FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT Stock Code: 000026 200026 Short Form of Stock: FIYTA A, FIYTA B Announcement No:2016-020 FIYTA Holdings Ltd.
st
2016 1 Quarterly Report, Text
FIYTA HOLDINGS LTD. 2016 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. 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. 2016 1st QUARTERLY REPORT, TEXT Section 2 Financial Summary and Change of Shareholders I. Key Accounting Data and Financial Indicators
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 of|
|||||Same Period of the|the report period vs the|
|||Reporting period||||
|||||Previous Year|same period of the|
||||||previous year|
|Operating revenue, in CNY|732,961,459.52||894,056,260.25||-18.02%|
|Net profit attributable to the|27,251,347.69||44,967,185.35|||
||||||-39.40%|
|Company’s shareholders, in CNY||||||
|Net profit attributable to the||||||
|Company’s shareholders less the||27,249,320.31||44,409,083.60|-38.64%|
|non-recurring items, in CNY||||||
|Net cash flows arising from operating|97,495,185.15||109,358,176.80|||
||||||-10.85%|
|activities, in CNY||||||
|Basic earning per share (CNY/share)|0.0621||0.1145||-45.76%|
|Diluted earning per share|0.0621||0.1145|||
||||||-45.76%|
|(CNY/share)||||||
|Net assets-income ratio, weighted||||||
|||1.18%||2.70%|-1.52%|
|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|4,089,456,568.12||4,246,670,045.02||-3.70%|
|Net asset attributable to the|2,332,731,027.20||2,299,215,650.21|||
||||||1.46%|
|Company’s shareholders, 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|-26,982.38||
|of assets|||
|Government subsidy recognized in current gain and loss|||
|(excluding those closely related to the Company’s|||
||60,000.00||
|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|||
||-30,830.28||
|above items|||
|Less: Amount affected by the income tax|159.96||
|Amount affected by minority equity (after tax)|0.00||
|Total|2,027.38|--|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT 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. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In Shares
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Total preference||||||
|||||||||shareholders with the||||||
||Total common shareholders at|||||||||||||
||||||35,737|||voting power recovered at||||0||
||the end of the reporting period|||||||||||||
|||||||||the end of the reporting||||||
|||||||||period (if any)||||||
||Shares held by the Top Ten Shareholders|||||||||||||
||||||Proportion of|||||Number of|Pledged or frozen|||
||Shareholders’||Nature of||||Number of|||||||
||||||the shares|||||restricted|Status of the|||
||Names||Shareholders||||shares held||||||Q’ty|
||||||held|||||shares held|shares|||
|AVICInternationalHoldingsLimited||State-ownedcorporate||37.15%||162,977,327|||0|||||
|Golden EagleFund –MinshengBank –Golden EagleWen’s JunyeFlexibleAllocation No.3 AssetsManagementProgram||Domesticnon-state-owned corporate||2.08%||9,131,232|||4,674,329|||||
|ManulifeTeda Fund－MinshengBank -Manulife||Domesticnon-state-owned corporate||2.07%||9,093,259|||9,093,259|||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||
|-|-|-|-|-|
|Teda ValueGrowthDirectionalPrivatePlacementNo. 351AssetsManagementProgram|||||
|SWS MUAssets－ChinaMerchantsBank－ChinaResourcesSZITICTrust-RuihuaDirectionalPlacementHedge FundNo. 2AssemblyCapital TrustProgram|Domesticnon-state-owned corporate|1.92%|8,429,118|8,429,118|
|TibetAutonomousRegionInvestmentCo., Ltd.|Domesticnon-state-owned corporate|1.13%|4,976,551|4,976,551|
|ManulifeTeda Fund－ICBC－ManulifeTeda International TradeOrientDirectionalPlacementNo. 1 AssetsManagementProgram|Domesticnon-state-owned corporate|1.04%|4,546,630|4,546,630|
|China Life Insurance|Domesticnon-state-own|0.69%|3,039,000|0|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||||||
|-|-|-|-|-|-|-|-|-|
|CompanyLimited –Dividend –Dividend toIndividuals-005L-FH002Shen||ed corporate|||||||
|EssenceInternationalSecurities(Hong Kong)Limited||Foreigncorporate|0.59%||2,610,000|0|||
|Dai Wen||Domesticnatural person|0.46%||2,009,321|0|||
|Zhou Weixian||Domesticnatural person|0.44%||1,911,700|0|||
||Shares held by the Top Ten Shareholders of Non-restricted Shares||||||||
|||||Number of the non-restricted shares held|||Share type||
||Shareholders’ Names||||||||
||||||||Share type|Quantity|
|AVIC International HoldingsLimited|||162,977,327||||||
||||||||A-shares|162,977,327|
|Golden Eagle Fund – MinshengBank – Golden Eagle Wen’sJunye Flexible Allocation No. 3Assets Management Program|||4,456,903||||||
