Stockcodes:000026,200026Stockabbreviations:FIYTA,FIYTABAnnouncementNo.:2025-025
FIYTAPrecisionTechnologyCo.,Ltd.
Summaryof2025Semi-annualReport
I.Importantnotes
Thesummaryofthissemi-annualreportisderivedfromthefulltextofthesemi-annualreport.InordertofullyunderstandtheCompany'soperatingresults,financialsituationandfuturedevelopmentplans,investorsshouldcarefullyreadthefulltextofthesemi-annualreportinthemediadesignatedbytheCSRC.Alldirectorshaveattendedtheboardmeetingtoreviewthisreport.Reminderonnon-standardauditopinionsNotapplicableProfitdistributionplanorplanonconversionofprovidentfundsintocapitalstockduringthereportingperiodreviewedbytheboardofdirectorsNotapplicablePreferredstockprofitdistributionplanforthereportingperiodapprovedbytheboardofdirectorsNotapplicableThisreportispreparedinbothChineseandEnglish.Incaseofanyambiguity,theChineseversionshallprevail.
II.Companyprofile
1.Companyprofile
| Abbreviation | FIYTA,FIYTAB | Stockcode | 000026,200026 | |
| Stockexchange | ShenzhenStockExchange | |||
| Stocknamebeforechange(ifany) | None | |||
| Contactandcontactinformation | SecretaryoftheBoardofDirectors | Securitiesaffairsrepresentative | ||
| Name | SongYaoming | XiongYaojia | ||
| Officeaddress | Floor20,FiytaTechnologyBuilding,GaoxinSouth1stRoad,NanshanDistrict,Shenzhen | 18thFloor,FiytaTechnologyBuilding,GaoxinSouth1stRoad,NanshanDistrict,Shenzhen | ||
| TEL | 0755-86013669 | 0755-86013669 | ||
| investor@fiyta.com.cn | investor@fiyta.com.cn | |||
2.MainaccountingdataandfinancialindicatorsDoestheCompanyneedtoretrospectivelyadjustorrestatetheaccountingdatainpreviousyears?No
| Currentreportingperiod | Sameperiodlastyear | Changeinthecurrentreportingperiodcomparedtothesameperiodlastyear | |
| Operatingincome(yuan) | 1,784,131,937.23 | 2,076,397,911.32 | -14.08% |
| Netprofitattributabletoshareholdersofthelistedcompany(yuan) | 82,445,500.03 | 147,138,482.34 | -43.97% |
| Netprofitafterdeductingnon-recurringprofitsandlossesattributabletoshareholdersofthelistedcompany(yuan) | 78,377,262.19 | 140,445,221.81 | -44.19% |
| Netcashflowsfromoperatingactivities(yuan) | 251,490,807.07 | 136,530,796.52 | 84.20% |
| Basicearningspershare(yuan/share) | 0.2034 | 0.3568 | -42.99% |
| Dilutedearningspershare(yuan/share) | 0.2034 | 0.3564 | -42.93% |
| Returnonweightedaveragenetassets | 2.41% | 4.36% | -1.95% |
| Attheendofcurrentreportingperiod | Attheendofthepreviousyear | Changeattheendofthecurrentreportingperiodcomparedtotheendofthepreviousyear | |
| Totalassets(yuan) | 3,878,686,383.99 | 4,007,690,717.02 | -3.22% |
| Netassetsattributabletoshareholdersofthelistedcompany(yuan) | 3,333,609,683.39 | 3,391,843,200.61 | -1.72% |
3.Numberofshareholdersandtheirshareholdingsituationinthecompany
Unit:shares
| Totalnumberofordinaryshareholdersasattheendofthereportingperiod | 25,770 | Totalnumberofpreferredshareholderswhosevotingrightshavebeenrestoredattheendofthereportingperiod(ifany) | 0 | ||||
| Shareholdingoftop10shareholders(excludingshareslentthroughrefinancing) | |||||||
| Shareholder'sname | Nature | Shareholdingratio | Numberofsharesheld | Numberofrestrictivestocksheld | Pledged,taggedorfrozen | ||
| Status | Number | ||||||
| ShentianTechnologyHoldings(Shenzhen)Co.,Ltd. | State-ownedlegalperson | 40.17% | 162,977,327 | 0 | Notapplicable | 0 | |
| #WuJilin | Domesticnaturalperson | 4.38% | 17,770,623 | 0 | Notapplicable | 0 | |
| QianhaiLifeInsuranceCo.,Ltd.-Dividendinsuranceproduct | Others | 1.52% | 6,186,370 | 0 | Notapplicable | 0 | |
| QianhaiLifeInsuranceCo.,Ltd.-Ownfunds | Others | 0.75% | 3,026,000 | 0 | Notapplicable | 0 | |
| QiuHong | Domesticnaturalperson | 0.69% | 2,800,000 | 0 | Notapplicable | 0 | |
| BankofChinaLimited-HuashangSelectedReturnMixedSecuritiesInvestmentFund | Others | 0.63% | 2,549,400 | 0 | Notapplicable | 0 | |
| ZhejiangHaokunShengfaAssetManagementCo.,Ltd.-HaokunXingkongFeimaPhase6PrivateSecuritiesInvestmentFund | Others | 0.61% | 2,492,215 | 0 | Notapplicable | 0 | |
