Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.Stock codes: 000026 200026 Stock abbreviations: FIYTA FIYTA B Announcement No.: 2024-026

FIYTA Precision Technology Co. Ltd.Summary of 2024 Semi-annual Report

1Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.

I. Important notes

The summary of this semi-annual report is derived from the full text of the semi-annual report. In order to fully

understand the Company's operating results financial situation and future development plans investors should

carefully read the full text of the semi-annual report in the media designated by the CSRC.All directors have attended the board meeting to review this report.Reminder on non-standard audit opinions

Not applicable

Profit distribution plan or plan on conversion of provident funds into capital stock during the reporting period reviewed

by the board of directors

Not applicable

The Company plans to pay no cash dividend no bonus shares and no conversion of capital stock with provident funds.Preferred stock profit distribution plan for the reporting period approved by the board of directors

Not applicable

II. Company profile

1. Company profile

Stock name FIYTA FIYTA B Stock code 000026 200026

Stock listing exchange Shenzhen Stock Exchange

Stock name before change (if any) None

Contact person and contact

Secretary of the Board of Directors Securities affairs representative

information

Name Song Yaoming Xiong Yaojia

Floor 20 Fiyta Technology Building 18th Floor Fiyta Technology

Office address Gaoxin South 1st Road Nanshan Building Gaoxin South 1st Road

District Shenzhen Nanshan District Shenzhen

Telephone 0755－86013669 0755－86013669

E-mail investor@fiyta.com.cn investor@fiyta.com.cn

2. Main accounting data and financial indicators

Does the Company need to retrospectively adjust or restate the accounting data in previous years

□Yes □No

Change in the

current reporting

The current reporting Same period last

period compared to

period year

the same period last

year

Operating revenue (RMB) 2076397911.32 2364505262.56 -12.18%

Net profit attributable to shareholders of the

147138482.34187395067.23-21.48%

listed company (RMB)

Net profit attributable to shareholders of the

140445221.81177352543.66-20.81%

listed company excluding non-recurring gains

2Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.

and losses (RMB)

Net cash flow from operating activities (RMB) 136530796.52 344659843.62 -60.39%

Basic earnings per share (RMB/share) 0.3568 0.4517 -21.01%

Diluted earnings per share (RMB/share) 0.3564 0.4517 -21.10%

Weighted average return on equity 4.36% 5.80% -1.44%

Change at the end of

the current reporting

End of the current End of the previous

period compared to

reporting period year

the end of the

previous year

Total assets (RMB) 4147991663.46 4204260897.08 -1.34%

Net assets attributable to shareholders of the

3315327996.533333805752.19-0.55%

listed company (RMB)

3. Number of shareholders and their shareholding situation in the company

Unit: Shares

Total number of preferred

Total number of common

shareholders with restored

shareholders at the end of the 27671 0

voting rights at the end of the

reporting period

reporting period (if any)

Top ten shareholders' shareholding details (excluding shares lent through refinancing)

Number of Pledge marking or freezing

Sharehold Nature of Percentage Number of shares

restricted

er name shareholder of shares held

shares held Status of shares Quantity

AVIC

Internation State-owned

40.16% 162977327 0 Not applicable 0

al Holding legal person

Co. Ltd.Domestic natural

#Wu Jilin 4.87% 19757542 0 Not applicable 0

person

Xu Domestic natural

1.46% 5924268 0 Not applicable 0

Guoliang person

Domestic natural

Qiu Hong 0.62% 2510000 0 Not applicable 0

person

Domestic natural

#Zhu Rui 0.53% 2145200 0 Not applicable 0

person

#Qu Domestic natural

0.33% 1341900 0 Not applicable 0

Yongjie person

#Wang Domestic natural

0.32% 1302500 0 Not applicable 0

Xing person

#Ge Domestic natural

0.29% 1172300 0 Not applicable 0

Zhongwei person

Domestic natural

Chen Hao 0.28% 1149543 0 Not applicable 0

person

Domestic natural

#Zhu Xian 0.25% 1032540 0 Not applicable 0

person

Explanation of the

aforementioned shareholders' The Company is unaware of whether the aforementioned 10 shareholders are

association or concerted related or constitute concerted actors.action

Explanation of the 1. In addition to holding 10202377 shares through the ordinary securities account

3Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.

shareholders' participation in Wu Jilin the shareholder of the company also holds 9555165 shares through the

securities margin trading (if client credit trading guarantee securities account of CICC Wealth Management

any) holding 19757542 shares in total;

2. In addition to holding 307100 shares through the ordinary securities account Zhu

Rui the shareholder of the company also holds 1838100 shares in the client credit

trading guarantee securities account of First Capital Securities Co. Ltd. holding a

total of 2145200 shares;

3. In addition to holding 59000 shares through the ordinary securities account Qu

Yongjie the shareholder of the company also held 1282900 shares through the

customer credit trading guarantee securities account of Shanxi Securities Co. Ltd.holding a total of 1341900 shares;

4. In addition to holding 882500 shares through the ordinary securities account

Wang Xing the shareholder of the company also holds 420000 shares through the

customer credit trading guarantee securities account of China Merchants Securities

co. Ltd. (CMS) holding a total of 1302500 share;

5. In addition to holding 672300 shares through the ordinary securities account Ge

Zhongwei the shareholder of the company also held 500000 shares through the

customer credit trading guarantee securities account of Zheshang Securities Co.Ltd. holding a total of 1172300 shares;

