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飞亚达B:2022年第一季度报告(英文)2022-04-23  

                                     FIYTA Precision Technology Co., Ltd.                                                       2022 First Quarter Report, Full Text




Stock Code: 000026; 200026                          Abbreviation of the Stock: FIYTA; FIYTA B                    Announcement No.: 2022-020




                                                 FIYTA Precision Technology Co., Ltd.

                                                       2022 First Quarter Report

    The Company and all the members of the Board of Directors ensure that the information disclosed is authentic,
    accurate and complete, and there are no false records, misleading statements or significant omissions in the
    Report.


Important Notice:
1. 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 the Report and
confirm that there are neither material omissions nor errors which would render any statement misleading.

2. The Company leader, the chief financial officer, and the manager of the accounting department (treasurer) hereby
confirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarter Report.

3. Has the First Quarter Report been audited
No

I. Financial Highlights

(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

                                                                                                                                Year-on-year
                                                                                     Same period of the previous
                                                         Reporting period                                                increase/decrease in the
                                                                                               year
                                                                                                                              reporting period
Revenue in CNY                                                 1,173,700,720.94                 1,378,277,735.81                             -14.84%
Net profit attributable to the Company’s
                                                                    86,354,073.76                 118,222,042.23                             -26.96%
shareholders, in CNY
Net profit attributable to the Company’s
shareholders less the non-recurring items, in                       84,104,404.06                 113,576,505.85                             -25.95%
CNY
Net cash flows arising from operating activities,
                                                                    16,020,422.02                  28,711,219.83                             -44.20%
in CNY
Basic earning per share (CNY/share)                                         0.2083                            0.2780                         -25.07%
Diluted earning per share (CNY/share)                                       0.2083                            0.2780                         -25.07%
Return on equity, weighted average                                          2.84%                             4.15%                            -1.31%
                                                                                                                       Increase/decrease at the end
                                                    End of the reporting period       End of the previous year         of the year over the end of the
                                                                                                                                previous year
Total assets (in CNY)                                          4,073,600,004.56                 4,110,579,952.49                               -0.90%
Owner’s equity attributable to the Company’s
                                                               3,071,285,561.15                 3,013,232,642.53                               1.93%
shareholders, in CNY


(II) Non-recurring gain/loss items and the amount involved

                                                                                                                                              In CNY
                                  Items                                      Amount in the reporting period                     Notes
Gain/loss from disposal of non-current assets, including the part
                                                                                                -729,742.09
written-off with the provision for impairment of assets.




                                                                                                                                                         1
                FIYTA Precision Technology Co., Ltd.                                                          2022 First Quarter Report, Full Text



The government subsidies included in the profits and losses of the
current period ( (excluding government grants which are closely related
                                                                                              4,320,020.38
to the Company’s normal business and conform with the national
standard amount or quantity)
Other non-operating income and expenses other than the aforesaid
                                                                                               -696,466.55
items
Less: Amount affected by the income tax                                                         644,142.04
Total                                                                                         2,249,669.70                        --


Details of other gains and losses in compliance with the definition of non-recurring gains and losses.
Inapplicable

Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public as recurring gains and losses
Inapplicable

(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes

(I) Items of the Balance Sheet
                     Amount at the end of Amount at the year     Variation
        Items                                                                                        Cause of the movement
                     the reporting period    beginning          proportion
Advance                                                                    Mainly due to increase of the advance payment for purchase of
                           16,424,587.28        7,946,750.81       106.68%
payments                                                                   brand watches and drive units.
Other current
                           47,565,284.72       72,698,692.72       -34.57% Mainly due to decrease of input VAT to be deducted
assets
                                                                           Mainly due to increase of the short-term bank borrowings in the
Short term loans          351,228,111.21      265,994,595.43        32.04%
                                                                           reporting period.
                                                                           Mainly due to increase of notes paid for precision technology
Notes payable                 585,143.10           21,223.10      2657.10%
                                                                           business during the reporting period.
                                                                           Mainly due to decrease of inventory purchase in the reporting period
Accounts payable          156,895,550.94      254,588,895.34       -38.37%
                                                                           over the year beginning.
Payroll payable to                                                         Mainly due to the year-end bonus paid already during the reporting
                           91,015,889.47      145,936,150.06       -37.63%
the employees                                                              period.
Shares in stock            92,229,615.49       60,585,678.92        52.23% Mainly due to the implementation of the repurchase of B-shares.


