Stock Code: 000026; 200026 Short Form of Stock: FIYTA; FIYTA B Announcement No.: 2021-039
FIYTA Precision Technology Co., Ltd.2021 First Quarter Report, Summary
Section 1 Important Notice, Table of Contents and Definition
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 reportand confirm that there are neither material omissions nor errors which would render any statement misleading.
All the directors attended the board meeting for reviewing the Quarter Report.
Huang Yongfeng, the Company leader, Chen Zhuo, chief financial officer, and Tian Hui, the manager of the accountingdepartment (treasurer) hereby confirm the authenticity and completeness of the financial report enclosed in thisQuarter Report.
Section 2 Company ProfileI. Summary of Accounting/Financial DataDoes the Company need to make retroactive adjustment or restatement of the accounting data of the previous yearNo
| Reporting period | Same period of the previous year | Year-on-year increase/decrease in the reporting period | |
| Operation revenue in CNY | 1,378,277,735.81 | 588,361,057.06 | 134.26% |
| Net profit attributable to the Company’s shareholders, in CNY | 118,222,042.23 | -12,974,795.53 | 1,011.17% |
| Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY | 113,576,505.85 | -13,738,773.72 | 926.69% |
| Net cash flows arising from operating activities, in CNY | 28,711,219.83 | -106,747,751.88 | 126.90% |
| Basic earning per share (CNY/share) | 0.2780 | -0.0294 | 1,045.66% |
| Diluted earning per share (CNY/share) | 0.2780 | -0.0294 | 1,045.66% |
| Return on equity, weighted average | 4.15% | -0.49% | 4.64% |
| 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) | 4,412,065,471.64 | 4,018,712,700.18 | 9.79% |
| Net profit attributable to the Company’s shareholders, in CNY | 2,911,884,821.93 | 2,799,948,388.09 | 4.00% |
Non-recurring gain/loss items and the amount involved
In CNY
| Items | 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. | 55,838.26 | |
| The government subsidies included in the profits and losses of the current period (excluding government grants which are closely related to the Company’s business and conform with the national standard amount or quantity) | 6,070,986.55 | |
| Other non-operating income and expenses other than the aforesaid items | 37,477.18 | |
| Less: Amount affected by the income tax | 1,518,765.61 | |
| Total | 4,645,536.38 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No. 1 on Information Disclosurefor Companies Offering their Securities to the Public – Non-recurring Gains and Losses and its non-recurring gain/loss itemsas illustrated in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering their Securities to thePublic – Non-recurring Gains and Losses which have been defined as recurring gains and losses, it is necessary to explain thereason.Inapplicable
II. Total number of shareholders and the statement of the shares held by the top 10 shareholders
1. Total number of the common shareholders and preferred shareholders whose voting rights are restored and sharesheld by the top 10 shareholders
In shares
| Total common shareholders at the end | 28,331 | Total preference shareholders with the | 0 |
| of the reporting period | voting power recovered at the end of the reporting period (if any) | |||||
| 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 or freezing | |
| Status of the shares | Quantity | |||||
| AVIC International Holding Limited | State corporate | 37.40% | 162,977,327 | 0 | ||
| ICBC - Fuguo Tianhui Selected Growth Hybrid Securities Investment Fund (LOF) | Domestic non-state-owned legal person | 2.75% | 12,000,072 | 0 | ||
| Construction Bank of China - Penghua Huizhi Optimized Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 2.11% | 9,211,000 | 0 | ||
| ICBC - Fuguo Hi-tech Industry Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 1.80% | 7,829,645 | 0 | ||
| Construction Bank of China - Penghua High Quality Growth Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 1.40% | 6,103,406 | 0 | ||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | Domestic non-state-owned legal person | 1.13% | 4,943,342 | 0 | ||
| China Merchants Bank Co., Ltd. - Fuguo Sci-Tech Innovation Theme 3-Year Sealed Operation Flexible Configuration Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.68% | 2,963,991 | 0 | ||
| Construction Bank of China - Penghua Selected Growth | Domestic non-state-owned legal person | 0.61% | 2,645,834 | 0 | ||
| Hybrid Securities Investment Fund | ||||||
| Bank of Communications - CSCL High Quality Growth Securities Investment Fund | Domestic non-state-owned legal person | 0.54% | 2,339,400 | 0 | ||
| China Construction Bank Co., Ltd. - Fuguo Sci-Tech Innovation Flexible Configuration Hybrid Securities Investment Fund | Domestic non-state-owned legal person | 0.53% | 2,290,460 | 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 | |||
