飞亚达B:2022年第一季度报告（英文）

FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2022-020

FIYTA Precision Technology Co. Ltd.2022 First Quarter Report

The Company and all the members of the Board of Directors ensure that the information disclosed is authentic

accurate and complete and there are no false records misleading statements or significant omissions in the

Report.Important Notice:

1. 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 the Report and

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) hereby

confirm the authenticity accuracy and completeness of the financial report enclosed in this Quarter Report.

3. Has the First Quarter Report been audited

I. Financial Highlights

(I) Summary of Accounting/Financial Data

Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year

Year-on-year

Same period of the previous

Reporting period increase/decrease in the

year

reporting period

Revenue in CNY 1173700720.94 1378277735.81 -14.84%

Net profit attributable to the Company’s

86354073.76118222042.23-26.96%

shareholders in CNY

Net profit attributable to the Company’s

shareholders less the non-recurring items in 84104404.06 113576505.85 -25.95%

CNY

Net cash flows arising from operating activities

16020422.0228711219.83-44.20%

in CNY

Basic earning per share (CNY/share) 0.2083 0.2780 -25.07%

Diluted earning per share (CNY/share) 0.2083 0.2780 -25.07%

Return on equity weighted average 2.84% 4.15% -1.31%

Increase/decrease at the end

End of the reporting period End of the previous year of the year over the end of the

previous year

Total assets (in CNY) 4073600004.56 4110579952.49 -0.90%

Owner’s equity attributable to the Company’s

3071285561.153013232642.531.93%

shareholders in CNY

(II) Non-recurring gain/loss items and the amount involved

In CNY

Items Amount in the reporting period Notes

Gain/loss from disposal of non-current assets including the part

-729742.09

written-off with the provision for impairment of assets.

1FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

The government subsidies included in the profits and losses of the

current period ( (excluding government grants which are closely related

4320020.38

to the Company’s normal business and conform with the national

standard amount or quantity)

Other non-operating income and expenses other than the aforesaid

-696466.55

items

Less: Amount affected by the income tax 644142.04

Total 2249669.70 --

Details of other gains and losses in compliance with the definition of non-recurring gains and losses.Inapplicable

Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure

for Companies Offering Their Securities to the Public as recurring gains and losses

Inapplicable

(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes

(I) Items of the Balance Sheet

Amount at the end of Amount at the year Variation

Items Cause of the movement

the reporting period beginning proportion

Advance Mainly due to increase of the advance payment for purchase of

16424587.287946750.81106.68%

payments brand watches and drive units.Other current

47565284.72 72698692.72 -34.57% Mainly due to decrease of input VAT to be deducted

assets

Mainly due to increase of the short-term bank borrowings in the

Short term loans 351228111.21 265994595.43 32.04%

reporting period.Mainly due to increase of notes paid for precision technology

Notes payable 585143.10 21223.10 2657.10%

business during the reporting period.Mainly due to decrease of inventory purchase in the reporting period

Accounts payable 156895550.94 254588895.34 -38.37%

over the year beginning.Payroll payable to Mainly due to the year-end bonus paid already during the reporting

91015889.47145936150.06-37.63%

the employees period.Shares in stock 92229615.49 60585678.92 52.23% Mainly due to the implementation of the repurchase of B-shares.(II) Profit Statement Items

End of the reporting Same period of the Variation

Items Cause of the movement

period previous year proportion

Mainly due to increase of the loss from disposal of the assets

Income from

-729742.09 55838.26 -1406.89% brought about from the closing of partial shops during the reporting

disposal of assets

period.Non-operating Mainly due to increase of the loss of the deposit brought about from

769784.2516194.204653.46%

expenditures the closing of partial shops during the reporting period.II. Information of the Shareholders

(I) Total number of the common shareholders and preferred shareholders whose voting rights are restored and

shares held by the top 10 shareholders

In shares

Total preference shareholders

Total common shareholders at the end with the voting power recovered

347340

of the reporting period at the end of the reporting period

(if any)

