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苏威孚B(200581)公告正文

苏威孚B:2012年第一季度报告全文(英文版)

公告日期:2012-04-18

    Weifu High-Technology Group Co., Ltd.                           Full Text of First Quarterly Report 2012
    Weifu High-Technology Group Co., Ltd.
    First Quarterly Report 2012
    (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 Other directors are attended the Meeting for quarterly report deliberation except for the follow
    directors:
    Name of absent Title for absentee Reasons for absent                   Name of entrustee
    Rudolf Maier             Director          Business trip       Chen Yudong
    Wang Weiliang            Director          Business trip       Chen Xuejun
    1.3 The First Quarterly Financial Report of 2012 has not been audited by CPAs.
    1.4 Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge of Accounting Works
    and Person in Charge of Accounting Organ(Accounting Supervisor) hereby confirm that the
    Financial Report of the First Quarterly Report is true and complete.
    §2. Company Profile
    2.1 Main accounting highlights and financial indexes:
    Unit: RMB
    Changes of
    At the end of the At the period-end
    increase/decr
    report period      of the last year
    ease (%)
    Total assets (RMB)                                 10,504,347,309.51 7,929,217,436.19              32.48
    Owners’ equity attributable to shareholders of
    8,232,929,040.93 5,064,060,401.35              62.58
    the listed company (RMB)
    Total share capital (Share)                           680,133,995.00     567,275,995.00            19.89
    Net asset per share attributable to shareholders
    12.10                 8.93         35.50
    of listed company (RMB/Share)
    Changes of
    In the report    The same period
    increase/decr
    period           of last year
    ease (%)
    Total operating income (RMB)                        1,340,401,162.00 1,617,839,294.12             -17.15
    Net profit attributable to shareholders of the
    247,112,386.65     290,729,479.27           -15.00
    listed company (RMB)
    Net cash flow arising from operating activities
    135,895,279.94 -107,850,912.52
    (RMB)
    Net cash flow arising from operating activities
    0.20               -0.19
    per share (RMB/Share)
    Basic earnings per share (RMB/Share)                              0.41                0.51        -19.61
    Diluted earnings per share (RMB/Share)                            0.41                0.51        -19.61
    Weighted average return on equity (%)                             4.03                6.84         -2.81
    Weighted average return on equity after
    4.01                6.84         -2.83
    deducting non-recurring gains and losses (%)
    Items of non-recurring gains and losses
    √ Applicable □ Inapplicable
    Unit: RMB
    1
    Weifu High-Technology Group Co., Ltd.                           Full Text of First Quarterly Report 2012
    Amount in year-begin to Remarks (If
    Items of non-recurring gains and losses
    the end of report period applicable)
    Gains and losses from the disposal of non-current asset                      1,385,856.03
    Other non-operating income and expenditure except for the
    235,717.56
    aforementioned items
    Impact on income tax                                                            -398,079.84
    Influenced amount of minority shareholders’ equity                              -68,454.81
    Total                                            1,155,038.94        -
    2.2 Total number of shareholders at the end of the report period and shares held by the top
    ten shareholders with unrestricted conditions
    Unit: Share
    Total number of shareholders at the end of report period                                       33,405
    Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
    Amount of tradable
    shares with
    Full Name of shareholder                   unrestricted              Type of shares
    conditions held at the
    end of report period
    WUXI INDUSTRY DEVELOPMENT
    28,363,800 RMB common share
    CROUP CO., LTD.
    China Construction Bank- Fullgoal Tianbo
    20,000,000 RMB common share
    Innovation Theme Stock Fund,
    ROBERT BOSCH GMBH                                            18,387,200 Domestically listed foreign share
    GUOTAI JUNAN
    12,733,479 Domestically listed foreign share
    SECURITIES(HONGKONG) LIMITED
    GAOLING FUND,L.P.                                            12,502,715 Domestically listed foreign share
    DRAGON BILLION CHINA MASTER
    10,936,046 Domestically listed foreign share
    FUND
    China Construction Bank- China AMC
    9,103,321 RMB common share
    Advantage Growth Stock Fund
    Agriculture Bank of China – Changsheng
    8,805,148 RMB common share
    Tongde Theme Growth Stock Fund
    Bank of Communications—E-fund Kexun
    8,600,000 RMB common share
    Stock Investment Fund
    Bank of Communications—fulgoal Tianyi
    7,792,449 RMB common share
    Value Stock 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
    Administrative expense gains a 37.52% down y-o-y in report period, mainly due to the order in this
    first quarter less than same period of last year, the Company strictly control vary expenditures.
