无锡威孚高科技集团股份有限公司2023年半年度报告摘要

Stock Code: 000581 200581 Public Notice No: 2023-042

Short Form of the Stock: WFHT Su Weifu-B

Weifu High-Technology Group Co. Ltd.Summary of Semi-Annual Report 2023

I. Important Notice

The summary is abstract from the full-text of Semi-Annual Report for more details of operating results financial condition and

future development plan of the Company; investors should found in the full-text of Semi-Annual Report that published on media

appointed by CSRC.All directors have attended the Meeting for the Report deliberation.Prompt of non-standard audit opinion

□Applicable □Not applicable

Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting

period

□Applicable □Not applicable

There is no plan of cash bonus dividend distribution and capitalizing of common reserves carried out by the Company

Profit distribution pre-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

Contact add. No.5 Huashan Road Xinwu District Wuxi No.5 Huashan Road Xinwu District Wuxi

Tel. 0510-80505999 0510-80505999

E-mail Web@weifu.com.cn Web@weifu.com.cn

2. Main financial data and indexes

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

□Yes □No

1无锡威孚高科技集团股份有限公司2023年半年度报告摘要

Year-on-year

Current period Last period

increase(+)/decrease(-)

Operation income (RMB) 6129649047.40 7137172857.97 -14.12%

Net profit attributable to shareholders of the

948760859.551091126480.08-13.05%

listed company(RMB)

Net profit attributable to shareholders of the

listed company after deducting extraordinary 830878251.37 1127408939.53 -26.30%

gains and losses(RMB)

Net cash flows arising from operating

1089961237.42-2493982044.89143.70%

activities (RMB)

Basic earnings per share (RMB/Share) 0.98 1.10 -10.91%

Diluted earnings per share (RMB/Share) 0.98 1.10 -10.91%

Weighted average ROE 5.24% 5.55% -0.31%

Ending balance of Ending balance of last Year-on-year

current period period increase(+)/decrease(-)

Total assets (RMB) 28352668665.53 28528913065.01 -0.62%

Net assets attributable to shareholders of

18544382977.5617696679170.724.79%

listed company (RMB)

3. Amount of shareholders of the Company and particulars about shares holding

Unit: share

Total common stock shareholders at Total preference shareholders with voting rights

710800

end of the reporting period recovered at end of reporting period (if applicable)

Top 10 shareholders

Information of

Proportion Amount of shares pledged

Nature of Amount of

Full name of Shareholders of shares restricted tagged or frozen

shareholder shares held

held shares held State of Amo

share unt

Wuxi Industry Development Group State-owned

20.35%2040593980

Co. Ltd. corporate

Robert Bosch Co. Ltd Foreign corporate 14.25% 142841400 0

Hong Kong Securities Clearing

Foreign corporate 2.37% 23810734 0

Company

BBH BOS S/A FIDELITY FD -

Foreign corporate 1.09% 10952719 0

CHINA FOCUS FD

NSSF - 413 Other 1.06% 10650000 0

Basic Pension Insurance Fund- 1003 Other 0.82% 8175559 0

Ping An Life Insurance Co. Ltd. of

China - Investment Link - Personal Other 0.69% 6899810 0

Insurance Investment Link

FIDELITY INVMT TRT FIDELITY

Foreign corporate 0.68% 6863386 0

INTL SMALL CAP FUND

Shanghai Chongyang Strategic

Investment Co. Ltd. - Chongyang Other 0.55% 5500106 0

Strategy Yingzhi Fund

Domestic natural

Xie Zuogang 0.51% 5132967 0

person

Among the aforesaid shareholders there has no associated

relationship between Wuxi Industry Development Croup Co.Explanation on associated relationship concerted action Ltd. the first largest shareholder of the Company and other

among the aforesaid shareholders shareholders; and they do not belong to the persons acting in

concert regulated by the Management Measure of Information

Disclosure on Change of Shareholding for Listed Company.Among the top 10 shareholders Shanghai Chongyang Strategic

