FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
FIYTA Precision Technology Co., Ltd.
2021 First Quarter Report
April, 2021
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full 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 Quarter Report.
Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of the
accounting department (treasurer) hereby confirm the authenticity and completeness of the financial report
enclosed in this Quarter Report.
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Section 2 Company Profile
I. Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year
No
Same period of the previous Year-on-year increase/decrease
Reporting period
year in the reporting period
Revenue in CNY 1,378,277,735.81 588,361,057.06 134.26%
Net profit attributable to the Company’s
118,222,042.23 -12,974,795.53 1,011.17%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring items, in 113,576,505.85 -13,738,773.72 926.69%
CNY
Net cash flows arising from operating activities,
28,711,219.83 -106,747,751.88 126.90%
in CNY
Basic earning per share (CNY/share) 0.2780 -0.0294 1,045.66%
Diluted earning per share (CNY/share) 0.2780 -0.0294 1,045.66%
Return on equity, weighted average 4.15% -0.49% 4.64%
Increase/decrease at the end of
End of the reporting period End of the previous year the year over the end of the
previous year
Total assets (in CNY) 4,412,065,471.64 4,018,712,700.18 9.79%
Net profit attributable to the Company’s
2,911,884,821.93 2,799,948,388.09 4.00%
shareholders, in CNY
Non-recurring gain/loss items and the amount involved
In CNY
Amount from year beginning to
Items Note
the end of the reporting period
Gain/loss from disposal of non-current assets, including the part written-
55,838.26
off with the provision for impairment of assets.
The government subsidies included in the profits and losses of the
current period ( (excluding government grants which are closely related
6,070,986.55
to the Company’s business and conform with the national standard
amount or quantity)
Other non-operating income and expenses other than the aforesaid
37,477.18
items
Less: Amount affected by the income tax 1,518,765.61
Total 4,645,536.38 --
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 number of shareholders and the statement of the shares held by the top 10 shareholders
1. Total number of the common shareholders and preferred shareholders whose voting rights are restored and
shares held by the top 10 shareholders
In shares
Total common shareholders at the end 28,331 Total preference shareholders with the 0
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
of the reporting period voting power recovered at the end of
the reporting period (if any)
Shareholding by top 10 shareholders
Number of the Pledging or freezing
Names of the Nature of the Shareholding Number of shares
restricted shares Status of the
Shareholders shareholder proportion held Quantity
held shares
AVIC International
State corporate 37.40% 162,977,327 0
Holding Limited
ICBC - Fuguo
Tianhui Selected
Domestic non-
Growth Hybrid
state-owned legal 2.75% 12,000,072 0
Securities
person
Investment Fund
(LOF)
Construction Bank
of China - Penghua Domestic non-
Huizhi Optimized state-owned legal 2.11% 9,211,000 0
Hybrid Securities person
Investment Fund
ICBC - Fuguo Hi-
Domestic non-
tech Industry
state-owned legal 1.80% 7,829,645 0
Hybrid Securities
person
Investment Fund
Construction Bank
of China - Penghua
Domestic non-
High Quality
state-owned legal 1.40% 6,103,406 0
Growth Hybrid
person
Securities
Investment Fund
Construction Bank
of China - Penghua
Domestic non-
Value Superiority
state-owned legal 1.13% 4,943,342 0
Hybrid Securities
person
Investment Fund
(LOF)
China Merchants
Bank Co., Ltd. -
Fuguo Sci-Tech
Innovation Theme Domestic non-
3-Year Sealed state-owned legal 0.68% 2,963,991 0
Operation Flexible person
Configuration
Hybrid Securities
Investment Fund
Construction Bank
of China - Penghua Domestic non-
Selected Growth state-owned legal 0.61% 2,645,834 0
Hybrid Securities person
Investment Fund
Bank of Domestic non-
0.54% 2,339,400 0
Communications - state-owned legal
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
CSCL High Quality person
Growth Securities
Investment Fund
China Construction
Bank Co., Ltd. -
Fuguo Sci-Tech Domestic non-
Innovation Flexible state-owned legal 0.53% 2,290,460 0
Configuration person
Hybrid Securities
Investment Fund
Shares held by top 10 shareholders of unrestricted shares
Share type
Names of the Shareholders Quantity of unrestricted shares held
Share type Quantity
CNY ordinary
AVIC International Holding Limited 162,977,327 162,977,327
shares
ICBC - Fuguo Tianhui Selected Growth
CNY ordinary
Hybrid Securities Investment Fund 12,000,072 12,000,072
shares
(LOF)
Construction Bank of China - Penghua
CNY ordinary
Huizhi Optimized Hybrid Securities 9,211,000 9,211,000
shares
Investment Fund
ICBC - Fuguo Hi-tech Industry Hybrid CNY ordinary
7,829,645 7,829,645
Securities Investment Fund shares
Construction Bank of China - Penghua
CNY ordinary
High Quality Growth Hybrid Securities 6,103,406 6,103,406
shares
Investment Fund
Construction Bank of China - Penghua
CNY ordinary
Value Superiority Hybrid Securities 4,943,342 4,943,342
shares
Investment Fund (LOF)
China Merchants Bank Co., Ltd. -
Fuguo Sci-Tech Innovation Theme 3-
CNY ordinary
Year Sealed Operation Flexible 2,963,991 2,963,991
shares
Configuration Hybrid Securities
Investment Fund
Construction Bank of China - Penghua
CNY ordinary
Selected Growth Hybrid Securities 2,645,834 2,645,834
shares
Investment Fund
Bank of Communications - CSCL High
CNY ordinary
Quality Growth Securities Investment 2,339,400 2,339,400
shares
Fund
China Construction Bank Co., Ltd. -
Fuguo Sci-Tech Innovation Flexible CNY ordinary
2,290,460 2,290,460
Configuration Hybrid Securities shares
Investment Fund
Explanation on associated relationship
or consistent action of the above Inapplicable
shareholders
Note to the top 10 shareholders
involved in margin financing & securities Inapplicable
lending (if any)
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual
repurchase during the reporting period?