    Financial expense gains a 57.43% down y-o-y in report period, mainly because privately offering of
    A-stock has completed in February, current capital was supplied and return loans to bank, and then
    financial expenses reduced.
    Investment income gains a 49.19% down y-o-y in report period, mainly because auto industry market
    in first quarter shows totally down over same period of last, major stock jointly enterprise has a
    decline in performance, resulted a decrease of investment income.
    Current liability has a 24.29% down over that of year-begin, mainly because privately offering of
    2
    Weifu High-Technology Group Co., Ltd.                           Full Text of First Quarterly Report 2012
    A-stock has completed in February, current capital was supplied and return loans to bank
    Monetary capital gains a 257.10% up over that of year-begin, current assets has 51.3% over that of
    year-begin, capital reserve gains 313.52% over that of year-begin, equity attributable to shareholders
    of parent company has a 62.58 growth over year-begin and total assets show a 32.48% up over that of
    year-begin mainly because privately offering of A-stock has completed, capital raised has fully
    funded.
    Cash outflow from operating activities have a 29.49% down y-o-y in report period, mainly because
    cash paid for goods purchased and labor received decreased.
    Cash outflow from investment activities gains a 40.40% up y-o-y in report period, mainly due to the
    participation of privately offering of SDEC.
    Cash inflow from financing activities has dramatically growth mainly due to the fully funded from
    privately offering of A-stock.
    3.2 Analysis and explanation of significant events and their influence and solutions
    3.2.1 Particular about Qualified Opinion
    □Applicable           √Inapplicable
    3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
    external guarantee with procedure violation
    □Applicable           √Inapplicable
    3.2.3 Particular about the significant contract of routine operation signed and implemented
    □Applicable           √Inapplicable
    3.2.4 Other
    □Applicable           √Inapplicable
    3.3 Implementations of commitments by the Company, shareholders and actual controller
    Commitments make within the report period or persisted to the period by listed company and its
    director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
    controller
    √Applicable               □Inapplicable
    Item of                                                                               Implementati
    Promisee                       Content of commitments
    Commitments                                                                                      on
    Non-tradable stocks of Weifu Hi-Tech, held by Industry
    Group, should not be listed or transferred within 60 months
    since right of trading obtained. When commitment terms      The
    Wuxi      expires, listed for trading in Shenzhen Stock Exchange for commitment
    Commitments
    Industry original non-tradable stocks, with total sales amount no       in process of
    for       Share
    Developme more than 5% of total share capital of Weifu Hi-Tech in 12 implementati
    Merger
    nt Group months and no more than 10% of total share capital of          on and no
    Reform
    Co., Ltd. Weifu Hi-Tech in 24 months for sales price of no less than shares held
    10 yuan per share(if ex-rights occurred in line with        reduction.
    regulations, calculated based on minimum price of
    reduction for ex-rights exercised)
    Commitments
    made in
    Acquisition
    Report or       Inapplicable                            Inapplicable                       Inapplicable
    Reports on
    Change in
    Interests
    Commitments
    made in         Inapplicable                            Inapplicable                       Inapplicable
    Material
    3
    Weifu High-Technology Group Co., Ltd.                            Full Text of First Quarterly Report 2012
    Assets
    Reorganizatio
    n
    Wuxi
    Industry
    Developme          Totally 112.858 million A-stocks, privately offered to
    Commitments nt Group           largest shareholder Wuxi Industry Group and foreign    In process of
    made in     Co., Ltd.          strategy investor ROBERT BOSCH GMBH, have listing in implementati
    issuing     and                Shenzhen Stock Exchange dated 29 February 2012 with    on
    ROBERT             limited sales period of 36 months.
