FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Stock Code: 200026 Short form of the Stock: FIYTA B Announcement No.:2012-019
2012 Semi Annual Report Summary
I. Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives of the
Company hereby confirm that there are no important omissions, fictitious statements or serious
misleading information carried in this report, and shall take all responsibilities, individually and/or jointly,
for the authenticity, accuracy and completeness of the whole contents.
All the directors attended the board meeting for reviewing the Annual Report.
The semi-annual financial report has not been audited by the certified public accountants.
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 semi-annual report.
I. Company Information
(I) Basic Information
A-share ticker FIYTA A
A-share stock code 000026
Stock Exchange Listed with Shenzhen Stock Exchange
Secretary of the Board Securities Affairs Representative
Names Chen Libin Zhang Yong
th th
20 Floor, FIYTA Technology 20 Floor, FIYTA Technology
Liaison Address Building, Gaoxin S. Road One, Building, Gaoxin S. Road One,
Nanshan District, Shenzhen Nanshan District, Shenzhen
Tel. 0755-86013669 0755-86013669
Fax 0755-83348369 0755-83348369
E-mail investor@fiyta.com.cn investor@fiyta.com.cn
(II) Financial Highlights
1. Key Accounting Data and Financial Indicators
Is there any retroactive adjustment of the financial statements of the previous reporting period
√ Yes
1
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Increase/decrease of the
reporting period vs the
End of the previous year
End of the same period of the
reporting period previous year (%)
Before After
After adjustment
adjustment adjustment
3,306,412,693. 2,895,775,774. 3,061,600,094.
Total assets, in CNY 8%
19 19 74
Owner’s equity attributable to
1,394,286,721. 1,391,003,807. 1,425,864,692.
the Company’s shareholders, -2.21%
36 94 45
in CNY
Capital stock, in shares 392,767,870.00 392,767,870 392,767,870.00 0%
Net asset per share
attributable to the Company’s 3.55 3.54 3.63 -2.2%
shareholders (CNY/share)
Gear Ratio (%) 57.75% 51.87% 53.34% 4.41%
Increase/decrease of the
reporting period vs the
Reporting Same Period of the Previous Year
same period of the
Accounting data summary period (Jan to previous year(%)
Jun)
Before After
After adjustment
adjustment adjustment
1,483,755,811.3 1,232,010,736. 1,232,010,736.
Total revenues, in CNY 20.43%
6 41 41
Operating Profit, in CNY
80,596,906.17 102,601,007.36 95,784,459.17 -15.86%
Total profit, in CNY 82,333,120.60 103,969,019.95 97,152,471.76 -15.25%
Net profit attributable to the
Company’s shareholders, in 65,289,417.62 85,990,142.75 79,173,594.56 -17.54%
CNY
Net profit attributable to the
Company’s shareholders less 66,113,217.45 87,145,297.28 87,145,297.28 -24.13%
the extraordinary items, in CNY
Basic earning per share
0.166 0.219 0.202 -17.82%
(CNY/share)
Diluted earning per share
0.166 0.219 0.202 -17.82%
(CNY/share)
Net assets-income ratio ,
4.63% 6.75% 5.99% -1.36%
weighted average, (%)
Weighted net assets-income
ratio less the non-recurring 4.68% 6.84% 6.6% -1.92%
gains and loss (%)
Net cash flows arising from -103,426,718.8 -106,648,569.9
-93,347,203.62
operating activities, in CNY 2 7
Net cash flows per share
arising from operating activities -0.24 -0.263 -0.27 11.11%
(CNY/share)
Note to the Key Accounting Data And Financial Indicators at the End of the Reporting Period
th
The 29 Meeting of the Sixth Board of Directors of FIYTA Holdings Ltd. held on December 14, 2011 approved Proposal
on Acquisition of the Equity in Liaoning Hengdarui Commerce & Trade Co., Ltd. (Hengdarui) by Shenzhen Harmony
World Watches Center Co., Ltd. and the Extraordinary Shareholders’ Meeting held on January 4, 2012 reviewed and
approved the Proposal on Acquisition of the Equity in Liaoning Hengdarui Commerce & Trade Co., Ltd. by Shenzhen
Harmony World Watches Center Co., Ltd.
According to the Agreement on Assignment of the Equity to the Third Party and the Contract on Equity Assignment, the
Company paid CNY 28.05 million, the balance of the payment for the equity acquired equal to 50% of the total payment in
February, 2012; the total payment involved in the equity acquisition was CNY 56.10 million. By then, the Company had
2
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
finished acquisition of 100% equity in Hengdarui. As the three parties participated in the assignment of the equity, namely
the Company, CATIC Shenzhen Company Limited (“CATIC Shenzhen”), the Company’s actual controller, and CATIC Trust
Co., Ltd. are related parties. Therefore, in the reporting period, Hengdarui, as an enterprise under common control, has
been included in the consolidated statement range and the consolidation date was February 28, 2012. According to the
requirement on consolidation of an enterprise under common control as specified in the Accounting Standards for
Enterprises, the Company made retroactive adjustment of the data as at year beginning and the same period of the
previous year.
2. Non-recurring gains and losses.
Amount from year
beginning to the end of
Non-recurring gains and losses Notes
the reporting period
(CNY)
Gain/loss from disposal of non-current assets -9,431.30
Tax rebate or reduction with approval by
overstepping authority, or without formal approval
document
Government subsidy recognized in current gain and
loss (excluding those closely related to the
Company’s business and granted under the state’s 567,500.00
policies according to certain quota of amount or
volume)
Fund occupancy consideration received from
non-financial institution counted to the current gains
and losses
Income from the costs of the investments in the
subsidiaries, associates and joint ventures as
acquired less than the fair value of the enjoyable
recognizable net assets of the investees at the time
of investment acquired.
Exchange gain/loss from non-monetary assets
Gain/loss from entrusted investment or asset
management
Provision for impairment of various assets arising
from force majeure, such as natural disaster
Gains and losses from debts reorganization
Enterprise reorganization fee, such as expenses for
arrangement for employees, integration fee, etc.
