FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
FIYTA HOLDINGS LTD.
2015 3rd Quarterly Report
October, 2015
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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 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 Annual 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, accuracy and
completeness of the financial report enclosed in this Quarterly Report.
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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.?
□ Yes √ No
Increase/decrease of the
End of the reporting end of the reporting period
End of the previous year
period vs the end of the previous
year
Total assets, in CNY 3,852,329,678.51 3,657,781,647.20 5.32%
Net assets attributable to the
Company’s shareholders, in 1,704,828,725.15 1,633,401,930.64 4.37%
CNY
Increase/decrease Increase/decrease
From year
of the reporting of the reporting
beginning to the
Reporting Period period vs the same period vs the same
end of the
period of the period of the
reporting period
previous year previous year
Turnover, in CNY 784,087,458.61 -7.63% 2,467,880,706.20 -0.95%
Net profit attributable to the
Company’s shareholders, in 33,505,446.25 -13.57% 106,614,865.98 -16.08%
CNY
Net profit attributable to the
Company’s shareholders less
31,372,100.25 -18.41% 103,330,185.52 -17.09%
the nonrecurring gain or loss,
in CNY
Net cash flows arising from
-- -- 259,235,018.33 16.15%
operating activities, in CNY
Basic earnings per share, in
0.0853 -13.58% 0.2714 -16.11%
CNY/share
Diluted earnings per share, in
0.0853 -13.58% 0.2714 -16.11%
CNY/share
Net assets-income ratio,
1.97% -0.52% 6.33% -1.74%
weighted average
Non-recurring gain/loss items and amount involved
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
in CNY
From year beginning to
Items the end of the report Note:
period
Refers to the gain or loss
Gain/loss from disposal of non-current assets, including
28,885.40 from disposal of partial
the part offset from the provision for impairment of assets.
obsolete office fixed assets
Government subsidy credited to the current gain and loss
Description of the
(except the government subsidies closely related with the
government subsidy
Company’s business and enjoyable according to the 4,107,739.59
counted to the current gain
unified standard quota or fixed amount specified by the
and loss
central government).
Operating income and expenses other than the aforesaid Other various non-operating
177,036.90
items income and expenses
Less: Amount affected by the income tax 1,028,981.43
Total 3,284,680.46 --
For the Company’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 and the Shares Held by Top Ten Common Shareholders at
the End of the Reporting Period
In shares
Total common shareholders at the
34,880
end of the reporting period
Shares held by the Top Ten Common Shareholders
Number of Pledged or frozen
Shareholders’ Nature of Proportion of Number of
restricted shares Status of the
Names Shareholders shares held shares held Q’ty
held shares
AVIC Internation State-owned
al Holdings Limit corporate 41.49% 162,977,327 0
ed
Domestic
Huatai Securities
non-state 0.97% 3,801,631 0
Co., Ltd.
corporate
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Penghua Asset -
SPDB－
Penghua Assets
Gaolan Domestic
Investment non-state 0.89% 3,510,006 0
Jinrun No. 17 corporate
Assets
Management
Plan
Zhongrong
International
Trust Co., Ltd.
- Zhongrong－
Domestic
Thriving
non-state 0.77% 3,011,700 0
Business No. 14
corporate
Securities
Investment
Assembled Fund
Trust Plan
Domestic natural
Dai Wen 0.51% 2,009,321 0
person
Essence
International Foreign
0.51% 2,000,000 0
Securities (Hong corporate
Kong) Ltd.
China Merchants
Foreign
Securities (HK) 0.37% 1,456,529 0
corporate
Co., Limited
Beijing Gaolan
Domestic
Investment
non-state 0.36% 1,424,827 0
Management
corporate
Center (LLP)
Guotai Domestic
Junan Securities non-state 0.35% 1,373,770 0
Co. Ltd. corporate
Harvest Capital -
ICBC -Haitong
MOM－ Domestic
Zhaoze Lifeng non-state 0.27% 1,059,463 0
No. 5 Assets corporate
Management
Plan
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Shares held by top 10 common shareholders of unrestricted shares
Quantity of unrestricted shares held Share types
Shareholders’ Names
Share types Quantity
AVIC International Holdings Limited 162,977,327 A-shares 162,977,327
Huatai Securities Co., Ltd. 3,801,631 A-shares 3,801,631
Penghua Asset - SPDB－ Penghua
Assets Gaolan Investment Jinrun No. 3,510,006 A-shares 3,510,006
17 Assets Management Plan
Zhongrong International Trust Co.,
Ltd.
