FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
FIYTA Holdings Ltd.
2015 1st Quarterly Report, Text
April, 2015
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
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 neither material omissions nor errors which would render any
statement misleading.
All the directors attended the board meeting for reviewing the quarterly report
Mr. Xu Dongsheng, the Company leader, Mr. Hu Xinglong, chief financial officer, and
Mr. Hu Xinglong, the manager of the accounting department (treasurer) hereby
confirm the authenticity and completeness of the financial report enclosed in this
quarterly report.
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
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.
No
Increase/decrease in the
Same period of the previous reporting period vs the
Reporting period
year corresponding period of the
previous year (%)
Revenues in CNY 894,056,260.25 821,633,324.62 8.81%
Net profit attributable to the Company’s
44,967,185.35 44,214,332.41 1.70%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring 44,409,083.60 42,765,447.98 3.84%
gains/losses, in CNY
Net cash flows arising from operating activities,
109,358,176.80 31,053,528.68 252.16%
in CNY
Basic earning per share (CNY/share) 0.114 0.113 0.88%
Diluted earning per share (CNY/share) 0.114 0.113 0.88%
Net assets-income ratio , weighted average,
2.70% 2.84% -0.14%
(%)
Increase/decrease in the
End of the reporting period End of the previous year reporting period vs the end of
the previous year (%)
Total assets, in CNY 3,937,180,930.97 3,657,781,647.20 7.64%
Net assets attributable to the Company’s
shareholders, in CNY 1,681,935,270.54 1,633,401,930.64 2.97%
Non-recurring gains/losses and the amount involved
In CNY
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
From year beginning to the end
Items Note:
of the reporting period
Gain/loss from disposal of partial
Gain/Loss from disposal of non-current assets (including the written-off
53,057.37 obsolete office fixed assets in the
part with provision for impairment of assets already)
reporting period
Government subsidy recognized in current gains and losses (excluding Governmental subsidy counted to
those closely related to the Company’s business and granted under the 653,451.99 the current gain and loss in the
state’s policies according to certain quota of amount or volume) reporting period.
Other various non-operating revenue
Income and expenses from the business other than the above items 21,445.01
and expenditure
Less: Amount affecting the income tax 169,852.62
Amount affecting the minority shareholders’ equity (after tax) 0.00
Total 558,101.75 --
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
In the reporting period there existed no such case of defining recurring gains and losses as non-recurring gains and
losses as defined and illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies
Offering their Securities to the Public – Non-recurring Gains and Losses
II. Total Shareholders at the End of the Reporting Period and Shareholding of the Top
Ten Shareholders
1. About Total Common Stockholders and the Shares Held by Top Ten Common Stockholders
In Shares
Total common stockholders at the end
24,949
of the reporting period
Shareholding of the top 10 common stockholders
Pledging or freezing
Number of shares
Names of Shareholding Number of shares with trading limited
Nature Status of the
Shareholders proportion (%) held conditions held Number
shares
AVIC International State-owned 41.49% 162,977,327 0
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Holdings Limited corporate
China Merchants Domestic non-state
2.03% 7,970,387 0
Securities Co., Ltd. corporate
China International
Domestic non-state
Capital Corporation 1.30% 5,117,502 0
corporate
Limited
Penghua Asset -
SPDB－ Penghua
Assets Gaolan Domestic non-state
1.18% 4,650,306 0
Investment Jinrun corporate
No. 17 Assets
Management Plan
Penghua Assets –
Industrial Bank –
Domestic non-state
Jinrun No. 16 1.08% 4,237,240 0
corporate
Assets
Management Plan
Guangfa Securities Domestic non-state
0.92% 3,624,070 0
Co., Ltd. corporate
Yunnan
International Trust
Co., Ltd. – Golden Domestic non-state
0.89% 3,484,780 0
Monkey Securities corporate
Investment.
