FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
Stock code: 000026 200026 Stock abbreviation: FIYTA FIYTA B Announcement No.: 2025-015
FIYTA Precision Technology Co. Ltd.2025 First Quarter Report
The company and all members of the board of directors guarantee that the information disclosed is true accurate
and complete and there are no false records misleading statements or major omissions.Important content:
1. The board of directors the board of supervisors and directors supervisors and senior management guarantee that
the quarterly report is true accurate and complete and there are no false records misleading statements or major
omissions and they assume individual and joint legal responsibility.
2. The person in charge of the company the responsible person in charge of accounting work and head of accounting
department (accounting supervisor) declare that they guarantee the truthfulness accuracy and completeness of the
financial information in the quarterly report.
3. Whether the first quarterly report has been audited
No
This report is prepared in both Chinese and English. In case of any ambiguity the Chinese version shall prevail.
1FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
I. Key Financial Data
(I) Main Accounting Data and Financial Indicators
Does the company need to retrospectively adjust or restate previous years' accounting data
No
Increase or decrease in the
Current reporting Same period of the current reporting period
period previous year compared to the same
period of the previous year
Operating revenue (RMB) 924208353.87 1065150876.00 -13.23%
Net profit attributable to
shareholders of the listed company 45306381.34 75499096.30 -39.99%
(RMB)
Net profit attributable to
shareholders of the listed company
44139266.9169755955.88-36.72%
excluding non-recurring gains and
losses (RMB)
Net cash flow generated from
83070547.91-964281.208714.76%
operating activities (RMB)
Basic earnings per share
0.11180.1828-38.84%
(RMB/share)
Diluted earnings per share
0.11180.1825-38.74%
(RMB/share)
Weighted average return on equity 1.32% 2.24% -0.92%
Increase or decrease at the
End of the current end of the current reporting
End of the previous year
reporting period period compared to the end
of the previous year
Total assets (RMB) 3889006677.61 4007690717.02 -2.96%
Owner's equity attributable to
shareholders of the listed company 3451122292.03 3391843200.61 1.75%
(RMB)
(II) Non-recurring gains and losses items and amounts
Unit: RMB
Amount for the current reporting
Item Description
period
Gain or loss from disposal of non-
current assets (including the reversal -153256.91
of provision for asset impairment)
Government grants recognized in
profit or loss for the period (excluding
those closely related to the
company's normal operations in
compliance with national policies 725787.32
entitled to in accordance with certain
criteria and having a sustained
impact on the company's gain and
loss)
Fair value gains and losses on
financial assets and financial 148113.38
liabilities held by non-financial
2FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
enterprises and gains and losses
from disposal of financial assets and
financial liabilities excluding effective
hedging transactions related to
normal business operations
Reversal of impairment provision for
accounts receivable that are 432016.34
individually tested for impairment
Other operating income and
371184.12
expenses excluding the above items
Less: Income tax effect amount 356729.82
Total 1167114.43 --
Specifics of other items that meet the definition of non-recurring gains and losses
Not applicable
Explanation of circumstances where items listed in 'Interpretative Announcement No. 1 on Information Disclosure by
Companies Publicly Issuing Securities—Non-recurring Gains and Losses' are classified as recurring Gains and Losses
Not applicable
(iii) Changes and reasons for changes in key accounting data and financial indicators
1. Consolidated balance sheet items
Unit: RMB
Beginning Change
Item Ending balance Reason for change
balance percentage
Short-term Primarily due to a decrease in funding
63998804.51124087754.51-48.42%
borrowings needs during the reporting period.Advance Mainly due to a reduction in advance
6504614.2111783796.49-44.80%
receipts receipts for property leasing business.Employee Primarily due to the disbursement of
compensation 50141212.22 92260153.14 -45.65% year-end bonuses during the reporting
payable period.Mainly due to the impact of equity
Dividends
0.00 2785293.14 -100.00% incentive vesting during the reporting
payable
period.Mainly due to the impact of equity
Treasury stock 0.00 12815556.81 -100.00% incentive vesting during the reporting
period.
