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飞亚达B:2022年第三季度报告(英文)2022-10-26  

                        FIYTA Precision Technology Co., Ltd.                                                           2022 Third Quarter Report




     Stock Code: 000026; 200026      Abbreviation of the Stock: FIYTA; FIYTA B        Announcement No.: 2022-041




                                    FIYTA Precision Technology Co., Ltd.

                                           2022 Third Quarter Report

      The Company and all members of the Board of Directors ensure that the information disclosed herein is authentic,

         accurate and complete, and there are no false records, misleading statements or significant omissions.


Important Notice:

1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually

and collectively accept the 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.




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 third quarter report been audited

No




                                                                                                                           1
FIYTA Precision Technology Co., Ltd.                                                                                  2022 Third Quarter Report


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
                                                                      Year-on-year               From year beginning to          increase/decrease
                                      Reporting period           increase/decrease in the        the end of the reporting        from year beginning
                                                                     reporting period                    period                   to the end of the
                                                                                                                                  reporting period
 Revenue in CNY                          1,201,863,621.73                               -8.06%         3,385,434,370.84                      -17.12%
 Net profit attributable to the
 Company’s shareholders, in                89,108,590.17                            -18.28%             229,801,374.46                      -32.92%
 CNY
 Net profit attributable to the
 Company’s shareholders
                                            86,658,935.58                            -17.10%             216,590,692.48                      -34.03%
 less the non-recurring items,
 in CNY
 Net cash flows arising from
                                              —                            —                           400,581,603.78                          8.79%
 operating activities, in CNY
 Basic earning per share
                                                     0.2173                          -15.57%                         0.5524                  -30.91%
 (CNY/share)
 Diluted earning per share
                                                     0.2173                          -15.57%                         0.5524                  -30.91%
 (CNY/share)
 Return on equity, weighted
                                                     2.91%                              -0.84%                       7.53%                    -4.31%
 average
                                     End of the reporting                                        Increase/decrease at the end of the year over the
                                                                 End of the previous year
                                            period                                                           end of the previous year
 Total assets (in CNY)                   4,097,923,826.65                  4,110,579,952.49                                                   -0.31%
 Owner’s equity attributable
 to the Company’s                       3,089,312,840.30                 3,013,232,642.53                                                       2.52%
 shareholders, in CNY


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


                                                                                                                                           In CNY
                                                                                                 Amount from year beginning
                           Items                              Amount in the reporting period      to the end of the reporting             Note
                                                                                                            period
 Gain/loss from disposal of non-current assets,
 including the part written-off with the provision for                            -306,635.15                  -1,122,656.31
 impairment of assets.
 The government subsidies included in the profits and
 losses of the current period ( (excluding government
 grants which are closely related to the Company’s                              2,577,976.90                  15,947,759.85
 normal business and conform with the national
 standard amount or quantity)
 Reversal of provision for impairment of accounts
 receivable that has been separately tested for                                   729,415.25                      2,860,200.09
 impairment
 Other non-operating income and expenses with the
                                                                                  122,810.58                       -494,498.90
 aforesaid items exclusive
 Less: Amount affected by the income tax                                          673,912.99                      3,980,122.75



                                                                                                                                                         2
FIYTA Precision Technology Co., Ltd.                                                                              2022 Third Quarter Report


 Total                                                                       2,449,654.59                   13,210,681.98                --
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


1. Items of Consolidated Balance Sheet
                         End of the reporting                                  Variation
          Items                                   End of the previous year                                Cause of the movement
                               period                                          proportion
                                                                                            Mainly due to reception of the payment for the
 Notes receivable              37,729,552.62                61,258,145.80        -38.41%
                                                                                            matured notes.
 Other current                                                                              Mainly due to the decrease in retained value-
                               26,165,577.27                72,698,692.72        -64.01%
 assets                                                                                     added tax over the beginning of the year.
                                                                                            Mainly due to decrease in advance receipts
 Contract liabilities          14,699,897.90                22,505,426.65        -34.68%
                                                                                            resulted from the decline in distribution business.
                                                                                            Mainly due to the reclassification of part of lease
 Lease liabilities             27,944,019.03                64,918,722.10        -56.96%    liabilities into non-current liability items due within
                                                                                            a year.
                                                                                            Mainly due to the implementation of the
 Treasury shares              101,012,638.04                60,585,678.92         66.73%
                                                                                            repurchase of B-shares.
 Other
                                                                                            Mainly due to movement of the translation
 comprehensive                  -1,565,932.46                -7,658,346.40        79.55%
                                                                                            balance of foreign currency statements
 income


2. Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting
period
                          Amount incurred in      Amount incurred in the       Variation
          Items                                                                                           Cause of the movement
                         the reporting period       previous period            proportion
 Financial                                                                                  Mainly due to the decrease of interest expenses
                               18,987,623.04                27,452,471.99        -30.83%
 expenses                                                                                   and exchange gains and losses.

 Return on
                                2,462,626.52                  1,629,328.24        51.14%    Mainly due to increase of profit of the associates.
 Investment
 Loss from
                                                                                            Mainly due to decrease of the provision for bad
 impairment of                    389,469.67                 -1,039,778.07      137.46%
                                                                                            debt of accounts receivable.
 credit
 Loss from
                                                                                            Mainly due to decrease of provision for price
 impairment of                    -348,218.69                -1,200,014.39        70.98%
                                                                                            falling of inventories.
 assets
 Income from                                                                                Mainly due to decrease of income from disposal
                                -1,122,656.31                  -180,694.53      -521.30%
 disposal of assets                                                                         resulted from closing of partial shops.

 Income tax                                                                                 Mainly due to decrease of the total profit in the
                               62,338,094.92               100,642,011.01        -38.06%
 expenses                                                                                   reporting period.


3.Cash flow statement items from the beginning of the year to the end of the reporting period
                            Amount incurred in      Amount incurred in the      Variation
           Items                                                                                          Cause of the movement
                           the reporting period        previous period         proportion
 Rebated taxes                                                                              Mainly due to increase of the refunds of excess
                                  4,693,824.88                  332,318.54      1312.45%
 received                                                                                   input value-added tax credits as received.

 Other operation
 activity related cash         241,090,876.76               390,125,168.61       -38.20%    Mainly due to decrease of period charge.
 payments
 Cash paid for
                                                                                            Mainly due to the decrease in expenses for store
 purchase/construction           91,211,685.29              154,549,937.25       -40.98%
                                                                                            refurbishment.
 of fixed assets,


                                                                                                                                                      3
FIYTA Precision Technology Co., Ltd.                                                                                 2022 Third Quarter Report


 Intangible assets and
 other long term
 assets
 Cash paid for other
                                                                                               Mainly due to increase of the payments for
 financing related              146,380,933.69               58,958,288.96        148.28%
                                                                                               repurchasing B-shares and rents.
 activities


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 common shareholders at the                         Total preference shareholders with the voting power recovered
                                                 32,619                                                                                            0
 end 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     Shareholdin      Number of shares
                                                                                     restricted shares        Status of the
   Shareholders          shareholder       g proportion            held                                                                 Quantity
                                                                                             held                shares
 AVIC
 International         State corporate           38.29%             162,977,327                         0
 Holding Limited
                       Domestic natural
 # Wu Jilin                                      1.87%                7,974,062                         0
                       person
                       Domestic natural
 Xu Guoliang                                     0.73%                3,103,800                         0
                       person
                       Domestic natural
 Qiu Hong                                        0.56%                2,370,000                         0
                       person
                       Domestic natural
 #Zhu Rui                                        0.40%                1,686,700                         0
                       person
                       Domestic natural
 Li Shuyuan                                      0.32%                1,377,600                         0
                       person
                       Domestic natural
 # Qu Yongjie                                    0.32%                1,350,500                         0
                       person
                       Domestic natural
 Zhang Mingrong                                  0.28%                1,212,300                         0
                       person
                       Domestic natural
 Chen Hao                                        0.26%                1,088,143                         0
                       person
                       Domestic natural
 Wang Sixin                                      0.24%                1,012,500                         0
                       person
                                           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
                                                                                                            CNY ordinary
 # Wu Jilin                                                                                  7,974,062                                    7,974,062
                                                                                                            shares
                                                                                                            CNY ordinary
 Xu Guoliang                                                                                 3,103,800                                    3,103,800
                                                                                                            shares
                                                                                                            CNY ordinary
 Qiu Hong                                                                                    2,370,000                                    2,370,000
                                                                                                            shares
                                                                                                            CNY ordinary
 #Zhu Rui                                                                                    1,686,700                                    1,686,700
                                                                                                            shares
                                                                                                            CNY ordinary
 Li Shuyuan                                                                                  1,377,600                                    1,377,600
                                                                                                            shares
 # Qu Yongjie                                                                                1,350,500      CNY ordinary                  1,350,500


