飞亚达B：2023年第三季度报告(英文)

Stock Code: 000026;200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2023-055

FIYTA Precision Technology Co., Ltd.

2023 Third Quarter Report

The Company and all members of the Board of Directors ensure that the information disclosed is authentic, accurate andcomplete, 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 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

No

I. 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

	Reporting period	Year-on-year increase/decrease of the reporting period over 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 over the same period of the previous year
Revenue in CNY	1,162,738,360.51	-3.26%	3,527,243,623.07	4.19%
Net profit attributable to the Company’s shareholders, in CNY	78,162,925.58	-12.28%	265,557,992.81	15.56%
Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY	75,522,620.72	-12.85%	252,875,164.38	16.75%
Net cash flows arising from operating activities, in CNY	—	—	479,074,483.11	19.59%
Basic earning per share (CNY/share)	0.1922	-11.54%	0.6439	16.56%
Diluted earning per share (CNY/share)	0.1922	-11.54%	0.6439	16.56%
Return on equity, weighted average	2.42%	-0.49%	8.22%	0.69%
	End of the reporting period	End of the previous year	Increase/decrease at the end of the year over the end of the previous year
Total assets (in CNY)	4,197,497,788.32	4,117,143,911.99	1.95%
Owner’s equity attributable to the Company’s shareholders, in CNY	3,274,196,663.98	3,136,423,492.15	4.39%

(II) Non-recurring gain/loss items and the amounts 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.	969,110.80	892,421.07
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)	1,457,981.29	8,149,590.70
Reversal of provision for impairment of accounts	1,201,989.51	7,156,730.50

receivable that has been separately tested for impairment
Other non-operating income and expenses with the aforesaid items exclusive	-292,827.55	12,095.10
Less: Amount affected by the income tax	695,949.19	3,528,008.94
Total	2,640,304.84	12,682,828.43	--

Specific conditions 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 Explanatory Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public as recurring gains and lossesInapplicable(III) Statement of Change in the Major Accounting Data and Financial Indicators and the Causes

1. Items of Consolidated Balance Sheet

Items	End of the reporting period	End of the previous year	Percentage of change	Cause of the change
Accounts receivable	404,973,707.73	305,290,959.68	32.65%	Mainly due to growth of the revenue.
Advance receipts	9,122,587.88	16,960,128.83	-46.21%	Mainly due to the decrease of the advance receipt of the rent from the property lease business.
Lease liabilities	28,628,851.49	41,642,561.58	-31.25%	Mainly due to the impact of optimizing store structure.
Other comprehensive income	13,533,438.96	5,739,589.89	135.79%	Mainly due to movement of the translation balance of foreign currency statements

2. Consolidation of the profit statement items of the beginning of the year to that of the end of the reporting period

Items	The reporting period	Same period of the previous year	Percentage of change	Cause of the change
Interest expenses	9,642,227.49	14,492,935.33	-33.47%	Mainly due to decrease in loan interest and interest on amortization of lease liabilities
Interest income	4,131,111.69	3,019,703.55	36.81%	Mainly due increase of deposit interest.
Other income	8,149,590.70	15,909,068.98	-48.77%	Mainly due to the decrease of government subsidies.
Return on investment	-1,697,481.65	2,462,626.52	-168.93%	Mainly due to decrease of profit of the associates.

3.Cash flow statement items from the beginning of the year to the end of the reporting period

Items	The reporting period	Same period of the previous year	Percentage of change	Cause of the change
Rebated taxes received	1,273,051.27	4,693,824.88	-72.88%	Mainly due to the bigger amount of VAT retention refunds received during the previous period.
Cash received from investment income	500,000.00	0.00	-	Mainly due to the dividends received from the associates during the reporting period.
Net cash received from disposal of fixed assets, intangible assets and other long-term assets	1,203,099.10	187,785.69	540.68%	Mainly due to the disposal of some properties during the reporting period.
Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets	58,184,503.58	91,211,685.29	-36.21%	Mainly due to decrease in expenditure for store refurbishment and improvement.