Explanation on the shareholders involved in margin trading

Investment Co. Ltd. - Chongyang Strategic Yingzhi Fund holds

(if applicable)

5500106 shares through investor credit securities accounts;

2无锡威孚高科技集团股份有限公司2023年半年度报告摘要

4. Changes in controlling shareholders or actual controllers

Change of controlling shareholder during the reporting period

□Applicable□Not applicable

The Company had no change of controlling shareholder during the reporting period

Change of actual controller during the reporting period

□Applicable□Not applicable

The Company had no change of actual controller during the reporting period

5. Total preferred shareholders and top 10 shares held by preferred shareholders

The Company has no preferred shareholders

6. Bonds in existence as of the approval date of the semi-annual report

□Applicable □Not applicable

III. Important Matters

（1）The Company’s business conditions during the reporting period

Since the beginning of this year the Company has earnestly implemented the annual work objectives and plans

and actively grasped and responded to the opportunities and challenges of the industry. During the reporting

period operation revenue from the Company was 6.130 billion yuan down by 14.12% YOY; the net profit

attributable to shareholder of listed company amounted to 0.949 billion yuan down by 13.05% YOY.

（2）Main work carried out by the Company during the reporting period

1. Strengthened collaborative marketing management and accelerated the expansion of new industry markets.

Since the beginning of this year the Company has strengthened the collaborative marketing of existing business

and emerging business and accelerated the expansion of key customer markets at home and abroad. Existing

business: The market shares of post-processing system purifier products kept rising of which the year-on-year

sales increase of gasoline purifier has exceeded 20%; batch production of diesel purifier T4 has been achieved in

multiple key customer projects in non-road vehicle market. Batch production of gasoline supercharger has been

achieved or PPAP has been completed in some customer projects; a number of new customer projects have been

obtained for six cylinder diesel supercharger products and small batch supply of methanol supercharger to key

customers has been realized. The non-road vehicle market of distribution pump T4 was vigorously developed and

the installation in 51 major agricultural machinery customers have been completed. The generator and loader

markets were actively expanded; the overseas export market of products such as in-line pumps grew rapidly.Emerging business: The sales of electric drive parts maintained high growth among which sales of motor shaft

products rose by 2.6 times YOY; the first announced model of wheel hub motor was released and a number of

new model customer projects were carried out simultaneously; the construction of domestic production line

debugging or trial production of a number of hydrogen fuel cell products such as membrane electrode metal

3无锡威孚高科技集团股份有限公司2023年半年度报告摘要

bipolar plate alloy catalyst electronic water pump thermostat hydrogen circulation pump and exhaust vent valve

have been completed and domestic and foreign customer projects are successfully expanded. The OTS

engineering recognition documents for electronic oil pump products have been submitted to the head customers

and the products have been designated for a number of customer projects. The tripartite strategic cooperation has

been reached with KargoBot and Arbe for 4D imaging radar products and the first round of sample delivery and

road testing have been completed; strategic cooperation has been reached with Shanxi Anshu Intelligent

Technology to jointly promote the research and development and commercial application in the smart mine

industry; testing and verification are actively carried out with a number of OEMs customers.

2. Strengthened technology R&D and accelerated the development of new products. Existing business:

Successfully carried out the product reliability test of electronic fuel injection system 2200bar platform;

Completed the sample functional verification and batch production manufacturing planning of dual-fuel direct

injection product; Smoothly proceeded the development of low-carbon alternative fuel injection system.Completed the development and mass production of post-processing system platforms for light diesel vehicles

heavy diesel vehicles and non-road mobile machinery; Completed the development of post-processing systems for

several plug-in hybrid vehicle models; Carried out the technical pre-research on products that meet national VII

emission standard and alternative fuel post-processing products. The development of diesel and natural gas

supercharger projects that meet national VI emission standard was stably in progress. Completed the small batch

verification of several key customer projects; Completed the development and small batch supply of gasoline

supercharger in the hybrid models of head new energy vehicle customers which was in the ramp stage of mass

