[一季报]飞亚达B(200026):2024年第一季度报告(英文)

时间:2024年04月24日 23:51:34 中财网

原标题:飞亚达B:2024年第一季度报告(英文)

Stock codes: 000026, 200026 Stock abbreviations: FIYTA, FIYTA B Announcement No.: 2024-019 FIYTA Precision Technology Co., Ltd.
Q1 2024 Report
The Company and the Board of Directors ensure that the information disclosed is truthful, accurate, and complete, with no false records, misleading statements, or significant omissions.Key content tips:
1. The Board of Directors, the Board of Supervisors, and the directors, supervisors, and senior management
guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading
statements, or significant omissions, and bear individual and joint legal responsibility. 2. The person in charge of the Company, the CFO, and the Financial Manager (Accounting Supervisor) declare to
ensure that the financial information in the quarterly report is truthful, accurate, and complete. 3. Whether the Q1 report has been audited
No

I. Key Financial Data
(I) Main accounting data and financial indicators
Does the Company need to retrospectively adjust or restate previous years' accounting data?
 The current reporting periodSame period last yearChange in the current reporting period compared to the same period last year
Operating revenue (RMB)1,065,150,876.001,200,095,568.76-11.24%
Net profit attributable to shareholders of the listed company (RMB)75,499,096.30103,189,489.23-26.83%
Net profit attributable to shareholders of the listed company excluding non- recurring gains and losses (RMB)69,755,955.8895,484,229.79-26.95%
Net cash flow from operating activities (RMB)-964,281.2080,169,964.00-101.20%
Basic earnings per share (RMB/share)0.18280.2505-27.03%
Diluted earnings per share (RMB/share)0.18250.2505-27.15%
Weighted average return on equity2.24%3.23%-0.99%
 End of the current reporting periodEnd of the previous yearChange at the end of the current reporting period compared to the end of the previous year
Total assets (RMB)4,136,305,356.144,204,260,897.08-1.62%
Owner's equity attributable to shareholders of the listed company (RMB)3,403,636,152.703,333,805,752.192.09%
(II) Non-recurring gains and losses items and amounts

ItemAmount for the current reporting periodExplanation
Loss/gain on disposal of non-current assets (including reversal of provision for asset impairment)2,949,209.65 
Government grants recognized in current profit and loss (excluding those closely related to the Company's normal operations, in compliance with national policies, entitled in accordance with set standards, and having a sustained impact on the Company's profit and loss)1,066,372.66 
Reversal of provision for impairment3,194,562.55 
of receivables subject to individual impairment testing  
Other operating incomes and expenses excluding the above items320,045.62 
Less: Income tax impact1,787,050.06 
Total5,743,140.42--
Specific circumstances of other items that meet the definition of non-recurring gains and losses Not applicable
Explanation of circumstances where items listed as non-recurring gains and losses in Explanatory Announcement No.
1 on Information Disclosure of Companies Issuing Securities Publicly - Non-recurring Gains and Losses are classified
as recurring
Not applicable
(III) Changes in main accounting data and financial indicators and reasons 1. Consolidated Balance sheet items

ItemEnding balanceBeginning balanceChange ratioReason for change
Prepayments (RMB)12,091,024.866,571,239.9884.00%Mainly due to an increase in prepayments for branded watches and movements during the reporting period.
Other current assets (RMB)48,674,518.6172,249,391.81-32.63%Mainly due to a decrease in input VAT to be credited during the reporting period.
Contract liabilities (RMB)18,783,506.4212,286,243.6252.88%Mainly due to an increase in advance receipts for the watch business during the reporting period.
Accrued payroll (RMB)67,971,231.21120,084,810.60-43.40%Mainly due to the payment of year-end bonuses during the reporting period.
2. Consolidated cash flow statement items

ItemCurrent amount incurredAmount incurred in the previous periodChange ratioReason for change
Net cash flow from operating activities (RMB)-964,281.2080,169,964.00-101.20%Mainly due to decrease in sales revenue leading to decrease in cash receipts.
II. Shareholder Information
(I) Total number of common shareholders and number of preferred shareholders with restored voting rights, and the top ten shareholders' shareholding details Unit: Shares

