FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
FIYTA HOLDINGS LTD.
2017 Third Quarterly Report,Full Text
October, 2017
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
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 Quarterly 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. Huang Yongfeng, the Company leader, Mr. Chen Zhuo, the chief financial officer, and Mr. Tian Hui,
the manager of the accounting department (treasurer) hereby confirm the authenticity, accuracy and
completeness of the financial report enclosed in this Quarterly Report.
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Section 2 Company Information
I. Key Accounting Data and Financial Indicators
Does the Company need to make retrospective adjustment or restatement of the accounting data of the
previous year?
No
Increase/decrease of the
End of the reporting period End of the previous year end of the report period vs
the end of the previous year
Total assets, in CNY 3,699,345,636.81 4,004,897,562.72 -7.63%
Net assets attributable to the
Company’s shareholders (in 2,465,983,929.10 2,371,370,535.17 3.99%
CNY)
Increase/decrease of
Increase/decrease of
From year beginning the reporting period
the report period vs
Reporting period to the end of the vs the same period
the same period of
report period of the previous year
the previous year
(%)
Operating revenue, in CNY 876,113,517.26 16.10% 2,475,654,661.61 10.81%
Net profit attributable to the
Company’s shareholders (in 49,839,227.96 3.86% 136,548,052.72 26.06%
CNY)
Net profit attributable to the
Company’s shareholders less 49,457,070.83 3.59% 135,395,527.77 26.12%
the non-recurring items, in CNY
Net cash flows arising from
-- -- 363,315,959.49 24.83%
operating activities, in CNY
Basic earnings per share
0.1136 4.22% 0.3112 26.04%
(CNY/share)
Diluted earnings per share
0.1136 4.22% 0.3112 26.04%
(CNY/share)
Net assets-income ratio,
2.01% -0.85% 5.66% 22.57%
weighted average
Non-recurring gain/loss items and the amount involved
In CNY
From year beginning to the
Items Notes
end of the reporting period
Gain and loss from disposal of non-current assets, including
-200,581.55
the part offset with the provision for impairment of assets
Government subsidy recognized in current gain and loss
2,414,836.49
(excluding those closely related to the Company’s business
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
and granted under the state’s policies according to certain
quota of amount or volume)
Income and expenses from the business other than the
-845,778.09
above items
Less: Amount affected by the income tax 215,951.90
Total 1,152,524.95 --
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. Statement of Total Shareholders of Common Shares and the Referred Shares with the Voting
Power Recovered and the Shares Held by Top Ten Shareholders
In Shares
Total common shareholders at Total shareholders of
the end of the reporting period 35,959 preferred shares with voting
power recovered (if any)
Shares held by the top 10 shareholders
Number of Pledged or frozen
Shareholders’ Nature of Proportion of Number of
restricted Status of the
Names Shareholders shares held shares held Q’ty
shares held shares
CATIC
Shenzhen State owned
37.15% 162,977,327
Holdings corporate
Limited
Chongqing
International Domestic
Trust Co., Ltd. - non-state 2.07% 9,103,318
YUXINTrust No. corporate
2
Chongqing
International
Domestic
Trust Co., Ltd. -
non-state 1.94% 8,502,780
Rongxintong
corporate
Series Unitrust
No. 10
Domestic
#Yang Zugui 1.65% 7,254,069
natural persons
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
MANULIFE
TEDA Fund-
Minsheng Bank
-MANULIFE
TEDA Value Domestic
Growth non-state 1.15% 5,043,559
Oriented corporate
Additional Issue
No. 351 Assets
Management
Program
Xizang
State owned
Investment Co., 1.13% 4,976,551
corporate
Ltd.
Golden Eagle
Fund- Minsheng
Bank-Golden
Eagle Wenshi Domestic
Junye Flexible non-state 1.07% 4,674,329
Disposition No. corporate
3 Assets
Management
Program
Guangdong
Domestic
Junye
non-state 0.76% 3,347,210
Investment Co.,
corporate
Ltd.
Shenzhen Heli
Domestic
Fengyuan
non-state 0.76% 3,314,781
Commerce &
corporate
Trade Co., Ltd.