Ruiyuan
Domestic natural
Xu Liusheng 0.71% 2,788,420 0
person
China Merchants
Securities Hong Foreign corporate 0.64% 2,510,591 0
Kong Limited
ESSENCE
INTERNATIONAL
SECURITIES Foreign corporate 0.51% 2,000,000 0
(HONG KONG)
LIMITED
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of Share type
Shareholder’s Name
the reporting period Share type Quantity
AVIC International Holdings Limited 162,977,327 A-shares 162,977,327
China Merchants Securities Co., Ltd. 7,970,387 A-shares 7,970,387
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
China International Capital Corporation
5,117,502 A-shares 5,117,502
Limited
Penghua Asset - SPDB－ Penghua
Assets Gaolan Investment Jinrun No. 4,650,306 A-shares 4,650,306
17 Assets Management Plan
Penghua Assets – Industrial Bank –
4,237,240 A-shares 4,237,240
Jinrun No. 16 Assets Management Plan
Guangfa Securities Co., Ltd. 3,624,070 A-shares 3,624,070
Yunnan International Trust Co., Ltd. –
Golden Monkey Securities Investment. 3,484,780 A-shares 3,484,780
Ruiyuan
Xu Liusheng 2,788,420 A-shares 2,788,420
China Merchants Securities Hong Kong
2,510,591 B-shares 2,510,591
Limited
ESSENCE INTERNATIONAL
2,000,000 B-shares 2,000,000
SECURITIES (HONG KONG) LIMITED
Explanation on associated relationship Of the above shareholders, there existed no associated relationship between China Merchants
or concerted action of the above Securities Co., Ltd. and China Merchants Securities Hong Kong Limited and both of them are holding
shareholders 10,480,978 shares of the Company’s shares,which is 2.67% of the total shares.
Note to the top 10 common
stockholders involved in margin Inapplicable
financing & securities lending (if any)
Was any of the top 10 common stockholders or top 10 common stockholders of non-restricted shares involved in the
agreed repurchase trading during the reporting period
No
2．Total number of preferred stockholders and the shareholding of the top ten preferred
stockholders at the end of the reporting period
Inapplicable
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Section 3 Significant Events
I. Changes in the Principal Accounting Statement Items and Financial Indicators and
the Causes
Items Ending balance Opening balance Proportion of Causes
in CNY In CNY the change
Monetary capital 281,835,287.99 116,455,070.54 142.01% Increase of the cash flow-in from
operation activities and increase of
flow-in of bank loans
Accounts 466,398,300.47 351,276,905.53 32.77% With Increase of sales, partial
receivable receivables have not been settled
within the due period.
Other current 7,517,304.60 14,421,516.43 -47.87% The input VAT to be offset at the
assets beginning of the reporting period has
been offset during the reporting
period.
Construction-in-p 82,740,429.76 51,389,263.53 61.01% Investment in the construction of the
rogress watch industrial base project at
Guangming New Zone in the
reporting period.
Other 0 31,500,000.00 - In the reporting period, the parking
non-current building project of Shenyang 1928
assets Mansion has been accepted upon
inspection and the prepaid project
fund has been transferred to the
fixed asset for accounting
Advance receipt 23,987,632.31 12,087,368.17 98.45% The loan received in advance from
the customers has increased in the
reporting period
Payroll payable 13,143,867.43 38,648,432.41 -65.99% Year-end bonus payable to
employees in 2014 has been paid in
the reporting period.
Tax payable 110,745,067.73 77,602,770.06 42.71% The VAT payable at the end of the
reporting period increased.
Interest payable 4,946,258.00 19,420,893.75 -74.53% The second phase interest of the
corporate bonds in the reporting
period amounting to CNY 21.60
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
million.
Other payables 42,457,635.07 188,574,900.45 -77.49% The borrowings repaid to AVIC
International Holdings in the
reporting period amounting to
CNY150 million.