II. Information of the Shareholders(I) Total number of the common shareholders and preference shareholders whose voting rights are restoredand shares held by the top 10 shareholders

In shares

Total common shareholders at the end of the reporting period

28,003

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	39.25%	162,977,327	0
# Wu Jilin	Domestic natural person	4.50%	18,673,803	0
# Xu Guoliang	Domestic natural person	1.80%	7,455,068	0
Qiu Hong	Domestic natural person	0.59%	2,470,000	0
Industrial and Commercial Bank of China LTD - Rongtong Power Pioneer Hybrid Securities Investment Fund	Others	0.38%	1,570,634	0
# Qu Yongjie	Domestic natural person	0.31%	1,266,800	0
Industrial and Commercial Bank of China - Rongtong Blue Chip Growth Securities Investment Fund	Others	0.30%	1,228,200	0
#Zhu Rui	Domestic natural person	0.29%	1,201,400	0
China Construction Bank Co., Ltd. - China Universal Asset CSI GUOXIN CENTRAL-SOES SHAREHOLDER RETURN INDEX EXCHANGE TRADED FUND	Others	0.27%	1,125,000	0
Chen Hao	Domestic natural person	0.27%	1,101,643	0
Shares held by top 10 shareholders of unrestricted shares
Names of the Shareholders		Quantity of unrestricted shares held			Types and quantity of shares
					Share type	Quantity
AVIC International Holding Limited		162,977,327			CNY ordinary shares	162,977,327
# Wu Jilin		18,673,803			CNY ordinary shares	18,673,803
# Xu Guoliang		7,455,068			CNY ordinary shares	7,455,068
Qiu Hong		2,470,000			CNY ordinary shares	2,470,000
Industrial and Commercial Bank of China LTD - Rongtong Power Pioneer Hybrid Securities Investment Fund		1,570,634			CNY ordinary shares	1,570,634
# Qu Yongjie		1,266,800			CNY ordinary shares	1,266,800
Industrial and Commercial Bank of China -		1,228,200			CNY ordinary	1,228,200

Rongtong Blue Chip Growth Securities Investment Fund			shares
#Zhu Rui	1,201,400		CNY ordinary shares	1,201,400
China Construction Bank Co., Ltd. - China Universal Asset CSI GUOXIN CENTRAL-SOES SHAREHOLDER RETURN INDEX EXCHANGE TRADED FUND	1,125,000		CNY ordinary shares	1,125,000
Chen Hao	1,101,643		CNY ordinary shares	1,101,643
Explanation on associated relationship or consistent action of the above shareholders		The Company has no idea on whether the above 10 shareholders are associated or are acting in concert.
Note to the top 10 shareholders involved in margin financing & securities lending (if any)		1. In addition to the 11,060,677 shares held through the ordinary securities account, Wu Jilin, one of the shareholders of the Company, also holds 7,613,126 shares through the client credit transaction guarantee securities account of China CICC Wealth Securities Co., Ltd. Therefore, Wu Jilin is totally holding 18,673,803 shares; 2. In addition to the 6,853,168 shares held through the ordinary securities account, Xu Guoliang, one of the shareholders of the Company, also holds 601,900 shares through the client credit transaction guarantee securities account of Guosen Securities Co., Ltd. Therefore, Xu Guoliang is totally holding 7,455,068 shares; 3. In addition to the 22,800 shares held through the ordinary securities account, Qu Yongjie, one of the shareholders of the Company, also holds 1,244,000 shares through the client credit transaction guarantee securities account of Shanxi Securities Co., Ltd. Therefore, Qu Yongjie is totally holding 1,266,800 shares; 4. In addition to the 62,000 shares held through the ordinary securities account, Zhu Rui, one of the shareholders of the Company, also holds 1,139,400 shares through the client credit transaction guarantee securities account of First Capital Securities Co., Ltd. Therefore, Zhu Rui is totally holding 1,201,400 shares;

Note: The number of ordinary shares held in the Special Repurchase Securities Account of FIYTA PrecisionTechnology Co., Ltd." at the end of the reporting period being 7,220,794 shares with the holding proportion of 1.74%was mainly due to that the Company was in process of implementing repurchase of B-shares. According to regulations,the above-mentioned repurchase special accounts were not included in the list of the top 10 shareholders.(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicableIII. Other Significant Events

1. About Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)The Company’s 11th Session of the Tenth Board of Directors and 2022 Annual General Meeting reviewed andapproved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B- Shares), and subsequentlydisclosed the repurchase report and series of progress announcements in accordance with relevant regulations. Forthe detail, please refer to the relevant announcements disclosed on www.cninfo.com.

Ended the reporting period, the Company accumulatively repurchased 7,220,794 shares in the Company through acentralized bidding method with the special account for the securities repurchased , accounting for 1.74% of theCompany’s total share capital and the total amount already paid was HK$ 54,334,372.72 (with the transaction costsexclusive).

2. About capital increase to wholly-owned subsidiaries

The 14th Session of the Tenth Board of Directors reviewed and approved the Proposal on Increasing Capital toShenzhen FIYTA Precision Technology Co., Ltd., one of the Company’s wholly-owned subsidiaries, and decided toincrease capital to Shenzhen FIYTA Precision Technology Co., Ltd., one of the Company's wholly-owned subsidiaries,

with its own capital of CNY 80 million. Upon the completion of the said capital increase, the registered capital ofShenzhen FIYTA Precision Technology Co., Ltd. shall increase from CNY 100 million to CNY 180 million. For thedetail, please refer to the Announcement on Increasing Capital to Shenzhen FIYTA Precision Technology Co., Ltd.,One of the Company's Wholly-owned Subsidiaries 2023-047, disclosed on www.cninfo.com.IV. Quarterly Financial Statements(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by FIYTA Precision Technology Co., Ltd.

