FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
FIYTA HOLDINGS LTD.
2016 3rd Quarterly Report
October, 2016
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full 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 3rd Quarterly Report, Full 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 3rd Quarterly Report, Full 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 3rd Quarterly Report, Full 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 3rd Quarterly Report, Full 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 –
non-state
ICBC –FORTUN 0.38% 1,667,097 1,667,097
corporate
E 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 3rd Quarterly Report, Full 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 3rd Quarterly Report, Full 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
Long term borrowings 90,994,964.33 38.29% New Zone Watch Industrial Base during
125,838,844.52
the reporting period increased over the
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
beginning of the year.
“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
4,142,748.05 196,417.11 2009.16%
from disposal of fixed assets, inefficient fixed assets during the
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
intangible assets and other reporting period
long term assets
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
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
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
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
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
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
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 3rd Quarterly Report, Full Text
Commitment
of the
investors of
the
non-public
issuing -
Caitong Fund
Management
Co., Ltd.,
Caitong
MANULIFE
Fund Manag
TEDA Fund
ement Co.,
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 3rd Quarterly Report, Full 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
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by Fiyta Holdings Ltd.
September 30, 2016
In CNY
Items Ending balance Opening balance
Current assets:
Monetary funds 478,024,625.22 638,962,875.93
Settlement Reserve
Inter-bank lending
Financial assets which were
measured based on the fair value
and its change was counted to the
current gain and loss
Derivative financial assets
Notes receivable 4,812,452.93 7,197,788.08
Accounts receivable 350,048,714.86 304,725,676.29
Prepayments 34,068,040.16 48,869,563.60
Insurance premium receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable
Dividends receivable
Other receivables 46,463,965.00 39,847,732.76
Buying and selling back
financial assets
Inventories: 1,980,412,367.49 2,092,691,019.29
Assets classified as that held
for sale
Non-current assets due within a
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
year
Other current assets 11,369,575.16 15,796,773.56
Total current assets 2,905,199,740.82 3,148,091,429.51
Non-Current Assets:
Loan provision and advances
Available-for-sale financial
85,000.00 85,000.00
assets
Held –to-maturity investment
Long-term accounts receivable
Long-term equity investment 42,837,994.24 43,221,572.05
Investment based real estate 210,090,383.62 216,948,193.02
Fixed assets 349,903,620.68 361,979,828.01
Construction-in-progress 208,400,961.10 173,189,274.57
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 34,238,128.44 36,429,626.66
Development expenses
Goodwill
Long-term expenses to be
134,868,644.54 155,704,564.39
apportioned
Deferred income tax asset 91,747,327.32 105,901,723.16
Other non-current assets 13,347,286.42 5,118,833.65
Total non-current assets 1,085,519,346.36 1,098,578,615.51
Total assets 3,990,719,087.18 4,246,670,045.02
Current liabilities:
Short-term Loan 1,236,099,739.12 988,186,200.00
Borrowings from central bank
Receipt of deposits and
deposits from other banks
Loans from other banks
Financial liabilities which were
measured based on the fair value
and its change was charged to the
current gain and loss
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Derivative financial liabilities
Notes payable
Accounts payable 63,383,403.37 155,939,686.54
Advance receipts 17,796,322.82 18,031,129.87
Funds from selling out and
repurchasing financial assets
Service charge and
commission payable
Salaries payable to the
25,719,412.15 39,396,747.95
employees
Taxes payable 61,109,919.91 68,921,732.81
Interest payable 1,435,529.64 19,211,630.02
