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公司公告

飞亚达B:2019年半年度报告摘要(英文版)2019-08-15  

						      Stock Codes: 000026    200026     Short Form of Stock:   FIYTA A, FIYTA B    Announcement No: 2019-043




                                        FIYTA HOLDINGS LTD.



                              2019 Semi-annual Report, Summary



I. Important Notice


This summary of the Annual Report is quoted out of the full text of the Annual Report. Investors desirous
to understand entirely the Company's operation results, financial position and future development
planning are advised to carefully read the full text of the Annual Report which is published in the medium
designated by CSRC.


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 Annual Report.


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


Indication of qualified audit opinion
Inapplicable


The profit distribution preplan or the preplan for conversion of reserve into capital for the reporting period
reviewed by the Board of Directors

The Company intends neither to distribute any cash dividend or bonus shares nor to convert any reserve
into share capital.


Profit Distribution Preplan for Preferred Shares during the Reporting Period Approved by the Resolution
of the Board of Directors

Inapplicable


II. Company Profile


1. Company Information


Short form of the stock:                FIYTA A,   FIYTA B              Stock Codes:                000026 and 200026

Stock Exchange Listed with              Shenzhen Stock Exchange
       Liaison Persons and Communication
                                                           Secretary of the Board                         Securities A ffairs Representative
                  Information

Name                                          Lu Wanjun                                          Zhang Yong

                                              20th Floor, FIYTA Technology Building, Gaoxin S. 20th Floor, FIYTA Technology Building, Gaoxin S.
Office Address
                                              Road One, Nanshan District, Shenzhen               Road One, Nanshan District, Shenzhen

Tel.                                          0755-86013669                                      0755-86013669

Email                                         investor@fiyta.com.cn                              investor@fiyta.com.cn


2. Summary of Accounting/Financial Data


Does the Company need to make retroactive adjustment or restatement of the accounting data of the
previous years
No

                                                                                                                                Year-on-year
                                                                                      Same period of the previous
                                                          Reporting period                                                increase/decrease in the
                                                                                                 year
                                                                                                                               reporting period

Revenue       in CNY                                            1,785,036,020.23                  1,695,891,432.72                                5.26%

Net profit attributable to the Company’s
                                                                  123, 495,460.90                   112,367,921.44                                9.90%
shareholders, in CNY

Net profit attributable to the Company’s
shareholders less the non-recurring items, in                     113,627,146.69                     99,759,371.16                                13.90%
CNY

Net cash flows arising from operating activities,
                                                                  159, 014,650.37                   224, 672,274.09                             -29.22%
in CNY

Basic earning per share (CNY/share)                                          0.2788                            0.2561                             8.86%

Diluted earning per share (CNY/share)                                        0.2788                            0.2561                             8.86%

Return on equity, weighted average                                           4.69%                             4.45%                              0.24%

                                                                                                                        Increase/decrease at the end
                                                    End of the reporting period        End of the previous year         of the year over the end of the
                                                                                                                                previous year

Total assets (in CNY)                                           3,660,456,223.27                  3,599,691,650.26                                1.69%

Net profit attributable to the Company’s
                                                                2,683,297,649.42                  2,570,134,782.90                                4.40%
shareholders, in CNY


3. Number of Shareholders and Shareholding


                                                                                                                        In shares

Total common shareholders at the end                                           Total preference shareholders
                                                                      33,105                                                                           0
of the reporting period                                                        with the voting power recovered
                                                                                at the end of the reporting period
                                                                                (if any)

                                                          Shareholding by top 10 shareholders

                                                                                                                              Pledging or freezing
  Names of the           Nature of the     Shareholding      Shareholding
                                                                              Number of the restricted shares held       Status of the
  Shareholders           shareholder        proportion         quantity                                                                     Quantity
                                                                                                                           shares

AVIC International
                       State corporate           36.79%        162, 977,327                                          0
Holding Limited

                       Domestic natural
#Yang Zugui                                        3.32%        14,709,417                                           0
                       persons

National Social
                       State-owned legal
Security Fund 114                                  1.92%         8,483,232                                           0
                       person
Portfolio

BANK OF
COMMUNICATIO
NS CO.,LTD         -   Domestic
CHANGXIN               non-state-owned             0.62%         2,741,301                                           0
QUANTIFIED             corporate
PIONEER
EQUITY       FUND

Shenzhen Heli
                       Domestic
Fengyuan
                       non-state-owned             0.61%         2,704,000                                           0
Commerce &
                       corporate
Trade Co., Ltd.

Xizang
                       State-owned legal
Investment Co.,                                    0.51%         2,271,251                                           0
                       person
Ltd.

                       Domestic natural
Li Changqiang                                      0.32%         1,398,000                                           0
                       persons

                       Domestic natural
# Chen Chu                                         0.31%         1,365,219                                           0
                       persons

                       Domestic natural
Zeng Yanhong                                       0.30%         1,350,000                                           0
                       persons

Vanguard
Investment
Australia Ltd. -       Domestic
Vanguard               non-state-owned             0.27%         1,190,485                                           0
Emerging Market corporate
Stock Index Fund
(Stock Exchange)
Explanation on associated
relationship or consistent action of   Inapplicable
the above shareholders

Note to the shareholder(s) involved
in the securities margin trading (if   Inapplicable
any)


4. Change of the Controlling Shareholder or Actual Controller


Inapplicable


5. Total preferred shareholders and the shareholding by the top 10 preferred shareholders


Inapplicable


6. Company Bonds


Did there exist any company bonds which were issued to the public and listed with the stock exchange
for trading and was due by the date when the Semi-annual Report was approved for issuing or failed to
be fully cashed by the end of the reporting period.

