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苏威孚B(200581)公告正文

苏威孚B:2011年第三季度报告全文(英文版)[一]

公告日期:2011-10-26

 Weifu High-Technology Group Co., Ltd.                              The Third Quarterly Report for 2011(Full-text)



                   WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
                    THE THIRD QUARTERLY REPORT FOR 2011
                                                (FULL TEXT)
§1. Important Notes
1.1 Board of Directors and the Supervisory Committee of Weifu High-Technology Group Co., Ltd.
(hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby
confirm that there are no any fictitious statements, misleading statements, or important omissions
carried in this report, and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
1.2 The Third Quarterly Financial Report of 2011 has not been audited by CPAs.
1.3 Wang Weiliang, Principal of the Company; Sun Qingxian, Person in Charge of Accounting
Work; Sun Qingxian, Person in Charge of Accounting Organization (Accounting Officer) hereby
confirm that the Financial Report of the Third Quarterly Report is true and complete.
§2. Company Profile

2.1 Main accounting highlights and financial indexes:
                                                                                              In RMB Yuan
                                                                                             Increase/decrease
                                             2011.9.30              2010.12.31
                                                                                                 scope (%)
Total assets (RMB)                          7,469,258,682.60        6,761,622,809.90                     10.47%
Owners’ equities attributable to
the shareholders of listed                  4,715,080,099.85        4,106,208,383.62                        14.83%
company (RMB)
Share capital (Share)                         567,275,995.00          567,275,995.00                          0.00%
Net assets per share attributable
to the shareholders of listed                            8.31                      7.24                     14.78%
company (RMB/Share)
                                                          Increase/decre
                                                                                          Increase/decreas
                                                           ase over the
                                                                                           e over the same
                                         July-Sept. 2011 same period Jan.-Sept. 2011
                                                                                            period of the
                                                            of the last
                                                                                            last year (%)
                                                             year (%)
Total operating income (RMB)             1,177,452,796.94         -11.22 4,455,012,543.90           12.02%
Net profit attributable to the
shareholders of listed company            210,973,144.56            -29.14    855,636,774.06                   38.71
(RMB)
Net cash flow arising from
                                                -               -             151,180,725.14                  -64.89
operating activities (RMB)
Net cash flow arising from
operating activities per share                  -               -                          0.27               -64.47
(RMB/Share)
Basic earnings per share
                                                     0.37           -28.85                 1.51                38.53
(RMB/Share)
Diluted earnings per share
                                                     0.37           -28.85                 1.51                38.53
(RMB/Share)
Weighted average return on
                                                    4.66%            -4.36             19.22%                  -0.37
equity (%)
Weighted average return on
                                                    4.66%            -4.35             19.10%                  -0.38
equity      after      deducting


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 Weifu High-Technology Group Co., Ltd.                        The Third Quarterly Report for 2011(Full-text)



non-recurring gains/losses (%)

