FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
Stock Codes: 000026 200026 Short form of the Stocks: FIYTA A and FIYTA B Announcement No: 2017-035
FIYTA Holdings Ltd.
2017 Semi-Annual Report, Summary
1. Important Notice
This summary of the Semi-annual Report is quoted out of the full text of the Semi-annual Report. Investors desirous to
understand the Company's operation results, financial position and future development planning are advised to read
carefully the full text of the Semi-annual Report which is publised in the media designated by CSRC.
Statement of objection by director, supervisor or senior executive
Inapplicable
All the directors attended the board meeting for reviewing the Semi-Annual Report.
Indication of non-standard audit opinions
Inapplicable
Proposal for distribution of common stock dividends or conversion of public reserve into capital stock for the reporting
period reviewed by the Board Meeting
Inapplicable
Proposal for distribution of preferred stock dividends for the reporting period approved by resolution of the Board Meeting.
Inapplicable
II. Company Profile
1. Company Information
Short form of the stocks FIYTA A, FIYTA B Stock Codes 000026, 200026
Stock Exchange Listed with Shenzhen Stock Exchange
Liaison Persons and the Way of
Secretary of the Board Securities Affairs Representative
Contact
Names Lu Wanjun Zhang Yong
th
20 Floor, FIYTA Technology Building, 20th Floor, FIYTA Technology Building,
Office Address Gaoxin S. Road One, Nanshan District, Gaoxin S. Road One, Nanshan District,
Shenzhen Shenzhen
Tel. 0755-86013198 0755-86013669
E-mail investor@fiyta.com.cn investor@fiyta.com.cn
2. Summary of Financial Data and Financial Indicators
Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous years
No
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FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
Year-on-year
Same period of the
Reporting period increase/decrease in
previous year
the reporting period
Turnover in CNY 1,599,541,144.35 1,479,527,783.18 8.11%
Net profit attributable to the
86,708,824.76 60,513,019.44 43.29%
Company’s shareholders, in CNY
Net profit attributable to the
Company’s shareholders less the 85,938,456.94 59,792,409.84 43.73%
non-recurring items, in CNY
Net cash flows arising from operating
276,715,660.53 217,609,732.54 27.16%
activities, in CNY
Basic earning per share (CNY/share) 0.1976 0.1379 43.29%
Diluted earning per share
0.1976 0.1379 43.29%
(CNY/share)
Return on equity, weighted average
3.65% 2.59% 1.06%
(%)
Increase/decrease at
End of the reporting End of the previous the end of the year over
period year the end of the previous
year
Total assets, in CNY 3,844,990,865.80 4,004,897,562.72 -3.99%
Net assets attributable to the
Company’s shareholders (owner’s
2,421,373,416.41 2,371,370,535.17 2.11%
equity attributable to the Company’s
shareholders, in CNY)
III. Number of Shareholders and Shareholding
In Shares
Total preference shareholders
Total common shareholders at with the voting power recovered
36,599 0
the end of the reporting period at the end of the reporting period
(if any) (Refer to Note 8)
Shares held by the common shareholders holding over 5% shares or the top 10 common shareholders
Shares held by the Pledging or freezing
Shares held by Quantity at the end Number of the
Shareholder top ten
the top ten of the reporting restricted shares Status of the
names shareholders Quantity
shareholders period held shares
(%)
CATIC
Shenzhen State-owned
37.15% 162,977,327 0
Holdings corporate
Limited
Chongqing
International Domestic
Trust Co., Ltd. - non-state-owned 2.07% 9,103,318 0
YUXIN No. 2 corporate
Trust
Domestic natural
Yang Zugui 1.35% 5,901,669 0
person
MANULIFE
TEDA Fund-
Minsheng
Bank-
MANULIFE Domestic
TEDA Value non-state-owned 1.15% 5,043,559 0
Growth corporate
Oriented
Additional
Issue No. 351
Assets
Management
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FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
Program
Xizang
State-owned
Investment 1.13% 4,976,551 0
corporate
Co., Ltd.
Golden Eagle
Fund-
Minsheng
Bank-Golden
Domestic
Eagle Wenshi
non-state-owned 1.07% 4,674,329 0
Junye Flexible
corporate
Disposition No.
3 Assets
Management
Program
Chongqing
International
Domestic
Trust Co., Ltd. -
non-state-owned 0.88% 3,870,700 0
Rongxintong
corporate
Serial Order -
Trust No. 10
China
Merchants
Bank Co., Ltd.
- Huitianfu
Medical
Domestic
Service
non-state-owned 0.73% 3,199,886 0
Flexible
corporate
Allocation
Hybrid
Securities
Investment
Funds
Shenzhen Heli
Domestic
Fengyuan
non-state-owned 0.61% 2,663,481 0
Commerce &
corporate
Trade Co., Ltd.