Dividends payable
Other payables 50,709,344.23 48,131,616.20
Reinsurance payable
Insurance contract reserve
Funds from securities trading
agency
Funds from underwriting
securities agency
Liabilities classified as that held
for sale
Non-current liabilities due within
17,210,000.00 108,914,000.00
a year
Other current liabilities 10,431,342.62 1,988,252.38
Total current liabilities 1,483,895,013.86 1,448,720,995.77
Non-Current Liabilities:
Long term borrowings 125,838,844.52 90,994,964.33
Bonds payable 399,823,760.28
Including: preferred shares
Permanent liabilities
Long term accounts payable
Long term remuneration payable
to employees
Special accounts payable
Predicted liabilities
17
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Deferred income 4,800,000.00 4,300,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 130,638,844.52 495,118,724.61
Total liabilities 1,614,533,858.38 1,943,839,720.38
Owner’s equity
Capital stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Permanent liabilities
Capital reserve 1,062,455,644.22 1,062,455,644.22
Less: shares in stock
Other comprehensive income -8,038,615.37 -17,145,189.71
Special reserve
Surplus reserve 179,743,077.15 179,743,077.15
General risk reserve
Retained earnings 699,864,017.61 635,417,237.55
Total owner’s equity attributable to
2,372,769,004.61 2,299,215,650.21
the parent company
Minority equity 3,416,224.19 3,614,674.43
Total owners’ equity 2,376,185,228.80 2,302,830,324.64
Total liabilities and owners’ equity 3,990,719,087.18 4,246,670,045.02
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
2. Balance Sheet, Parent Company
In CNY
Items Ending balance Opening balance
Current assets:
Monetary funds 263,016,832.46 513,869,824.81
Financial assets which were
measured based on the fair value and
its change was counted to the current
gain and loss
Derivative financial assets
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Notes receivable
Accounts receivable
Prepayments
Interest receivable
Dividends receivable
Other receivables 1,297,761,251.94 1,527,756,817.18
Inventories:
Assets classified as that held for
sale
Non-current assets due within a
year
Other current assets 4,280,480.90 2,089,651.83
Total current assets 1,565,058,565.30 2,043,716,293.82
Non-Current Assets:
Available-for-sale financial
85,000.00 85,000.00
assets
Held –to-maturity investment
Long-term accounts receivable
Long-term equity investment 1,256,007,714.24 814,121,292.05
Investment based real estate 210,090,383.62 216,948,193.02
Fixed assets 112,782,850.81 113,553,719.50
Construction-in-progress 208,400,961.10 173,189,274.57
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 27,921,396.73 30,104,404.98
Development expenses
Goodwill
Long-term expenses to be
4,761,661.31 4,693,186.19
apportioned
Deferred income tax asset 1,081,888.10 1,081,888.10
Other non-current assets 13,347,286.42 5,118,833.65
Total non-current assets 1,834,479,142.33 1,358,895,792.06
Total assets 3,399,537,707.63 3,402,612,085.88
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FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Current liabilities:
Short-term Loan 990,000,000.00 700,000,000.00
Financial liabilities which were
measured based on the fair value and
its change was charged to the current
gain and loss
Derivative financial liabilities
Notes payable
Accounts payable 245,339.76 23,711,339.76
Advance receipts 3,139,028.93 3,207,516.61
Salaries payable to the
2,269,460.10 8,188,793.56
employees
Taxes payable 4,404,146.09 2,857,031.42
Interest payable 1,315,904.64 18,170,745.35
Dividends payable
Other payables 16,340,366.91 17,550,238.03
Liabilities classified as that held
for sale
Non-current liabilities due within
a year
Other current liabilities
Total current liabilities 1,017,714,246.43 773,685,664.73
Non-Current Liabilities:
Long term borrowings 119,861,928.00 68,361,928.00
Bonds payable 399,823,760.28
Including: Preferred shares
Permanent liabilities
Long term accounts payable
Long term remuneration payable
to employees
Special accounts payable
Predicted liabilities
Deferred income 4,800,000.00 4,300,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 124,661,928.00 472,485,688.28
20
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Total liabilities 1,142,376,174.43 1,246,171,353.01
Owner’s equity
Capital stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Permanent liabilities
Capital reserve 1,068,111,185.32 1,068,111,185.32
Less: shares in stock
Other comprehensive income
