Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2022-041
FIYTA Precision Technology Co., Ltd.
2022 Third Quarter ReportThe Company and all members of the Board of Directors ensure that the information disclosed herein is authentic,
accurate and complete, and there are no false records, misleading statements or significant omissions.Important Notice:
1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individuallyand collectively accept the responsibility for the correctness, accuracy and completeness of the contents of this reportand confirm that there are neither material omissions nor errors which would render any statement misleading.
2. The Company leader, the chief financial officer, and the manager of the accounting department (treasurer) herebyconfirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarter Report.
3. Has the third quarter report been audited
No
I. Financial Highlights(I) Summary of Accounting/Financial DataDoes the Company need to make retroactive adjustment or restatement of the accounting data of the previous yearNo
| Reporting period | Year-on-year increase/decrease in the reporting period | From year beginning to the end of the reporting period | Year-on-year increase/decrease from year beginning to the end of the reporting period | |
| Revenue in CNY | 1,201,863,621.73 | -8.06% | 3,385,434,370.84 | -17.12% |
| Net profit attributable to the Company’s shareholders, in CNY | 89,108,590.17 | -18.28% | 229,801,374.46 | -32.92% |
| Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 86,658,935.58 | -17.10% | 216,590,692.48 | -34.03% |
| Net cash flows arising from operating activities, in CNY | — | — | 400,581,603.78 | 8.79% |
| Basic earning per share (CNY/share) | 0.2173 | -15.57% | 0.5524 | -30.91% |
| Diluted earning per share (CNY/share) | 0.2173 | -15.57% | 0.5524 | -30.91% |
| Return on equity, weighted average | 2.91% | -0.84% | 7.53% | -4.31% |
| End of the reporting period | End of the previous year | Increase/decrease at the end of the year over the end of the previous year | ||
| Total assets (in CNY) | 4,097,923,826.65 | 4,110,579,952.49 | -0.31% | |
| Owner’s equity attributable to the Company’s shareholders, in CNY | 3,089,312,840.30 | 3,013,232,642.53 | 2.52% | |
(II) Non-recurring gain/loss items and the amounts involved
In CNY
| Items | Amount in the reporting period | Amount from year beginning to the end of the reporting period | Note |
| Gain/loss from disposal of non-current assets, including the part written-off with the provision for impairment of assets. | -306,635.15 | -1,122,656.31 | |
| The government subsidies included in the profits and losses of the current period ( (excluding government grants which are closely related to the Company’s normal business and conform with the national standard amount or quantity) | 2,577,976.90 | 15,947,759.85 | |
| Reversal of provision for impairment of accounts receivable that has been separately tested for impairment | 729,415.25 | 2,860,200.09 | |
| Other non-operating income and expenses with the aforesaid items exclusive | 122,810.58 | -494,498.90 | |
| Less: Amount affected by the income tax | 673,912.99 | 3,980,122.75 |
| Total | 2,449,654.59 | 13,210,681.98 | -- |
Details of other gains and losses in compliance with the definition of non-recurring gains and losses.InapplicableExplanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public as recurring gains and lossesInapplicable(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes
1. Items of Consolidated Balance Sheet
| Items | End of the reporting period | End of the previous year | Variation proportion | Cause of the movement |
| Notes receivable | 37,729,552.62 | 61,258,145.80 | -38.41% | Mainly due to reception of the payment for the matured notes. |
| Other current assets | 26,165,577.27 | 72,698,692.72 | -64.01% | Mainly due to the decrease in retained value-added tax over the beginning of the year. |
| Contract liabilities | 14,699,897.90 | 22,505,426.65 | -34.68% | Mainly due to decrease in advance receipts resulted from the decline in distribution business. |
