FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
FIYTA Holdings Ltd.
2012 1st Quarterly Report, Full 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 CNY
End of the reporting End of the previous Increase/decrease
period year (%)
Total assets, in CNY 3,181,884,736.04 3,061,600,094.74 3.93%
Owner’s equity attributable to the
1,405,202,488.33 1,425,864,692.45 -1.45%
Company’s shareholders, in CNY
Total capital stock, in shares 392,767,870.00 392,767,870.00 -
Net asset per share attributable to the
3.58 3.63 -1.45%
Company’s shareholders (CNY/share)
Same Period of the Increase/decrease
Reporting period
Previous Year (%)
Turnover, in CNY 737,516,704.64 613,099,786.10 20.29%
Net profit attributable to the Company’s
35,189,309.19 33,754,342.56 4.25%
shareholders, in CNY
Net cash flows arising from operating
-65,823,575.63 -51,909,837.16 -
activities, in CNY
Net cash flows per share arising from
-0.17 -0.19 -9.43%
operating activities (CNY/share)
Basic earning per share (CNY/share) 0.09 0.086 4.25%
Diluted earning per share (CNY/share) 0.09 0.086 4.25%
Net assets-income ratio , weighted
2.44% 2.59% -0.15%
average, (%)
Weighted net assets-income ratio less the
2.52% 2.78% -0.26%
non-recurring gains and loss (%)
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
Non-recurring gain and loss items
√ applicable □ inapplicable
In CNY
Amount from year beginning
Non-recurring gain and loss items to the end of the reporting Note (if applicable)
period
Government subsidy counted to the current gain and loss but
except the government subsidy with close relation with the
567,500.00
Company’s normal business and in compliance with the
national policy with the nominal amount or fixed amount
Current net gain and loss of the subsidiaries created by
consolidation of enterprises under the same control from the -2,130,265.54
beginning of the reporting period to the date of consolidation
Income and expenses from the business other than the above
684,793.20
items
Amount influencing the income tax -311,336.44
Total -1,189,308.78 -
2.2 Total number of shareholders and shares held by the top ten shareholders of non-restricted
shares at the end of the reporting period
In Shares
Total shareholders at the end of the
21,782
reporting period
Shares held by top 10 shareholders of unrestricted negotiable shares
Quantity of the unrestricted
Full names of shareholders negotiable shares held at the end of Categories
the period
China Construction Bank – Huaxia
Superiority Growth Stock Based Securities 14,920,073 A Shares
Investment Fund
Industrial and Commercial Bank of China –
E-Fund Value Growth Mixed Securities 11,469,845 A Shares
Investment Fund
China Merchants Securities (HK) Co., Ltd. 5,341,531 B shares
Bank of Communications – Penghua China
50 Open-ended Securities Investment 5,199,610 A Shares
Fund
China Construction Bank – MANULIFE
TEDA Efficiency Selected Hybrid 5,121,943 A Shares
Securities Investment Fund
China Construction Bank – YINHUA
4,299,994 A Shares
Thematic Wealth Equity Fund
KGI ASIA LIMITED 4,279,265 B shares
GUOTAI JUNAN
4,079,617 B shares
SECURITIES(HONGKONG) LIMITED
National Social Security Fund No. 118
3,895,590 A Shares
Portfolio
China Construction Bank – First State
Cinda Leading Growth Stock Type 3,705,127 A Shares
Securities Investment Fund
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
§3 Important Events
3.1 Great Changes in Principal Accounting Statement Items and Financial Indexes and the
Causes
√ applicable □ inapplicable
1. Increase of the monetary fund by CNY 67.37 million over the year beginning was mainly due to net cash flow-out
amounting to CNY 65.32 million for the Company’s operation activities and net cash flow-out amounting to CNY 48.38
million for investment activities and net cash flow-in amounting to CNY 181.42 million from the financing activities.
2. Decrease of advance payment by CNY 37.77 million was mainly due to that the advance payment amounting to CNY
28.05 million for acquisition of the equity in Hengdarui was transferred out upon completion of the equity acquisition in the
reporting period.
3. Increase of the notes payable by CNY 125 million over the year beginning was due to increase of bank acceptance
issued for the Company.
