FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
FIYTA HOLDINGS LTD.
2019 Third Quarterly Report
October, 2019
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FIYTA HOLDINGS LTD. 2019 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. 2019 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) 3,704,836,450.65 3,599,691,650.26 2.92%
Net profit attributable to the Company’s
2,628,844,794.49 2,570,134,782.90 2.28%
shareholders, in CNY
Decrease/Increase of 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 end of
reporting period reporting period
the previous year
Revenue in CNY 954,666,662.24 9.88% 2,739,702,682.47 6.82%
Net profit attributable to the Company’s
55,235,304.47 9.83% 178,730,765.38 9.88%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring 55,447,049.05 14.51% 169,074,195.74 14.10%
items, in CNY
Net cash flows arising from operating
-- -- 304,727,914.51 4.87%
activities, in CNY
Basic earning per share (CNY/share) 0.1251 9.16% 0.4039 8.96%
Diluted earning per share (CNY/share) 0.1251 9.16% 0.4039 8.96%
Return on equity, weighted average 2.05% -2.06% 6.74% 2.90%
Non-recurring gain/loss items and the amount
In CNY
Amount from the year beginning
Items Note
to the end of the reporting period
Gain/loss from disposal of non-current assets, including the part offset
-883,236.65
from the provision for impairment of assets.
The government subsidies included in the profits and losses of the
current period ( (excluding government grants which are closely related
13,366,923.67
to the Company’s business and conform with the national standard
amount or quantity)
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Other non-operating income and expenses other than the aforesaid
-194,635.08
items
Less: Amount affected by the income tax 2,632,482.30
Total 9,656,569.64 --
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 voting power recovered and the
shareholding by the top 10 shareholders
In shares
Total preference shareholders
Total common shareholders at the end of with the voting power recovered
32,680 0
the reporting period at 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 36.79% 162,977,327 0
Holding Limited
Domestic natural
#Yang Zugui 4.07% 18,013,506 0
person
Chongqing
International Trust Domestic natural
1.06% 4,695,982 0
Co., Ltd. - YUXIN person
No. 2 Trust
Jilin Risheng
Investment
Management Co.,
Domestic
Ltd. - RISHENG
non-state-owned 0.70% 3,113,430 0
FEIYUE
corporate
DIANFENG Phase I
Private-Placement
Securities
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Investment Fund
National Social
State-owned legal
Security Fund 114 0.62% 2,754,493 0
person
Portfolio
Shenzhen Heli
Domestic
Fengyuan
non-state-owned 0.61% 2,704,000 0
Commerce & Trade
legal person
Co., Ltd.
Domestic natural
# Zhao Ce 0.30% 1,333,300 0
person
Vanguard
Investment
Australia Ltd. - Domestic
Vanguard Emerging non-state-owned 0.27% 1,190,485 0
Market Stock Index legal person
Fund (Stock
Exchange)
Domestic natural
Ma Xinting 0.26% 1,150,000 0
person
CHINA
MERCHANTS Overseas legal
0.20% 904,371 0
SECURITIES HK person
CO. LTD.
Shares held by top 10 shareholders of unrestricted shares
Share type
Names of the Shareholders Quantity of unrestricted shares held a
Share type Quantity
CNY ordinary
AVIC International Holding Limited 162,977,327 162,977,327
shares
CNY ordinary
#Yang Zugui 18,013,506 18,013,506
shares
Chongqing International Trust Co., Ltd. - CNY ordinary
4,695,982 4,695,982
YUXIN No. 2 Trust shares
Jilin Risheng Investment Management
Co., Ltd. - RISHENG FEIYUE CNY ordinary
3,113,430 3,113,430
DIANFENG Phase I Private-Placement shares
Securities Investment Fund
National Social Security Fund 114 CNY ordinary
2,754,493 2,754,493
Portfolio shares
Shenzhen Heli Fengyuan Commerce & 2,704,000 CNY ordinary 2,704,000
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Trade Co., Ltd. shares
CNY ordinary
# Zhao Ce 1,333,300 1,333,300
shares
Vanguard Investment Australia Ltd. -
CNY ordinary
Vanguard Emerging Market Stock Index 1,190,485 1,190,485
shares
Fund (Stock Exchange)
CNY ordinary
Ma Xinting 1,150,000 1,150,000
shares
Foreign invested
CHINA MERCHANTS SECURITIES HK
904,371 shares listed in 904,371
CO. LTD.
Mainland China
Explanation on associated relationship
or consistent action of the above Inapplicable
shareholders
Note to the top 10 shareholders involved
in margin financing & securities lending Inapplicable
(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 preferred shareholders and the shares held by the top 10 preferred shareholders
Inapplicable
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FIYTA HOLDINGS LTD. 2019 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
Items Ending balance Opening balance Variation Cause of the movement
proportion
Monetary capital 271,288,310.87 164,828,059.97 64.59% Mainly due to net flow-in from operating activities
Mainly due to increase of advance payment for
Advance payments 25,118,168.82 13,666,816.33 83.79%
purchase of accessories
Mainly due to increase of the deposit for shopping
Other receivables 63,638,680.84 45,870,582.26 38.74%
mail, etc.
Mainly due to increase of the advance payment
Advance receipts 32,519,488.14 16,459,445.00 97.57%
received
Mainly due to the increase of the equity incentive
Other payables 122,637,010.50 71,819,930.30 70.76% money payable to employees, refurbishment deposit
and the down payment for lease.
