飞亚达Ｂ(200026):2023年年度审计报告（英文版）
原标题:飞亚达Ｂ:2023年年度审计报告（英文版） FIYTA Precision Technology Co., Ltd. Independent Auditor’s Report D.H.S.Z. [2024]0011000766-EN Da Hua Certified Public Accountants（Special General Partnership） FIYTA Precision Technology Co., Ltd. Independent Auditor’s Report and Financial Statements (1January 2023 to 31 December 2023) Content Page I. Independent Auditor’s Report 1-7 II. Audited Financial Statements Consolidated Balance Sheet 1-2 Consolidated Statement of Comprehensive 3 Income Consolidated Cash Flow Statement 4 Consolidated Statement of Changes in Equity 5-6 Parent Company’s Balance Sheet 7-8 Parent Company’s Statement of Comprehensive 9 Income Parent Company’s Cash Flow Statement 10 Parent Company’s Statement of Changes in 11-12 Equity Notes to Financial Statements 13-121 Da Hua Certified Public Accountants (Special General Partnership) 12th Floor, Building 7, No. 16, Xisihuan Middle Road, Haidian District, Beijing [100039] Tel: 86 (10) 5835 0011 Fax: 86 (10) 5835 0006 www.dahua-cpa.com I n d e p e n d e n t A u d i t o r ’ s R e p o r t D.H.S.Z.[2024] 0011000766-EN To the Shareholders of FIYTA Precision Technology Co., Ltd.: I.Audit Opinion We have audited the accompanying financial statements of FIYTA Precision Technology Co., Ltd. (herein after “FIYTA Ltd.” or the Company) , which comprise the consolidated and the parent company’s balance sheet as at 31 December 2023, the consolidated and the parent company’s statement of comprehensive income, the consolidated and the parent company’s cash flow statements and the consolidated and the parent company’s statement of changes in equity for the year then ended, and notes to the financial statements. In our opinion, the accompanying financial statements present in all material respects in accordance with the requirements of Accounting Standards for Business Enterprises, and fairly reflect FIYTA Ltd.’s financial position at 31 December 2023 and the financial performance and cash flows for the year then ended. II.Basis for Audit Opinion We conducted our audit in accordance with CICPA Standards on Auditing (“CSAs”) . In ‘Certified Public Accountant’s Responsibilities for the Audit of Financial Statements’ of this report, our responsibilities under these standards are described. Those standards require that we comply with CICPA professional ethical requirements, that we are independent from FIYTA Ltd. and have fulfilled all other ethical obligations. We believe that we have obtained sufficient and appropriate audit evidence as basis of for our opinion. III.Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the following key audit matters that need to be communicated in audit report. (I) Existence of inventory and its net realizable value 1. Description As at 31 December 2023, the book balance, provision for decline in value, and carrying amount of inventory were RMB2,172.58 million, RMB71.91 million and RMB2,100.67 million respectively. The carrying amount of inventory accounts for 49.97% of the total assets of the Company. (i) As the main business of FIYTA Ltd is selling FIYTA brand watches and other branded watches, the main inventory of FIYTA Ltd are finished watches and watch components. The inventories are distributed in stores, regional warehouses, resellers’ warehouses and the Company’s warehouses which caused difficulty in inventory physical observation; (ii) The management of FIYTA Ltd measures inventory at lower of cost and net realizable value (NRV) at balance sheet date. Where the cost of an inventory exceeds its NRV, the difference is recognized as provision for decline in value. The determination of NRV involves significant judgment and estimates by the Management. Inventory value is significant to the Company’s assets and it requires significant judgement by the Management, as a result, we identified existence of inventory and its net realizable value as key audit matters. 2. How our audit addressed the key audit matter Major audit procedures we have conducted include: (i) Understanding, evaluating and testing the design and operating effectiveness of internal controls of procurement and payment, production and storage, and the provision for decline in value of inventory; (ii) Using the work of experts to conduct IT audit to information system and evaluating the authenticity and accuracy of business data which related to financial statements. (iii) Understanding and evaluating the appropriateness of the Company’s policy in provision for decline in value; (iv) Understanding and inquiring the locations of inventory storage, measurement method of inventory so as to determining the scope of inventory physical observation; (v) Discussing physical inventory count status with the Management and