FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2021-092
FIYTA Precision Technology Co., Ltd.
2021 Third Quarter Report
The Company and all members of the Board of Directors ensure that the information disclosed is authentic, accurate
and complete, and there are no false records, misleading statements or significant omissions.
Important Notice:
1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually
and collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and
confirm that there are neither material omissions nor errors which would render any statement misleading.
2. The Company leader, the chief financial officer, and the manager of the accounting department (treasurer) hereby
confirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarter Report.
3. Has the Third Quarter Report been audited
No
I. Financial Highlights
(I) Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year
No
Increase/decrease from
Increase/decrease in the
year beginning to the end
reporting period vs the From year beginning to the
Reporting period of the reporting period vs
same period of the previous end of the reporting period
the same period of the
year
previous year
Revenue, in CNY 1,307,278,222.69 -4.06% 4,084,797,744.03 38.73%
Net profit attributable to the
Company’s shareholders, 109,034,679.41 -20.44% 342,579,405.96 59.50%
in CNY
Net profit attributable to the
Company’s shareholders
104,537,027.94 -19.42% 328,333,261.36 65.50%
less the non-recurring
items, in CNY
Net cash flows arising from
—— —— 368,210,753.30 70.35%
operating activities, in CNY
Basic earning per share, in
0.2574 -18.67% 0.7995 61.84%
CNY/share
Diluted earning per share,
0.2574 -18.67% 0.7995 61.84%
in CNY/share
Return on equity, weighted
3.75% -1.24% 11.84% 3.93%
average
Increase/decrease at the end of the year vs the end of
End of the reporting period End of the previous year
the previous year
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Total assets , in CNY 4,145,244,323.84 4,018,712,700.18 3.15%
Owner’s equity attributable
to the Company’s 2,968,058,560.23 2,799,948,388.09 6.00%
shareholders, in CNY
(II) Non-recurring gain/loss items and the amount involved
In CNY
Amount from year
Amount in the reporting
Items beginning to the end of Note
period
the reporting period
Gain/loss from disposal of non-current assets, including
the part written-off with the provision for impairment of -106,887.07 -180,694.53
assets.
The government subsidies included in the profits and
losses of the current period (excluding government grants
which are closely related to the Company’s normal 6,182,455.48 18,295,951.76
business and conform with the national standard amount
or quantity)
Reversal of provision for impairment of accounts
976,332.27
receivable that has been separately tested for impairment
Other non-operating income and expenses other than the
-456,482.95 -1,044,173.80
aforesaid items
Less: Amount affected by the income tax 1,121,433.99 3,801,271.10
Total 4,497,651.47 14,246,144.60 --
Details of other gains and losses in compliance with the definition of non-recurring gains and losses.
Inapplicable
Explanation of the non-recurring gains and losses listed in the CSRC Announcement [2008] No.43 -- Explanatory
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public as recurring gains
and losses
Inapplicable
(III) State ment of Change in the Major Accounting Data and Financial Indicators and the Causes
(I) Consolidated Balance Sheet Items
End of the reporting End of the previous Variation
Items Cause of the movement
period year proportion
42,586,423.95 75,935,141.76 -43.92% Mainly due to the decrease in retained value-
Other current assets
added tax over the beginning of the year.
145,353,524.96 - - Mainly due to the influence from the
Use right assets implementation of the new standards for lease in
the current year.
48,475,040.61 13,536,307.13 258.11% Mainly due to the increase in advance payment
Other non-current assets
for the purchase of office properties.
372,777,721.19 542,673,278.09 -31.31% Mainly due to the repayment of part of the due
Short term loans
borrowings.
It was mainly due to the increase in repurchase
obligations brought about by the implementation
223,584,214.88 128,577,597.94 73.89% of the second phase of the equity incentive plan
Other payables
and the increase in associated revenue which
resulted in the increase in payable costs of
shopping mall.
Non-current liabilities due within a 92,008,265.22 370,030.00 24765.08% Mainly due to the influence from the
implementation of the new standards for lease in
year
the current year.
