FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
FIYTA Holdings Ltd.
2012 3rd Quarterly Report, Full Text
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 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
the Company’s 29,406,087.04 -37.16% 94,695,504.66 -24.82%
shareholders, in CNY
Net cash flows arising -- -- -53,523,976.61 -79.74%
from operating activities,
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
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
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
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
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 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
1,280,695.39
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 gains 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 the 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
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
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
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
1. Non-standard Opinions
□ Applicable √ Inapplicable
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
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
Commitments Acceptors Description Implementation
time term
(1) CATIC Shenzhen
Holdings Limited
committed that upon
Implementation
completion of FIYTA
of the
equity separation reform,
commitment:
the non-negotiable shares
The commitment
held by CATIC Shenzhen
is in process of
Corporation would not be
implementation.
listed with the trading
Commencing
system of Shenzhen Stock
from the date
Exchange for sale within
when the equity
36 months commencing
November separation
Commitment for from the date when such
CATIC November 09, 2007 - reform was
Equity Separation shares got approval for
Shenzhen 09, 2007 November fulfilled to the
Reform listing; (2) Within 24
09, 2012 end of the report
months after the 3-year
period, CATIC
sales restriction term
Shenzhen
expires, in case CATIC
Holdings Limited
Shenzhen Holdings
has not reduced
Limited would sell the
or assigned any
non-negotiable FIYTA
restricted shares
shares it was holding
held by CATIC
through listing with
Shenzhen
Shenzhen Stock
Holdings Limited.
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 December
The commitment
Commitment at the CATIC the end of the Company’s December 30 2010 to
is in process of
time of issuing Shenzhen non-public issuing (from 30, 2010 December
implementation.
December 30, 2010 to 29, 2013
December 29, 2013),
Shenzhen CATIC Group
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
shall not assign any of the
new shares it has
subscribed.
Other commitments to
the minority
shareholders
Has the commitment
been timely √ Yes □ No □ Inapplicable
implemented?
The specific cause of
failure in
implementation and
the next plan
Is there any
commitment for the
issue which may lead
□ Yes □ No √ Inapplicable
to 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
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
Guangdong Development
Rongheng trend of the
August 27, 2012 Company On-Site Survey Organization Capital domestic luxury
Management goods sector,
Co., Ltd. and some measures
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Essence concerning the
Securities Co., Company’s
Ltd. strategic
development,
brand
construction,
terminal
management in
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.
IV. Appendix
(I) Financial Statements
Are the statements necessary to be consolidated?
√ Yes □ No □ Inapplicable
The financial statements are presented in units of CNY unless otherwise stated.
1. Consolidated Balance Sheet
Prepared by FIYTA Holdings Ltd.
In CNY
Items Ending Balance Opening Balance
Current assets:
Monetary fund 173,858,373.52 179,972,430.02
Settlement Reserve
Inter-bank lending
Trading financial assets 0.00 0.00
Notes receivable 0.00 0.00
Accounts receivable 388,668,060.03 268,900,768.37
Prepayments 70,160,413.05 77,139,710.01
Insurance premium receivable
Reinsurance accounts
receivable
Accounts receivable reinsurance
reserve
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Interest receivable 0.00 0.00
