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.
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
