FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
FIYTA Precision Technology Co., Ltd.
2020 Third Quarter Report
October, 2020
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter 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 Quarter Report.
Huang Yongfeng, the Company leader, Chen Zhuo, the chief financial officer, and Tian Hui, the manager of the
accounting department (treasurer) hereby confirm authenticity, accuracy and completeness of the financial
report enclosed in the Quarter Report.
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter 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 year
No
Year-on-year increase/decrease
End of the reporting period End of the previous year
in the reporting period
Total assets, in CNY 4,028,147,973.14 3,760,923,285.37 7.11%
Net assets attributable to the
2,747,088,050.30 2,654,533,766.99 3.49%
Company’s shareholders, in CNY
Year-on-year
Increase/decrease as of
From the year beginning increase/decrease from
the reporting period over
Reporting period to the end of the the year beginning to the
the same period of the
reporting period end of the reporting
previous year
period
Revenue in CNY 1,362,598,720.97 42.73% 2,944,433,436.00 7.47%
Net profit attributable to the
137,048,377.83 148.12% 214,787,284.13 20.17%
Company’s shareholders, in CNY
Net profit attributable to the
Company’s shareholders less the 129,723,577.01 133.96% 198,393,054.46 17.34%
non-recurring items, in CNY
Net cash flows arising from operating
112,503,592.52 -22.79% 216,148,827.79 -29.07%
activities, in CNY
Basic earning per share, in CNY/share 0.3165 153.00% 0.4940 22.31%
Diluted earning per share, in
0.3165 153.00% 0.4940 22.31%
CNY/share
Return on equity, weighted average 4.99% 2.94% 7.91% 1.17%
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
-376,069.86
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 to 20,135,145.46
the Company’s business and conform with the national standard amount
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
or quantity)
Accounts receivable separately tested for impairment and reversal of the
134,236.87
impairment provision of contract assets
Other non-operating income and expenses other than the aforesaid
1,288,291.48
items
Less: Amount affected by the income tax 4,787,374.28
Total 16,394,229.67 --
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 and preferred shareholders whose voting rights are recovered and
statement of shareholding by the top 10 shareholders
In shares
Total preference shareholders
Total common shareholders at the end with the voting power recovered
23,854 0
of the reporting period at the end of the reporting period
(if any)
Shareholding by top 10 shareholders
Number of the Pledging or freezing
Names of the Nature of the Shareholding Shareholding
restricted shares Status of the
Shareholders shareholder proportion quantity Quantity
held shares
AVIC International
State corporate 38.07% 162,977,327 0
Holding Limited
China Construction
Bank Corporation -
Penghua Value Domestic
Advantage Hybrid non-state-owned 1.25% 5,331,735 0
Securities legal person
Investment Fund
(LOF)
JPMORGAN
CHASE BANK, Overseas legal
1.07% 4,598,412 0
NATIONAL person
ASSOCIATION
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Domestic natural
# Huang Xuhua 0.93% 3,998,594 0
person
Domestic natural
Song Jianbo 0.65% 2,790,000 0
person
China Construction
Bank Corporation -
Rongtong Internet Domestic
Media Flexible non-state-owned 0.58% 2,470,000 0
Configuration legal person
Hybrid Securities
Investment Fund
Domestic natural
# Zheng Zhenhong 0.58% 2,467,500 0
person
Domestic natural
# Jin Xiaojing 0.50% 2,159,900 0
person
Hua An Fund -
Fujiangnan
Shengfu Tian Ying
Plan A, Issue Domestic
S1601 - 01 - Hua non-state-owned 0.47% 2,000,500 0
An Fund - Jiangnan legal person
Rural Commercial
Bank Single Asset
Management Plan
Domestic natural
# Zhu Kaisheng 0.42% 1,784,126 0
person
Shares held by top 10 shareholders of unrestricted shares
Share type
Names of the Shareholders Quantity of unrestricted shares held
Share type Quantity
CNY ordinary
AVIC International Holding Limited 162,977,327 162,977,327
shares
China Construction Bank Corporation -
CNY ordinary
Penghua Value Advantage Hybrid 5,331,735 5,331,735
shares
Securities Investment Fund (LOF)
JPMORGAN CHASE BANK, NATIONAL CNY ordinary
4,598,412 4,598,412
ASSOCIATION shares
CNY ordinary
# Huang Xuhua 3,998,594 3,998,594
shares
CNY ordinary
Song Jianbo 2,790,000 2,790,000
shares
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
China Construction Bank Corporation -
Rongtong Internet Media Flexible CNY ordinary
2,470,000 2,470,000
Configuration Hybrid Securities shares
Investment Fund
CNY ordinary
# Zheng Zhenhong 2,467,500 2,467,500
shares
CNY ordinary
# Jin Xiaojing 2,159,900 2,159,900
shares
Hua An Fund - Fujiangnan Shengfu Tian
Ying Plan A, Issue S1601 - 01 - Hua An CNY ordinary
2,000,500 2,000,500
Fund - Jiangnan Rural Commercial shares
Bank Single Asset Management Plan
CNY ordinary
# Zhu Kaisheng 1,784,126 1,784,126
shares
Explanation on associated relationship
or consistent action of the above Inapplicable
shareholders
Note to the top 10 shareholders involved
in margin financing & securities lending Inapplicable
(if any)
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual
repurchase during the reporting period?
No
2. Total preferred shareholders and the shareholding by the top 10 preferred shareholders
Inapplicable
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Section 3 Significant Events
I. Changes of the major financial data and financial indicators during the reporting period and the causes
(I) Balance sheet items
Variation
Items Ending balance Opening balance Cause of the movement
proportion
Mainly due to increase of the net flow-in from operating
Monetary capital 440,841,813.69 316,668,565.09 39.21%
activities
Mainly due to growth of the income from the business
Notes receivable 31,643,491.93 10,596,431.31 198.62%
of precision technology.
Mainly due to growth of the income from the watch
Accounts receivable 517,102,018.23 397,471,106.98 30.10% business and income from the business of precision
technology.
Mainly due to decrease of the excess VAT credit over
Other current assets 42,265,897.66 68,858,096.74 -38.62%
the beginning of the year.