Gains/losses exceeding the fair value arising from
transactions with obviously unfair prices
Net gain and loss of the subsidiary under the
common control and produced from enterprise
-2,130,265.54
consolidation from the beginning of the period to the
consolidation date
Gain and loss arising from contingent matters
irrelevant with the Company’s normal operation
business
Gain and loss from change of the fair value arising
from transactional monetary assets, transactional
financial liabilities as held as well as the investment
income arising from disposal of the transactional
monetary assets, transactional financial liabilities and
financial assets available for sale excluding the
effective hedging transaction in connection with the
Company’s normal business
Reverse of the provision for impairment of accounts
receivable undergoing impairment test individually
3
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Gain/loss from external entrusted loan
Gain and loss arising from change in the fair value of
the investment based real estate measured
afterwards by means of fair value model
Influence upon the current gains and losses from the
once-and-for-all adjustment over the current gains
and losses according to the taxation and accounting
laws and regulations
Income from custodian charge obtained from
entrusted operation
Operating income and expenses other than the
1,178,145.73
aforesaid items
Other gains/losses in compliance with the definition
of non-recurring gain/loss
Amount affected by minority shareholders’ equity
Amount influencing the income tax -429,748.72
Total -823,799.83 --
3. Difference in Net Profit and Net Assets in the Financial Report as Disclosed according to the
International Accounting Standards and the Chinese Accounting Standards
√ Inapplicable
4. Difference in Net Profit and Net Assets in the Financial Report as Disclosed Respectively
according to the Accounting Standards Outside Mainland China and the Chinese Accounting
Standards
√ Inapplicable
III. Change in Capital Stock and Particulars about Shareholders
(I) Statement of Change in Share Capital
Before the change Increase / Decrease (+/ -) After the change
Shares
Quantit Proport New Bonus convert Sub-tot Quantit Proport
Others
y ion (%) issuing shares ed from al y ion (%)
reserve
199,75 -36,727 -36,727 163,02
I. Restricted shares 50.86% 41.5%
4,106 ,046 ,046 7,060
1.State owned shares
2. State corporate 173,10 -10,127 -10,127 162,97 41.49
44.07%
shares 4,373 ,046 ,046 7,327 %
3. Other domestic 26,600, -26,600 -26,600
6.77%
shares 000 ,000 ,000
4
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Including: Domestic 26,600, -26,600 -26,600
6.77%
corporate shares 000 ,000 ,000
Domestic natural
person shares
4. Foreign shares
Including: Foreign
corporate shares
Overseas natural
person shares
5. Executives shares
49,733 0.01% 49,733 0.01%
193,01 36,727, 36,727, 229,74
II. Unrestricted shares 49.14% 58.5%
3,764 046 046 0,810
1. CNY ordinary 111,365 36,727, 36,727, 148,09 37.71
28.35%
shares ,764 046 046 2,810 %
2. Foreign shares 81,648, 81,648 20.79
20.79% 0
listed domestically 000 ,000 %
3. Foreign shares
listed abroad
4. Others
392,76 392,76
III. Total Shares 7,870.0 100% 7,870. 100%
0 00
(II) Information of Top 10 Shareholders, Top 10 Shareholders of Unrestricted
Shares/Shares Held by Floating Shareholders.
Information of shares held by top 10 shareholders and top 10 shareholders of unrestricted shares
Total Shareholders 23,088
Shares held by the top ten shareholders
Shareh Pledging or freezing
Quantity of
Full names of Nature of olding Total shares
restricted
shareholders Shareholders proport held
shares held Status of
ion (%) Quantity
the shares
State-owned
CATIC Shenzhen 41.49 162,977,32
corporate 162,977,327
Holdings Limited % 7
shareholder
China Construction
Domestic
Bank – Huaxia
non-state
Superiority Growth 3.8% 14,920,073 0
corporate
Stock Based Securities
shareholder
Investment Fund
5
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Industrial and
Commercial Bank of Domestic
China – E-Fund Value non-state
2.55% 10,000,000 0
Growth Mixed corporate
Securities Investment shareholder
Fund
China Merchants
Overseas
Securities (HK) Co., 1.53% 6,014,981 0
corporate
Ltd.
Domestic
National Social Security non-state
1.16% 4,550,525 0
Fund No. 118 Portfolio corporate
shareholder
GSI S/A GOLDEN
Overseas
CHINA PLUS MASTER 1.12% 4,416,654 0
corporate
FUND
China Construction
State-owned
Bank – YINHUA
corporate 1.09% 4,299,994 0
Thematic Wealth Equity
shareholder
Fund
Overseas
KGI ASIA LIMITED 1.09% 4,279,265 0
corporate
Construction Bank of
Domestic
China – YINHUA Core
non-state
Value Selected Stock 1.08% 4,237,656 0
corporate
Based Securities
shareholder
Investment Fund
Industrial and
Commercial Bank of Domestic
China – Guotou Ruiyin non-state
1.07% 4,205,230 0
Growth Selected Stock corporate
Based Securities shareholder
Investment Fund
Shareholding of top 10 shareholders of unrestricted shares
Categories and Quantity
Quantity of unrestricted
Shareholders
shares held
Categories Quantity
China Construction Bank – Huaxia
Superiority Growth Stock Based Securities 14,920,073 A-shares 14,920,073
Investment Fund
Industrial and Commercial Bank of China
– E-Fund Value Growth Mixed Securities 10,000,000 A-shares 10,000,000
Investment Fund
China Merchants Securities (HK) Co., Ltd. 6,014,981 B-shares 6,014,981
National Social Security Fund No. 118
4,550,525 A-shares 4,550,525
Portfolio
6
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
GSI S/A GOLDEN CHINA PLUS MASTER
4,416,654 B-shares 4,416,654
FUND
China Construction Bank – YINHUA
4,299,994 A-shares 4,299,994
Thematic Wealth Equity Fund
KGI ASIA LIMITED 4,279,265 B-shares 4,279,265
Construction Bank of China – YINHUA
Core Value Selected Stock Based 4,237,656 A-shares 4,237,656
Securities Investment Fund
Industrial and Commercial Bank of China
– Guotou Ruiyin Growth Selected Stock 4,205,230 A-shares 4,205,230
Based Securities Investment Fund
BANK JULIUS BAER & CO.LTD 3,485,769 B-shares 3,485,769
The Company has found neither affiliation among the aforesaid
Explanation on the related relationship
shareholders nor concerted actor as specified in the Measures for
or/and or concerted actor of the aforesaid
Administration of Information on the Shareholder Equity Change of
shareholders:
Listed Companies.
(III) Change in the Controlling Shareholder and the Actual Controller
√ Inapplicable
IV. Directors, Supervisors and Senior Executives
(I) Change in Shares Held by Directors, Supervisors and Senior Executives
Volume of
stock
Number of Volume of
Volume of Number of options of
shares shares Including:
shares sold shares held the
acquired at acquired volume of
during the at end of the Company Cause of
Names Positions end of the during the restricted
reporting reporting held at the Change
reporting reporting shares held
period(share period end of the
period(share period(share (shares)
s) (shares) reporting
s) s)
period(share
s)
Wu
Chairman 0 0 0 0 0 0
Guangquan
Vice-Chairm
You Lei 0 0 0 0 0 0
an
Chen
Director 0 0 0 0 0 0
Hongliang
Xu Managing
0 0 0 0 0 0
Dongsheng Director
Wang
Director 0 0 0 0 0 0
Mingchuan
Huang
Director 0 0 0 0 0 0
Yongfeng
7
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Independent
Guo Wanda 0 0 0 0 0 0
director
Independent
Ji Qinzhi 0 0 0 0 0 0
director
Zhang Independent
0 0 0 0 0 0
Shunwen director
Chairman of
the
Sui Yong 0 0 0 0 0 0
Supervisory
Board
Zhang
Supervisor 0 0 0 0 0 0
Songhua
Tang Boxue Supervisor 0 0 0 0 0 0
Deputy GM
and
Chen Libin 0 0 0 0 0 0
Secretary of
the Board
Lu
Deputy GM 66,311 0 0 66,311 49,733 0
Bingqiang
Deputy GM
Li Dehua & Chief 0 0 0 0 0 0
Accountant
Li Bei Deputy GM 0 0 0 0 0 0
Fang Juan Deputy GM 0 0 0 0 0 0
Ⅴ. Report of the Board of Directors
(I) Information of Principal Business Based on Sectors and Products
In CNY
Principal Businesses Based on Sectors
Increase/decr
Increase/decr Increase/decr
ease of
ease of ease of gross
principal
revenue in the profit rate over
Operating Operating Gross profit business cost
Sectors same period the same
revenue costs rate (%) over the same
of the period of the
period of
previous year previous year
previous year
(%) (%)
(%)
1,173,543,91 874,237,801.