||||||||A-shares|4,456,903|
|China Life Insurance CompanyLimited – Dividend – Dividendto Individuals-005L-FH002Shen|||3,039,000||||||
||||||||A-shares|3,039,000|
|Essence InternationalSecurities (Hong Kong)Limited|||2,610,000||||||
||||||||B-shares|2,610,000|
|Dai Wen|||2,009,321||||A-shares|2,009,321|
|Zhou Weixian|||1,911,700||||A-shares|1,911,700|
|China Merchants Securities(HK) Co., Limited|||1,400,734||||||
||||||||B-shares|1,400,734|
|BOCHK INVESTMENTFUNDS-BOCHK CHINAGOLDEN DRAGON FUND|||768,531||||||
||||||||B-shares|768,531|
|VANGUARD TOTAL|||710,020||||B-shares|710,020|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||||||
|-|-|-|-|-|-|-|-|-|
|INTERNATIONAL STOCKINDEX FUND|||||||||
|Wu Xiaobo||683,082||||Others|683,082||
||||Of the top ten shareholders, Manulife Teda Fund－Minsheng Bank - Manulife||||||
|||||||||Manulife|
||||Teda Value Growth Directional Private Placement No. 351 Assets Management||||||
||Explanation on associated||Program and Manulife Teda Fund|－ICBC－|Manulife Teda International Trade||||
||relationship or concerted action||Orient Directional Placement No. 1 Assets Management Program are all||||||
||of the above shareholders||subordinate to Manulife Teda Fund Management Co., Ltd. The total 13,639,889||||||
||||shares in the Company held by them are all restricted shares issued by the||||||
||||Company in the private placement.||||||
||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
Inapplicable
FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT Section 3 Significant Events
I. Changes in the Principal Accounting Statement Items and Financial Indicators and the Causes
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Balance sheet items||Ending balance,||Opening balance.||Proportion of the||Causes of change|
||||In CNY||In CNY||change|||
|Other current assets||10,286,294.46||15,796,773.56||-34.88%||The input VAT not yetoffset at the beginningof the reporting periodwas offset in thereporting period||
|Other non-currentassets||7,458,521.88||5,118,833.65||45.71%||Advance payment forprocuring equipmentin the reporting periodincreased over thebeginning of thereporting period||
|Payroll payable||14,570,479.65||39,396,747.95||-63.02%||Year-end bonusprovided at the end of2015 was alreadypaid in the reportingperiod||
|Interest payable||2,699,771.70||19,211,630.02||-85.95%||The bond interestprovided at thebeginning of thereporting period wasalready paid in thereporting period||
|Other currentliabilities||11,348,265.60||1,988,252.38||470.77%||Expenses provided inthe reporting periodincreased over thebeginning of thereporting period||
|Liabilities payable||-||399,823,760.28||-100.00%||The company bondswere alreadyredeemed in thereporting period||
||||Amount in the||Same period of the||Proportion of the|||
||Profit statement items||||||||Causes of change|
||||reporting period,||previous year, in CNY||change|||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
|||||||
|-|-|-|-|-|-|
|||in CNY||||
|Operating profit|33,875,994.18||57,047,841.07|-40.62%|Sales income in thereporting perioddecreased over thesame period of theprevious year|
|Non-operatingincome|354,721.40||748,983.71|-52.64%|The governmentsubsidies received inthe reporting perioddecreased over thesame period of theprevious year|
|Non-operatingexpenditures|352,534.06||21,029.34|1576.39%|Donations paidamounted to CNY0.30 million in thereporting period|
|Income tax expense|6,776,540.61||12,659,974.81|-46.47%|The manufacturecompany fulfilled thework of review for thetitle of national hi-techenterprise at the endof 2015. In thereporting period, theincome tax wasprovided based onthe tax rate of 15%.|
|Net profit|27,101,640.91||45,115,820.63|-39.93%|Sales income in thereporting perioddecreased over thesame period of theprevious year|
|Net cash flow arisingfrom financialactivities|-162,719,505.43||115,981,884.34|-240.30%|In the reportingperiod, the freecapital was used torepay partial bankloans; as a result, theremaining interestbearing liabilitiesdecreased over thebeginning of thereporting period|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
1. Non-public Issuing
On January 15, 2016, the A-shares issued by private placement were registered for listing with Shenzhen Stock Exchange and the Company published the announcements on the listing and the related commitments. For the detail, refer to the Report on Issuing Shares by Private Placement and Announcement on Listing of the Shares 2016-003 and the Announcement on the Commitments for the Shares Issued by Private Placement 2016-004.
