Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
Stock codes: 000026, 200026 Stock abbreviations: FIYTA, FIYTA B Announcement No.: 2024-038
FIYTA Precision Technology Co., Ltd.
Q3 2024 Report
The Company and the Board of Directors ensure that the information disclosed is truthful, accurate, and complete,
with no false records, misleading statements, or significant omissions.
Key content tips:
1. The Board of Directors, the Board of Supervisors, and the directors, supervisors, and senior management
guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading
statements, or significant omissions, and bear individual and joint legal responsibility.
2. The person in charge of the Company, the CFO, and the Financial Manager (Accounting Supervisor) declare to
ensure that the financial information in the quarterly report is truthful, accurate, and complete.
3. Whether the Q3 report has been audited
No
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
I. Key Financial Data
(I) Main accounting data and financial indicators
Does the Company need to retrospectively adjust or restate the accounting data in previous years?
No
Increase/decrease
from the beginning of
Change in the current
Beginning of the the year to the end of
The current reporting period
year to the end of the reporting period
reporting period compared to the same
the reporting period compared to the
period last year
same period last
year
Operating revenue
963,368,988.81 -17.15% 3,039,766,900.13 -13.82%
(RMB)
Net profit attributable
to shareholders of
50,484,466.22 -35.41% 197,622,948.56 -25.58%
the listed company
(RMB)
Net profit attributable
to shareholders of
the listed company
50,362,069.34 -33.32% 190,807,291.15 -24.54%
excluding non-
recurring gains and
losses (RMB)
Net cash flow from
operating activities — — 317,367,961.38 -33.75%
(RMB)
Basic earnings per
0.1256 -34.65% 0.4824 -25.08%
share (RMB/share)
Diluted earnings per
0.1254 -34.76% 0.4818 -25.17%
share (RMB/share)
Weighted average
1.52% -0.90% 5.88% -2.34%
return on equity
Change at the end of the current reporting
End of the current
End of the previous year period compared to the end of the previous
reporting period
year
Total assets (RMB) 4,188,811,409.75 4,204,260,897.08 -0.37%
Owner's equity
attributable to
shareholders of the 3,370,652,933.49 3,333,805,752.19 1.11%
listed company
(RMB)
(II) Non-recurring gains and losses items and amounts
Unit: RMB
Amount from the beginning
Amount for the current
Item of the year to the end of Notes
reporting period
the reporting period
Loss/gain on disposal of
non-current assets
-253,177.38 2,653,033.29
(including reversal of
provision for asset
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
impairment)
Government grants
recognized in current profit
and loss (excluding those
closely related to the
Company's normal
operations, in compliance 162,372.25 1,576,811.63
with national policies,
entitled in accordance with
set standards, and having
a sustained impact on the
Company's profit and loss)
Reversal of provision for
impairment of receivables
96,375.67 3,399,306.40
subject to individual
impairment testing
Other operating incomes
and expenses excluding 97,246.92 1,196,552.42
the above items
Less: Income tax impact -19,579.42 2,010,046.33
Total 122,396.88 6,815,657.41 --
Specific circumstances of other items that meet the definition of non-recurring gains and losses:
Not applicable
Explanation of circumstances where items listed as non-recurring gains and losses in Explanatory Announcement No.
1 on Information Disclosure of Companies Issuing Securities Publicly - Non-recurring Gains and Losses are classified
as recurring
Not applicable
(III) Changes in main accounting data and financial indicators and reasons
1. Consolidated balance sheet items
End of the current End of the
Item Change ratio Reason for change
reporting period previous year
It was mainly due to the growth of bill
Notes receivable 24,606,908.60 18,268,972.37 34.69%
transactions related to precision technology.
Other non-current It was mainly due to the decrease in prepaid
2,353,256.10 9,434,627.17 -75.06%
assets store decoration payments.
It was mainly due to the decrease in the
Accounts payable 101,584,073.03 173,825,907.71 -41.56%
purchase of luxury watches.
It was mainly due to the increase in deposits
Contract liabilities 20,023,549.02 12,286,243.62 62.98%
received in advance.
It is mainly due to the impact of granting the
Employee benefits
75,933,801.61 120,084,810.60 -36.77% year-end bonus in the previous year and the
payable
provision of year-end bonus this year.