Dividends receivable 0.00 0.00
Other receivables 45,885,933.11 34,058,993.74
Buying and selling back financial
assets
Inventories 1,850,711,015.24 1,640,904,483.64
Non-current assets due within a
0.00 0.00
year
Other current assets 44,551,016.22 44,245,896.17
Total current assets 2,573,834,811.17 2,245,222,281.95
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 investment 40,576,623.86 1,948,572.76
Investment based real estate 265,250,178.84 272,490,648.63
Fixed assets 298,884,201.71 295,407,284.31
Construction-in-process 4,741,321.72 249,000.00
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas assets
Intangible assets 37,059,173.69 37,065,827.49
Development expenses
Goodwill 0.00 0.00
Long-term expenses to be
115,528,821.17 122,665,313.17
apportioned
Deferred income tax asset 51,438,599.06 46,250,916.43
Other non-current assets 0.00 40,300,250.00
Total non-current assets 813,478,920.05 816,377,812.79
Total assets 3,387,313,731.22 3,061,600,094.74
Current liabilities:
Short-term Borrowings 1,480,000,000.00 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 0.00 0.00
Accounts payable 221,834,459.59 191,460,941.62
Advance receipts 12,313,113.31 3,740,327.89
Funds from selling out and
repurchasing financial assets
Service charge and commission
payable
Salaries payable to the 16,628,152.38 27,414,469.57
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
employees
Taxes payable 61,294,372.49 50,298,472.82
Interest payable 3,092,053.96 14,038,573.07
Dividends payable 0.00 0.00
Other payables 45,486,850.13 33,000,834.53
Reinsurance payable
Insurance contract reserve
Funds from securities trading
agency
Funds from underwriting
securities agency
Non-current liabilities due within
105,908,389.00 149,600,000.00
a year
Other current liabilities 9,427,466.95 4,814,572.85
Total current liabilities 1,955,984,857.81 1,573,475,192.35
Non-Current Liabilities:
Long-term borrowings 1,082,636.37 57,030,567.09
Bonds payable 0.00 0.00
Long term accounts payable 0.00 0.00
Special accounts payable 0.00 0.00
Predicted liabilities 0.00 0.00
Deferred income tax liability 128,393.19 128,393.19
Other non-current liabilities 3,786,000.00 2,350,000.00
Total non-current liabilities 4,997,029.56 59,508,960.28
Total liabilities 1,960,981,887.37 1,632,984,152.63
Owners’ equity (or shareholders’
equity):
Paid up capital (share capital) 392,767,870.00 392,767,870.00
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 382,940,678.24 327,521,960.58
Foreign currency translation
-8,857,754.44 -7,355,528.69
differences
Total owner’s equity attributable to
1,423,681,184.36 1,425,864,692.45
the parent company
Minority equity 2,650,659.49 2,751,249.66
Total Owners’ equity (or
1,426,331,843.85 1,428,615,942.11
shareholders’ equity)
Total liabilities and owners’ equity (or
3,387,313,731.22 3,061,600,094.74
shareholders’ equity)
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
2. Balance Sheet, Parent Company
Prepared by FIYTA Holdings Ltd.
In CNY
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Items Ending Balance Opening Balance
Current assets:
Monetary fund 49,325,335.26 49,327,161.12
Trading financial assets 0.00 0.00
Notes receivable 0.00 0.00
Accounts receivable 188,726,303.63 157,324,732.29
Prepayments 0.00 0.00
Interest receivable 0.00 0.00
Dividends receivable 15,960,140.05 34,607,884.20
Other receivables 943,072,176.87 879,552,488.89
Inventories 24,962,658.54 60,263,407.14
Non-current assets due within a
0.00 0.00
year
Other current assets 0.00 0.00
Total current assets 1,222,046,614.35 1,181,075,673.64
Non-current assets:
Available-for-sale financial
0.00 0.00
assets
Held –to-due investment 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 772,776,343.86 734,148,292.76
Investment based real estate 265,250,178.84 272,490,648.63
Fixed assets 97,380,975.55 103,792,286.84
Construction-in-process 4,741,321.72 249,000.00
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 30,697,162.14 30,695,325.97
Development expenses
Goodwill 0.00 0.00
Long-term expenses to be
11,773,844.11 22,046,301.93
apportioned
Deferred income tax asset 3,642,026.85 3,642,026.85