2. Related Transactions
The 5th meeting of the Eighth Board of Directors held on January 19, 2016 reviewed and approved the Proposal on Renewing the Financial Service Agreement with AVIC Finance Co., Ltd. For the detail, refer to the Announcement on the Resolutions of the 5th Meeting of the Eighth Board of Directors 2016-005 and the Announcement on the Related Transactions Involved in the Renewal of the Financial Service Agreement with AVIC Finance Co., Ltd. 2016-005 disclosed on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. The implementation of the proposal is subject to approval by the General Meeting.
3. Amendment of the Articles of Association
The 5th meeting of the Eighth Board of Directors held on January 19, 2016 reviewed and approved the Proposal on Amendment of the Articles of Association. For the detail, refer to the Announcement on the Resolutions of the 5th Meeting of the Eighth Board of Directors 2016-005. For the detail, refer to the Announcement on the Resolutions of the 5th Meeting of the Eighth Board of Directors 2016-005 disclosed on the Securities Times, Hong Kong Commercial Daily and www.cninfo.com.cn. The implementation of the proposal is subject to approval by the General Meeting.
4. Redemption of the Company's Bonds
The 4th meeting of the Eighth Board of Directors held on January 8, 2016 reviewed and approved the Proposal on Exercising the Option of Redeeming “12 YADA BOND” as the Company Bond Issuer. For this purpose, the Company published Indicative Announcements respectively on January 13, 2016, January 22, 2016, February 2, 2016 and February 23, 2016. For the detail, refer to the Announcement for Giving Up the Option of Up-regulation of the Nominal Interest Rate of the Company Bond Titled “12 YADA BOND” and theInvestor’s Option of Selling Back and Excercising the Redemption Option as the Issuer 2006-001, the First Indicative Announcement on Redemption of “12 YADA BOND” and Delisting 2016-002, the Second Indicative Announcement on Redemption of “12 YADA BOND” and Delisting 2016-010, the Third Indicative Announcement on Redemption of “12 YADA BOND” and Delisting 2016-011 and the Fourth Indicative Announcement on Redemption of “12 YADA BOND” and Delisting 2016-012. The redemption of the company bond was finished on February 29, 2016. For the detail, refer to the Announcement on the Result of Redemption of 12 YADA BONDS and Delisting 2016-013.