    BOSCH
    GMBH
    In order to promote the listed company’s steady and healthy The said
    development, fully mobilize senior executives so as to         commitment
    Other
    Wuxi          ensure to combine the interests of the governance and          is being
    commitments
    Industry      shareholders of the Company, Weifu Industry Group              implemented
    (including
    Developme committed: after Weifu High-tech finishing Share Merger , and would
    additional
    nt Group      Reform, under related regulations of the state and Wuxi        be performed
    commitments
    Co., Ltd.     government in terms of governance encouragement system since related
    )
    of listed company, the Group would the stock incentive         policy is
    plan for management level of Weifu High-tech.                  perfected.
    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 Other significant events which need explanations
    3.5.1 Particulars about securities investment
    √Applicable             □Inapplicable
    Unit: RMB
    Ratio in
    total     Gains/
    Amount
    Initial                                     security losses
    Seria                         Shot                        held at    Book value at
    Type       Code               investment                                   investment in
    l                         form                      period-end     period-end
    amount (RMB)                                         at       report
    (Share)
    period-end period
    (%)
    1 Stock        600841 SDEC 199,208,000.00 14,800,000 270,840,000.00                    100.00 0.00
    Other security investment held
    0.00      -                  0.00          0.00 0.00
    at period-end
    Gains/losses of security
    -              -              -               -         0.00
    investment sold in report period
    Total                 199,208,000.00         -       270,840,000.00            100 0.00
    Explanation of securities investment
    Participated in subscription of SDEC privately offering of A-stocks was deliberated and approved in
    23rd Meeting of 6th Session of the Board. Subscribe 14,800,000 shares of SDEC with 13.46 yuan per
    share, a 2.72% in total share capital of SDEC after privately offering. The Company promised not to
    transfer the shares within 12 months since subscription, limited sales terms (23 March 2012 to 22
    March 2013), book value at period-end amounting to RMB 270,840,000.00.
    4
    Weifu High-Technology Group Co., Ltd.                           Full Text of First Quarterly Report 2012
    3.5.2 Registration form for receiving research, communication and interview in the report
    period
    Type of                       Contents discussed and
    Date            Place         Method                      Investor
    investors                        materials supplied
    Conference room        Spot                 China Merchants Analysis of market for
    2012-03-02                                   Institution
    of the Company research                    Securities         year of 2012
    CITIC Securities,
    Conference room        Spot                                    Analysis of market for
    2012-03-07                                   Institution   Ping An
    of the Company research                                       year of 2012
    Securities
    3.6 Particulars about derivatives investment
    □Applicable            √Inapplicable
    3.6.1 Particulars about derivatives investment held at the end of report period
    □Applicable            √Inapplicable
    §4. Appendix
    4.1 Balance sheet
    Prepared by Weifu High-Technology Group Co., Ltd.                 March 31, 2012       Unit: RMB
    Balance at period-end                  Balance at year-begin
    Items
    Consolidation      Parent Company Consolidation Parent Company
    Current assets:
    Monetary funds                3,053,413,460.82 2,635,035,767.58 855,053,599.38 189,135,416.49
    Settlement provisions
    Capital lent
    Transaction      finance
    asset
    Notes receivable              1,284,100,773.43 491,652,648.50 1,227,018,757.27 440,248,528.54
    Accounts receivable           1,205,877,235.22 729,872,203.64 1,167,123,155.04 822,357,590.99
    Accounts      paid     in
    137,944,012.16      48,991,333.08 183,407,859.04         58,227,907.25
    advance
    Insurance receivable
    Reinsurance
    receivables
    Contract reserve of
    reinsurance receivable
    Interest receivable
    Dividend receivable