Items of non-recurring gains and losses
√Applicable            □Inapplicable
                                                                                           In RMB Yuan
                                                                                           Remarks (If
        Items of non-recurring gains and losses                 Amount
                                                                                           applicable)
Gains and losses from the disposal of non-current
                                                                      3,314,005.81
asset
Governmental subsidy calculated into current gains
and losses, while closely related with the business of
the Company, excluding the           fixed-amount or                  1,815,300.00
fixed-proportion governmental subsidy according to
the unified national standard
Cost invested for getting subsidiaries, affiliated
corporation and joint corporation is more than
income arising from fair value of recognizable net                    1,240,984.11
asset of invested units when getting investment
income
Other non-operating income and expenditure beside
                                                                        188,796.45
for the aforementioned items
Impact on income tax                                                   -931,937.27
Impact on minority shareholders’ equity                               -420,141.26
                          Total                                       5,207,007.84            -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
                                                                                               In Share
     Total number of shareholders
                                                                                                 36,506
      at the end of report period
       Particulars about the shares held by the top ten shareholders with unrestricted conditions
                                                   Unrestricted shares held at
            Full name of shareholder                                                Type of shares
                                                           period-end
Wuxi Industry Development Group Co., Ltd.                          28,363,800 RMB common share
China Construction Bank—Fuguo Tianbo
Innovation Theme Stock Securities Investment                       18,989,869 RMB common share
Fund
                                                                                  Domestically listed
ROBERT BOSCH GMBH                                                  18,387,200
                                                                                     foreign share
GUOTAI JUNAN                                                                      Domestically listed
                                                                   13,038,375
SECURITIES(HONGKONG) LIMITED                                                         foreign share
                                                                                  Domestically listed
GAOLING FUND,L.P.                                                  12,502,715
                                                                                     foreign share
DRAGON BILLION CHINA MASTER                                                       Domestically listed
                                                                   10,936,046
FUND                                                                                 foreign share
China Construction Bank – Huaxia Advantage
                                                           10,884,194            RMB common share
Growth Stock Securities Investment Fund
Bank of Communications – E-fund Science
                                                                   10,260,006 RMB common share
Stock Securities Investment Fund
Agriculture Bank of China –China Post Core                          8,990,507 RMB common share


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 Weifu High-Technology Group Co., Ltd.                       The Third Quarterly Report for 2011(Full-text)



 Growth Stock Securities Investment Fund
Agriculture Bank of China – Changsheng
Tongde Theme Growth Stock Securities                               6,591,631 RMB common share
Investment Fund

§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable              □Inapplicable
Note receivable shows 40.15% up over that of year beginning, mainly results from the soaring
business income.
Account paid in advance shows 41.36% up over that of year beginning, mainly due to the increase of
amount paid in advance for equipments.
Construction in progress shows 208.91% up over that of year beginning, mainly because more
investment in technology reforming and parent company increase more construction in industry zone.
Short-term loans show 100.64% up over that of year beginning, mainly because short-term loans
from bank increased for business operation need.
Note payable shows 44.99% down than that of year beginning, mainly because the note payable has
been paid for expiration.
Account received in advance shows 46.58% up over that of year beginning, mainly results from the
account that received in advance from goods.
Non-operating income shows 499.00% up over same period of last year, mainly due to the increase
of net income from disposal of fixed assets as well as the increase of government grants.
Non-operating expenses show 36.74% down than same period of last year, mainly because net losses
from sales of fixed assets decreased.
Operating profit, total profit and net profit attributable to parent company shows 46.94%, 48.93% and
38.71% respectively than same period of last year, mainly due to the growth of main business and
control in management expenses and sales cost.
Income tax show 201.57% up over same period of last year, mainly results from the soaring profits.
Net cash flow from operating activities show 64.89% down than same period of last year, mainly
because cash paid for goods and for receiving labor increased.
Subtotal of cash in-flow from investment activities show 169.66% up over same period of last year,
mainly because dividend income received from stock-jointly enterprise.
Cash paid for purchasing fixed assets, intangible assets and other long-term assets shows 208.94% up
over same period of last year, mainly because cash paid for purchasing fixed assets increased for
capacity expansion.
Net cash flow arising from financing activities shows 116.81% down than same period of last year,
mainly because cash paid for dividend by the Company increased.
3.2 Progress of significant events, their influences, and analysis and explanation of their
solutions

3.2.1 Qualified opinion
□Applicable           √Inapplicable
3.2.2 Particular about fund offers to controlling shareholders or associated parties and
external guarantee that against the regulation.
□Applicable           √Inapplicable

3.2.3 Particular about signing and implementation on significant contracts of ordinary
management.
□Applicable         √Inapplicable


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 Weifu High-Technology Group Co., Ltd.                        The Third Quarterly Report for 2011(Full-text)