Shenzhen
Domestic
Qianye Huirong
non-state 0.70% 3,076,400
Investment Co.,
corporate
Ltd.
Non-restricted shares held by the top ten shareholders
Share Type
Shareholders’ Names Number of unrestricted shares
Share Type Q’ty
RMB ordinary
CATIC Shenzhen Holdings
162,977,327 shares (A 162,977,327
Limited
shares)
RMB ordinary
Chongqing International Trust
9,103,318 shares (A 9,103,318
Co., Ltd. - YUXINTrust No. 2
shares)
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Chongqing International Trust RMB ordinary
Co., Ltd. - Rongxintong Series 8,502,780 shares (A 8,502,780
Unitrust No. 10 shares)
RMB ordinary
#Yang Zugui 7,254,069 shares (A 7,254,069
shares)
MANULIFE TEDA Fund-
Minsheng Bank-MANULIFE RMB ordinary
TEDA Value Growth Oriented 5,043,559 shares (A 5,043,559
Additional Issue No. 351 Assets shares)
Management Program
RMB ordinary
Xizang Investment Co., Ltd. 4,976,551 shares (A 4,976,551
shares)
Golden Eagle Fund- Minsheng
RMB ordinary
Bank-Golden Eagle Wenshi
4,674,329 shares (A 4,674,329
Junye Flexible Disposition No. 3
shares)
Assets Management Program
RMB ordinary
Guangdong Junye Investment
3,347,210 shares (A 3,347,210
Co., Ltd.
shares)
RMB ordinary
Shenzhen Heli Fengyuan
3,314,781 shares (A 3,314,781
Commerce & Trade Co., Ltd.
shares)
RMB ordinary
Shenzhen Qianye Huirong
3,076,400 shares (A 3,076,400
Investment Co., Ltd.
shares)
Of the top 10 shareholders, both Chongqing International Trust Co., Ltd. - YUXIN No.
2 Trust and Chongqing International Trust Co., Ltd. - Rongxintong Serial Order - Trust
Relationship/concerted action
No. 10 are subsidiaries of Chongqing International Trust Co., Ltd. Both of them are
among the above shareholders
holding totalling 17,606,098 shares of negotiable A-shares in the Company, which
takes 4.01% of the Company's total shares.
Note to the top 10 common
shareholders involved in margin
Inapplicable
financing & securities lending (if
any)
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conduct
contractual repurchase during the reporting period?
No
2. Statement of Total Shareholders of Preferred Shares and Shares Held by Top Ten Shareholders
of Preferred Shares
Inapplicable
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Section 3 Significant Events
I. Movements and the causes of major financial data and financial indicators in the
reporting period
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
1. Items of Balance Sheet
Ending Opening Change rate
Items Cause of Change
balance balance (%)
It mainly consisted of the input of the raised
Monetary fund
283,300,365.16 428,802,755.81 -33.93% capital and part of the working capital used
for repayment of bank loan
Notes receivable It was mainly due to increase of acceptance
11,843,004.08 7,662,556.28 54.56%
draft undue at the end of the reporting period
It mainly consisted of the money paid in
Other non-current
6,382,192.87 10,681,518.91 -40.25% advance for fixed asset converted into fixed
assets
asset upon acceptance inspection
It was mainly due to repayment of part of the
1,098,438,070.0
Short-term Loan 765,718,810.00 -30.29% bank loan with the working capital in the
current year.
It was mainly due to decrease of the trade
Accounts payable 148,025,474.49 215,422,089.74 -31.29%
payables at the end of the reporting period.
It was mainly due to increase of the
Taxes payable 85,190,519.61 50,945,289.31 67.22% enterprise income tax provided at the end of
the reporting period.
2. Items in Profit Statement
Same Period of
Reporting Change rate
Items the Previous Reason of Change
Period (%)
Year
It was mainly due to increase of the labor
cost, increase of R & D expenses in the
Administrative
64,896,843.37 46,470,757.63 39.65% current year and increase of the depreciation
expenses
arising from conversion of FIYTA Watch
Building into fixed assets at the end of 2016.
Loss from It was mainly due to increase of provision for
impairment of 8,416,056.39 1,909,350.83 340.78% bad debt and provision for price falling of
assets inventories in the reporting period.
