FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
FIYTA HOLDINGS LTD.
2016 1st Quarterly Report
April, 2016
1
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
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.
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FIYTA HOLDINGS LTD. 2016 1st 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.?
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 --
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
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, 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
AVIC
International State-owned
37.15% 162,977,327 0
Holdings corporate
Limited
Golden Eagle
Fund –
Minsheng
Bank –
Golden Eagle Domestic
Wen’s Junye non-state-own 2.08% 9,131,232 4,674,329
Flexible ed corporate
Allocation No.
3 Assets
Management
Program
Manulife
Teda Fund－ Domestic
Minsheng non-state-own 2.07% 9,093,259 9,093,259
Bank - ed corporate
Manulife
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Teda Value
Growth
Directional
Private
Placement
No. 351
Assets
Management
Program
SWS MU
Assets－
China
Merchants
Bank－China
Resources
SZITIC Domestic
Trust-Ruihua non-state-own 1.92% 8,429,118 8,429,118
Directional ed corporate
Placement
Hedge Fund
No. 2
Assembly
Capital Trust
Program
Tibet
Autonomous Domestic
Region non-state-own 1.13% 4,976,551 4,976,551
Investment ed corporate
Co., Ltd.
Manulife
Teda Fund－
ICBC－
Manulife
Teda Internati
Domestic
onal Trade
non-state-own 1.04% 4,546,630 4,546,630
Orient
ed corporate
Directional
Placement
No. 1 Assets
Management
Program
China Life Ins Domestic
0.69% 3,039,000 0
urance non-state-own
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Company ed corporate
Limited –
Dividend –
Dividend to
Individuals
-005L-FH002
Shen
Essence
International
Foreign
Securities 0.59% 2,610,000 0
corporate
(Hong Kong)
Limited
Domestic
Dai Wen 0.46% 2,009,321 0
natural person
Domestic
Zhou Weixian 0.44% 1,911,700 0
natural person
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 Holdings
162,977,327 A-shares 162,977,327
Limited
Golden Eagle Fund – Minsheng
Bank – Golden Eagle Wen’s
4,456,903 A-shares 4,456,903
Junye Flexible Allocation No. 3
Assets Management Program
China Life Insurance Company
Limited – Dividend – Dividend
3,039,000 A-shares 3,039,000
to Individuals
-005L-FH002Shen
Essence International
Securities (Hong Kong) 2,610,000 B-shares 2,610,000
Limited
Dai Wen 2,009,321 A-shares 2,009,321
Zhou Weixian 1,911,700 A-shares 1,911,700
China Merchants Securities
1,400,734 B-shares 1,400,734
(HK) Co., Limited
BOCHK INVESTMENT
FUNDS-BOCHK CHINA 768,531 B-shares 768,531
GOLDEN DRAGON FUND
VANGUARD TOTAL 710,020 B-shares 710,020
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
INTERNATIONAL STOCK
INDEX FUND
Wu Xiaobo 683,082 Others 683,082
Of the top ten shareholders, Manulife Teda Fund － Minsheng Bank - 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
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
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
The input VAT not yet
offset at the beginning
Other current assets 10,286,294.46 15,796,773.56 -34.88% of the reporting period
was offset in the
reporting period
Advance payment for
procuring equipment
Other non-current in the reporting period
7,458,521.88 5,118,833.65 45.71%
assets increased over the
beginning of the
reporting period
Year-end bonus
provided at the end of
Payroll payable 14,570,479.65 39,396,747.95 -63.02% 2015 was already
paid in the reporting
period
The bond interest
provided at the
beginning of the
Interest payable 2,699,771.70 19,211,630.02 -85.95%
reporting period was
already paid in the
reporting period
Expenses provided in
the reporting period
Other current
11,348,265.60 1,988,252.38 470.77% increased over the
liabilities
beginning of the
reporting period
The company bonds
were already
Liabilities payable - 399,823,760.28 -100.00%
redeemed in the
reporting period
Amount in the Same period of the Proportion of the
Profit statement items Causes of change
reporting period, previous year, in CNY change
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
in CNY
Sales income in the
reporting period
Operating profit 33,875,994.18 57,047,841.07 -40.62% decreased over the
same period of the
previous year
The government
subsidies received in
Non-operating the reporting period
354,721.40 748,983.71 -52.64%
income decreased over the
same period of the
previous year
Donations paid
Non-operating amounted to CNY
352,534.06 21,029.34 1576.39%
expenditures 0.30 million in the
reporting period
The manufacture
company fulfilled the
work of review for the
title of national hi-tech
enterprise at the end
Income tax expense 6,776,540.61 12,659,974.81 -46.47%
of 2015. In the
reporting period, the
income tax was
provided based on
the tax rate of 15%.