attending the physical inventory count and conducting observation and test count on site to check the quantity of the inventories and observe their condition. (vi) Obtaining the ageing report of inventory and taking into consideration of inventory condition in order to perform analytical review on the ageing as well as analyze the reasonableness of provision for decline in value; (vii) Reviewing and evaluating the appropriateness of significant estimates made by the Management in determining the NRV of inventory; (viii) Obtaining the calculation of provision for decline in value of inventory, reviewing whether the provision was made in compliance with relevant accounting policies and performing recalculation of provision. Checking the movements of prior year’s provision and analyzing whether the provision was adequately accrued in prior period. (ix) Tracing samples of large purchases in current period to their corresponding contracts and tax invoices, and inspecting their purchase requisition form and goods receipt notes. Based on audit work conducted above, we believe that the inventory exists and the measurement is reasonable stated according to the Company’s policies. (II) Revenue recognition 1. Description In 2023, the Company’s income from main business was RMB4,553.71 million. The Company’s revenue mainly comes from sales of FIYTA brand watches and distribution of other branded watches. Except for small amount of sales by direct sales and consignment sales of FIYTA brand watches, most of the sales of FIYTA brand watches and other branded watches are sold through shops in department store and on-line shops. Refer to Note III 32 for accounting policy relating to revenue recognition. Operating revenue represents major line item in income statement and is main source of profit, the accuracy and completeness of revenue recognition have significant impact to the Company’s profit, as a result, we identified revenue recognition as a key audit matter. 2. How our audit addressed the key audit matter Major audit procedures we have conducted include: (i) Understanding, evaluating and testing the design and operating effectiveness of internal controls relating to revenue recognition; (ii) Using the work of experts to conduct IT audit to information system and evaluating the authenticity and accuracy of business data which related to financial statements. (iii) Obtaining and understanding accounting policies relating to revenue recognition, and reviewing and evaluating whether the point in time of control right transfer, measurement of transaction price and accounting for special transactions are complied with the accounting standards; (iv) Selecting samples from current year’s transaction records, and tracing them to supporting documents such as contract, tax invoice and goods dispatch note (if applicable) and courier waybill (if applicable) ; (v) In connection with audit of accounts receivable, selecting major customers and confirming corresponding sales in current year and year-end balance, and procedures were implemented to check for post-dated returns; (vi) Conducting cut-off test to revenue recognized before and after the balance sheet date by selecting samples to check supporting documents such as contract, tax invoice and goods dispatch note (if applicable) and courier waybill (if applicable) to evaluate whether the revenue was recorded in appropriate accounting period. Based on audit work conducted above, we believe that the Company’s revenue recognition is in conformity to its revenue recognition policy. IV.Other Information The management of FIYTA Ltd (the “Management”) are responsible for the Other Information. The Other Information comprises all of the information included in the Company’s annual report other than the financial statements and our auditors’ report thereon. Our opinion expressed on the financial statements does not cover the Other Information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this Other Information, we are required to report that fact. We have nothing to report in this regard. V.Responsibilities of the Management and those Charged with Governance for the Financial Statements The Management of the Company is responsible for the preparation of the financial statements that give a fair view in accordance with Accounting Standards for Business Enterprises and for the design, implementation and maintenance of such internal controls as the Management determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Those who charged with governance is responsible for overseeing the Company’s financial reporting process. VI.Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with China Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with China Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: 1. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. 3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management. 4. Conclude on the appropriateness of the Management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required, according to China Standards on Auditing, to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern. 5. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 6. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within FIYTA Ltd to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Da Hua Certified Public Accountants CICPA: (Special General Partnership) Engagement partner Long Jiao CICPA: Beijing, China Wang Dong 12 March 2024 Consolidated Balance Sheet As at 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Closing Balance of Assets Note V Closing Balance prior period Current assets: Monetary funds note 1 504,629,153.71 313,747,463.64 Financial assets held for trading Derivative financial assets Notes receivable note 2 18,268,972.37 32,214,912.10 Accounts receivable note 3 323,142,761.64 305,290,959.68 Accounts receivable financing Prepayments note 4 6,571,239.98 8,039,794.97 Other receivables note 5 57,725,792.00 56,918,019.48 Inventories note 6 2,100,666,175.28 2,141,320,373.67 Contract assets Held-for-sale assets Current portion of non-current assets Other current assets note 7 72,249,391.81 66,339,505.32 Total current assets 3,083,253,486.79 2,923,871,028.86 Non-current assets: Debt investments Other debt investments Long-term receivables Long-term equity investments note 8 51,862,607.30 58,182,086.90Investment in other equity instruments note 9 85,000.00 Other non-current financial assets Investment properties note 10 360,255,832.14 374,979,494.71 Fixed assets note 11 355,785,354.68 364,628,765.17 Construction in progress Productive biological assets Oil and gas assets Right-of-use assets note 12 109,452,481.64 110,330,512.03 Intangible assets note 13 31,664,380.77 33,200,218.63 Development expenditure Goodwill Long-term deferred expenses note 14 122,324,355.13 144,488,452.18Deferred tax assets note 15 80,227,771.46 95,784,611.94 Other non-current assets note 16 9,434,627.17 11,593,741.57 Total non-current assets 1,121,007,410.29 1,193,272,883.13 Total assets 4,204,260,897.08 4,117,143,911.99 (Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Consolidated Balance Sheet (Continued) As at 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Closing Balance of Liability and Equity Note V Closing Balance prior period Current liabilities: Short-term borrowings note 17 250,187,763.87 290,237,111.11 Financial liabilities held for trading Derivative financial liabilities Notes payable note 18 2,000,600.00 Accounts payable note 19 173,825,907.71 170,589,456.67 Payments received in advance note 20 10,267,758.31 16,960,128.83Contract liabilities note 21 12,286,243.62 16,844,437.47 Employee benefits payable note 22 120,084,810.60 136,587,939.38Tax payables note 23 64,188,161.31 60,770,168.30 Other payables note 24 121,937,801.07 165,060,122.58 Held-for-sale liabilities Current portion of non-current liabilities note 25 66,399,004.20 71,546,316.16Other current liabilities note 26 1,589,635.30 1,686,806.01 Total current liabilities 820,767,085.99 932,283,086.51 Non-current liabilities: Long-term borrowings Bonds payable Including: Preferred stock Including: Perpetual debt Lease liabilities note 27 43,526,352.52 41,642,561.58 Long-term payables Long-term employee benefits payable Provisions Deferred income note 28 952,785.69 1,295,926.80 Deferred tax liabilities note 15 5,208,920.69 5,498,844.95 Other non-current liabilities Total non-current liabilities 49,688,058.90 48,437,333.33 Total liabilities 870,455,144.89 980,720,419.84 Equity: Share capital note 29 415,219,970.00 417,627,960.00 Other equity instruments Including: Preferred stock Including: Perpetual debt Capital reserves note 30 990,159,033.17 1,007,086,643.48 Less: Treasury stock note 31 78,645,532.23 50,759,806.16 Other comprehensive income note 32 19,325,335.93 5,739,589.89Special reserves note 33 3,223,158.06 2,012,064.91 Surplus reserve note 34 275,010,401.50 275,010,401.50 Retained earnings note 35 1,709,513,385.76 1,479,706,638.53 Equity attributable to parent company 3,333,805,752.19 3,136,423,492.15Non-controlling interests Total shareholders' equity 3,333,805,752.19 3,136,423,492.15Total liabilities and shareholders' equity 4,204,260,897.08 4,117,143,911.99(Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Consolidated Statement of Comprehensive Income For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Items Note V Current Period Prior Period 1. Operating revenue note 36 4,569,690,002.99 4,354,096,880.36Less: Operating costs note 36 2,905,463,474.81 2,738,972,791.11Taxes and surcharges note 37 36,193,846.10 30,800,199.73 Selling expenses note 38 924,009,179.32 931,832,830.40 Administrative expenses note 39 205,359,277.24 219,014,508.52Research and development expenses note 40 57,802,244.08 61,088,585.61Finance expenses note 41 21,469,772.77 21,188,742.11 Including: Interest expenses 12,824,222.06 16,846,749.14 Interest income 5,722,586.39 3,923,999.48Add: Other income note 42 11,435,373.78 18,648,210.06 Income from investments note 43 -5,819,479.60 3,026,481.59 Including: Investment income from associates and joint ventures -5,819,479.60 3,026,481.59 Derecognition of financial assets at amortized costGains or losses from net exposure hedging Gains or losses from changes in fair values Credit impairment losses note 44 6,827,575.82 4,845,379.45 Impairment losses note 45 571,980.37 -37,625,482.96 Gains or losses from asset disposals note 46 685,868.57 91,925.062. Operating profit 433,093,527.61 340,185,736.08 Add: Non-operating income note 47 4,770,506.80 1,287,202.08 Less: Non-operating expenses note 48 859,770.10 2,351,266.313. Profit before tax 437,004,264.31 339,121,671.85 Less: Income tax note 49 103,826,161.94 72,440,220.01 4. Net profit 333,178,102.37 266,681,451.84 Including: Net profit realized before business combinations under common controlI. Net profit classified by going concern Net profit from continuing operations（"-" for net loss) 333,178,102.37 266,681,451.84Net profit from discontinuing operations（"-" for net loss) II. Net profit classified by ownership Net profit attributable to parent company 333,178,102.37 266,681,451.84Net profit attributable to non-controlling interests 5. Other comprehensive income after tax 13,585,746.04 13,397,936.29Other comprehensive income after tax attributable to parent 13,585,746.04 13,397,936.29I. Items of other comprehensive income that will not be reclassifiedi. Changes in remeasurement of defined benefit plans Other comprehensive income that cannot be transferred to profit orii. loss under the equity method iii. Changes in fair value of investments in equity instrumentsiv. Changes in fair value of the Company's own credit risk II. Items of other comprehensive income that will be reclassified to13,585,746.04 13,397,936.29 profit or loss Other comprehensive income that can be transferred to profit or lossi. under the equity method ii. Changes in fair value of other debt investments Amount of financial assets reclassified into other comprehensiveiii. income iv. Provisions for credit impairment of other debt investmentsThe effective portion of gains or losses arising from cash flowv. hedging Translation differences arising from financial statements in foreignvi. 13,585,746.04 13,397,936.29 currencies Other comprehensive income attributable to non-controlling interests after tax 6. Total comprehensive income 346,763,848.41 280,079,388.13 Total comprehensive income attributable to parent company 346,763,848.41 280,079,388.13Total comprehensive income attributable to non-controlling interests7. Earnings per share I. Basic earnings per share 0.8082 0.6398 II. Diluted earnings per share 0.8075 0.6398 (Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Consolidated Cash Flows Statement For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Items Note V Current Period Prior Period 1. Cash flows from operating activities Cash received from sales and services 5,025,883,440.00 4,910,473,741.41Tax and surcharge refunds 1,937,203.71 7,793,409.24 Other cash receipts related to operating activities note 50 68,179,211.21 79,656,853.28Total cash inflows from operating activities 5,095,999,854.92 4,997,924,003.93Cash paid for goods and services 3,155,385,386.12 3,266,497,299.47Cash paid to and for employees 624,495,756.20 659,058,385.84Taxes and surcharges paid 296,079,135.93 272,103,882.56 Other cash payments related to operating activities note 50 387,638,088.69 324,035,659.54Total cash outflows from operating activities 4,463,598,366.94 4,521,695,227.41Net cash flows from operating activities 632,401,487.98 476,228,776.522. Cash flows from investing activities Cash received from withdrawal of investments Cash received from investment income 500,000.00 Net proceeds from disposals of fixed assets, intangible assets and1,278,284.57 138,721.29 other long-term assets Net proceeds from disposal of subsidiaries and other business unitsOther cash receipts related to investing activities Total cash inflows from investing activities 1,778,284.57 138,721.29Cash paid for fixed assets, intangible assets and other long-term assets 91,104,776.03 114,090,573.97 Cash paid for investments Net cash paid for acquiring subsidiaries and other business