FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
FIYTA HOLDINGS LTD.
2019 First Quarterly Report
April, 2019
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Section 1 Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby
individually and collectively accept responsibility for the correctness, accuracy, and completeness of the
contents of this report and confirm that there are neither material omissions nor errors which would render any
statement misleading.
All the directors attended the board meeting for reviewing the Quarterly Report.
Huang Yongfeng, the Company leader, Chen Zhuo, the chief financial officer, and Tian Hui, the manager of the
accounting department (treasurer) hereby confirm the authenticity and completeness of the financial report
enclosed in this quarterly report.
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Section 2 Company Profile
I. Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years
No
Year-on-year
The same period of the
Reporting period increase/decrease in the
previous year
reporting period
Revenue in CNY 893,389,751.73 851,815,980.69 4.88%
Net profit attributable to the Company’s
64,359,084.46 59,518,000.75 8.13%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring items, in 61,517,359.28 54,825,312.90 12.21%
CNY
Net cash flows arising from operating activities,
10,730,388.47 67,632,201.86 -84.13%
in CNY
Basic earning per share (CNY/share) 0.1467 0.1357 8.11%
Diluted earning per share (CNY/share) 0.1453 0.1357 7.07%
Return on equity, weighted average 2.47% 2.38% 0.09%
Increase/decrease at the end
End of the reporting period End of the previous year of the year over the end of the
previous year
Total assets (in CNY) 3,579,986,668.73 3,599,691,650.26 -0.55%
Net profit attributable to the Company’s
2,632,044,015.17 2,570,134,782.90 2.41%
shareholders, in CNY
Non-recurring gain/loss items and the amount involved
In CNY
Amount from the year beginning
Items Note
to the end of the reporting period
Gain/loss from disposal of non-current assets, including the part offset
-50,642.04
from the provision for impairment of assets
The government subsidies included in the profits and losses of the
current period ( (excluding government grants which are closely related
3,807,765.25
to the Company’s business and conform with the national standard
amount or quantity)
Other non-operating income and expenses other than the aforesaid
-192,401.94
items
Less: Amount affected by the income tax 722,996.09
Total 2,841,725.18 --
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring
gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
their Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it
is necessary to explain the reason.
Inapplicable
II. Statement of total shareholders and shares held by the top 10 shareholders by the end of the reporting period
1. Quantity of the shares held by the common shareholders and preferred shareholders whose voting rights are restored
and statement of shareholding by the top 10 shareholders
In shares
Total preference shareholders with the
Total common shareholders at the end
31,835 voting power recovered at the end of the 0
of the reporting period
reporting period (if any)
Shareholding by top 10 shareholders
Number of the Pledging or freezing
Names of the Nature of the Shareholding Shareholding
restricted shares Status of the
Shareholders shareholder proportion quantity Quantity
held shares
AVIC International
State corporate 36.79% 162,977,327 0
Holding Limited
Domestic natural
Wan Zhongbo 3.07% 13,599,327 0
persons
Domestic natural
#Yang Zugui 2.96% 13,108,917 0
persons
Domestic natural
Mo Jiadong 2.28% 10,084,635 0
persons
National Social
Security Fund 114 State corporate 2.18% 9,657,744 0
Portfolio
Xizang Investment
State corporate 1.12% 4,976,551 0
Co., Ltd.
MANULIFE TEDA
Fund－ Minsheng
Bank－MANULIFE
TEDA Value Domestic
Growth Oriented non-state-owned 1.10% 4,893,559 0
Additional Issue corporate
No. 351 Assets
Management
Program
Shenzhen Heli
Domestic
Fengyuan
non-state-owned 0.61% 2,704,000 0
Commerce & Trade
corporate
Co., Ltd.