(II) Profit Statement Items
                     End of the reporting Same period of the     Variation
        Items                                                                                        Cause of the movement
                           period           previous year       proportion
                                                                           Mainly due to increase of the loss from disposal of the assets
Income from
                             -729,742.09           55,838.26     -1406.89% brought about from the closing of partial shops during the reporting
disposal of assets
                                                                           period.
Non-operating                                                              Mainly due to increase of the loss of the deposit brought about from
                              769,784.25           16,194.20      4653.46%
expenditures                                                               the closing of partial shops during the reporting period.



II. Information of the Shareholders

(I) 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 preference shareholders
Total common shareholders at the end                                         with the voting power recovered
                                                                   34,734                                                                          0
of the reporting period                                                      at the end of the reporting period
                                                                             (if any)
                                                     Shareholding by top 10 shareholders

                                                                                       Number of the               Pledging, marking 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                38.25%         162,977,327                           0
Holding Limited
                      Domestic natural
Qiu Hong                                              0.54%               2,300,000                       0
                      person




                                                                                                                                                       2
             FIYTA Precision Technology Co., Ltd.                                                          2022 First Quarter Report, Full Text



China Ifund Asset
Management Co.,
Ltd. - Ifund
All-Weather No. 2   Others                               0.43%         1,841,716                       0
Phase G Private
Equity Securities
Investment Fund
                    Domestic natural
Li Shuyuan                                               0.30%         1,296,400                       0
                    person
Construction Bank
of China - Penghua
Huizhi Optimized   Others                                0.30%         1,278,707                       0
Hybrid Securities
Investment Fund
                    Domestic natural
Zhang Yinnan                                             0.28%         1,195,128                       0
                    person
China Everbright
Bank Co., Ltd -
Yingda Ruisheng
Flexible            Others                               0.27%         1,162,000                       0
Configuration
Hybrid Securities
Investment Fund
                    Domestic natural
Chen Hao                                                 0.25%         1,051,743                       0
                    person
                    Domestic natural
# Shen Xuewen                                            0.22%           920,200                       0
                    person
                    Domestic natural
# Huang Yun                                              0.20%           868,700                       0
                    person
                                           Shares held by top 10 shareholders of unrestricted shares
                                                                                                                          Share type
      Names of the Shareholders             Quantity of unrestricted shares held by the shareholders
                                                                                                               Share type              Quantity
                                                                                                     CNY ordinary
AVIC International Holding Limited                                                       162,977,327                                    162,977,327
                                                                                                     shares
                                                                                                           CNY ordinary
Qiu Hong                                                                                    2,300,000                                     2,300,000
                                                                                                           shares
China Ifund Asset Management Co.,
Ltd. - Ifund All-Weather No. 2 Phase G                                                                     CNY ordinary
                                                                                            1,841,716                                     1,841,716
Private Equity Securities Investment                                                                       shares
Fund
                                                                                                           CNY ordinary
Li Shuyuan                                                                                  1,296,400                                     1,296,400
                                                                                                           shares
Construction Bank of China - Penghua
                                                                                                           CNY ordinary
Huizhi Optimized Hybrid Securities                                                          1,278,707                                     1,278,707
                                                                                                           shares
Investment Fund
                                                                                                           Domestically listed
Zhang Yinnan                                                                                1,195,128                                     1,195,128
                                                                                                           foreign shares
China Everbright Bank Co., Ltd - Yingda
                                                                                                           CNY ordinary
Ruisheng Flexible Configuration Hybrid                                                      1,162,000                                     1,162,000
                                                                                                           shares
Securities Investment Fund
                                                                                                           CNY ordinary
Chen Hao                                                                                    1,051,743                                     1,051,743
                                                                                                           shares
                                                                                                           CNY ordinary
# Shen Xuewen                                                                                 920,200                                       920,200
                                                                                                           shares
                                                                                                           CNY ordinary
# Huang Yun                                                                                   868,700                                       868,700
                                                                                                           shares
Explanation on associated relationship
or consistent action of the above         Inapplicable
shareholders
                                         1. China Ifund Asset Management Co., Ltd. - Ifund All-Weather No. 2 Phase G Private Equity
                                         Securities Investment Fund, one of the Company’s shareholders, holds 1,841,716 shares in the
Note to the top 10 shareholders involved Company by means of credit transaction guaranty securities account ;
in margin financing & securities lending
(if any)                                 2. Shen Xuewen, one of the Company’s shareholders, holds 920,200 shares in the Company by
                                         means of a credit transaction guaranty securities account;
                                         3. Huang Yuntong, one of the Company’s shareholders, holds 868,700 shares in the Company by
                                         means of a credit transaction guaranty securities account.