Shareholding by top 10 shareholders

Number of the Pledging marking or freezing

Names of the Nature of the Shareholding Number of shares

restricted shares

Shareholders shareholder proportion held Status of the

held Quantity shares

AVIC International

State corporate 38.25% 162977327 0

Holding Limited

Domestic natural

Qiu Hong 0.54% 2300000 0

person

2FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

China Ifund Asset

Management Co.Ltd. - Ifund

All-Weather No. 2 Others 0.43% 1841716 0

Phase G Private

Equity Securities

Investment Fund

Domestic natural

Li Shuyuan 0.30% 1296400 0

person

Construction Bank

of China - Penghua

Huizhi Optimized Others 0.30% 1278707 0

Hybrid Securities

Investment Fund

Domestic natural

Zhang Yinnan 0.28% 1195128 0

person

China Everbright

Bank Co. Ltd -

Yingda Ruisheng

Flexible Others 0.27% 1162000 0

Configuration

Hybrid Securities

Investment Fund

Domestic natural

Chen Hao 0.25% 1051743 0

person

Domestic natural

# Shen Xuewen 0.22% 920200 0

person

Domestic natural

# Huang Yun 0.20% 868700 0

person

Shares held by top 10 shareholders of unrestricted shares

Share type

Names of the Shareholders Quantity of unrestricted shares held by the shareholders

Share type Quantity

CNY ordinary

AVIC International Holding Limited 162977327 162977327

CNY ordinary

Qiu Hong 2300000 2300000

China Ifund Asset Management Co.Ltd. - Ifund All-Weather No. 2 Phase G CNY ordinary

18417161841716

Private Equity Securities Investment shares

Fund

CNY ordinary

Li Shuyuan 1296400 1296400

Construction Bank of China - Penghua

CNY ordinary

Huizhi Optimized Hybrid Securities 1278707 1278707

Investment Fund

Domestically listed

Zhang Yinnan 1195128 1195128

foreign shares

China Everbright Bank Co. Ltd - Yingda

CNY ordinary

Ruisheng Flexible Configuration Hybrid 1162000 1162000

Securities Investment Fund

CNY ordinary

Chen Hao 1051743 1051743

CNY ordinary

# Shen Xuewen 920200 920200

CNY ordinary

# Huang Yun 868700 868700

Explanation on associated relationship

or consistent action of the above Inapplicable

shareholders

1. China Ifund Asset Management Co. Ltd. - Ifund All-Weather No. 2 Phase G Private Equity

Securities Investment Fund one of the Company’s shareholders holds 1841716 shares in the

Note to the top 10 shareholders involved Company by means of credit transaction guaranty securities account ;

in margin financing & securities lending

(if any) 2. Shen Xuewen one of the Company’s shareholders holds 920200 shares in the Company by

means of a credit transaction guaranty securities account;

3. Huang Yuntong one of the Company’s shareholders holds 868700 shares in the Company by

means of a credit transaction guaranty securities account.

3FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

Note: Ended the reporting period the Company repurchased 6147304 B-shares in the Company held in the special

securities account that had not been stated as one of the top 10 shareholders.(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders

Inapplicable

III. Note to other significant events

(I) Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)

The 4th session of the Tenth Board of Directors held on December 28 2021 reviewed and approved the Proposal on the

Release Conditions having been Satisfied for the Second Release Period of 2018 Restricted A-Share Incentive Scheme

(Phase I). The 1244421 restricted shares (accounting for 0.29% of the Company's total share capital) that could be lifted

this time were listed for trading on February 07 2022. For the details please refer to the "Indicative Announcement on the

First Release of the Restricted Sales Period and the Listing of the Restricted Shares for Trading Involved in the 2018A-Share Restricted Stock Incentive Scheme (Phase I) 2022-002” disclosed in http://www.cninfo.com.cn.According to the “Proposal for Repurchase and Cancellation of the Partial Restricted Shares Involved in 2018 RestrictedA-Share Incentive Scheme (Phase I)” approved at the 10th Sessions of the Tenth Board of Directors held on March 08