It was mainly due to the cancellation of
Treasury share 13,379,181.81 78,645,532.23 -82.99%
repurchased B shares.
2. Consolidated income statement items from the beginning of the year to the end of the reporting period
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
Amount for the Amount for the
Item Change ratio Reason for change
current period previous period
It was mainly due to the decrease in
Other income 3,418,006.55 8,149,590.70 -58.06%
government subsidies.
It was mainly due to the increase in
Investment income 495,966.46 -1,697,481.65 129.22%
profits of associate companies.
Income from asset It was mainly due to the impact of
2,653,033.29 892,421.07 197.28%
disposal disposing of certain properties.
It was mainly due to the increase in
Non-operating
1,625,836.27 663,757.42 144.94% compensation received for rights
income
protection.
3. Consolidated cash flow statement items from the beginning of the year to the end of the reporting period
Amount for the Amount for the Change
Item Reason for change
current period previous period ratio
Refund of taxes and It was mainly due to the increase in
1,953,384.44 1,273,051.27 53.44%
surcharges VAT refunds received.
Net cash received from
disposal of fixed assets, It was mainly due to the impact of
4,820,218.37 1,203,099.10 300.65%
intangible assets and disposing of certain properties.
other long-term assets
Cash received from It was mainly due to the increase in
171,506,575.50 0.00 -
other investing activities time deposit transactions.
Cash paid for other It was mainly due to the increase in
215,214,392.40 0.00 -
investing activities time deposit transactions.
Cash paid for
distribution of dividends It was mainly due to the increase in
166,775,880.35 112,333,808.97 48.46%
and profits or payment cash dividends.
of interest
Cash paid for other It was mainly due to the decrease in share
88,815,458.65 151,416,099.18 -41.34%
financing activities repurchase expenses.
II. Shareholder Information
(I) Total number of common shareholders and number of preferred shareholders with restored
voting rights, and the top ten shareholders' shareholding details
Unit: Shares
Total number of common Total number of preferred shareholders with
shareholders at the end of the 27,378 restored voting rights at the end of the reporting 0
reporting period period (if any)
Top ten shareholders' shareholding details (excluding shares lent through refinancing)
Number of Pledge, marking or freezing
Shareholder Nature of Percentage of Number of
restricted Status of
name shareholder shares shares held Quantity
shares held shares
AVIC
International State-owned
40.16% 162,977,327 0 Not applicable 0
Holding Co., legal person
Ltd.
#Wu Jilin Domestic 4.72% 19,170,478 0 Not applicable 0
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
natural person
Domestic
Xu Guoliang 1.36% 5,524,268 0 Not applicable 0
natural person
Domestic
Qiu Hong 0.62% 2,510,000 0 Not applicable 0
natural person
Domestic
#Zhu Rui 0.50% 2,044,200 0 Not applicable 0
natural person
Domestic
#Qu Yongjie 0.33% 1,331,900 0 Not applicable 0
natural person
Domestic
#Wang Xing 0.32% 1,302,500 0 Not applicable 0
natural person
Domestic
Chen Hao 0.28% 1,149,543 0 Not applicable 0
natural person
Domestic
#Zhu Xian 0.26% 1,072,540 0 Not applicable 0
natural person
Domestic
#Qiu Zhiyuan 0.24% 969,700 0 Not applicable 0
natural person
Shareholding of the top 10 non-restrictive shareholders (excluding shares lent through refinancing and shares locked
by senior management)
Type and number of shares
Shareholder name Number of unrestricted shares held Type of
Quantity
shares
AVIC International Holding Co., RMB ordinary
162,977,327 162,977,327
Ltd. shares
RMB ordinary
#Wu Jilin 19,170,478 19,170,478
shares
RMB ordinary
Xu Guoliang 5,524,268 5,524,268
shares
RMB ordinary
Qiu Hong 2,510,000 2,510,000
shares
RMB ordinary
#Zhu Rui 2,044,200 2,044,200
shares
RMB ordinary
#Qu Yongjie 1,331,900 1,331,900
shares
RMB ordinary
#Wang Xing 1,302,500 1,302,500
shares
RMB ordinary
Chen Hao 1,149,543 1,149,543
shares
RMB ordinary
#Zhu Xian 1,072,540 1,072,540
shares
RMB ordinary
#Qiu Zhiyuan 969,700 969,700
shares
Explanation of the aforementioned shareholders' The Company is unaware of whether the aforementioned 10
association or concerted action shareholders are related or constitute concerted actors.