Commerce 25.5% 19.11% 19.5% -0.24%
6.34 34
265,901,475. 99,165,431.9
Industry 62.71% 30.46% 31.15% -0.19%
21 2
Property 34,705,360.1 10,394,436.1
70.05% 0.87% -1.16% 0.62%
operation 4 0
8
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Principal Businesses Based on Products
Increase/decr
Increase/decr Increase/decr
ease of
ease of ease of gross
principal
revenue in the profit rate over
Operating Operating Gross profit business cost
Products same period the same
revenue costs rate (%) over the same
of the period of the
period of
previous year previous year
previous year
(%) (%)
(%)
Sales of
foreign top 1,173,543,91 874,237,801.
25.5% 19.11% 19.5% -0.24%
brand 6.34 34
watches
Sales of
265,901,475. 99,165,431.9
FIYTA 62.71% 30.46% 31.15% -0.19%
21 2
watches
Property 34,705,360.1 10,394,436.1
70.05% 0.87% -1.16% 0.62%
operation 4 0
(II) Principal Businesses Based on Regions
单位：元
Increase/decrease of revenue in the
Regions Operating revenue
same period of the previous year (%)
Northeast China 139,682,464.71 20.2%
North China 292,156,396.04 27.83%
Northwest China 331,183,745.81 11.25%
Southwest China 110,244,661.48 33.91%
East China 182,965,167.64 22.87%
South China 417,918,316.01 19.48%
(III) Significant Change in the Principal Business or its Structure
√ Inapplicable
(IV) Significant Changes in the Earning Capacity (Gross Profit Rate) of the Principal
Business over the Previous Year
√ Inapplicable
(V) Reasons of Significant Change in the Profit Composition over the Previous Year
√ Inapplicable
(VI) Application of the Raised Capital
1. Comparison of Application of the Raised Capital
In CNY 10,000
9
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Total raised capital 48,277 Total
raised
capital
invest
Total raised capital whose application ed in 347
has been changed in the reporting 0 the
period reporti
ng
year
Total raised capital whose application Total
0
has been changed accumulatively raised
capital
accum
Proportion of the total raised capital 48,277
ulativel
whose application has been changed 0 y
accumulatively invest
ed
Amou
Invest Has
nt Date
Has ment signific
accum when Has
the progre ant
Total Amou ulativel the the
project Total ss by Result chang
promis nt y project predict
Promised been invest the realize e
ed invest invest has ed
investment projects chang ment end of d in taken
invest ed in ed up reache operati
and investment ed after the the place
ment the to the d the on
with the (includ adjust reporti reporti in the
with reporti end of predict result
over-raised capital ing ment ng ng feasibil
raised ng the ed been
partial (1) period period ity of
capital period reporti applic reache
chang (%) (3) the
ng able d?
e) = project
period status
(2)/(1) ?
(2)
Investment
projects as
promised
1. HARMONY
World Watch Chain
Network
No 41,000 41,000 1460 41,000 100% - - Yes No
Development and
Improvement
Project
2. Project of
launching new
No 5,000 5,000 0 5,000 100% - - Yes No
FIYTA watches to
the market
3. FIYTA Brand
Marketing and No 4,000 4,000 610 4,000 100% - - Yes No
Promotion Project
Sub-total of
investment projects - 50,000 50,000 2070 50,000 - - - - -
as promised
Investment with
over-raised capital
Repayment of bank
- - - - -
loan (if any)
Supplementing
working capital (if - - - - -
any)
Sub-total of
investment with - - - - -
over-raised capital
10
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Total - - - - -
Note to failure to
comply with the
planned progress
and predicted
earnings and the
cause(s) (based on
the specific
projects)
Explanation of the
significant change
in project feasibility
Amount of √ Inapplicable
over-raised capital,
application and
progress of use
Change of the √ Inapplicable
implementation site
of the projects
invested with the
raised capital
Adjustment of the √ Inapplicable
implementation
method of the
projects invested
with the raised
capital
About the initial
investment in the
projects planned to The Proposal on Replacement of the Self-raised Fund Invested in the Project Which should be
th
be invested with Invested with the Raised Capital as reviewed and approved at the 19 meeting of the Sixth
the raised capital Board of directors held on December 20, 2010 was approved to replace CNY 164,703,186.65 of
and the the self-raised fund in the project which should be invested with the raised capital amounting to
replacement CNY 164,703,186.65. The fund replacement was completed on January 4 and 5, 2011.
Using the idle √ Inapplicable
raised capital to
supplement the
working capital on
temporary basis
Balance of the √ Inapplicable
proceeds incurred
in process of
project
implementation
and the cause
About application
and status of the
raised capital
unused
Problems existing
in application of the
proceeds and the
information
disclosure or other
issues
2. Information of the Changed Projects Invested with the Raised Capital
√ Inapplicable
11
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
(VII) Business Plan Amendment Scheme of the Board of Directors in the Second Half
Year
√ Inapplicable
(VIII) Prediction of the Operation Performances from January to September 2012
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
√ Inapplicable
(IX) Explanation of the Board of Directions on the Qualified Auditor’s Report Issued
by the CPAs
√ Inapplicable
(X) Explanation of the Management on the Changes and Handling of the Issues
Involved in the Qualified Auditor’s Report Issued by the CPAs in the Previous Year
√ Inapplicable
VI. Significant Events
(I) Assets Acquisition and Sales and Assets Restructuring
1. Assets Acquisition
√ Inapplicable
12
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
2. Sales of Assets
Proportion of
Net profit of the Associatio
assets contributed Gain/los the net profit
Has the Has the n with the
Transactio to the Company s contributed
Related ownership of credit/debt trade
Other Party n price from the resulted Asset sales by sale of
Date of beginning of the Transac the assets s involved counterpart
of the Assets Sold ( CNY from the pricing the asset in
sale reporting period to tions involved been all (applicable
Transaction 10,000) sales (in principle the
the date of sale (in (Y/N) been transferre to related
CNY10,000) CNY Company’s
transferred? d transaction
10,000 ) total profit
)
(%)
The carrying
amount of the
net assets of
Northwestern
Shenzhen
45% equity in Polytechnical
Northwester Northwestern University
n Industrial Polytechnical Shenzhen
February 23, Inapplicabl
Technology University
2012 165 0 -21.36 No Research No No 0.33%
Shenzhen Institute as at e
Research
Research September 30,
Insitute Co.,
Institute 2011 was taken
Ltd. as the pricing
basis for the
equity
assignment
Note to the Sales of Assets:
Northwestern Polytechnical University Shenzhen Research Institute, as a legal person institution, was incorporated in June 2002 with the start-up capital for CNY 3 million. Its
shareholders were Northwestern Polytechnical University and Fiyta Holdings Limited and both parties held 55% and 45% of the equity respectively. Its business purposes and
scope were: to carry out high-level talent training, science and technology cooperation and development, conversion of the research results, set up hi-tech enterprises and serve
Shenzhen; non-diploma continuing for professionals at postgraduate level or higher of machine-building, electronics, computer, information, management, software, motive
power, transportation, environment, control, materials, chemicals, civil engineering, aviation and space navigation, etc.; scientific research, academic exchange, conversion of
research achievements of the relevant discipline. Northwestern Polytechnical University Shenzhen Research Institute has promoted development of hi-tech enterprises in
Shenzhen by means of its superiority in talents and technology, carries out continuing education for the Company and other hi-tech manufacturers in Shenzhen and high-level
talents training.