It was mainly due to increase of the
Non-operating
991,658.14 442,044.51 124.33% government subsidy in the reporting period
income
over the corresponding period.
It was mainly due to payment of the donation
Non-operating
572,547.81 95,903.50 497.00% by FIYTA Dream Center to Shanghai Adream
expenses
Foundation.
3. Items of Cash Flow Statement
From year
beginning to Same Period of
Change rate Reason of Change
Items the end of the the Previous
(%)
reporting Year
period
Rebated taxes It was mainly due to increase of the export
863,877.72 69,388.94 1144.98%
received duties rebated in the current year.
Cash paid for
construction/purch It was mainly due to decrease of the
ase of fixed assets, engineering payments of Guangming New
85,209,670.21 134,423,973.14 -36.61%
intangible assets Zone Industrial Base over the corresponding
and other long period.
term assets
Cash received
It was mainly due to decrease of the bank
from loans 495,432,500.00 865,749,959.13 -42.77%
loan in the current year.
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
II. Progress of Significant Events, its Impacts and the Solutions
1. Change of Directors, Supervisors and Senior Executives
The Company's 19th Session of the Eighth Board of Directors held on September 4, 2017 and 2017 3rd
Extraordinary General Meeting held on September 20, 2017 reviewed and approved the Proposal of
Norminating Mr. Wang Bo as Director Candidate and the Proposal of Norminating Mr. Xiao Zhanglin as
Director Candidate. Mr. Wang Bo and Mr. Xiao Zhanglin were directors of the Company's Eighth Board
of Directors. For the detail, refer to Announcement on Resolutions of the 19th Session of the Eighth
Board of Directors - 2017-041 and Announcement on Resolutions of 2017 3rd Extraordinary General
Meeting - 2017-045 respectively disclosed on the Securities Times, Hong Kong Commercial Daily and
www.cninfo.com.cn.
The Company's 20th Session of the Eighth Board of Directors held on September 8, 2017 reviewed and
approved the Proposal for Election of the Chairman of the Board and Mr. Huang Yongfeng was elected
the Chairman of the Eighth Board of Directors. For the detail, refer to Announcement on Resolutions of
the 20th Session of the Eighth Board of Directors - 2017-044.
Index for inquiry with the website
Briefs of significant events Disclosure date
disclosing provisional reports
Announcement on Resolutions of the
19th Session of the Eighth Board of September 5, 2017 http://www.cninfo.com.cn/
Directors - 2017-041
Announcement on Resolutions of 2017
3rd Extraordinary General Meeting - September 21, 2017 http://www.cninfo.com.cn/
2017-045
Announcement on Resolutions of the
20th Session of the Eighth Board of September 9, 2017 http://www.cninfo.com.cn/
Directors - 2017-044
III. Failure in Due Fulfillment of the Commitments of the Actual Controllers,
Shareholders, Affiliates, and Acquirer and the Company during the Reporting Period
Inapplicable
IV. Prediction of the Operation Results Year 2017
Inapplicable
V. Investment in Securities
Inapplicable
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
VI. Investment in Derivatives
Inapplicable
VII. Registry of such Activities as Reception of the Visitors of Survey,
Communications, Interview, etc. during the Reporting Period
Inapplicable
VIII. Outward Guarantee against the Regulations
Inapplicable
IX. The Company’s Fund Occupied by its Controlling Shareholder or Related Party
for Non-operation Purpose
Inapplicable
X. Implementation of the Social Responsibility of Taking Targeted Measures to
Alleviate Poverty in Light of Local Conditions.
In the reporting third quarter, the Company neither carried out the work of taking targeted measures to
alleviate poverty in light of local conditions nor had such a plan.
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Section 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by Fiyta Holdings Ltd.