- Zhongrong－Thriving Business No. 3,011,700 A-shares 3,011,700
14 Securities Investment
Assembled Fund Trust Plan
Dai Wen 2,009,321 A-shares 2,009,321
Essence International Securities
2,000,000 B-shares 2,000,000
(Hong Kong) Ltd.
China Merchants Securities (HK) Co.,
1,456,529 B-shares 1,456,529
Limited
Beijing Gaolan Investment
1,424,827 A-shares 1,424,827
Management Center (LLP)
Guotai Junan Securities Co. Ltd. 1,373,770 A-shares 1,373,770
Harvest Capital - ICBC -Haitong
MOM－Zhaoze Lifeng No. 5 Assets 1,059,463 A-shares 1,059,463
Management Plan
Of the above shareholders, Penghua Asset - SPDB－ Penghua Assets Gaolan Investment Jinrun
Explanation on associated
No. 17 Assets Management Plan and Beijing Gaolan Investment Management Center (LLP) belong
relationship or concerted action of the
to concerted actors as specified in the Measures for the Administration of Disclosure of Shareholder
above shareholders
Equity Changes of Listed Companies.
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.
□ Yes √ No
2 ． Total number of preferred stockholders and the shareholding of the top ten preferred
stockholders at the end of the reporting period
Inapplicable
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Section 3 Significant Events
I. Changes in the Principal Accounting Statement Items and Financial Indicators and
the Causes
Ending balance Opening balance Proportion of the
Items Causes
in CNY In CNY change
Net growth of the
cash and bank
loan for payment
of the goods
purchased and
labor accepted
from year
Monetary capital 161,268,979.59 116,455,070.54 38%
beginning to the
end of the
reporting period
over the same
period of the
previous year
decreased.
Increase of sales
and transition of
Accounts partial fund were
460,686,372.15 351,276,905.53 31%
receivable due to that no
settlement has yet
been conducted.
The input VAT not
yet offset at the
Other current beginning of the
7,381,110.28 14,421,516.43 -49%
assets reporting period
was offset in the
reporting period
Investment for
construction of the
watch industry
Construction-in-pr
119,862,350.00 51,389,263.53 133% base project
ogress
located in
Guangming New
Zone in the
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
reporting period.
Other non-current In the reporting
assets period, the parking
structure project of
Shenyang 1928
Buidling was
accepted in
- 31,500,000.00 -100%
inspection and the
advance payment
for the project was
transferred to the
fixed assets for
accounting.
Advance receipt Trade receivable
precollected from
29,368,126.05 12,087,368.17 143% customers
increased in the
reporting period.
Payroll payable Year-end bonus
payable to
employees for
23,705,974.29 38,648,432.41 -39%
year 2014 was
paid in the
reporting period
The borrowing
with sum of CNY
150 million was
Other payables 40,825,236.67 188,574,900.45 -78%
repaid to AVIC
International
Holdings Limited.
Expenses
provided at the
end of the
Other current
12,085,339.00 5,482,521.27 120% reporting period
liabilities
increased over the
beginning of the
reporting period
Government
Non-operating subsidies received
2,842,638.40 529,067.52 437%
income in the reporting
period increased
Non-business 33,411.19 168,823.00 -80% Loss from
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
expenditure disposal of
non-current assets
and outward
donation in the
reporting period
decreased over
the corresponding
period.