    Other receivables                11,284,009.80 187,775,719.41         11,983,410.88 167,045,153.49
    Purchase       restituted
    finance asset
    Inventories                     862,209,345.74 274,861,857.86 883,582,090.78 296,385,165.44
    Non-current asset due
    within one year
    Other current assets              9,121,142.63                        10,235,025.21
    Total current assets          6,563,949,979.80 4,368,189,530.07 4,338,403,897.60 1,973,399,762.20
    Non-current assets:
    Granted loans and
    advances
    Finance asset available
    270,840,000.00 270,840,000.00
    for sales
    Held-to-maturity
    5
    Weifu High-Technology Group Co., Ltd.                     Full Text of First Quarterly Report 2012
    investment
    Long-term        account
    2,621,950,821.80
    receivable
    Long-term          equity
    1,842,178,454.38                  1,786,481,972.85 2,576,168,955.22
    investment
    Investment property            4,234,491.08                      4,352,211.86
    Fixed assets               1,398,213,116.77 696,548,692.00 1,357,509,509.59 689,680,279.76
    Construction           in
    80,736,312.22    33,897,813.39    98,288,407.69    56,239,272.06
    progress
    Engineering material
    Disposal of fixed asset
    Productive biological
    asset
    Oil and gas asset
    Intangible assets            248,269,678.66 186,859,581.99 249,921,186.58 187,843,427.92
    Expense on Research
    and Development
    Goodwill                       1,784,086.79                      1,784,086.79
    Long-term expenses to
    10,843,435.56                      9,144,280.20
    be apportioned
    Deferred income tax
    83,297,754.25    47,870,330.94    83,331,883.03    47,881,534.77
    asset
    Other non-current asset
    Total non-current asset    3,940,397,329.71 3,857,967,240.12 3,590,813,538.59 3,557,813,469.73
    Total assets              10,504,347,309.51 8,226,156,770.19 7,929,217,436.19 5,531,213,231.93
    Current liabilities:
    Short-term loans                                               495,000,000.00 465,000,000.00
    Loan from central bank
    Absorbing deposit and
    interbank deposit
    Capital borrowed
    Transaction financial
    liabilities
    Notes payable                150,740,009.18    70,600,719.79 164,301,719.94      85,000,000.00
    Accounts payable           1,258,853,982.39 695,932,342.37 1,297,893,239.74 632,112,594.66
    Accounts received in
    50,851,482.78     9,738,475.46    55,289,941.25     8,150,899.35
    advance
    Selling financial asset
    of repurchase
    Commission         charge
    and          commission
    payable
    Wage payable                 237,099,958.89 151,470,141.23 278,771,987.97 175,803,158.72
    Taxes payable                 51,551,828.45    29,381,125.52    77,737,123.74    25,748,688.27
    Interest payable                 150,000.00                        930,000.00       780,000.00
    Dividend payable               3,444,762.15                      3,444,762.15
    Other accounts payable        97,270,088.54 143,745,805.07      83,991,571.43    69,856,690.02
    Reinsurance payables
    Insurance        contract
    6
    Weifu High-Technology Group Co., Ltd.                        Full Text of First Quarterly Report 2012
    reserve
    Security trading of
    agency
    Security       sales    of
    agency
    Non-current liabilities
    3,000,000.00                         3,000,000.00
    due within 1 year
    Other current liabilities      35,899,875.20        354,088.81      34,608,609.47
    Total current liabilities   1,888,861,987.58 1,101,222,698.25 2,494,968,955.69 1,462,452,031.02
    Non-current liabilities:
    Long-term loans
    Bonds payable
    Long-term          account
    18,840,000.00                        18,840,000.00
    payable
    Special           accounts
    payable
    Projected liabilities
    Deferred income tax
    2,689,975.40                         2,689,975.40
    liabilities
    Other         non-current
    72,754,000.00     56,830,000.00      72,330,000.00    56,830,000.00
    liabilities
    Total         non-current
    94,283,975.40     56,830,000.00      93,859,975.40    56,830,000.00
    liabilities
    Total liabilities           1,983,145,962.98 1,158,052,698.25 2,588,828,931.09 1,519,282,031.02
    Owner’s equity (or
    shareholders’ equity):
    Paid-in capital (or
    680,133,995.00 680,133,995.00 567,275,995.00 567,275,995.00
    share capital)
    Capital public reserve      3,704,816,669.52 3,732,880,059.50 895,918,416.59 923,981,806.57
