FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT FIYTA Holdings Ltd.
2015 1st Quarterly Report, Text
April, 2015
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT Section 1 Important Notice
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individually and collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report and confirm that there are neither material omissions nor errors which would render any statement misleading.
All the directors attended the board meeting for reviewing the quarterly report Mr. Xu Dongsheng, the Company leader, Mr. Hu Xinglong, chief financial officer, and Mr. Hu Xinglong, 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. 2015 1st QUARTERLY REPORT, TEXT Section 2 Financial Highlights and Change of Shareholders I. Financial Data Summary
Have the accounting data of the previous year undergone retroactive adjustment or restatement due to the change of accounting policy and/or correction of accounting errors, etc.
No
|||||
|-|-|-|-|
||||Increase/decrease in the|
|||Same period of the previous|reporting period vs the|
||Reporting period|||
|||year|corresponding period of the|
||||previous year (%)|
|Revenues in CNY|894,056,260.25|821,633,324.62|8.81%|
|Net profit attributable to the Company’s|44,967,185.35|44,214,332.41||
||||1.70%|
|shareholders, in CNY||||
|Net profit attributable to the Company’s||||
|shareholders less the non-recurring|44,409,083.60|42,765,447.98|3.84%|
|gains/losses, in CNY||||
|Net cash flows arising from operating activities,|109,358,176.80|31,053,528.68||
||||252.16%|
|in CNY||||
|Basic earning per share (CNY/share)|0.114|0.113|0.88%|
|Diluted earning per share (CNY/share)|0.114|0.113|0.88%|
|Net assets-income ratio , weighted average,||||
||2.70%|2.84%|-0.14%|
|(%)||||
||||Increase/decrease in the|
||End of the reporting period|End of the previous year|reporting period vs the end of|
||||the previous year (%)|
|Total assets, in CNY|3,937,180,930.97|3,657,781,647.20|7.64%|
|Net assets attributable to the Company’s|1,681,935,270.54|1,633,401,930.64||
|shareholders, in CNY|||2.97%|

 Non-recurring gains/losses and the amount involved
In CNY
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
||From year beginning to the end||
|Items||Note:|
||of the reporting period||
|||Gain/loss from disposal of partial|
|Gain/Loss from disposal of non-current assets (including the written-off|||
||53,057.37|obsolete office fixed assets in the|
|part with provision for impairment of assets already)|||
|||reporting period|
|Government subsidy recognized in current gains and losses (excluding||Governmental subsidy counted to|
|those closely related to the Company’s business and granted under the|653,451.99|the current gain and loss in the|
|state’s policies according to certain quota of amount or volume)||reporting period.|
|||Other various non-operating revenue|
|Income and expenses from the business other than the above items|21,445.01||
|||and expenditure|
|Less: Amount affecting the income tax|169,852.62||
|Amount affecting the minority shareholders’ equity (after tax)|0.00||
|Total|558,101.75|--|

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
In the reporting period there existed no such case of defining recurring gains and losses as non-recurring gains and losses as defined and illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to the Public– Non-recurring Gains and Losses
II. Total Shareholders at the End of the Reporting Period and Shareholding of the Top Ten Shareholders
1. About Total Common Stockholders and the Shares Held by Top Ten Common Stockholders
In Shares
||||||||
|-|-|-|-|-|-|-|
|Total common stockholders at the end|||||||
|||24,949|||||
|of the reporting period|||||||
|Shareholding of the top 10 common stockholders|||||||
||||||Pledging or freezing||
|||||Number of shares|||
|Names of||Shareholding|Number of shares|with trading limited|||
||Nature||||Status of the||
|Shareholders||proportion (%)|held|conditions held||Number|
||||||shares||
|AVIC International|State-owned|41.49%|162,977,327|0|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||||||
|-|-|-|-|-|-|-|
|Holdings Limited|corporate||||||
