FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
FIYTA HOLDINGS LTD.
2018 Third Quarterly Report
October, 2018
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Section 1 Important Notice
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 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.
Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of the
accounting department (treasurer) hereby confirm the authenticity and completeness of the financial report
enclosed in this Quarterly Report.
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Section 2 Company Profile
I. Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years?
No
Increase/decrease at the end of
End of the reporting period End of the previous year the year over the end of the
previous year
Total assets (in CNY) 3,617,355,221.85 3,579,789,692.90 1.05%
Net profit attributable to the Company’s
2,551,130,509.85 2,467,967,361.20 3.37%
shareholders, in CNY
Increase/decrease from
the year beginning to the
Year-on-year From the year beginning
end of the reporting
Reporting period increase/decrease in the to the end of the
period over the same
reporting period reporting period
period of the previous
year
Revenue in CNY 868,796,654.10 -0.84% 2,564,688,086.82 3.60%
Net profit attributable to the Company’s
50,293,172.83 0.91% 162,661,094.27 19.12%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring 48,421,717.54 -2.09% 148,181,088.71 9.44%
items, in CNY
Net cash flows arising from operating
-- -- 290,588,474.72 -20.02%
activities, in CNY
Basic earning per share (CNY/share) 0.1146 0.88% 0.3707 19.12%
Diluted earning per share (CNY/share) 0.1146 0.88% 0.3707 19.12%
Return on equity, weighted average 2.09% 4.05% 6.55% 15.59%
Non-recurring gain/loss items and the amount involved
In CNY
Amount from the year beginning
Items Notes
to the end of the reporting period
Gain/loss from disposal of non-current assets, including the part offset
-66,731.60
from the provision for impairment of assets.
Government subsidy credited to the current gain and loss (except the
government subsidies closely related with the Company’s business and 8,857,885.99
enjoyable according to the unified standard quota or fixed amount
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
specified by the central government).
Reversal of the provision for impairment of accounts receivable which Recovery of the account receivable
7,533,121.86
underwent separate impairment testing written off in the previous year
Other various non-operating revenue and expenditure with the aforesaid
-296.65
items exclusive
Less: Amount affected by the income tax 1,843,974.04
Total 14,480,005.56 --
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. Statement of total shareholders and shares held by the top 10 shareholders by the end of the reporting period
1. Statement of total ordinary shareholders and the preferred shareholders with their voting power recovered and the
shares held by the top 10 shareholders
In shares
Total preferred shareholders with
Total common shareholders at the end of their voting power recovered at
32,369 0
the reporting period the end of the reporting period (if
any)
Shareholding by top 10 shareholders
Number of the Pledging or freezing
Names of the Nature of the Shareholding Shareholding
restricted shares Status of the
Shareholders shareholder proportion quantity Quantity
held shares
AVIC International
State corporate 37.15% 162,977,327 0
Holding Limited
Domestic natural
Wan Zhongbo 2.62% 11,485,227 0
person
National Social Domestic
Security Fund 114 non-state-owned 2.20% 9,657,744 0
Portfolio corporate
Domestic natural
#Yang Zugui 2.17% 9,500,969 0
person
Chongqing
Domestic
International Trust
non-state-owned 1.39% 6,120,391 0
Co., Ltd. -
corporate
RONGXINTONG
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Series Unitrust
No.10
Chongqing
Domestic
International Trust
non-state-owned 1.36% 5,982,200 0
Co., Ltd. - YUXIN
corporate
Trust No.2
Xizang Investment
State corporate 1.13% 4,976,551 0
Co., Ltd.
MANULIFE TEDA
Fund－ Minsheng
Bank－MANULIFE
TEDA Value Domestic
Growth Oriented non-state-owned 1.12% 4,893,559 0
Additional Issue corporate
No. 351 Assets
Management
Program
Industrial and
Commercial Bank
of China Co., Ltd. -
FUGUO TIANHUI Domestic
Selected Growth non-state-owned 0.95% 4,177,282 0
Growth Mixed corporate
Securities
Investment Fund
(LOF)
Shenzhen Heli
Domestic
Fengyuan
non-state-owned 0.75% 3,300,000 0
Commerce & Trade
corporate
Co., Ltd.
