FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Stock Code: 000026 200026 Short Form of Stock: FIYTA A, FIYTA B Announcement No: 2016-038
FIYTA Holdings Ltd.
2016 Third Quarterly Report, Text
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Section 1 Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby
individually and collectively accept responsibility for the correctness, accuracy and completeness of the
contents of this Quarterly Report and confirm that there are neither material omissions nor errors which
would render any statement misleading.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr. Xu Dongsheng, the Company leader, Mr. Chen Zhuo, chief financial officer, and Mr. Tian Hui, the
manager of the accounting department (treasurer) hereby confirm the authenticity, accuracy and
completeness of the financial report enclosed in this Quarterly Report.
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Section 2 Financial Summary and Change of Shareholders
I. Key Accounting Data and Financial Indicators
Have the accounting data of the previous year undergone retroactive adjustment or restatement due to the change of
accounting policy and/or correction of accounting errors, etc.?
No
Increase/decrease of the
End of the reporting end of the Reporting
End of the previous year
period Period vs the end of the
previous year
Total assets, in CNY 3,990,719,087.18 4,246,670,045.02 -6.03%
Net assets attributable to the
Company’s shareholders, in
2,372,769,004.61 2,299,215,650.21 3.20%
CNY
Increase/decrease Increase/decrease
from year
of the Reporting of the reporting
beginning to the
Reporting period Period vs the period vs the same
end of the
same period of the period of the
Reporting Period
previous year previous year (%)
Operating revenue, in CNY 754,607,535.18 -3.76% 2,234,135,318.36 -9.47%
Net profit attributable to the
Company’s shareholders, in 47,988,842.36 43.23% 108,321,268.16 1.60%
CNY
Net profit attributable to the
Company’s shareholders less
47,744,294.43 52.19% 107,356,110.63 3.90%
the non-recurring items, in
CNY
Net cash flows arising from
-- -- 291,041,032.07 12.27%
operating activities, in CNY
Basic earning per share
0.1090 27.78% 0.2469 -9.03%
(CNY/share)
Diluted earning per share
0.1090 27.78% 0.2469 -9.03%
(CNY/share)
Net assets-income ratio,
0.02% 3.18% 0.05% -26.97%
weighted average
In CNY
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
From year beginning to
Items the end of the reporting Notes
period
Gain/Loss from disposal of
Gain and loss from disposal of non-current assets,
partial obsolete office fixed
including the part offset with the provision for impairment -227,443.75
assets in the reporting
of assets
period
Government subsidy recognized in current gain and loss
Government subsidy
(excluding those closely related to the Company’s
1,296,015.95 counted to the current gain
business and granted under the state’s policies according
and loss
to certain quota of amount or volume)
Income and expenses from the business other than the Other various non-operating
150,960.07
above items revenue and expenditure
Less: Amount affected by the income tax 254,374.74
Total 965,157.53 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring
gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
their Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it
is necessary to explain the reason.
Inapplicable
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the
Reporting Period
1. Statement of Total Shareholders of Common Shares and the Referred Shares with the Voting
Power Recovered and the Shares Held by Top Ten Shareholders
In shares
Total shareholders of
Total shareholders of common
preferred shares with
shares at the end of the 38,418 0
voting power recovered
reporting period
(if any)
Shares held by the Top Ten Common Shareholders
Number of Pledged or frozen
Shareholders’ Nature of Proportion of Number of
restricted Status of the
Names Shareholders shares held shares held Q’ty
shares held shares
AVIC
State corporate
International 37.15% 162,977,327 0
shareholder
Holdings Limited
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Golden
Eagle-Minsheng
Bank-Golden
Domestic
Eagle-Wens –
non-state
Junye Flexible 2.08% 9,131,232 4,674,329
corporate
Configuration
shareholder
No. 3 Assets
Management
Plan
Manulife Teda
Fund –
Minsheng Bank -
Manulife Teda
Domestic
Value Growth
non-state
Oriented 2.07% 9,093,259 9,093,259
corporate
additional
shareholder
issuance No.
351 Asset
Management
Plan
Sws Mu
Assets-China
Merchants Bank
– China Domestic
Resources Szitic non-state
1.92% 8,429,118 8,429,118
Trust – Ruihua corporate
Fixed Growth shareholder
Hedge Fund No.
2 Assembled
Funds Trust Plan
Tibet
Autonomous
State corporate
Region 1.13% 4,976,551 4,976,551
shareholder
Investment Co.,
Ltd.