Mainly due to increase of the advance payment for
Other non-current assets 20,641,356.90 7,373,248.48 179.95%
refurbishment and equipment over the year beginning.
Mainly due to the influence from the reclassification in
Advance receipts 7,603,874.94 23,433,463.57 -67.55%
compliance with the new income code.
Mainly due to the influence from the reclassification in
Contract liabilities 17,765,957.61 - -
compliance with the new income code.
Mainly due to increase of the VAT and business income
Tax payable 88,754,288.51 24,064,803.00 268.81%
tax payable over the year beginning.
Mainly due to increase of the shopping mall expenses,
Other payables 161,123,219.49 119,616,721.63 34.70%
rent, etc. arising from the revenue growth.
Mainly due to repurchase of the B-shares written-off in
Treasury stock 34,143,512.92 71,267,118.78 -52.09%
the current year.
(II) Items of the Statement of Profit in the Reporting Period
Amount incurred in
Amount incurred in Variation
Items the same period of Cause of the movement
the reporting period proportion
the previous year
Mainly due to the growth of income from the watch
Operating revenue 1,362,598,720.97 954,666,662.24 42.73%
business during the reporting period.
Mainly due to the increase of the operating costs
Operating costs 843,233,284.52 564,943,912.45 49.26% arising from the growth of income from the watch
business during the reporting period.
Mainly due to the increase of the governmental
Other income 9,981,129.79 321,181.31 3007.63%
subsidies received during the reporting period.
Loss from impairment of credit -2,704,695.51 -5,221,223.17 48.20% Mainly due to further enhancement of control over the
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
accounts receivable during the reporting period.
Income from disposal of Mainly due to relatively big amount from disposal of
-175,929.69 -671,226.52 73.79%
assets equipment in the same period of the previous year.
Mainly due to the influence from the donation of
Non-operating expenses 289,010.70 159,270.28 81.46%
anti-epidemic supplies during the reporting period.
Total profit 170,897,842.43 72,234,639.73 136.59% Mainly due to growth of revenue in the reporting period.
Mainly due to growth of the total profit in the reporting
Income tax expense 33,842,369.19 16,999,335.26 99.08%
period.
(III) Items of the Statement of Profit from the Year Beginning to the End of the Reporting Period
Amount incurred in
Amount incurred in Variation
Items the same period of Cause of the movement
the reporting period proportion
the previous year
Mainly due to the impact from the increase of
Taxes and surcharges 14,676,717.58 22,031,072.60 -33.38%
inventories and procurements.
Mainly due to the increase of the governmental
Other income 20,135,145.46 13,366,923.67 50.63%
subsidies received during the reporting period.
Mainly due to increase of the profit of Shanghai Watch
Return on investment 2,160,911.92 1,531,310.06 41.12% Industry, a shareholding enterprise in the reporting
period.
Mainly due to further enhancement of control over the
Loss from impairment of credit -5,172,056.86 -8,302,992.06 37.71%
accounts receivable during the reporting period.
Income from disposal of Mainly due to big amount from disposal of equipment in
-376,069.86 -883,236.65 57.42%
assets the same period of the previous year.
(IV) Items of the Cash Flow Statement from the Year Beginning to the End of the Reporting Period
Amount incurred in
Amount incurred in Variation
Items the same period of Cause of the movement
the reporting period proportion
the previous year
Mainly due to decrease of the rebated export tax and
Rebated tax received 1,592,055.84 5,027,853.96 -68.34% duties arising from the drop of the overseas business
income in the current year affected by COVID-19
Mainly due to the impact from the difference in the input
Various taxes and duties paid 121,220,554.66 187,144,694.13 -35.23%
VAT and output VAT in the current year.
Net cash recovered from
disposal of the fixed assets, Mainly due to decrease in disposal of fixed assets in
84,522.81 203,980.63 -58.56%
intangible assets and other the current year
long-term assets
Cash received from Mainly due to the equity incentive implemented in the
- 18,585,600.00 100.00%
absorption of investment same period of the previous year.
Influence of the change of the
Mainly due to influence on the change of exchange
exchange rate upon cash and -598,916.46 335,308.39 -278.62%
rate.
cash equivalent
During the third quarter, benefited from the resumption of overseas consumption of famous brand watches and recovery
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
of the market of the own proprietary brand as well as continuous carrying forward of quality improvement & efficiency
improvement and transformation & upgrading, the Company achieved a historical high in operating performance in single
quarter in the third quarter; the year-on-year growth rate of revenue was 42.73% and the year-on-year growth rate of total
profit was 136.59%. During the reporting period, the Company continuously kept "war footing", seized the opportunity,
controlled the cost, promoted transformation, the Company realized a positive growth on year-on-year basis in its own
proprietary brand business in a single quarter, the total profit boosted enormously, continuously carried forward channel
upgrading in the retail of world watch retails and the superiority of the channels was further consolidated, and kept
high-speed growth in revenue and total profit; achieved a further breakthrough in digital transformation, provided effective
support for breakthrough in business performance as the customer-centered digital operation system became further
matured and; also made a new breakthrough in exploration of new retail models, such as “live video streaming by web
celebrity”, and made a highest record in a single live broadcasting for sale of watches on the live streaming platform jointly
hosted by Wei Ya and Gao Yuanyuan; in precision technology business, the Company was persistently carrying forward
customer deep ploughing and development of the new market field with the revenue growth rate exceeding 50% and
smoothly boosted the technology reserve for the smart watch business and product development.
During the reporting period, the Company was rated as one of the "Top Ten Enterprises of the Watch Sector of China’s
Light Industry", ranking the first for many consecutive years. Our Chairman was awarded the honorary title of "Tribute to
the 40th Anniversary of the Establishment of the Shenzhen Special Economic Zone and Saluting 40 Persons of Brands "
on behalf of the Company. At the 40th Anniversary Celebration of the Establishment of Shenzhen Special Economic Zone
dated October 14, Sun Lei, the chief designer of the Company, was awarded the honorary title of "Innovative and
Pioneering Figure and Advanced Model Figure" as the only representative of the watch industry.