Shares held by top 10 shareholders of unrestricted shares
Share type
Names of the Shareholders Quantity of unrestricted shares held
Share type Quantity
CNY ordinary
AVIC International Holding Limited 162,977,327 162,977,327
shares
CNY ordinary
Wan Zhongbo 11,485,227 11,485,227
shares
National Social Security Fund 114 CNY ordinary
9,657,744 9,657,744
Portfolio shares
CNY ordinary
#Yang Zugui 9,500,969 9,500,969
shares
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Chongqing International Trust Co., Ltd. - CNY ordinary
6,120,391 6,120,391
RONGXINTONG Series Unitrust No.10 shares
Chongqing International Trust Co., Ltd. - CNY ordinary
5,982,200 5,982,200
YUXIN Trust No.2 shares
CNY ordinary
Xizang Investment Co., Ltd. 4,976,551 4,976,551
shares
MANULIFE TEDA Fund－ Minsheng
Bank－MANULIFE TEDA Value Growth CNY ordinary
4,893,559 4,893,559
Oriented Additional Issue No. 351 Assets shares
Management Program
Industrial and Commercial Bank of
China Co., Ltd. - FUGUO TIANHUI CNY ordinary
4,177,282 4,177,282
Selected Growth Growth Mixed shares
Securities Investment Fund (LOF)
Shenzhen Heli Fengyuan Commerce & CNY ordinary
3,300,000 3,300,000
Trade Co., Ltd. shares
Of the top 10 shareholders, both Chongqing International Trust Co., Ltd. - Rongxintong Serial Order -
Explanation on associated relationship
No. 10 Trust and Chongqing International Trust Co., Ltd. - YUXINTrust No. 2 are subsidiaries of
or consistent action of the above
Chongqing International Trust Co., Ltd. Both of them are holding 12,102,591 shares in total in the
shareholders
Company, which takes 2.76% of the Company's total shares.
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual
repurchase during the reporting period?
No
2. Total preferred shareholders and the shares held by the top 10 preferred shareholders
Inapplicable
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Section 3 Significant Events
I. Changes of the major financial data and financial indicators during the reporting period and the causes
(I) Balance sheet items
Opening Proportion of
Items Ending balance Cause of the movement
balance changes
Notes receivable and Mainly due to increase of the accounts receivable
447,658,811.44 335,948,508.62 33.25%
accounts receivable for goods at the end of the reporting period
Mainly due to increase of the cash deposit and
Other receivables 45,889,700.23 34,990,539.09 31.15% expense payment to be cleared at the end of the
reporting period.
Mainly due to increase of the accrued expenses at
Other payables 90,821,473.07 59,232,265.75 53.33%
the end of the reporting period
Other comprehensive income -3,272,411.80 -11,523,442.39 71.60% Mainly due to movement of the translation reserve
(II) Items of the profit statement in the reporting period
Amount incurred Amount
Proportion of
Items in the reporting incurred in the Cause of the movement
changes
period previous period
It was mainly due to decrease of the bank loans
Financial expenses - interest
6,789,639.39 10,290,602.12 -34.02% over the same period of the previous year during
expenses
the reporting period
It was due to decrease of the provision for bad debt
Loss from impairment of and provision for price falling of inventories over the
268,853.55 8,416,056.39 -96.81%
assets same period of the previous year in the reporting
period.
It was due to increase of the government subsidies
Other income 2,360,867.19 936,793.49 152.02%
received in the reporting period
Net of other comprehensive
9,644,276.18 -5,344,611.15 280.45% Mainly due to movement of the translation reserve
income after tax
(III) Items of the profit statement from the year beginning to the end of the reporting period
Amount incurred Amount incurred
Proportion of
Items in the reporting in the previous Cause of the movement
changes
period period
It was mainly due to decrease of the bank loans
Financial expenses - interest
21,062,682.52 33,537,532.63 -37.20% over the same period of the previous year during
expenses
the reporting period
It was due to decrease of the provision for bad debt
Loss from impairment of assets -3,144,146.56 21,199,745.69 -114.83%
and provision for price falling of inventories over the
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
same period of the previous year in the reporting
period.
