Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
Stock codes: 000026, 200026 Stock abbreviations: FIYTA, FIYTA B Announcement No.: 2024-026
FIYTA Precision Technology Co., Ltd.
Summary of 2024 Semi-annual Report
1
Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
I. Important notes
The summary of this semi-annual report is derived from the full text of the semi-annual report. In order to fully
understand the Company's operating results, financial situation and future development plans, investors should
carefully read the full text of the semi-annual report in the media designated by the CSRC.
All directors have attended the board meeting to review this report.
Reminder on non-standard audit opinions
Not applicable
Profit distribution plan or plan on conversion of provident funds into capital stock during the reporting period reviewed
by the board of directors
Not applicable
The Company plans to pay no cash dividend, no bonus shares, and no conversion of capital stock with provident funds.
Preferred stock profit distribution plan for the reporting period approved by the board of directors
Not applicable
II. Company profile
1. Company profile
Stock name FIYTA, FIYTA B Stock code 000026, 200026
Stock listing exchange Shenzhen Stock Exchange
Stock name before change (if any) None
Contact person and contact
Secretary of the Board of Directors Securities affairs representative
information
Name Song Yaoming Xiong Yaojia
Floor 20, Fiyta Technology Building, 18th Floor, Fiyta Technology
Office address Gaoxin South 1st Road, Nanshan Building, Gaoxin South 1st Road,
District, Shenzhen Nanshan District, Shenzhen
Telephone 0755－86013669 0755－86013669
E-mail investor@fiyta.com.cn investor@fiyta.com.cn
2. Main accounting data and financial indicators
Does the Company need to retrospectively adjust or restate the accounting data in previous years?
□Yes No
Change in the
current reporting
The current reporting Same period last
period compared to
period year
the same period last
year
Operating revenue (RMB) 2,076,397,911.32 2,364,505,262.56 -12.18%
Net profit attributable to shareholders of the
147,138,482.34 187,395,067.23 -21.48%
listed company (RMB)
Net profit attributable to shareholders of the
140,445,221.81 177,352,543.66 -20.81%
listed company excluding non-recurring gains
2
Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
and losses (RMB)
Net cash flow from operating activities (RMB) 136,530,796.52 344,659,843.62 -60.39%
Basic earnings per share (RMB/share) 0.3568 0.4517 -21.01%
Diluted earnings per share (RMB/share) 0.3564 0.4517 -21.10%
Weighted average return on equity 4.36% 5.80% -1.44%
Change at the end of
the current reporting
End of the current End of the previous
period compared to
reporting period year
the end of the
previous year
Total assets (RMB) 4,147,991,663.46 4,204,260,897.08 -1.34%
Net assets attributable to shareholders of the
3,315,327,996.53 3,333,805,752.19 -0.55%
listed company (RMB)
3. Number of shareholders and their shareholding situation in the company
Unit: Shares
Total number of preferred
Total number of common
shareholders with restored
shareholders at the end of the 27,671 0
voting rights at the end of the
reporting period
reporting period (if any)
Top ten shareholders' shareholding details (excluding shares lent through refinancing)
Number of Pledge, marking or freezing
Sharehold Nature of Percentage Number of shares
restricted
er name shareholder of shares held Status of shares Quantity
shares held
AVIC
Internation State-owned
40.16% 162,977,327 0 Not applicable 0
al Holding legal person
Co., Ltd.
