FIYTA Precision Technology Co., Ltd. 2025 Semi-annual Financial Report 1 I. Audit report Whether the semi-annual report has been audited No II. Financial statements The unit of the financial statements in the notes is RMB 1. Consolidated balance sheet Prepared by: FIYTA Precision Technology Co., Ltd. June 30, 2025 Unit: yuan | Item | Balance at the end of the period | Beginning balance | | --- | --- | --- | | Current assets: | | | | Monetary funds | 539,306,933.97 | 518,954,177.49 | | Balances with clearing ...

FIYTA Precision Technology Co., Ltd. RSMSZ[2025]No.350Z0001 Auditor's Report 容诚分 RSM CHINA CPA LLP CHINA BEIJING If there is any conflict of meaning between the Chinese and English versions, the Chinese version will prevail Fuchengmenwai St Xiche E-mail:bi@rsmchina.com.cn https//WWW.rsm.global/china/ (English Translation for Reference Only) Auditor's Report RSMSZ[2025]No.350Z0001 To the Shareholders of FIYTA Precision Technology Co., Ltd., Opinion We have audited the financial statements of FIYTA Precision ...

飞亚达精密科技股份有限公司 2024 年半年度报告全文 FIYTA飞亚达 飞亚达精密科技股份有限公司 2024 年半年度报告 2024 年 8 月 21 日 l 飞亚达精密科技股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人张旭华、主管会计工作负责人宋瑶明及会计机构负责人(会计 主管人员)田辉声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投 资者的实质承诺，敬请投资者注意投资风险。 公司已在本报告中详细描述了存在的宏观经济风险、经营等风险，敬请 查阅第三节管理层讨论与分析中关于公司面临的风险及应对措施部分的内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 飞亚达精密科技股份有限公司 2024 年半年度报告全文 | | | | 第一节 重要提示、目录和释义 | | --- | | 第二节 公司 ...

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 (1 January 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 | | | Incom ...

一、董事会会议召开情况 飞亚达精密科技股份有限公司（以下简称"公司"）第十届董事会第十四次会议在 2023 年 8 月 11 日以电子邮件形式发出会议通知后于 2023 年 8 月 21 日（星期一）以现场结合通讯表 决方式召开，其中现场会议召开地点为飞亚达科技大厦 20 楼会议室。本次会议由董事长张旭 华先生主持，应出席董事 9 人，实际出席董事 9 人，部分监事和高级管理人员列席会议。会议 的召开符合有关法律法规及《公司章程》的规定。 二、董事会会议审议情况 （一）会议以 9 票同意，0 票反对，0 票弃权通过了《2023 年半年度报告及摘要》； 公司董事会全体成员保证 2023 年半年度报告的内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2023-044 飞亚达精密科技股份有限公司 第十届董事会第十四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 （四）会议以 3 票同意，0 票反对，0 票弃权通过了《关于与中航工业集团财务有限责任 公司关联存贷款 ...

证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2023-045 飞亚达精密科技股份有限公司 第十届监事会第十二次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 一、监事会会议召开情况 具体内容详见在巨潮资讯网披露的《关于向全资子公司深圳市飞亚达精密科技有限公司增资的公告 2023-047》。 （三）会议以 3 票同意，0 票反对，0 票弃权通过了《关于回购注销 2018 年 A 股限制性股 票激励计划（第二期）部分限制性股票的议案》。 监事会对本次回购注销部分限制性股票事项进行核查，并发表核查意见如下： 鉴于公司 2018 年 A 股限制性股票激励计划（第二期）的原激励对象迟伟华先生、杨国庆先生离职，根 据激励计划规定，已不符合激励条件，公司现拟按照规定对 2 名原激励对象合计持有的、已获授但尚未解除 限售的 46,760 股 A 股限制性股票进行回购注销。 监事会已对拟回购注销的 A 股限制性股票数量及涉及激励对象名单进行核实，本次拟回购注销部分 A 股限制性股票的事项符合《上市公司股权激励管理办法》、公司《201 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,183,570,749.11, a decrease of 21.38% compared to ¥2,777,519,521.34 in the same period last year[21]. - Net profit attributable to shareholders was ¥140,692,784.29, down 39.76% from ¥233,544,726.55 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥129,931,756.90, a decline of 41.94% compared to ¥223,796,233.42 in the previous year[21]. - Basic earnings per share decreased by 38.18% to ¥0.3351 from ¥0.5421 in the previous year[21]. - The total profit for the same period was 178.33 million yuan, down 40.97% year-on-year[33]. - The company's total revenue for the reporting period was ¥2,183,570,749.11, a decrease of 21.38% compared to ¥2,777,519,521.34 in the same period last year[39]. - The operating profit decreased to CNY 178,949,187.56, a decline of 40.9% from CNY 302,701,876.74 in the previous year[108]. - The company reported a total comprehensive income of CNY 141,117,640.01, compared to CNY 227,054,488.05 in the first half of 2021, reflecting a decrease of 37.9%[109]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 35.70% to ¥278,386,263.60, compared to ¥205,154,563.93 in the same period last year[21]. - Cash generated from operating