WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2019
October 2019
无锡威孚高科技集团股份有限公司 2019 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 2019 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) 22,823,147,790.09 20,892,041,460.30 9.24%
Net assets attributable to shareholders
16,445,855,352.30 15,913,828,778.82 3.34%
of listed company (RMB)
Increase/decrease in
Increase/decrease in
Year-begin to end comparison with
Current period comparison with same
of the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RMB) 1,916,020,020.78 0.90% 6,319,464,366.83 -7.88%
Net profit attributable to shareholders of
470,100,118.65 -7.89% 1,726,761,695.74 -16.00%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 426,217,054.93 -5.90% 1,540,311,879.67 -15.91%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-- -- 1,238,970,081.24 144.82%
activities (RMB)
Basic earnings per share (RMB/Share) 0.46 -9.80% 1.71 -16.18%
Diluted earnings per share (RMB/Share) 0.46 -9.80% 1.71 -16.18%
Weighted average ROE 2.93% -0.48% 10.53% -2.80%
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
4,701,459.14
accrued 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 52,478,894.42
to enterprise’s business)
Gains/losses from entrusted investment or assets management 158,539,790.49
3
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Held transaction financial asset, gains/losses of changes of fair values from
transaction financial liabilities, and investment gains from disposal of transaction
financial asset, transaction financial liabilities and financial asset available for sales, 10,971,801.13
exclude the effective hedging business relevant with normal operations of the
Company
Restoring of receivable impairment provision that tested individually 200,000.00
Other non-operating income and expenditure except for the aforementioned items 1,492,181.99
Less: impact on income tax 34,650,068.09
Impact on minority shareholders’ equity (post-tax) 7,284,243.01
Total 186,449,816.07 --
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 Total preferred stockholders with voting rights
63,734 0
end of report period recover at the end of report period (if applicable)
Top ten shareholders
Proportion Amount of Number of share
Nature of Amount of
Shareholders of shares restricted pledged/frozen
shareholder shares held
held shares held State of share Amount
WUXI INDUSTRY DEVELOPMENT State-owned
20.22% 204,059,398
GROUP CO., LTD. corporate
Foreign
ROBERT BOSCH GMBH 14.16% 142,841,400
corporate
Hong Kong Securities Clearing Company Foreign
4.60% 46,394,604
Ltd. (HKSCC) corporate
BBH BOS S/A FIDELITY FD - CHINA Foreign
1.84% 18,530,315
FOCUS FD corporate
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
State-owned
Central Huijin Investment Ltd. 1.27% 12,811,200
corporate
China Life Insurance - traditional - general
Other 1.21% 12,238,898
insurance products - 005L-CT001 Shen
China Life Insurance- Bonus -Individual
Other 1.14% 11,476,551
bonus - -005L-FH002 Shen
Agricultural Bank of China – CIC 500 ETF Other 0.63% 6,371,675
FIDELITY INVMT TRT FIDELITY INTL Foreign
0.61% 6,122,887
SMALL CAP FUND corporate
New China Life Insurance Co., Ltd. -
Traditional -Common Insurance Products - Other 0.56% 5,690,585
018L-CT001 Shen
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 foreign
27,580,800
shares
Hong Kong Securities Clearing Company Ltd. (HKSCC) 46,394,604 RMB common shares 46,394,604
Domestically listed foreign
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 18,530,315 18,530,315
shares
Central Huijin Investment Ltd. 12,811,200 RMB common shares 12,811,200
China Life Insurance - traditional - general insurance
12,238,898 RMB common shares 12,238,898
products - 005L-CT001 Shen
China Life Insurance- Bonus -Individual bonus -
11,476,551 RMB common shares 11,476,551
-005L-FH002 Shen
Agricultural Bank of China – CIC 500 ETF 6,371,675 RMB common shares 6,371,675
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP Domestically listed foreign
6,122,887 6,122,887
FUND shares
New China Life Insurance Co., Ltd. - Traditional -Common
5,690,585 RMB common shares 5,690,585
Insurance Products - 018L-CT001 Shen
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 do
among the above mentioned shareholders not belong to the consistent actionist regulated by the Management
Measure of Information Disclosure on Change of Shareholding for
Listed Company.