It was due to increase of the government subsidies
Other income 8,857,885.99 2,414,836.49 266.81%
received in the reporting period
Net of other comprehensive
8,251,321.19 1,741,879.37 373.70% Mainly due to movement of the translation reserve
income after tax
(IV) Items of the cash flow statement from the year beginning to the end of the reporting period
Amount incurred Amount incurred
Proportion of
Items in the reporting in the previous Cause of the movement
changes
period period
It was due to increase of the export rebates
Rebated taxes received 4,010,283.82 863,877.72 364.22%
received in the reporting period
Other business activity related
It was mainly due to the government subsidies
receipts 34,995,312.97 24,629,308.80 42.09%
received in the reporting period
Relevant cash
It was due to increase of the dividend distributed in
Cash paid for dividend/profit the current year over the previous year and at the
distribution or repayment of 110,277,877.06 76,460,575.01 44.23% same time decrease of the interest paid for the
interest bank loan over the same period of the previous
year.
Cash flows arising from It was mainly due to decrease of the bank loans
fund-raising activities -191,101,925.83 -422,748,445.73 54.80% over the same period of the previous year during
Net cash flow the reporting period
It was mainly due to decrease of the bank loans
Net cash and cash equivalents
11,243,794.77 -145,502,390.65 107.73% over the same period of the previous year during
Amount increased
the reporting period
II. Progress of significant events, their effects and analysis on the solutions
Inapplicable
III. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,
acquirer and the Company, etc. in the reporting period
Inapplicable
IV. Prediction of the Performances in Year 2018
Inapplicable
V. Portfolio investment
Inapplicable
VI. Entrusted financial management
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Inapplicable
VII. Investment in derivatives
Inapplicable
VIII. Registration of the activities of reception of investigators, communications, interviews, etc. during the
reporting period
Inapplicable
IX. Outward guarantee against regulations
Inapplicable
X. The Company's funds occupied by its controlling shareholder or/and related parties for non-operating purpose
Inapplicable
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Section 4. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Holdings Ltd.
September 30, 2018
In CNY
Items Ending balance Opening balance
Current assets:
Monetary capital 198,396,686.09 187,152,891.32
Settlement reserve
Inter-bank lending
Financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
Derivative financial assets
Notes receivable and accounts receivable 447,658,811.44 335,948,508.62
Where: Notes receivable 6,153,469.16 9,693,883.68
Accounts receivable 441,505,342.28 326,254,624.94
Advance payments 30,813,702.67 24,663,314.53
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 45,889,700.23 34,990,539.09
Redemptory monetary capital for sale
Inventories 1,719,468,473.32 1,820,526,676.26
Held-for-sale assets
Non-current assets due within a year
Other current assets 29,170,827.65 24,616,815.21
Total current assets 2,471,398,201.40 2,427,898,745.03
Non-current assets:
Provision of loans and advance in cash
Available-for-sale financial assets 85,000.00 85,000.00
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Held-to-due investments
Long-term accounts receivable
Long-term equity investment 43,972,531.47 43,879,518.09
Investment real estate 345,621,944.56 305,493,987.77
Fixed assets 461,097,481.02 523,699,592.65
Construction-in-process 12,665,238.28 10,947,300.53
Productive biological asset
Oil and gas assets
Intangible assets 44,255,220.33 44,223,280.21
Development expenses
Goodwill
Long-term expenses to be apportioned 119,471,578.84 109,409,785.49
Deferred income tax asset 108,816,166.62 105,905,944.80
Other non-current assets 9,971,859.33 8,246,538.33
Total non-current assets 1,145,957,020.45 1,151,890,947.87
Total assets 3,617,355,221.85 3,579,789,692.90
Current liabilities:
Short term borrowings 464,922,149.78 525,990,510.00
Borrowings from central bank
Deposits taking and interbank placement
Loans from other banks
Financial liabilities measured based on
the fair value and whose change was charged
to the current gain and loss.
