飞亚达B:2023年第一季度报告（英文）

FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2023-023

FIYTA Precision Technology Co. Ltd.2023 First Quarter Report

The Company and all 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.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 this 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

1FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

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 increase/decrease in the

Same period of the previous

Reporting period reporting period over the same period

year

of the previous year (%)

Revenue in CNY 1200095568.76 1173700720.94 2.25%

Net profit attributable to the

Company’s shareholders in 103189489.23 86354073.76 19.50%

CNY

Net profit attributable to the

Company’s shareholders less 95484229.79 84104404.06 13.53%

the non-recurring items in CNY

Net cash flows arising from

80169964.0016020422.02400.42%

operating activities in CNY

Basic earning per share

0.25050.208320.26%

(CNY/share)

Diluted earning per share

0.25050.208320.26%

(CNY/share)

Return on equity weighted

3.23%2.84%0.39%

average

Increase/decrease at the end of the

End of the reporting

End of the previous year year over the end of the previous year

period

(%)

Total assets (in CNY) 4100025213.23 4117143911.99 -0.42%

Owner’s equity attributable to

the Company’s shareholders in 3252796335.91 3136423492.15 3.71%

CNY

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

In CNY

Amount in the

Items Notes

reporting period

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

-73523.67

written-off with the provision for impairment of assets.The government subsidies included in the profits and losses of the

current period ( (excluding government grants which are closely

2825263.25

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

national standard amount or quantity)

Reversal of provision for impairment of accounts receivable that

968041.01

has been separately tested for impairment

Other non-operating income and expenses with the aforesaid items

259239.00

exclusive

Other gains and losses in compliance with the definition of non- Offsetting of the equity incentive expense

5904091.45

recurring gains and losses. with the unlocking condition unsatisfied.Less: Amount affected by the income tax 2177851.60

Total 7705259.44

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

Explanation on defining 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

1.Balance sheet items

Percentage of

Items Ending balance Opening balance Cause of the change

change

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

12511922.878039794.9755.62%

payments drive units and raw materials during the reporting period.Mainly due to decrease in advance receipts from the property

Advance receipts 10651706.80 16960128.83 -37.20%

business.Payroll payable to Mainly due to the year-end bonus paid already during the

95190163.89136587939.38-30.31%

employees reporting period.

2FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

2. Profit Statement Items

Amount incurred in Amount incurred in the Percentage of

Items Cause of the change

the reporting period previous period change

Interest Mainly due to a decrease in loan interest and amortization interest

2990967.605184394.84-42.31%

expenses on lease liabilities.Other income 2825263.25 4320020.38 -34.60% Mainly due to the decrease of government subsidies received.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 common shareholders at the Total preference shareholders with the voting power recovered at

341630

end of the reporting period the end of the reporting period (if any)

Shareholding by top 10 shareholders

Shareholdin Number of the

Names of the Nature of the Number of shares Pledging marking or freezing

g proportion restricted shares

Shareholders shareholder held

(%) held Status of the shares Quantity

AVIC

International State corporate 39.02% 162977327 0.00

Holding Limited

Domestic natural

# Wu Jilin 3.99% 16657976 0.00

person

Domestic natural

Xu Guoliang 1.04% 4333668 0.00

person

Domestic natural

Qiu Hong 0.59% 2470000 0.00

person

Guoxin

Investment Co. State legal entity 0.58% 2441500 0.00

Ltd.China Merchants

Foreign legal

Securities (HK) 0.31% 1294817 0.00

entity

Co. Limited

Domestic natural

# Qu Yongjie 0.30% 1266800 0.00

person

Domestic natural

#Zhu Rui 0.29% 1229700 0.00

person

Domestic natural

Chen Hao 0.26% 1079243 0.00

person

# Zhang Domestic natural

0.24%10222000.00

Mingrong person

Shares held by top 10 shareholders of unrestricted shares

Share type

Names of the Shareholders Quantity of unrestricted shares held

Share type Quantity

CNY ordinary

AVIC International Holding Limited 162977327 162977327

CNY ordinary

# Wu Jilin 16657976 16657976

CNY ordinary

Xu Guoliang 4333668 4333668

CNY ordinary

Qiu Hong 2470000 2470000

CNY ordinary

Guoxin Investment Co. Ltd. 2441500 2441500

Domestic listed

China Merchants Securities (HK) Co.