|China MerchantsSecurities Co., Ltd.|Domestic non-statecorporate|2.03%|7,970,387|0|||
|China InternationalCapital CorporationLimited|Domestic non-statecorporate|1.30%|5,117,502|0|||
|Penghua Asset -SPDB－ PenghuaAssets GaolanInvestment JinrunNo. 17 AssetsManagement Plan|Domestic non-statecorporate|1.18%|4,650,306|0|||
|Penghua Assets –Industrial Bank –Jinrun No. 16AssetsManagement Plan|Domestic non-statecorporate|1.08%|4,237,240|0|||
|Guangfa SecuritiesCo., Ltd.|Domestic non-statecorporate|0.92%|3,624,070|0|||
|YunnanInternational TrustCo., Ltd. – GoldenMonkey SecuritiesInvestment.Ruiyuan|Domestic non-statecorporate|0.89%|3,484,780|0|||
|Xu Liusheng|Domestic naturalperson|0.71%|2,788,420|0|||
|China MerchantsSecurities HongKong Limited|Foreign corporate|0.64%|2,510,591|0|||
|ESSENCEINTERNATIONALSECURITIES(HONG KONG)LIMITED|Foreign corporate|0.51%|2,000,000|0|||
|Shareholding of top 10 shareholders of unrestricted shares|||||||
|||Quantity of unrestricted shares held at the end of|||Share type||
|Shareholder’s Name|||||||
|||the reporting period|||Share type|Quantity|
|AVIC International Holdings Limited||162,977,327|||A-shares|162,977,327|
|China Merchants Securities Co., Ltd.||7,970,387|||A-shares|7,970,387|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
|||||
|-|-|-|-|
|China International Capital CorporationLimited|5,117,502|||
|||A-shares|5,117,502|
|Penghua Asset - SPDB－ PenghuaAssets Gaolan Investment Jinrun No.17 Assets Management Plan|4,650,306|||
|||A-shares|4,650,306|
|Penghua Assets – Industrial Bank –Jinrun No. 16 Assets Management Plan|4,237,240|||
|||A-shares|4,237,240|
|Guangfa Securities Co., Ltd.|3,624,070|A-shares|3,624,070|
|Yunnan International Trust Co., Ltd. –Golden Monkey Securities Investment.Ruiyuan|3,484,780|||
|||A-shares|3,484,780|
|Xu Liusheng|2,788,420|A-shares|2,788,420|
|China Merchants Securities Hong KongLimited|2,510,591|||
|||B-shares|2,510,591|
|ESSENCE INTERNATIONALSECURITIES (HONG KONG) LIMITED|2,000,000|||
|||B-shares|2,000,000|
|Explanation on associated relationship|Of the above shareholders, there existed no associated relationship between China Merchants|||
|or concerted action of the above|Securities Co., Ltd. and China Merchants Securities Hong Kong Limited and both of them are holding|||
|shareholders|10,480,978 shares of the Company’s shares,which is 2.67% of the total shares.|||
|Note to the top 10 common||||
|stockholders involved in margin|Inapplicable|||
|financing & securities lending (if any)||||

Was any of the top 10 common stockholders or top 10 common stockholders of non-restricted shares involved in the agreed repurchase trading during the reporting period
No
2．Total number of preferred stockholders and the shareholding of the top ten preferred stockholders at the end of the reporting period
Inapplicable
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT Section 3 Significant Events
I. Changes in the Principal Accounting Statement Items and Financial Indicators and the Causes
||||||
|-|-|-|-|-|
|Items|Ending balance|Opening balance|Proportion of|Causes|
||in CNY|In CNY|the change||
|Monetary capital|281,835,287.99|116,455,070.54|142.01%|Increase of the cash flow-in fromoperation activities and increase offlow-in of bank loans|
|Accountsreceivable|466,398,300.47|351,276,905.53|32.77%|With Increase of sales, partialreceivables have not been settledwithin the due period.|
|Other currentassets|7,517,304.60|14,421,516.43|-47.87%|The input VAT to be offset at thebeginning of the reporting period hasbeen offset during the reportingperiod.|
|Construction-in-progress|82,740,429.76|51,389,263.53|61.01%|Investment in the construction of thewatch industrial base project atGuangming New Zone in thereporting period.|
|Othernon-currentassets|0|31,500,000.00|-|In the reporting period, the parkingbuilding project of Shenyang 1928Mansion has been accepted uponinspection and the prepaid projectfund has been transferred to thefixed asset for accounting|
|Advance receipt|23,987,632.31|12,087,368.17|98.45%|The loan received in advance fromthe customers has increased in thereporting period|
|Payroll payable|13,143,867.43|38,648,432.41|-65.99%|Year-end bonus payable toemployees in 2014 has been paid inthe reporting period.|