1. In addition to holding 9,451,977 shares through the ordinary
securities account, Wu Jilin, the shareholder of the company, also
holds 9,718,501 shares through the client credit trading guarantee
securities account of CICC Wealth Management holding
19,170,478 shares in total;
2. In addition to holding 188,800 shares through the ordinary
Explanation of the top 10 shareholders'
securities account, Zhu Rui, the shareholder of the company, also
participation in securities margin trading (if any)
holds 1,855,400 shares in the client credit trading guarantee
securities account of First Capital Securities Co., Ltd., holding a
total of 2,044,200 shares;
3. In addition to holding 59,000 shares through the ordinary
securities account, Qu Yongjie, the shareholder of the company,
also held 1,272,900 shares through the customer credit trading
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
guarantee securities account of Shanxi Securities Co., Ltd.,
holding a total of 1,331,900 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. Shareholder Zhu Xian holds 35,000 shares through a regular
securities account and 1,037,540 shares through a customer
margin trading collateral securities account of Huachuang
Securities Co., Ltd., totaling 1,072,540 shares;
6. Shareholder Qiu Zhiyuan holds 969,700 shares through a
customer margin trading collateral securities account of Huafu
Securities Co., Ltd.
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
(II) Total number of preferred shareholders and the top 10 preferred shareholders' holdings
Not applicable
III. Other Important Matters
1. General election of the Board of Directors
In the 20th meeting of the 10th Board of Directors and the first extraordinary general meeting of shareholders in
2024, the Proposals on General Election of Non-independent Directors and the Proposals on General Election of
Independent Directors was approved. Mr. Zhang Xuhua, Mr. Wang Bo, Mr. Li Peiyin, Mr. Deng Jianghu, Mr. Guo
Gaohang, and Mr. Pan Bo were elected as the non-independent directors of the company's 11th Board of Directors.
Mr. Wang Susheng, Mr. Wang Wenbo and Mr. Cao Guangzhong were elected as independent directors of the
company's 11th Board of Directors. For details, please refer to the Announcement on the General Election of the
Board of Directors 2024-027 disclosed by the Company on the CNINFO website on August 21, 2024.
At the first meeting of the company's 11th Board of Directors, Mr. Zhang Xuhua was elected as the Chairman of
the Company。 For details, please refer to the Announcement on the First Meeting of the 11th Board of Directors
2024-035 disclosed by the Company on the CNINFO website on September 7, 2024.
2. General election of the board of supervisors
The 18th meeting of the 10th Supervisory Board and the first extraordinary general meeting of shareholders in
2024 approved the proposal on the General Election of shareholder representative supervisors for the Supervisory
Board. Ms. Hu Min and Mr. Yuan Tianbo were elected as shareholder representative supervisors of the company's
11th Supervisory Board. For details, please refer to the Announcement on the General Election of the Board of
Supervisors 2024-028 disclosed by the Company on the CNINFO website on August 21, 2024.
The employee representative congress of the company elected Ms. Hu Jing as the employee representative
supervisor of the company's 11th Board of Supervisors. For details, please refer to the Announcement on the General
Election of Employee Representative Supervisors 2024-033 disclosed by the company on the CNINFO website on
August 27.
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
At the first meeting of the company's 11th Board of Supervisors, Ms. Hu Min was elected as the Chairman of the
Board of Supervisors. For details, please refer to the Announcement on the First Meeting of the 11th Board of
Supervisors 2024-036 disclosed by the Company on the CNINFO website on September 7, 2024.
3. Renewal of the financial service agreement with AVIC Finance Co., Ltd.
The 20th meeting of the 10th Board of Directors and the first extraordinary general meeting of shareholders in
2024 approved the Proposal to Sign A Financial Services Framework Agreement with AVIC Finance Co., Ltd. It was
decided to terminate the original contract with AVIC Finance Co., Ltd. and to re-sign the "Financial Services
Framework Agreement." For details, please refer to the Announcement on Related Party Transactions on Signing a
Financial Service Framework Agreement with AVIC Finance Co., Ltd. 2024-029 disclosed on the CNINFO website on
August 21, 2024.
