Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2021-092
FIYTA Precision Technology Co., Ltd.
2021 Third Quarter Report
Important Notice:
1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives hereby individuallyand collectively accept responsibility for the correctness, accuracy and completeness of the contents of this report andconfirm 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) herebyconfirm the authenticity, accuracy and completeness of the financial report enclosed in this Quarter Report.
3. Has the Third Quarter Report been audited
NoI. Financial Highlights(I) Summary of Accounting/Financial DataDoes the Company need to make retroactive adjustment or restatement of the accounting data of the previous yearNo
The Company and all members of the Board of Directors ensure that the information disclosed is authentic, accurateand complete, and there are no false records, misleading statements or significant omissions.
| Reporting period | Increase/decrease in the reporting period vs the same period of the previous year | From year beginning to the end of the reporting period | Increase/decrease from year beginning to the end of the reporting period vs the same period of the previous year | |
| Revenue, in CNY | 1,307,278,222.69 | -4.06% | 4,084,797,744.03 | 38.73% |
| Net profit attributable to the Company’s shareholders, in CNY | 109,034,679.41 | -20.44% | 342,579,405.96 | 59.50% |
| Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 104,537,027.94 | -19.42% | 328,333,261.36 | 65.50% |
| Net cash flows arising from operating activities, in CNY | —— | —— | 368,210,753.30 | 70.35% |
| Basic earning per share, in CNY/share | 0.2574 | -18.67% | 0.7995 | 61.84% |
| Diluted earning per share, in CNY/share | 0.2574 | -18.67% | 0.7995 | 61.84% |
| Return on equity, weighted average | 3.75% | -1.24% | 11.84% | 3.93% |
| End of the reporting period | End of the previous year | Increase/decrease at the end of the year vs the end of the previous year | ||
| Total assets , in CNY | 4,145,244,323.84 | 4,018,712,700.18 | 3.15% |
| Owner’s equity attributable to the Company’s shareholders, in CNY | 2,968,058,560.23 | 2,799,948,388.09 | 6.00% |
(II) Non-recurring gain/loss items and the amount involved
In CNY
| Items | Amount in the reporting period | Amount from year beginning to the end of the reporting period | Note |
| Gain/loss from disposal of non-current assets, including the part written-off with the provision for impairment of assets. | -106,887.07 | -180,694.53 | |
| The government subsidies included in the profits and losses of the current period (excluding government grants which are closely related to the Company’s normal business and conform with the national standard amount or quantity) | 6,182,455.48 | 18,295,951.76 | |
| Reversal of provision for impairment of accounts receivable that has been separately tested for impairment | 976,332.27 | ||
| Other non-operating income and expenses other than the aforesaid items | -456,482.95 | -1,044,173.80 | |
| Less: Amount affected by the income tax | 1,121,433.99 | 3,801,271.10 | |
| Total | 4,497,651.47 | 14,246,144.60 | -- |
Details of other gains and losses in compliance with the definition of non-recurring gains and losses.InapplicableExplanation of the non-recurring gains and losses listed in the CSRC Announcement [2008] No.43 -- ExplanatoryAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public as recurring gainsand lossesInapplicable(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes
| (I) Consolidated Balance Sheet Items | ||||
| Items | End of the reporting period | End of the previous year | Variation proportion | Cause of the movement |
| Other current assets | 42,586,423.95 | 75,935,141.76 | -43.92% | Mainly due to the decrease in retained value-added tax over the beginning of the year. |
| Use right assets | 145,353,524.96 | - | - | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Other non-current assets | 48,475,040.61 | 13,536,307.13 | 258.11% | Mainly due to the increase in advance payment for the purchase of office properties. |
| Short term loans | 372,777,721.19 | 542,673,278.09 | -31.31% | Mainly due to the repayment of part of the due borrowings. |
