FIYTA Holding Ltd. 2017 Semi-annual Report, Summary Stock Codes: 000026 200026 Short form of the Stocks: FIYTA A and FIYTA B Announcement No: 2017-035 FIYTA Holdings Ltd.
2017 Semi-Annual Report, Summary
1. Important Notice
This summary of the Semi-annual Report is quoted out of the full text of the Semi-annual Report. Investors desirous to understand the Company's operation results, financial position and future development planning are advised to read carefully the full text of the Semi-annual Report which is publised in the media designated by CSRC.
Statement of objection by director, supervisor or senior executive
Inapplicable
All the directors attended the board meeting for reviewing the Semi-Annual Report.
Indication of non-standard audit opinions
Inapplicable
Proposal for distribution of common stock dividends or conversion of public reserve into capital stock for the reporting period reviewed by the Board Meeting
Inapplicable
Proposal for distribution of preferred stock dividends for the reporting period approved by resolution of the Board Meeting. Inapplicable
II. Company Profile
1. Company Information
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|-|-|-|-|-|
|Short form of the stocks|FIYTA A, FIYTA B|Stock Codes||000026, 200026|
|Stock Exchange Listed with|Shenzhen Stock Exchange||||
|Liaison Persons and the Way of|||||
||Secretary of the Board||Securities Affairs Representative||
|Contact|||||
|Names|Lu Wanjun||Zhang Yong||
||20th Floor, FIYTA Technology Building,Gaoxin S. Road One, Nanshan District,Shenzhen||20th Floor, FIYTA Technology Building,Gaoxin S. Road One, Nanshan District,Shenzhen||
|Office Address|||||
|Tel.|0755－86013198||0755－86013669||
|E-mail|investor@fiyta.com.cn||investor@fiyta.com.cn||

2. Summary of Financial Data and Financial Indicators
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years
No
FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
|||||||
|-|-|-|-|-|-|
||||||Year-on-year|
|||||Same period of the||
|||Reporting period|||increase/decrease in|
|||||previous year||
||||||the reporting period|
|Turnover in CNY|1,599,541,144.35||1,479,527,783.18||8.11%|
|Net profit attributable to the|86,708,824.76||60,513,019.44|||
||||||43.29%|
|Company’s shareholders, in CNY||||||
|Net profit attributable to the||||||
|Company’s shareholders less the||85,938,456.94||59,792,409.84|43.73%|
|non-recurring items, in CNY||||||
|Net cash flows arising from operating|276,715,660.53||217,609,732.54|||
||||||27.16%|
|activities, in CNY||||||
|Basic earning per share (CNY/share)|0.1976||0.1379||43.29%|
|Diluted earning per share|0.1976||0.1379|||
||||||43.29%|
|(CNY/share)||||||
|Return on equity, weighted average||||||
|||3.65%||2.59%|1.06%|
|(%)||||||
||||||Increase/decrease at|
|||End of the reporting||End of the previous|the end of the year over|
|||period||year|the end of the previous|
||||||year|
|Total assets, in CNY|3,844,990,865.80||4,004,897,562.72||-3.99%|
|Net assets attributable to the|2,421,373,416.41||2,371,370,535.17|||
|Company’s shareholders (owner’s||||||
||||||2.11%|
|equity attributable to the Company’s||||||
|shareholders, in CNY)||||||

III. Number of Shareholders and Shareholding
In Shares
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Total preference shareholders|||||
||Total common shareholders at|||36,599|||||with the voting power recovered|||0||
||the end of the reporting period||||||||at the end of the reporting period|||||
||||||||||(if any) (Refer to Note 8)|||||
||Shares held by the common shareholders holding over 5% shares or the top 10 common shareholders|||||||||||||
|||||||Shares held by the||||||Pledging or freezing||
||||Shares held by|||||Quantity at the end|||Number of the|||
||Shareholder|||||top ten||||||||
||||the top ten|||||of the reporting|||restricted shares|Status of the||
||names|||||shareholders|||||||Quantity|
||||shareholders|||||period|||held|shares||
|||||||(%)||||||||
|CATICShenzhenHoldingsLimited||State-ownedcorporate|||37.15%||162,977,327|||0||||
|ChongqingInternationalTrust Co., Ltd. -YUXIN No. 2Trust||Domesticnon-state-ownedcorporate|||2.07%||9,103,318|||0||||
|Yang Zugui||Domestic naturalperson|||1.35%||5,901,669|||0||||
|MANULIFETEDA Fund－MinshengBank－MANULIFETEDA ValueGrowthOrientedAdditionalIssue No. 351AssetsManagement||Domesticnon-state-ownedcorporate|||1.15%||5,043,559|||0||||

FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
||||||||
|-|-|-|-|-|-|-|
|Program|||||||
|XizangInvestmentCo., Ltd.||State-ownedcorporate|1.13%||4,976,551|0|
|Golden EagleFund-MinshengBank-GoldenEagle WenshiJunye FlexibleDisposition No.3 AssetsManagementProgram||Domesticnon-state-ownedcorporate|1.07%||4,674,329|0|
|ChongqingInternationalTrust Co., Ltd. -RongxintongSerial Order -Trust No. 10||Domesticnon-state-ownedcorporate|0.88%||3,870,700|0|
|ChinaMerchantsBank Co., Ltd.- HuitianfuMedicalServiceFlexibleAllocationHybridSecuritiesInvestmentFunds||Domesticnon-state-ownedcorporate|0.73%||3,199,886|0|
|Shenzhen HeliFengyuanCommerce &Trade Co., Ltd.||Domesticnon-state-ownedcorporate|0.61%||2,663,481|0|
|Xu Guoliang||Domestic naturalperson|0.58%||2,565,195|0|
|||||Of the top 10 shareholders, both MANULIFE TEDA Fund－ Chongqing International Trust Co., Ltd. -|||
||Explanation on associated||||||
|||||YUXIN No. 2 Trust and Chongqing International Trust Co., Ltd. - Rongxintong Serial Order - Trust No.|||
||relationship or consistent action of||||||
|||||10 are subsidiaries of Chongqing International Trust Co., Ltd. Both of them are holding totalling|||
||the above shareholders||||||
|||||12,974,018 shares in the Company, which takes 2.96% of the Company's total shares.|||
||Note to the shareholder(s)||||||
||involved in the securities|||Inapplicable|||
||margin trading (if any)||||||

4. Change of the Controlling Shareholder or Actual Controller
Inapplicable
5. Total preferred shareholders and the shareholding by the top 10 preferred shareholders Inapplicable
6. Company Bond
Does there exist any company bond which is issued to the public and listed with the stock exchange for trading and was due by the date when the Semi-annual Report was approved for issuing or failed to be fully cashed by the end of the reporting period.
No
III. Discussion and Analysis of the Business Conditions
FIYTA Holding Ltd. 2017 Semi-annual Report, Summary 1. Business Summary during the Reporting Period
Does the Company need to comply with the requirements on disclosure for special industries
No.
During the reporting period, the retail consumption industry especially the high-end consumable industry turned better to some extent and drove the domestic retail industry to gradually revive. However, the watch industry is still weak condition and is still confronted with big uncertainty. Under such background, the Company continued to insist on the corporate philosophy and brand development strategy, based on the annual strategic theme of "transformation" and "sublimation", the Company has focused on customer research and per unit yield improvement work, strove to lay solid foundation of management, spared no effort to making self-brand group and high efficiency famous brand watch comprehensive service system. In the first half year of 2017, with the joint efforts of all the staff, the Company realized a turnover amounting to CNY 1,599,541,144.35, a year-on-year growth by8.11%; realized net profit attributable to the shareholders amounting to CNY 86,708,824.76, a year-on-year growth by43.29%;
During the reporting period, HARMONY focused on the work theme of "recasting the foundation, deep ploughing for operation, customer research and innovation and development" in the business of world brand watches, has further improved its earning power, conducted deepened study on the customers, carried forward transformation and upgrading of the business model; during the reporting period, HARMONEY made improvement in channel optimization, per unit yield improvement, inventory turnover, profit growth, etc. further carried forward the business model transformation and upgrading, the famous brand watch repairing and e-commerce channel still kept steady and speedy growth. In the first half year of 2017, HARMONY realized operation revenue amounting to CNY 1,029,605,415.52, a year-on-year growth by6.6%. Meanwhile, Brand Gallery Watch has achieved good development in its retail business.
During the reporting period, the Company seized the opportunity of consumption upgrading of "FIYTA" Brand and other own brands, focused on customer research and the per unit yield, promoted resources integration and efficiency promotion, and achieve preliminary results of the strategy of multiple brands and whole channels. The Company took customer research for its own brand as the center, and attached importance on R& D of new products, success rate of listing, strictly conducted control over expenses and prices, optimized the inventory structure, practiced careful differentiation operation; improved the customers' satisfaction; further optimized the online and offline channels, laid solid foundation for channel cooperation and improved the channel quality; pressed close to the consumer's scenes of life, explored diversified marketing models, promoted transformation of brand marketing and promotion method; enhanced improvement of the terminal and shopping guide ability, reinforced construction of the brand maker in a sustainable way. During the reporting period, the Company realized operation revenue amounting to CNY485,622,271.67 with FIYTA Brand, a year-on-year growth of9.35%. In addition, the Company realized a good development in its new businesses, including intelligent watches,JONAS&VERUS Brand, JEEP Brand, e-commerce, overseas business, etc.
During the reporting period, FIYTA Watch R& D and Manufacture Center has put into operation and the Company kept steady growth of income from its properties, realized operation revenue amounting to CNY 51,281,774.36, a year-on-year growth of4.35%.
2. Matters in connection with the Financial Report
(1) Note to the change in the accounting policy, accounting estimates and accounting method in comparison with the financial report of the previous accounting period
Inapplicable
(2) Note of the necessity for retroactive restatement due to correction of significant accounting errors taken place during the reporting period
Inapplicable
(3) Note to the change of the consolidation scope in comparison with the financial report of the previous accounting period
Inapplicable