Sales income in the
reporting period
Net profit 27,101,640.91 45,115,820.63 -39.93% decreased over the
same period of the
previous year
In the reporting
period, the free
capital was used to
repay partial bank
Net cash flow arising
loans; as a result, the
from financial -162,719,505.43 115,981,884.34 -240.30%
remaining interest
activities
bearing liabilities
decreased over the
beginning of the
reporting period
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
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 the Investor’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 the
Option of Up-regulation of the
Nominal Interest Rate of the January 11, 2016 www.cninfo.com.cn
Company Bond Titled “12 YADA
BOND” and the Investor’s Option of
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Selling Back and Excercising the
Redemption Option as the Issuer
2006-001
First Indicative Announcement on
Redemption of “12 YADA BOND” and January 13, 2016 www.cninfo.com.cn
Delisting 2016-002
Announcement on the Report on
Issuing Shares by Private Placement January 14, 2016 www.cninfo.com.cn
and Listing 2016-003
Announcement on the Commitments
concerning Issuing Shares by Private January 14, 2016 www.cninfo.com.cn
Placement 2016-004
Announcement on the Resolutions of
the 5th Meeting of the Eighth Board of January 20, 2016 www.cninfo.com.cn
Directors 2016-005
Announcement on the Related
Transactions Involved in the Renewal
January 20, 2016 www.cninfo.com.cn
of the Financial Service Agreement
with AVIC Finance Co., Ltd. 2016-005
Second Indicative Announcement on
Redemption of “12 YADA BOND” and January 22, 2016 www.cninfo.com.cn
Delisting 2016-010.
Third Indicative Announcement on
Redemption of “12 YADA BOND” and February 2, 2016 www.cninfo.com.cn
Delisting 2016-011
Fourth Indicative Announcement on
Redemption of “12 YADA BOND” and February 23, 2016 www.cninfo.com.cn
Delisting 2016-012
Announcement on the Result of
Redemption of 12 YADA BONDS and February 26, 2016 www.cninfo.com.cn
Delisting 2016-013
III. 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 Commitment Commitment Implementati
Commitments Promiser Description
type time deadline on status
Commitment for Equity Separation
Reform
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Commitments in the Acquisition Report
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 Deadline of
interest of the the bonds
bond or fail to (The valid
duly pay the term of the
principal and bonds is 5
interest of the years
Implementati
bond when it attached with
on finished
is due, the the investors’
(the
Company option of
company
shall at least selling back,
Commitment made at IPO or FIYTA Other February 27, bonds had
take the the
re-financing Holdings Ltd. commitments 2013 been
following Company’s
redeemed all
measures: 1. option of
and delisted
not profit redemption
by February
distribution to and option of
29, 2016)
the up-regulation
shareholders of the
shall be nominal
conducted. 2. interest rate
implementati at the end of
on of any the 3rd year).
capital
expenditure
projects,
such as
material
external
investment,
acquisition
and merger,
12
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
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.
