新闻源 财富源

2019年11月22日 星期五

苏威孚B(200581)公告正文

苏威孚B:2017年第三季度报告全文(英文版)

公告日期:2017-10-26

WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.

    THE THIRD QUARTERLY REPORT 2017




              October 2017
                                        无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文




                         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 hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report
deliberation.
Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge of
Accounting Work; Ou Jianbin, Person in Charge of Accounting Organization
(Accounting Officer) hereby confirm that the Financial Report of the Third
Quarterly Report is authentic, accurate and complete.




                                                                                            2
                                                                       无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文




                            Section II. Basic information of Company

I. Main accounting data and index

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□Yes   √No

                                                    Current period-end             Period-end of last year             Increase/decrease

Total assets(RMB)                                          18,875,841,570.78                17,263,771,897.78                          9.34%

Net assets attributable to shareholders of
                                                           14,127,826,625.83                12,927,344,292.47                          9.29%
listed company (RMB)

                                                                                                                        Increase/decrease in
                                                                     Increase/decrease in
                                                                                              Year-begin to end of        comparison with
                                               Current period       comparison with same
                                                                                                  the Period               year-begin to
                                                                      period of last year
                                                                                                                       Period-end of last year

Operating revenue (RMB)                       1,832,997,683.30                     20.36%        6,561,123,282.32                     34.19%

Net profit attributable to shareholders of
                                                527,771,783.49                     44.15%        1,853,693,813.05                     41.54%
the listed company (RMB)

Net profit attributable to shareholders of
the listed company after deducting              481,368,893.14                     56.71%        1,689,633,181.95                     48.63%
non-recurring gains and losses(RMB)

Net cash flow arising from operating
                                                      --                      --                   455,662,695.70                     82.95%
activities(RMB)

Basic earnings per share (RMB/Share)                         0.53                  47.22%                       1.84                  41.54%

Diluted earnings per share (RMB/Share)                       0.53                  47.22%                       1.84                  41.54%

Weighted average ROE                                       3.81%                    0.83%                 13.67%                       2.97%

Items and amount of extraordinary profit (gains)/losses
√Applicable      □Not applicable
                                                                                                                                       In RMB

                                                                                                  Amount from year-begin
                                             Item                                                                                   Note
                                                                                                    to end of the Period

Gains/losses from the disposal of non-current asset (including the write-off that accrued
                                                                                                               -2,685,459.96
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 relevant to                      26,325,334.92
enterprise’s business)

Gains/losses from entrusted investment or assets management                                                  141,966,976.58


                                                                                                                                                 3
                                                                         无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


Except for effective hedge business relevant to normal operation of the Company, gains
and losses arising from fair value change of tradable financial assets and tradable
                                                                                                               24,625,516.88
financial liabilities, and investment income from disposal of tradable financial assets,
tradable financial liabilities and financial assets available for sale

Restoring of receivable impairment provision that tested individually                                           1,208,025.21

Other non-operating income and expenditure except for the aforementioned items                                  3,381,875.70

Less: impact on income tax                                                                                     29,274,729.38

        Impact on minority shareholders’ equity (post-tax)                                                     1,486,908.85

Total                                                                                                        164,060,631.10        --

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. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period

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 recover
                                                               59,542                                                                    0
report period                                                            at the end of report period (if applicable)

                                                           Top ten shareholders

                                                                                                                       Number of share
                                                                           Proportion                    Amount of
                                                         Nature of                       Amount of                      pledged/frozen
                   Shareholders                                             of shares                     restricted
                                                       shareholder                       shares held                   State of
                                                                              held                       shares held               Amount
                                                                                                                        share

WUXI INDUSTRY DEVELOPMENT                              State-owned
                                                                               20.22%     204,059,398
GROUP CO., LTD.                                          corporate

ROBERT BOSCH GMBH                                   Foreign corporate          14.16%     142,841,400
Hong Kong Securities Clearing Company
                                                    Foreign corporate           2.75%      27,779,755
Ltd. (HKSCC)

Kangjian Assets Management Company
                                                    Foreign corporate           1.53%      15,409,392
–Client’s fund

BBH BOS S/A FIDELITY FD - CHINA                     Foreign corporate           1.46%      14,759,494


                                                                                                                                             4
                                                                    无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


FOCUS FD

                                                   State-owned
Central Huijin Investment Ltd.                                             1.27%     12,811,200
                                                    corporate

RBC EMERGING MARKETS EQUITY
                                                Foreign corporate          0.86%       8,675,835
FUND

                                                    Domestic
Huatai Securities Co., Ltd.                     non-state-owned            0.70%       7,083,000
                                                   legal person
CCB- Fullgoal Tianbo Innovation Theme Mix
                                                      Other                0.62%       6,232,191
Securities Investment Fund

National Social Security Funds-107                    Other                0.46%       4,650,500

                                 Particular about top ten shareholders with un-restrict shares held

                                                                  Amount of un-restrict                    Type of shares
                        Shareholders
                                                                  common shares held                  Type                  Amount

WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD.                                   204,059,398 RMB common shares                   204,059,398

                                                                                          RMB common shares                 115,260,600
ROBERT BOSCH GMBH                                                           142,841,400 Domestically listed
                                                                                                                             27,580,800
                                                                                          foreign shares
Hong Kong Securities Clearing Company Ltd. (HKSCC)                           27,779,755 RMB common shares                    27,779,755

Kangjian Assets Management Company –Client’s fund                          15,409,392 RMB common shares                    15,409,392

