FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Stock Code: 000026;200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2023-055
FIYTA Precision Technology Co., Ltd.
2023 Third Quarter Report
The Company and all members of the Board of Directors ensure that the information disclosed is authentic, accurate and
complete, and there are no false records, misleading statements or significant omissions.
Important Notice:
1. 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.
2. The Company leader, the chief financial officer, and the manager of the accounting department (treasurer) hereby
confirm the authenticity, accuracy and completeness of the financial report encl osed in this Quarter Report.
3. Has the Third Quarter Report been audited
No
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
I. Financial Highlights
(I) Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year
No
Year-on-year Increase/decrease from
increase/decrease of the From year beginning to year beginning to the end
Reporting period reporting period the end of the reporting of the reporting period
over the same period of period over the same period of
the previous year the previous year
Revenue in CNY 1,162,738,360.51 -3.26% 3,527,243,623.07 4.19%
Net profit attributable to the
Company’s shareholders, in 78,162,925.58 -12.28% 265,557,992.81 15.56%
CNY
Net profit attributable to the
Company’s shareholders
75,522,620.72 -12.85% 252,875,164.38 16.75%
less the non-recurring
items, in CNY
Net cash flows arising from
— — 479,074,483.11 19.59%
operating activities, in CNY
Basic earning per share
0.1922 -11.54% 0.6439 16.56%
(CNY/share)
Diluted earning per share
0.1922 -11.54% 0.6439 16.56%
(CNY/share)
Return on equity, weighted
2.42% -0.49% 8.22% 0.69%
average
End of the reporting Increase/decrease at the end of the year over the end
End of the previous year
period of the previous year
Total assets (in CNY) 4,197,497,788.32 4,117,143,911.99 1.95%
Owner’s equity attributable
to the Company’s 3,274,196,663.98 3,136,423,492.15 4.39%
shareholders, in CNY
(II) Non-recurring gain/loss items and the amounts involved
In CNY
Amount from year beginning to
Items Amount in the reporting period Note
the end of the reporting period
Gain/loss from disposal of non-
current assets, including the part
969,110.80 892,421.07
written-off with the provision for
impairment of assets.
The government subsidies
included in the profits and losses
of the current period ( (excluding
government grants which are
1,457,981.29 8,149,590.70
closely related to the Company’s
normal business and conform
with the national standard
amount or quantity)
Reversal of provision for
1,201,989.51 7,156,730.50
impairment of accounts
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
receivable that has been
separately tested for impairment
Other non-operating income and
expenses with the aforesaid -292,827.55 12,095.10
items exclusive
Less: Amount affected by the
695,949.19 3,528,008.94
income tax
Total 2,640,304.84 12,682,828.43 --
Specific conditions of other gains and losses in compliance with the definition of non -recurring gains and losses:
Inapplicable
Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public as recurring gains and losses
Inapplicable
(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes
1. Items of Consolidated Balance Sheet
End of the reporting End of the prev ious Percentage of
Items Cause of the change
period year change
Accounts receivable 404,973,707.73 305,290,959.68 32.65%Mainly due to growth of the revenue.
Mainly due to the decrease of the advance receipt of the
Advance receipts 9,122,587.88 16,960,128.83 -46.21%
rent from the property lease business.
Lease liabilities 28,628,851.49 41,642,561.58 -31.25%Mainly due to the impact of optimizing store structure.
Other
Mainly due to movement of the translation balance of
comprehensive 13,533,438.96 5,739,589.89 135.79%
foreign currency statements
income
2. Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting period
The reporting Same period of the Percentage of
Items Cause of the change
period prev ious year change
Mainly due to decrease in loan interest and interest on
Interest expenses 9,642,227.49 14,492,935.33 -33.47%
amortization of lease liabilities
Interest income 4,131,111.69 3,019,703.55 36.81%Mainly due increase of deposit interest.
Other income 8,149,590.70 15,909,068.98 -48.77%Mainly due to the decrease of government subsidies.