Domestic natural
#Wu Jilin 4.87% 19,757,542 0 Not applicable 0
person
Xu Domestic natural
1.46% 5,924,268 0 Not applicable 0
Guoliang person
Domestic natural
Qiu Hong 0.62% 2,510,000 0 Not applicable 0
person
Domestic natural
#Zhu Rui 0.53% 2,145,200 0 Not applicable 0
person
#Qu Domestic natural
0.33% 1,341,900 0 Not applicable 0
Yongjie person
#Wang Domestic natural
0.32% 1,302,500 0 Not applicable 0
Xing person
#Ge Domestic natural
0.29% 1,172,300 0 Not applicable 0
Zhongwei person
Domestic natural
Chen Hao 0.28% 1,149,543 0 Not applicable 0
person
Domestic natural
#Zhu Xian 0.25% 1,032,540 0 Not applicable 0
person
Explanation of the
aforementioned shareholders' The Company is unaware of whether the aforementioned 10 shareholders are
association or concerted related or constitute concerted actors.
action
Explanation of the 1. In addition to holding 10,202,377 shares through the ordinary securities account,
3
Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
shareholders' participation in Wu Jilin, the shareholder of the company, also holds 9,555,165 shares through the
securities margin trading (if client credit trading guarantee securities account of CICC Wealth Management
any) holding 19,757,542 shares in total;
2. In addition to holding 307,100 shares through the ordinary securities account, Zhu
Rui, the shareholder of the company, also holds 1,838,100 shares in the client credit
trading guarantee securities account of First Capital Securities Co., Ltd., holding a
total of 2,145,200 shares;
3. In addition to holding 59,000 shares through the ordinary securities account, Qu
Yongjie, the shareholder of the company, also held 1,282,900 shares through the
customer credit trading guarantee securities account of Shanxi Securities Co., Ltd.,
holding a total of 1,341,900 shares;
4. In addition to holding 882,500 shares through the ordinary securities account,
Wang Xing, the shareholder of the company, also holds 420,000 shares through the
customer credit trading guarantee securities account of China Merchants Securities
co. Ltd. (CMS), holding a total of 1,302,500 share;
5. In addition to holding 672,300 shares through the ordinary securities account, Ge
Zhongwei, the shareholder of the company, also held 500,000 shares through the
customer credit trading guarantee securities account of Zheshang Securities Co.,
Ltd., holding a total of 1,172,300 shares;
6. In addition to holding 25,000 shares through the ordinary securities account, Zhu
Xian, the shareholder of the company, also held 1,007,540 shares through the
customer credit trading guarantee securities account of HuaChuang Securities Co.,
Ltd., holding a total of 1,032,540 shares.
Participation of shareholders holding more than 5%, the top 10 shareholders, and the top 10 shareholders of unlimited
outstanding shares in securities margin trading
Not applicable
Changes in the top 10 shareholders, and the top 10 shareholders of unlimited outstanding shares due to securities
margin trading compared to the previous period
Not applicable
4. Changes in controlling shareholders or actual controllers
Changes in controlling shareholders during the reporting period
Not applicable
Change of actual controller during the reporting period
Not applicable
5. Total number of preferred shareholders and the top 10 preferred shareholders' holdings
Not applicable
6. Existing bonds situation on the approval date of the semi-annual report
Not applicable
III. Important matters
In 1H24, the Company adhered to the principle of high-quality development, continued to implement the business
strategies of "seeking progress while maintaining stability" and "defensive counterattack", carried out various
operations and management work in an orderly manner, and promoted the sustainable development of various
businesses. During the reporting period, under the environment of insufficient demand in the watch consumer market
4
Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
and weak consumption expectations, the company achieved operating income of nearly RMB 2,076,400,000,
decreased by 12.18% YoY; The total profit was about RMB193,680,000 , decreased by 20.79% YoY; At the same time,
the Company focuses closely on refined operational management and risk control. The year-end asset-liability ratio
stands at 20.07%, with net cash flow generated from operating activities amounting to nearly RMB137,000,000. The
operational activities remain robust, and overall business risks are well-managed and controlled. Facing a challenging
market environment, the Company remains steadfast in its development confidence and prioritizes shareholder returns.
It has successfully implemented the 2023 annual cash dividend plan, distributing RMB4.00 per 10 shares (tax inclusive)
to all shareholders. Additionally, the Company has executed a plan to repurchase and cancel 9.3558 million shares of
domestically listed foreign capital shares (B-shares).