55,169,067.99 - - Mainly due to the influence from the
Lease liabilities implementation of the new standards for lease in
the current year.
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
-6,867,832.78 976,871.41 -803.04% Mainly due to the influence from the change of
Other comprehensive income the translation balance of foreign currency
statements.
(II) Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting period
Amount incurred in Amount incurred in Variation
Items Cause of the movement
the reporting period the previous period proportion
4,084,797,744.03 2,944,433,436.00 38.73% Mainly due to the increase in sales of the
Operating revenue
principal businesses.
26,025,661.25 14,676,717.58 77.33% Mainly due to the increase in value-added tax
Taxes and surcharges
corresponding to the increase in sales.
-1,039,778.07 -5,172,056.86 79.90% Mainly due to the decrease in provision of
Loss from impairment of credit accounts receivable compared with the same
period last year.
(III) Cash flow statement items from the beginning of the year to the end of the reporting period
Amount incurred in Amount incurred in Variation
Items Cause of the movement
the reporting period the previous period proportion
Cash received from sales of goods 4,500,004,848.59 3,097,232,379.30 45.29% Mainly due to the increase in sales of the
and supply of services principal businesses.
332,318.54 1,592,055.84 -79.13% Mainly due to the impact of COVID-19, the
Rebated taxes received export tax rebated decreased due to the decline
in overseas business income.
Cash paid for purchase of goods and 2,996,540,264.43 2,086,461,819.63 43.62% Mainly due to growth of goods procurement for
reception of labor services the retail business of HARMONY World Watch
248,687,302.73 121,220,554.66 105.15% Mainly due to the increase in value-added tax
Various taxes paid and business income tax corresponding to the
increase in sales.
Cash paid for purchase/construction 154,549,937.25 90,396,549.63 70.97% Mainly due to the increase in expenses for store
of fixed assets, intangible assets and
refurbishment.
other long term assets
Cash received from absorbing 58,216,000.00 - - Mainly due to the implementation of the equity
investment incentive scheme Phase II.
Cash paid for dividend/profit 187,013,299.32 104,338,909.03 79.24%
Mainly due to increase of the cash dividends.
distribution or repayment of interest
Other fund-raising activity related 58,958,288.96 44,625,838.93 32.12% Mainly due to the impact of the changes in the
accounting requirements of the new lease
cash payments
standard.
II. Information of the Shareholders
(I) Total number of the common shareholders and preference shareholders whose voting rights are restored and
shares held by the top 10 shareholders
In shares
Total preference shareholders
Total common shareholders at the end of the reporting with the voting power recovered
31,945 0
period at the end of the reporting period
(if any)
Shareholding by top 10 shareholders
Pledging, marking or freezing
Shareholdi Number of the
Nature of the Number of
Names of the Shareholders ng restricted shares
shareholder shares held Status of the
proportion held Quantity
shares
AVIC International Holding Limited State corporate 38.23% 162,977,327 0
Bank of China Ltd.- Penghua Huizhi
Domestic non-state-
Optimized Hybrid Securities Investment 3.09% 13,190,494 0
owned legal person
Fund
Guoxin Investment Co., Ltd. State corporate 1.82% 7,739,898 0
Construction Bank of China - Penghua
Domestic non-state-
Value Superiority Hybrid Securities 1.16% 4,947,442 0
owned legal person
Investment Fund (LOF)
Domestic non-state-
Bank of China Ltd. - Penghua High 1.08% 4,601,634 0
owned legal person
Quality Growth Hybrid Securities
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Investment Fund
Huatai Securities Co., Ltd. State corporate 0.59% 2,508,866 0
GF Fund－Guoxin Investment Co., Ltd.
