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飞亚达B:2018年年度报告摘要(英文版)  

摘要:StockCode:000026 200026 ShortFormofStock:FIYTAA,FIYTAB AnnouncementNo:2019-011 FIYTAHOLDINGSLTD. 2018AnnualReport,Summar

StockCode:000026  200026      ShortFormofStock:FIYTAA,FIYTAB        AnnouncementNo:2019-011
                            FIYTAHOLDINGSLTD.

                        2018AnnualReport,Summary

1.  ImportantNotice
ThissummaryoftheAnnualReportisquotedoutofthefulltextoftheAnnualReport.InvestorsdesiroustounderstandentirelytheCompany'soperationresults,financialpositionandfuturedevelopmentplanningareadvisedtocarefullyreadthefulltextoftheAnnualReportwhichispublishedinthemediumdesignatedbyCSRC.
TheBoardofDirectors,theSupervisoryCommittee,directors,supervisorsandseniorexecutivesherebyindividuallyandcollectivelyacceptresponsibilityforthecorrectness,accuracyandcompletenessofthecontentsofthisreportandconfirmthatthereareneithermaterialomissionsnorerrorswhichwouldrenderanystatementmisleading.
HuangYongfeng,theCompanyleader,ChenZhuo,chieffinancialofficer,andTianHui,themanageroftheaccountingdepartment(treasurer)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisAnnualReport.
AllthedirectorsattendedtheboardmeetingforreviewingtheAnnualReport.
Indicationofqualifiedauditopinion
Inapplicable
TheprofitdistributionpreplanorthepreplanforconversionofreserveintocapitalforthereportingperiodreviewedbytheBoardofDirectors
TheprofitdistributionpreplanreviewedandapprovedbytheBoardofDirectorsissummarizedasfollows:With
438,744,881sharesasthebase,theCompanywoulddistributecashdividendattherateofCNY2.00forevery10shares(withtaxinclusive),bonusshareattherateof0shareforevery10shares(withtaxinclusive)tothewholeshareholdersandshallcapitalizenoreserve.
ProfitDistributionPreplanforPreferredSharesduringtheReportingPeriodApprovedbytheResolutionoftheBoardofDirectors
Inapplicable
III.CompanyProfile
I.CompanyInformation

Shortformofthestock:                    FIYTAA,  FIYTAB          StockCodes:                  000026and200026

StockExchangeListedwith                  ShenzhenStockExchange

LiaisonPersonsandCommunicationInformation              SecretaryoftheBoard                        SecuritiesAffairsRepresentative

Name                                  LuWanjun                                    ZhangYong

OfficeAddress                          20thFloor,FIYTATechnologyBuilding,GaoxinS.Road    20thFloor,FIYTATechnologyBuilding,GaoxinS.Road

                                        One,NanshanDistrict,Shenzhen                    One,NanshanDistrict,Shenzhen

Fax                                  0755-83348369                                0755-83348369

Tel.                                    0755-86013669                                0755-86013669

Email                                  investor@fiyta.com.cn                            investor@fiyta.com.cn