Commitment
by Caitong
Fund
Caitong Fund Management
Management Co., Ltd.、
Co., Manulife
Ltd.;Manulife Teda Fund
Teda Fund Management
Management Co., Ltd.、
Co., Ltd.; Tibet
Tibet Autonomous
Autonomous Region
Commitment
Region Investment In process of
on restricted January 15,
Investment Co., Ltd., 1 year implementa
sales of 2016
Co., Ltd.; Golden Eagle tion
shares
Golden Eagle Fund
Fund Management
Management Co., Ltd. and
Co., Ltd.; SWS MU
SWS MU (Shanghai)
(Shanghai) Assets
Assets Management
Management Co., Ltd. the
Co., Ltd. investors of
the shares
issued in the
said private
13
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
placement:
The shares
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 Announceme
AVIC Commitment Company nt on
In process of
Other commitment to the Company’s International for increasing and with a Commitment
July 11, 2015 implementati
minority shareholders Holdings the view to for the
on
Limited shareholding safeguarding Shares
the whole Acquired
shareholders’ (2015-022)
interests and
promoting
the capital
market to
keep steady
with practical
action, in
accordance
with the
Circular of
14
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
China
Securities
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
15
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
concert.
AVIC
International
Investment
Limited, as
the person
acting in
concert of
AVIC
International
Investment
Limited, the
Company’s
actual
controller,
acquired
additionally
100,000
Refer to the
shares of the
Announceme
Company’s
AVIC Commitment nt on
shares from In process of
International on restricted Commitment
the July 13, 2015 implementati
Holdings sales of for the
secondary on
Limited shares Shares
market and
Acquired
committed
(2015-022)
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
16
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
implemented in a timely way
If the commitment has not been
implemented at the end of the reporting
period, it is necessary to explain the
Inapplicable
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 the Company’s Capital by the Controlling
Shareholder and its Related Parties
Inapplicable
17
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: FIYTA Holdings Ltd.
March 31, 2016
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 523,660,853.97 638,962,875.93
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 9,312,284.97 7,197,788.08
Accounts receivable 346,656,603.65 304,725,676.29
Prepayment 36,194,279.58 48,869,563.60
Receivable premium
Reinsurance accounts
receivable
Reserve for reinsurance
contract receivable
Interest receivable
Dividends receivable
Other receivables 44,270,377.96 39,847,732.76
Redemptory monetary
capital for sale
Inventories 2,030,106,750.22 2,092,691,019.29
Held-for-sale assets as
classified
Non-current assets due
within a year
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FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Other current assets 10,286,294.46 15,796,773.56
Total current assets 3,000,487,444.81 3,148,091,429.51
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 43,221,572.05 43,221,572.05
Investment based real estate 214,662,256.55 216,948,193.02
Fixed assets 361,024,398.42 361,979,828.01
Construction-in-process 175,764,428.71 173,189,274.57
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 36,377,865.53 36,429,626.66
Development expenses
Goodwill
Long-term expenses to be
148,044,002.67 155,704,564.39
apportioned
Deferred income tax asset 102,331,077.50 105,901,723.16
Other non-current assets 7,458,521.88 5,118,833.65
Total non-current assets 1,088,969,123.31 1,098,578,615.51
Total Assets 4,089,456,568.12 4,246,670,045.02
Current liabilities:
Short-term Loan 1,243,612,400.00 988,186,200.00
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
19
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
gain and loss.
Derivative financial liabilities
Notes payable
Accounts payable 147,364,351.87 155,939,686.54
Advance receipts 19,650,315.91 18,031,129.87
Financial assets sold for
repurchase
Service charge and
commission payable
Accrued payroll 14,570,479.65 39,396,747.95
Payable taxes 51,223,835.15 68,921,732.81
Interest payable 2,699,771.70 19,211,630.02
Dividends payable
Other payables 41,630,255.71 48,131,616.20
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
117,418,000.00 108,914,000.00
within a year
Other current liabilities 11,348,265.60 1,988,252.38
Total current liabilities 1,649,517,675.59 1,448,720,995.77
Non-current liabilities:
Long-term Loan 99,439,146.46 90,994,964.33
Bonds payable 399,823,760.28
Including: preferred
shares
Perpetual bond
Long-term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
20
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Deferred income 4,300,000.00 4,300,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 103,739,146.46 495,118,724.61
Total Liabilities 1,753,256,822.05 1,943,839,720.38
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred
shares
Perpetual bond
Capital Reserve 1,062,455,644.22 1,062,455,644.22
Less: shares in stock
Other comprehensive
-10,881,160.41 -17,145,189.71
income
Special reserve
Surplus Reserve 179,743,077.15 179,743,077.15
Reserve against general
risks
Retained earnings 662,668,585.24 635,417,237.55
Total owners’ equity attributable to
2,332,731,027.20 2,299,215,650.21
the parent company
Minority shareholders’ equity 3,468,718.87 3,614,674.43
Total owner’s equity 2,336,199,746.07 2,302,830,324.64
Total liabilities and owners’ equity 4,089,456,568.12 4,246,670,045.02
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
2. Balance Sheet, Parent Company
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 340,152,643.98 513,869,824.81
Financial assets that are
measured at fair value and
changes in the value are charged
21
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
to current gain and loss.