Other comprehensive income -1,354,800.31 -5,442,139.78 75.11% Mainly due to movement of the translation reserve
(II) Items of the profit statement in the reporting period
Items Amount incurred in Amount incurred in Variation Cause of the movement
the reporting the previous period proportion
period
Mainly due to the decrease of government subsidies
Other income 321,181.31 2,360,867.19 -86.40%
received in the reporting period.
Mainly due to the increase of the provision for bad
Loss from impairment of credit -5,221,223.17 -2,676,174.68 -95.10%
debt during the reporting period.
Mainly due to the partial inventory assets being
Loss from impairment of assets -298,243.29 2,407,321.13 -112.39%
written off after clearing in the previous period.
Mainly due to increase of the loss arising from
Income from disposal of assets -671,226.52 -12,324.44 -5346.30%
disposal of equipment in the reporting period.
Mainly due to movement of the translation difference
Net of other comprehensive
2,338,089.70 9,644,276.18 -75.76% of the foreign currency statements in the reporting
income after tax
period.
(III) Items of the profit statement from the year beginning to the end of the reporting period
Amount incurred in
Amount incurred in Variation
Items the reporting Cause of the movement
the previous period proportion
period
Mainly due to the increase of the government
Other income 13,366,923.67 8,857,885.99 50.90%
subsidies received in the reporting period
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Mainly due to the influence from the profit increase of
Return on investment 1,531,310.06 93,013.38 1546.33%
Shanghai Watch Industry in the current year.
Mainly due to increase of provision of the accounts
Loss from impairment of credit -8,302,992.06 2,502,625.73 -431.77%
receivable from some customers in the current year.
Mainly due to increase of partial inventory assets
Loss from impairment of assets 2,216,497.57 641,520.83 245.51%
written off after clearing in the current year.
Mainly due to the increase of the loss arising from the
Income from disposal of assets -883,236.65 -66,731.60 -1223.57%
disposal of equipment in the current year.
Mainly due to the movement of the translation
Net of other comprehensive
4,087,510.57 8,251,321.19 -50.46% difference of the foreign currency statements in the
income after tax
current year.
(IV) Items of the cash flow statement from the year beginning to the end of the reporting period
Items Amount incurred in Amount incurred in Variation Cause of the movement
the reporting the previous period proportion
period
Mainly due to the increase of the government subsidy
Other operation activity related
62,653,660.31 34,995,312.97 79.03% and down payment for lease received in the current
cash receipts
year.
Cash paid for
purchase/construction of fixed Mainly due to increase of the project payment of
120,991,258.41 88,993,938.27 35.95%
assets, intangible assets and FIYTA Watch Building in the current year.
other long term assets
Net cash flow arising from Mainly due to the decrease of the bank loans over the
-77,815,694.22 -191,101,925.83 59.28%
financing activities same period of the previous year in the current year.
Net increase of cash and cash Mainly due to the decrease of the bank loans over the
106,460,250.90 11,243,794.77 846.84%
equivalents same period of the previous year in the current year.
II. Progress of significant events, their effects and analysis on the solutions
1. Appointment of deputy GMs of the Company
The 11th session of the Ninth Board of Directors held on September 29, 2019 reviewed and approved the Proposal on
Appointment of Deputy GMs of the Company decided to appoint Mr. Tang Haiyuan and Mr. Xu Chuangyue as deputy GMs
of the Company with the tenure from the date when the said Board meeting to the date when the Ninth Board of Directors
ends. For the detail, refer to the Announcement on the Resolution of the 11th Session of the Ninth Board of Directors No.
2019-047 disclosed on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
2. Change of the controlling shareholder’s equity
On October 2, 2019, the Company received a notice from AVIC International Holdings Limited, the Company’s controlling
shareholder, according to which AVIC International Holding Corporation, AVIC International Shenzhen Company Limited
and AVIC International Holdings Limited are going to be merged. After the merging, AVIC International Holding
Corporation shall directly hold 162,977,327 shares in the Company (taking 36.79% of the Company's total shares) and
become the controlling shareholder of the Company. For the detail, refer to the Indicative Announcement on the
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Movement of the Equity of the Controlling Shareholder No. 2019-049 and the Acquisition Report, Summary 2019-050
published on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
3. Replacement of the Accounting Firm
The 12th session of the Ninth Board of Directors held on October 16, 2019 reviewed and approved the Proposal on the
Replacement of the Accounting Firm is going to appoint Grant Thornton Certified Public Accountants (Special General
Partnership) as the Company’s auditor of the Financial Report 2019 and the internal control to replace Ruihua Certified
Public Accountants (Special General Partnership) for a term of one year. The said proposal on the replacement of the
accounting firm is subject to review and approval of the General Meeting. For the detail, refer to the Announcement on the
Resolution of the 12th Session of the Ninth Board of Directors No. 2019-052 and the Announcement on the Replacement
of the Accounting Firm No. 2019-055 disclosed on the Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn.
Inquiry index of the provisional reports
General on Significant Events Date of disclosure
disclosed in the website.
Appointment of deputy GMs of the Company October 8, 2019 www.cninfo.com.cn
Change of the controlling shareholder’s equity October 8, 2019 www.cninfo.com.cn
Replacement of the Accounting Firm October 18, 2019 www.cninfo.com.cn
Progress of implementation of the stock repurchase
The 7th session of the Ninth Board of Directors held on April 4, 2019 and 2019 2nd Extraordinary General Meeting held on
April 23, 2019, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares in
the Company (B-shares), and subsequently the Company disclosed the repurchase report and published a series of
announcements on the progress in accordance with relevant regulations. For detail of the above, please refer to the
relevant announcements disclosed by the Company in the Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn.