2.SummaryofthePrincipalBusinessorLeadingProductsduringtheReportingPeriod
(1)PrincipalBusinessandOperationModel
FIYTAconcentratesitselfinwatchindustry,takesthebrandstrategyastheguidance,integrateswatchR&D,design,manufacture,salesandservices,andhasformedtwocorebusinesses-watchbrandmanagementandwatchretailandservices.TheCompanypossessesitsproprietarywatchbrands,includingFIYTA,EmileChouriet,JONAS&VERUSandlicencedcooperativebrands-JEEPandBEIJING,whichhavedifferentstylesandcansatisfysegmentizedmarketdemands;haswatchretailandservicebrands-HARMONYandBRANDGALLERY,whichcoverthenationwidemarketandsatisfyhighandmediumandfashionconsumptiondemands.
(2)DevelopmentStatusofWatchIndustryandtheCompany'sPositionintheIndustry
Modernwatchindustryisanadvancedmanufacturewithhighprecisionmachineryintegratedwithinformationtechnologyandisaspecialhighlysophisticatedandaccuratetime-keepingproduct.Watchisalsoaconsumerproductwithaestheticandfashioncharacterandculturalconnotation,aswellashighqualityconsumergoodswithoutstandingbrandvalue.Underafavorabletrendofthepeople’spursuanceforbetterlifeandconsumptionupgrading,watchindustry,whichintegrateshigh-endsophisticatedmanufactureandbrandaesthetics,enjoysagooddevelopmentprospect.
In2018,underthebackgroundthatthemacroeconomyheldpressureandtheconsumptionmarketwasweakingrowth,theCompanyconductedin-depthstudyontheconsumptiondemandandfashiontrendinitsbrandmanagementbusiness,workedhardonbreakthroughandinnovationintechnology,processandproductdesignandconstantlyimprovedtheproductqualityandcontinuouslysatisfiedthecustomers’demand.Meanwhile,inlightofthesegmentedmarket,theCompanycontinuedtoincreasetheinputinmulti-brandstrategicalplanning,channelconstruction,marketingandpromotion,etc,continuouslyenrichthebrandconnotationandbuildbrandswithdifferentiation.Duringthereportingperiod,theCompanyconstantlymaintainedpowerfulcompetitionsuperioritywithitbrandbusinessesinthedomesticwatchmarketofwhichFIYTABrandfurthertooktheleadingpositionintheindustryintermsofitsinfluence.Inrespectofretailservices,theCompanyseizedtheopportunityofsalesrecoveryofmedium-andhigh-endbrands,positivelyadjustedtheshopbrandstructureandchannellayout,continuouslydevelopedthemedium-andhigh-endqualitychannels,keptdoingagoodjobinservicequalityimprovementandarrangementofthetechnicalservicenetwork.Duringthereportingperiod,theCompany'ssuperiorityinretailservicebusinesscompetitionwasfurtherconsolidated;whereHarmonyWorldWatchkepttheleadingpositionintheindustryintermsofsalessizeandchannelarrangement.TheCompanycreatedagainanewhistoricalrecordinannualrevenueandtotalprofitandkeptadvancingtowardsthevisionof“becomingaleadinginternationalizedwatchbrandenterprise”.
3.SummaryofAccounting/FinancialData
(1)SummaryofAccounting/FinancialDatainthePastThreeYears
DoestheCompanyneedtomakeretroactiveadjustmentorrestatementoftheaccountingdataofthepreviousyears
No

                                                                                                    InCNY
                                                                                    Increase/Decreaseofthe

                                            2018                  2017            reportingyearoverthe            2016

                                                                                        previousyear

Operatingrevenue                            3,400,450,599.90          3,345,809,703.98                  1.63%        2,993,864,561.43

NetprofitattributabletotheCompany’s                183,835,095.29            140,216,258.28                  31.11%          110,662,681.59

shareholders

Netprofitlessthenon-recurringprofit/loss              162,758,061.00            123,918,527.75                31.34%          97,200,540.64

attributabletotheCompany’sshareholders

Netcashflowsarisingfromoperating                331,627,789.62            564,954,561.97                -41.30%          455,759,094.15

activities

Basicearningpershare(CNY/share)                        0.4190                  0.3196                31.10%                0.2522

Dilutedearningpershare(CNY/share)                      0.4190                  0.3196                31.10%                0.2522


Returnonequity,weightedaverage                        7.30%                  5.79%                  1.51%                4.74%
                                                                                    Increase/Decreaseofthe

                                          Endof2018              Endof2017          endofthereportingyear        Endof2016

                                                                                    overtheendoftheprevious

                                                                                            year

Totalassets                                  3,599,691,650.26          3,579,789,692.90                  0.56%        4,004,897,562.72
NetassetsattributabletotheCompany’s            2,570,134,782.90          2,467,967,361.20                  4.14%        2,371,370,535.17
shareholders
(2)SummaryofAccountingDataBasedonQuarters