4. In the reporting period, due to consolidation of the enterprises under the same control (acquisition of the equity in
Liaoning Hengdarui Commerce & Trade Co., Ltd., the profit of the consolidatee from the beginning of the reporting period
to the date of the consolidation formation was CNY-2.13 million.
5. Decrease of the capital reserve by CNY 32.73 million was mainly due to influence from the consolidation of the
enterprise under the same control in the reporting period.
6. Increase of the long term equity investment by CNY 40.15 million over the year beginning was mainly due to increase
of the investment in the equity in Shanghai Watch Industry by 25% in the reporting period. (As the equity acquisition was
not yet completed at the beginning of the year, the investment was stated in the item of other non-current assets)
3.2 Progress of Significant Events, its Impacts and the Solutions
3.2.1 Modified audit opinion
□ 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 reporting period or extending to
the reporting period are as follows:
√ applicable □ inapplicable
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
Commitments Acceptors Description Implementation
(1) CATIC Shenzhen
Holdings Limited
committed that upon
completion of the
equity separation
reform of FIYTA, the
non-negotiable
shares held by
CATIC Shenzhen
would not be listed
with Shenzhen Stock
Exchange for trading
Implementation of the commitment: The
within 36 months
commitment is in process of
after the day when
implementation. Commencing from the
such shares got
Commitment for Equity Separation CATIC date when the equity separation reform
approved for
Reform Shenzhen was fulfilled to the end of the reporting
listing;(2) Within 24
period, CATIC Shenzhen has not
months after the
reduced or assigned any restricted
3-year sales
shares held by CATIC Shenzhen.
restriction term
expires, in case
CATIC Shenzhen
would sell the
non-negotiable
FIYTA shares it was
holding through
listing with Shenzhen
Stock Exchange, the
sales price must not
be lower than CNY
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
CATIC Shenzhen:
Within 36 months
commencing from
the end of the
Company’s
Status of implementation of the
CATIC non-public issuing
Commitment at the time of issuing commitment: The commitment is in
Shenzhen (from December 30,
process of implementation.
2010 to December
29, 2013), CATIC
Shenzhen 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 reporting 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
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
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
reporting period
Reception Way of Types of Discussion topics and
Reception place Visitors received
Time reception Visitors provision of materials
China Southern
Fund
Development trend of the
Management
domestic luxury goods
Co., Ltd., Guotai
sector, some measures
Junan Securities
concerning the Company’s
Co., Ltd.,
February 28, On-Site strategic development, brand
Company Organization Guosen
2012 Survey construction, terminal
Securities Co.,
management in the past
Ltd. and China
three years. Provision of
International
the Company’s public
Fund
brochures in 2012.
Management
Co., Ltd.,
Development trend of the
Industrial domestic luxury goods
Securities Co., sector, some measures
Ltd. and concerning the Company’s
On-Site FrankLin strategic development, brand
March 1, 2012 Company Organization
Survey Templeton construction, terminal
Sealand Fund management in the past
Management three years. Provision of the
Co., Ltd. Company’s public brochures
in 2012.
Development trend of the
domestic luxury goods
Everbright sector, some measures
Securities Co., concerning the Company’s
March 15, On-Site Ltd. and strategic development, brand
Company Organization
2012 Survey Changan Fund construction, terminal
Management management in the past
Co., Ltd. three years. Provision of the
Company’s public brochures
in 2012.
Development trend of the
domestic luxury goods
sector, some measures
concerning the Company’s
Sinolink
March 22, On-Site strategic development, brand
Company Organization Securities Co.,
2012 Survey construction, terminal
Ltd.
management in the past
three years. Provision of the
Company’s public brochures
in 2012.