September 30, 2023

In CNY

Items	September 30, 2023	January 01, 2023
Current assets:
Monetary capital	482,422,435.72	313,747,463.64
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable	23,472,742.66	32,214,912.10
Accounts receivable	404,973,707.73	305,290,959.68
Financing with accounts receivable
Advance payment	9,083,624.21	8,039,794.97
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract receivable
Other receivables	57,040,950.19	56,918,019.48
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories	2,070,701,288.37	2,141,320,373.67
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets	46,931,371.66	66,339,505.32
Total current assets	3,094,626,120.54	2,923,871,028.86
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other debt investment
Long term accounts receivable
Long-term equity investments	55,984,605.25	58,182,086.90
Investment in other equity instruments		85,000.00
Other non-current financial assets
Investment-oriented real estate	363,220,630.48	374,979,494.71
Fixed assets	351,535,645.24	364,628,765.17
Construction-in-progress
Productive biological asset
Oil and Gas Assets
Use right assets	82,771,853.97	110,330,512.03
Intangible assets	30,926,207.84	33,200,218.63
Development expenses

Goodwill
Long term expenses to be apportioned	119,019,393.51	144,488,452.18
Deferred income tax asset	87,511,678.24	95,784,611.94
Other non-current assets	11,901,653.25	11,593,741.57
Total non-current assets	1,102,871,667.78	1,193,272,883.13
Total assets	4,197,497,788.32	4,117,143,911.99
Current liabilities:
Short term borrowings	300,206,111.10	290,237,111.11
Borrowings from central bank
Loans from other banks
Transactional financial liabilities
Derivative financial liabilities
Notes payable		2,000,600.00
Accounts payable	178,005,602.47	170,589,456.67
Advance receipts	9,122,587.88	16,960,128.83
Contract liabilities	16,787,687.71	16,844,437.47
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 the employees	118,697,005.18	136,587,939.38
Taxes payable	76,159,952.50	60,770,168.30
Other payables	132,599,205.40	165,060,122.58
Including: interest payable
Dividends payable	2,844,769.10	6,324,013.97
Service charge and commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year	54,712,870.77	71,546,316.16
Other current liabilities	1,931,115.15	1,686,806.01
Total current liabilities	888,222,138.16	932,283,086.51
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities	28,628,851.49	41,642,561.58
Long-term accounts payable
Long term payroll payable to employees
Estimated liabilities
Deferred income	1,295,926.80	1,295,926.80
Deferred income tax liability	5,154,207.89	5,498,844.95
Other non-current liabilities
Total non-current liabilities	35,078,986.18	48,437,333.33
Total liabilities	923,301,124.34	980,720,419.84
Owner’s equity:
Capital stock	415,266,730.00	417,627,960.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserve	989,904,948.43	1,007,086,643.48
Less: shares in stock	63,518,260.02	50,759,806.16
Other comprehensive income	13,533,438.96	5,739,589.89
Special reserve	2,892,545.77	2,012,064.91

Surplus reserve	275,010,401.50	275,010,401.50
Reserve against general risks
Retained earnings	1,641,106,859.34	1,479,706,638.53
Total owners’ equity attributable to the parent company	3,274,196,663.98	3,136,423,492.15
Minority shareholders’ equity
Total owner’s equity	3,274,196,663.98	3,136,423,492.15
Total liabilities and owners’ equity	4,197,497,788.32	4,117,143,911.99