“The preferential
income tax rate for
hi-tech enterprises
supported by the
state” the
Manufacture
Company, one of
the Company’s
subsidiaries, used
to enjoy expired
on December 31,
Income tax
10,202,545.06 7,497,224.00 36% 2014 and the
expense
company is in
process of
application for the
said preferential
tax rate for
another period.
The business
income tax in the
reporting period
was paid at 25%
for time being.
II. Progress of Significant Events, their Influences and the Solutions
The Company published the Announcement on Suspension for Planning of Non-public Offering of Shares 2015-006,
which disclosed that the Company was planning to issue A-shares by means of non-public offering. Afterwards, the
Company held the 18th meeting of the Seventh Board of Directors and 2014 Annual General Meeting respectively on April
16, 2015 and June 17, 2015, which reviewed and approved some related proposals, including the Proposal on the
Company to Issue A-shares to the Specified Investors by means of Non-public Offering. For the detail, refer to the
Announcement on the Resolutions of the 18th Meeting of the Seventh Board of Directors 2015-008 and Announcement on
the Resolutions of 2014 Annual General Meeting 2015-020. The Company has received the official reply on the issuing of
A-shares by means of non-public offering from State-owned Assets Supervision and Administration Commission of the
State Council, submitted a report to China Securities Regulatory Commission and received the feedback comments. The
Company has submitted written reply to the relevant questions to the authority.
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Index for Inquiry with the Websites
Description of the Significant Events Date of Disclosure Where the Provisional Reports were
Disclosed
Announcement on that the
Application for Non-public Offering of
A-shares has been Accepted for
July 3, 2015 www.cninfo.com.cn
Examination and Approval Process
by China Securities Regulatory
Commission
Announcement of on that the
Company has Received the Notice of
Feedback Comments of China
September 9, 2015 www.cninfo.com.cn
Securities Regulatory Commission
on Examination of the Project for
Administrative Permission.
Announcement on Written Reply to
the Feedback Comments on the
September 19, 2015 www.cninfo.com.cn
Application Document for Non-public
Issuing of A-shares
Announcement on Adjustment of the
Issuing Price and Quantity of
September 19, 2015 www.cninfo.com.cn
A-shares to be Issued by Non-public
Offering
Announcement on Risk Warning on
the Diluted Spot Return on the
Shares Issued by Non-public Offering September 19, 2015 www.cninfo.com.cn
and the Measures the Company
plans to take.
Announcement on the Punishment
Imposed by the Securities Regulatory
Authority and the Stock Exchange or September 19, 2015 www.cninfo.com.cn
the Regulatory Measures and
Rectification in the Past Five Years
III.The commitments of the Company and its shareholders holding over 5% of the
Company’s total shares in the reporting period or extending to the reporting period
from previous year(s)
Commitment Commitment
Commitments Promiser Description Implementation
time term
Commitment for Equity Reform
Commitments in the acquisition report or the
written report on change of equity
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Commitment made at the time of asset
reorganization
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
The Company
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 Deadline of the
at least take the bonds (The
following valid term of the
measures: 1. bonds is 5
not profit years attached
distribution to with the
the investors’
shareholders option of selling
FIYTA shall be February 27, back, the In process of
Commitment made at IPO or re-financing
Holdings Ltd. conducted. 2. 2013 Company’s impementation
implementation option of
of any capital redemption and
expenditure option of
projects, such up-regulation of
as material the nominal
external interest rate at
investment, the end of the
acquisition and 3rd year).
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
12 officers may be
transferred out.
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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)
IV. Prediction of the Operation Performances of Year 2015
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
Discussion topics and
Reception Time Reception place Way of reception Types of Visitors Visitors received
provision of materials
Bank Of China
Investment
Management Co.,
Ltd., Huatai- Development trend of the
PineBridge Fund domestic luxury goods
Management Co., sector, some measures
Ltd., Bank of concerning the Company’s
August 20, 2015 The Company On-Site Survey Institutions Communications strategic development,
Schroders Fund brand construction and
Management Co., channel management.
Ltd., Shanghai Provision of the Company’s
Congrong public brochures in 2015.