Total number of common shareholders at the end of the reporting period28,557Total number of preferred shareholders with restored voting rights at the end of the reporting period (if any)0   
Top ten shareholders' shareholding details (excluding shares lent through refinancing)      
Shareholder nameNature of shareholderShare holdin g ratioNumber of shares heldNumber of restricted shares heldPledge, marking or freezing 
     Status of sharesQuantity
AVIC International Holding Co., Ltd.State-owned legal person39.25 %162,977,3270Not applicable0
#Wu JilinDomestic natural person4.10%17,043,8270Not applicable0
Xu GuoliangDomestic natural person1.60%6,623,1680Not applicable0
Qiu HongDomestic natural person0.60%2,510,0000Not applicable0
#Zhu RuiDomestic natural person0.47%1,969,1000Not applicable0
#Qu YongjieDomestic natural person0.32%1,330,0000Not applicable0
#Ge ZhongweiDomestic natural person0.29%1,195,7000Not applicable0
Chen HaoDomestic natural person0.27%1,101,6430Not applicable0
Industrial and Commercial Bank of China Ltd. - GF CSI State-owned Enterprises Innovation Shareholder Return ETFOther0.26%1,065,8000Not applicable0
#Zhu XianDomestic natural person0.25%1,032,5400Not applicable0
Top 10 unrestricted shareholders      
Shareholder nameNumber of unrestricted shares heldType of shares    
  Type of sharesQuantity   
Aviation Industry International Holdings Co., Ltd.162,977,327RMB ordinary shares162,977,327   
#Wu Jilin17,043,827RMB ordinary shares17,043,827   
Xu Guoliang6,623,168RMB ordinary shares6,623,168   
Qiu Hong2,510,000RMB ordinary shares2,510,000   
#Zhu Rui1,969,100RMB ordinary shares1,969,100   
#Qu Yongjie1,330,000RMB ordinary shares1,330,000   
#Ge Zhongwei1,195,700RMB ordinary shares1,195,700   
Chen Hao1,101,643RMB ordinary shares1,101,643   
Industrial and Commercial Bank of China Co., Ltd. - GF China Reform State-owned Enterprises Shareholder Return ETF1,065,800RMB ordinary shares1,065,800   
#Zhu Xian1,032,540RMB ordinary shares1,032,540   

Explanation of the aforementioned shareholders' association or concerted actionThe Company is unaware of whether the aforementioned 10 shareholders are related or constitute concerted actors.
Explanation of the top 10 shareholders' participation in securities margin trading (if any)1. Shareholder Wu Jilin holds 10,363,377 shares through a regular securities account and 6,680,450 shares through a margin trading collateral securities account, totaling 17,043,827 shares; 2. Shareholder Zhu Rui holds 217,100 shares through a regular securities account and 1,752,000 shares through a margin trading collateral securities account, totaling 1,969,100 shares; 3. Shareholder Qu Yongjie holds 59,000 shares through a regular securities account and 1,271,000 shares through a margin trading collateral securities account, totaling 1,330,000 shares; 4. Shareholder Ge Zhongwei holds 695,700 shares through a regular securities account and 500,000 shares through a margin trading collateral securities account, totaling 1,195,700 shares; 5. Shareholder Zhu Xian holds 25,000 shares through a regular securities account and 1,007,540 shares through a margin trading collateral securities account, totaling 1,032,540 shares.
Note: The Company's B-share repurchase account 'Special Securities Account for Repurchase of FIYTA Precision
Technology Co., Ltd.' held 9,355,763 ordinary shares at the end of the reporting period, accounting for 2.25% of the
shares, mainly due to the Company's ongoing B-share repurchase. According to regulations, this repurchase account
is not included in the list of the top 10 shareholders.
Participation of shareholders holding more than 5%, the top 10 shareholders, and the top 10 shareholders of unlimited
outstanding shares in securities margin trading
Not applicable
Changes in the top 10 shareholders, and the top 10 shareholders of unlimited outstanding shares due to securities
margin trading compared to the previous period
Not applicable
(II) Total number of preferred shareholders and the top 10 preferred shareholders' holdings Not applicable
III. Other Important Matters
1. Matters related to the 2018 A-share Restricted Stock Incentive Plan (Phase II) Due to the resignation of one of the original incentive recipients of the 2018 A-share Restricted Stock Incentive
Plan (Phase II), the Company's 18th meeting of the 10th Board of Directors and 2023 Annual General Meeting of
Shareholders approved the repurchase and cancellation of 10,020 A-share restricted stocks that had been granted to
the above person but not yet lifted from restriction, and the creditors were notified as required. For details, please refer
to the announcements disclosed by the Company on the CNINFO website on March 14, 2024, and April 19, 2024,
titled Announcement on the Repurchase and Cancellation of Part of the Restricted Stocks in the 2018 A-share
Restricted Stock Incentive Plan (Phase II) (2024-012) and Announcement on the Notification to Creditors Regarding
the Repurchase and Cancellation of Part of the Restricted Stocks and Reduction of Registered Capital (2024-017).
2. Matters related to the repurchase of a portion of domestic listed foreign shares (B-shares) The Company's 11th meeting of the 10th Board of Directors and the 2022 Annual General Meeting of Shareholders approved the Plan for the Repurchase of a Portion of Domestic Listed Foreign Shares (B-shares), and
subsequently disclosed the repurchase report and a series of progress announcements in accordance with relevant
dedicated securities account via centralized bidding, with a total payment of HKD 70,401,771.17 (excluding transaction
fees). For detailed information, please refer to the relevant progress announcements disclosed on the CNINFO
network by the Company.
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: FIYTA Precision Technology Co., Ltd.
As of March 31, 2024