BANK OF
COMMUNICATION
S CO.,LTD - Domestic
CHANGXIN non-state-owned 0.57% 2,532,201 0
QUANTIFIED corporate
PIONEER EQUITY
FUND
BANK OF Domestic
COMMUNICATION non-state-owned 0.27% 1,201,200 0
S CO.,LTD - corporate
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
CHANG XIN
QUANTITATIVE
TYPE SMALL DISH
STOCK
SECURITIES
INVESTMENT
FUND
Shares held by top 10 shareholders of unrestricted shares
Share type
Name of the Shareholder Quantity of unrestricted shares held a
Share type Quantity
CNY ordinary
AVIC International Holding Limited 162,977,327 162,977,327
shares
CNY ordinary
Wan Zhongbo 13,599,327 13,599,327
shares
CNY ordinary
#Yang Zugui 13,108,917 13,108,917
shares
CNY ordinary
Mo Jiadong 10,084,635 10,084,635
shares
National Social Security Fund 114 CNY ordinary
9,657,744 9,657,744
Portfolio shares
CNY ordinary
Xizang Investment Co., Ltd. 4,976,551 4,976,551
shares
MANULIFE TEDA Fund－ Minsheng CNY ordinary
Bank－MANULIFE TEDA Value Growth 4,893,559 shares 4,893,559
Oriented Additional Issue No. 351
Assets Management Program
Shenzhen Heli Fengyuan Commerce & CNY ordinary
2,704,000 2,704,000
Trade Co., Ltd. shares
BANK OF COMMUNICATIONS CO., CNY ordinary
LTD - CHANGXIN QUANTIFIED 2,532,201 2,532,201
PIONEER EQUITY FUND shares
BANK OF COMMUNICATIONS CO., CNY ordinary
LTD - CHANG XIN QUANTITATIVE
1,201,200 shares 1,201,200
TYPE SMALL DISH STOCK
SECURITIES INVESTMENT FUND
Explanation on the associated
relationship or consistent action of the Inapplicable
above shareholders
Note to the top 10 shareholders of
ordinary shares involved in margin Inapplicable
financing & securities lending (if any)
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual
repurchase during the reporting period?
No
2. Total preferred shareholders and the shareholding by the top 10 preferred shareholders
Inapplicable
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Section 3 Significant Events
Change in the major financial data and financial indicators during the reporting period and the causes
The amount at the end of The amount at the year
Items Variation proportion (%) Cause of the movement
the reporting period beginning
It was mainly due to the
increase of the advance
Advance payments 20,318,636.22 13,666,816.33 48.67% payment during the
reporting period over the
year beginning
It was mainly due to the
decrease of the payments
for the refurbishment and
Other non-current assets 5,458,879.75 8,949,160.42 -39.00% equipment to be settled at
the end of the reporting
period over the year
beginning
It was mainly due to the
partial payment for goods
and the balance payment
Accounts payable 191,577,235.91 259,913,612.34 -26.29% for the works of the Watch
Industrial Base of
Guangming New Zone
during the reporting period
It was mainly due to the
increase of the advances
Advance Receipts 27,695,233.88 16,459,445.00 68.26% on sales during the
reporting period over the
year beginning
It was mainly due to that
the year-end bonus of the
Payroll payable to the year 2018 payable to the
34,559,516.76 69,779,037.83 -50.47%
employees employees was paid
during the reporting
period.
It was mainly due to the
decrease of the VAT
Taxes payable 36,099,094.50 55,923,171.92 -35.45% payable during the
reporting period over the
year beginning
Other comprehensive It was mainly due to the
-9,009,290.73 -5,442,139.78 65.55%
income influence of the converted
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
difference in foreign
currency statements
during the reporting period
It was mainly due to the
price of goods was paid
during the reporting period
Net cash flows arising
10,730,388.47 67,632,201.86 -84.13% and the amount of the
from operating activities
accounts payable at the
end of the reporting period
decreased.
It was mainly due to the
balance payment for the
works of the Watch
Net cash flows arising
-50,729,730.85 -20,897,671.30 142.75% Industrial Base of
from investment activities
Guangming New Zone
partially paid during the
reporting period
It was mainly due to the
decrease of the bank
Net cash flows arising
22,731,443.97 63,445,267.85 -64.17% loans over the same
from financing activities
period of the previous year
during the reporting period
It was mainly due to the
payment for goods and
the balance payment for
Net increase of cash and the works of the Watch
-17,400,331.36 109,826,844.65 -115.84%
cash equivalents Industrial Base of
Guangming New Zone
partially paid during the
reporting period
II. Progress of significant events, their effects. and analysis on the solutions
1. Grant of the restricted A-shares was completed
The 3rd session of the Ninth Board of Directors and 2019 1st Extraordinary General Meeting held respectively on
November 12, 2018 and January 11, 2019 decided to start 2018 A-Share Restricted Stock Incentive Program (Phase I),
which was later on reviewed and approved at the 5th session of the Ninth Board of Directors held on January 11, 2019,
and the Company eventually granted 4.224 million restricted A-shares to 128 persons eligible for the incentive. The date
of granting this part of restricted shares was January 11, 2019 (The lock-up period of these restricted shares was two
years commencing from the date of granting) . By January 30, 2019, the work of granting the shares and registration for
listing was completed. After the share granting, the Company's total capital stock increased to 442,968,881 shares. For
the detail, refer to the Announcement on the Completion of Granting the Restricted A-Shares according to the Incentive
Plan (Phase I) (2019-009) disclosed in Securities Times, Hong Kong Commercial Daily and www.cninfo.com.