| #ZhuRui | Domesticnaturalperson | 0.51% | 2,087,500 | 0 | Notapplicable | 0 | |
| #ShaoYixing | Domesticnaturalperson | 0.50% | 2,044,200 | 0 | Notapplicable | 0 |
| ZhanZhiying | Domesticnaturalperson | 0.50% | 2,031,500 | 0 | Notapplicable | 0 |
| Notestoshareholders'relatedrelationshiporpersonsactinginconcert | TheCompanydoesnotknowwhethertheabove10shareholdersarerelatedoractinconcert. | |||||
| Explanationoftheshareholders'participationinsecuritiesmargintrading(ifany) | 1.Inadditiontoholding7,490,504sharesthroughtheordinarysecuritiesaccount,WuJilin,theshareholderofthecompany,alsoholds10,280,119sharesthroughtheclientcredittradingguaranteesecuritiesaccountofCICCWealthManagementholding17,770,623sharesintotal;2.Inadditiontoholding2,600sharesthroughtheordinarysecuritiesaccount,ZhuRui,theshareholderofthecompany,alsoholds2,084,900sharesintheclientcredittradingguaranteesecuritiesaccountofFirstCapitalSecuritiesCo.,Ltd.,holdingatotalof2,087,500shares;3.ShareholderShaoYixingholds2,044,200sharesthroughacustomermargintradingcollateralsecuritiesaccountofCindaSecuritiesCo.,Ltd. | |||||
Note:Duringthereportingperiod,thenameofthecompany'scontrollingshareholderchangedfrom"AVICInternationalHoldingsLimited"to"ShentianTechnologyHoldings(Shenzhen)Co.,Ltd."Participationofshareholdersholdingmorethan5%oftheshares,toptenshareholders,andtoptenshareholderswithunlimitedtradablesharesinthelendingofsharesthroughtherefinancingbusinessNotapplicableThetoptenshareholdersandthetoptenshareholderswithunlimitedtradableshareshavechangedcomparedtothepreviousperiodduetothereasonsofrefinancing,lending,andrepaymentNotapplicable
4.ChangesincontrollingshareholdersoractualcontrollersChangesincontrollingshareholdersduringthereportingperiodNotapplicableChangeofactualcontrollerduringthereportingperiodNotapplicable
5.Totalnumberofpreferredshareholdersandthetop10preferredshareholders'holdingsNotapplicable
6.Existingbondssituationontheapprovaldateofthesemi-annualreportNotapplicable
III.Importantmatters
1.CompanybusinessoverviewInthefirsthalfof2025,thecompanyadheredtotheprincipleofhigh-qualitydevelopment,continuedtodeepenthewatchbusiness,consolidateditsleadingpositioninthedomesticwatchmarket,andenhancedcorecompetitiveness.Itacceleratedthedevelopmentofstrategicemergingindustriesandenhancedcorefunctions.Duringthereportingperiod,intheenvironmentofcontinuouspressureonthedomesticwatchconsumermarket,theCompanyachievedoperatingincomeofRMB1784.1319millionyuan,aYoYdecreaseof14.08%,withthetotalprofitofRMB105.5607millionyuan,down45.50%YoY;TheCompanysteadilypromotedcostreductionandefficiencyimprovement,strengthenedriskpreventionandcontrol,withanasset-liabilityratioof14.05%attheendoftheperiod,andanetcashflowfromoperatingactivitiesof
RMB251.4908million,makingoveralloperationalriskscontrollable.Meanwhile,theCompanyremainedsteadfastinitsdevelopmentconfidenceandvaluedshareholderreturns,havingcompletedthe2024annualcashdividendplanofdistributingacashdividendofRMB4.00(includingtax)per10sharestoallshareholders.Duringthereportingperiod,theCompany'smainbusinessinitiativesareasfollows:
(I)FirmlypromotetheimplementationofbrandpositioningupgradestrategyandspreadaviationandChinesecultureDuringthereportingperiod,theFIYTAbrand,basedonitspositioningasahigh-qualityChinesewatchbrandfeaturingaerospacewatches,focusedonaerospacegenesandChineseculture,deeplyexploredthebrand'score,andlaunchedaerospace-themedproductssuchasthe'Yun-20'fortunemodelandthe'LittleSpaceship'three-dimensionaltime-readingmodel.Italsocreatedseriesproductslikethe'LittleGoldWatch'fortunebutterflymodelandthe'EverythingGoesWell'SongDynastyporcelainmodelthatintegrateChineseaestheticsandintangibleculturalheritageelements,tostrengthenproductcompetitivenesswithdifferentiatedfeatures.Itcontinuouslyconductedonlineandofflineintegratedmarketing,andpromotedthecontinuousgrowthofbrandvisibilitythroughrichbrandeventssuchasappearingatShanghaiFashionWeek,thereturnof'Shenzhou19',thelaunchof'Shenzhou20',andGaoYuanyuan'sOrientalSelectionLiveBroadcast.