3.2.4 Others
√Applicable             □Inapplicable
The Company issued non-public RMB ordinary share (A share) to major shareholder Wuxi Industry
Development Group Co., Ltd (hereinafter referred to as Industry Group) and foreign strategic
investor Germany Robert Bosch Co., Ltd (hereinafter referred to as Bosch Company) which was
reviewed and passed on the 14th and 15th meeting of the 6th session of board of directors as well as
2010 secondary extraordinary shareholders’ general meeting.
On June 29 of 2011, event about bringing foreign strategic investor in this non-public issue program
had obtained principle reply from national commerce department (SZP [2011] No. 678 Reply to that
Commerce Department Agreed that German Robert Bosch Co., Ltd Strategically Invests Wuxi Weifu
High-Tech Group Holding Co., Ltd). Commerce Department agreed in principle that German Robert
Bosch Co., Ltd subscribes non-public RMB ordinary shares (A share) issued by Wuxi Weifu
High-Tech Group Holding Co., Ltd in cash.
Acceptance Notification was received by the Company on 6 July 2011 from CSRC, and the Feedback
Notification obtained on 12 August 2011 from CSRC.
The “proposal of Pre-plan of Non-public placement of the Company (Revised)” was deliberated and
approved by 20th Meeting of 6th Session of the Board.
Presently the program about the non-public issue had been reported to CSRC. Implementation could
be only when CSRC approved it. And the approval finally depends on the decision of China
Securities Supervision Administration Commission.

3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments made by the listed company and its directors, supervisors, senior executives, the
shareholders with holding above 5% shares and its actual controller in the report period or lasting
until the report period.
√Applicable              □Inapplicable
   Commitments           Promiser              Content of commitments             Implementation
                                       Net profit of RMB 8.5 hundred million
                                       gained from 2006 to 2008, among
                                       which RMB 3.4 hundred million
                                       gained in 2008. Base on the circulated
                                       A shares before the Share Merger
Commitments for Wuxi Industry
                                       Reform, additional 0.5 shares
Share Merger          Development                                             Implemented
                                       distributed for every 10 shares.
Reform                Group Co., Ltd.
                                       Proportion of cash dividend from 2006
                                       to 2008 is not less than 50% of
                                       distributable profit for investors
                                       realized by the Company in current
                                       years.
Commitments
made in
Acquisition Report Inapplicable        Inapplicable                           Inapplicable
or Reports on
Change in Interests
Commitments
made in Material
                      Inapplicable     Inapplicable                           Inapplicable
Assets
Reorganization
Commitments
                      Inapplicable     Inapplicable                           Inapplicable
made in issuing


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 Weifu High-Technology Group Co., Ltd.                     The Third Quarterly Report for 2011(Full-text)



                                     In order to promote the listed
                                     company’s    steady    and    healthy
                                     development, fully mobilize senior
                                     executives so as to ensure to combine
                                     the interests of the governance and The           aforesaid
Other commitments                    shareholders of the Company, Weifu commitment is being
                   Wuxi Industry
(including                           Industry Group committed: after Weifu implemented,      and
                   Development
additional                           High-tech finishing Share Merger would be performed
                   Group Co., Ltd.
commitments)                         Reform, under related regulations of since related police is
                                     the state and Wuxi government in released.
                                     terms of governance encouragement
                                     system of listed company, the Group
                                     would the stock incentive plan for
                                     management level of Weifu High-tech.
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next
report period to be loss probably or the warning of its material change compared with the
corresponding period of the last year and explanation of reason
□Applicable           √Inapplicable
3.5 Particulars about the other significant events which needed explanations

3.5.1 Particular about security investment
□Applicable           √Inapplicable

3.5.2 Activities on receiving research, communication and interview in the report period
                                                     The received     Contents discussed and
       Date             Place             Way
                                                        parties          materials supplied
                     Conference
                                                    Union Life;    Operation status and future
2011-07-01           room of the      Spot research
                                                    Huachuang      development of the Company
                      Company
                     Conference
                                                    CITIC          Operation status and future
2011-07-07           room of the      Spot research
                                                    Securities     development of the Company
                      Company
3.6 Particulars about derivatives investment
□Applicable            √Inapplicable

