FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT Stock Code: 000026 200026 Short Form of Stock: FIYTA A, FIYTA B Announcement No: 2017-007 FIYTA Holdings Ltd.
2017 First Quarterly Report, Text
FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT Section 1 Important Notes
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 Quarterly 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. Chen Zhuo, the chief financial officer, and Mr. Tian Hui, the manager of the accounting department (treasurer) hereby confirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarterly Report.
FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT Section 2 Company Information
I. Key Accounting Data and Financial Indicators
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change of the accounting policy and correction of accounting errors
No
|||||||
|-|-|-|-|-|-|
||||||Increase/decrease of|
|||Reporting period||Same Period of the|the report period vs the|
|||||Previous Year|same period of the|
||||||previous year|
|Operating revenue, in CNY|817,002,183.65||732,961,459.52||11.47%|
|Net profit attributable to the|45,319,028.27||27,251,347.69|||
||||||66.30%|
|Company’s shareholders, in CNY||||||
|Net profit attributable to the||||||
|Company’s shareholders less the||45,377,622.54||27,249,320.31|66.53%|
|non-recurring items, in CNY||||||
|Net cash flows arising from operating|122,917,899.12||97,495,185.15|||
||||||26.08%|
|activities, in CNY||||||
|Basic earning per share (CNY/share)|0.1033||0.0621||66.34%|
|Diluted earning per share|0.1033||0.0621|||
||||||66.34%|
|(CNY/share)||||||
|Net assets-income ratio, weighted||||||
|||1.89%||1.18%|0.71%|
|average||||||
||||||Increase/decrease of|
|||End of the reporting||End of the previous|the end of the report|
|||period||year|period vs the end of the|
||||||previous year|
|Total assets, in CNY|3,891,426,215.47||4,004,897,562.72||-2.83%|
|Net assets attributable to the|2,421,119,766.09||2,371,370,535.17|||
||||||2.10%|
|Company’s shares, in CNY||||||

Non-recurring gain/loss items and the amount involved
In CNY
||||
|-|-|-|
||From year beginning to||
|Items|the end of the reporting|Notes|
||period||
|Gain and loss from disposal of non-current assets,|||
|including the part offset with the provision for impairment|-4,148.67||
|of assets|||

FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Government subsidy recognized in current gain and loss|||
|(excluding those closely related to the Company’s|||
||201,900.00||
|business and granted under the state’s policies according|||
|to certain quota of amount or volume)|||
|Income and expenses from the business other than the|||
||-280,730.68||
|above items|||
|Less: Amount affected by the income tax|-24,385.08||
|Total|-58,594.27|--|

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. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. Statement of Total Shareholders of Common Shares and the Referred Shares with the Voting Power Recovered and the Shares Held by Top Ten Shareholders
In shares
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Total shareholders of||||||
||Total shareholders of common|||||||||||||
|||||||||preferred shares with||||||
||shares at the end of the||||36,884|||||||0||
|||||||||voting power recovered (if||||||
||reporting period|||||||||||||
|||||||||any)||||||
||Shares held by the Top Ten Shareholders|||||||||||||
|||||||||||Number of|Pledged or frozen|||
||Shareholders’||Nature of||Proportion of||Number of|||||||
|||||||||||restricted|Status of the|||
||Names||Shareholders||shares held||shares held||||||Q’ty|
|||||||||||shares held|shares|||
|CATICShenzhenHoldings Limited||State-ownedcorporate||37.15%||162,977,327|||0|||||

FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT
||||||
|-|-|-|-|-|
|MANULIFETEDA Fund－Minsheng Bank－MANULIFETEDA ValueGrowth OrientedAdditional IssueNo. 351 AssetsManagementProgram|Domesticnon-state-ownedcorporate|1.39%|6,099,959|0|
|Xizang Investment Co., Ltd.|State-ownedcorporate|1.13%|4,976,551|0|
|Chongqing International TrustCo., Ltd. -CITNo. 2 Trust|Domesticnon-state-ownedcorporate|1.07%|4,698,740|0|
|Golden EagleFund- MinshengBank-GoldenEagle WenshiJunye FlexibleDisposition No. 3AssetsManagementProgram|Domesticnon-state-ownedcorporate|1.07%|4,674,329|0|
|MANULIFETEDAFund-ICBC-MANULIFETEDA GUOMAODONGFANGDINGZENGBAONo.1 AssetsManagementProgram|Domesticnon-state-ownedcorporate|0.96%|4,200,000|0|
|Xu Guoliang|Domesticnatural person|0.58%|2,544,395|0|
|Dai Wen|Domesticnatural person|0.46%|2,009,321|0|

FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT
||||||||||
|-|-|-|-|-|-|-|-|-|
|EssenceInternationalSecurities (HongKong) Limited||Overseascorporate|0.46%||2,000,000|0|||
|Zhonghai TrustCo., Ltd. -Zhonghai Jufa-New ShareAppointedSubscription No.3 Fund Trust||Domesticnon-state-ownedcorporate|0.45%||1,996,160|0|||
||Shareholding of top 10 shareholders of unrestricted shares||||||||
|||||Quantity of unrestricted shares held at the end of the|||Share type||
||Shareholder’s Name|||reporting period|||||
||||||||Share type|Quantity|
|CATIC Shenzhen Holdings Limited|||162,977,327||||A-shares|162,977,327|
|MANULIFE TEDA Fund－ MinshengBank－MANULIFE TEDA ValueGrowth Oriented Additional Issue No.351 Assets Management Program|||6,099,959||||||
||||||||A-shares|6,099,959|
|Xizang Investment Co., Ltd.|||4,976,551||||A-shares|4,976,551|
|Chongqing International Trust Co.,Ltd. -CIT No. 2 Trust|||4,698,740||||||
||||||||A-shares|4,698,740|
|Golden Eagle Fund- MinshengBank-Golden Eagle Wenshi JunyeFlexible Disposition No. 3 AssetsManagement Program|||4,674,329||||||
||||||||A-shares|4,674,329|
|MANULIFE TEDA Fund-ICBC-MANULIFE TEDA GUOMAODONGFANG DINGZENGBAO No.1Assets Management Program|||4,200,000||||||
||||||||A-shares|4,200,000|
|Xu Guoliang|||2,544,395||||A-shares|2,544,395|
|Dai Wen|||2,009,321||||A-shares|2,009,321|
|Essence International Securities(Hong Kong) Limited|||2,000,000||||||
||||||||B-shares|2,000,000|
|Zhonghai Trust Co., Ltd. - ZhonghaiJufa- New Share AppointedSubscription No. 3 Fund Trust|||1,996,160||||||
||||||||A-shares|1,996,160|
||Explanation to the associated|||Of the top 10 shareholders, both MANULIFE TEDA Fund－ Minsheng Bank－MANULIFE TEDA|||||
||relationship or consistent action|||Value Growth Oriented Additional Issue No. 351 Assets Management Program and MANULIFE|||||

FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT
|||
|-|-|
|among the aforesaid shareholders.|TEDA Fund-ICBC- MANULIFE TEDA GUOMAO DONGFANG DINGZENGBAO No.1 Assets|
||Management Program are subsidiaries of MANULIFE TEDA Fund Management Co, Ltd.; the total|
||10,299,959 shares in the Company held by them are all restricted shares issued non-publically.|
||These restricted shares were all relieved for trading commencing from January 16, 2017.|
|Note to the top 10 shareholders||
|involved in margin financing &|Inapplicable|
|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 shareholders of the Company's preferred shares and statement of shareholding of the top 10 shareholders of the preferred shares
Inapplicable
FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT Section 3 Significant Events
I. Movements and the causes of major financial data and financial indicators in the reporting period
||||||
|-|-|-|-|-|
|Items in Balance Sheet|||||
||||Change rate||
|Items|Ending balance|O pening balance||Cause of Change|
||||(%)||
|||||It was mainly due increase of|
|Notes receivable|11,401,129.29|7,662,556.28|48.79%|acceptance bills received in the|
|||||reporting period|
|||||It was mainly due to increase of the|
|Other non-current assets|||||
||14,210,754.64|10,681,518.91|33.04%|advance payment for equipment|
|||||purchase|
|||||It was mainly due to that the bonus|
|Accrued payroll|23,827,983.80|45,254,585.69|-47.35%|payable to employees for year 2016|
|||||were paid in the reporting period|
|||||It was mainly due to that partial long|
|Non-current liabilities due||||term loan due within a year at the year|
||8,000,000.00|26,117,387.52|-69.37%||
|within a year||||beginning was repaid in the reporting|
|||||period|
|||||It was mainly due to increase of the|
|Other current liabilities|12,966,626.25|2,379,148.19|445.01%|accrued expenses at the end of the|
|||||reporting period|
|Items in Profit Statement|||||
|||Same Period of|||
||Reporting||Change rate||
|Items||the Previous||Reason of Change|
||Period||(%)||
|||Year|||
|||||It was mainly due to decrease of the|
|Financial expenses|14,236,954.13|18,789,950.59|-24.23%|interest-bearing liabilities and drop of|
|||||interest rate|
||60,159,931.47|33,878,181.52|77.58%|It was mainly due to growth of the|
|Total profit||||revenue from principal business and|
|||||improvement of earning power|
|||||It was mainly due to that with|
|Income tax expenses|14,949,437.81|6,776,540.61|120.61%|improvement of the earning power, the|
|||||income tax increased correspondingly|
|Items of Cash Flow Statement|||||

FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT
||||||
|-|-|-|-|-|
||From year||||
|||Same Period of|||
||beginning to the||Change rate||
|Items||the Previous||Reason of Change|
||end of the||(%)||
|||Year|||
||reporting period||||
|||||It was mainly due to that the principal|
|Cash paid for purchase and||||works of the Watch Industry Base in|
|construction of fixed assets,||||Guangming New Zone was completed|
||27,525,982.75|49,904,732.71|-44.84%||
|intangible assets and other||||in construction and the relevant|
|long term assets||||investment in the reporting period|
|||||reduced.|
|||||It was mainly due to that the|
|||||interest-bearing liabilities due in the|
|Cash received from loans|150,000,000.00|315,000,000.00|-52.38%||
|||||reporting period decreased over the|
|||||same period of the previous year|
|||||It was mainly due to that the|
|||||interest-bearing liabilities due in the|
|Cash paid for debt repayment|2 87,848,859.66|443,053,583.30|-35.03%||
|||||reporting period decreased over the|
|||||same period of the previous year|
|||||It was mainly due to that with decrease|
|Cash paid for dividend/profit|||||
|||||of the interest-bearing liabilities and|
|distribution or repayment of|11,238,305.01|33,673,252.94|-66.63%||
|||||drop of the interest rate, the interest|
|interest|||||
|||||payment decreased correspondingly.|

 II. Progress of Significant Events, its Impacts and the Solutions
Inapplicable
III. Failure in Due Fulfillment of Commitments of the Actual Controllers, Shareholders, Affiliates, and Acquirers of Listed Companies as Well as the Listed Companies during the Reporting Period
Inapplicable
IV. Prediction of the Operation Results of January to June 2017
Inapplicable
V. Investment in Securities
Inapplicable
VI. Investment in Derivatives
Inapplicable
FIYTA HOLDINGS LTD. 2017 FIRST QUARTERLY REPORT, TEXT VII. Registry of such Activities as Reception of the Visitors of Survey, Communications, Interview, etc. during the Reporting Period
|||||
|-|-|-|-|
||||Reference to the basic information in|
|Reception time|Way of reception|Types of visitors received||
||||the survey|
|15th February 2017|On-the-spot survey|Institution|www.cninfo.com.cn|
|15th March 2017|On-the-spot survey|Institution|www.cninfo.com.cn|

VIII. Outward Guarantee against the Regulations
Inapplicable
IX. TheCompany’s Fund Occupied by its Controlling Shareholder or Related Party for Non-operation Purpose
Inapplicable
The Board of Directors of FIYTA Holdings Ltd.
April 19, 2017