新闻源 财富源

2019年12月15日 星期天

苏威孚B(200581)公告正文

苏威孚B:2017年第一季度报告全文(英文版)

公告日期:2017-04-28

                   无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文




Weifu High-Technology Group Co., Ltd.

      First Quarterly Report 2017




              April 2017




                                                                       1
                                                            无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文




                                     Section I. Important Notes

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 should guarantee the reality,
accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or
important omissions carried in this report, and shall take legal responsibilities, individual and/or joint.


All Directors are attended the Board Meeting for Quarterly Report deliberation


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 authentic, accurate and complete.




                                                                                                                2
                                                                     无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文




                                            Section II. Company Profile

I. Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not
□Yes √ No
                                                                                                                Changes of this period over
                                                    Current Period              Same period of last year
                                                                                                                 same period of last year

Operating income (RMB)                                   2,457,239,285.84                1,533,288,775.97                            60.26%

Net profit attributable to shareholders of
                                                           645,645,422.01                  405,471,329.51                            59.23%
the listed company(RMB)

Net profit attributable to shareholders of
the listed company after deducting                         574,207,149.77                  331,616,138.91                            73.15%
non-recurring gains and losses(RMB)

Net cash flow arising from operating
                                                            92,118,223.65                    42,831,760.61                           115.07%
activities(RMB)

Basic earnings per share (RMB/Share)                                    0.64                             0.40                        60.00%

Diluted earnings per share (RMB/Share)                                  0.64                             0.40                        60.00%

Weighted average ROE                                                 4.88%                           3.39%                            1.49%

                                                                                                                Changes of this period-end
                                                   End of this period               End of last period           over same period-end of
                                                                                                                         last year

Total assets (RMB)                                      18,149,666,013.72               17,263,771,897.78                             5.13%

Net assets attributable to shareholder of
                                                        13,526,769,295.13               12,927,344,292.47                             4.64%
listed company (RMB)

Items of non-recurring gains and losses
√ Applicable □ Not applicable
                                                                                                                                      In RMB

                                                                                         Amount from year-begin
                                            Item                                                                               Note
                                                                                               to period-end

Gains/losses from the disposal of non-current asset (including the write-off that
                                                                                                     -1,059,372.05
accrued for impairment of assets)

Governmental subsidy reckoned into current gains/losses (not including the subsidy
enjoyed in quota or ration according to national standards, which are closely                            8,329,131.76
relevant to enterprise’s business)

Gain or loss on the investment or management of assets                                              52,468,395.94



                                                                                                                                               3
                                                                        无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


Held transaction financial asset, gains/losses of changes of fair values from
transaction financial liabilities, and investment gains from disposal of transaction
financial asset, transaction financial liabilities and financial asset available for                   24,625,516.88
sales, exclude the effective hedging business relevant with normal operations of the
Company

Other non-operating income and expenditure except for the aforementioned items                           -335,608.38

Less : impact on income tax                                                                            12,566,745.37

        Impact on minority shareholders’ equity (post-tax)                                                 23,046.54

Total                                                                                                  71,438,272.24            --

Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable

In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of

extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to

the Public --- Extraordinary Profit/loss


II. Total number of shareholders at the end of this report period and top ten shareholders

1. Common and preferred stockholders with voting rights recover and the top ten share-holding

                                                                                                                                     In Share

Total common shareholders at the end of                             Total preferred stockholders with voting rights
                                                           44,711                                                                             0
report period                                                       recover at the end of report period (if applicable)

                                                            Top ten shareholders

                                                                                                                          Number of share
                                                                                                         Amount of
                                                                                       Amount of                          pledged/frozen
                                                     Nature of      Proportion of
                Shareholder’s name                                                                   restricted shares
                                                    shareholder      shares held       shares held                        State of     Amo
                                                                                                            held
                                                                                                                            share       unt

WUXI INDUSTRY DEVELOPMENT                         State-owned
                                                                           20.22%      204,059,398
CROUP CO., LTD.                                   legal person

                                                  Foreign legal
ROBERT BOSCH GMBH                                                          14.16%      142,841,400
                                                  person

                                                  State-owned
China Securities Finance Corporation Limited                                 2.63%      26,555,515
                                                  legal person

                                                  Foreign legal
HKSCC Nominees Limited                                                       2.58%      25,983,776
                                                  person

Kangjian Assets Management Company                Foreign legal              1.52%      15,339,892


                                                                                                                                                  4
                                                                       无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


–Client’s fund                                   person

BBH BOS S/A FIDELITY FD - CHINA                    Foreign legal
                                                                           1.31%        13,243,837
FOCUS FD                                           person

                                                   State-owned
Central Huijin Assets Management Co., Ltd.                                 1.27%        12,811,200
                                                   legal person

                                                   Foreign legal
UBS      AG                                                                1.23%        12,438,322
                                                   person

                                                   Foreign legal
Puxin Investment Company- Client’s fund                                   1.18%        11,919,831
                                                   person

RBC EMERGING MARKETS EQUITY                        Foreign legal
                                                                           0.95%         9,626,264
FUND                                               person