4. Matters related to the 2018 A-share Restricted Stock Incentive Plan (Phase II)
Due to the resignation of two of the original incentive recipients and the passing of one original incentive recipient
from the company's 2018 A-share Restricted Stock Incentive Plan (Phase II), the Company's 20th meeting of the 10th
Board of Directors and the first extraordinary general meeting of shareholders in 2024 approved the repurchase and
cancellation of the total 90,180 A-share restricted stocks that had been granted to the above person but not yet lifted
from restriction, and the creditors were notified as required. For details, please refer to the announcements disclosed
by the Company on the CNINFO website on August 21, 2024, and September 7, 2024, titled Announcement on the
Repurchase and Cancellation of Part of the Restricted Stocks in the 2018 A-share Restricted Stock Incentive Plan
(Phase II) (2024-030) and Announcement on the Notification to Creditors Regarding the Repurchase and Cancellation
of Part of the Restricted Stocks and Reduction of Registered Capital (2024-037).
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: FIYTA Precision Technology Co., Ltd.
Sept. 30, 2024
Unit: RMB
Item Ending Balance Opening balance
Current assets:
Cash and bank balances 537,700,961.71 504,629,153.71
Deposit reservation for balance
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable 24,606,908.60 18,268,972.37
Accounts receivable 338,894,430.91 323,142,761.64
Receivables financing
Prepayment 6,221,596.50 6,571,239.98
Premiums receivable
Cession premiums receivable
Provision of cession receivable
Other receivables 61,159,058.98 57,725,792.00
Including: Interest receivable
Dividend receivable
Redemptory monetary capital for
sale
Inventories 2,062,539,803.21 2,100,666,175.28
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 86,272,600.62 72,249,391.81
Total current assets 3,117,395,360.53 3,083,253,486.79
Non-current assets:
Loans and advances offered
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 51,952,479.36 51,862,607.30
Other equity instrument
investments
Other non-current financial assets
Investment properties 348,485,340.81 360,255,832.14
Fixed assets 340,420,482.15 355,785,354.68
Construction in progress
Productive biological assets
Oil and gas assets
Right-of-use assets 107,866,365.74 109,452,481.64
Intangible assets 30,422,160.03 31,664,380.77
Including: Data resources
Development expenditures
Including: Data resources
Goodwill
Long-term prepaid expenses 112,595,737.01 122,324,355.13
Deferred income tax assets 77,320,228.02 80,227,771.46
Other non-current assets 2,353,256.10 9,434,627.17
Total non-current assets 1,071,416,049.22 1,121,007,410.29
Total assets 4,188,811,409.75 4,204,260,897.08
Current liabilities:
Short-term loans 320,207,333.32 250,187,763.87
Borrowing from the central bank
Borrowed funds
Trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 101,584,073.03 173,825,907.71
Advances from customer 9,052,024.50 10,267,758.31
Contract liabilities 20,023,549.02 12,286,243.62
Financial assets sold for
repurchase
Deposits from customers and
interbank
Receivings from vicariously traded
securities
Funds received as stock
underwrite
Employee benefits payable 75,933,801.61 120,084,810.60
Taxes payable 60,970,785.28 64,188,161.31
Other payables 114,717,552.05 121,937,801.07
Including: Interest payable
Dividend payable 2,785,293.14 2,058,352.24
Service charges and commissions
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
payable
Cession premiums payable
Liabilities held for sale
Non-current liabilities due within
71,407,342.66 66,399,004.20
one year
Other current liabilities 2,200,523.89 1,589,635.30
Total current liabilities 776,096,985.36 820,767,085.99
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: preferred stock
Perpetual bonds
Lease liabilities 35,786,485.69 43,526,352.52
Long-term payables
Long-term employee benefits
payable
Estimated liabilities
Deferred income 952,785.69 952,785.69
Deferred tax liability 5,322,219.52 5,208,920.69
Other non-current liabilities
Total non-current liabilities 42,061,490.90 49,688,058.90
Total liabilities 818,158,476.26 870,455,144.89
Owner's equity:
Share capital 405,854,187.00 415,219,970.00
Other equity instruments
Including: preferred stock
Perpetual bonds
Capital reserve 936,316,152.19 990,159,033.17
Less: treasury stock 13,379,181.81 78,645,532.23
Other comprehensive income 18,034,734.90 19,325,335.93
Special reserve 4,025,988.19 3,223,158.06
