飞亚达B:2023年年度报告摘要（英文版）

2023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.Stock Code: 000026;200026 Abbreviation of the Stock: FIYTA;FIYTA B Announcement No.: 2024-008

FIYTA Precision Technology Co. Ltd.2023 Annual Report Summary

I. Important Notice

This summary of the Annual Report is quoted out of the full text of the Annual Report. Investors desirous to understand entirely the

Company's operation results financial position and future development planning are advised to carefully read the full text of the

Annual Report which is published in the medium designated by CSRC.All the directors attended the board meeting for reviewing the Annual Report.Indication of qualified audit opinion

Inapplicable

The profit distribution preplan or the preplan for conversion of reserve into capital for the reporting period reviewed by the Board of

Directors

Is there any public reserve converted into capital stock

Reviewed and approved by the Board of Directors the Company's profit distribution preplan is summarized as follows: based on the

total share capital as at the date of record (with the shares in the special securities account for repurchase deducted) when the profit

distribution plan is implemented in the future the Company is going to distribute dividend to all the shareholders at the rate of

CNY4.00 for every 10 shares (with the tax inclusive) 0 bonus shares (with the tax inclusive)and no public reserve shall be converted

into share capital.Profit Distribution Preplan for Preferred Shares during the Reporting Period Approved by the Resolution of the Board of Directors

Inapplicable

This report is prepared in both Chinese and English versions. If there is any ambiguity in understanding the report the Chinese

version shall prevail.

12023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.II. Company Profile

1. Company Information

Short form of the stock: FIYTA and FIYTA B Stock Code 000026 and 200026

Stock Exchange Listed with Shenzhen Stock Exchange

Stock abbreviation before

None

change (if any)

Liaison Persons and

Secretary of the Board Securities Affairs Representative

Communication Information

Names Song Yaoming Xiong Yaojia

20th Floor FIYTA Technology Building 18th Floor FIYTA Technology Building

Office Address Gaoxin S. Road One Nanshan District Gaoxin S. Road One Nanshan District

Shenzhen Shenzhen

Fax 0755-83348369 0755-83348369

Tel. 0755-86013669 0755-86013669

Email investor@fiyta.com.cn investor@fiyta.com.cn

2. Summary of the Principal Business or Leading Products during the Reporting Period

（1）Main businesses engaged by the Company during the reporting period

The Company's establishment and development originated from aviation precision technology and material technology.Adhering to the values of "brand leadership customer orientation value creation cooperation and responsibility and learning and

innovation" with the mission of "inheriting the spirit of serving the country by aviation and creating a quality life" it focuses on the

watch industry and forms a core business layout where its self-owned watch brand and the retail channel of famous watches promote

each other. In addition the Company actively explores and cultivates new businesses such as precision technology and smart

wearables and is in a stage of continuous development.The Company is deeply committed to professional watchmaking capacity building and brand operation and has multiple self-

owned brands such as "FIYTA" and "EMILE CHOORIET" covering different dimensions such as mid to high end mass professional

and fashion cool. Among them the core self-owned brand positioning of "FIYTA" is "a high-quality Chinese watch brand with

aviation and aerospace watches as its characteristic" adhering to the concept of "nation" as the core and "trendy" as the form

continuously creating differentiated characteristics and upgrading to "youthfulness high-end and mainstream"; At the same time it

continuously increases investment in technological innovation fields such as movement and aviation technology applications relying

on the advantages of aviation technology and aerospace quality and continuously provide professional timing watches for China's

aerospace industry gradually establishing a leading position in the domestic industry and expanding our brand influence.In order to seize the opportunities in the domestic watch market and promote the long-term development of its self-own brand

the Company has established the "Harmony" watch retail channel. "Harmony" is committed to becoming the best comprehensive

service provider for luxury watches and has long-term and in-depth cooperation with numerous watch groups and brands. It has

honed industry-leading operational management and customer service capabilities and has become a leading professional

commercial brand in high-end chain for luxury watches in China.In recent years the Company has adhered to the development principle of "technology sharing the same origin industry sharing

the same roots and value sharing the same direction". With the strength of precision technology and industrial accumulation the

Company has extended and expanded its precision technology business and smart wearable business and has now begun to take

shape.

22023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.

（2）Industry conditions of the Company during the reporting period

In 2023 the National Bureau of Statistics announced a YoY GDP growth of 5.2%. Driven by policies such as expanding

domestic demand and promoting consumption coupled with the growth of household income the driving force of consumption on

economic growth continues to increase gradually becoming the main driving force of economic growth.The domestic watch consumption market is still under overall pressure due to the diversion of Hong Kong and some overseas

regions as well as the rationalization of consumer preferences. Among them the middle and high-end watch consumer market is

facing periodic fluctuations. According to the data released by the Swiss Watch Association the cumulative amount of Swiss exports

to Chinese Mainland increased by about 8% YoY and Chinese Mainland is still the second largest consumer market of Swiss watches;

The consumer market for mid to low-end watches is still sluggish with fierce competition in segmented fields. In an uncertain

economic environment the differentiation of watch brands is further highlighted. Brands with high reputation differentiated

characteristics and quality services have stronger consumer resilience.The Company's main watch business covers medium high and fashion brands with multiple types of channels complementing

each other. It continues to attach importance to investment in brand differentiation channel operation customer service and other

aspects. Faced with market fluctuations the main business maintains a healthy development trend as a whole.