|Tax payable|110,745,067.73|77,602,770.06|42.71%|The VAT payable at the end of thereporting period increased.|
|Interest payable|4,946,258.00|19,420,893.75|-74.53%|The second phase interest of thecorporate bonds in the reportingperiod amounting to CNY 21.60|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||||
|-|-|-|-|-|
|||||million.|
|Other payables|42,457,635.07|188,574,900.45|-77.49%|The borrowings repaid to AVICInternational Holdings in thereporting period amounting toCNY150 million.|
|Other currentliabilities|13,298,917.61|5,482,521.27|142.57%|Accrued expenses at the end of thereporting period increased over thebeginning of the reporting period.|

II. Progress of Significant Events, their Influences and the Solutions
Inapplicable
III.The commitments of the Company and its shareholders holding over5% of theCompany’s total shares in the reporting period or extending to the reporting period from previous year(s)
||||||||
|-|-|-|-|-|-|-|
|Commitments||Promiser|Description|Commitmenttime|Commitment term|Implementation|
||Commitment for Equity Separation Reform||||||
||Commitments in the acquisition report or the||||||
||written report on change of equity||||||
||Commitment made at the time of asset||||||
||reorganization||||||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||||||
|-|-|-|-|-|-|-|
|Commitment made at IPO or re-financing||AVICInternationalHoldingsLimited|The Company|February 27,2013|Deadline of thebonds (The validterm of the bondsis 5 years attachedwith the investors’option of sellingback, theCompany’s optionof redemption andoption ofup-regulation ofthe nominalinterest rate at theend of the 3rdyear).|In process ofimpementation|
||||commits that in case||||
||||it is predicted that||||
||||the Company may||||
||||be unable to duly||||
||||pay the principal and||||
||||interest of the bond||||
||||or fail to duly pay the||||
||||principal and interest||||
||||of the bond when it||||
||||is due, the Company||||
||||shall at least take the||||
||||following measures:||||
||||1. not profit||||
||||distribution to the||||
||||shareholders shall||||
||||be conducted. 2.||||
||||implementation of||||
||||any capital||||
||||expenditure projects,||||
||||such as material||||
||||external investment,||||
||||acquisition and||||
||||merger, etc. shall be||||
||||suspended. 3.||||
||||salaries and bonus||||
||||to the directors and||||
||||senior executives||||
||||shall be adjusted||||
||||down or suspended.||||
||||4. None of the key||||
||||officers may be||||
||||transferred out.||||
||Other commitments to the minority||||||
||shareholders||||||
||Has the commitment been timely|Yes|||||
||implemented?||||||
||The specific cause of failure in|Inapplicable|||||
||implementation and the next plan (if any)||||||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT Inapplicable
V. Investment in Securities
Inapplicable
VI. Explanation on the Holding of the Equity in other Listed Company
Inapplicable
VII. Investment in Derivatives
Inapplicable
VIII. Statement of such activities as reception, research, communication, interview in the reporting period
Inapplicable
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by Fiyta Holdings Ltd.
March 31, 2015
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT In CNY
||||
|-|-|-|
|Items|Ending balance|Opening balance|
|Current assets:|||
|Monetary fund|281,835,287.99|116,455,070.54|
|Settlement reserve|||
|Lendings|||
|Financial assets that are|||
|measured at fair value and changes|||
|in the value are charged to current|||
|gain and loss.|||
|Derivative financial assets|||
|Notes receivable|6,873,709.20|6,162,768.29|
|Accounts receivable|466,398,300.47|351,276,905.53|
|Prepayment|29,602,821.35|43,054,642.06|
|Receivable premium|||
|Reinsurance accounts|||
|receivable|||
|Reserve for reinsurance|||
|contract receivable|||
|Interest receivable|||
|Dividends receivable|||
|Other receivables|47,818,962.51|41,525,719.27|
|Redemptory monetary capital|||
|for sale|||
|Inventories|2,113,003,300.23|2,133,791,024.32|
|Held-for-sale assets as|||
|classified|||
|Non-current assets due within|||
|a year|||
|Other current assets|7,517,304.60|14,421,516.43|