3.6 Investment in Derivatives
□ Applicable √ Inapplicable
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
3.6.1 Holding of the Investments in Derivatives at the End of the Reporting Period
□ Applicable √ Inapplicable
§4 Appendix
4.1. Balance Sheet
Prepared by: FIYTA Holdings Ltd. March 31, 2012 年 03 月 31 日 In CNY
Ending balance Opening balance
Items
Consolidated Parent company Consolidated Parent company
Current assets:
Monetary fund 247,337,914.88 67,172,303.39 179,972,430.02 49,327,161.12
Settlement Reserve
Inter-bank lending
Trading financial assets
Notes receivable
Accounts receivable 304,023,208.25 212,183,668.52 268,900,768.37 157,324,732.29
Prepayments 39,373,696.37 77,139,710.01
Insurance premium
receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable
Dividends receivable 34,607,884.20
Other receivables 33,006,656.82 1,185,750,440.93 34,058,993.74 879,552,488.89
Buying and selling back
financial assets
Inventories 1,709,914,022.99 12,182,510.69 1,640,904,483.64 60,263,407.14
Non-current assets due
within a year
Other current assets 31,331,108.20 44,245,896.17
Total current assets 2,364,986,607.51 1,477,288,923.53 2,245,222,281.95 1,181,075,673.64
Non-Current Assets:
Disbursement of entrusted
loans and advances
Available-for-sale financial
assets
Held –to-due investment
Long-term accounts
receivable
Long-term equity
42,098,835.02 774,298,555.02 1,948,572.76 734,148,292.76
investment
Investment based real
270,077,158.70 270,077,158.70 272,490,648.63 272,490,648.63
estate
Fixed assets 297,317,980.12 101,678,881.89 295,407,284.31 103,792,286.84
Construction-in-process 283,500.00 283,500.00 249,000.00 249,000.00
Engineering supplies
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
Disposal of fixed assets
Productive biological
assets
Oil and gas asset
Intangible assets 36,980,179.58 30,612,508.05 37,065,827.49 30,695,325.97
Development expenses
Goodwill
Long-term expenses to be
120,775,056.36 18,224,186.22 122,665,313.17 22,046,301.93
apportioned
Deferred income tax asset 49,365,418.75 3,642,027.05 46,250,916.43 3,642,026.85
Other non-current assets 40,300,250.00 40,300,250.00
Total non-current assets 816,898,128.53 1,198,816,816.93 816,377,812.79 1,207,364,132.98
Total assets 3,181,884,736.04 2,676,105,740.46 3,061,600,094.74 2,388,439,806.62
Current liabilities:
Short-term Loan 1,238,107,000.00 1,170,000,000.00 1,099,107,000.00 912,000,000.00
Borrowings from central
bank
Receipt of deposits and
deposits from other banks
Loans from other banks
Trading financial liabilities
Notes payable 125,000,000.00 62,500,000.00
Accounts payable 163,772,050.21 4,669,625.01 191,460,941.62 9,109,177.41
Advance receipts 8,361,555.11 3,752,981.06 3,740,327.89 1,466,500.43
Funds from selling out and
repurchasing financial assets
Service charge and
commission payable
Salaries payable to the
9,634,492.33 27,414,469.57 4,839,475.00
employees
Taxes payable 44,371,176.32 17,950,638.56 50,298,472.82 17,593,036.57
Interest payable 1,937,922.99 1,907,509.99 2,138,573.07 1,907,509.99
Dividends payable
Other payables 26,067,420.77 78,161,591.84 33,000,834.53 43,019,929.22
Reinsurance payable
Insurance contract reserve
Funds from securities
trading agency
Funds from underwriting
securities agency
Non-current liabilities due
89,500,000.00 89,500,000.00 149,600,000.00 149,600,000.00
within a year
Other current liabilities 7,481,617.19 16,714,572.85
Total current liabilities 1,714,233,234.92 1,428,442,346.46 1,573,475,192.35 1,139,535,628.62
Non-Current Liabilities:
Long-term loan 57,000,804.07 57,030,567.09
Bonds payable
Long term accounts
payable
Special accounts payable
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
Predicted liabilities
Deferred income tax
128,393.19 128,393.19 128,393.19 128,393.19
liability
