Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023
Stock Code: 000581 200581 Public Notice No: 2024-009
Short Form of the Stock: WFHT Su Weifu-B
Weifu High-Technology Group Co. Ltd.Summary of Annual Report 2023
I. Important Notice
The summary is abstract from full-text of annual report for more details of operating results financial condition and future
development plan of the Company investors should read the full-text of annual report that published on media appointed by CSRC.All directors attended the Meeting of the Board for Annual Report 2022 deliberation.Prompt of non-standard audit opinion
□ Applicable □Not applicable
Gongzheng Tianye Certified Public Accountants (SGP) issued the audit report for the Company with an unqualified opinion with
highlighted paragraphs the Board of Directors and the Board of Supervisors of the Company have explained the relevant matters in
detail please read carefully.Profit distribution plan of common stock or public reserve transfer into share capital deliberated by the Board in the reporting period
□Applicable □Not applicable
Transfer of public reserve into share capital
□Yes □No
The profit distribution plan that was deliberated and approved by the Board Meeting is: Based on total share capital of 977162793
distributed 10.00 yuan (tax included) bonus in cash for every 10-share held by all shareholders 0 share bonus issued (tax included)
and no transfer of capital reserve into share capital. When the profit distribution plan is implemented if there is a change in the total
amount of shares entitled to profit distribution the total amount of shares entitled to profit distribution on the equity registration date
at the time of implementation of the distribution plan shall be adjusted based on the principle of unchanged distribution proportion.Profit distribution plan of preferred stock deliberated and approved by the Board in the reporting period.□ Applicable □ Not applicable
II. Company information
1. Company Profile
Short form of the stock WFHT Su Weifu-B Stock code 000581 200581
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Liu Jinjun Xu Kan
Office add. No.5 Huashan Road Xinwu District Wuxi No.5 Huashan Road Xinwu District Wuxi
Fax. 0510-80505199 0510-80505199
Tel. 0510-80505999 0510-80505999
E-mail Web@weifu.com.cn Web@weifu.com.cn
1Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023
2. Main business or products introduction in the reporting period
(I) Main business engaged by the Company
The main business of the company is the research and development production and sales of core automotive parts
and currently has four business segments including energy conservation and emission reduction green hydrogen
energy intelligent electric industrial and other. During the reporting period the main products sold were diesel
fuel injection system exhaust after-treatment system air intake system core parts of fuel cells core parts of
electric drive systems core parts of thermal management systems cabin core parts core parts of brake systems
etc.
1. Diesel fuel injection system including high pressure oil pump high pressure oil rail injector filter and other
products widely used in diesel engines of all levels of power supporting various trucks buses construction
machinery marine agricultural machinery generator sets and can meet the national standard VI off-road stage
IV emission regulations leading in the product variety production scale market share. While doing a good job in
supporting domestic engines some products are exported to the Americas Southeast Asia the Middle East and
other regions.
2. Exhaust after-treatment system including diesel purifier gasoline purifier natural gas purifier muffler catalyst
and other products can meet the national VI standard off-road stage IV emission regulations with leading
technical level market scale and production capacity in China widely used in traditional power & plug-in hybrid
passenger vehicles commercial vehicles off-road machinery and other fields and can provide strong support for
product upgrading and renewal of OEMs.
3. Air intake system including diesel supercharger gasoline supercharger natural gas supercharger and other
products can meet the national VI off-road stage IV emission regulations with the scope of application covering
commercial vehicles traditional power & plug-in hybrid passenger vehicles construction machinery agricultural
machinery generator sets and other fields and can support the major domestic OEMs and automobile
manufacturers .
4. Core parts of fuel cells including membrane electrode bipolar plate (graphite metal) catalyst and BOP critical
parts (such as valves pumps air compressor critical parts) and other products mainly support domestic and
foreign hydrogen fuel cell stack and system manufacturers and energy storage enterprises.
5. Core parts of electric drive systems including motor shaft end cover water jacket and other products mainly
support domestic and foreign new energy passenger car enterprises or electric drive system manufacturers.
6. Core parts of thermal management systems including electronic oil pump electronic water pump thermostat
and other products mainly support domestic and foreign new energy passenger vehicles commercial vehicle
enterprises.
7. Cabin core parts including car seat assembly seat skeleton electric long slide shock absorber and other
products mainly support domestic mainstream commercial vehicles passenger car enterprises.
8. Core parts of brake systems including mechanical vacuum pump and other products mainly support domestic
and foreign mainstream passenger car enterprises.(II) Business model of the CompanyThe Company follows the business philosophy of “Making Fine Products Creating Famous Brands and
2Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023Achieving Common Growth in Values” and implements the business model of unified management by the parent
company and decentralized production by the subsidiaries. The parent company is responsible for formulating
strategic development plans and business objectives and providing unified management guidance and assessment
to the subsidiaries in terms of finance major personnel management core raw materials quality control
technology development etc. Subsidiaries arrange production based on the order management model of the
market which not only enables the subsidiaries to maintain uniform product quality but also facilitates timely
understanding of customer demands and saving logistics costs so as to improve the economic efficiency of the
Company by maintaining the timeliness of product production and supply.