                                                                                          Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD                                     14,759,494                                      14,759,494
                                                                                          foreign shares

Central Huijin Investment Ltd.                                               12,811,200 RMB common shares                    12,811,200

                                                                                          Domestically listed
RBC EMERGING MARKETS EQUITY FUND                                              8,675,835                                       8,675,835
                                                                                          foreign shares

Huatai Securities Co., Ltd.                                                   7,083,000 RMB common shares                     7,083,000
CCB- Fullgoal Tianbo Innovation Theme Mix Securities
                                                                              6,232,191 RMB common shares                     6,232,191
Investment Fund

National Social Security Funds-107                                            4,650,500 RMB common shares                     4,650,500

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




                                                                                                                                          5
                                                              无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


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 of shareholders with preferred stock held and the top ten shareholdings

□Applicable          √Not applicable




                                                                                                                         6
                                                       无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文




                                   Section III. Important events

I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons

√ Applicable   □Not applicable


(I) Changes of items of balance sheet and cause analysis:
1. Monetary fund: decreased 2520.7571 million Yuan over that of beginning of the year with 63.50% down,
mainly due to more financial products are purchased in the period;
2. Account receivable: increased 407.8842 million Yuan over that of beginning of the year with 30.79%
growth, mainly due to the growth of sales in the period;
3. Account paid in advance: increased 33.0038 million Yuan over that of beginning of the year with 44.58%
growth, mainly because account paid in advance for materials etc. increased in the period;
4. Other receivable: increased 4.8011 million Yuan over that of beginning of the year with 81.27% growth,
mainly because pretty cash for business travel at period-end increased;
5. Other current assets: increased 3173.6326 million Yuan over that of beginning of the year with 165.79%
growth, mainly due to more financial products are purchased in the period;
6. Construction in progress: increased 57.4428 million Yuan over that of beginning of the year with 63.39%
growth, mainly because phase II projects in industry zone increased in the period;
7. Other non-current assets: increased 97.4827 million Yuan over that of beginning of the year with 94.95%
growth, mainly because the prepayment for projects and equipments increased;
8. Short-term loans: increased 85 million Yuan over that of beginning of the year with 56.67% growth,
mainly because bank loans increased;
9. Wages payable: decreased 73.858 million Yuan over that of beginning of the year with 32.02% down,
mainly because year-end bonuses are in the period;
10. Other payables: decreased 36.4833 million Yuan over that of beginning of the year with 37.80% down,
mainly because cash deposit payable in the period decreased;
11. Deferred income tax liability: decreased 8.5665 million Yuan over that of beginning of the year with
30.95% down, mainly because available-for-sale financial assets are sold in the period and fair value
declined;
12. Other comprehensive income: decreased 48.0717 million Yuan over that of beginning of the year with
33.22% down, mainly because available-for-sale financial assets has declined in fair value at period-end




                                                                                                           7
                                                            无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


 (ii) Changes of items of income statement and cause analysis:
1. Operation revenue: increased 1671.75 million Yuan on a y-o-y basis with 34.19% up, mainly because products
sales growth with the dramatically expansion of commercial vehicle market;
2. Operation costs: increased 1260.5592 million Yuan on a y-o-y basis with 32.85% up, mainly benefit a lot from
the expansion of commercial vehicle market, main products sales of the Company growth from a year earlier;
3. Business tax and surcharge: increased 29.1091 million Yuan on a y-o-y basis with 122.37% up, mainly because
since May 2016, the property tax, land holding tax, vehicle and vessel usage tax and stamp tax are adjusted to
business tax and surcharge from “administration expenses”; and the sales growth;
4. Financial expenses: increased 9.3281 million Yuan on a y-o-y basis, mainly because loan interest and loss on
exchange increased in the period;
5. Assets impairment loss: decreased 12.4957 million Yuan on a y-o-y basis with 99.55% down, mainly because
the inventory falling price reserves are switch back for the fluctuation in raw maturely prices;
6. Investment earnings: increased 353.936 million Yuan on a y-o-y basis with 34.50% up, mainly because
equity-participation enterprise has more in profit in the period;
7. Non-operation revenue: decreased 20.1643 million Yuan on a y-o-y basis with 68.64% down, mainly because
the government grants related with routine activities in the period are re-classified to other incomes;
8. Non-operation expenditure: increased 2.2484 million Yuan on a y-o-y basis, mainly because net losses from
fixed assets disposal and local fund payment in the period increased;
9. Total profit: increased 607.3358 million Yuan on a y-o-y basis with 42% up, mainly due to the growth of profit
from main business and investment earnings in the period;
10. Income tax expense: increased 48.9326 million Yuan on a y-o-y basis with 53.37% up, mainly due to the
growth of profit in the period.


(III) Changes of items of cash flow statement and cause analysis:
1. Net cash flow arising from operation activities: increased 206.6004 million Yuan in-flow on a y-o-y basis
with 82.95% up, mainly because sales return increased from a year earlier;
2. Net cash flow arising from investment activities: decreased 857.7232 million Yuan, mainly because financial
products purchased in the period and maturity recovery declined from a year earlier.