No


III. Discussion and Analysis on the Operation


1. Operation Summary in the Reporting Period


Does the Company need to comply with the disclosure requirements of special industry
No

In the first half of 2019, the domestic economy still faced a quite high downward pressure due to the
complexity of the e xternal political and economic environment and depressed consumption, and the
watch industry was also confronted with big growth pressure. During the reporting period, facing the
severe market pressure, the Company seized the opportunity of consumption upgrading, continued to
promote upgrading of brand improvement and better customer services, further strengthened the refined
management and professional operation capabilities; the Company still achieved steady growth in
operating performance, and continuous improvement of the operational efficiency. In the first half of 2019,
the Company realized revenue amounting to CNY 1,785.036 million with year -on-year growth of 5.26%
and realized total profit amounting to CNY 164.1106 million with a year-on-year growth of 12.53%.

During the reporting period, the Company carried out the following key work.
I. Continuing to carry forward “FIYTA” Brand upgrading and operation efficienc y improvement

During the reporting period, the Company took the customers’ demand as the origin an d continued to
carry forward “FIYTA” Brand upgrading centering on the operation work, including product, channel,
marketing, etc. During the first half of 2019, “FIYTA” Brand continued to enhance the professional
watch-making spirit and the independent aes thetic design brand conception, launched in succession a
number of new products, including the Master Series DUNHUANG Themed wristwatches, MACH Series
“J-20” jointly limited wristwatch and “Heartstrings” series wristwatches, etc. and achieved breakthrough in
application of new materials, such as Damascus steel, Grade 5 titanium, etc.; continued to reinforce
improvement of whole-channel operation ability, promoted off-line channel structure optimization and
identity upgrading; promoted adjustment of e-commerce operation pattern, quickened on-line business
development; continued to participate in such important activities of the industry, including Baselworld
2019, Watch & Clock Fair China, China Brand Day, etc. and improved the brand identity and industry
influence, additionally appointed “Feng Shaofeng” as brand spokesman and increased the interaction of
the brand, consumers and new media. At the same time, the Company spared no efforts to improve the
efficiency of brand business operations. In the first half of 2019, the Company achieved positive results in
its brand business in terms of product quality, inventory turnover rate, cost control, channel operation
quality, etc.
II. Continuing to carry forward retail service network optimization and customer service
improvement

During the reporting period, although the overall watch market was under pressure, yet the medium - and
high-end brand watches with unit price exceeding CNY 10,000 were still favored by more consumers and
a high growth rate and a favorable trend were achieved. Harmony World Watches retail services grasped
the growth opportunity of mid-to-high-end watch brands, strengthened resource integration and operation
improvement, continued to strengthen cooperation with international brands and mid -to-high-end retail
channels, promoted brand upgrading and channel upgrading, and continuously increased customer unit
prices; at the same time, continued to obtain international on-line watch brand authorization, newly set up
Tissot and Mido JD franchise houses, Mido Tmall franchise house, and enriched on-line watch retail
service network. During the reporting period, Harmony World Watches Retail Service continued to
deepen the improvement of customer service segmentation, accelerated the promotion of smart retail
projects, and continued to promote the business development of technical services.
III. Insisting on Innovation Development and Maintaining Quick De velopment of New Businesses
During the reporting period, under the macro background of industrial upgrading and intelligent
manufacturing, the Company continued to promote the rapid growth of precision manufacturing business
by vigorously developing markets such as laser devices and electronic circuits, relying on national
high-tech enterprises and more mature precision manufacturing industry bases. In the first half of 2019,
revenue from precision manufacturing business increased by 41% year-on-year. At the same time, the
Company continued to accelerate the layout of smart wear business. In the first h alf of 2019, the
Company continued to integrate resources for its "Jeep" brand smart watches, deepened technical
cooperation, and quickly deployed serialized iterative products, and continued to maintain a good sales
situation for its smart watches.
IV. Implementing the “Repurchase” Program and Improving the Value for the Shareholders

During the reporting period, the Company continued to increase its interaction with the capital market in
multiple dimensions, convey the intrinsic value of the Company, promo ted the annual distribution of
equity, and continued to keep high rate of distribution to investors. The accumulative cash dividend
distributed took 151.39% of the annual average net profit in the past three years. At the same time, in
order to boost confidence in the capital market and realized maximization of the value for shareholders,
based on the confidence in the Company's future development prospects and recognition of the
Company's value, the Company initiated the repurchase of some domestically lis ted foreign shares (B
shares) in April 2019. In the first half of 2019, the Company successfully carried out the “repurchase”
program and applied approximately HK$16 million to repurchase 2.7 million shares of B shares through
centralized bidding.


2. Matters in Connection with the Financial Report


(1) Explanation on the Changes in the Accounting Policy, Accounting Estimate, and Accounting
Method in Comparison with the Financial Report of the Pre vious Year


Inapplicable


(2) Explanation on Serious Accounting Errors Occurred during the Reporting Period Necessary to
be Restated Retrospectively


Inapplicable


(3) Explanation on the Changes in the Scope of the Consolidated Statements in Comparison with
the Financial Report of the Previous Accounting Period


Inapplicable


                                                                           FIYTA HOLDINGS LTD.
                                                                               Board of Directors

                                                                                August 15, 2019