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SHENZHEN FIYTA HOLDINGS LTD 2011 1 QUARTERLY REPORT, MAIN TEXT
Stock Code: 000026 Short form of the Stock: FIYTA A Announcement No: 2011－018
SHENZHEN FIYTA HOLDINGS LTD
2011 1st Quarterly Report, Main Text
§1 Important
1.1. 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 no material omissions or errors which would
render any statement misleading.
1.2 The Company’s 1st Quarterly Financial Report has not been audited by the CPAs.
1.3. Mr. Wu Guangquan, the Company leader, Mr. Li Dehua, chief financial officer and the Mr. Hu
Xinglong, the person in charge of the accounting department (the person in charge of the accounting)
hereby confirm the authenticity and completeness of the financial report enclosed in this quarterly report.
§2 Company Information
2.1 Financial highlights
In RMB
End of the report period End of the previous year Increase/decrease (%)
Total assets, in RMB 2,302,506,165.79 2,436,539,054.39 -5.50%
Owner’s equity attributable to the Company’s
1,302,177,746.56 1,265,996,583.67 2.86%
shareholders, in RMB
Capital stock, in shares 280,548,479.00 280,548,479.00 0.00%
Net asset per share attributable to the
4.64 4.51 2.88%
Company’s shareholders (RMB/share)
Same Period of the
Report period Increase/decrease (%)
Previous Year
Turnover, in RMB 613,099,786.10 407,994,496.90 50.27%
Net profit attributable to the Company’s
36,736,703.99 20,239,688.08 81.51%
shareholders in RMB
Net cash flows arising from operating
-45,795,420.73 19,022,130.42 -
activities, in RMB
Net cash flows per share arising from
-0.16 0.08 -
operating activities (RMB/share)
Basic earning per share (RMB/share) 0.13 0.08 81.51%
Diluted earning per share (RMB/share) 0.13 0.08 81.51%
Net assets-income ratio , weighted average,
2.86% 2.79% 0.07%
(%)
Weighted net assets-income ratio less the 2.83% 2.79% 0.04%
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SHENZHEN FIYTA HOLDINGS LTD 2011 1 QUARTERLY REPORT, MAIN TEXT
non-recurring gains and loss (%)
Non-recurring profit and loss items
√ applicable □ inapplicable
In RMB
Non-recurring profit and loss items Amount Note (if applicable)
Government subsidy credited to the current gain and loss but
except the government subsidy with close relation with the
500,000.00
Company’s normal business and in compliance with the national
policy, with the nominal amount or fixed amount
Income and expenses from the business other than the above
53,870.73
items
Total 553,870.73 -
2.2 Total number of shareholders and shares held by the top ten shareholders of non-restricted
shares at the end of the report period
Shares
Total shareholders at the end of the report
16,645
period
Shares held by top 10 shareholders of non-restricted shares
Quantity of the non-restricted
Full names of shareholders negotiable shares held at the end of Categories
the period
Industrial and Commercial Bank of China –
E-Fund Value Growth Mixed Securities 6,800,000 A Shares
Investment Fund
KGI ASIA LIMITED 3,026,918 B shares
China Merchants Securities (HK) Co., Ltd. 2,454,335 B shares
Industrial and Commercial Bank of China –
Huitianfu Growth Focus Stock Based 2,287,579 A Shares
Securities Investment Fund
BANK JULIUS BAER & CO.LTD 1,899,872 B shares
BBH BOS S/A FIDELITY FD - CHINA
1,726,713 B shares
FOCUS FD
MARTIN CURRIE INVESTMENT
1,594,971 A Shares
MANAGEMENT LIMITED
Industrial and Commercial Bank of China –
Guotou Ruiyin Core Enterprise Stock Based 1,549,763 A Shares
Securities Investment Fund
Taikang Life Insurance Co., Ltd. – Tradition –
General Insurance Product -019L-CT001 1,494,873 A Shares
Shen
Industrial and Commercial Bank of China –
Huitianfu Private Vigorous Stock Based 1,451,620 A Shares
Securities Investment Fund
§3 Important Events
3.1 Great Changes in Principal Accounting Statement Items and Financial Indexes and the
Causes
√ applicable □ inapplicable
1. Decrease of monetary fund by RMB 267.90 million over the year beginning was mainly due to expansion of the sales
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SHENZHEN FIYTA HOLDINGS LTD 2011 1 QUARTERLY REPORT, MAIN TEXT
network, increase of purchase expenses and operational expenses and net flow-out of operational cash by RMB 45.80
million as well as repayment of bank loan by RMB 181 million in the report period.
2. Increase of the accounts payable by RMB 12.34 million over the year beginning was mainly due to corresponding
increase of the accounts payable resulting from growth of sales.
3. Increase of the inventories by RMB 125.87 million over the year beginning was mainly due to increase of stock quantity
resulting from growth of the Company’s sales network size.