                                                                                                                                                       4
FIYTA Precision Technology Co., Ltd.                                                                              2022 Third Quarter Report


                                                                                                         shares
                                                                                                         CNY ordinary
 Zhang Mingrong                                                                            1,212,300                              1,212,300
                                                                                                         shares
                                                                                                         CNY ordinary
 Chen Hao                                                                                  1,088,143                              1,088,143
                                                                                                         shares
                                                                                                         CNY ordinary
 Wang Sixin                                                                                1,012,500                              1,012,500
                                                                                                         shares
 Explanation on associated relationship or consistent   The Company has no idea on whether the above 10 shareholders are associated or
 action of the above shareholders                       are acting in concert.
                                                        1. In addition to the 4,518,962 shares held through the ordinary securities account,
                                                        Wu Jilin, one of the shareholders of the Company, also holds 3,455,100 shares
                                                        through the client credit transaction guarantee securities account. Therefore, Wu
                                                        Jilin is actually holding 7,974,062 shares in total;
                                                        2. In addition to the 186,700 shares held through the ordinary securities account,
 Note to the top 10 shareholders involved in margin
                                                        Zhu Rui, one of the shareholders of the Company, also holds 1,500,000 shares
 financing & securities lending
                                                        through the client credit transaction guarantee securities account. Therefore, Zhu
 (if any)
                                                        Rui is actually holding 1,686,700 shares in total;
                                                        3. In addition to the 76,500 shares held through the ordinary securities account, Qu
                                                        Yongjie, one of the shareholders of the Company, also holds 1,274,000 shares
                                                        through the client credit transaction guarantee securities account. Therefore, Qu
                                                        Yongjie is actually holding 1,350,500 shares in total.

Note: Among the top 10 shareholders, there is a special repurchase account - “the Special Repurchase Securities
Account of FIYTA Precision Technology Co., Ltd." (the second place). The number of ordinary shares held at the end of
the reporting period was 7,987,217 shares. According to the regulation, the special repurchase account shall not be
presented in the list 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


Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)
The Company’s 2nd Session of the Tenth Board of Directors and the 5th Extraordinary General Meeting reviewed and
approved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B- Shares), and subsequently
disclosed the repurchase report and series of progress announcements in accordance with relevant regulations. For
the detail, please refer to the relevant announcements disclosed on www.cninfo.com.

Ended the reporting period, the Company accumulatively repurchased 7,987,217 B-shares in the Company through a
centralized bidding method with the special account for the securities repurchased , accounting for 1.88% of the
Company’s total share capital; the highest transaction price of the repurchased shares was HK$7.87 per share, and
the lowest transaction price was HK$7.42/share, the total amount paid was HK$ 61,438,781.55 (with the stamp duty,
commission and other transaction costs exclusive). The expiry date of the share repurchase plan is November 29,
2022.