1294817 foreign investment 1294817

Limited

CNY ordinary

# Qu Yongjie 1266800 1266800

CNY ordinary

#Zhu Rui 1229700 1229700

CNY ordinary

Chen Hao 1079243 1079243

CNY ordinary

# Zhang Mingrong 1022200 1022200

Explanation on associated relationship or consistent The Company has no idea on whether the above 10 shareholders are associated or

action of the above shareholders are acting in concert.

1. In addition to the 9825624 shares held through the ordinary securities account

Wu Jilin one of the shareholders of the Company also holds 6832352 shares

through the credit transaction guarantee securities account. Therefore Wu Jilin is

Note to the top 10 shareholders involved in margin actually holding 16657976 shares;

financing & securities lending (if any) 2. In addition to the 22800 shares held through the ordinary securities account Qu

Yongjie one of the shareholders of the Company also holds 1244000 shares

through the credit transaction guarantee securities account. Therefore Qu Yongjie is

actually holding 1266800 shares;

3FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

3. In addition to the 92000 shares held through the ordinary securities account Zhu

Rui one of the shareholders of the Company also holds 1137700 shares through

the credit transaction guarantee securities account. Therefore Zhu Rui is actually

holding 1229700 shares;

4. In addition to the 0 shares held through the ordinary securities account Zhang

Mingrong one of the shareholders of the Company also holds 1022200 shares

through the credit transaction guarantee securities account. Therefore Zhang

Mingrong is actually holding 1022200 shares;

(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference Shareholders

Inapplicable

III. Note to other significant events

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

Reviewed and approved at the 10th session of the Tenth Board of Directors the Company satisfied the conditions for

releasing the trading restriction in the third trading restriction release period of the Company's 2018 Restricted Stock

Incentive Scheme (Phase I) and the 1.16232 million restricted A-shares involved were listed for trading on January 31

2023. For the details please refer to the "Indicative Announcement on the Listing of the Restricted Shares for Trading

of the Third Trading Restriction Release Period in the 2018 A-Share Restricted Stock Incentive Scheme (Phase I)

2023-002” disclosed in http://www.cninfo.com.cn.

2. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)

Reviewed and approved at the 10th session of the Tenth Board of Directors the Company satisfied the conditions for

releasing the trading restriction in the first trading restriction release period of the Company's 2018 A-Share Restricted

Stock Incentive Scheme (Phase II) and the 2.27439 million restricted A-shares involved were listed for trading on

January 31 2023. For the details please refer to the "Indicative Announcement on the Listing of the Restricted Shares

for Trading of the First Trading Restriction Release Period in the 2018 A-Share Restricted Stock Incentive Scheme(Phase II) 2023-001” disclosed in http://www.cninfo.com.cn.Reviewed and approved at the 11th session of the Tenth Board of Directors as four of the incentive grantees in the

incentive scheme left their offices the Company intended to repurchase and cancel a total of 146740 restricted A-

shares in their hands which had been granted to them but had not been released from the trading restrictions; as the

conditions for releasing the trading restriction in the second trading restriction release period of the Incentive Scheme

had not yet been satisfied the Company intended to handle the repurchase and cancellation of the shares with the

conditions for releasing the trading restriction unsatisfied held by 120 incentive grantees with a total of 2201130

shares involved. The above matter still need to be submitted to 2022 Annual General Meeting for review and approval.For the details please refer to the "Indicative Announcement on Repurchase and Cancellation of Partial RestrictedShares in the 2018 A-Share Restricted Stock Incentive Scheme (Phase II) 2023-013” and the “Announcement on theConditions for Releasing the Trading Restriction of the Second Trading Restriction Release Period in the 2018 A-

Share Restricted Stock Incentive Scheme (Phase II) Unsatisfied and Repurchase and Cancellation of PartialRestricted Shares 2023-014” disclosed in http://www.cninfo.com.cn.

3. Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)

Reviewed and approved at the 11th session of the Tenth Board of Directors the Company intended to use its own

funds of no less than CNY 50 million but no more than CNY 100 million to repurchase 6.66 million to 13.32 million B-

shares by means of the centralized bidding transaction for deregistration and reduction of the registered capital. This

matter still needs to be submitted to the 2022 Annual General Meeting for review and approval. For the detail pleaserefer to the “Proposal for Repurchasing Partial Domestically Listed Foreign Investment Shares (B-Shares) asRepurchased and the Change of the Company’s Shares 2023-015”disclosed in http://www.cninfo.com.cn on March 18

2023.

4FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

IV. Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by FIYTA Precision Technology Co. Ltd.March 31 2023

In CNY

Items Ending balance Opening balance

Current assets:

Monetary capital 348095993.14 313747463.64

Settlement reserve

Inter-bank lending

Transactional financial assets

Derivative financial assets

Notes receivable 23746911.51 32214912.10

Accounts receivable 368140156.62 305290959.68

Financing with accounts receivable

Advance payment 12511922.87 8039794.97

Receivable premium

Reinsurance accounts receivable

Reserve for reinsurance contract

receivable

Other receivables 58383934.76 56918019.48

Including: Interest receivable

Dividends receivable

Redemptory monetary capital for

sale

Inventories 2090175263.42 2141320373.67

Contract assets

Held-for-sale assets

Non-current assets due within a

year

Other current assets 51062882.89 66339505.32

Total current assets 2952117065.21 2923871028.86

Non-current assets:

Loan issuing and advance in cash

Equity investment

Other equity investment

Long term accounts receivable

Long-term equity investments 58182086.90 58182086.90

Investment in other equity

85000.0085000.00

instruments

Other non-current financial assets

Investment-oriented real estate 371059873.30 374979494.71

Fixed assets 359287572.07 364628765.17

Construction-in-progress

Productive biological asset

Oil and Gas Assets

Use right assets 92504408.52 110330512.03

Intangible assets 32251415.40 33200218.63

Development expenses

Goodwill

Long term expenses to be

129941028.99144488452.18

apportioned

Deferred income tax asset 92849263.82 95784611.94

Other non-current assets 11747499.02 11593741.57

Total non-current assets 1147908148.02 1193272883.13

5FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

Total assets 4100025213.23 4117143911.99

Current liabilities:

Short term borrowings 290224736.11 290237111.11

Borrowings from the central bank

Loans from other banks

Transactional financial liabilities

Derivative financial liabilities

Notes payable 2000600.00 2000600.00

Accounts payable 124137573.10 170589456.67

Advance receipts 10651706.80 16960128.83

Contract liabilities 14956720.71 16844437.47

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 employees 95190163.89 136587939.38

Taxes payable 64283879.12 60770168.30

Other payables 142432724.66 165060122.58

Including: interest payable

Dividends payable 3423458.72 6324013.97

Service charge and commission

payable

Payable reinsurance

Held-for-sale liabilities

Non-current liabilities due within a

60494208.9771546316.16

year

Other current liabilities 1902319.63 1686806.01

Total current liabilities 806274632.99 932283086.51

Non-current liabilities:

Reserve for insurance contract

Long-term borrowings

Bonds payable

Including: preferred shares

Perpetual bond

Lease liabilities 34335209.12 41642561.58

Long-term accounts payable

Long term payroll payable to

employees

Estimated liabilities

Deferred income 1295926.80 1295926.80

Deferred income tax liability 5323108.41 5498844.95

Other non-current liabilities

Total non-current liabilities 40954244.33 48437333.33

Total liabilities 847228877.32 980720419.84

Owner’s equity:

Capital stock 417627960.00 417627960.00

Other equity instruments

Including: preferred shares

Perpetual bond

Capital reserve 1002934806.10 1007086643.48

Less: shares in stock 31260789.45 50759806.16

Other comprehensive income 3250523.12 5739589.89

Special reserve 2337306.88 2012064.91

Surplus reserve 275010401.50 275010401.50

Reserve against general risks

6FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

Retained earnings 1582896127.76 1479706638.53

Total owners’ equity attributable to

3252796335.913136423492.15

the parent company

Minority shareholders’ equity

Total owner’s equity 3252796335.91 3136423492.15

Total liabilities and owners’ equity 4100025213.23 4117143911.99

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

Department: Tian Hui

2. Consolidated Profit Statement

In CNY

Amount incurred in the reporting Amount incurred in the previous

Items

period period

I. Turnover 1200095568.76 1173700720.94

Including: operating income 1200095568.76 1173700720.94

Interest income

Earned insurance premium

Service charge and

commission income

II. Total operating costs 1070094479.27 1065454948.14

Including: Operating costs 767722882.96 725288861.90

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 7087405.97 6623183.80

Sales costs 228113224.28 257444571.92

Administrative expenses 48007102.03 55399290.60

R & D expenditures 13175703.59 12984545.64

Financial expenses 5988160.44 7714494.28

Where: Interest cost 2990967.60 5184394.84

Interest income 873024.53 750842.75

Plus: Other income 2825263.25 4320020.38

Investment income (loss is

stated with “-”)