Derivative financial liabilities
Notes payable and accounts payable 261,474,973.99 263,256,495.65
Advances from customers 19,322,876.99 15,141,587.79
Funds from selling out and repurchasing
financial assets
Service charge and commission payable
Salaries payable to the employees 56,698,214.43 71,564,367.14
Taxes payable 69,816,088.11 55,857,236.59
Other payables 90,821,473.07 59,232,265.75
Payable reinsurance
Reserve for insurance contract
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Acting trading securities
Income from securities underwriting on
commission
Held-for-sale liabilities
Non-current liabilities due within a year 35,000,000.00 35,000,000.00
Other current liabilities
Total current liabilities 998,055,776.37 1,026,042,462.92
Non-current liabilities:
Long-term borrowings 62,383,129.25 79,870,353.00
Bonds payable
Including: preferred shares
Perpetual bond
Long-term accounts payable
Long-term accrued payroll
Predicted liabilities
Deferred income 5,780,000.00 5,904,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 68,163,129.25 85,774,353.00
Total liabilities 1,066,218,905.62 1,111,816,815.92
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,062,455,644.22 1,062,455,644.22
Less: shares in stock
Other comprehensive income -3,272,411.80 -11,523,442.39
Special reserve
Surplus Reserve 206,805,713.35 206,805,713.35
Reserve against general risks
Retained earnings 846,396,683.08 771,484,565.02
Total owners’ equity attributable to the parent
2,551,130,509.85 2,467,967,361.20
company
Minority shareholders’ equity 5,806.38 5,515.78
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Total owner’s equity 2,551,136,316.23 2,467,972,876.98
Total liabilities and owners’ equity 3,617,355,221.85 3,579,789,692.90
Legal representative: Huang Yongfeng 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 capital 176,044,667.47 131,163,944.43
Financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
Derivative financial assets
Notes receivable and accounts receivable 492,234.98 6,832,006.11
Where: Notes receivable
Accounts receivable 492,234.98 6,832,006.11
Advance payments
Other receivables 686,418,109.71 831,952,437.86
Inventories
Held-for-sale assets
Non-current assets due within a year
Other current assets 10,893,702.66 9,089,170.12
Total current assets 873,848,714.82 979,037,558.52
Non-current assets:
Available-for-sale financial assets 85,000.00 85,000.00
Held-to-due investments
Long-term accounts receivable
Long-term equity investment 1,375,221,122.40 1,375,128,109.02
Investment real estate 262,601,939.80 270,241,724.52
Fixed assets 331,369,718.15 340,765,873.45
Construction-in-process 12,665,238.28 10,947,300.53
Productive biological asset
Oil and gas assets
Intangible assets 36,108,084.68 36,932,963.95
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Development expenses
Goodwill
Long-term expenses to be apportioned 4,808,236.28 4,418,287.94
Deferred income tax asset 1,499,126.32 1,499,126.32
Other non-current assets 1,795,456.03 2,687,910.84
Total non-current assets 2,026,153,921.94 2,042,706,296.57
Total assets 2,900,002,636.76 3,021,743,855.09
Current liabilities:
Short term borrowings 435,000,000.00 470,000,000.00
Financial liabilities measured based on the
fair value and whose change was charged to the
current gain and loss.