Special reserve
Surplus reserve 179,743,077.15 179,743,077.15
Retained earnings 570,562,389.73 469,841,589.40
Total owners’ equity 2,257,161,533.20 2,156,440,732.87
Total liabilities and owners’ equity 3,399,537,707.63 3,402,612,085.88
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
3 Consolidated Statement of Profit in the Reporting Period
In CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Gross Revenue 754,607,535.18 784,087,458.61
Including: revenue 754,607,535.18 784,087,458.61
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 691,537,557.81 743,104,095.76
Including: operating costs 438,098,536.83 467,440,370.00
Interest payment
Service charge and
commission payment
Refunded premiums
Compensation
pay-out, net
21
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Net amount of
reserves for reinsurance contract
Policy dividend
payment
Reinsurance
expenses
Business taxes and
6,640,491.47 6,937,700.88
surcharge
Sales expenses 182,290,250.26 199,194,695.14
Administrative
46,470,757.63 47,489,993.69
expenses
Financial expenses 16,128,170.79 21,244,166.44
Loss from impairment
1,909,350.83 797,169.61
of assets
Plus: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
180,593.64 189,984.25
is stated with “-“)
Including: income
from investment in associates and 180,593.64 189,984.25
joint ventures
Exchange income (loss
is stated with “-“)
III. Operating Profit (loss is stated
63,250,571.01 41,173,347.10
with “-“)
Plus: Non-operating income 442,044.51 2,842,638.40
Including: profit from
2.91
disposal of non-current assets
Less: Non-operating
95,903.50 33,411.19
expenses
Including: Loss from
143,573.63 5,315.38
disposal of non-current assets
IV. Total profit (total loss is stated
63,596,712.02 43,982,574.31
with “-“)
Less: Income tax expense 15,748,647.67 10,202,545.06
V. Net Profit (net loss is stated with
47,848,064.35 33,780,029.25
“-“)
Net profit attributable to the 47,988,842.36 33,505,446.25
22
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
parent company’s owner
Minority shareholders’
-140,778.01 274,583.00
gain/loss
VI. Net of other comprehensive
-451,219.34 -2,936,915.29
income after tax
Net of other comprehensive
income after tax attributable to the -471,302.37 -3,074,460.73
parent company’s owner
(I) Other comprehensive
income which cannot be
re-classified into the gain and loss
1. Movement of the
net liabilities and net assets
re-measured for setting the
beneficial plan
2. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
-471,302.37 -3,074,460.73
re-classified into the gain and loss
in future
1. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method in future
2. Gain/loss from
change in the fair value of the
financial assets available for sale
3. Gain/loss from
which the held-to-maturity
investment is re-classified as
available-for-sale financial assets
4. Valid part of the
gain/loss from cash flow hedge
5. Converted
difference in Foreign Currency -471,302.37 -3,074,460.73
Statements
23
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
6. Others
Net amount of the after-tax other
comprehensive income
20,083.03 137,545.44
attributable to minority
shareholders
VII. Total comprehensive income 47,396,845.01 30,843,113.96
Total comprehensive income
attributable to the owner of the 47,517,539.99 30,430,985.52
parent company
Total comprehensive income
attributable to minority -120,694.98 412,128.44
shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.1090 0.0853
(II) Diluted earnings per
0.1090 0.0853
share
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
4. Statement of Profit in the Reporting Period, Parent Company
In CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Revenue 24,201,543.68 23,288,510.10
Less: Business costs 3,641,992.53 3,551,411.17
Business taxes and
146,079.08 1,358,561.78
surcharge
Sales expenses
Administrative expenses 13,057,505.42 12,473,021.13
Financial expenses 1,965,393.14 -26,200.60
Loss from impairment of
assets
Plus: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
189,984.25
is stated with “-“)
Including: income from 189,984.25
24
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
investment in associates and joint
ventures
II. Operating Profit (loss is stated
5,390,573.51 6,121,700.87
with “-“)
Plus: Non-operating income 4,000.00 162,288.80
Including: profit from
disposal of non-current assets
Less: Non-operating
expenses
Including: Loss from
disposal of non-current assets
III. Total profit (total loss is stated