Looking forward to the future, the Company is optimistic about the huge potential of the domestic consumption market
under the new development pattern of the “Dual Circulation”, shall still pay close attention to the potential impact of the
global epidemic situation and the changes in the competition pattern in the Chinese market, and continue to strengthen
the advantages of our core competition based on “Brand Power, Product Power and Channel Power”; insist on science
and technology leading and innovation driving, speed up digital transformation, increase investment in key fields and
strength creation of the hard core of precision technology and carry forward transformation upgrading and new
breakthrough.
II. Progress of Significant Events and their Impacts and Analysis and Explanation of Solutions
1. Repurchase of Partial Domestically Listed Foreign Shares (B-shares)
The Company held the 19th Session of the Ninth Board of Directors on July 6, 2020 and 2020 2nd Extraordinary General
Meeting on July 23, 2020. The two meetings examined and approved the "Proposal for Repurchase of Partial
Domestically Listed Foreign Shares (B-shares)”, and published the repurchase report and a series of announcements on
the progress according to relevant regulations subsequently. For the detail, please refer to the relevant announcements
disclosed by the Company in www.cninfo.com.cn., the Securities Times and Hong Kong Commercial Daily.
2. Capital Increment in Wholly-owned Subsidiaries
The Company held the 20th session of the Ninth Board of Directors on July 28, 2020. The meeting reviewed and
approved the Proposal on Increasing Capital in Shenzhen FIYTA Precision Technology Ltd., One of the Company’s
Wholly-owned Subsidiaries, the Proposal on Increasing Capital in Shenzhen FIYTA Technology Development Ltd., One of
the Company’s Wholly-owned Subsidiaries, and the Proposal on Increasing Capital in Shenzhen HARMONY
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
E-Commerce Ltd., One of the Company’s Wholly-owned Subsidiaries. The capital increment in the said three
wholly-owned subsidiaries amounted to CNY 90 million, CNY 40 million and CNY 9.50 million respectively. For the detail,
please refer to the relevant announcements disclosed by the Company in www.cninfo.com.cn., the Securities Times and
Hong Kong Commercial Daily.
Inquiry index of the provisional reports
Summary of significant events Date of disclosure
disclosed in the website
Announcement on the Resolution of the 19th
Session of the Ninth Board of Directors, http://www.cninfo.com.cn/
2020-036
July 7, 2020
Proposal for Repurchase of Partial
Domestically Listed Foreign Shares (B-shares), http://www.cninfo.com.cn/
2020-038
Announcement on the Resolution of 2020 2nd
http://www.cninfo.com.cn/
Extraordinary General Meeting, 2020-044
July 24, 2020
Report on Repurchase of Partial Domestically
http://www.cninfo.com.cn/
Listed Foreign Shares (B-shares), 2020-045
Announcement on the Resolution of the 20th
Session of the Ninth Board of Directors, http://www.cninfo.com.cn/
2020-049
Announcement on Capital Increment in
Shenzhen FIYTA Precision Technology Ltd.,
http://www.cninfo.com.cn/
One of the Company’s Wholly-owned
Subsidiaries, 2020-051
Announcement on Capital Increment in July 30, 2020
Shenzhen FIYTA Technology Development
http://www.cninfo.com.cn/
Ltd., One of the Company’s Wholly-owned
Subsidiaries, 2020-052
Announcement on Capital Increment in
Shenzhen HARMONY E-Commerce Ltd., One
http://www.cninfo.com.cn/
of the Company’s Wholly-owned Subsidiaries,
2020-053
Progress of Implementation of the Stock Repurchase
The Company held the 19th Session of the Ninth Board of Directors on July 6, 2020 and 2020 2nd Extraordinary General
Meeting on July 23, 2020. The two meetings examined and approved the "Proposal for Repurchase of Partial
Domestically Listed Foreign Shares (B-shares)”, and published the repurchase report and a series of announcements on
the progress according to relevant regulations subsequently. For the detail, please refer to the relevant announcements
disclosed by the Company in www.cninfo.com.cn., the Securities Times and Hong Kong Commercial Daily.
By the end of the reporting period, the Company accumulatively repurchased 3,414,697 shares in the Company by means
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
of centralized bidding through the special securities account through repurchase, taking 0.80% of the Company's total
capital stock; the highest transaction price of the shares repurchased is HK$6.50/share and the lowest transaction price is
HK$5.93/share and the total amount paid was HK$21,410,437.38 (with the transaction costs, such as the stamp duty,
commission, etc. exclusive). The repurchase of the shares complied with the relevant law and regulations as well as the
vested repurchase plan of the Company.
Progress of implementation of reduction of the holding size of the shares repurchased by centralized bidding
Inapplicable
III. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,
acquirer and the Company, etc. in the reporting period
Inapplicable
IV. Portfolio investment
1. Investment in securities
Inapplicable
2. Investment in derivatives
Inapplicable
V. Progress of the projects invested with the raised capital
Inapplicable
VI. Prediction of the Operating Performance of 2020
Inapplicable
VII. Material Contracts in Day-to-Day Operations
Inapplicable
VIII. Entrusted Financing
Inapplicable
IX. Outward guarantee against regulations
Inapplicable
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
X. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related Parties
Inapplicable
XI. Registration Form of Activities of Reception for Investigation and Survey, Communications, Interviews, etc. in
the Reporting Period
Index of Basic
Main Content of
Time of Place of Way of Types of Visitors Information on the
Visitors Received Discussion and
Reception Reception Reception Received Investigation and
Materials Provided
Survey
Changjiang Securities
Company Limited, Hunan
Yuancheng Investment
Management Co., Ltd.,
Shenzhen Zhongna Bojin
Investment Management
Co., Ltd., CITIC Securities
Company Limited,
The Company
Shenzhen Hengyingfuda
communicated with
Asset Management Limited,
investors on the
Zhuhai Hengqin Changle http://irm.cninfo.com.cn
businesses of watch
Hui Capital Management /ircs/company/compan
August 19, brands, watch retail
Company Field survey Institution Co., Ltd., Infore Capital yDetail?stockcode=000
2020 service, precision
Management Co., Ltd., 026&orgId=gssz00000
technology, new
Zhongrong Fund 26
business
Management Co., Ltd.,
development of
Shenzhen Hillstone Fund
smart watch, etc.
