FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
FIYTA Holdings Ltd.
2013 1st Quarterly Report
April, 2013
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Section 1 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.
Mr. Lai Weixuan, the head of the Company, 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 the Quarterly Report.
All the directors attended the board meeting for reviewing the Quarterly Report.
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Section 2 Financial Highlights and Change of Shareholders
I. Financial Data Summary
Had the financial data in the previous period undergone backward adjustment or restatement during the reporting period
□ Yes √ No
Increase/decrease in the
reporting period vs the
Jan to Mar, 2013 Jan to Mar, 2012
corresponding period of
the previous year (%)
Revenues in CNY 754,193,631.28 737,516,704.64 2.26%
Net profit attributable to the Company’s
34,763,554.98 35,189,309.19 -1.21%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring 34,319,508.13 36,378,617.97 -5.66%
gains/losses, in CNY
Net cash flows arising from operating
52,376,507.66 -65,823,575.63 -
activities, in CNY
Basic earning per share (CNY/share) 0.089 0.09 -1.11%
Diluted earning per share (CNY/share) 0.089 0.09 -1.11%
Net assets-income ratio , weighted
2.38% 2.44% -0.06%
average, (%)
Increase/decrease in the
reporting period vs the
March 31, 2013 December 31, 2012
end of the previous year
(%)
Total assets, in CNY 3,393,397,145.92 3,326,763,824.86 2%
Net assets attributable to the
Company’s shareholders, in CNY 1,480,842,304.55 1,446,677,625.13 2.36%
Non-recurring gains/losses and the amount involved
√Applicable □ Inapplicable
In CNY
From year beginning to the
Items Note:
end of the reporting period
Government subsidy recognized in current gains and losses
(excluding those closely related to the Company’s business 236,000.00 -
and granted under the state’s policies according to certain
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
quota of amount or volume)
Reversal of provision for impairment of the accounts
240,538.68 -
receivable separately tested for impairment
Income and expenses from the business other than the
35,258.82 -
above items
Amount influencing the income tax 67,750.65 -
Total 444,046.85 --
II. Total Shareholders at the End of the Reporting Period and Shareholding of the Top
Ten Shareholders
In Shares
Total shareholders at the end of
30,846
the reporting period
Shareholding of the top 10 shareholders
Number of Pledging or freezing
shares with
Names of Shareholding Number of
Nature trading limited Status of the
Shareholders proportion (%) shares held Number
conditions held shares
AVIC
State-owned
International
corporate 41.49% 162,977,327 162,977,327 - -
Holdings
shareholder
Limited
China
Construction
Bank – Huaxia
Domestic
Superiority
non-state
Growth Stock 2.53% 9,920,073 - - -
corporate
Based
shareholder
Securities
Investment
Fund
China
Merchants Overseas
1.88% 7,370,570 - - -
Securities (HK) corporate
Co., Ltd.
National Social Domestic
Security Fund non-state
1.24% 4,878,565 - - -
No. 114 corporate
Portfolio shareholder
GSI S/A Overseas 1.12% 4,416,654 - - -
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
GOLDEN corporate
CHINA PLUS
MASTER FUND
KGI ASIA Overseas
1.03% 4,060,045 - - -
LIMITED corporate
Industrial and
Commercial
Bank of China –
Guotou Ruiyin Domestic
Growth non-state
0.84% 3,300,000 - - -
Selected Stock corporate
Based shareholder
Securities
Investment
Fund
Essence
International
Overseas
Securities 0.71% 2,778,192 - - -
corporate
(Hong Kong)
Limited
China Foreign
Economy and
Trade Trust &
Investment Co., Domestic
Ltd. – Yunpei non-state
0.61% 2,380,289 - - -
Securities corporate
Investment shareholder
Assembled
Funds Trust
Program
Agricultural
Bank of China –
Fuguo
Tiancheng Domestic
Dividend non-state
0.4% 1,576,136 - - -
Flexible corporate
Lexible Configur shareholder
ation Hybrid
Securities Inve
stment Fund
Shareholding of top 10 shareholders of unrestricted shares
Names of Shareholders Quantity of unrestricted shares held Share type
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Share type Number
China Construction Bank –
Huaxia Superiority Growth Stock
9,920,073 A Shares 9,920,073
Based Securities Investment
Fund
China Merchants Securities (HK)
7,370,570 B-shares 7,370,570
Co., Ltd.