Return on
-1,697,481.65 2,462,626.52 -168.93%Mainly due to decrease of profit of the associates.
investment
3.Cash flow statement items from the beginning of the year to the end of the reporting period
The reporting Same period of Percentage of
Items Cause of the change
period the prev ious year change
Mainly due to the bigger amount of VAT retention
Rebated taxes received 1,273,051.27 4,693,824.88 -72.88%refunds received during the previous period.
Cash received from investment Mainly due to the dividends received from the
500,000.00 0.00 -
income associates during the reporting period.
Net cash received from disposal of Mainly due to the disposal of some properties during
fixed assets, intangible assets and 1,203,099.10 187,785.69 540.68%
the reporting period.
other long-term assets
Cash paid for purchase/construction Mainly due to decrease in expenditure for store
of fixed assets, Intangible assets 58,184,503.58 91,211,685.29 -36.21%
refurbishment and improvement.
and other long term assets
II. Information of the Shareholders
(I) Total number of the common shareholders and preference shareholders whose voting rights are restored
and shares held by the top 10 shareholders
In shares
Total common shareholders at the end of the Total preference shareholders with the voting power
28,003 0
reporting period recovered at the end of the reporting period (if any)
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Shareholding by top 10 shareholders
Shareholdi Number of the Pledging, marking or freezing
Nature of the Number of
Names of the Shareholders ng restricted shares Status of the
shareholder shares held Quantity
proportion held shares
AVIC International Holding State
39.25% 162,977,327 0
Limited corporate
Domestic
# Wu Jilin natural 4.50% 18,673,803 0
person
Domestic
# Xu Guoliang natural 1.80% 7,455,068 0
person
Domestic
Qiu Hong natural 0.59% 2,470,000 0
person
Industrial and Commercial
Bank of China LTD -
Rongtong Power Pioneer Others 0.38% 1,570,634 0
Hybrid Securities Investment
Fund
Domestic
# Qu Yongjie natural 0.31% 1,266,800 0
person
Industrial and Commercial
Bank of China - Rongtong
Others 0.30% 1,228,200 0
Blue Chip Growth Securities
Investment Fund
Domestic
#Zhu Rui natural 0.29% 1,201,400 0
person
China Construction Bank
Co., Ltd. - China Universal
Asset CSI GUOXIN
CENTRAL-SOES Others 0.27% 1,125,000 0
SHAREHOLDER RETURN
INDEX EXCHANGE
TRADED FUND
Domestic
Chen Hao natural 0.27% 1,101,643 0
person
Shares held by top 10 shareholders of unrestricted shares
Types and quantity of shares
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
# Wu Jilin 18,673,803 18,673,803
shares
CNY ordinary
# Xu Guoliang 7,455,068 7,455,068
shares
CNY ordinary
Qiu Hong 2,470,000 2,470,000
shares
Industrial and Commercial Bank of China LTD
CNY ordinary
- Rongtong Power Pioneer Hybrid Securities 1,570,634 1,570,634
shares
Investment Fund
CNY ordinary
# Qu Yongjie 1,266,800 1,266,800
shares
Industrial and Commercial Bank of China - 1,228,200 CNY ordinary 1,228,200
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Rongtong Blue Chip Growth Securities shares
Investment Fund
CNY ordinary
#Zhu Rui 1,201,400 1,201,400
shares
China Construction Bank Co., Ltd. - China
Universal Asset CSI GUOXIN CENTRAL- CNY ordinary
1,125,000 1,125,000
SOES SHAREHOLDER RETURN INDEX shares
EXCHANGE TRADED FUND
CNY ordinary
Chen Hao 1,101,643 1,101,643
shares
Explanation on associated relationship or consistent action The Company has no idea on whether the above 10 shareholders are
of the above shareholders associated or are acting in concert.