Domestic natural
Xu Guoliang 0.58% 2,565,195 0
person
Of the top 10 shareholders, both MANULIFE TEDA Fund- Chongqing International Trust Co., Ltd. -
Explanation on associated
YUXIN No. 2 Trust and Chongqing International Trust Co., Ltd. - Rongxintong Serial Order - Trust No.
relationship or consistent action of
10 are subsidiaries of Chongqing International Trust Co., Ltd. Both of them are holding totalling
the above shareholders
12,974,018 shares in the Company, which takes 2.96% of the Company's total shares.
Note to the shareholder(s)
involved in the securities Inapplicable
margin trading (if any)
4. Change of the Controlling Shareholder or Actual Controller
Inapplicable
5. Total preferred shareholders and the shareholding by the top 10 preferred shareholders
Inapplicable
6. Company Bond
Does there exist any company bond which is issued to the public and listed with the stock exchange for trading and was
due by the date when the Semi-annual Report was approved for issuing or failed to be fully cashed by the end of the
reporting period.
No
III. Discussion and Analysis of the Business Conditions
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FIYTA Holding Ltd. 2017 Semi-annual Report, Summary
1. Business Summary during the Reporting Period
Does the Company need to comply with the requirements on disclosure for special industries
No.
During the reporting period, the retail consumption industry especially the high-end consumable industry turned better to
some extent and drove the domestic retail industry to gradually revive. However, the watch industry is still weak condition
and is still confronted with big uncertainty. Under such background, the Company continued to insist on the corporate
philosophy and brand development strategy, based on the annual strategic theme of "transformation" and "sublimation",
the Company has focused on customer research and per unit yield improvement work, strove to lay solid foundation of
management, spared no effort to making self-brand group and high efficiency famous brand watch comprehensive service
system. In the first half year of 2017, with the joint efforts of all the staff, the Company realized a turnover amounting to
CNY 1,599,541,144.35, a year-on-year growth by 8.11%; realized net profit attributable to the shareholders amounting to
CNY 86,708,824.76, a year-on-year growth by 43.29%;
During the reporting period, HARMONY focused on the work theme of "recasting the foundation, deep ploughing for
operation, customer research and innovation and development" in the business of world brand watches, has further
improved its earning power, conducted deepened study on the customers, carried forward transformation and upgrading
of the business model; during the reporting period, HARMONEY made improvement in channel optimization, per unit yield
improvement, inventory turnover, profit growth, etc. further carried forward the business model transformation and
upgrading, the famous brand watch repairing and e-commerce channel still kept steady and speedy growth. In the first
half year of 2017, HARMONY realized operation revenue amounting to CNY 1,029,605,415.52, a year-on-year growth by
6.6%. Meanwhile, Brand Gallery Watch has achieved good development in its retail business.
During the reporting period, the Company seized the opportunity of consumption upgrading of "FIYTA" Brand and other
own brands, focused on customer research and the per unit yield, promoted resources integration and efficiency
promotion, and achieve preliminary results of the strategy of multiple brands and whole channels. The Company took
customer research for its own brand as the center, and attached importance on R & D of new products, success rate of
listing, strictly conducted control over expenses and prices, optimized the inventory structure, practiced careful
differentiation operation; improved the customers' satisfaction; further optimized the online and offline channels, laid solid
foundation for channel cooperation and improved the channel quality; pressed close to the consumer's scenes of life,
explored diversified marketing models, promoted transformation of brand marketing and promotion method; enhanced
improvement of the terminal and shopping guide ability, reinforced construction of the brand maker in a sustainable way.
During the reporting period, the Company realized operation revenue amounting to CNY485,622,271.67 with FIYTA Brand,
a year-on-year growth of 9.35%. In addition, the Company realized a good development in its new businesses, including
intelligent watches, JONAS&VERUS Brand, JEEP Brand, e-commerce, overseas business, etc.
During the reporting period, FIYTA Watch R & D and Manufacture Center has put into operation and the Company kept
steady growth of income from its properties, realized operation revenue amounting to CNY 51,281,774.36, a year-on-year
growth of 4.35%.
2. Matters in connection with the Financial Report
(1) Note to the change in the accounting policy, accounting estimates and accounting method in
comparison with the financial report of the previous accounting period
Inapplicable
(2) Note of the necessity for retroactive restatement due to correction of significant accounting
errors taken place during the reporting period
Inapplicable
(3) Note to the change of the consolidation scope in comparison with the financial report of the
previous accounting period
Inapplicable
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