Other non-current assets 0.00 40,300,250.00
Total non-current assets 1,186,261,853.07 1,207,364,132.98
Total assets 2,408,308,467.42 2,388,439,806.62
Current liabilities:
Short-term borrowings 1,020,000,000.00 912,000,000.00
Trading financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 2,852,956.35 9,109,177.41
Advance receipts 1,336,724.21 1,466,500.43
Salaries payable to the
0.00 4,839,475.00
employees
Taxes payable 6,192,029.32 17,593,036.57
Interest payable 1,907,509.99 1,907,509.99
Dividends payable 0.00 0.00
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Other payables 54,969,126.13 43,019,929.22
Non-current liabilities due within
49,800,000.00 149,600,000.00
a year
Other current liabilities 0.00 0.00
Total current liabilities 1,137,058,346.00 1,139,535,628.62
Non-Current Liabilities:
Long-term borrowings 0.00 0.00
Bonds payable 0.00 0.00
Long term accounts payable 0.00 0.00
Special accounts payable 0.00 0.00
Predicted liabilities 0.00 0.00
Deferred income tax liability 128,393.19 128,393.19
Other non-current liabilities 3,786,000.00 2,350,000.00
Total non-current liabilities 3,914,393.19 2,478,393.19
Total liabilities 1,140,972,739.19 1,142,014,021.81
Owners’ equity (or shareholders’
equity):
Paid up capital (or capital stock) 392,767,870.00 392,767,870.00
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
Generic risk reserve
Retained earnings 212,081,926.57 191,171,983.15
Foreign currency translation
0.00 0.00
differences
Total owners’ equity (or shareholders’
1,267,335,728.23 1,246,425,784.81
equity)
Total liabilities and owners’ equity (or
2,408,308,467.42 2,388,439,806.62
shareholders’ equity)
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
3. Consolidated Profit Statement in the Reporting Period
Prepared by FIYTA Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Total revenues 779,096,852.28 641,861,183.58
Including: revenues 779,096,852.28 641,861,183.58
Interest income
Earned insurance
premium
Service charge and
commission income
II. Total operating costs 740,282,029.06 582,633,855.57
Including: operating costs 505,705,145.48 412,861,059.88
Interest payment
Service charge and
commission payment
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Refunded premiums
Net amount of
compensation payout
Net amount of reserves
for reinsurance contract
Policy dividend payment
Reinsurance expenses
Business taxes and
4,944,057.30 3,854,291.72
surcharge
Sales costs 148,317,531.89 100,992,836.81
Administrative expenses 49,806,480.44 47,372,655.89
Financial expenses 31,227,213.95 17,661,911.27
Loss from impairment of
281,600.00 -108,900.00
assets
Plus: Income from change of fair
value (loss is stated with “-“)
Investment income (loss
-213,572.76 15,644.59
is stated with “-“)
Including: income from
investment in associates and joint -213,572.76 15,644.59
ventures
Exchange income (loss is
stated with “-”)
III. Operating Profit (loss is stated
38,601,250.45 59,242,972.60
with “-”)
Plus: Non-operating income 298,764.47 718,635.87
Less: Non-operating expenses 91,188.43 494,059.19
Including: Loss from
0.00 439,310.49
disposal of non-current assets
IV. Total profit (total loss is stated with
38,808,826.49 59,467,549.28
“-”)
Less: Income tax expense 9,378,379.58 12,761,552.84
V. Net Profit (net loss is stated with
29,430,446.91 46,705,996.44
“-”)
Including: Net profit realized by
the consolidatee realized before the 0.00 0.00
consolidation
Net profit attributable to the
29,406,087.04 46,791,935.31
parent company’s owner
Minority shareholders’ gain/loss 24,359.87 -85,938.87
VI. Earnings per share: -- --
(I) Basic earnings per share 0.07 0.12
(II) Diluted earnings per share 0.07 0.12
VII. Other comprehensive income -11,564.11 153,521.72
VIII. Total comprehensive income 29,418,882.80 46,859,518.16
Total comprehensive income
attributable to the owner of the parent 29,394,463.00 46,944,445.39
company
Total comprehensive income
24,419.80 -84,927.23
attributable to minority shareholders
In case consolidation of the enterprises under the common control took place in the reporting period, the net profit realized
by the enterprises to be consolidated before the consolidation was CNY0.00.