                                             Top ten shareholders with unrestricted shares held

                                                                   Amount of unrestricted                       Type of shares
                       Shareholder’s name
                                                                         shares held                     Type                    Amount

WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD.                                      204,059,398 RMB common share                      204,059,398

                                                                                                RMB common share                 115,260,600
ROBERT BOSCH GMBH                                                              142,841,400 Domestically listed
                                                                                                                                  27,580,800
                                                                                                foreign share

China Securities Finance Corporation Limited                                    26,555,515 RMB common share                       26,555,515

HKSCC Nominees Limited                                                          25,983,776 RMB common share                       25,983,776

Kangjian Assets Management Company –Client’s fund                             15,339,892 RMB common share                       15,339,892

                                                                                                Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD                                        13,243,837                                        13,243,837
                                                                                                foreign share

Central Huijin Assets Management Co., Ltd.                                      12,811,200 RMB common share                       12,811,200

UBS      AG                                                                     12,438,322 RMB common share                       12,438,322

Puxin Investment Company- Client’s fund                                        11,919,831 RMB common share                       11,919,831

                                                                                                Domestically listed
RBC EMERGING MARKETS EQUITY FUND                                                    9,626,264                                      9,626,264
                                                                                                foreign share

                                                                   Among the top ten shareholders, the Company knew there has no
                                                                   associated relationship between Wuxi Industry Development Croup
Note of related relationship among the above shareholders Co., Ltd., the first largest shareholder of the Company, and other
and concerted actors                                               shareholders; and they do not belong to the consistent actionist
                                                                   regulated by the Management Measure of Information Disclosure on
                                                                   Change of Shareholding for Listed Company.

Explanation on top ten common stock shareholders involving
                                                                   Not applicable
securities margin trading (if applicable)

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period


                                                                                                                                               5
                                                                无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.

2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable




                                                                                                                              6
                                                           无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文




                                     Section III. Significant Events

I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons

√ Applicable □ Not applicable
(i) Explaination on change of items in balance sheet:
1. Monetary funds: decreased 2568.9811 million Yuan over that of year-beginning with 64.72% declined, mainly
because purchasing more financial products in the Period;
2. Accounts receivable: increased 772.1033 million Yuan over that of year-beginning with 58.28% up, mainly
because sales in the Peirod rose month on month;
3. Other receivables: increased 5.9569 million Yuan over that of year-beginning with 100.83% up, mainly because
travel allowance etc. at period-end increased;
4. Other current asstes: increased 2677.331 million Yuan over that of year-beginning with 139.89% up, mainly
because purchasing more financial products in the Period;
5. Taxes payable: increased 46.8004 million Yuan over that of year-beginning with 74.72% up, mainly because
enterprise income tax and VAT payable increased in the Period;
6. Other payable: decreased 38.1944 million Yuan over that of year-beginning with 39.57% declined, mainly
because various cash deposit payable declined in the Period;
7. Other comprehensive income: decreased 46.5351 million Yuan over that of year-beginning with 32.15%
declined, mainly because fair value of finance asset available for sales declined at period-end.


(ii) Explaination on change of items in income statement:
1. Operation revenue and cost: increased 923.9505 million Yuan and 761.786 million Yuan respectively compared
with same period of last year, with 60.26% and 63.12% grwoth respectively, mainly because sales for main
products have dramatically growth for rapidly development of commercial vehicle in market;
2. Business tax and surcharge: increased 11.8323 million Yuan compared with same period of last year with
160.69% up, mainly due to the soaring sales and property tax, use tax of land, vehicle and vessel usage tax and
stamp tax are adjusted to item of ―business tax and surcharge‖ instead of ―administrative expenses‖ since May of
2016;
3. Financial expenses: increased 2.3583 million Yuan compared with same period of last year, mainly because the
interest from deposit are declined for completion of raised-fund;
4. Assets impairment loss: decreased 13.3437 million Yuan compared with same period of last year with 322.84%
down, mainly because provision switch-back due to the fluctuation of price for raw materials;
5. Investment income: increased 146.451 million Yuan compared with same period of last year with 44.84%
growth, mainly because joint venture and cooperative enterprise have more earnings in the Peirod;

                                                                                                                  7
                                                                无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


6. Non-operation revenue and expenditure: decreased 5.7982 million Yuan and 4.7169 million Yuan respectively
compared with same period of last year, mainly because relocation revenue and expenditure recognized in the
Period declined;


(iii) Explaination on change of items in cash flow statement:
1. Net cash flow arising from operation activity: more 49.2864 million Yuan in-flow compared with same period
of last year with 115.07% up, mainly because saels collection has y-o-y growth;
2. Net cash flow arising from investment activity: decreased 724.3398 million Yuan out-flow compared with same
period of last year, mainly because financial products purchasement and colelction on due declined on a y-o-y
basis;
3. Net cash flow arising from financing activity: increased 131.4703 million Yuan in-flow compared with same
period of last year, mainly because bank loans increased in the Peirod and returning borrowings to the bank last
period;