5
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Explanation on top 10 shareholders involving margin
Not applicable
business (if applicable) (see note 4)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
6
无锡威孚高科技集团股份有限公司 2019 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. Notes receivable increased 382.2288 million Yuan at the end of the Period compared with the end of last year
with 33.29% up, mainly because endorsement of note receivable declined in the period;
2. Advance payment increased 38.8763 million Yuan at the end of the Period compared with the end of last year
with 41.07% up, mainly because advance payment for materials in the period;
3. Other account receivable decreased 29.0839 million Yuan at the end of the Period compared with the end of
last year with 34.39% down, mainly because compensation for assets disposal are collected by Weifu Jinning in
the period;
4. Other current assets decreased 4583.9966 million Yuan at the end of the Period compared with the end of last
year, financial assets available for sale decreased 255.9752 million Yuan at the end of the Period compared with
the end of last year, Other equity instrument investment increased 186.94 million Yuan at the end of the Period
compared with the end of last year, other non current financial assets increased 768.80 million Yuan at the end of
the Period compared with the end of last year, mainly due to the re-classification for new financial instrument
standards implemented in the period;
5. Construction in progress increased 128.2331 million Yuan at the end of the Period compared with the end of
last year with 77.06% up, mainly because the technical equipment increased;
6. Goodwill increased 53.8073 million Yuan at the end of the Period compared with the end of last year, mainly
because in Denmark, wholly-owned subsidiary of the Company purchase 66% equity of Denmark IRD Fuel Cells
A/S (hereinafter referred to as IRD), the acquisition cost greater than the book value of net assets on the date of
acquisition;
7. Notes payable increased 973.2629 million Yuan at the end of the Period compared with the end of last year with
95.57% up, mainly because note payable issued to suppliers increased;
8. Accounts payable increased 617.7347 million Yuan at the end of the Period compared with the end of last year
with 30.17% up, mainly because the account payable for purchasing increased in the period;
9. Other comprehensive income: according to relevant accounting standards under the new financial instrument
are re-classified to “retained profit”.
(II) Changes of items of income statement and cause analysis:
1. Financial expenses decreased 36.7203 million Yuan over the same period of last year, mainly because the
interest income increased;
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
(III) Changes of items of cash flow statement and cause analysis:
1. Net cash flow arising from operation activity increased 732.9 million Yuan over same period last year, mainly
because expenses from purchasing declined and the interest income increased;
2. Net cash flow arising from investment activity increased 318.72 million Yuan over same period last year,
mainly because received bonus income in the period and income from demolition and disposal;
3. Net cash flow arising from financing activity decreased 131.22 million Yuan over same period last year, mainly
because bank loans are declined over same period last year.
II. Progress of significant events, their influences, and analysis and explanation of their
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 litigation documents mailed by Shenzhen Intermediate People’s Court
of Guangdong Province (hereinafter referred to as Shenzhen Intermediate People’s Court). The documents were
concerning about the dispute case that the plaintiff applicant China Cinda Asset Management Co., Ltd. Shenzhen
Branch appealed the respondent Weifu High Technology and other seven respondents and the third party
Shenzhen Hejun Venture Holding Co., Ltd. (hereinafter referred to as Hejun Company) damaged the interests of
corporate creditors, two cases are included in total. After civil ruling as No.(2016)Y03MC2490 and No.(2016)
Y03MC2492 from Shenzhen Intermediate People's Court, the assets under the name of above said eight
defendants 217 million Yuan in total are being seal up, seized or freeze. Ended as the reporting period, the 4.71
million shares of Miracle Logistics and 11,739,102 shares of SDEC Stock held by the Company has been freeze.
The first trial open dated 24 September 2017, and further courts will give until further notice.
2. The Company has applied to the Futian Court for compulsory liquidation of Hejun Company. Futian Court has
made a civil ruling ((2017) Yue 0304 QS No. 5) which ruled to execute compulsory liquidation to Hejun Company.
The Company will actively cooperate with the court to do the relevant liquidation work and safeguard the
legitimate rights and interests of the Company.