|||||
|-|-|-|-|
||||Inquiry index of the website for|
||Description of Significant Events|Date of Disclosure||
||||disclosing provisional reports|
|Announcement for Giving Up theOption of Up-regulation of theNominal Interest Rate of theCompany Bond Titled “12 YADABOND” and the Investor’s Option ofSelling Back and Excercising the||||
|||January 11, 2016|www.cninfo.com.cn|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||
|-|-|-|
|Redemption Option as the Issuer2006-001|||
|First Indicative Announcement onRedemption of “12 YADA BOND” andDelisting 2016-002|||
||January 13, 2016|www.cninfo.com.cn|
|Announcement on the Report onIssuing Shares by Private Placementand Listing 2016-003|||
||January 14, 2016|www.cninfo.com.cn|
|Announcement on the Commitmentsconcerning Issuing Shares by PrivatePlacement 2016-004|||
||January 14, 2016|www.cninfo.com.cn|
|Announcement on the Resolutions ofthe 5th Meeting of the Eighth Board ofDirectors 2016-005|||
||January 20, 2016|www.cninfo.com.cn|
|Announcement on the RelatedTransactions Involved in the Renewalof the Financial Service Agreementwith AVIC Finance Co., Ltd.2016-005|||
||January 20, 2016|www.cninfo.com.cn|
|Second Indicative Announcement onRedemption of “12 YADA BOND” andDelisting 2016-010.|||
||January 22, 2016|www.cninfo.com.cn|
|Third Indicative Announcement onRedemption of “12 YADA BOND” andDelisting 2016-011|||
||February 2, 2016|www.cninfo.com.cn|
|Fourth Indicative Announcement onRedemption of “12 YADA BOND” andDelisting 2016-012|||
||February 23, 2016|www.cninfo.com.cn|
|Announcement on the Result ofRedemption of 12 YADA BONDS andDelisting 2016-013|||
||February 26, 2016|www.cninfo.com.cn|

II. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
||||||||
|-|-|-|-|-|-|-|
|||Commitment|Description|Commitment|Commitment|Implementati|
|Commitments|Promiser||||||
|||type||time|deadline|on status|
|Commitment for Equity Separation|||||||
|Reform|||||||
|Commitments in the Acquisition Report|||||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||||
|-|-|-|-|-|-|-|
|or the Report on Change of the Equity|||||||
|Commitments at the assets|||||||
|reorganization|||||||
||||The||||
||||Company||||
||||commits that||||
||||in case it is||||
||||predicted that||||
||||the Company||||
||||may be||||
||||unable to||||
||||duly pay the||||
||||principal and||||
||||interest of the||Deadline of||
||||bond or fail to||the bonds||
||||duly pay the||(The valid||
||||principal and||term of the||
||||interest of the||bonds is 5||
||||bond when it||years||
|||||||Implementati|
||||is due, the||attached with||
|||||||on finished|
||||Company||the investors’||
|||||||(the|
||||shall at least||option of||
|||||||company|
||||take the||selling back,||
|Commitment made at IPO or|FIYTA|Other||February 27,||bonds had|
||||following||the||
|re-financing|Holdings Ltd.|commitments||2013||been|
||||measures: 1.||Company’s||
|||||||redeemed all|
||||not profit||option of||
|||||||and delisted|
||||distribution to||redemption||
|||||||by February|
||||the||and option of||
|||||||29, 2016)|
||||shareholders||up-regulation||
||||shall be||of the||
||||conducted. 2.||nominal||
||||implementati||interest rate||
||||on of any||at the end of||
||||capital||the 3rd year).||
||||expenditure||||
||||projects,||||
||||such as||||
||||material||||
||||external||||
||||investment,||||
||||acquisition||||
||||and merger,||||
||||etc. shall be||||
||||suspended.||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||||
|-|-|-|-|-|-|-|
|||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.|||||
|||Commitment|||||
|||by Caitong|||||
|||Fund|||||
|||Management|||||
|Caitong Fund||Co., Ltd.、|||||
|Management||Manulife|||||
|Co.,||Teda Fund|||||
|Ltd.;Manulife||Management|||||
|Teda Fund||Co., Ltd.、|||||
|Management||Tibet|||||
|Co., Ltd.;||Autonomous|||||
|Tibet||Region|||||
|Autonomous||Investment|||||
||Commitment||||||
|Region||Co., Ltd.,||||In process of|
||on restricted|||January 15,|||
|Investment||Golden Eagle|||1 year|implementat|
||sales of|||2016|||
|Co., Ltd.;||Fund||||ion|
||shares||||||
