苏威孚B：2021年第一季度报告正文（英文版）

Stock Code: 000581 200581 Notice No.: 2021-019

Short Form of the Stock: Weifu High-Tech Su Weifu-B

Weifu High-Technology Group Co. Ltd.Text of First Quarterly Report 2021

Section I. Important Notes

Board of Directors and the Supervisory Committee of Weifu High-Technology

Group Co. Ltd. (hereinafter referred to as the Company) and its directors

supervisors and senior executives should guarantee the reality accuracy and

completion of the quarterly report there are no any fictitious statements

misleading statements or important omissions carried in this report and shall

take legal responsibilities individual and/or joint.

All Directors are attended the Board Meeting for Quarterly Report deliberation

Wang Xiaodong Principal of the Company; Ou Jianbin Person in Charge of

Accounting Works and Person in Charge of Accounting Organ (Accounting

Supervisor) hereby confirm that the Financial Report of the First Quarterly

Report is authentic accurate and complete.Section II. Company Profile

I. Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data

□Yes √ No

Current Period Same period of last year

Changes of this period over

same period of last year

Operating income (RMB) 4700158675.54 2772108717.43 69.55%

Net profit attributable to shareholders of

the listed company (RMB)

861572997.00 549996717.72 56.65%

Net profit attributable to shareholders of

the listed company after deducting

non-recurring gains and losses (RMB)

932554535.06 495225376.36 88.31%

Net cash flow arising from operating

activities (RMB)

-229541250.49 319204809.86 -171.91%

Basic earnings per share (RMB/Share) 0.87 0.55 58.18%

Diluted earnings per share (RMB/Share) 0.87 0.55 58.18%

Weighted average ROE 4.61% 3.18% 1.43%

End of this period End of last period

Changes of this period-end

over same period-end of last

year

Total assets (RMB) 28619573993.66 27350695388.21 4.64%

Net assets attributable to shareholder of

listed company (RMB)

19143233995.51 18282017990.66 4.71%

Items of non-recurring gains and losses

√ Applicable □ Not applicable

In RMB

Item

Amount from year-begin

to period-end

Note

Gains/losses from the disposal of non-current asset (including the write-off that

accrued for impairment of assets)

1676181.25

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 enterprise’s business)

10247700.49

Gains/losses of fair value changes from holding the transaction financial asset

derivative financial assets transaction financial liability and derivative financial

-94934860.22

liability and investment earnings obtained from disposing the transaction financial

asset derivative financial assets transaction financial liability derivative financial

liability and other debt investment except for the effective hedging business related

to normal operation of the Company

Other non-operating income and expenditure except for the aforementioned items -2546.17

Less: impact on income tax -12454718.08

Impact on minority shareholders’ equity (post-tax) 422731.49

Total -70981538.06 --

Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies

Offering Their Securities to the Public --- Extraordinary Profit/loss and the items defined as recurring profit (gain)/loss according to

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

Securities to the Public --- Extraordinary Profit/loss explain reasons

□ Applicable √ Not applicable

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

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

the Public --- Extraordinary Profit/loss

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

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

In Share

Total common shareholders at the end

of report period

63444

Total preferred stockholders with voting rights

recover at the end of report period (if applicable)

Top ten shareholders

Shareholder’s name

Nature of

shareholder

Proportion

of shares

held

Amount of

shares held

Amount of restricted

shares held

Number of share

pledged/frozen

State of

Amount

Wuxi Industry Development Group Co.Ltd.State-owned

corporate

20.22% 204059398

ROBERT BOSCH GMBH

Foreign

corporate

14.16% 142841400

Hong Kong Securities Clearing

Company

Foreign

corporate

6.36% 64216612

BBH BOS S/A FIDELITY FD - CHINA

FOCUS FD

Foreign

corporate

1.60% 16093515

Central Huijin Assets Management Co.