                                                                                                                                                      3
            FIYTA Precision Technology Co., Ltd.                                       2022 First Quarter Report, Full Text



Note: Ended the reporting period, the Company repurchased 6,147,304 B-shares in the Company held in the special
securities account, that had not been stated as one of the top 10 shareholders.

(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders

Inapplicable

III. Note to other significant events

(I) Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)
The 4th session of the Tenth Board of Directors held on December 28, 2021 reviewed and approved the Proposal on the
Release Conditions having been Satisfied for the Second Release Period of 2018 Restricted A-Share Incentive Scheme
(Phase I). The 1,244,421 restricted shares (accounting for 0.29% of the Company's total share capital) that could be lifted
this time were listed for trading on February 07, 2022. 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
A-Share Restricted Stock Incentive Scheme (Phase I) 2022-002” disclosed in 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 I)” approved at the 10th Sessions of the Tenth Board of Directors held on March 08,
2022, the Company decided to repurchase and cancel a total of 60,120 restricted A-shares that were granted with the
restriction but not released to the three retired 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 A-Share Restricted Stock Incentive Scheme (Phase I) 2022-013” disclosed in the Securities Times,
Hong Kong Commercial Daily and http://www.cninfo.com.cn. The said repurchase proposal is still necessary to be
submitted to the General Meeting for approval.


(II) Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)
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 10th Sessions of the Tenth Board of Directors held on March 8,
2022, the Company decided to repurchase and cancel a total of 250,000 restricted A-shares that were granted with the
restriction but not released to the three retired incentive objects 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   A-Share   Restricted   Stock   Incentive   Scheme   (Phase   II)   2022-014”   disclosed   in
http://www.cninfo.com.cn. The said repurchase proposal is still necessary to be submitted to the General Meeting for
approval.


(III) Personnel Change of the Company's Senior Executives
The 5th Sessions of the Tenth Board of Directors held on February 08, 2022 reviewed and approved the Proposal on the
Designation Appointment of the Chief Accountant and the Proposal on the Designation of the Chief Accountant to Perform
the Duties of the Board Secretary, and decided to appoint Mr. Song Yaoming as the Chief Accountant of the Company and
the Company designated Mr. Song Yaoming to perform the duties of the Board Secretary before the new Board Secretary
is duely appointed. For the details please refer to the “Announcement on the Change of the Company’s Chief Accountant
and Designating the Board Secretary to Perform the Duties of the Board Secretary 2022-004.


(IV) Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)
The 2nd session of the Tenth Board of Directors held on October 25, 2021 and 2021 5th Extraordinary General Meeting
held on November 30, 2021, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed



                                                                                                                          4
             FIYTA Precision Technology Co., Ltd.                                     2022 First Quarter Report, Full Text



Foreign Shares in the Company (B-shares)”. Ended the reporting period, the Company accumulatively repurchased
6,147,304 shares in the Company through a centralized bidding method with the special account for the securities
repurchased, accounting for 1.44% of the Company’s total share capital. the total amount already paid was
HK$ 47,412,881.31 (with the stamp duty, commission and other transaction costs exclusive). For the detail, refer to the
serial announcements of progress disclosed in http://www.cninfo.com.cn.