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FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
4. Parent Company’s Profit Statement in the Reporting Period
Prepared by FIYTA Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Revenues 20,892,033.83 111,503,992.84
Less: Business costs 6,798,347.50 59,630,259.87
Business taxes and
1,248,089.77 1,675,717.01
surcharge
Sales costs 3,152,473.98 14,764,775.31
Administrative expenses 9,364,752.13 12,256,625.45
Financial expenses 9,757,225.50 9,535,679.89
Loss from impairment of
0.00 0.00
assets
Plus: Income from change of fair
0.00 0.00
value (loss is stated with “-”)
Investment income (loss is
-213,572.76 15,644.59
stated with “-”)
Including: income from
investment in associates and joint -213,572.76 15,644.59
ventures
II. Operating Profit (loss is stated with
-9,642,427.81 13,656,579.90
“-”)
Plus: Non-operating income 111,026.00 658,171.76
Less: Non-operating expenses 10,000.00 439,313.81
Including: Loss from
0.00 439,313.81
disposal of non-current assets
III. Total profit (total loss is stated with
-9,541,401.81 13,875,437.85
“-”)
Less: Income tax expense 0.00 1,868,683.61
IV. Net Profit (net loss is stated with
-9,541,401.81 12,006,754.24
“-”)
V. Earnings per share -- --
(I) Basic earnings per share -0.02 0.03
(II) Diluted earnings per share -0.02 0.03
VI. Other comprehensive income 0.00 0.00
VII. Total comprehensive income -9,541,401.81 12,006,754.24
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
5. Consolidated Profit Statement from the Year Beginning to the End of the Reporting Period
Prepared by FIYTA Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Total Revenues 2,262,852,663.64 1,873,871,919.99
Including: revenues 2,262,852,663.64 1,873,871,919.99
Interest income
Earned premium
13
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Service charge and
commission income
II. Total operating cost 2,143,632,308.12 1,718,811,147.33
Including: operating costs 1,492,740,032.38 1,233,347,806.65
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
Business taxes and
13,277,740.81 9,538,856.78
surcharge
Sales costs 408,864,524.84 287,536,797.14
Administrative expenses 137,641,623.80 134,342,290.88
Financial expenses 90,831,084.99 51,897,845.03
Loss from impairment of
277,301.30 2,147,550.85
assets
Plus: Income from change of fair
0.00 0.00
value (loss is stated with “-“)
Investment income (loss
-22,198.90 -33,340.89
is stated with “-”)
Including: income from
investment in associates and joint -22,198.90 -33,340.89
ventures
Exchange income (loss is
stated with “-”)
III. Operating Profit (loss is stated
119,198,156.62 155,027,431.77
with “-”)
Plus: Non-operating income 2,140,407.12 2,093,001.84
Less: Non-operating expenses 196,616.65 500,412.57
Including: Loss from
11,895.85 439,797.49
disposal of non-current assets
IV. Total profit (total loss is stated with
121,141,947.09 156,620,021.04
“-”)
Less: Income tax expense 26,552,203.90 30,563,730.27
V. Net Profit (net loss is stated with
94,589,743.19 126,056,290.77
“-”)
Including: Net profit realized by
the consolidatee realized before the -2,130,265.54 -11,425,525.01
consolidation
Net profit attributable to the
94,695,504.66 125,965,529.87
parent company’s owner
Minority shareholders’ gain/loss -105,761.47 90,760.90
VI. Earnings per share: -- --
(I) Basic earnings per share 0.24 0.32
(II) Diluted earnings per share 0.24 0.32
VII. Other comprehensive income -1,497,054.45 2,224,597.95
VIII. Total comprehensive income 93,092,688.74 128,280,888.72
14
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Total comprehensive income
attributable to the owner of the parent 93,193,278.91 128,228,069.82
company
Total comprehensive income
-100,590.17 52,818.90
attributable to minority shareholders
In case consolidation of the enterprises under the common control took place from the year beginning to the end of the
reporting period, the net profit realized by the enterprises to be consolidated before the consolidation was CNY
-2,130,265.54.