Ltd.State-owned

corporate

1.27% 12811200

Basic Pension Insurance Fund- 1003 Other 1.09% 10968106

Huatai Financial Holdings (Hong Kong)

Limited－Client fund

Foreign

corporate

0.79% 7999998

FIDELITY INVMT TRT FIDELITY

INTL SMALL CAP FUND

Foreign

corporate

0.73% 7339586

Monetary Authority of Macao - own

fund

Foreign

corporate

0.55% 5521441

Haitong Securities Co. Ltd.State-owned

corporate

0.50% 5001101

Top ten shareholders with unrestricted shares held

Shareholder’s name

Amount of

unrestricted shares

held

Type of shares

Type Amount

Wuxi Industry Development Group Co. Ltd. 204059398 RMB common shares 204059398

ROBERT BOSCH GMBH 142841400

RMB common shares 115260600

Domestically listed

foreign shares

27580800

Hong Kong Securities Clearing Company 64216612 RMB common shares 64216612

BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 16093515

Domestically listed

foreign shares

16093515

Central Huijin Assets Management Co. Ltd. 12811200 RMB common shares 12811200

Basic Pension Insurance Fund- 1003 10968106 RMB common shares 10968106

Huatai Financial Holdings (Hong Kong) Limited－Client fund 7999998 RMB common shares 7999998

FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND 7339586

Domestically listed

foreign shares

7339586

Monetary Authority of Macao - own fund 5521441 RMB common shares 5521441

Haitong Securities Co. Ltd. 5001101 RMB common shares 5001101

Note of related relationship among the above shareholders and

concerted actors

Among the top ten shareholders the Company knew there has

no associated relationship between Wuxi Industry Development

Croup Co. Ltd. the first largest shareholder of the Company

and other shareholders; and they do not belong to the consistent

actionist regulated by the Management Measure of Information

Disclosure on Change of Shareholding for Listed Company.

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

dealing in reporting period

□ Yes √ No

The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back

agreement dealing in reporting period.2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with

preferred stock held

□ Applicable √ Not applicable

Section III. Significant Events

I. Changes in the main financial data and financial indicators during the reporting period and

the reasons

√ Applicable □ Not applicable

(i) Changes and reasons of items in balance sheet：

1. Accounts receivable in the period-end increased 1377.87 million yuan by comparing with end of last year with

48.78 percent up mainly due to the increase in sales revenue during the reporting period;

2. Advance payment in the period-end increased 52.69 million yuan by comparing with end of last year with

34.69 percent up mainly due to the increase in purchases during the reporting period;

3. Other receivables in the period-end decreased 18.02 million yuan by comparing with end of last year with 33.25

percent down mainly due to the recovery of dividends receivable during the reporting period;

4. Other non-current financial assets in the period-end decreased 540.44 million yuan by comparing with end of

last year with 29.93 percent down mainly due to the more than one year wealth management maturity during the

reporting period;

5. Deferred income tax assets in the period-end increased 78.39 million yuan by comparing with end of last year

with 39.51 percent up mainly due to the prepayment of corporate income tax for the investment income and the

gains and losses of fair value changes during the reporting period;

6. Short-term loan in the period-end increased 433.10 million yuan by comparing with end of last year with

143.30 percent up mainly due to the increase in bank borrowings during the reporting period;

7. Contract liabilities in the period-end decreased 39.17 million yuan by comparing with end of last year with

47.93 percent down mainly due to the settlement of advance payment during the reporting period;

8. Wages payable in the period-end decreased 160.09 million yuan by comparing with end of last year with 48.16

percent down mainly because paying the employee performance rewards in the reporting period;

9. Taxes payable in the period-end increased 166.03 million yuan by comparing with end of last year with 245.99

percent up mainly due to the increase in quarterly prepayment of corporate income tax during the reporting

period;

10. Non-current liabilities due within one year in the period-end decreased 12.32 million yuan by comparing with

end of last year with 33.36 percent down mainly because the loan repayment at maturity in the reporting period;

11. Other comprehensive income in the period-end decreased 18.89 million yuan mainly due to the conversion

difference of foreign currency statements;

(ii) Changes and reasons of items in profit and loss statement：

1. Operating income in the period increased 1928.05 million yuan from a year earlier with 69.55 percent up

mainly due to the rapid growth of the company’s three major system businesses;

2. Operating cost in the period increased 1604.61 million yuan from a year earlier with 71.30 percent up mainly

due to the rapid growth of the company’s three major system businesses;