                                                                                                                                               5
FIYTA Precision Technology Co., Ltd.                                             2022 Third Quarter Report


IV. Quarterly Financial Statements


(I) Financial Statements


1. Consolidated Balance Sheet


Prepared by FIYTA Precision Technology Co., Ltd.
                                               September 30, 2022
                                                                                                      In CNY
                        Items                   September 30, 2022               January 01, 2022
 Current assets:
   Monetary capital                                            298,218,481.51                  210,254,737.14
   Settlement reserve
   Inter-bank lending
   Transactional financial assets
   Derivative financial assets
   Notes receivable                                             37,729,552.62                   61,258,145.80
   Accounts receivable                                         380,833,588.79                  388,885,601.28
   Financing with accounts receivable
   Advance payment                                               8,198,328.73                       7,946,750.81
   Receivable premium
   Reinsurance accounts receivable
   Reserve for reinsurance contract
 receivable
   Other receivables                                            53,559,732.45                   61,553,267.82
     Including: Interest receivable
              Dividends receivable
   Redemptory monetary capital for sale
   Inventories                                               2,083,176,591.35                2,050,148,750.89
   Contract assets
   Held-for-sale assets
   Non-current assets due within a year
   Other current assets                                         26,165,577.27                   72,698,692.72
 Total current assets                                        2,887,881,852.72                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                                 57,618,231.83                   55,155,605.31
   Investment in other equity instruments                            85,000.00                        85,000.00
   Other non-current financial assets
   Investment-oriented real estate                             371,848,513.27                  383,425,916.35
   Fixed assets                                                339,120,730.97                  349,495,316.65
   Construction-in-progress
   Productive biological asset
   Oil and Gas Assets
   Use right assets                                            119,775,758.98                  147,932,475.42
   Intangible assets                                            32,632,101.61                   34,035,330.43
   Development expenses
   Goodwill
   Long term expenses to be apportioned                        153,026,476.24                  163,790,333.44
   Deferred income tax asset                                    89,316,039.54                   81,233,274.65
   Other non-current assets                                     46,619,121.49                   42,680,753.78
 Total non-current assets                                    1,210,041,973.93                1,257,834,006.03



                                                                                                                   6
FIYTA Precision Technology Co., Ltd.                                   2022 Third Quarter Report


 Total assets                                       4,097,923,826.65             4,110,579,952.49
 Current liabilities:
   Short term borrowings                             291,732,027.79               265,994,595.43
   Borrowings from central bank
   Loans from other banks
   Transactional financial liabilities
   Derivative financial liabilities
   Notes payable                                                                       21,223.10
   Accounts payable                                  186,741,003.39               254,588,895.34
   Advance Receipts                                   13,646,294.34                 11,025,664.72
   Contract liabilities                               14,699,897.90                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                  123,862,142.57               145,936,150.06
   Taxes payable                                      73,986,536.38                67,769,880.01
   Other payables                                    168,421,938.98               167,808,759.95
      Including: interest payable
              Dividends payable                         6,324,013.97                 5,015,026.30
   Service charge and commission payable
   Payable reinsurance
   Held-for-sale liabilities
   Non-current liabilities due within a year          98,693,784.76                86,949,906.35
   Other current liabilities                            1,889,450.12                 2,798,738.32
 Total current liabilities                           973,673,076.23              1,025,399,239.93
 Non-current liabilities:
   Reserve for insurance contract
   Long-term borrowings
   Bonds payable
      Including: preferred shares
              Perpetual bond
   Lease liabilities                                  27,944,019.03                64,918,722.10
   Long-term accounts payable
   Long term payroll payable to the
 employees
   Estimated liabilities
   Deferred income                                      2,042,833.90                 1,792,833.90
   Deferred income tax liability                        4,951,057.19                 5,236,514.03
   Other non-current liabilities
 Total non-current liabilities                        34,937,910.12                71,948,070.03
 Total liabilities                                  1,008,610,986.35             1,097,347,309.96
 Owner’s equity:
   Capital stock                                     425,615,177.00               426,051,015.00
   Other equity instruments
      Including: preferred shares
              Perpetual bond
   Capital reserve                                  1,046,707,191.87             1,040,908,194.13
   Less: shares in stock                             101,012,638.04                60,585,678.92
   Other comprehensive income                          -1,565,932.46                -7,658,346.40
   Special reserve                                      1,732,079.27                 1,062,731.13
   Surplus reserve                                   275,010,401.50               275,010,401.50
   Reserve against general risks
   Retained earnings                                1,442,826,561.16             1,338,444,326.09
 Total owners’ equity attributable to the parent   3,089,312,840.30             3,013,232,642.53