Overview Disclosure date Query index for interim notice
Parts of the joint-stock 2017-03-08 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn)
enterprise’s equity held by
the Company freeze 2017-12-06 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn)
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
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
8
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
□ 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. Particular about security investment
√ Applicable □Not applicable
In RMB
Book Changes
Profit
Account value at in fair Curr Book
Variety Short Cumulativ and loss
Code of Initial ing the value of Current ent value at Sourc
of form of e fair value in the Accountin
securiti investme measure beginni the purchase sales the end e of
securitie securiti nt cost changes in Reporti g subject
es ment ng of current amount amo of the stock
s es equity ng
model the profit unt period
Period
period and loss
Domesti
Measure Tradable
c and 199,208, 85,458, 9,351,0 9,961,4 94,809, Own
600841 SDEC d by fair financial
foreign 000.00 408.00 72.00 89.20 480.00 funds
value assets
stocks
Domesti
Miracle Measure Tradable
c and 69,331,5 35,607, 1,130,4 1,398,8 36,738, Own
002009 Logisti d by fair financial
foreign 00.00 600.00 00.00 70.00 000.00 funds
cs value assets
stocks
268,539, 121,066 10,481, 11,360,3 131,547
Total -- 0.00 0.00 0.00 -- --
500.00 ,008.00 472.00 59.20 ,480.00
Disclosure date of 2012-03-24
securities investment
approval from the Board 2013-06-04
V. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Type Capital resources Amount for entrust Balance un-expired Overdue amount
Bank financing product Own funds 257,000 250,000 0
Brokerage financing products Own funds 24,000 24,000 0
Trust financing products Own funds 169,774 164,774 0
Other Own funds 90,495 61,145 0
Total 541,269 499,919 0
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
9
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
√ Applicable □Not applicable
In 10 thousand Yuan
Amou Summ
nt of ary of
reserv Wheth the
Actual Wheth
Capita Antici e for er items
Truste Refere Actual collect er has
l Criteri pated devalu appro and
e Trus Source St E nce gains/l ed entrust
Amou invest a for incom ation ved by relate
institut tee Type of art nd annual osses gains/l financ
nt ment fixing e (if of legal d
ion r type funds date date rate of in osses e plan
purpos reward applic withdr proced query
name return period in in the
e able) awing ure index
period future
(if (Y/N) (if
applic applic
able) able)
Refere April
nce 23,
Bank
Non-guar annual Collec 2019
financi
Ban anteed 350,00 Own 2019-0 2020- ized 3.7%- 6,106. 7,114. ted by (Anno
Bank al 0Y Y
k floating 0 funds 1-03 03-30 yield 4.55% 19 23 agree uncem
produc
income by ment ent
ts
agree No.:
ment 2019-
Refere 010)
Collec nce
Non-guar tive annual Collec
Brok
Broker anteed Own 2019-0 2020- assets ized 4.3%- ted by
erag 26,000 635.05 147.69 0Y Y
age floating funds 5-14 05-13 manag yield 5.3% agree
e
income ement by ment
plan agree
ment
Refere
nce
Collec
Non-guar annual Collec
tive
Trus anteed 173,88 Own 2019-0 2021- ized 4.5%- 14,345 4,616. ted by
Trust trust 0Y Y
t floating 0 funds 1-17 08-21 yield 8.7% .23 05 agree
schem
income by ment
e
agree
ment
Othe Fund Refere
Non-guar Collec
Others rs produc nce
anteed Own 2019-0 2020- 5%-9. 3,612. 4,617. ted by
(funds, (fun 58,000 ts with annual 0Y Y
floating funds 1-04 10-31 5% 3 74 agree
etc.) ds, fixed ized
income ment
etc.) incom yield
10
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
e by
agree
ment
607,88 24,698 16,495
Total -- -- -- -- -- -- -- 0 -- -- --
0 .77 .71
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
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
Date Method Type of investors Index for the interview and research
Form 1 Jan. to 30 The Company answered questions for investors online through the
Written inquiry Other
Sept. 2019 investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)
Form 1 Jan. to 30 Telephone Getting the basic information of the Company and market conditions by
Other
Sept. 2019 communication telephone
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.
11
无锡威孚高科技集团股份有限公司 2019 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.