Management Co., Ltd.,
Truvalue Asset
Management Co., Ltd.,
Jinxin Fund Management
Co.,Ltd., Shenzhen Minsen
Investment Co., Ltd. and
Zhongrong Fund
Management Company.
China Merchants Fund
Management Co.,Ltd., Ping
An Fund Management
Company Limited, Shanghai
Chongshan Investment Co.,
Ltd., Shenzhen Upright
Asset Management Co.,
Ltd., Shenzhen KWT
Investment Company, The Company
Shanghai Huahong Asset communicated with
Management Co.,Ltd., investors on the
http://irm.cninfo.com.cn
Shenzhen Qianhai Yunxi businesses of watch
/ircs/company/compan
August 21, Fund Management Co. Ltd., brands, watch retail
Company Field survey Institution yDetail?stockcode=000
2020 Shenzhen Haifuling Capital service, precision
026&orgId=gssz00000
Management Co., Ltd., technology, new
26
Shanghai Tai Yang Asset business
Management Ltd., Penghua development of
Fund Management Co., smart watch, etc.
Ltd., Bosera Asset
Management Co.,Ltd.,
Shenzhen Qianhai
Shengbeile Investment
Management Co.,Ltd. and
Tonsin Financial
International Holdings
Limited
The Company
communicated with
Shenzhen Upright Asset investors on the
http://irm.cninfo.com.cn
Management Co., Ltd., businesses of watch
/ircs/company/compan
August 25, Shanghai Huahong Asset brands, watch retail
Company Field survey Institution yDetail?stockcode=000
2020 Management Co., Ltd., service, precision
026&orgId=gssz00000
China Southern Asset technology, new
26
Management Co., Ltd. business
development of
smart watch, etc.
12
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Section 4. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
September 30, 2020
In CNY
Items September 30, 2020 December 31, 2019
Current assets:
Monetary capital 440,841,813.69 316,668,565.09
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable 31,643,491.93 10,596,431.31
Accounts receivable 517,102,018.23 397,471,106.98
Financing with accounts receivable
Advance payment 12,543,010.78 10,847,962.28
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 59,088,262.37 47,239,844.58
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 1,851,085,988.74 1,808,820,089.92
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 42,265,897.66 68,858,096.74
Total current assets 2,954,570,483.40 2,660,502,096.90
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other equity investment
Long term accounts receivable
Long-term equity investment 48,584,749.77 46,423,837.85
Investment in other equity instruments 85,000.00 85,000.00
Other non-current financial assets
Investment-oriented real estate 396,071,321.43 407,503,307.24
Fixed assets 355,715,871.10 363,997,098.94
Construction-in-process
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 37,576,653.88 38,711,821.26
Development expenses
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Goodwill
Long-term expenses to be apportioned 118,970,575.96 152,587,491.33
Deferred income tax asset 95,931,960.70 83,739,383.37
Other non-current assets 20,641,356.90 7,373,248.48
Other non-current assets 1,073,577,489.74 1,100,421,188.47
Total assets 4,028,147,973.14 3,760,923,285.37
Current liabilities:
Short term borrowings 716,018,456.37 567,908,833.21
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
Derivative financial liabilities
Notes payable 2,523,392.75
Accounts payable 196,109,158.10 279,772,787.37
Advance receipts 7,603,874.94 23,433,463.57
Contract liabilities 17,765,957.61
Income from sale of the repurchased
financial assets
Deposits taking and interbank
placement
Acting trading securities
Acting underwriting securities
Payroll payable 82,407,386.00 82,602,845.67
Tax payable 88,754,288.51 24,064,803.00
Other payables 161,123,219.49 119,616,721.63
Including: interest payable
Dividends payable 1,639,513.77 848,233.27
Service charge and commission
payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year 367,555.00 360,140.00
Other current liabilities
Total current liabilities 1,272,673,288.77 1,097,759,594.45
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings 4,134,993.75 4,321,680.00
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 3,046,090.60 3,046,090.60
Deferred income tax liability 1,192,721.71 1,256,242.49
Other non-current liabilities
Total non-current liabilities 8,373,806.06 8,624,013.09
Total liabilities 1,281,047,094.83 1,106,383,607.54
Owner’s equity:
Capital stock 428,124,881.00 442,968,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Capital Reserve 1,020,369,728.84 1,081,230,215.32
Less: shares in stock 34,143,512.92 71,267,118.78
Other comprehensive income 1,042,046.91 -940,209.09
Special reserve
Surplus reserve 235,701,180.14 235,701,180.14
Reserve against general risks
Retained earnings 1,095,993,726.33 966,840,818.40
Total owners’ equity attributable to the
2,747,088,050.30 2,654,533,766.99
parent company
Minority shareholders’ equity 12,828.01 5,910.84
Total owner’s equity 2,747,100,878.31 2,654,539,677.83
Total liabilities and owners’ equity 4,028,147,973.14 3,760,923,285.37
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
Person in charge of the Accounting Department: Tian Hui
2. Balance Sheet, Parent Company
In CNY
Items September 30, 2020 December 31, 2019
Current assets:
Monetary capital 382,704,156.08 270,673,346.02
Transactional financial assets
Derivative financial assets
Notes receivable
Accounts receivable 4,601,359.38 2,848,025.39
Financing with accounts receivable
Advance payment
Other receivables 554,793,665.23 783,647,732.22
Including: Interest receivable
Dividends receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 14,867,043.32 12,380,243.67
Total current assets 956,966,224.01 1,069,549,347.30
Non-current assets:
Equity investment
Other equity investment
15
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Long term accounts receivable
Long-term equity investment 1,525,691,030.77 1,380,895,239.27
Investment in other equity instruments 85,000.00 85,000.00
Other non-current financial assets
Investment-oriented real estate 320,595,550.70 329,970,083.18
Fixed assets 233,343,607.87 238,594,698.50
Construction-in-process
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 27,776,395.34 30,925,974.54
Development expenses
Goodwill
Long-term expenses to be apportioned 11,351,518.54 12,106,759.98
Deferred income tax asset 1,376,549.26 1,125,840.75
Other non-current assets 978,090.78 4,707,236.86
Other non-current assets 2,121,197,743.26 1,998,410,833.08
Total assets 3,078,163,967.27 3,067,960,180.38
Current liabilities:
Short term borrowings 590,589,473.11 540,650,622.50
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 1,472,585.49 12,952,934.93
Advance receipts 7,603,874.94 3,434,407.04
Contract liabilities
Payroll payable 16,736,608.17 19,019,554.57