|Total current assets|2,953,049,686.35|2,706,687,646.44|
|Non-current assets:|||
|Provision of loans and|||
|advance in cash|||
|Available-for-sale financial|||
||85,000.00|85,000.00|
|assets|||
|Held-to-due investments|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Long term accounts receivable|||
|Long-term equity investment|42,639,775.66|42,389,759.91|
|Investment based real estate|223,806,002.42|226,091,938.89|
|Fixed assets|365,034,864.15|323,732,870.58|
|Construction-in-process|82,740,429.76|51,389,263.53|
|Engineering supplies|||
|Disposal of fixed assets|||
|Productive biological asset|||
|Oil and gas assets|||
|Intangible assets|35,309,508.44|35,502,525.72|
|Development expenses|||
|Goodwill|||
|Long-term expenses to be|||
||139,892,191.68|149,733,566.03|
|apportioned|||
|Deferred income tax asset|94,623,472.51|90,669,076.10|
|Other non-current assets||31,500,000.00|
|Total non-current assets|984,131,244.62|951,094,000.76|
|Total Assets|3,937,180,930.97|3,657,781,647.20|
|Current liabilities:|||
|Short-term Loan|1,263,926,826.97|989,445,000.00|
|Due to the Central Bank|||
|Deposits taking and|||
|interbank placement|||
|Borrowing capital|||
|Financial liabilities measured|||
|based on the fair value and whose|||
|change was charged to the current|||
|gain and loss.|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|205,872,784.85|147,119,118.81|
|Advance receipts|23,987,632.31|12,087,368.17|
|Financial assets sold for|||
|repurchase|||
|Service charge and|||
|commission payable|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Accrued payroll|13,143,867.43|38,648,432.41|
|Payable taxes|110,745,067.73|77,602,770.06|
|Interest payable|4,946,258.00|19,420,893.75|
|Dividends payable|||
|Other payables|42,457,635.07|188,574,900.45|
|Payable reinsurance|||
|Reserve for insurance contract|||
|Acting trading securities|||
|Income from securities|||
|underwriting on commission|||
|Held-for-purchase liabilities as|||
|classified|||
|Non-current liabilities due|||
|within a year|||
|Other current liabilities|13,298,917.61|5,482,521.27|
|Total current liabilities|1,678,378,989.97|1,478,381,004.92|
|Non-current liabilities:|||
|Long-term Loan|170,399,470.60|139,952,425.65|
|Bonds payable|399,030,681.18|398,767,929.40|
|Including: preferred shares|||
|Perpetual bond|||
|Long-term accounts payable|||
|Long term accrued payroll|||
|Special accounts payable|||
|Predicted liabilities|||
|Deferred income|4,200,000.00|4,200,000.00|
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|573,630,151.78|542,920,355.05|
|Total Liabilities|2,252,009,141.75|2,021,301,359.97|
|Owner’s equity:|||
|Capital Stock|392,767,870.00|392,767,870.00|
|Other equity instruments|||
|Including: preferred shares|||
|Perpetual bond|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Capital Reserve|525,508,281.60|525,508,281.60|
|Less: shares in stock|||
|Other comprehensive income|-14,043,110.67|-17,609,265.22|
|Special reserve|||
|Surplus Reserve|165,915,466.89|165,915,466.89|
|Reserve against general risks|||
|Retained earnings|611,786,762.72|566,819,577.37|
|Total owners’ equity attributable to|||
||1,681,935,270.54|1,633,401,930.64|
|the parent company|||
|Minority shareholders’ equity|3,236,518.68|3,078,356.59|
|Total owner’s equity|1,685,171,789.22|1,636,480,287.23|
|Total liabilities and owners’ equity|3,937,180,930.97|3,657,781,647.20|

 Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting Department: Hu Xinglong
2. Balance Sheet (Parent Company)
in CNY
||||
|-|-|-|
|Items|Ending balance|Opening balance|
|Current assets:|||
|Monetary fund|96,036,839.29|37,060,566.79|
|Financial assets that are|||
|measured at fair value and changes|||
|in the value are charged to current|||
|gain and loss.|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|1,203,441.00|11,735,787.90|
|Prepayment|||
|Interest receivable|||
|Dividends receivable|||
|Other receivables|1,573,668,850.70|1,524,513,111.66|
|Inventories|||
|Held-for-sale assets as|||
|classified|||
|Non-current assets due within|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|a year|||
|Other current assets||503,071.74|
|Total current assets|1,670,909,130.99|1,573,812,538.09|