IV. Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by FIYTA Precision Technology Co., Ltd.
                                                     March 31, 2022
                                                                                                                     In CNY
                   Items                            Ending balance                          Opening balance
Current assets:
    Monetary capital                                                 218,304,647.14                           210,254,737.14
    Settlement reserve
    Inter-bank lending
    Transactional financial assets
    Derivative financial assets
    Notes receivable                                                  59,755,241.62                            61,258,145.80
    Accounts receivable                                              368,376,666.35                           388,885,601.28
    Financing with accounts receivable
    Advance payments                                                  16,424,587.28                             7,946,750.81
    Receivable premium
    Reinsurance accounts receivable
    Reserve for reinsurance contract
receivable
    Other receivables                                                 61,456,146.17                            61,553,267.82
      Including: Interest receivable
             Dividends receivable
    Redemptory monetary capital for sale
    Inventories                                                  2,063,658,306.12                        2,050,148,750.89
    Contract assets
    Held-for-sale assets
    Non-current assets due within a year
    Other current assets                                              47,565,284.72                            72,698,692.72
Total current assets                                             2,835,540,879.40                        2,852,745,946.46
Non-current assets:
    Loan issuing and advance in cash
    Equity investment
    Other equity investment
    Long term accounts receivable
    Long-term equity investments                                      55,155,605.31                            55,155,605.31
    Investment in other equity instruments                                85,000.00                                85,000.00
    Other non-current financial assets
    Investment-oriented real estate                                  379,566,781.99                           383,425,916.35
    Fixed assets                                                     344,285,099.32                           349,495,316.65
    Construction-in-progress
    Productive biological asset




                                                                                                                               5
               FIYTA Precision Technology Co., Ltd.                      2022 First Quarter Report, Full Text



     Oil and Gas Assets
     Use right assets                                  139,320,869.07                         147,932,475.42
     Intangible assets                                  33,025,945.42                          34,035,330.43
     Development expenses
     Goodwill
     Long term expenses to be apportioned              160,198,264.89                         163,790,333.44
     Deferred income tax asset                          81,925,389.33                          81,233,274.65
     Other non-current assets                           44,496,169.83                          42,680,753.78
Total non-current assets                              1,238,059,125.16                      1,257,834,006.03
Total assets                                          4,073,600,004.56                       4,110,579,952.49
Current liabilities:
     Short term loans                                   351,228,111.21                        265,994,595.43
     Borrowings from central bank
     Loans from other banks
     Transactional financial liabilities
     Derivative financial liabilities
     Notes payable                                         585,143.10                              21,223.10
     Accounts payable                                  156,895,550.94                         254,588,895.34
     Advance receipt                                      8,309,629.50                         11,025,664.72
     Contract liabilities                               20,669,861.56                          22,505,426.65
     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                   91,015,889.47                         145,936,150.06
     Taxes payable                                      50,953,819.51                          67,769,880.01
     Other payables                                    168,956,402.57                         167,808,759.95
       Including: interest payable
                Dividends payable                         4,007,982.64                          5,015,026.30
    Service charge and commission
payable
     Payable reinsurance
     Held-for-sale liabilities
     Non-current liabilities due within a year          80,568,807.41                          86,949,906.35
     Other current liabilities                            2,624,889.05                          2,798,738.32
Total current liabilities                              931,808,104.32                       1,025,399,239.93
Non-current liabilities:
     Reserve for insurance contract
     Long-term borrowings
     Bonds payable
       Including: preferred shares
                Perpetual bond
     Lease liabilities                                  63,696,369.47                          64,918,722.10
     Long-term accounts payable
   Long term payroll payable to the
employees
     Estimated liabilities
     Deferred income                                      1,792,833.90                          1,792,833.90
     Deferred income tax liability                        5,017,135.72                          5,236,514.03
     Other non-current liabilities
Total non-current liabilities                           70,506,339.09                          71,948,070.03




                                                                                                                6
                 FIYTA Precision Technology Co., Ltd.                                                   2022 First Quarter Report, Full Text