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Manulife Teda
Fund – ICBC –
Manulife Teda
Domestic
International
non-state
Trade Orient 1.04% 4,546,630 4,546,630
corporate
Dingzengbao
shareholder
No. 1 Assets
Management
Plan
Domestic natural
Dai Wen 0.46% 2,009,321 0
person
Essence
International Overseas
0.46% 2,000,000 0
Securities (Hong corporate
Kong) Limited
Manulife Teda
Domestic
Fund – ICBC
non-state
–FORTUNE 0.38% 1,667,097 1,667,097
corporate
Securities Co.,
shareholder
Ltd.
China Merchants
Overseas
Securities (HK) 0.30% 1,316,969 0
corporate
Co., Limited
Shareholding of the Top 10 Shareholders of Non-restricted Shares
Quantity of Non-restricted Shares Held Share type
Shareholder’s Name
Share type Quantity
AVIC International Holdings Limited 162,977,327 A-shares 162,977,327
Golden Eagle-Minsheng
Bank-Golden Eagle-Wens – Junye
4,456,903 A-shares 4,456,903
Flexible Configuration No. 3 Assets
Management Plan
Dai Wen 2,009,321 A-shares 2,009,321
Essence International Securities
2,000,000 B-shares 2,000,000
(Hong Kong) Limited
China Merchants Securities (HK) Co.,
1,316,969 B-shares 1,316,969
Limited
Vanguard Investment Australia Ltd.
-Vanguard Emerging Markets Stock 1,190,485 A-shares 1,190,485
Index Fund (VEIEX)
Li Zengjie 1,181,800 A-shares 1,181,800
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
China Merchants Securities 1,174,000 A-shares 1,174,000
Liu Caixiang 1,135,200 A-shares 1,135,200
Hu Yongtian 891,400 A-shares 891,400
Among the top 10 shareholders, China Merchants Securities (HK) Co., Limited is a
Note to the associated relationship or
wholly-owned subsidiary of China Merchants Securities Co., Limited and the two
consistent action among the aforesaid
are persons acting in concert, and all the 2,490,969 shares held by them are
shareholders
outstanding shares, taking 0.57% of the Company’s total shares.
Note to the top 10 shareholders of
common shares involved in margin Inapplicable
financing & securities lending (if any)
Was any of the top 10 shareholders of commons shares or any of the top 10 shareholders of non-restricted commons
shares involved in any contractual repurchase trade?
No.
2. Total shareholders of preferred shares and statement of shareholding by the top 10
shareholders of preferred shares
Inapplicable
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Section 3 Significant Events
I. Changes in Items of the Major Accounting Statements and Financial Indicators and
the Causes during the Reporting Period
I. Items in Balance Sheet
Opening Change rate
Items Ending balance Cause of Change
balance (%)
It mainly refers to that the notes
receivable were due at the beginning of
Notes receivable 4,812,452.93 7,197,788.08 -33.14%
the year and the payment concerned
was recovered.
It mainly refers to that the partial
Prepayments 34,068,040.16 48,869,563.60 -30.29% advance payment for goods got settled
ended the reporting period.
Ended the reporting period, the advance
Other non-current assets 13,347,286.42 5,118,833.65 160.75% payment for long term assets increased
in comparision with year beginning
Trad accounts payable during the
Accounts payable 63,383,403.37 155,939,686.54 -59.35% reporting period decreased over the
beginning of the year.
It mainly referred to that the year-end
Remuneration payable to the
25,719,412.15 39,396,747.95 -34.72% bonus payable to employees for year
employees
2015 was paid at the beginning of 2016.
It mainly refers to the interest of “12
YADA BOND” for year 2015 payable at
Interest payable 1,435,529.64 19,211,630.02 -92.53%
the beginning of the year was already
paid at the beginning of 2016.
The long term bank loan due within a
Non-current liabilities due
17,210,000.00 108,914,000.00 -84.20% year increased over the beginning of the
within a year
year.
Expenses provided at the end of the
Other current liabilities 10,431,342.62 1,988,252.38 424.65% reporting period increased over the
beginning of the reporting period.
Specific project loan for Guangming
New Zone Watch Industrial Base during
Long term borrowings 90,994,964.33 38.29%
125,838,844.52 the reporting period increased over the
beginning of the year.
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
“12 YADA Bond” was redeemed on
Bonds payable - 399,823,760.28 -100.00%
February 29, 2016
The translation reserve as at the end of
Other comprehensive income -8,038,615.37 -17,145,189.71 -53.11% the reporting period increased over the
beginning of the reporting period.
II. Items in Profit Statement
Same Period of
Reporting Change rate
Items the Previous Cause of Change
period (%)
Year
Reserve for bad debt of accounts
Loss from impairment of receivable provided during the reporting
1,909,350.83 797,169.61 139.52%
assets period increased over the same period
of the previous year.