                                                                                                    7
FIYTA Precision Technology Co., Ltd.                                                                         2022 Third Quarter Report


 company
       Minority shareholders’ equity
 Total owner’s equity                                                         3,089,312,840.30                          3,013,232,642.53
 Total liabilities and owners’ equity                                         4,097,923,826.65                           4,110,579,952.49
Legal representative: Zhang Xuhua                    Chief Financial Officer: Song Yaoming Person in charge of the Accounting
Department: Tian Hui


2. Consolidation of the profit statement of the beginning of the year to that of the end of the reporting period


                                                                                                                                 In CNY
                          Items                        Amount incurred in the reporting period    Amount incurred in the previous period
 I. Turnover                                                                   3,385,434,370.84                          4,084,797,744.03
       Including: operating income                                             3,385,434,370.84                          4,084,797,744.03
              Interest income
              Earned insurance premium
              Service charge and commission
 income
 II. Total operating costs                                                     3,110,090,692.73                          3,655,882,863.34

       Including: Operating costs                                              2,138,260,571.41                          2,549,686,797.59

              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                                                22,677,261.49                             26,025,661.25
              Sales costs                                                        717,796,063.69                            823,138,774.82

              Administrative expenses                                            175,560,079.27                            189,433,471.27

              R & D expenditures                                                  36,809,093.83                             40,145,686.42

              Financial expenses                                                  18,987,623.04                             27,452,471.99

                Where: Interest cost                                              14,492,935.33                             18,551,509.47

                         Interest income                                           3,019,703.55                               2,906,297.16

       Plus: Other income                                                         15,909,068.98                              16,161,926.11

           Investment income (loss is stated with
                                                                                   2,462,626.52                               1,629,328.24
 “-”)

                Including: return on investment in
                                                                                   2,462,626.52                               1,629,328.24
 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 “-”)


                                                                                                                                             8
FIYTA Precision Technology Co., Ltd.                                   2022 Third Quarter Report


          Loss from impairment of credit (loss is
                                                         389,469.67                -1,039,778.07
 stated with “-”)
          Loss from impairment of assets (loss
                                                         -348,218.69               -1,200,014.39
 is stated with “-”)
          Income from disposal of assets (loss
                                                       -1,122,656.31                 -180,694.53
 is stated with “-“)
 III. Operating Profit (loss is stated with “-“)    292,633,968.28              444,285,648.05
    Plus: Non-operating income                           270,660.63                  252,422.44
    Less: Non-operating expenses                         765,159.53                 1,296,596.24
 IV. Total profit (total loss is stated with “-”)   292,139,469.38              443,241,474.25
    Less: Income tax expenses                          62,338,094.92              100,642,011.01
 V. Net Profit (net loss is stated with “-“)        229,801,374.46              342,599,463.24
    (I) Classification based on operation
 sustainability
       1. Net Profit from sustainable operation
                                                      229,801,374.46              342,599,463.24
 (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
 company’s shareholder (net loss is stated           229,801,374.46              342,579,405.96
 with “-”)
       2. Minority shareholders’ gain/loss (net
                                                                                       20,057.28
 loss is stated with “-”)
 VI. Net of other comprehensive income after
                                                        6,092,413.94               -7,877,044.81
 tax
    Net of other comprehensive income after
 tax attributable to the parent company’s              6,092,413.94               -7,844,704.19
 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
                                                        6,092,413.94               -7,844,704.19
 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 other
 creditor’s right investment
          3. Amount of the reclassified financial
 assets counted to the other comprehensive
 income
          4. Provision for impairment of the
 credit of the other creditor's right investment
          5. Reserve for cash flow hedge
          6. Conversion difference in foreign
                                                        6,092,413.94               -7,844,704.19
 currency statements


                                                                                                   9
FIYTA Precision Technology Co., Ltd.                                                                    2022 Third Quarter Report


