RD
FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
FIYTA HOLDINGS LTD.
2014 3RD QUARTERLY REPORT
October 10, 2014
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FIYTA HOLDINGS LTD. 2014 3 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.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr. Lai Weixuan, the head of the Company, Mr. Hu Xinglong, chief financial officer and Mr. Hu Xinglong,
the person in charge of the accounting department (the person in charge of the accounting) hereby
confirm the authenticity, accuracy and completeness of the financial report enclosed in the Quarterly
Report.
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Section 2 Financial Highlights and Change of Shareholders
I. Financial Data Summary
Have the accounting data of the previous year undergone retroactive adjustment or restatement due to the change of
accounting policy and/or correction of accounting errors, etc.
√Yes □ No
Increase/decrease at the
end of the reporting period
End of the previous year
End of the reporting vs the end of the previous
period year (%)
Before After
After adjustment
adjustment adjustment
3,558,702, 3,558,702,
Total assets, in CNY 3,726,071,746.64 4.70%
591.28 591.28
Net assets attributable to the
Company’s shareholders, in 1,536,434, 1,536,434,
1,626,633,778.92 5.87%
CNY 684.56 684.56
Increase/decrease Increase/decrease
in the reporting Year beginning to at the year
Reporting Period period vs the the end of the beginning vs the
same period of the reporting period end of the reporting
previous year (%) period
Revenues in CNY 848,840,097.66 3.48% 2,491,454,888.63 6.99%
Net profit attributable to the
Company’s shareholders, in 38,765,648.21 8.61% 127,049,521.31 21.24%
CNY
Net profit attributable to the
Company’s shareholders less
38,452,376.89 9.22% 124,625,536.90 17.12%
the non-recurring
gains/losses, in CNY
Net cash flows arising from
-- -- 223,199,293.23 59.24%
operating activities, in CNY
Basic earning per share
0.099 8.79% 0.323 20.97%
(CNY/share)
Diluted earning per share
0.099 8.79% 0.323 20.97%
(CNY/share)
Net assets-income ratio ,
2.49% 3.75% 8.07% 13.98%
weighted average
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Non-recurring gains/losses and the amount involved
In CNY
From year beginning to
Items the end of the reporting Notes
period
Gain/loss from disposal of
Gain/Loss from disposal of non-current assets (including
partial obsolete office fixed
the written-off part with provision for impairment of assets -52,838.97
assets in the reporting
already)
period
Government subsidy recognized in current gains and Government subsidy
losses (excluding those closely related to the Company’s counted to the current
1,736,500.00
business and granted under the state’s policies according gains/losses in the reporting
to certain quota of amount or volume) period
Non-operating revenue and expenditures other than the Other non-operating
1,315,925.18
above items revenue and expenditures
Amount influencing the income tax 575,601.80
Total 2,423,984.41 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information
Disclosure for Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring
gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
their Securities to the Public – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it
is necessary to explain the reason.
Inapplicable
II. Total Shareholders at the End of the Reporting Period and Shareholding of the Top
Ten Shareholders
1. Total Shareholders of Ordinary Shares at the End of the Reporting Period and Ordinary Shares
Held by the Top Ten Shareholders
In Shares
Total shareholders at the end of
26,770
the reporting period
Shareholding of the top 10 shareholders
Number of Pledging or freezing
shares held
Shareholding
Names of Number of with trading
Nature proportion Status of the
Shareholders shares held limited Number
(%) shares
conditions
AVIC International State-owned 41.49% 162,977,327 0
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Holdings Limited corporate
Bank of
Communications -
Domestic
Factoring
non-state 1.35% 5,309,655 0
Securities
corporate
Investment Fund
Industry Boom
GOLDEN
CHINA PLUS Foreign
0.87% 3,418,284 0
MASTER corporate
FUND
China Merchants
Foreign
Securities (HK) 0.84% 3,286,289 0
corporate
Co., Ltd.
