FIYTA Precision Technology Co., Ltd. 2021 Annual Report, Summary
Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2022-009
FIYTA Precision Technology Co., Ltd.
2021 Annual Report, Summary
I. Important Notice, Table of Contents and Definition
This summary of the Annual Report is quoted out of the full text of the Annual Report. Investors desirous to understand
entirely the Company's operation results, financial position and future development planning are advised to carefully read
the full text of the Annual Report which is published in the medium designated by CSRC.
All the directors attended the Board meeting for reviewing the Annual Report.
Indication of qualified audit opinion
Inapplicable
The profit distribution preplan or the preplan for conversion of reserve into capital for the reporting period reviewed by the
Board of Directors
Is there any public reserve capitalized
No
The preplan for profit distribution of common stock reviewed and approved by the Board of Directors is summarized as
follows: based on the number of shares after deducting the shares in the special securities account for repurchase from
the total number of shares on the equity registration date when the profit distribution plan is implemented in the future, the
Company is going to distribute cash dividend to all shareholders at the rate of CNY 3.00 (with tax inclusive) for every 10
shares, and 0 bonus shares (with tax inclusive) shall be distributed and no public reserve shall be capitalized.
Profit Distribution Preplan for Preferred Shares during the Reporting Period Approved by the Resolution of the Board of
Directors
Inapplicable
II. Company Profile
1. Company Information
Short form of the stock: FIYTA and FIYTA B Stock Code 000026 and 200026
Stock Exchange Listed with Shenzhen Stock Exchange
Liaison Persons and Communication
Secretary of the Board Securities Affairs Representative
Information
Names Song Yaoming (acting ) Xiong Yaojia
20th Floor, FIYTA Technology Building, Gaoxin S. 18th Floor, FIYTA Technology Building, Gaoxin S.
Office Address
Road One, Nanshan District, Shenzhen Road One, Nanshan District, Shenzhen
Fax 0755-83348369 0755-83348369
Tel. 0755-86013669 0755-86013669
Email investor@fiyta.com.cn investor@fiyta.com.cn
2. Summary of the Principal Business or Leading Products during the Reporting Period
With the establishment and development originated from aviation precision manufacturing and material technology, the
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FIYTA Precision Technology Co., Ltd. 2021 Annual Report, Summary
Company is mainly carrying out the activities of watch brand management and luxurious watch retails. From the
perspective of technical characteristics, the Company is engaged in precision technology industry.
Since its establishment, relying on the advantages in precision manufacturing technology, material technology and talents
of the aviation industry, the Company has been continuously devoting itself to the building of professional watch-making
capability and brand operation, has successfully built the "FIYTA" brand and established the brand a leading position in
the domestic industry by virtue of the advantages in technology and quality.
In order to grasp the opportunities in the domestic famous brand watch market and accelerate the breakthrough of its own
brand, the Company began to expand the retail chain business of famous brand watches in 1997, and is committed to
becoming the most outstanding comprehensive service provider of famous brand watches. The Company has always
focused on strengthening the construction of brand resources and channel resources, deepening the cooperative
relationship between international excellent watch brands and domestic high-end retail channels, refined operations, and
digital development. While expanding the Company’s revenue sources, it has also established stable base are for the
development of its own brand.
Under the general background of industrial upgrading and intelligent manufacturing, the Company relies on high-end
precision manufacturing technology and industrial accumulation, based on the development principle of “technology being
homologous, the industry being same-rooted and value being co-directional”, and extends the development of precision
technology business and smart wears business. At present, these two businesses have begun to take shape.
The Company adheres to the original intention of "Big Country Brand", and relies on precision manufacturing technology,
brand influence and channel deep cultivation to promote continuous brand breakthroughs. The Company's sales scale is
at the forefront of the industry. Over the years, the Company has achieved a favorable industry recognition and reputation.
In 2021, the Company was honorably awarded the titles of "International Reputation Brand", "Top 200 Enterprises in
China's Light Industry", "Top 20 Listed Companies in Governance in the Greater Bay Area in 2021", and was granted
"Shenzhen R&D and Standardization Synchronization Demonstration Enterprise Grade A", and its wholly-owned
subsidiary was elected in the List of Key Technologically Advanced Enterprises in Guangdong Province. Accompanied by
the launch of the "Shenzhou 12" manned spacecraft, the Company has once again helped China's manned spaceflight
industry.
3. Summary of Accounting/Financial Data
(1) Summary of Accounting/Financial Data in the Past Three Years
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years
No
In CNY
Increase/decrease of the
end of the reporting year
End of 2021 End of 2020 End of 2019
over the end of the
previous year
Total assets 4,110,579,952.49 4,018,712,700.18 2.29% 3,760,923,285.37
Net profit attributable to the Company’s
3,013,232,642.53 2,799,948,388.09 7.62% 2,654,533,766.99
shareholders
Increase/decrease in the
2021 2020 reporting year over the 2019
previous year
Operating revenue 5,243,733,540.93 4,243,439,952.59 23.57% 3,704,210,734.90
Net profit attributable to the Company’s
387,840,282.95 294,115,156.04 31.87% 215,909,014.15
shareholders
Net profit less the non-recurring
profit/loss attributable to the 369,418,754.83 269,095,012.41 37.28% 199,678,661.09
Company’s shareholders
Net cash flows arising from operating
547,249,108.45 378,210,505.87 44.69% 444,820,768.61
activities
Basic earning per share (CNY/share) 0.9036 0.6764 33.59% 0.4943
Diluted earning per share (CNY/share) 0.9036 0.6764 33.59% 0.4943
Return on equity, weighted average
13.39% 10.78% 2.61% 8.21%
(%)
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FIYTA Precision Technology Co., Ltd. 2021 Annual Report, Summary
(2) Major Accounting Data Based on Quarters
In CNY
The first quarter The second quarter The third quarter The fourth quarter
Turnover 1,378,277,735.81 1,399,241,785.53 1,307,278,222.69 1,158,935,796.90
Net profit attributable to the Company’s
118,222,042.23 115,322,684.32 109,034,679.41 45,260,876.99
shareholders
Net profit less the non-recurring
profit/loss attributable to the 113,576,505.85 110,219,727.57 104,537,027.94 41,085,493.47
Company’s shareholders
Net cash flows arising from operating
28,711,219.83 176,443,344.10 163,056,189.37 179,038,355.15
activities
Are the above financial indicators or their totals significantly different from the financial indicators disclosed by the
Company in the quarterly and semi-annual reports?