|Non-current assets:|||
|Available-for-sale financial|||
||85,000.00|85,000.00|
|assets|||
|Held-to-due investments|||
|Long term accounts receivable|||
|Long-term equity investment|773,439,495.66|773,189,479.91|
|Investment based real estate|223,806,002.42|226,091,938.89|
|Fixed assets|116,402,443.06|117,256,223.80|
|Construction-in-process|82,740,429.76|51,389,263.53|
|Engineering supplies|||
|Disposal of fixed assets|||
|Productive biological asset|||
|Oil and gas assets|||
|Intangible assets|28,975,796.79|29,165,984.08|
|Development expenses|||
|Goodwill|||
|Long-term expenses to be|||
||4,386,241.03|4,813,767.34|
|apportioned|||
|Deferred income tax asset|1,198,606.77|1,198,606.77|
|Other non-current assets|||
|Total non-current assets|1,231,034,015.49|1,203,190,264.32|
|Total Assets|2,901,943,146.48|2,777,002,802.41|
|Current liabilities:|||
|Short-term Loan|943,000,000.00|683,000,000.00|
|Financial liabilities measured|||
|based on the fair value and whose|||
|change was charged to the current|||
|gain and loss.|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|211,339.76|211,339.76|
|Advance receipts|3,102,394.45|3,484,435.98|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Accrued payroll|3,031,854.46|10,307,200.18|
|Payable taxes|3,700,730.85|3,505,501.05|
|Interest payable|4,535,079.92|18,139,997.63|
|Dividends payable|||
|Other payables|15,396,878.32|165,507,426.74|
|Held-for-purchase liabilities as|||
|classified|||
|Non-current liabilities due|||
|within a year|||
|Other current liabilities|||
|Total current liabilities|972,978,277.76|884,155,901.34|
|Non-current liabilities:|||
|Long-term Loan|45,361,928.00|15,361,928.00|
|Bonds payable|399,030,681.18|398,767,929.40|
|Including: preferred shares|||
|Perpetual bond|||
|Long-term accounts payable|||
|Long term accrued payroll|||
|Special accounts payable|||
|Predicted liabilities|||
|Deferred income|4,200,000.00|4,200,000.00|
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|448,592,609.18|418,329,857.40|
|Total Liabilities|1,421,570,886.94|1,302,485,758.74|
|Owner’s equity:|||
|Capital Stock|392,767,870.00|392,767,870.00|
|Other equity instruments|||
|Including: preferred shares|||
|Perpetual bond|||
|Capital Reserve|531,163,822.70|531,163,822.70|
|Less: shares in stock|||
|Other comprehensive income|||
|Special reserve|||
|Surplus Reserve|165,915,466.89|165,915,466.89|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Retained earnings|390,525,099.95|384,669,884.08|
|Total owner’s equity|1,480,372,259.54|1,474,517,043.67|
|Total liabilities and owners’ equity|2,901,943,146.48|2,777,002,802.41|

 Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting Department: Hu Xinglong
3. Consolidated Statement of Profit
in CNY
||||
|-|-|-|
|Items|Amount incurred in the reporting period|Amount incurred in the previous period|
|I. Turnover|894,056,260.25|821,633,324.62|
|Including: operating income|894,056,260.25|821,633,324.62|
|Interest income|||
|Earned insurance|||
|premium|||
|Service charge and|||
|commission income|||
|II. Total operating costs|837,258,434.93|768,987,329.63|
|Including: Operating costs|563,175,281.33|520,359,706.47|
|Interest payment|||
|Service charge and|||
|commission expenses|||
|Surrender Value|||
|Compensation expenses,|||
|net|||
|Provision of reserve for|||
|insurance contract, net|||
|Payment of policy|||
|dividend|||
|Reinsurance expenses|||
|Business Taxes and|||
||6,120,684.92|4,156,474.04|
|Surcharges|||
|Sales costs|200,820,706.69|176,298,576.57|
|Administrative expenses|41,435,305.05|41,325,302.92|
|Financial expenses|26,193,116.46|26,874,519.63|
|Loss from impairment of|||
||-486,659.52|-27,250.00|
|assets|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Plus: Income from change in fair|||
|value (loss stated with “-“)|||
|Investment return (loss|||
||250,015.75||
|stated with “-“)|||
|Including: return on|||
|investment in associate and joint|250,015.75||
|venture|||
|Exchange income (loss|||
|stated with “-“)|||
|III. Profit from businesses (loss stated|||
||57,047,841.07|52,645,994.99|
|with “-”)|||
|Plus: Non-operating income|748,983.71|1,928,542.34|
|Including: Gains from|||
||69,750.00|35,185.68|
