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苏威孚B(200581)公告正文

苏威孚B:2017年第一季度报告正文(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 年第一季度报告正文


Stock Code: 000581, 200581                                                                        Notice No.: 2017-011
Short Form of the Stock: Weifu High-Tech, Su Weifu-B




                      Weifu High-Technology Group Co., Ltd.
                              Text of First Quarterly Report 2017




                                      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.




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




                                            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



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


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

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

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

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

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

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


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


–Client’s fund                                person

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

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




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


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




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


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


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


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

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




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


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)




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


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




                                                                                        Board of Director of
                                                                            Weifu High-Technology Group Co., Ltd
                                                                                            28 April 2017




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