Essence
International Foreign
0.79% 3,103,200 0
Securities (Hong corporate
Kong) Limited
National Social Domestic
Security Fund non-state 0.70% 2,748,541 0
415 Portfolio corporate
GREENWOOD
S CHINA
Foreign
ALPHA 0.68% 2,666,297 0
corporate
MASTER
FUND
China Everbright
Bank Limited by
Share Ltd - UBS Domestic
Investment non-state 0.64% 2,500,096 0
Securities corporate
Investment Fund
Industry Boom
Agricultural
Bank of China
– Fullgoal
Tianrui Domestic
Powerful non-state 0.58% 2,267,036 0
Region corporate
Selected Mixed
Open-end
Securities
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Investment
Fund
GUOTAI
JUNAN
Foreign
SECURITIES( 0.56% 2,186,801 0
corporate
HONGKONG)
LIMITED
Shareholding of the top 10 shareholders of unrestricted ordinary shares
Share type
Shareholder’s Name Quantity of unrestricted ordinary shares held Type of
Quantity
shares
AVIC International Holdings
162,977,327 A-shares 162,977,327
Limited
Bank of Communications -
Factoring Securities Investment 5,309,655 A-shares 5,309,655
Fund Industry Boom
GOLDEN CHINA PLUS
3,418,284 B-shares 3,418,284
MASTER FUND
China Merchants Securities (HK)
3,286,289 B-shares 3,286,289
Co., Ltd.
Essence International Securities
3,103,200 B-shares 3,103,200
(Hong Kong) Limited
National Social Security Fund
2,748,541 A-shares 2,748,541
415 Portfolio
GREENWOODS CHINA ALPHA
2,666,297 B-shares 2,666,297
MASTER FUND
China Everbright Bank Limited
by Share Ltd - UBS Investment
2,500,096 A-shares 2,500,096
Securities Investment Fund
Industry Boom
Agricultural Bank of China –
Fullgoal Tianrui Powerful Region
2,267,036 A-shares 2,267,036
Selected Mixed Open-end
Securities Investment Fund
GUOTAI JUNAN
SECURITIES(HONGKONG) 2,186,801 B-shares 2,186,801
LIMITED
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
of the above shareholders the Shareholder Equity Change of Listed Companies.
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Note to the top 10 shareholders
of unrestricted ordinary shares
Inapplicable
involved in margin financing &
securities lending (if any)
Did the top 10 shareholders of ordinary shares and the top 10 shareholders of unrestricted ordinary shares conduct
contractual repurchase securities trading in the reporting period?
Inapplicable
2. Total Shareholders of Preferred Stockholders at the End of the Reporting Period and
Shareholding of the Top Ten Preferred Stockholders
Inapplicable
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Section 3 Significant Events
I. Significant Changes in Principal Accounting Statement Items and Financial
Indicators and the Causes
(I) Influence of the revised accounting standards upon the Company’s consolidated statements
In accordance with the revised Accounting Standards for Enterprises No.2 - Long-term Equity Investments, in the
reporting period, the Company had no common control over or significant influence upon the investees and there was no
long term equity investment for which there was no quotation in the active market and whose fair value could not be
reliably measured. In accordance with the Accounting Standards for Enterprises No. 22 – Recognition and Measurement
of Financial Instruments, the long term equity investment was calculated as available-for-sale financial asset and
measured based on cost and retroactive adjustment was made for the amounts in the consolidated statement at the
beginning of the reporting period.
Specific adjustment of the amounts in the consolidated statement at the beginning of the reporting period is as follows:
Amount at the beginning Amount at the beginning
of the reporting period before the of the reporting period after the
adjustment adjustment
Investee’s Owner’s
Owner’s
name Available-fo Available-f equity
Long term equity Long term
r-sale or-sale attributabl
equity attributable equity
financial financial e to the
investment to the parent investment
assets assets parent
company
company
Xi’an
Tangcheng Co., 85,000.00 0 0 0 85,000.00 0
Ltd.