                                                                                                                          InCNY
                                        Thefirstquarter          Thesecondquarter        Thethirdquarter          Thefourthquarter

Operatingrevenue                              851,815,980.69          844,075,452.03          868,796,654.10          835,762,513.08
NetprofitattributabletotheCompany’s                59,518,000.75            52,849,920.69            50,293,172.83            21,174,001.02
shareholders

Netprofitlessthenon-recurringprofit/loss              54,825,312.90            44,934,058.26            48,421,717.55            14,576,972.29
attributabletotheCompany’sshareholders

NetcashflowSARisingfromoperating                  67,632,201.86          157,040,072.23            65,916,200.63            41,039,314.90
activities
DoesthereexistanysignificantdifferencebetweentheabovefinancialindicatorsortheirsumtotalandthecorrespondingfinancialindicatorsasdisclosedbytheCompanyinitsquarterlyreportsorsemi-annualreport
No
4.CapitalStockandShareholders
(1)QuantityofsharesheldbythecommonshareholdersandpreferredshareholderswhosevotingrightSARerestoredandshareholdingbythetop10shareholders

                                                                                                  Inshares
                            Totalcommon                      Totalpreference                  Totalpreference

Totalcommon                  shareholdersatthe                  shareholderswith                shareholderswiththe

shareholdersat                endofthemonth                    thevotingpower                  votingpowerrecovered

theendofthe          31,855  beforethedateof          31,352  recoveredatthe              0  attheendofthemonth              0
reportingperiod                disclosingthe                      endofthereporting              beforethedayof

                            AnnualReport                      period                        disclosingtheAnnual

                                                                                            Report

                                                  Shareholdingbytop10shareholders

  Nameofthe    Natureofthe      Shareholding      Shareholding                                            Pledgingorfreezing

  Shareholder      shareholder        proportion        quantity        Numberoftherestrictedsharesheld      Statusofthe      Quantity

                                                                                                      shares

AVICInternational  State                  37.15%    162,977,327                                  0

HoldingLimited    corporate

Chongqing        Domestic

InternationalTrust  natural                  4.19%    18,389,227                                  0

Co.,Ltd.-YUXIN    persons
No.2Trust

                  Domestic

MoJiadong        natural                  2.90%    12,703,968                                  0

                  persons

                  Domestic

#YangZugui      natural                  2.52%    11,069,727                                  0

                  persons

NationalSocial    State

SecurityFund114  corporate                2.20%    9,657,744                                  0

Portfolio

XizangInvestment  State                    1.13%    4,976,551                                  0

Co.,Ltd.          corporate

MANULIFETEDA
Fund-Minsheng  Domestic

Bank-          non-state-own              1.12%    4,893,559                                  0

MANULIFETEDA  edcorporate
ValueGrowth
OrientedAdditional

IssueNo.351
Assets
Management
Program

ShenzhenHeli      Domestic

Fengyuan        non-state-own              0.62%    2,704,000                                  0

Commerce&      edcorporate

TradeCo.,Ltd.
Shenzhen

Rongliyuan        Domestic

Commercial        non-state-own              0.37%    1,630,500                                  0

InformationCo.,    edcorporate
Ltd.
China
ConstructionBank

Co.,Ltd.-        Domestic

INVESCOGREAT  non-state-own              0.31%    1,376,533                                  0

WALLQuantized    edcorporate
SelectedStock
TypeSecurities
InvestmentFund
Explanationonassociated
relationshiporconsistentactionof    Inapplicable
theaboveshareholders
Notetotheshareholder(s)involved
inthesecuritiesmargintrading(if    Inapplicable
any)
(2)Totalpreferenceshareholdersandtheshareholdingbythetop10preferenceshareholdersInapplicable