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 283,300,365.16 428,802,755.81
Settlement reserve
Inter-bank lending
Financial assets which were
measured based on the fair value and
its change was counted to the current
gain and loss
Derivative financial assets
Notes receivable 11,843,004.08 7,662,556.28
Accounts receivable 338,666,010.37 306,671,021.69
Prepayments 26,315,018.90 33,709,656.73
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract
receivable
Interest receivable
Dividends receivable
Other receivables 38,837,580.98 33,393,017.28
Redemptory monetary capital for
sale
Inventories: 1,845,115,043.76 1,997,097,192.38
Assets classified as that held for
sale
Non-current assets due within a
year
Other current assets 15,810,024.42 20,344,532.09
Total current assets 2,559,887,047.67 2,827,680,732.26
Non-Current Assets:
Provision of loans and advance in
cash
Available-for-sale financial assets 85,000.00 85,000.00
Held –to-maturity investment
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Long-term accounts receivable
Long-term equity investment 43,612,496.76 43,423,624.87
Investment based real estate 282,038,799.83 244,202,635.09
Fixed assets 559,184,323.71 611,204,169.03
Construction-in-process 2,931,677.90
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 40,062,217.29 38,751,903.42
Development expenses
Goodwill
Long-term expenses to be
102,954,444.53 133,688,403.88
apportioned
Deferred income tax asset 102,207,436.25 95,179,575.26
Other non-current assets 6,382,192.87 10,681,518.91
Total non-current assets 1,139,458,589.14 1,177,216,830.46
Total assets 3,699,345,636.81 4,004,897,562.72
Current liabilities:
Short-term Loan 765,718,810.00 1,098,438,070.00
Borrowings from central bank
Deposits taking and interbank
placement
Loans from other banks
Financial liabilities which were
measured based on the fair value and
its change was charged to the current
gain and loss
Derivative financial liabilities
Notes payable
Accounts payable 148,025,474.49 215,422,089.74
Advance receipts 16,748,559.84 13,902,703.90
Funds from selling out and
repurchasing financial assets
Service charge and commission
payable
Salaries payable to the
39,091,321.82 45,254,585.69
employees
Taxes payable 85,190,519.61 50,945,289.31
Interest payable 2,108,364.46 2,475,969.65
Dividends payable
Other payables 41,969,491.21 53,733,080.99
Payable reinsurance
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Reserve for insurance contract
Acting trading securities
Income from securities
underwriting on commission
Liabilities classified as that held
for sale
Non-current liabilities due within a
21,500,000.00 26,117,387.52
year
Other current liabilities 5,076,626.25 2,379,148.19
Total current liabilities 1,125,429,167.68 1,508,668,324.99
Non-Current Liabilities:
Long-term Loan 97,684,977.24 115,301,048.00
Bonds payable
Including: preferred shares
Permanent liabilities
Long term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
Deferred income 7,280,000.00 5,980,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 104,964,977.24 121,281,048.00
Total liabilities 1,230,394,144.92 1,629,949,372.99
Owner’s equity
Capital stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
Permanent liabilities
Capital reserve 1,062,455,644.22 1,062,455,644.22
Less: shares in stock
Other comprehensive income -9,838,668.93 -11,778,498.24
Special reserve
Surplus reserve 193,961,700.45 193,961,700.45
Reserve against general risks
Retained earnings 780,660,372.36 687,986,807.74
Total owner’s equity attributable to the
2,465,983,929.10 2,371,370,535.17
parent company
Minority shareholders’ equity 2,967,562.79 3,577,654.56
Total owners’ equity 2,468,951,491.89 2,374,948,189.73
Total liabilities and owners’ equity 3,699,345,636.81 4,004,897,562.72
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Accounting Department: Tian Hui
2. Balance Sheet, Parent Company
In CNY
Items Ending balance Opening balance
Current assets:
Monetary fund 215,874,518.95 270,947,926.47
Financial assets which were
measured based on the fair value and its
change was counted to the current gain
and loss
Derivative financial assets
Notes receivable
Accounts receivable 848,803.45 255,995.64
Prepayments
Interest receivable
Dividends receivable
Other receivables 850,326,175.53 1,191,947,054.57
Inventories:
Assets classified as that held for
sale
Non-current assets due within a
year
Other current assets 8,401,816.24 5,805,712.39