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
2. Matters concerning Repurchase of the Company’s Partial Domestically Listed Foreign Shares (B Shares)
The 7th session of the Ninth Board of Directors held on April 4, 2019, reviewed and approved the Proposal for
Repurchase o the Company’s Partial Domestically Listed Foreign Shares (B Shares). For the detail, refer to the
Announcement on the Resolutions of the 7th Session of the Ninth Board of Directors 2019-015 and the Proposal for
Repurchase o the Company’s Partial Domestically Listed Foreign Shares (B Shares) 2019-017. The said repurchase
proposal is still necessary to be submitted to the General Meeting for discussion.
In accordance with the relevant provisions of the Administration of Repurchase of Public Shares by Listed Companies
Procedures (Trial Implementation), the Supplementary Provisions for Share Repurchase via Centralized Bidding
Transactions by Listed Companies, the Rules of Shenzhen Stock Exchange for Implementation of Repurchase of Public
Shares by Listed Companies, etc., the Company has disclosed the names of, the quantity of shares held by and the
shareholding information of the top 10 shareholders and top 10 shareholders of non-restricted shares one trading day
before the publication of the resolution on share repurchase (namely April 4, 2019) and registered as at the date of
registration of the equity of the general meeting (namely April 12, 2019). For the detail, refer to the Announcement on the
Information of Shareholding by the Top Ten Shareholders before Share Repurchase 2019-020 and the Announcement on
the Information of Shareholding by the Top Ten Shareholders before Share Repurchase 2019-022.
Inquiry index of the provisional reports
General on Significant Events Date of disclosure
disclosed in the website.
The Announcement on the Completion of
Granting the Restricted A-Shares according to January 29, 2019 http://www.cninfo.com.cn/
the Incentive Plan (Phase I) (2019-009)
Announcement on the Resolution of the 7th
Session of the Ninth Board of Directors, April 08, 2019 http://www.cninfo.com.cn/
2019-015
Proposal for the Repurchase of the Company’s
Partial Domestically Listed Foreign Shares (B April 08, 2019 http://www.cninfo.com.cn/
Shares) 2019-017
Announcement on the Information of the
Shareholding by the Top Ten Shareholders April 12, 2019 http://www.cninfo.com.cn/
before the Repurchase of the Shares 2019-020
Announcement on the Information of the
Shareholding by the Top Ten Shareholders April 20, 2019 http://www.cninfo.com.cn/
before the Repurchase of the Shares 2019-022
Progress of implementation of the stock repurchase
Inapplicable
Progress of implementation of the reduction of the holding size of the shares repurchased by centralized bidding
Inapplicable
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
III. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,
acquirer and the Company, etc. in the reporting period
Inapplicable
IV. Prediction of the Operation Performances from January to June, 2019
Inapplicable
V. Portfolio investment
Inapplicable
VI. Investment in derivatives
Inapplicable
VII. Registration Form of Activities of Reception for Investigation and Survey, Communications, Interviews, etc. in
the Reporting Period
Inapplicable
VIII. Outward guarantee against regulations
Inapplicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related Parties
Inapplicable
Section 4. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA HOLDINGS LTD.
March 31, 2019
In CNY
Items March 31, 2019 December 31, 2018
Current assets:
Monetary capital 147,427,728.61 164,828,059.97
Settlement reserve
Inter-bank lending
Transactional financial assets
Financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Derivative financial assets
Notes receivable and accounts receivable 430,694,540.15 377,597,503.46
Where: Notes receivable 8,932,241.48 7,051,846.85
Accounts receivable 421,762,298.67 370,545,656.61
Advance payments 20,318,636.22 13,666,816.33
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 43,108,492.98 45,870,582.26
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 1,760,074,886.64 1,782,306,301.70
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 55,816,477.63 73,703,312.24
Total current assets 2,457,440,762.23 2,457,972,575.96
Non-current assets:
Loan issuing and advance in cash
Equity investment
Available-for-sale financial assets 85,000.00
Other equity investment
Held-to-due investments
Long term accounts receivable
Long-term equity investment 44,881,063.15 44,881,063.15
Investment in other equity instruments 85,000.00
Other non-current financial assets
Investment real estate 373,893,327.35 377,319,433.03
Fixed assets 418,286,761.85 425,649,562.85
Construction-in-process 12,318,038.44 12,041,126.00
Productive biological asset
Oil and gas assets
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Use right assets
Intangible assets 42,974,917.02 43,545,477.61
Development expenses
Goodwill
Long-term expenses to be apportioned 135,527,467.48 128,572,545.15
Deferred income tax asset 89,120,451.46 100,675,706.09
Other non-current assets 5,458,879.75 8,949,160.42
Total non-current assets 1,122,545,906.50 1,141,719,074.30
Total assets 3,579,986,668.73 3,599,691,650.26
Current liabilities:
Short term borrowings 556,436,738.65 547,118,452.97
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
Financial liabilities measured based on
the fair value and whose change was charged
to the current gain and loss.