Other current 13,298,917.61 5,482,521.27 142.57% Accrued expenses at the end of the
liabilities reporting period increased over the
beginning of the reporting period.
II. Progress of Significant Events, their Influences and the Solutions
Inapplicable
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)
Commitment
Commitments Promiser Description Commitment term Implementation
time
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
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
The Company
commits that in case
it is predicted that
the Company may
be unable to duly
pay the principal and
interest of the bond
or fail to duly pay the
principal and interest
of the bond when it Deadline of the
is due, the Company bonds (The valid
shall at least take the term of the bonds
following measures: is 5 years attached
1. not profit with the investors’
AVIC distribution to the option of selling
Internation shareholders shall back, the In process of
February 27,
Commitment made at IPO or re-financing al be conducted. 2. Company’s option impementatio
2013
Holdings implementation of of redemption and n
Limited any capital option of
expenditure projects, up-regulation of
such as material the nominal
external investment, interest rate at the
acquisition and end of the 3rd
merger, etc. shall be year).
suspended. 3.
salaries and bonus
to the directors and
senior executives
shall be adjusted
down or suspended.
4. None of the key
officers may be
transferred out.
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 (if any)
IV. Prediction of the Operation Performances from January to June 2015
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Inapplicable
V. Investment in Securities
Inapplicable
VI. Explanation on the Holding of the Equity in other Listed Company
Inapplicable
VII. Investment in Derivatives
Inapplicable
VIII. Statement of such activities as reception, research, communication, interview in
the reporting period
Inapplicable
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by Fiyta Holdings Ltd.
March 31, 2015
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 281,835,287.99 116,455,070.54
Settlement reserve
Lendings
Financial assets that are
measured at fair value and changes
in the value are charged to current
gain and loss.
Derivative financial assets
Notes receivable 6,873,709.20 6,162,768.29
Accounts receivable 466,398,300.47 351,276,905.53
Prepayment 29,602,821.35 43,054,642.06
Receivable premium
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Interest receivable
Dividends receivable
Other receivables 47,818,962.51 41,525,719.27
Redemptory monetary capital
for sale
Inventories 2,113,003,300.23 2,133,791,024.32
Held-for-sale assets as
classified
Non-current assets due within
a year
Other current assets 7,517,304.60 14,421,516.43
Total current assets 2,953,049,686.35 2,706,687,646.44
Non-current assets:
Provision of loans and
advance in cash
Available-for-sale financial
85,000.00 85,000.00
assets
Held-to-due investments
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Long term accounts receivable
Long-term equity investment 42,639,775.66 42,389,759.91
Investment based real estate 223,806,002.42 226,091,938.89
Fixed assets 365,034,864.15 323,732,870.58
Construction-in-process 82,740,429.76 51,389,263.53
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 35,309,508.44 35,502,525.72
Development expenses
Goodwill
Long-term expenses to be
139,892,191.68 149,733,566.03
apportioned
Deferred income tax asset 94,623,472.51 90,669,076.10
Other non-current assets 31,500,000.00
Total non-current assets 984,131,244.62 951,094,000.76
Total Assets 3,937,180,930.97 3,657,781,647.20
Current liabilities:
Short-term Loan 1,263,926,826.97 989,445,000.00
Due to the Central Bank
Deposits taking and
interbank placement
Borrowing capital
Financial liabilities measured
based on the fair value and whose
change was charged to the current
gain and loss.