Total current assets 1,075,451,314.17 1,468,956,689.07
Non-Current Assets:
Available-for-sale financial assets
Held –to-maturity investment 85,000.00 85,000.00
Long-term accounts receivable
Long-term equity investment 1,374,861,087.69 1,256,593,344.87
Investment based real estate 246,500,055.39 207,804,447.15
Fixed assets 371,516,078.44 414,581,425.11
Construction-in-process 2,931,677.90
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 33,098,651.61 32,438,001.77
Development expenses
Goodwill
Long-term expenses to be
4,616,402.84 5,721,622.60
apportioned
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Deferred income tax asset 4,261,244.68 1,502,555.54
Other non-current assets 4,085,315.23 10,681,518.91
Total non-current assets 2,041,955,513.78 1,929,407,915.95
Total assets 3,117,406,827.95 3,398,364,605.02
Current liabilities:
Short-term Loan 618,000,000.00 908,000,000.00
Financial liabilities which were
measured based on the fair value and its
change was charged to the current gain
and loss
Derivative financial liabilities
Notes payable
Accounts payable 61,071,875.12 77,826,174.63
Advance receipts 4,234,172.59 2,767,858.84
Salaries payable to the employees 4,116,642.94 8,020,288.56
Taxes payable 2,327,719.92 2,883,511.63
Interest payable 1,047,937.83 1,312,644.11
Dividends payable
Other payables 98,551,373.09 18,959,721.51
Liabilities classified as that held for
sale
Non-current liabilities due within a
21,500,000.00 8,000,000.00
year
Other current liabilities
Total current liabilities 810,849,721.49 1,027,770,199.28
Non-Current Liabilities:
Long-term Loan 92,361,928.00 109,861,928.00
Bonds payable
Including: preferred shares
Permanent liabilities
Long term accounts payable
Long term accrued payroll
Special accounts payable
Predicted liabilities
Deferred income 7,280,000.00 5,980,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 99,641,928.00 115,841,928.00
Total liabilities 910,491,649.49 1,143,612,127.28
Owner’s equity
Capital stock 438,744,881.00 438,744,881.00
Other equity instruments
Including: preferred shares
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Permanent liabilities
Capital reserve 1,068,111,185.32 1,068,111,185.32
Less: shares in stock
Other comprehensive income
Special reserve
Surplus reserve 193,961,700.45 193,961,700.45
Retained earnings 506,097,411.69 553,934,710.97
Total owners’ equity 2,206,915,178.46 2,254,752,477.74
Total liabilities and owners’ equity 3,117,406,827.95 3,398,364,605.02
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
3 Consolidated Statement of Profit in the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Gross Revenue 876,113,517.26 754,607,535.18
Including: revenue 876,113,517.26 754,607,535.18
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 811,930,483.19 691,537,557.81
Including: operating costs 512,791,871.39 438,098,536.83
Interest payment
Service charge and
commission payment
Refunded premiums
Compensation pay-out,
net
Net amount of reserves
for reinsurance contract
Policy dividend
payment
Reinsurance expenses
Taxes and surcharges 7,962,036.51 6,640,491.47
Sales costs 205,086,341.20 182,290,250.26
Administrative
64,896,843.37 46,470,757.63
expenses
Financial expenses 12,777,334.33 16,128,170.79
Loss from impairment of
8,416,056.39 1,909,350.83
assets
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
180,593.64
is stated with “-“)
Including: return on
investment in associate and joint 180,593.64
venture
Exchange income (loss is
stated with “-“)
Other income
III. Operating Profit (loss is stated
64,183,034.07 63,250,571.01
with “-“)
Plus: Non-operating income 991,658.14 442,044.51
Including: profit from
2,680.00 2.91
disposal of non-current assets
Less: Non-operating expenses 572,547.81 95,903.50
Including: Loss from
189,908.60 143,573.63
disposal of non-current assets
IV. Total profit (total loss is stated
64,602,144.40 63,596,712.02
with “-”)
Less: Income tax expense 15,078,018.06 15,748,647.67
V. Net Profit (net loss is stated with
49,524,126.34 47,848,064.35
“-“)
Net profit attributable to the
49,839,227.96 47,988,842.36
parent company’s owner
Minority shareholders’
-315,101.62 -140,778.01
gain/loss
VI. Net of other comprehensive
-5,344,611.14 -451,219.34
income after tax
Net of other comprehensive
income after tax attributable to the -5,228,715.27 -471,302.37
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
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