II. Analysis and explanation of significant events and their influence and solutions

√ Applicable □ Not applicable
1. Proposed investment in establishment of industrial acquisition funds by a wholly-owned subsidiary of the
Company
On 31 May 2016, the 8th board of directors of the Company held the 7th meeting to consider and approve the
proposal relating to proposed investment in establishment of industrial acquisition funds by a wholly-owned
subsidiary of the Company. In order to accelerate industrial upgrade and development progress, reserve merger &
acquisition projects, improve its comprehensive strength and realize its development strategy, the Company
entered into initial intention of cooperation with Ping’an Securities, pursuant to which, Weifu Auto Diesel, a
wholly-owned subsidiary of the Company, intended to cooperate with Ping’an Ronghui (a subsidiary of Ping’an
Caizhi which is a wholly-owned subsidiary of Ping’an Securities) to invest in establishing industrial acquisition
funds. The relevant announcements (No.: 2016-013 and 2016-015) were published on China Securities, Securities
Times, Hong Kong Commercial Daily and Juchao Information Website (http://www.cninfo.com.cn). At the
current stage, this matter is in the progress of preparation.


2. Proposed application for listing in the national middle and small enterprises stock transfer system by the
controlling subsidiary Weifu Tianli
On 25 October 2016, the 8th board of directors of the Company held the 9th meeting to consider and approve the
proposal relating to proposed application for listing in the national middle and small enterprises stock transfer
system by the controlling subsidiary Weifu Tianli Pressure Technology Co., Ltd. on 30 December 2016, Weifu
Tianli was served with the notice of acceptance from the National Middle and Small Enterprise Stock Transfer
System Company Limited (GP2016120120). The relevant announcements (No.: 2016-020, 2016-023 and
2017-001) were published on China Securities, Securities Times, Hong Kong Commercial Daily and Juchao


                                                                                                                    8
                                                                      无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


Information Website (http://www.cninfo.com.cn). At the current stage, this matter is in the progress of
consideration and approval.


3. Equity of partial participating stock companies are frozen
On 6 March 2017, the Company received a charging documents mail by Shenzhen Intermediate People’s Court of
Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). According to the charging
documents served by Shenzhen Intermediate Court, Shenzhen Branch of China Cinda Asset Management Co.,
Ltd.—the plaintiff, suit against eight defendants including the Company and the third party- Shenzhen Hejun
Venture Holding Co., Ltd. for damaging interest of creditors, two cases involved. The Shenzhen Intermediate
Court accepted the trail and made a civil order of (2016) Yue 03 Min Chu No.2490, and (2016) Yue 03 Min Chu
No.2492, that is to sealed-up, distrained or frozen the property of 217 million Yuan in total under the name of
eight defendants. By inquring, the 15.3 million shares of SDEC and 4.71 million shares of Miracle Automation
held by the Company are forced freezing. Relevant notice (Notice No.: 2017-002) released on China Securities
Jornal, Securiteis Times, Hong Kong Commercial Daily and Juchao Website (http://www.cninfo.com.cn). The
Company hiring professsional lawyers for coordinating the issues actively, and cope with the frozen equity as
soon as possible in normal leagal approach, protec legitimate rights and interst of the Company in acordance with
the law.


4. Subsidiary Kunming Xitong and Weifu Tianshi cancelled respectively dated 16 Feb. 2017 and 14 March 2017.


           Overview                 Date for disclosure                Information index for temporary report disclosure

Proposed investment in
establishment of industrial                               Notice of Proposed investment in establishment of industrial acquisition
acquisition funds by a              2016-06-02            funds by a wholly-owned subsidiary of the Company((Notice No.:
wholly-owned subsidiary of the                            2016-015) released on Juchao Website (www.cninfo.com.cn))
Company

                                                          Notice of Proposed application for listing in the national middle and small
                                                          enterprises stock transfer system by the controlling subsidiary Weifu
Proposed application for listing 2016-10-27
                                                          Tianli((Notice    No.:    2016-023)     released    on    Juchao    Website
in the national middle and small
                                                          (www.cninfo.com.cn))
enterprises stock transfer system
                                                          Notice of Progress of Proposed application for listing in the national middle
by the controlling subsidiary
                                                          and small enterprises stock transfer system by the controlling subsidiary
Weifu Tianli                        2017-01-07
                                                          Weifu Tianli((Notice No.: 2017-001) released on Juchao Website
                                                          (www.cninfo.com.cn))

Equity of partial participating                           Notice of equity of partial participating stock companies are frozen((Notice
                                    2017-03-08
stock companies are frozen                                No.: 2017-002) released on Juchao Website (www.cninfo.com.cn))




                                                                                                                                          9
                                                                              无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


III. Commitments non-performance over due in reporting period from committed parties as
actual controller, shareholders, related party, acquirer and the Company

□Applicable     √Not applicable
No the above mentioned commitment occurred in the period.