    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
    Retained profit             3,564,340,378.91 2,371,452,019.94 3,317,227,992.26 2,237,035,401.84
    Balance difference of
    foreign           currency
    translation
    Total owner’s equity
    attributable to parent 8,232,929,040.93 7,068,104,071.94 5,064,060,401.35 4,011,931,200.91
    company
    Minority interests            288,272,305.60                      276,328,103.75
    Total owner’s equity       8,521,201,346.53 7,068,104,071.94 5,340,388,505.10 4,011,931,200.91
    Total liabilities and
    10,504,347,309.51 8,226,156,770.19 7,929,217,436.19 5,531,213,231.93
    owner’s equity
    4.2 Profit statement
    Prepared by Weifu High-Technology Group Co., Ltd.              Jan.-Mar. 2012     Unit: RMB
    Amount in this period              Amount in last period
    Items
    Consolidation Parent Company Consolidation Parent Company
    7
    Weifu High-Technology Group Co., Ltd.                              Full Text of First Quarterly Report 2012
    I. Total operating income         1,340,401,162.00   616,385,500.52 1,617,839,294.12 833,816,030.01
    Including: Operating income 1,340,401,162.00         616,385,500.52 1,617,839,294.12 833,816,030.01
    Interest income
    Insurance gained
    Commission charge and
    commission income
    II. Total operating cost          1,100,555,033.67   511,201,456.35 1,386,509,213.86 765,447,648.44
    Including: Operating cost           961,216,532.17   464,156,439.59 1,184,963,972.83 686,865,102.01
    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              8,698,657.37     3,159,692.80   9,261,487.17             2,765,743.21
    Sales expenses                       32,174,467.18    15,605,300.26 32,177,349.01             15,345,785.51
    Administration expenses              94,358,713.40    26,377,395.55 151,019,027.30            55,378,432.40
    Financial expenses                    4,148,213.42     1,902,628.15   9,744,277.83             5,015,193.28
    Losses of devaluation of
    -41,549.87                         -656,900.28             77,392.03
    asset
    Add: Changing income of
    fair value(Loss is listed with
    “-”)
    Investment income (Loss is
    55,696,481.53    45,781,866.58 109,618,904.88            96,625,366.65
    listed with “-”)
    Including:            Investment
    income        on        affiliated 55,696,481.53      45,781,866.58 109,618,904.88            96,625,366.65
    company and joint venture
    Exchange income (Loss is
    listed with “-”)
    III. Operating profit (Loss
    295,542,609.86   150,965,910.75 340,948,985.14 164,993,748.22
    is listed with “-”)
    Add: Non-operating income             1,994,685.70                          210,625.24             39,500.48
    Less: Non-operating expense           1,600,349.95      894,684.94        2,096,976.41          1,044,989.10
    Including: Disposal loss of
    1,385,856.03      255,884.44          344,580.11            190,448.07
    non-current asset
    IV. Total Profit (Loss is
    295,936,945.61   150,071,225.81 339,062,633.97 163,988,259.60
    listed with “-”)
    Less: Income tax                     36,880,357.12    15,654,607.71     33,879,944.33         10,107,953.11
    V. Net profit (Net loss is
    259,056,588.49   134,416,618.10 305,182,689.64 153,880,306.49
    listed with “-”)
    Net profit attributable to
    owner’s equity of parent 247,112,386.65             134,416,618.10 290,729,479.27 153,880,306.49
    company
    8
    Weifu High-Technology Group Co., Ltd.                        Full Text of First Quarterly Report 2012
    Minority shareholders’
    11,944,201.84                    14,453,210.37
    gains and losses
    VI. Earnings per share
    i. Basic earnings per share                  0.41                            0.51
    ii. Diluted earnings per share               0.41                            0.51
    VII. Other consolidated
    71,632,000.00 71,632,000.00
    income
    VIII. Total consolidated
    330,688,588.49 206,048,618.10 305,182,689.64 153,880,306.49
    income
    Total consolidated income
    attributable to owners of 318,744,386.65 206,048,618.10 290,729,479.27 153,880,306.49
    parent company
    Total consolidated income
    attributable to minority           11,944,201.84                    14,453,210.37
    shareholders
    Concerning the enterprise consolidation under common control occurred in the period; the mergered
    party realized net profit before consolidation amounting to RMB00.00.