(II) Other comprehensive
income which cannot be
-5,228,715.27 -471,302.37
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
gain/loss from cash flow hedge
5. Converted difference
-5,228,715.27 -471,302.37
in Foreign Currency Statements
6. Others
Net amount of other
comprehensive income after tax -115,895.87 20,083.03
attributable to minority shareholders
VII. Total comprehensive income 44,179,515.20 47,396,845.01
Total comprehensive income
attributable to the parent company’s 44,610,512.69 47,517,539.99
owner
Total comprehensive income
-430,997.49 -120,694.98
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.1136 0.1090
(II) Diluted earnings per share 0.1136 0.1090
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
4. Statement of Profit in the Reporting Period, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 27,263,052.24 24,201,543.68
Less: Operating cost 4,615,106.22 3,641,992.53
Taxes and surcharges 1,306,737.51 146,079.08
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Sales costs
Administrative expenses 22,373,257.77 13,057,505.42
Financial expenses 2,644,287.94 1,965,393.14
Loss from impairment of
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
is stated with “-“)
Including: return on
investment in associate and joint
venture
Other income
II. Operating Profit (loss is stated
-3,676,337.20 5,390,573.51
with “-“)
Plus: Non-operating income 900.00 4,000.00
Including: Profit from
disposal of non-current assets
Less: Non-operating
338,275.82
expenses
Including: Loss from
38,246.82
disposal of non-current assets
III. Total profit (total loss is stated
-4,013,713.02 5,394,573.51
with “-“)
Less: Income tax expense -1,041,658.25 1,122,895.86
IV. Net Profit (net loss is stated with
-2,972,054.77 4,271,677.65
“-“)
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
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
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
gain/loss from cash flow hedge
5. Converted difference
in Foreign Currency Statements
6. Others
VI. Total comprehensive income -2,972,054.77 4,271,677.65
VII. Earnings per share:
(I) Basic earnings per share -0.0067 0.0097
(II) Diluted earnings per share -0.0067 0.0097
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
5. Consolidated Statement of Profit from Year Beginning to the End of the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Gross Revenue 2,475,654,661.61 2,234,135,318.36
Including: revenue 2,475,654,661.61 2,234,135,318.36
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 2,300,032,696.40 2,095,795,948.68
Including: operating costs 1,454,271,556.22 1,319,761,817.34
Interest payment
Service charge and
commission payment
Refunded premiums
Compensation pay-out,
net
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
Net amount of reserves
for reinsurance contract
Policy dividend
payment
Reinsurance expenses
Taxes and surcharges 23,143,533.79 19,709,073.59
Sales costs 599,372,662.99 560,297,890.37
Administrative
163,067,230.32 141,317,767.23
expenses
Financial expenses 38,977,967.39 51,358,824.77
Loss from impairment of
21,199,745.69 3,350,575.38
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
188,871.89 172.19
is stated with “-“)
Including: return on
investment in associate and joint 188,871.89 172.19
venture
Exchange income (loss is
stated with “-“)
Other income
III. Operating Profit (loss is stated
175,810,837.10 138,339,541.87
with “-“)
Plus: Non-operating income 2,619,138.60 1,844,404.79
Including: Loss from
6,250.55 10,962.91
disposal of non-current assets
Less: Non-operating expenses 1,250,661.75 624,872.52
Including: Loss from
206,832.10 238,406.66
disposal of non-current assets
IV. Total profit (total loss is stated
177,179,313.95 139,559,074.14
with “-”)
Less: Income tax expense 41,043,403.06 31,528,361.21
V. Net Profit (net loss is stated with
136,135,910.89 108,030,712.93
“-“)
Net profit attributable to the
136,548,052.72 108,321,268.16
parent company’s owner
Minority shareholders’
-412,141.83 -290,555.23
gain/loss
VI. Net of other comprehensive
1,741,879.37 9,198,679.33
income after tax
Net of other comprehensive
1,939,829.31 9,106,574.34
income after tax attributable to the
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
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
1,939,829.31 9,106,574.34
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
gain/loss from cash flow hedge
5. Converted difference
