飞亚达Ｂ：第三季度报告正文（英文版） .ppt

FIYTA Holdings Ltd.,2012 3rd Quarterly Report,Summary,Stock Code:200026,Short form of the Stock:FIYTA B,Announcement No:2012032,FIYTA Holdings Ltd.2012 3rd Quarterly ReportI.Important NoticeThe Board of Directors,the Supervisory Committee,directors,supervisors and senior executives herebyindividually and collectively accept responsibility for the correctness,accuracy and completeness of thecontents of this report and confirm that there are no material omissions or errors which would render anystatement misleading.All the directors attended the board meeting for reviewing this quarterly report.Mr.Lai Weixuan,the Company leader,Mr.Li Dehua,the Accounting Principal chief financial officer and theMr.Hu Xinglong,the person in charge of the accounting department(the person in charge of theaccounting)hereby confirm the authenticity and completeness of the financial report enclosed in thisquarterly report.II.Company Profile(I)Financial and Business HighlightsHas backward adjustment been made in the financial statements in the previous period?Yes No InapplicableIncrease/decreaseof the reporting,Sep.30,2012,Dec.31,2011,period vs the sameperiod of theprevious year(%),Before adjustment,After adjustment,After adjustment,Total assets in CNY,3,387,313,731.22,2,895,775,774.19,3,061,600,094.74,10.64%,Owners equity,attributable to theCompanys shareholders,1,423,681,184.36,1,391,003,807.94,1,425,864,692.45,-0.15%,in CNY,Share capital,in shares,392,767,870.00,392,767,870,392,767,870.00,0%,Net profit attributable to,the Companys,3.6247,3.5415,3.6303,-0.15%,shareholders,in CNY,Year-on-year,Year-on-year,Jul.Sep.,2012,increase/decrease(%),Jul.Sep.,2012,increase/decrease(%),Total revenues,in CNYNet profit attributable to,779,096,852.2829,406,087.04,21.38%-37.16%,2,262,852,663.6494,695,504.66,20.76%-24.82%,1,-,-,FIYTA Holdings Ltd.the Companysshareholders,in CNYNet cash flows arising,2012 3rd Quarterly Report,Summary,from operating activities,in CNYNet cash flows arising,-53,523,976.61,-79.74%,from operating activities,-,-,-0.14,-79.74%,per share,in CNY,Basic earning per share(CNY/share)Diluted earning per share(CNY/share)Net assets-income ratio,weighted average,(%),0.07490.07491.94%,-37.16%-37.16%-1.36%,0.24110.24116.57%,-24.82%-24.82%-2.72%,Net assets-income ratio,less the non-recurringgains and loss,weighted,1.93%,-1.51%,6.61%,-3.43%,(%)Deducting non-recurring gains/losses and the amount involved Applicable InapplicableAmount from year,2,ItemsGain/loss from disposal of non-current assetsTax rebate or reduction with approval byoverstepping authority,or without formal approvaldocumentGovernment subsidy recognized in current gain andloss(excluding those closely related to theCompanys business and granted under the statespolicies according to certain quota of amount orvolume)Fund occupancy consideration received fromnon-financial institution counted to the current gainsand lossesIncome from the costs of the investments in thesubsidiaries,associates and joint ventures asacquired less than the fair value of the enjoyablerecognizable net assets of the investees at the timeof investment acquiredExchange gain/loss from non-monetary assetsGain/loss from entrusted investment or assetmanagementProvision for impairment of various assets arisingfrom force majeure,such as natural disasterGains and losses from debts reorganizationEnterprise reorganization fee,such as expenses forarrangement for employees,integration fee,etc.Gains/losses exceeding the fair value arising fromtransactions with obviously unfair pricesNet gain and loss of the subsidiary under thecommon control and produced from enterpriseconsolidation from the beginning of the period to theconsolidation dateGain and loss arising from contingent mattersirrelevant with the Companys normal operation,beginning to theend of the reportingperiod in CNY12,649.08650,446.00-2,130,265.54,Notes,FIYTA Holdings Ltd.businessGain and loss from change of the fair value arisingfrom transactional monetary assets,transactionalfinancial liabilities as held as well as the investmentincome arising from disposal of the transactionalmonetary assets,transactional financial liabilities andfinancial assets available for sale excluding theeffective hedging transaction in connection with theCompanys normal businessReverse of the provision for impairment of accountsreceivable undergoing impairment test individuallyGain/loss from external entrustd loanGain and loss arising from change in the fair value ofthe investment based real