National Social Security Fund No.
4,878,565 A Shares 4,878,565
114 Portfolio
GSI S/A GOLDEN CHINA PLUS
4,416,654 B-shares 4,416,654
MASTER FUND
KGI ASIA LIMITED 4,060,045 B-shares 4,060,045
Industrial and Commercial Bank
of China – Guotou Ruiyin Growth
3,300,000 A Shares 3,300,000
Selected Stock Based Securities
Investment Fund
Essence International Securities
2,778,192 B-shares 2,778,192
(Hong Kong) Limited
china Foreign Economy and
Trade Trust & Investment
Co.,Ltd. – Yunpei Securities 2,380,289 A Shares 2,380,289
Investment Assembled Funds
Trust Program
Agricultural Bank of China –
Fuguo Tiancheng Dividend
Flexible Lexible Configuration 1,576,136 A Shares 1,576,136
Hybrid Securities Investment
Fund
Nomura Asset Management Co.
– Nomura China Investment 1,369,305 A Shares 1,369,305
Fund
Explanation on associated The Company has found neither affiliation among the aforesaid shareholders nor
relationship or consistent action concerted actor as specified in the Measures for Administration of Information on the
of the above shareholders Shareholder Equity Change of Listed Companies.
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Section 3 Significant Events
I. Significant Changes in Principal Accounting Statement Items and Financial
Indicators and the Causes
1. Monetary capital as at the end of the reporting period amounting to CNY 224,976,409.54, increased by 60.22% over the
year beginning was mainly due to that the Company fulfilled the bond issuing and the proceeds from the bond financing
were remitted to the bank account designated by the Company on March 5, 2013.
2. Bonds payable as at the end of the reporting period amounted to CNY 400,000,000.00 while that at the year beginning
was CNY 0. It was mainly due to that the Company fulfilled the bond issuing and the proceeds from the bond financing
were transferred to the bank account designated by the Company on March 5, 2013.
II. Progress of Significant Events, their Influences and the Solutions
The 33rd Meeting of the Sixth Board of Directors held on June 19, 2012 reviewed and approved the Proposal on Issuing
Company Bonds, according to which the Company would issue company bonds with amount not exceeding CNY 400
milion and the time limit not exceeding 5 years (with 5 years inclusive) used for replacing the bank loan and
supplementing working capital. On September 9, 2012, approved by China Securities Regulatory Commission with
Document ZHENG JIAN XU KE [2012] No. 1209, the Company was permitted to issue company bonds with amount not
exceeding CNY400 million. The Company issued CNY 400 million of the company bonds in the said financing activity.
After deduction of the issuing costs, the net proceeds raised through the said financing activity amounting to CNY 396.9
million was transferred to the bank account designated by the Company. RSM China CPAs (special ordinary partnership),
the CPAs engaged by the Company issued capital verification reports RSM CHINA YAN ZI [2013] No. 0053, RSM
CHINA YAN ZI [2013] No. 0054 and RSM CHINA YAN ZI [2013] No. 0055 for the frozen capital from subscription of the
online-issued bonds, the frozen capital from subscription of offline placement and the proceeds actually raised from the
financing activity. Approved by Shenzhen Stock Exchange with Document of Shenzhen Stock Exchange with Document
SHEN ZHENG SHANG [2013] No. 99, the bonds started cross listing in the SZSE Centralized Ask-bid System and
Comprehensive Exchange Platform on March 29, 2013 with the short form of the securities 12 YATA Bond and stock code
of 112152.
Provisional report disclosure website
Summary of Significant Events Disclosure date
inquiry index
Company bond issuing announcement
February 25, 2013 http://www.cninfo.com.cn/
No. 2013-003
III.The commitments of the Company and its shareholders holding over 5% of the
Company’s total shares in the reporting period or extending to the reporting period
from previous year(s)
Commitments Promiser Description Commitment Commitment Implementatio
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
time term n
Commitment for Equity Separation
- - - - -
Reform
Commitments in the acquisition report
or the written report on change of - - - - -
equity
Commitment made at the time of asset
- - - - -
reorganization
AVIC
International
Holdings
Limited shall
not assign the
new shares
subscribed by
it within 36
months
commencing
from the date
of ending the
non-public
issuance by
FIYTA
AVIC Holdings Ltd.