Total liabilities                                                              1,002,314,443.41                                1,097,347,309.96
Owner’s equity:
      Capital stock                                                              426,051,015.00                                  426,051,015.00
      Other equity instruments
         Including: preferred shares
                  Perpetual bond
      Capital reserve                                                          1,044,036,681.84                                1,040,908,194.13
      Less: shares in stock                                                       92,229,615.49                                   60,585,678.92
      Other comprehensive income                                                   -7,706,898.98                                   -7,658,346.40
      Special reserve                                                              1,325,577.43                                    1,062,731.13
      Surplus reserve                                                            275,010,401.50                                  275,010,401.50
      Reserve against general risks
      Retained earnings                                                        1,424,798,399.85                                1,338,444,326.09
Total owners’ equity attributable to the
                                                                               3,071,285,561.15                                3,013,232,642.53
parent company
      Minority shareholders’ equity
Total owner’s equity                                                          3,071,285,561.15                                3,013,232,642.53
Total liabilities and owners’ equity                                          4,073,600,004.56                                4,110,579,952.49


Legal representative: Zhang Xuhua                  Chief Financial Officer: Song Yaoming   Person in charge of the Accounting Department: Tian Hui


2. Consolidated Profit Statement

                                                                                                                                         In CNY
                        Items                         Amount incurred in the reporting period         Amount incurred in the previous period
I. Turnover                                                                    1,173,700,720.94                                1,378,277,735.81
      Including: operating income                                              1,173,700,720.94                                1,378,277,735.81
                Interest income
                Earned insurance premium
                Service charge and commission
income
II. Total operating costs                                                      1,065,454,948.14                                1,232,594,973.38
      Including: Operating costs                                                 725,288,861.90                                  863,898,587.47
                Interest payment
                Service charge and commission
payment
                Surrender Value
                Compensation expenses, net
              Provision of reserve for insurance
liabilities, net
                Payment of policy dividend
                Reinsurance expenses
                Taxes and surcharges                                                6,623,183.80                                   7,586,076.81
                Sales costs                                                      257,444,571.92                                  280,821,158.83
                Administrative expenses                                            55,399,290.60                                  56,888,205.32
                R & D expenditures                                                 12,984,545.64                                  13,209,007.18
                Financial expenses                                                  7,714,494.28                                  10,191,937.77
                  Where: Interest cost                                              5,184,394.84                                   7,371,044.43
                         Interest income                                              750,842.75                                   1,055,297.15
      Plus: Other income                                                            4,320,020.38                                   6,070,986.55
              Investment income (loss is stated
with “-”)
         Including: return on investment in
associate and joint venture
                  Gain from the derecognition of




                                                                                                                                                   7
                 FIYTA Precision Technology Co., Ltd.                    2022 First Quarter Report, Full Text


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
                                                            29,964.40                             101,926.46
is stated with “-”)
          Loss from impairment of assets (loss
is stated with “-”)
          Income from disposal of assets (loss
                                                          -729,742.09                              55,838.26
is stated with “-“)
III. Operating Profit (loss is stated with “-“)       111,866,015.49                        151,911,513.70
         Plus: Non-operating income                         73,317.70                              53,671.38
         Less: Non-operating expenditures                  769,784.25                              16,194.20
IV. Total profit (total loss is stated with “-”)      111,169,548.94                        151,948,990.88
         Less: Income tax expense                       24,815,475.18                          33,706,891.38
V. Net Profit (net loss is stated with “-“)           86,354,073.76                         118,242,099.50
  (I) Classification based on operation
sustainability
     1. Net Profit from sustainable operation
                                                        86,354,073.76                         118,242,099.50
(net loss is stated with “-”)
    2. Net Profit from termination of
operation (net loss is stated with “-”)
    (II) Classification by ownership
   1. Net profit attributable to the parent
                                                        86,354,073.76                         118,222,042.23
company’s owner
         2. Minority shareholders’ gain/loss                                                      20,057.27
VI. Net of other comprehensive income after
                                                            -48,552.58                          -7,350,304.91
tax
  Net of other comprehensive income after
tax attributable to the parent company’s                   -48,552.58                          -7,350,270.06
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 can 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
                                                            -48,552.58                          -7,350,270.06
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
                                                            -48,552.58                          -7,350,270.06
currency statements