3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable          √Inapplicable

§4. Appendix

4.1 Balance sheet
Prepared by Weifu High-Technology Group Co., Ltd.      30 Sept. 2011             In RMB Yuan
                                   Balance at period-end             Balance at year-begin
             Items
                               Consolidation Parent Company Consolidation Parent Company
Current assets:
      Monetary funds           532,766,107.38 111,670,025.63 596,958,764.21 149,943,763.55
      Settlement provisions
      Capital lent
      Transaction      finance
asset


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Weifu High-Technology Group Co., Ltd.                       The Third Quarterly Report for 2011(Full-text)



                                  1,170,625,413.4
    Notes receivable                              371,261,157.18 835,266,266.32 291,611,147.00
                                                6
                                  1,059,698,079.6
    Accounts receivable                           604,692,474.08 999,798,439.30 567,607,398.18
                                                0
      Accounts       paid      in
                                   148,676,214.95 31,173,550.49 105,176,780.11             42,468,803.76
advance
      Insurance receivable
      Reinsurance receivables
      Contract reserve of
reinsurance receivable
      Interest receivable
      Dividend receivable          293,937,925.48 286,931,298.97                            8,496,690.22
      Other receivables              9,286,087.77 155,764,285.72      6,892,216.92        137,067,355.21
      Purchase         restituted
finance asset
      Inventories                 871,005,977.34 267,880,344.26 917,694,296.54            277,723,002.78
  Non-current asset due
within one year
      Other current assets          11,624,005.28                     9,210,782.24
                                  4,097,619,811.2 1,829,373,136.3 3,470,997,545.6        1,474,918,160.7
Total current assets
                                                6               3                4                     0
Non-current assets:
      Granted      loans      and
advances
      Finance asset available
for sales
      Held-to-maturity
investment
      Long-term          account
receivable
      Long-term           equity 1,658,832,263.1 2,467,090,112.1 1,892,112,152.4         2,558,225,582.6
investment                                      4               5                6                     2
      Investment property            4,582,945.50                     4,965,879.52
                                  1,124,172,150.1
      Fixed assets                                 540,049,722.60 1,110,068,115.28        538,628,218.28
                                                8
      Construction in progress 439,446,522.31 368,773,500.79 142,256,732.63               125,932,175.31
      Engineering material
      Disposal of fixed asset
      Productive      biological
asset
      Oil and gas asset
      Intangible assets             86,981,728.05 26,231,104.11 85,655,823.12              26,733,764.37
      Expense on Research
and Development
      Goodwill                       1,784,086.79                     1,784,086.79
      Long-term expenses to
                                     9,240,503.38                     7,473,629.75
be apportioned
      Deferred income tax
                                    46,598,671.99 15,980,273.57 46,308,844.71              16,198,870.70
asset


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Weifu High-Technology Group Co., Ltd.                       The Third Quarterly Report for 2011(Full-text)