| Other payables | 223,584,214.88 | 128,577,597.94 | 73.89% | It was mainly due to the increase in repurchase obligations brought about by the implementation of the second phase of the equity incentive plan and the increase in associated revenue which resulted in the increase in payable costs of shopping mall. |
| Non-current liabilities due within a year | 92,008,265.22 | 370,030.00 | 24765.08% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Lease liabilities | 55,169,067.99 | - | - | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Other comprehensive income | -6,867,832.78 | 976,871.41 | -803.04% | Mainly due to the influence from the change of the translation balance of foreign currency statements. |
| (II) Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting period | ||||
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Operating revenue | 4,084,797,744.03 | 2,944,433,436.00 | 38.73% | Mainly due to the increase in sales of the principal businesses. |
| Taxes and surcharges | 26,025,661.25 | 14,676,717.58 | 77.33% | Mainly due to the increase in value-added tax corresponding to the increase in sales. |
| Loss from impairment of credit | -1,039,778.07 | -5,172,056.86 | 79.90% | Mainly due to the decrease in provision of accounts receivable compared with the same period last year. |
| (III) Cash flow statement items from the beginning of the year to the end of the reporting period | ||||
| Items | Amount incurred in the reporting period | Amount incurred in the previous period | Variation proportion | Cause of the movement |
| Cash received from sales of goods and supply of services | 4,500,004,848.59 | 3,097,232,379.30 | 45.29% | Mainly due to the increase in sales of the principal businesses. |
| Rebated taxes received | 332,318.54 | 1,592,055.84 | -79.13% | Mainly due to the impact of COVID-19, the export tax rebated decreased due to the decline in overseas business income. |
| Cash paid for purchase of goods and reception of labor services | 2,996,540,264.43 | 2,086,461,819.63 | 43.62% | Mainly due to growth of goods procurement for the retail business of HARMONY World Watch |
| Various taxes paid | 248,687,302.73 | 121,220,554.66 | 105.15% | Mainly due to the increase in value-added tax and business income tax corresponding to the increase in sales. |
| Cash paid for purchase/construction of fixed assets, intangible assets and other long term assets | 154,549,937.25 | 90,396,549.63 | 70.97% | Mainly due to the increase in expenses for store refurbishment. |
| Cash received from absorbing investment | 58,216,000.00 | - | - | Mainly due to the implementation of the equity incentive scheme Phase II. |
| Cash paid for dividend/profit distribution or repayment of interest | 187,013,299.32 | 104,338,909.03 | 79.24% | Mainly due to increase of the cash dividends. |
| Other fund-raising activity related cash payments | 58,958,288.96 | 44,625,838.93 | 32.12% | Mainly due to the impact of the changes in the accounting requirements of the new lease standard. |
II. Information of the Shareholders(I) Total number of the common shareholders and preference shareholders whose voting rights are restored andshares held by the top 10 shareholders
In shares
| Total common shareholders at the end of the reporting period | 31,945 | Total preference shareholders with the voting power recovered at the end of the reporting period (if any) | 0 | |||
| Shareholding by top 10 shareholders | ||||||
| Names of the Shareholders | Nature of the shareholder | Shareholding proportion | Number of shares held | Number of the restricted shares held | Pledging, marking or freezing | |
| Status of the shares | Quantity | |||||
| AVIC International Holding Limited | State corporate | 38.23% | 162,977,327 | 0 | ||
| Bank of China Ltd.- Penghua Huizhi Optimized Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 3.09% | 13,190,494 | 0 | ||
| Guoxin Investment Co., Ltd. | State corporate | 1.82% | 7,739,898 | 0 | ||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | Domestic non-state-owned legal person | 1.16% | 4,947,442 | 0 | ||
| Bank of China Ltd. - Penghua High Quality Growth Hybrid Securities | Domestic non-state-owned legal person | 1.08% | 4,601,634 | 0 | ||
| Investment Fund | ||||||
| Huatai Securities Co., Ltd. | State corporate | 0.59% | 2,508,866 | 0 | ||
| GF Fund－Guoxin Investment Co., Ltd. －GF Fund－GUO XIN No. 6（QDII）Single Asset Management Plan" | Domestic non-state-owned legal person | 0.49% | 2,091,001 | 0 | ||
| Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.47% | 2,020,734 | 0 | ||
| Qiu Hong | Domestic natural person | 0.47% | 2,000,000 | 0 | ||
| Wanlian Securities Co., Ltd. | State corporate | 0.33% | 1,400,000 | 0 | ||
| Shares held by top 10 shareholders of unrestricted shares | ||||||
| Names of the Shareholders | Quantity of unrestricted shares held | Share type | ||||
| Share type | Quantity | |||||
| AVIC International Holding Limited | 162,977,327 | CNY ordinary shares | 162,977,327 | |||
| Bank of China Ltd. - Penghua Huizhi Optimized Hybrid Securities Investment Fund | 13,190,494 | CNY ordinary shares | 13,190,494 | |||
| Guoxin Investment Co., Ltd. | 7,739,898 | CNY ordinary shares | 7,739,898 | |||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | 4,947,442 | CNY ordinary shares | 4,947,442 | |||
| Bank of China Ltd. - Penghua High Quality Growth Hybrid Securities Investment Fund | 4,601,634 | CNY ordinary shares | 4,601,634 | |||
| Huatai Securities Co., Ltd. | 2,508,866 | CNY ordinary shares | 2,508,866 | |||
| GF Fund－Guoxin Investment Co., Ltd. －GF Fund－GUO XIN No. 6（QDII）Single Asset Management Plan" | 2,091,001 | CNY ordinary shares | 2,091,001 | |||
| Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund | 2,020,734 | CNY ordinary shares | 2,020,734 | |||
| Qiu Hong | 2,000,000 | CNY ordinary shares | 2,000,000 | |||
| Wanlian Securities Co., Ltd. | 1,400,000 | CNY ordinary shares | 1,400,000 | |||
| Explanation on associated relationship or consistent action of the above shareholders | Inapplicable | |||||
| Note to the top 10 shareholders involved in margin financing & securities lending (if any) | Inapplicable | |||||
(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicableIII. Note to other significant events
(1) Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)The 7th session of the Ninth Board of Directors held on July 6, 2020 and 2020 2nd Extraordinary General Meeting heldon July 23, 2020, reviewed and approved the “Proposal for the Repurchase of Partial Domestically Listed Foreign Shares
in the Company (B-shares)”. As of July 22, 2021 when the stock repurchase deadline expired, the Companyaccumulatively repurchased 8,994,086 shares in the Company through a centralized bidding method with the specialaccount for the securities repurchased, accounting for 2.07% of the Company’s total share capital. The highesttransaction price of the repurchased shares was HK$6.74 per share, and the lowest transaction price wasHK$5.93/share, the total amount paid was HK$ 58,207,259.08 (with the transaction cost exclusive). For the detail, pleaserefer to the “Announcement on the Completion of the Implementation of Certain Domestically Listed Foreign InvestmentShares (B-Shares) as Repurchased and the Change of the Company’s Shares 2021-069” disclosed in the SecuritiesTimes, Hong Kong Commercial Daily and http://www.cninfo.com.cn on July 23, 2021.
Ended August 3, 2021, the Company completed the cancellation of the shares repurchased.
(2) Change of the CPAs
The 32nd Session of the Ninth Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meetingheld on September 8, 2021 reviewed and approved the "Proposal on Change of the Accounting Firm". As theemployment term of Grant Thornton LLP as the Company's auditor expired, according to the Company's businessdevelopment requirements, in order to better promote the development of audit work, after comprehensive evaluationand prudent consideration, the Company decided to employ MOORE STEPHENS Da Hua Certified Public Accountantsas the Company's auditor of the financial statements and internal control of year 2021. For the detail, refer to the relevantannouncement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August20, 2021 and September 09, 2021.
(3) Financial Service Agreement with AVIC Finance Co., Ltd.
The 32nd session of the 9th Board of Directors held on August 18, 2021 and 2021 4th Extraordinary General Meetingheld on September 8, 2021, reviewed and approved the “Proposal on Signing a Financial Service Agreement with AVICFinance Co., Ltd.”, and decided to sign the “Financial Service Agreement” with AVIC Finance. For the detail, refer to therelevant announcement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.on August 20, 2021 and September 9, 2021.