unitsOther cash payments related to investing activities Total cash outflows from investing activities 91,104,776.03 114,090,573.97Net cash flows from investing activities -89,326,491.46 -113,951,852.683. Cash flows from financing activities Cash received from investments by others Including: Cash received by subsidiaries from non-controlling investorsCash received from borrowings 250,000,000.00 845,155,704.29 Other cash receipts related to other financing activities Total cash inflows from financing activities 250,000,000.00 845,155,704.29Cash repayments for debts 290,000,000.00 794,083,975.00 Cash paid for distribution of dividends and profit and for interest expenses 114,106,711.75 134,519,807.76 Including: Dividends or profit paid by subsidiaries to non-controllinginvestors Other cash payments related to financing activities note 50 198,056,975.77 177,477,740.46Total cash outflows from financing activities 602,163,687.52 1,106,081,523.22Net cash flows from financing activities -352,163,687.52 -260,925,818.934. Effect of changes in foreign exchange rates on cash and cash-20,544.93 2,132,547.59 equivalents 5. Net increase in cash and cash equivalents 190,890,764.07 103,483,652.50Add: Opening balance of cash and cash equivalents 313,738,389.64 210,254,737.146. Closing balance of cash and cash equivalents note 51 504,629,153.71 313,738,389.64(Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Consolidated Statement of Changes in Equity For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Items Current Period Equity attributable to parent company Non-controlling Total shareholders' Other comprehensive interests equity Share capital Capital reserves Less: Treasury stock Special reserves Surplus reserves Retained earnings income 1. Closing balance of prior year 417,627,960.00 1,007,086,643.48 50,759,806.16 5,739,589.89 2,012,064.91 275,010,401.50 1,479,706,638.53 3,136,423,492.15 Add: Increase/decrease due to changes in accounting policies Increase/decrease due to corrections of errors in prior period Business combination under common control Others 2. Opening balance of current year 417,627,960.00 1,007,086,643.48 50,759,806.16 5,739,589.89 2,012,064.91 275,010,401.50 1,479,706,638.53 3,136,423,492.15 3. Increase/decrease for current year -2,407,990.00 -16,927,610.31 27,885,726.07 13,585,746.04 1,211,093.15 229,806,747.23 197,382,260.04 I. Total comprehensive income 13,585,746.04 333,178,102.37 346,763,848.41II. Owner's contributions to and withdrawals of -2,407,990.00 -16,927,610.31 27,885,726.07 -47,221,326.38 capital i. Common stock contributed/paid-in capital by 64,340,669.42 -64,340,669.42 shareholders/owners ii. Capital contributed by other equity instruments holders iii. Share-based payments to owners' equity -2,407,990.00 -16,915,253.76 -36,454,943.35 17,131,699.59 iv. Others -12,356.55 -12,356.55 III. Profits distribution -103,371,355.14 -103,371,355.14 i. Appropriation of surplus reserve ii. Distribution to owners -103,371,355.14 -103,371,355.14 iii. Others IV. Transfers within owners' equity i. Capital reserves transferred to paid-in capital ii. Surplus reserve transferred to paid-in capital iii. Use of surplus reserve to cover previous losses iv. Changes in remeasurement of defined benefit plans transferred to retained earnings v. Other comprehensive income transferred to retained earnings vi. Others V. Special reserves 1,211,093.15 1,211,093.15 i. Appropriated during current year 1,537,825.22 1,537,825.22 ii. Used during current year -326,732.07 -326,732.07 VI. Others 4. Closing balance of current year 415,219,970.00 990,159,033.17 78,645,532.23 19,325,335.93 3,223,158.06 275,010,401.50 1,709,513,385.76 3,333,805,752.19 (Attached notes to statements are part of the consolidated financial statements)ConsolidateCodn Ssotatemelidatendt Sotatemef Channgt esof inC hEanqugityes in EquityFor the year ended 31F Doer tcheem ybeear 2r e0n2d3ed 31 December 2023(Unless otherPrwiespea inreddic bayte: dF, IYTtheA Pr curreecnisciyo ins T eexcphrensosloegdy i Cn Ro.,M LB)td. (Unless otherwise indicated, the currency is expressed in RMB) Items Prior Period Equity attributable to parent company Non-controlling Total shareholders' Other comprehensive interests equity Share capital Capital reserves Less: Treasury stock Special reserves Surplus reserves Retained earnings income 1. Closing balance of prior year 426,051,015.00 1,040,908,194.13 60,585,678.92 -7,658,346.40 1,062,731.13 275,010,401.50 1,338,444,326.09 3,013,232,642.53 Add: Increase/decrease due to changes in accounting policies Increase/decrease due to corrections of errors in prior period Business combination under common control Others 2. Opening balance of current year 426,051,015.00 1,040,908,194.13 