Derivative financial liabilities
Notes payable and accounts payable 57,586,340.48 60,520,874.66
Advances from customers 4,773,612.61 4,212,930.07
Salaries payable to the employees 7,870,513.62 9,291,422.00
Taxes payable 2,579,880.35 1,038,481.26
Other payables 42,961,861.08 21,596,100.44
Held-for-sale liabilities
Non-current liabilities due within a year 35,000,000.00 35,000,000.00
Other current liabilities
Total current liabilities 585,772,208.14 601,659,808.43
Non-current liabilities:
Long-term borrowings 57,361,928.00 74,861,928.00
Bonds payable
Including: preferred shares
Perpetual bond
Long-term accounts payable
Long-term accrued payroll
Predicted liabilities
Deferred income 5,780,000.00 5,904,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 63,141,928.00 80,765,928.00
Total liabilities 648,914,136.14 682,425,736.43
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,068,111,185.32 1,068,111,185.32
Less: shares in stock
Other comprehensive income
Special reserve
Surplus Reserve 206,805,713.35 206,805,713.35
Retained earnings 537,426,720.95 625,656,338.99
Total owner’s equity 2,251,088,500.62 2,339,318,118.66
Total liabilities and owners’ equity 2,900,002,636.76 3,021,743,855.09
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
3. Consolidated profit statement in the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 868,796,654.10 876,113,517.26
Including: operating income 868,796,654.10 876,113,517.26
Interest income
Earned insurance premium
Service charge and
commission income
II. Total operating costs 805,686,004.43 811,930,483.19
Including: Operating costs 505,885,393.78 512,791,871.39
Interest payment
Service charge and
commission payment
Surrender Value
Compensation expenses, net
Provision of reserve for
insurance contract, net
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 7,454,053.56 7,962,036.51
Sales cost 214,879,689.40 205,086,341.20
Administrative expenses 56,100,640.10 51,955,309.90
R & D expenditures 11,955,136.46 12,941,533.47
Financial expenses 9,142,237.58 12,777,334.33
Where: Interest cost 6,789,639.39 10,290,602.12
Interest income 643,817.82 722,695.23
Loss from impairment of
268,853.55 8,416,056.39
assets
Plus: Other income 2,360,867.19 936,793.49
Investment income (loss is stated
with “-“)
Including: return on
investment in associate and joint venture
Income from change of fair value
(loss is stated with “-”)
Exchange income (loss stated
with “-“)
Income from disposal of assets
-12,324.44 -187,228.60
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 65,459,192.42 64,932,598.96
Plus: Non-operating income 190,581.65 52,184.65
Less: Non-operating expenses 88,215.28 382,639.21
IV. Total profit (total loss is stated with “-”) 65,561,558.79 64,602,144.40
Less: Income tax expense 15,268,385.96 15,078,018.06
V. Net Profit (net loss is stated with “-“) 50,293,172.83 49,524,126.34
(I) Net Profit from sustainable
50,293,172.83 49,524,126.35
operation (net loss is stated with “-“)
(II) Net profit from termination of
business operation (net loss is stated with
“-“)
Net profit attributable to the parent
50,293,172.83 49,839,227.96
company’s owner
Minority shareholders’ gain/loss -315,101.62
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
VI. Net of other comprehensive income after
9,644,276.18 -5,344,611.14
tax
Net of other comprehensive income after
tax attributable to the parent company’s 9,643,950.34 -5,228,715.27
owner
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net
liabilities and net assets re-measured for
setting the beneficial plan
2. Other comprehensive
income which cannot be converted into gain
and loss based on the equity method
(II) Other comprehensive income
which shall be re-classified into gain and 9,643,950.34 -5,228,715.27
loss
1. Other comprehensive
income which can be converted into gain
and loss based on the equity method
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 gain/loss
from cash flow hedge
5. Conversion difference in
9,643,950.34 -5,228,715.27
foreign currency statements
6. Others
Net amount of other comprehensive
income after tax attributable to minority 325.84 -115,895.87
shareholders
VII. Total comprehensive income 59,937,449.01 44,179,515.20
Total comprehensive income
59,937,123.17 44,610,512.69
attributable to the parent company’s owner
Total comprehensive income
325.84 -430,997.49
attributable to minority shareholders
VIII. Earnings per share:
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
(I) Basic earnings per share 0.1146 0.1136
(II) Diluted earnings per share 0.1146 0.1136
For the enterprises under the same control consolidated in the reporting period, the net profit realized by the consolidee
before the consolidation is CNY 0.00. Net profit realized by the consolidatee in the previous period is CNY 0.00.