3. Main accounting data and financial indexes
(1) Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes □ No
In RMB
Changes at end of the
current year compared
Year-end of 2023 Year-end of 2022 Year-end of 2021
with the end of
previous year (+-)
Total assets 28081087791.81 28528913065.01 -1.57% 27970858427.84
Net assets attributable to
19399892671.7817696679170.729.62%19398607689.65
shareholders of listed company
Changes in the current
2023 2022 year over the previous 2021
year (+-)
Operating income 11093141950.98 12729634917.03 -12.86% 13682426710.95
Net profit attributable to
1837291259.68118819836.301446.28%2575371419.80
shareholders of the listed company
Net profit attributable to
shareholders of the listed company
1597321239.86119966549.621231.47%2544559926.75
after deducting non-recurring gains
and losses
Net cash flows arising from
1626249911.90-2575742649.43163.14%627712593.41
operating activities
Basic earnings per share
1.880.091988.89%2.57
(RMB/Share)
Diluted earnings per share
1.880.091988.89%2.57
(RMB/Share)
Weighted average ROE 9.92% 0.64% 9.28% 13.67%
(2) Quarterly main financial index
In RMB
Q 1 Q 2 Q 3 Q 4
Operating income 3144363323.69 2985285723.71 2212553381.53 2750939522.05
Net profit attributable to
414774676.43533986183.12373315787.47515214612.66
shareholders of the listed company
Net profit attributable to 355542161.23 475336090.14 365662980.94 400780007.55
3Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023
shareholders of the listed company
after deducting non-recurring gains
and losses
Net cash flows arising from
545452710.09544508527.3341786089.96494502584.52
operating activities
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial
index disclosed in the company’s quarterly report and semi-annual report
□Yes □No
4. Shares and shareholders
(1) Particulars about common stock shareholders preference shareholders with voting rights recovered
and top ten shareholders
In Share
Total preference
Total common stock Total preference
Total common shareholders with
shareholders at end shareholders with
stock shareholders voting rights recovered
65078 of last month before 64523 voting rights 0 0
in the reporting at the end of last
annual report recovered at the end
period-end month before annual
disclosed of reporting period
report disclosed
Top ten shareholders
Information of shares
Proportion Number of
Nature of Amount of shares pledged tagged or frozen
Name of Shareholders of shares lock-up stocks
Shareholders held State of
held held Amount
share
Wuxi Industry Development
State-owned corporate 20.36% 204059398
Group Co. Ltd.ROBERT BOSCH GMBH Foreign corporate 14.25% 142841400
Hong Kong Securities
Foreign corporate 1.77% 17702321
Clearing Company
NSSF-413 Other 1.02% 10230000
Basic Pension Insurance
Other 0.76% 7641693
Fund- 1003
FIDELITY INVMT TRT
FIDELITY INTL SMALL Foreign corporate 0.72% 7210386
CAP FUND
BBH BOS S/A FIDELITY FD
Foreign corporate 0.70% 7053913
- CHINA FOCUS FD
Guolian An Fund - China
Pacific Life Insurance Co.Ltd. - Dividend Insurance -
Guolian An Fund - China Other 0.69% 6887979
Pacific Life Stock Relative
Yield (Dividend) Single Asset
Management Plan
Tianan Life Insurance Co.Other 0.52% 5257824
Ltd. - Traditional Products
Domestic natural
Xie Zuogang 0.51% 5132967
person
Among the aforesaid shareholders there has no associated relationship
between Wuxi Industry Development Croup Co. Ltd. and other
Explanation on associated relationship among the
shareholders the first largest shareholder of the Company; and they do not
aforesaid shareholders
belong to the persons acting in concert regulated by the Management
Measure of Information Disclosure on Change of Shareholding for Listed
4Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023
Company.Explanation on shareholders involving margin Nil
business (if applicable)
The top 10 shareholders participating in the lending of shares through refinancing business
□Applicable □ Not applicable
Changes in top 10 shareholders compared to last period
□Applicable □ Not applicable
Changes in top 10 shareholders compared to last period
The number of shares held in the ordinary
At the end of the period
account and credit account of shareholders
New/Exitin the number of shares lent at the end of the period as well as the
g through refinancing and shares lent through refinancing and not yet
Full name of shareholders shareholder not yet repaid repaid
in current
period Total Ratio in total Ratio in total
quanti Total quantity
shares shares
ty
Guolian An Fund - China Pacific Life
Insurance Co. Ltd. - Dividend
Insurance - Guolian An Fund - China New
00.00%00.00%
Pacific Life Stock Relative Yield shareholder
(Dividend) Single Asset Management
Plan
Tianan Life Insurance Co. Ltd. - New
00.00%00.00%
Traditional Products shareholder
Shanghai Chongyang Strategic
Exiting
Investment Co. Ltd. - Chongyang 0 0.00% 0 0.00%
shareholder
Strategic Yingzhi Fund
Exiting
Fei Guohua 0 0.00% 0 0.00%
shareholder
(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable □ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
5Weifu High-Technology Group Co. Ltd. Summary of Annual Report 2023
(3) Property right and controlling relationships between the actual controllers of the Company and the
Company is as follows
Wuxi State-owned Assets Supervision & Department of Finance of
Administration Commission of State Jiangsu province
Council
100%
Wuxi Guofa Capital Operation 59.62% 4.41%
Co. Ltd.
35.97%
Wuxi Industry Development Group Co. Ltd.
20.36%
Weifu High-Technology Group Co. Ltd..
5. Bonds in existence as of the approval date of the annual report
□ Applicable □ Not applicable
III. Important matters
During the reporting period there was no significant change in the Company's operation. See the full text of the Company's 2023
Annual Report for details during the reporting period.Board of Directors of
Weifu High-Technology Group Co. Ltd.
16 April 2024
6
