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
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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
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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,
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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
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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.
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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
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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
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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 “-”)
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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
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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
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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
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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
12