activities increased by 35.70% to ¥278,386,263.60, primarily due to a decrease in inventory purchases[39]. - The company's cash and cash equivalents increased by 255.32% to ¥183,619,193.41, compared to a net decrease of ¥118,217,129.02 in the previous year[39]. - The ending balance of cash and cash equivalents increased to CNY 393,873,930.55 from CNY 234,840,156.69, marking a significant rise[114]. - The company reported a significant increase in cash flow, indicating improved liquidity and operational efficiency[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,162,089,367.18, an increase of 1.25% from ¥4,110,579,952.49 at the end of the previous year[21]. - The company's total liabilities reached CNY 1,170,326,256.03, compared to CNY 1,097,347,309.96 at the beginning of the year, marking an increase of about 6.6%[102]. - The total owner's equity decreased to CNY 2,991,763,111.15 from CNY 3,013,232,642.53, reflecting a decrease of about 0.7%[102]. - Current liabilities rose to CNY 1,112,134,141.66, up from CNY 1,025,399,239.93 at the start of the year, indicating a growth of approximately 8.4%[102]. Business Operations and Strategy - The company has expanded its precision technology and smart wearable business, which has begun to take shape[26]. - The company continues to focus on the watch industry, integrating R&D, design, manufacturing, sales, and service[25]. - The precision technology business saw a revenue increase of over 40% year-on-year, driven by collaborations in optical communication and laser technology[37]. - The company has implemented a digital transformation strategy, launching a mini-program cloud store project to drive traffic to offline stores[36]. - The company aims to adapt to changing consumer preferences by leveraging digital retail systems and enhancing customer service experiences[52]. Market and Competition - The domestic watch market is experiencing strong growth, particularly in the mid-to-high-end segment, with Swiss watch exports to mainland China increasing steadily since 2016[27]. - Increased competition in the watch industry is noted, with a focus on optimizing brand and store structures to enhance single-store efficiency[51]. - The company plans to expand its market presence in Asia, targeting a 20% increase in market share by the end of 2023[119]. Research and Development - Research and development expenses were ¥25,026,713.85, down 5.09% from ¥26,370,064.68 in the previous year[39]. - The company is focusing on enhancing its research and development capabilities to innovate new technologies and products[128]. - Research and development expenses increased by 15%, totaling 275 million, to support innovation initiatives[119]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with specific emissions standards being monitored[62]. - Shanghai Biao Ye's wastewater treatment facility has been operational since 2016, with an additional two sets added in 2018, ensuring compliance with the "Electroplating Pollutant Discharge Standards" for nickel and chromium wastewater[63]. - The company has been actively disclosing its social responsibility reports for the past fifteen years, with the latest report published in March 2022[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,677[90]. - The largest shareholder, AVIC International Holdings Limited, holds 38.25% of the shares, totaling 162,977,327 shares[91]. - The company completed the release of 1,244,421 restricted stock units during the reporting period, resulting in a total of 1,446,266 shares becoming tradable[85]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[99]. - The financial statements are prepared in accordance with the accounting standards and reflect the company's financial position, operating results, and cash flows accurately[140]. - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[135].