(II) Analysis on the Changes of the Items and Financial Indicators of the Major Accounting Statements
Items Ending balance Opening balance Changes Notes
a. The operational net cash flow-in
in the reporting period amounted
to CNY 223.20 million,
b.Cash payment for
acquisition/construction of fixed
asses, intangible assets and other
long term assets in the reporting
CNY152,290,0 CNY107,663,110.
monetary fund 41.45% period amounted to about CNY
74.81 74
91.76 million,
c. Investment for construction of
Guangming New Zone amounted
to about CNY 18.57 million,
d. The net cash flow-in of the
newly increased bank loan in the
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
reporting period was about CNY
50.43 million,
e. The total of the interest paid in
the reporting period and the
interest of the company bond in
the first year was about CNY
116.85 million.
constant growth of the overall
accounts CNY426,920,3 CNY324,457,339
31.58% sales size and relatively lagging
receivable 14.79 .19
behind of the interim settlement.
the shop refurbishment fee which
advance CNY30,838,80 CNY43,487,613.
-29.09% was partially paid in advance has
payment 0.55 07
been settled this year.
the input VAT which should be
the other CNY10,541,48 CNY30,811,991.0 offset at the beginning of the
-65.79%
current assets 7.72 7 reporting period was actually offset
in the reporting period.
the investment for construction of
the
CNY26,367,99 CNY6,608,187.5 the watch industrial base project at
construction-in 299.02%
4.89 5 Guangming New Zone in the
-progress
reporting period.
increase of the trade payment
advance CNY14,947,17 CNY9,667,278.3
54.62% from the customers in the
receipt 3.62 0
reporting period.
the Company replaced the bank
short-term loan with the
borrowings from AVIC
the other CNY231,702,8 CNY38,454,934.
502.53% International by CNY 150.00
payables 90.29 30
million and borrowed loan from
CATIC International Finance Co.,
Ltd. amounting to USD6.50 million.
other current CNY9,870,125. CNY4,924,394.2 the increase of the accrued
100.43%
liabilities 35 2 expenses in the current year.
the supplementation of the
working capital and increase of the
long-term CNY227,985,6 CNY173,274,950 special-purpose loan by CNY
25.88%
loans 82.56 .01 10.00 million for the Watch
Industrial Base Project at
Guangming New Zone.
II. Progress of Significant Events, their Influences and Analysis and Note to the
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Solutions
Inapplicable
III.The commitments of the Company or its shareholder holding over 5% of the
Company’s total shares in the reporting period or extending to the reporting period
from previous year(s)
Inapplicable
IV. Prediction of the Operation Performances of Year 2014
Inapplicable
V. Investment in Securities
Inapplicable
VI. Investment in Derivatives
Inapplicable
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
Great Wall Fund
Management Co.
Ltd. , Shenzhen
Brightstar Investment Development trend of the
Management Co., domestic luxury goods
Ltd., Lion Fund sector, some measures
Management Co., concerning the Company’s
Ltd., Haitong strategic development,
July 16, 2014 Company On-Site Survey Institutions Securities Assets brand construction, channel
Management Co., management in the past
Ltd., Dacheng Fund three years. Provision of
Management Co., the Company’s public
Ltd., Shenzhen brochures in 2014.
Runfan Investment
Co., Ltd., UBS
SDIC Fund
Management Co.,
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Ltd., Boshi Fund
Management Co.,
Ltd., Baoying Fund
Management
Co.,Ltd. , Pingan
Securities Co., Ltd.,
Shenzhen Minsen
Investment Co., Ltd.
Founder
Securities Co.,
Ltd., Shenzhen
Orient Harbor
Investment
Management Co., Development trend of the
Ltd., China Galaxy domestic luxury goods
Securities Co., Ltd., sector, some measures
Dacheng Fund concerning the Company’s
September 24, Management Co., strategic development,
Company On-Site Survey Institutions
2014 Ltd., China brand construction, channel
Investment Securities management in the past
Co., Ltd., Shenzhen three years. Provision of
Songyi Runbang the Company’s public
Investment Co., Ltd. brochures in 2014.
and Shanghai
Tongcheng
Assets
Management Co.,
Ltd.