International (December 30, In process of
Commitment made at IPO or December 29,
Holdings 2010 to 3 years implementatio
re-financing 2010
Limited December 29, n
2013) in
accodance
with the
Measures for
the
Administration
of the Issuance
of Securities by
Listed
Companies,
Detailed
Implementatio
n Rules for the
Non-public
Issuance of
Stocks by
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Listed
Companies,
Listing Rules of
Shenzhen
Stock
Exchange, etc.
as well as the
Contract for
Subscription of
the Shares
Issued
Non-publically
by FIYTA
Holdings Ltd.
Other commitments to the minority
shareholders - - - - -
Has the commitment been timely
Yes
implemented?
The specific cause of failure in
Inapplicable
implementation and the next plan
Is there any commitment for the issue
which may lead to horizontal No
competition and related transaction
Time limit of solution as committed Inapplicable
Way of solution Inapplicable
Performance of commitment The commitment is in process of implementation.
IV. Prediction of the Operation Performances from January to June 2013
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. Investment in Securities
Initial Quantity Sharehol Quantity Sharehol Book Gain/Los
Short
Type of Stock Investme of shares ding held at ding value at s in the Accounti
form of Source
Security Code nt Cost held at proportio the end proportio the end reporting ng items
stock
(RMB) the n at the of the n at the of the period
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
beginnin beginnin reporting end of reporting (CNY)
g of the g of the period the period
reporting reporting (shares) reporting (CNY)
period period period
(in (%) (%)
shares)
- - - 0.00 0 0 0.00 0.00
Other securities investments
held at the end of the 0.00 0 -- 0 -- 0.00 0.00 -- --
reporting period
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Note to holding of the equity in other listed companies
inapplicable
VI. Investment in Derivatives
Risk analysis on the position of derivatives and note to the
control measures in the reporting period (including but not
inapplicable
limited to the market risk, liquidity risk, credit risk, operation
risk and law risk, etc.)
Change of the market price or fair value of the derivatives
already invested in the reporting period, the method for
specific application of analysis on the fair value of the
inapplicable
derivatives necessary to be disclosed and the relevant
assumption and setting of parameters
Note to any significant change in the accounting policy for
the Company’d derivatives and specific principle for
inapplicable
accounting in comparison with the previous reporting
period.
Special opinion of the independent directors on investment
in derivatives and risk control inapplicable
Holding of the Investments in Derivatives at the End of the Reporting Period
□ applicable √ inapplicable
Note:
inapplicable
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
VII. 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
Sinolink Securitie
s Co., Ltd.
China
Galaxy Securities Development trend of the
Co.Ltd. domestic luxury goods
sector, some measures
Shenzhen Golden
concerning the
Investment
Company’s strategic
Management Co.,
March 25, 2013 Company On-Site Survey Institution development, brand
Ltd.
construction, terminal
Changsheng
management in the past
Fund
three years. Provision
Management Co.,
of the Company’s public
Ltd. and
brochures in 2013.
Guosen Securitie
s Co., Ltd.
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by Fiyta Holdings Ltd.
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 224,976,409.54 140,420,994.71
Settlement Reserve
Inter-bank lending
Trading financial assets
Notes receivable 914,963.22 2,000,000.00
Accounts receivable 341,256,287.10 309,117,274.31
Prepayments 78,908,148.16 75,418,566.40
Insurance premium receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable
Dividends receivable
Other receivables 39,860,579.88 33,353,606.26
Buying and selling back
financial assets
Inventories 1,851,386,446.59 1,883,265,248.76
Non-current assets due within
a year
Other current assets 34,990,568.87 51,043,401.97
Total current assets 2,572,293,403.36 2,494,619,092.41
Non-Current Assets:
Disbursement of entrusted
loans and advances
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Available-for-sale financial
assets
Held –to-maturity investment
Long-term accounts receivable
Long-term equity investment 41,733,741.79 41,733,741.79
Investment based real estate 251,237,240.03 244,379,430.63
Fixed assets 305,927,472.40 317,801,267.87
Construction-in-process 3,908,947.89 3,866,365.79
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 36,430,799.41 36,749,627.18
