method

       (II) Other comprehensive
 income which cannot be
                                              4,393,465.13                        6,264,029.30
 re-classified into the gain and loss
 in future

                 1. Share enjoyable in
 the other comprehensive income in
 which the investee cannot be
 re-classified into the gain and loss
 under the equity method in future

                 2. Gain/loss from
 change in the fair value of the
 financial assets available for sale

                 3. Gain/loss from which
 the held-to-maturity investment is
 re-classified as available-for-sale
 financial assets

                 4. Valid part of the


19
FIYTA HOLDINGS LTD.                                                                2017 1st Quarterly Report, Full Text


 gain/loss from cash flow hedge

                5. Conversion margin
 of the financial statements in foreign                          4,430,202.65                           6,264,029.30
 currency

                6. Others

     Net amount of other
 comprehensive income after tax                                    -36,737.52
 attributable to minority shareholders

 VII. Total comprehensive income                                49,567,221.27                          33,365,670.21

        Total comprehensive income
 attributable to the parent company’s                          49,712,493.40                          33,515,376.99
 owner

        Total comprehensive income
                                                                  -145,272.13                             -149,706.78
 attributable to minority shareholders

 VIII. Earnings per share:

        (I) Basic earnings per share                                   0.1033                                  0.0621

        (II) Diluted earnings per share                                0.1033                                  0.0621

Legal representative: Xu Dongsheng                  Chief Financial Officer: Chen Zhuo          Person in charge of the
Accounting Department: Tian Hui


4. Profit Statement, Parent Company

                                                                                                                In CNY

                                          Amount incurred in the reporting
                   Items                                                        Amount incurred in the previous period
                                                      period

 I. Revenue                                                     26,393,302.54                          24,693,834.10

        Less: Business costs                                     4,729,351.55                           3,342,845.07

             Taxes and surcharges                                1,083,437.18                           1,444,143.60

             Sales expenses

             Administrative expenses                            18,349,759.49                          14,016,583.20

             Financial expenses                                  3,089,008.13                           4,002,675.61

             Loss from impairment of
                                                                                                          -503,603.10
 assets

        Plus: Income from change of
 fair value (loss is stated with “-“)

             Investment income (loss
                                                               135,344,660.36                         135,344,660.36
 is stated with “-“)

             Including: income from


20
FIYTA HOLDINGS LTD.                                    2017 1st Quarterly Report, Full Text


 investment in associates and joint
 ventures

 II. Operating Profit (loss is stated
                                         -858,253.81                     137,232,246.98
 with “-“)

         Plus: Non-operating income      106,000.00                             6,200.00

               Including: Gains from
 disposal of non-current assets

         Less: Non-operating
                                          20,000.00                          300,000.00
 expenses

               Including: Loss from
 disposal of non-current assets

 III. Total Profit (total loss stated
                                         -772,253.81                     136,938,446.98
 with “-“)

         Less: Income tax expense        -114,752.51                           54,747.75

 IV. Net profit ( net loss is stated
                                         -657,501.30                     136,883,699.23
 with “-“)

 V. Net of other comprehensive
 income after tax

         (I) Other comprehensive
 income which cannot be
 re-classified into the gain and loss

                 1. Movement of the
 net liabilities and net assets
 re-measured for setting the
 beneficial plan

                 2. Share enjoyable in
 the other comprehensive income
 in which the investee cannot be
 re-classified into the gain and loss
 under the equity method

         (II) Other comprehensive
 income which cannot be
 re-classified into the gain and loss
 in future

                 1. Share enjoyable in
 the other comprehensive income
 in which the investee cannot be
 re-classified into the gain and loss
 under the equity method in future

                 2. Gain/loss from


21
FIYTA HOLDINGS LTD.                                                                2017 1st Quarterly Report, Full Text


 change in the fair value of the
 financial assets available for sale

                3. Gain/loss from
 which the held-to-maturity
 investment is re-classified as
 available-for-sale financial assets

                4. Valid part of the
 gain/loss from cash flow hedge

                5. Conversion margin
 of the financial statements in
 foreign currency

                6. Others

 VI. Total comprehensive income                                  -657,501.30                          136,883,699.23

 VII. Earnings per share:

         (I) Basic earnings per share                                -0.0015                                  0.3120