2019-09-30
In RMB
Item 2019-9-30 2018-12-31
Current assets:
Monetary funds 2,738,298,511.58 2,616,321,740.73
Settlement provisions
Capital lent
Tradable financial assets 4,409,755,079.43
Financial assets measured by fair value and with
variation reckoned into current gains/losses
Derivative financial assets
Note receivable 1,530,336,351.26 1,148,107,603.68
Account receivable 2,209,911,329.35 1,919,793,266.91
Receivable financing
Accounts paid in advance 133,527,735.27 94,651,431.31
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 55,498,326.16 84,582,246.16
Including: Interest receivable 95,062.50 1,842,437.50
Dividend receivable
Buying back the sale of financial assets
Inventories 1,715,743,285.73 1,438,528,714.59
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 48,140,980.04 4,632,137,600.26
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Total current assets 12,841,211,598.82 11,934,122,603.64
Non-current assets:
Loans and payments on behalf
Debt investment
Finance asset available for sales 255,975,176.91
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 5,123,468,311.43 4,976,773,946.74
Investment in other equity instrument 186,940,000.00
Other non-current financial assets 768,800,000.00
Investment real estate 20,745,091.24 21,906,134.52
Fixed assets 2,709,714,235.51 2,707,374,678.61
Construction in progress 294,647,637.63 166,414,542.18
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 324,663,804.16 324,892,822.75
Expense on Research and Development
Goodwill 55,591,347.00 1,784,086.79
Long-term expenses to be apportioned 18,142,695.08 16,637,652.31
Deferred income tax asset 210,723,234.29 234,697,139.58
Other non-current asset 268,499,834.93 251,462,676.27
Total non-current asset 9,981,936,191.27 8,957,918,856.66
Total assets 22,823,147,790.09 20,892,041,460.30
Current liabilities:
Short-term loans 335,178,090.67 298,928,213.94
Loan from central bank
Capital borrowed
Tradable financial liability
Financial liability measured by fair value and with
variation reckoned into current gains/losses
Derivative financial liability 490,329.13
Note payable 1,991,630,397.80 1,018,367,533.74
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Account payable 2,665,071,495.37 2,047,336,834.66
Accounts received in advance 51,488,432.44 41,329,857.80
Contractual liability
Selling financial asset of repurchase
Absorbing deposit and inter-bank deposit
Security trading of agency
Security sales of agency
Wage payable 265,041,962.07 312,113,178.24
Taxes payable 41,002,404.48 74,271,613.92
Other account payable 51,141,250.70 64,448,723.52
Including: Interest payable 643,733.42 517,469.08
Dividend payable
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 15,000,000.00
Other current liabilities
Total current liabilities 5,400,554,033.53 3,872,286,284.95
Non-current liabilities:
Insurance contract reserve
Long-term loans 30,000,000.00
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable 35,083,263.11 35,422,354.11
Long-term wages payable 74,679,175.36 74,679,175.36
Accrual liability
Deferred income 419,514,861.51 425,769,854.13
Deferred income tax liabilities 3,401,690.48 1,912,744.40
Other non-current liabilities
Total non-current liabilities 532,678,990.46 567,784,128.00
Total liabilities 5,933,233,023.99 4,440,070,412.95
Owner’s equity:
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Share capital 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 3,391,604,168.84 3,416,022,795.14
Less: Inventory shares
Other comprehensive income 3,116,678.13 -19,809,442.95
Reasonable reserve 2,778,305.97 1,618,490.50
Surplus public reserve 510,100,496.00 510,100,496.00
Provision of general risk
Retained profit 11,529,305,133.36 10,996,945,870.13
Total owner’ s equity attributable to parent company 16,445,855,352.30 15,913,828,778.82
Minority interests 444,059,413.80 538,142,268.53
Total owner’ s equity 16,889,914,766.10 16,451,971,047.35
Total liabilities and owner’ s equity 22,823,147,790.09 20,892,041,460.30
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 2019-9-30 2018-12-31
Current assets:
Monetary funds 1,865,296,561.13 1,922,408,227.00
Tradable financial assets 4,149,755,079.43
Financial assets measured by fair value and with
variation reckoned into current gains/losses
Derivative financial assets
Note receivable 203,336,197.42 264,264,207.30
Account receivable 667,004,047.32 742,246,990.99
Receivable financing
Accounts paid in advance 76,539,287.27 59,028,927.25
Other account receivable 250,660,019.92 196,849,092.13
Including: Interest receivable 30,570.83 188,682.78
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Dividend receivable
Inventories 438,535,813.80 492,054,274.67