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FIYTA HOLDINGS LTD. 2014 3 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 152,290,074.81 107,663,110.74
Settlement Reserve
Inter-bank lending
Financial assets which is
measured based on the fair value
and whose change is counted to
the current gain and loss
Notes receivable 6,233,800.00 7,100,000.00
Accounts receivable 426,920,314.79 324,457,339.19
Prepayments 30,838,800.55 43,487,613.07
Insurance premium
receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable
Dividends receivable
Other receivables 48,667,246.08 40,436,640.10
Buying and selling back
financial assets
Inventories 2,133,356,762.35 2,123,342,820.93
Assets classified as that of
held-for-sale
Non-current assets due
within a year
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Other current assets 10,541,487.72 30,811,991.07
Total current assets 2,808,848,486.30 2,677,299,515.10
Non-Current Assets:
Disbursement of entrusted
loans and advances
Available-for-sale financial
85,000.00 85,000.00
assets
Held –to-maturity investment
Long-term accounts
receivable
Long-term equity investment 42,733,376.91 43,237,940.12
Investment based real estate 228,377,875.36 235,235,684.76
Fixed assets 321,546,770.50 306,888,964.31
Construction-in-process 26,367,994.89 6,608,187.55
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 35,772,873.36 36,168,611.72
Development expenses
Goodwill
Long-term expenses to be
142,704,413.67 146,542,685.58
apportioned
Deferred income tax asset 88,134,955.65 74,159,134.29
Other non-current assets 31,500,000.00 32,476,867.85
Total non-current assets 917,223,260.34 881,403,076.18
Total assets 3,726,071,746.64 3,558,702,591.28
Current liabilities:
Short-term borrowing 830,000,000.00 1,023,000,000.00
Borrowings from central
bank
Receipt of deposits and
deposits from other banks
Loans from other banks
Financial liabilities which are
measured based on the fair value
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
and whose change is counted to
the current gain and loss
Notes payable
Accounts payable 224,882,732.40 222,347,620.47
Advance receipts 14,947,173.62 9,667,278.30
Funds from selling out and
repurchasing financial assets
Service charge and
commission payable
Salaries payable to the
19,531,680.89 31,173,812.15
employees
Taxes payable 84,132,387.55 57,628,175.26
Interest payable 13,336,315.70 19,422,859.82
Dividends payable
Other payables 231,702,890.29 38,454,934.30
Reinsurance payable
Insurance contract reserve
Funds from securities
trading agency
Funds from underwriting
securities agency
Liabilities classified as that of
held-for-sale
Non-current liabilities due
39,695,000.00 39,310,000.00
within a year
Other current liabilities 9,870,125.35 4,924,394.22
Total current liabilities 1,468,098,305.80 1,445,929,074.52
Non-Current Liabilities:
Long term borrowings 227,985,682.56 173,274,950.01
Bonds payable 398,505,981.58 397,728,975.00
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability
Other non-current liabilities 3,430,000.00 2,950,000.00
Total non-current liabilities 629,921,664.14 573,953,925.01
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Total liabilities 2,098,019,969.94 2,019,882,999.53
Owners’ equity (or shareholders’
equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00
stock)
Capital reserve 525,508,211.79 525,506,952.78
Less: shares in stock
Special reserve
Surplus reserve 156,714,094.20 156,714,094.20
Generic risk reserve
Retained earnings 557,479,334.98 469,706,600.67
Foreign Currency Capital -5,835,732.05 -8,260,833.09
Total owner’s equity attributable to
1,626,633,778.92 1,536,434,684.56
the parent company
Minority equity 1,417,997.78 2,384,907.19
Owners’ equity (or shareholders’
1,628,051,776.70 1,538,819,591.75
equity)
Total liabilities and owners’ equity
3,726,071,746.64 3,558,702,591.28
(or shareholders’ equity)
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
2. Balance Sheet, Parent Company
Prepared by Fiyta Holdings Ltd.