2. Consolidated income statement items
Unit: RMB
Amounts incurred in Amount incurred in
Item Change percentage Reason for change
the current period the previous period
Mainly due to a year-on-
year decrease in bank
Interest expense 1044496.57 2503202.83 -58.27%
borrowings during the
reporting period.Mainly due to a significant
Credit impairment reversal of impairment on
1920643.112979316.13-35.53%
losses off-balance sheet business
in the same period last year.Mainly due to the impact of
Gain on disposal of
-153256.91 2949209.65 -105.20% property disposals in the
assets
same period last year.
3FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
3. Consolidated cash flow statement items
Unit: RMB
Amounts incurred in Amount incurred in the Change
Item Reason for change
the current period previous period percentage
Mainly due to a year-on-year
Net cash flow from decrease in expenditures for
83070547.91-964281.208714.76%
operating activities inventory purchases and
labor costs.Net cash flow from
Mainly due to the increase in
investment -23731073.14 -14330594.44 -65.60%
time deposits.activities
Net cash flow from Mainly due to a year-on-year
-88373737.54-60159120.75-46.90%
financing activities decrease in bank borrowings.II. Shareholder Information
(I) Total number of common shareholders and number of preferred shareholders with restored
voting rights and the shareholding situation of the top ten shareholders
Unit: shares
Total number of common
Total number of preferred shareholders with restored
shareholders at the end of the 26830 0
voting rights at the end of the reporting period (if any)
reporting period
Top 10 shareholders' shareholding situation (excluding shares lent through securities lending)
Number of Pledge Marking or Freezing
Shareholder Nature of Shareholding Number of
Restricted Status
Name Shareholder ratio Shares Held
Shares Held Status of Shares Quantity
AVIC State-
International owned
40.17% 162977327 0 Not applicable 0
Holding Legal
Limited Person
domestic
#Wu Jilin natural 4.20% 17026812 0 Not applicable 0
person
domestic
Xu Guoliang natural 0.92% 3744568 0 Not applicable 0
person
domestic
Qiu Hong natural 0.62% 2510000 0 Not applicable 0
person
domestic
#Zhu Rui natural 0.53% 2149400 0 Not applicable 0
person
National
Social Security
Other 0.41% 1676300 0 Not applicable 0
Fund Portfolio
604
Industrial and
Commercial
Bank of China
Co. Ltd. - GF
CSI State- Other 0.35% 1410000 0 Not applicable 0
owned
Enterprises
Reform
Shareholder
4FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
Returns ETF
domestic
#Wang Xing natural 0.34% 1387800 0 Not applicable 0
person
domestic
#Zhou Wangli natural 0.29% 1172100 0 Not applicable 0
person
domestic
#Qu Yongjie natural 0.28% 1130300 0 Not applicable 0
person
Top 10 unrestricted tradable shareholders' holdings (excluding shares lent through securities lending and executive
share lock-ups)
Type of shares
Shareholder Name Number of unrestricted tradable shares held
Type of shares Quantity
AVIC International Holding RMB ordinary
162977327162977327
Limited shares
RMB ordinary
#Wu Jilin 17026812 17026812
shares
RMB ordinary
Xu Guoliang 3744568 3744568
shares
RMB ordinary
Qiu Hong 2510000 2510000
shares
RMB ordinary
#Zhu Rui 2149400 2149400
shares
National Social Security Fund RMB ordinary
16763001676300
Portfolio 604 shares
Industrial and Commercial
Bank of China Co. Ltd. - GF
RMB ordinary
CSI State-owned Enterprises 1410000 1410000
shares
Reform Shareholder Returns
ETF
RMB ordinary
#Wang Xing 1387800 1387800
shares
RMB ordinary
#Zhou Wangli 1172100 1172100
shares
RMB ordinary
#Qu Yongjie 1130300 1130300
shares
Explanation of the relationships or concerted
The company is unaware of any relationships or concerted actions
actions among the aforementioned
among the top 10 shareholders.shareholders
1. In addition to holding 7754477 shares through a regular securities
account shareholder Wu Jilin also holds 9272335 shares through a
margin trading securities account guaranteed by China CICC Wealth
Securities Co. Ltd. totaling 17026812 shares.