| Lease liabilities | 27,944,019.03 | 64,918,722.10 | -56.96% | Mainly due to the reclassification of part of lease liabilities into non-current liability items due within a year. |
| Treasury shares | 101,012,638.04 | 60,585,678.92 | 66.73% | Mainly due to the implementation of the repurchase of B-shares. |
| Other comprehensive income | -1,565,932.46 | -7,658,346.40 | 79.55% | Mainly due to movement of the translation balance of foreign currency statements |
2. Consolidation of the profit statement items of the beginning of the year to that of the end of the reportingperiod
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Financial expenses | 18,987,623.04 | 27,452,471.99 | -30.83% | Mainly due to the decrease of interest expenses and exchange gains and losses. |
| Return on Investment | 2,462,626.52 | 1,629,328.24 | 51.14% | Mainly due to increase of profit of the associates. |
| Loss from impairment of credit | 389,469.67 | -1,039,778.07 | 137.46% | Mainly due to decrease of the provision for bad debt of accounts receivable. |
| Loss from impairment of assets | -348,218.69 | -1,200,014.39 | 70.98% | Mainly due to decrease of provision for price falling of inventories. |
| Income from disposal of assets | -1,122,656.31 | -180,694.53 | -521.30% | Mainly due to decrease of income from disposal resulted from closing of partial shops. |
| Income tax expenses | 62,338,094.92 | 100,642,011.01 | -38.06% | Mainly due to decrease of the total profit in the reporting period. |
3.Cash flow statement items from the beginning of the year to the end of the reporting period
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Rebated taxes received | 4,693,824.88 | 332,318.54 | 1312.45% | Mainly due to increase of the refunds of excess input value-added tax credits as received. |
| Other operation activity related cash payments | 241,090,876.76 | 390,125,168.61 | -38.20% | Mainly due to decrease of period charge. |
| Cash paid for purchase/construction of fixed assets, | 91,211,685.29 | 154,549,937.25 | -40.98% | Mainly due to the decrease in expenses for store refurbishment. |
| Intangible assets and other long term assets | ||||
| Cash paid for other financing related activities | 146,380,933.69 | 58,958,288.96 | 148.28% | Mainly due to increase of the payments for repurchasing B-shares and rents. |
II. Information of the Shareholders(I) Total number of the common shareholders and preferred shareholders whose voting rights are restoredand shares held by the top 10 shareholders
In shares
| Total common shareholders at the end of the reporting period | 32,619 | Total preference shareholders with the voting power recovered at the end of the reporting period (if any) | 0 | |||
| Shareholding by top 10 shareholders | ||||||
| Names of the Shareholders | Nature of the shareholder | Shareholding proportion | Number of shares held | Number of the restricted shares held | Pledging, marking or freezing | |
| Status of the shares | Quantity | |||||
| AVIC International Holding Limited | State corporate | 38.29% | 162,977,327 | 0 | ||
| # Wu Jilin | Domestic natural person | 1.87% | 7,974,062 | 0 | ||
| Xu Guoliang | Domestic natural person | 0.73% | 3,103,800 | 0 | ||
| Qiu Hong | Domestic natural person | 0.56% | 2,370,000 | 0 | ||
| #Zhu Rui | Domestic natural person | 0.40% | 1,686,700 | 0 | ||
| Li Shuyuan | Domestic natural person | 0.32% | 1,377,600 | 0 | ||
| # Qu Yongjie | Domestic natural person | 0.32% | 1,350,500 | 0 | ||
| Zhang Mingrong | Domestic natural person | 0.28% | 1,212,300 | 0 | ||
| Chen Hao | Domestic natural person | 0.26% | 1,088,143 | 0 | ||
| Wang Sixin | Domestic natural person | 0.24% | 1,012,500 | 0 | ||
| Shares held by top 10 shareholders of unrestricted shares | ||||||
| Names of the Shareholders | Quantity of unrestricted shares held | Share type | ||||
| Share type | Quantity | |||||
| AVIC International Holding Limited | 162,977,327 | CNY ordinary shares | 162,977,327 | |||
| # Wu Jilin | 7,974,062 | CNY ordinary shares | 7,974,062 | |||
| Xu Guoliang | 3,103,800 | CNY ordinary shares | 3,103,800 | |||