Domestic non-state-
－GF Fund－GUO XIN No. 6（QDII） owned legal person 0.49% 2,091,001 0
Single Asset Management Plan"
Construction Bank of China - Penghua
Domestic non-state-
Selected Growth Hybrid Securities 0.47% 2,020,734 0
owned legal person
Investment Fund
Domestic natural
Qiu Hong 0.47% 2,000,000 0
person
Wanlian Securities Co., Ltd. State corporate 0.33% 1,400,000 0
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
Bank of China Ltd. - Penghua Huizhi Optimized Hybrid CNY ordinary
13,190,494 13,190,494
Securities Investment Fund shares
CNY ordinary
Guoxin Investment Co., Ltd. 7,739,898 7,739,898
shares
Construction Bank of China - Penghua Value Superiority CNY ordinary
4,947,442 4,947,442
Hybrid Securities Investment Fund (LOF) shares
Bank of China Ltd. - Penghua High Quality Growth Hybrid CNY ordinary
4,601,634 4,601,634
Securities Investment Fund shares
CNY ordinary
Huatai Securities Co., Ltd. 2,508,866 2,508,866
shares
GF Fund－Guoxin Investment Co., Ltd. －GF Fund－GUO CNY ordinary
2,091,001 2,091,001
XIN No. 6（QDII）Single Asset Management Plan" shares
Construction Bank of China - Penghua Selected Growth CNY ordinary
2,020,734 2,020,734
Hybrid Securities Investment Fund shares
CNY ordinary
Qiu Hong 2,000,000 2,000,000
shares
CNY ordinary
Wanlian Securities Co., Ltd. 1,400,000 1,400,000
shares
Explanation on associated relationship or consistent action
Inapplicable
of the above shareholders
Note to the top 10 shareholders involved in margin financing
Inapplicable
& securities lending (if any)
(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders
Inapplicable
III. Note to other significant events
(1) Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)
The 7th session of the Ninth Board of Directors held on July 6, 2020 and 2020 2nd Extraordinary General Meeting held
on July 23, 2020, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
in the Company (B-shares)”. As of July 22, 2021 when the stock repurchase deadline expired , the Company
accumulatively repurchased 8,994,086 shares in the Company through a centralized bidding method with the special
account for the securities repurchased, accounting for 2.07% of the Company’s total share capital. The highest
transaction price of the repurchased shares was HK$6.74 per share, and the lowest transaction price was
HK$5.93/share, the total amount paid was HK$ 58,207,259.08 (with the transaction cost exclusive). For the detail, please
refer to the “Announcement on the Completion of t he Implementation of Certain Domestically Listed Foreign Investment
Shares (B-Shares) as Repurchased and the Change of the Company’s Shares 2021-069” disclosed in the Securities
Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn on July 23, 2021.
Ended August 3, 2021, the Company completed the cancellation of the shares repurchased.
(2) Change of the CPAs
The 32nd Session of the Ninth Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meeting
held on September 8, 2021 reviewed and approved the "Proposal on Change of the Accounting Firm". As the
employment term of Grant Thornton LLP as the Company's auditor expired, according to the Company's business
development requirements, in order to better promote the development of audit work, after comprehensive evaluation
and prudent consideration, the Company decided to employ MOORE STEPHENS Da Hua Certified Public Accountants
as the Company's auditor of the financial statements and internal control of year 2021. For the detail, refer to the relevant
announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August
20, 2021 and September 09, 2021.
(3) Financial Service Agreement with AVIC Finance Co., Ltd.
The 32nd session of the 9th Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meeting
held on September 8, 2021, reviewed and approved the “Proposal on Signing a Financial Service Agreement with AVIC
Finance Co., Ltd.”, and decided to sign the “Financial Service Agreement” with AVIC Finance. For the detail, refer to the
relevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
on August 20, 2021 and September 9, 2021.