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
4. Profit statement of the parent company in the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 28,462,045.84 27,263,052.24
Less: Operating cost 3,966,158.08 4,615,106.22
Taxes and surcharges 1,077,631.80 1,306,737.51
Sales cost
Administrative expenses 16,788,796.26 12,119,794.38
R & D expenditures 5,939,757.96 10,253,463.39
Financial expenses 3,246,486.94 2,644,287.94
Where: Interest cost 3,063,446.70 3,015,267.50
Interest income 572,936.96 297,371.88
Loss from impairment of assets
Plus: Other income 1,523,301.89 900.00
Investment income (loss is stated
with “-“)
Including: return on investment in
-38,246.82
associate and joint venture
Income from change of fair value
(loss is stated with “-”)
Income from disposal of assets
-38,246.82
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) -1,033,483.31 -3,713,684.02
Plus: Non-operating income
Less: Non-operating expenses 0.90 300,029.00
III. Total profit (total loss is stated with “-“) -1,033,484.21 -4,013,713.02
Less: Income tax expense -1,041,658.25
IV. Net Profit (net loss is stated with “-“) -1,033,484.21 -2,972,054.77
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FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
(I) Net Profit from sustainable
-1,033,484.21 -2,972,054.77
operation (net loss is stated with “-“)
(II) Net profit from termination of
business operation (net loss is stated with
“-“)
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net
liabilities and net assets re-measured for
setting the beneficial plan
2. Other comprehensive
income which cannot be converted into gain
and loss based on the equity method
(II) Other comprehensive income
which shall be re-classified into gain and
loss
1. Other comprehensive
income which can be converted into gain
and loss based on the equity method
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 gain/loss
from cash flow hedge
5. Conversion difference in
foreign currency statements
6. Others
VI. Total comprehensive income -1,033,484.21 -2,972,054.77
VII. Earnings per share:
(I) Basic earnings per share -0.0024 -0.0067
(II) Diluted earnings per share -0.0024 -0.0067
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
18
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
5. Consolidated Profit Statement from the year beginning to the end of the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 2,564,688,086.82 2,475,654,661.61
Including: operating income 2,564,688,086.82 2,475,654,661.61
Interest income
Earned insurance premium
Service charge and
commission income
II. Total operating costs 2,362,178,677.99 2,300,032,696.40
Including: Operating costs 1,482,211,130.13 1,454,271,556.22
Interest payment
Service charge and
commission payment
Surrender Value
Compensation expenses, net
Provision of reserve for
insurance contract, net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 25,244,839.99 23,143,533.79
Sales cost 636,992,731.09 599,372,662.99
Administrative expenses 160,343,031.79 128,181,081.76
R & D expenditures 33,241,062.48 34,886,148.56
Financial expenses 27,290,029.07 38,977,967.39
Where: Interest cost 21,062,682.52 33,537,532.63
Interest income 1,723,404.90 2,212,562.68
Loss from impairment of
-3,144,146.56 21,199,745.69
assets
Plus: Other income 8,857,885.99 2,414,836.49
Investment income (loss is stated
93,013.38 188,871.89
with “-“)
Including: return on investment in
93,013.38 188,871.89
associate and joint venture
Income from change of fair value
19
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
(loss is stated with “-”)
Exchange income (loss stated
with “-“)
Income from disposal of assets
-66,731.60 -200,581.55
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 211,393,576.60 178,025,092.04
Plus: Non-operating income 554,441.16 198,051.56
Less: Non-operating expenses 554,737.81 1,043,829.65
IV. Total profit (total loss is stated with “-”) 211,393,279.95 177,179,313.95
Less: Income tax expense 48,732,185.68 41,043,403.06
V. Net Profit (net loss is stated with “-“) 162,661,094.27 136,135,910.89
(I) Net Profit from sustainable
162,661,094.27 136,135,910.89
operation (net loss is stated with “-“)
(II) Net profit from termination of
business operation (net loss is stated with
“-“)
Net profit attributable to the parent
162,661,094.27 136,548,052.72
company’s owner
Minority shareholders’ gain/loss -412,141.83
VI. Net of other comprehensive income after
8,251,321.19 1,741,879.37
tax
Net of other comprehensive income after
tax attributable to the parent company’s 8,251,030.59 1,939,829.31
owner
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net
liabilities and net assets re-measured for
setting the beneficial plan
2. Other comprehensive
income which cannot be converted into gain
and loss based on the equity method
(II) Other comprehensive income
which shall be re-classified into gain and 8,251,030.59 1,939,829.31
loss
1. Other comprehensive
income which can be converted into gain
and loss based on the equity method
20
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
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 gain/loss
from cash flow hedge
5. Conversion difference in
8,251,030.59 1,939,829.31
foreign currency statements
6. Others
Net amount of other comprehensive
income after tax attributable to minority 290.60 -197,949.94
shareholders
VII. Total comprehensive income 170,912,415.46 137,877,790.26
Total comprehensive income
170,912,124.86 138,487,882.03
attributable to the parent company’s owner
Total comprehensive income
290.60 -610,091.77
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.3707 0.3112
(II) Diluted earnings per share 0.3707 0.3112
For the enterprises under the same control consolidated in the reporting period, the net profit realized by the consolidee
before the consolidation is CNY 0.00. Net profit realized by the consolidatee in the previous period is CNY 0.00.