Tax payable 2,918,105.69 1,713,130.68
Other payables 172,983,998.72 82,631,590.46
Including: interest payable
Dividends payable 1,639,513.77 848,233.27
Held-for-sale liabilities
Non-current liabilities due within a year
Other current liabilities
16
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Total current liabilities 792,304,646.12 660,402,240.18
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 3,046,090.60 3,046,090.60
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 3,046,090.60 3,046,090.60
Total liabilities 795,350,736.72 663,448,330.78
Owner’s equity:
Capital stock 428,124,881.00 442,968,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,026,025,269.94 1,086,885,756.42
Less: shares in stock 34,143,512.92 71,267,118.78
Other comprehensive income
Special reserve
Surplus reserve 235,701,180.14 235,701,180.14
Retained earnings 627,105,412.39 710,223,150.82
Total owner’s equity 2,282,813,230.55 2,404,511,849.60
Total liabilities and owners’ equity 3,078,163,967.27 3,067,960,180.38
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
Person in charge of the Accounting Department: Tian Hui
3. Consolidated Profit Statement
In CNY
17
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 1,362,598,720.97 954,666,662.24
Including: operating income 1,362,598,720.97 954,666,662.24
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 1,198,816,461.60 876,598,070.04
Including: Operating costs 843,233,284.52 564,943,912.45
Interest payment
Service charge and commission
payment
Surrender value
Compensation expenses, net
Appropriation of deposit for duty,
net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 7,405,733.89 6,936,197.27
Sales costs 260,163,151.98 223,791,184.02
Administrative expenses 64,037,821.40 58,166,098.53
R & D expenditures 14,061,457.65 14,631,757.35
Financial expenses 9,915,012.16 8,128,920.42
Where: Interest cost 5,972,320.59 6,261,557.28
Interest income 988,152.65 646,724.70
Plus: Other income 9,981,129.79 321,181.31
Investment income (loss is stated
with “-”)
Including: return on investment in
associates and joint ventures
Income from the derecognition
of the financial assets measured at amortised
cost
Exchange income (loss stated with
“-”)
Net exposure hedge income (loss
18
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
stated with “-”)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit (loss
-2,704,695.51 -5,221,223.17
is stated with “-”)
Loss from impairment of assets (loss
-298,243.29
is stated with “-”)
Income from disposal of assets (loss
-175,929.69 -671,226.52
is stated with “-”)
III. Operating Profit (loss is stated with “-”) 170,882,763.96 72,199,080.53
Plus: Non-operating income 304,089.17 194,829.48
Less: non-operating expenditures 289,010.70 159,270.28
IV. Total profit (total loss is stated with “-”) 170,897,842.43 72,234,639.73
Less: Income tax expense 33,842,369.19 16,999,335.26
V. Net Profit (net loss is stated with “-”) 137,055,473.24 55,235,304.47
(I) Classification based on operation
sustainability
1. Net Profit from sustainable operation
137,055,473.24 55,235,304.47
(net loss is stated with “-”)
2. Net Profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
(II) Classification by ownership 137,048,377.83 55,235,304.47
2. Minority shareholders’ gain/loss 7,095.41
VI. Net of other comprehensive income after
-2,340,800.66 2,338,089.70
tax
Net of other comprehensive income after
tax attributable to the parent company’s -2,347,621.58 2,337,932.27
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
19
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
-2,347,621.58 2,337,932.27
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. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of the
credit of the other debt investment
5. Reserve for cash flow hedge
6. Conversion difference in foreign
-2,347,621.58 2,337,932.27
currency statements
7. Others
Net amount of other comprehensive
income after tax attributable to minority 6,820.92 157.43
shareholders
VII. Total comprehensive income 134,714,672.58 57,573,394.17
Total comprehensive income attributable
134,700,756.25 57,573,236.74
to the parent company’s owner
Total comprehensive income attributable
13,916.33 157.43
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.3165 0.1251
(II) Diluted earnings per share 0.3165 0.1251
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
4. Profit Statement, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
20
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
I. Revenue 34,456,446.13 33,546,911.62
Less: Operating cost 10,273,343.94 5,542,524.31
Taxes and surcharges 1,034,115.18 1,069,002.12
Sales costs 446,985.73 309,531.74
Administrative expenses 20,777,543.95 19,357,558.70
R & D expenditures 5,132,505.68 3,775,597.88
Financial expenses 723,880.29 2,197,814.39
Where: Interest cost 1,663,358.72 2,484,924.80
Interest income 879,329.31 581,627.16
Plus: Other income 5,031,830.00 17,728.76
Investment income (loss is stated
with “-”)
Including: return on investment in
associates and joint ventures
Income from the
derecognition of the financial assets
measured at amortised cost
Net exposure hedge income (loss
stated with “-”)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
(loss is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
-1,341.79 -644,966.93
(loss is stated with “-”)
II. Operating Profit (loss is stated with “-”) 1,098,559.57 667,644.31
Plus: Non-operating income 152,070.00 22,200.00
Less: non-operating expenditures 15,864.83 10,174.24
III. Total profit (total loss is stated with “-”) 1,234,764.74 679,670.07
Less: Income tax expense 364,641.77
IV. Net Profit (net loss is stated with “-”) 1,234,764.74 315,028.30
(I) Net Profit from sustainable operation
1,234,764.74 315,028.30
(net loss is stated with “-”)
(II) Net Profit from termination of
operation (net loss is stated with “-”)
21
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net liabilities
and net assets re-measured for setting the
beneficial plan
2. Other comprehensive income
which cannot be converted into gain and
loss based on the equity method
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
shall be re-classified into gain and loss
1. Other comprehensive income
which can be converted into gain and loss
based on the equity method
2. Movement of the fair value of
the investment in other debt instruments
3. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of
the credit of the other debt investment
5. Reserve for cash flow hedge
6. Conversion difference in
foreign currency statements
7. Others
VI. Total comprehensive income 1,234,764.74 315,028.30
VII. Earnings per share:
(I) Basic earnings per share 0.0028 0.0007
(II) Diluted earnings per share 0.0028 0.0007