| ICBC - Fuguo Tianhui Selected Growth Hybrid Securities Investment Fund (LOF) | 12,000,072 | CNY ordinary shares | 12,000,072 | |||
| Construction Bank of China - Penghua Huizhi Optimized Hybrid Securities Investment Fund | 9,211,000 | CNY ordinary shares | 9,211,000 | |||
| ICBC - Fuguo Hi-tech Industry Hybrid Securities Investment Fund | 7,829,645 | CNY ordinary shares | 7,829,645 | |||
| Construction Bank of China - Penghua High Quality Growth Hybrid Securities Investment Fund | 6,103,406 | CNY ordinary shares | 6,103,406 | |||
| Construction Bank of China - Penghua Value Superiority Hybrid Securities Investment Fund (LOF) | 4,943,342 | CNY ordinary shares | 4,943,342 | |||
| China Merchants Bank Co., Ltd. - Fuguo Sci-Tech Innovation Theme 3-Year Sealed Operation Flexible Configuration Hybrid Securities Investment Fund | 2,963,991 | CNY ordinary shares | 2,963,991 | |||
| Construction Bank of China - Penghua Selected Growth Hybrid Securities Investment Fund | 2,645,834 | CNY ordinary shares | 2,645,834 | |||
| Bank of Communications - CSCL High Quality Growth Securities Investment Fund | 2,339,400 | CNY ordinary shares | 2,339,400 | |||
| China Construction Bank Co., Ltd. - Fuguo Sci-Tech Innovation Flexible | 2,290,460 | CNY ordinary shares | 2,290,460 | |||
| Configuration Hybrid Securities Investment Fund | |
| 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 |
Did the top ten common shareholders or top ten shareholders of unrestricted common shares conductcontractual repurchase during the reporting period?No
2. Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicable
Section 3 Significant Events
I. Financial Data Summary, Statement of Change in the Financial Indicators and the Causes during the ReportingPeriod
(I) Items of assets and liabilities
| Items | Amount at the end of the reporting period | End of the previous year | Variation proportion (%) | Cause of the movement |
| Monetary capital | 515,870,165.61 | 353,057,285.71 | 46.12% | Mainly due to the increase in sales receivables collected from the growth of the operation revenue, the net increase of the bank loans and the increase in subscription payments received for the implementation of the second phase of the equity incentive plan. |
| Use right assets | 150,191,634.60 | 0.00 | 100% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Deferred income tax asset | 112,197,900.00 | 80,913,800.35 | 38.66% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Other non-current assets | 5,216,861.24 | 13,536,307.13 | -61.46% | Mainly due to decrease of the advance payment for refurbishment of shops. |
| Advance receipts: | 5,358,910.60 | 9,991,850.67 | -46.37% | Mainly due to the decrease in pre-collected rent from the property lease business. |
| Payroll payable to the employees | 78,191,053.79 | 132,853,462.20 | -41.14% | Mainly due to the decrease of the payment for the year-end performance bonus during the reporting period. |
| Other payables | 198,715,349.62 | 128,577,597.94 | 54.55% | Mainly due to the increase in repurchase obligations brought about by the implementation of the equity incentive scheme phase II. |
| Dividends payable | 1,069,368.55 | 1,639,513.77 | -34.78% | Mainly due to the influence of the unlocking of the equity incentive scheme Phase II and payment of part of the dividend. |
| Lease liabilities | 152,730,913.89 | 0.00 | 100% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Deferred income tax liability | 40,474,373.69 | 3,067,834.55 | 1219.31% | Mainly due to the influence from the implementation of the new standards for lease in the current year. |
| Shares in stock | 119,217,908.46 | 61,633,530.48 | 93.43% | Mainly due to the implementation of the equity incentive scheme Phase II. |
| Other comprehensive income | -6,373,398.65 | 976,871.41 | -752.43% | Mainly due to the influence from the change of the translation balance of foreign currency statements. |
(II) Profit Statement Items
| Items | Reporting period | Same period of the previous year | Variation proportion (%) | Cause of the movement |
| Operating revenue | 1,378,277,735.81 | 588,361,057.06 | 134.26% | Mainly due to the growth of the Company's operating performance. |
| Taxes and surcharges | 7,586,076.81 | 3,674,419.66 | 106.46% | Mainly due to the increase in taxes and dues brought about from the increase in operation revenue. |
| Sales costs | 280,821,158.83 | 183,463,601.55 | 53.07% | Mainly due to the corresponding increase in labor and channel expenses resulted from growth of the operation |
| revenue. | ||||
| R&D expenses | 13,209,007.18 | 9,810,864.52 | 34.64% | Mainly due to the increase in R&D personnel and the decrease in labor costs during the epidemic in the same period last year. |