During the reporting period, the Company's main business initiatives are as follows:
(1) Continue to promote the upgrading of brand positioning and create brand differentiation
During the reporting period, the "FIYTA" brand, positioned as a high-quality Chinese watch brand with aerospace-
themed watches, focused on its core product lineup. It concentrated resources on launching several aerospace-
themed watches, including the Yun-20 Cross-Strait Time, Zhi-20 Triumph Edition, National Tide Golden Dragon
Limited Edition, "Space Station" EVA Edition, and "Space Walk" Return Cabin Edition. Integrating marketing and sales
through new media platforms, the Company conducted various activities to enhance brand visibility. These included
appearances at Milan Fashion Week, live streaming events like "Walking with Brilliance," participation in the 2024
China Brand Day, and the appointment of Xia Zhiguang as brand ambassador. Special marketing campaigns such as
"Sparkling Gold" and brand origin live streams were also launched. These efforts across multiple channels
successfully created popular products like the "Little Golden Watch" and boosted the brand's presence significantly.
(2) Continue to promote the optimization of channel structure and give full play to the advantages of
operation and management
During the reporting period, the "FIYTA" brand underwent a complete upgrade of its store image, focusing on
aerospace-themed stores and comprehensive flagship stores like the Bo Guan series. The Company continued to
optimize its channel structure by establishing presence in mainstream shopping centers in first and second tier cities.
Additionally, it opened 17 new aerospace-themed stores, aiming to enhance brand visibility and consumer
engagement through innovative retail experiences. Utilizing local lifestyle and Douyin live streaming, we have
significantly enhanced our store's new media operational capabilities. We continue to strengthen online product
development and build a self-operated live streaming matrix. During the "618" shopping festival, our e-commerce GMV
achieved growth against the trend, ranking first nationwide in watch sales, with our hit product, "Little Golden Watch,"
making it to the top of major platforms' bestseller lists. Actively expand duty-free channels, and explore cooperation
opportunities in airports, ports, cruise ships and other duty-free channels.
The retail of "Harmony" watches continues to focus on the four elements of "city, brand, business format and
partner" to foster the high-quality development of mid-to-high-end brands and premium distribution channels. Deepen
and refine excellent operation in an all-round way, and systematically improve operational efficiency from online, offline,
stores, brands, members, services and other dimensions.
(3) Continue to increase investment in scientific and technological innovation and strengthen the hard
core strength of precision technology
During the reporting period, the Company increased its investment in areas such as movement technology,
technology material applications, and precision timing equipment. Building on the partial localization of movements in
some products, the company continued to advance the localization of movements and the development of key
components like balance springs.
(4) Continue to promote digital transformation and deepen platform application
5
Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co., Ltd.
During the reporting period, the Company continued to carry out digital operations, improving and iterating the
digital retail system; Focusing on customer needs and profiles, optimized the member life cycle model to enhance core
metrics such as conversion of potential customers and retention of existing customers, ensuring continuous
improvement. Continuing with private domain operations, leveraged mini-programs to cultivate private domain traffic
and develop activities like private domain group purchases. Continue to promote the integration of online and offline,
attract customers to the offline stores through online customer acquisition, and launch businesses such as TikTok
Local Life and JD to Home.
(5) Continue to promote the exploration of new business and cultivate new growth points
During the reporting period, the Company strengthened its precision technology business, enhancing its technical
capabilities to meet the demands of complex and high-precision products. It also expanded into new customer
segments. The smart wearable business continued to advance with upgrades in product and technological capabilities.
There was a strong emphasis on enhancing both software and hardware technologies, along with new product
development. Under the "Jeep" brand, new products such as the curved screen square smartwatch integrating AI
technology were launched. Meanwhile, the "ADASHER" brand saw steady sales growth on platforms like TikTok and
Kuaishou. Both new business segments achieved increased revenue during the reporting period.
FIYTA Precision Technology Co., Ltd.
Board of Directors
August 21, 2024
6