II. Progress of significant events, their influences, and analysis and explanation of their
solutions

√ Applicable □Not applicable
1. Wholly-owned subsidiary of the Company has investment intention on industry mergers & acquisitions fund
On 31 May 2016, the Company held the 7th meeting of the 8th board of directors, to consider and approve the
resolution relating to the wholly-owned subsidiary of the Company proposing to establish industry merger &
acquisition funds. In order to accelerate the Company’s industrial upgrade and development speed, preserve


                                                                                                                8
                                                           无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


merger & acquisition projects, improve its comprehensive strength and realize development strategy, the
Company agreed with Ping’an Securities Co., Ltd. (“Ping’an Securities’ for short) in reaching for initial
cooperation plan. Weifu Auto Diesel, a wholly-owned subsidiary of the Company, proposed to cooperate with
Ping’an Ronghui which was established by Ping’an Caizhi (a wholly-owned subsidiary of Ping’an Securities) to
establish business merger & acquisition funds. The relevant announcement (No. 2016-015) was published on
China Securities, Securities Times, Hong Kong Commercial Daily and Juchao Information website
(http://www.cninfo.com.cn). Till now, this matter is being prepared.
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 Ningbo Weifu Tianli Supercharging Technique 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.: 2016-023 and 2017-001)
were published on China Securities Journal, 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
consideration and approval.
3. Parts of the joint-stock enterprise’s equity held by the Company freeze
On March 6, 2017, the company received the civil ruling No.(2016)Y03MC2490 and No.(2016) Y03MC2492
from Shenzhen Intermediate People's Court about the dispute case that the plaintiff applicant China Cinda Asset
Management Co., Ltd. Shenzhen Branch (hereinafter referred to as “Cinda Company”) appealed the respondent
Weifu High Technology and other seven respondents and the shareholders of the third party Hejun Company
damaged the interests of corporate creditors, which adopted the mandatory measures to freeze the assets with
value of RMB 217 million under the name of the Company and other seven respondents and Hejun Company.
Freeze 4.71 million shares of Miracle Logistics and 15.3 million shares of SDEC held by the company. The
relevant announcements (No.: 2017-002) were published on China Securities Journal, Securities Times, Hong
Kong Commercial Daily and Juchao Information Website (http://www.cninfo.com.cn).
This litigation will not affect the company’s daily operating activities for the time being. The company has
engaged professional lawyers to strive to properly handle and resolve the litigation and the frozen stock equity as
soon as possible through normal and legal approaches and protect the legitimate rights and interests of the
company according to law.
(1) By the company’s application for reconsideration, Shenzhen Intermediate People's Court deemed the total
assets that Cinda Company applied for preservation to be RMB 217,027,697.23. The total value of 15.3 million
shares of SDEC Stock and 4.71 million shares of Miracle Logistics held by the company has exceeded the total
assets that Cinda Company applied for preservation, therefore, 3,560,898 shares of SDEC Stock held by the
company was unfrozen. Up to the end of the reporting period, the company’s frozen assets were as follows: 4.71
million shares of Miracles Logistics held by the company and its fruits, and 11,739,102 shares of SDEC Stock
held by the company and its fruits. At present, this litigation is in the first instance (First trial on 24 September


                                                                                                                   9
                                                                      无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


2017, and futher session to be advised from the Court).
(2) The company has applied to Futian People's Court of Shenzhen for compulsory liquidation with Hejun
Company, the Court placed on file and will open a court session on 27 October 2017.
4. Wholly-owned subsidiary consolidation by merger
On 25 July 2017, the first extraordinary shareholders general meeting of 2017 held for deliberated and approved
the proposal of a w holly-owned subsidiary consolidation by merger. According to the operation development
requirments, and furhter optimized the management structure and governance structure, to simplify internal
accounting, reducing management costs, integrated business resources and improve operation efficiency, the
Company consolidated Wuxi Weifu Automative Diesel System Co., Ltd. by merger. The relevant announcements
(No.: 2017-017 and No.: 2017-020) were published on China Securities Journal, Securities Times, Hong Kong
Commercial Daily and Juchao Information Website (http://www.cninfo.com.cn). Relevant works still in progress.

                      Overview                           Disclosure date                  Query index for interim notice

Notice of Planning of Setting Up Industrial Merger                          (Notice No. 2016-015) Published on Juchao Website
                                                        2016-06-02
& Acquisition Fund by Wholly-owned Subsidiary                               (www.cninfo.com.cn)

                                                                            (Notice No. 2016-023) Published on Juchao Website
Proposed application for listing in the national 2016-10-27
                                                                            (www.cninfo.com.cn)
middle and small enterprises stock transfer system
by the controlling subsidiary Weifu Tianli                                  (Notice No. 2017-001) Published on Juchao Website
                                                        2017-01-07
                                                                            (www.cninfo.com.cn)
Parts of the joint-stock enterprise’s equity held by                       (Notice No. 2017-002) Published on Juchao Website
                                                        2017-03-08
the Company freeze                                                          (www.cninfo.com.cn)

                                                                            (Notice No. 2017-017) Published on Juchao Website
                                                        2017-07-06
                                                                            (www.cninfo.com.cn)
Wholly-owned subsidiary consolidation by merger
                                                                            (Notice No. 2017-020) Published on Juchao Website
                                                        2017-07-26
                                                                            (www.cninfo.com.cn)


III. Commitments that the company, shareholders, actual controller, offeror, directors,
supervisors, senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period

□ Applicable √ Not applicable

There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or

other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.