(4) Election for the New Board of Directors and Supervisory Committee
The 32nd session of the Ninth Board of Directors of the Company held on August 18, 2021 and 2021 4th Extraordinary
General Meeting held on September 8, 2021, 2021 reviewed and approved the “Proposal on the Election of Non-
Independent Directors for the Company's New Board of Directors” and the “Proposal on the Election of Independent
Directors for the Company's New Board of Directors,” where Mr. Zhang Xuhua, Mr. Xiao Yi, Mr. Xiao Zhanglin, Mr. Li
Peiyin, Mr. Deng Jianghu and Mr. Pan Bo were elected non-independent directors of the Company's Tenth Board of
Directors; and Mr. Wang Jianxin, Mr. Zhong Hongming, and Mr. Tang Xiaofei were elected independent directors of the
Company's Tenth Board of Directors. The 1st session of the Tenth Board of Directors of the Company held on
September 8, 2021 elected Mr. Zhang Xuhua the Chairman of the Board. For the detail, refer to the relevant
announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August
20, 2021 and September 09, 2021 respectively.
The 28th session of the Ninth Supervisory Committee of the Company held on August 18, 2021 and 2021 4th
Extraordinary General Meeting held on September 8, 2021 reviewed and approved the “Proposal on Election for the New
Supervisory Committee of the Company” according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staff
supervisors of the Tenth Supervisory Committee of the Company；the First Employees' Representatives Conference
2021 held on September 7, 2021 elected Ms. Hu Jing the employees’ representative supervisor of the Tenth Supervisory
Committee of the Company; the 1st session of the Tenth Supervisory Committee elected Supervisor Zheng Qiyuan the
Chairman of the Supervisory Committee of the Company. For the detail, refer to the relevant announcement disclosed in
the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 9,
2021 respectively.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
September 30, 2021
In CNY
Items September 30, 2021 December 31, 2020
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Current assets:
Monetary capital 231,727,548.84 353,057,285.71
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable 54,744,041.87 48,192,442.15
Accounts receivable 465,808,725.35 475,598,684.88
Financing with accounts receivable
Advance payment 21,531,296.99 16,612,773.76
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 65,649,596.91 52,902,779.63
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 2,031,026,035.86 1,931,780,185.85
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 42,586,423.95 75,935,141.76
Total current assets 2,913,073,669.77 2,954,079,293.74
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other equity investment
Long term accounts receivable
Long-term equity investments 53,029,994.16 51,400,665.92
Investment in other equity instruments 85,000.00 85,000.00
Other non-current financial assets
Investment-oriented real estate 386,536,288.24 398,086,447.78
Fixed assets 349,473,119.51 352,734,280.76
Construction-in-progress
Productive biological asset
Oil and Gas Assets
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Use right assets 145,353,524.96
Intangible assets 34,454,509.50 37,859,316.51
Development expenses
Goodwill
Long term expenses to be apportioned 142,931,599.58 130,017,587.99
Deferred income tax asset 71,831,577.51 80,913,800.35
Other non-current assets 48,475,040.61 13,536,307.13
Total non-current assets 1,232,170,654.07 1,064,633,406.44
Total assets 4,145,244,323.84 4,018,712,700.18
Current liabilities:
Short term loans 372,777,721.19 542,673,278.09
Borrowings from the central bank
Loans from other banks
Transactional financial liabilities
Derivative financial liabilities
Notes payable 1,181,360.00 3,581,360.00
Accounts payable 216,706,197.57 301,211,515.39
Advance receipt 9,043,788.94 9,991,850.67
Contract liabilities 18,039,474.59 18,213,396.49
Money from sale of the repurchased
financial assets
Deposits taking and interbank
placement
Acting trading securities
Income from securities underwriting on
commission
Payroll payable to the employees 102,779,107.82 132,853,462.20
Taxes payable 73,360,854.86 68,925,271.90
Other payables 223,584,214.88 128,577,597.94
Including: interest payable
Dividends payable 5,015,026.30 1,639,513.77
Service charge and commission
payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year 92,008,265.22 370,030.00