         (II) Diluted earnings per
                                                                     -0.0015                                  0.3120
 share


Legal representative: Xu Dongsheng                Chief Financial Officer: Chen Zhuo           Person in charge of the
Accounting Department: Tian Hui


5. Consolidated Cash Flow Statement

                                                                                                                In CNY

                                        Amount incurred in the reporting
                  Items                                                        Amount incurred in the previous period
                                                    period

 I. Net cash flows arising from
 operating activities:

         Cash received from sales of
                                                             901,753,425.29                           809,792,456.04
 goods and supply of labor

         Net increase of customers’
 deposit and due from banks

         Net increase of borrowings
 from the central bank

         Net increase of borrowings
 from other financial institutions

         Cash received from former
 insurance contract premium

         Net cash received from



22
FIYTA HOLDINGS LTD.                                    2017 1st Quarterly Report, Full Text


 reinsurance business

       Net increase of insurance
 reserve and investment

       Net increase of financial
 assets which were measured
 based on the fair value and its
 change was counted to the
 current gain and loss

       Cash received from interest,
 service charge and commission

       Net increase of borrowings

       Net increase of fund from
 repurchases

       Rebated taxes received                                                   6,421.29

       Other operation activity
                                        6,148,695.18                        5,448,946.61
 related cash receipts

 Subtotal of cash flow in from
                                      907,902,120.47                     815,247,823.94
 operating activity

       Cash paid for purchase of
 goods and reception of labor         493,549,424.89                     414,539,635.03
 services

       Net increase of loans and
 advances to customers

       Net increase of due from
 central bank and due from banks

       Cash paid for indemnity of
 original insurance contract

       Cash paid for interest,
 service charge and commission

       Cash paid for insurance
 policy dividend

       Cash paid to and for staff     145,950,506.66                     148,093,012.70

      Taxes paid                       65,328,598.56                      76,692,233.41

       Other business activity
                                       80,155,691.24                      78,427,757.65
 related cash payments

 Subtotal of cash flow out from
                                      784,984,221.35                     717,752,638.79
 operating activity

 Net cash flow arising from
                                      122,917,899.12                      97,495,185.15
 operating activities

23
FIYTA HOLDINGS LTD.                                    2017 1st Quarterly Report, Full Text


 II. Cash flows arising from
 investment activities:

       Cash received from
 recovery of investment

       Cash received from
 investment income

       Net amount of cash
 received from disposal of fixed
                                            3,711.89                              220.00
 assets, intangible assets and
 other long term assets

       Net cash received from
 disposal of subsidiaries and other
 operating units

       Other investment related
 cash receipts

 Subtotal of cash flow in from
                                            3,711.89                              220.00
 investment activity

       Cash paid for
 construction/purchase of fixed
                                      27,525,982.75                       49,904,732.71
 assets, intangible assets and
 other long term assets

       Cash paid for investment

       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
                                      27,525,982.75                       49,904,732.71
 investment activity

 Net cash flow arising from
                                      -27,522,270.86                      -49,904,512.71
 investment activities

 III. Cash flows arising from fund
 raising activities:

       Cash received from
 absorption of investment

       Incl.: Cash received from
 subsidiaries’ absorption of



24
FIYTA HOLDINGS LTD.                                                            2017 1st Quarterly Report, Full Text


 minority shareholders’ investment

       Cash received from
                                                          150,000,000.00                          315,000,000.00
 borrowings

       Cash received from bond
 issuing

       Other fund-raising related
 cash receipts

 Subtotal of cash flow in from fund
                                                          150,000,000.00                          315,000,000.00
 raising activity

       Cash paid for liabilities
                                                          287,848,859.66                          443,053,583.30
 repayment

       Cash paid for dividend/profit
 distribution or repayment of                              11,238,305.01                           33,673,252.94
 interest

       Including: Dividend and
 profit paid by subsidiaries to
 minority shareholders

       Other fund-raising related
                                                                                                      992,669.19
 cash payments

 Subtotal of cash flow out from
                                                          299,087,164.67                          477,719,505.43
 fund raising activity

 Net cash flow arising from
                                                         -149,087,164.67                         -162,719,505.43
 fund-raising activities

 IV. Influence from change of
 exchange rate upon cash and                                 -307,456.06                             -173,188.97
 cash equivalents