Derivative financial liabilities
Notes payable and accounts payable 191,577,235.91 259,913,612.34
Advance Receipts 27,695,233.88 16,459,445.00
Funds from selling out and repurchasing
financial assets
Deposits taking and interbank
placement
Acting trading securities
Income from securities underwriting on
commission
Payroll payable to the employees 34,559,516.76 69,779,037.83
Taxes payable 36,099,094.50 55,923,171.92
Other payables 93,250,973.34 71,819,930.30
Including: interest payable 722,318.78 772,351.26
Dividends payable
Service charge and commission payable
Payable reinsurance
Contract liabilities
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Held-for-sale liabilities
Non-current liabilities due within a year 337,845.00 347,470.00
Other current liabilities
Total current liabilities 939,956,638.04 1,021,361,120.36
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings 4,307,523.75 4,517,110.00
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long term payroll payable to the
employees
Predicted liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 7,980,379.11 8,189,965.36
Total liabilities 947,937,017.15 1,029,551,085.72
Owner’s equity:
Capital Stock 442,968,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,077,934,543.00 1,062,455,644.22
Less: shares in stock 18,585,600.00
Other comprehensive income -9,009,290.73 -5,442,139.78
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Reserve against general risks
Retained earnings 915,719,688.10 851,360,603.66
Total owners’ equity attributable to the parent
2,632,044,015.17 2,570,134,782.90
company
Minority shareholders’ equity 5,636.41 5,781.64
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Total owner’s equity 2,632,049,651.58 2,570,140,564.54
Total liabilities and owners’ equity 3,579,986,668.73 3,599,691,650.26
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
2. Balance Sheet (Parent Company)
In CNY
Items March 31, 2019 December 31, 2018
Current assets:
Monetary capital 119,031,551.42 137,175,466.27
Transactional financial assets
Financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
Derivative financial assets
Notes receivable and accounts receivable 2,157,099.65 737,636.38
Where: Notes receivable
Accounts receivable 2,157,099.65 737,636.38
Advance payments
Other receivables 869,982,776.57 870,739,378.37
Including: Interest receivable
Dividends receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 11,509,779.64 10,081,272.94
Total current assets 1,002,681,207.28 1,018,733,753.96
Non-current assets:
Equity investment
Available-for-sale financial assets 85,000.00
Other equity investment
Held-to-due investments
Long term accounts receivable
Long-term equity investment 1,376,129,654.08 1,376,129,654.08
Investment in other equity instruments 85,000.00
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Other non-current financial assets
Investment real estate 294,302,649.97 297,042,937.87
Fixed assets 293,892,269.63 297,517,472.81
Construction-in-process 12,318,038.44 12,041,126.00
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 34,192,362.94 35,337,052.82
Development expenses
Goodwill
Long-term expenses to be apportioned 9,004,556.36 4,500,638.97
Deferred income tax asset 952,857.33 952,857.33
Other non-current assets 2,507,857.08 4,493,971.35
Total non-current assets 2,023,385,245.83 2,028,100,711.23
Total assets 3,026,066,453.11 3,046,834,465.19
Current liabilities:
Short term borrowings 520,000,000.00 505,000,000.00
Transactional financial liabilities
Financial liabilities measured based on
the fair value and whose change was charged
to the current gain and loss.