1,939,829.31 9,106,574.34
in Foreign Currency Statements
6. Others
Net amount of other
comprehensive income after tax -197,949.94 92,104.99
attributable to minority shareholders
VII. Total comprehensive income 137,877,790.26 117,229,392.26
Total comprehensive income
attributable to the parent company’s 138,487,882.03 117,427,842.50
owner
Total comprehensive income
-610,091.77 -198,450.24
attributable to minority shareholders
VIII. Earnings per share:
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
(I) Basic earnings per share 0.3112 0.2469
(II) Diluted earnings per share 0.3112 0.2469
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
6. Statement of Profit from Year Beginning to the End of the Reporting Period, Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Revenue 78,617,476.17 73,346,749.19
Less: Operating cost 13,233,987.77 10,425,234.15
Taxes and surcharges 3,164,461.73 2,202,125.40
Sales costs 5,024,222.36
11. Administrative
56,117,901.54 40,695,696.32
expenses
Financial expenses 8,490,598.99 8,544,259.24
Loss from impairment of
assets
Add: Income from change of
fair value (loss is stated with “-“)
Investment income (loss
188,871.89 135,344,832.55
is stated with “-“)
Including: return on
investment in associate and joint 188,871.89 172.19
venture
Other income
II. Operating Profit (loss is stated
-7,224,824.33 146,824,266.63
with “-“)
Plus: Non-operating income 790,779.89 116,119.88
Including: Loss from
disposal of non-current assets
Less: Non-operating expenses 358,275.82 300,000.00
Including: Loss from
38,246.82
disposal of non-current assets
III. Total profit (total loss is stated
-6,792,320.26 146,640,386.51
with “-“)
Less: Income tax expense -2,829,509.08 2,045,098.08
IV. Net Profit (net loss is stated with
-3,962,811.18 144,595,288.43
“-“)
V. Net of other comprehensive
income after tax
(I) Other comprehensive
income which cannot be
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
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
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
gain/loss from cash flow hedge
5. Converted difference
in Foreign Currency Statements
6. Others
VI. Total comprehensive income -3,962,811.18 144,595,288.43
VII. Earnings per share:
(I) Basic earnings per share -0.0090 0.3296
(II) Diluted earnings per share -0.0090 0.3296
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
7. Consolidated Cash Flow Statement from Year Beginning to the End of the Reporting Period
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Net cash flows arising from
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
operating activities:
Cash received from sales of
2,792,775,081.25 2,507,629,254.14
goods and supply of labor service
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
Net increase of the financial
assets that are measured at fair
value and whose movement is
counted to the current gain and loss.
Cash received from interest,
service charge and commission
Net increase of loan from other
banks
Net increase of fund from
repurchase business
Rebated taxes received 863,877.72 69,388.94
Other operation activity related
24,629,308.80 19,567,411.30
cash receipts
Subtotal of cash flow in from
2,818,268,267.77 2,527,266,054.38
operating activity
Cash paid for purchase of
goods and reception of labor 1,544,513,523.88 1,419,582,686.24
services
Net increase of loans and
advances to customers
Net increase of due from
central bank and due from banks
Cash from payment for
settlement of the original insurance
contract
Cash paid for interest, service
charge and commission
Cash for payment of policy
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
dividend
Cash paid to and for staff 387,000,554.27 367,327,625.94
Taxes paid 200,395,453.26 203,953,164.01
Other business activity related
323,042,776.87 245,361,546.12
cash payments
Subtotal of cash flow out from
2,454,952,308.28 2,236,225,022.31
operating activity
Net cash flow arising from operating
363,315,959.49 291,041,032.07
activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
383,750.00
investment income
Net cash received from
disposal of fixed assets, intangible 1,167,247.92 4,142,748.05
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Subtotal of cash flow in from
1,167,247.92 4,526,498.05
investment activity
Cash paid for
construction/purchase of fixed
85,209,670.21 134,423,973.14
assets, 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
Other investment related cash