(4) Election for the New Board of Directors and Supervisory Committee
The 32nd session of the Ninth Board of Directors of the Company held on August 18, 2021 and 2021 4th ExtraordinaryGeneral Meeting held on September 8, 2021, 2021 reviewed and approved the “Proposal on the Election of Non-Independent Directors for the Company's New Board of Directors” and the “Proposal on the Election of IndependentDirectors for the Company's New Board of Directors,” where Mr. Zhang Xuhua, Mr. Xiao Yi, Mr. Xiao Zhanglin, Mr. LiPeiyin, Mr. Deng Jianghu and Mr. Pan Bo were elected non-independent directors of the Company's Tenth Board ofDirectors; and Mr. Wang Jianxin, Mr. Zhong Hongming, and Mr. Tang Xiaofei were elected independent directors of theCompany's Tenth Board of Directors. The 1st session of the Tenth Board of Directors of the Company held onSeptember 8, 2021 elected Mr. Zhang Xuhua the Chairman of the Board. For the detail, refer to the relevantannouncement disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August20, 2021 and September 09, 2021 respectively.
The 28th session of the Ninth Supervisory Committee of the Company held on August 18, 2021 and 2021 4thExtraordinary General Meeting held on September 8, 2021 reviewed and approved the “Proposal on Election for the NewSupervisory Committee of the Company” according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staffsupervisors of the Tenth Supervisory Committee of the Company；the First Employees' Representatives Conference2021 held on September 7, 2021 elected Ms. Hu Jing the employees’ representative supervisor of the Tenth SupervisoryCommittee of the Company; the 1st session of the Tenth Supervisory Committee elected Supervisor Zheng Qiyuan theChairman of the Supervisory Committee of the Company. For the detail, refer to the relevant announcement disclosed inthe Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn. on August 20, 2021 and September 9,2021 respectively.IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by FIYTA Precision Technology Co., Ltd.
September 30, 2021
In CNY
| Items | September 30, 2021 | December 31, 2020 |
| Current assets: | ||
| Monetary capital | 231,727,548.84 | 353,057,285.71 |
| Settlement reserve | ||
| Inter-bank lending | ||
| Transactional financial assets | ||
| Derivative financial assets | ||
| Notes receivable | 54,744,041.87 | 48,192,442.15 |
| Accounts receivable | 465,808,725.35 | 475,598,684.88 |
| Financing with accounts receivable | ||
| Advance payment | 21,531,296.99 | 16,612,773.76 |
| Receivable premium | ||
| Reinsurance accounts receivable | ||
| Reserve for reinsurance contract receivable | ||
| Other receivables | 65,649,596.91 | 52,902,779.63 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 2,031,026,035.86 | 1,931,780,185.85 |
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within a year | ||
| Other current assets | 42,586,423.95 | 75,935,141.76 |
| Total current assets | 2,913,073,669.77 | 2,954,079,293.74 |
| Non-current assets: | ||
| Loan issuing and advance in cash | ||
| Equity investment | ||
| Other equity investment | ||
| Long term accounts receivable | ||
| Long-term equity investments | 53,029,994.16 | 51,400,665.92 |
| Investment in other equity instruments | 85,000.00 | 85,000.00 |
| Other non-current financial assets | ||
| Investment-oriented real estate | 386,536,288.24 | 398,086,447.78 |
| Fixed assets | 349,473,119.51 | 352,734,280.76 |
| Construction-in-progress | ||
| Productive biological asset | ||
| Oil and Gas Assets |
| Use right assets | 145,353,524.96 | |
| Intangible assets | 34,454,509.50 | 37,859,316.51 |
| Development expenses | ||
| Goodwill | ||
| Long term expenses to be apportioned | 142,931,599.58 | 130,017,587.99 |
| Deferred income tax asset | 71,831,577.51 | 80,913,800.35 |