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 26,809,592.63 27,929,968.24
Financial assets which are
measured based on fair value and
whose change is counted to the
current gain and loss
Notes receivable
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Accounts receivable 239,193,039.81
Prepayments
Interest receivable
Dividends receivable 9,860,144.49
Other receivables 1,632,539,054.34 1,337,631,334.01
Inventories
Assets classified as that of
held-for-sale
Non-current assets due
within a year
Other current assets 308,119.88
Total current assets 1,669,208,791.46 1,605,062,461.94
Non-Current Assets:
Available-for-sale financial
85,000.00 85,000.00
assets
Held –to-maturity investment
Long-term accounts
receivable
Long-term equity investment 773,533,096.91 775,437,660.12
Investment based real estate 228,377,875.36 235,235,684.76
Fixed assets 117,856,171.62 108,094,045.84
Construction-in-process 26,367,994.89 6,608,187.55
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 29,433,501.73 29,820,750.12
Development expenses
Goodwill
Long-term expenses to be
5,128,176.56 5,679,969.47
apportioned
Deferred income tax asset 775,806.46 775,806.46
Other non-current assets 10,976,867.85
Total non-current assets 1,181,557,623.53 1,172,713,972.17
Total assets 2,850,766,414.99 2,777,776,434.11
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Current liabilities:
Short-term borrowing 663,000,000.00 823,000,000.00
Financial liabilities which are
measured based on fair value and
whose change is counted to the
current gain and loss
Notes payable
Accounts payable 1,423,712.81 1,273,442.81
Advance receipts 1,908,301.85 1,368,593.44
Salaries payable to the
3,375,033.76 5,700,000.00
employees
Taxes payable 6,001,226.65 2,909,411.40
Interest payable 13,069,965.02 18,444,077.78
Dividends payable
Other payables 165,708,257.60 15,261,230.72
Liabilities classified as that of
held-for-sale
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 854,486,497.69 867,956,756.15
Non-Current Liabilities:
Long term borrowings 101,861,928.00 87,361,928.00
Bonds payable 398,505,981.58 397,728,975.00
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability
Other non-current liabilities 3,430,000.00 2,950,000.00
Total non-current liabilities 503,797,909.58 488,040,903.00
Total liabilities 1,358,284,407.27 1,355,997,659.15
Owners’ equity (or shareholders’
equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00
stock)
Capital reserve 531,163,752.89 531,162,493.88
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Less: shares in stock
Special reserve
Surplus reserve 156,714,094.20 156,714,094.20
Generic risk reserve
Retained earnings 411,836,290.63 341,134,316.88
Foreign Currency Capital
Owners’ equity (or shareholders’
1,492,482,007.72 1,421,778,774.96
equity)
Total liabilities and owners’ equity
2,850,766,414.99 2,777,776,434.11
(or shareholders’ equity)
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
3. Consolidated Profit Statement of the Reporting Period
Prepared by Fiyta Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Gross Revenue 848,840,097.66 820,332,993.90
Including: revenue 848,840,097.66 820,332,993.90
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 802,612,994.57 774,975,862.76
Including: operating costs 538,744,992.26 533,805,232.73
Interest payment
Service charge and
commission payment
Refunded premiums
Compensation
pay-out, net
Net amount of
reserves for reinsurance contract
Policy dividend
payment
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Reinsurance
expenses
Business taxes and
6,801,537.77 6,225,551.59
surcharge
Sales costs 183,433,057.62 165,283,534.28
Administrative
46,388,346.56 43,592,235.02
expenses
Financial expenses 27,057,229.46 26,089,252.66
Loss from impairment
187,830.90 -19,943.52
of assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income
40,309.27
(loss is stated with “-“)
Including: income
from investment in associates and 40,309.27
joint ventures
Exchange income
(loss is stated with “-“)
III. Operating Profit (loss is stated
46,227,103.09 45,397,440.41
with “-“)
Plus: Non-operating income 529,067.52 1,186,094.30
Less: Non-operating
168,823.00 540,864.82
expenses
Including: Loss from
59,547.54 64.00