1. In addition to the 11,060,677 shares held through the ordinary securities
account, Wu Jilin, one of the shareholders of the Company, also holds
7,613,126 shares through the client credit transaction guarantee securities
account of China CICC Wealth Securities Co., Ltd. Therefore, Wu Jilin is
totally holding 18,673,803 shares;
2. In addition to the 6,853,168 shares held through the ordinary securities
account, Xu Guoliang, one of the shareholders of the Company, also holds
601,900 shares through the client credit transaction guarantee securities
account of Guosen Securities Co., Ltd. Therefore, Xu Guoliang is totally
holding 7,455,068 shares;
Note to the top 10 shareholders involved in margin financing
& securities lending (if any)
3. In addition to the 22,800 shares held through the ordinary securities
account, Qu Yongjie, one of the shareholders of the Company, also holds
1,244,000 shares through the client credit transaction guarantee securities
account of Shanxi Securities Co., Ltd. Therefore, Qu Yongjie is totally holding
1,266,800 shares;
4. In addition to the 62,000 shares held through the ordinary securities
account, Zhu Rui, one of the shareholders of the Company, also holds
1,139,400 shares through the client credit transaction guarantee securities
account of First Capital Securities Co., Ltd. Therefore, Zhu Rui is totally
holding 1,201,400 shares;
Note: The number of ordinary shares held in the Special Repurchase Securities Account of FIYTA Precision
Technology Co., Ltd." at the end of the reporting period being 7,220,794 shares with the holding proportion of 1.74%
was mainly due to that the Company was in process of implementing repurchase of B-shares. According to regulations,
the above-mentioned repurchase special accounts were not included in the list of the top 10 shareholders.
(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders
Inapplicable
III. Other Significant Events
1. About Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)
The Company’s 11th Session of the Tenth Board of Directors and 2022 Annual General Meeting reviewed and
approved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B - Shares), and subsequently
disclosed the repurchase report and series of progress announcements in accordance with relevant regulations. For
the detail, please refer to the relevant announcements disclosed on www.cninfo.com.
Ended the reporting period, the Company accumulatively repurchased 7,220,794 shares in the Company through a
centralized bidding method with the special account for the securities repurchased , accounting for 1.74% of the
Company’s total share capital and the total amount already paid was HK$ 54,334,372.72 (with the transaction costs
exclusive).
2. About capital increase to wholly-owned subsidiaries
The 14th Session of the Tenth Board of Directors reviewed and approved the Proposal on Increasing Capital to
Shenzhen FIYTA Precision Technology Co., Ltd., one of the Company’s wholly-owned subsidiaries, and decided to
increase capital to Shenzhen FIYTA Precision Technology Co., Ltd., one of the Company's wholly-owned subsidiaries ,
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
with its own capital of CNY 80 million. Upon the completion of the said capital increase, the registered capital of
Shenzhen FIYTA Precision Technology Co., Ltd. shall increase from CNY 100 million to CNY 180 millio n. For the
detail, please refer to the Announcement on Increasing Capital to Shenzhen FIYTA Precision Technology Co., Ltd.,
One of the Company's Wholly-owned Subsidiaries 2023-047, disclosed on www.cninfo.com.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
September 30, 2023
In CNY
Items September 30, 2023 January 01, 2023
Current assets:
Monetary capital 482,422,435.72 313,747,463.64
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable 23,472,742.66 32,214,912.10
Accounts receivable 404,973,707.73 305,290,959.68
Financing with accounts receivable
Advance payment 9,083,624.21 8,039,794.97
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 57,040,950.19 56,918,019.48
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 2,070,701,288.37 2,141,320,373.67
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 46,931,371.66 66,339,505.32
Total current assets 3,094,626,120.54 2,923,871,028.86
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other debt investment
Long term accounts receivable
Long-term equity investments 55,984,605.25 58,182,086.90
Investment in other equity instruments 85,000.00
Other non-current financial assets
Investment-oriented real estate 363,220,630.48 374,979,494.71
Fixed assets 351,535,645.24 364,628,765.17
Construction-in-progress
Productive biological asset
Oil and Gas Assets
Use right assets 82,771,853.97 110,330,512.03
Intangible assets 30,926,207.84 33,200,218.63