(3)BlockDiagramoftheOwnershipandControlRelationsbetweentheCompanyandtheActualController
5.CompanyBond
DidthereexistanycompanybondswhichwereissuedtothepublicandlistedwiththestockexchangefortradingandwasduebythedatewhentheAnnualReportwasapprovedforissuingorfailedtobefullycashedbytheendofthereportingperiod.
No
III.DiscussionandAnalysisontheOperation
1.OperationSummaryintheReportingPeriod
InChina,thedomesticeconomysloweddowningrowth,theSino-UStradeconflictwasfullofcomplications,theconsumptionmarketdemandwasbearish,andthewatchindustrywasconfrontedwithseriousmarketpressure.Duringthereportingperiod,theCompanyfocusedonvaluecreation,sparedineffortincarryingforwardrefinedmanagementandspecializedoperation,exerteditselfonupgradingthebrandidentityandcustomerservices,improvedtheoperationefficiency;underthesituationofrelativelyweakmarket,theCompanystillrealizedcontinuousincreaseofprofit.In2018,theCompanyrealizedrevenueamountingtoCNY3,400.45millionwithyear-on-yeargrowthof1.63%andrealizedtotalprofitamountingtoCNY231.20millionwithayear-on-yeargrowthof21.87%;realizednetprofitamountingtoCNY183.84millionwithayear-on-yeargrowthof31.11%.TheCompanyhasonceagainachievedahistoricalrecordinoperationperformance.