| Financial expenses | 10,191,937.77 | 7,521,614.69 | 35.50% | Mainly due to the increase of the bank service charges brought about from the increase in operation revenue. |
| Other income | 6,070,986.55 | 742,609.63 | 717.52% | Mainly due to the increase in government subsidies received. |
| Total profit | 151,948,990.88 | -18,524,043.50 | 920.28% | Mainly due to the increase of gross profit margin brought about from the increase in operation revenue. |
| Income tax expenses | 33,706,891.38 | -5,549,247.97 | 707.41% | Mainly due to the increase of taxes and fees brought about from the growth of total profit. |
(III) Items of Cash Flow Statement
| Items | Reporting period | Same period of the previous year | Variation proportion (%) | Cause of the movement |
| Net cash flows arising from operating activities | 28,711,219.83 | -106,747,751.88 | 126.90% | Mainly due to the increase of sales receivables collected brought about from the increase in operation revenue. |
| Net cash flow arising from investment activities: | -45,193,639.61 | -24,341,946.96 | -85.66% | Mainly due to increased investment in refurbishment of shops. |
| Net cash flows arising from financial activities | 179,702,677.16 | 82,992,799.27 | 116.53% | Mainly due to the net increase of the bank loans and the subscription payments received for the implementation of the Equity Incentive Plan Phase II. |
During the first quarter, the domestic mid-to-high-end watch consumption market experienced a continuous growth trendfollowing the second half of last year. According to the statistics of the Swiss Watch Industry FH, the cumulative value of Swisswatch exports to China from January to February increased by 90.38% year-on-year, compared with the increase in 2019which also reached 47.96%. The Company has always adhered to the concept of high-quality development, continued to tampbasic management, consolidated core competitive advantages, seized market opportunities, and cultivated new growth points.In the first quarter, the operating revenue reached CNY 1.378 billion, a year-on-year growth of 134.26%, and greatly reversedthe loss in total profit on year-on-year basis.
During the reporting period, the Company continued to focus on the goal of "value creation" and paid close attention to theimplementation of the work. Focusing on “brand power, product power, and channel power”, the Company continued tostrengthen its core competitive advantages. FIYTA Brand unit price per customer, sales discounts, and gross profit marginscontinued to increase, series of new products such as MARS 500, Extremity and Heartstrings were successfully launched, andentered shopping mall channels in an orderly way. The year-on-year revenue growth rate reached 58%; on the basis of thecontinuous improvement of single store output, HARMONY World Watch Retail continued to promote channel expansion. Thenumber of mid-to-high-end channels and brands was further increased. At the same time, it focused on Hainan offshore islandtax-free opportunities to promote channel layout. Some duty-free channel projects have been implemented and operationrevenue continuously keeps rapid growth. The customer-centric digital operation system has been further implemented, andthe contribution to the sales from the potential customer transactions and repurchases of regular customers has been furtherimproved; the new customers of the precision technology business have expanded smoothly, and the operation revenue hasgrown steadily; the technology reserve and product iteration of the smart wearable business have been propelled in anaccelerative way, and the year-on-year operation revenue has experienced a big growth.
During the reporting period, the FIYTA brand was selected as one of the 7th "International Reputation Brands" and washonorably listed in the "Shenzhen Gifts".
During the 14th Five-Year Plan period, China will accelerate the establishment of a “dual circulation” development pattern inwhich domestic economic cycle plays a leading role while international economic cycle remains its extension and supplement.
The Company keeps optimistic about the growth prospects of the domestic watch consumer market in the future, and shallactively seize the opportunities of the times, continue to strengthen its core competitive advantages, and accelerate thechannel layout and structural upgrade; stick to the original aspiration of development, implement the "Big Country Brand"strategy, strengthen high-end precision technology innovation and R&D investment, accelerate self-centered design anddevelopment and key watchmaking capabilities; continue to cultivate and promote the development of precision technologyand smart wearable businesses. The Company shall take multiple measures simultaneously to enhance the comprehensivecompetitiveness of various businesses and continue to push the Company's overall operating performance to a new level.