disposal of non-current assets
IV. Total profit (total loss is stated
46,587,347.61 46,042,669.89
with “-”)
Less: Income tax expense 7,497,224.00 10,465,419.98
V. Net Profit (net loss is stated with
39,090,123.61 35,577,249.91
“-“)
Including: The
consolidatee’s net profit of realized
before the consolidation
Net profit attributable to the
38,765,648.21 35,691,788.41
parent company’s owner
Minority shareholders’
324,475.40 -114,538.50
gain/loss
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
VI. Earnings per share: -- --
(I) Basic earnings per share 0.099 0.091
(II) Diluted earnings per
0.099 0.091
share
VII. Other comprehensive income 170,490.57 1,141,916.94
Where: the other comprehensive
income items which cannot be
reclassified in the gain and loss in
the subsequent fiscal period
Other comprehensive gain
and loss items which shall be
reclassified in the gain and loss
170,490.57 1,141,916.94
when they satisfy the specified
conditions in the subsequent fiscal
period
VIII. Total comprehensive income 39,260,614.18 36,719,166.85
Total comprehensive income
attributable to the owner of the 38,934,557.58 36,832,650.49
parent company
Total comprehensive income
attributable to minority 326,056.60 -113,483.64
shareholders
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
4. Profit Statement of the Reporting Period, Parent Company
Prepared by Fiyta Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Revenue 20,672,145.67 29,486,566.23
Less: Business costs 3,192,125.13 10,725,103.31
Business taxes and
1,199,186.19 1,295,178.41
surcharge
Sales costs 1,677,558.97
Administrative
11,420,921.93 11,287,692.20
expenses
Financial expenses -306,105.46 2,903,876.84
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Loss from impairment of
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
40,309.27
is stated with “-“)
Including: return on
investment in associates and joint 40,309.27
ventures
II. Operating Profit (loss is stated
5,166,017.88 1,637,465.77
with “-“)
Plus: Non-operating income -63,000.00 1,169,960.82
Less: Non-operating
52,482.77 500,000.00
expenses
Including: Loss from
32,482.77
disposal of non-current assets
III. Total profit (total loss is stated
5,050,535.11 2,307,426.59
with “-“)
Less: Income tax expense 1,271,244.82 816,779.33
IV. Net Profit (net loss is stated
3,779,290.29 1,490,647.26
with “-“)
V. Earnings per share -- --
(I) Basic earnings per share 0.010 0.004
(II) Diluted earnings per
0.010 0.004
share
VI. Other comprehensive income
Where: the other comprehensive
income items which cannot be
reclassified in the gain and loss in
the subsequent fiscal period
Other comprehensive gain
and loss items which shall be
reclassified in the gain and loss
when they satisfy the specified
conditions in the subsequent fiscal
period
VII. Total comprehensive income 3,779,290.29 1,490,647.26
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
21
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Hu Xinglong
5. Consolidated 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. Gross Revenue 2,491,454,888.63 2,328,686,760.76
Including: revenue 2,491,454,888.63 2,328,686,760.76
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 2,342,405,735.91 2,201,785,410.65
Including: operating costs 1,576,805,702.03 1,504,674,899.37
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
17,116,254.81 15,824,371.16
surcharge
Sales costs 533,194,378.01 480,619,406.14
Administrative
131,240,538.95 121,816,218.76
expenses
Financial expenses 81,253,907.95 73,912,661.46
Loss from impairment
2,794,954.16 4,937,853.76
of assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income -504,563.21 148,750.00
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
(loss is stated with “-“)
Including: income
from investment in associates and -504,563.21 148,750.00
joint ventures
Exchange income
(loss is stated with “-“)
III. Operating Profit (loss is stated
148,544,589.51 127,050,100.11
with “-“)
Plus: Non-operating income 3,719,050.09 2,747,532.50
Less: Non-operating
719,463.88 787,051.03
expenses
Including: Loss from
90,594.16 27,379.73
disposal of non-current assets
IV. Total profit (total loss is stated
151,544,175.72 129,010,581.58
with “-”)
Less: Income tax expense 24,070,751.31 24,220,605.75