2. In addition to holding 172600 shares through a regular securities
account shareholder Zhu Rui also holds 1976800 shares through a
margin trading securities account guaranteed by First Capital
Explanation of the top 10 shareholders'
Securities Co. Ltd. totaling 2149400 shares.participation in margin financing and securities
3. Shareholder Wang Xing holds 932500 shares through a regular
lending (if any)
securities account and an additional 455300 shares through a margin
trading securities account with China Merchants Securities Co. Ltd.totaling 1387800 shares.
4. Shareholder Zhou Wangli holds 1172100 shares through a margin
trading securities account with China Galaxy Securities Co. Ltd.
5. Shareholder Qu Yongjie holds 1130300 shares through a margin
trading securities account with Shanxi Securities Co. Ltd.Details on shares lent by shareholders owning more than 5% top 10 shareholders and top 10 unrestricted tradable
5FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
shareholders in securities lending transactions
Not applicable
Changes in the top 10 shareholders and top 10 unrestricted tradable shareholders due to securities lending
transactions compared to the previous period
Not applicable
(II) Total number of preferred shareholders and the holdings of the top 10 preferred
shareholders
Not applicable
III. Other important matters
1. Matters related to the company's 2018 A-share restricted stock incentive plan (second phase)
Approved by the 11th board of directors at its fourth meeting the conditions for lifting the restriction on the third
unlocking period of the 2018 A-share restricted stock incentive plan (second phase) have been met. The 2.04742
million A-share restricted stocks involved were listed and tradable on Feb. 5 2025. For details refer to the company's
announcement on the CNINFO on Jan. 23 2025 titled 'Announcement on the Listing and Circulation of the Restricted
Shares from the Third Unlocking Period of the 2018 A-share Restricted Stock Incentive Plan (Second Phase) 2025-
004'.
6FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: FIYTA Precision Technology Co. Ltd.Mar. 31 2025
Unit: RMB
Item Ending balance Beginning balance
Current assets:
Monetary funds 489976358.08 518954177.49
Settlement Reserve
Lendings to Banks and Other
Financial Institutions
Trading financial assets
Derivative financial assets
Notes receivable 24909230.18 29611600.60
Accounts receivable 289362315.55 260152834.43
Financing of receivables
Prepayments 6788354.75 3858053.60
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserves
Other receivables 55855273.52 56982351.27
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventory 1901746998.77 1984486969.74
Including: data resources
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 97139733.88 98007925.22
Total current assets 2865778264.73 2952053912.35
Non-current assets:
Issuance of loans and advances
Debt investment
Other debt investments
Long-term receivables
Long-term equity investments 50907036.84 50907036.84
Other equity instrument investments
Other non-current financial assets
Investment properties 297588076.59 301002364.41
Fixed assets 373038926.25 377568144.41
Construction in progress
Productive biological assets
Oil and gas assets
Right-of-use assets 85794463.25 98437976.41
Intangible assets 31166203.91 31567927.16
Including: data resources
7FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
Development expenditure
Including: data resources
Goodwill
Long-term prepaid expenses 100005928.64 110205323.29
Deferred income tax assets 79500501.91 82155778.31
Other non-current assets 5227275.49 3792253.84
Total non-current assets 1023228412.88 1055636804.67
Total assets 3889006677.61 4007690717.02
Current liabilities:
Short-term borrowings 63998804.51 124087754.51
Borrowing from the central bank
Loans from other banks
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 78250256.07 115532921.57
Advance receipts 6504614.21 11783796.49
Contract liabilities 9411179.69 12605722.95
Financial assets sold under
repurchase agreements
Absorption of deposits and
interbank deposit
Receivings from vicariously traded
securities
Receivings from vicariously sold
securities
Employee compensation payable 50141212.22 92260153.14
Taxes and surcharges payable 49466823.53 49815151.35
Other payables 86646497.08 104638483.81
Including: Interest payable
Dividends payable 2785293.14
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within
58929339.8063538231.06
one year
Other current liabilities 2214502.37 1529468.07
Total current liabilities 405563229.48 575791682.95
Non-current liabilities:
Insurance contract reserves
Long-term borrowings
