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苏威孚B(200581)公告正文

苏威孚B:2013年年度报告摘要(英文版)

公告日期:2014-04-15

                                                                            无锡威孚高科技集团股份有限公司 2013 年度报告摘要
    Stock Code: 000581, 200581                                                                                          Notice No.: 2014-008Short Form of the Stock: Weifu High-Tech, Su Weifu-B
            WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
               SUMMARY OF ANNUAL REPORT 20131. Important NoticeThe summary is abstract from full-text of annual report, for more details information, investors should found in the full-text of annualreport that published on website of Shenzhen Stock Exchange and other website appointed by CSRC.Company Profile
    Short form of the stock         Weifu High-Tech、 Su Weifu-B               Stock code                    000581, 200581
    Stock exchange for listing      Shenzhen Stock Exchange
       Person/Way to contact                    Secretary of the Board                                Rep. of security affairs
    Name                            Zhou Weixing                                             Yan Guohong
    Tel.                            0510-82719579                                            0510-82719579
    Fax.                            0510-82751025                                            0510-82751025
    E-mail                          wfjt@public1.wx.js.cn                                    wfjt@public1.wx.js.cn2. Main financial data and changes of shareholders(1) Main financial dataWhether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accountingerror correction or not□Yes √No
                                                                                               Changes over last year
                                                  2013                     2012                                                  2011
                                                                                                       (%)
    Operating income (RMB)                        5,589,307,689.55           5,015,283,418.71                     11.45% 5,898,113,089.49Net profit attributable to shareholders
                                              1,108,221,450.83            889,326,939.46                      24.61% 1,204,617,075.56of the listed company(RMB)Net profit attributable to shareholders
    of the listed company after deducting         1,013,085,655.87            852,679,760.32                      18.81% 1,166,866,705.09non-recurring gains and losses(RMB)Net cash flow arising from operating
                                                803,958,123.13           1,165,759,218.46                    -31.04%     326,269,185.07activities(RMB)
    Basic earnings per share (RMB/Share)                        1.09                        0.9                   21.11%                    1.42Diluted earnings per share
                                                            1.09                        0.9                   21.11%                    1.42(RMB/Share)
    Weighted average ROE (%)                                 12.12%                   11.36%                       0.76%                26.27%
                                                                                              Changes over end of last
                                              End of 2013              End of 2012                                        End of 2011
                                                                                                    year (%)
                                                                              无锡威孚高科技集团股份有限公司 2013 年度报告摘要
    Total assets (RMB)                              13,074,232,730.91        11,055,973,932.34                       18.25% 7,929,217,436.19Net assets attributable to shareholder of
                                                 9,600,765,223.81         8,655,980,755.24                       10.91% 5,064,060,401.35listed company (RMB)(2) Statement of shares held by top 10 shareholders
                                                                      Total shareholders ended as the
    Total shareholders in period-end                               34,932 5th trading day before annual                                43,033
                                                                      report disclosed
                                            Particular about shares held by top ten shareholders
                                                                 Proportion                    Amount of          Shares pledge or frozen
                                                                              Amount of
              Shareholders                         Nature         of shares                  restricted shares
                                                                              shares held                           Status      Amount
                                                                  held (%)                          heldWUXI INDUSTRY DEVELOPMENT State-owned
                                                                       20%     204,059,398         118,967,998
    CROUP CO., LTD.           legal person
                          Foreign legal
    ROBERT BOSCH GMBH                                                      14%     142,841,400         115,260,600
                          person
    China Construction Bank-Fullogoal           Domestic
    Tianbo Innovation Theme Stock                non-state-owned         1.65%      16,800,000
    Securities Investment Fund                   legal personBBH BOS S/A FIDELITY FD - CHINA Foreign legal
                                                                     1.58%      16,111,179
    FOCUS FD                        person
                                             DomesticBOCOM—Fullgoal Tianyi Value
                                             non-state-owned         1.46%      14,944,463Security Investment Fund
                                             legal person
    China Merchants Bank Co.,                    Domestic
    Ltd.—Fullgoal Tianhe Stable Selected        non-state-owned         1.15%      11,778,994
    Securities Investment Fund                   legal person
                                             DomesticCCB—Yinhua Core Value Selected
                                             non-state-owned         1.08%      11,026,311Securities Investment Fund
                                             legal person
                                             DomesticNCI—Bonus—Individual Bonus
                                             non-state-owned         0.86%       8,723,489-018L-FH002 Shen
                                             legal person
                                             DomesticNational Social Security Fund-108
                                             non-state-owned         0.71%       7,249,714portfolio
                                             legal personZhongrong International Trust – Huixin Domestic
    No.1 Securities Investment Single Fund non-state-owned                0.7%       7,153,378
    Trust                                   legal person
                                                           Among the top ten shareholders, the Company knew there has no
                                                           associated relationship between Wuxi Industry Development Croup
                                                           Co., Ltd., the first largest shareholder of the Company, and other
                                                           shareholders; and they do not belong to the consistent actionistExplanation on associated relationship among the aforesaid regulated by the Management Measure of Information Disclosure on
    shareholders                                               Change of Shareholding for Listed Company. Fullgoal Tianbo
                                                           Innovation Theme Stock Securities Investment Fund, Fullgoal Tianyi
                                                           Value Security Investment Fund and Fullgoal Tianhe Stable Selected
                                                           Securities Investment Fund shares same fund manager –Fullgoal Fund
                                                           Management Co., Ltd.