Derivative financial liabilities
Notes payable
Accounts payable 205,872,784.85 147,119,118.81
Advance receipts 23,987,632.31 12,087,368.17
Financial assets sold for
repurchase
Service charge and
commission payable
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Accrued payroll 13,143,867.43 38,648,432.41
Payable taxes 110,745,067.73 77,602,770.06
Interest payable 4,946,258.00 19,420,893.75
Dividends payable
Other payables 42,457,635.07 188,574,900.45
Payable reinsurance
Reserve for insurance contract
Acting trading securities
Income from securities
underwriting on commission
Held-for-purchase liabilities as
classified
Non-current liabilities due
within a year
Other current liabilities 13,298,917.61 5,482,521.27
Total current liabilities 1,678,378,989.97 1,478,381,004.92
Non-current liabilities:
Long-term Loan 170,399,470.60 139,952,425.65
Bonds payable 399,030,681.18 398,767,929.40
Including: preferred shares
Perpetual bond
Long-term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
Deferred income 4,200,000.00 4,200,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 573,630,151.78 542,920,355.05
Total Liabilities 2,252,009,141.75 2,021,301,359.97
Owner’s equity:
Capital Stock 392,767,870.00 392,767,870.00
Other equity instruments
Including: preferred shares
Perpetual bond
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Capital Reserve 525,508,281.60 525,508,281.60
Less: shares in stock
Other comprehensive income -14,043,110.67 -17,609,265.22
Special reserve
Surplus Reserve 165,915,466.89 165,915,466.89
Reserve against general risks
Retained earnings 611,786,762.72 566,819,577.37
Total owners’ equity attributable to
1,681,935,270.54 1,633,401,930.64
the parent company
Minority shareholders’ equity 3,236,518.68 3,078,356.59
Total owner’s equity 1,685,171,789.22 1,636,480,287.23
Total liabilities and owners’ equity 3,937,180,930.97 3,657,781,647.20
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
2. Balance Sheet (Parent Company)
in CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 96,036,839.29 37,060,566.79
Financial assets that are
measured at fair value and changes
in the value are charged to current
gain and loss.
Derivative financial assets
Notes receivable
Accounts receivable 1,203,441.00 11,735,787.90
Prepayment
Interest receivable
Dividends receivable
Other receivables 1,573,668,850.70 1,524,513,111.66
Inventories
Held-for-sale assets as
classified
Non-current assets due within
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
a year
Other current assets 503,071.74
Total current assets 1,670,909,130.99 1,573,812,538.09
Non-current assets:
Available-for-sale financial
85,000.00 85,000.00
assets
Held-to-due investments
Long term accounts receivable
Long-term equity investment 773,439,495.66 773,189,479.91
Investment based real estate 223,806,002.42 226,091,938.89
Fixed assets 116,402,443.06 117,256,223.80
Construction-in-process 82,740,429.76 51,389,263.53
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 28,975,796.79 29,165,984.08
Development expenses
Goodwill
Long-term expenses to be
4,386,241.03 4,813,767.34
apportioned
Deferred income tax asset 1,198,606.77 1,198,606.77
Other non-current assets
Total non-current assets 1,231,034,015.49 1,203,190,264.32
Total Assets 2,901,943,146.48 2,777,002,802.41
Current liabilities:
Short-term Loan 943,000,000.00 683,000,000.00
Financial liabilities measured
based on the fair value and whose
change was charged to the current
gain and loss.