Investment
Management Co.,
Ltd., UBS SDIC
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Fund Management
Co., Ltd.,
ICBC Credit
Suisse Asset
Management Co.,
Ltd.
Penghua Fund
Management Co.,
Ltd., UBS SDIC
Fund Management
Co., Ltd., China
Asset
Management Co., Development trend of the
Ltd., First Qianhai domestic luxury goods
Fund Management sector, some measures
Co., Ltd., concerning the Company’s
August 26, 2015 The Company On-Site Survey Institutions Shenzhen strategic development,
Chengze Assets brand construction and
Management Co., channel management.
Ltd., Guosen Provision of the Company’s
Securities Co., public brochures in 2015.
Ltd., Guotai
Junan Securities
Co., Ltd., Beijing
Paradox Asset
Management Co.,
Ltd.
Rongtong Fund
Management Co.,
Ltd., Sealand
Securities, Development trend of the
Kingstone domestic luxury goods
Investment, sector, some measures
Chinalin Securities concerning the Company’s
September 14,
The Company On-Site Survey Institutions Wealth strategic development,
2015
Management brand construction and
Center, China channel management.
Galaxy Securities,、 Provision of the Company’s
Shenzhen public brochures in 2015.
Shenming
Investment,
Founder Securities
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: FIYTA Holdings Ltd.
September 30, 2015
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 161,268,979.59 116,455,070.54
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 1,736,764.22 6,162,768.29
Accounts receivable 460,686,372.15 351,276,905.53
Prepayment 29,090,291.86 43,054,642.06
Receivable premium
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Interest receivable
Dividends receivable
Other receivables 45,252,165.60 41,525,719.27
Redemptory monetary
capital for sale
Inventories 2,117,993,628.24 2,133,791,024.32
Held-for-sale assets as
classified
Non-current assets due
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
within a year
Other current assets 7,381,110.28 14,421,516.43
Total current assets 2,823,409,311.94 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
Long term accounts
receivable
Long-term equity investment 42,829,759.91 42,389,759.91
Investment based real estate 219,234,129.49 226,091,938.89
Fixed assets 364,423,334.58 323,732,870.58
Construction-in-process 119,862,350.00 51,389,263.53
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 35,191,205.32 35,502,525.72
Development expenses
Goodwill
Long-term expenses to be
146,054,762.23 149,733,566.03
apportioned
Deferred income tax asset 101,239,825.04 90,669,076.10
Other non-current assets 31,500,000.00
Total non-current assets 1,028,920,366.57 951,094,000.76
Total Assets 3,852,329,678.51 3,657,781,647.20
Current liabilities:
Short-term Loan 1,162,017,000.00 989,445,000.00
Due to the Central Bank
Deposits taking and
interbank placement
Borrowing capital
Financial liabilities measured
based on the fair value and whose
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
change was charged to the current
gain and loss.
Derivative financial liabilities
Notes payable
Accounts payable 183,504,292.65 147,119,118.81
Advance receipts 29,368,126.05 12,087,368.17
Financial assets sold for
repurchase
Service charge and
commission payable
Accrued payroll 23,705,974.29 38,648,432.41
Payable taxes 94,077,547.51 77,602,770.06
Interest payable 13,428,719.75 19,420,893.75
Dividends payable
Other payables 40,825,236.67 188,574,900.45
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
106,990,000.00
within a year
Other current liabilities 12,085,339.00 5,482,521.27
Total current liabilities 1,666,002,235.92 1,478,381,004.92
Non-current liabilities:
Long-term Loan 73,941,450.91 139,952,425.65
Bonds payable 399,559,400.58 398,767,929.40
Including: preferred
shares
Perpetual bond
Long-term accounts payable
Long term accrued payroll
Special accounts payable
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Predicted liabilities
Deferred income 4,200,000.00 4,200,000.00
Deferred income tax liability 136,618.00
Other non-current liabilities
Total non-current liabilities 477,837,469.49 542,920,355.05
Total Liabilities 2,143,839,705.41 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
Capital Reserve 525,508,281.60 525,508,281.60
Less: shares in stock
Other comprehensive
-13,520,549.69 -17,609,265.22
income
Special reserve
Surplus Reserve 165,915,466.89 165,915,466.89
Reserve against general
risks
Retained earnings 634,157,656.35 566,819,577.37
Total owners’ equity attributable to
1,704,828,725.15 1,633,401,930.64
the parent company
Minority shareholders’ equity 3,661,247.95 3,078,356.59
Total owner’s equity 1,708,489,973.10 1,636,480,287.23
Total liabilities and owners’ equity 3,852,329,678.51 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 29,490,057.84 37,060,566.79
Financial assets that are
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
measured at fair value and
changes in the value are charged
to current gain and loss.