     Other non-current asset
                                  3,371,638,871.3 3,418,124,713.2 3,290,625,264.2 3,265,718,611.2
Total non-current asset
                                                4               2               6               8
                                  7,469,258,682.6 5,247,497,849.5 6,761,622,809.9 4,740,636,771.9
Total assets
                                                0               5               0               8
Current liabilities:
      Short-term loans            541,740,012.28 511,740,012.28     270,000,000.00 240,000,000.00
      Loan from central bank
      Absorbing deposit and
interbank deposit
      Capital borrowed
      Transaction      financial
liabilities
      Notes payable               214,512,149.59 109,230,000.00      389,985,533.69 200,278,487.00
                                  1,171,514,846.7                   1,195,053,077.8
      Accounts payable                             722,769,528.38                   766,617,178.72
                                                5                                 4
      Accounts received in
                                    61,962,123.43 25,217,537.39      42,271,899.15         20,438,892.15
advance
      Selling financial asset of
repurchase
      Commission charge and
commission payable
      Wage payable                273,050,098.34 182,501,034.05     269,751,945.96 168,133,427.32
      Taxes payable                 46,368,015.90 19,372,802.56     107,903,963.31 28,582,184.41
      Interest payable                 794,885.00      720,000.00       490,000.00     320,000.00
      Dividend payable                                               18,696,539.18
      Other accounts payable        83,954,217.50 175,337,438.76     62,501,613.74 56,125,853.06
      Reinsurance payables
      Insurance         contract
reserve
      Security trading of
agency
      Security sales of agency
      Non-current liabilities
due within 1 year
      Other current liabilities     30,841,731.90      560,253.18     24,330,259.35
                                  2,424,738,080.6 1,747,448,606.6   2,380,984,832.2 1,480,496,022.6
Total current liabilities
                                                9               0                 2               6
Non-current liabilities:
      Long-term loans                3,000,000.00                      3,000,000.00
      Bonds payable
      Long-term          account
                                    15,670,000.00                    15,670,000.00
payable
      Special          accounts
payable
      Projected liabilities                          1,481,745.84                            1,481,745.84
   Deferred      income       tax
                                     2,679,195.44                      2,801,008.40
liabilities
      Other         non-current 16,705,000.00                        13,350,000.00


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liabilities
Total non-current liabilities        38,054,195.44    1,481,745.84 34,821,008.40      1,481,745.84
                                   2,462,792,276.1 1,748,930,352.4 2,415,805,840.6 1,481,977,768.5
Total liabilities
                                                 3               4               2               0
Owner’s        equity       (or
shareholders’ equity):
      Paid-in capital (or share
                                  567,275,995.00 567,275,995.00 567,275,995.00             567,275,995.00
capital)
      Capital public reserve     895,918,416.59 923,981,806.57 895,918,416.59              923,981,806.57
      Less: Inventory shares
      Reasonable reserve
      Surplus public reserve     283,637,997.50 283,637,997.50 283,637,997.50              283,637,997.50
      Provision of general risk
                                 2,968,247,690.7 1,723,671,698.0 2,359,375,974.5          1,483,763,204.4
      Retained profit
                                               6               4               3                        1
      Balance difference of
foreign currency translation
Total      owner’s      equity
                                 4,715,080,099.8 3,498,567,497.1 4,106,208,383.6          3,258,659,003.4
attributable      to     parent
                                               5               1               2                        8
company
Minority interests                291,386,306.62                  239,608,585.66
                                 5,006,466,406.4 3,498,567,497.1 4,345,816,969.2          3,258,659,003.4
Total owner’s equity
                                               7               1               8                        8
Total liabilities and owner’s 7,469,258,682.6 5,247,497,849.5 6,761,622,809.9            4,740,636,771.9
equity                                         0               5               0                        8

4.2 Profit statement in the report period
Prepared by Weifu High-Technology Group Co., Ltd.        July-Sept. 2011        In RMB Yuan
                                     Amount in this period               Amount in last period
               Items
                                Consolidation Parent Company Consolidation Parent Company
I. Total operating income      1,177,452,796.94 529,338,139.30 1,326,188,298.11 699,629,841.29
Including: Operating income 1,177,452,796.94 529,338,139.30 1,326,188,298.11 699,629,841.29
      Interest income
      Insurance gained
      Commission charge and
commission income
II. Total operating cost       1,002,449,831.05 467,960,277.40 1,156,072,488.96 621,583,870.17
Including: Operating cost        861,680,958.14 421,558,002.41 1,032,907,120.72 557,970,653.80
      Interest expense
      Commission charge and
commission expense
      Cash surrender value
      Net amount of expense
of compensation
      Net       amount     of
withdrawal of insurance
contract reserve
      Bonus       expense  of
guarantee slip