IV. Predict of the business performance from January to June 2017
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable     √Not applicable


V. Securities Investment

√ Applicable □ Not applicable


                                                    Amount Proportio Amount
                                                       of
                                                                      n of        of         Proportio
                                      Initial       stock-hol                                               Book
                                                                                                n of                   Gains and
                           Short    investmen        ding at       stock-hol stock-hol                     value at
Variety of Code of                                                                           stock-hol                 loss in the Accounti Source of
                         form of         t             the                                                the end of
securities securities                                              ding at the ding at        ding at                  reporting ng subject     stock
                        securities cost(RM beginning                                                      the period
                                                                                             the end of                 (RMB)
                                        B)           of the        beginning the end of                    (RMB)
                                                                                             the period
                                                     period
                                                                     of the   the period
                                                     (Share)
                                                                    period     (Share)
                                                                                                                                   Financial
                                    199,208,0 18,600,00                       15,300,00                   214,200,0 -2,761,48 assets           Owned
Stock      600841         SDEC                                        2.15%                     1.76%
                                        00.00                  0                         0                    00.00         3.12 available fund
                                                                                                                                   for sales

                                                                                                                                   Financial
                        Miracle     69,331,50                                                             65,139,30 -3,014,40 assets           Owned
Stock      002009                                   4,710,000         1.29% 4,710,000           1.29%
                        Logistics            0.00                                                              0.00         0.00 available fund
                                                                                                                                   for sales

                                    268,539,5 23,310,00                       20,010,00                   279,339,3 -5,775,88
Total                                                                  --                        --                                    --        --
                                        00.00                  0                         0                    00.00         3.12

Disclosure date of securities       2012 年 3 月 24 日
investment approval by the
Board                               2013 年 6 月 4 日

Disclosure date of securities
investment approval by
                                    Not applicable
shareholders meeting (if
applicable)




                                                                                                                                                        10
                                                                    无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


VI. Derivative investment

□ Applicable   √ Not applicable

No derivative investment in the Period.

VII. Registration form for receiving research, communication and interview in the report period
√ Applicable □ Not applicable

        Date             Method     Type of investors                       Index for the interview and research

1 Jan. 2017 to 31     Written                           The Company answered 60 questions for investors online through the
                                    Other
Mar. 2017             inquiries                         investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)

                      Telephone
1 Jan. 2017 to 31                                       Basic condition of the Company and the market for year of 2016,
                      communicat Other
Mar. 2017                                               communicate with more than 50 investors through telephone
                      ion


VIII. External security against the rules

□ Applicable   √ Not applicable
The Company has no external security against the rules in the Period


IX. Controlling shareholders' and its related party's non-business capital occupying of the
listed company

□ Applicable   √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company




                                                                                                                                    11
                                                                  无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文




                                     Section IV. Financial Statement

I. Financial statement

1. Consolidate balance sheet

Prepared by Weifu High-Technology Group Co., Ltd
                                                            2017-03-31
                                                                                                                  In RMB

                                     Item                                      Closing balance       Opening balance

Current assets:

     Monetary funds                                                               1,400,692,956.84      3,969,674,068.56

     Settlement provisions

     Capital lent

     Financial asset measured by fair value and with variation reckoned into
current gains/losses

     Derivative financial assets

     Notes receivable                                                             1,027,876,346.72      1,279,844,777.10

     Accounts receivable                                                          2,096,806,796.89      1,324,703,543.17

     Accounts paid in advance                                                        92,886,892.85         74,030,486.38

     Insurance receivable

     Reinsurance receivables

     Contract reserve of reinsurance receivable

     Interest receivable                                                              1,690,343.70          2,487,527.65

     Dividend receivable

     Other receivables                                                               11,864,809.09          5,907,873.92

     Purchase restituted finance asset

     Inventories                                                                  1,220,114,857.92      1,349,444,535.25

     Divided into assets held for sale

     Non-current asset due within one year

     Other current assets                                                         4,591,958,990.26      1,914,225,879.67

Total current assets                                                             10,443,891,994.27      9,920,318,691.70

Non-current assets:

     Loans and payments on behalf



                                                                                                                       12
                                                                   无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Finance asset available for sales                                               582,727,061.00        695,235,461.00

     Held-to-maturity investment

     Long-term account receivable

     Long-term equity investment                                                   3,817,039,675.05      3,421,030,760.78

     Investment property                                                              24,729,649.02         25,113,472.54

     Fixed assets                                                                  2,483,008,223.67      2,447,840,035.34

     Construction in progress                                                        105,596,026.83         90,621,102.20

     Engineering material

     Disposal of fixed asset

     Productive biological asset

     Oil and gas asset

     Intangible assets                                                               344,217,022.37        347,206,518.76

     Expense on Research and Development

     Goodwill                                                                          1,784,086.79          1,784,086.79

     Long-term expenses to be apportioned                                              3,688,524.02          1,753,413.10

     Deferred income tax asset                                                       207,940,717.78        210,196,714.45

     Other non-current asset                                                         135,043,032.92        102,671,641.12

Total non-current asset                                                            7,705,774,019.45      7,343,453,206.08