| Qiu Hong | 2,370,000 | CNY ordinary shares | 2,370,000 | |||
| #Zhu Rui | 1,686,700 | CNY ordinary shares | 1,686,700 | |||
| Li Shuyuan | 1,377,600 | CNY ordinary shares | 1,377,600 | |||
| # Qu Yongjie | 1,350,500 | CNY ordinary | 1,350,500 | |||
| shares | ||||
| Zhang Mingrong | 1,212,300 | CNY ordinary shares | 1,212,300 | |
| Chen Hao | 1,088,143 | CNY ordinary shares | 1,088,143 | |
| Wang Sixin | 1,012,500 | CNY ordinary shares | 1,012,500 | |
| Explanation on associated relationship or consistent action of the above shareholders | The Company has no idea on whether the above 10 shareholders are associated or are acting in concert. | |||
| Note to the top 10 shareholders involved in margin financing & securities lending (if any) | 1. In addition to the 4,518,962 shares held through the ordinary securities account, Wu Jilin, one of the shareholders of the Company, also holds 3,455,100 shares through the client credit transaction guarantee securities account. Therefore, Wu Jilin is actually holding 7,974,062 shares in total; 2. In addition to the 186,700 shares held through the ordinary securities account, Zhu Rui, one of the shareholders of the Company, also holds 1,500,000 shares through the client credit transaction guarantee securities account. Therefore, Zhu Rui is actually holding 1,686,700 shares in total; 3. In addition to the 76,500 shares held through the ordinary securities account, Qu Yongjie, one of the shareholders of the Company, also holds 1,274,000 shares through the client credit transaction guarantee securities account. Therefore, Qu Yongjie is actually holding 1,350,500 shares in total. | |||
Note: Among the top 10 shareholders, there is a special repurchase account - “the Special Repurchase SecuritiesAccount of FIYTA Precision Technology Co., Ltd." (the second place). The number of ordinary shares held at the end ofthe reporting period was 7,987,217 shares. According to the regulation, the special repurchase account shall not bepresented in the list of the top 10 shareholders.(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicableIII. Note to other significant eventsRepurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)The Company’s 2nd Session of the Tenth Board of Directors and the 5th Extraordinary General Meeting reviewed andapproved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B- Shares), and subsequentlydisclosed the repurchase report and series of progress announcements in accordance with relevant regulations. Forthe detail, please refer to the relevant announcements disclosed on www.cninfo.com.
Ended the reporting period, the Company accumulatively repurchased 7,987,217 B-shares in the Company through acentralized bidding method with the special account for the securities repurchased , accounting for 1.88% of theCompany’s total share capital; the highest transaction price of the repurchased shares was HK$7.87 per share, andthe lowest transaction price was HK$7.42/share, the total amount paid was HK$ 61,438,781.55 (with the stamp duty,commission and other transaction costs exclusive). The expiry date of the share repurchase plan is November 29,2022.
IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
September 30, 2022
In CNY
| Items | September 30, 2022 | January 01, 2022 |
| Current assets: | ||
| Monetary capital | 298,218,481.51 | 210,254,737.14 |
| Settlement reserve | ||
| Inter-bank lending | ||
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | 37,729,552.62 | 61,258,145.80 |
| Accounts receivable | 380,833,588.79 | 388,885,601.28 |
| Financing with accounts receivable | ||
| Advance payment | 8,198,328.73 | 7,946,750.81 |
| Receivable premium | ||
| Reinsurance accounts receivable | ||
| Reserve for reinsurance contract receivable | ||
| Other receivables | 53,559,732.45 | 61,553,267.82 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 2,083,176,591.35 | 2,050,148,750.89 |
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 26,165,577.27 | 72,698,692.72 |
| Total current assets | 2,887,881,852.72 | 2,852,745,946.46 |