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 27673107.40 35065292.04
Long-term payables
Long-term employee benefits
payable
Estimated liabilities
Deferred income
Deferred income tax liabilities 4648048.70 4990541.42
Other non-current liabilities
Total non-current liabilities 32321156.10 40055833.46
Total liabilities 437884385.58 615847516.41
Owner's equity:
Share capital 405764007.00 405764007.00
8FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
Other equity instruments
Including: Preferred stock
Perpetual bonds
Capital reserve 935650082.21 936339503.60
Less: Treasury stock 12815556.81
Other comprehensive income 17450375.43 15686794.62
Special reserves 4423156.61 4340162.76
Surplus reserve 275010401.50 275010401.50
General risk provisions
Undistributed profits 1812824269.28 1767517887.94
Total equity attributable to owners of
3451122292.033391843200.61
the parent company
Minority equity
Total owner's equity 3451122292.03 3391843200.61
Total liabilities and owner's equity 3889006677.61 4007690717.02
Legal representative: Zhang Xuhua
Responsible person in charge of accounting work: Song Yaoming
Head of accounting department: Tian Hui
2. Consolidated income statement
Unit: RMB
Amount incurred in the previous
Item Amounts incurred in the current period
period
I. Total operating revenue 924208353.87 1065150876.00
Including: Operating revenue 924208353.87 1065150876.00
Interest income
Earned premiums
Fee and commission income
II. Total operating costs 870495965.73 974432726.28
Including: Operating costs 599894645.35 678091040.35
Interest expenses
Commissions and fees
expenses
Surrender value
Net amount of compensation
payout
Net amount of insurance
liability reserve withdrawals
Policy dividend expenses
Reinsurance expenses
Taxes and surcharges 7529349.13 6383389.41
Sales expenses 199743317.94 225628850.97
Administrative expenses 43433958.07 45467020.50
R&D expenses 16645686.19 14435086.78
Financial expenses 3249009.05 4427338.27
Including: Interest
1044496.572503202.83
expenses
Interest income 913360.85 1021252.43
Plus: Other income 2052361.01 1740510.64
Investment income (losses 148113.38
9FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
marked with a '-' )
Including: Income from
investments in associates and joint
ventures
Income from
derecognition of financial assets
measured at amortized cost
Foreign exchange gains
(losses marked with a '-' )
Net hedging gains (losses
marked with “-”)
Fair value change gains
(losses marked with “-”)
Credit impairment losses
1920643.112979316.13
(losses marked with “-”)
Asset impairment losses
1774747.59
(losses marked with “-”)
Gains on disposal of assets
-153256.912949209.65
(losses marked with “-”)
III. Operating profit (losses marked
59454996.3298387186.14
with “-”)
Plus Non-operating income 517100.34 340407.61
Less: Non-operating expenses 145916.22 20361.99
IV. Total profit (total losses marked
59826180.4498707231.76
with “-”)
Less: Income tax expense 14519799.10 23208135.46
V. Net Profit (Net Loss indicated with
45306381.3475499096.30
a "-")
(I) Classified by Continuity of
Operations
1. Net Profit from Continuing
Operations (Net Loss indicated with a 45306381.34 75499096.30
"-")
2. Net Profit from Discontinued
Operations (Net Loss indicated with a
"-")
(II) Classified by Ownership
1. Net Profit Attributable to
45306381.3475499096.30
Owners of the Parent Company
2. Minority interest income
VI. Net Amount of Other
1763580.81-6464708.02
Comprehensive Income After Tax
Other Comprehensive Income After
Tax Attributable to Owners of the 1763580.81 -6464708.02
Parent Company
(I) Other Comprehensive Income
that Cannot Be Reclassified to Profit
or Loss
1. Remeasurements of defined
benefit plan obligations
2. Other comprehensive
income under equity method not
reclassified to profit or loss
3. Fair value changes of other
equity instrument investments
10FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
4. Fair value changes due to
own credit risk
5. Others
(ii) Other comprehensive income
1763580.81-6464708.02
to be reclassified to profit or loss
1. Other comprehensive
income under equity method
reclassified to profit or loss
2. Changes in fair value of
other debt investments
3. Amounts reclassified to other
comprehensive income from financial
assets
4. Credit impairment provisions
for other debt investments
5. Cash flow hedge reserve
6. Exchange differences on
translating foreign currency financial 1763580.81 -6464708.02
statements
7. Others
Other comprehensive income
attributable to minority shareholders
net of tax
VII. Total comprehensive income 47069962.15 69034388.28
Total comprehensive income