Other non-current liabilities 2,686,000.00 2,686,000.00 2,350,000.00 2,350,000.00
Total non-current liabilities 59,815,197.26 2,814,393.19 59,508,960.28 2,478,393.19
Total liabilities 1,774,048,432.18 1,431,256,739.65 1,632,984,152.63 1,142,014,021.81
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00 392,767,870.00 392,767,870.00
stock)
Capital reserve 548,876,333.81 531,162,493.88 581,606,952.78 531,162,493.88
Less: shares in stock
Special reserve
Surplus reserve 107,954,056.75 131,323,437.78 131,323,437.78 131,323,437.78
Generic risk reserve
Retained earnings 362,711,269.77 189,595,199.15 327,521,960.58 191,171,983.15
Foreign Currency Capital -7,107,042.00 -7,355,528.69
Total owner’s equity
attributable to the parent 1,405,202,488.33 1,244,849,000.81 1,425,864,692.45 1,246,425,784.81
company
Minority equity 2,633,815.53 2,751,249.66
Total owners’ equity 1,407,836,303.86 1,244,849,000.81 1,428,615,942.11 1,246,425,784.81
Total liabilities and owners’
3,181,884,736.04 2,676,105,740.46 3,061,600,094.74 2,388,439,806.62
equity
4.2 Profit Statement
Prepared by: FIYTA Holdings Ltd. March 31, 2012 年 03 月 31 日 In CNY
Amount in the reporting period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Gross Revenue 737,516,704.64 76,813,735.01 613,099,786.10 101,438,544.06
Including: revenue 737,516,704.64 76,813,735.01 613,099,786.10 101,438,544.06
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 692,569,485.20 79,275,170.98 568,733,388.49 102,856,963.86
Including: operating costs 490,208,507.58 57,571,143.06 416,509,948.95 48,594,833.04
Interest payment
Service charge and
commission payment
Refunded premiums
Compensation
pay-out, net
Net amount of
reserves for reinsurance
contract
Policy dividend
payment
Reinsurance
expenses
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
Business taxes and
3,993,487.73 2,151,767.02 2,717,380.13 1,281,051.71
surcharge
Sales costs 128,096,629.55 3,442,248.92 90,751,393.83 36,158,387.44
Administrative
42,196,990.42 10,710,630.13 42,813,012.22 13,874,162.21
expenses
Financial expenses 28,078,168.62 5,403,680.55 15,941,653.36 2,948,529.46
Loss from impairment
-4,298.70 -4,298.70
of assets
Add: Income from change
of fair value (loss expressed
with “-“)
Investment income
150,012.26 150,012.26 34,187,130.93
(loss expressed with “-“)
Including: income
from investment in
associates and joint ventures
Exchange income (loss
expressed with “-“)
III. Operating Profit (loss
45,097,231.70 -2,311,423.71 44,366,397.61 32,768,711.13
expressed with “-“)
Plus: Non-operating
1,254,795.94 815,562.40 553,891.04 50,266.03
income
Less: Non-operating
2,520.27 997.70 20.31
expenses
Including: Loss from
disposal of non-current
assets
IV. Total profit (total loss
46,349,507.37 -1,496,859.01 44,920,268.34 32,818,977.16
expressed with “-“)
Less: Income tax expense 11,280,543.89 79,924.99 10,861,284.18 5,469.14
V. Net Profit (net loss
35,068,963.48 -1,576,784.00 34,058,984.16 32,813,508.02
expressed with “-“)
Net profit attributable to
35,189,309.19 -1,576,784.00 33,754,342.56 32,813,508.02
the parent company’s owner
Minority shareholders’
-120,345.71 304,641.60
gain/loss
VI. Earnings per share:
(I) Basic earnings per
0.09 0.086
share
(II) Diluted earnings per
0.09 0.086
share
VII. Other comprehensive
251,398.27
income
VIII. Total comprehensive
35,320,361.75 -1,576,784.00 34,058,984.16 32,813,508.02
income
Total comprehensive
income attributable to the 35,437,795.88 -1,576,784.00 33,754,342.56 32,813,508.02
owner of the parent company
Total comprehensive
income attributable to -117,434.13 304,641.60
minority shareholders
In case consolidation of the enterprises under the same control took place in the reporting period, the net profit realized by
the enterprises to be consolidated before the consolidation was CNY -2,130,265.54.