                                                               无锡威孚高科技集团股份有限公司 2013 年度报告摘要(3) Property right and controlling relationships between the actual controllers of the Company and theCompany is as follows:
            State-owned Assets Supervision & Administration Commission of Wuxi Municipality of
                                             Jiangsu Province
                                                    100%
                                  Wuxi Industry Development Croup Co., Ltd.
                                                       20%
                                    Weifu High-Technology Group Co., Ltd.3. Discussion and analysis by the Management Team(I)General introductionproduction and marketing on national auto market during 2013 achieved 22.1168 million and 21.9841 millionrespectively, announced by China Association of Automobile Manufactures, respectively increased by 14.76%and 13.87% year-on-year, including 18.0852 million and 17.9289 million respectively for production andmarketing of passenger cars, respectively securing 16.50% and 15.71% year-on-year growth rate, and 4.0316million and 4.0552 million of commercial vehicles with growth rate of 7.56% and 6.40% year-on-yerarespectively.Thanks to the development of automobile industry and increase in commercial vehicles production and sales,heavy truck in particular, during the reporting period, the Company secured development direction, focusing onthe target, centralized by benefits, and seize the market opportunity under the precondition of improving quality,efficiency and strictly contolling the risks and costs. Producs from three major business units of the Companystability increse in production and sales, shares in major markets improved substantially, product mix gains afurther optimized and operation performance of the Company growth steadily.Operation revenue of RMB 5.589 billion for the reporting period, up 11.45% on a year-on-year basis; net profitattributable to parent company of RMB 1.108 billion, an increase of 24.61% from the year-ago period; total assetsof RMB 13.074 billion, a 18.25% up year-on-year and equity attributable to owners of parent company of RMB9,600 million, up 10.91% on a year-on-year basis.(II)Major works1. System and process optimization, implementation pre-control of risk managementOrganize and judge the responsibility, system and process of vary functional departments, established anintegrative process management model and risk management mechanism, prevent and control financial risksthrough process managment;2. Promote lean accounting idea and improve economic operation qualityCarry out lean accounting management and standard cost management, implement value strean analysis and cost
                                                                  无锡威孚高科技集团股份有限公司 2013 年度报告摘要variance analysis, strengthen project cost control and improve the financial management assures the maximizationof revenue for the Group;3. Deepening quality managment, further enhance the ability in quality controlBy mode of cross check, completed the annual examination plan of internal quality management system in threeaspect of customer oriented process, support process and management process. Exercise on-site assessment for theservice condition of quality tools, assessment coverage up to 100%. By vary means of value strean analysis andKPI Tree decomposition, promoting the preparation of SMED standard documents in vary divisions, made thebottleneck process management implemented efficency in every divisions.4. Orderly speed up the R&D platform and ability constructionEngineering Institute Technology Center: came to one of the provincial engineering center in first 26 enterprisesconferred by NDRC of Jiangsu Province in 2013. Increase a series of high-end test capacity as SCR pump nozzletest, 3D vibration integration and test with condition variation, enhanced in the technique development test abilitygreatly. R&D Center of Exhaust After Treatment System: with the goal of building the first-class R&D Center,further to perfected test capacity and established and improved testing process and standards. Complete researchcooperation platform and promote construction for the key laboratory. Supervharger R&D Center: carrying outworks by focusing on test capacity construction, R&D project management, capacity establishment of coretechnology and new R&D, completing initially the building of turbine dynamometer position, debug and acceptethe axis orbit test system and test system of impeller natrual frequency.5. Implemented Industrial Layout Adjustment, steadily promote infrastuctureTemporary facilities transfer of Weifu Industry Park were completed by highly design-driven and well-throughplanning; municipal works of industry park finished the pre-buried of road construction and drain pipe for stormsewage, and body structure of Weifu industry park will top off at the end of 2013.6. Accelerate the information construction, strengthen group’s core competenceTo build up a business platform with priority of ―gets through industrial value chain and achieve integration offinance and business‖, focusing on process optimization and system integration, establish SAP template andsystem management standards for group managment.