As at the end of the reporting period, the Company repurchased 7,420,000 shares in the Company by way of centralized
bidding, accounting for 1.68% of the Company's total capital stock; the highest transaction price of the repurchased
shares was HK$6.29 per share, and the lowest transaction price was HK$5.71/share, the total amount paid has been
HK$44,698,010.62 (excluding transaction fees such as stamp duty, commission, etc.) The Company’s repurchase of the
shares was in compliance with the relevant laws and regulations and in line with the Company's established repurchase
program.
Progress of implementation of reduction of the holding size of the shares repurchased by centralized bidding
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
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
IV. Portfolio investment
Inapplicable
V. Entrusted financial management
Inapplicable
VI. Investment in derivatives
Inapplicable
VII. Registration Form of Activities of Reception for Investigation and Survey, Communications, Interviews, etc.
in the Reporting Period
Index of Basic Information on the
Time of Reception Way of Reception Types of Visitors Received
Investigation and Survey
https://view.officeapps.live.com/op/view.aspx
?src=http%3A%2F%2Fstatic.cninfo.com.cn%
June 21, 2019 Field survey Institution
2Ffinalpage%2F2019-06-21%2F1206378240
.doc
VIII. Outward guarantee against regulations
Inapplicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related Parties
Inapplicable
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Section 4. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA HOLDINGS LTD.
September 30, 2019
In CNY
Items September 30, 2019 December 31, 2018
Current assets:
Monetary capital 271,288,310.87 164,828,059.97
Settlement reserve
Inter-bank lending
Transactional financial assets
The financial assets measured at fair
values with the movement recorded in the
current profit and loss
Derivative financial assets
Notes receivable 8,579,544.25 7,051,846.85
Accounts receivable 464,186,760.60 370,545,656.61
Financing with accounts receivable
Advance payments 25,118,168.82 13,666,816.33
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 63,638,680.84 45,870,582.26
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 1,728,079,853.96 1,782,306,301.70
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 50,582,844.18 73,703,312.24
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Total current assets 2,611,474,163.52 2,457,972,575.96
Non-current assets:
Loan issuing and advance in cash
Equity investment
Available-for-sale financial assets 85,000.00
Other equity investment
Held-to-due investments
Long term accounts receivable
Long-term equity investment 46,412,373.21 44,881,063.15
Investment in other equity instruments 85,000.00
Other non-current financial assets
Investment-oriented real estate 367,041,116.02 377,319,433.03
Fixed assets 410,733,800.54 425,649,562.85
Construction-in-process 12,084,044.31 12,041,126.00
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 40,179,474.89 43,545,477.61
Development expenses
Goodwill
Long-term expenses to be apportioned 140,586,304.97 128,572,545.15
Deferred income tax asset 68,491,284.50 100,675,706.09
Other non-current assets 7,748,888.69 8,949,160.42
Total non-current assets 1,093,362,287.13 1,141,719,074.30
Total assets 3,704,836,450.65 3,599,691,650.26
Current liabilities:
Short term borrowings 597,194,855.00 547,118,452.97
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
The financial liabilities measured at fair
value with the movement recorded in the
current profit and loss
Derivative financial liabilities
Notes payable
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Accounts payable 224,934,639.44 259,913,612.34
Advance receipts 32,519,488.14 16,459,445.00
Contract liabilities
Income from sale of the repurchased
financial assets
Deposits taking and interbank
placement
Acting trading securities
Income from securities underwriting on
commission
Payroll payable to the employees 60,959,284.60 69,779,037.83
Taxes payable 29,309,694.13 55,923,171.92
Other payables 122,637,010.50 71,819,930.30
Including: interest payable 683,995.81 772,351.26
Dividends payable 848,233.27
Service charge and commission
payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year 359,085.00 347,470.00
Other current liabilities
Total current liabilities 1,067,914,056.81 1,021,361,120.36
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings 4,398,791.25 4,517,110.00
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long term payroll payable to the
employees
Estimated liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax liability
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Other non-current liabilities
Total non-current liabilities 8,071,646.61 8,189,965.36
Total liabilities 1,075,985,703.42 1,029,551,085.72
Owner’s equity:
Capital stock 442,968,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,080,169,139.92 1,062,455,644.22
Less: shares in stock 58,296,753.93
Other comprehensive income -1,354,800.31 -5,442,139.78
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Reserve against general risks
Retained earnings 942,342,534.01 851,360,603.66
Total owners’ equity attributable to the
2,628,844,794.49 2,570,134,782.90
parent company
Minority shareholders’ equity 5,952.74 5,781.64
Total owner’s equity 2,628,850,747.23 2,570,140,564.54
Total liabilities and owners’ equity 3,704,836,450.65 3,599,691,650.26
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 September 30, 2019 December 31, 2018
Current assets:
Monetary capital 237,805,946.54 137,175,466.27
Transactional financial assets
The financial assets measured at fair
values with the movement recorded in the
current profit and loss
Derivative financial assets
Notes receivable
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Accounts receivable 1,315,441.42 737,636.38
Financing with accounts receivable
Advance payments
Other receivables 715,417,118.69 870,739,378.37
Including: Interest receivable
Dividends receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 11,905,552.90 10,081,272.94
Total current assets 966,444,059.55 1,018,733,753.96
Non-current assets:
Equity investment
Available-for-sale financial assets 85,000.00
Other equity investment
Held-to-due investments
Long term accounts receivable