4. Decrease of the short term loan by RMB 181 million over the year beginning was mainly due to replacement of the own
reserves previously invested in the projects planned to be invested with the proceeds raised through share-offering, which
mainly consisted of the repayment of the short term loan by the head office amounting to RMB 131 million and repayment of
the bank loan by HARMONY amounting to RMB 50 million.
5. Increase of the accounts payable by RMB 26.92 over the year beginning was mainly due to increase of purchase of
stocks by the Company.
6. Decrease of the minority equity over the year beginning by RMB 18.25 million was mainly due to acquisition of the
minority equity by the Company.
3.2 Progress of Significant Events, its Impacts and the Solutions
3.2.1 Qualified Auditor’s Opinions
□ Applicable √ Inapplicable
3.2.2 Engagement in such activities as supply of fund to the controlling shareholder or other
related parties or outward guarantee against the regulations
□ Applicable √ Inapplicable
3.2.3 Subscription and Implementation of Significant Contracts for Daily Operation
□ Applicable √ Inapplicable
3.2.4 Miscellaneous
□ Applicable √ Inapplicable
3.3 Implementation of the Commitments of the Company, the Shareholders and the Actual
Controller
The commitments of the Company, its directors, supervisors and senior executives, and the related parties, including the
shareholder holding over 5% of the Company’s total shares and the actual controller in the report period or extending to
the report period are as follows:
√ applicable □ inapplicable
Commitments Acceptors Description Implementation
(1) Shenzhen CATIC
Group committed that
upon completion of the Implementation of the commitment: The
equity separation commitment is in process of
reform of FIYTA, the implementation. Commencing from the
Commitment for Equity Separation Shenzhen non-negotiable shares date when the equity separation reform
Reform CATIC Group held by Shenzhen was fulfilled to the end of the report period,
CATIC Group would Shenzhen CATIC Group has not reduced
not be listed with or assigned any restricted shares held by
Shenzhen Stock Shenzhen CATIC Group.
Exchange for trading
within 36 months after
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SHENZHEN FIYTA HOLDINGS LTD 2011 1 QUARTERLY REPORT, MAIN TEXT
the day when such
shares got approved
for listing; (2) Within 24
months after the 3-year
sales restriction term
expires, in case
Shenzhen CATIC
Group would sell the
non-negotiable FIYTA
shares it was holding
through listing with
Shenzhen Stock
Exchange, the sales
price must not be lower
than RMB 25.00 per
share.
Commitments in the acquisition report
or the written report on change of - - -
equity
Commitment at the time of important
- - -
assets reorganization
Commitment of
Shenzhen CATIC
Group: Within 36
months commencing
from the end of the
Company’s non-public Status of implementation of the
Shenzhen
Commitment at the time of issuing issuing (from commitment: The commitment is in
CATIC Group
December 30, 2010 to process of implementation.
December 29, 2013),
Shenzhen CATIC
Group shall not assign
any of the new shares
it has subscribed.
Other commitment (including
- - -
supplementary commitment)
3.4 Prediction of the possibility of the accumulated net profit from the year beginning to the end
of the next report period being of loss; or warning for big changes in the net profit in comparison
with the same period of the previous year and the reasons
□ Applicable √ Inapplicable
3.5 Other Important Matters Necessary to be Clarified
3.5.1 Investment in Securities
□ Applicable √ Inapplicable
3.5.2 Statement of such activities as reception, research, communications and interviews in the
report period
Reception Time Reception place Way of reception Visitors received Topics and materials furnished
Fortis Haitong
Development trend of the domestic
Investment
luxury goods sector, some measures
Management Co.,
January 11,
Company On-Site Survey concerning the Company’s strategic
2011 Ltd.,
development, brand construction,
CITIC-Prudential
terminal management in the past
Fund Management
three years. Provision of the
Company Ltd.,
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SHENZHEN FIYTA HOLDINGS LTD 2011 1 QUARTERLY REPORT, MAIN TEXT
China Nature Asset Company’s public brochures in 2011.
Management Co.,
Ltd., Minsheng
Royal Fund
Management Co.,
Ltd., Dongxing
Securities Co., Ltd.,
Da Cheng Fund
Management Co.,
Ltd., Rongtong
Fund Management
Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
January 14, Zheshang
Company On-Site Survey development, brand construction,
2011 Securities Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
Merchants luxury goods sector, some measures
Securities Co., Ltd. concerning the Company’s strategic
January 18,
Company On-Site Survey Shenzhen Haiheng development, brand construction,
2011
Investment Co., terminal management in the past
Ltd. three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
Shanghai Shenyin luxury goods sector, some measures
& Wanguo concerning the Company’s strategic
March 14, 2011 Company On-Site Survey Securities development, brand construction,
Research Institute terminal management in the past
Co., Ltd. three years. Provision of the
Company’s public brochures in 2011.
3.6 Investment in Derivatives
□ Applicable √ Inapplicable
3.6.1 Holding of the Investments in Derivatives at the End of the Report Period
□ Applicable √ Inapplicable
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