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
6. Profit statement of the parent company from the year beginning to the end of the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 84,581,680.02 78,617,476.17
Less: Operating cost 13,544,702.78 13,233,987.77
Taxes and surcharges 3,283,993.87 3,164,461.73
Sales cost 5,024,222.36
Administrative expenses 48,103,773.92 36,000,455.91
21
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
R & D expenditures 16,261,936.11 20,117,445.63
Financial expenses 6,800,487.30 8,490,598.99
Where: Interest cost 7,298,145.33 9,506,264.31
Interest income 1,283,699.17 1,020,073.12
Loss from impairment of assets
Plus: Other income 3,121,301.89 754,900.00
Investment income (loss is stated
93,013.38 188,871.89
with “-“)
Including: return on investment in
93,013.38 188,871.89
associate and joint venture
Income from change of fair value
(loss is stated with “-”)
Income from disposal of assets
-13,917.68 -38,246.82
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) -212,816.37 -6,508,171.15
Plus: Non-operating income 9,480.00 35,879.89
Less: Non-operating expenses 446,782.97 320,029.00
III. Total profit (total loss is stated with “-“) -650,119.34 -6,792,320.26
Less: Income tax expense -169,477.50 -2,829,509.08
IV. Net Profit (net loss is stated with “-“) -480,641.84 -3,962,811.18
(I) Net Profit from sustainable
-480,641.84 -3,962,811.18
operation (net loss is stated with “-“)
(II) Net profit from termination of
business operation (net loss is stated with
“-“)
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net
liabilities and net assets re-measured for
setting the beneficial plan
2. Other comprehensive
income which cannot be converted into gain
and loss based on the equity method
(II) Other comprehensive income
which shall be re-classified into gain and
loss
22
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
1. Other comprehensive
income which can be converted into gain
and loss based on the equity method
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 gain/loss
from cash flow hedge
5. Conversion difference in
foreign currency statements
6. Others
VI. Total comprehensive income -480,641.84 -3,962,811.18
VII. Earnings per share:
(I) Basic earnings per share -0.0011 -0.0090
(II) Diluted earnings per share -0.0011 -0.0090
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
7. Consolidated cash flow statement from the year beginning to the end of the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Cash flows arising from operating
activities
Cash received from sales of goods
2,803,068,270.63 2,792,775,081.25
and supply of labor service
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 the premium of
the original insurance contract
Net cash received from the
23
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
reinsurance business
Net increase of the reserve from policy
holders and investment
Net increase from disposal of
financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
Cash received from interest, service
charge and commission
Net increase of loan from other banks
Net increase of fund from repurchase
business
Rebated taxes received 4,010,283.82 863,877.72
Other operation activity related cash
34,995,312.97 24,629,308.80
receipts
Subtotal of cash flow in from operating
2,842,073,867.42 2,818,268,267.77
activity
Cash paid for purchase of goods and
1,540,691,872.50 1,544,513,523.88
reception of labor services
Net increase of loans and advances to
customers
Net increase of due from central bank
and due from banks
Cash from payment for settlement of
the original insurance contract
Cash paid for interest, service charge
and commission
Cash for payment of policy dividend
Cash paid to and for staff 444,077,098.36 387,000,554.27
Taxes paid 235,578,269.66 200,395,453.26
Other business activity related cash
331,138,152.18 323,042,776.87
payments
Subtotal of cash flow out from operating
2,551,485,392.70 2,454,952,308.28
activity
Net cash flows arising from operating
290,588,474.72 363,315,959.49
activities
II. Cash flows arising from investment
activities:
24
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Cash received from recovery of
investment
Cash received from investment
income
Net cash from disposal of fixed assets
and intangible asset and recovery of other 28,712.31 1,167,247.92