| Non-current assets: | ||
| Loan issuing and advance in cash | ||
| Equity investment | ||
| Other equity investment | ||
| Long term accounts receivable | ||
| Long-term equity investments | 57,618,231.83 | 55,155,605.31 |
| Investment in other equity instruments | 85,000.00 | 85,000.00 |
| Other non-current financial assets | ||
| Investment-oriented real estate | 371,848,513.27 | 383,425,916.35 |
| Fixed assets | 339,120,730.97 | 349,495,316.65 |
| Construction-in-progress | ||
| Productive biological asset | ||
| Oil and Gas Assets | ||
| Use right assets | 119,775,758.98 | 147,932,475.42 |
| Intangible assets | 32,632,101.61 | 34,035,330.43 |
| Development expenses | ||
| Goodwill | ||
| Long term expenses to be apportioned | 153,026,476.24 | 163,790,333.44 |
| Deferred income tax asset | 89,316,039.54 | 81,233,274.65 |
| Other non-current assets | 46,619,121.49 | 42,680,753.78 |
| Total non-current assets | 1,210,041,973.93 | 1,257,834,006.03 |
| Total assets | 4,097,923,826.65 | 4,110,579,952.49 |
| Current liabilities: | ||
| Short term borrowings | 291,732,027.79 | 265,994,595.43 |
| Borrowings from central bank | ||
| Loans from other banks | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 21,223.10 | |
| Accounts payable | 186,741,003.39 | 254,588,895.34 |
| Advance Receipts | 13,646,294.34 | 11,025,664.72 |
| Contract liabilities | 14,699,897.90 | 22,505,426.65 |
| Money from sale of the repurchased financial assets | ||
| Deposits taking and interbank placement | ||
| Acting trading securities | ||
| Income from securities underwriting on commission | ||
| Payroll payable to the employees | 123,862,142.57 | 145,936,150.06 |
| Taxes payable | 73,986,536.38 | 67,769,880.01 |
| Other payables | 168,421,938.98 | 167,808,759.95 |
| Including: interest payable | ||
| Dividends payable | 6,324,013.97 | 5,015,026.30 |
| Service charge and commission payable | ||
| Payable reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | 98,693,784.76 | 86,949,906.35 |
| Other current liabilities | 1,889,450.12 | 2,798,738.32 |
| Total current liabilities | 973,673,076.23 | 1,025,399,239.93 |
| Non-current liabilities: | ||
| Reserve for insurance contract | ||
| Long-term borrowings | ||
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Lease liabilities | 27,944,019.03 | 64,918,722.10 |
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | ||
| Deferred income | 2,042,833.90 | 1,792,833.90 |
| Deferred income tax liability | 4,951,057.19 | 5,236,514.03 |
| Other non-current liabilities | ||
| Total non-current liabilities | 34,937,910.12 | 71,948,070.03 |
| Total liabilities | 1,008,610,986.35 | 1,097,347,309.96 |
| Owner’s equity: | ||
| Capital stock | 425,615,177.00 | 426,051,015.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital reserve | 1,046,707,191.87 | 1,040,908,194.13 |
| Less: shares in stock | 101,012,638.04 | 60,585,678.92 |
| Other comprehensive income | -1,565,932.46 | -7,658,346.40 |
| Special reserve | 1,732,079.27 | 1,062,731.13 |
| Surplus reserve | 275,010,401.50 | 275,010,401.50 |
| Reserve against general risks | ||
| Retained earnings | 1,442,826,561.16 | 1,338,444,326.09 |
| Total owners’ equity attributable to the parent | 3,089,312,840.30 | 3,013,232,642.53 |
| company | ||
| Minority shareholders’ equity | ||
| Total owner’s equity | 3,089,312,840.30 | 3,013,232,642.53 |
| Total liabilities and owners’ equity | 4,097,923,826.65 | 4,110,579,952.49 |
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui
2. Consolidation of the profit statement of the beginning of the year to that of the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Turnover | 3,385,434,370.84 | 4,084,797,744.03 |
| Including: operating income | 3,385,434,370.84 | 4,084,797,744.03 |
| Interest income | ||
| Earned insurance premium | ||
| Service charge and commission income | ||
| II. Total operating costs | 3,110,090,692.73 | 3,655,882,863.34 |
| Including: Operating costs | 2,138,260,571.41 | 2,549,686,797.59 |
| Interest payment | ||
| Service charge and commission payment | ||
| Surrender Value | ||