In consideration of the difference in management conception and way of operation between a school and an enterprise, especially a listed company, for the benefit of both
parties’ independent operation and development, after mutual consultation of both parties, the Company assigned its 45% in Shenzhen Northwestern Industrial Technology
Research Insitute Co., Ltd. with consideration of CNY 1.65 million (CNY One Million Six Hundred and Fifty Thousand only) with the carrying amount of the net assets of
Northwestern Polytechnical University Shenzhen Research Institute as at September 30, 2011 taken as the pricing basis for the equity assignment.
13
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
3. Progress and of the assets restructuring or acquisition/sales of assets and effect of the
activity upon the operation result and financial status of the reporting period report since
publication of the assets restructuring report or announcement on acquisition/sales of assets
√ Inapplicable
(II) Guarantees
in CNY 10,000
Outward guarantees (excluding guarantee to the subsidiaries)
Date of
the Date of Guara
Imple
announc occurrence Actual ntee to
Names of Guarant Type of Guarante mentat
ement (date of amount of related
Gurantees ee line guarantee e period ion
on the agreement guarantee party?
status
guarante execution) (Y/N)
e line
Total amount of outward
Total amount of outward
guarantee actually
guarantee approved in the 0 0
incurred in the reporting
reporting period (A1)
period (A2)
Total amount of outward Total ending balance of
guarantee already approved outward guarantee at the
0 0
at the end of the reporting end of the reporting
period (A3) period (A4)
Guarantees to the Subsidiaries
Date of
the Date of Guara
Implem
announc occurrence Actual ntee to
Names of Guarant Type of Guarante entatio
ement (date of amount of related
Gurantees ee line guarantee e period n
on the agreement guarantee party?
status
guarante execution) (Y/N)
e line
Shenzhen
Februar
Harmony World June 26,
y 28, 6,000 3,500 Guarantee 2 years No No
Watches Center 2012
2012
Co., Ltd.
Total amount of
Total amount of guarantee to
guarantee to subsidiaries
the subsidiaries approved in 100,000 3,500
actually incurred in the
the reporting period (B1)
reporting period (B2)
Total amount of guarantee to Total balance of
subsidiaries already guarantee to subsidiaries
100,000 12,083
approved at the end of the at the end of the reporting
reporting period (B3) period (B4)
Total amount of guarantees offered by the Company (i.e. total of the above two items)
Total amount of
Total amount of guarantee
guarantee actually
line approved in the reporting 100,000 3,500
incurred in the reporting
period (A1+B1)
period (A2+B2)
Total balance of actual
Total amount of guarantee
guarantee at the end of
line already approved in the 100,000 12,083
the reporting period
reporting period (A3 +B3)
(A4+B4)
Proportion of the actual guarantee in the Company’s net
8.65
assets (i.e. A4+B4)
14
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Including:
Amount of guarantees offered to the shareholders,
0
actual controller and its related parties (C)
Amount of guarantee for liabilities directly or indirectly
offered to the guarantees with the asset-liability ratio 0
exceeding 70%. (D)
Amount with the total guarantee exceeding 50% of the
0
net assets (E)
Total of the aforesaid three guarantees (C+D+E) 0
Note to the joint responsibility for discharge upon expiry
Inapplicable
of the guarantee term
Description of external guarantee against the specified
Inapplicable
procedures
(III) Non-operational Related Credits and Debts
Did there exist any non-operational related rights of credit and liabilities
√ No
(IV) Significant Lawsuits and Arbitrations
√ Inapplicable
(V) Other Significant Events and Analysis on their Impacts and the Solutions
√ Inapplicable
1. Investment in Securities
√ Inapplicable
2. Equity in other listed companies held by the Company
√ Inapplicable
3. Fund Occupancy and Progress of Debts Clearing in the Reporting Period
√ Inapplicable
Proposal of the Board of Directors for looking into responsibility in case the Company failed to finish the work of recovering
all the arrears in connection with the non-operating fund occupancy at the end of the reporting period
√ Inapplicable
4. Implementation of Commitments
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:
Commitments Acceptors Description Implementation
(1) CATIC Shenzhen Implementation of the
Commitment for Equity Separation Holdings Limited commitment: The
CATIC Shenzhen committed that upon commitment is in process
Reform
completion of FIYTA of implementation.
equity separation Commencing from the
15
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
reform, the date when the equity
non-negotiable shares separation reform was
held by CATIC fulfilled to the end of the
Shenzhen Corporation reporting period, CATIC
would not be listed with Shenzhen Holdings
the trading system of Limited has not reduced
Shenzhen Stock or assigned any
Exchange for sale restricted shares held
within 36 months byCATIC Shenzhen
commencing from the Holdings Limited.
date when such shares
got approval for listing;
2) Within 24 months
after the 3-year sales
restriction term expires,
in case CATIC
Shenzhen Holdings
Limited 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 made at the time of
- - -
asset exchange
Commitment of CATIC
Shenzhen: Within 36
months commencing
from the end of the
Company’s non-public Status of implementation
issuing (from December of the commitment: The
Commitment at the time of issuing CATIC Shenzhen
30, 2010 to December commitment is in process
29, 2013), CATIC of implementation.
Shenzhen shall not
assign any of the new
shares it has
subscribed.
Other commitments to the minority
shareholders
5. Profit Distribution or Converting Capital Public Reserve into Share Capital
√ Inapplicable
6. Items of Other Comprehensive Income
In CNY
Amount incurred in the Amount incurred in the
Items
reporting period previous period
1. Amount of gain/loss arising from available-for-sale financial
assets
Less: Influence upon income tax from available-for-sale
financial assets
Net gain/loss previously recorded in other comprehensive
gains transferred to the current gain/loss
16
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Sub-total
2. The share calculated according to the equity method and
enjoyed in the other comprehensive income of the investee
Less: Influence upon the income tax arising from the share
calculated according to the equity method and enjoyed in the
other comprehensive income of the investee
Net gain/loss previously recorded in other comprehensive
gains transferred to the current gain/loss
Sub-total
3. Amount of gain/loss arising from the cash flow hedge
instrument
Less: Influence upon income tax arising from the cash flow
hedge instrument
Net gain/loss previously recorded in other comprehensive
gains transferred to the current gain/loss
Amount of adjustment of the amount transferred into the hedge
item recognized initially
Sub-total
4. Converted difference in Foreign Currency Statements -1,490,601.91 2,071,076.23
Less: Net in disposal of overseas operation transferred to the
current gain/loss
Sub-total -1,490,601.91 2,071,076.23
5. Others
Less: Influence upon the income tax arising from others
recorded in the other comprehensive income
Net of the gain/loss recorded previously in the other
comprehensive gains transferred to the current gain and loss
Sub-total
Total -1,490,601.91 2,071,076.23
(VI) Registration form for such activities as survey & research reception,
communications, interview, etc. in the reporting period
Visitors Discussion topics and
Reception Time Reception place Way of reception Types of Visitors
received provision of materials
China
Southern
Fund Development trend of
Manageme the domestic luxury
nt Co., Ltd., goods sector, some
Guotai measures concerning
Junan the Company’s
Securities strategic
February 28,
Company On-Site Survey Organization Co., Ltd., development, brand
2012
Guosen construction, terminal
Securities management in the
Co., Ltd., past three years.
and China Provision of the
Internationa Company’s public
l Fund brochures in 2012.