| Other non-current assets | 48,475,040.61 | 13,536,307.13 |
| Total non-current assets | 1,232,170,654.07 | 1,064,633,406.44 |
| Total assets | 4,145,244,323.84 | 4,018,712,700.18 |
| Current liabilities: | ||
| Short term loans | 372,777,721.19 | 542,673,278.09 |
| Borrowings from the central bank | ||
| Loans from other banks | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 1,181,360.00 | 3,581,360.00 |
| Accounts payable | 216,706,197.57 | 301,211,515.39 |
| Advance receipt | 9,043,788.94 | 9,991,850.67 |
| Contract liabilities | 18,039,474.59 | 18,213,396.49 |
| 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 | 102,779,107.82 | 132,853,462.20 |
| Taxes payable | 73,360,854.86 | 68,925,271.90 |
| Other payables | 223,584,214.88 | 128,577,597.94 |
| Including: interest payable | ||
| Dividends payable | 5,015,026.30 | 1,639,513.77 |
| Service charge and commission payable | ||
| Payable reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within a year | 92,008,265.22 | 370,030.00 |
| Other current liabilities | 2,284,905.33 | 2,299,755.09 |
| Total current liabilities | 1,111,765,890.40 | 1,208,697,517.77 |
| Non-current liabilities: | ||
| Reserve for insurance contract | ||
| Long-term borrowings | 3,581,145.00 | 4,070,330.00 |
| Bonds payable | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Lease liabilities | 55,169,067.99 | |
| Long-term accounts payable | ||
| Long term payroll payable to the employees | ||
| Estimated liabilities | 48,368.34 | |
| Deferred income | 2,377,718.35 | 2,916,346.43 |
| Deferred income tax liability | 4,243,573.53 | 3,067,834.55 |
| Other non-current liabilities | ||
| Total non-current liabilities | 65,419,873.21 | 10,054,510.98 |
| Total liabilities | 1,177,185,763.61 | 1,218,752,028.75 |
| Owner’s equity: | ||
| Capital stock | 426,263,066.00 | 428,091,881.00 |
| Other equity instruments | ||
| Including: preferred shares | ||
| Perpetual bond | ||
| Capital reserve | 1,038,716,410.42 | 1,021,490,387.78 |
| Less: shares in stock | 65,833,649.70 | 61,633,530.48 |
| Other comprehensive income | -6,867,832.78 | 976,871.41 |
| Special reserve | 717,743.80 | |
| Surplus reserve | 246,531,866.87 | 246,531,866.87 |
| Reserve against general risks | ||
| Retained earnings | 1,328,530,955.62 | 1,164,490,911.51 |
| Total owners’ equity attributable to the parent company | 2,968,058,560.23 | 2,799,948,388.09 |
| Minority shareholders’ equity | 12,283.34 | |
| Total owner’s equity | 2,968,058,560.23 | 2,799,960,671.43 |
| Total liabilities and owners’ equity | 4,145,244,323.84 | 4,018,712,700.18 |
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the AccountingDepartment: Tian Hui
2. Consolidation of the Profit Statement from the Beginning of the Year to the End of the Reporting Period
In CNY
| Items | Amount incurred in the reporting period | Amount incurred in the previous period |
| I. Turnover | 4,084,797,744.03 | 2,944,433,436.00 |
| Including: operating income | 4,084,797,744.03 | 2,944,433,436.00 |
| Interest income | ||
| Earned insurance premium | ||
| Service charge and commission income | ||
| II. Total operating costs | 3,655,882,863.34 | 2,699,924,997.52 |
| Including: Operating costs | 2,549,686,797.59 | 1,820,668,961.39 |
| 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 | 26,025,661.25 | 14,676,717.58 |
| Sales costs | 823,138,774.82 | 641,091,464.49 |
| Administrative expenses | 189,433,471.27 | 162,278,170.13 |
| R & D expenditures | 40,145,686.42 | 34,765,728.41 |
| Financial expenses | 27,452,471.99 | 26,443,955.52 |
| Where: Interest cost | 18,551,509.47 | 19,457,991.26 |
| Interest income | 2,906,297.16 | 3,470,874.47 |
| Plus: Other income | 16,161,926.11 | 20,135,145.46 |
| Investment income (loss is stated with “-”) | 1,629,328.24 | 2,160,911.92 |