ItemEnding balanceBeginning balance
Current assets:  
Monetary funds429,133,282.84504,629,153.71
Settlement reserve funds  
Lent funds  
Trading financial assets  
Derivative financial assets  
Notes receivable20,594,022.6518,268,972.37
Accounts receivable354,145,988.29323,142,761.64
Financing receivables  
Prepayments12,091,024.866,571,239.98
Premiums receivables  
Reinsurance receivables  
Reinsurance contract reserves receivable  
Other receivables60,537,703.5957,725,792.00
Including: Interest receivable  
Dividends receivable  
Redemptory monetary capital for sale  
Inventories2,105,364,158.132,100,666,175.28
Including: Data resources  
Contractual assets  
Held-for-sale assets  
Non-current assets due within one year  
Other current assets48,674,518.6172,249,391.81
Total current assets3,030,540,698.973,083,253,486.79
Non-current assets:  
Loans and advances granted  
Creditor's rights investments  
Other creditor's rights investments  
Long-term receivables  
Long-term equity investments51,862,607.3051,862,607.30
Other equity instrument investments  
Other non-current financial assets  
Investment properties356,332,335.03360,255,832.14
Fixed assets350,300,461.08355,785,354.68
Construction in progress  
Productive biological assets  
Oil and gas assets  
Right-of-use assets117,158,264.76109,452,481.64
Intangible assets30,943,165.3231,664,380.77
Including: Data resources  
Development expenditure  
Including: Data resources  
Goodwill  
Long-term deferred and prepaid expenses117,584,444.96122,324,355.13
Deferred income tax assets76,660,088.0480,227,771.46
Other non-current assets4,923,290.689,434,627.17
Total non-current assets1,105,764,657.171,121,007,410.29
Total assets4,136,305,356.144,204,260,897.08
Current liabilities:  
Short-term borrowings220,161,455.54250,187,763.87
Borrowings from central bank  
Borrowed funds  
Trading financial liabilities  
Derivative financial liabilities  
Notes payable  
Accounts payable125,762,415.94173,825,907.71
Advance receipts10,666,111.7110,267,758.31
Contract liabilities18,783,506.4212,286,243.62
Sale of repurchase financial assets  
Deposits received and interbank placements  
Securities trading on behalf of clients  
Securities underwriting on behalf of clients  
Accrued payroll67,971,231.21120,084,810.60
Taxes payable46,708,918.0164,188,161.31
Other payables116,997,760.78121,937,801.07
Including: Interest payable  
Dividends payable2,058,352.242,058,352.24
Commissions and charges payable  
Reinsurance payables  
Held-for-sale liabilities  
Non-current liabilities due within one year73,110,348.0566,399,004.20
Other current liabilities2,200,377.151,589,635.30
Total current liabilities682,362,124.81820,767,085.99
Non-current liabilities:  
Insurance contract reserves  
Long-term borrowings  
Bonds payable  
Including: preferred stock  
Perpetual bonds  
Lease liabilities43,953,095.2443,526,352.52
Long-term payables  
Long-term payroll payable  
Accrued liabilities  
Deferred income952,785.69952,785.69
Deferred income tax liabilities5,401,197.705,208,920.69
Other non-current liabilities  
Total non-current liabilities50,307,078.6349,688,058.90
Total liabilities732,669,203.44870,455,144.89
Owners' equity:  
Share capital415,219,970.00415,219,970.00
Other equity instruments  
Including: preferred stock  
Perpetual bonds  
Capital reserve990,648,535.27990,159,033.17
Less: Treasury stock78,645,532.2378,645,532.23
Other comprehensive incomes12,860,627.9119,325,335.93
Special reserve3,529,668.193,223,158.06
Surplus reserve275,010,401.50275,010,401.50
General risk provision  
Undistributed profits1,785,012,482.061,709,513,385.76
Total owners' equity attributable to the parent company3,403,636,152.703,333,805,752.19
Minority equity  
Total owners' equity3,403,636,152.703,333,805,752.19
Total liabilities and owners' equity4,136,305,356.144,204,260,897.08
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui 2. Consolidated income statement
Unit: RMB