Manageme
nt Co., Ltd.,
Industrial Development trend of
March 1, 2012 Company On-Site Survey Organization Securities the domestic luxury
Co., Ltd. goods sector, some
and measures concerning
17
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
FrankLin the Company’s
Templeton strategic
Sealand development, brand
Fund construction, terminal
Manageme management in the
nt Co., Ltd. past three years.
Provision of the
Company’s public
brochures in 2012.
Development trend of
the domestic luxury
Everbright goods sector, some
Securities measures concerning
Co., Ltd. the Company’s
strategic
March 15, 2012 Company On-Site Survey Organization and development, brand
Changan construction, terminal
Fund management in the
Manageme past three years.
nt Co., Ltd. Provision of the
Company’s public
brochures in 2012.
Development trend of
the domestic luxury
goods sector, some
measures concerning
the Company’s
Sinolink strategic
March 22, 2012 Company On-Site Survey Organization Securities development, brand
Co., Ltd. construction, terminal
management in the
past three years.
Provision of the
Company’s public
brochures in 2012.
Development trend of
the domestic luxury
Shanghai goods sector, some
Wisdom measures concerning
Investment the Company’s
Manageme strategic
April 18, 2012 Company On-Site Survey Organization nt Co., Ltd., development, brand
and construction, terminal
Dongxing management in the
Securities past three years.
Co., Ltd. Provision of the
Company’s public
brochures in 2012.
Development trend of
the domestic luxury
goods sector, some
E Fund measures concerning
Manageme the Company’s
nt Co., Ltd., strategic
June 20, 2012 Company On-Site Survey Organization development, brand
and Guosen construction, terminal
Securities management in the
Co., Ltd. past three years.
Provision of the
Company’s public
brochures in 2012.
18
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
VII. Financial Report
(I) Auditor’s Opinions
Has the semi-annual report been audited
√ No
(II) Financial Statements
Are consolidated statements necessary?
√ Yes
1. Consolidated Balance Sheet
Prepared by: FIYTA Holdings Ltd.
In CNY
Items Notes Ending balance Opening balance
Current assets:
Monetary fund 210,307,884.08 179,972,430.02
Settlement Reserve
Inter-bank lending
Trading financial assets 0.00 0.00
Notes receivable 0.00 0.00
Accounts receivable 358,231,728.75 268,900,768.37
Prepayments 42,160,697.24 77,139,710.01
Insurance premium
receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable 0.00 0.00
Dividends receivable 0.00 0.00
Other receivables 36,657,982.84 34,058,993.74
Buying and selling back
financial assets
Inventories 1,798,863,541.95 1,640,904,483.64
Non-current assets due
within a year
Other current assets 39,125,068.40 44,245,896.17
Total current assets 2,485,346,903.26 2,245,222,281.95
Non-Current Assets:
Disbursement of
entrusted loans and advances
Available-for-sale
0.00 0.00
financial assets
Held –to-maturity
0.00 0.00
investment
19
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Long-term accounts
0.00 0.00
receivable
Long-term equity
42,140,196.62 1,948,572.76
investment
Investment based real
267,663,668.77 272,490,648.63
estate
Fixed assets 288,962,008.25 295,407,284.31
Construction-in-process 2,583,805.57 249,000.00
Engineering supplies 0.00 0.00
Disposal of fixed assets 0.00 0.00
Productive biological
assets
Oil and gas asset 0.00 0.00
Intangible assets 36,750,350.05 37,065,827.49
Development expenses
Goodwill
Long-term expenses to
131,450,066.50 122,665,313.17
be apportioned
Deferred income tax
51,515,694.17 46,250,916.43
asset
Other non-current assets 0.00 40,300,250.00
Total non-current assets 821,065,789.93 816,377,812.79
Total assets 3,306,412,693.19 3,061,600,094.74
Current liabilities:
Short-term Loan 1,375,000,000.00 1,099,107,000.00
Borrowings from central
bank
Receipt of deposits and
deposits from other banks
Loans from other banks
Trading financial liabilities 0.00 0.00
Notes payable 125,000,000.00 0.00
Accounts payable 185,929,348.00 191,460,941.62
Advance receipts 9,999,570.06 3,740,327.89
Funds from selling out
and repurchasing financial
assets
Service charge and
commission payable
Salaries payable to the
14,301,994.29 27,414,469.57
employees
Taxes payable 46,901,706.74 50,298,472.82
Interest payable 2,712,814.61 14,038,573.07
Dividends payable 0.00 0.00
Other payables 33,222,161.59 33,000,834.53
Reinsurance payable
Insurance contract
reserve
Funds from securities
trading agency
Funds from underwriting
20
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
securities agency
Non-current liabilities due
49,900,000.00 149,600,000.00
within a year
Other current liabilities 5,881,030.87 4,814,572.85
Total current liabilities 1,848,848,626.16 1,573,475,192.35
Non-Current Liabilities:
Long term borrowings 57,236,712.79 57,030,567.09
Bonds payable
Long term accounts
payable
Special accounts payable 0.00 0.00
Predicted liabilities 0.00 0.00
Deferred income tax
128,393.19 128,393.19
liability
Other non-current
3,286,000.00 2,350,000.00
liabilities
Total non-current liabilities 60,651,105.98 59,508,960.28
Total liabilities 1,909,499,732.14 1,632,984,152.63
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00
stock)
Capital reserve 525,506,952.78 581,606,952.78
Less: shares in stock
Special reserve
Surplus reserve 131,323,437.78 131,323,437.78
Generic risk reserve
Retained earnings 353,534,591.20 327,521,960.58
Foreign Currency Capital -8,846,130.40 -7,355,528.69
Total owner’s equity