Development expenses
Goodwill
Long-term expenses to be
121,992,573.78 126,274,611.58
apportioned
Deferred income tax asset 59,872,967.26 61,339,687.61
Other non-current assets
Total non-current assets 821,103,742.56 832,144,732.45
Total assets 3,393,397,145.92 3,326,763,824.86
Current liabilities:
Short-term borrowing 1,078,792,441.63 1,409,800,000.00
Borrowings from central bank
Receipt of deposits and
deposits from other banks
Loans from other banks
Trading financial liabilities
Notes payable
Accounts payable 177,785,802.81 211,297,566.43
Advance receipts 16,284,699.39 12,131,032.89
Funds from selling out and
repurchasing financial assets
Service charge and
commission payable
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Salaries payable to the
11,440,715.16 28,090,979.22
employees
Taxes payable 65,639,702.56 55,705,075.23
Interest payable 13,902,569.73 7,376,397.56
Dividends payable
Other payables 35,716,185.20 37,453,414.11
Reinsurance payable
Insurance contract reserve
Funds from securities trading
agency
Funds from underwriting
securities agency
Non-current liabilities due
55,846,683.00 55,846,683.00
within a year
Other current liabilities 4,314,611.74 10,088,432.90
Total current liabilities 1,459,723,411.22 1,827,789,581.34
Non-Current Liabilities:
Long term borrowings 48,351,841.58 48,383,020.45
Bonds payable 400,000,000.00
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability
Other non-current liabilities 2,050,000.00 1,506,000.00
Total non-current liabilities 450,401,841.58 49,889,020.45
Total liabilities 1,910,125,252.80 1,877,678,601.79
Owners’ equity (or shareholders’
equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00
stock)
Capital reserve 525,506,952.78 525,506,952.78
Less: shares in stock
Special reserve
Surplus reserve 148,587,680.61 148,587,680.61
Generic risk reserve
Retained earnings 421,748,231.76 386,984,676.78
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Foreign Currency Capital -7,768,430.60 -7,169,555.04
Total owner’s equity attributable to
1,480,842,304.55 1,446,677,625.13
the parent company
Minority equity 2,429,588.57 2,407,597.94
Owners’ equity (or shareholders’
1,483,271,893.12 1,449,085,223.07
equity)
Total liabilities and owners’ equity (or
3,393,397,145.92 3,326,763,824.86
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
Items Ending balance Opening balance
Current assets:
Monetary fund 88,768,900.56 51,372,778.02
Trading financial assets
Notes receivable
Accounts receivable 240,685,955.82 240,591,979.60
Prepayments 8,405,680.16 7,400,499.96
Interest receivable
Dividends receivable 15,960,140.05 15,960,140.05
Other receivables 1,078,525,216.75 879,008,377.75
Inventories 263,584.81 326,238.78
Non-current assets due within
a year
Other current assets 45,265.96 45,265.96
Total current assets 1,432,654,744.11 1,194,705,280.12
Non-Current Assets:
Available-for-sale financial
assets
Held –to-maturity investment
Long-term accounts receivable
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Long-term equity investment 773,933,461.79 773,933,461.79
Investment based real estate 251,237,240.03 244,379,430.63
Fixed assets 103,104,023.00 113,532,673.59
Construction-in-process 3,908,947.89 3,866,365.79
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 30,074,447.84 30,390,445.62
Development expenses
Goodwill
Long-term expenses to be
10,750,958.57 9,959,330.37
apportioned
Deferred income tax asset 424,050.46 424,050.46
Other non-current assets
Total non-current assets 1,173,433,129.58 1,176,485,758.25
Total assets 2,606,087,873.69 2,371,191,038.37
Current liabilities:
Short-term borrowing 779,800,000.00 949,800,000.00
Trading financial liabilities
Notes payable
Accounts payable 6,965,738.15 6,871,761.93
Advance receipts 483,786.81 1,393,704.45
Salaries payable to the
812,530.00 4,130,000.00
employees
Taxes payable 3,431,282.19 7,275,698.17
Interest payable 13,411,075.31 6,207,032.78
Dividends payable
Other payables 15,361,624.98 14,215,414.94
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 820,266,037.44 989,893,612.27
Non-Current Liabilities:
Long term borrowings
16
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Bonds payable 400,000,000.00
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability
Other non-current liabilities 2,050,000.00 1,506,000.00
Total non-current liabilities 402,050,000.00 1,506,000.00
Total liabilities 1,222,316,037.44 991,399,612.27
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 148,587,680.61 148,587,680.61
Generic risk reserve
Retained earnings 311,253,791.76 307,273,381.61
Foreign Currency Capital