60,585,678.92 -7,658,346.40 1,062,731.13 275,010,401.50 1,338,444,326.09 3,013,232,642.53 3. Increase/decrease for current year -8,423,055.00 -33,821,550.65 -9,825,872.76 13,397,936.29 949,333.78 141,262,312.44 123,190,849.62 I. Total comprehensive income 13,397,936.29 266,681,451.84 280,079,388.13II. Owner's contributions to and withdrawals of -8,423,055.00 -33,821,550.65 -9,825,872.76 -32,418,732.89 capital i. Common stock contributed/paid-in capital by -7,987,217.00 -42,265,614.88 -50,252,831.88 shareholders/owners ii. Capital contributed by other equity instruments holders iii. Share-based payments to owners' equity -435,838.00 8,459,107.40 -9,825,872.76 17,849,142.16 iv. Others -15,043.17 -15,043.17 III. Profits distribution -125,419,139.40 -125,419,139.40 i. Appropriation of surplus reserve ii. Distribution to owners -125,419,139.40 -125,419,139.40 iii. Others IV. Transfers within owners' equity i. Capital reserves transferred to paid-in capital ii. Surplus reserve transferred to paid-in capital iii. Use of surplus reserve to cover previous losses iv. Changes in remeasurement of defined benefit plans transferred to retained earnings v. Other comprehensive income transferred to retained earnings vi. Others V. Special reserves 949,333.78 949,333.78 i. Appropriated during current year 1,246,390.69 1,246,390.69 ii. Used during current year -297,056.91 -297,056.91 VI. Others 4. Closing balance of current year 417,627,960.00 1,007,086,643.48 50,759,806.16 5,739,589.89 2,012,064.91 275,010,401.50 1,479,706,638.53 3,136,423,492.15 (Attached notes to statements are part of the consolidated financial statements)Parent Company's Balance Sheet As at 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Assets Note XVI Closing Balance Closing Balance of prior periodCurrent assets: Monetary funds 308,230,255.35 274,691,023.16 Financial assets held for trading Derivative financial assets Notes receivable Accounts receivable note 1 1,822,916.61 603,216.03 Accounts receivable financing Prepayments Other receivables note 2 696,328,419.85 839,782,543.07 Inventories Contract assets Held-for-sale assets Current portion of non-current assets Other current assets 15,886,769.82 14,107,604.63 Total current assets 1,022,268,361.63 1,129,184,386.89 Non-current assets: Debt investments Other debt investments Long-term receivables Long-term equity investments note 3 1,633,041,716.11 1,552,310,486.50Investment in other equity instruments 85,000.00 Other non-current financial assets Investment properties 293,695,692.68 305,676,084.09 Fixed assets 207,209,890.94 209,495,642.59 Construction in progress Productive biological assets Oil and gas assets Right-of-use assets Intangible assets 23,460,211.70 23,522,355.93 Development expenditure Goodwill Long-term deferred expenses 4,795,846.73 8,240,653.62 Deferred tax assets 640,783.05 1,904,597.73 Other non-current assets 710,807.49 2,051,932.75 Total non-current assets 2,163,554,948.70 2,103,286,753.21 Total assets 3,185,823,310.33 3,232,471,140.10 (Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Parent Company's Balance Sheet (Continued) As at 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Liability and Equity Note XVI Closing Balance Closing Balance of prior period Current liabilities: Short-term borrowings 250,187,763.87 290,237,111.11 Financial liabilities held for trading Derivative financial liabilities Notes payable Accounts payable 2,285,657.88 1,048,201.41 Payments received in advance 10,267,758.31 16,960,128.83 Contract liabilities Employee benefits payable 25,886,702.67 27,139,007.97 Tax payables 3,322,241.54 778,299.01 Other payables 224,668,548.77 299,198,966.56 Held-for-sale liabilities Current portion of non-current liabilities Other current liabilities Total current liabilities 516,618,673.04 635,361,714.89 Non-current liabilities: Long-term borrowings Bonds payable Including: Preferred stock Including: Perpetual debt Lease liabilities Long-term payables Long-term employee benefits payable Provisions Deferred income 952,785.69 1,295,926.80 Deferred tax liabilities Other non-current liabilities Total non-current liabilities 952,785.69 1,295,926.80 Total liabilities 517,571,458.73 636,657,641.69 Equity: Share capital 415,219,970.00 417,627,960.00 Other equity instruments Including: Preferred stock Including: Perpetual debt Capital reserves 993,037,528.98 1,010,917,776.19 Less: Treasury stock 78,645,532.23 50,759,806.16 Other comprehensive income Special reserves Surplus reserve 275,010,401.50 275,010,401.50 Retained earnings 1,063,629,483.35 943,017,166.88 Total owners' equity 2,668,251,851.60 2,595,813,498.41 Total liabilities and owners' equity 3,185,823,310.33 3,232,471,140.10(Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Parent