22
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
Person in charge of the Accounting Department: Tian Hui
5. Consolidated Profit Statement from the Year Beginning to the End of the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 2,944,433,436.00 2,739,702,682.47
Including: operating income 2,944,433,436.00 2,739,702,682.47
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 2,699,924,997.52 2,511,091,261.78
Including: Operating costs 1,820,668,961.39 1,616,447,987.67
Interest payment
Service charge and commission
payment
Surrender value
Compensation expenses, net
Appropriation of deposit for duty,
net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 14,676,717.58 22,031,072.60
Sales costs 641,091,464.49 639,567,212.97
Administrative expenses 162,278,170.13 174,518,933.95
R & D expenditures 34,765,728.41 34,158,168.28
Financial expenses 26,443,955.52 24,367,886.31
Where: Interest cost 19,457,991.26 18,285,401.21
Interest income 3,470,874.47 1,555,575.62
Plus: Other income 20,135,145.46 13,366,923.67
Investment income (loss is stated
2,160,911.92 1,531,310.06
with “-”)
Including: return on investment in
2,160,911.92 1,531,310.06
associates and joint ventures
23
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Income from the derecognition
of the financial assets measured at amortised
cost
Exchange income (loss stated with
“-”)
Net exposure hedge income (loss
stated with “-”)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit (loss
-5,172,056.86 -8,302,992.06
is stated with “-”)
Loss from impairment of assets (loss
2,216,497.57
is stated with “-”)
Income from disposal of assets (loss
-376,069.86 -883,236.65
is stated with “-”)
III. Operating Profit (loss is stated with “-”) 261,256,369.14 236,539,923.28
Plus: Non-operating income 1,695,948.59 489,141.18
Less: non-operating expenditures 407,657.11 683,776.26
IV. Total profit (total loss is stated with “-”) 262,544,660.62 236,345,288.20
Less: Income tax expense 47,750,281.08 57,614,522.82
V. Net Profit (net loss is stated with “-”) 214,794,379.54 178,730,765.38
(I) Classification based on operation
sustainability
1. Net Profit from sustainable operation
214,794,379.54 178,730,765.38
(net loss is stated with “-”)
2. Net Profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
(II) Classification by ownership 214,787,284.13 178,730,765.38
2. Minority shareholders’ gain/loss 7,095.41
VI. Net of other comprehensive income after
1,989,173.17 4,087,510.57
tax
Net of other comprehensive income after
tax attributable to the parent company’s 1,982,256.00 4,087,339.47
owner
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net liabilities
24
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
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
1,982,256.00 4,087,339.47
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. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of the
credit of the other debt investment
5. Reserve for cash flow hedge
6. Conversion difference in foreign
1,982,256.00 4,087,339.47
currency statements
7. Others
Net amount of other comprehensive
income after tax attributable to minority 6,917.17 171.10
shareholders
VII. Total comprehensive income 216,783,552.71 182,818,275.95
Total comprehensive income attributable
216,769,540.13 182,818,104.85
to the parent company’s owner
Total comprehensive income attributable
14,012.58 171.10
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.4940 0.4039
(II) Diluted earnings per share 0.4940 0.4039
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
25
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Person in charge of the Accounting Department: Tian Hui
6. Profit Statement from the Year Beginning to the End of the Reporting Period, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 91,769,664.54 97,671,851.57
Less: Operating cost 27,899,734.18 17,350,450.21
Taxes and surcharges 2,650,223.33 3,326,021.04
Sales costs 1,044,603.75 891,567.77
Administrative expenses 52,184,214.92 59,140,707.86
R & D expenditures 13,121,598.22 12,922,187.52
Financial expenses 4,182,255.68 5,445,503.71
Where: Interest cost 7,027,728.92 6,492,451.34
Interest income 3,243,236.75 1,357,673.60
Plus: Other income 9,366,586.32 7,761,424.65
Investment income (loss is stated
2,160,911.92 1,531,310.06
with “-”)
Including: return on investment in
2,160,911.92 1,531,310.06
associates and joint ventures
Income from the
derecognition of the financial assets
measured at amortised cost
Net exposure hedge income (loss
stated with “-”)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
-100,902.52 -64,803.91
(loss is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
-16,983.37 -647,041.13
(loss is stated with “-”)
II. Operating Profit (loss is stated with “-”) 2,096,646.81 7,176,303.13
Plus: Non-operating income 185,147.28 40,200.00
Less: non-operating expenditures 15,864.83 210,174.24
III. Total profit (total loss is stated with “-”) 2,265,929.26 7,006,328.89
26
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Less: Income tax expense -250,708.51 1,538,814.16
IV. Net Profit (net loss is stated with “-”) 2,516,637.77 5,467,514.73
(I) Net Profit from sustainable operation
2,516,637.77 5,467,514.73
(net loss is stated with “-”)
(II) Net Profit from termination of
operation (net loss is stated with “-”)
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net liabilities
and net assets re-measured for setting the
beneficial plan
2. Other comprehensive income
which cannot be converted into gain and
loss based on the equity method
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
shall be re-classified into gain and loss
1. Other comprehensive income
which can be converted into gain and loss
based on the equity method
2. Movement of the fair value of
the investment in other debt instruments
3. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of
the credit of the other debt investment
5. Reserve for cash flow hedge
6. Conversion difference in
foreign currency statements
7. Others
VI. Total comprehensive income 2,516,637.77 5,467,514.73
27
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
VII. Earnings per share:
(I) Basic earnings per share 0.0058 0.0123
(II) Diluted earnings per share 0.0058 0.0123
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
Person in charge of the Accounting Department: Tian Hui
7. Consolidated Cash Flow Statement from the Year Beginning to the End of the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Net cash flows arising from operating
activities:
Cash received from sales of goods and
3,097,232,379.30 2,957,222,327.75
supply of labor service
Net increase of customers’ deposits
and inter-bank deposits
Net increase of borrowings from the