No
2. Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders
Inapplicable
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Section 3 Significant Events
I. Financial Data Summary, Statement of Change in the Financial Indicators and the Causes during the Reporting
Period
(I) Items of assets and liabilities
Amount at the end
End of the previous Variation
Items of the reporting Cause of the movement
year proportion (%)
period
Mainly due to the increase in sales receivables collected
from the growth of the operation revenue, the net
Monetary capital 515,870,165.61 353,057,285.71 46.12% increase of the bank loans and the increase in
subscription payments received for the implementation of
the second phase of the equity incentive plan.
Mainly due to the influence from the implementation of the
Use right assets 150,191,634.60 0.00 100%
new standards for lease this year.
Deferred income tax Mainly due to the influence from the implementation of the
112,197,900.00 80,913,800.35 38.66%
asset new standards for lease this year.
Other non-current Mainly due to decrease of the advance payment for
5,216,861.24 13,536,307.13 -61.46%
assets refurbishment of shops.
Mainly due to the decrease in pre-collected rent from the
Advance receipts: 5,358,910.60 9,991,850.67 -46.37%
property lease business.
Payroll payable to the Mainly due to the decrease of the payment for the year-
78,191,053.79 132,853,462.20 -41.14%
employees end performance bonus during the reporting period.
Mainly due to the increase in repurchase obligations
Other payables 198,715,349.62 128,577,597.94 54.55% brought about by the implementation of the equity
incentive scheme phase II.
Mainly due to the influence of the unlocking of the equity
Dividends payable 1,069,368.55 1,639,513.77 -34.78% incentive scheme Phase II and payment of part of the
dividend.
Mainly due to the influence from the implementation of the
Lease liabilities 152,730,913.89 0.00 100%
new standards for lease in the current year.
Deferred income tax Mainly due to the influence from the implementation of the
40,474,373.69 3,067,834.55 1219.31%
liability new standards for lease in the current year.
Mainly due to the implementation of the equity incentive
Shares in stock 119,217,908.46 61,633,530.48 93.43%
scheme Phase II.
Other comprehensive Mainly due to the influence from the change of the
-6,373,398.65 976,871.41 -752.43%
income translation balance of foreign currency statements.
(II) Profit Statement Items
End of the Same period of the Variation
Items Cause of the movement
reporting period previous year proportion (%)
Mainly due to the growth of the Company's operating
Operating revenue 1,378,277,735.81 588,361,057.06 134.26%
performance.
Mainly due to the increase in taxes and dues brought
Taxes and surcharges 7,586,076.81 3,674,419.66 106.46%
about from the increase in operation revenue.
Mainly due to the corresponding increase in labor and
Sales costs 280,821,158.83 183,463,601.55 53.07% channel expenses resulted from growth of the operation
revenue.
Mainly due to the increase in R&D personnel and the
R&D expenses 13,209,007.18 9,810,864.52 34.64%
decrease in labor costs during the epidemic in the same
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
period last year.
Mainly due to the increase of the bank service charges
Financial expenses 10,191,937.77 7,521,614.69 35.50%
brought about from the increase in operation revenue.
Mainly due to the increase in government subsidies
Other income 6,070,986.55 742,609.63 717.52%
received.
Mainly due to the increase of gross profit margin brought
Total profit 151,948,990.88 -18,524,043.50 920.28%
about from the increase in operation revenue.
Mainly due to the increase of taxes and fees brought
Income tax expenses 33,706,891.38 -5,549,247.97 707.41%
about from the growth of total profit.
(III) Items of Cash Flow Statement
Items End of the Same period of the Variation Cause of the movement
reporting period previous year proportion (%)
Net cash flows arising
Mainly due to the increase of sales receivables collected
from operating 28,711,219.83 -106,747,751.88 126.90%
brought about from the increase in operation revenue.
activities
Net cash flow arising
Mainly due to increased investment in refurbishment of
from investment -45,193,639.61 -24,341,946.96 -85.66%
shops.
activities:
Mainly due to the net increase of the bank loans and the
Net cash flows arising
179,702,677.16 82,992,799.27 116.53% subscription payments received for the implementation of
from financial activities
the Equity Incentive Plan Phase II.
During the first quarter, the domestic mid-to-high-end watch consumption market experienced a continuous growth trend
following the second half of last year. According to the statistics of the Swiss Watch Industry FH, the cumulative value of
Swiss watch exports to China from January to February increased by 90.38% year-on-year, compared with the increase in
2019 which also reached 47.96%. The Company has always adhered to the concept of high-quality development,
continued to tamp basic management, consolidated core competitive advantages, seized market opportunities, and
cultivated new growth points. In the first quarter, the operating revenue reached CNY 1.378 billion, a year-on-year growth
of 134.26%, and greatly reversed the loss in total profit on year-on-year basis.
During the reporting period, the Company continued to focus on the goal of "value creation" and paid close attention to the
implementation of the work. Focusing on “brand power, product power, and channel power”, the Company continued to
strengthen its core competitive advantages. FIYTA Brand unit price per customer, sales discounts, and gross profit
margins continued to increase, series of new products such as MARS 500, Extremity and Heartstrings were successfully
launched, and entered shopping mall channels in an orderly way. The year-on-year revenue growth rate reached 58%; on
the basis of the continuous improvement of single store output, HARMONY World Watch Retail continued to promote
channel expansion. The number of mid-to-high-end channels and brands was further increased. At the same time, it
focused on Hainan offshore island tax-free opportunities to promote channel layout. Some duty-free channel projects have
been implemented and operation revenue continuously keeps rapid growth. The customer-centric digital operation system
has been further implemented, and the contribution to the sales from the potential customer transactions and repurchases
of regular customers has been further improved; the new customers of the precision technology business have expanded
smoothly, and the operation revenue has grown steadily; the technology reserve and product iteration of the smart
wearable business have been propelled in an accelerative way, and the year-on-year operation revenue has experienced
a big growth.