| Including: return on investment in associate and joint venture | 1,629,328.24 | 2,160,911.92 |
| Gain from the derecognition of the financial assets measured at amortised cost | ||
| Exchange income (loss stated with “-“) | ||
| Net exposure hedge income (loss stated with “-“) | ||
| Income from change of fair value (loss is stated with “-”) | ||
| Loss from impairment of credit (loss is stated with “-”) | -1,039,778.07 | -5,172,056.86 |
| Loss from impairment of assets (loss is stated with “-”) | -1,200,014.39 |
| Income from disposal of assets (loss is stated with “-“) | -180,694.53 | -376,069.86 |
| III. Operating Profit (loss is stated with “-“) | 444,285,648.05 | 261,256,369.14 |
| Plus: Non-operating income | 252,422.44 | 1,695,948.59 |
| Less: Non-operating expenses | 1,296,596.24 | 407,657.11 |
| IV. Total profit (total loss is stated with “-”) | 443,241,474.25 | 262,544,660.62 |
| Less: Income tax expense | 100,642,011.01 | 47,750,281.08 |
| V. Net Profit (net loss is stated with “-“) | 342,599,463.24 | 214,794,379.54 |
| (I) Classification based on operation sustainability | ||
| 1. Net profit from sustainable operation (net loss is stated with “-”) | 342,599,463.24 | 214,794,379.54 |
| 2. Net profit from termination of operation (net loss is stated with “-”) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to the parent company’s owner | 342,579,405.96 | 214,787,284.13 |
| 2. Minority shareholders’ gain/loss | 20,057.28 | 7,095.41 |
| VI. Net of other comprehensive income after tax | -7,877,044.81 | 1,989,173.17 |
| Net of other comprehensive income after tax attributable to the parent company’s owner | -7,844,704.19 | 1,982,256.00 |
| (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 shall be re-classified into gain and loss | -7,844,704.19 | 1,982,256.00 |
| 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 currency statements | -7,844,704.19 | 1,982,256.00 |
| 7. Others | ||
| Net amount of other comprehensive income after tax attributable to minority shareholders | -32,340.62 | 6,917.17 |
| VII. Total comprehensive income | 334,722,418.43 | 216,783,552.71 |
| Total comprehensive income attributable to the parent company’s owner | 334,734,701.77 | 216,769,540.13 |
| Total comprehensive income attributable to minority shareholders | -12,283.34 | 14,012.58 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.7995 | 0.4940 |
| (II) Diluted earnings per share | 0.7995 | 0.4940 |
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the AccountingDepartment: Tian Hui
3. Consolidation of the Cash Flow Statement from the Beginning of the Year to the End of the Reporting Period
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 supply of services | 4,500,004,848.59 | 3,097,232,379.30 |
| 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 | 332,318.54 | 1,592,055.84 |
| Other operation activity related cash receipts | 58,259,556.53 | 52,861,160.51 |
| Subtotal of cash flow in from operating activity | 4,558,596,723.66 | 3,151,685,595.65 |
| Cash paid for purchase of goods and reception of labor services | 2,996,540,264.43 | 2,086,461,819.63 |
| 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 | 555,033,234.59 | 429,628,382.76 |
| Various taxes paid | 248,687,302.73 | 121,220,554.66 |
| Other operation activity related cash payments | 390,125,168.61 | 298,226,010.81 |
| Subtotal of cash flow out from operating activity | 4,190,385,970.36 | 2,935,536,767.86 |
| Net cash flows arising from operating activities | 368,210,753.30 | 216,148,827.79 |
| II. Cash flow arising from investment activities: | ||
| Cash received from recovery of investment | ||
| Cash received from investment income | ||
| Net cash from disposal of fixed assets, intangible assets and recovery of other long term assets | 43,107.14 | 84,522.81 |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other investment related cash receipts | ||