IV. Estimation of operation performance for year of 2017

Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation of reason
□Applicable           √Not applicable




                                                                                                                                10
                                                                            无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


V. Particular about security investment

√ Applicable             □Not applicable
                                                                                                                                        In RMB

                                                        Book Changes
                                                                                         Curre             Profit
                                            Account value at      in fair                                            Book
 Variety                 Short                                              Cumulativ     nt              and loss
           Code of            Initial  ing     the   value of                    Current         value at           Sourc
   of                form of                                  e fair value purch          in the          Accountin
          securiti           investm measure beginni   the                        sales          the end             e of
securitie          securitie ent cost                         changes in ase             Reporti          g subject
             es                       ment    ng of current                      amount           of the            stock
   s                  s                                          equity amou                ng
                                      model    the    profit                                      period
                                                                             nt          Period
                                             period and loss

Domesti                                                                                                                     Financial
                                            Measure
c and                            199,208                293,694 -38,709, 63,041,737              53,860, -38,173, 202,878 assets        Own
           600841 SDEC                      d by fair
foreign                           ,000.00               ,000.00   000.00           .51           000.00    500.00 ,000.00 available     funds
                                            value
stocks                                                                                                                      for sales

Domesti                                                                                                                     Financial
                     Miracle                Measure
c and                             69,331,               68,153, 6,499,8 33,609,382                        6,735,3 74,653, assets        Own
           002009 Logistic                  d by fair
foreign                            500.00                700.00     00.00          .50                      00.00    500.00 available   funds
                     s                      value
stocks                                                                                                                      for sales

                                 268,539                361,847 -32,209, 96,651,120              53,860, -31,438, 277,531
Total                                          --                                         0.00                                   --       --
                                  ,500.00               ,700.00   200.00           .01           000.00    200.00 ,500.00

Disclosure date of               2012-03-24
securities investment
                                 2013-06-04
approval from the Board


VI. Particulars about derivatives investment

□ Applicable    √ Not applicable
The Company had no derivatives investment in Period.


VII. Registration form of receiving research, communication and interview in the report
period

√ Applicable        □Not applicable

                                      Type of
         Date             Method                                              Index for the interview and research
                                     investors

Form 1 July to 30 Written                        The Company answered 59 questions for investors online through the investor relations
                                     Other
September 2017       inquiry                     interactive platform(http://irm.p5w.net/dqhd/sichuan/)

                     Telephone
Form 1 July to 30                                Basic condition of the Company and views on market in 2017, communication with
                     communicat Other
September 2017                                   investors by telephone more than 50
                     ion


                                                                                                                                               11
                                                                    无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


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.


X. Fulfill the precise social responsibility for poverty alleviation

The Company has no precise social responsibility for poverty alleviation in the period and has no follow-up plan either.




                                                                                                                           12
                                                                  无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文




                                     Section IV. Financial Statement

I. Financial statement

1. Consolidate balance sheet

Prepared by Weifu High-Technology Group Co., Ltd.
                                                            2017-09-30
                                                                                                                       In RMB

                                   Item                                    Balance at period-end     Balance at period-begin

Current assets:

     Monetary funds                                                               1,448,916,925.29           3,969,674,068.56

     Settlement provisions

     Capital lent

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

     Derivative financial assets

     Notes receivable                                                             1,386,163,271.99           1,279,844,777.10

     Accounts receivable                                                          1,732,587,749.22           1,324,703,543.17

     Accounts paid in advance                                                       107,034,320.50              74,030,486.38

     Insurance receivable

     Reinsurance receivables

     Contract reserve of reinsurance receivable

     Interest receivable                                                              1,744,791.66               2,487,527.65

     Dividend receivable                                                                646,368.57

     Other receivables                                                               10,708,939.39               5,907,873.92

     Purchase restituted finance asset

     Inventories                                                                  1,289,840,959.12           1,349,444,535.25

     Divided into assets held for sale

     Non-current asset due within one year

     Other current assets                                                         5,087,858,469.64           1,914,225,879.67

Total current assets                                                             11,065,501,795.38           9,920,318,691.70

Non-current assets:

     Loans and payments on behalf

     Finance asset available for sales                                              699,297,769.00             695,235,461.00



                                                                                                                               13
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Held-to-maturity investment

     Long-term account receivable

     Long-term equity investment                                                   3,757,901,693.48        3,421,030,760.78

     Investment property                                                              23,936,481.73           25,113,472.54

     Fixed assets                                                                  2,427,099,320.35        2,447,840,035.34

     Construction in progress                                                        148,063,948.85           90,621,102.20

     Engineering material

     Disposal of fixed asset

     Productive biological asset

     Oil and gas asset

     Intangible assets                                                               336,012,203.11          347,206,518.76

     Expense on Research and Development

     Goodwill                                                                          1,784,086.79            1,784,086.79

     Long-term expenses to be apportioned                                             14,713,419.10            1,753,413.10

     Deferred income tax asset                                                       201,376,466.44          210,196,714.45

     Other non-current asset                                                         200,154,386.55          102,671,641.12

Total non-current asset                                                            7,810,339,775.40        7,343,453,206.08

Total assets                                                                      18,875,841,570.78       17,263,771,897.78

Current liabilities:

     Short-term loans                                                                235,000,000.00          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                                                                   832,762,334.61          837,045,962.78

     Accounts payable                                                              2,130,839,879.40        1,729,250,355.93

     Accounts received in advance                                                     47,499,789.35           42,983,352.84

     Selling financial asset of repurchase

     Commission charge and commission payable

     Wage payable                                                                    156,814,306.69          230,672,269.58

     Taxes payable                                                                    73,304,286.07           62,634,922.88

     Interest payable                                                                    276,337.03             437,938.27




                                                                                                                         14
                                                 无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Dividend payable