No
4. Capital Stock and Shareholders
(1) Number of the common shareholders and preferred shareholders whose voting rights are restored and
shareholding by the top 10 shareholders
In shares
Total preference Total preference
Total common
shareholders shareholders with the
Total common shareholders at
with the voting voting power
shareholders at the end of the
34,412 34,634 power 0 recovered at the end of 0
the end of the month before the
recovered at the the month before the
reporting period date of disclosing
end of the day of disclosing the
the Annual Report
reporting period Annual Report
Shareholding by top 10 shareholders
Shareholdi Pledging, marking or freezing
Nature of the Number of
Names of the Shareholders ng Number of the restricted shares held Status of the
shareholder shares held Quantity
proportion shares
AVIC International Holding State corporate 38.25% 162,977,32
0
Limited 7
Guoxin Investment Co., Ltd. State corporate 1.82% 7,739,898 0
Construction Bank of China - Domestic 1.10% 4,679,494 0
Penghua Huizhi Optimized non-state-owne
Hybrid Securities Investment d legal person
Fund
Construction Bank of China - Domestic 0.60% 2,556,742 0
Penghua Value Superiority non-state-owne
Hybrid Securities Investment d legal person
Fund (LOF)
Qiu Hong Domestic 0.54% 2,300,000 0
natural person
China Ifund Asset Domestic 0.43% 1,841,716 0
Management Co., Ltd. - non-state-owne
Ifund All-Weather No. 2 d legal person
Phase G Private Equity
Securities Investment Fund
SOCIETE GENERALE Foreign 0.30% 1,265,800 0
corporate
Zhang Yinnan Domestic 0.28% 1,195,128 0
natural person
Chen Hao Domestic 0.24% 1,041,143 0
natural person
Chen Chu Domestic 0.24% 1,004,400 0
natural person
Explanation on associated relationship or
Inapplicable
consistent action of the above shareholders
Note the shareholders involved in margin
Inapplicable
financing & securities lending (if any)
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FIYTA Precision Technology Co., Ltd. 2021 Annual Report, Summary
(2) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders
Inapplicable
(3) Block Diagram of the Ownership and Control Relations between the Company and the Actual Controller
5. Status of Bonds Existing on the Date of Approval of the Annual Report
Inapplicable
III. Significant Events
1. Amendment of the Company's Rules and Regulations
Authorized by 2021 1st Extraordinary General Meeting, the 26th session of the Ninth Board of Directors reviewed and
approved the "Proposal on the Amendment of the Articles of Association". For the detail, refer to the Amendment of the
Articles of Association disclosed in http://www.cninfo.com.cn. on February 5, 2021.
The 3rd session of the Tenth Board of Directors and 2021 5th Extraordinary General Meeting reviewed and approved the
Proposal on the Amendment of the "Articles of Association", " the Proposal on the Amendment of the Rules of Procedures
for the General Meetings ", and "the Proposal on the Amendment of the Rules of Procedures of Board Meetings ". For the
detail, refer to the relevant announcement disclosed in http://www.cninfo.com.cn. on November 13, 2021.
2. Election for the New Board of Directors
With review and approval by the 32nd session of the Ninth Board of Directors of the Company and 2021 4th Extraordinary
General Meeting, the Company elected Mr. Zhang Xuhua, Mr. Xiao Yi, Mr. Xiao Zhanglin, Mr. Li Peiyin, Mr. Deng Jianghu
and Mr. Pan Bo non-independent directors of the Tenth Board of Directors; and elected Mr. Wang Jianxin, Mr. Zhong
Hongming, and Mr. Tang Xiaofei independent directors of the Tenth Board of Directors. For the detail, refer to the
Announcement on the Election for the New Board of Directors No.2021-075 disclosed in http://www.cninfo.com.cn.
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FIYTA Precision Technology Co., Ltd. 2021 Annual Report, Summary
With review and approval by the 28th session of the Ninth Supervisory Committee of the Company, 2021 1st Employees’
Representatives Conference, and 2021 4th Extraordinary General Meeting, the Company elected Mr. Zheng Qiyuan and
Ms. Cao Zhen non-employees’ representative supervisors of the Tenth Supervisory Committee and elected Ms. Hu Jing
the employees’ representative supervisor of the Tenth Supervisory Committee. For the detail, refer to the Announcement
on the Election for the New Supervisory Committee No.2021-076 and the Announcement on the Resolution for Election of
the Employees’ Representative Supervisor at the Employees Representative Conference disclosed in
http://www.cninfo.com.cn.
3. Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)
The Company’s 2nd Session of the Tenth Board of Directors and 2021 5th Extraordinary General Meeting reviewed and
approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares (B-Shares). For the detail, refer
to the Report on the Repurchase of Partial Domestically Listed Foreign Shares (B-Shares) No. 2021-102 disclosed in
http://www.cninfo.com.cn.
FIYTA Precision Technology Co., Ltd.
Board of Directors
March 10, 2022
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