attributable to the parent 1,394,286,721.36 1,425,864,692.45
company
Minority equity 2,626,239.69 2,751,249.66
Owners’ equity (or
1,396,912,961.05 1,428,615,942.11
shareholders’ equity)
Total liabilities and owners’
3,306,412,693.19 3,061,600,094.74
equity (or shareholders’ equity)
Legal Representative: Wu Guangquan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu
Xinglong
2. Balance Sheet, Parent Company
In CNY
Items Notes Ending balance Opening balance
Current assets:
Monetary fund 71,657,500.90 49,327,161.12
Trading financial assets
Notes receivable
Accounts receivable 190,777,030.60 157,324,732.29
Prepayments
21
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Interest receivable
Dividends receivable 75,960,140.05 34,607,884.20
Other receivables 1,216,681,934.78 879,552,488.89
Inventories 27,970,155.67 60,263,407.14
Non-current assets due
within a year
Other current assets
Total current assets 1,583,046,762.00 1,181,075,673.64
Non-Current Assets:
Available-for-sale
financial assets
Held –to-maturity
investment
Long-term accounts
receivable
Long-term equity
774,339,916.62 734,148,292.76
investment
Investment based real
267,663,668.77 272,490,648.63
estate
Fixed assets 99,571,742.32 103,792,286.84
Construction-in-process 2,583,805.57 249,000.00
Engineering supplies
Disposal of fixed assets
Productive biological
assets
Oil and gas asset
Intangible assets 30,385,508.51 30,695,325.97
Development expenses
Goodwill
Long-term expenses to
14,792,833.28 22,046,301.93
be apportioned
Deferred income tax
3,642,026.85 3,642,026.85
asset
Other non-current assets 0.00 40,300,250.00
Total non-current assets 1,192,979,501.92 1,207,364,132.98
Total assets 2,776,026,263.92 2,388,439,806.62
Current liabilities:
Short-term Loan 1,310,000,000.00 912,000,000.00
Trading financial liabilities
Notes payable 62,500,000.00 0.00
Accounts payable 4,143,231.42 9,109,177.41
Advance receipts 1,684,798.45 1,466,500.43
Salaries payable to the
0.00 4,839,475.00
employees
Taxes payable 10,750,345.10 17,593,036.57
Interest payable 1,907,509.99 1,907,509.99
Dividends payable 0.00 0.00
Other payables 54,848,855.73 43,019,929.22
Non-current liabilities due
49,900,000.00 149,600,000.00
within a year
22
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Other current liabilities 0.00 0.00
Total current liabilities 1,495,734,740.69 1,139,535,628.62
Non-Current Liabilities:
Long term borrowings
Bonds payable
Long term accounts
payable
Special accounts payable
Predicted liabilities
Deferred income tax
128,393.19 128,393.19
liability
Other non-current
3,286,000.00 2,350,000.00
liabilities
Total non-current liabilities 3,414,393.19 2,478,393.19
Total liabilities 1,499,149,133.88 1,142,014,021.81
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00
stock)
Capital reserve 531,162,493.88 531,162,493.88
Less: shares in stock
Special reserve
Surplus reserve 131,323,437.78 131,323,437.78
Retained earnings 221,623,328.38 191,171,983.15
Foreign Currency Capital
Owners’ equity (or
1,276,877,130.04 1,246,425,784.81
shareholders’ equity)
Total liabilities and owners’
2,776,026,263.92 2,388,439,806.62
equity (or shareholders’ equity)
3. Consolidated Profit Statement
In CNY
Items Notes Amount in the reporting period Amount in the previous period
I. Gross Revenue 1,483,755,811.36 1,232,010,736.41
Including: revenue 1,483,755,811.36 1,232,010,736.41
Interest income
Earned premium
Service charge
and commission income
II. Total operating cost 1,403,350,279.05 1,136,177,291.76
Including: operating costs 987,034,886.89 820,486,746.77
Interest payment
Service charge
and commission payment
Refunded
premiums
Compensation
pay-out, net
Net amount of
reserves for reinsurance
23
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
contract
Policy dividend
payment
Reinsurance
expenses
Business taxes
8,333,683.51 5,684,565.06
and surcharge
Sales costs 260,546,992.95 186,543,960.33
Administrative
87,835,143.36 86,969,634.99
expenses
Financial
59,603,871.04 34,235,933.76
expenses
Loss from
-4,298.70 2,256,450.85
impairment of assets
Plus: Income from
change of fair value (loss is 0.00 0.00
stated with “-“)
Investment
191,373.86 -48,985.48
income (loss is stated with “-“)
Including: income
from investment in associates 191,373.86 -48,985.48
and joint ventures
Exchange income
(loss expressed with “-“)
III. Operating Profit (loss is
80,596,906.17 95,784,459.17
stated with “-“)
Plus: Non-operating
1,841,642.65 1,374,365.97
income
Less: Non-operating
105,428.22 6,353.38
expenses
Including: Loss
from disposal of non-current 11,895.85 487.00
assets
IV. Total profit (total loss is
82,333,120.60 97,152,471.76
stated with “-“)
Less: Income tax
17,173,824.32 17,802,177.43
expense
V. Net Profit (net loss is stated
65,159,296.28 79,350,294.33
with “-“)
Including: Net profit
realized by the consolidatee
-2,130,265.54 -6,816,548.19
realized before the
consolidation
Net profit attributable to
65,289,417.62 79,173,594.56
the parent company’s owner
Minority shareholders’
-130,121.34 176,699.77
gain/loss
VI. Earnings per share: -- --
(I) Basic earnings per
0.166 0.202
share
(II) Diluted earnings per
0.166 0.202
share
VII. Other comprehensive
-1,485,490.34 2,071,076.23
income
VIII. Total comprehensive 63,673,805.94 81,421,370.56
24
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
income
Total comprehensive
income attributable to the 63,798,815.91 81,283,624.43
owner of the parent company
Total comprehensive
income attributable to minority -125,009.97 137,746.13
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.