| Compensation expenses, net | ||
| Provision of reserve for insurance liabilities, net | ||
| Payment of policy dividend | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 22,677,261.49 | 26,025,661.25 |
| Sales costs | 717,796,063.69 | 823,138,774.82 |
| Administrative expenses | 175,560,079.27 | 189,433,471.27 |
| R & D expenditures | 36,809,093.83 | 40,145,686.42 |
| Financial expenses | 18,987,623.04 | 27,452,471.99 |
| Where: Interest cost | 14,492,935.33 | 18,551,509.47 |
| Interest income | 3,019,703.55 | 2,906,297.16 |
| Plus: Other income | 15,909,068.98 | 16,161,926.11 |
| Investment income (loss is stated with “-”) | 2,462,626.52 | 1,629,328.24 |
| Including: return on investment in associate and joint venture | 2,462,626.52 | 1,629,328.24 |
| Gain from the derecognition of the financial assets measured at amortised cost | ||
| Exchange income (loss stated with “-“) | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) |
| Loss from impairment of credit (loss is stated with “-”) | 389,469.67 | -1,039,778.07 |
| Loss from impairment of assets (loss is stated with “-”) | -348,218.69 | -1,200,014.39 |
| Income from disposal of assets (loss is stated with “-“) | -1,122,656.31 | -180,694.53 |
| III. Operating Profit (loss is stated with “-“) | 292,633,968.28 | 444,285,648.05 |
| Plus: Non-operating income | 270,660.63 | 252,422.44 |
| Less: Non-operating expenses | 765,159.53 | 1,296,596.24 |
| IV. Total profit (total loss is stated with “-”) | 292,139,469.38 | 443,241,474.25 |
| Less: Income tax expenses | 62,338,094.92 | 100,642,011.01 |
| V. Net Profit (net loss is stated with “-“) | 229,801,374.46 | 342,599,463.24 |
| (I) Classification based on operation sustainability | ||
| 1. Net Profit from sustainable operation (net loss is stated with “-”) | 229,801,374.46 | 342,599,463.24 |
| 2. Net Profit from termination of operation (net loss is stated with “-”) | ||
| (II) Classification by ownership | ||
| 1.Net profit attributable to the parent company’s shareholder (net loss is stated with “-”) | 229,801,374.46 | 342,579,405.96 |
| 2. Minority shareholders’ gain/loss (net loss is stated with “-”) | 20,057.28 | |
| VI. Net of other comprehensive income after tax | 6,092,413.94 | -7,877,044.81 |
| Net of other comprehensive income after tax attributable to the parent company’s owner | 6,092,413.94 | -7,844,704.19 |
| (I) Other comprehensive income which cannot be re-classified into gain and loss | ||
| 1. Movement of the net liabilities and net assets re-measured for setting the beneficial plan | ||
| 2. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 3. Movement of the fair value of the investment in other equity instruments | ||
| 4. Movement of the fair value of the Company’s own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income which shall be re-classified into gain and loss | 6,092,413.94 | -7,844,704.19 |
| 1. Other comprehensive income which can be converted into gain and loss based on the equity method | ||
| 2. Movement of the fair value of other creditor’s right investment | ||
| 3. Amount of the reclassified financial assets counted to the other comprehensive income | ||
| 4. Provision for impairment of the credit of the other creditor's right investment | ||
| 5. Reserve for cash flow hedge | ||
| 6. Conversion difference in foreign currency statements | 6,092,413.94 | -7,844,704.19 |
| 7. Others | ||
| Net amount of other comprehensive income after tax attributable to minority shareholders | -32,340.62 | |
| VII. Total comprehensive income | 235,893,788.40 | 334,722,418.43 |
| (I) Total comprehensive income attributable to the parent company’s owner | 235,893,788.40 | 334,734,701.77 |
| (II) Total comprehensive income attributable to minority shareholders | -12,283.34 | |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.5524 | 0.7995 |
| (II) Diluted earnings per share | 0.5524 | 0.7995 |
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui
3.Cash flow statement from the beginning of the year to the end of the reporting period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Cash flows arising from operating activities: | ||