Derivative financial assets
Notes receivable
Accounts receivable 69,776.10 11,735,787.90
Prepayment
Interest receivable
Dividends receivable
Other receivables 1,568,870,033.46 1,524,513,111.66
Inventories
Held-for-sale assets as
classified
Non-current assets due
within a year
Other current assets 503,071.74
Total current assets 1,598,429,867.40 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 813,729,479.91 773,189,479.91
Investment based real estate 219,234,129.49 226,091,938.89
Fixed assets 114,796,581.12 117,256,223.80
Construction-in-process 119,862,350.00 51,389,263.53
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 28,863,153.65 29,165,984.08
Development expenses
Goodwill
Long-term expenses to be
4,338,130.69 4,813,767.34
apportioned
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Deferred income tax asset 1,198,606.77 1,198,606.77
Other non-current assets
Total non-current assets 1,302,107,431.63 1,203,190,264.32
Total Assets 2,900,537,299.03 2,777,002,802.41
Current liabilities:
Short-term Loan 820,000,000.00 683,000,000.00
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 3,222,054.41 3,484,435.98
Accrued payroll 4,860,426.90 10,307,200.18
Payable taxes 5,336,042.59 3,505,501.05
Interest payable 13,092,718.08 18,139,997.63
Dividends payable
Other payables 16,322,179.41 165,507,426.74
Held-for-purchase liabilities
as classified
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 863,044,761.15 884,155,901.34
Non-current liabilities:
Long-term Loan 51,361,928.00 15,361,928.00
Bonds payable 399,559,400.58 398,767,929.40
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
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 455,121,328.58 418,329,857.40
Total Liabilities 1,318,166,089.73 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
Retained earnings 492,524,049.71 384,669,884.08
Total owner’s equity 1,582,371,209.30 1,474,517,043.67
Total liabilities and owners’ equity 2,900,537,299.03 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 of the Reporting Period
in CNY
Amount incurred in the reporting Amount incurred in the previous
Items
period period
I. Turnover 784,087,458.61 848,840,097.66
Including: operating income 784,087,458.61 848,840,097.66
Interest income
Earned insurance
premium
Service charge and
commission income
II. Total operating costs 743,104,095.76 802,612,994.57
Including: Operating costs 467,440,370.00 538,744,992.26
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FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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
6,937,700.88 6,801,537.77
Surcharges
Sales costs 199,194,695.14 183,433,057.62
Administrative
47,489,993.69 46,388,346.56
expenses
Financial expenses 21,244,166.44 27,057,229.46
Loss from impairment
797,169.61 187,830.90
of assets
Plus: Income from change in
fair value (loss stated with “-“)
Investment return (loss
189,984.25
stated with “-“)
Including: return on
investment in associate and joint 189,984.25
venture
Exchange income (loss
stated with “-“)
III. Profit from businesses (loss
41,173,347.10 46,227,103.09
stated with “-”)
Plus: Non-operating income 2,842,638.40 529,067.52
Including: Gains from
disposal of non-current assets
Less: Non-operating
33,411.19 168,823.00
expenses
Including: Loss from
5,315.38 31,170.27
disposal of non-current assets
IV. Total Profit (total loss stated with 43,982,574.31 46,587,347.61
22
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
“-“)
Less: Income tax expense 10,202,545.06 7,497,224.00
V. Net Profit (loss stated with “-“) 33,780,029.25 39,090,123.61
Net profit attributable to the
33,505,446.25 38,765,648.21
parent company’s owner
Minority shareholders’ gain
274,583.00 324,475.40
and loss
VI. Net of other comprehensive
-2,936,915.29 7,164,757.46
income after tax
Net of other comprehensive
income after tax attributable to the -3,074,460.73 7,163,176.26
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 into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
-3,074,460.73 7,163,176.26
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 assets
23
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
4. Valid part of the
gain/loss from cash flow hedge