Legal Representative: Wu Guangquan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu
Xinglong
4. Profit Statement, Parent Company
In CNY
Items Notes Amount in the reporting period Amount in the previous period
I. Revenue 82,860,262.56 229,421,696.61
Less: Business costs 46,268,068.51 108,169,866.25
Business taxes and
4,005,146.32 2,491,222.67
surcharge
Sales costs 7,329,606.71 75,701,460.95
Administrative
20,299,535.62 32,034,218.96
expenses
Financial expenses 12,666,803.25 9,193,668.62
Loss from
-4,298.70 0.00
impairment of assets
Plus: Income from
change of fair value (loss is 0.00 0.00
stated with “-“)
Investment income
76,151,513.91 34,138,145.45
(loss is stated with “-“)
Including: income
from investment in associates 191,373.86 -48,985.48
and joint ventures
II. Operating Profit (loss is
68,446,914.76 35,969,404.61
stated with “-“)
Plus: Non-operating
1,373,691.87 350,853.72
income
Less: Non-operating
92,474.40 487.00
expenses
Including: Loss from
872.93 487.00
disposal of non-current assets
III. Total profit (total loss is
69,728,132.23 36,319,771.33
stated with “-“)
Less: Income tax
0.00 516,812.76
expense
IV. Net Profit (net loss is stated
69,728,132.23 35,802,958.57
with “-“)
V. Earnings per share -- --
(I) Basic earnings per
share
(II) Diluted earnings per
share
25
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
VI. Other comprehensive
0.00 0.00
income
VII. Total comprehensive
69,728,132.23 35,802,958.57
income
5. Consolidated Cash Flow Statement
In CNY
Items Amount in the reporting period Amount in the previous period
I. Net cash flows arising from
operating activities:
Cash received from sales of
1,568,077,993.80 1,359,710,881.45
goods and supply of 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 0.00 217,481.16
Other operation activity
12,564,978.28 4,608,116.36
related cash receipts
Subtotal of cash flow in from
1,580,642,972.08 1,364,536,478.97
operating activity
Cash paid for purchase of
goods and reception of labor 1,262,119,139.90 1,147,963,105.94
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
policy dividend
Cash paid to and for staff 180,306,617.10 127,842,281.46
Taxes paid 87,831,415.58 75,325,571.35
Other business related cash
143,733,003.12 120,054,090.19
payments
26
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Subtotal of cash flow out from
1,673,990,175.70 1,471,185,048.94
operating activity
Net cash flow arising from
-93,347,203.62 -106,648,569.97
operating activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
investment income
Net amount of cash received
from disposal of fixed assets,
53,358.08 86,686.60
intangible assets and other long
term assets
Net cash received from
disposal of subsidiaries and other 0.00 0.00
operating units
Other investment related
0.00 0.00
cash receipts
Subtotal of cash flow in from
53,358.08 86,686.60
investment activity
Cash paid for
construction/purchase of fixed
47,475,391.95 192,928,519.40
assets, intangible assets and other
long term assets
Cash paid for investment 28,050,000.00 19,107,200.00
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and other 0.00 0.00
operating units
Other investment related
0.00 0.00
cash payments
Subtotal of cash flow out from
75,525,391.95 212,035,719.40
investment activity
Net cash flow arising from
-75,472,033.87 -211,949,032.80
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from
absorption of investment
Incl.: Cash received from
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from
917,000,000.00 629,311,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
125,000,000.00 0.00
cash receipts
Subtotal of cash flow in from fund
1,042,000,000.00 629,311,000.00
raising activity
Cash paid for liabilities
740,902,058.84 616,135,405.74
repayment
Cash paid for dividend/profit 100,936,223.78 51,452,122.18
distribution or repayment of
27
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
interest
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising related
1,031,250.90 231,600.00
cash payments
Subtotal of cash flow out from fund
842,869,533.52 667,819,127.92
raising activity
Net cash flow arising from
199,130,466.48 -38,508,127.92
fund-raising activities
IV. Influence from change of
exchange rate upon cash and 24,225.07 -50,095.91
cash equivalents
V. Net increase of cash and cash
30,335,454.06 -357,155,826.60
equivalents
Plus: Opening balance of
179,972,430.02 664,455,817.52
cash and cash equivalents
VI. Ending balance of cash and
210,307,884.08 307,299,990.92
cash equivalents
6. Cash Flow Statement, Parent Company
In CNY
Items Amount in the reporting period Amount in the previous period
I. Net cash flows arising from
operating activities:
Cash received from sales of
53,110,671.45 232,850,800.27
goods and supply of labor
Rebated taxes received
Other operation activity
70,163,474.04 86,972,592.72
related cash receipts
Subtotal of cash flow in from
123,274,145.49 319,823,392.99
operating activity
Cash paid for purchase of
goods and reception of labor 9,645,155.22 118,780,238.76
services
Cash paid to and for staff 21,344,665.48 48,764,907.85
Taxes paid 22,736,599.85 9,941,251.63
Other business related cash
290,935,269.71 55,029,872.30
payments
Subtotal of cash flow out from
344,661,690.26 232,516,270.54
operating activity
Net cash flow arising from
-221,387,544.77 87,307,122.45
operating activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
34,907,884.20
investment income
Net amount of cash received
from disposal of fixed assets,
33,000.00 86,686.60
intangible assets and other long
term assets
28
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related
cash receipts
Subtotal of cash flow in from
34,940,884.20 86,686.60
investment activity
Cash paid for
construction/purchase of fixed
7,408,400.71 11,525,931.38
assets, intangible assets and other
long term assets
Cash paid for investment 352,807,200.00
Net cash received from
payment by subsidiaries and other
operating units
Other investment related
cash payments
Subtotal of cash flow out from
7,408,400.71 364,333,131.38
investment activity
Net cash flow arising from
27,532,483.49 -364,246,444.78
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from
absorption of investment
Cash received from
882,000,000.00 392,000,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
cash receipts
Subtotal of cash flow in from fund
882,000,000.00 392,000,000.00
raising activity
Cash paid for liabilities
583,700,000.00 448,000,000.00
repayment
Cash paid for dividend/profit
distribution or repayment of 81,083,348.04 47,490,785.45
interest
Other fund-raising related
1,031,250.90 231,600.00
cash payments
Subtotal of cash flow out from fund
665,814,598.94 495,722,385.45
raising activity
Net cash flow arising from
216,185,401.06 -103,722,385.45
fund-raising activities
IV. Influence from change of
exchange rate upon cash and
cash equivalents
V. Net increase of cash and cash
22,330,339.78 -380,661,707.78
equivalents
Plus: Opening balance of
49,327,161.12 529,568,738.47
cash and cash equivalents
VI. Ending balance of cash and
71,657,500.90 148,907,030.69
cash equivalents
29
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
7. Consolidated Statement of Changes in Owner’s Equity
Amount in the reporting period
In CNY
Amount in the reporting period
Owner’s equity attributable to the parent company
Paid
up
Gene Minorit Total
Items capit Capit Less: Speci Surpl Retai
ric y owners’
al (or al share al us ned Other
risk equity equity
capit reser s in reser reser earni s
reser
al ve stock ve ve ngs
ve
stock
)
I. Ending balance of the
previous year
Plus: Change in
accounting policy
Correction of
previous errors
Others
392,7 581,6 131,3 327,5 -7,35 1,428,6
II. Opening balance of the 2,751,2
67,87 06,95 23,43 21,96 5,528 15,942.
report year 49.66
0.00 2.78 7.78 0.58 .69 11
III. Decrease/increase of -56,1 26,01 -1,49
-125,0 -31,702,
the report year (decrease 00,00 2,630 0,601
09.97 981.06
is stated with “-“) 0.00 .62 .71
65,28
-130,1 65,159,
(I) Net profit 9,417
21.34 296.28
.62
-1,49
(II) Other comprehensive 5,111.3 -1,485,4
0,601
income 7 90.34
.71
65,28 -1,49
Subtotal of the above (I) -125,0 63,673,
9,417 0,601
and (II) 09.97 805.94
.62 .71
-56,1
(III) Owners’ input and -56,100,
0.00 00,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
decrease of capital 000.00
0.00
1. Capital invested by the
owners
2. Amount of payment for
shares charged to owners’
equity
-56,1
-56,100,
3. Others 00,00
000.00
0.00
-39,2
-39,276,
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 76,78 0.00 0.00
787.00
7.00
1. Provision of surplus
reserve
2. Provision of general risk
reserve
-39,2
3. Distribution to the -39,276,
76,78
owners (or shareholders) 787.00
7.00
30
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
4. Others
(V) Internal carry-forward
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
of owners’ equity
1. Conversion of capital
reserve into capital (or
capital stock)
2. Conversion of surplus
reserve into capital (or
capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the
reporting period
2. Applied in the reporting
period
(VII) Others
392,7 525,5 131,3 353,5 -8,84 1,396,9
IV. Ending balance of the 2,626,2
67,87 06,95 23,43 34,59 6,130 12,961.