attributable to owners of the parent 47069962.15 69034388.28
company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.1118 0.1828
(II) Diluted earnings per share 0.1118 0.1825
Legal representative: Zhang Xuhua
Responsible person in charge of accounting work: Song Yaoming
Head of accounting department: Tian Hui
3. Consolidated Statement of Cash Flows
Unit: RMB
Amounts incurred in the Amount incurred in the previous
Item
current period period
I. Cash flows from operating activities:
Cash received from sales of goods or
979891467.781147315290.57
rendering of services
Net increase in deposits from customers and
due from banks and other financial institutions
Net increase in borrowings from central bank
Net increase in funds borrowed from other
financial institutions
Cash received from initial insurance contract
premiums
Net cash received from reinsurance business
Net increase in policyholder deposits and
investment funds
Cash received from interests handling
11FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
charges and commissions
Net increase in loans from banks and other
financial institutions
Net capital increase in repurchase business
Net cash received from acting as securities
broker
Tax refunds received 327338.86 837925.87
Cash received from other operating activities 8214985.36 10555854.88
Subtotal of cash inflows from operating activities 988433792.00 1158709071.32
Cash paid for purchasing goods and receiving
598701554.75809254741.34
services
Net increase in loans and advances to
customers
Net increase in deposits with central bank and
other banks
Cash paid for claims under original insurance
contracts
Net increase in Lendings to Banks and Other
Financial Institutions
Cash paid for interest handling charges and
commissions
Cash paid for policy dividends
Cash paid to and for employees 177536251.62 199231956.37
Cash paid for taxes and surcharges 61064954.74 70531590.40
Cash paid for other operating activities 68060482.98 80655064.41
Subtotal of cash outflows from operating
905363244.091159673352.52
activities
Net cash flow from operating activities 83070547.91 -964281.20
II. Cash flows from investing activities:
Cash received from disposal of investments
Cash received from returns on investments 160504.65
Net cash received from disposal of fixed
assets intangible assets and other long-term 1924.49 4740975.47
assets
Net cash received from disposal of
subsidiaries and other business units
Cash received related to other investment
44398333.54
activities
Subtotal of cash inflows from investment
44560762.684740975.47
activities
Cash paid for acquisition of fixed assets
14328680.9719071569.91
intangible assets and other long-term assets
Cash paid for investments
Net increase in pledged loans
Net cash paid for acquisition of subsidiaries
and other business units
Cash paid related to other investment
53963154.85
activities
Subtotal of cash outflows from investment
68291835.8219071569.91
activities
Net cash flow from investment activities -23731073.14 -14330594.44
III. Cash flows from financing activities:
Cash received from investment absorption
Including: Cash received by subsidiaries
12FIYTA Precision Technology Co. Ltd. 2025 First Quarter Report
from investments by minority shareholders
Cash received from borrowings 60000000.00 120000000.00
Cash received from other financing activities
Subtotal of cash inflows from financing activities 60000000.00 120000000.00
Cash paid for debt repayment 120000000.00 150000000.00
Cash paid for dividends profits or interest
2663900.151442427.78
payments
Including: Dividends and profits paid to
minority shareholders by subsidiaries
Cash paid for other financing activities 25709837.39 28716692.97
Subtotal of cash outflows from financing
148373737.54180159120.75
activities
Net cash flow from financing activities -88373737.54 -60159120.75
IV. Impact of exchange rate changes on cash
56443.36-41874.48
and cash equivalents
V. Net increase in cash and cash equivalents -28977819.41 -75495870.87
Plus: Beginning balance of cash and cash
518954177.49504629153.71
equivalents
VI. Ending balance of cash and cash
489976358.08429133282.84
equivalents
Legal representative: Zhang Xuhua
Responsible person in charge of accounting work: Song Yaoming
Head of accounting department: Tian Hui
(ii) Implementation of new accounting standards adjustments starting from
2025 affecting the financial statement items at the beginning of the year of first
implementation
Not applicable
(iii) Auditor's report
Whether the first quarterly report has been audited
No
FIYTA Precision Technology Co. Ltd.Board of Directors
Apr. 25 2025
13
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