|Golden Eagle||Management|||||
|Fund||Co., Ltd. and|||||
|Management||SWS MU|||||
|Co., Ltd.;||(Shanghai)|||||
|SWS MU||Assets|||||
|(Shanghai)||Management|||||
|Assets||Co., Ltd. t|he||||
|||investors of|||||
|Management|||||||
|Co., Ltd.||the shares|||||
|||issued in the|||||
|||said private|||||
|||placement:|||||
|||The shares|||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||||||||
|-|-|-|-|-|-|-|
||||subscribed||||
||||by them in||||
||||the||||
||||non-public||||
||||Issuing shall||||
||||not be||||
||||assigned||||
||||within 12||||
||||months||||
||||commencing||||
||||from the date||||
||||of listing.||||
|Equity incentive commitment|||||||
||||Based on the||||
||||understandin||||
||||g of the||||
||||current||||
||||Chinese||||
||||capital||||
||||market and||||
||||confidence in||||
||||sustainable||||
||||and steady||||
||||development||||
||||||Refer to the||
||||of the||||
||||Company||Announceme||
||AVIC|Commitment|and with a||nt on||
|||||||In process of|
|Other commitment to the Company’s|International|for increasing|view to||Commitment||
|||||July 11, 2015||implementati|
|minority shareholders|Holdings|the|safeguarding||for the||
|||||||on|
||Limited|shareholding|the whole||Shares||
||||shareholders’||Acquired||
||||interests and||(2015-022)||
||||promoting||||
||||the capital||||
||||market to||||
||||keep steady||||
||||with practical||||
||||action, in||||
||||accordance||||
||||with the||||
||||Circular of||||
||||China||||
||||Securities||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
|||||||
|-|-|-|-|-|-|
|||Regulatory||||
|||Commission||||
|||on the Issue||||
|||concerning||||
|||Additional||||
|||Holding of||||
|||their||||
|||Company’s||||
|||Shares by||||
|||Major||||
|||Shareholders||||
|||, Directors,||||
|||Supervisors||||
|||and Senior||||
|||Executives of||||
|||Listed||||
|||Companies||||
|||(ZHENG||||
|||JIAN FA||||
|||[2015] No. 51||||
|||and the||||
|||relevant laws||||
|||and||||
|||regulations,||||
|||AVIC||||
|||International,||||
|||as the||||
|||Company’s||||
|||actual||||
|||controller,||||
|||intended to||||
|||increase the||||
|||holding size||||
|||of the||||
|||Company’s||||
|||shares||||
|||through AVIC||||
|||International||||
|||Investment||||
|||Co., Ltd. as||||
|||its person||||
|||acting in||||
|||concert.||||
|AVIC|Commitment|AVIC|July 13, 2015|Refer to the|In process of|

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
|||||||
|-|-|-|-|-|-|
||International|on restricted|International|Announceme|implementati|
||Holdings|sales of|Investment|nt on|on|
||Limited|shares|Limited, as|Commitment||
||||the person|for the||
||||acting in|Shares||
||||concert of|Acquired||
||||AVIC|(2015-022)||
||||International|||
||||Investment|||
||||Limited, the|||
||||Company’s|||
||||actual|||
||||controller,|||
||||acquired|||
||||additionally|||
||||100,000|||
||||shares of the|||
||||Company’s|||
||||shares from|||
||||the|||
||||secondary|||
||||market and|||
||||committed|||
||||that during|||
||||the increased|||
||||shareholding|||
||||and within 6|||
||||months after|||
||||the end of the|||
||||increased|||
||||shareholding,|||
||||it would not|||
||||assign any of|||
||||the|||
||||Company’s|||
||||shares|||
||||additionally|||
||||held by it to|||
||||any other|||
||||party.|||
|Have the commitments been||||||
||Yes|||||
|implemented in a timely way||||||
|If the commitment has not been||||||
||Inapplicable|||||
|implemented at the end of the reporting||||||

FIYTA HOLDINGS LTD. 2016 1st QUARTERLY REPORT, TEXT
||
|-|
|period, it is necessary to explain the|
|specific reason of failure in|
|implementation and the future work|
|plan.|

IV. Anticipation of Business Performance from January to June, 2016
Inapplicable
V. Investment in Securities
Inapplicable
VI. Investment in Derivatives
Inapplicable
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the Reporting Period
Inapplicable
VIII. Outward Guarantee against the Regulations
Inapplicable
IX. Non-operational Occupancy of theCompany’s Capital by the Controlling Shareholder and its Related Parties
Inapplicable