II. Analysis on and explanation of the progress of important issues and their impacts and solutions
1. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)The 24th session of the Ninth Board of Directors held on December 29, 2020 reviewed and approved the Proposal on theRelease Conditions having been Satisfied for the First Release Period of 2018 Restricted A-Share Incentive Scheme (Phase I).The 1.357641 million restricted shares (accounting for 0.3116% of the Company's total share capital) that could be lifted thistime were listed for trading on February 1, 2021. For the details please refer to the "Indicative Announcement on the FirstRelease of the Restricted Sales Period and the Listing of the Restricted Shares for Trading Involved in the 2018 A-ShareRestricted Stock Incentive Scheme (Phase I) 2021-012” disclosed in the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partially Restricted Shares Involved in 2018 Restricted A-Share Incentive Scheme (Phase I)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4, 2021and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase and cancel atotal of 51,359 restricted A-shares that were granted with the restriction but not released to the one retired and one deceasedincentive objects in the 2018 Restricted A-Share Incentive Scheme (Phase I). For the details please refer to the"Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 A-Share Restricted StockIncentive Scheme (Phase I) 2021-019” disclosed in the Securities Times, Hong Kong Commercial Daily andhttp://www.cninfo.com.cn.
2. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)The 23rd session of the Ninth Board of Directors held on December 4, 2020 and 2021 1st Extraordinary General Meeting heldon January 6, 2021 decided to start 2018 Restricted A-Share Incentive Scheme (Phase II) (Draft) and the summary, which waslater on reviewed and approved at the 25th session of the Ninth Board of Directors held on January 15, 2021, and theCompany eventually granted 7.66 million restrictive A-shares to 135 persons eligible for the incentive. This part of restricted A-shares was all granted by January 15, 2021 and registered for listing by January 29, 2021. After the grant, the Company's totalshare capital increased to 435,751,881 shares. For the details please refer to the "Announcement on Completion of the GrantInvolved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-011” disclosed in the Securities Times, Hong KongCommercial Daily and http://www.cninfo.com.cn.
According to the “Proposal for Repurchase and Cancellation of the Partial Restricted Shares Involved in 2018 Restricted A-Share Incentive Scheme (Phase II)” approved at the 26th Sessions of the Ninth Board of Directors held on February 4, 2021and 2021 2nd Extraordinary General Meeting held on February 24, 2021, the Company decided to repurchase and cancel atotal of 150,000 restricted A-shares that were granted with the restriction but not released to the one retired incentive object inthe 2018 Restricted A-Share Incentive Scheme (Phase II). For the details please refer to the "Announcement on Repurchaseand Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-020”disclosed in the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
3. About the Change of Directors, Supervisors and Senior Executives
The 25th Session of the Ninth Board of Directors held on January 15, 2021, reviewed and approved the "Proposal on theAppointment of the General Manager of the Company" and the "Proposal on the Appointment of the Secretary of the Board ofthe Company” according to which Mr. Pan Bo was appointed as the General Manager, Mr. Chen Zhuo was appointed as theSecretary of the Board with the tenure from the date of approval by the Board of Directors to the date of ending of the NinthBoard of Directors. For the detail, please refer to the “Announcement on the Change of the Senior Executives 2021-010”disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
The 26th session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd ExtraordinaryGeneral Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Directors”according to which Mr. Zhang Zhibiao, Mr. Xiao Yi, Mr. Li Peiyin and Mr. Pan Bo were elected non-independent directors of theNinth Board of Directors of the Company with the tenure from the date of the approval by the general meeting to the date ofexpiry of the Ninth Board of Directors. For the detail, please refer to the “Announcement on the Proposed Change of Directors2021-017” disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
The 23rd session of the Ninth Board of Directors of the Company held on February 4, 2021 and 2021 2nd Extraordinary
General Meeting held on February 24, 2021 reviewed and passed the "Proposal on the Proposed Change of Supervisors”according to which Mr. Zheng Qiyuan and Ms. Cao Zhen were elected non-staff supervisors of the Ninth SupervisoryCommittee the Company with the tenure from the date of the approval by the general meeting to the date of expiry of the NinthSupervisory Committee. For the detail, please refer to the “Announcement on the Proposed Change of Supervisors 2021-018”disclosed by the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
4. About the Amendment of the Articles of Association
The 26th session of the Ninth Board of Directors held on February 4, 2021 reviewed and approved the "Proposal on theAmendment of the Articles of Association" according to which the relevant articles of the Articles of Association concerning thepractical situation upon completion of the award based on 2018 Restricted A-Share Incentive Scheme (Phase II) have beenupdated. For the detail, refer to the Proposal on the Amendment of the Articles of Association disclosed on the SecuritiesTimes, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
5. About the Change of Accounting Policies
The 27th session of the Ninth Board of Directors held on March 8, 2021 reviewed and approved the "Proposal on Change inthe Accounting Policies". According to the relevant provisions of the "Accounting Standards for Business Enterprises No. 21-Lease" revised by the Ministry of Finance, the Company shall implement the updated standards for lease commencing fromJanuary 1, 2021. For the detail, please refer to the “Announcement on Change of the Accounting Policies 2021-030” disclosedby the Company on the Securities Times, Hong Kong Commercial Daily and http://www.cninfo.com.cn.