5. Conversion margin
of the financial statements in foreign -3,074,460.73 7,163,176.26
currency
6. Others
Net amount of other
comprehensive income after tax 137,545.44 1,581.20
attributable to minority shareholders
VII. Total comprehensive income 30,843,113.96 46,254,881.07
Total comprehensive income
attributable to the parent company’s 30,430,985.52 45,928,824.47
owner
Total comprehensive income
412,128.44 326,056.60
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.0853 0.0987
(II) Diluted earnings per share 0.0853 0.0987
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
4. Statement of Profit, Parent Company in the Reporting Period
in CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Operating income 23,288,510.10 20,672,145.67
Less: Operating cost 3,551,411.17 3,192,125.13
Business Taxes and
1,358,561.78 1,199,186.19
Surcharges
Sales costs
Administrative expenses 12,473,021.13 11,420,921.93
Financial expenses -26,200.60 -306,105.46
Loss from impairment of
assets
Plus: Income from change in
fair value (loss stated with “-“)
24
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Investment return (loss
189,984.25
stated with “-“)
Including: return on
investment in associate and joint 189,984.25
venture
II. Operation profit (loss stated
6,121,700.87 5,166,017.88
with “-“)
Plus: Non-operating income 162,288.80 -63,000.00
Including: Gains from
disposal of non-current assets
Less: Non-operating
52,482.77
expenses
Including: Loss from
32,482.77
disposal of non-current assets
III. Total Profit (total loss stated
6,283,989.67 5,050,535.11
with “-“)
Less: Income tax expense 1,302,358.44 1,271,244.82
IV. Net profit ( net loss is stated
4,981,631.23 3,779,290.29
with “-“)
V. Net of other comprehensive
income after tax
(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 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
25
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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 4,981,631.23 3,779,290.29
VII. Earnings per share:
(I) Basic earnings per share 0.013 0.010
(II) Diluted earnings per
0.013 0.010
share
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
5. Consolidated Statement of Profit from the Year Beginning to the End of the Reporting Period
in CNY
Amount incurred in the reporting Amount incurred in the previous
Items
period period
I. Turnover 2,467,880,706.20 2,491,454,888.63
Including: operating income 2,467,880,706.20 2,491,454,888.63
Interest income
Earned insurance
premium
Service charge and
commission income
II. Total operating costs 2,333,109,565.41 2,342,405,735.91
Including: Operating costs 1,505,422,091.35 1,576,805,702.03
Interest payment
26
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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
22,016,317.43 17,116,254.81
Surcharges
Sales costs 585,491,923.06 533,194,378.01
Administrative
147,621,170.34 131,240,538.95
expenses
Financial expenses 72,133,953.23 81,253,907.95
Loss from impairment
424,110.00 2,794,954.16
of assets
Plus: Income from change in
fair value (loss stated with “-“)
Investment return (loss
440,000.00 -504,563.21
stated with “-“)
Including: return on
investment in associate and joint 440,000.00 -504,563.21
venture
Exchange income (loss
stated with “-“)
III. Profit from businesses (loss
135,211,140.79 148,544,589.51
stated with “-”)
Plus: Non-operating income 4,692,473.67 3,719,050.09
Including: Gains from
69,750.00 37,755.19
disposal of non-current assets
Less: Non-operating
378,811.78 719,463.88
expenses
Including: Loss from
40,864.60 62,216.89
disposal of non-current assets
IV. Total Profit (total loss stated with
139,524,802.68 151,544,175.72
“-“)
27
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Less: Income tax expense 32,464,205.29 24,070,751.31
V. Net Profit (loss stated with “-“) 107,060,597.39 127,473,424.41
Net profit attributable to the
106,614,865.98 127,049,521.31
parent company’s owner
Minority shareholders’ gain
445,731.41 423,903.10
and loss
VI. Net of other comprehensive
527,679,950.32 430,439,001.16
income after tax
Net of other comprehensive
income after tax attributable to the 527,542,790.37 430,429,813.67