Derivative financial liabilities
Notes payable
Accounts payable 211,339.76 211,339.76
Advance receipts 3,102,394.45 3,484,435.98
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Accrued payroll 3,031,854.46 10,307,200.18
Payable taxes 3,700,730.85 3,505,501.05
Interest payable 4,535,079.92 18,139,997.63
Dividends payable
Other payables 15,396,878.32 165,507,426.74
Held-for-purchase liabilities as
classified
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 972,978,277.76 884,155,901.34
Non-current liabilities:
Long-term Loan 45,361,928.00 15,361,928.00
Bonds payable 399,030,681.18 398,767,929.40
Including: preferred shares
Perpetual bond
Long-term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
Deferred income 4,200,000.00 4,200,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 448,592,609.18 418,329,857.40
Total Liabilities 1,421,570,886.94 1,302,485,758.74
Owner’s equity:
Capital Stock 392,767,870.00 392,767,870.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 531,163,822.70 531,163,822.70
Less: shares in stock
Other comprehensive income
Special reserve
Surplus Reserve 165,915,466.89 165,915,466.89
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Retained earnings 390,525,099.95 384,669,884.08
Total owner’s equity 1,480,372,259.54 1,474,517,043.67
Total liabilities and owners’ equity 2,901,943,146.48 2,777,002,802.41
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
3. Consolidated Statement of Profit
in CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 894,056,260.25 821,633,324.62
Including: operating income 894,056,260.25 821,633,324.62
Interest income
Earned insurance
premium
Service charge and
commission income
II. Total operating costs 837,258,434.93 768,987,329.63
Including: Operating costs 563,175,281.33 520,359,706.47
Interest payment
Service charge and
commission expenses
Surrender Value
Compensation expenses,
net
Provision of reserve for
insurance contract, net
Payment of policy
dividend
Reinsurance expenses
Business Taxes and
6,120,684.92 4,156,474.04
Surcharges
Sales costs 200,820,706.69 176,298,576.57
Administrative expenses 41,435,305.05 41,325,302.92
Financial expenses 26,193,116.46 26,874,519.63
Loss from impairment of
-486,659.52 -27,250.00
assets
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Plus: Income from change in fair
value (loss stated with “-“)
Investment return (loss
250,015.75
stated with “-“)
Including: return on
investment in associate and joint 250,015.75
venture
Exchange income (loss
stated with “-“)
III. Profit from businesses (loss stated
57,047,841.07 52,645,994.99
with “-”)
Plus: Non-operating income 748,983.71 1,928,542.34
Including: Gains from
69,750.00 35,185.68
disposal of non-current assets
Less: Non-operating expenses 21,029.34 50,952.59
Including: Loss from
16,692.63 1,154.97
disposal of non-current assets
IV. Total Profit (total loss stated with
57,775,795.44 54,523,584.74
“-“)
Less: Income tax expense 12,659,974.81 10,321,784.01
V. Net Profit (loss stated with “-“) 45,115,820.63 44,201,800.73
Net profit attributable to the
44,967,185.35 44,214,332.41
parent company’s owner
Minority shareholders’ gain and
148,635.28 -12,531.68
loss
VI. Net of other comprehensive
3,575,681.36 315,084.44
income after tax
Net of other comprehensive
income after tax attributable to the 3,566,154.55 314,890.63
parent company’s owner
(I) Other comprehensive income
which cannot be re-classified into the
gain and loss
1. Movement of the net
liabilities and net assets re-measured
for setting the beneficial plan
2. Share enjoyable in the
other comprehensive income in which
the investee cannot be re-classified
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
into the gain and loss under the equity
method
(II) Other comprehensive
income which cannot be re-classified 3,566,154.55 314,890.63
into the gain and loss in future
1. Share enjoyable in the
other comprehensive income in which
the investee cannot be re-classified
into the gain and loss under the equity
method in future
2. Gain/loss from change
in the fair value of the financial assets
available for sale
3. Gain/loss from which
the held-to-maturity investment is
re-classified as available-for-sale
financial ssets
4. Valid part of the
gain/loss from cash flow hedge
5. Conversion margin of
the financial statements in foreign 3,566,154.55 314,890.63
currency
6. Others
Net amount of other
comprehensive income after tax 9,526.81 193.81
attributable to minority shareholders
VII. Total comprehensive income 48,691,501.99 44,516,885.17
Total comprehensive income
attributable to the parent company’s 48,533,339.90 44,529,223.04
owner