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 investment
28,712.31 1,167,247.92
activity
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 88,993,938.27 85,209,670.21
Long-term assets
Cash paid for investment
Net increase of the pledged loan
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment related cash
payments
Subtotal of cash flow out from investment
88,993,938.27 85,209,670.21
activity
Net cash flow arising from investment
-88,965,225.96 -84,042,422.29
activities
III. Cash flows arising from fund-raising
activities
Cash received from absorbing
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 519,176,123.11 495,432,500.00
Cash received from bond issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund-raising
519,176,123.11 495,432,500.00
activity
25
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Cash paid for debt repayment 600,000,171.88 841,720,370.72
Cash paid for dividend/profit
110,277,877.06 76,460,575.01
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Cash paid for other financing activities
Sub-total cash flow paid for financing
710,278,048.94 918,180,945.73
activities
Net cash flows arising from fund-raising
-191,101,925.83 -422,748,445.73
activities
IV. Change of exchange rate influencing the
722,471.84 -2,027,482.12
cash and cash equivalent
V. Net increase of cash and cash
11,243,794.77 -145,502,390.65
equivalents
Plus: Opening balance of cash and
184,947,891.32 427,227,755.81
cash equivalents
VI. Ending balance of cash and cash
196,191,686.09 281,725,365.16
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
8. Cash flow statement of the parent company from the year beginning to the end of the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Net cash flows arising from operating
activities
Cash received from sales of goods
88,176,155.56 83,065,809.42
and supply of labor service
Rebated taxes received
Other operation activity related cash
2,007,440,429.50 371,702,310.58
receipts
Subtotal of cash flow in from operating
2,095,616,585.06 454,768,120.00
activity
Cash paid for purchase of goods and
reception of labor services
Cash paid to and for staff 46,814,508.80 42,393,494.11
Taxes paid 6,849,978.67 7,632,305.47
26
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Other business activity related cash
1,822,666,271.46 19,722,463.57
payments
Subtotal of cash flow out from operating
1,876,330,758.93 69,748,263.15
activity
Net cash flows arising from operating
219,285,826.13 385,019,856.85
activities
II. Cash flows arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment
income
Net cash from disposal of fixed assets
and intangible asset and recovery of other 25,600.00
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 investment
25,600.00
activity
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 12,890,414.26 35,452,627.12
Long-term assets
Cash paid for investment
Net cash paid for acquisition of
38,927,328.35
subsidiaries and other operation units
Other investment related cash
payments
Subtotal of cash flow out from investment
12,890,414.26 74,379,955.47
activity
Net cash flows arising from investment
-12,890,414.26 -74,354,355.47
activities
III. Cash flows arising from fund-raising
activities
Cash received from absorbing
investment
Cash received from loans 490,000,000.00 460,000,000.00
Cash received from bond issuing
27
FIYTA HOLDINGS LTD. 2018 Third Quarterly Report, Full Text
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund-raising
490,000,000.00 460,000,000.00
activity
Cash paid for debt repayment 542,500,000.00 754,000,000.00
Cash paid for dividend/profit
109,093,581.84 71,662,219.12
distribution or repayment of interest
Cash paid for other financing activities
Sub-total cash flow paid for financing
651,593,581.84 825,662,219.12
activities
Net cash flows arising from fund-raising
-161,593,581.84 -365,662,219.12
activities
IV. Change of exchange rate influencing the
78,893.01 -76,689.78
cash and cash equivalent
V. Net increase of cash and cash
44,880,723.04 -55,073,407.52
equivalents
Plus: Opening balance of cash and
128,958,944.43 269,372,926.47
cash equivalents
VI. Ending balance of cash and cash
173,839,667.47 214,299,518.95
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
II. Auditors’ Report
Has the third quarterly report been audited
No
28