Long-term equity investment 1,377,660,964.14 1,376,129,654.08
Investment in other equity instruments 85,000.00
Other non-current financial assets
Investment-oriented real estate 288,822,074.17 297,042,937.87
Fixed assets 286,433,080.00 297,517,472.81
Construction-in-process 12,084,044.31 12,041,126.00
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 32,020,389.78 35,337,052.82
Development expenses
Goodwill
Long-term expenses to be apportioned 12,909,543.98 4,500,638.97
Deferred income tax asset 969,058.32 952,857.33
Other non-current assets 573,432.10 4,493,971.35
Total non-current assets 2,011,557,586.80 2,028,100,711.23
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Total assets 2,978,001,646.35 3,046,834,465.19
Current liabilities:
Short term borrowings 570,000,000.00 505,000,000.00
Transactional financial liabilities
The financial liabilities measured at fair
value with the movement recorded in the
current profit and loss
Derivative financial liabilities
Notes payable
Accounts payable 26,373,981.14 52,324,191.98
Advance receipts 6,089,599.26 1,636,520.02
Contract liabilities
Payroll payable to the employees 12,564,028.22 11,589,634.34
Taxes payable 3,589,470.60 943,919.26
Other payables 60,682,343.34 57,997,397.28
Including: interest payable 611,963.91 685,419.80
Dividends payable 848,233.27
Held-for-sale liabilities
Non-current liabilities due within a year
Other current liabilities
Total current liabilities 679,299,422.56 629,491,662.88
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long term payroll payable to the
employees
Estimated liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 3,672,855.36 3,672,855.36
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Total liabilities 682,972,277.92 633,164,518.24
Owner’s equity:
Capital stock 442,968,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,085,824,681.02 1,068,111,185.32
Less: shares in stock 58,296,753.93
Other comprehensive income
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Retained earnings 601,516,766.54 683,798,086.83
Total owner’s equity 2,295,029,368.43 2,413,669,946.95
Total liabilities and owners’ equity 2,978,001,646.35 3,046,834,465.19
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 954,666,662.24 868,796,654.10
Including: operating income 954,666,662.24 868,796,654.10
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 876,598,070.04 805,417,150.88
Including: Operating costs 564,943,912.45 505,885,393.78
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Appropriation of deposit for duty,
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 6,936,197.27 7,454,053.56
Sales costs 223,791,184.02 214,879,689.40
. Administrative expenses 58,166,098.53 56,100,640.10
R & D expenditures 14,631,757.35 11,955,136.46
Financial expenses 8,128,920.42 9,142,237.58
Where: Interest cost 6,261,557.28 6,789,639.39
Interest income 646,724.70 643,817.82
Plus: Other income 321,181.31 2,360,867.19
Investment income (loss is stated
with “-”)
Including: return on investment in
associate and joint venture
Income from the
derecognition of the financial assets
measured at amortised cost
Exchange income (loss stated with
“-“)
Net exposure hedge income (loss
stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
-5,221,223.17 -2,676,174.68
(loss is stated with “-”)
Loss from impairment of assets
-298,243.29 2,407,321.13
(loss is stated with “-”)
Income from disposal of assets
-671,226.52 -12,324.44
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 72,199,080.53 65,459,192.42
Plus: Non-operating income 194,829.48 190,581.65
Less: non-operating expenditures 159,270.28 88,215.28
IV. Total profit (total loss is stated with “-”) 72,234,639.73 65,561,558.79
Less: Income tax expense 16,999,335.26 15,268,385.96
V. Net Profit (net loss is stated with “-“) 55,235,304.47 50,293,172.83
(I) Classification based on operation
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
sustainability
1. Net Profit from sustainable operation
55,235,304.47 50,293,172.83
(net loss is stated with “-”)
2. Net Profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
1. Net profit attributable to the parent
55,235,304.47 50,293,172.83
company’s owner
2. Minority shareholders’ gain/loss
VI. Net of other comprehensive income after
2,338,089.70 9,644,276.18
tax
Net of other comprehensive income after
tax attributable to the parent company’s 2,337,932.27 9,643,950.34
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
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
2,337,932.27 9,643,950.34
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. Movement of the fair value of
the investment in other debt instruments
3. Gain/loss from change in the
fair value of the financial assets available for
sale
4. Amount of the reclassified
financial assets counted to the other
19
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified as
available-for-sale financial assets
6. Provision for impairment of
the credit of the other debt investment
7. Reserve for cash flow hedge
8. Conversion difference in
2,337,932.27 9,643,950.34
foreign currency statements
9. Others
Net amount of other comprehensive
income after tax attributable to minority 157.43 325.84
shareholders
VII. Total comprehensive income 57,573,394.17 59,937,449.01
Total comprehensive income attributable
57,573,236.74 59,937,123.17
to the parent company’s owner
Total comprehensive income attributable
157.43 325.84
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.1251 0.1146
(II) Diluted earnings per share 0.1251 0.1146
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 33,546,911.62 28,462,045.84
Less: Operating cost 5,542,524.31 3,966,158.08
Taxes and surcharges 1,069,002.12 1,077,631.80
Sales costs 309,531.74
. Administrative expenses 19,357,558.70 16,788,796.26
R & D expenditures 3,775,597.88 5,939,757.96
Financial expenses 2,197,814.39 3,246,486.94
Where: Interest cost 2,484,924.80 3,063,446.70
Interest income 581,627.16 572,936.96
20
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Plus: Other income 17,728.76 1,523,301.89
Investment income (loss is stated
with “-”)
Including: return on investment in
associate and joint venture
Income from the
derecognition of the financial assets
measured at amortised cost
Net exposure hedge income
(loss stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