During the reporting period, the FIYTA brand was selected as one of the 7th "International Reputation Brands" and was
honorably listed in the "Shenzhen Gifts".
During the 14th Five-Year Plan period, China will accelerate the establishment of a “dual circulation” development pattern
in which domestic economic cycle plays a leading role while international economic cycle remains its extension and
supplement. The Company keeps optimistic about the growth prospects of the domestic watch consumer market in the
future, and shall actively seize the opportunities of the times, continue to strengthen its core competitive advantages, and
accelerate the channel layout and structural upgrade; stick to the original aspiration of development, implement the "Big
Country Brand" strategy, strengthen high-end precision technology innovation and R&D investment, accelerate self-
centered design and development and key watchmaking capabilities; continue to cultivate and promote the development
of precision technology and smart wearable businesses. The Company shall take multiple measures simultaneously to
enhance the comprehensive competitiveness of various businesses and continue to push the Company's overall operating
performance to a new level.
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
II. Analysis on and explanation of the progress of important issues and their impacts and solutions
1. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)
The 24th session of the Ninth Board of Directors held on December 29, 2020 reviewed and approved the Proposal on the
Release Conditions having been Satisfied for the First Release Period of 2018 Restricted A-Share Incentive Scheme
(Phase I). The 1.357641 million restricted shares (accounting for 0.3116% of the Company's total share capital) that could
be lifted this time were listed for trading on February 1, 2021. For the details please refer to the "Indicative Announcement
on the First Release of the Restricted Sales Period and the Listing of the Restricted Shares for Trading Involved in the
2018 Restricted A-Share Incentive Scheme (Phase I) 2021-012” disclosed in the Securities Times, Hong Kong
Commercial Daily and http://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partially Restricted Shares Involved in 2018 Restricted
A-Share Incentive Scheme (Phase I)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4,
2021 and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase and
cancel a total of 51,359 restricted A-shares that were granted with the restriction but not released to the one retired and
one deceased incentive objects in the 2018 Restricted A-Share Incentive Scheme (Phase I). For the details please refer to
the "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share
Incentive Scheme (Phase I) 2021-019” disclosed in the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
2. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)
The 23rd session of the Ninth Board of Directors held on December 4, 2020 and 2021 1st Extraordinary General Meeting
held on January 6, 2021 decided to start 2018 Restricted A-Share Incentive Scheme (Phase II) (Draft) and the summary,
which was later on reviewed and approved at the 25th session of the Ninth Board of Directors held on January 15, 2021,
and the Company eventually granted 7.66 million restrictive A-shares to 135 persons eligible for the incentive. This part of
restricted A-shares was all granted by January 15, 2021 and registered for listing by January 29, 2021. After the grant, the
Company's total share capital increased to 435,751,881 shares. For the details please refer to the "Announcement on
Completion of the Grant Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-011” disclosed in the
Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partial Restricted Shares Involved in 2018 Restricted
A-Share Incentive Scheme (Phase II)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4,
2021 and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase and
cancel a total of 150,000 restricted A-shares that were granted with the restriction but not released to the one retired
incentive object in the 2018 Restricted A-Share Incentive Scheme (Phase II). For the details please refer to the
"Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share
Incentive Scheme (Phase II) 2021-020” disclosed in the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
3. About the Change of Directors, Supervisors and Senior Executives
The 25th Session of the Ninth Board of Directors held on January 15, 2021, reviewed and approved the "Proposal on the
Appointment of the General Manager of the Company" and the "Proposal on the Appointment of the Secretary of the
Board of the Company” according to which Mr. Pan Bo was appointed as the General Manager, Mr. Chen Zhuo was
appointed as the Secretary of the Board with the tenure from the date of approval by the Board of Directors to the date of
ending of the Ninth Board of Directors. For the detail, please refer to the “Announcement on the Change of the Senior
Executives 2021-010” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
The 26th session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd Extraordinary
General Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Directors”
according to which Mr. Zhang Zhibiao, Mr. Xiao Yi, Mr. Li Peiyin and Mr. Pan Bo were elected non-independent directors of
the Ninth Board of Directors of the Company with the tenure from the date of the approval by the general meeting to the
date of expiry of the Ninth Board of Directors. For the detail, please refer to the “Announcement on the Proposed Change
of Directors 2021-017” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
The 23rd session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd Extraordinary
General Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Supervisors”
according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staff supervisors of the Ninth Supervisory
Committee the Company with the tenure from the date of the approval by the general meeting to the date of expiry of the
Ninth Supervisory Committee. For the detail, please refer to the “Announcement on the Proposed Change of Supervisors
2021-018” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and
http://www.cninfo.com.cn.
4. About the Amendment of the Articles of Association
The 26th session of the Ninth Board of Directors held on February 4, 2021 reviewed and approved the "Proposal on the
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Amendment of the Articles of Association" according to which the relevant articles of the Articles of Association concerning
the practical situation upon completion of the award based on 2018 Restricted A-Share Incentive Scheme (Phase II) have
been updated. For the detail, refer to the Proposal on the Amendment of the Articles of Association disclosed on the
Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
5. About the Change of Accounting Policies
The 27th session of the Ninth Board of Directors held on March 8, 2021 reviewed and approved the "Proposal on Change
in the Accounting Policies". According to the relevant provisions of the "Accounting Standards for Business Enterprises No.