Derivative financial assets
Notes receivable
Accounts receivable
Prepayment
Interest receivable
Dividends receivable 23,344,660.36
Other receivables 1,636,373,875.22 1,527,756,817.18
Inventories
Held-for-sale assets as
classified
Non-current assets due
within a year
Other current assets 3,049,365.68 2,089,651.83
Total current assets 2,002,920,545.24 2,043,716,293.82
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 856,391,292.05 814,121,292.05
Investment based real estate 214,662,256.55 216,948,193.02
Fixed assets 114,087,502.47 113,553,719.50
Construction-in-process 175,764,428.71 173,189,274.57
Engineering supplies
Disposal of fixed assets
Productive biological asset
Oil and gas assets
Intangible assets 30,055,473.84 30,104,404.98
Development expenses
Goodwill
Long-term expenses to be
4,574,316.51 4,693,186.19
apportioned
Deferred income tax asset 1,081,888.10 1,081,888.10
22
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Other non-current assets 7,458,521.88 5,118,833.65
Total non-current assets 1,404,160,680.11 1,358,895,792.06
Total Assets 3,407,081,225.35 3,402,612,085.88
Current liabilities:
Short-term Loan 990,000,000.00 700,000,000.00
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 23,711,339.76
Advance receipts 2,880,423.60 3,207,516.61
Accrued payroll 558,508.60 8,188,793.56
Payable taxes 2,763,740.93 2,857,031.42
Interest payable 2,248,369.22 18,170,745.35
Dividends payable
Other payables 17,432,483.14 17,550,238.03
Held-for-purchase liabilities
as classified
Non-current liabilities due
within a year
Other current liabilities
Total current liabilities 1,016,094,865.25 773,685,664.73
Non-current liabilities:
Long-term Loan 93,361,928.00 68,361,928.00
Bonds payable 399,823,760.28
Including: preferred
shares
Perpetual bond
Long-term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
Deferred income 4,300,000.00 4,300,000.00
Deferred income tax liability
23
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Other non-current liabilities
Total non-current liabilities 97,661,928.00 472,485,688.28
Total Liabilities 1,113,756,793.25 1,246,171,353.01
Owner’s equity:
Capital Stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred
shares
Perpetual bond
Capital Reserve 1,068,111,185.32 1,068,111,185.32
Less: shares in stock
Other comprehensive
income
Special reserve
Surplus Reserve 179,743,077.15 179,743,077.15
Retained earnings 606,725,288.63 469,841,589.40
Total owner’s equity 2,293,324,432.10 2,156,440,732.87
Total liabilities and owners’ equity 3,407,081,225.35 3,402,612,085.88
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
3. Consolidated Statement of Profit
in CNY
Amount incurred in the reporting Amount incurred in the previous
Items
period period
I. Turnover 732,961,459.52 894,056,260.25
Including: operating income 732,961,459.52 894,056,260.25
Interest income
Earned insurance
premium
Service charge and
commission income
II. Total operating costs 699,085,465.34 837,258,434.93
Including: Operating costs 436,060,603.32 563,175,281.33
Interest payment
24
FIYTA HOLDINGS LTD. 2016 1st 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
6,787,845.66 6,120,684.92
Surcharges
Sales costs 189,666,151.53 200,820,706.69
Administrative
47,858,157.93 41,435,305.05
expenses
Financial expenses 18,789,950.59 26,193,116.46
Loss from impairment
-77,243.69 -486,659.52
of 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
Exchange income (loss
stated with “-“)
III. Profit from businesses (loss
33,875,994.18 57,047,841.07
stated with “-”)
Plus: Non-operating income 354,721.40 748,983.71
Including: Gains from
654.08 69,750.00
disposal of non-current assets
Less: Non-operating
352,534.06 21,029.34
expenses
Including: Loss from
27,636.46 16,692.63
disposal of non-current assets
IV. Total Profit (total loss stated with
33,878,181.52 57,775,795.44
“-“)
25
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Less: Income tax expense 6,776,540.61 12,659,974.81