5,394,573.51 6,283,989.67
with “-“)
Less: Income tax expense 1,122,895.86 1,302,358.44
IV. Net Profit (net loss is stated
4,271,677.65 4,981,631.23
with “-“)
V. Net of other comprehensive
income after tax
(I) Other comprehensive
income which cannot be
re-classified into the gain and loss
1. Movement of the
net liabilities and net assets
re-measured for setting the
beneficial plan
2. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
re-classified into the gain and loss
in future
1. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method in future
2. Gain/loss from
25
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
change in the fair value of the
financial assets available for sale
3. Gain/loss from
which the held-to-maturity
investment is re-classified as
available-for-sale financial assets
4. Valid part of the
gain/loss from cash flow hedge
5. Conversion
difference in foreign currency
statements
6. Others
VI. Total comprehensive income 4,271,677.65 4,981,631.23
VII. Earnings per share:
(I) Basic earnings per share 0.0097 0.0113
(II) Diluted earnings per
0.0097 0.0113
share
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
5. Consolidated Statement of Profit from Year Beginning to the End of the Reporting Period
In CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Gross Revenue 2,234,135,318.36 2,467,880,706.20
Including: revenue 2,234,135,318.36 2,467,880,706.20
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 2,095,795,948.68 2,333,109,565.41
Including: operating costs 1,319,761,817.34 1,505,422,091.35
Interest payment
Service charge and
commission payment
Refunded premiums
26
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Compensation
pay-out, net
Net amount of
reserves for reinsurance contract
Policy dividend
payment
Reinsurance
expenses
Business taxes and
19,709,073.59 22,016,317.43
surcharge
Sales expenses 560,297,890.37 585,491,923.06
Administrative
141,317,767.23 147,621,170.34
expenses
Financial expenses 51,358,824.77 72,133,953.23
Loss from impairment
3,350,575.38 424,110.00
of assets
Plus: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
172.19 440,000.00
is stated with “-“)
Including: income from
investment in associates and joint 172.19 440,000.00
ventures
Exchange income (loss
is stated with “-“)
III. Operating Profit (loss is stated
138,339,541.87 135,211,140.79
with “-“)
Plus: Non-operating income 1,844,404.79 4,692,473.67
Including: profit from
10,962.91 69,750.00
disposal of non-current assets
Less: Non-operating
624,872.52 378,811.78
expenses
Including: Loss from
238,406.66 40,864.60
disposal of non-current assets
IV. Total profit (total loss is stated
139,559,074.14 139,524,802.68
with “-“)
Less: Income tax expense 31,528,361.21 32,464,205.29
V. Net Profit (net loss is stated with 108,030,712.93 107,060,597.39
27
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
“-“)
Net profit attributable to the
108,321,268.16 106,614,865.98
parent company’s owner
Minority shareholders’
-290,555.23 445,731.41
gain/loss
VI. Net of other comprehensive
9,198,679.33 4,225,875.48
income after tax
Net of other comprehensive
income after tax attributable to the 9,106,574.34 4,088,715.53
parent company’s owner
(I) Other comprehensive
income which cannot be
re-classified into the gain and loss
1. Movement of the
net liabilities and net assets
re-measured for setting the
beneficial plan
2. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
9,106,574.34 4,088,715.53
re-classified into the gain and loss
in future
1. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method in future
2. Gain/loss from
change in the fair value of the
financial assets available for sale
3. Gain/loss from
which the held-to-maturity
investment is re-classified as
available-for-sale financial assets
4. Valid part of the
gain/loss from cash flow hedge
28
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
5. Conversion
difference in foreign currency 9,106,574.34 4,088,715.53
statements
6. Others
Net amount of the after-tax
comprehensive income
attributable to minority 92,104.99 137,159.95
shareholders
VII. Total comprehensive income 117,229,392.26 111,286,472.87
Total comprehensive income
attributable to the owner of the 117,427,842.50 110,703,581.51
parent company
Total comprehensive income
attributable to minority -198,450.24 582,891.36
shareholders
VII. Earnings per share:
(I) Basic earnings per share 0.2469 0.2714
(II) Diluted earnings per
0.2469 0.2714
share
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