| Overview of the Significant Events | Date of disclosure | Inquiry Index of the Website Disclosing Interim Reports |
| Announcement on the Resolution of 2021 1st Extraordinary General Meeting, 2021-002 | January 07, 2021 | www.cninfo.com.cn |
| Announcement on the Change of the Senior Executives of the Company 2021-010 | January 16, 2021 | www.cninfo.com.cn |
| "Announcement on Completion of the Grant Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-011 | January 28, 2021 | www.cninfo.com.cn |
| "Indicative Announcement on the Listing of the Restricted Shares for Trading Released in the First Release Period Involved in the 2018 Restricted A-share Incentive Scheme (Phase I) 2021-012” | January 29, 2021 | www.cninfo.com.cn |
| Announcement on the Proposed Change of Directors 2021-017 | February 05, 2021 | www.cninfo.com.cn |
| Announcement on the Proposed Change of Supervisors 2021-018 | February 05, 2021 | www.cninfo.com.cn |
| "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share Incentive Scheme (Phase I) 2021-019” | February 05, 2021 | www.cninfo.com.cn |
| "Announcement on Repurchase and Cancellation of Partial Restricted Shares Involved in the 2018 Restricted A-Share Incentive Scheme (Phase II) 2021-020” | February 05, 2021 | www.cninfo.com.cn |
| Proposal on the Amendment of the Articles of Association | February 05, 2021 | www.cninfo.com.cn |
| Announcement on the Resolution of 2021 2nd Extraordinary General Meeting, 2021-023 | February 25, 2021 | www.cninfo.com.cn |
| Announcement on the Change of Accounting Policies 2021-030 | March 10, 2021 | www.cninfo.com.cn |
Progress of implementation of the stock repurchaseThe 19th Session of the Ninth Board of Directors held on July 6, 2020 and 2020 2nd Extraordinary General Meeting held onJuly 23, 2020 reviewed and approved the “Proposal on Repurchase of Partial Domestically Listed Foreign Shares (B- Shares)”,and subsequently disclosed the repurchase report and a series of progress announcements in accordance with relevantregulations. For the detail, refer to the relevant announcement disclosed in the Securities Times, Hong Kong Commercial Dailyand http://www.cninfo.com.cn.
Ended the reporting period, the Company accumulatively repurchased 8,994,086 shares in the Company through a centralizedbidding method with the special account for the securities repurchased , accounting for 2.06% of the Company’s total sharecapital. The highest transaction 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 stamp duty, commission and other transaction costsexclusive). The repurchase activity complies with the requirements of relevant laws and regulations as well as the Company'sestablished repurchase plan.
Progress of implementation of reduction of the holding size of the shares repurchased by centralized biddingInapplicable
III. Commitments finished in implementation by the Company's actual controller, shareholders, related parties,acquirer, the Company, etc. in the reporting period and commitments unfinished in implementation during thereporting periodInapplicable
IV. Financial assets investment
1. Portfolio investment
Inapplicable
2. Investment in derivatives
Inapplicable
V. Progress of the projects invested with the raised capitalInapplicable
VI. Prediction of the performances from January to June, 2021Inapplicable
VII. Important contracts for day-to-day operationInapplicable
VIII. Finance management on commissionInapplicable
IX. Outward guarantee against regulationsInapplicable
XI. Non-operational occupancy of the company’s capital by the controlling shareholder and its related partiesInapplicable
XI. Registration form of the activities, such as reception of survey, communications, interviews, etc. during thereporting period
| Reception time | Place of reception | Way of reception | Types of Visitors Received | Visitors Received | Main contents discussed and information provided | Index of Basic Information on the Investigation and Survey |
| March 25, 2021 | Wechat Mini Program Titled “FIYTA Relationship with Investors | Others | Others | Extensive investors’ participation in the Company's 2020 Annual Online Performance Presentation by network remoteness | In order to provide investors with a comprehensive and in-depth understanding of the Company’s situation, the Company held a 2020 Online Performance Briefing and conducted communications and exchange with investors on the Company’s 2020 operating status, development strategy, watch brand business, watch retail service business, and development of precision technology and smart wearables. | http://irm.cninfo.com.cn/ircs/company/companyDetail?stockcode=000026&orgId=gssz0000026 |
Board of Directors ofFIYTA Precision Technology Co., Ltd.April 13, 2021