Including: return on

investment in associate and joint

venture

Gain from the

derecognition of the financial assets

measured at amortised cost

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

value (loss is stated with “-”)

Loss from impairment of credit

-240194.8629964.40

(loss is stated with “-”)

Loss from impairment of

assets (loss is stated with “-”)

Income from disposal of -73523.67 -729742.09

7FIYTA Precision Technology Co. Ltd. 2023 First Quarter Reportassets (loss is stated with “-“)III. Operating Profit (loss is stated

132512634.21111866015.49

with “-”)

Plus: Non-operating income 480647.98 73317.70

Less: Non-operating expenses 221408.98 769784.25

IV. Total profit (total loss is stated with

132771873.21111169548.94

“-”)

Less: Income tax expense 29582383.98 24815475.18V. Net Profit (net loss is stated with “-

103189489.2386354073.76

”)

(I) Classification based on

operation sustainability

1. Net Profit from sustainable

103189489.2386354073.76

operation (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

103189489.2386354073.76

parent company’s owner

2. Minority shareholders’

gain/loss

VI. Net of other comprehensive

-2489066.77-48552.58

income after tax

Net of other comprehensive

income after tax attributable to the -2489066.77 -48552.58

parent company’s owner

(I) Other comprehensive income

which cannot be re-classified into

gain and loss

1. Remeasurement of the

change amount in the defined benefit

plan

2. Other comprehensive

income which cannot 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 -2489066.77 -48552.58

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 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

-2489066.77-48552.58

foreign currency statements

7. Others

Net amount of other

comprehensive income after tax

attributable to minority shareholders

8FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

VII. Total comprehensive income 100700422.46 86305521.18

Total comprehensive income

attributable to the parent company’s 100700422.46 86305521.18

owner

Total comprehensive income

attributable to minority shareholders

VIII. Earnings per share:

(I) Basic earnings per share 0.2505 0.2083

(II) Diluted earnings per share 0.2505 0.2083

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

Amount incurred in the reporting Amount incurred in the previous

Items

period period

I. Cash flows arising from operating

activities:

Cash received from sales of goods

1268572542.491341476147.74

and 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 612797.28 448081.85

Other operation activity related

14811953.0413508738.54

cash receipts

Subtotal of cash flow in from

1283997292.811355432968.13

operating activity

Cash paid for purchase of goods

848501717.56950732002.36

and 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 197287320.08 234412020.13

Taxes paid 69642205.23 69645546.92

Other business activity related 88396085.94 84622976.70

9FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

cash payments

Subtotal of cash flow out from

1203827328.811339412546.11

operating activity

Net cash flows arising from operating

80169964.0016020422.02

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 858.16 3705.21

recovery of other long term assets

Net cash received from disposal of

subsidiaries and other operating units

Other investment activity related

cash receipts

Subtotal of cash flow in from

858.163705.21

investment activity

Cash paid for

construction/purchase of fixed 13729006.77 29038120.17

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 activity related

cash payments

Subtotal of cash flow out from

13729006.7729038120.17

investment activity

Net cash flow arising from investment

-13728148.61-29034414.96

activities:

III. Cash flow arising from fund-

raising activities:

Cash received from absorbing

investment

Incl.: Cash received from the

subsidiaries’ absorption of minority

shareholders’ investment

Cash received from loans 150000000.00 593052257.18

Other fund raising activity related

cash receipts

Subtotal of cash flow in from fund

150000000.00593052257.18

raising activity

Cash paid for debt repayment 150000000.00 500000000.00

Cash paid for dividend/profit

4779458.024471210.32

distribution or repayment of interest

Including: Dividend and profit

paid by the subsidiaries to minority

shareholders

Other investment activity related

26933476.3367053433.45

cash payments

Sub-total cash flow paid for financing

181712934.35571524643.77

activities

Net cash flow arising from fund-

-31712934.3521527613.41

raising activities

IV. Change of exchange rate

influencing the cash and cash -380351.54 -463710.47

equivalent

V. Net increase of cash and cash

34348529.508049910.00

equivalents

Plus: Opening balance of cash and

313747463.64210254737.14

cash equivalents

10FIYTA Precision Technology Co. Ltd. 2023 First Quarter Report

VI. Ending balance of cash and cash

348095993.14218304647.14

equivalents

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

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