ItemAmount in the current periodAmount in the previous period
I. Total operating revenue1,065,150,876.001,200,095,568.76
Including: Operating revenue1,065,150,876.001,200,095,568.76
Interest income  
Earned premiums  
Charge and commission income  
II. Total operating costs974,432,726.281,070,094,479.27
Including: Operating costs678,091,040.35767,722,882.96
Interest expenses  
Charge and commission expenses  
Surrender value  
Net payments for insurance claims  
Net change in insurance contract reserves  
Policyholder dividend expenses  
Reinsurance expenses  
Taxes and surcharges6,383,389.417,087,405.97
Sales expenses225,628,850.97228,113,224.28
Management expenses45,467,020.5048,007,102.03
Research and development expenses14,435,086.7813,175,703.59
Financial expenses4,427,338.275,988,160.44
Including: Interest2,503,202.832,990,967.60
expenses  
Interest income1,021,252.43873,024.53
Plus: Other income1,740,510.642,825,263.25
Investment income (losses indicated with "-")  
Including: Income from investments in associates and joint ventures  
Income from derecognition of financial assets measured at amortized cost  
Foreign exchange gains (losses indicated with "-")  
Net exposure hedging gains (losses indicated with "-")  
Gains on changes in fair value (losses indicated with "-")  
Impairment loss on credit (losses indicated with "-")2,979,316.13-240,194.86
Impairment loss on assets (losses indicated with "-")  
Gain on disposal of assets (losses indicated with "-")2,949,209.65-73,523.67
III. Operating profit (losses indicated with "-")98,387,186.14132,512,634.21
Plus: Non-operating income340,407.61480,647.98
Less: Non-operating expenses20,361.99221,408.98
IV. Total profit (total losses indicated with "-")98,707,231.76132,771,873.21
Less: Income tax expense23,208,135.4629,582,383.98
V. Net profit (net losses indicated with "-")75,499,096.30103,189,489.23
(I) Classified by business continuity  
1. Net profit from continuing operations (net loss indicated with "- ")75,499,096.30103,189,489.23
2. Net profit from discontinued operations (net loss indicated with "- ")  
(II) Classified by ownership  
1. Net profit attributable to owners of the parent company75,499,096.30103,189,489.23
2. Minority shareholders' gains and losses  
VI. Net amount of other comprehensive income after tax-6,464,708.02-2,489,066.77
Net amount of other comprehensive income after tax attributable to owners of the parent company-6,464,708.02-2,489,066.77
(I) Other comprehensive income not to be reclassified to profit or loss  
1. Changes in remeasurement of defined benefit plan  
2. Other comprehensive income from equity investments not to be reclassified to profit or loss  
3. Changes in fair value of other equity instrument investments  
4. Changes in fair value due to own credit risk  
5. Others  
(II) Other comprehensive income to be reclassified to profit or loss-6,464,708.02-2,489,066.77
1. Other comprehensive income from equity investments to be reclassified to profit or loss  
2. Changes in fair value of other creditor's rights investments  
3. Amounts reclassified to other comprehensive income from reclassification of financial assets  
4. Credit impairment provisions for other creditor's rights investments  
5. Cash flow hedge reserves  
6. Translation difference in foreign currency financial statements-6,464,708.02-2,489,066.77
7. Other  
Net amount of other comprehensive income after tax attributable to minority shareholders  
VII. Total comprehensive income69,034,388.28100,700,422.46
Total comprehensive income attributable to owners of the parent company69,034,388.28100,700,422.46
Total comprehensive income attributable to minority shareholders  
VIII. Earnings per share:  
(I) Basic earnings per share0.18280.2505
(II) Diluted earnings per share0.18250.2505
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui 3. Consolidated cash flow statement