V. Net Profit (loss stated with “-“) 27,101,640.91 45,115,820.63
Net profit attributable to the
27,251,347.69 44,967,185.35
parent company’s owner
Minority shareholders’ gain
-149,706.78 148,635.28
and loss
VI. Net of other comprehensive
6,264,029.30 3,566,154.55
income after tax
Net of other comprehensive
income after tax attributable to the 6,264,029.30 3,566,154.55
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
6,264,029.30 3,566,154.55
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
4. Valid part of the
26
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
gain/loss from cash flow hedge
5. Conversion margin
of the financial statements in foreign 6,264,029.30 3,566,154.55
currency
6. Others
Net amount of other
comprehensive income after tax
attributable to minority shareholders
VII. Total comprehensive income 33,365,670.21 48,681,975.18
Total comprehensive income
attributable to the parent company’s 33,515,376.99 48,533,339.90
owner
Total comprehensive income
-149,706.78 148,635.28
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.0621 0.1145
(II) Diluted earnings per share 0.0621 0.1145
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
4. Income Statement, Parent Company
in CNY
Amount incurred in the reporting
Items Amount incurred in the previous period
period
I. Operating income 24,693,834.10 22,727,222.97
Less: Operating cost 3,342,845.07 3,137,183.21
Business Taxes and
1,444,143.60 1,190,476.40
Surcharges
Sales costs
Administrative expenses 14,016,583.20 11,616,774.75
Financial expenses 4,002,675.61 267,323.62
Loss from impairment of
-503,603.10
assets
Plus: Income from change in
fair value (loss stated with “-“)
Investment return (loss 135,344,660.36 250,015.75
27
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
stated with “-“)
Including: return on
investment in associate and joint 250,015.75
venture
II. Operation profit (loss stated
137,232,246.98 7,269,083.84
with “-“)
Plus: Non-operating income 6,200.00 124,000.00
Including: Gains from
disposal of non-current assets
Less: Non-operating
300,000.00 14,678.42
expenses
Including: Loss from
14,678.42
disposal of non-current assets
III. Total Profit (total loss stated
136,938,446.98 7,378,405.42
with “-“)
Less: Income tax expense 54,747.75 1,523,189.55
IV. Net profit ( net loss is stated
136,883,699.23 5,855,215.87
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
28
FIYTA HOLDINGS LTD. 2016 1st 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 136,883,699.23 5,855,215.87
VII. Earnings per share:
(I) Basic earnings per share 0.3120 0.0149
(II) Diluted earnings per
0.3120 0.0149
share
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
5. Consolidated Cash Flow Statement
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
809,792,456.04 927,626,429.62
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
29
FIYTA HOLDINGS LTD. 2016 1st 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 6,421.29
Cash received from other
5,448,946.61 5,051,693.10
operating activities
Sub-total of cash flow received
815,247,823.94 932,678,122.72
from operation activities
Cash paid for purchase of
goods and reception of labor 414,539,635.03 543,878,033.22
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
30
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Cash paid to and for
148,093,012.70 143,339,112.23
employees
Taxes paid 76,692,233.41 46,881,750.25
Cash paid for other
78,427,757.65 89,221,050.22
operating activities
Subtotal of cash flow paid for
717,752,638.79 823,319,945.92
operating activities
Net cash flow arising from
97,495,185.15 109,358,176.80
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,
220.00 180,800.00
intangible 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
220.00 180,800.00
from investing activities
Cash paid for purchase and
construction of fixed assets,
49,904,732.71 60,393,228.82
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 49,904,732.71 60,393,228.82
31