     Other accounts payable                                       60,031,174.25           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                                      3,536,528,107.40        3,149,539,287.87

Non-current liabilities:

     Long-term loans                                              57,500,000.00           60,000,000.00

     Bonds payable

        Including: preferred stock

                Perpetual capital securities

     Long-term account payable                                    17,496,363.00           17,835,454.00

     Long-term wages payable                                     137,198,200.42          112,815,704.51

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

     Projected liabilities

     Deferred income                                             462,854,629.41          479,211,845.88

     Deferred income tax liabilities                              19,107,615.64           27,674,132.89

     Other non-current liabilities

Total non-current liabilities                                    712,421,890.58          715,802,219.39

Total liabilities                                              4,248,949,997.98        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                                   96,651,120.01          144,722,827.51

     Reasonable reserve                                              319,575.00               89,005.19

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



                                                                                                     15
                                                                  无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Provision of general risk

     Retained profit                                                              9,093,963,461.93           7,845,639,990.88

Total owner’s equity attributable to parent company                             14,127,826,625.83          12,927,344,292.47

Minority interests                                                                  499,064,946.97             471,086,098.05

Total owner’s equity                                                            14,626,891,572.80          13,398,430,390.52

Total liabilities and owner’s equity                                            18,875,841,570.78          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                               Balance at period-end     Balance at period-begin

Current assets:

     Monetary funds                                                                 900,404,228.19           2,143,816,269.01

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

     Derivative financial assets

     Notes receivable                                                               435,016,065.93             216,516,806.40

     Accounts receivable                                                            754,169,871.14             611,594,846.92

     Account paid in advance                                                         60,123,043.03              34,805,212.41

     Interest receivable

     Dividends receivable                                                               646,368.57

     Other receivables                                                               51,193,999.46              46,349,571.47

     Inventories                                                                    254,877,367.19             202,839,001.66

     Divided into assets held for sale

     Non-current assets maturing within one year

     Other current assets                                                         4,955,447,224.58           1,945,446,935.23

Total current assets                                                              7,411,878,168.09           5,201,368,643.10

Non-current assets:

     Available-for-sale financial assets                                            623,357,769.00             619,295,461.00

     Held-to-maturity investments

     Long-term receivables

     Long-term equity investments                                                 4,870,496,252.42           4,591,005,651.65

     Investment property

     Fixed assets                                                                 1,372,282,427.42           1,438,192,853.38


                                                                                                                               16
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Construction in progress                                                         73,820,083.45           36,142,328.79

     Project materials

     Disposal of fixed assets

     Productive biological assets

     Oil and natural gas assets

     Intangible assets                                                               186,367,037.62          192,448,576.72

     Research and development costs

     Goodwill

     Long-term deferred expenses

     Deferred income tax assets                                                       90,515,237.26           96,943,564.13

     Other non-current assets                                                         84,334,014.68           31,747,194.01

Total non-current assets                                                           7,301,172,821.85        7,005,775,629.68

Total assets                                                                      14,713,050,989.94       12,207,144,272.78

Current liabilities:

     Short-term borrowings                                                            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                                                                   384,167,492.72          171,760,000.00

     Accounts payable                                                                713,082,500.33          595,558,830.63

     Accounts received in advance                                                      9,842,500.23             732,252.09

     Wage payable                                                                     66,856,082.03          119,456,739.08

     Taxes payable                                                                    25,727,184.22           28,055,629.04

     Interest payable                                                                     84,400.00               88,933.33

     Dividend payable

     Other accounts payable                                                          531,925,052.78           14,190,407.16

     Divided into liability held for sale

     Non-current liabilities due within 1 year

     Other current liabilities

Total current liabilities                                                           1,811,685,212.31       1,009,842,791.33

Non-current liabilities:

     Long-term loans

     Bonds payable

        Including: preferred stock



                                                                                                                         17
                                                无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


                Perpetual capital securities

     Long-term account payable

     Long-term wages payable                                    125,622,495.91          101,240,000.00

     Special accounts payable

     Projected liabilities

     Deferred income                                            412,979,860.50          432,695,399.27

     Deferred income tax liabilities                             17,056,079.99           25,539,322.49

     Other non-current liabilities

Total non-current liabilities                                   555,658,436.40          559,474,721.76

Total liabilities                                             2,367,343,648.71        1,569,317,513.09

Owners’ equity:

     Share capita                                             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                                  96,651,120.01          144,722,827.51

     Reasonable reserve

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

     Retained profit                                          7,281,596,368.83        5,525,644,079.79

Total owner’s equity                                        12,345,707,341.23       10,637,826,759.69

Total liabilities and owner’s equity                        14,713,050,989.94       12,207,144,272.78


3. Consolidated Profit Statement (the period)

                                                                                                  In RMB

                                     Item                  Current Period           Last Period

I. Total operating income                                     1,832,997,683.30        1,522,896,852.89

Including: Operating income                                   1,832,997,683.30        1,522,896,852.89

     Interest income

     Insurance gained

     Commission charge and commission income

II. Total operating cost                                      1,676,428,752.48        1,441,957,624.68

Including: Operating cost                                     1,361,927,902.42        1,204,377,668.92



                                                                                                      18
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Interest expense

     Commission charge and commission expense

     Cash surrender value

     Net amount of expense of compensation

     Net amount of withdrawal of insurance contract reserve

     Bonus expense of guarantee slip

     Reinsurance expense

     Operating tax and extras                                                         15,034,754.03            7,552,608.70