Derivative financial liabilities
Notes payable and accounts payable 27,278,565.87 52,324,191.98
Advance Receipts 4,416,026.56 1,636,520.02
Contract liabilities
Payroll payable to the employees 6,871,767.07 11,589,634.34
Taxes payable 1,584,951.77 943,919.26
Other payables 44,199,285.94 57,997,397.28
Including: interest payable 671,244.45 685,419.80
Dividends payable
Held-for-sale liabilities
Non-current liabilities due within a year
Other current liabilities
Total current liabilities 604,350,597.21 629,491,662.88
Non-current liabilities:
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long term payroll payable to the
employees
Predicted liabilities
Deferred income 3,672,855.36 3,672,855.36
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 3,672,855.36 3,672,855.36
Total liabilities 608,023,452.57 633,164,518.24
Owner’s equity:
Capital Stock 442,968,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,083,590,084.10 1,068,111,185.32
Less: shares in stock 18,585,600.00
Other comprehensive income
Special reserve
Surplus Reserve 223,015,793.80 223,015,793.80
Retained earnings 687,053,841.64 683,798,086.83
Total owner’s equity 2,418,043,000.54 2,413,669,946.95
Total liabilities and owners’ equity 3,026,066,453.11 3,046,834,465.19
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
3. Consolidated Profit Statement
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 893,389,751.73 851,815,980.69
Including: operating income 893,389,751.73 851,815,980.69
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Interest income
Earned insurance premium
Service charge and commission income
II. Total operating costs 814,959,559.48 776,711,015.00
Including: Operating costs 532,797,117.99 498,998,726.86
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Provision of reserve for insurance
contract, net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 7,967,226.11 8,182,646.44
Sales costs 199,499,630.53 203,295,481.43
Administrative expenses 55,752,416.90 48,438,558.44
R & D expenditures 9,953,936.60 10,545,751.63
Financial expenses 9,085,058.60 9,646,423.37
Where: Interest cost 6,209,488.02 7,036,409.01
Interest income 429,095.38 424,583.81
Loss from impairment of assets -2,396,573.17
Loss from impairment of credit -95,827.25
Plus: Other income 3,807,765.25 3,196,013.80
Investment income (loss is stated with “-“)
Including: return on investment in associate
and joint venture
Exchange income (loss stated with “-“)
Net exposure hedge income (loss stated
with “-“)
Income from change of fair value (loss is
stated with “-”)
Income from disposal of assets (loss is
-50,642.04 -20,793.32
stated with “-“)
III. Operating Profit (loss is stated with “-“) 82,187,315.46 78,280,186.17
Plus: Non-operating income 32,398.46 175,332.08
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Less: Non-operating expenses 224,800.40 13,679.05
IV. Total profit (total loss is stated with “-”) 81,994,913.52 78,441,839.20
Less: Income tax expense 17,635,829.06 18,923,838.45
V. Net Profit (net loss is stated with “-“) 64,359,084.46 59,518,000.75
(I) Classification based on operation sustainability
1. Net Profit from sustainable operation (net loss
64,359,084.46 59,518,000.75
is stated with “-”)
2. Net Profit from termination of operation (net
loss is stated with “-”)
(II) Classification according to the ownership
1. Net profit attributable to the parent company’s
64,359,084.46 59,518,000.75
owner
2. Minority shareholders’ gain/loss
VI. Net of other comprehensive income after tax -3,567,296.18 -1,945,653.74
Net of other comprehensive income after tax
-3,567,150.95 -1,945,418.04
attributable to the parent company’s owner
(I) Other comprehensive income which cannot
be re-classified into gain and loss
1. Movement of the net liabilities and net
assets re-measured for setting the beneficial plan
2. Other comprehensive income which
cannot be converted into gain and loss based on the
equity method
3. Movement of the fair value of the
investment in other equity instruments
4. Movement of the fair value of the
Company’s own credit risk
5. Others
(II) Other comprehensive income which shall be
-3,567,150.95 -1,945,418.04
re-classified into gain and loss
1. Other comprehensive income which
can be converted into gain and loss based on the
equity method
2. Movement of the fair value of the
investment in other debt instruments
3. Gain/loss from change in the fair
value of the financial assets available for sale
4. Amount of the reclassified financial
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
assets counted to the other comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified as
available-for-sale financial assets
6. Provision for impairment of the credit
of the other debt investment
7. Reserve for cash flow hedge
8. Conversion difference in foreign
-3,567,150.95 -1,945,418.04
currency statements
9. Others
Net amount of other comprehensive income after