Total assets                                                                      18,149,666,013.72     17,263,771,897.78

Current liabilities:

     Short-term loans                                                                185,000,000.00        150,000,000.00

     Loan from central bank

     Absorbing deposit and interbank deposit

     Capital borrowed

     Financial liability measured by fair value and with variation reckoned
into current gains/losses

     Derivative financial liability

     Notes payable                                                                   806,423,579.47        837,045,962.78

     Accounts payable                                                              1,989,477,529.45      1,729,250,355.93

     Accounts received in advance                                                     49,385,068.41         42,983,352.84

     Selling financial asset of repurchase

     Commission charge and commission payable

     Wage payable                                                                    232,146,190.74        230,672,269.58

     Taxes payable                                                                   109,435,341.07         62,634,922.88




                                                                                                                       13
                                                 无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Interest payable                                                 228,710.77            437,938.27

     Dividend payable

     Other accounts payable                                         58,320,126.15         96,514,485.59

     Reinsurance payables

     Insurance contract reserve

     Security trading of agency

     Security sales of agency

     Divided into liability held for sale

     Non-current liabilities due within 1 year

     Other current liabilities

Total current liabilities                                        3,430,416,546.06      3,149,539,287.87

Non-current liabilities:

     Long-term loans                                                60,000,000.00         60,000,000.00

     Bonds payable

        Including: preferred stock

                Perpetual capital securities

     Long-term account payable                                      17,835,454.00         17,835,454.00

     Long-term wages payable                                       112,815,704.51        112,815,704.51

     Special accounts payable                                       18,265,082.11         18,265,082.11

     Projected liabilities

     Deferred income                                               471,763,605.66        479,211,845.88

     Deferred income tax liabilities                                19,434,302.14         27,674,132.89

     Other non-current liabilities

Total non-current liabilities                                      700,114,148.42        715,802,219.39

Total liabilities                                                4,130,530,694.48      3,865,341,507.26

Owner’s equity:

     Share capital                                               1,008,950,570.00      1,008,950,570.00

     Other equity instrument

        Including: preferred stock

                Perpetual capital securities

     Capital public reserve                                      3,417,841,402.89      3,417,841,402.89

     Less: Inventory shares

     Other comprehensive income                                     98,187,750.01        144,722,827.51

     Reasonable reserve                                               403,663.34              89,005.19



                                                                                                     14
                                                                  无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Surplus public reserve                                                           510,100,496.00         510,100,496.00

     Provision of general risk

     Retained profit                                                                 8,491,285,412.89      7,845,639,990.88

Total owner’s equity attributable to parent company                                13,526,769,295.13     12,927,344,292.47

     Minority interests                                                                492,366,024.11        471,086,098.05

Total owner’s equity                                                               14,019,135,319.24     13,398,430,390.52

Total liabilities and owner’s equity                                               18,149,666,013.72     17,263,771,897.78


Legal Representative: Chen Xuejun                                          Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin


2. Balance Sheet of Parent Company

                                                                                                                    In RMB

                                        Item                                      Closing balance       Opening balance

Current assets:

     Monetary funds                                                                    878,555,267.48      2,143,816,269.01

     Financial asset measured by fair value and with variation reckoned into
current gains/losses

     Derivative financial assets

     Notes receivable                                                                  236,745,722.91        216,516,806.40

     Accounts receivable                                                               833,890,992.67        611,594,846.92

     Accounts paid in advance                                                           51,512,499.44         34,805,212.41

     Interest receivable

     Dividend receivable

     Other receivables                                                                  54,602,127.75         46,349,571.47

     Inventories                                                                       194,280,784.56        202,839,001.66

     Divided into assets held for sale

     Non-current asset due within one year

     Other current assets                                                            4,506,514,775.21      1,945,446,935.23

Total current assets                                                                 6,756,102,170.02      5,201,368,643.10

Non-current assets:

     Finance asset available for sales                                                 506,787,061.00        619,295,461.00

     Held-to-maturity investment

     Long-term account receivable

     Long-term equity investment                                                     4,941,842,103.92      4,591,005,651.65



                                                                                                                          15
                                                                   无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Investment property

     Fixed assets                                                                  1,412,192,044.51      1,438,192,853.38

     Construction in progress                                                         60,297,043.80         36,142,328.79

     Engineering material

     Disposal of fixed asset

     Productive biological asset

     Oil and gas asset

     Intangible assets                                                               190,142,170.97        192,448,576.72

     Expense on Research and Development

     Goodwill

     Long-term expenses to be apportioned

     Deferred income tax asset                                                        96,180,137.45         96,943,564.13

     Other non-current asset                                                          38,187,213.39         31,747,194.01

Total non-current asset                                                            7,245,627,775.04      7,005,775,629.68

Total assets                                                                      14,001,729,945.06     12,207,144,272.78

Current liabilities:

     Short-term loans                                                                 80,000,000.00         80,000,000.00

     Financial liability measured by fair value and with variation reckoned
into current gains/losses