(III) Industry Competition Structure and Growing TrendCommercial vehicles market shows a recovery growth in 2013 after two-year earlier adjustment; affected bynational macroeconomic enviornment, policy regulations and the process of industrialization, steady progress ofurbanization in particular, market of commercial vehicles remain stable as a whole;With the promotion and execution of National IV Emission Standard on a step-by-step basis, the technicalcapability of core components for commercial vehicles will be effectively increased, which is beneficial to the fastdevelopment of common rail system and aftertreatment products, the industry will face a differentiation.(IV) Operation plan for year of 2014More intense competition and challenge emerged for China’s automotive industry in year of 2014. In the
                                                                          无锡威孚高科技集团股份有限公司 2013 年度报告摘要presentce of update-schedule and new changes in automotive market, the Company, continues to focus on thegoals of creating a leader with core components of the automotive (energetics) concerned in China,decision-making scientifically with precision management to promote the industrial restructuring; accelerateproduct structure optimization, rapidly manufacruring products and developing market advantage in satge ofNational IV, and made breakthroughs in strategic restructuring. Making efforts to improve the quality andeffectiveness of economic gains, execute stable development of the enterprise and continuously updatecompetitiveness of the Goup.(1) Seize opportunity to rapid up development of industrial restructuring focus on the market. Strongly encouragethe industry of exhaust after treatment, make steady progress for fuel system industry and rapidly promote theindustry of supercharger.(2) Continously improve maangement of quality, increase quality guarantee and ability to control in processcontinually.(3) Perfect risk control system, strengthen the financial controlling. Reinforce budget control, respond quickly inchanges of the opeation enviornment through well-defined costs structure and break-even point, guarantee acontinously improvement in economic benefit for the Group.(4) Carry out construction of major projects of the Group, adjust industrial layout and improve managementstandards. Guarantee a smooth implementation of relocation for Weifu Industry Park; trying to complete theframework construction of the main parts of a tactory houses of Weifu Leader Project; guarantee officiallyproduction of the Phase I project of ERP System as well as the start of Phase II project.(5) Implement core talent strategy plans, continous enhance efficiency of the staff and quality. Completes the termprogram of human resources, perfect core talent construction system of the Gourp.(V) Risk for year of 2014The macroeconomic enviornment in and out of China, automotive industry policy and execution of the NationalIV Emmision Standards will makes a large impact on development of the Company.4. Relevant items involving financial report(1)Explanation on changes of accounting policy, accounting estimation and settlement method comparedwith the last year’s financial reportCompared with last year’s financial report, accounting policy, accounting estimation and settlement method hasno changes.(2)Major accounting errors within reporting period that needs retrospective restatementNo major accounting errors correction occurred in reporting period.(3) Compare with last year’s financial report; explain changes in consolidation statement’s scopeOne enterprise included in the consolidation scope from a year earlier.According to the equity transfer agreement singed between the Company and Autocam Corporation, the one
                                                              无锡威孚高科技集团股份有限公司 2013 年度报告摘要percent equity of Weifu Autocam, hold by Autocam Corporation, was transferred to the Company; capitalcontributed by the Company accounted for 51 percent of the register capital of Weifu Autocam, thus comes to the
    controlling subsidiary of the Company.     Weifu Autocam included in consolidation financial scope of theCompany since being subsidiary of the Company.(4)Explanation of the Board of Directors and Supervisory Committee on the “Qualified Opinion” of thereport made by the CPAsNot applicable
                                                                      Board of Director of
                                                  WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
                                                                          15 April 2014