21-Lease" revised by the Ministry of Finance, the Company shall implement the updated standards for lease commencing
from January 1, 2021. For the detail, please refer to the “Announcement on Change of the Accounting Policies 2021-030”
disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
Inquiry Index of the Website
Overview of the Significant Events Date of disclosure
Disclosing Interim Reports
Announcement on the Resolution of 2021 1st Extraordinary General Meeting,
January 07, 2021 www.cninfo.com.cn
2021-002
Announcement on the Change of the Senior Executives of the Company 2021-010 January 16, 2021 www.cninfo.com.cn
"Announcement on Completion of the Grant Involved in the 2018 Restricted A- www.cninfo.com.cn
January 28, 2021
Share Incentive Scheme (Phase II) 2021-011
"Indicative Announcement on the Listing of the Restricted Shares for Trading www.cninfo.com.cn
Released in the First Release Period Involved in the 2018 Restricted A-share January 29, 2021
Incentive Scheme (Phase I) 2021-012”
Announcement on the Proposed Change of Directors 2021-017 February 05, 2021 www.cninfo.com.cn
Announcement on the Proposed Change of Supervisors 2021-018 February 05, 2021 www.cninfo.com.cn
"Announcement on Repurchase and Cancellation of Partial Restricted Shares www.cninfo.com.cn
February 05, 2021
Involved in the 2018 Restricted A-Share Incentive Scheme (Phase I) 2021-019”
"Announcement on Repurchase and Cancellation of Partial Restricted Shares www.cninfo.com.cn
February 05, 2021
Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-020”
Proposal on the Amendment of the Articles of Association February 05, 2021 www.cninfo.com.cn
Announcement on the Resolution of 2021 2nd Extraordinary General Meeting, www.cninfo.com.cn
February 25, 2021
2021-023
Announcement on the Change of Accounting Policies 2021-030 March 10, 2021 www.cninfo.com.cn
Progress of implementation of the stock repurchase
The 19th Session of the Ninth Board of Directors held on July 6, 2020 and 2020 2nd Extraordinary General Meeting held
on July 23, 2020 reviewed and approved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B-
Shares)”, and subsequently disclosed the repurchase report and a series of progress announcements in accordance with
relevant regulations. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong
Commercial Daily and http://www.cninfo.com.cn.
Ended the reporting period, the Company accumulatively repurchased 8,994,086 shares in the Company through a
centralized bidding method with the special account for the securities repurchased, accounting for 2.06% of the
Company’s total share capital. The highest transaction price of the repurchased shares was HK$6.74 per share, and the
lowest transaction price was HK$5.93/share, the total amount paid was HK$ 58,207,259.08 (with the stamp duty,
commission and other transaction costs exclusive). The repurchase activity complies with the requirements of relevant
laws and regulations as well as the Company's established repurchase plan.
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Progress of implementation of reduction of the holding size of the shares repurchased by centralized bidding
Inapplicable
III. Commitments finished in implementation by the Company's actual controller, shareholders, related parties,
acquirer, the Company, etc. in the reporting period and commitments unfinished in implementation during the
reporting period
Inapplicable
IV. Financial assets investment
1. Portfolio investment
Inapplicable
2. Investment in derivatives
Inapplicable
V. Progress of the projects invested with the raised capital
Inapplicable
VI. Prediction of the Performances from January to June, 2021
Inapplicable
VII. Important contracts for day-to-day operation
Inapplicable
VIII. Finance Management on Commission
Inapplicable
IX. Outward guarantee against regulations
Inapplicable
XI. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related Parties
Inapplicable
XI. Registration Form of the Activities, such as Reception of Survey, Communications, Interviews, etc. during the
Reporting Period
Types of Index of Basic Information
Way of Main contents discussed
Reception time Place of reception Visitors Visitors Received on the Investigation and
reception and information provided
Received Survey
In order to provide investors
with a comprehensive and
in-depth understanding of
the Company’s situation, the
Company held a 2020
Extensive investors’ Online Performance Briefing
participation in the and conducted
Wechat Mini http://irm.cninfo.com.cn/ir
Company's 2020 communications and
March 25, Program Titled cs/company/companyDet
Others Others Annual Online exchange with investors on
2021 “FIYTA Relationship ail?stockcode=000026&or
Performance the Company’s 2020
with Investors gId=gssz0000026
Presentation by operating status,
network remoteness development strategy, watch
brand business, watch retail
service business, and
development of precision
technology and smart
wearables.