     Sales expenses                                                                   47,008,081.61           40,328,425.30

     Administration expenses                                                         237,268,016.75          175,813,718.30

     Financial expenses                                                                3,837,009.05             -893,521.51

     Losses of devaluation of asset                                                   11,352,988.62           14,778,724.97

     Add: Changing income of fair value(Loss is listed with “-”)

     Investment income (Loss is listed with “-”)                                   424,259,662.16          313,808,978.06

     Including: Investment income on affiliated company and joint
                                                                                     376,259,036.41          245,845,647.59
venture

     Exchange income (Loss is listed with “-”)

     Other income                                                                      6,821,209.19

III. Operating profit     (Loss is listed with “-”)                                587,649,802.17          394,748,206.27

     Add: Non-operating income                                                         6,192,365.09           10,629,017.31

           Including: Disposal gains of non-current asset                                922,986.12             290,303.78

     Less: Non-operating expense                                                       2,710,733.23            2,251,691.01

           Including: Disposal loss of non-current asset                               2,307,625.76             725,836.85

IV. Total Profit     (Loss is listed with “-”)                                     591,131,434.03          403,125,532.57

     Less: Income tax expense                                                         46,584,408.67           23,363,351.40

V. Net profit (Net loss is listed with “-”)                                        544,547,025.36          379,762,181.17

    Net profit attributable to owner’s of parent company                            527,771,783.49          366,126,109.76

  Minority shareholders’ gains and losses                                            16,775,241.87           13,636,071.41

VI. Net after-tax of other comprehensive income                                       -8,274,495.00           -9,906,410.00

  Net after-tax of other comprehensive income attributable to owners of
                                                                                      -8,274,495.00           -9,906,410.00
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



                                                                                                                         19
                                                                    无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


  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
                                                                                      -8,274,495.00               -9,906,410.00
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
                                                                                      -8,274,495.00               -9,906,410.00
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                                                     536,272,530.36              369,855,771.17

  Total comprehensive income attributable to owners of parent Company               519,497,288.49              356,219,699.76

  Total comprehensive income attributable to minority shareholders                   16,775,241.87               13,636,071.41

VIII. Earnings per share:

  (i) Basic earnings per share                                                                  0.53                       0.36

  (ii) Diluted earnings per share                                                               0.53                       0.36
As for the enterprise combined under the same control, net profit achieved by combined party before merger counted as Yuan, while
achieved Yuan by combined party last period
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 (the period)

                                                                                                                          In RMB

                                      Item                                     Current Period               Last Period

I. Operating income                                                                 712,342,649.17              474,079,480.63

     Less: Operating cost                                                           613,286,795.67              413,715,796.32

          Operating tax and extras                                                     6,066,825.07                2,655,313.84

          Sales expenses                                                               8,369,245.05                8,603,583.95

          Administration expenses                                                    86,107,338.35               68,735,038.35


                                                                                                                              20
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


           Financial expenses                                                          1,185,230.22            1,222,659.04

           Losses of devaluation of asset                                             -2,272,399.92             -957,854.77

     Add: Changing income of fair value(Loss is listed with “-”)

          Investment income (Loss is listed with “-”)                              421,416,072.18          319,576,980.34

          Including: Investment income on affiliated company and joint
                                                                                     347,381,158.90          226,291,093.71
venture

          Other income                                                                 6,100,208.89

II. Operating profit     (Loss is listed with “-”)                                 427,115,895.80          299,681,924.24

  Add: Non-operating income                                                            1,419,290.62            9,206,021.83

           Including: Disposal gains of non-current asset                                229,518.62             252,592.63

     Less: Non-operating expense                                                         939,056.46             953,656.79

           Including: Disposal loss of non-current asset                                 939,053.46             401,351.45

III. Total Profit    (Loss is listed with “-”)                                     427,596,129.96          307,934,289.28

     Less: Income tax expense                                                          6,904,928.63            6,062,366.15

IV. Net profit (Net loss is listed with “-”)                                       420,691,201.33          301,871,923.13

V. Net after-tax of other comprehensive income                                        -8,274,495.00           -9,906,410.00

  (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
                                                                                      -8,274,495.00           -9,906,410.00
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
                                                                                      -8,274,495.00           -9,906,410.00
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




                                                                                                                         21
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


VI. Total comprehensive income                                                       412,416,706.33          291,965,513.13

VII. Earnings per share:

  (i) Basic earnings per share

  (ii) Diluted earnings per share


5. Consolidated Profit Statement (form the year-begin to the period-end)

                                                                                                                       In RMB

                                      Item                                      Current Period           Last Period

I. Total operating income                                                          6,561,123,282.32        4,889,373,305.38

Including: Operating income                                                        6,561,123,282.32        4,889,373,305.38

     Interest income

     Insurance gained

     Commission charge and commission income

II. Total operating cost                                                           5,912,101,548.97        4,493,734,811.55

Including: Operating cost                                                          5,098,218,841.28        3,837,659,652.17

     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

     tax and extras                                                                   52,897,036.51           23,787,955.26

     Sales expenses                                                                  118,567,344.27          133,127,794.55

     Administration expenses                                                         636,836,751.48          490,410,253.22

     Financial expenses                                                                5,525,060.37           -3,803,012.94

     Losses of devaluation of asset                                                       56,515.06           12,552,169.29

     Add: Changing income of fair value(Loss is listed with “-”)

     Investment income (Loss is listed with “-”)                                 1,379,697,577.52        1,025,761,541.23