The government subsidy received
during the reporting period decreased
Non-operating income 442,044.51 2,842,638.40 -84.45%
over the same period of the previous
year.
Loss from scrapped non-current assets
during the reporting period increased
Non-operating expenses 95,903.50 33,411.19 187.04%
over the same period of the previous
year.
The gross interest rate increased
stimulated by downsizing inefficient
shops, strict control over expenditures,
Total profit 63,596,712.02 43,982,574.31 44.60%
adjustment of income structure, etc. and
the overall earning power increased to
some extent.
It was mainly due to increase of the total
Income tax expenses 15,748,647.67 10,202,545.06 54.36%
profit during the reporting period.
III. Cash Flow Statement Items
From year
beginning to the Same Period of
Change rate
Items end of the the Previous Cause of Change
(%)
Reporting Year
Period
Net amount of cash received
It mainly refers to disposal of partial
from disposal of fixed assets,
4,142,748.05 196,417.11 2009.16% inefficient fixed assets during the
intangible assets and other
reporting period
long term assets
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Bank loan during the reporting period
Cash received from
1,560,609,499.9 -44.52% decreased over the same period of the
borrowings 865,749,959.13
0 previous year.
It mainly refers to the borrowing
Other fund-raising related returned to AVIC International Holdings
992,669.19 151,274,743.60 -99.34%
cash payments amounting to CNY 150 million in the
same period of the previous year.
II. Progress of Significant Events and their Influences and Notes to Analysis on
Solutions
1. About Non-public Issuing of A-shares
The 18th meeting of the Seventh Board of Directors held on April 16, 2015 reviewed and approved the Proposal on the
Plan for Non-public Issuing of A-shares to the Specified Investors and other relevant proposal(s). For the detail, refer to
the Announcement on the Resolutions of the 18th Meeting of the Seventh Board of Directors. 2015-008;
On June 2, 2015,the Company received the Official Reply to some Issues concerning Non-public Issuing of A-shares by
FIYTA Holdings Ltd. (GUO ZI CHAN QUAN [2015] No. 415 from the State-owned Assets Supervision and Administration
Commission of the State Council. For the detail, refer to the Announcement on the Official Reply of the State-owned
Assets Supervision and Administration Commission of the State Council to some Issues concerning Non-public Issuing
2015-08 disclosed on Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
2014 Annual General Meeting held on June 17, 2015 reviewed and approved the Proposal on the Plan for Non-public
Issuing of A-shares to the Specified Investors and other relevant proposals, for the detail, refer to the Announcement on
the Resolution of 2014 Annual General Meeting 2015-020 disclosed on Securities Times, Hong Kong Commercial Daily
and www.cninfo.com.cn.
On July 1, 2015, the Company received the Notice of China Securities Regulatory Commission on Accepting the
Application for Administrative Licensing issued by China Securities Regulatory Commission (CSRC) (No. 152013). For
the detail, refer to the Announcement on Accepting Application for Non-public Issuing of A-shares by China Securities
Regulatory Commission 2015-021 disclosed on Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn;
On September 8, 2015, the Company received the Notice on the Feedback Opinions of China Securities Regulatory
Commission on Examination of the Administrative Licensing Project (No. 152013). For the detail, refer to the
Announcement on the Receiving of the Notice on the Feedback Opinions of China Securities Regulatory Commission on
Examination of the Administrative Licensing Project 2015-034 disclosed on Securities Times, Hong Kong Commercial
Daily and www.cninfo.com.cn;
The Company and the relevant intermediary carefully studied and implemented the Feedback Opinions, supplemented
the materials and submitted reply to the questions according to the requirements of the Feedback Opinions. For the detail,
refer to the Announcement on the Reply to the Feedback Opinions on the Application for Non-public Issuing of A-shares
2015-035, disclosed on Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn;
The 17th meeting of the Seventh Board of Directors and 2014 Annual General Meeting reviewed and approved the Profit
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Distribution Plan for Year 2014. According to the relevant provisions of the Rules for Implementation on Non-public
Issuing of Listed Companies, etc., if the Company had ex-rights/ex-dividend events such as dividend distribution, bonus
shares distribution, conversion of capital reserve into share capital, etc., during the period from the pricing benchmark to
the issuing day, the issuing price would be adjusted correspondingly. Within the authorization by the Board of Directors,
the Company made adjustment of the plan of the non-public issuing of A-shares. For the detail, refer to the
Announcement on Adjustment of the Issuing Price and Issuing Volume of the A-shares to be Issued in a Non-public Way
2015-036, disclosed on Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn.