2022 the Company decided to repurchase and cancel a total of 60120 restricted A-shares that were granted with the

restriction but not released to the three retired incentive objects in the 2018 Restricted A-Share Incentive Scheme (Phase

I). For the details please refer to the "Announcement on Repurchase and Cancellation of Partial Restricted SharesInvolved in the 2018 A-Share Restricted Stock Incentive Scheme (Phase I) 2022-013” disclosed in the Securities Times

Hong Kong Commercial Daily and http://www.cninfo.com.cn. The said repurchase proposal is still necessary to be

submitted to the General Meeting for approval.(II) Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)According to the “Proposal for Repurchase and Cancellation of the Partial Restricted Shares Involved in 2018 RestrictedA-Share Incentive Scheme (Phase II)” approved at the 10th Sessions of the Tenth Board of Directors held on March 8

2022 the Company decided to repurchase and cancel a total of 250000 restricted A-shares that were granted with the

restriction but not released to the three retired incentive objects in the 2018 Restricted A-Share Incentive Scheme (Phase

II). For the details please refer to the "Announcement on Repurchase and Cancellation of Partial Restricted SharesInvolved in the 2018 A-Share Restricted Stock Incentive Scheme (Phase II) 2022-014” disclosed in

http://www.cninfo.com.cn. The said repurchase proposal is still necessary to be submitted to the General Meeting for

approval.(III) Personnel Change of the Company's Senior Executives

The 5th Sessions of the Tenth Board of Directors held on February 08 2022 reviewed and approved the Proposal on the

Designation Appointment of the Chief Accountant and the Proposal on the Designation of the Chief Accountant to Perform

the Duties of the Board Secretary and decided to appoint Mr. Song Yaoming as the Chief Accountant of the Company and

the Company designated Mr. Song Yaoming to perform the duties of the Board Secretary before the new Board Secretaryis duely appointed. For the details please refer to the “Announcement on the Change of the Company’s Chief Accountantand Designating the Board Secretary to Perform the Duties of the Board Secretary 2022-004.(IV) Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)

The 2nd session of the Tenth Board of Directors held on October 25 2021 and 2021 5th Extraordinary General Meetingheld on November 30 2021 reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed

4FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full TextForeign Shares in the Company (B-shares)”. Ended the reporting period the Company accumulatively repurchased

6147304 shares in the Company through a centralized bidding method with the special account for the securities

repurchased accounting for 1.44% of the Company’s total share capital. the total amount already paid was

HK$ 47412881.31 (with the stamp duty commission and other transaction costs exclusive). For the detail refer to the

serial announcements of progress disclosed in http://www.cninfo.com.cn.IV. Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by FIYTA Precision Technology Co. Ltd.March 31 2022

In CNY

Items Ending balance Opening balance

Current assets:

Monetary capital 218304647.14 210254737.14

Settlement reserve

Inter-bank lending

Transactional financial assets

Derivative financial assets

Notes receivable 59755241.62 61258145.80

Accounts receivable 368376666.35 388885601.28

Financing with accounts receivable

Advance payments 16424587.28 7946750.81

Receivable premium

Reinsurance accounts receivable

Reserve for reinsurance contract

receivable

Other receivables 61456146.17 61553267.82

Including: Interest receivable

Dividends receivable

Redemptory monetary capital for sale

Inventories 2063658306.12 2050148750.89

Contract assets

Held-for-sale assets

Non-current assets due within a year

Other current assets 47565284.72 72698692.72

Total current assets 2835540879.40 2852745946.46

Non-current assets:

Loan issuing and advance in cash

Equity investment

Other equity investment

Long term accounts receivable

Long-term equity investments 55155605.31 55155605.31

Investment in other equity instruments 85000.00 85000.00

Other non-current financial assets

Investment-oriented real estate 379566781.99 383425916.35

Fixed assets 344285099.32 349495316.65

Construction-in-progress

Productive biological asset

5FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

Oil and Gas Assets

Use right assets 139320869.07 147932475.42

Intangible assets 33025945.42 34035330.43

Development expenses

Goodwill

Long term expenses to be apportioned 160198264.89 163790333.44

Deferred income tax asset 81925389.33 81233274.65

Other non-current assets 44496169.83 42680753.78

Total non-current assets 1238059125.16 1257834006.03

Total assets 4073600004.56 4110579952.49

Current liabilities:

Short term loans 351228111.21 265994595.43

Borrowings from central bank

Loans from other banks

Transactional financial liabilities

Derivative financial liabilities

Notes payable 585143.10 21223.10

Accounts payable 156895550.94 254588895.34

Advance receipt 8309629.50 11025664.72

Contract liabilities 20669861.56 22505426.65

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 91015889.47 145936150.06

Taxes payable 50953819.51 67769880.01

Other payables 168956402.57 167808759.95

Including: interest payable

Dividends payable 4007982.64 5015026.30

Service charge and commission

payable

Payable reinsurance

Held-for-sale liabilities

Non-current liabilities due within a year 80568807.41 86949906.35

Other current liabilities 2624889.05 2798738.32

Total current liabilities 931808104.32 1025399239.93

Non-current liabilities:

Reserve for insurance contract

Long-term borrowings

Bonds payable

Including: preferred shares

Perpetual bond

Lease liabilities 63696369.47 64918722.10

Long-term accounts payable

Long term payroll payable to the

employees

Estimated liabilities

Deferred income 1792833.90 1792833.90

Deferred income tax liability 5017135.72 5236514.03

Other non-current liabilities

Total non-current liabilities 70506339.09 71948070.03

6FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

Total liabilities 1002314443.41 1097347309.96

Owner’s equity:

Capital stock 426051015.00 426051015.00

Other equity instruments

Including: preferred shares

Perpetual bond

Capital reserve 1044036681.84 1040908194.13

Less: shares in stock 92229615.49 60585678.92

Other comprehensive income -7706898.98 -7658346.40

Special reserve 1325577.43 1062731.13

Surplus reserve 275010401.50 275010401.50

Reserve against general risks

Retained earnings 1424798399.85 1338444326.09

Total owners’ equity attributable to the

3071285561.153013232642.53

parent company

Minority shareholders’ equity

Total owner’s equity 3071285561.15 3013232642.53

Total liabilities and owners’ equity 4073600004.56 4110579952.49

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the Accounting Department: Tian Hui

2. Consolidated Profit Statement

In CNY

Items Amount incurred in the reporting period Amount incurred in the previous period

I. Turnover 1173700720.94 1378277735.81

Including: operating income 1173700720.94 1378277735.81

Interest income

Earned insurance premium

Service charge and commission

income

II. Total operating costs 1065454948.14 1232594973.38

Including: Operating costs 725288861.90 863898587.47

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 6623183.80 7586076.81

Sales costs 257444571.92 280821158.83

Administrative expenses 55399290.60 56888205.32

R & D expenditures 12984545.64 13209007.18

Financial expenses 7714494.28 10191937.77

Where: Interest cost 5184394.84 7371044.43

Interest income 750842.75 1055297.15

Plus: Other income 4320020.38 6070986.55

Investment income (loss is stated

with “-”)

Including: return on investment in

associate and joint venture

Gain from the derecognition of

7FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

the financial assets measured at amortised

cost

Exchange income (loss stated with“-“)Net exposure hedge income (lossstated with “-“)Income from change of fair value

(loss is stated with “-”)

Loss from impairment of credit (loss

29964.40101926.46

is stated with “-”)

Loss from impairment of assets (loss

is stated with “-”)

Income from disposal of assets (loss

-729742.0955838.26is stated with “-“)III. Operating Profit (loss is stated with “-“) 111866015.49 151911513.70Plus: Non-operating income 73317.70 53671.38

Less: Non-operating expenditures 769784.25 16194.20

IV. Total profit (total loss is stated with “-”) 111169548.94 151948990.88

Less: Income tax expense 24815475.18 33706891.38V. Net Profit (net loss is stated with “-“) 86354073.76 118242099.50(I) Classification based on operation

sustainability

1. Net Profit from sustainable operation

86354073.76118242099.50

(net loss is stated with “-”)

