飞亚达B：2023年第一季度报告(英文)

http://ddx.gubit.cn 2023-04-25 飞亚达(000026)公司公告

Stock Code: 000026; 200026 Abbreviation of the Stock: FIYTA; FIYTA B Announcement No.: 2023-023

FIYTA Precision Technology Co., Ltd.

2023 First Quarter Report

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.

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 Reportand confirm 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 First Quarter Report been audited

I. Financial Highlights(I) Summary of Accounting/Financial Data

Does 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 over the same period of the previous year (%)
Revenue in CNY	1,200,095,568.76	1,173,700,720.94	2.25%
Net profit attributable to the Company’s shareholders, in CNY	103,189,489.23	86,354,073.76	19.50%
Net profit attributable to the Company’s shareholders less the non-recurring items, in CNY	95,484,229.79	84,104,404.06	13.53%
Net cash flows arising from operating activities, in CNY	80,169,964.00	16,020,422.02	400.42%
Basic earning per share (CNY/share)	0.2505	0.2083	20.26%
Diluted earning per share (CNY/share)	0.2505	0.2083	20.26%
Return on equity, weighted average	3.23%	2.84%	0.39%
	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)	4,100,025,213.23	4,117,143,911.99	-0.42%
Owner’s equity attributable to the Company’s shareholders, in CNY	3,252,796,335.91	3,136,423,492.15	3.71%

(II) Non-recurring gain/loss items and the amounts involved

In CNY

Items	Amount in the reporting period	Notes
Gain/loss from disposal of non-current assets, including the part written-off with the provision for impairment of assets.	-73,523.67
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)	2,825,263.25
Reversal of provision for impairment of accounts receivable that has been separately tested for impairment	968,041.01
Other non-operating income and expenses with the aforesaid items exclusive	259,239.00
Other gains and losses in compliance with the definition of non-recurring gains and losses.	5,904,091.45	Offsetting of the equity incentive expense with the unlocking condition unsatisfied.
Less: Amount affected by the income tax	2,177,851.60
Total	7,705,259.44

Details of other gains and losses in compliance with the definition of non-recurring gains and losses.Inapplicable

Explanation on defining the non-recurring gains and losses listed in the Explanatory Announcement No.1 onInformation Disclosure 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.Balance sheet items

Items	Ending balance	Opening balance	Percentage of change	Cause of the change
Advance payments	12,511,922.87	8,039,794.97	55.62%	Mainly due to increase of the advance payment for purchase of drive units and raw materials during the reporting period.
Advance receipts	10,651,706.80	16,960,128.83	-37.20%	Mainly due to decrease in advance receipts from the property business.
Payroll payable to employees	95,190,163.89	136,587,939.38	-30.31%	Mainly due to the year-end bonus paid already during the reporting period.

2. Profit Statement Items

Items	Amount incurred in the reporting period	Amount incurred in the previous period	Percentage of change	Cause of the change
Interest expenses	2,990,967.60	5,184,394.84	-42.31%	Mainly due to a decrease in loan interest and amortization interest on lease liabilities.
Other income	2,825,263.25	4,320,020.38	-34.60%	Mainly due to the decrease of government subsidies received.

II. Information of the Shareholders(I) Total number of the common shareholders and preferred 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		34,163	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
Names of the Shareholders	Nature of the shareholder	Shareholding proportion (%)	Number of shares held	Number of the restricted shares held	Status of the shares	Quantity
AVIC International Holding Limited	State corporate	39.02%	162,977,327	0.00
# Wu Jilin	Domestic natural person	3.99%	16,657,976	0.00
Xu Guoliang	Domestic natural person	1.04%	4,333,668	0.00
Qiu Hong	Domestic natural person	0.59%	2,470,000	0.00
Guoxin Investment Co., Ltd.	State legal entity	0.58%	2,441,500	0.00
China Merchants Securities (HK) Co., Limited	Foreign legal entity	0.31%	1,294,817	0.00
# Qu Yongjie	Domestic natural person	0.30%	1,266,800	0.00
#Zhu Rui	Domestic natural person	0.29%	1,229,700	0.00
Chen Hao	Domestic natural person	0.26%	1,079,243	0.00
# Zhang Mingrong	Domestic natural person	0.24%	1,022,200	0.00
Shares held by top 10 shareholders of unrestricted shares
Names of the Shareholders		Quantity of unrestricted shares held			Share type
Names of the Shareholders		Quantity of unrestricted shares held			Share type	Quantity
AVIC International Holding Limited		162,977,327			CNY ordinary shares	162,977,327
# Wu Jilin		16,657,976			CNY ordinary shares	16,657,976
Xu Guoliang		4,333,668			CNY ordinary shares	4,333,668
Qiu Hong		2,470,000			CNY ordinary shares	2,470,000
Guoxin Investment Co., Ltd.		2,441,500			CNY ordinary shares	2,441,500
China Merchants Securities (HK) Co., Limited		1,294,817			Domestic listed foreign investment shares	1,294,817
# Qu Yongjie		1,266,800			CNY ordinary shares	1,266,800
#Zhu Rui		1,229,700			CNY ordinary shares	1,229,700
Chen Hao		1,079,243			CNY ordinary shares	1,079,243
# Zhang Mingrong		1,022,200			CNY ordinary shares	1,022,200
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 9,825,624 shares held through the ordinary securities account, Wu Jilin, one of the shareholders of the Company, also holds 6,832,352 shares through the credit transaction guarantee securities account. Therefore, Wu Jilin is actually holding 16,657,976 shares; 2. 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 credit transaction guarantee securities account. Therefore, Qu Yongjie is actually holding 1,266,800 shares;