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
investment activities
Net cash flow arising from
-49,904,512.71 -60,212,428.82
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 315,000,000.00 724,334,150.66
Cash received from bond
issuing
Cash received from other
financing activities
Sub-total cash flow received from
315,000,000.00 724,334,150.66
financing activities
Cash paid for debt
443,053,583.30 420,112,700.75
repayment
Cash paid for dividend/profit
distribution or repayment of 33,673,252.94 37,818,557.57
interest
Including: Dividend and
profit paid by the subsidiaries to
minority shareholders
Cash paid for other
992,669.19 150,421,008.00
financing activities
Sub-total cash flow paid for
477,719,505.43 608,352,266.32
financing activities
Net cash flow arising from
-162,719,505.43 115,981,884.34
financing activities
IV. Change of exchange rate
influencing the cash and cash -173,188.97 252,585.13
equivalent
V. Net increase of cash and cash
-115,302,021.96 165,380,217.45
equivalents
Plus: Opening balance of
637,387,875.93 114,880,070.54
cash and cash equivalents
VI. Ending balance of cash and 522,085,853.97 280,260,287.99
32
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
6. Parent Company’s Cash Flow Statement
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
23,691,590.71 31,984,503.43
goods and supply of labor service
Rebated taxes received
Cash received from other
1,037,138.23 1,008,342.77
operating activities
Sub-total of cash flow received
24,728,728.94 32,992,846.20
from operation activities
Cash paid for purchase of
goods and reception of labor
services
Cash paid to and for
22,276,696.93 19,274,568.28
employees
Taxes paid 2,132,790.01 2,332,731.40
Cash paid for other
98,776,583.80 28,044,499.05
operating activities
Subtotal of cash flow paid for
123,186,070.74 49,651,798.73
operating activities
Net cash flow arising from
-98,457,341.80 -16,658,952.53
operating activities
II. Cash flows arising from
investing activities:
Cash received from
investment recovery
Cash received from return
112,000,000.00
on investment
Net cash received from
100,800.00
disposal of fixed assets,
33
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
intangible 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
112,000,000.00 100,800.00
from investing activities
Cash paid for purchase and
construction of fixed assets,
29,283,647.41 31,366,387.60
intangible assets and other long
term assets
Cash paid for investment 42,270,000.00
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
71,553,647.41 31,366,387.60
investment activities
Net cash flow arising from
40,446,352.59 -31,265,587.60
investment activities
III. Cash flows arising from
financing activities:
Cash received from
absorbing investment
Cash received from loans 315,000,000.00 650,000,000.00
Cash received from bond
issuing
Cash received from other
financing activities
Sub-total cash flow received from
315,000,000.00 650,000,000.00
financing activities
Cash paid for debt
400,000,000.00 360,000,000.00
repayment
Cash paid for dividend/profit
distribution or repayment of 29,713,522.43 32,678,179.37
interest
34
FIYTA HOLDINGS LTD. 2016 1st Quarterly Report
Cash paid for other
992,669.19 150,421,008.00
financing activities
Sub-total cash flow paid for
430,706,191.62 543,099,187.37
financing activities
Net cash flow arising from
-115,706,191.62 106,900,812.63
financing activities
IV. Change of exchange rate
influencing the cash and cash
equivalent
V. Net increase of cash and cash
-173,717,180.83 58,976,272.50
equivalents
Plus: Opening balance of
512,294,824.81 35,485,566.79
cash and cash equivalents
VI. Ending balance of cash and
338,577,643.98 94,461,839.29
cash equivalents
Legal representative: Xu Dongsheng Chief Financial Officer: Hu Xinglong
Person in charge of the Accounting Department: Tian Hui
II. Auditors’ Report
Has the First Quarterly Report been audited?
No
35
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