-145.23 -235.70
tax attributable to minority shareholders
VII. Total comprehensive income 60,791,788.28 57,572,347.01
Total comprehensive income attributable to the
60,791,933.51 57,572,582.71
parent company’s owner
Total comprehensive income attributable to
-145.23 -235.70
minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.1467 0.1357
(II) Diluted earnings per share 0.1453 0.1357
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
4. Statement of Profit, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 32,237,822.48 28,011,891.43
Less: Operating cost 5,353,494.43 4,688,447.89
Taxes and surcharges 1,101,258.73 1,065,040.94
Sales cost
Administrative expenses 17,701,057.40 13,861,024.27
R & D expenditures 4,976,563.54 4,785,087.95
Financial expenses 1,785,619.37 1,569,784.34
Where: Interest cost 2,092,544.95 1,685,973.46
Interest income 358,260.51 189,051.76
Loss from impairment of assets
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Loss from impairment of credit
Plus: Other income 2,126,000.00 598,000.00
Investment income (loss is stated
with “-“)
Including: return on investment in
associate and joint venture
Net exposure hedge income
(loss stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Income from disposal of assets
-2,074.20 -12,400.00
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) 3,443,754.81 2,628,106.04
Plus: Non-operating income 12,000.00 2,880.00
Less: Non-operating expenses 200,000.00
III. Total profit (total loss is stated with “-“) 3,255,754.81 2,630,986.04
Less: Income tax expense 153,818.42
IV. Net Profit (net loss is stated with “-“) 3,255,754.81 2,477,167.62
(I) Net Profit from sustainable
3,255,754.81 2,477,167.62
operation (net loss is stated with “-”)
(II) Net Profit from termination of
operation (net loss is stated with “-”)
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net
liabilities and net assets re-measured for
setting the beneficial plan
2. Other comprehensive
income which cannot be converted into gain
and loss based on the equity method
3. Movement of the fair value
of the investment in other equity instruments
4. Movement of the fair value
of the Company’s own credit risk
5. Others
(II) Other comprehensive income
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
which shall be re-classified into gain and
loss
1. Other comprehensive
income which can be converted into gain
and loss based on the equity method
2. Movement of the fair value
of the investment in other debt instruments
3. Gain/loss from change in
the fair value of the financial assets
available for sale
4. Amount of the reclassified
financial assets counted to the other
comprehensive income
5. Gain/loss from which the
held-to-maturity investment is re-classified
as available-for-sale financial assets
6. Provision for impairment of
the credit of the other debt investment
7. Reserve for cash flow
hedge
8. Conversion difference in
foreign currency statements
9. Others
VI. Total comprehensive income 3,255,754.81 2,477,167.62
VII. Earnings per share:
(I) Basic earnings per share 0.0074 0.0056
(II) Diluted earnings per share 0.0073 0.0056
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
5. Consolidated Cash Flow Statement
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Net cash flows arising from operating
activities
Cash received from sales of goods
975,041,907.75 946,590,536.33
and supply of labor service
Net increase of customers’ deposit
20
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
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
Net increase from disposal of
financial assets which is measured based
on the fair value and whose movement is
counted to the current gain/loss
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 1,702,739.93 115,911.67
Other operation activity related cash
20,886,425.52 13,670,199.06
receipts
Subtotal of cash flow in from operating
997,631,073.20 960,376,647.06
activity
Cash paid for purchase of goods and
641,518,556.89 537,101,324.50
reception of labor services
Net increase of loans and advances
to customers
Net increase of due from central bank
and due from banks
Cash from payment for settlement of
the original insurance contract
Net increase of the financial assets
held for trading purpose
Net increase of the lending capital
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Cash paid for interest, service charge
and commission
Cash for payment of policy dividend
Cash paid to and for staff 180,290,878.29 176,471,053.74
Taxes paid 62,198,665.36 76,129,709.10
Other business activity related cash
102,892,584.19 103,042,357.86
payments
Subtotal of cash flow out from operating
986,900,684.73 892,744,445.20
activity
Net cash flow arising from operating
10,730,388.47 67,632,201.86
activities
II. Net cash flows arising from investment
activities
Cash received from recovery of
investment
Cash received from investment
income