3. Summary of Accounting/Financial Data

(1) Summary of Accounting/Financial Data in the Past Three Years

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

In CNY

Changes compared to

2023 2022 the previous year in 2021

this year

Operating revenue

4569690002.994354096880.364.95%5243733540.93

(RMB)

Net profit attributable

to shareholders of the 333178102.37 266681451.84 24.93% 387840282.95

listed company (RMB)

Net profit attributable

to shareholders of the

listed company after

316806208.13249791455.7326.83%369418754.83

deducting non

recurring gains and

losses (RMB)

Net cash flows from

operating activities 632401487.98 476228776.52 32.79% 547249108.45

(RMB)

Basic earnings per

0.80820.639826.32%0.9036

share (RMB/share)

Diluted earnings per

0.80750.639826.21%0.9036

share (RMB/share)

Weighted average ROE 10.28% 8.68% 1.60% 13.39%

Changes at the end of

At the end of 2023 At the end of 2022 At the end of 2021

this year compared to

32023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.the end of the previous

year

Total assets (RMB) 4204260897.08 4117143911.99 2.12% 4110579952.49

Net assets attributable

to shareholders of the 3333805752.19 3136423492.15 6.29% 3013232642.53

listed company (RMB)

(2) Major Accounting Data Based on Quarters

In CNY

Q1 Q2 Q3 Q4

Operating revenue 1200095568.76 1164409693.80 1162738360.51 1042446379.92

Net profit attributable

to shareholders of the 103189489.23 84205578.00 78162925.58 67620109.56

listed company

Net profit attributable

to shareholders of the

listed company after

95484229.7981868313.8775522620.7263931043.75

deducting non

recurring gains and

losses

Net cash flows from

80169964.00264489879.62134414639.49153327004.87

operating activities

Are the above financial indicators or their totals significantly different from the financial indicators disclosed by the Company in the

quarterly and semi-annual reports

4. Capital Stock and Shareholders

(1) Number of the common shareholders and preferred shareholders whose voting rights are restored and shareholding by the

top 10 shareholders

In shares

Total

number of

common

Total number of

sharehold

preferred Total number of preferred

Total number ers at the

shareholders shareholders with restored

of common end of the

with voting rights at the end of

shareholders previous

28145 28183 restored voting 0 the previous month prior 0

at the end of month

rights at the end to the disclosure date of

the reporting prior to

of the reporting the annual report (if any)

period the

period (if any) (see Note 8)

disclosure

(see Note 8)

date of the

annual

report

Shareholdings of shareholders holding more than 5% or the top 10 shareholders (excluding shares lent through refinancing)

Number of Changes during Number Number of Situations of

Name of Nature of Holding

shares held at the reporting of shares held pledge marking

42023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.Shareholders shareholders ratio the end of the period shares with unlimited or freezing

reporting held sales

period with conditions

limited Quanti

sales Share ty

conditio status

AVIC

Not

International State-owned

39.25% 162977327 0 0 162977327 applicab 0

Holding legal person

Limited

Domestic Not

#Wu Jilin natural 4.35% 18043627 98013 0 18043627 applicab 0

persons le

Domestic Not

#Xu Guoliang natural 1.74% 7242768 1978000 0 7242768 applicab 0

persons le

Domestic Not

Qiu Hong natural 0.59% 2470000 100000 0 2470000 applicab 0

persons le

Domestic Not

#Zhu Rui natural 0.34% 1407100 -295500 0 1407100 applicab 0

persons le

CITIC

Not

Securities State-owned

0.33% 1368078 1248109 0 1368078 applicab 0

Company legal person

Limited

Domestic Not

#Qu Yongjie natural 0.31% 1286800 20000 0 1286800 applicab 0

persons le

Industrial and

Commercial

Bank of China

Not

Ltd. - GF CSI

Other 0.29% 1212700 1212700 0 1212700 applicab 0

Guoxin

Central-SOEs

Shareholder

Return ETF

Domestic Not

Chen Hao natural 0.27% 1101643 12700 0 1101643 applicab 0

persons le

China

Construction

Bank

Corporation -

Not

China

Other 0.26% 1071900 1071900 0 1071900 applicab 0

Universal CSI

Guoxin

Central-SOEs

Shareholder

Return ETF

Explanation on associated relationship or consistent The Company is unaware of whether the 10 shareholders mentioned above

action of the above shareholders have any related relationships or are concerted actors.