(II)Continuouslyoptimizechannelstructureandoperationsystem,promoteonlineandofflinecoordinateddevelopmentDuringthereportingperiod,theFIYTAbrandcontinuedtooptimizethechannelstructureandbusinessmodeloffline,strengthenedthelayoutofhigh-qualitychannelssuchasmainstreamshoppingcenters,andenhancedtherefinedoperationcapabilityofself-operatedstoresbyfocusingonmemberoperations,newmediaoperations,andstorebroadcasting.Online,relyingonaerospacecultureandChineseculturalelements,itcreateddifferentiatedblockbusterproductsandalive-streamingmatrix.Duringthe"618"shoppingfestival,thee-commerceGMVachievedcounter-trendgrowth,withmultipleproductsrankingamongthetopinthesaleslistsofmajorplatforms.Theonlineandofflinesynergypromotedtheincreaseofmarketshare."Harmony"activelyexpandedcooperationwithmediumandhigh-endbrands,developedofflinechannelswithhighquality,andorderlypromotedtheintegrationofchannelsandbrandresources;Itcontinuedtodeepentheexcellentoperationsystem,strengthenedtheleanoperationofofflinechannels,andpromotedtheintegrateddevelopmentofonlineandofflinebusinesses.(III)ContinuetopromotetheexplorationofnewbusinessesandactivelycultivatestrategicemergingindustriesDuringthereportingperiod,thecompanycontinuouslyenhancedprocesstechnologyandprecisionmanufacturingcapabilitiesinitsprecisiontechnologybusiness,advancingmarketandcustomerdevelopment.ThecompanyplanstoacquireacontrollingstakeinShaanxiChangkongGearCo.,Ltd.(hereinafterreferredtoas'ChangkongGear')tostrengthenthetechnicalexpertiseandcorecapabilitiesinprecisiontechnology.Thesmartwearablebusinesscontinuedtopromoteproductfunctioninnovationandsoftwareandhardwaretechnologyupgrades.(IV)ContinuetoincreaseinvestmentinscientificandtechnologicalinnovationandstrengthenthestrengthofprecisiontechnologyDuringthereportingperiod,thecompanyacceleratedthedevelopmentofhigh-levelmovementsandkeycomponents,andcontinuouslydeepenedtheapplicationofaerospacematerials,innovativematerials,andprocesses.Itincreasedinvestmentinresearchanddevelopmentresourcesfocusingonkeytransformationandupgradingdirectionsofprecisiontechnologybusiness.(V)PromoteAIempowermentanddigitalapplicationtoacceleratedigitaltransformationDuringthereportingperiod,thecompanypromotedtheintegrationofAItechnologywithdigitalretailsystems,CRMsystems,SAPsystems,andotherplatformsincoreareassuchasdigitalretailandbusinessmanagement,empoweringbusinessdevelopmentandefficiencyimprovement.(VI)Solidlypromotecostreductionandefficiencyimprovementtoenhanceriskresistancecapability
Duringthereportingperiod,thecompanyfullydeepenedthespecialworkofcostreductionandefficiencyimprovement,focusingoncostcontrol,resourceallocationoptimization,andoperationalefficiencyimprovementtoenhanceitsriskresistancecapability.
2.ProposedequityacquisitionandrelatedpartytransactionApprovedbytheseventhmeetingoftheeleventhboardofdirectorsofthecompany,thecompanysignedthe"EquityAcquisitionIntentAgreement"withHanzhongHanhangElectromechanicalCo.,Ltd.(hereinafterreferredtoas"HanhangElectromechanical")onJune4,2025.ThecompanyintendstoacquireallorpartofthecontrollingstakeinShaanxiChangkongGearCo.,Ltd.bymeansofcash(hereinafterreferredtoas"thisacquisition").Thisacquisitionconstitutesarelatedpartytransaction.Accordingtopreliminaryestimates,itisnotexpectedtoconstituteamajorassetreorganization.Fordetails,pleaserefertothe"AnnouncementonSigningEquityAcquisitionIntentAgreementandRelatedPartyTransaction2025-018"disclosedbythecompanyonwww.cninfo.com.cnonJune5,2025.Asofthedisclosuredateofthisreport,thecompanyandallpartiestothetransactionarepromotingthepreliminaryworkrelatedtothisacquisition.Thefinalacquisitionplanhasnotyetbeendeterminedandissubjecttothenecessarydecision-makingandapprovalproceduresofallparties.Thereisuncertaintyastowhetherthisacquisitioncanbecompletedeventually.
FIYTAPrecisionTechnologyCo.,Ltd.
BoardofDirectors
August23,2025