(loss is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
-644,966.93
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) 667,644.31 -1,033,483.31
Plus: Non-operating income 22,200.00
Less: non-operating expenditures 10,174.24 0.90
III. Total profit (total loss is stated with “-“) 679,670.07 -1,033,484.21
Less: Income tax expense 364,641.77
IV. Net Profit (net loss is stated with “-“) 315,028.30 -1,033,484.21
(I) Net Profit from sustainable
315,028.30 -1,033,484.21
operation (net loss is stated with “-”)
(II) Net Profit from termination of
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
21
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
3. Movement of the fair value
of the investment in other equity instruments
4. Movement of the fair value
of the Company’s own credit risk
5. Others
(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. Movement of the fair value
of the investment in other debt instruments
3. Gain/loss from change in
the fair value of the financial assets
available for sale
4. Amount of the reclassified
financial assets counted to the other
comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified
as available-for-sale financial assets
6. Provision for impairment of
the credit of the other debt investment
7. Reserve for cash flow
hedge
8. Conversion difference in
foreign currency statements
9. Others
VI. Total comprehensive income 315,028.30 -1,033,484.21
VII. Earnings per share:
(I) Basic earnings per share 0.0007 -0.0024
(II) Diluted earnings per share 0.0007 -0.0024
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
5. Consolidated Profit Statement from year beginning to the end of the reporting period
In CNY
22
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 2,739,702,682.47 2,564,688,086.82
Including: operating income 2,739,702,682.47 2,564,688,086.82
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 2,511,091,261.78 2,365,322,824.55
Including: Operating costs 1,616,447,987.67 1,482,211,130.13
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Appropriation of deposit for duty,
net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 22,031,072.60 25,244,839.99
Sales costs 639,567,212.97 636,992,731.09
. Administrative expenses 174,518,933.95 160,343,031.79
R & D expenditures 34,158,168.28 33,241,062.48
Financial expenses 24,367,886.31 27,290,029.07
Where: Interest cost 18,285,401.21 21,062,682.52
Interest income 1,555,575.62 1,723,404.90
Plus: Other income 13,366,923.67 8,857,885.99
Investment income (loss is stated
1,531,310.06 93,013.38
with “-”)
Including: return on investment in
1,531,310.06 93,013.38
associate and joint venture
Income from the
derecognition of the financial assets
measured at amortised cost
Exchange income (loss stated with
“-“)
Net exposure hedge income (loss
23
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
-8,302,992.06 2,502,625.73
(loss is stated with “-”)
Loss from impairment of assets
2,216,497.57 641,520.83
(loss is stated with “-”)
Income from disposal of assets
-883,236.65 -66,731.60
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 236,539,923.28 211,393,576.60
Plus: Non-operating income 489,141.18 554,441.16
Less: non-operating expenditures 683,776.26 554,737.81
IV. Total profit (total loss is stated with “-”) 236,345,288.20 211,393,279.95
Less: Income tax expense 57,614,522.82 48,732,185.68
V. Net Profit (net loss is stated with “-“) 178,730,765.38 162,661,094.27
(I) Classification based on operation
sustainability
1. Net Profit from sustainable operation
178,730,765.38 162,661,094.27
(net loss is stated with “-”)
2. Net Profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
1. Net profit attributable to the parent
178,730,765.38 162,661,094.27
company’s owner
2. Minority shareholders’ gain/loss
VI. Net of other comprehensive income after
4,087,510.57 8,251,321.19
tax
Net of other comprehensive income after
tax attributable to the parent company’s 4,087,339.47 8,251,030.59
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
24
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
4,087,339.47 8,251,030.59
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. Movement of the fair value of
the investment in other debt instruments
3. Gain/loss from change in the
fair value of the financial assets available for
sale
4. Amount of the reclassified
financial assets counted to the other
comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified as
available-for-sale financial assets
6. Provision for impairment of
the credit of the other debt investment
7. Reserve for cash flow hedge
8. Conversion difference in
4,087,339.47 8,251,030.59
foreign currency statements
9. Others
Net amount of other comprehensive
income after tax attributable to minority 171.10 290.60
shareholders
VII. Total comprehensive income 182,818,275.95 170,912,415.46
Total comprehensive income attributable
182,818,104.85 170,912,124.86
to the parent company’s owner
Total comprehensive income attributable
171.10 290.60
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.4039 0.3707
(II) Diluted earnings per share 0.4039 0.3707
25
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
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 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 97,671,851.57 84,581,680.02
Less: Operating cost 17,350,450.21 13,544,702.78
Taxes and surcharges 3,326,021.04 3,283,993.87
Sales costs 891,567.77
. Administrative expenses 59,140,707.86 48,103,773.92
R & D expenditures 12,922,187.52 16,261,936.11
Financial expenses 5,445,503.71 6,800,487.30
Where: Interest cost 6,492,451.34 7,298,145.33
Interest income 1,357,673.60 1,283,699.17
Plus: Other income 7,761,424.65 3,121,301.89
Investment income (loss is stated
1,531,310.06 93,013.38
with “-”)
Including: return on investment in
1,531,310.06 93,013.38
associate and joint venture
Income from the
derecognition of the financial assets
measured at amortised cost
Net exposure hedge income
(loss stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
-64,803.91
(loss is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
-647,041.13 -13,917.68
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) 7,176,303.13 -212,816.37
Plus: Non-operating income 40,200.00 9,480.00
Less: non-operating expenditures 210,174.24 446,782.97