1. In addition to holding 10597777 shares through the ordinary securities

Explanation of the participation of the top 10

account shareholder Wu Jilin also holds 7445850 shares through the

common shareholders in the margin trading and

customer credit trading guarantee securities account of China CICC Wealth

securities lending business (if any)

Management Securities Company Limited totaling 18043627 shares;

52023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.

2. In addition to holding 6640868 shares through the ordinary securities

account shareholder Xu Guoliang also holds 601900 shares through the

customer credit trading guarantee securities account of Guosen Securities Co.Ltd. totaling 7242768 shares;

3. In addition to holding 62000 shares through the ordinary securities account

shareholder Zhu Rui also holds 1345100 shares through the customer credit

trading guarantee securities account of First Capital Securities Co. Ltd.totaling 1407100 shares;

4. In addition to holding 42800 shares through the ordinary securities account

shareholder Qu Yongjie also holds 1244000 shares through the customer

credit trading guarantee securities account of Shanxi Securities Company

Limited totaling 1286800 shares.Top 10 shareholders participating in the lending of shares through refinancing business

Not applicable

Changes in the top 10 shareholders compared to the previous period

Unit: shares

Changes in the top 10 shareholders compared to the end of the previous period

New Number of shares held in the ordinary

addition Number of shares lent through account and credit account of

s/exits refinancing and not yet repaid at shareholders as well as the shares

Name of Shareholders (Full Name) during the end of the period lent through refinancing and not yet

this repaid at the end of the period

reportin Total Proportion to the Proportion to the

g period Total quantity quantity total share capital total share capital

New

CITIC Securities Company Limited 0 0.00% 1368078 0.33%

addition

Industrial and Commercial Bank of China

New

Ltd. - GF CSI Guoxin Central-SOEs 0 0.00% 1212700 0.29%

addition

Shareholder Return ETF

China Construction Bank Corporation -

New

China Universal CSI Guoxin Central- 0 0.00% 1071900 0.26%

addition

SOEs Shareholder Return ETF

Li Shuyuan Exit 0 0.00% 811500 0.20%

Zhang Mingrong Exit 0 0.00% 0 0.00%

Lv Shaowen Exit 0 0.00% 0 0.00%

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

Inapplicable

(3) Block Diagram of the Ownership and Control Relations between the Company and the Actual Controller

Block diagram of property rights and control relationship between the Company and the actual controller

62023 Annual Report Summary

of FIYTA Precision Technology Co. Ltd.

5. Status of Bonds Existing on the Date of Approval of the Annual Report

Inapplicable

III. Significant Events

1. Repurchase some domestically listed foreign shares (B Shares)

At the 11th Meeting of the 10th Board of Directors and the 2022 Annual General Meeting the Company approved the Program

on the Repurchase of Some Domestically Listed Foreign Shares (B Shares) and subsequently disclosed the repurchase report and a

series of progress announcements in accordance with relevant regulations. As of December 31 2023 the Company has cumulatively

repurchased 9355763 shares of B shares through a special repurchase securities account through centralized bidding with a total

amount paid of HKD 70401771.17 (excluding transaction fees). For details please refer to the relevant progress announcements

disclosed by the Company on CNINF.

2. Change of business scope and revision of the Articles of Association

After deliberation and approval by the 13th Meeting of the 10th Board of Directors and the 1st Extraordinary General Meeting in

2023 the Company has decided to expand its business scope adjust the standardized expression of the existing business scope and

revise the corresponding provisions of the Articles of Association based on the changed business scope. For details please refer to the

Announcement on the Resolutions of the 13th Meeting of the 10th Board of Directors 2023-025 Announcement on Changing the

Business Scope and Amending the Articles of Association 2023-027 and Announcement on Resolutions of the 1st Extraordinary

General Meeting 2023-031 which were disclosed by the Company on May 16 2023 and June 1 2023 on CNINF.

3. Capital increase to wholly-owned subsidiaries

At the 14th Meeting of the 10th Board of Directors the Company approved the Proposal on Capital Increase to Wholly-owned

Subsidiary Shenzhen FIYTA Precision Technology Co. Ltd. and decided to increase the capital of its wholly-owned subsidiary

Shenzhen FIYTA Precision Technology Co. Ltd. by RMB 80 million. For details please refer to the Announcement on Capital

Increase to Wholly-owned Subsidiary Shenzhen FIYTA Precision Technology Co. Ltd. 2023-047 and Announcement on Completion

of Industrial and Commercial Change Registration for Capital Increase of Wholly-owned Subsidiary 2023-059 disclosed by the

Company on August 23 2023 and December 1 2023 on CNINF.FIYTA Precision Technology Co. Ltd.Board of Directors

March 14 2024

行情