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      Reinsurance expense
      Operating       tax     and
                                          6,714,043.48     2,386,616.18       8,718,701.68          3,545,726.20
extras
      Sales expenses                     30,743,177.08    16,394,667.55      28,771,114.41        16,152,177.11
      Administration
                                         91,566,163.73    20,510,897.22      76,125,882.86        32,458,945.36
expenses
      Financial expenses                 11,792,584.16     7,110,094.04      16,467,058.96        11,846,243.87
      Losses of devaluation
                                            -47,095.54                       -6,917,389.67           -389,876.17
of asset
      Add: Changing income
of fair value(Loss is listed
with “-”)
      Investment          income
                                         75,022,890.19    67,060,669.31    153,288,779.38 145,253,793.27
(Loss is listed with “-”)
      Including: Investment
income        on        affiliated       74,997,890.19    65,753,121.39    153,288,779.38 145,253,793.27
company and joint venture
      Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
                                     250,025,856.08      128,438,531.21    323,404,588.53 223,299,764.39
is listed with “-”)
      Add:        Non-operating
                                           403,307.25         39,306.18         610,562.18            194,657.86
income
      Less:       Non-operating
                                          1,702,616.07      949,488.83        1,722,891.04            706,173.51
expense
      Including: Disposal loss
                                           467,385.87       420,150.69          132,087.93               6,543.67
of non-current asset
IV. Total Profit (Loss is
                                     248,726,547.26      127,528,348.56    322,292,259.67 222,788,248.74
listed with “-”)
      Less:      Income        tax
                                         27,212,766.11     9,060,587.93      15,583,560.30          4,488,649.74
expense
V. Net profit (Net loss is
                                     221,513,781.15      118,467,760.63    306,708,699.37 218,299,599.00
listed with “-”)
      Net profit attributable to
                                     210,973,144.56      118,467,760.63    297,725,355.66 218,299,599.00
owner’s of parent company
     Minority shareholders’
                                         10,540,636.59                        8,983,343.71
gains and losses
VI. Earnings per share
i. Basic earnings per share                       0.37             0.21                  0.52                 0.38
ii. Diluted earnings per share                    0.37             0.21                  0.52                 0.38
VII. Other consolidated
income
VIII. Total consolidated
                                     221,513,781.15      118,467,760.63    306,708,699.37 218,299,599.00
income
Total consolidated income
attributable to owners of            210,973,144.56      118,467,760.63    297,725,355.66 218,299,599.00
parent company
Total consolidated income
                                         10,540,636.59                        8,983,343.71
attributable to minority


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shareholders
The merging party realized net profit of RMB 00.00 before consolidation under same control in this
period.
4.3 Profit statement from year-begin to the end of report period
Prepared by Weifu High-Technology Group Co., Ltd.           Jan.-Sept. 2011          In RMB Yuan
                                        Amount in this period               Amount in last period
              Items
                                   Consolidation Parent Company Consolidation Parent Company
I. Total operating income         4,455,012,543.90 2,101,482,526.55 3,976,875,434.09 2,027,554,850.52
Including: Operating income 4,455,012,543.90 2,101,482,526.55 3,976,875,434.09 2,027,554,850.52
      Interest income
      Insurance gained
      Commission charge and
commission income
II. Total operating cost          3,807,011,260.71 1,894,942,029.67 3,640,197,387.05 1,923,381,756.63
Including: Operating cost         3,287,902,566.89 1,697,595,595.84 3,125,962,908.32 1,727,975,055.97
      Interest expense
      Commission charge and
commission expense
      Cash surrender value
      Net amount of expense
of compensation
      Net        amount        of
withdrawal of insurance
contract reserve
      Bonus       expense     of
guarantee slip
      Reinsurance expense
      Operating tax and extras       25,134,659.55      7,014,211.95     25,010,319.06     9,979,232.93
      Sales expenses                 81,253,127.70     36,097,114.99 104,027,226.24       53,762,858.07
      Administration expenses       380,652,812.74 134,830,285.58 367,432,387.19 117,601,282.35
      Financial expenses             32,062,834.72    19,184,097.69      33,906,337.26    24,444,368.87
      Losses of devaluation of
                                          5,259.11        220,723.62 -16,141,791.02 -10,381,041.56
asset
      Add: Changing income
of fair value(Loss is listed
with “-”)
      Investment          income
                                    368,633,954.81 334,810,779.55 355,206,778.10 323,446,912.84
(Loss is listed with “-”)
      Including:      Investment
income on affiliated company        368,608,954.81 333,503,231.63 353,396,778.10 321,636,912.84
and joint venture
      Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
                                  1,016,635,238.00 541,351,276.43 691,884,825.14 427,620,006.73
is listed with “-”)
      Add:        Non-operating
                                      7,688,170.17      3,683,251.55      1,283,503.52       580,549.69
income
      Less:       Non-operating
                                      5,899,956.25      2,813,404.76      9,326,777.56     5,679,668.71
expense