Company's Statement of Comprehensive Income For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Items Note XVI Current Period Prior Period 1. Operating revenue note 4 180,874,926.74 155,284,801.05 Less: Operating costs note 4 49,729,440.87 41,765,441.70 Taxes and surcharges 7,815,174.54 5,984,017.16 Selling expenses 16,395,826.35 4,340,253.59 Administrative expenses 53,755,060.51 64,698,540.45 Research and development expenses 12,959,491.24 16,464,924.76Finance expenses -947,061.34 -1,030,335.57 Including: Interest expenses 2,405,575.67 3,264,769.63 Interest income 4,460,371.04 3,699,364.22 Add: Other income 1,097,603.80 1,221,085.39 Income from investments note 5 192,180,520.40 243,622,178.29Including: Investment income from associates and joint ventures -5,819,479.60 3,026,481.59 Derecognition of financial assets at amortized cost Gains or losses from net exposure hedging Gains or losses from changes in fair values Credit impairment losses -104,859.73 108,040.61 Impairment losses Gains or losses from asset disposals 635,033.80 -14,615.44 2. Operating profit 234,975,292.84 267,998,647.81 Add: Non-operating income 8,037.20 191,981.02 Less: Non-operating expenses 312,375.33 21,262.34 3. Profit before tax 234,670,954.71 268,169,366.49 Less: Income tax 10,687,283.10 6,174,714.67 4. Net profit 223,983,671.61 261,994,651.82 Net profit from continuing operations（"-" for net loss) 223,983,671.61 261,994,651.82Net profit from discontinuing operations（"-" for net loss) 5. Other comprehensive income after tax I. Items of other comprehensive income that will not be reclassified to profitor loss i. Changes in remeasurement of defined benefit plans Other comprehensive income that cannot be transferred to profit or loss underii. the equity method iii. Changes in fair value of investments in equity instrumentsiv. Changes in fair value of the Company's own credit risk II. Items of other comprehensive income that will be reclassified to profit orloss Other comprehensive income that can be transferred to profit or loss underi. the equity method ii. Changes in fair value of other debt investments iii. Amount of financial assets reclassified into other comprehensive incomeiv. Provisions for credit impairment of other debt investmentsv. The effective portion of gains or losses arising from cash flow hedgingvi. Translation differences arising from financial statements in foreign currencies6. Total comprehensive income 223,983,671.61 261,994,651.82 (Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Parent Company's Cash Flows Statement For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Items Note XVI Current Period Prior Period 1. Cash flows from operating activities Cash received from sales and services 189,464,980.58 166,402,067.64Tax and surcharge refunds 7,647.56 Other cash receipts related to operating activities 4,225,525,553.06 4,309,971,160.78Total cash inflows from operating activities 4,414,990,533.64 4,476,380,875.98Cash paid for goods and services 9,573,850.00 Cash paid to and for employees 61,402,333.15 59,513,788.17 Taxes and surcharges paid 20,428,198.75 20,686,403.89 Other cash payments related to operating activities 4,154,707,540.94 4,383,872,472.45Total cash outflows from operating activities 4,246,111,922.84 4,464,072,664.51Net cash flows from operating activities 168,878,610.80 12,308,211.472. Cash flows from investing activities Cash received from withdrawal of investments Cash received from investment income 198,500,000.00 240,595,696.70Net proceeds from disposals of fixed assets, intangible assets and other long-term assets 1,146,737.46 3,973,887.69 Net proceeds from disposal of subsidiaries and other business unitsOther cash receipts related to investing activities Total cash inflows from investing activities 199,646,737.46 244,569,584.39Cash paid for fixed assets, intangible assets and other long-term assets 7,686,801.71 5,810,205.37Cash paid for investments 90,000,000.00 Net cash paid for acquiring subsidiaries and other business unitsOther cash payments related to investing activities Total cash outflows from investing activities 97,686,801.71 5,810,205.37Net cash flows from investing activities 101,959,935.75 238,759,379.023. Cash flows from financing activities Cash received from investments by others Cash received from borrowings 250,000,000.00 830,000,000.00 Other cash receipts related to other financing activities Total cash inflows from financing activities 250,000,000.00 830,000,000.00Cash repayments for debts 290,000,000.00 790,000,000.00 Cash paid for distribution of dividends and profit and for interest expenses 114,106,711.75 134,389,016.01 Other cash payments related to financing activities 83,148,230.83 53,390,338.09Total cash outflows