|disposal of non-current assets|||
|Less: Non-operating expenses|21,029.34|50,952.59|
|Including: Loss from|||
||16,692.63|1,154.97|
|disposal of non-current assets|||
|IV. Total Profit (total loss stated with|||
||57,775,795.44|54,523,584.74|
|“-“)|||
|Less: Income tax expense|12,659,974.81|10,321,784.01|
|V. Net Profit (loss stated with “-“)|45,115,820.63|44,201,800.73|
|Net profit attributable to the|||
||44,967,185.35|44,214,332.41|
|parent company’s owner|||
|Minority shareholders’ gain and|||
||148,635.28|-12,531.68|
|loss|||
|VI. Net of other comprehensive|||
||3,575,681.36|315,084.44|
|income after tax|||
|Net of other comprehensive|||
|income after tax attributable to the|3,566,154.55|314,890.63|
|parent company’s owner|||
|(I) Other comprehensive income|||
|which cannot be re-classified into the|||
|gain and loss|||
|1. Movement of the net|||
|liabilities and net assets re-measured|||
|for setting the beneficial plan|||
|2. Share enjoyable in the|||
|other comprehensive income in which|||
|the investee cannot be re-classified|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|into the gain and loss under the equity|||
|method|||
|(II) Other comprehensive|||
|income which cannot be re-classified|3,566,154.55|314,890.63|
|into the gain and loss in future|||
|1. Share enjoyable in the|||
|other comprehensive income in which|||
|the investee cannot be re-classified|||
|into the gain and loss under the equity|||
|method in future|||
|2. Gain/loss from change|||
|in the fair value of the financial assets|||
|available for sale|||
|3. Gain/loss from which|||
|the held-to-maturity investment is|||
|re-classified as available-for-sale|||
|financial ssets|||
|4. Valid part of the|||
|gain/loss from cash flow hedge|||
|5. Conversion margin of|||
|the financial statements in foreign|3,566,154.55|314,890.63|
|currency|||
|6. Others|||
|Net amount of other|||
|comprehensive income after tax|9,526.81|193.81|
|attributable to minority shareholders|||
|VII. Total comprehensive income|48,691,501.99|44,516,885.17|
|Total comprehensive income|||
|attributable to the parent company’s|48,533,339.90|44,529,223.04|
|owner|||
|Total comprehensive income|||
||158,162.09|-12,337.87|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(I) Basic earnings per share|0.114|0.113|
|(II) Diluted earnings per share|0.114|0.113|

 Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT 4. Income Statement, Parent Company
in CNY
||||
|-|-|-|
|Items|Amount incurred in the reporting period|Amount incurred in the previous period|
|I. Operating income|22,727,222.97|22,061,761.38|
|Less: Operating cost|3,137,183.21|3,294,857.83|
|Business Taxes and|||
||1,190,476.40|1,304,856.52|
|Surcharges|||
|Sales costs|||
|Administrative expenses|11,616,774.75|10,586,721.37|
|Financial expenses|267,323.62|2,182,804.40|
|Loss from impairment of|||
||-503,603.10|-21,500.00|
|assets|||
|Plus: Income from change in|||
|fair value (loss stated with “-“)|||
|Investment return (loss|||
||250,015.75||
|stated with “-“)|||
|Including: return on|||
|investment in associate and joint|250,015.75||
|venture|||
|II. Operation profit (loss stated with|||
||7,269,083.84|4,714,021.26|
|“-“)|||
|Plus: Non-operating income|124,000.00|637,378.18|
|Including: Gains from|||
|||25,457.85|
|disposal of non-current assets|||
|Less: Non-operating expenses|14,678.42||
|Including: Loss from|||
||14,678.42||
|disposal of non-current assets|||
|III. Total Profit (total loss stated with|||
||7,378,405.42|5,351,399.44|
|“-“)|||
|Less: Income tax expense|1,523,189.55|1,342,374.96|
|IV. Net profit ( net loss is stated with|||
||5,855,215.87|4,009,024.48|
|“-“)|||
|V. Net of other comprehensive|||
|income after tax|||
|(I) Other comprehensive|||
|income which cannot be|||
|re-classified into the gain and loss|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|1. Movement of the net|||
|liabilities and net assets|||
|re-measured for setting the|||
|beneficial plan|||
|2. Share enjoyable in|||
|the other comprehensive income in|||
|which the investee cannot be|||
|re-classified into the gain and loss|||
|under the equity method|||
|(II) Other comprehensive|||
|income which cannot be|||