Contractual assets
Assets held for sale
Non-current assets maturing within one year
Other current assets 13,893,534.65 4,576,688,553.49
Total current assets 7,665,020,540.94 8,253,540,272.83
Non-current assets:
Debt investment
Available-for-sale financial assets 180,035,176.91
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 6,082,862,441.22 5,739,110,426.55
Investment in other equity instrument 111,000,000.00
Other non-current financial assets 768,800,000.00
Investment real estate
Fixed assets 1,537,795,177.08 1,534,109,106.80
Construction in progress 173,740,910.69 78,673,300.59
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 190,792,864.13 188,101,655.94
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 115,841,961.43 140,286,756.70
Other non-current assets 198,566,530.82 184,208,090.40
Total non-current assets 9,179,399,885.37 8,044,524,513.89
Total assets 16,844,420,426.31 16,298,064,786.72
Current liabilities:
Short-term borrowings 135,500,000.00 112,000,000.00
Tradable financial liability
Financial liability measured by fair value and with
16
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
variation reckoned into current gains/losses
Derivative financial liability
Notes payable 362,507,852.24 330,545,052.37
Account payable 819,454,424.49 823,693,469.51
Accounts received in advance 4,195,085.18 6,639,554.63
Contractual liability
Wage payable 174,862,754.24 200,205,508.25
Taxes payable 24,058,340.08 39,193,425.15
Other accounts payable 39,713,975.00 12,142,596.68
Including: Interest payable 283,127.78 149,966.66
Dividend payable
Liability held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 1,560,292,431.23 1,524,419,606.59
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Long term employee compensation payable 63,962,762.93 63,962,762.93
Accrued liabilities
Deferred income 368,548,829.05 381,609,056.40
Deferred income tax liabilities 1,572,220.80
Other non-current liabilities
Total non-current liabilities 434,083,812.78 445,571,819.33
Total liabilities 1,994,376,244.01 1,969,991,425.92
Owners’ equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
17
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Capital public reserve 3,488,221,286.39 3,488,221,286.39
Less: Inventory shares
Other comprehensive income -19,809,442.95
Special reserve
Surplus reserve 510,100,496.00 510,100,496.00
Retained profit 9,842,771,829.91 9,340,610,451.36
Total owner’s equity 14,850,044,182.30 14,328,073,360.80
Total liabilities and owner’s equity 16,844,420,426.31 16,298,064,786.72
3. Consolidated Profit Statement (the period)
In RMB
Item Current Period Last Period
I. Total operating income 1,916,020,020.78 1,898,914,219.62
Including: Operating income 1,916,020,020.78 1,898,914,219.62
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,798,254,914.36 1,794,520,230.39
Including: Operating cost 1,547,533,563.20 1,500,174,561.45
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 10,679,124.43 12,088,931.79
Sales expense 62,375,586.60 51,306,210.48
Administrative expense 106,951,424.44 149,721,042.18
R&D expense 88,447,560.87 89,957,375.50
Financial expense -17,732,345.18 -8,727,891.01
Including: Interest expenses 4,119,051.19 3,519,363.80
Interest income 16,205,153.85 11,924,507.72
Add: other income 8,299,567.47 11,432,760.47
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Investment income (Loss is listed with “-”) 400,210,218.92 432,468,507.12
Including: Investment income on affiliated company and
330,720,999.96 370,057,450.82
joint venture
The termination of income recognition for financial assets
measured by amortized cost(Loss is listed with “-”)
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with “-”) -19,714,476.00
Loss of credit impairment (Loss is listed with “-”) -6,818,584.59
Losses of devaluation of asset (Loss is listed with “-”) -3,909,288.35
Income from assets disposal (Loss is listed with “-”) 68,162.17 -783,051.95
III. Operating profit (Loss is listed with “-”) 499,809,994.39 543,602,916.52
Add: Non-operating income 658,015.10 2,062,006.74
Less: Non-operating expense 675,444.41 6,368,628.96
IV. Total profit (Loss is listed with “-”) 499,792,565.08 539,296,294.30
Less: Income tax expense 23,979,285.80 21,775,897.49
V. Net profit (Net loss is listed with “-”) 475,813,279.28 517,520,396.81
(i) Classify by business continuity
1.continuous operating net profit (net loss listed with ‘-”) 475,813,279.28 517,520,396.81
2.termination of net profit (net loss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 470,100,118.65 510,387,493.91
2.Minority shareholders’ gains and losses 5,713,160.63 7,132,902.90
VI. Net after-tax of other comprehensive income 4,106,858.43 -26,099,780.40