estate measuredafterwards by means of fair value modelInfluence upon the current gains and losses from theonce-and-for-all adjustment over the current gainsand losses according to the taxation and accountinglaws and regulationsIncome from custodian charge obtained fromentrusted operationOperating income and expenses other than theaforesaid itemsOther gains/losses in compliance with the definitionof non-recurring gain/lossAmount influencing the minority shareholders equityAmount influencing the income tax,2012 3rd Quarterly Report,Summary1,280,695.39-481,249.88,Total,-667,724.95,-,Note to the“gains and losses in compliance with the definition of non-recurring gains and losses”as wellas the Company in defining the“non-recurring gains and losses based on the nature and characteristicsof its own main business as the recurring gainses and losses.,Items,Amount involved,inCNY,Note,-(II)Total Shareholders and the Statement of the Shares Held by Top Ten Shareholders,Total shareholders at theend of teh reporting periodFloating Shares without Trading Limited Conditions Held by the Top Ten Shareholders,23,550,Number of floating shares,Categories and Quantity of Shares,Names of Shareholders,without trading limitedconditions held at the end,China Construction Bank,of the reporting period,Categories,Quantity,Huaxia Superiority GrowthStock Based Securities,14,920,073,A-shares,14,920,073,Investment FundIndustrial and Commercial,Bank of China E-FundValue Growth Mixed,10,000,000,A-shares,10,000,000,Securities Investment Fund3,FIYTA Holdings Ltd.,2012 3rd Quarterly Report,Summary,China MerchantsSecurities(HK)Co.,Ltd.National Social SecurityFund No.114 Portfolio,7,695,1704,480,548,B-sharesA-shares,7,695,1704,480,548,Industrial and CommercialBank of China Guotou,Ruiyin Growth Selected,4,432,590,A-shares,4,432,590,Stock Based SecuritiesInvestment Fund,GSI S/A GOLDEN CHINAPLUS MASTER FUND,4,416,654,B-shares,4,416,654,Bank of China Yinhua,High Quality Growth StockType Securities Investment,4,300,000,A-shares,4,300,000,FundChina Construction Bank,YINHUA Thematic Wealth,4,299,994,A-shares,4,299,994,Equity FundConstruction Bank of China,YINHUA Core ValueSelected Stock Based,4,237,656,A-shares,4,237,656,Securities Investment Fund,KGI ASIA LIMITED,4,091,765,B-shares,4,091,765,Note to the shareholdersconditions,The Company has not found any connectivity relations among the aforesaidshareholders or any persons acting in concert as specified in the Measures forAdministration of Information on the Shareholder Equity Change of Listed Companies.,III.Important Events(I)Reasons and explanation for significant movement of main accounting data and financialindex Applicable Inapplicable1.Increase of accounts receivable by CNY 119.77 million over the year beginning was mainly due growth of sales.2.Increase of the inventories by CNY 209.81 million over the year beginning mainly includes:increase of the inventoriesby CNY 186.20 million as a result that HARMONY increased purchase of leading brands for its newly opened shops;andincrease of merchandise inventory of FIYTA watches by CNY 28.91 million.3.Increase of bank loans by CNY 281.16 million over the year beginning was mainly due to that the head office increasedshort term borrowings from bank by CNY 108 million;HARMONY increased bank loan by CNY 341 million(including theborrowings at the beginning of the repayment period amounting to CNY 119 million and the new bank loan in the reportingperiod amounting to CNY 460 million),the Manufacture Co.repaid the short term borrowings amounting to CNY 30 million,Technology Development Co.repaid short term borrowings amounting to CNY 30 million and FIYTA Hong Kong reducedthe short term borrowings by CNY8.11 million.4.The sales expenses incurred in the reporting period amounted to CNY 148.32 million,increased by CNY47.33 millionover the same period of the previous year.The increase was mainly due to increase of the sales income which causedincrease of sales expenses correspondingly.5.The financial expenses incurred in the reporting period amounted to CNY 31.23,increased by CNY 13.57 million overthe same period of the previous year.The increase was mainly due to that the Company invested in assets acquisitionand construction of the network and channels;borrowings from banks increased greatly over the same period of tehprevious year and interest expenses grew greatly correspondingly.