3. In addition to the 92,000 shares held through the ordinary securities account, Zhu

Rui, one of the shareholders of the Company, also holds 1,137,700 shares throughthe credit transaction guarantee securities account. Therefore, Zhu Rui is actuallyholding 1,229,700 shares;

4. In addition to the 0 shares held through the ordinary securities account, Zhang

Mingrong, one of the shareholders of the Company, also holds 1,022,200 sharesthrough the credit transaction guarantee securities account. Therefore, ZhangMingrong is actually holding 1,022,200 shares;

(II) Total Preference Shareholders and the Shareholding by the Top 10 Preference ShareholdersInapplicableIII. Note to other significant events

1. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase I)Reviewed and approved at the 10th session of the Tenth Board of Directors, the Company satisfied the conditions forreleasing the trading restriction in the third trading restriction release period of the Company's 2018 Restricted StockIncentive Scheme (Phase I) and the 1.16232 million restricted A-shares involved were listed for trading on January 31,2023. For the details, please refer to the "Indicative Announcement on the Listing of the Restricted Shares for Tradingof the Third Trading Restriction Release Period in the 2018 A-Share Restricted Stock Incentive Scheme (Phase I)2023-002” disclosed in http://www.cninfo.com.cn.

2. Matters in Connection with 2018 Restricted A-Share Incentive Scheme (Phase II)Reviewed and approved at the 10th session of the Tenth Board of Directors, the Company satisfied the conditions forreleasing the trading restriction in the first trading restriction release period of the Company's 2018 A-Share RestrictedStock Incentive Scheme (Phase II) and the 2.27439 million restricted A-shares involved were listed for trading onJanuary 31, 2023. For the details, please refer to the "Indicative Announcement on the Listing of the Restricted Sharesfor Trading of the First Trading Restriction Release Period in the 2018 A-Share Restricted Stock Incentive Scheme(Phase II) 2023-001” disclosed in http://www.cninfo.com.cn.

Reviewed and approved at the 11th session of the Tenth Board of Directors, as four of the incentive grantees in theincentive scheme left their offices, the Company intended to repurchase and cancel a total of 146,740 restricted A-shares in their hands which had been granted to them but had not been released from the trading restrictions; as theconditions for releasing the trading restriction in the second trading restriction release period of the Incentive Schemehad not yet been satisfied, the Company intended to handle the repurchase and cancellation of the shares with theconditions for releasing the trading restriction unsatisfied held by 120 incentive grantees with a total of 2,201,130shares involved. The above matter still need to be submitted to 2022 Annual General Meeting for review and approval.For the details, please refer to the "Indicative Announcement on Repurchase and Cancellation of Partial RestrictedShares in the 2018 A-Share Restricted Stock Incentive Scheme (Phase II) 2023-013” and the “Announcement on theConditions for Releasing the Trading Restriction of the Second Trading Restriction Release Period in the 2018 A-Share Restricted Stock Incentive Scheme (Phase II) Unsatisfied and Repurchase and Cancellation of PartialRestricted Shares 2023-014” disclosed in http://www.cninfo.com.cn.

3. Repurchase of Partial Domestically Listed Foreign Investment Shares (B-Shares)Reviewed and approved at the 11th session of the Tenth Board of Directors, the Company intended to use its ownfunds of no less than CNY 50 million but no more than CNY 100 million to repurchase 6.66 million to 13.32 million B-shares by means of the centralized bidding transaction for deregistration and reduction of the registered capital. Thismatter still needs to be submitted to the 2022 Annual General Meeting for review and approval. For the detail, pleaserefer to the “Proposal for Repurchasing Partial Domestically Listed Foreign Investment Shares (B-Shares) asRepurchased and the Change of the Company’s Shares 2023-015”disclosed in http://www.cninfo.com.cn on March 18,2023.