from financing activities 487,254,942.58 977,779,354.10Net cash flows from financing activities -237,254,942.58 -147,779,354.104. Effect of changes in foreign exchange rates on cash and cash equivalents -44,371.78 380,393.855. Net increase in cash and cash equivalents 33,539,232.19 103,668,630.24Add: Opening balance of cash and cash equivalents 274,691,023.16 171,022,392.926. Closing balance of cash and cash equivalents 308,230,255.35 274,691,023.16(Attached notes to statements are part of the consolidated financial statements)Legal Representative: Finance Officer (CFO): Financial Manager: Parent Company's Statement of Changes in Equity For the year ended 31 December 2023 Prepared by: FIYTA Precision Technology Co., Ltd. (Unless otherwise indicated, the currency is expressed in RMB) Current Period Items Other comprehensive Total shareholders' Share capital Capital reserves Less: Treasury stock Special reserves Surplus reserves Retained earnings income equity 1. Closing balance of last year 417,627,960.00 1,010,917,776.19 50,759,806.16 275,010,401.50 943,017,166.88 2,595,813,498.41 Add: Increase/decrease due to changes in accounting policies Increase/decrease due to corrections of errors in prior period Others 2. Opening balance of current year 417,627,960.00 1,010,917,776.19 50,759,806.16 275,010,401.50 943,017,166.88 2,595,813,498.41 3. Increase/decrease for current year -2,407,990.00 -17,880,247.21 27,885,726.07 120,612,316.47 72,438,353.19 I. Total comprehensive income 223,983,671.61 223,983,671.61 II. Owner's contributions to and withdrawals of -2,407,990.00 -17,880,247.21 27,885,726.07 -48,173,963.28 capital i. Common stock contributed/paid-in capital by 64,340,669.42 -64,340,669.42 shareholders/owners ii. Capital contributed by other equity instruments holders iii. Share-based payments to owners' equity -2,407,990.00 -17,867,890.66 -36,454,943.35 16,179,062.69 iv. Others -12,356.55 -12,356.55 III. Profits distribution -103,371,355.14 -103,371,355.14 i. Appropriation of surplus reserve ii. Distribution to owners -103,371,355.14 -103,371,355.14 iii. Others IV. Transfers within owners' equity i. Capital reserves transferred to paid-in capital ii. Surplus reserve transferred to paid-in capital iii. Use of surplus reserve to cover previous losses iv. Changes in remeasurement of defined benefit plans transferred to retained earnings v. Other comprehensive income transferred to retained earnings vi. Others V. Special reserves i. Appropriated during current year ii. Used during current year VI. Others 4. Closing balance of current year 415,219,970.00 993,037,528.98 78,645,532.23 275,010,401.50 1,063,629,483.35 2,668,251,851.60 (Attached notes to statements are part of the consolidated financial statements)Parent Company's Statement of Changes in Equity Parent Company's Statement of Changes in Equity For the year ended 31 FoDer cethme byeear r2 e0n2d3ed 31 December 2023(Unless otherwiPsere pinadreicad btey:d ,FI thYeTA cu Prrerencisicy ois ne Texpchressenolodg iy n CoRM.,B L)td. (Unless otherwise indicated, the currency is expressed in RMB) Prior Period Items Other comprehensive Total shareholders' Share capital Capital reserves Less: Treasury stock Special reserves Surplus reserves Retained earnings income equity 1. Closing balance of last year 426,051,015.00 1,045,449,410.67 60,585,678.92 275,010,401.50 806,441,654.46 2,492,366,802.71 Add: Increase/decrease due to changes in accounting policies Increase/decrease due to corrections of errors in prior period Others 2. Opening balance of current year 426,051,015.00 1,045,449,410.67 60,585,678.92 275,010,401.50 806,441,654.46 2,492,366,802.71 3. Increase/decrease for current year -8,423,055.00 -34,531,634.48 -9,825,872.76 136,575,512.42 103,446,695.70 I. Total comprehensive income 261,994,651.82 261,994,651.82 II. Owner's contributions to and withdrawals of -8,423,055.00 -34,531,634.48 -9,825,872.76 -33,128,816.72 capital i. Common stock contributed/paid-in capital by -7,987,217.00 -42,265,614.88 -50,252,831.88 shareholders/owners ii. Capital contributed by other equity instruments holders iii. Share-based payments to owners' equity -435,838.00 7,749,023.57 -9,825,872.76 17,139,058.33 iv. Others -15,043.17 -15,043.17 III. Profits distribution -125,419,139.40 -125,419,139.40 i. Appropriation of surplus reserve ii. Distribution to owners -125,419,139.40 -125,419,139.40 iii. Others IV. Transfers within owners' equity i. Capital reserves transferred to paid-in capital ii. Surplus reserve transferred to paid-in capital iii. Use of surplus reserve to cover previous losses iv. Changes in remeasurement of defined benefit plans transferred to retained earnings v. Other comprehensive income transferred to retained earnings（未完）  |