Development expenses
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Goodwill
Long term expenses to be apportioned 119,019,393.51 144,488,452.18
Deferred income tax asset 87,511,678.24 95,784,611.94
Other non-current assets 11,901,653.25 11,593,741.57
Total non-current assets 1,102,871,667.78 1,193,272,883.13
Total assets 4,197,497,788.32 4,117,143,911.99
Current liabilities:
Short term borrowings 300,206,111.10 290,237,111.11
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
Derivative financial liabilities
Notes payable 2,000,600.00
Accounts payable 178,005,602.47 170,589,456.67
Advance receipts 9,122,587.88 16,960,128.83
Contract liabilities 16,787,687.71 16,844,437.47
Money 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 118,697,005.18 136,587,939.38
Taxes payable 76,159,952.50 60,770,168.30
Other payables 132,599,205.40 165,060,122.58
Including: interest payable
Dividends payable 2,844,769.10 6,324,013.97
Service charge and commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year 54,712,870.77 71,546,316.16
Other current liabilities 1,931,115.15 1,686,806.01
Total current liabilities 888,222,138.16 932,283,086.51
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities 28,628,851.49 41,642,561.58
Long-term accounts payable
Long term payroll payable to employees
Estimated liabilities
Deferred income 1,295,926.80 1,295,926.80
Deferred income tax liability 5,154,207.89 5,498,844.95
Other non-current liabilities
Total non-current liabilities 35,078,986.18 48,437,333.33
Total liabilities 923,301,124.34 980,720,419.84
Owner’s equity:
Capital stock 415,266,730.00 417,627,960.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserve 989,904,948.43 1,007,086,643.48
Less: shares in stock 63,518,260.02 50,759,806.16
Other comprehensive income 13,533,438.96 5,739,589.89
Special reserve 2,892,545.77 2,012,064.91
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Surplus reserve 275,010,401.50 275,010,401.50
Reserve against general risks
Retained earnings 1,641,106,859.34 1,479,706,638.53
Total owners’ equity attributable to the parent
3,274,196,663.98 3,136,423,492.15
company
Minority shareholders’ equity
Total owner’s equity 3,274,196,663.98 3,136,423,492.15
Total liabilities and owners’ equity 4,197,497,788.32 4,117,143,911.99
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming
Person in charge of the Accounting Department: Tian Hui
2. Consolidation of the profit statement from the beginning of the year to the end of the reporting period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 3,527,243,623.07 3,385,434,370.84
Including: operating income 3,527,243,623.07 3,385,434,370.84
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 3,193,712,123.89 3,110,090,692.73
Including: Operating costs 2,256,476,548.22 2,138,260,571.41
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Provision of reserve for insurance
liabilities, net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 25,345,712.61 22,677,261.49
Sales costs 691,195,217.89 717,796,063.69
Administrative expenses 160,446,439.91 175,560,079.27
R & D expenditures 43,344,236.22 36,809,093.83
Financial expenses 16,903,969.04 18,987,623.04
Where: Interest cost 9,642,227.49 14,492,935.33
Interest income 4,131,111.69 3,019,703.55
Plus: Other income 8,149,590.70 15,909,068.98
Investment income (loss is stated with
-1,697,481.65 2,462,626.52
“-”)
Including: return on investment in
-1,697,481.65 2,462,626.52
associate and joint venture
Gain from the
derecognition of the financial assets
measured at amortised cost
Exchange income (loss stated with “-
“)
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Net exposure hedge income (loss
stated with “-“)
Income from change of fair value (loss
is stated with “-”)
Loss from impairment of credit (loss is
4,685,503.40 389,469.67
stated with “-”)
Loss from impairment of assets (loss
-348,218.69
is stated with “-”)
Income from disposal of assets (loss
892,421.07 -1,122,656.31
is stated with “-“)
III. Operating Profit (loss is stated with “-“) 345,561,532.70 292,633,968.28
Plus: Non-operating income 663,757.42 270,660.63
Less: Non-operating expenses 651,662.32 765,159.53
IV. Total profit (total loss is stated with “-”) 345,573,627.80 292,139,469.38
Less: Income tax expense 80,015,634.99 62,338,094.92
V. Net Profit (net loss is stated with “-“) 265,557,992.81 229,801,374.46
(I) Classification based on operation
sustainability
1. Net Profit from sustainable operation
265,557,992.81 229,801,374.46
(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
company’s shareholder (net loss is stated 265,557,992.81 229,801,374.46
with “-”)
2. Minority shareholders’ gain/loss (net
loss is stated with “-”)
VI. Net of other comprehensive income after
7,793,849.07 6,092,413.94
tax