 V. Net increase of cash and cash
                                                          -53,998,992.47                         -115,302,021.96
 equivalents

       Plus: Opening balance of
                                                          427,227,755.81                          637,387,875.93
 cash and cash equivalents

 VI. Ending balance of cash and
                                                          373,228,763.34                          522,085,853.97
 cash equivalents


Legal representative: Xu Dongsheng               Chief Financial Officer: Chen Zhuo        Person in charge of the
Accounting Department: Tian Hui


6. Cash Flow Statement, Parent Company

                                                                                                            In CNY

                    Items              Amount incurred in the reporting    Amount incurred in the previous period


25
FIYTA HOLDINGS LTD.                                             2017 1st Quarterly Report, Full Text


                                      period

 I. Net cash flows arising from
 operating activities:

       Cash received from sales of
                                                24,955,185.50                      23,691,590.71
 goods and supply of labor

       Rebated taxes received

       Other operation activity
                                                82,490,973.36                        1,037,138.23
 related cash receipts

 Subtotal of cash flow in from
                                               107,446,158.86                      24,728,728.94
 operating activity

       Cash paid for purchase of
 goods and reception of labor
 services

       Cash paid to and for staff               19,491,631.31                      22,276,696.93

       Taxes paid                                2,703,524.81                        2,132,790.01

       Other business activity
                                                 8,080,814.04                      98,776,583.80
 related cash payments

 Subtotal of cash flow out from
                                                30,275,970.16                     123,186,070.74
 operating activity

 Net cash flow arising from
                                                77,170,188.70                      -98,457,341.80
 operating activities

 II. Cash flows arising from
 investment activities:

       Cash received from
 recovery of investment

       Cash received from
                                                                                  112,000,000.00
 investment income

       Net amount of cash
 received from disposal of fixed
 assets, intangible assets and
 other long term assets

       Net cash received from
 disposal of subsidiaries and other
 operating units

       Other investment related
 cash receipts

 Subtotal of cash flow in from
                                                                                  112,000,000.00
 investment activity

       Cash paid for                            12,737,502.11                      29,283,647.41

26
FIYTA HOLDINGS LTD.                                      2017 1st Quarterly Report, Full Text


 construction/purchase of fixed
 assets, intangible assets and
 other long term assets

       Cash paid for investment                                             42,270,000.00

       Net cash received from
 payment by subsidiaries and
 other operating units

       Other investment related
 cash payments

 Subtotal of cash flow out from
                                        12,737,502.11                       71,553,647.41
 investment activity

 Net cash flow arising from
                                        -12,737,502.11                      40,446,352.59
 investment activities

 III. Cash flows arising from fund
 raising activities:

       Cash received from
 absorption of investment

       Cash received from
                                       150,000,000.00                      315,000,000.00
 borrowings

       Cash received from bond
 issuing

       Other fund-raising related
 cash receipts

 Subtotal of cash flow in from fund
                                       150,000,000.00                      315,000,000.00
 raising activity

       Cash paid for liabilities
                                       270,000,000.00                      400,000,000.00
 repayment

       Cash paid for dividend/profit
 distribution or repayment of            9,659,058.99                       29,713,522.43
 interest

       Other fund-raising related
                                                                               992,669.19
 cash payments

 Subtotal of cash flow out from
                                       279,659,058.99                      430,706,191.62
 fund raising activity

 Net cash flow arising from
                                       -129,659,058.99                     -115,706,191.62
 fund-raising activities

 IV. Influence from change of
 exchange rate upon cash and                -11,618.11
 cash equivalents


27
FIYTA HOLDINGS LTD.                                                         2017 1st Quarterly Report, Full Text


 V. Net increase of cash and cash
                                                       -65,237,990.51                        -173,717,180.83
 equivalents

      Plus: Opening balance of
                                                      269,372,926.47                          512,294,824.81
 cash and cash equivalents

 VI. Ending balance of cash and
                                                      204,134,935.96                          338,577,643.98
 cash equivalents


Legal representative: Xu Dongsheng             Chief Financial Officer: Chen Zhuo       Person in charge of the
Accounting Department: Tian Hui


II. Auditors’ Report

Has the First Quarterly Report been Audited
No




                                              The Board of Directors of FIYTA Holdings Ltd.


                                                              April 19, 2017




28