In compliance with the Feedback Opinions, the Company disclosed the Announcement on the Indication of Risk of
Diluting the Immediate Returns from the Non-public Issuing and the Measures the Company Intends to Take 2015-037
and the Announcement on the Penalty Given or Supervision Measures Taken by the Securities Regulatory Authority and
the Stock Exchange in the Past Five Years 2015-038;
On October 30, 2015, the application for non-public issuing of A-shares was approved by CSRC Securities Issuance
Examination Committee. For the detail, refer to the Announcement on Approval of the Application for Non-public Issuing
of A-shares by CSRC Securities Issuance Examination Committee, 2015-042;
On November 17, 2015, the Company received the Official Reply to FIYTA Holdings Ltd. for Approval of Non-public
Issuing of Shares of (ZHENG JIAN XU KE [2015]No. 2588). For the detail, refer to the Announcement on Approval of the
Application for Non-public Issuing of A-shares by China Securities Regulatory Commission 2015-043;
On January 15, 2016, the Company’s A-shares issued in a non-public way got listed with Shenzhen Stock Exchange and
the Company published the announcement for listing and the announcement on the related commitments. For the detail,
refer to the Report on the Non-public Issuing and Announcement on Listing 2016-003 and the Announcement on the
Commitments for the Shares Issued in a Non-public Way 2016-004.
2. Engagement of CPAs
The 11th meeting of the Eighth Board of Directors held on October 25, 2016 reviewed and approved the Proposal on
Engagement of CPAs, and planned to engage Ruihua Certified Public Accountants LLP as the Company’s independent
auditor and auditor of the Company’s internal controls for year 2016. For the detail, refer to the Announcement on the
Resolutions of the 11th Meeting of the Eighth Board of Directors 2016-036 and the Announcement on Engagement of the
CPAs 2016-037. The matter is subject to review and approval by the General Meeting before implementation.
Website where the provisional
Summary of Significant Events Date of Disclosure
reports are disclosed for inquiry index
Report on the Non-public Issuing and
January 14, 2016 www.cninfo.com.cn
Announcement on Listing 2016-003
Announcement on the Commitments
for the Shares Issued in a Non-public January 14, 2016 www.cninfo.com.cn
Way 2016-004
Announcement on the Resolution of
the 11th Meeting of the Eighth Board October 27, 2016 www.cninfo.com.cn
of Directors 2016-036
Announcement on Engagement of October 27, 2016 www.cninfo.com.cn
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
the CPAs 2016-037
III. Commitments Completed in Implementation by the Company, its Shareholders, Actual
Controller, Acquirer, Directors, Directors, Senior Executives or other Related Parties during the
Reporting Period or Uncompleted in Implementation by the End of the Reporting Period
Commitment Time of Commitment Implementati
Commitments Promisers Description
type commitment deadline on status
Commitment for Equity Separation
Reform
Commitments in the acquisition report
or the written report on change of
equity
Commitment made at the time of asset
reorganization
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
Commitment
of the
investors of
the
non-public
issuing -
Caitong Fund
Management
Co., Ltd.,
Caitong
Fund Manag MANULIFE
ement Co., TEDA Fund
Management
Ltd.;
Co, Ltd.,
MANULIFE
Xizang
TEDA Fund
Investment
Management
Co., Ltd.,
Co, Ltd.;
Comitmentfor Golden Eagle In process
Xizang Invest
Commitment made at IPO or restriction Asset January 15, of
ment Co., 1 year
re-financing on sales of Management 2016 implementa
Ltd.;
the shares Co.,Ltd., Sws tion
Golden Eagle
Mu Fund
Asset Manag
Management
ement Co.,Lt
Co., Ltd: the
d.; Sws Mu
shares
Fund
subscribed
Management
by them from
Co., Ltd
the
non-public
issuing shall
not be
transferred in
12 months
commencing
from the
dater of
listing.
Equity incentive comitment
Other commitments to the minority
shareholders
Has the commitment been
Yes
implemented in a timely way?
In case any commitment has not yet
Inapplicable
been implemented within the deadline,
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FIYTA HOLDINGS LTD. 2016 THIRD QUARTERLY REPORT, TEXT
state in detail the specific cause of the
failure and the future working plan
IV. Prediction of the Operation Results of Year 2016
Inapplicable
V. Investment in Securities
Inapplicable
VI. Investment in Derivatives
Inapplicable
VII. Registry of such Activities as Reception of the Visitors of Research,
Communications, Interview, etc. during the Reporting Period
Inapplicable
VIII. Outward Guarantee against the Regulations
Inapplicable
IX. The Company’s Fund Occupied by its Controlling Shareholder or Related Party
for Non-operation Purpose
Inapplicable
Board of Directors of
FIYTA Holdings Ltd.
October 27, 2016
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