reporting period 39.69
0.00 2.78 7.78 1.20 .40 05
Amount of Previous Year
In CNY
Amount of Previous Year
Owner’s equity attributable to the parent company
Paid
up
Gene Minorit Total
Items capit Capit Less: Speci Surpl Retai
ric y owners’
al (or al share al us ned Other
risk equity equity
capit reser s in reser reser earni s
reser
al ve stock ve ve ngs
ve
stock
)
I. Ending balance of the
previous year
Plus: Retroactive
adjustment arising from
consolidation of the
enterprises under common
control
Plus: Change in
accounting policy
Correction of
previous errors
Others
280,5 643,3 121,0 222,5 -1,51 1,287,5
II. Opening balance of the 21,569,
48,47 81,88 66,99 14,56 5,341 65,949.
report year 365.56
9.00 4.88 2.16 9.59 .96 23
III. Decrease/increase of 112,2 -61,7 10,25 105,0 -5,84 -18,81
141,049
the report year (decrease 19,39 74,93 6,445 07,39 0,186 8,115.9
,992.88
is stated with “-“) 1.00 2.10 .62 0.99 .73 0
143,3
-198,5 143,120
(I) Net profit 18,68
00.02 ,184.49
4.51
(II) Other comprehensive -5,84 -67,95 -5,908,1
income 0,186 6.98 43.71
31
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
.73
143,3 -5,84
Subtotal of the above (I) -266,4 137,212
18,68 0,186
and (II) 57.00 ,040.78
4.51 .73
50,44 -18,55
(III) Owners’ input and 31,892,
0.00 4,458 0.00 0.00 0.00 0.00 0.00 0.00 1,658.9
decrease of capital 800.00
.90 0
1. Capital invested by the
owners
2. Amount of payment for
shares charged to owners’
equity
50,44 -18,55
31,892,
3. Others 4,458 1,658.9
800.00
.90 0
10,25 -38,3
-28,054,
(IV) Profit distribution 0.00 0.00 0.00 0.00 6,445 0.00 11,29 0.00 0.00
847.90
.62 3.52
10,25 -10,2
1. Provision of surplus
6,445 56,44
reserve
.62 5.62
2. Provision of general risk
reserve
-28,0
3. Distribution to the -28,054,
54,84
owners (or shareholders) 847.90
7.90
4. Others
112,2 -112,
(V) Internal carry-forward
19,39 219,3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
of owners’ equity
1.00 91.00
1. Conversion of capital 112,2 -112,
reserve into capital (or 19,39 219,3
capital stock) 1.00 91.00
2. Conversion of surplus
reserve into capital (or
capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the
reporting period
2. Applied in the reporting
period
(VII) Others
392,7 581,6 131,3 327,5 -7,35 1,428,6
IV. Ending balance of the 2,751,2
67,87 06,95 23,43 21,96 5,528 15,942.
reporting period 49.66
0.00 2.78 7.78 0.58 .69 11
3. Statement of Change in Owner’s Equity, Parent Company
Amount in the reporting period
In CNY
Items Amount in the reporting period
32
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
Paid up
Retaine
capital Less: Generic Total
Capital Special Surplus d
(or shares risk owners’
reserve reserve reserve earning
capital in stock reserve equity
s
stock)
I. Ending balance of the
previous year
Plus: Change in
accounting policy
Correction of
previous errors
Others
1,246,4
II. Opening balance of the 280,548 643,381 131,323 191,171
25,784.
report year ,479.00 ,884.88 ,437.78 ,983.15
81
III. Decrease/increase of the -112,21
112,219 30,451, 30,451,
report year (decrease is 9,391.0
,391.00 345.23 345.23
stated with “-“) 0
69,728, 69,728,
(I) Net profit
132.23 132.23
(II) Other comprehensive
income
Subtotal of the above (I) and 69,728, 69,728,
(II) 132.23 132.23
(III) Owners’ input and
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
decrease of capital
1. Capital invested by the
owners
2. Amount of payment for
shares charged to owners’
equity
3. Others
-39,276, -39,276,
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00
787.00 787.00
1. Provision of surplus
reserve
2. Provision of general risk
reserve
3. Distribution to the -39,276, -39,276,
owners (or shareholders) 787.00 787.00
4. Others
-112,21
(V) Internal carry-forward of 112,219
9,391.0 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity ,391.00
0
1. Conversion of capital -112,21
112,219
reserve into capital (or 9,391.0
,391.00
capital stock) 0
2. Conversion of surplus
reserve into capital (or
capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the reporting
period
33
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
2. Applied in the reporting
period
(VII) Others
1,276,8
IV. Ending balance of the 392,767 531,162 131,323 221,623
77,130.
reporting period ,870.00 ,493.88 ,437.78 ,328.38
04
Amount of Previous Year
In CNY
Amount of Previous Year
Paid up
Retaine
Items capital Less: Generic Total
Capital Special Surplus d
(or shares risk owners’
reserve reserve reserve earning
capital in stock reserve equity
s
stock)
I. Ending balance of the
previous year
Plus: Change in
accounting policy
Correction of
previous errors
Others
1,171,9
II. Opening balance of the 280,548 643,381 121,066 126,918
16,176.
report year ,479.00 ,884.88 ,992.16 ,820.47
51
III. Decrease/increase of the -112,21
112,219 7,748,1 7,748,1
report year (decrease is 9,391.0
,391.00 10.67 10.67
stated with “-“) 0
35,802, 35,802,
(I) Net profit
958.57 958.57
(II) Other comprehensive
income
Subtotal of the above (I) and 35,802, 35,802,
(II) 958.57 958.57
(III) Owners’ input and
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
decrease of capital
1. Capital invested by the
owners
2. Amount of payment for
shares charged to owners’
equity
3. Others
-28,054, -28,054,
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00
847.90 847.90
1. Provision of surplus
reserve
2. Provision of general risk
reserve
3. Distribution to the -28,054, -28,054,
owners (or shareholders) 847.90 847.90
4. Others
-112,21
(V) Internal carry-forward of 112,219
9,391.0 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity ,391.00
0
1. Conversion of capital 112,219 -112,21
reserve into capital (or ,391.00 9,391.0
34
FIYTA Holdings Ltd. 2012 Semi-Annual Report, Summary
capital stock) 0
2. Conversion of surplus
reserve into capital (or
capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the reporting
period
2. Applied in the reporting
period
(VII) Others
1,179,6
IV. Ending balance of the 392,767 531,162 121,066 134,666
64,287.
reporting period ,870.00 ,493.88 ,992.16 ,931.14
18
(III) Notes to the Financial Statements
1. Change in Principal Accounting Policy and Accounting Estimate and Correction of Significant
Accounting Errors and their Influence in the Reporting Period
(1) Change in accounting policy
Is there any change in the principal accounting policies in the reporting period? .
√ No
(2) Change in the Accounting Estimate
Is there any change in the principal accounting estate in the reporting period?
√ No
(3). Correction of Accounting Errors
Are there any accounting errors found in the reporting period?
√ No
2. Reason of change incurred in consolidation scope of the consolidated financial statements
In the reporting period, as an enterprise under the common control in the Group merged Hengdarui, the consolidation
scope in the reporting period correspondingly increased.
3. If the CPAs has produced a qualified auditor’s report, state the notes to the issues involved in
the auditor’s report.
35