Owners’ equity (or shareholders’
1,383,771,836.25 1,379,791,426.10
equity)
Total liabilities and owners’ equity (or
2,606,087,873.69 2,371,191,038.37
shareholders’ equity)
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua
Manager of the Accounting Dept: Hu Xinglong
3. Consolidated Profit Statement
Prepared by Fiyta Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Gross Revenue 754,193,631.28 737,516,704.64
Including: revenue 754,193,631.28 737,516,704.64
Interest income
Earned premium
17
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Service charge and
commission income
II. Total operating cost 710,933,375.39 692,569,485.20
Including: operating costs 491,708,505.30 490,208,507.58
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
3,897,261.83 3,993,487.73
surcharge
Sales costs 154,136,960.49 128,096,629.55
Administrative
35,969,721.78 42,196,990.42
expenses
Financial expenses 25,472,964.67 28,078,168.62
Loss from impairment of
-252,038.68 -4,298.70
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income
150,012.26
(loss is stated with “-“)
Including: income from
investment in associates and joint
ventures
Exchange income (loss
is stated with “-“)
III. Operating Profit (loss is stated
43,260,255.89 45,097,231.70
with “-“)
Plus: Non-operating income 275,440.14 1,254,795.94
Less: Non-operating expenses 4,181.32 2,520.27
Including: Loss from
disposal of non-current assets
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
IV. Total profit (total loss is stated
43,531,514.71 46,349,507.37
with “-”)
Less: Income tax expense 8,745,971.82 11,280,543.89
V. Net Profit (net loss is stated with
34,785,542.89 35,068,963.48
“-“)
Including: Net profit realized by
the consolidatee realized before the
consolidation
Net profit attributable to the
34,763,554.98 35,189,309.19
parent company’s owner
Minority shareholders’
21,987.91 -120,345.71
gain/loss
VI. Earnings per share: -- --
(I) Basic earnings per share 0.089 0.09
(II) Diluted earnings per share 0.089 0.09
VII. Other comprehensive income -598,872.84 251,398.27
VIII. Total comprehensive income 34,186,670.05 35,320,361.75
Total comprehensive income
attributable to the owner of the 34,164,679.42 35,437,795.88
parent company
Total comprehensive income
21,990.63 -117,434.13
attributable to minority shareholders
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua
Manager of the Accounting Dept: Hu Xinglong
4. Profit Statement, Parent Company
Prepared by Fiyta Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Revenue 21,629,502.27 76,813,735.01
Less: Business costs 3,445,062.57 57,571,143.06
Business taxes and
1,713,487.37 2,151,767.02
surcharge
Sales costs 2,213,767.00 3,442,248.92
Administrative expenses 9,294,459.44 10,710,630.13
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FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Financial expenses 109,512.35 5,403,680.55
Loss from impairment of
-4,298.70
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
150,012.26
is stated with “-“)
Including: return on
investment in associates and joint
ventures
II. Operating Profit (loss is stated
4,853,213.54 -2,311,423.71
with “-“)
Plus: Non-operating income 254,000.00 815,562.40
Less: Non-operating expenses 997.70
Including: Loss from
disposal of non-current assets
III. Total profit (total loss is stated
5,107,213.54 -1,496,859.01
with “-“)
Less: Income tax expense 1,126,803.39 79,924.99
IV. Net Profit (net loss is stated with
3,980,410.15 -1,576,784.00
“-“)
V. Earnings per share -- --
(I) Basic earnings per share 0.01 -0.004
(II) Diluted earnings per share 0.01 -0.004
VI. Other comprehensive income
VII. Total comprehensive income 3,980,410.15 -1,576,784.00
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua
Manager of the Accounting Dept: Hu Xinglong
5. Consolidated Cash Flow Statement
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:
20
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Cash received from sales of
830,187,395.53 787,816,057.95
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
Other operation activity related
5,268,209.81 5,385,787.06
cash receipts
Subtotal of cash flow in from
835,455,605.34 793,201,845.01
operating activity
Cash paid for purchase of
goods and reception of labor 574,477,489.05 642,086,226.93
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
21
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
dividend
Cash paid to and for staff 107,828,818.30 95,422,141.67
Taxes paid 34,441,205.11 38,032,677.40
Other business related cash
66,331,585.22 83,484,374.64
payments
Subtotal of cash flow out from
783,079,097.68 859,025,420.64
operating activity
