FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary Stock Code: 000026 200026 Short Form of Stock: FIYTA A, FIYTA B Announcement No: 2019-025 FIYTA HOLDINGS LTD.
2019 First Quarterly Report, Summary
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary Section 1 Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually and collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and confirm that there are neither material omissions nor errors which would render any statement misleading.
All the directors attended the board meeting for reviewing the Quarterly Report.
Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of the accounting department (treasurer) hereby confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report.
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary Section 2 Company Profile
I. Summary of Accounting/Financial Data
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years No
|||||
|-|-|-|-|
||||Year-on-year|
|||The same period of the||
||Reporting period||increase/decrease in the|
|||previous year||
||||reporting period|
|Revenue in CNY|893,389,751.73|851,815,980.69|4.88%|
|Net profit attributable to the Company’s|64,359,084.46|59,518,000.75||
||||8.13%|
|shareholders, in CNY||||
|Net profit attributable to the Company’s||||
|shareholders less the non-recurring items, in|61,517,359.28|54,825,312.90|12.21%|
|CNY||||
|Net cash flows arising from operating activities,|10,730,388.47|67,632,201.86||
||||-84.13%|
|in CNY||||
|Basic earning per share (CNY/share)|0.1467|0.1357|8.11%|
|Diluted earning per share (CNY/share)|0.1453|0.1357|7.07%|
|Return on equity, weighted average|2.47%|2.38%|0.09%|
||||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)|3,579,986,668.73|3,599,691,650.26|-0.55%|
|Net profit attributable to the Company’s||||
||2,632,044,015.17|2,570,134,782.90|2.41%|
|shareholders, in CNY||||

Non-recurring gain/loss items and the amount involved
In CNY
||||
|-|-|-|
||Amount from the year beginning||
|Items||Note|
||to the end of the reporting period||
|Gain/loss from disposal of non-current assets, including the part offset|||
||-50,642.04||
|from the provision for impairment of assets|||
|The government subsidies included in the profits and losses of the|||
|current period ( (excluding government grants which are closely related|||
||3,807,765.25||
|to the Company’s business and conform with the national standard|||
|amount or quantity)|||
|Other non-operating income and expenses other than the aforesaid|-192,401.94||

FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary
||||
|-|-|-|
|items|||
|Less: Amount affected by the income tax|722,996.09||
|Total|2,841,725.18|--|

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to the Public– Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to the Public– Non-recurring Gains and Losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
Inapplicable
II. Statement of total shareholders and shares held by the top 10 shareholders by the end of the reporting period 1. Quantity of the shares held by the common shareholders and preferred shareholders whose voting rights are restored and statement of shareholding by the top 10 shareholders
In shares
||||||||
|-|-|-|-|-|-|-|
||||Total preference shareholders with the||||
|Total common shareholders at the end|||||||
|||31,835|voting power recovered at the end of the||0||
|of the reporting period|||||||
||||reporting period (if any)||||
|Shareholding by top 10 shareholders|||||||
|||||Number of the|Pledging or freezing||
|Name of the|Nature of the|Shareholding|Shareholding||||
|||||restricted shares|Status of the||
|Shareholder|shareholder|proportion|quantity|||Quantity|
|||||held|shares||
|AVIC InternationalHolding Limited|State corporate|36.79%|162,977,327|0|||
|Wan Zhongbo|Domestic naturalpersons|3.07%|13,599,327|0|||
|#Yang Zugui|Domestic naturalpersons|2.96%|13,108,917|0|||
|Mo Jiadong|Domestic naturalpersons|2.28%|10,084,635|0|||
|National SocialSecurity Fund 114Portfolio|State corporate|2.18%|9,657,744|0|||
|Xizang InvestmentCo., Ltd.|State corporate|1.12%|4,976,551|0|||
|MANULIFE TEDAFund－ MinshengBank－MANULIFETEDA Value|Domesticnon-state-ownedcorporate|1.10%|4,893,559|0|||

FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary
||||||||
|-|-|-|-|-|-|-|
|Growth OrientedAdditional IssueNo. 351 AssetsManagementProgram|||||||
|Shenzhen HeliFengyuanCommerce & TradeCo., Ltd.|Domesticnon-state-ownedcorporate|0.61%|2,704,000|0|||
|BANK OFCOMMUNICATIONS CO.,LTD -CHANGXINQUANTIFIEDPIONEER EQUITYFUND|Domesticnon-state-ownedcorporate|0.57%|2,532,201|0|||
|BANK OFCOMMUNICATIONS CO.,LTD -CHANG XINQUANTITATIVETYPE SMALL DISHSTOCKSECURITIESINVESTMENTFUND|Domesticnon-state-ownedcorporate|0.27%|1,201,200|0|||
|Shares held by top 10 shareholders of unrestricted shares|||||||
||||||Share type||
|Name of the Shareholder||Quantity of unrestricted shares held a|||||
||||||Share type|Quantity|
|AVIC International Holding Limited||162,977,327|||CNY ordinary||
|||||||162,977,327|
||||||shares||
|Wan Zhongbo||13,599,327|||CNY ordinary||
|||||||13,599,327|
||||||shares||
|#Yang Zugui||13,108,917|||CNY ordinary||
|||||||13,108,917|
||||||shares||
|Mo Jiadong||10,084,635|||CNY ordinary||
|||||||10,084,635|
||||||shares||
|National Social Security Fund 114Portfolio||9,657,744|||CNY ordinary||
|||||||9,657,744|
||||||shares||
|Xizang Investment Co., Ltd.||4,976,551|||CNY ordinary||
|||||||4,976,551|
||||||shares||

FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary
|||||
|-|-|-|-|
|MANULIFE TEDA Fund－ MinshengBank－MANULIFE TEDA Value GrowthOriented Additional Issue No. 351Assets Management Program|4,893,559|CNY ordinary||
|||shares||
||||4,893,559|
|Shenzhen Heli Fengyuan Commerce &Trade Co., Ltd.|2,704,000|CNY ordinary||
||||2,704,000|
|||shares||
|BANK OF COMMUNICATIONS CO.,LTD- CHANGXIN QUANTIFIED PIONEEREQUITY FUND|2,532,201|CNY ordinary||
|||shares|2,532,201|
|BANK OF COMMUNICATIONS CO.,LTD- CHANG XIN QUANTITATIVE TYPESMALL DISH STOCK SECURITIESINVESTMENT FUND|1,201,200|CNY ordinary||
|||shares||
||||1,201,200|
|Explanation on associated relationship||||
|or consistent action of the above|Inapplicable|||
|shareholders||||
|Note to the top 10 shareholders of||||
|ordinary shares involved in margin|Inapplicable|||
|financing & securities lending (if any)||||

Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct contractual repurchase during the reporting period?
No
2. Total preferred shareholders and the shareholding by the top 10 preferred shareholders Inapplicable
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary Section 3 Significant Events
Changes of the major financial data and financial indicators during the reporting period and the causes
||||||
|-|-|-|-|-|
|Items|The amount at the end of|The amount at the year|Variation proportion (%)|Cause of the movement|
||the reporting period|beginning|||
|Advance payments|20,318,636.22|13,666,816.33|48.67%|It was mainly due to theincrease of the advancepayment during the reportingperiod over the yearbeginning|
|Other non-current assets|5,458,879.75|8,949,160.42|-39.00%|It was mainly due to thedecrease of the payments forthe refurbishment andequipment to be settled at theend of the reporting periodover the year beginning|
|Accounts payable|191,577,235.91|259,913,612.34|-26.29%|It was mainly due to thepartial payment for goodsand the balance payment forthe works of the WatchIndustrial Base of GuangmingNew Zone during thereporting period|
|Advance Receipts|27,695,233.88|16,459,445.00|68.26%|It was mainly due to theincrease of the advances onsales during the reportingperiod over the yearbeginning|
|Payroll payable to theemployees|34,559,516.76|69,779,037.83|-50.47%|It was mainly due to that theyear-end bonus of the year2018 payable to theemployees was paid duringthe reporting period.|
|Taxes payable|36,099,094.50|55,923,171.92|-35.45%|It was mainly due to thedecrease of the VAT payableduring the reporting periodover the year beginning|
|Other comprehensive income|-9,009,290.73|-5,442,139.78|65.55%|It was mainly due to the|

FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary
||||||
|-|-|-|-|-|
|||||influence of the converteddifference in foreign currencystatements during thereporting period|
|Net cash flows arising fromoperating activities|10,730,388.47|67,632,201.86|-84.13%|It was mainly due to the priceof goods was paid during thereporting period and theamount of the accountspayable at the end of thereporting period decreased.|
|Net cash flows arising frominvestment activities|-50,729,730.85|-20,897,671.30|142.75%|It was mainly due to thebalance payment for theworks of the Watch IndustrialBase of Guangming NewZone partially paid during thereporting period|
|Net cash flows arising fromfinancing activities|22,731,443.97|63,445,267.85|-64.17%|It was mainly due to thedecrease of the bank loansover the same period of theprevious year during thereporting period|
|Net increase of cash andcash equivalents|-17,400,331.36|109,826,844.65|-115.84%|It was mainly due to thepayment for goods and thebalance payment for theworks of the Watch IndustrialBase of Guangming NewZone partially paid during thereporting period|