Other current liabilities 2,284,905.33 2,299,755.09
Total current liabilities 1,111,765,890.40 1,208,697,517.77
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings 3,581,145.00 4,070,330.00
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities 55,169,067.99
Long-term accounts payable
Long term payroll payable to the
employees
Estimated liabilities 48,368.34
Deferred income 2,377,718.35 2,916,346.43
Deferred income tax liability 4,243,573.53 3,067,834.55
Other non-current liabilities
Total non-current liabilities 65,419,873.21 10,054,510.98
Total liabilities 1,177,185,763.61 1,218,752,028.75
Owner’s equity:
Capital stock 426,263,066.00 428,091,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserve 1,038,716,410.42 1,021,490,387.78
Less: shares in stock 65,833,649.70 61,633,530.48
Other comprehensive income -6,867,832.78 976,871.41
Special reserve 717,743.80
Surplus reserve 246,531,866.87 246,531,866.87
Reserve against general risks
Retained earnings 1,328,530,955.62 1,164,490,911.51
Total owners’ equity attributable to the
2,968,058,560.23 2,799,948,388.09
parent company
Minority shareholders’ equity 12,283.34
Total owner’s equity 2,968,058,560.23 2,799,960,671.43
Total liabilities and owners’ equity 4,145,244,323.84 4,018,712,700.18
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting
Department: Tian Hui
2. Consolidation of the Profit State ment from the Beginning of the Year to the End of the Reporting Period
In CNY
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 4,084,797,744.03 2,944,433,436.00
Including: operating income 4,084,797,744.03 2,944,433,436.00
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 3,655,882,863.34 2,699,924,997.52
Including: Operating costs 2,549,686,797.59 1,820,668,961.39
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Provision of reserve for insurance
liabilities, net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 26,025,661.25 14,676,717.58
Sales costs 823,138,774.82 641,091,464.49
Administrative expenses 189,433,471.27 162,278,170.13
R & D expenditures 40,145,686.42 34,765,728.41
Financial expenses 27,452,471.99 26,443,955.52
Where: Interest cost 18,551,509.47 19,457,991.26
Interest income 2,906,297.16 3,470,874.47
Plus: Other income 16,161,926.11 20,135,145.46
Investment income (loss is stated
1,629,328.24 2,160,911.92
with “-”)
Including: return on investment in
1,629,328.24 2,160,911.92
associate and joint venture
Gain 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
-1,039,778.07 -5,172,056.86
is stated with “-”)
Loss from impairment of assets
-1,200,014.39
(loss is stated with “-”)
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Income from disposal of assets
-180,694.53 -376,069.86
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 444,285,648.05 261,256,369.14
Plus: Non-operating income 252,422.44 1,695,948.59
Less: Non-operating expenses 1,296,596.24 407,657.11
IV. Total profit (total loss is stated with “-”) 443,241,474.25 262,544,660.62
Less: Income tax expense 100,642,011.01 47,750,281.08
V. Net Profit (net loss is stated with “-“) 342,599,463.24 214,794,379.54
(I) Classification based on operation
sustainability
1. Net profit from sustainable operation
342,599,463.24 214,794,379.54
(net loss is stated with “-”)
2. Net profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
1. Net profit attributable to the parent
342,579,405.96 214,787,284.13
company’s owner
2. Minority shareholders’ gain/loss 20,057.28 7,095.41
VI. Net of other comprehensive income after
-7,877,044.81 1,989,173.17
tax
Net of other comprehensive income after
tax attributable to the parent company’s -7,844,704.19 1,982,256.00
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 can be converted into gain and loss
based on the equity method
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
-7,844,704.19 1,982,256.00
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
10
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
5. Reserve for cash flow hedge
6. Conversion difference in
-7,844,704.19 1,982,256.00
foreign currency statements
7. Others
Net amount of other comprehensive
income after tax attributable to minority -32,340.62 6,917.17
shareholders
VII. Total comprehensive income 334,722,418.43 216,783,552.71
Total comprehensive income attributable
334,734,701.77 216,769,540.13
to the parent company’s owner
Total comprehensive income attributable