     Derivative financial liability

     Notes payable                                                                   166,845,242.18        171,760,000.00

     Accounts payable                                                                688,426,018.63        595,558,830.63

     Accounts received in advance                                                      2,569,590.04           732,252.09

     Wage payable                                                                    138,967,119.68        119,456,739.08

     Taxes payable                                                                    48,384,556.81         28,055,629.04

     Interest payable                                                                     88,933.33             88,933.33

     Dividend payable

     Other accounts payable                                                          354,514,743.52         14,190,407.16

     Divided into liability held for sale

     Non-current liabilities due within 1 year

     Other current liabilities

Total current liabilities                                                          1,479,796,204.19      1,009,842,791.33

Non-current liabilities:

     Long-term loans




                                                                                                                       16
                                               无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Bonds payable

        Including: preferred stock

                Perpetual capital securities

     Long-term account payable

     Long-term wages payable                                     101,240,000.00        101,240,000.00

     Special accounts payable

     Projected liabilities

     Deferred income                                             425,224,159.05        432,695,399.27

     Deferred income tax liabilities                               17,327,249.99        25,539,322.49

     Other non-current liabilities

Total non-current liabilities                                    543,791,409.04        559,474,721.76

Total liabilities                                               2,023,587,613.23     1,569,317,513.09

Owner’s equity:

     Share capital                                              1,008,950,570.00     1,008,950,570.00

     Other equity instrument

        Including: preferred stock

                Perpetual capital securities

     Capital public reserve                                     3,448,408,786.39     3,448,408,786.39

     Less: Inventory shares

     Other comprehensive income                                    98,187,750.01       144,722,827.51

     Reasonable reserve

     Surplus public reserve                                      510,100,496.00        510,100,496.00

     Retained profit                                            6,912,494,729.43     5,525,644,079.79

Total owner’s equity                                          11,978,142,331.83    10,637,826,759.69

Total liabilities and owner’s equity                         14,001,729,945.06     12,207,144,272.78


3. Consolidated Profit Statement

                                                                                                  In RMB

                                        Item                 Current Period         Last Period

I. Total operating income                                       2,457,239,285.84     1,533,288,775.97

     Including: Operating income                                2,457,239,285.84     1,533,288,775.97

              Interest income

     Insurance gained

     Commission charge and commission income



                                                                                                      17
                                                                     无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


II. Total operating cost                                                             2,223,746,377.38      1,418,885,132.32

Including: Operating cost                                                            1,968,602,520.31      1,206,816,524.58

     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

     Taxes and surcharge                                                                19,195,496.41          7,363,242.92

     Sales expenses                                                                     41,776,849.82         41,901,472.33

     Administration expenses                                                           204,449,276.63        162,096,345.31

     Financial expenses                                                                 -1,067,264.09         -3,425,613.24

     Losses of devaluation of asset                                                     -9,210,501.70          4,133,160.42

     Add: Changing income of fair value(Loss is listed with ―-‖)

     Investment income (Loss is listed with ―-‖)                                     473,092,354.10        326,641,388.36

     Including: Investment income on affiliated company and joint venture              396,008,914.27        247,914,647.43

     Exchange income (Loss is listed with ―-‖)

III. Operating profit     (Loss is listed with ―-‖)                                  706,585,262.56        441,045,032.01

     Add: Non-operating income                                                           8,349,930.51         14,148,099.42

           Including: Disposal gains of non-current asset                                   75,675.06           581,224.18

     Less: Non-operating expense                                                         1,431,119.18          6,147,971.59

           Including: Disposal loss of non-current asset                                 1,135,047.11           923,134.93

IV. Total Profit   (Loss is listed with ―-‖)                                         713,504,073.89        449,045,159.84

     Less: Income tax expense                                                           45,554,436.17         30,393,099.94

V. Net profit (Net loss is listed with ―-‖)                                          667,949,637.72        418,652,059.90

    Net profit attributable to owner’s of parent company                              645,645,422.01        405,471,329.51

  Minority shareholders’ gains and losses                                              22,304,215.71         13,180,730.39

VI. Net after-tax of other comprehensive income                                        -46,535,077.50        -81,440,178.74

  Net after-tax of other comprehensive income attributable to owners of
                                                                                       -46,535,077.50        -81,440,178.74
parent company

       (I) Other comprehensive income items which will not be reclassified
subsequently to profit of loss

              1. Changes as a result of re-measurement of net defined benefit
plan liability or asset


                                                                                                                         18
                                                                        无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


             2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss

     (II) Other comprehensive income items which will be reclassified
                                                                                           -46,535,077.50          -81,440,178.74
subsequently to profit or loss

             1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified subsequently to
profit or loss

             2. Gains or losses arising from changes in fair value of
                                                                                           -46,535,077.50          -81,440,178.74
available-for-sale financial assets

             3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets

             4. The effect hedging portion of gains or losses arising from cash
flow hedging instruments

             5. Translation differences arising on translation of foreign
currency financial statements

             6. Other

  Net after-tax of other comprehensive income attributable to minority
shareholders