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 into the gain and loss
under the equity method
(II) Other comprehensive
income which cannot be
527,542,790.37 430,429,813.67
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
28
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
gain/loss from cash flow hedge
5. Conversion margin
of the financial statements in foreign 527,542,790.37 430,429,813.67
currency
6. Others
Net amount of other
comprehensive income after tax 137,159.95 9,187.49
attributable to minority shareholders
VII. Total comprehensive income 634,740,547.71 557,912,425.57
Total comprehensive income
attributable to the parent company’s 634,157,656.35 557,479,334.98
owner
Total comprehensive income
582,891.36 433,090.59
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.2714 0.3235
(II) Diluted earnings per share 0.2714 0.3235
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
6. Statement of Profit from the Year Beginning to the End of the Reporting Period, Parent
Company
in CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Operating income 70,818,511.00 63,638,348.74
Less: Operating cost 10,497,922.56 9,689,141.20
Business Taxes and
3,886,791.98 3,635,978.14
Surcharges
Sales costs
Administrative expenses 37,513,075.12 34,078,330.75
Financial expenses 163,512.56 1,129,857.68
Loss from impairment of
-434,290.83 -4,394.68
assets
Plus: Income from change in
fair value (loss stated with “-“)
Investment return (loss 131,828,140.58 98,096,881.70
29
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
stated with “-“)
Including: return on
investment in associate and joint 440,000.00 -504,563.21
venture
II. Operation profit (loss stated
151,019,640.19 113,206,317.35
with “-“)
Plus: Non-operating income 336,288.80 798,031.28
Including: Gains from
25,457.85
disposal of non-current assets
Less: Non-operating
14,678.42 202,482.77
expenses
Including: Loss from
14,678.42 32,482.77
disposal of non-current assets
III. Total Profit (total loss stated
151,341,250.57 113,801,865.86
with “-“)
Less: Income tax expense 4,210,297.94 3,823,105.11
IV. Net profit ( net loss is stated
147,130,952.63 109,978,760.75
with “-“)
V. Net of other comprehensive
income after tax
(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 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
30
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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 147,130,952.63 109,978,760.75
VII. Earnings per share:
(I) Basic earnings per share 0.375 0.280
(II) Diluted earnings per
0.375 0.280
share
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
7 Consolidated Statement of Cash Flow from the Year Beginning to the End of the Reporting
Period
in CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Cash flows arising from
operating activities
Cash received from sales of
2,710,512,975.70 2,738,548,888.14
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
31
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
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
66,770,510.80 27,323,472.93
operating activities
Sub-total of cash flow received
2,777,283,486.50 2,765,872,361.07
from operation activities
Cash paid for purchase of
goods and reception of labor 1,620,192,462.33 1,791,523,107.29
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
32
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Cash paid to and for
370,380,904.77 331,642,712.75
employees
Taxes paid 201,711,794.01 154,287,983.30
Cash paid for other
325,763,307.06 265,219,264.50
operating activities
Subtotal of cash flow paid for
2,518,048,468.17 2,542,673,067.84
operating activities
Net cash flow arising from
259,235,018.33 223,199,293.23
operating activities
II. Cash flows arising from
investing activities:
Cash received from
investment recovery
Cash received from return
on investment
Net cash received from
disposal of fixed assets, intangible 196,417.11 6,231.04
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
196,417.11 6,231.04
from investing activities
Cash paid for purchase and
construction of fixed assets,
159,522,254.84 110,333,566.60
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
159,522,254.84 110,333,566.60
investment activities