payments
Subtotal of cash flow out from
85,209,670.21 134,423,973.14
investment activity
Net cash flow arising from
-84,042,422.29 -129,897,475.09
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from absorbing
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
investment
Incl.: Cash received from the
subsidiaries’ absorption of minority
shareholders’ investment
Cash received from loans 495,432,500.00 865,749,959.13
Cash received from bond
issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund
495,432,500.00 865,749,959.13
raising activity
Cash paid for debt repayment 841,720,370.72 1,079,796,531.30
Cash paid for dividend/profit
76,460,575.01 107,561,341.89
distribution or repayment of interest
Including: Dividend and profit
paid by the subsidiaries to minority
shareholders
Cash paid for other financing
992,669.19
activities
Sub-total cash flow paid for
918,180,945.73 1,188,350,542.38
financing activities
Net cash flow arising from financing
-422,748,445.73 -322,600,583.25
activities
IV. Change of exchange rate
influencing the cash and cash -2,027,482.12 518,775.56
equivalent
V. Net increase of cash and cash
-145,502,390.65 -160,938,250.71
equivalents
Plus: Opening balance of cash
427,227,755.81 637,387,875.93
and cash equivalents
VI. Ending balance of cash and cash
281,725,365.16 476,449,625.22
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
8. Consolidated Cash Flow Statement from Year Beginning to the End of the Reporting Period,
Parent Company
In CNY
Items Amount incurred in the reporting period Amount incurred in the previous period
I. Net cash flows arising from
operating activities:
Cash received from sales of 83,065,809.42 73,576,715.84
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
goods and supply of labor service
Rebated taxes received 62,967.65
Other operation activity related
371,702,310.58 271,951,706.92
cash receipts
Subtotal of cash flow in from
454,768,120.00 345,591,390.41
operating activity
Cash paid for purchase of
goods and reception of labor
services
Cash paid to and for staff 42,393,494.11 42,004,181.00
Taxes paid 7,632,305.47 6,559,453.04
Other business activity related
19,722,463.57 13,579,640.33
cash payments
Subtotal of cash flow out from
69,748,263.15 62,143,274.37
operating activity
Net cash flow arising from operating
385,019,856.85 283,448,116.04
activities
II. Cash flows arising from
investment activities:
Cash received from recovery
of investment
Cash received from
135,728,410.36
investment income
Net cash received from
disposal of fixed assets, intangible 25,600.00
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other investment related cash
receipts
Subtotal of cash flow in from
25,600.00 135,728,410.36
investment activity
Cash paid for
construction/purchase of fixed
35,452,627.12 71,305,141.81
assets, intangible assets and other
long term assets
Cash paid for investment 442,270,000.00
Net cash paid for acquisition of
subsidiaries and other operation 38,927,328.35
units
Other investment related cash
payments
Subtotal of cash flow out from 74,379,955.47 513,575,141.81
FIYTA HOLDINGS LTD. 2017 Third Quarterly Report, Full Text
investment activity
Net cash flow arising from
-74,354,355.47 -377,846,731.45
investment activities
III. Cash flows arising from fund
raising activities:
Cash received from absorbing
investment
Cash received from loans 460,000,000.00 731,500,000.00
Cash received from bond
issuing
Other fund-raising related cash
receipts
Subtotal of cash flow in from fund
460,000,000.00 731,500,000.00
raising activity
Cash paid for debt repayment 754,000,000.00 790,000,000.00
Cash paid for dividend/profit
71,662,219.12 96,961,707.75
distribution or repayment of interest
Cash paid for other financing
992,669.19
activities
Sub-total cash flow paid for
825,662,219.12 887,954,376.94
financing activities
Net cash flow arising from financing
-365,662,219.12 -156,454,376.94
activities
IV. Change of exchange rate
influencing the cash and cash -76,689.78
equivalent
V. Net increase of cash and cash
-55,073,407.52 -250,852,992.35
equivalents
Plus: Opening balance of cash
269,372,926.47 512,294,824.81
and cash equivalents
VI. Ending balance of cash and cash
214,299,518.95 261,441,832.46
equivalents
Legal representative: Huang Yongfeng Chief Financial Officer: Chen Zhuo Person in charge of the
Accounting Department: Tian Hui
II. Auditors’ Report
Has the Third Quarterly Report been Audited
No