Surplus reserves 275,010,401.50 275,010,401.50
General risk provisions
Undistributed profits 1,744,790,651.52 1,709,513,385.76
Total equity attributable to the owner
3,370,652,933.49 3,333,805,752.19
of the parent company
Minority interests
Total owner's equity 3,370,652,933.49 3,333,805,752.19
Total liabilities and owner's equity 4,188,811,409.75 4,204,260,897.08
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui
2. Consolidated income statement from the beginning of the year to the end of the reporting
period
Unit: RMB
Item Amount for the current period Amount for the previous period
I. Total operating income 3,039,766,900.13 3,527,243,623.07
Including: Operating revenue 3,039,766,900.13 3,527,243,623.07
Interest income
Premiums earned
Income from service
charges and commissions
II. Total operating cost 2,789,227,954.27 3,193,712,123.89
Including: Operating costs 1,910,085,181.05 2,256,476,548.22
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
Interest expense
Expenditures of service
charges and commissions
Surrender value
Net payments for insurance
claims
Withdrawal of net provision
for insurance contracts
Expenditure of policy
dividend
Reinsurance costs
Taxes and surcharges 20,647,103.44 25,345,712.61
Selling and Distribution
673,760,699.02 691,195,217.89
Expenses
General and Administrative
127,780,770.41 160,446,439.91
Expenses
R&D Expenditures 42,788,996.21 43,344,236.22
Financial expenses 14,165,204.14 16,903,969.04
Including: interest
8,083,091.18 9,642,227.49
expenses
Interest income 3,418,830.95 4,131,111.69
Plus: other income 3,418,006.55 8,149,590.70
Investment income (losses
495,966.46 -1,697,481.65
indicated with "-")
Including: income from
investment in associates and joint 89,872.06 -1,697,481.65
ventures
Gains from
derecognition of financial assets
measured at amortized cost
Exchange gain (loss
presented with“-”)
Net exposure hedging gains
(losses indicated with "-")
Gains on changes in fair value
(losses indicated with "-")
Credit impairment losses
1,562,607.22 4,685,503.40
(losses presented with "-")
Asset impairment loss (loss
28,336.82
expressed with "-")
Asset disposal income (loss
2,653,033.29 892,421.07
expressed with "-")
III. Operating profit (losses indicated
258,696,896.20 345,561,532.70
with "-")
Plus: non-operating revenue 1,625,836.27 663,757.42
Less: non-operating expenses 429,283.85 651,662.32
IV. Total profit (total losses indicated
259,893,448.62 345,573,627.80
with "-")
Less: income tax expenses 62,270,500.06 80,015,634.99
V. Net profit (net losses indicated 197,622,948.56 265,557,992.81
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
with "-")
(I) Classified by business continuity
1. Net profit from continuing
operations (net loss indicated with "- 197,622,948.56 265,557,992.81
")
2. Net profit from discontinued
operations (net loss indicated with "-
")
(II) Classified by ownership
1. Net profit attributable to
shareholders of the parent company 197,622,948.56 265,557,992.81
("-" for net losses)
2. Minority interest income ("-"
for net losses)
VI. Net of tax from other
-1,290,601.03 7,793,849.07
comprehensive income
Net amount of other
comprehensive income after tax
-1,290,601.03 7,793,849.07
attributable to owners of the parent
company
(I) Other comprehensive
incomes that cannot be reclassified
into profit and loss
1. Changes in re-
measurement of the defined benefit
plan
2. Other comprehensive
income that cannot be transferred to
profit or loss under the equity method
3. Changes in fair value of
other equity instrument investments
4. Changes in fair value of
enterprise's own credit risk
5. Other
(II) Other comprehensive income
that can be re-classified into profit -1,290,601.03 7,793,849.07
and loss
1. Other comprehensive
income that can be carried forward to
profit and loss under the equity
method
2. Changes in fair value of
other debt investments
3. The amount of financial
assets reclassified and included in
other comprehensive income
4. Credit impairment reserves
of other debt investment
5. Cash flow hedge reserve
6. Translation difference of
-1,290,601.03 7,793,849.07
foreign currency financial statements
7. Other
Net of tax from other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income 196,332,347.53 273,351,841.88
(1) Total comprehensive income 196,332,347.53 273,351,841.88
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
attributable to owners of the parent
company
(2) Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.4824 0.6439