     Including: Investment income on affiliated company and joint
                                                                                   1,209,824,557.05          838,948,109.61
venture

     Exchange income (Loss is listed with “-”)

     Other income                                                                     22,429,216.47

III. Operating profit   (Loss is listed with “-”)                                2,051,148,527.34        1,421,400,035.06



                                                                                                                           22
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Add: Non-operating income                                                         9,212,138.42           29,376,400.04

           Including: Disposal gains of non-current asset                              1,158,179.97            1,015,076.57

     Less: Non-operating expense                                                       6,835,932.34            4,587,513.03

           Including: Disposal loss of non-current asset                               3,843,639.93            2,187,168.06

IV. Total Profit     (Loss is listed with “-”)                                   2,053,524,733.42        1,446,188,922.07

     Less: Income tax expense                                                        140,610,342.03           91,677,778.58

V. Net profit (Net loss is listed with “-”)                                      1,912,914,391.39        1,354,511,143.49

    Net profit attributable to owner’s of parent company                          1,853,693,813.05        1,309,694,645.48

  Minority shareholders’ gains and losses                                            59,220,578.34           44,816,498.01

VI. Net after-tax of other comprehensive income                                      -48,071,707.50          -66,113,998.74

  Net after-tax of other comprehensive income attributable to owners of
                                                                                     -48,071,707.50          -66,113,998.74
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

     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
                                                                                     -48,071,707.50          -66,113,998.74
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
                                                                                     -48,071,707.50          -66,113,998.74
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                                                    1,864,842,683.89        1,288,397,144.75

  Total comprehensive income attributable to owners of parent Company              1,805,622,105.55        1,243,580,646.74

  Total comprehensive income attributable to minority shareholders                    59,220,578.34           44,816,498.01


                                                                                                                         23
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


VIII. Earnings per share:

    (i) Basic earnings per share                                                                 1.84                      1.30

    (ii) Diluted earnings per share                                                              1.84                      1.30
As for the enterprise combined under the same control, net profit achieved by combined party before merger counted as Yuan, while
achieved Yuan by combined party last period


6. Profit Statement of Parent Company (form the year-begin to the period-end)

                                                                                                                          In RMB

                                        Item                                    Current Period              Last Period

I. Operating income                                                                2,338,823,064.88           1,458,149,449.43

     Less: Operating cost                                                          1,881,909,457.25           1,222,059,868.86

           Operating tax and extras                                                   20,893,583.83                6,544,108.26

           Sales expenses                                                             22,160,338.44              28,842,600.88

           Administration expenses                                                   270,265,074.80             195,062,421.69

           Financial expenses                                                            838,252.35               -4,944,536.93

           Losses of devaluation of asset                                              -2,224,005.22                -886,916.97

     Add: Changing income of fair value(Loss is listed with “-”)

          Investment income (Loss is listed with “-”)                            2,252,183,094.93             974,372,189.56

          Including: Investment income on affiliated company and joint
                                                                                    1,114,690,924.54            763,408,174.38
venture

          Other income                                                                20,015,538.77

II. Operating profit     (Loss is listed with “-”)                               2,417,178,997.13             985,844,093.20

  Add: Non-operating income                                                             1,709,194.68             23,827,626.61

        Including: Disposal gains of non-current asset                                   275,163.03                 714,408.73

     Less: Non-operating expense                                                        3,216,523.26               1,762,101.81

           Including: Disposal loss of non-current asset                                2,187,597.79                993,332.06

III. Total Profit    (Loss is listed with “-”)                                   2,415,671,668.55           1,007,909,618.00

     Less: Income tax expense                                                         54,349,037.51              26,820,648.10

IV. Net profit (Net loss is listed with “-”)                                     2,361,322,631.04             981,088,969.90

V. Net after-tax of other comprehensive income                                        -48,071,707.50             -66,113,998.74

    (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


                                                                                                                              24
                                                                     无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


subsequently to profit and loss

   (II) Other comprehensive income items which will be reclassified
                                                                                      -48,071,707.50         -66,113,998.74
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
                                                                                      -48,071,707.50         -66,113,998.74
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

VI. Total comprehensive income                                                     2,313,250,923.54          914,974,971.16

VII. Earnings per share:

   (i) Basic earnings per share

   (ii) Diluted earnings per share


7. Consolidated Cash Flow Statement (form the year-begin to the period-end)

                                                                                                                        In RMB

                                      Item                                         Current Period         Last Period

I. Cash flows arising from operating activities:

     Cash received from selling commodities and providing labor services             5,415,498,593.27      4,075,857,122.17

     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




                                                                                                                            25
                                                                    无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Write-back of tax received                                                        33,394,041.93         27,180,302.24

     Other cash received concerning operating activities                               27,368,269.33         19,487,047.28

Subtotal of cash inflow arising from operating activities                           5,476,260,904.53      4,122,524,471.69

     Cash paid for purchasing commodities and receiving labor service               3,359,808,178.28      2,598,412,659.75

     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                                               882,444,354.25        712,855,117.51

     Taxes paid                                                                       486,146,192.25        323,616,906.66

     Other cash paid concerning operating activities                                  292,199,484.05        238,577,470.62

Subtotal of cash outflow arising from operating activities                          5,020,598,208.83      3,873,462,154.54

Net cash flows arising from operating activities                                      455,662,695.70        249,062,317.15

II. Cash flows arising from investing activities:

     Cash received from recovering investment                                       5,399,636,226.27      5,910,661,906.70