Duringthereportingperiod,theCompanycarriedoutthefollowingkeywork.
I.PuttingfortheffortinpromotingupgradingofFIYTABrandandcontinouslysupportingquickdevelopmentofvariousbrands
FIYTABrandcloselyfollowedthetrendofupgradingconsumptionandthecustomers’consumptiondemandof“quality-orientationandpersonalization”andcarriedforwardindepthupgradingofthebrandsbasedonproducts,marketingandchannels,etc.In2018,FIYTABrandadheredtothespiritofbeingspecializedinwatchmaking,insistedonindependentaestheticdesign,launched“FENGZHI”,“SOLO”Series,etc.andenrichedtheserialproductsof“QUORRA’SCORD”,“CLOVER”,etc.Meanwhile,forthepurposeofsatisfyingthecustomers’demandonhighqualityandcustomization,theCompanyannouncedahigh-endcustomizeddesignerbrand-MOONYANGatBasellworld;forthepurposeofcomplyingwiththelifestyleofrejuvenationandintelligenceofconsumers,theCompanyenhancedthedigitalizednewmediamarketing;forthepurposeofpressingclosetothechangeofcustomers’consumptionscene,vigorouslydevelopingthechannelsofbrandflagshipstoreandshoppingcenterandtheproportionofsalesinshoppingcenterwascontinuouslyincreasing.In2018,inlightofFIYTABrand'soutstandingperformanceinspecializedwatchmakingandinnovativedesign,FIYTABrandSpaceWatchseriesandtheapplicationprojectwererewardedwithanumberof“theFifthChinaIndustrialAward”andmanymodelsofFIYTABrandwererewardedwithprincipalindustrialawards,including“2018ChinaDesignRedStarAward”,“HonorableMentionofChinaDesign”and“GovernorCupIndustrialDesignAward”,“ShenzhenGift”,etc.Duringthereportingperiod,theCompanycompliedwithconsumers’consumptiondemandofpersonalizationanddiversification,continuedtoreinforcetheinfluenceofthebrandsof“EmileChouriet”,“JONAS&VERUS”,“JEEP”and“BEIJING”,improvedthecompetitionsuperiorityonthesegmentedmarket;theproportionofsalesofmultiplebrandsexceeded25%ofthetotalofthewatchbrandmanagementbusinessandstillkeptquickdevelopment.
II.Continuingtooptimizethewatchretailservicenetworkandconstantlyupgradingcustomerservicequality
HarmonyWorldWatchCenterfirmlygraspedtheopportunityofrevivedgrowthofmedium-andhigh-endwatches,deepenedstrategiccooperationwithSwatch,Rolex,Richemont,Kering,etc.andindividualwatchmakers,acquiredmorehighqualityinternationalbrandresources;andatthesametime,keptcarryingforwardtheworkofchannelupgradinganddevelopmentofkeymedium-andhigh-endchannels.In2018,theunitpriceofHarmonyworldwatchcustomerswassignificantlyimprovedandthechannelswerefurtherconcentratedonmedium-andhigh-end.Sofar,HarmonyWorldWatchCenterhas190channelsoffamousbrandwatchesofmedium-andhigh-end.Atthesametime,forthepurposeofsatisfyingcustomers’newdemandofconsumingonlineinternationalbrands,Harmonyacceleratedlayoutofonlinechannelsbyunitinginternationalbrands;basedontheexistingbrands,includingOris,Titoni,whichhavebeenauthorizedforonlinesale,HarmonyhasopenedCarlF.BuchererBrandJDofficialflagshipstoreandTISSOTBrandT-MallFranchiseStore.Forthepurposeofcontinuouslyimprovingcustomerservicequalityandsharingthehugespaceoffamousbrandwatchinventorymarket,Harmonycontinuedtodeveloptechnicalservicebusiness.In2018,HarmonyandSwatchGroupjointlyopenedthefirstbrandcomprehensiveafter-saleservicecenter.Nowthesaidtechnicalservicecenterhas150channels.Inthereportingperiod,theCompanycontinuedtocarryforwardupgradingofBRANDGALLERYoperationandchanneldevelopmentwork,haspossessed150BRANDGALLERYfamousbrANdchannelsbasedonmediumendandfashionandthechannelinfluencehasbeenfurtherimproved.
III.EnthusiasticallyMakingLayoutofNewBusinessesandStartingIntelligentRetailinaCooperativeWay
Basedonthequickgrowthofsmartwatchmarket,theCompanyspeededuplayoutofsmartwatchbusinessandpromotedbusinessinnovation.In2018,FIYTABrandlaunchedthefirstpointertypeaerobiccapacitysmartwatch-JOYUPseriesandJEEPBrandlaunchedsmartall-realmwatch;where,theCompanyachievedinnovativebreakthroughinthefieldofheavysmartwatchbyJEEPBrandsmartwatch,inwhichtheCompanyappliedQUALCOMMradiotechnologyandcreated4Gall-netindependentcommunicationwiththefunctionsofsports,navigation,payment,etc.Itenjoysfirstmoveradvantageintermsoffunctionsandtechnologyintheindustry,hasreceivedgoodresponseinmarketsalesandmorethan10,000unitsweresoldinthreemonthsaftercomingintothemarket.
Inlightofthenewdevelopmenttrendofintelligentretail,forthepurposeofbringthesuperiorityoftheCompany'sretailnetworkandprofoundmedium-andhigh-endmemberresourceintobetterplay,in2018,theCompany,centeringthetrendofcustomers’experience,improvementofoperationefficiencyandwhole-channelintegrationdevelopment,etc,startedtheintelligentretailprojectwithcooperationofOC&C,aninternationalconsultinginstitution.
IV.InsistingonIndependentScience&TechnologyInnovationandConsolidatingtheCoreTechnologyPower
In2018,theCompanybroughttheadvantageofthewatchmanufacturebasesinShenzhenandSwitzerlandintogoodplay,integrateddomesticandforeignresources,constantlyincreasedinvestmentinthefieldofkeytechnologies,includingthedrivingunitsofmechanicalwatches,researchonapplicationofnewmaterials,spacewatchandsmartwatches,keptenhancingitsleadingpositionofindependentinnovationinChinawatchbrands,achievedquiteanumberofscientificresearchresultsandachievedgreatprogressinpartialkeytechnologyR&Dofdrivingunits,materials,etc.In2018,theCompanyaccumulativelyappliedfor57patents,including15inventionandutilitymodelpatents.Relyingontheaccumulationinaspectsofinnovationmechanism,innovationabilityandinnovationtalents,theCompanywaselectedanationalconsumergoodsstandardizationdemonstrationbaseandapost-doctorialinnovationpracticebaseinShenzhen.
V.FocusingonCreationofEnterpriseValuesandCarryingforwardRefinedOperationManagement
In2018,theCompanyfocusedonvaluecreationandsparednoeffortincarryingforwardrefinedoperationmanagement.Inthebrandmanagementbusiness,theCompanyactivelyadjustedthebusinessandorganizationstructure,compressedthemanagementlevels,vigorouslycarriedforwardcostandexpenditurecontrol,furtherimprovedtheorganizationefficiency,removedlowefficiencyandloss-makingshopswithfirmdetermination,andeffectivelycontrolledtheoperationcost;intheretailservicebusiness,theCompanybroughttheadvantageofchannelsizeintoplay,carriedoutsalesdiscountandimprovedcomparableunitshopoutput.ASAResult,thegrossprofitofHarmonyworldwatchbusinessincreasedby1.96%andcomparableunitshopoutputgrewby4%.In2018,theCompany,withthehelpofscientificmanagementtools,systematicallysolvedthekeyandtoughproblemsexistingintheoperationmanagement,continuouslycarriedforwardprocessoptimizationandconstructionofprecisesupplychain,furtheroptimizedtheinventorystructure,withthetotalamountdroppedbyCNY38.2204millionovertheyearbeginningandinterest-bearingliabilitiesdroppedbyCNY88.8778millionovertheyearbeginning.
VI.CarryingforwardConstructionoftheIncentiveMechanismandCultureandFurtherImprovingOrganizationVitality
Forthepurposeadaptingitselftothechangeofthemarketenvironmentandcustomers,theCompanyinsistedontheenterprisespiritofinheritanceandinnovationandestablishedandreleasedthenewculturalsystem.Inaddition,theCompanypracticedA-sharerestrictivestockincentiveprogramwithavalidtermof5years(PhaseI)andgranted4.224millionA-sharerestrictivestockto128backboneemployees.Bymeansofconstructionofthenewculturesystemandlong-termincentivemechanism,theCompanyfurtherimprovedthevitalityoftheorganization,supportedthenewturnofdevelopmentstrategyinlandingandarrivalofvariousoperationobjectives.
MovementoftheMajorFinancialItemsin2018:

  StatementItems            2018                  2017          Increase/Decrease              Notetothemovement

                                                                        (%)

Balancesheetitems

  Advancepayments        13,666,816.33            24,663,314.53          -44.59%    Itwasmainlyduetodecreaseofadvancepaymentforgoods
                                                                                  attheendofthereportingperiod

  Otherreceivables        45,870,582.26            34,990,539.09            31.09%    Itwasmainlyduetoincreaseofthedepositinsecurityand
                                                                                  cashdepositattheendofthereportingperiodovertheyear
                                                                                  beginning.

  Othercurrentassets        73,703,312.24            24,616,815.21          199.40%    ItwasmainlyduetoincreaseoftheinputVATtobeoffsetat
                                                                                  theendofthereportingperiodovertheyearbeginning.

    Interestpayable          772,351.26              1,464,729.11            -47.27%    Itwasmainlyduetobankloanattheendofthereporting

                                                                                  periodandthecorrespondingdecreaseoftheinterestpayable
                                                                                  attheendofthereportingperiod.

Non-currentliabilitiesdue        347,470.00            35,000,000.00          -99.01%    Itwasmainlyduetothatthelong-termloanduewithinayear
    withinayear                                                                    wasrepaidattheendofthereportingperiod.

  Long-termborrowings        4,517,110.00            79,870,353.00          -94.34%    Itwasmainlyduetothatthespecial-purposeloanforthe

                                                                                  watchindustrybaseinGuangmingNewZonewasrepaidin
                                                                                  thereportingyear.

    Deferredincome          3,672,855.36            5,904,000.00            -37.79%    Itwasmainlyduetothatthepartialgovernmentsubsidytobe
                                                                                  recognizedattheyearbeginningwasrecognizedasother

                                                                                  incomeduringthereportingyear.