Financial Performance - The company's operating revenue for 2021 was CNY 5,243,733,540.93, representing a 23.57% increase compared to CNY 4,243,439,952.59 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 387,840,282.95, a 31.87% increase from CNY 294,115,156.04 in 2020[18]. - The net profit after deducting non-recurring gains and losses was CNY 369,418,754.83, up 37.28% from CNY 269,095,012.41 in 2020[18]. - The net cash flow from operating activities reached CNY 547,249,108.45, an increase of 44.69% compared to CNY 378,210,505.87 in 2020[18]. - The basic earnings per share for 2021 was CNY 0.9036, reflecting a 33.59% increase from CNY 0.6764 in 2020[18]. - The total assets at the end of 2021 were CNY 4,110,579,952.49, a 2.29% increase from CNY 4,018,712,700.18 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were CNY 3,013,232,642.53, a 7.62% increase from CNY 2,799,948,388.09 at the end of 2020[18]. - The weighted average return on equity for 2021 was 13.39%, up from 10.78% in 2020[18]. - The company reported no significant differences in financial indicators compared to previously disclosed quarterly and semi-annual reports[20]. Revenue and Sales - The company achieved a revenue of 524,373,540.93 CNY, representing a year-on-year growth of 23.57%[32]. - The company's total operating income from the watch business was 4,923,280,724.48 CNY, accounting for 93.89% of total revenue, with a year-on-year growth of 23.98%[39]. - The company’s total revenue for the watch business reached approximately ¥4.92 billion, representing a year-on-year increase of 23.98%[42]. - The average customer transaction value increased by 12% year-on-year, while the average single-store output for established stores rose by 27.93%[32]. - The company’s online and offline integration efforts led to a significant increase in repeat purchases and potential customer transactions, contributing over 50% to total revenue[33]. Market Presence and Innovation - The company has established a global sales network with over 3,000 retail outlets across more than 30 countries and regions, enhancing its market presence[29]. - The company has accumulated a total of 611 patent applications, with 566 patents granted, showcasing its commitment to innovation and technology[30]. - The domestic watch consumption market has seen a compound annual growth rate (CAGR) of over 6% over the past five years, indicating robust growth potential[23]. - The export value of Swiss watches to mainland China has experienced a CAGR of nearly 20% over the past five years, highlighting the increasing demand for high-end watches[23]. - The company aims to enhance its digital transformation, achieving full coverage of online and offline self-operated stores to improve customer service[30]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Shenzhen Xunhang Precision Technology Co., Ltd., during the reporting period[47]. - The subsidiary Shenzhen Xunhang Precision Technology Co., Ltd. is expected to enhance the company's long-term development and efficiency in the smart wearable and precision technology sectors[61]. - The subsidiary Hengdeli World Watch Center (Hainan) Co., Ltd. is anticipated to positively impact the company's long-term growth and profitability in luxury watch retail[61]. - The company reported a net profit of RMB 289 million from its subsidiary Hengdeli World Watch Center, contributing significantly to overall profitability[61]. Corporate Governance and Management - The company continued to improve its corporate governance structure in 2021, adhering to the requirements of the Company Law and Securities Law, with no significant discrepancies from regulatory standards[68]. - The board of directors consists of nine members, including three independent directors, and is responsible for strategic decision-making and risk management[69]. - The company maintains a clear separation from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring independent operations[70]. - The financial department operates independently, with a robust financial accounting system and management practices, without interference from the controlling shareholder[72]. - The company has established a comprehensive production and sales system in the watch industry, ensuring no competition with its controlling shareholder[70]. Employee and Executive Changes - The company experienced a resignation of key executives, including the General Manager and several board members, due to work-related reasons[82]. - The company completed the re-election of directors and the appointment of senior management personnel in accordance with relevant laws and regulations[83]. - The company’s management team underwent significant changes, with multiple resignations impacting its governance structure[82]. - The company appointed Zhang Xuhua as the chairman of the board on September 8, 2021, following the election by the 10th board of directors[84]. Environmental and Social Responsibility - The company has reduced wastewater discharge by approximately 244 tons, achieving a reuse rate of around 37% after implementing a new heavy metal membrane filtration system[130]. - The total annual wastewater discharge is currently 406 tons, which is below the permitted limit of 650 tons[129]. - The company has successfully passed the clean production audit and received a revised pollution discharge permit from the