         7. Others
   Net amount of other comprehensive
 income after tax attributable to minority                                                                                 -32,340.62
 shareholders
 VII. Total comprehensive income                                           235,893,788.40                             334,722,418.43
   (I) Total comprehensive income
                                                                           235,893,788.40                             334,734,701.77
 attributable to the parent company’s owner
   (II) Total comprehensive income
                                                                                                                           -12,283.34
 attributable to minority shareholders
 VIII. Earnings per share:
   (I) Basic earnings per share                                                     0.5524                                     0.7995
   (II) Diluted earnings per share                                                  0.5524                                     0.7995
Legal representative: Zhang Xuhua              Chief Financial Officer: Song Yaoming Person in charge of the Accounting
Department: Tian Hui


3.Cash flow statement from the beginning of the year to the end of the reporting period


                                                                                                                            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
                                                                         3,761,732,293.60                           4,500,004,848.59
 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                                                    4,693,824.88                                  332,318.54
   Other operation activity related cash
                                                                            59,781,844.08                              58,259,556.53
 receipt
 Subtotal of cash flow in from operating
                                                                         3,826,207,962.56                           4,558,596,723.66
 activity
   Cash paid for purchase of goods and
                                                                         2,468,862,583.75                           2,996,540,264.43
 reception of labor services

   Net increase of loans and advances to
 customers

   Net increase of due from central bank and
 due from other banks



                                                                                                                                      10
FIYTA Precision Technology Co., Ltd.                                  2022 Third Quarter Report


   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                       520,794,341.67               555,033,234.59
   Various taxes paid                               194,878,556.60               248,687,302.73
   Other operation activity related cash
                                                    241,090,876.76               390,125,168.61
 payments
 Subtotal of cash flow out from operating
                                                   3,425,626,358.78             4,190,385,970.36
 activity
 Net cash flows arising from operating
                                                    400,581,603.78               368,210,753.30
 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               187,785.69                    43,107.14
 other long term assets
   Net cash received from disposal of
 subsidiaries and other operating units
   Other investment activity related cash
 receipts
 Subtotal of cash flow in from investment
                                                        187,785.69                    43,107.14
 activity
   Cash paid for purchase/construction of
 fixed assets, Intangible assets and other            91,211,685.29              154,549,937.25
 long term assets
   Cash paid for investment
   Net increase of the pledged loan
   Net cash paid for acquisition of
 subsidiaries and other operation units
   Payment of other investment activity
 related cash
 Subtotal of cash flow out from investment
                                                      91,211,685.29              154,549,937.25
 activity
 Net cash flow arising from investment
                                                     -91,023,899.60              -154,506,830.11
 activities:
 III. Cash flow arising from fund-raising
 activities:
   Cash received from absorbing investment                                        58,216,000.00
      Incl.: Cash received from the
 subsidiaries’ absorption of minority
 shareholders’ investment
   Cash received from loans                         745,155,704.29               950,175,970.17
   Other financing activity related cash
 receipts
 Subtotal of cash flow in from fund raising
                                                    745,155,704.29              1,008,391,970.17
 activity
   Cash paid for debt repayment                     690,177,286.25              1,096,639,047.51
   Cash paid for dividend/profit distribution or
                                                    131,974,784.46               187,013,299.32
 repayment of interest



                                                                                              11
FIYTA Precision Technology Co., Ltd.                                                                 2022 Third Quarter Report


       Including: Dividend and profit paid by
 the subsidiaries to minority shareholders
     Cash paid for other financing related
                                                                       146,380,933.69                             58,958,288.96
 activities
 Sub-total of cash flow paid for fund-raising
                                                                       968,533,004.40                          1,342,610,635.79
 activities
 Net cash flow arising from fund-raising
                                                                       -223,377,300.11                          -334,218,665.62
 activities
 IV. Change of exchange rate influencing the
                                                                         1,783,340.30                               -814,994.44
 cash and cash equivalent
 V. Net increase of cash and cash equivalents                           87,963,744.37                           -121,329,736.87
     Plus: Opening balance of cash and cash
                                                                       210,254,737.14                            353,057,285.71
 equivalents
 VI. Ending balance of cash and cash
                                                                       298,218,481.51                            231,727,548.84
 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 third quarter report been audited
No




                                                                                             The Board of Directors of
                                                                                         FIYTA Precision Technology Co., Ltd.
                                                                                                 October 26, 2022




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