III. Total profit (total loss is stated with “-“) 7,006,328.89 -650,119.34
26
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Less: Income tax expense 1,538,814.16 -169,477.50
IV. Net Profit (net loss is stated with “-“) 5,467,514.73 -480,641.84
(I) Net Profit from sustainable
5,467,514.73 -480,641.84
operation (net loss is stated with “-”)
(II) Net Profit from termination of
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
3. Movement of the fair value
of the investment in other equity instruments
4. Movement of the fair value
of the Company’s own credit risk
5. Others
(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. Movement of the fair value
of the investment in other debt instruments
3. Gain/loss from change in
the fair value of the financial assets
available for sale
4. Amount of the reclassified
financial assets counted to the other
comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified
as available-for-sale financial assets
6. Provision for impairment of
27
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
the credit of the other debt investment
7. Reserve for cash flow
hedge
8. Conversion difference in
foreign currency statements
9. Others
VI. Total comprehensive income 5,467,514.73 -480,641.84
VII. Earnings per share:
(I) Basic earnings per share 0.0123 -0.0011
(II) Diluted earnings per share 0.0123 -0.0011
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
7. Consolidated Cash Flow Statement from 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
2,957,222,327.75 2,803,068,270.63
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
reinsurance business
Net increase of the reserve from policy
holders and investment
Cash received from interest, service
charge and commission
Net increase of loan from other banks
Net increase of fund from repurchase
business
28
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Net cash received from securities
trading on commission
Rebated taxes received 5,027,853.96 4,010,283.82
Other operation activity related cash
62,653,660.31 34,995,312.97
receipts
Subtotal of cash flow in from operating
3,024,903,842.02 2,842,073,867.42
activity
Cash paid for purchase of goods and
1,726,446,571.91 1,540,691,872.50
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
Net increase of the lending capital
Cash paid for interest, service charge
and commission
Cash for payment of policy dividend
Cash paid to and for staff 448,253,502.51 444,077,098.36
Taxes paid 187,144,694.13 235,578,269.66
Other business activity related cash
358,331,158.96 331,138,152.18
payments
Subtotal of cash flow out from operating
2,720,175,927.51 2,551,485,392.70
activity
Net cash flows arising from operating
304,727,914.51 290,588,474.72
activities
II. Net cash flows arising from investment
activities
Cash received from recovery of
investment
Cash received from investment
income
Net cash from disposal of fixed
assets,intangible assets and recovery of 203,980.63 28,712.31
other long term assets
Net cash received from disposal of
subsidiaries and other operating units
29
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Other investment related cash receipts
Subtotal of cash flow in from investment
203,980.63 28,712.31
activity
Cash paid for purchase/construction of
fixed assets, intangible assets and other 120,991,258.41 88,993,938.27
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
120,991,258.41 88,993,938.27
activity
Net cash flows arising from investment
-120,787,277.78 -88,965,225.96
activities
III. Net cash flows arising from financing
activities
Cash received from absorbing
18,585,600.00
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 597,562,376.07 519,176,123.11
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
616,147,976.07 519,176,123.11
activity
Cash paid for debt repayment 548,724,597.97 600,000,171.88
Cash paid for dividend/profit
105,454,043.34 110,277,877.06
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Cash paid for other financing activities 39,785,028.98
Sub-total cash flow paid for financing
693,963,670.29 710,278,048.94
activities
Net cash flows arising from financing
-77,815,694.22 -191,101,925.83
activities
30
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
IV. Influence of the change of exchange rate
335,308.39 722,471.84
on the cash and cash equivalents
V. Net increase of cash and cash
106,460,250.90 11,243,794.77
equivalents
Plus: Opening balance of cash and
162,623,059.97 184,947,891.32
cash equivalents
VI. Ending balance of cash and cash
269,083,310.87 196,191,686.09
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 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
105,592,825.76 88,176,155.56
and supply of labor service
Rebated taxes received
Other operation activity related cash
2,875,812,023.94 2,007,440,429.50
receipts
Subtotal of cash flow in from operating
2,981,404,849.70 2,095,616,585.06
activity
Cash paid for purchase of goods and
reception of labor services
Cash paid to and for staff 58,785,766.63 46,814,508.80
Taxes paid 7,943,935.36 6,849,978.67
Other business activity related cash
2,719,708,117.98 1,822,666,271.46
payments
Subtotal of cash flow out from operating
2,786,437,819.97 1,876,330,758.93
activity
Net cash flows arising from operating
194,967,029.73 219,285,826.13
activities
II. Net cash flows arising from investment
activities
Cash received from recovery of
investment
31
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Cash received from investment
income
Net cash from disposal of fixed
assets,intangible assets and recovery of 134,060.00
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 investment
134,060.00
activity
Cash paid for purchase/construction of
fixed assets, intangible assets and other 33,684,664.21 12,890,414.26
long term assets
Cash paid for investment
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment related cash
payments
Subtotal of cash flow out from investment
33,684,664.21 12,890,414.26
activity
Net cash flows arising from investment
-33,550,604.21 -12,890,414.26
activities
III. Net cash flows arising from financing
activities
Cash received from absorbing
18,585,600.00
investment
Cash received from loans 570,000,000.00 490,000,000.00
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
588,585,600.00 490,000,000.00
activity
Cash paid for debt repayment 505,000,000.00 542,500,000.00