IV. Quarterly Financial Statements(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by FIYTA Precision Technology Co., Ltd.

March 31, 2023

In CNY

Items	Ending balance	Opening balance
Current assets:
Monetary capital	348,095,993.14	313,747,463.64
Settlement reserve
Inter-bank lending
Transactional financial assets
Derivative financial assets
Notes receivable	23,746,911.51	32,214,912.10
Accounts receivable	368,140,156.62	305,290,959.68
Financing with accounts receivable
Advance payment	12,511,922.87	8,039,794.97
Receivable premium
Reinsurance accounts receivable
Reserve for reinsurance contract receivable
Other receivables	58,383,934.76	56,918,019.48
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventories	2,090,175,263.42	2,141,320,373.67
Contract assets
Held-for-sale assets
Non-current assets due within a year
Other current assets	51,062,882.89	66,339,505.32
Total current assets	2,952,117,065.21	2,923,871,028.86
Non-current assets:
Loan issuing and advance in cash
Equity investment
Other equity investment
Long term accounts receivable
Long-term equity investments	58,182,086.90	58,182,086.90
Investment in other equity instruments	85,000.00	85,000.00
Other non-current financial assets
Investment-oriented real estate	371,059,873.30	374,979,494.71
Fixed assets	359,287,572.07	364,628,765.17
Construction-in-progress
Productive biological asset
Oil and Gas Assets
Use right assets	92,504,408.52	110,330,512.03
Intangible assets	32,251,415.40	33,200,218.63
Development expenses
Goodwill
Long term expenses to be apportioned	129,941,028.99	144,488,452.18
Deferred income tax asset	92,849,263.82	95,784,611.94
Other non-current assets	11,747,499.02	11,593,741.57
Total non-current assets	1,147,908,148.02	1,193,272,883.13

Total assets	4,100,025,213.23	4,117,143,911.99
Current liabilities:
Short term borrowings	290,224,736.11	290,237,111.11
Borrowings from the central bank
Loans from other banks
Transactional financial liabilities
Derivative financial liabilities
Notes payable	2,000,600.00	2,000,600.00
Accounts payable	124,137,573.10	170,589,456.67
Advance receipts	10,651,706.80	16,960,128.83
Contract liabilities	14,956,720.71	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 employees	95,190,163.89	136,587,939.38
Taxes payable	64,283,879.12	60,770,168.30
Other payables	142,432,724.66	165,060,122.58
Including: interest payable
Dividends payable	3,423,458.72	6,324,013.97
Service charge and commission payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year	60,494,208.97	71,546,316.16
Other current liabilities	1,902,319.63	1,686,806.01
Total current liabilities	806,274,632.99	932,283,086.51
Non-current liabilities:
Reserve for insurance contract
Long-term borrowings
Bonds payable
Including: preferred shares
Perpetual bond
Lease liabilities	34,335,209.12	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	5,323,108.41	5,498,844.95
Other non-current liabilities
Total non-current liabilities	40,954,244.33	48,437,333.33
Total liabilities	847,228,877.32	980,720,419.84
Owner’s equity:
Capital stock	417,627,960.00	417,627,960.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserve	1,002,934,806.10	1,007,086,643.48
Less: shares in stock	31,260,789.45	50,759,806.16
Other comprehensive income	3,250,523.12	5,739,589.89
Special reserve	2,337,306.88	2,012,064.91
Surplus reserve	275,010,401.50	275,010,401.50
Reserve against general risks

Retained earnings	1,582,896,127.76	1,479,706,638.53
Total owners’ equity attributable to the parent company	3,252,796,335.91	3,136,423,492.15
Minority shareholders’ equity
Total owner’s equity	3,252,796,335.91	3,136,423,492.15
Total liabilities and owners’ equity	4,100,025,213.23	4,117,143,911.99