Net cash flow arising from operating
52,376,507.66 -65,823,575.63
activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
300,000.00
investment income
Net amount of cash received
from disposal of fixed assets,
620,000.00 100.00
intangible assets and other long
term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Subtotal of cash flow in from
620,000.00 300,100.00
investment activity
Cash paid for
construction/purchase of fixed
18,696,384.90 20,626,440.09
assets, intangible assets and other
long term assets
Cash paid for investment 28,050,000.00
Net increase of hypothecated
loans
Net cash received from
payment by subsidiaries and other
operating units
Other investment related cash
payments
Subtotal of cash flow out from 18,696,384.90 48,676,440.09
22
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
investment activity
Net cash flow arising from
-18,076,384.90 -48,376,340.09
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
63,992,441.63 387,000,000.00
borrowings
Cash received from bond
396,900,000.00
issuing
Other fund-raising related cash
125,000,000.00
receipts
Subtotal of cash flow in from fund
460,892,441.63 512,000,000.00
raising activity
Cash paid for liabilities
395,031,175.02 308,130,500.95
repayment
Cash paid for dividend/profit
15,467,352.38 21,419,522.94
distribution or repayment of interest
Including: Dividend and profit
paid by subsidiaries to minority
shareholders
Other fund-raising related cash
137,986.00 1,031,250.90
payments
Subtotal of cash flow out from fund
410,636,513.40 330,581,274.79
raising activity
Net cash flow arising from
50,255,928.23 181,418,725.21
fund-raising activities
IV. Influence from change of
exchange rate upon cash and cash -636.16 146,675.37
equivalents
V. Net increase of cash and cash
84,555,414.83 67,365,484.86
equivalents
Plus: Opening balance of cash
140,420,994.71 179,972,430.02
and cash equivalents
VI. Ending balance of cash and cash 224,976,409.54 247,337,914.88
23
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua
Manager of the Accounting Dept: Hu Xinglong
6. Cash Flow Statement, Parent Company
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
19,959,998.48 31,261,628.52
goods and supply of labor
Rebated taxes received
Other operation activity related
1,365,306.77 96,720,216.95
cash receipts
Subtotal of cash flow in from
21,325,305.25 127,981,845.47
operating activity
Cash paid for purchase of
goods and reception of labor 10,604,623.06
services
Cash paid to and for staff 12,251,559.19 13,228,453.93
Taxes paid 6,876,199.46 12,578,721.14
Other business related cash
182,915,857.63 284,994,206.02
payments
Subtotal of cash flow out from
202,043,616.28 321,406,004.15
operating activity
Net cash flow arising from operating
-180,718,311.03 -193,424,158.68
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
620,000.00
from disposal of fixed assets,
24
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
intangible assets and other long
term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Subtotal of cash flow in from
620,000.00 34,907,884.20
investment activity
Cash paid for
construction/purchase of fixed
1,602,602.66 592,632.00
assets, intangible assets and other
long term assets
Cash paid for investment
Net cash received from
payment by subsidiaries and other
operating units
Other investment related cash
payments
Subtotal of cash flow out from
1,602,602.66 592,632.00
investment activity
Net cash flow arising from
-982,602.66 34,315,252.20
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from absorption
of investment
Cash received from
387,000,000.00
borrowings
Cash received from bond
396,900,000.00
issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund
396,900,000.00 387,000,000.00
raising activity
Cash paid for liabilities
170,000,000.00 189,100,000.00
repayment
Cash paid for dividend/profit
7,664,977.77 19,914,700.35
distribution or repayment of interest
25
FIYTA HOLDINGS LTD. 2013 1ST QUARTERLY REPORT
Other fund-raising related cash
137,986.00 1,031,250.90
payments
Subtotal of cash flow out from fund
177,802,963.77 210,045,951.25
raising activity
Net cash flow arising from
219,097,036.23 176,954,048.75
fund-raising activities
IV. Influence from change of
exchange rate upon cash and cash
equivalents
V. Net increase of cash and cash
37,396,122.54 17,845,142.27
equivalents
Plus: Opening balance of cash
51,372,778.02 49,327,161.12
and cash equivalents
VI. Ending balance of cash and cash
88,768,900.56 67,172,303.39
equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Li Dehua
Manager of the Accounting Dept: Hu Xinglong
II. Auditors’ Report
Has the 1st Quarterly Report been audited?
□ Yes √No
26