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
4.3. Cash Flow Statement
Prepared by: FIYTA Holdings Ltd. March 31, 2012 年 03 月 31 日 In CNY
Amount in the reporting period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flows arising from
operating activities:
Cash received from
sales of goods and supply of 787,816,057.95 31,261,628.52 701,070,274.49 121,410,896.89
labor
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
former insurance contract
premium
Net cash received from
reinsurance business
Net increase of
insurance reserve and
investment
Net increase from
disposal of transactional
financial asset
Cash received from
interest, service charge and
commission
Net increase of
borrowings
Net increase of fund
from repurchases
Rebated taxes received 217,481.16
Other operation activity
5,385,787.06 96,720,216.95 3,246,551.37 1,168,114.42
related cash receipts
Subtotal of cash flow
793,201,845.01 127,981,845.47 704,534,307.02 122,579,011.31
in from operating activity
Cash paid for purchase
of goods and reception of 642,086,226.93 10,604,623.06 591,977,074.47 60,512,271.00
labor services
Net increase of loans
and advances to customers
Net increase of due from
central bank and due from
banks
Cash paid for indemnity
of original insurance contract
Cash paid for interest,
service charge and
commission
Cash paid for insurance
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
policy dividend
Cash paid to and for
95,422,141.67 13,228,453.93 67,514,236.58 25,625,960.21
staff
Taxes paid 38,032,677.40 12,578,721.14 37,538,185.04 5,548,767.63
Other business related
83,484,374.64 284,994,206.02 59,414,648.09 165,033,543.11
cash payments
Subtotal of cash flow
859,025,420.64 321,406,004.15 756,444,144.18 256,720,541.95
out from operating activity
Net cash flow
arising from operating -65,823,575.63 -193,424,158.68 -51,909,837.16 -134,141,530.64
activities
II. Cash flows arising from
investment activities:
Cash received from
recovery of investment
Cash received from
300,000.00 34,907,884.20
investment income
Net amount of cash
received from disposal of
fixed assets, intangible 100.00 56,686.60 56,686.60
assets and other long term
assets
Net cash received from
disposal of subsidiaries and
other operating units
Other investment related
634.74
cash receipts
Subtotal of cash flow
300,100.00 34,907,884.20 57,321.34 56,686.60
in from investment activity
Cash paid for
construction/purchase of
fixed assets, intangible 20,626,440.09 592,632.00 159,560,331.46 7,158,221.30
assets and other long term
assets
Cash paid for
28,050,000.00 16,300,000.00
investment
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and
other operating units
Other investment related
cash payments
Subtotal of cash flow
48,676,440.09 592,632.00 175,860,331.46 7,158,221.30
out from investment activity
Net cash flow
arising from investment -48,376,340.09 34,315,252.20 -175,803,010.12 -7,101,534.70
activities
III. Cash flows arising from
fund raising activities:
Cash received from
51,000,000.00
absorption of investment
Incl.: Cash received
from subsidiaries’ absorption
of minority shareholders’
investment
Cash received from 387,000,000.00 387,000,000.00 258,000,000.00 139,000,000.00
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FIYTA Holdings Ltd. 2012 1st Quarterly Report, Full Text
borrowings
Cash received from
bond issuing
Other fund-raising
125,000,000.00
related cash receipts
Subtotal of cash flow
512,000,000.00 387,000,000.00 309,000,000.00 139,000,000.00
in from fund raising activity
Cash paid for liabilities
308,130,500.95 189,100,000.00 320,030,100.84 270,000,000.00
repayment
Cash paid for
dividend/profit distribution or 21,419,522.94 19,914,700.35 10,273,760.63 8,902,479.44
repayment of interest
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising
1,031,250.90 1,031,250.90
related cash payments
Subtotal of cash flow
330,581,274.79 210,045,951.25 330,303,861.47 278,902,479.44
out from fund raising activity
Net cash flow
arising from fund-raising 181,418,725.21 176,954,048.75 -21,303,861.47 -139,902,479.44
activities
IV. Influence from change of
exchange rate upon cash 146,675.37 -29.98
and cash equivalents
V. Net increase of cash and
67,365,484.86 17,845,142.27 -249,016,738.73 -281,145,544.78
cash equivalents
Plus: Opening balance
179,972,430.02 49,327,161.12 613,455,817.52 529,568,738.47
of cash and cash equivalents
VI. Ending balance of cash
247,337,914.88 67,172,303.39 364,439,078.79 248,423,193.69
and cash equivalents
4.4 Audit Report
Auditor’s opinion: Unaudited
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