production; Actively promoted the use of 48V electric supercharger in customer pre-research projects. Emerging

business: Completed the production consistency verification of the pile core materials such as platinum-carbon

catalyst and alloy catalyst production lines as well as the commissioning and trial production of 1.1 million

pieces/year membrane electrode domestic production line; Achieved stable production of hydrogen ejector

hydrogen isolation valve and hydrogen safety valve; Completed production preparation for hydrogen exhaust

valve electronic water pump and proportional three-way valve for batch production; Completed partial reliability

tests for key BOP components such as 35/70 Mpa pressure relief valve and bottle valve hydrogen circulating

pump and air bearing. Achieved the demonstration operation for electrolytic water hydrogen production system

and launched the development of platform product. Completed sample review and trial production of scatter radar

and in-cabin radar C; Continuously promoted the customer project development and industrialization capacity

building for 4D imaging radar products.

3. Improved the operation quality of the strategic system and promoted the investment layout of new business.

Completed the review and evaluation of business strategic planning and strengthened the thermal management

business and VH business capability planning completed the strategic resource audit of hydraulic business

launched and promoted the strategic thematic studies on catalysts coating technology and chassis; Acquired the

land of hydrogen energy industrial park and completed the preliminary design scheme and land application.Implemented the construction and investment of three global bases for hydrogen energy business completed

R&D and capacity expansion investment to graphite bipolar plate in IRD Europe and North America base and the

metal bipolar plate in Borit Europe base and accelerated the localization capacity building of Asia-Pacific base

4无锡威孚高科技集团股份有限公司2023年半年度报告摘要

WFQL joint venture; Finished the integration and collaboration after VH business acquisition; Carried out the

research and exchanges on millimeter-wave radar enterprises actively explored innovative cooperation models

and deepened cooperation in wheel hub motor business. Jointly carried out market research with strategic partners

and actively promoted the research on technical path of PEM water-electrolytic hydrogen production business.Established post-investment management system and regulated the post-investment governance of subsidiaries.

4. Strengthened intelligent quality management and steadily promoted engineering construction. Launched FMS

tooling management system and pilot implemented the phase I of WMS warehouse management system;

Developed and tested MOM phase I manufacturing operation system; Completed the preliminary research on the

iteration of TMS tool management system EMS energy management system and PMS equipment management

system; Deployed IoT platform in the pilot units to achieve full connectivity of equipment interconnection.Completed the process planning of new platform products of the technology center promoted the standardization

of process modules and launched phase II PLM development. Implemented Q11 quality criteria and continuously

improve the development quality management capability; Deepened the quality improvement review mechanism

audited core products and estimated the hierarchical evaluation of all elements of the process on a regular basis.Constructed R&D building according to the milestone finished the project planning and foundation construction

of plant and station building on the lot 103 and proceeded the construction of the hydrogen energy industrial park

as planned.

5. Strengthened operation quality and improved operation efficiency. Improved the standardized management of

tax-related terms of contracts is improved promoted the tax early warning analysis in an orderly manner and

optimized accounting process to improve operation efficiency; Strengthened business risk prevention refine

business data analysis optimized product and improved profitability. Improved and optimized the existing

systems and processes invited external risk control experts for evaluation and training continuously improved the

risk control and management ability and strengthened the risk detection and control at all levels of the Company.Improved business monitoring and analysis of lines and divisions intensified deviation management and

corrective action tracking; Set up overseas project offices and investigated on overseas subsidiary management

and control mode; Developed and applied the phase II process operation analysis platform and document control

platform. Evaluated status of procurement business identified core problems and formulated optimization

measures; Completed the basic development of warehouse standardization system of the Group. Optimized the

talent structure implement internal transfer and improved and the suitability of talents; Promoted the

establishment of talent sharing mechanism with high-skilled positions as a pilot; Explored the international talent

work exchange mechanism and business ability training program to build a sound international talent teams.BOD of WEIFU HIGH-TECHNOLOGY GROUP CO. LTD.

22 August 2023

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