FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
Stock Code: 200026 Short form of the Stock: FIYTA B Announcement No: 2012－032
FIYTA Holdings Ltd.
2012 3rd Quarterly Report
I. Important Notice
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.
All the directors attended the board meeting for reviewing this quarterly report.
Mr. Lai Weixuan, the Company leader, Mr. Li Dehua, the Accounting Principal 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.
II. Company Profile
(I) Financial and Business Highlights
Has backward adjustment been made in the financial statements in the previous period?
√ Yes □ No □ Inapplicable
Increase/decrease
of the reporting
Dec. 31, 2011 period vs the same
Sep. 30, 2012 period of the
previous year(%)
Before adjustment After adjustment After adjustment
Total assets in CNY 3,387,313,731.22 2,895,775,774.19 3,061,600,094.74 10.64%
Owner’s equity
attributable to the
1,423,681,184.36 1,391,003,807.94 1,425,864,692.45 -0.15%
Company’s shareholders,
in CNY
Share capital, in shares 392,767,870.00 392,767,870 392,767,870.00 0%
Net profit attributable to
the Company’s 3.6247 3.5415 3.6303 -0.15%
shareholders, in CNY
Year-on-year Year-on-year
Jul. – Sep., 2012 increase/decrease Jul. – Sep., 2012 increase/decrease
(%) (%)
Total revenues, in CNY 779,096,852.28 21.38% 2,262,852,663.64 20.76%
Net profit attributable to 29,406,087.04 -37.16% 94,695,504.66 -24.82%
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
the Company’s
shareholders, in CNY
Net cash flows arising
from operating activities, -- -- -53,523,976.61 -79.74%
in CNY
Net cash flows arising
from operating activities -- -- -0.14 -79.74%
per share, in CNY
Basic earning per share
0.0749 -37.16% 0.2411 -24.82%
(CNY/share)
Diluted earning per share
0.0749 -37.16% 0.2411 -24.82%
(CNY/share)
Net assets-income ratio ,
1.94% -1.36% 6.57% -2.72%
weighted average, (%)
Net assets-income ratio
less the non-recurring
1.93% -1.51% 6.61% -3.43%
gains and loss, weighted
(%)
Deducting non-recurring gains/losses and the amount involved
√ Applicable □Inapplicable
Amount from year
beginning to the
Items Notes
end of the reporting
period in CNY
Gain/loss from disposal of non-current assets 12,649.08
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 650,446.00
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
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
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
Gain/loss from external entrustd 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
1,280,695.39
aforesaid items
Other gains/losses in compliance with the definition
of non-recurring gain/loss
Amount influencing the minority shareholders’ equity
Amount influencing the income tax -481,249.88
Total -667,724.95 --
Note to the “gains and losses in compliance with the definition of non-recurring gains and losses” as well
as the Company in defining the “ non-recurring gains and losses based on the nature and characteristics
of its own main business as the recurring gainses and losses.
Amount involved, in
Items Note
CNY
--
(II) Total Shareholders and the Statement of the Shares Held by Top Ten Shareholders
Total shareholders at the
23,550
end of teh reporting period
Floating Shares without Trading Limited Conditions Held by the Top Ten Shareholders
Number of floating shares Categories and Quantity of Shares
without trading limited
Names of Shareholders
conditions held at the end
of the reporting period Categories Quantity
China Construction Bank –
Huaxia Superiority Growth
14,920,073 A-shares 14,920,073
Stock Based Securities
Investment Fund
Industrial and Commercial
Bank of China – E-Fund
10,000,000 A-shares 10,000,000
Value Growth Mixed
Securities Investment Fund
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
China Merchants
7,695,170 B-shares 7,695,170
Securities (HK) Co., Ltd.
National Social Security
4,480,548 A-shares 4,480,548
Fund No. 114 Portfolio
Industrial and Commercial
Bank of China – Guotou
Ruiyin Growth Selected 4,432,590 A-shares 4,432,590
Stock Based Securities
Investment Fund
GSI S/A GOLDEN CHINA
4,416,654 B-shares 4,416,654
PLUS MASTER FUND
Bank of China – Yinhua
High Quality Growth Stock
4,300,000 A-shares 4,300,000
Type Securities Investment
Fund
China Construction Bank –
YINHUA Thematic Wealth 4,299,994 A-shares 4,299,994
Equity Fund
Construction Bank of China
– YINHUA Core Value
4,237,656 A-shares 4,237,656
Selected Stock Based
Securities Investment Fund
KGI ASIA LIMITED 4,091,765 B-shares 4,091,765
The Company has not found any connectivity relations among the aforesaid
Note to the shareholder’s
shareholders or any persons acting in concert as specified in the Measures for
conditions
Administration of Information on the Shareholder Equity Change of Listed Companies.
III. Important Events
(I) Reasons and explanation for significant movement of main accounting data and financial
index
√ Applicable □ Inapplicable
1. Increase of accounts receivable by CNY 119.77 million over the year beginning was mainly due growth of sales.
2. Increase of the inventories by CNY 209.81 million over the year beginning mainly includes: increase of the inventories
by CNY 186.20 million as a result that HARMONY increased purchase of leading brands for its newly opened shops; and
increase of merchandise inventory of FIYTA watches by CNY 28.91 million.