Net of other comprehensive income after
tax attributable to the parent company’s 7,793,849.07 6,092,413.94
owner
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Remeasurement of the change
amount in the defined benefit 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
7,793,849.07 6,092,413.94
shall be re-classified into gain and loss
1. Other comprehensive income
which may be converted into gain and loss
based on the equity method
2. Movement of the fair value of other
creditor’s debt investment
3. Amount of the reclassified financial
assets counted to the other comprehensive
income
4. Provision for impairment of the
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
credit of the other creditor's right investment
5. Reserve for cash flow hedge
6. Conversion difference in foreign
7,793,849.07 6,092,413.94
currency statements
7. Others
Net amount of other comprehensive
income after tax attributable to minority
shareholders
VII. Total comprehensive income 273,351,841.88 235,893,788.40
(I) Total comprehensive income
273,351,841.88 235,893,788.40
attributable to the parent company’s owner
(II) Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.6439 0.5524
(II) Diluted earnings per share 0.6439 0.5524
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming
Person in charge of the Accounting Department: Tian Hui
3. Consolidation of the cash flow statement from the beginning of the year 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 and
3,812,300,160.43 3,761,732,293.60
supply of services
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
Net cash received from securities trading
on commission
Rebated taxes received 1,273,051.27 4,693,824.88
Other operation activity related cash
52,079,384.91 59,781,844.08
receipts
Subtotal of cash flow in from operating
3,865,652,596.61 3,826,207,962.56
activity
Cash paid for purchase of goods and
2,412,313,846.34 2,468,862,583.75
reception of labor services
Net increase of loans and advances to
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
customers
Net increase of due from central bank and
due from other 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 481,935,681.22 520,794,341.67
Taxes paid 206,597,758.05 194,878,556.60
Other business activity related cash
285,730,827.89 241,090,876.76
payments
Subtotal of cash flow out from operating
3,386,578,113.50 3,425,626,358.78
activity
Net cash flows arising from operating
479,074,483.11 400,581,603.78
activities
II. Cash flow arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment income 500,000.00
Net cash received from disposal of fixed
assets, intangible assets and other long-term 1,203,099.10 187,785.69
assets
Net cash received from disposal of
subsidiaries and other operating units
Other investment activity related cash
receipts
Subtotal of cash flow in from investment
1,703,099.10 187,785.69
activity
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 58,184,503.58 91,211,685.29
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 activity related cash
payments
Subtotal of cash flow out from investment
58,184,503.58 91,211,685.29
activity
Net cash flow arising from investment
-56,481,404.48 -91,023,899.60
activities:
III. Cash flow 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 250,000,000.00 745,155,704.29
Other financing activity related cash
receipts
Subtotal of cash flow in from fund raising
250,000,000.00 745,155,704.29
activity
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FIYTA Precision Technology Co., Ltd. 2023 Third Quarter Report
Cash paid for debt repayment 240,000,000.00 690,177,286.25
Cash paid for dividend/profit distribution or
112,333,808.97 131,974,784.46
repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Other financing activity related cash
151,416,099.18 146,380,933.69
payments
Sub-total cash flow paid for financing
503,749,908.15 968,533,004.40
activities
Net cash flow arising from fund-raising
-253,749,908.15 -223,377,300.11
activities
IV. Change of exchange rate influencing the
-159,124.40 1,783,340.30
cash and cash equivalent
V. Net increase of cash and cash equivalents 168,684,046.08 87,963,744.37
Plus: Opening balance of cash and cash
313,738,389.64 210,254,737.14
equivalents
VI. Ending balance of cash and cash
482,422,435.72 298,218,481.51
equivalents
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming
Person in charge of the Accounting Department: Tian Hui
(II) The Company started implementing the updated accounting standards commencing from 2023 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the initial
implementation of the said standards
Inapplicable
(III) Auditor’s Report
Has the Third Quarter Report been audited
No
The Board of Directors of
FIYTA Precision Technology Co., Ltd.
October 21, 2023
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