ItemAmount in the current periodAmount in the previous period
I. Cash flows from operating activities:  
Cash received from sales of goods and rendering of services1,147,315,290.571,268,572,542.49
Net increase in customer deposits and interbank placements  
Net increase in borrowings from the central bank  
Net increase in funds borrowed from other financial institutions  
Cash received from premiums of original insurance contracts  
Net cash received from reinsurance business  
Net increase in policyholder deposits and investment funds  
Cash received from interest, charges, and commissions  
Net increase in borrowed funds  
Net increase in cash from repurchase transactions  
Net cash received from securities brokerage  
Tax refunds837,925.87612,797.28
Cash received from other operating activities10,555,854.8814,811,953.04
Subtotal of cash inflows from operating activities1,158,709,071.321,283,997,292.81
Cash paid for goods and services809,254,741.34848,501,717.56
Net increase in loans and advances to customers  
Net increase in deposits with central bank and other banks  
Cash paid for claims under original insurance contracts  
Net increase in lent funds  
Cash paid for interest, charges, and commissions  
Cash paid for policy dividends  
Cash paid to employees and for employees199,231,956.37197,287,320.08
Taxes paid70,531,590.4069,642,205.23
Other cash payments related to operating activities80,655,064.4188,396,085.94
Subtotal of cash outflows from operating activities1,159,673,352.521,203,827,328.81
Net cash flow from operating activities-964,281.2080,169,964.00
II. Cash flows from investment activities:  
Cash received from investment recovery  
Cash received from investment income  
Net cash received from disposal of fixed assets, intangible assets, and other long-term assets4,740,975.47858.16
Net cash received from disposal of subsidiaries and other business units  
Cash received related to other investment activities  
Subtotal of cash inflows from investment activities4,740,975.47858.16
Cash paid for acquisition of fixed assets, intangible assets, and other long-term assets19,071,569.9113,729,006.77
Cash paid for investments  
Net increase in pledged loans  
Net cash paid for acquisition of subsidiaries and other business units  
Cash paid related to other investment activities  
Subtotal of cash outflows from investment activities19,071,569.9113,729,006.77
Net cash flow from investment activities-14,330,594.44-13,728,148.61
III. Cash flows from financing activities:  
Cash received from capital contributions  
Including: Cash received from minority shareholders' investments in subsidiaries  
Cash received from borrowings120,000,000.00150,000,000.00
Cash received from other financing activities  
Subtotal of cash inflows from financing activities120,000,000.00150,000,000.00
Cash paid for debt repayment150,000,000.00150,000,000.00
Cash paid for dividends and profits distribution, or interest payments1,442,427.784,779,458.02
Including: Dividends or profits paid to minority shareholders of subsidiaries  
Cash paid for other financing activities28,716,692.9726,933,476.33
Subtotal of cash outflows from financing activities180,159,120.75181,712,934.35
Net cash flow from financing activities-60,159,120.75-31,712,934.35
IV. Effect of exchange rate changes on cash and cash equivalents-41,874.48-380,351.54
V. Net increase in cash and cash equivalents-75,495,870.8734,348,529.50
Plus: Beginning balance of cash and cash equivalents504,629,153.71313,747,463.64
VI. Ending balance of cash and cash equivalents429,133,282.84348,095,993.14
Legal Representative: Zhang Xuhua CFO: Song Yaoming Financial Manager: Tian Hui (II) Adjustment of items related to the financial statements at the beginning of the year when the new accounting standards are implemented for the first time since 2024 (未完)
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