V. Net Profit (net loss is stated with
127,473,424.41 104,789,975.83
“-“)
Including: The
consolidatee’s net profit realized
before the consolidation
Net profit attributable to the
127,049,521.31 104,789,208.28
parent company’s owner
Minority shareholders’
423,903.10 767.55
gain/loss
VI. Earnings per share: -- --
(I) Basic earnings per share 0.323 0.267
(II) Diluted earnings per
0.323 0.267
share
VII. Other comprehensive income 2,434,288.53 -2,406,743.12
Where: the other comprehensive
income items which cannot be
reclassified in the gain and loss in
the subsequent fiscal period
Other comprehensive gain
and loss items which shall be
reclassified in the gain and loss 2,434,288.53 -2,406,743.12
when they satisfy the specified
conditions in the subsequent fiscal
23
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
period
VIII. Total comprehensive income 129,907,712.94 102,383,232.71
Total comprehensive income
attributable to the owner of the 129,474,622.35 102,396,133.42
parent company
Total comprehensive income
attributable to minority 433,090.59 -12,900.71
shareholders
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
6. Profit Statement from Year Beginning to the End of the Reporting Period, Parent Company
Prepared by Fiyta Holdings Ltd.
In CNY
Items Amount in the reporting period Amount in the previous period
I. Revenue 63,638,348.74 74,259,652.04
Less: Business costs 9,689,141.20 17,531,103.73
Business taxes and
3,635,978.14 4,321,718.46
surcharge
Sales costs 5,523,585.63
Administrative
34,078,330.75 32,450,408.38
expenses
Financial expenses 1,129,857.68 3,364,699.62
Loss from impairment of
-4,394.68 210,607.55
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
98,096,881.70 75,120,228.14
is stated with “-“)
Including: return on
investment in associates and joint -504,563.21 148,750.00
ventures
II. Operating Profit (loss is stated
113,206,317.35 85,977,756.81
with “-“)
Plus: Non-operating income 798,031.28 2,170,795.44
Less: Non-operating
202,482.77 680,000.00
expenses
24
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
Including: Loss from
32,482.77
disposal of non-current assets
III. Total profit (total loss is stated
113,801,865.86 87,468,552.25
with “-“)
Less: Income tax expense 3,823,105.11 3,214,395.78
IV. Net Profit (net loss is stated
109,978,760.75 84,254,156.47
with “-“)
V. Earnings per share -- --
(I) Basic earnings per share 0.280 0.215
(II) Diluted earnings per
0.280 0.215
share
VI. Other comprehensive income
Where: the other comprehensive
income items which cannot be
reclassified in the gain and loss in
the subsequent fiscal period
Other comprehensive gain
and loss items which shall be
reclassified in the gain and loss
when they satisfy the specified
conditions in the subsequent fiscal
period
VII. Total comprehensive income 109,978,760.75 84,254,156.47
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
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
2,738,548,888.14 2,525,213,280.51
goods and supply of labor
Net increase of customers’
deposit and due from banks
25
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
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
27,323,472.93 27,305,927.43
related cash receipts
Subtotal of cash flow in from
2,765,872,361.07 2,552,519,207.94
operating activity
Cash paid for purchase of
goods and reception of labor 1,791,523,107.29 1,735,951,264.18
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 331,642,712.75 291,952,406.85
Taxes paid 154,287,983.30 134,878,406.55
Other business related cash 265,219,264.50 249,574,783.44
26
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
payments
Subtotal of cash flow out from
2,542,673,067.84 2,412,356,861.02
operating activity
Net cash flow arising from
223,199,293.23 140,162,346.92
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,
6,231.04 681,662.51
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
6,231.04 681,662.51
investment activity
Cash paid for
construction/purchase of fixed
110,333,566.60 82,149,345.20
assets, intangible assets and other
long term assets
Cash paid for investment
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and other
operating units
Other investment related