| Subtotal of cash flow in from investment activity | 43,107.14 | 84,522.81 |
| Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets | 154,549,937.25 | 90,396,549.63 |
| 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 investment | 154,549,937.25 | 90,396,549.63 |
| activity | ||
| Net cash flow arising from investment activities: | -154,506,830.11 | -90,312,026.82 |
| III. Cash flow arising from fund-raising activities: | ||
| Cash received from absorbing investment | 58,216,000.00 | |
| Incl.: Cash received from the subsidiaries’ absorption of minority shareholders’ investment | ||
| Cash received from loans | 950,175,970.17 | 722,430,000.00 |
| Other fund-raising activity related cash receipts | ||
| Subtotal of cash flow in from fund raising activity | 1,008,391,970.17 | 722,430,000.00 |
| Cash paid for debt repayment | 1,096,639,047.51 | 574,529,887.95 |
| Cash paid for dividend/profit distribution or repayment of interest | 187,013,299.32 | 104,338,909.03 |
| Including: Dividend and profit paid by the subsidiaries to minority shareholders | ||
| Other fund-raising activity related cash payments | 58,958,288.96 | 44,625,838.93 |
| Sub-total cash flow paid for financing activities | 1,342,610,635.79 | 723,494,635.91 |
| Net cash flow arising from fund-raising activities | -334,218,665.62 | -1,064,635.91 |
| IV. Change of exchange rate influencing the cash and cash equivalent | -814,994.44 | -598,916.46 |
| V. Net increase of cash and cash equivalents | -121,329,736.87 | 124,173,248.60 |
| Plus: Opening balance of cash and cash equivalents | 353,057,285.71 | 315,093,565.09 |
| VI. Ending balance of cash and cash equivalents | 231,727,548.84 | 439,266,813.69 |
Legal representative: Zhang Xuhua Chief Financial Officer: Chen Zhuo Person in charge of the AccountingDepartment: Tian Hui(II) Notes to the Adjustment of Financial Statements
1. The Company started implementing the updated standards for lease commencing from 2021 and adjusted therelevant items of the financial statements at the beginning of the very year involved in the initial implementationof the said standardsIs it necessary to adjust the items of the balance sheet at the year beginningYesConsolidated Balance Sheet
In CNY
| Items | December 31, 2020 | January 01, 2021 | Amount involved in the adjustment |
| Current assets: | |||
| Monetary capital | 353,057,285.71 | 353,057,285.71 | |
| Settlement reserve | |||
| Inter-bank lending | |||
| Transactional financial assets | |||
| Derivative financial assets | |||
| Notes receivable | 48,192,442.15 | 48,192,442.15 | |
| Accounts receivable | 475,598,684.88 | 475,598,684.88 | |
| Financing with accounts receivable | |||
| Advance payment | 16,612,773.76 | 16,612,773.76 | |
| Receivable premium | |||
| Reinsurance accounts receivable | |||
| Reserve for reinsurance contract receivable | |||
| Other receivables | 52,902,779.63 | 52,902,779.63 | |
| Including: Interest receivable | |||
| Dividends receivable | |||
| Redemptory monetary capital for sale | |||
| Inventories | 1,931,780,185.85 | 1,931,780,185.85 | |
| Contract assets | |||
| Held-for-sale assets | |||
| Non-current assets due within a year | |||
| Other current assets | 75,935,141.76 | 73,796,500.44 | -2,138,641.32 |
| Total current assets | 2,954,079,293.74 | 2,951,940,652.42 | -2,138,641.32 |
| Non-current assets: | |||
| Loan issuing and advance in cash | |||
| Equity investment | |||
| Other equity investment | |||
| Long term accounts receivable | |||
| Long-term equity investments | 51,400,665.92 | 51,400,665.92 | |
| Investment in other equity instruments | 85,000.00 | 85,000.00 |
| Other non-current financial assets | |||
| Investment-oriented real estate | 398,086,447.78 | 398,086,447.78 | |