VII. Total comprehensive income                                                           621,414,560.22           337,211,881.16

     Total comprehensive income attributable to owners of parent Company                  599,110,344.51           324,031,150.77

     Total comprehensive income attributable to minority shareholders                       22,304,215.71           13,180,730.39

VIII. Earnings per share:

      (i) Basic earnings per share                                                                     0.64                    0.40

      (ii) Diluted earnings per share                                                                  0.64                    0.40

Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party


Legal Representative: Chen Xuejun                                             Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin


4. Profit Statement of Parent Company

                                                                                                                              In RMB

                                        Item                                          Current Period            Last Period

I. Operating income                                                                       813,934,214.19           394,842,543.82

     Less: Operating cost                                                                 638,887,572.89           326,989,913.53

          Taxes and surcharge                                                                7,984,966.78              155,980.65

          Sales expenses                                                                     7,678,027.13           11,138,867.26


                                                                                                                                    19
                                                                         无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


           Administration expenses                                                          92,345,965.58         64,823,744.99

           Financial expenses                                                               -3,518,233.94         -5,318,543.29

           Losses of devaluation of asset                                                      137,433.22             -4,138.36

     Add: Changing income of fair value(Loss is listed with ―-‖)

          Investment income (Loss is listed with ―-‖)                                  1,332,340,867.66        304,417,001.29

          Including: Investment income on affiliated company and joint
                                                                                           361,508,245.44        225,690,260.36
venture

II. Operating profit      (Loss is listed with ―-‖)                                    1,402,759,350.19        301,473,720.33

  Add: Non-operating income                                                                  7,700,340.34         11,504,457.16

           Including: Disposal gains of non-current asset                                        9,966.88           461,816.10

     Less: Non-operating expense                                                               944,585.23          5,152,325.81

           Including: Disposal loss of non-current asset                                       944,585.23           538,185.46

III. Total Profit   (Loss is listed with ―-‖)                                          1,409,515,105.30        307,825,851.68

     Less: Income tax expense                                                               22,664,455.66          9,612,662.38

IV. Net profit (Net loss is listed with ―-‖)                                           1,386,850,649.64        298,213,189.30

V. Net after-tax of other comprehensive income                                             -46,535,077.50        -81,440,178.74

       (I) Other comprehensive income items which will not be reclassified
subsequently to profit of loss

              1. Changes as a result of re-measurement of net defined benefit
plan liability or asset

              2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss

       (II) Other comprehensive income items which will be reclassified
                                                                                           -46,535,077.50        -81,440,178.74
subsequently to profit or loss

              1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified subsequently to
profit or loss

              2. Gains or losses arising from changes in fair value of
                                                                                           -46,535,077.50        -81,440,178.74
available-for-sale financial assets

              3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets

              4. The effect hedging portion of gains or losses arising from cash
flow hedging instruments

              5. Translation differences arising on translation of foreign
currency financial statements

              6. Other




                                                                                                                             20
                                                                    无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


VI. Total comprehensive income                                                       1,340,315,572.14       216,773,010.56

VII. Earnings per share:

      (i) Basic earnings per share

      (ii) Diluted earnings per share


5. Consolidated Cash Flow Statement

                                                                                                                       In RMB

                                        Item                                      Current Period         Last Period

I. Cash flows arising from operating activities:

     Cash received from selling commodities and providing labor services             1,577,421,097.54     1,045,759,145.54

     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 amount from disposal financial assets that measured by
fair value and with variation reckoned into current gains/losses

     Cash received from interest, commission charge and commission

     Net increase of capital borrowed

     Net increase of returned business capital

     Write-back of tax received                                                          6,023,940.02         8,008,632.87

     Other cash received concerning operating activities                                 8,921,775.92        10,098,654.92

Subtotal of cash inflow arising from operating activities                            1,592,366,813.48     1,063,866,433.33

     Cash paid for purchasing commodities and receiving labor service                 995,152,879.93        646,736,537.70

     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 workers                                               285,801,816.67        233,203,007.42

     Taxes paid                                                                       126,987,566.22         73,384,118.46

     Other cash paid concerning operating activities                                    92,306,327.01        67,711,009.14

Subtotal of cash outflow arising from operating activities                           1,500,248,589.83     1,021,034,672.72



                                                                                                                           21
                                                                    无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


Net cash flows arising from operating activities                                       92,118,223.65         42,831,760.61

II. Cash flows arising from investing activities:

     Cash received from recovering investment                                       1,103,810,985.03      2,205,000,000.00

     Cash received from investment income                                              52,468,395.94         64,419,340.50

     Net cash received from disposal of fixed, intangible and other long-term
                                                                                       52,789,826.68         42,881,823.24
assets

     Net cash received from disposal of subsidiaries and other units

     Other cash received concerning investing activities                                                      4,994,867.00

Subtotal of cash inflow from investing activities                                   1,209,069,207.65      2,317,296,030.74

     Cash paid for purchasing fixed, intangible and other long-term assets            136,457,664.94        172,091,632.80