    4.3 Cash flow statement
    Prepared by Weifu High-Technology Group Co., Ltd.                Jan.-Mar. 2012     Unit: RMB
    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 providing 1,229,403,560.43 762,266,756.05 1,456,797,712.42 761,419,287.88
    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
    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 received         10,441,404.81                     9,619,790.95
    9
    Weifu High-Technology Group Co., Ltd.                            Full Text of First Quarterly Report 2012
    Other       cash       received
    concerning            operating     9,985,294.76     3,014,306.18       5,601,759.92            293,454.14
    activities
    Subtotal of cash inflow
    arising     from      operating 1,249,830,260.00   765,281,062.23 1,472,019,263.29 761,712,742.02
    activities
    Cash paid for purchasing
    commodities and receiving 751,309,501.19           328,246,426.73 1,229,369,538.68 737,043,899.43
    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 and
    136,574,532.95    52,954,159.55 127,421,249.42            50,906,182.11
    workers
    Taxes paid                        156,144,880.47    46,932,499.52    157,919,411.89         45,360,892.78
    Other cash paid concerning
    69,906,065.45    31,480,068.85     65,159,975.82         22,885,094.47
    operating activities
    Subtotal of cash outflow
    arising     from      operating 1,113,934,980.06   459,613,154.65 1,579,870,175.81 856,196,068.79
    activities
    Net cash flows arising from
    135,895,279.94   305,667,907.58 -107,850,912.52          -94,483,326.77
    operating activities
    II. Cash flows arising from
    investing activities:
    Cash       received       from
    recovering investment
    Cash       received       from
    investment income
    Net cash received from
    disposal of fixed, intangible         558,246.95         3,076.92         229,542.96             53,242.58
    and other long-term assets
    Net cash received from
    disposal of subsidiaries and
    other units
    Other       cash       received
    concerning            investing
    activities
    Subtotal of cash inflow from
    558,246.95         3,076.92         229,542.96             53,242.58
    investing activities
    Cash paid for purchasing 35,028,155.94              11,272,777.35 143,013,092.88            83,260,554.37
    10
    Weifu High-Technology Group Co., Ltd.                             Full Text of First Quarterly Report 2012
    fixed, intangible and other
    long-term assets
    Cash paid for investment           199,208,000.00 199,208,000.00       23,818,800.00         23,818,800.00
    Net increase of mortgaged
    loans
    Net cash received from
    subsidiaries and other units
    Other cash paid concerning
    investing activities
    Subtotal of cash outflow
    234,236,155.94 210,480,777.35      166,831,892.88 107,079,354.37
    from investing activities
    Net cash flows arising from
    -233,677,908.99 -210,477,700.43    -166,602,349.92 -107,026,111.79
    investing activities
    III. Cash flows arising from
    financing activities
    Cash        received       from
    2,866,028,910.00 2,866,028,910.00         810,000.00
    absorbing investment
    Including: Cash received
    from absorbing minority
    810,000.00
    shareholders’ investment by
    subsidiaries
    Cash received from loans           570,000,000.00 570,000,000.00      361,512,141.78 331,512,141.78
    Cash received from issuing
    bonds
    Other        cash      received
    concerning            financing
    activities
    Subtotal of cash inflow from
    3,436,028,910.00 3,436,028,910.00    362,322,141.78 331,512,141.78
    financing activities
    Cash paid for settling debts 1,065,000,000.00 1,035,000,000.00        179,024,648.36 149,024,648.36
    Cash paid for dividend and
    profit distributing or interest      6,100,872.13     5,649,955.46     20,005,382.76           4,221,179.73
    paying
    Including: Dividend and
    profit        of       minority
    15,232,203.03
    shareholder        paid       by
    subsidiaries
    Other cash paid concerning
    10,668,810.60 10,668,810.60
    financing activities
    Subtotal of cash outflow
    1,081,769,682.73 1,051,318,766.06    199,030,031.12 153,245,828.09
    from financing activities
    Net cash flows arising from
    2,354,259,227.27 2,384,710,143.94    163,292,110.66 178,266,313.69
    financing activities
    IV. Influence on cash and
    cash equivalents due to
    fluctuation in exchange rate
    V. Net increase of cash and
    2,256,476,598.22 2,479,900,351.09   -111,161,151.78        -23,243,124.87
    cash equivalents
    Add: Balance of cash and 745,778,764.22 132,135,416.49                465,219,784.67         85,169,165.70
    11
    Weifu High-Technology Group Co., Ltd.                   Full Text of First Quarterly Report 2012
    cash equivalents at the
    period -begin
    VI. Balance of cash and cash
    equivalents at the period 3,002,255,362.44 2,612,035,767.58 354,058,632.89         61,926,040.83
    -end
    4.4 Auditor’ report
    Auditor’s opinions: Un-audited
    Board of Directors of
    Weifu High-Technology Group Co., Ltd.
    18 April 2012
    12