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
6. The Parent Company’s Profit Statement from Year Beginning to the End of the Reporting
Period
Prepared by FIYTA Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Revenues 103,752,296.39 340,925,689.45
Less: Business costs 53,066,416.01 167,800,126.12
Business taxes and
5,253,236.09 4,166,939.68
surcharge
Sales costs 10,482,080.69 90,466,236.26
Administrative expenses 29,664,287.75 44,290,844.41
Financial expenses 22,424,028.75 18,729,348.51
Loss from impairment of
-4,298.70 0.00
assets
Plus: Income from change of fair
0.00 0.00
value (loss is stated with “-”)
Investment income (loss is
75,937,941.15 34,153,790.04
stated with “-”)
Including: income from
investment in associates and joint -22,198.90 -33,340.89
ventures
II. Operating Profit (loss is stated with
58,804,486.95 49,625,984.51
“-”)
Plus: Non-operating income 1,484,717.87 1,009,025.48
Less: Non-operating expenses 102,474.40 439,800.81
Including: Loss from
872.93 439,800.81
disposal of non-current assets
III. Total profit (total loss is stated with
60,186,730.42 50,195,209.18
“-”)
Less: Income tax expense 0.00 2,385,496.37
IV. Net Profit (net loss is stated with
60,186,730.42 47,809,712.81
“-”)
V. Earnings per share -- --
(I) Basic earnings per share 0.15 0.12
(II) Diluted earnings per share 0.15 0.12
VI. Other comprehensive income 0.00 0.00
VII. Total comprehensive income 60,186,730.42 47,809,712.81
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
15
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
7. Consolidated Cash Flow Statement from Year Beginning to the End of the Reporting Period
Prepared by FIYTA Holdings Ltd.
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
2,506,889,513.03 2,054,780,510.08
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 0.00 696,208.03
Other operation activity related
21,035,980.44 11,384,627.04
cash receipts
Subtotal of cash flow in from
2,527,925,493.47 2,066,861,345.15
operating activity
Cash paid for purchase of goods
1,934,849,697.18 1,809,663,867.99
and reception of 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 policy
dividend
Cash paid to and for staff 268,802,125.78 207,892,083.72
Various taxes paid 140,458,696.96 116,059,657.43
Other business related cash
237,338,950.16 197,460,098.80
payments
Subtotal of cash flow out from
2,581,449,470.08 2,331,075,707.94
operating activity
Net cash flow arising from operating
-53,523,976.61 -264,214,362.79
activities
II. Cash flows arising from investment
16
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
activities:
Cash received from recovery of
0.00 1,350,000.00
investment
Cash received from investment
300,000.00 0.00
income
Net amount of cash received
from disposal of fixed assets,
80,768.34 146,971.40
intangible assets and other long term
assets
Net cash received from disposal
of subsidiaries and other operating 0.00 0.00
units
Other investment related cash
0.00 0.00
receipts
Subtotal of cash flow in from
380,768.34 1,496,971.40
investment activity
Cash paid for
construction/purchase of fixed
76,725,027.37 259,978,033.89
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 cash
0.00 0.00
payments
Subtotal of cash flow out from
104,775,027.37 279,085,233.89
investment activity
Net cash flow arising from investment
-104,394,259.03 -277,588,262.49
activities
III. Cash flows arising from fund
raising activities:
Cash received from absorption
0.00 51,000,000.00
of investment
Incl.: Cash received from
subsidiaries’ absorption of minority 0.00 0.00
shareholders’ investment
Cash received from borrowings 1,982,000,000.00 746,548,857.00
Cash received from bond
issuing
Other fund-raising related cash
125,000,000.00 0.00
receipts
Subtotal of cash flow in from fund
2,107,000,000.00 797,548,857.00
raising activity
Cash paid for liabilities
1,701,047,634.10 656,380,053.28
repayment
Cash paid for dividend/profit
127,740,935.85 63,711,042.54
distribution or repayment of interest
Including: Dividend and profit
paid by subsidiaries to minority 0.00 0.00
shareholders
Other fund-raising related cash
126,612,772.60 231,600.00
payments
Subtotal of cash flow out from fund 1,955,401,342.55 720,322,695.82
17
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
raising activity
Net cash flow arising from
151,598,657.45 77,226,161.18
fund-raising activities
IV. Influence from change of
exchange rate upon cash and cash 205,521.69 -50,133.34
equivalents
V. Net increase of cash and cash
-6,114,056.50 -464,626,597.44
equivalents
Plus: Opening balance of cash
179,972,430.02 613,455,817.52
and cash equivalents
VI. Ending balance of cash and cash
173,858,373.52 148,829,220.08
equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
8. Parent Company’s Cash Flow Statement from Year Beginning to the End of the Reporting
Period
Prepared by FIYTA Holdings Ltd.