Cash paid for dividend/profit
104,638,171.74 109,093,581.84
distribution or repayment of interest
Cash paid for other financing activities 39,785,028.98
Sub-total cash flow paid for financing
649,423,200.72 651,593,581.84
activities
Net cash flows arising from financing -60,837,600.72 -161,593,581.84
32
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
activities
IV. Influence of the change of exchange rate
51,655.47 78,893.01
on the cash and cash equivalents
V. Net increase of cash and cash
100,630,480.27 44,880,723.04
equivalents
Plus: Opening balance of cash and
134,970,466.27 128,958,944.43
cash equivalents
VI. Ending balance of cash and cash
235,600,946.54 173,839,667.47
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
II. Note to the Adjustment of the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to the new
standards for financial instruments, the new standards for revenues and the new standards for lease
implemented commencing from year 2019
Consolidated Balance Sheet
In CNY
Items December 31, 2018 January 01, 2019 Amount involved in the adjustment
Current assets:
Monetary capital 164,828,059.97 164,828,059.97
Settlement reserve
Inter-bank lending
Transactional financial
assets
The financial assets
measured at fair values with the
movement recorded in the
current profit and loss
Derivative financial assets
Notes receivable 7,051,846.85 7,051,846.85
Accounts receivable 370,545,656.61 370,545,656.61
Financing with accounts
receivable
Advance payments 13,666,816.33 13,666,816.33
Receivable premium
33
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Other receivables 45,870,582.26 45,870,582.26
Including: Interest
receivable
Dividends
receivable
Redemptory monetary
capital for sale
Inventories 1,782,306,301.70 1,782,306,301.70
Contract assets
Held-for-sale assets
Non-current assets due
within a year
Other current assets 73,703,312.24 73,703,312.24
Total current assets 2,457,972,575.96 2,457,972,575.96
Non-current assets:
Loan issuing and advance
in cash
Equity investment
Available-for-sale financial
85,000.00 -85,000.00
assets
Other equity investment
Held-to-due investments
Long term accounts
receivable
Long-term equity
44,881,063.15 44,881,063.15
investment
Investment in other equity
85,000.00 85,000.00
instruments
Other non-current financial
assets
Investment-oriented real
377,319,433.03 377,319,433.03
estate
Fixed assets 425,649,562.85 425,649,562.85
34
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Construction-in-process 12,041,126.00 12,041,126.00
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 43,545,477.61 43,545,477.61
Development expenses
Goodwill
Long-term expenses to be
128,572,545.15 128,572,545.15
apportioned
Deferred income tax asset 100,675,706.09 100,675,706.09
Other non-current assets 8,949,160.42 8,949,160.42
Total non-current assets 1,141,719,074.30 1,141,719,074.30
Total assets 3,599,691,650.26 3,599,691,650.26
Current liabilities:
Short term borrowings 547,118,452.97 547,118,452.97
Borrowings from central
bank
Loans from other banks
Transactional financial
liabilities
The financial liabilities
measured at fair value with the
movement recorded in the
current profit and loss
Derivative financial
liabilities
Notes payable
Accounts payable 259,913,612.34 259,913,612.34
Advance receipts 16,459,445.00 16,459,445.00
Contract liabilities
Income from sale of the
repurchased financial assets
Deposits taking and
interbank placement
Acting trading securities
Income from securities
35
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
underwriting on commission
Payroll payable to the
69,779,037.83 69,779,037.83
employees
Taxes payable 55,923,171.92 55,923,171.92
Other payables 71,819,930.30 71,819,930.30
Including: interest
772,351.26 772,351.26
payable
Dividends
payable
Service charge and
commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due
347,470.00 347,470.00
within a year
Other current liabilities
Total current liabilities 1,021,361,120.36 1,021,361,120.36
Non-current liabilities:
Reserve for insurance
contract
Long-term borrowings 4,517,110.00 4,517,110.00
Bonds payable
Including: preferred
shares
Perpetual bond
Lease liabilities
Long-term accounts
payable
Long term payroll payable
to the employees
Estimated liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax
liability
Other non-current liabilities
Total non-current liabilities 8,189,965.36 8,189,965.36
Total liabilities 1,029,551,085.72 1,029,551,085.72
36
FIYTA HOLDINGS LTD. 2019 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 1,062,455,644.22 1,062,455,644.22
Less: shares in stock
Other comprehensive
-5,442,139.78 -5,442,139.78
income
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Reserve against general
risks
Retained earnings 851,360,603.66 851,360,603.66
Total owners’ equity attributable
2,570,134,782.90 2,570,134,782.90
to the parent company
Minority shareholders’
5,781.64 5,781.64
equity
Total owner’s equity 2,570,140,564.54 2,570,140,564.54
Total liabilities and owners’
3,599,691,650.26 3,599,691,650.26
equity
Note to the Adjustment
In March 2017, the Ministry of Finance promulgated the Circular on Printing and Issuing the Revised “Accounting
Standards for Enterprises No.22–Recognition and Measurement of Financial Instruments”, the Circular on Printing and
Issuing the Revised “Accounting Standards for Enterprises No.23–Transfer of Financial Assets”, the Circular on Printing
and Issuing the Revised “Accounting Standards for Enterprises No.24–Hedging”; on May 2, 2017, the Ministry of Finance
promulgated the Circular on Printing and Issuing the Revised “Accounting Standards for Enterprises No. 37–Presentation
of Financial Instruments” and on June 15, 2018, Notice by the Ministry of Finance of Revising and Issuing the Format of
2018 Consolidated Financial Statements asked the listed companies of A-shares to implement the updated standards for
financial instruments series and the new format of presentation commencing from January 1, 2019. In accordance with the
requirements of the updated standards for new financial instrument series, the Company adjusted the “available-for-sale
financial assets” to “investment in other equity instruments” based on the business model of the Company's management
of financial assets and the contractual cash flow characteristics of financial assets.