Yangpu District Ecological Environment Bureau in October 2021[131]. - The company actively participates in poverty alleviation and rural revitalization efforts, including purchasing agricultural products from impoverished areas[136]. Financial Management and Reporting - The company’s financial statements were audited by Dahua Certified Public Accountants, receiving a standard unqualified opinion[183]. - The company confirmed that its revenue recognition policies comply with accounting standards, ensuring the accuracy and completeness of revenue reporting[189]. - The management is responsible for evaluating the company's ability to continue as a going concern, with no significant uncertainties reported[191]. - The company has implemented internal controls to prevent material misstatements in financial reporting due to fraud or error[191]. Future Outlook and Strategic Plans - The company plans to focus on high-end domestic watch brand development and digital transformation in 2022, aiming to enhance its competitive advantages[63]. - The company aims to increase its market share in mid-to-high-end channels and improve operational efficiency through a comprehensive marketing system[63]. - The company is committed to continuous investment in digitalization and technology innovation, particularly in the fields of optical communication and aerospace[64]. - The company is exploring new markets and customers in aerospace and medical devices, while also enhancing its smart wearable technology offerings[64].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,307,278,222.69, a decrease of 4.06% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was CNY 109,034,679.41, down 20.44% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 104,537,027.94, a decrease of 19.42% compared to the previous year[3] - Total operating revenue for Q3 2021 reached ¥4,084,797,744.03, a significant increase of 38.7% compared to ¥2,944,433,436.00 in the same period last year[21] - Net profit for Q3 2021 was ¥342,599,463.24, representing a 59.5% increase from ¥214,794,379.54 in the previous year[22] - Basic and diluted earnings per share for Q3 2021 were both ¥0.7995, compared to ¥0.4940 in the same quarter of the previous year[23] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 4,145,244,323.84, reflecting a 3.15% increase from the end of the previous year[4] - As of September 30, 2021, the total assets of Feiyada Precision Technology Co., Ltd. amounted to RMB 4,145,244,323.84, an increase from RMB 4,018,712,700.18 at the end of 2020[16] - The company's current assets decreased to RMB 2,913,073,669.77 from RMB 2,954,079,293.74 at the end of 2020, primarily due to a reduction in cash and cash equivalents[16] - The company's total liabilities decreased to RMB 2,913,073,669.77 from RMB 3,000,000,000, indicating a reduction in financial leverage[18] - The total liabilities decreased slightly to ¥1,177,185,763.61 from ¥1,218,752,028.75 year-over-year[22] - The total liabilities increased to 1.22 billion, reflecting a rise in both current and non-current liabilities[30] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 368,210,753.30, a significant increase of 70.35% year-on-year[3] - Cash flow from operating activities generated a net amount of ¥368,210,753.30, an increase from ¥216,148,827.79 in Q3 2020[25] - The cash received from sales of goods and services for the year-to-date was CNY 4,500,004,848.59, an increase of 45.29% year-on-year[7] - The cash received from sales of goods and services was ¥4,500,004,848.59, an increase from ¥3,097,232,379.30 in Q3 2020[25] - The net cash flow from investment activities was -154.51 million, compared to -90.31 million in the previous year, indicating a significant increase in cash outflow[26] - The total cash inflow from financing activities reached 1.01 billion, up from 722.43 million year-over-year, primarily due to increased borrowings[26] - Cash outflow from financing activities totaled 1.34 billion, compared to 723.49 million in the previous year, leading to a net cash flow from financing activities of -334.22 million[26] - The company's cash and cash equivalents decreased by 121.33 million, resulting in a closing balance of 231.73 million[26] Investments and Expenses - The company reported an increase in long-term equity investments to RMB 53,029,994.16 from RMB 51,400,665.92, reflecting a growth of approximately 3.2%[18] - Research and development expenses for Q3 2021 were ¥40,145,686.42, up from ¥34,765,728.41 in the previous year, indicating a focus on innovation[22] - The company reported a significant increase in tax expenses, which rose by 77.33% to CNY 26,025,661.25 due to increased sales[7] Corporate Governance - The company appointed Dahua Certified Public Accountants as the new auditor for the 2021 financial year, replacing the previous firm[12] - The company signed a financial services agreement with AVIC Finance Co., Ltd. to enhance its financial operations[13] - The board of directors was re-elected, with Zhang Xuhua appointed as the chairman[15] Shareholder Actions - The company repurchased 8,994,086 B-shares, accounting for 2.07% of the total share capital, with a total payment of HKD 58,207,259.08[11] Accounting Changes - The company adopted new leasing standards starting January 1, 2021, which resulted in adjustments to the balance