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
76,892,347.12 327,672,723.08
goods and supply of labor
Rebated taxes received 0.00 0.00
Other operation activity related
192,267,882.99 61,494,349.22
cash receipts
Subtotal of cash flow in from
269,160,230.11 389,167,072.30
operating activity
Cash paid for purchase of
10,311,457.55 167,961,430.56
goods and reception of labor services
Cash paid to and for staff 29,646,247.37 67,522,284.07
Taxes paid 27,729,182.82 17,773,247.09
Other business related cash
122,348,674.48 135,541,944.07
payments
Subtotal of cash flow out from
190,035,562.22 388,798,905.79
operating activity
Net cash flow arising from operating
79,124,667.89 368,166.51
activities
II. Cash flows arising from investment
activities:
Cash received from recovery of
0.00 1,350,000.00
investment
Cash received from investment
94,907,884.20 0.00
income
Net amount of cash received
from disposal of fixed assets,
58,000.00 135,326.60
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 cash
0.00 0.00
receipts
18
FIYTA Holdings Ltd. 2012 3 rd Quarterly Report, Full Text
Subtotal of cash flow in from
94,965,884.20 1,485,326.60
investment activity
Cash paid for
construction/purchase of fixed
13,761,135.43 32,592,961.88
assets, intangible assets and other
long term assets
Cash paid for investment 0.00 352,807,200.00
Net cash received from
payment by subsidiaries and other 0.00 0.00
operating units
Other investment related cash
0.00 0.00
payments
Subtotal of cash flow out from
13,761,135.43 385,400,161.88
investment activity
Net cash flow arising from investment
81,204,748.77 -383,914,835.28
activities
III. Cash flows arising from fund
raising activities:
Cash received from absorption
0.00 0.00
of investment
Cash received from borrowings 1,422,000,000.00 452,000,000.00
Cash received from bond
issuing
Other fund-raising related cash
0.00 0.00
receipts
Subtotal of cash flow in from fund
1,422,000,000.00 452,000,000.00
raising activity
Cash paid for liabilities
1,476,300,000.00 488,200,000.00
repayment
Cash paid for dividend/profit
104,418,469.92 59,681,264.53
distribution or repayment of interest
Other fund-raising related cash
1,612,772.60 231,600.00
payments
Subtotal of cash flow out from fund
1,582,331,242.52 548,112,864.53
raising activity
Net cash flow arising from
-160,331,242.52 -96,112,864.53
fund-raising activities
IV. Influence from change of
exchange rate upon cash and cash 0.00 0.00
equivalents
V. Net increase of cash and cash
-1,825.86 -479,659,533.30
equivalents
Plus: Opening balance of cash
49,327,161.12 529,568,738.47
and cash equivalents
VI. Ending balance of cash and cash
49,325,335.26 49,909,205.17
equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua Manager of the Accounting Dept: Hu Xinglong
(II) Auditor’s Report
Auditor’s Opinion Unaudited
19