cash payments
Subtotal of cash flow out from
110,333,566.60 82,149,345.20
investment activity
Net cash flow arising from
-110,327,335.56 -81,467,682.69
investment activities
III. Cash flows arising from fund
27
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
raising activities:
Cash received from
absorption of investment
Incl.: Cash received from
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from
1,111,311,527.15 1,411,242,441.63
borrowings
Cash received from bond
issuing
Other fund-raising related
1,259.01
cash receipts
Subtotal of cash flow in from fund
1,111,312,786.16 1,411,242,441.63
raising activity
Cash paid for liabilities
1,060,885,718.23 1,360,719,147.65
repayment
Cash paid for dividend/profit
distribution or repayment of 116,849,348.74 93,413,745.70
interest
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising related
2,295,383.00 1,702,986.00
cash payments
Subtotal of cash flow out from fund
1,180,030,449.97 1,455,835,879.35
raising activity
Net cash flow arising from
-68,717,663.81 -44,593,437.72
fund-raising activities
IV. Influence from change of
exchange rate upon cash and 472,670.21 -640,169.61
cash equivalents
V. Net increase of cash and cash
44,626,964.07 13,461,056.90
equivalents
Plus: Opening balance of
107,663,110.74 140,420,994.71
cash and cash equivalents
VI. Ending balance of cash and
152,290,074.81 153,882,051.61
cash equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
8. Cash Flow Statement from Year Beginning to the End of the Reporting Period, 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
304,278,335.75 68,908,634.11
goods and supply of labor
Rebated taxes received
Other operation activity
3,155,227.35 221,828,454.56
related cash receipts
Subtotal of cash flow in from
307,433,563.10 290,737,088.67
operating activity
Cash paid for purchase of
goods and reception of labor 5,318,017.56
services
Cash paid to and for staff 33,040,768.68 30,929,894.43
Taxes paid 5,812,634.45 12,156,114.65
Other business related cash
239,770,318.05 420,895,162.38
payments
Subtotal of cash flow out from
278,623,721.18 469,299,189.02
operating activity
Net cash flow arising from
28,809,841.92 -178,562,100.35
operating activities
II. Cash flows arising from
investment activities:
Cash received from recovery
1,400,000.00
of investment
Cash received from
88,741,300.42
investment income
Net amount of cash received
from disposal of fixed assets,
3,000.00 672,000.00
intangible assets and other long
term assets
Net cash received from
disposal of subsidiaries and other
29
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
operating units
Other investment related
cash receipts
Subtotal of cash flow in from
90,144,300.42 672,000.00
investment activity
Cash paid for
construction/purchase of fixed
22,365,762.49 7,309,977.32
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
22,365,762.49 7,309,977.32
investment activity
Net cash flow arising from
67,778,537.93 -6,637,977.32
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from
absorption of investment
Cash received from
715,000,000.00 1,066,900,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
1,259.01
cash receipts
Subtotal of cash flow in from fund
715,001,259.01 1,066,900,000.00
raising activity
Cash paid for liabilities
710,500,000.00 809,800,000.00
repayment
Cash paid for dividend/profit
distribution or repayment of 101,314,631.47 76,346,233.52
interest
Other fund-raising related
895,383.00 1,702,986.00
cash payments
Subtotal of cash flow out from fund 812,710,014.47 887,849,219.52
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FIYTA HOLDINGS LTD. 2014 3 QUARTERLY REPORT
raising activity
Net cash flow arising from
-97,708,755.46 179,050,780.48
fund-raising activities
IV. Influence from change of
exchange rate upon cash and
cash equivalents
V. Net increase of cash and cash
-1,120,375.61 -6,149,297.19
equivalents
Plus: Opening balance of
27,929,968.24 51,372,778.02
cash and cash equivalents
VI. Ending balance of cash and
26,809,592.63 45,223,480.83
cash equivalents
Legal Representative: Lai Weixuan Chief Financial Officer: Hu Xinglong Manager of the Accounting Department:
Hu Xinglong
II. Auditors’ Report
rd
Has the Company’s 3 Quarterly Report been audited
No
31