-12,283.34 14,012.58
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.7995 0.4940
(II) Diluted earnings per share 0.7995 0.4940
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting
Department: Tian Hui
3. Consolidation of the Cash Flow State ment from the Beginning of the Year to the End of the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Cash flows arising from operating
activities:
Cash received from sales of goods and
4,500,004,848.59 3,097,232,379.30
supply of services
Net increase of customers’ deposit and
due from banks
Net increase of borrowings from the
central bank
Net increase of borrowings from other
financial institutions
Cash received from the premium of the
original insurance contract
Net cash received from the
reinsurance business
Net increase of the reserve from policy
holders and investment
Cash received from interest, service
charge and commission
Net increase of loan from other banks
Net increase of fund from repurchase
business
Net cash received from securities
trading on commission
Rebated taxes received 332,318.54 1,592,055.84
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FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Other operation activity related cash
58,259,556.53 52,861,160.51
receipts
Subtotal of cash flow in from operating
4,558,596,723.66 3,151,685,595.65
activity
Cash paid for purchase of goods and
2,996,540,264.43 2,086,461,819.63
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 555,033,234.59 429,628,382.76
Various taxes paid 248,687,302.73 121,220,554.66
Other operation activity related cash
390,125,168.61 298,226,010.81
payments
Subtotal of cash flow out from operating
4,190,385,970.36 2,935,536,767.86
activity
Net cash flows arising from operating
368,210,753.30 216,148,827.79
activities
II. 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 other long 43,107.14 84,522.81
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
43,107.14 84,522.81
activity
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 154,549,937.25 90,396,549.63
long term assets
Cash paid for investment
Net increase of the pledged loan
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment activity related cash
payments
154,549,937.25 90,396,549.63
Subtotal of cash flow out from investment
12
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
activity
Net cash flow arising from investment
-154,506,830.11 -90,312,026.82
activities:
III. Cash flow arising from fund-raising
activities:
Cash received from absorbing
58,216,000.00
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 950,175,970.17 722,430,000.00
Other fund-raising activity related cash
receipts
Subtotal of cash flow in from fund raising
1,008,391,970.17 722,430,000.00
activity
Cash paid for debt repayment 1,096,639,047.51 574,529,887.95
Cash paid for dividend/profit
187,013,299.32 104,338,909.03
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Other fund-raising activity related cash
58,958,288.96 44,625,838.93
payments
Sub-total cash flow paid for financing
1,342,610,635.79 723,494,635.91
activities
Net cash flow arising from fund-raising
-334,218,665.62 -1,064,635.91
activities
IV. Change of exchange rate influencing
-814,994.44 -598,916.46
the cash and cash equivalent
V. Net increase of cash and cash
-121,329,736.87 124,173,248.60
equivalents
Plus: Opening balance of cash and
353,057,285.71 315,093,565.09
cash equivalents
VI. Ending balance of cash and cash
231,727,548.84 439,266,813.69
equivalents
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the Accounting
Department: Tian Hui
(II) Notes to the Adjustment of Financial Statements
1. The Company started imple menting the updated standards for lease commencing from 2021 and adjusted the
relevant items of the financial statements at the beginning of the very year involved in the initial imple mentation
of the said standards
Is it necessary to adjust the items of the balance sheet at the year beginning
Yes
Consolidated Balance Sheet
In CNY
13
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Items December 31, 2020 January 01, 2021 Amount involved in the adjustment
Current assets:
Monetary capital 353,057,285.71 353,057,285.71
Settlement reserve
Inter-bank lending
Transactional financial
assets
Derivative financial assets
Notes receivable 48,192,442.15 48,192,442.15
Accounts receivable 475,598,684.88 475,598,684.88
Financing with accounts
receivable