| Cash received from sales of goods and supply of services | 3,761,732,293.60 | 4,500,004,848.59 |
| Net increase of customers’ deposit and due from banks | ||
| Net increase of borrowings from the central bank | ||
| Net increase of borrowings from other financial institutions | ||
| 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 | ||
| Cash received from interest, service charge and commission | ||
| Net increase of loan from other banks | ||
| Net increase of fund from repurchase business | ||
| Net cash received from securities trading on commission | ||
| Rebated taxes received | 4,693,824.88 | 332,318.54 |
| Other operation activity related cash receipt | 59,781,844.08 | 58,259,556.53 |
| Subtotal of cash flow in from operating activity | 3,826,207,962.56 | 4,558,596,723.66 |
| Cash paid for purchase of goods and reception of labor services | 2,468,862,583.75 | 2,996,540,264.43 |
| Net increase of loans and advances to customers | ||
| Net increase of due from central bank and due from other banks |
| Cash from payment for settlement of the original insurance contract | ||
| Net increase of the lending capital | ||
| Cash paid for interest, service charge and commission | ||
| Cash for payment of policy dividend | ||
| Cash paid to and for staff | 520,794,341.67 | 555,033,234.59 |
| Various taxes paid | 194,878,556.60 | 248,687,302.73 |
| Other operation activity related cash payments | 241,090,876.76 | 390,125,168.61 |
| Subtotal of cash flow out from operating activity | 3,425,626,358.78 | 4,190,385,970.36 |
| Net cash flows arising from operating activities | 400,581,603.78 | 368,210,753.30 |
| II. Cash flow arising from investment activities: | ||
| Cash received from recovery of investment | ||
| Cash received from investment income | ||
| Net cash from disposal of fixed assets,intangible assets and recovery of other long term assets | 187,785.69 | 43,107.14 |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other investment activity related cash receipts | ||
| Subtotal of cash flow in from investment activity | 187,785.69 | 43,107.14 |
| Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets | 91,211,685.29 | 154,549,937.25 |
| Cash paid for investment | ||
| Net increase of the pledged loan | ||
| Net cash paid for acquisition of subsidiaries and other operation units | ||
| Payment of other investment activity related cash | ||
| Subtotal of cash flow out from investment activity | 91,211,685.29 | 154,549,937.25 |
| Net cash flow arising from investment activities: | -91,023,899.60 | -154,506,830.11 |
| III. Cash flow arising from fund-raising activities: | ||
| Cash received from absorbing investment | 58,216,000.00 | |
| Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment | ||
| Cash received from loans | 745,155,704.29 | 950,175,970.17 |
| Other financing activity related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 745,155,704.29 | 1,008,391,970.17 |
| Cash paid for debt repayment | 690,177,286.25 | 1,096,639,047.51 |
| Cash paid for dividend/profit distribution or repayment of interest | 131,974,784.46 | 187,013,299.32 |
| Including: Dividend and profit paid by the subsidiaries to minority shareholders | ||
| Cash paid for other financing related activities | 146,380,933.69 | 58,958,288.96 |
| Sub-total of cash flow paid for fund-raising activities | 968,533,004.40 | 1,342,610,635.79 |
| Net cash flow arising from fund-raising activities | -223,377,300.11 | -334,218,665.62 |
| IV. Change of exchange rate influencing the cash and cash equivalent | 1,783,340.30 | -814,994.44 |
| V. Net increase of cash and cash equivalents | 87,963,744.37 | -121,329,736.87 |
| Plus: Opening balance of cash and cash equivalents | 210,254,737.14 | 353,057,285.71 |
| VI. Ending balance of cash and cash equivalents | 298,218,481.51 | 231,727,548.84 |
Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui(II) Auditor’s ReportHas the third quarter report been auditedNo
The Board of Directors ofFIYTA Precision Technology Co., Ltd.
October 26, 2022