Balance Sheet, Parent Company
In CNY
Items December 31, 2018 January 01, 2019 Amount involved in the adjustment
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Current assets:
Monetary capital 137,175,466.27 137,175,466.27
Transactional financial
assets
The financial assets
measured at fair values with the
movement recorded in the
current profit and loss
Derivative financial assets
Notes receivable
Accounts receivable 737,636.38 737,636.38
Financing with accounts
receivable
Advance payments
Other receivables 870,739,378.37 870,739,378.37
Including: Interest
receivable
Dividends
receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due
within a year
Other current assets 10,081,272.94 10,081,272.94
Total current assets 1,018,733,753.96 1,018,733,753.96
Non-current assets:
Equity investment
Available-for-sale financial
85,000.00 -85,000.00
assets
Other equity investment
Held-to-due investments
Long term accounts
receivable
Long-term equity
1,376,129,654.08 1,376,129,654.08
investment
Investment in other equity 85,000.00 85,000.00
38
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
instruments
Other non-current financial
assets
Investment-oriented real
297,042,937.87 297,042,937.87
estate
Fixed assets 297,517,472.81 297,517,472.81
Construction-in-process 12,041,126.00 12,041,126.00
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 35,337,052.82 35,337,052.82
Development expenses
Goodwill
Long-term expenses to be
4,500,638.97 4,500,638.97
apportioned
Deferred income tax asset 952,857.33 952,857.33
Other non-current assets 4,493,971.35 4,493,971.35
Total non-current assets 2,028,100,711.23 2,028,100,711.23
Total assets 3,046,834,465.19 3,046,834,465.19
Current liabilities:
Short term borrowings 505,000,000.00 505,000,000.00
Transactional financial
liabilities
The financial liabilities
measured at fair value with the
movement recorded in the
current profit and loss
Derivative financial
liabilities
Notes payable
Accounts payable 52,324,191.98 52,324,191.98
Advance receipts 1,636,520.02 1,636,520.02
Contract liabilities
Payroll payable to the
11,589,634.34 11,589,634.34
employees
Taxes payable 943,919.26 943,919.26
39
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Other payables 57,997,397.28 57,997,397.28
Including: interest
685,419.80 685,419.80
payable
Dividends
payable
Held-for-sale liabilities
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 629,491,662.88 629,491,662.88
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: preferred
shares
Perpetual bond
Lease liabilities
Long-term accounts
payable
Long term payroll payable
to the employees
Estimated liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax
liability
Other non-current liabilities
Total non-current liabilities 3,672,855.36 3,672,855.36
Total liabilities 633,164,518.24 633,164,518.24
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
40
FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
Other comprehensive
income
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Retained earnings 683,798,086.83 683,798,086.83
Total owner’s equity 2,413,669,946.95 2,413,669,946.95
Total liabilities and owners’
3,046,834,465.19 3,046,834,465.19
equity
Note to the Adjustment
In March 2017, the Ministry of Finance promulgated the Circular on Printing and Issuing the Revised “Accounting
Standards for Enterprises No.22–Recognition and Measurement of Financial Instruments”, the Circular on Printing and
Issuing th Revised “Accounting Standards for Enterprises No.23–Transfer of Financial Assets”, the Circular on Printing
and Issuing the Revised “Accounting Standards for Enterprises No.24–Hedging”; on May 2, 2017, the Ministry of Finance
promulgated the Circular on Printing and Issuing the Revised “Accounting Standards for Enterprises No. 37–Presentation
of Financial Instruments” and on June 15, 2018, Notice by the Ministry of Finance of Revising and Issuing the Format of
2018 Consolidated Financial Statements asked the listed companies of A-shares to implement the updated standards for
financial instruments series and the new format of presentation commencing from January 1, 2019. In accordance with the
requirements of the updated standards for new financial instrument series, the Company adjusted the “available-for-sale
financial assets” to “investment in other equity instruments” based on the business model of the Company's management
of financial assets and the contractual cash flow characteristics of financial assets.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
1. Consolidated profit statement of the reporting period
Items to be adjusted Amount involved in the adjustment
Add the item of credit impairment loss to the income statement, and During the reporting period, the credit impairment loss amounted to CNY
reclassify part of the impairment loss of assets related to receivables to -5,221,223.17, the asset impairment loss of the previous period was
the credit impairment loss adjusted up by CNY 2,676,174.68 and credit impairment loss was
adjusted down by CNY 2,676,174.68.
2. Consolidated Profit Statement from the beginning to the end of the reporting period
Items to be adjusted Amount involved in the adjustment
Add the item of credit impairment loss to the income statement, and During the reporting period, the credit impairment loss amounted to CNY
reclassify part of the impairment loss of assets related to receivables to -8,302,992.06, the asset impairment loss of the previous period was
the credit impairment loss adjusted down by CNY 2,502,625.73 and credit impairment loss was
adjusted up by CNY 2,502,625.73.
Note: When the Company makes retrospective adjustment of the amount involved in the first implementation of the new
accounting standards and adjusts the comparison data of the previous period, it was necessary to disclose the name and
adjustment amount of the financial statement items involved in the adjustment.
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FIYTA HOLDINGS LTD. 2019 Third Quarterly Report, Full Text
III. Auditor’s Report
Has the third quarterly report been audited
No
42