sheet[32]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,777,519,521.34, representing a 75.59% increase compared to ¥1,581,834,715.03 in the same period last year[21]. - The net profit attributable to shareholders was ¥233,544,726.55, a significant increase of 200.42% from ¥77,738,906.30 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥223,796,233.42, up 225.90% from ¥68,669,477.45 year-on-year[21]. - The net cash flow from operating activities reached ¥205,154,563.93, an increase of 97.94% compared to ¥103,645,235.27 in the previous year[21]. - The basic earnings per share rose to ¥0.5421, reflecting a 205.41% increase from ¥0.1775 in the same period last year[21]. - The profit for the period amounted to CNY 302,114,200, representing a 229.65% increase year-on-year[30]. - The company achieved a net asset return rate of 8.09%, an increase of 5.18 percentage points compared to the previous year[30]. - The total comprehensive income for the first half of 2021 was CNY 227,054,488.05, compared to CNY 82,068,880.13 in the first half of 2020, indicating an increase of 176.5%[115]. Revenue Sources - The company's revenue for the first half of 2021 reached CNY 2,777,519,521.34, a 75.59% increase compared to the same period last year, primarily driven by the growth in the retail business of luxury watches[36]. - The watch business generated ¥2,637,347,983.49, accounting for 94.95% of total revenue, with a year-on-year growth of 80.21%[38]. - The precision technology business saw significant growth, with revenue from smart wearable products increasing by 228% compared to the previous year[34]. - The leasing business revenue grew by 32.06% to ¥74,149,889.89, contributing 2.67% to total revenue[38]. Market Expansion and Strategy - The company plans to focus on expanding its brand resources and channel resources to enhance its market position in the luxury watch sector[25]. - The company has established a wholly-owned subsidiary in Hainan to further penetrate the duty-free market, indicating strategic market expansion efforts[32]. - The company is actively pursuing digital transformation, with a 10% increase in sales from potential customers and returning customers compared to the previous year[33]. - The company anticipates growth opportunities in the luxury goods market due to the return of overseas consumption and increased resource allocation by brands in China[51]. - The company aims to leverage the policy opportunities of the Hainan Free Trade Port and the development of the duty-free market for long-term growth[49]. Financial Position - The total assets at the end of the reporting period were ¥4,125,415,233.24, a 2.66% increase from ¥4,018,712,700.18 at the end of the previous year[21]. - The net assets attributable to shareholders increased to ¥2,857,159,599.38, up 2.04% from ¥2,799,948,388.09 at the end of the previous year[21]. - The company's inventory increased to ¥2,014,209,378.86, representing 48.82% of total assets, up from 46.86% at the end of the previous year[42]. - The company's cash and cash equivalents decreased to CNY 234,840,156.69 from CNY 353,057,285.71 at the end of 2020, representing a decline of approximately 33.5%[104]. Management and Governance - The company appointed Zhang Xuhua as a non-independent director and chairman of the board on July 1, 2021[55]. - The company elected several new directors and a supervisor on February 24, 2021, including Zhang Zhibiao, Xiao Yi, Li Peiyin, and Pan Bo[55]. - The company experienced changes in its management team, including the resignation of several directors and the chairman due to work reasons[56]. Environmental Responsibility - Shanghai Biao Industry Co., Ltd. is classified as a key pollutant discharge unit by the environmental protection department[64]. - The company has reduced its annual wastewater discharge by approximately 300 tons through recycling efforts[64]. - The company has passed the clean production audit and received the pollution discharge permit from the Yangpu District Environmental Protection Bureau[65]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[67]. Shareholder and Stock Information - The total number of shares increased from 428,091,881 to 435,550,522 due to the completion of the 2018 A-share restricted stock incentive plan (Phase II) with 7,660,000 shares granted[83]. - The company repurchased a total of 8,994,086 shares, accounting for 2.06% of the total share capital, with a total expenditure of 58,207,259.08 HKD[87]. - The total number of shareholders at the end of the reporting period was 27,860, indicating a stable shareholder base[94]. Research and Development - Research and development expenses rose by 27.37% to ¥26,370,064.68, reflecting the company's commitment to innovation[39]. - Research and development expenses for the first half of 2021 were CNY 26,370,064.68, compared to CNY 20,704,270.76 in the same period of 2020, marking an increase of about 27.4%[113]. Financial Instruments and Accounting Policies - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[149]. - The company will recognize foreign currency transactions at the spot exchange rate on the transaction date, impacting the financial results due to exchange rate fluctuations[165]. - The group measures expected credit losses based on the weighted average of credit losses of financial instruments, considering past events, current conditions, and future economic forecasts[178].