central bank
Net increase of borrowings from other
financial institutions
Cash received from the premium of the
original insurance contract
Net cash received from the reinsurance
business
Net increase of the reserve from policy
holders and investment
Cash received from interest, service
charge and commission
Net increase of loan from other banks
Net increase of fund from repurchase
business
Net cash received from securities
trading on commission
Rebated tax received 1,592,055.84 5,027,853.96
Other operation activity related cash
52,861,160.51 62,653,660.31
receipts
Subtotal of cash flow in from operating 3,151,685,595.65 3,024,903,842.02
28
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
activity
Cash paid for purchase of goods and
2,086,461,819.63 1,726,446,571.91
reception of labor services
Net increase of loans and advances to
customers
Net increase of due from central bank
and due from other banks
Cash from payment for settlement of
the original insurance contract
Net increase of the lending capital
Cash paid for interest, service charge
and commission
Cash for payment of policy dividend
Cash paid to and for staff 429,628,382.76 448,253,502.51
Various taxes and duties paid 121,220,554.66 187,144,694.13
Other business activity related cash
298,226,010.81 358,331,158.96
payments
Subtotal of cash flow out from operating
2,935,536,767.86 2,720,175,927.51
activity
Net cash flows arising from operating
216,148,827.79 304,727,914.51
activities
II. Net cash flow arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment income
Net cash recovered from disposal of
the fixed assets, intangible assets and other 84,522.81 203,980.63
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
84,522.81 203,980.63
activity
Cash paid for purchase/construction of
fixed assets, intangible assets and other 90,396,549.63 120,991,258.41
long term assets
Cash paid for investment
29
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Net increase of the pledged loan
Net cash paid for acquisition of
subsidiaries and other operating units
Other investment related cash
payments
Subtotal of cash flow out from investment
90,396,549.63 120,991,258.41
activity
Net cash flow arising from investment
-90,312,026.82 -120,787,277.78
activities
III. Net cash flow arising from financing
activities:
Cash received from absorption of
18,585,600.00
investment
Including: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 722,430,000.00 597,562,376.07
Other fund-raising related cash receipts
Subtotal of cash flow in from fund raising
722,430,000.00 616,147,976.07
activity
Cash paid for debt repayment 574,529,887.95 548,724,597.97
Cash paid for dividend/profit
104,338,909.03 105,454,043.34
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Cash paid for other financing activities 44,625,838.93 39,785,028.98
Sub-total of cash flow paid for financing
723,494,635.91 693,963,670.29
activities
Net cash flow arising from financing
-1,064,635.91 -77,815,694.22
activities
IV. Influence of the change of exchange rate
-598,916.46 335,308.39
on the cash and cash equivalents
V. Net increase of cash and cash
124,173,248.60 106,460,250.90
equivalents
Plus: Opening balance of cash and
315,093,565.09 162,623,059.97
cash equivalents
VI. Ending balance of cash and cash
439,266,813.69 269,083,310.87
equivalents
30
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo
Person in charge of the Accounting Department: Tian Hui
8. Cash Flow Statement from the Year Beginning to the End of the Reporting Period, Parent Company
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 and
119,137,070.41 105,592,825.76
supply of labor service
Rebated tax received
Other operation activity related cash
3,011,984,090.35 2,875,812,023.94
receipts
Subtotal of cash flow in from operating
3,131,121,160.76 2,981,404,849.70
activity
Cash paid for purchase of goods and
reception of labor services
Cash paid to and for staff 47,835,903.16 58,785,766.63
Various taxes and duties paid 7,536,504.27 7,943,935.36
Other business activity related cash
2,711,117,168.79 2,719,708,117.98
payments
Subtotal of cash flow out from operating
2,766,489,576.22 2,786,437,819.97
activity
Net cash flows arising from operating
364,631,584.54 194,967,029.73
activities
II. Net cash flow arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment income
Net cash recovered from disposal of
the fixed assets, intangible assets and other 1,550.00 134,060.00
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 1,550.00 134,060.00
31
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
activity
Cash paid for purchase/construction of
fixed assets, intangible assets and other 16,237,898.29 33,684,664.21
long term assets
Cash paid for investment 139,500,000.00
Net cash paid for acquisition of
subsidiaries and other operating units
Other investment related cash
payments
Subtotal of cash flow out from investment
155,737,898.29 33,684,664.21
activity
Net cash flow arising from investment
-155,736,348.29 -33,550,604.21
activities
III. Net cash flow arising from financing
activities:
Cash received from absorption of
18,585,600.00
investment
Cash received from loans 600,000,000.00 570,000,000.00
Other fund-raising related cash receipts
Subtotal of cash flow in from fund raising
600,000,000.00 588,585,600.00
activity
Cash paid for debt repayment 550,000,000.00 505,000,000.00
Cash paid for dividend/profit
102,195,242.57 104,638,171.74
distribution or repayment of interest
Cash paid for other financing activities 44,625,838.93 39,785,028.98
Sub-total of cash flow paid for financing
696,821,081.50 649,423,200.72
activities
Net cash flow arising from financing
-96,821,081.50 -60,837,600.72
activities
IV. Influence of the change of exchange rate
-43,344.69 51,655.47
on the cash and cash equivalents
V. Net increase of cash and cash
112,030,810.06 100,630,480.27
equivalents
Plus: Opening balance of cash and
269,098,346.02 134,970,466.27
cash equivalents
VI. Ending balance of cash and cash
381,129,156.08 235,600,946.54
equivalents
32
FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
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 revenues and the new standards for lease initially implemented commencing from 2020
Is it necessary to adjust the balance sheet at the year beginning
Yes
Consolidated Balance Sheet
In CNY
Items December 31, 2019 January 01, 2020 Amount adjusted
Current assets:
Monetary capital 316,668,565.09 316,668,565.09
Settlement reserve
Inter-bank lending
Transactional financial
assets
Derivative financial assets
Notes receivable 10,596,431.31 10,596,431.31
Accounts receivable 397,471,106.98 397,471,106.98
Financing with accounts
receivable
Advance payment 10,847,962.28 10,847,962.28