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      Including: Disposal loss
                                          970,822.14     625,191.23   4,088,036.60            3,142,925.86
of non-current asset
IV. Total Profit (Loss is
                                    1,018,423,451.92 542,221,123.22 683,841,551.10        422,520,887.71
listed with “-”)
      Less:       Income       tax
                                      122,557,403.51  55,547,571.76  40,639,596.64            7,433,187.14
expense
V. Net profit (Net loss is
                                      895,866,048.41 486,673,551.46 643,201,954.46        415,087,700.57
listed with “-”)
      Net profit attributable to
                                      855,636,774.06 486,673,551.46 616,832,817.18        415,087,700.57
owner’s of parent company
     Minority        shareholders’
                                       40,229,274.35                 26,369,137.28
gains and losses
VI. Earnings per share
i. Basic earnings per share                     1.51           0.86           1.09                        0.73
ii. Diluted earnings per share                  1.51           0.86           1.09                        0.73
VII.     Other        consolidated
income
VIII.     Total       consolidated
                                      895,866,048.41 486,673,551.46 643,201,954.46        415,087,700.57
income
Total consolidated income
attributable to owners of             855,636,774.06 486,673,551.46 616,832,817.18        415,087,700.57
parent company
Total consolidated income
attributable       to    minority      40,229,274.35                 26,369,137.28
shareholders
The merging party realized net profit of RMB 00.00 before consolidation under same       control that
occurred from year-begin to end of this period.

4.4 Cash flow statement from year-begin to the end of report period
Prepared by Weifu High-Technology Group Co., Ltd.       Jan.-Sept. 2011          In RMB Yuan
                                   Amount in this period                Amount in last period
               Items
                               Consolidation   Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
      Cash received from
selling commodities and 4,329,025,017.62 2,323,782,970.24 3,595,593,993.52 2,105,209,010.87
providing labor services
      Net      increase     of
customer       deposit    and
interbank deposit
      Net increase of loan
from central bank
      Net increase of capital
borrowed        from     other
financial institution
      Cash received from
original insurance contract
fee
      Net cash received from


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reinsurance business
      Net increase of insured
savings and investment
      Net increase of disposal
of transaction financial asset
    Cash received from
interest, commission charge
and commission
      Net increase of capital
borrowed
      Net increase of returned
business capital
      Write-back      of    tax
                                          29,973,329.29                       18,028,224.82
received
      Other cash received
concerning            operating           25,918,700.01    26,365,073.28      16,481,618.68           5,508,407.70
activities
       Subtotal of cash
inflow arising from                 4,384,917,046.92 2,350,148,043.52 3,630,103,837.02 2,110,717,418.57
operating activities
      Cash       paid       for
purchasing commodities and          3,212,136,358.85 1,728,083,993.52 2,437,628,830.62 1,618,869,216.55
receiving labor service
      Net      increase      of
customer loans and advances
      Net increase of deposits
in central bank and interbank
      Cash paid for original
insurance              contract
compensation
      Cash paid for interest,
commission charge and
commission
      Cash paid for bonus of
guarantee slip
      Cash paid to/for staff
                                         379,198,398.83   152,996,896.02    318,903,593.76        140,338,833.00
and workers
      Taxes paid                         461,382,858.72   156,539,249.78    287,132,055.84        107,037,310.66
      Other      cash      paid
concerning            operating          181,018,705.38   163,822,709.52    155,899,809.44          74,177,114.92
activities
      Subtotal     of     cash
outflow      arising      from      4,233,736,321.78 2,201,442,848.84 3,199,564,289.66 1,940,422,475.13
operating activities
      Net cash flows arising
                                         151,180,725.14   148,705,194.68    430,539,547.36        170,294,943.44
from operating activities
II. Cash flows arising from
investing activities:
      Cash received from                                                      29,970,000.00