Total comprehensive income
158,162.09 -12,337.87
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.114 0.113
(II) Diluted earnings per share 0.114 0.113
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
4. Income Statement, Parent Company
in CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Operating income 22,727,222.97 22,061,761.38
Less: Operating cost 3,137,183.21 3,294,857.83
Business Taxes and
1,190,476.40 1,304,856.52
Surcharges
Sales costs
Administrative expenses 11,616,774.75 10,586,721.37
Financial expenses 267,323.62 2,182,804.40
Loss from impairment of
-503,603.10 -21,500.00
assets
Plus: Income from change in
fair value (loss stated with “-“)
Investment return (loss
250,015.75
stated with “-“)
Including: return on
investment in associate and joint 250,015.75
venture
II. Operation profit (loss stated with
7,269,083.84 4,714,021.26
“-“)
Plus: Non-operating income 124,000.00 637,378.18
Including: Gains from
25,457.85
disposal of non-current assets
Less: Non-operating expenses 14,678.42
Including: Loss from
14,678.42
disposal of non-current assets
III. Total Profit (total loss stated with
7,378,405.42 5,351,399.44
“-“)
Less: Income tax expense 1,523,189.55 1,342,374.96
IV. Net profit ( net loss is stated with
5,855,215.87 4,009,024.48
“-“)
V. Net of other comprehensive
income after tax
(I) Other comprehensive
income which cannot be
re-classified into the gain and loss
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
1. Movement of the net
liabilities and net assets
re-measured for setting the
beneficial plan
2. Share enjoyable in
the other comprehensive income in
which the investee cannot be
re-classified into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
re-classified into the gain and loss in
future
1. Share enjoyable in
the other comprehensive income in
which the investee cannot be
re-classified into the gain and loss
under the equity method in future
2. Gain/loss from
change in the fair value of the
financial assets available for sale
3. Gain/loss from which
the held-to-maturity investment is
re-classified as available-for-sale
financial ssets
4. Valid part of the
gain/loss from cash flow hedge
5. Conversion margin of
the financial statements in foreign
currency
6. Others
VI. Total comprehensive income 5,855,215.87 4,009,024.48
VII. Earnings per share:
(I) Basic earnings per share 0.015 0.010
(II) Diluted earnings per share 0.015 0.010
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
21
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
5. Consolidated Cash Flow Statement
in CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Cash flows arising from operating
activities
Cash received from sales of
927,626,429.62 884,948,357.47
goods and supply of labor service
Net increase of the customers’
deposits and interbank placement
Net increase of borrowings
from the central bank
Net increase of borrowings
from other financial institutions
Cash received from the
premium of the original insurance
contract
Net cash received from the
reinsurance business
Net increase of the reserve
from policy holders and investment
Net increase of the financial
assets that are measured at fair
value and whose movement is
counted to the current gain and
loss.
Charge of cash interest,
service charge and commission
Net increase of loan from
other banks
Net increase of fund from
repurchase business
Rebated taxes received
Cash received from other
5,051,693.10 9,150,327.51
operating activities
Sub-total of cash flow received from
932,678,122.72 894,098,684.98
operation activities
Cash paid for purchase of
543,878,033.22 633,931,141.33
goods and reception of labor
22
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
services
Net increase of loans and
advances to the customers
Net increase of amounts due
from the central bank and other
banks
Cash from payment for
settlement of the original insurance
contract
Cash for payment of interest,
service charge and commission
Cash for payment of policy
dividend
Cash paid to and for
143,339,112.23 121,569,156.17
employees
Taxes paid 46,881,750.25 26,556,443.68
Cash paid for other operating
89,221,050.22 80,988,415.12
activities
Subtotal of cash flow paid for
823,319,945.92 863,045,156.30
operating activities
Net cash flow arising from operating
109,358,176.80 31,053,528.68
activities
II. Cash flows arising from investing
activities:
Cash received from
1,400,000.81
investment recovery
Cash received from return on
investment
Net cash received from
disposal of fixed assets, intangible 180,800.00 1,496.04
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Sub-total of cash flow-in received