ProfitStatementItems

    Interestcost          27,552,558.81            41,825,035.34          -34.12%    Itwasmainlyduetothatasthebankloandecreasedinthe
                                                                                  reportingyearandthepaymentforinterestcostdecreased
                                                                                  correspondingly.

Lossfromimpairmentof      3,264,956.18            62,427,499.61          -94.77%    Itwasmainlyduetodecreaseoftheprovisionforpricefalling
      assets                                                                      ofinventoriesinthereportingyearoverthesameperiodofthe
                                                                                  previousyear.

Incomefromdisposalof        -181,302.24              7,321,993.36          -102.48%    Theincomefromdisposalofassetsinthesameperiodofthe
      assets                                                                      previousyearwasmainlytheincomefromdisposalofthe

                                                                                  non-operatingrealestateofStation68Ltd.,oneofthe

                                                                                  Company'ssolely-fundedsubsidiaries,andthereexistedno
                                                                                  suchcaseinthereportingyear.

CashFlowStatementItems

Rebatedtaxesreceived        4,793,245.20              886,252.20            440.84%    ItwasmainlyduetoincreaseoftherebatedinputVATinthe
                                                                                  reportingyearoverthesameperiodofthepreviousyear.

Netcashfromdisposalof        53,280.03              10,678,135.25          -99.50%    Itwasmainlytheincomefromdisposalofthenon-operating
fixedassets,intangible                                                                realestateofStation68Ltd.inthesameperiodofthe

assetsandrecoveryof                                                                previousyear.


  otherlongtermassets
2.Didthereexistanysignificantchangeintheprincipalbusinessduringthereportingperiod
No
3.Productstakingover10%oftheprimeoperatingrevenueorprimeoperatingprofitoftheCompany

                                                                                                    InCNY
                                                                            Year-on-year        Year-on-year        Year-on-year

                                                                          increase/decreaseof  increase/decreaseof  increase/decreaseof
  Productdescription    Operatingrevenue    Operatingprofit      Grossprofitrate    operatingrevenue    operatingprofitover  grossprofitrateover
                                                                            overthesame      thesameperiodof    thesameperiodof

                                                                          periodofprevious      previousyear        previousyear

                                                                                year

Watchretailand        2,090,970,707.50      514,107,944.07            24.60%            2.51%            13.62%            2.40%
services

Watchbrand          1,102,309,603.80      768,173,914.58            69.70%            -3.53%            -3.51%            0.01%
business

Sophisticated            70,742,449.85      11,309,508.86            16.00%          102.78%          227.63%            6.09%
manufacture

Leases                118,323,969.04      95,849,521.12            81.00%            8.11%            4.56%            -2.74%
Others                  18,103,869.71      17,199,937.07            95.00%            -5.19%            11.71%            14.37%
4.DoesthereexistoperationseasonalityorperiodicitynecesSARytobepaidspecialattentionto
No
5.NotetotheSignificantChangeinOperationRevenue,OperationCosts,TotalAmountofCompositionoftheNetProfitAttributabletotheCompany'sCommonShareholdersduringtheReportingPeriodoverthePreviousReportingPeriod
Inapplicable
6.ListingSuspensionorDelistingPossiblytobeConfrontedwith
Inapplicable
7.MattersinConnectionwiththeFinancialReport
(1)ExplanationontheChangesintheAccountingPolicy,AccountingEstimate,andAccountingMethodinComparisonwiththeFinancialReportofthePreviousYear
Inapplicable
(2)ExplanationonSeriousAccountingErrorsOccurredduringtheReportingPeriod  NecesSARytobeRestatedRetrospectively
Inapplicable
(3)ExplanationontheChangesintheScopeoftheConsolidatedStatementsinComparisonwiththeFinancialReportofthePreviousYear
Inapplicable

                                                                      FIYTAHOLDINGSLTD.


                                                                        BoardofDirectors
                                                                          March15,2019
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