Net cash from disposal of fixed
assets, intangible assets and recovery of 36,918.89 3,582.90
other long term assets
Net cash received from disposal of
subsidiaries and other operating units
Other investment-related cash
receipts
Subtotal of cash flow in from investment
36,918.89 3,582.90
activity
Cash paid for purchase/construction
of fixed assets, Intangible assets and other 50,766,649.74 20,901,254.20
long term assets
Cash paid for investment
Net increase of the pledged loan
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment-related cash
payments
Subtotal of cash flow out from investment
50,766,649.74 20,901,254.20
activity
Net cash flow arising from investment -50,729,730.85 -20,897,671.30
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
activities
III. Net cash flow arising from financing
activities
Cash received from absorbing
18,585,600.00
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 210,000,000.00 160,000,000.00
Cash received from bond issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
228,585,600.00 160,000,000.00
activity
Cash paid for debt repayment 199,632,048.06 88,998,550.00
Cash paid for dividend/profit
6,222,107.97 7,556,182.15
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Cash paid for other financing activities
Sub-total cash flow paid for financing
205,854,156.03 96,554,732.15
activities
Net cash flows arising from financing
22,731,443.97 63,445,267.85
activities
IV. Change of exchange rate influencing the
-132,432.95 -352,953.76
cash and cash equivalent
V. Net increase of cash and cash
-17,400,331.36 109,826,844.65
equivalents
Plus: Opening balance of cash and
162,623,059.97 184,947,891.32
cash equivalents
VI. Ending balance of cash and cash
145,222,728.61 294,774,735.97
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
6. Cash Flow Statement, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
23
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
I. Net cash flows arising from operating
activities
Cash received from sales of goods
34,539,681.84 26,501,235.69
and supply of labor service
Rebated taxes received
Other operation activity related cash
875,652,514.96 378,902,629.82
receipts
Subtotal of cash flow in from operating
910,192,196.80 405,403,865.51
activity
Cash paid for purchase of goods and
reception of labor services
Cash paid to and for staff 23,140,836.36 20,221,481.43
Taxes paid 2,725,897.25 2,903,990.84
Other business activity related cash
900,850,128.56 356,309,026.90
payments
Subtotal of cash flow out from operating
926,716,862.17 379,434,499.17
activity
Net cash flow arising from operating
-16,524,665.37 25,969,366.34
activities
II. Net cash flow arising from investment
activities
Cash received from recovery of
investment
Cash received from investment
income
Net cash from disposal of fixed
assets, intangible assets and recovery of 23,000.00
other long term assets
Net cash received from disposal of
subsidiaries and other operating units
Other investment-related cash
receipts
Subtotal of cash flow in from investment
23,000.00
activity
Cash paid for purchase/construction
of fixed assets, Intangible assets and other 29,300,461.40 6,076,401.50
long term assets
Cash paid for investment
24
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment- related cash
payments
Subtotal of cash flow out from investment
29,300,461.40 6,076,401.50
activity
Net cash flow arising from investment
-29,277,461.40 -6,076,401.50
activities
III. Net cash flow arising from financing
activities
Cash received from absorbing
18,585,600.00
investment
Cash received from loans 210,000,000.00 160,000,000.00
Cash received from bond issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
228,585,600.00 160,000,000.00
activity
Cash paid for debt repayment 195,000,000.00 80,000,000.00
Cash paid for dividend/profit
5,887,220.50 7,093,992.11
distribution or repayment of interest
Cash paid for other financing activities
Sub-total cash flow paid for financing
200,887,220.50 87,093,992.11
activities
Net cash flows arising from financing
27,698,379.50 72,906,007.89
activities
IV. Change of exchange rate influencing the
-40,167.58 -58,497.86
cash and cash equivalent
V. Net increase of cash and cash
-18,143,914.85 92,740,474.87
equivalents
Plus: Opening balance of cash and
134,970,466.27 128,958,944.43
cash equivalents
VI. Ending balance of cash and cash
116,826,551.42 221,699,419.30
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
II. Note to the Adjustment of the Financial Statements
1. Adjustment of the relevant financial statements at the current year beginning according to the new standards for
25
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
financial instruments, the new standards for revenues and the new standards for lease initially implemented
Consolidated Balance Sheet
In CNY
The amount involved in the
Items December 31, 2018 January 01, 2019
adjustment
Current assets:
Monetary capital 164,828,059.97 164,828,059.97
Notes receivable and
377,597,503.46 377,597,503.46
accounts receivable
Where: Notes
7,051,846.85 7,051,846.85
receivable
Accounts
370,545,656.61 370,545,656.61
receivable
Advance payments 13,666,816.33 13,666,816.33
Other receivables 45,870,582.26 45,870,582.26
Inventories 1,782,306,301.70 1,782,306,301.70
Other current assets 73,703,312.24 73,703,312.24
Total current assets 2,457,972,575.96 2,457,972,575.96
Non-current assets:
Available-for-sale financial
85,000.00 Inapplicable -85,000.00
assets
Long-term equity
44,881,063.15 44,881,063.15
investment
Investment in other equity
Inapplicable 85,000.00 85,000.00
instruments
Investment real estate 377,319,433.03 377,319,433.03
Fixed assets 425,649,562.85 425,649,562.85
Construction-in-process 12,041,126.00 12,041,126.00
Intangible assets 43,545,477.61 43,545,477.61
Long-term expenses to be
128,572,545.15 128,572,545.15
apportioned
Deferred income tax asset 100,675,706.09 100,675,706.09
Other non-current assets 8,949,160.42 8,949,160.42
Total non-current assets 1,141,719,074.30 1,141,719,074.30
Total assets 3,599,691,650.26 3,599,691,650.26
Current liabilities:
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Short term borrowings 547,118,452.97 547,118,452.97
Notes payable and
259,913,612.34 259,913,612.34
accounts payable
Advance Receipts 16,459,445.00 16,459,445.00
Payroll payable to the
69,779,037.83 69,779,037.83
employees
Taxes payable 55,923,171.92 55,923,171.92
Other payables 71,819,930.30 71,819,930.30
Including: interest
772,351.26 772,351.26
payable
Non-current liabilities due
347,470.00 347,470.00
within a year
Total current liabilities 1,021,361,120.36 1,021,361,120.36
Non-current liabilities:
Long-term borrowings 4,517,110.00 4,517,110.00
Deferred income 3,672,855.36 3,672,855.36
Total non-current liabilities 8,189,965.36 8,189,965.36
Total liabilities 1,029,551,085.72 1,029,551,085.72
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Capital Reserve 1,062,455,644.22 1,062,455,644.22
Other comprehensive
-5,442,139.78 -5,442,139.78
income
Surplus Reserve 223,015,793.80 223,015,793.80
Retained earnings 851,360,603.66 851,360,603.66
Total owners’ equity attributable
2,570,134,782.90 2,570,134,782.90
to the parent company
Minority shareholders’
5,781.64 5,781.64
equity
Total owner’s equity 2,570,140,564.54 2,570,140,564.54
Total liabilities and owners’
3,599,691,650.26 3,599,691,650.26
equity
Balance Sheet, Parent Company
In CNY
The amount involved in the
Items December 31, 2018 January 01, 2019
adjustment
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FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
Current assets:
Monetary capital 137,175,466.27 137,175,466.27
Notes receivable and
737,636.38 737,636.38
accounts receivable
Accounts
737,636.38 737,636.38
receivable
Other receivables 870,739,378.37 870,739,378.37
Other current assets 10,081,272.94 10,081,272.94
Total current assets 1,018,733,753.96 1,018,733,753.96
Non-current assets:
Available-for-sale financial
85,000.00 Inapplicable
assets
Long-term equity
1,376,129,654.08 1,376,129,654.08
investment
Investment in other equity
Inapplicable 85,000.00
instruments
Investment real estate 297,042,937.87 297,042,937.87
Fixed assets 297,517,472.81 297,517,472.81
Construction-in-process 12,041,126.00 12,041,126.00
Intangible assets 35,337,052.82 35,337,052.82
Long-term expenses to be
4,500,638.97 4,500,638.97
apportioned
Deferred income tax asset 952,857.33 952,857.33
Other non-current assets 4,493,971.35 4,493,971.35
Total non-current assets 2,028,100,711.23 2,028,100,711.23
Total assets 3,046,834,465.19 3,046,834,465.19
Current liabilities:
Short term borrowings 505,000,000.00 505,000,000.00
Notes payable and
52,324,191.98 52,324,191.98
accounts payable
Advance Receipts 1,636,520.02 1,636,520.02
Payroll payable to the
11,589,634.34 11,589,634.34
employees
Taxes payable 943,919.26 943,919.26
Other payables 57,997,397.28 57,997,397.28
Including: interest 685,419.80 685,419.80
28
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Full Text
payable
Total current liabilities 629,491,662.88 629,491,662.88
Non-current liabilities:
Deferred income 3,672,855.36 3,672,855.36
Total non-current liabilities 3,672,855.36 3,672,855.36
Total liabilities 633,164,518.24 633,164,518.24
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Capital Reserve 1,068,111,185.32 1,068,111,185.32
Surplus Reserve 223,015,793.80 223,015,793.80
Retained earnings 683,798,086.83 683,798,086.83
Total owner’s equity 2,413,669,946.95 2,413,669,946.95
Total liabilities and owners’
3,046,834,465.19 3,046,834,465.19
equity
2. Note to the retroactive adjustment of the previous comparative data according to the new
standards for financial instruments and the new standards for lease initially implemented
Inapplicable
III. Auditor’s Report
Has the first quarterly report been audited
No
29