Receivable premium
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Other receivables 47,239,844.58 47,239,844.58
Including: Interest
receivable
Dividends
receivable
Redemptory monetary
capital for sale
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Inventories 1,808,820,089.92 1,808,820,089.92
Contract assets
Held-for-sale assets
Non-current assets due
within a year
Other current assets 68,858,096.74 68,858,096.74
Total current assets 2,660,502,096.90 2,660,502,096.90
Non-current assets:
Loan issuing and advance
in cash
Equity investment
Other equity investment
Long term accounts
receivable
Long-term equity
46,423,837.85 46,423,837.85
investment
Investment in other equity
85,000.00 85,000.00
instruments
Other non-current financial
assets
Investment-oriented real
407,503,307.24 407,503,307.24
estate
Fixed assets 363,997,098.94 363,997,098.94
Construction-in-process
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 38,711,821.26 38,711,821.26
Development expenses
Goodwill
Long-term expenses to be
152,587,491.33 152,587,491.33
apportioned
Deferred income tax asset 83,739,383.37 83,739,383.37
Other non-current assets 7,373,248.48 7,373,248.48
Other non-current assets 1,100,421,188.47 1,100,421,188.47
Total assets 3,760,923,285.37 3,760,923,285.37
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Current liabilities:
Short term borrowings 567,908,833.21 567,908,833.21
Borrowings from central
bank
Loans from other banks
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable
Accounts payable 279,772,787.37 279,772,787.37
Advance receipts 23,433,463.57 3,434,407.04 -19,999,056.53
Contract liabilities 19,999,056.53 19,999,056.53
Income from sale of the
repurchased financial assets
Deposits taking and
interbank placement
Acting trading securities
Acting underwriting
securities
Payroll payable 82,602,845.67 82,602,845.67
Tax payable 24,064,803.00 24,064,803.00
Other payables 119,616,721.63 119,616,721.63
Including: interest
payable
Dividends payable 848,233.27 848,233.27
Service charge and
commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due
360,140.00 360,140.00
within a year
Other current liabilities
Total current liabilities 1,097,759,594.45 1,097,759,594.45
Non-current liabilities:
Reserve for insurance
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
contract
Long-term borrowings 4,321,680.00 4,321,680.00
Bonds payable
Including: preferred
shares
Perpetual bond
Lease liabilities
Long-term accounts
payable
Long-term payroll payable
Estimated liabilities
Deferred income 3,046,090.60 3,046,090.60
Deferred income tax liability 1,256,242.49 1,256,242.49
Other non-current liabilities
Total non-current liabilities 8,624,013.09 8,624,013.09
Total liabilities 1,106,383,607.54 1,106,383,607.54
Owner’s equity:
Capital stock 442,968,881.00 442,968,881.00
Other equity instruments
Including: preferred
shares
Perpetual bond
Capital Reserve 1,081,230,215.32 1,081,230,215.32
Less: shares in stock 71,267,118.78 71,267,118.78
Other comprehensive
-940,209.09 -940,209.09
income
Special reserve
Surplus reserve 235,701,180.14 235,701,180.14
Reserve against general
risks
Retained earnings 966,840,818.40 966,840,818.40
Total owners’ equity attributable
2,654,533,766.99 2,654,533,766.99
to the parent company
Minority shareholders’
5,910.84 5,910.84
equity
Total owner’s equity 2,654,539,677.83 2,654,539,677.83
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Total liabilities and owners’
3,760,923,285.37 3,760,923,285.37
equity
Balance Sheet, Parent Company
In CNY
Items December 31, 2019 January 01, 2020 Amount adjusted
Current assets:
Monetary capital 270,673,346.02 270,673,346.02
Transactional financial
assets
Derivative financial assets
Notes receivable
Accounts receivable 2,848,025.39 2,848,025.39
Financing with accounts
receivable
Advance payment
Other receivables 783,647,732.22 783,647,732.22
Including: Interest
receivable
Dividends
receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due
within a year
Other current assets 12,380,243.67 12,380,243.67
Total current assets 1,069,549,347.30 1,069,549,347.30
Non-current assets:
Equity investment
Other equity investment
Long term accounts
receivable
Long-term equity
1,380,895,239.27 1,380,895,239.27
investment
Investment in other equity 85,000.00 85,000.00
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
instruments
Other non-current financial
assets
Investment-oriented real
329,970,083.18 329,970,083.18
estate
Fixed assets 238,594,698.50 238,594,698.50
Construction-in-process
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 30,925,974.54 30,925,974.54
Development expenses
Goodwill
Long-term expenses to be
12,106,759.98 12,106,759.98
apportioned
Deferred income tax asset 1,125,840.75 1,125,840.75
Other non-current assets 4,707,236.86 4,707,236.86
Other non-current assets 1,998,410,833.08 1,998,410,833.08
Total assets 3,067,960,180.38 3,067,960,180.38
Current liabilities:
Short term borrowings 540,650,622.50 540,650,622.50
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable
Accounts payable 12,952,934.93 12,952,934.93
Advance receipts 3,434,407.04 3,434,407.04
Contract liabilities
Payroll payable 19,019,554.57 19,019,554.57
Tax payable 1,713,130.68 1,713,130.68
Other payables 82,631,590.46 82,631,590.46
Including: interest
payable
Dividends payable 848,233.27 848,233.27
Held-for-sale liabilities
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 660,402,240.18 660,402,240.18
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: preferred
shares
Perpetual bond
Lease liabilities
Long-term accounts
payable
Long-term payroll payable
Estimated liabilities
Deferred income 3,046,090.60 3,046,090.60
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 3,046,090.60 3,046,090.60
Total liabilities 663,448,330.78 663,448,330.78
Owner’s equity:
Capital stock 442,968,881.00 442,968,881.00
Other equity instruments
Including: preferred
shares
Perpetual bond
Capital Reserve 1,086,885,756.42 1,086,885,756.42
Less: shares in stock 71,267,118.78 71,267,118.78
Other comprehensive
income
Special reserve
Surplus reserve 235,701,180.14 235,701,180.14
Retained earnings 710,223,150.82 710,223,150.82
Total owner’s equity 2,404,511,849.60 2,404,511,849.60
Total liabilities and owners’
3,067,960,180.38 3,067,960,180.38
equity
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FIYTA Precision Technology Co., Ltd. 2020 Third Quarter Report, Full Text
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
revenue and the new standards for lease to be implemented commencing from year 2020
Inapplicable
III. Auditor’s Report
Has the third quarter report been audited
No
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