33
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Net cash flow arising from
-159,325,837.73 -110,327,335.56
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 1,560,609,499.90 1,111,311,527.15
Cash received from bond
issuing
Cash received from other
13,500,000.00 1,259.01
financing activities
Sub-total cash flow received from
1,574,109,499.90 1,111,312,786.16
financing activities
Cash paid for debt
1,367,075,091.78 1,060,885,718.23
repayment
Cash paid for dividend/profit
distribution or repayment of 112,344,442.93 116,849,348.74
interest
Including: Dividend and
profit paid by the subsidiaries to
minority shareholders
Cash paid for other financing
151,274,743.60 2,295,383.00
activities
Sub-total cash flow paid for
1,630,694,278.31 1,180,030,449.97
financing activities
Net cash flow arising from
-56,584,778.41 -68,717,663.81
financing activities
IV. Change of exchange rate
influencing the cash and cash 1,489,506.86 472,670.21
equivalent
V. Net increase of cash and cash
44,813,909.05 44,626,964.07
equivalents
Plus: Opening balance of
114,880,070.54 107,663,110.74
cash and cash equivalents
VI. Ending balance of cash and
159,693,979.59 152,290,074.81
cash equivalents
34
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
8. Statement of Cash Flow from the Year Beginning to the End of the Reporting Period, Parent
Company
in CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Cash flows arising from
operating activities
Cash received from sales of
82,247,515.39 304,278,335.75
goods and supply of labor service
Rebated taxes received
Cash received from other
22,238,816.99 3,155,227.35
operating activities
Sub-total of cash flow received
104,486,332.38 307,433,563.10
from operation activities
Cash paid for purchase of
goods and reception of labor
services
Cash paid to and for
39,016,286.84 33,040,768.68
employees
Taxes paid 7,574,468.57 5,812,634.45
Cash paid for other
11,010,953.47 239,770,318.05
operating activities
Subtotal of cash flow paid for
57,601,708.88 278,623,721.18
operating activities
Net cash flow arising from
46,884,623.50 28,809,841.92
operating activities
II. Cash flows arising from
investing activities:
Cash received from
1,400,000.00
investment recovery
Cash received from return
131,388,140.58 88,741,300.42
on investment
Net cash received from
disposal of fixed assets, intangible 100,800.00 3,000.00
assets and other long-term assets
35
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related
cash receipts
Sub-total of cash flow-in received
131,488,940.58 90,144,300.42
from investing activities
Cash paid for purchase and
construction of fixed assets,
71,195,437.30 22,365,762.49
intangible assets and other long
term assets
Cash paid for investment 40,100,000.00
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
111,295,437.30 22,365,762.49
investment activities
Net cash flow arising from
20,193,503.28 67,778,537.93
investment activities
III. Cash flows arising from
financing activities:
Cash received from
absorbing investment
Cash received from loans 1,246,000,000.00 715,000,000.00
Cash received from bond
issuing
Cash received from other
1,259.01
financing activities
Sub-total cash flow received from
1,246,000,000.00 715,001,259.01
financing activities
Cash paid for debt
1,073,000,000.00 710,500,000.00
repayment
Cash paid for dividend/profit
distribution or repayment of 96,373,892.13 101,314,631.47
interest
Cash paid for other financing
151,274,743.60 895,383.00
activities
36
FIYTA HOLDINGS LTD. 2015 3rd Quarterly Report
Sub-total cash flow paid for
1,320,648,635.73 812,710,014.47
financing activities
Net cash flow arising from
-74,648,635.73 -97,708,755.46
financing activities
IV. Change of exchange rate
influencing the cash and cash
equivalent
V. Net increase of cash and cash
-7,570,508.95 -1,120,375.61
equivalents
Plus: Opening balance of
35,485,566.79 27,929,968.24
cash and cash equivalents
VI. Ending balance of cash and
27,915,057.84 26,809,592.63
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong Person in charge of the Accounting
Department: Hu Xinglong
II. Auditors’ Report
The Company’s 3rd Quarterly Report has not been audited.
37
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