6. In addition to holding 25000 shares through the ordinary securities account Zhu

Xian the shareholder of the company also held 1007540 shares through the

customer credit trading guarantee securities account of HuaChuang Securities Co.Ltd. holding a total of 1032540 shares.Participation of shareholders holding more than 5% the top 10 shareholders and the top 10 shareholders of unlimited

outstanding shares in securities margin trading

Not applicable

Changes in the top 10 shareholders and the top 10 shareholders of unlimited outstanding shares due to securities

margin trading compared to the previous period

Not applicable

4. Changes in controlling shareholders or actual controllers

Changes in controlling shareholders during the reporting period

Not applicable

Change of actual controller during the reporting period

Not applicable

5. Total number of preferred shareholders and the top 10 preferred shareholders' holdings

Not applicable

6. Existing bonds situation on the approval date of the semi-annual report

Not applicable

III. Important matters

In 1H24 the Company adhered to the principle of high-quality development continued to implement the business

strategies of "seeking progress while maintaining stability" and "defensive counterattack" carried out various

operations and management work in an orderly manner and promoted the sustainable development of various

businesses. During the reporting period under the environment of insufficient demand in the watch consumer market

4Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.

and weak consumption expectations the company achieved operating income of nearly RMB 2076400000

decreased by 12.18% YoY; The total profit was about RMB193680000 decreased by 20.79% YoY; At the same time

the Company focuses closely on refined operational management and risk control. The year-end asset-liability ratio

stands at 20.07% with net cash flow generated from operating activities amounting to nearly RMB137000000. The

operational activities remain robust and overall business risks are well-managed and controlled. Facing a challenging

market environment the Company remains steadfast in its development confidence and prioritizes shareholder returns.It has successfully implemented the 2023 annual cash dividend plan distributing RMB4.00 per 10 shares (tax inclusive)

to all shareholders. Additionally the Company has executed a plan to repurchase and cancel 9.3558 million shares of

domestically listed foreign capital shares (B-shares).During the reporting period the Company's main business initiatives are as follows:

(1) Continue to promote the upgrading of brand positioning and create brand differentiation

During the reporting period the "FIYTA" brand positioned as a high-quality Chinese watch brand with aerospace-

themed watches focused on its core product lineup. It concentrated resources on launching several aerospace-

themed watches including the Yun-20 Cross-Strait Time Zhi-20 Triumph Edition National Tide Golden Dragon

Limited Edition "Space Station" EVA Edition and "Space Walk" Return Cabin Edition. Integrating marketing and sales

through new media platforms the Company conducted various activities to enhance brand visibility. These included

appearances at Milan Fashion Week live streaming events like "Walking with Brilliance" participation in the 2024

China Brand Day and the appointment of Xia Zhiguang as brand ambassador. Special marketing campaigns such as

"Sparkling Gold" and brand origin live streams were also launched. These efforts across multiple channels

successfully created popular products like the "Little Golden Watch" and boosted the brand's presence significantly.

(2) Continue to promote the optimization of channel structure and give full play to the advantages of

operation and management

During the reporting period the "FIYTA" brand underwent a complete upgrade of its store image focusing on

aerospace-themed stores and comprehensive flagship stores like the Bo Guan series. The Company continued to

optimize its channel structure by establishing presence in mainstream shopping centers in first and second tier cities.Additionally it opened 17 new aerospace-themed stores aiming to enhance brand visibility and consumer

engagement through innovative retail experiences. Utilizing local lifestyle and Douyin live streaming we have

significantly enhanced our store's new media operational capabilities. We continue to strengthen online product

development and build a self-operated live streaming matrix. During the "618" shopping festival our e-commerce GMV

achieved growth against the trend ranking first nationwide in watch sales with our hit product "Little Golden Watch"

making it to the top of major platforms' bestseller lists. Actively expand duty-free channels and explore cooperation

opportunities in airports ports cruise ships and other duty-free channels.The retail of "Harmony" watches continues to focus on the four elements of "city brand business format and

partner" to foster the high-quality development of mid-to-high-end brands and premium distribution channels. Deepen

and refine excellent operation in an all-round way and systematically improve operational efficiency from online offline

stores brands members services and other dimensions.

(3) Continue to increase investment in scientific and technological innovation and strengthen the hard

core strength of precision technology

During the reporting period the Company increased its investment in areas such as movement technology

technology material applications and precision timing equipment. Building on the partial localization of movements in

some products the company continued to advance the localization of movements and the development of key

components like balance springs.

(4) Continue to promote digital transformation and deepen platform application

5Summary of 2024 Semi-annual Report of FIYTA Precision Technology Co. Ltd.

During the reporting period the Company continued to carry out digital operations improving and iterating the

digital retail system; Focusing on customer needs and profiles optimized the member life cycle model to enhance core

metrics such as conversion of potential customers and retention of existing customers ensuring continuous

improvement. Continuing with private domain operations leveraged mini-programs to cultivate private domain traffic

and develop activities like private domain group purchases. Continue to promote the integration of online and offline

attract customers to the offline stores through online customer acquisition and launch businesses such as TikTok

Local Life and JD to Home.

(5) Continue to promote the exploration of new business and cultivate new growth points

During the reporting period the Company strengthened its precision technology business enhancing its technical

capabilities to meet the demands of complex and high-precision products. It also expanded into new customer

segments. The smart wearable business continued to advance with upgrades in product and technological capabilities.There was a strong emphasis on enhancing both software and hardware technologies along with new product

development. Under the "Jeep" brand new products such as the curved screen square smartwatch integrating AI

technology were launched. Meanwhile the "ADASHER" brand saw steady sales growth on platforms like TikTok and

Kuaishou. Both new business segments achieved increased revenue during the reporting period.FIYTA Precision Technology Co. Ltd.Board of Directors

August 21 2024

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