|re-classified into the gain and loss in|||
|future|||
|1. Share enjoyable in|||
|the other comprehensive income in|||
|which the investee cannot be|||
|re-classified into the gain and loss|||
|under the equity method in future|||
|2. Gain/loss from|||
|change in the fair value of the|||
|financial assets available for sale|||
|3. Gain/loss from which|||
|the held-to-maturity investment is|||
|re-classified as available-for-sale|||
|financial ssets|||
|4. Valid part of the|||
|gain/loss from cash flow hedge|||
|5. Conversion margin of|||
|the financial statements in foreign|||
|currency|||
|6. Others|||
|VI. Total comprehensive income|5,855,215.87|4,009,024.48|
|VII. Earnings per share:|||
|(I) Basic earnings per share|0.015|0.010|
|(II) Diluted earnings per share|0.015|0.010|

 Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting Department: Hu Xinglong
FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT 5. Consolidated Cash Flow Statement
in CNY
||||
|-|-|-|
|Items|Amount incurred in the reporting period|Amount incurred in the previous period|
|I. Cash flows arising from operating|||
|activities|||
|Cash received from sales of|||
||927,626,429.62|884,948,357.47|
|goods and supply of labor service|||
|Net increase of the customers’|||
|deposits and interbank placement|||
|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|||
|Net increase of the financial|||
|assets that are measured at fair|||
|value and whose movement is|||
|counted to the current gain and|||
|loss.|||
|Charge of cash interest,|||
|service charge and commission|||
|Net increase of loan from|||
|other banks|||
|Net increase of fund from|||
|repurchase business|||
|Rebated taxes received|||
|Cash received from other|||
||5,051,693.10|9,150,327.51|
|operating activities|||
|Sub-total of cash flow received from|||
||932,678,122.72|894,098,684.98|
|operation activities|||
|Cash paid for purchase of|||
||543,878,033.22|633,931,141.33|
|goods and reception of labor|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|services|||
|Net increase of loans and|||
|advances to the customers|||
|Net increase of amounts due|||
|from the central bank and other|||
|banks|||
|Cash from payment for|||
|settlement of the original insurance|||
|contract|||
|Cash for payment of interest,|||
|service charge and commission|||
|Cash for payment of policy|||
|dividend|||
|Cash paid to and for|||
||143,339,112.23|121,569,156.17|
|employees|||
|Taxes paid|46,881,750.25|26,556,443.68|
|Cash paid for other operating|||
||89,221,050.22|80,988,415.12|
|activities|||
|Subtotal of cash flow paid for|||
||823,319,945.92|863,045,156.30|
|operating activities|||
|Net cash flow arising from operating|||
||109,358,176.80|31,053,528.68|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from|||
|||1,400,000.81|
|investment recovery|||
|Cash received from return on|||
|investment|||
|Net cash received from|||
|disposal of fixed assets, intangible|180,800.00|1,496.04|
|assets and other long-term assets|||
|Net cash received from|||
|disposal of subsidiaries and other|||
|operating units|||
|Other investment related cash|||
|receipts|||
|Sub-total of cash flow-in received|||
||180,800.00|1,401,496.85|
|from investing activities|||
|Cash paid for purchase and|60,393,228.82|45,434,965.95|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|construction of fixed assets,|||
|intangible assets and other long|||
|term assets|||
|Cash paid for investment|||
|Net increase of the pledged|||
|loan|||
|Net cash paid for acquisition|||
|of subsidiaries and other operation|||
|units|||
|Cash paid for other|||
|investment related activities|||
|Sub-total of cash flow paid for|||
||60,393,228.82|45,434,965.95|
|investment activities|||
|Net cash flow arising from|||
||-60,212,428.82|-44,033,469.10|
|investment activities|||
|III. Cash flows arising from|||
|financing activities:|||
|Cash received from absorbing|||
|investment|||
|Incl.: Cash received from the|||
|subsidiaries’ absorption of minority|||
|shareholders’ investment|||
|Cash received from loans|724,334,150.66|584,310,000.00|
|Cash received from bond|||
|issuing|||
|Cash received from other|||
|financing activities|||
|Sub-total cash flow received from|||