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
March 31, 2021
In CNY
Items March 31, 2021 December 31, 2020
Current assets:
Monetary capital 515,870,165.61 353,057,285.71
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable 45,811,895.91 48,192,442.15
Accounts receivable 474,323,699.52 475,598,684.88
Financing with accounts receivable
Advance payment 19,452,930.97 16,612,773.76
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Other receivables 67,561,444.59 52,902,779.63
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories 1,991,797,379.63 1,931,780,185.85
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 53,952,733.66 75,935,141.76
Total current assets 3,168,770,249.89 2,954,079,293.74
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other equity investment
Long term accounts receivable
Long-term equity investment 51,400,665.92 51,400,665.92
Investment in other equity instruments 85,000.00 85,000.00
Other non-current financial assets
Investment-oriented real estate 394,236,394.60 398,086,447.78
Fixed assets 346,058,054.01 352,734,280.76
Construction-in-progress
Productive biological asset
Oil and gas assets
Use right assets 150,191,634.60
Intangible assets 36,180,605.73 37,859,316.51
Development expenses
Goodwill
Long-term expenses to be apportioned 147,728,105.65 130,017,587.99
Deferred income tax asset 112,197,900.00 80,913,800.35
Other non-current assets 5,216,861.24 13,536,307.13
Total non-current assets 1,243,295,221.75 1,064,633,406.44
Total assets 4,412,065,471.64 4,018,712,700.18
Current liabilities:
Short term borrowings 687,436,933.96 542,673,278.09
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Derivative financial liabilities
Notes payable 3,581,360.00 3,581,360.00
Accounts payable 245,220,078.41 301,211,515.39
Advance receipt 5,358,910.60 9,991,850.67
Contract liabilities 17,329,637.12 18,213,396.49
Money from sale of the repurchased
financial assets
Deposits taking and interbank
placement
Acting trading securities
Income from securities underwriting on
commission
Payroll payable to the employees 78,191,053.79 132,853,462.20
Taxes payable 62,314,726.15 68,925,271.90
Other payables 198,715,349.62 128,577,597.94
Including: interest payable
Dividends payable 1,069,368.55 1,639,513.77
Service charge and commission
payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year 348,780.00 370,030.00
Other current liabilities 2,049,954.95 2,299,755.09
Total current liabilities 1,300,546,784.60 1,208,697,517.77
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings 3,749,385.00 4,070,330.00
Bonds payable
Including: preferred shares
14
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Perpetual bond
Lease liabilities 152,730,913.89
Long-term accounts payable
Long term payroll payable to the
employees
Estimated liabilities
Deferred income 2,646,886.77 2,916,346.43
Deferred income tax liability 40,474,373.69 3,067,834.55
Other non-current liabilities
Total non-current liabilities 199,601,559.35 10,054,510.98
Total liabilities 1,500,148,343.95 1,218,752,028.75
Owner’s equity:
Capital stock 435,751,881.00 428,091,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,076,840,727.19 1,021,490,387.78
Less: shares in stock 119,217,908.46 61,633,530.48
Other comprehensive income -6,373,398.65 976,871.41
Special reserve
Surplus Reserve 246,531,866.87 246,531,866.87
Provision for general risks
Retained earnings 1,278,351,653.98 1,164,490,911.51
Total owners’ equity attributable to the
2,911,884,821.93 2,799,948,388.09
parent company
Minority shareholders’ equity 32,305.76 12,283.34
Total owner’s equity 2,911,917,127.69 2,799,960,671.43
Total liabilities and owners’ equity 4,412,065,471.64 4,018,712,700.18
15
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
2. Balance Sheet (Parent Company)
In CNY
Items March 31, 2021 December 31, 2020
Current assets:
Monetary capital 445,620,979.51 292,055,169.74
Transactional financial assets
Derivative financial assets
Notes receivable
Accounts receivable 7,089,828.66 1,464,798.79
Financing with accounts receivable
Advance payment
Other receivables 632,479,347.29 621,512,680.69
Including: Interest receivable
Dividends receivable
Inventories
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets 12,307,795.95 11,655,617.82
Total current assets 1,097,497,951.41 926,688,267.04
Non-current assets:
Equity investment
Other equity investment
Long term accounts receivable
Long-term equity investment 1,531,727,687.92 1,529,415,188.28
Investment in other equity instruments 85,000.00 85,000.00
Other non-current financial assets
16
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Investment-oriented real estate 320,132,259.45 323,296,494.84
Fixed assets 221,846,034.42 224,709,747.39
Construction-in-progress
Productive biological asset
Oil and gas assets
Use right assets
Intangible assets 26,247,690.42 27,347,950.13
Development expenses
Goodwill
Long-term expenses to be apportioned 11,010,869.81 11,980,697.97
Deferred income tax asset 1,300,559.69 1,380,180.94
Other non-current assets 418,175.48 473,312.35
Total non-current assets 2,112,768,277.19 2,118,688,571.90
Total assets 3,210,266,228.60 3,045,376,838.94
Current liabilities:
Short term borrowings 550,551,650.88 400,425,930.05
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 1,508,635.49 1,481,135.49
Advance receipt 6,262,265.42 9,991,850.67
Contract liabilities 66,037.74 37,735.85
Payroll payable to the employees 15,854,865.76 25,256,531.70
Taxes payable 3,817,784.70 2,778,265.84
Other payables 259,090,861.30 240,824,305.37
Including: interest payable
Dividends payable 1,069,368.55 1,639,513.77
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FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Held-for-sale liabilities
Non-current liabilities due within a year
Other current liabilities 3,962.26 2,264.15
Total current liabilities 837,156,063.55 680,798,019.12
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities
Long-term accounts payable
Long term payroll payable to the
employees
Estimated liabilities
Deferred income 2,377,718.35 2,377,718.35
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 2,377,718.35 2,377,718.35
Total liabilities 839,533,781.90 683,175,737.47
Owner’s equity:
Capital stock 435,751,881.00 428,091,881.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital Reserve 1,081,381,943.73 1,027,145,928.88
Less: shares in stock 119,217,908.46 61,633,530.48
Other comprehensive income
18
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Special reserve
Surplus Reserve 246,531,866.87 246,531,866.87
Retained earnings 726,284,663.56 722,064,955.20
Total owner’s equity 2,370,732,446.70 2,362,201,101.47
Total liabilities and owners’ equity 3,210,266,228.60 3,045,376,838.94
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
3. Consolidated Profit Statement
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Turnover 1,378,277,735.81 588,361,057.06
Including: operating income 1,378,277,735.81 588,361,057.06
Interest income
Earned insurance premium
Service charge and commission
income
II. Total operating costs 1,232,594,973.38 608,046,690.52
Including: Operating costs 863,898,587.47 354,482,460.46
Interest payment
Service charge and commission
payment
Surrender Value
Compensation expenses, net
Provision of reserve for insurance
contract, net
Payment of policy dividend
Reinsurance expenses
Taxes and surcharges 7,586,076.81 3,674,419.66
Sales costs 280,821,158.83 183,463,601.55
Administrative expenses 56,888,205.32 49,093,729.64
R & D expenditures 13,209,007.18 9,810,864.52
19
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Financial expenses 10,191,937.77 7,521,614.69
Where: Interest cost 7,371,044.43 6,565,834.69
Interest income 1,055,297.15 710,713.51
Plus: Other income 6,070,986.55 742,609.63
Investment income (loss is stated
with “-”)
Including: return on investment in
associate and joint venture
Gain from the derecognition of
the financial assets measured at amortised
cost
Exchange income (loss stated with
“-“)
Net exposure hedge income (loss
stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit (loss
101,926.46 212,857.46
is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
55,838.26 -62,305.15
(loss is stated with “-“)
III. Operating Profit (loss is stated with “-“) 151,911,513.70 -18,792,471.52
Plus: Non-operating income 53,671.38 273,393.02
Less: Non-operating expenses 16,194.20 4,965.00
IV. Total profit (total loss is stated with “-”) 151,948,990.88 -18,524,043.50
Less: Income tax expense 33,706,891.38 -5,549,247.97
V. Net Profit (net loss is stated with “-“) 118,242,099.50 -12,974,795.53
(I) Classification based on operation
sustainability
1. Net Profit from sustainable operation
118,242,099.50 -12,974,795.53
(net loss is stated with “-”)
20
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
2. Net Profit from termination of
operation (net loss is stated with “-”)
(II) Classification by ownership
Plus: Net profit attributable to the parent
118,222,042.23 -12,974,795.53
company’s shareholder
2. Minority shareholders’ gain/loss 20,057.27
VI. Net of other comprehensive income after
-7,350,304.91 7,812.79
tax
Net of other comprehensive income after
tax attributable to the parent company’s -7,350,270.06 7,702.93
owner
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net liabilities
and net assets re-measured for setting the
beneficial plan
2. Other comprehensive income
which cannot be converted into gain and loss
based on the equity method
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
-7,350,270.06 7,702.93
shall be re-classified into gain and loss
1. Other comprehensive income
which can be converted into gain and loss
based on the equity method
2. Movement of the fair value of
the investment in other debt instruments
3. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of the
credit of the other debt investment
21
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
5. Reserve for cash flow hedge
6. Conversion difference in
-7,350,270.06 7,702.93
foreign currency statements
7. Others
Net amount of other comprehensive
income after tax attributable to minority -34.85 109.86
shareholders
VII. Total comprehensive income 110,891,794.59 -12,966,982.74
Total comprehensive income attributable
110,871,772.17 -12,967,092.60
to the parent company’s owner
Total comprehensive income attributable
20,022.42 109.86
to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.2780 -0.0294
(II) Diluted earnings per share 0.2780 -0.0294
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
4. Statement of Profit, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Operating revenue 40,512,870.91 26,379,756.89
Less: Operating cost 8,580,294.90 8,821,367.61
Taxes and surcharges 1,933,434.18 727,419.42
Sales costs 867,344.42 262,850.91
Administrative expenses 18,190,771.26 15,775,264.67
R & D expenditures 5,279,428.87 3,807,693.17
Financial expenses 794,354.57 1,890,037.46
Where: Interest cost 1,807,348.91 2,556,955.67
Interest income 937,926.41 650,773.18
Plus: Other income 851,544.46 61,679.85
Investment income (loss is stated
with “-”)
22
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Including: return on investment in
associate and joint venture
Gain from the derecognition
of the financial assets measured at
amortised cost (loss is stated with “-”)
Net exposure hedge income (loss
stated with “-“)
Income from change of fair value
(loss is stated with “-”)
Loss from impairment of credit
-63,153.20
(loss is stated with “-”)
Loss from impairment of assets
(loss is stated with “-”)
Income from disposal of assets
-17,119.90
(loss is stated with “-“)
II. Operating Profit (loss is stated with “-“) 5,638,514.07 -4,843,196.50
Plus: Non-operating income 2,737.62
Less: Non-operating expenses
III. Total profit (total loss is stated with “-“) 5,638,514.07 -4,840,458.88
Less: Income tax expense 1,418,805.71
IV. Net Profit (net loss is stated with “-“) 4,219,708.36 -4,840,458.88
(I) Net Profit from sustainable
4,219,708.36 -4,840,458.88
operation (net loss is stated with “-”)
(II) Net Profit from termination of
operation (net loss is stated with “-”)
V. Net of other comprehensive income after
tax
(I) Other comprehensive income which
cannot be re-classified into gain and loss
1. Movement of the net liabilities
and net assets re-measured for setting the
beneficial plan
2. Other comprehensive income
which cannot be converted into gain and
loss based on the equity method
23
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
3. Movement of the fair value of
the investment in other equity instruments
4. Movement of the fair value of