     Cash received from investment income                                           1,004,170,730.84      1,148,454,597.68

     Net cash received from disposal of fixed, intangible and other long-term
                                                                                       55,482,015.56         63,817,144.02
assets

     Net cash received from disposal of subsidiaries and other units

     Other cash received concerning investing activities                                                     30,296,467.00

Subtotal of cash inflow from investing activities                                   6,459,288,972.67      7,153,230,115.40

     Cash paid for purchasing fixed, intangible and other long-term assets            318,317,189.06        281,959,826.10

     Cash paid for investment                                                       8,581,292,764.21      8,453,810,985.03

     Net increase of mortgaged loans

     Net cash received from subsidiaries and other units obtained

     Other cash paid concerning investing activities                                                             57,116.41

Subtotal of cash outflow from investing activities                                  8,899,609,953.27      8,735,827,927.54

Net cash flows arising from investing activities                                   -2,440,320,980.60     -1,582,597,812.14

III. Cash flows arising from financing activities

     Cash received from absorbing investment                                            9,520,000.00         12,800,000.00

     Including: Cash received from absorbing minority shareholders’
                                                                                        9,520,000.00         12,800,000.00
investment by subsidiaries

     Cash received from loans                                                         235,000,000.00        254,187,030.29

     Cash received from issuing bonds


                                                                                                                        26
                                                                    无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


     Other cash received concerning financing activities

Subtotal of cash inflow from financing activities                                     244,520,000.00        266,987,030.29

     Cash paid for settling debts                                                     152,500,000.00        457,000,000.00

     Cash paid for dividend and profit distributing or interest paying                652,875,764.59        481,006,730.85

     Including: Dividend and profit of minority shareholder paid by
                                                                                       39,650,290.00         24,803,800.00
subsidiaries

     Other cash paid concerning financing activities                                    1,388,802.28            339,091.00

Subtotal of cash outflow from financing activities                                    806,764,566.87        938,345,821.85

Net cash flows arising from financing activities                                     -562,244,566.87       -671,358,791.56

IV. Influence on cash and cash equivalents due to fluctuation in exchange rate         -6,474,769.99

V. Net increase of cash and cash equivalents                                       -2,553,377,621.76     -2,004,894,286.55

     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                         1,241,846,056.35      1,035,420,912.30


8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)

                                                                                                                       In RMB

                                     Item                                        Current Period          Last Period

I. Cash flows arising from operating activities:

     Cash received from selling commodities and providing labor services            1,825,933,447.86      1,165,621,926.61

     Write-back of tax received

     Other cash received concerning operating activities                             528,137,019.77       1,145,466,206.68

Subtotal of cash inflow arising from operating activities                           2,354,070,467.63      2,311,088,133.29

     Cash paid for purchasing commodities and receiving labor service                965,168,241.07         609,336,635.01

     Cash paid to/for staff and workers                                              398,847,473.24         290,989,747.70

     Taxes paid                                                                      192,013,974.30          96,209,325.93

     Other cash paid concerning operating activities                                 200,144,016.79          64,011,248.17

Subtotal of cash outflow arising from operating activities                          1,756,173,705.40      1,060,546,956.81

Net cash flows arising from operating activities                                     597,896,762.23       1,250,541,176.48

II. Cash flows arising from investing activities:

     Cash received from recovering investment                                       5,144,601,492.00      5,639,000,000.00

     Cash received from investment income                                           1,965,339,364.77      1,110,427,341.08

     Net cash received from disposal of fixed, intangible and other long-term
                                                                                      52,380,871.19          62,137,135.26
assets

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




                                                                                                                           27
                                                                      无锡威孚高科技集团股份有限公司 2017 年第三季度报告全文


       Other cash received concerning investing activities                                                       25,301,600.00

Subtotal of cash inflow from investing activities                                          7,164,732,230.53   6,836,866,076.34

       Cash paid for purchasing fixed, intangible and other long-term assets                125,206,789.75      162,090,979.43

       Cash paid for investment                                                            8,266,409,258.63   8,314,900,000.00

       Net cash received from subsidiaries and other units

       Other cash paid concerning investing activities                                                               57,116.41

Subtotal of cash outflow from investing activities                                         8,391,616,048.38   8,477,048,095.84

Net cash flows arising from investing activities                                        -1,226,883,817.85     -1,640,182,019.50

III. Cash flows arising from financing activities

       Cash received from absorbing investment

       Cash received from loans                                                              80,000,000.00      180,000,000.00

       Cash received from issuing bonds

       Other cash received concerning financing activities

Subtotal of cash inflow from financing activities                                            80,000,000.00      180,000,000.00

       Cash paid for settling debts                                                          80,000,000.00      330,000,000.00

       Cash paid for dividend and profit distributing or interest paying                    607,870,230.87      453,545,994.41

       Other cash paid concerning financing activities

Subtotal of cash outflow from financing activities                                          687,870,230.87      783,545,994.41

Net cash flows arising from financing activities                                           -607,870,230.87     -603,545,994.41

IV. Influence on cash and cash equivalents due to fluctuation in exchange
                                                                                              -6,474,769.99
rate

V. Net increase of cash and cash equivalents                                            -1,243,332,056.48      -993,186,837.43

       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                                 900,045,003.51      741,344,590.23


II. Audit report

Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.


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


                                                                               Chairman:
                                                                                      Chen Xuejun
                                                                                  26 October 2017

                                                                                                                             28