(II) Diluted earnings per share 0.4818 0.6439
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui
3. Consolidated cash flow statement from the beginning of the year to the end of the reporting
period
Unit: RMB
Item Amount for the current period Amount for the previous period
I. Cash flows from operating
activities:
Cash received from sale of goods
3,305,394,563.13 3,812,300,160.43
and rendering of services
Net increase in deposits from
customers and interbank
Net increase in borrowings from
the central bank
Net increase in funds borrowed
from other financial institutions
Cash received for premiums under
the original insurance contract
Net cash received from
reinsurance business
Net increase in deposits from the
insured and investment funds
Cash received for interest, service
charges and commissions
Net increase in borrowed funds
Net increase in funds of
repurchasing business
Net cash received from vicariously
traded securities
Refund of taxes and surcharges 1,953,384.44 1,273,051.27
Cash received from other
35,362,922.75 52,079,384.91
operating activities
Sub-total of cash inflow from
3,342,710,870.32 3,865,652,596.61
operating activities
Cash paid for purchase of goods
2,125,354,281.82 2,412,313,846.34
and rendering of services
Net increase in loans and
advances to customers
Net increase in deposits in the
central bank and deposits from
interbank
Cash paid for the compensation
under the original insurance contract
Net increase in lending funds
Cash paid for interest, service
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Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
charges and commissions
Cash paid for policy dividends
Cash paid to and for employees 468,285,742.10 481,935,681.22
Taxes and fees paid 175,398,254.82 206,597,758.05
Other cash payments relating to
256,304,630.20 285,730,827.89
operating activities
Sub-total of cash outflow from
3,025,342,908.94 3,386,578,113.50
operating activities
Net Cash Flows from Operating
317,367,961.38 479,074,483.11
Activities
II. Cash flows from investing
activities:
Cash received from disinvestment
Cash received from investment
353,144.14 500,000.00
income
Net cash received from disposal of
fixed assets, intangible assets and 4,820,218.37 1,203,099.10
other long-term assets
Net cash received from disposal of
subsidiaries and other business units
Cash received from other investing
171,506,575.50
activities
Sub-total of cash inflow from
176,679,938.01 1,703,099.10
investing activities
Cash paid to acquire and construct
fixed assets, intangible assets and 60,055,827.16 58,184,503.58
other long-term assets
Cash paid for investments
Net increase in pledged loans
Net cash paid to acquire
subsidiaries and other business units
Cash paid for other investing
215,214,392.40
activities
Sub-total of cash outflow from
275,270,219.56 58,184,503.58
investing activities
Net cash flows from operating
-98,590,281.55 -56,481,404.48
activities
III. Cash flows from financing
activities:
Cash received from investors
Including: Cash received from
the investment of minority
shareholders of the subsidiaries
Cash received from borrowings 320,000,000.00 250,000,000.00
Cash received from other financing
activities
Sub-total of cash inflow from
320,000,000.00 250,000,000.00
financing activities
Cash paid for debt repayments 250,000,000.00 240,000,000.00
Cash paid for distribution of
dividends and profits or payment of 166,775,880.35 112,333,808.97
interest
Including: Dividends and profits
paid by subsidiaries to minority
shareholders
Cash paid for other financing 88,815,458.65 151,416,099.18
13
Q3 2024 Report of FIYTA Precision Technology Co., Ltd.
activities
Sub-total of cash flows from financing
505,591,339.00 503,749,908.15
activities
Net cash flows from financing
-185,591,339.00 -253,749,908.15
activities
IV. Effect of exchange rate changes
-114,532.83 -159,124.40
on cash and cash equivalents
V. Net increase in cash and cash
33,071,808.00 168,684,046.08
equivalents
Add: opening balance of cash and
504,629,153.71 313,738,389.64
cash equivalents
VI. Closing balance of cash and cash
537,700,961.71 482,422,435.72
equivalents
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui
(II) Adjustment of items related to the financial statements at the beginning of
the year when the new accounting standards are implemented for the first time
since 2024
Not applicable
(III) Auditors' Report
Whether the Q3 report has been audited
No
FIYTA Precision Technology Co., Ltd.
Board of Directors
October 26, 2024
14