6. Statement of Profit from Year Beginning to the End of the Reporting Period, Parent Company
In CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Revenue 73,346,749.19 70,818,511.00
Less: Business costs 10,425,234.15 10,497,922.56
Business taxes and
2,202,125.40 3,886,791.98
surcharge
Sales expenses
Administrative expenses 40,695,696.32 37,513,075.12
Financial expenses 8,544,259.24 163,512.56
Loss from impairment of
-434,290.83
assets
Plus: Income from change of
29
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
fair value (loss is stated with “-“)
Investment income (loss
135,344,832.55 131,828,140.58
is stated with “-“)
Including: income from
investment in associates and joint 172.19 440,000.00
ventures
II. Operating Profit (loss is stated
146,824,266.63 151,019,640.19
with “-“)
Plus: Non-operating income 116,119.88 336,288.80
Including: profit from
disposal of non-current assets
Less: Non-operating
300,000.00 14,678.42
expenses
Including: Loss from
14,678.42
disposal of non-current assets
III. Total profit (total loss is stated
146,640,386.51 151,341,250.57
with “-“)
Less: Income tax expense 2,045,098.08 4,210,297.94
IV. Net Profit (net loss is stated
144,595,288.43 147,130,952.63
with “-“)
V. Net of other comprehensive
income after tax
(I) Other comprehensive
income which cannot be
re-classified into the gain and loss
1. Movement of the
net liabilities and net assets
re-measured for setting the
beneficial plan
2. Share enjoyable in
the other comprehensive income
in which the investee cannot be
re-classified into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
re-classified into the gain and loss
in future
1. Share enjoyable in
the other comprehensive income
30
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
in which the investee cannot be
re-classified into the gain and loss
under the equity method in future
2. Gain/loss from
change in the fair value of the
financial assets available for sale
3. Gain/loss from
which the held-to-maturity
investment is re-classified as
available-for-sale financial assets
4. Valid part of the
gain/loss from cash flow hedge
5. Conversion
difference in foreign currency
statements
6. Others
VI. Total comprehensive income 144,595,288.43 147,130,952.63
VII. Earnings per share:
(I) Basic earnings per share 0.3296 0.3746
(II) Diluted earnings per
0.3296 0.3746
share
Legal representative: Xu Dongsheng 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
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Net cash flows arising from
operating activities:
Cash received from sales of
2,507,629,254.14 2,710,512,975.70
goods and supply of labor
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
31
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Cash received from former
insurance contract premium
Net cash received from
reinsurance business
Net increase of insurance
reserve and investment
Net increase of financial
assets which were measured
based on the fair value and its
change was counted to the current
gain and loss
Cash received from interest,
service charge and commission
Net increase of borrowings
Net increase of fund from
repurchases
Rebated taxes received 69,388.94
Other operation activity
19,567,411.30 66,770,510.80
related cash receipts
Subtotal of cash flow in from
2,527,266,054.38 2,777,283,486.50
operating activity
Cash paid for purchase of
goods and reception of labor 1,419,582,686.24 1,620,192,462.33
services
Net increase of loans and
advances to customers
Net increase of due from
central bank and due from banks
Cash paid for indemnity of
original insurance contract
Cash paid for interest,
service charge and commission
Cash paid for insurance
policy dividend
Cash paid to and for staff 367,327,625.94 370,380,904.77
Taxes paid 203,953,164.01 201,711,794.01
Other business activity
245,361,546.12 325,763,307.06
related cash payments
32
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Subtotal of cash flow out from
2,236,225,022.31 2,518,048,468.17
operating activity
Net cash flow arising from
291,041,032.07 259,235,018.33
operating activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
383,750.00
investment income
Net amount of cash received
from disposal of fixed assets,
4,142,748.05 196,417.11
intangible assets and 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
4,526,498.05 196,417.11
investment activity
Cash paid for
construction/purchase of fixed
134,423,973.14 159,522,254.84
assets, intangible assets and