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming

Person in charge of the Accounting Department: 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	3,527,243,623.07	3,385,434,370.84
Including: operating income	3,527,243,623.07	3,385,434,370.84
Interest income
Earned insurance premium
Service charge and commission income
II. Total operating costs	3,193,712,123.89	3,110,090,692.73
Including: Operating costs	2,256,476,548.22	2,138,260,571.41
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	25,345,712.61	22,677,261.49
Sales costs	691,195,217.89	717,796,063.69
Administrative expenses	160,446,439.91	175,560,079.27
R & D expenditures	43,344,236.22	36,809,093.83
Financial expenses	16,903,969.04	18,987,623.04
Where: Interest cost	9,642,227.49	14,492,935.33
Interest income	4,131,111.69	3,019,703.55
Plus: Other income	8,149,590.70	15,909,068.98
Investment income (loss is stated with “-”)	-1,697,481.65	2,462,626.52
Including: return on investment in associate and joint venture	-1,697,481.65	2,462,626.52
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 “-”)	4,685,503.40	389,469.67
Loss from impairment of assets (loss is stated with “-”)		-348,218.69
Income from disposal of assets (loss is stated with “-“)	892,421.07	-1,122,656.31
III. Operating Profit (loss is stated with “-“)	345,561,532.70	292,633,968.28
Plus: Non-operating income	663,757.42	270,660.63
Less: Non-operating expenses	651,662.32	765,159.53
IV. Total profit (total loss is stated with “-”)	345,573,627.80	292,139,469.38
Less: Income tax expense	80,015,634.99	62,338,094.92
V. Net Profit (net loss is stated with “-“)	265,557,992.81	229,801,374.46
(I) Classification based on operation sustainability
1. Net Profit from sustainable operation (net loss is stated with “-”)	265,557,992.81	229,801,374.46
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 shareholder (net loss is stated with “-”)	265,557,992.81	229,801,374.46
2. Minority shareholders’ gain/loss (net loss is stated with “-”)
VI. Net of other comprehensive income after tax	7,793,849.07	6,092,413.94
Net of other comprehensive income after tax attributable to the parent company’s owner	7,793,849.07	6,092,413.94
(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 and loss	7,793,849.07	6,092,413.94
1. Other comprehensive income which may be converted into gain and loss based on the equity method
2. Movement of the fair value of other creditor’s debt 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 foreign currency statements	7,793,849.07	6,092,413.94
7. Others
Net amount of other comprehensive income after tax attributable to minority shareholders
VII. Total comprehensive income	273,351,841.88	235,893,788.40
(I) Total comprehensive income attributable to the parent company’s owner	273,351,841.88	235,893,788.40
(II) Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share	0.6439	0.5524
(II) Diluted earnings per share	0.6439	0.5524

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming

Person in charge of the Accounting Department: 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	3,812,300,160.43	3,761,732,293.60
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	1,273,051.27	4,693,824.88
Other operation activity related cash receipts	52,079,384.91	59,781,844.08
Subtotal of cash flow in from operating activity	3,865,652,596.61	3,826,207,962.56
Cash paid for purchase of goods and reception of labor services	2,412,313,846.34	2,468,862,583.75
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	481,935,681.22	520,794,341.67
Taxes paid	206,597,758.05	194,878,556.60
Other business activity related cash payments	285,730,827.89	241,090,876.76
Subtotal of cash flow out from operating activity	3,386,578,113.50	3,425,626,358.78
Net cash flows arising from operating activities	479,074,483.11	400,581,603.78
II. Cash flow arising from investment activities:
Cash received from recovery of investment
Cash received from investment income	500,000.00
Net cash received from disposal of fixed assets, intangible assets and other long-term assets	1,203,099.10	187,785.69
Net cash received from disposal of subsidiaries and other operating units
Other investment activity related cash receipts
Subtotal of cash flow in from investment activity	1,703,099.10	187,785.69
Cash paid for purchase/construction of fixed assets, Intangible assets and other long term assets	58,184,503.58	91,211,685.29
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 activity	58,184,503.58	91,211,685.29
Net cash flow arising from investment activities:	-56,481,404.48	-91,023,899.60
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	250,000,000.00	745,155,704.29
Other financing activity related cash receipts
Subtotal of cash flow in from fund raising activity	250,000,000.00	745,155,704.29

Cash paid for debt repayment	240,000,000.00	690,177,286.25
Cash paid for dividend/profit distribution or repayment of interest	112,333,808.97	131,974,784.46
Including: Dividend and profit paid by the subsidiaries to minority shareholders
Other financing activity related cash payments	151,416,099.18	146,380,933.69
Sub-total cash flow paid for financing activities	503,749,908.15	968,533,004.40
Net cash flow arising from fund-raising activities	-253,749,908.15	-223,377,300.11
IV. Change of exchange rate influencing the cash and cash equivalent	-159,124.40	1,783,340.30
V. Net increase of cash and cash equivalents	168,684,046.08	87,963,744.37
Plus: Opening balance of cash and cash equivalents	313,738,389.64	210,254,737.14
VI. Ending balance of cash and cash equivalents	482,422,435.72	298,218,481.51

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming

Person in charge of the Accounting Department: Tian Hui(II) The Company started implementing the updated accounting standards commencing from 2023 andadjusted the relevant items in the financial statements at the beginning of the very year involved in the initialimplementation of the said standardsInapplicable(III) Auditor’s ReportHas the Third Quarter Report been auditedNo

The Board of Directors ofFIYTA Precision Technology Co., Ltd.

October 21, 2023