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recovering investment
    Cash received from
                                        303,972,925.48   304,180,441.27      74,056,484.69         74,056,484.69
investment income
      Net cash received from
disposal of fixed, intangible             7,451,543.81     6,247,182.89      11,881,490.69           8,690,023.34
and other long-term assets
      Net cash received from
disposal of subsidiaries and
other units
      Other cash received
concerning            investing           1,138,436.51
activities
      Subtotal of cash inflow
                                        312,562,905.80   310,427,624.16    115,907,975.38          82,746,508.03
from investing activities
      Cash       paid       for
purchasing fixed, intangible            491,026,427.40   317,440,075.60    158,940,205.61          81,304,566.67
and other long-term assets
      Cash       paid       for
                                                         156,668,800.00    257,743,605.00        221,523,605.00
investment
      Net      increase      of
mortgaged loans
      Net cash received from
subsidiaries and other units
      Other      cash      paid
concerning            investing
activities
      Subtotal     of     cash
outflow     from      investing         491,026,427.40   474,108,875.60    416,683,810.61        302,828,171.67
activities
      Net cash flows arising
                                    -178,463,521.60 -163,681,251.44 -300,775,835.23 -220,081,663.64
from investing activities
III. Cash flows arising from
financing activities
      Cash received from
                                          9,954,090.00                        2,030,490.00
absorbing investment
      Including:          Cash
received from absorbing
                                          9,954,090.00                        2,030,490.00
minority         shareholders’
investment by subsidiaries
      Cash received from
                                        906,480,514.61   876,480,514.61 1,514,832,087.88 1,432,609,959.36
loans
      Cash received from
  issuing bonds
      Other cash received
concerning           financing
activities
      Subtotal of cash inflow
                                        916,434,604.61   876,480,514.61 1,516,862,577.88 1,432,609,959.36
from financing activities
      Cash paid for settling            634,740,502.33   604,740,502.33 1,380,595,885.08 1,264,595,885.08


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debts
     Cash paid for dividend
and profit distributing or               285,752,182.70   265,773,095.59    109,861,219.36        107,381,546.86
interest paying
     Including:      Dividend
and profit of minority
                                          19,979,087.11
shareholder       paid      by
subsidiaries
     Other      cash      paid
concerning           financing                                                 2,265,668.46
activities
     Subtotal      of     cash
outflow from financing                   920,492,685.03   870,513,597.92 1,492,722,772.90 1,371,977,431.94
activities
     Net cash flows arising
                                          -4,058,080.42     5,966,916.69      24,139,804.98         60,632,527.42
from financing activities
IV. Influence on cash and
cash equivalents due to
fluctuation in exchange rate
V. Net increase of cash and
                                         -31,340,876.88    -9,009,140.07    153,903,517.11          10,845,807.22
cash equivalents
     Add: Balance of cash
and cash equivalents at the              465,219,784.67    85,169,165.70    327,527,351.45          85,790,609.19
period -begin
VI. Balance of cash and cash
equivalents at the period                433,878,907.79    76,160,025.63    481,430,868.56          96,636,416.41
-end

4.5 Auditor’s report
Auditor’s opinions: Un-audited



                                                                          Board of Directors of
                                                               Weifu High-technology Group Co., Ltd.
                                                                            October 26, 2011




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