the Company’s own credit risk
5. Others
(II) Other comprehensive income which
shall be re-classified into gain and loss
1. Other comprehensive income
which can be converted into gain and loss
based on the equity method
2. Movement of the fair value of
the investment in other debt instruments
3. Amount of the reclassified
financial assets counted to the other
comprehensive income
4. Provision for impairment of
the credit of the other debt investment
5. Reserve for cash flow hedge
6. Conversion difference in
foreign currency statements
7. Others
VI. Total comprehensive income 4,219,708.36 -4,840,458.88
VII. Earnings per share:
(I) Basic earnings per share
(II) Diluted earnings per share
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
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 goods and
1,523,350,402.04 717,413,076.16
supply of labor service
Net increase of customers’ deposit and
due from banks
Net increase of borrowings from the
central bank
Net increase of borrowings from other
24
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
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
Cash received from interest, service
charge and commission
Net increase of loan from other banks
Net increase of fund from repurchase
business
Net cash received from securities
trading on commission
Rebated taxes received 136,077.50 257,310.78
Other operation activity related cash
17,653,164.00 9,436,996.31
receipts
Subtotal of cash flow in from operating
1,541,139,643.54 727,107,383.25
activity
Cash paid for purchase of goods and
1,090,077,507.00 559,509,759.87
reception of labor services
Net increase of loans and advances to
customers
Net increase of due from central bank
and due from other banks
Cash from payment for settlement of
the original insurance contract
Net increase of the lending capital
Cash paid for interest, service charge
and commission
Cash for payment of policy dividend
Cash paid to and for staff 237,448,359.49 168,291,839.52
Taxes paid 75,193,535.72 36,992,378.49
Other business activity related cash
109,709,021.50 69,061,157.25
payments
Subtotal of cash flow out from operating
1,512,428,423.71 833,855,135.13
activity
Net cash flows arising from operating
28,711,219.83 -106,747,751.88
activities
II. Cash flow arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment income
Net cash from disposal of fixed assets,
intangible assets and recovery of other long 9,762.94 2,912.82
term assets
Net cash received from disposal of
subsidiaries and other operating units
Other investment related cash receipts
Subtotal of cash flow in from investment
9,762.94 2,912.82
activity
25
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 45,203,402.55 24,344,859.78
long term assets
Cash paid for investment
Net increase of the pledged loan
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment related cash
payments
Subtotal of cash flow out from investment
45,203,402.55 24,344,859.78
activity
Net cash flow arising from investment
-45,193,639.61 -24,341,946.96
activities:
III. Cash flow arising from fund-raising
activities:
Cash received from absorbing
58,216,000.00
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 404,237,473.75 200,000,000.00
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
462,453,473.75 200,000,000.00
activity
Cash paid for debt repayment 251,180,000.00 90,000,000.00
Cash paid for dividend/profit
5,950,681.24 6,304,375.08
distribution or repayment of interest
Including: Dividend and profit paid by
the subsidiaries to minority shareholders
Cash paid for other financing activities 25,620,115.35 20,702,825.65
Sub-total cash flow paid for financing
282,750,796.59 117,007,200.73
activities
Net cash flow arising from fund-raising
179,702,677.16 82,992,799.27
activities
IV. Change of exchange rate influencing the
-407,377.48 -92,078.98
cash and cash equivalent
V. Net increase of cash and cash
162,812,879.90 -48,188,978.55
equivalents
Plus: Opening balance of cash and
353,057,285.71 315,093,565.09
cash equivalents
VI. Ending balance of cash and cash
515,870,165.61 266,904,586.54
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
6. Cash Flow Statement, Parent Company
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 goods and
33,296,256.79 21,432,068.81
supply of labor service
Rebated taxes received
26
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Other operation activity related cash
1,420,751,619.23 867,764,855.43
receipts
Subtotal of cash flow in from operating
1,454,047,876.02 889,196,924.24
activity
Cash paid for purchase of goods and
reception of labor services
Cash paid to and for staff 26,099,198.03 18,989,965.73
Taxes paid 4,034,111.40 4,030,582.74
Other business activity related cash
1,457,278,717.28 980,594,240.37
payments
Subtotal of cash flow out from operating
1,487,412,026.71 1,003,614,788.84
activity
Net cash flows arising from operating
-33,364,150.69 -114,417,864.60
activities
II. Cash flow arising from investment
activities:
Cash received from recovery of
investment
Cash received from investment income
Net cash from disposal of fixed assets,
intangible assets and recovery of other long 600.00
term assets
Net cash received from disposal of
subsidiaries and other operating units
Other investment related cash receipts
Subtotal of cash flow in from investment
600.00
activity
Cash paid for purchase/construction of
fixed assets, Intangible assets and other 10,337,712.00 13,830,945.06
long term assets
Cash paid for investment
Net cash paid for acquisition of
subsidiaries and other operation units
Other investment related cash
payments
Subtotal of cash flow out from investment
10,337,712.00 13,830,945.06
activity
Net cash flow arising from investment
-10,337,112.00 -13,830,945.06
activities:
III. Cash flow arising from fund-raising
activities:
Cash received from absorbing
58,216,000.00
investment
Cash received from loans 400,000,000.00 200,000,000.00
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund raising
458,216,000.00 200,000,000.00
activity
Cash paid for debt repayment 250,000,000.00 90,000,000.00
Cash paid for dividend/profit
4,779,026.14 6,242,457.22
distribution or repayment of interest
Cash paid for other financing activities 6,106,577.91 20,702,825.65
27
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Sub-total cash flow paid for financing