| Fixed assets | 352,734,280.76 | 352,734,280.76 | |
| Construction-in-progress | |||
| Productive biological asset | |||
| Oil and gas aAssets | |||
| Use right assets | 170,138,212.72 | 170,138,212.72 | |
| Intangible assets | 37,859,316.51 | 37,859,316.51 | |
| Development expenses | |||
| Goodwill | |||
| Long term expenses to be apportioned | 130,017,587.99 | 130,017,587.99 | |
| Deferred income tax asset | 80,913,800.35 | 80,913,800.35 | |
| Other non-current assets | 13,536,307.13 | 13,536,307.13 | |
| Total non-current assets | 1,064,633,406.44 | 1,234,771,619.16 | 170,138,212.72 |
| Total assets | 4,018,712,700.18 | 4,186,712,271.58 | 167,999,571.40 |
| Current liabilities: | |||
| Short term loans | 542,673,278.09 | 542,673,278.09 | |
| Borrowings from the central bank | |||
| Loans from other banks | |||
| Transactional financial liabilities | |||
| Derivative financial liabilities | |||
| Notes payable | 3,581,360.00 | 3,581,360.00 | |
| Accounts payable | 301,211,515.39 | 301,211,515.39 | |
| Advance receipts | 9,991,850.67 | 9,991,850.67 | |
| Contract liabilities | 18,213,396.49 | 18,213,396.49 | |
| 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 | 132,853,462.20 | 132,853,462.20 | |
| Taxes payable | 68,925,271.90 | 68,925,271.90 |
| Other payables | 128,577,597.94 | 128,577,597.94 | |
| Including: interest payable | |||
| Dividends payable | 1,639,513.77 | 1,639,513.77 | |
| Service charge and commission payable | |||
| Payable reinsurance | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within a year | 370,030.00 | 96,546,555.48 | 96,176,525.48 |
| Other current liabilities | 2,299,755.09 | 2,299,755.09 | |
| Total current liabilities | 1,208,697,517.77 | 1,304,874,043.25 | 96,176,525.48 |
| Non-current liabilities: | |||
| Reserve for insurance contract | |||
| Long-term borrowings | 4,070,330.00 | 4,070,330.00 | |
| Bonds payable | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Lease liabilities | 76,142,342.03 | 76,142,342.03 | |
| Long-term accounts payable | |||
| Long term payroll payable to the employees | |||
| Estimated liabilities | |||
| Deferred income | 2,916,346.43 | 2,916,346.43 | |
| Deferred income tax liability | 3,067,834.55 | 3,067,834.55 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 10,054,510.98 | 86,196,853.01 | 76,142,342.03 |
| Total liabilities | 1,218,752,028.75 | 1,391,070,896.26 | 172,318,867.51 |
| Owner’s equity: | |||
| Capital stock | 428,091,881.00 | 428,091,881.00 | |
| Other equity instruments | |||
| Including: preferred shares | |||
| Perpetual bond | |||
| Capital reserve | 1,021,490,387.78 | 1,021,490,387.78 | |
| Less: shares in stock | 61,633,530.48 | 61,633,530.48 | |
| Other comprehensive income | 976,871.41 | 976,871.41 |
| Special reserve | |||
| Surplus Reserve | 246,531,866.87 | 246,531,866.87 | |
| Reserve against general risks | |||
| Retained earnings | 1,164,490,911.51 | 1,160,171,615.40 | -4,319,296.11 |
| Total owners’ equity attributable to the parent company | 2,799,948,388.09 | 2,795,629,091.98 | -4,319,296.11 |
| Minority shareholders’ equity | 12,283.34 | 12,283.34 | |
| Total owner’s equity | 2,799,960,671.43 | 2,795,641,375.32 | -4,319,296.11 |
| Total liabilities and owners’ equity | 4,018,712,700.18 | 4,186,712,271.58 | 167,999,571.40 |
Note to the AdjustmentThe Company has implemented the new lease standards for the first time since January 1, 2021. In 2021, in accordancewith the requirements of the new lease standards, the opening balance of lease-related assets has been adjusted to theasset of use right and lease liabilities.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for leaseinitially implemented from 2021Inapplicable(III) Auditor’s ReportHas the third quarter report been auditedNo
FIYTA Precision Technology Co., Ltd.
Board of DirectorsOctober 26, 2021