 II. Progress of significant events, their effects and analysis on the solutions
1. Grant of the restricted A-shares was completed
The 3rd session of the Ninth Board of Directors and 2019 1st Extraordinary General Meeting held respectively on November 12, 2018 and January 11, 2019 decided to start 2018 A-Share Restricted Stock Incentive Program (Phase I), which was later on reviewed and approved at the 5th session of the Ninth Board of Directors held on January 11, 2019, and the Company eventually granted 4.224 million restricted A-shares to 128 persons eligible for the incentive. The date of granting this part of restricted shares was January 11, 2019 (The lock-up period of these restricted shares was two years commencing from the date of granting). By January 30 2019, the work of granting the shares and registration for listing was completed. After the share granting, the Company's total capital stock increased to 442,968,881 shares. For the detail, refer to the Announcement on the Completion of Granting the Restricted A-Shares according to the Incentive
Plan (Phase I) (2019-009) disclosed in Securities Times, Hong Kong Commercial Daily and www.cninfo.com.
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary 2. Matters concerning Repurchase of theCompany’s Partial Domestically Listed Foreign Shares (B Shares) The 7th session of the Ninth Board of Directors held on April 4, 2019 reviewed and approved the Proposal for Repurchase o theCompany’s Partial Domestically Listed Foreign Shares (B Shares). For the detail, refer to the Announcement on the Resolutions of the 7th Session of the Ninth Board of Directors 2019-015 and the Proposal for Repurchase o theCompany’s Partial Domestically Listed Foreign Shares (B Shares) 2019-017 disclosed in 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 discussion.
In accordance with the relevant provisions of the Administration of Repurchase of Public Shares by Listed Companies Procedures (Trial Implementation), the Supplementary Provisions for Share Repurchase via Centralized Bidding Transactions by Listed Companies, the Rules of Shenzhen Stock Exchange for Implementation of Repurchase of Public Shares by Listed Companies, etc., the Company has disclosed the names of, the quantity of shares held by and the shareholding information of the top 10 shareholders and the top 10 shareholders of non-restricted shares one trading day before the publication of the resolution on share repurchase (namely April 4, 2019) and registered as at the date of registration of the equity of the general meeting (namely April 12, 2019). For the detail, refer to the Announcement on the Information of Shareholding by the Top Ten Shareholders before Share Repurchase 2019-020 and the Announcement on the Information of Shareholding by the Top Ten Shareholders before Share Repurchase 2019-022.
||||
|-|-|-|
|||Inquiry index of the provisional reports|
|General on Significant Events|Date of disclosure||
|||disclosed in the website.|
|The Announcement on the Completion ofGranting the Restricted A-Shares according tothe Incentive Plan (Phase I) (2019-009)|||
||January 29, 2019|http://www.cninfo.com.cn/|
|Announcement on the Resolution of the 7thSession of the Ninth Board of Directors,2019-015|||
||Monday, April 08, 2019|http://www.cninfo.com.cn/|
|Proposal for the Repurchase of the Company’sPartial Domestically Listed Foreign Shares (BShares) 2019-017|||
||Monday, April 08, 2019|http://www.cninfo.com.cn/|
|Announcement on the Information of theShareholding by the Top Ten Shareholdersbefore the Repurchase of the Shares 2019-020|||
||Friday, April 12, 2019|http://www.cninfo.com.cn/|
|Announcement on the Information of theShareholding by the Top Ten Shareholdersbefore the Repurchase of the Shares 2019-022|||
||Saturday, April 20, 2019|http://www.cninfo.com.cn/|

Progress of implementation of the stock repurchase
Inapplicable
Progress of implementation of reduction of the holding size of the shares repurchased by centralized bidding
Inapplicable
III. Commitments unfinished in implementation by the Company's actual controller, shareholders, related parties,
acquirer and the Company, etc. in the reporting period
Inapplicable
FIYTA HOLDINGS LTD. 2019 1st Quarterly Report, Summary IV. Prediction of the Operation Performances from January to June, 2019
Inapplicable
V. Portfolio investment
Inapplicable
VI. Investment in derivatives
Inapplicable
VII. Registration Form of Activities of Reception for Investigation and Survey, Communications, Interviews, etc. in the Reporting Period
Inapplicable
VIII. Outward guarantee against regulations
Inapplicable
IX. Non-operational Occupancy of theCompany’s Capital by the Controlling Shareholder and its Related Parties Inapplicable
FIYTA HOLDINGS LTD.
Board of Directors
April 23, 2019