260,885,604.05 116,945,282.87
activities
Net cash flow arising from fund-raising
197,330,395.95 83,054,717.13
activities
IV. Change of exchange rate influencing the
-63,323.49 30,677.54
cash and cash equivalent
V. Net increase of cash and cash
153,565,809.77 -45,163,414.99
equivalents
Plus: Opening balance of cash and 269,098,346.02
292,055,169.74
cash equivalents
VI. Ending balance of cash and cash 223,934,931.03
445,620,979.51
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the Accounting Department: Tian Hui
II. Notes to the Adjustment of Financial Statements
1. The Company started implementing the updated standards for lease commencing from 2021 and adjusted the
relevant items of the financial statements at the beginning of the very year involved in the initial implementation
of the said standards
Is it necessary to adjust the items of the balance sheet at the year beginning
Yes
Consolidated Balance Sheet
In CNY
Items December 31, 2020 January 01, 2021 Amount involved in the adjustment
Current assets:
Monetary capital 353,057,285.71 353,057,285.71
Notes receivable 48,192,442.15 48,192,442.15
Accounts receivable 475,598,684.88 475,598,684.88
Advance payments 16,612,773.76 16,612,773.76
Other receivables 52,902,779.63 52,902,779.63
Inventories 1,931,780,185.85 1,931,780,185.85
Other current assets 75,935,141.76 73,796,501.05 -2,138,640.71
Total current assets 2,954,079,293.74 2,951,940,653.03 -2,138,640.71
Non-current assets:
Long-term equity
51,400,665.92 51,400,665.92
investment
Investment in other equity
85,000.00 85,000.00
instruments
Investment-oriented real
398,086,447.78 398,086,447.78
estate
Fixed assets 352,734,280.76 352,734,280.76
28
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Use right assets 170,008,291.03 170,008,291.03
Intangible assets 37,859,316.51 37,859,316.51
Long-term expenses to be
130,017,587.99 130,017,587.99
apportioned
Deferred income tax asset 80,913,800.35 80,913,800.35
Other non-current assets 13,536,307.13 13,536,307.13
Total non-current assets 1,064,633,406.44 1,234,641,697.47 170,008,291.03
Total assets 4,018,712,700.18 4,186,582,350.50 167,869,650.32
Current liabilities:
Short term borrowings 542,673,278.09 542,673,278.09
Notes payable 3,581,360.00 3,581,360.00
Accounts payable 301,211,515.39 301,211,515.39
Advance receipt 9,991,850.67 9,991,850.67
Contract liabilities 18,213,396.49 18,213,396.49
Payroll payable to the
132,853,462.20 132,853,462.20
employees
Taxes payable 68,925,271.90 68,925,271.90
Other payables 128,577,597.94 128,577,597.94
Dividends payable 1,639,513.77 1,639,513.77
Non-current liabilities due
370,030.00 370,030.00
within a year
Other current liabilities 2,299,755.09 2,299,755.09
Total current liabilities 1,208,697,517.77 1,208,697,517.77
Non-current liabilities:
Long-term borrowings 4,070,330.00 4,070,330.00
Lease liabilities 172,230,950.08 172,230,950.08
Deferred income 2,916,346.43 2,916,346.43
Deferred income tax liability 3,067,834.55 3,067,834.55
29
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Total non-current liabilities 10,054,510.98 182,285,461.06 172,230,950.08
Total liabilities 1,218,752,028.75 1,390,982,978.83 172,230,950.08
Owner’s equity:
Capital stock 428,091,881.00 428,091,881.00
Capital reserve 1,021,490,387.78 1,021,490,387.78
Less: shares in stock 61,633,530.48 61,633,530.48
Other comprehensive
976,871.41 976,871.41
income
Surplus reserve 246,531,866.87 246,531,866.87
Retained earnings 1,164,490,911.51 1,160,129,611.74 -4,361,299.76
Total owners’ equity attributable
2,799,948,388.09 2,795,587,088.32 -4,361,299.76
to the parent company
Minority shareholders’
12,283.34 12,283.34
equity
Total owner’s equity 2,799,960,671.43 2,795,599,371.66 -4,361,299.76
Total liabilities and owners’
4,018,712,700.18 4,186,582,350.49 167,869,650.32
equity
Note to the Adjustment
Inapplicable
Balance Sheet, Parent Company
In CNY
Items December 31, 2020 January 01, 2021 Amount involved in the adjustment
Current assets:
Monetary capital 292,055,169.74 292,055,169.74
Accounts receivable 1,464,798.79 1,464,798.79
Other receivables 621,512,680.69 621,512,680.69
Other current assets 11,655,617.82 11,655,617.82
Total current assets 926,688,267.04 926,688,267.04
Non-current assets:
Long-term equity
1,529,415,188.28 1,529,415,188.28
investment
30
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Investment in other equity
85,000.00 85,000.00
instruments
Investment-oriented real
323,296,494.84 323,296,494.84
estate
Fixed assets 224,709,747.39 224,709,747.39
Intangible assets 27,347,950.13 27,347,950.13
Long-term expenses to be
11,980,697.97 11,980,697.97
apportioned
Deferred income tax asset 1,380,180.94 1,380,180.94
Other non-current assets 473,312.35 473,312.35
Total non-current assets 2,118,688,571.90 2,118,688,571.90
Total assets 3,045,376,838.94 3,045,376,838.94
Current liabilities:
Short term borrowings 400,425,930.05 400,425,930.05
Accounts payable 1,481,135.49 1,481,135.49
Advance receipt 9,991,850.67 9,991,850.67
Contract liabilities 37,735.85 37,735.85
Payroll payable to the
25,256,531.70 25,256,531.70
employees
Taxes payable 2,778,265.84 2,778,265.84
Other payables 240,824,305.37 240,824,305.37
Dividends payable 1,639,513.77 1,639,513.77
Other current liabilities 2,264.15 2,264.15
Total current liabilities 680,798,019.12 680,798,019.12
Non-current liabilities:
Deferred income 2,377,718.35 2,377,718.35
Total non-current liabilities 2,377,718.35 2,377,718.35
Total liabilities 683,175,737.47 683,175,737.47
Owner’s equity:
31
FIYTA Precision Technology Co., Ltd. 2021 First Quarter Report, Full Text
Capital stock 428,091,881.00 428,091,881.00
Capital reserve 1,027,145,928.88 1,027,145,928.88
Less: shares in stock 61,633,530.48 61,633,530.48
Surplus reserve 246,531,866.87 246,531,866.87
Retained earnings 722,064,955.20 722,064,955.20
Total owner’s equity 2,362,201,101.47 2,362,201,101.47
Total liabilities and owners’
3,045,376,838.94 3,045,376,838.94
equity
Note to the Adjustment
Inapplicable
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for lease
initially implemented from 2021
Inapplicable
III. Auditor’s Report
Has the first quarter report been audited
No
Board of Directors of
FIYTA Precision Technology Co., Ltd.
April 13, 2021
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