other long term assets
Cash paid for investment
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and other
operating units
Other investment related
cash payments
Subtotal of cash flow out from
134,423,973.14 159,522,254.84
investment activity
Net cash flow arising from
-129,897,475.09 -159,325,837.73
investment activities
III. Cash flows arising from fund
raising activities:
33
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Cash received from
absorption of investment
Incl.: Cash received from
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from
865,749,959.13 1,560,609,499.90
borrowings
Cash received from bond
issuing
Other fund-raising related
13,500,000.00
cash receipts
Subtotal of cash flow in from fund
865,749,959.13 1,574,109,499.90
raising activity
Cash paid for liabilities
1,079,796,531.30 1,367,075,091.78
repayment
Cash paid for dividend/profit
distribution or repayment of 107,561,341.89 112,344,442.93
interest
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising related
992,669.19 151,274,743.60
cash payments
Subtotal of cash flow out from fund
1,188,350,542.38 1,630,694,278.31
raising activity
Net cash flow arising from
-322,600,583.25 -56,584,778.41
fund-raising activities
IV. Influence from change of
exchange rate upon cash and 518,775.56 1,489,506.86
cash equivalents
V. Net increase of cash and cash
-160,938,250.71 44,813,909.05
equivalents
Plus: Opening balance of
637,387,875.93 114,880,070.54
cash and cash equivalents
VI. Ending balance of cash and
476,449,625.22 159,693,979.59
cash equivalents
34
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
8. Cash Flow Statement from Year Beginning to the End of the Reporting Period, Parent
Company
In CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Net cash flows arising from
operating activities:
Cash received from sales of
73,576,715.84 82,247,515.39
goods and supply of labor
Rebated taxes received 62,967.65
Other operation activity
271,951,706.92 22,238,816.99
related cash receipts
Subtotal of cash flow in from
345,591,390.41 104,486,332.38
operating activity
Cash paid for purchase of
goods and reception of labor
services
Cash paid to and for staff 42,004,181.00 39,016,286.84
Taxes paid 6,559,453.04 7,574,468.57
Other business activity
13,579,640.33 11,010,953.47
related cash payments
Subtotal of cash flow out from
62,143,274.37 57,601,708.88
operating activity
Net cash flow arising from
283,448,116.04 46,884,623.50
operating activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
135,728,410.36 131,388,140.58
investment income
Net amount of cash received
from disposal of fixed assets,
100,800.00
intangible assets and other long
term assets
35
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related
cash receipts
Subtotal of cash flow in from
135,728,410.36 131,488,940.58
investment activity
Cash paid for
construction/purchase of fixed
71,305,141.81 71,195,437.30
assets, intangible assets and
other long term assets
Cash paid for investment 442,270,000.00 40,100,000.00
Net cash received from
payment by subsidiaries and other
operating units
Other investment related
cash payments
Subtotal of cash flow out from
513,575,141.81 111,295,437.30
investment activity
Net cash flow arising from
-377,846,731.45 20,193,503.28
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from
absorption of investment
Cash received from
731,500,000.00 1,246,000,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
cash receipts
Subtotal of cash flow in from fund
731,500,000.00 1,246,000,000.00
raising activity
Cash paid for liabilities
790,000,000.00 1,073,000,000.00
repayment
Cash paid for dividend/profit
distribution or repayment of 96,961,707.75 96,373,892.13
interest
Other fund-raising related 992,669.19 151,274,743.60
36
FIYTA HOLDINGS LTD. 2016 3rd Quarterly Report, Full Text
cash payments
Subtotal of cash flow out from fund
887,954,376.94 1,320,648,635.73
raising activity
Net cash flow arising from
-156,454,376.94 -74,648,635.73
fund-raising activities
IV. Influence from change of
exchange rate upon cash and
cash equivalents
V. Net increase of cash and cash
-250,852,992.35 -7,570,508.95
equivalents
Plus: Opening balance of
512,294,824.81 35,485,566.79
cash and cash equivalents
VI. Ending balance of cash and
261,441,832.46 27,915,057.84
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
II. Auditors’ Report
Has the Third Quarterly Report been Audited
No
Board of Directors of
FIYTA Holdings Ltd.
October 27, 2016
37