3. R&D expenses in the period increased 44.2 million yuan from a year earlier with 59.15 percent up mainly

because investment in research and development increased during the reporting period;

4. Investment income in the period increased 191.74 million yuan from a year earlier with 52.87 percent up

mainly because the income from joint stock enterprise increased;

5. Gains from changes in fair value in the period decreased 86.54 million yuan from a year earlier mainly because

the fair value of other equity investment such as Guolian Securities etc. declined from a year earlier;

6. The total profit in the period increased 348.68 million yuan from a year earlier with 58.84 percent up mainly

because benefiting from the boom in the automotive industry especially the commercial vehicle market the

company's main products are booming in production and sales;

(iii) Changes and reasons of items in cash flow statement：

1. Net cash flow arising from operation activity in the period decreased 548.75 million yuan from a year earlier

mainly because the increase in sales revenue and the payment due date has not arrived;

2. Net cash flow arising from investment activity decreased 395.47 million yuan from a year earlier mainly

because the wealth management business has not expired and the cash inflow declined;

3. Net cash flow arising from financing activity increased 707.17 million yuan from a year earlier mainly due to

the payment in 2020 caused by the repurchase of A shares by means of centralized bidding and the bank

borrowings during the reporting period increased.II. Analysis and explanation of significant events and their influence and solutions

√ Applicable □ Not applicable

Parts of the joint-stock enterprise’s equity held by the Company freeze

1. On 6 March 2017 the Company received a legal documents mail from Shenzhen Intermediate people’s Court

in Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents

the plaintiff- China Cinda Asset Management Co. Ltd. Shenzhen Branch bring a suit against eight defendants (the

Company included) and the third party-Shenzhen Hejun Venture Holding Co. Ltd. (“Hejun Company” for short)

for damaged the interests of corporate creditors totally two cases for suits. Shenzhen Intermediate Court accepted

the case and issued the Civil Order of (2016) Yue 03 MC No.2490 and (2016) Yue 03 MC No. 2492 that is the

property under the name of eight defendants are being seal up detain or freeze-up totally amounted as 217

million Yuan. Ended as the reporting period the 4.71 million shares of Miracle and 11739102 shares of SDEC

held by the Company are being freeze-up. First trial are carried on 24 September 2017 and further 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. A Civil Ruling Paper is carried by Futian People's Court of Shenzhen (2017) Yue 0304 QS No.5 that is:

implemented compulsory liquidation on Hejun Company. The Company will fully engage with the Court for

relevant liquidation works completed guarantee legitimate interest of the Company.Overview Disclosure date Query index for interim notice

Parts of the joint-stock

enterprise’s equity held by

the Company freeze

March 8 2017 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn)

December 6 2017 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn)

Implementation progress of shares buy-back

□ Applicable √ Not applicable

Implementation progress of the reduction of repurchases shares by centralized bidding

□ Applicable √ Not applicable

III. Commitments non-performance over due in reporting period from committed parties as

actual controller shareholders related party acquirer and the Company

□Applicable √Not applicable

No the above mentioned commitment occurred in the period.IV. Securities Investment

√ Applicable □ Not applicable

In RMB

Variet

y of

securit

ies

Cod

e of

secu

rities

Shor

form

secu

rities

Initial

investment

cost

Accou

nting

measu

rement

model

Book value at the

beginning of the

period

Current

gain/loss of fair

value changes

Cumulat

ive fair

value

changes

in equity

Curr

ent

purc

hase

amo

unt

Curr

ent

sales

amo

unt

Prof

and

loss

the

Rep

orti

Peri

Book value at the

end of the period

Accountin

g subject

Capita

Source

Domes

tic and

foreig

stocks

6008

SDE

199208000.0

Measu

red by

fair

value

140395956.00 -7922436.00 132473520.00

Trading

financial

assets

Own

funds

Domes

tic and

foreig

stocks

0020

Mira

cle

Auto

mati

69331500.00

Measu

red by

fair

value

47712300.00 -3579600.00 44132700.00

Trading

financial

assets

Own

funds

Domes

tic and

6014

Guol

ian

12000000.00

Measu

red by

326848122.00 -83432824.22 243415297.78

Trading

financial

Own

funds

foreig

stocks

Secu

rities

fair

value

assets

Total

280539500.0

-- 514956378.00 -94934860.22 0.00 0.00 0.00 0.00 420021517.78 -- --

Disclosure date of

securities

investment

approval by the

Board

March 24 2012

June 4 2013

2. Derivative investment

□ Applicable √ Not applicable

No derivative investment in the Period.V. Progress of investment projects with raised funds