||724,334,150.66|584,310,000.00|
|financing activities|||
|Cash paid for debt repayment|420,112,700.75|440,117,434.22|
|Cash paid for dividend/profit|||
||37,818,557.57|38,831,155.33|
|distribution or repayment of interest|||
|Including: Dividend and profit|||
|paid by the subsidiaries to minority|||
|shareholders|||
|Cash paid for other financing|||
||150,421,008.00|751,008.00|
|activities|||
|Sub-total cash flow paid for|||
||608,352,266.32|479,699,597.55|
|financing activities|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Net cash flow arising from financing|||
||115,981,884.34|104,610,402.45|
|activities|||
|IV. Change of exchange rate|||
|influencing the cash and cash|252,585.13|148,730.19|
|equivalent|||
|V. Net increase of cash and cash|||
||165,380,217.45|91,779,192.22|
|equivalents|||
|Plus: Opening balance of|||
||114,880,070.54|107,663,110.74|
|cash and cash equivalents|||
|VI. Ending balance of cash and|||
||280,260,287.99|199,442,302.96|
|cash equivalents|||

Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting Department: Hu Xinglong
6. ParentCompany’s 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|||
||31,984,503.43|24,284,508.27|
|goods and supply of labor service|||
|Rebated taxes received|||
|Cash received from other|||
||1,008,342.77|104,824,603.60|
|operating activities|||
|Sub-total of cash flow received from|||
||32,992,846.20|129,109,111.87|
|operation activities|||
|Cash paid for purchase of|||
|goods and reception of labor|||
|services|||
|Cash paid to and for|||
||19,274,568.28|14,481,604.56|
|employees|||
|Taxes paid|2,332,731.40|2,246,223.92|
|Cash paid for other operating|||
||28,044,499.05|3,872,596.27|
|activities|||
|Subtotal of cash flow paid for|||
||49,651,798.73|20,600,424.75|
|operating activities|||
|Net cash flow arising from operating|-16,658,952.53|108,508,687.12|

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from|||
|||1,400,000.81|
|investment recovery|||
|Cash received from return on|||
|investment|||
|Net cash received from|||
|disposal of fixed assets, intangible|100,800.00||
|assets and other long-term assets|||
|Net cash received from|||
|disposal of subsidiaries and other|||
|operating units|||
|Other investment related cash|||
|receipts|||
|Sub-total of cash flow-in received|||
||100,800.00|1,400,000.81|
|from investing activities|||
|Cash paid for purchase and|||
|construction of fixed assets,|||
||31,366,387.60|9,361,115.21|
|intangible assets and other long|||
|term assets|||
|Cash paid for investment|||
|Net cash paid for acquisition|||
|of subsidiaries and other operation|||
|units|||
|Cash paid for other|||
|investment related activities|||
|Sub-total of cash flow paid for|||
||31,366,387.60|9,361,115.21|
|investment activities|||
|Net cash flow arising from|||
||-31,265,587.60|-7,961,114.40|
|investment activities|||
|III. Cash flows arising from|||
|financing activities:|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|650,000,000.00|335,000,000.00|
|Cash received from bond|||
|issuing|||
|Cash received from other|||

FIYTA HOLDINGS LTD. 2015 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|financing activities|||
|Sub-total cash flow received from|||
||650,000,000.00|335,000,000.00|
|financing activities|||
|Cash paid for debt repayment|360,000,000.00|340,000,000.00|
|Cash paid for dividend/profit|||
||32,678,179.37|34,261,913.03|
|distribution or repayment of interest|||
|Cash paid for other financing|||
||150,421,008.00|751,008.00|
|activities|||
|Sub-total cash flow paid for|||
||543,099,187.37|375,012,921.03|
|financing activities|||
|Net cash flow arising from financing|||
||106,900,812.63|-40,012,921.03|
|activities|||
|IV. Change of exchange rate|||
|influencing the cash and cash|||
|equivalent|||
|V. Net increase of cash and cash|||
||58,976,272.50|60,534,651.69|
|equivalents|||
|Plus: Opening balance of|||
||35,485,566.79|27,929,968.24|
|cash and cash equivalents|||
|VI. Ending balance of cash and|||
||94,461,839.29|88,464,619.93|
|cash equivalents|||

Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting Department: Hu Xinglong
II.Auditors’ Report
Has the First Quarterly Report been audited?
No