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             FIYTA Precision Technology Co., Ltd.                                                   2022 First Quarter Report, Full Text



           7. Others
  Net amount of other comprehensive
income after tax attributable to minority                                                                                             -34.85
shareholders
VII. Total comprehensive income                                                86,305,521.18                                 110,891,794.59
     Total comprehensive income attributable
                                                                               86,305,521.18                                 110,871,772.17
to the parent company’s owner
    Total comprehensive income attributable
                                                                                                                                   20,022.42
to minority shareholders
VIII. Earnings per share:
    (I) Basic earnings per share                                                       0.2083                                         0.2780
    (II) Diluted earnings per share                                                    0.2083                                         0.2780


Legal representative: Zhang Xuhua              Chief Financial Officer: Song Yaoming   Person in charge of the Accounting Department: Tian Hui


3. 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
                                                                           1,341,476,147.74                                1,523,350,402.04
supply of services
    Net increase of customers’ deposit and
due from banks
    Net increase of borrowings from the
central bank
     Net increase of borrowings from other
financial institutions
     Cash received from 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                                                       448,081.85                                      136,077.50
    Other operation activity related cash
                                                                              13,508,738.54                                   17,653,164.00
receipts
Subtotal of cash flow in from operating
                                                                           1,355,432,968.13                                1,541,139,643.54
activity
    Cash paid for purchase of goods and
                                                                             950,732,002.36                                1,090,077,507.00
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                                               234,412,020.13                                  237,448,359.49




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             FIYTA Precision Technology Co., Ltd.                      2022 First Quarter Report, Full Text



    Taxes paid                                        69,645,546.92                          75,193,535.72
   Other business activity related cash
                                                      84,622,976.70                         109,709,021.50
payments
Subtotal of cash flow out from operating
                                                    1,339,412,546.11                      1,512,428,423.71
activity
Net cash flows arising from operating
                                                      16,020,422.02                          28,711,219.83
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                   3,705.21                               9,762.94
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 investment
                                                           3,705.21                               9,762.94
activity
     Cash paid for purchase/construction of
fixed assets, Intangible assets and other             29,038,120.17                          45,203,402.55
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
                                                      29,038,120.17                          45,203,402.55
activity
Net cash flow arising from investment
                                                      -29,034,414.96                        -45,193,639.61
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                         593,052,257.18                         404,237,473.75
    Other fund-raising activity related cash
receipts
Subtotal of cash flow in from fund raising
                                                     593,052,257.18                         462,453,473.75
activity
    Cash paid for debt repayment                     500,000,000.00                         251,180,000.00
      Cash paid for dividend/profit
                                                       4,471,210.32                           5,950,681.24
distribution or repayment of interest
     Including: Dividend and profit paid by
the subsidiaries to minority shareholders
    Other fund-raising activity related cash
                                                      67,053,433.45                          25,620,115.35
receipts
Sub-total cash flow paid for financing
                                                     571,524,643.77                         282,750,796.59
activities
Net cash flow arising from fund-raising
                                                      21,527,613.41                         179,702,677.16
activities
IV. Change of exchange rate influencing the
                                                        -463,710.47                            -407,377.48
cash and cash equivalent
V. Net increase of cash and cash
                                                       8,049,910.00                         162,812,879.90
equivalents
    Plus: Opening balance of cash and
                                                     210,254,737.14                         353,057,285.71
cash equivalents
VI. Ending balance of cash and cash                  218,304,647.14                         515,870,165.61




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              FIYTA Precision Technology Co., Ltd.                                            2022 First Quarter Report, Full Text


equivalents


Legal representative: Zhang Xuhua        Chief Financial Officer: Song Yaoming   Person in charge of the Accounting Department: Tian Hui


(II) Auditor’s Report

Has the First Quarter Report been audited
No

                                                                                    FIYTA Precision Technology Co., Ltd.
                                                                                             Board of Directors
                                                                                                April 23, 2022




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