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui

2. Consolidated Profit Statement

In CNY

Items	Amount incurred in the reporting period	Amount incurred in the previous period
I. Turnover	1,200,095,568.76	1,173,700,720.94
Including: operating income	1,200,095,568.76	1,173,700,720.94
Interest income
Earned insurance premium
Service charge and commission income
II. Total operating costs	1,070,094,479.27	1,065,454,948.14
Including: Operating costs	767,722,882.96	725,288,861.90
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	7,087,405.97	6,623,183.80
Sales costs	228,113,224.28	257,444,571.92
Administrative expenses	48,007,102.03	55,399,290.60
R & D expenditures	13,175,703.59	12,984,545.64
Financial expenses	5,988,160.44	7,714,494.28
Where: Interest cost	2,990,967.60	5,184,394.84
Interest income	873,024.53	750,842.75
Plus: Other income	2,825,263.25	4,320,020.38
Investment income (loss is stated with “-”)
Including: return on investment in associate and joint venture
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 “-”)	-240,194.86	29,964.40
Loss from impairment of assets (loss is stated with “-”)
Income from disposal of	-73,523.67	-729,742.09

assets (loss is stated with “-“)
III. Operating Profit (loss is stated with “-”)	132,512,634.21	111,866,015.49
Plus: Non-operating income	480,647.98	73,317.70
Less: Non-operating expenses	221,408.98	769,784.25
IV. Total profit (total loss is stated with “-”)	132,771,873.21	111,169,548.94
Less: Income tax expense	29,582,383.98	24,815,475.18
V. Net Profit (net loss is stated with “-”)	103,189,489.23	86,354,073.76
(I) Classification based on operation sustainability
1. Net Profit from sustainable operation (net loss is stated with “-”)	103,189,489.23	86,354,073.76
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	103,189,489.23	86,354,073.76
2. Minority shareholders’ gain/loss
VI. Net of other comprehensive income after tax	-2,489,066.77	-48,552.58
Net of other comprehensive income after tax attributable to the parent company’s owner	-2,489,066.77	-48,552.58
(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	-2,489,066.77	-48,552.58
1. Other comprehensive income which can be converted into gain and loss based on the equity method
2. Movement of the fair value of other creditor’s right 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	-2,489,066.77	-48,552.58
7. Others
Net amount of other comprehensive income after tax attributable to minority shareholders

VII. Total comprehensive income	100,700,422.46	86,305,521.18
Total comprehensive income attributable to the parent company’s owner	100,700,422.46	86,305,521.18
Total comprehensive income attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share	0.2505	0.2083
(II) Diluted earnings per share	0.2505	0.2083

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui

3. Consolidated Cash Flow Statement

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	1,268,572,542.49	1,341,476,147.74
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	612,797.28	448,081.85
Other operation activity related cash receipts	14,811,953.04	13,508,738.54
Subtotal of cash flow in from operating activity	1,283,997,292.81	1,355,432,968.13
Cash paid for purchase of goods and reception of labor services	848,501,717.56	950,732,002.36
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	197,287,320.08	234,412,020.13
Taxes paid	69,642,205.23	69,645,546.92
Other business activity related	88,396,085.94	84,622,976.70

cash payments
Subtotal of cash flow out from operating activity	1,203,827,328.81	1,339,412,546.11
Net cash flows arising from operating activities	80,169,964.00	16,020,422.02
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	858.16	3,705.21
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	858.16	3,705.21
Cash paid for construction/purchase of fixed assets, intangible assets and other long term assets	13,729,006.77	29,038,120.17
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	13,729,006.77	29,038,120.17
Net cash flow arising from investment activities:	-13,728,148.61	-29,034,414.96
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	150,000,000.00	593,052,257.18
Other fund raising activity related cash receipts
Subtotal of cash flow in from fund raising activity	150,000,000.00	593,052,257.18
Cash paid for debt repayment	150,000,000.00	500,000,000.00
Cash paid for dividend/profit distribution or repayment of interest	4,779,458.02	4,471,210.32
Including: Dividend and profit paid by the subsidiaries to minority shareholders
Other investment activity related cash payments	26,933,476.33	67,053,433.45
Sub-total cash flow paid for financing activities	181,712,934.35	571,524,643.77
Net cash flow arising from fund-raising activities	-31,712,934.35	21,527,613.41
IV. Change of exchange rate influencing the cash and cash equivalent	-380,351.54	-463,710.47
V. Net increase of cash and cash equivalents	34,348,529.50	8,049,910.00
Plus: Opening balance of cash and cash equivalents	313,747,463.64	210,254,737.14

VI. Ending balance of cash and cash equivalents

348,095,993.14

218,304,647.14

Legal representative: Zhang Xuhua Chief Financial Officer: Song Yaoming Person in charge of the AccountingDepartment: Tian Hui(II) Auditor’s ReportHas the First Quarter Report been auditedNo

FIYTA Precision Technology Co., Ltd.

Board of DirectorsApril 25, 2023

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