Advance payment 16,612,773.76 16,612,773.76
Receivable premium
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Other receivables 52,902,779.63 52,902,779.63
Including: Interest
receivable
Dividends
receivable
Redemptory monetary
capital for sale
Inventories 1,931,780,185.85 1,931,780,185.85
Contract assets
Held-for-sale assets
Non-current assets due
within a year
Other current assets 75,935,141.76 73,796,500.44 -2,138,641.32
Total current assets 2,954,079,293.74 2,951,940,652.42 -2,138,641.32
Non-current assets:
Loan issuing and advance
in cash
Equity investment
Other equity investment
Long term accounts
receivable
Long-term equity
51,400,665.92 51,400,665.92
investments
Investment in other equity
85,000.00 85,000.00
instruments
14
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Other non-current financial
assets
Investment-oriented real
398,086,447.78 398,086,447.78
estate
Fixed assets 352,734,280.76 352,734,280.76
Construction-in-progress
Productive biological asset
Oil and gas aAssets
Use right assets 170,138,212.72 170,138,212.72
Intangible assets 37,859,316.51 37,859,316.51
Development expenses
Goodwill
Long term expenses to be
130,017,587.99 130,017,587.99
apportioned
Deferred income tax asset 80,913,800.35 80,913,800.35
Other non-current assets 13,536,307.13 13,536,307.13
Total non-current assets 1,064,633,406.44 1,234,771,619.16 170,138,212.72
Total assets 4,018,712,700.18 4,186,712,271.58 167,999,571.40
Current liabilities:
Short term loans 542,673,278.09 542,673,278.09
Borrowings from the central
bank
Loans from other banks
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable 3,581,360.00 3,581,360.00
Accounts payable 301,211,515.39 301,211,515.39
Advance receipts 9,991,850.67 9,991,850.67
Contract liabilities 18,213,396.49 18,213,396.49
Money from sale of the
repurchased financial assets
Deposits taking and
interbank placement
Acting trading securities
Income from securities
underwriting on commission
Payroll payable to the
132,853,462.20 132,853,462.20
employees
Taxes payable 68,925,271.90 68,925,271.90
15
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Other payables 128,577,597.94 128,577,597.94
Including: interest
payable
Dividends payable 1,639,513.77 1,639,513.77
Service charge and
commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due
370,030.00 96,546,555.48 96,176,525.48
within a year
Other current liabilities 2,299,755.09 2,299,755.09
Total current liabilities 1,208,697,517.77 1,304,874,043.25 96,176,525.48
Non-current liabilities:
Reserve for insurance
contract
Long-term borrowings 4,070,330.00 4,070,330.00
Bonds payable
Including: preferred
shares
Perpetual bond
Lease liabilities 76,142,342.03 76,142,342.03
Long-term accounts
payable
Long term payroll payable
to the employees
Estimated liabilities
Deferred income 2,916,346.43 2,916,346.43
Deferred income tax liability 3,067,834.55 3,067,834.55
Other non-current liabilities
Total non-current liabilities 10,054,510.98 86,196,853.01 76,142,342.03
Total liabilities 1,218,752,028.75 1,391,070,896.26 172,318,867.51
Owner’s equity:
Capital stock 428,091,881.00 428,091,881.00
Other equity instruments
Including: preferred
shares
Perpetual bond
Capital reserve 1,021,490,387.78 1,021,490,387.78
Less: shares in stock 61,633,530.48 61,633,530.48
Other comprehensive
976,871.41 976,871.41
income
16
FIYTA Precision Technology Co., Ltd. 2021 Third Quarter Report
Special reserve
Surplus Reserve 246,531,866.87 246,531,866.87
Reserve against general
risks
Retained earnings 1,164,490,911.51 1,160,171,615.40 -4,319,296.11
Total owners’ equity attributable
2,799,948,388.09 2,795,629,091.98 -4,319,296.11
to the parent company
Minority shareholders’
12,283.34 12,283.34
equity
Total owner’s equity 2,799,960,671.43 2,795,641,375.32 -4,319,296.11
Total liabilities and owners’
4,018,712,700.18 4,186,712,271.58 167,999,571.40
equity
Note to the Adjustment
The Company has implemented the new lease standards for the first time since January 1, 2021. In 2021, in accordance
with the requirements of the new lease standards, the opening balance of lease-related assets has been adjusted to the
asset of use right and lease liabilities.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for lease
initially implemented from 2021
Inapplicable
(III) Auditor’s Report
Has the third quarter report been audited
No
FIYTA Precision Technology Co., Ltd.
Board of Directors
October 26, 2021
17