     Cash paid for investment                                                       3,821,063,985.03      4,164,900,000.00

     Net increase of mortgaged loans

     Net cash received from subsidiaries and other units obtained

     Other cash paid concerning investing activities                                                          4,417,030.41

Subtotal of cash outflow from investing activities                                  3,957,521,649.97      4,341,408,663.21

Net cash flows arising from investing activities                                    -2,748,452,442.32     -2,024,112,632.47

III. Cash flows arising from financing activities

     Cash received from absorbing investment

     Including: Cash received from absorbing minority shareholders’
investment by subsidiaries

     Cash received from loans                                                         105,000,000.00         20,000,000.00

     Cash received from issuing bonds

     Other cash received concerning financing activities

Subtotal of cash inflow from financing activities                                     105,000,000.00         20,000,000.00

     Cash paid for settling debts                                                      70,000,000.00        117,000,000.00

     Cash paid for dividend and profit distributing or interest paying                  2,474,612.51          2,994,639.99

     Including: Dividend and profit of minority shareholder paid by
subsidiaries

     Other cash paid concerning financing activities                                     1,049,711.28

Subtotal of cash outflow from financing activities                                     73,524,323.79        119,994,639.99

Net cash flows arising from financing activities                                       31,475,676.21        -99,994,639.99

IV. Influence on cash and cash equivalents due to fluctuation in exchange rate            138,701.86

V. Net increase of cash and cash equivalents                                        -2,624,719,840.60     -2,081,275,511.85

     Add: Balance of cash and cash equivalents at the period -begin                  3,795,223,678.11     3,040,315,198.85

VI. Balance of cash and cash equivalents at the period -end                         1,170,503,837.51        959,039,687.00


                                                                                                                         22
                                                                   无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


6. Cash Flow Statement of Parent Company

                                                                                                                      In RMB

                                      Item                                       Current Period         Last Period

I. Cash flows arising from operating activities:

     Cash received from selling commodities and providing labor services             495,702,092.06        293,136,068.15

     Write-back of tax received

     Other cash received concerning operating activities                             337,942,177.95      1,018,487,862.15

Subtotal of cash inflow arising from operating activities                            833,644,270.01      1,311,623,930.30

     Cash paid for purchasing commodities and receiving labor service                357,055,448.99        282,753,491.39

     Cash paid to/for staff and workers                                              109,935,147.40         95,493,605.17

     Taxes paid                                                                        55,895,858.21         2,009,050.02

     Other cash paid concerning operating activities                                   21,847,296.38        17,029,393.28

Subtotal of cash outflow arising from operating activities                           544,733,750.98        397,285,539.86

Net cash flows arising from operating activities                                     288,910,519.03        914,338,390.44

II. Cash flows arising from investing activities:

     Cash received from recovering investment                                       1,004,900,000.00     2,170,000,000.00

     Cash received from investment income                                            954,468,395.94         64,419,340.50

     Net cash received from disposal of fixed, intangible and other long-term
                                                                                       52,592,957.40        42,399,744.56
assets

     Net cash received from disposal of subsidiaries and other units                    2,410,502.57

     Other cash received concerning investing activities

Subtotal of cash inflow from investing activities                                   2,014,371,855.91     2,276,819,085.06

     Cash paid for purchasing fixed, intangible and other long-term assets             29,801,694.00       114,644,737.91

     Cash paid for investment                                                       3,538,000,000.00     4,054,900,000.00

     Net cash received from subsidiaries and other units

     Other cash paid concerning investing activities                                                         4,417,030.41

Subtotal of cash outflow from investing activities                                  3,567,801,694.00     4,173,961,768.32

Net cash flows arising from investing activities                                   -1,553,429,838.09    -1,897,142,683.26

III. Cash flows arising from financing activities

     Cash received from absorbing investment

     Cash received from loans

     Cash received from issuing bonds

     Other cash received concerning financing activities

Subtotal of cash inflow from financing activities



                                                                                                                          23
                                                                    无锡威孚高科技集团股份有限公司 2017 年第一季度报告全文


     Cash paid for settling debts                                                                             50,000,000.00

     Cash paid for dividend and profit distributing or interest paying                    800,399.99           2,160,055.28

     Other cash paid concerning financing activities

Subtotal of cash outflow from financing activities                                        800,399.99          52,160,055.28

Net cash flows arising from financing activities                                         -800,399.99          -52,160,055.28

IV. Influence on cash and cash equivalents due to fluctuation in exchange rate            138,701.86

V. Net increase of cash and cash equivalents                                        -1,265,181,017.19      -1,034,964,348.10

     Add: Balance of cash and cash equivalents at the period -begin                 2,143,377,059.99        1,734,531,427.66

VI. Balance of cash and cash equivalents at the period -end                           878,196,042.80         699,567,079.56


II. Audit report

Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company was unaudited




                                                                                    Board of Director of
                                                                           Weifu High-Technology Group Co., Ltd


                                                                                    Chairman: ________
                                                                                              Chen Xuejun
                                                                                          28 April 2017




                                                                                                                          24