3. Increase of bank loans by CNY 281.16 million over the year beginning was mainly due to that the head office increased
short term borrowings from bank by CNY 108 million; HARMONY increased bank loan by CNY 341 million (including the
borrowings at the beginning of the repayment period amounting to CNY 119 million and the new bank loan in the reporting
period amounting to CNY 460 million), the Manufacture Co. repaid the short term borrowings amounting to CNY 30 million,
Technology Development Co. repaid short term borrowings amounting to CNY 30 million and FIYTA Hong Kong reduced
the short term borrowings by CNY8.11 million.
4. The sales expenses incurred in the reporting period amounted to CNY 148.32 million, increased by CNY47.33 million
over the same period of the previous year. The increase was mainly due to increase of the sales income which caused
increase of sales expenses correspondingly.
5. The financial expenses incurred in the reporting period amounted to CNY 31.23, increased by CNY 13.57 million over
the same period of the previous year. The increase was mainly due to that the Company invested in assets acquisition
and construction of the network and channels; borrowings from banks increased greatly over the same period of teh
previous year and interest expenses grew greatly correspondingly.
(II) Progress of Important Events and their Influences; Analysis and Notice on the Solutions
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
1. Non-standard Opinions
□ Applicable √ Inapplicable
2. Capital Provided by the Company to its Holding Shareholder or Related Parties and External
Guarantee against the regulatory procedures
□ Applicable √ Inapplicable
3. Subscription and Implementation of the Important Routine Operation Contracts
□ Applicable √ Inapplicable
4. Others
□ Applicable √ Inapplicable
(III) Commitments of the Company or the Shareholder Holding over 5% of the Company’s Shares
or the Commitments Extended to the Reporting Period
√ Applicable □ Inapplicable
Commitment Commitment Implementati
Commitments Acceptors Description
time term on
(1) CATIC
Shenzhen
Holdings Limited Implementati
committed that on of the
upon completion commitment:
of FIYTA equity The
separation commitment
reform, the is in process
non-negotiable of
shares held by implementati
CATIC Shenzhen on.
Corporation Commencin
would not be g from the
listed with the date when
trading system of the equity
Shenzhen Stock separation
Exchange for November reform was
Commitment for Equity CATIC sale within 36 November 09, 2007 - fulfilled to the
Separation Reform Shenzhen months 09, 2007 November end of the
commencing 09, 2012 report
from the date period,
when such CATIC
shares got Shenzhen
approval for Holdings
listing; (2) Within Limited has
24 months after not reduced
the 3-year sales or assigned
restriction term any
expires, in case restricted
CATIC Shenzhen shares held
Holdings Limited by CATIC
would sell the Shenzhen
non-negotiable Holdings
FIYTA shares it Limited.
was holding
through listing
with Shenzhen
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
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 made at the time
of asset exchange
Commitment of
CATIC
Shenzhen:
Within 36 months
commencing
from the end of
the Company’s The
non-public December commitment
Commitment at the time of CATIC issuing (from December 30 2010 to is in process
issuing Shenzhen December 30, 30, 2010 December of
2010 to 29, 2013 implementati
December 29, on.
2013), Shenzhen
CATIC Group
shall not assign
any of the new
shares it has
subscribed.
Other commitments to the
minority shareholders
Has the commitment been
√ Yes □ No □ Inapplicable
timely implemented?
The specific cause of failure in
implementation and the next
plan
Is there any commitment for
the issue which may lead to
□ Yes □ No √ Inapplicable
horizontal competition and
related transaction?
Term of solution as committed
Way of solution
Performance of commitment
(IV) Prediction of the Operation Performances in 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
□ Applicable √ Inapplicable
(V) Other Important Events Necessary to be Specified
1. Investment in Securities
□ Applicable √ Inapplicable
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Summary
2. Investment in Derivatives
□ Applicable √ Inapplicable
3. Position of the Investment in Derivatives at the End of the Reporting Period
□ Applicable √ Inapplicable
4. Statement of such activities as reception, research, communication, interview in the reporting
period
Discussion
topics and
Reception Time Reception place Way of reception Types of Visitors Visitors received
provision of
materials
Development
trend of the
domestic luxury
goods sector,
some measures
concerning the
Guangdong
Company’s
Rongheng
strategic
Capital
development,
Management
August 27, 2012 Company On-Site Survey Organization brand
Co., Ltd. and
construction,
Essence
terminal
Securities Co.,
management in
Ltd.
the past three
years. Provision
of the
Company’s
public brochures
in 2012.
5. Issuing of Corporate Bonds
Have any corporate bonds been issued?
√ Yes □ No
For the purpose of replenishing the Company’s working capital, speeding up development of the Company’s principal
business, further improving the Company’s liabilities structure, the Company held the 33rd meeting of the Sixth Board of
Directors on June, 19 2012. The meeting reviewed the Proposal for Issuing Corporate Bonds which was approved at 2012
1st Extraordinary Shareholders’ Meeting. The size of the corporate bonds to be issued would not exceed CNY 400 million
with the bond term not exceeding 5 years. The Company received the Official Reply of China Securities Regulatory
Commission to the Public Issuing of Corporate Bonds by FIYTA Holdings Ltd. (ZHENG JIAN XU KE [2012] No. 1209 on
September 13, 2012. The Company is waiting best time for organizing to issue the corporate bonds with consideration of
the market conditions.
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