□ Applicable √ Not applicable

VI. Prediction of business performance from January – June 2021

Estimation on 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 on reason

□ Applicable √ Not applicable

VII. Major contracts for daily operations

□ Applicable √ Not applicable

VIII. Trust financing

√ Applicable □ Not applicable

In 10 thousand Yuan

Specific type Sources of funds Amount occurred Undue balance Overdue amount

Financing products Own funds 65300 65300 0

Financial products of securities firms Own funds 82000 82000 0

Trust financial products Own funds 289280 284580 0

Other type Own funds 67770 67770 0

Total 504350 499650 0

Details of the single major amount or high-risk trust investment with low security poor fluidity and non-guaranteed

√ Applicable □ Not applicable

In 10 thousand Yuan

Truste

institut

ion r

name

Trustee

type

Type

Amou

Sou

rce

fun

Start

date

End

date

Capita

invest

ment

purpos

Criteria

for fixing

reward

Referen

annual

rate of

return

Anticipat

income

(if

applicabl

Actual

gains/los

ses in

period

Actual

collected

gains/los

ses in

period

Amo

unt

reser

for

deva

luati

with

draw

ing

(if

appli

cabl

Whe

ther

appr

oved

legal

proc

edur

(Y/

Whe

ther

has

entru

finan

plan

the

futur

Summ

ary of

the

items

and

query

index

(if

applic

able)

Bank Bank

Non-gu

arantee

floatin

income

1300

ned

fun

March 2

2021

May

2021

Financ

ial

produc

Contractu

Performa

nce

Benchmar

3.55% 10.75 0

Collecte

accordin

g to the

contract

Y Y

Notice

No.:

Securit

ies

trader

Securit

ies

trader

Non-gu

arantee

floatin

income

18000

ned

fun

January

12 2021

Septem

ber 14

2021

Collec

tive

assets

manag

ement

plan

Contractu

Performa

nce

Benchmar

4.7%

-5%

544.96 265.16

Collecte

accordin

g to the

contract

Y Y

Trust Trust

Non-gu

arantee

floatin

income

33880

ned

fun

January

8 2021

January

2023

Collec

tion

trust

plan

Contractu

Performa

nce

Benchmar

5.8%

-7.4%

3190.71 2922.76

Collecte

accordin

g to the

contract

Y Y

Other Other

Non-gu

arantee

floatin

10000

ned

fun

February

8 2021

Februar

y 8

2023

Fund

produc

Contractu

Performa

nce

Benchmar

-7.5%

660 439.57

Collecte

accordin

g to the

Y Y

income k contract

Total 63180 -- -- -- -- -- -- 4406.42 3627.49 -- 0 -- -- --

Entrust financial expected to be unable to recover the principal or impairment might be occurred

□ Applicable √ Not applicable

IX. External security against the rules

□ Applicable √ Not applicable

The Company has no external security against the rules in the Period

X. 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.XI. Registration form for receiving research communication and interview in the report

period

√ Applicable □ Not applicable

Date

Reception

location

Method

Type of

investors

Object

Main content and

information provided

Index for the interview and research

1 Jan. 2021

to 31 Mar.

2021

Interactive

platform

（http://irm.p5w.net/dqhd/sichua

n/）

Written

inquiries

Other Other

Basic condition of the

Company and views

on market

The Company answered 55 questions for

investors online through the investor

relations interactive platform

(http://irm.p5w.net/dqhd/sichuan/)

1 Jan. 2021

to 31 Mar.

2021

Telephone

communicat

ion

Other Other

Basic condition of the

Company and views

on market

Communicate with investors by telephone

more than 50

Board of Director of

Weifu High-Technology Group Co. Ltd.

27 April 2021

行情