180,800.00 1,401,496.85
from investing activities
Cash paid for purchase and 60,393,228.82 45,434,965.95
23
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
construction of fixed assets,
intangible assets and other long
term assets
Cash paid for investment
Net increase of the pledged
loan
Net cash paid for acquisition
of subsidiaries and other operation
units
Cash paid for other
investment related activities
Sub-total of cash flow paid for
60,393,228.82 45,434,965.95
investment activities
Net cash flow arising from
-60,212,428.82 -44,033,469.10
investment activities
III. Cash flows arising from
financing activities:
Cash received from absorbing
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 724,334,150.66 584,310,000.00
Cash received from bond
issuing
Cash received from other
financing activities
Sub-total cash flow received from
724,334,150.66 584,310,000.00
financing activities
Cash paid for debt repayment 420,112,700.75 440,117,434.22
Cash paid for dividend/profit
37,818,557.57 38,831,155.33
distribution or repayment of interest
Including: Dividend and profit
paid by the subsidiaries to minority
shareholders
Cash paid for other financing
150,421,008.00 751,008.00
activities
Sub-total cash flow paid for
608,352,266.32 479,699,597.55
financing activities
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
Net cash flow arising from financing
115,981,884.34 104,610,402.45
activities
IV. Change of exchange rate
influencing the cash and cash 252,585.13 148,730.19
equivalent
V. Net increase of cash and cash
165,380,217.45 91,779,192.22
equivalents
Plus: Opening balance of
114,880,070.54 107,663,110.74
cash and cash equivalents
VI. Ending balance of cash and
280,260,287.99 199,442,302.96
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
6. Parent Company’s Cash Flow Statement
in CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Cash flows arising from operating
activities
Cash received from sales of
31,984,503.43 24,284,508.27
goods and supply of labor service
Rebated taxes received
Cash received from other
1,008,342.77 104,824,603.60
operating activities
Sub-total of cash flow received from
32,992,846.20 129,109,111.87
operation activities
Cash paid for purchase of
goods and reception of labor
services
Cash paid to and for
19,274,568.28 14,481,604.56
employees
Taxes paid 2,332,731.40 2,246,223.92
Cash paid for other operating
28,044,499.05 3,872,596.27
activities
Subtotal of cash flow paid for
49,651,798.73 20,600,424.75
operating activities
Net cash flow arising from operating -16,658,952.53 108,508,687.12
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FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
activities
II. Cash flows arising from investing
activities:
Cash received from
1,400,000.81
investment recovery
Cash received from return on
investment
Net cash received from
disposal of fixed assets, intangible 100,800.00
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Sub-total of cash flow-in received
100,800.00 1,400,000.81
from investing activities
Cash paid for purchase and
construction of fixed assets,
31,366,387.60 9,361,115.21
intangible assets and other long
term assets
Cash paid for investment
Net cash paid for acquisition
of subsidiaries and other operation
units
Cash paid for other
investment related activities
Sub-total of cash flow paid for
31,366,387.60 9,361,115.21
investment activities
Net cash flow arising from
-31,265,587.60 -7,961,114.40
investment activities
III. Cash flows arising from
financing activities:
Cash received from absorbing
investment
Cash received from loans 650,000,000.00 335,000,000.00
Cash received from bond
issuing
Cash received from other
26
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
financing activities
Sub-total cash flow received from
650,000,000.00 335,000,000.00
financing activities
Cash paid for debt repayment 360,000,000.00 340,000,000.00
Cash paid for dividend/profit
32,678,179.37 34,261,913.03
distribution or repayment of interest
Cash paid for other financing
150,421,008.00 751,008.00
activities
Sub-total cash flow paid for
543,099,187.37 375,012,921.03
financing activities
Net cash flow arising from financing
106,900,812.63 -40,012,921.03
activities
IV. Change of exchange rate
influencing the cash and cash
equivalent
V. Net increase of cash and cash
58,976,272.50 60,534,651.69
equivalents
Plus: Opening balance of
35,485,566.79 27,929,968.24
cash and cash equivalents
VI. Ending balance of cash and
94,461,839.29 88,464,619.93
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
II. Auditors’ Report
Has the First Quarterly Report been audited?
No
27