(II)Progress of Important Events and their Influences;Analysis and Notice on the Solutions4,FIYTA Holdings Ltd.,2012 3rd Quarterly Report,Summary,1.Non-standard Opinions Applicable Inapplicable2.Capital Provided by the Company to its Holding Shareholder or Related Parties and ExternalGuarantee against the regulatory procedures Applicable Inapplicable3.Subscription and Implementation of the Important Routine Operation Contracts Applicable Inapplicable4.Others Applicable Inapplicable(III)Commitments of the Company or the Shareholder Holding over 5%of the Companys Sharesor the Commitments Extended to the Reporting Period Applicable Inapplicable,Commitments,Acceptors,Description,Commitmenttime,Commitmentterm,Implementation,(1)Shenzhen,CATIC,Commitment for EquitySeparation Reform,CATICShenzhen,Holdings Limitedcommitted thatupon completionof FIYTA equityseparationreform,thenon-negotiableshares held byCATIC ShenzhenCorporationwould not belisted with thetrading system ofShenzhen StockExchange forsale within 36monthscommencingfrom the datewhen suchshares gotapproval forlisting;(2)Within24 months afterthe 3-year salesrestriction termexpires,in caseCATIC ShenzhenHoldings Limitedwould sell thenon-negotiableFIYTA shares itwas holding,November09,2007,November09,2007-November09,2012,Implementation of thecommitment:Thecommitmentis in processofimplementation.Commencing from thedate whenthe equityseparationreform wasfulfilled to theend of thereportperiod,CATICShenzhenHoldingsLimited hasnot reducedor assignedanyrestrictedshares heldby CATICShenzhenHoldingsLimited.,through,listing,with Shenzhen5,of,FIYTA Holdings Ltd.,2012 3rd Quarterly Report,SummaryStock Exchange,the sales price,must,not,be,lower than RMB25.00 per share.Commitments in the acquisitionreport or the written report onchange of equityCommitment made at the timeof asset exchangeCommitment ofCATICShenzhen:Within 36 monthscommencingfrom the end of,the Companys,The,non-public,December,commitment,Commitment at the time ofissuing,CATICShenzhen,issuing(fromDecember 30,December30,2010,30 2010 toDecember,is in process,Other commitments to theminority shareholdersHas the commitment beentimely implemented?The specific cause of failure inimplementation and the nextplanIs there any commitment forthe issue which may lead tohorizontal competition and,2010 toDecember 29,2013),ShenzhenCATIC Groupshall not assignany of the newshares it hassubscribed.Yes No Inapplicable Yes No Inapplicable,29,2013,implementation.,related transaction?Term of solution as committedWay of solutionPerformance of commitment(IV)Prediction of the Operation Performances in 2012Prediction of the possibility of the accumulated net profit from the year beginning to the end of the next reporting periodbeing of loss;or warning for big changes in the net profit in comparison with the same period of the previous year and thereasons Applicable Inapplicable(V)Other Important Events Necessary to be Specified1.Investment in Securities Applicable Inapplicable6,FIYTA Holdings Ltd.,2012 3rd Quarterly Report,Summary,2.Investment in Derivatives Applicable Inapplicable3.Position of the Investment in Derivatives at the End of the Reporting Period Applicable Inapplicable4.Statement of such activities as reception,research,communication,interview in the reportingperiodDiscussion,Reception Time,Reception place,Way of reception,Types of Visitors,Visitors received,topics andprovision of,materialsDevelopmenttrend of thedomestic luxurygoods sector,some measures,August 27,2012,Company,On-Site Survey,Organization,GuangdongRonghengCapitalManagementCo.,Ltd.andEssenceSecurities Co.,Ltd.,concerning theCompanysstrategicdevelopment,brandconstruction,terminalmanagement inthe past three,years.Provisionof theCompanyspublic brochuresin 2012.5.Issuing of Corporate BondsHave any corporate bonds been issued?Yes NoFor the purpose of replenishing the Companys working capital,speeding up development of the Companys principalbusiness,further improving the Companys liabilities structure,the Company held the 33rd meeting of the Sixth Board ofDirectors on June,19 2012.The meeting reviewed the Proposal for Issuing Corporate Bonds which was approved at 20121st Extraordinary Shareholders Meeting.The size of the corporate bonds to be issued would not exceed CNY 400 millionwith the bond term not exceeding 5 years.The Company received the Official Reply of China Securities RegulatoryCommission to the Public Issuing of Corporate Bonds by FIYTA Holdings Ltd.(ZHENG JIAN XU KE 2012 No.1209 onSeptember 13,2012.The Company is waiting best time for organizing to issue the corporate bonds with consideration ofthe market conditions.7,