2. Net Profit from termination of

operation (net loss is stated with “-”)

(II) Classification by ownership

1. Net profit attributable to the parent

86354073.76118222042.23

company’s owner

2. Minority shareholders’ gain/loss 20057.27

VI. Net of other comprehensive income after

-48552.58-7350304.91

tax

Net of other comprehensive income after

tax attributable to the parent company’s -48552.58 -7350270.06

owner

(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

-48552.58-7350270.06

shall be re-classified into gain and loss

1. Other comprehensive income

which can be converted into gain and loss

based on the equity method

2. Movement of the fair value of

the investment in other debt instruments

3. Amount of the reclassified

financial assets counted to the other

comprehensive income

4. Provision for impairment of the

credit of the other debt investment

5. Reserve for cash flow hedge

6. Conversion difference in foreign

-48552.58-7350270.06

currency statements

8FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

7. Others

Net amount of other comprehensive

income after tax attributable to minority -34.85

shareholders

VII. Total comprehensive income 86305521.18 110891794.59

Total comprehensive income attributable

86305521.18110871772.17

to the parent company’s owner

Total comprehensive income attributable

20022.42

to minority shareholders

VIII. Earnings per share:

(I) Basic earnings per share 0.2083 0.2780

(II) Diluted earnings per share 0.2083 0.2780

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the Accounting Department: Tian Hui

3. Consolidated Cash Flow Statement

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

1341476147.741523350402.04

supply of services

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 448081.85 136077.50

Other operation activity related cash

13508738.5417653164.00

receipts

Subtotal of cash flow in from operating

1355432968.131541139643.54

activity

Cash paid for purchase of goods and

950732002.361090077507.00

reception of labor services

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 234412020.13 237448359.49

9FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

Taxes paid 69645546.92 75193535.72

Other business activity related cash

84622976.70109709021.50

payments

Subtotal of cash flow out from operating

1339412546.111512428423.71

activity

Net cash flows arising from operating

16020422.0228711219.83

activities

II. Cash flow arising from investment

activities:

Cash received from recovery of

investment

Cash received from investment income

Net cash from disposal of fixed

assetsintangible assets and recovery of 3705.21 9762.94

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 investment

3705.219762.94

activity

Cash paid for purchase/construction of

fixed assets Intangible assets and other 29038120.17 45203402.55

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 investment

29038120.1745203402.55

activity

Net cash flow arising from investment

-29034414.96-45193639.61

activities:

III. Cash flow arising from fund-raising

activities:

Cash received from absorbing

58216000.00

investment

Incl.: Cash received from the

subsidiaries’ absorption of minority

shareholders’ investment

Cash received from loans 593052257.18 404237473.75

Other fund-raising activity related cash

receipts

Subtotal of cash flow in from fund raising

593052257.18462453473.75

activity

Cash paid for debt repayment 500000000.00 251180000.00

Cash paid for dividend/profit

4471210.325950681.24

distribution or repayment of interest

Including: Dividend and profit paid by

the subsidiaries to minority shareholders

Other fund-raising activity related cash

67053433.4525620115.35

receipts

Sub-total cash flow paid for financing

571524643.77282750796.59

activities

Net cash flow arising from fund-raising

21527613.41179702677.16

activities

IV. Change of exchange rate influencing the

-463710.47-407377.48

cash and cash equivalent

V. Net increase of cash and cash

8049910.00162812879.90

equivalents

Plus: Opening balance of cash and

210254737.14353057285.71

cash equivalents

VI. Ending balance of cash and cash 218304647.14 515870165.61

10FIYTA Precision Technology Co. Ltd. 2022 First Quarter Report Full Text

equivalents

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the Accounting Department: Tian Hui

(II) Auditor’s Report

Has the First Quarter Report been audited

FIYTA Precision Technology Co. Ltd.Board of Directors

April 23 2022

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