Net after-tax of other comprehensive income attributable to
2,855,086.59 -26,099,780.40
owners of parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of investment in other equity
instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be 2,855,086.59 -26,099,780.40
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that
can transfer to gain/loss
2.Change of fair value of other debt investment
3.gain/loss of fair value changes for available-for-sale
-26,099,780.40
financial assets
4.Amount of financial assets re-classify to other
comprehensive income
5.Gain/loss of held-to-maturity investments that re-classify
to available-for-sale financial asset
6.Credit impairment provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on translation of foreign
2,855,086.59
currency financial statements
9.Other
Net after-tax of other comprehensive income attributable to
1,251,771.84
minority shareholders
VII. Total comprehensive income 479,920,137.71 491,420,616.41
Total comprehensive income attributable to owners of parent
472,955,205.24 484,287,713.51
Company
Total comprehensive income attributable to minority
6,964,932.47 7,132,902.90
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.46 0.51
(ii) Diluted earnings per share 0.46 0.51
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0
Yuan achieved 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 828,982,172.49 848,388,482.53
Less: Operating cost 653,400,959.95 621,196,194.58
Taxes and surcharge 6,802,609.00 6,354,222.41
20
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Sales expenses 8,778,996.50 8,715,558.72
Administration expenses 46,561,420.48 99,355,100.44
R&D expenses 38,285,533.62 39,239,700.36
Financial expenses -23,174,856.95 -10,370,818.41
Including: interest expenses 1,360,727.13 1,939,344.45
Interest income 18,048,180.81 10,645,854.58
Add: other income 5,957,952.88 9,993,445.81
Investment income (Loss is listed with “-”) 484,352,775.90 405,801,333.02
Including: Investment income on affiliated Company
316,194,045.81 347,419,208.23
and joint venture
The termination of income recognition for financial
assets measured by amortized cost (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Changing income of fair value (Loss is listed with “-”) -19,714,476.00
Loss of credit impairment (Loss is listed with “-”) -240,584.40
Losses of devaluation of asset (Loss is listed with “-”) -314,165.39
Income on disposal of assets (Loss is listed with “-”) 49,380.96 58,612.89
II. Operating profit (Loss is listed with “-”) 568,732,559.23 499,437,750.76
Add: Non-operating income 11,730.00 2,907.94
Less: Non-operating expense 250,034.98 6,157,201.14
III. Total Profit (Loss is listed with “-”) 568,494,254.25 493,283,457.56
Less: Income tax 20,714,710.20 18,406,615.68
IV. Net profit (Net loss is listed with “-”) 547,779,544.05 474,876,841.88
(i)continuous operating net profit (net loss listed with ‘-”) 547,779,544.05 474,876,841.88
(ii) termination of net profit (net loss listed with ‘-”)
V. Net after-tax of other comprehensive income -26,099,780.40
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of investment in other equity
instrument
4.Fair value change of enterprise's credit risk
5. Other
(II) Other comprehensive income items which will be -26,099,780.40
21
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that
can transfer to gain/loss
2.Change of fair value of other debt investment
3.gain/loss of fair value changes for available-for-sale
-26,099,780.40
financial assets
4.Amount of financial assets re-classify to other
comprehensive income
5.Gain/loss of held-to-maturity investments that re-classify
to available-for-sale financial asset
6.Credit impairment provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 547,779,544.05 448,777,061.48
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 6,319,464,366.83 6,859,716,110.61
Including: Operating income 6,319,464,366.83 6,859,716,110.61
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 5,804,031,464.87 6,240,664,902.74
Including: Operating cost 4,952,920,067.64 5,389,764,851.14
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
22
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 45,213,696.09 50,089,284.19
Sales expense 166,646,234.00 157,653,770.33
Administrative expense 417,861,404.87 386,260,452.81
R&D expense 268,615,203.03 267,401,343.65
Financial expense -47,225,140.76 -10,504,799.38
Including: Interest expenses 13,383,699.61 12,595,318.85
Interest income 64,622,073.68 23,608,605.34
Add: other income 25,931,685.42 25,465,220.18
Investment income (Loss is listed with “-”) 1,288,426,899.40 1,581,501,675.51
Including: Investment income on affiliated company and
1,121,186,131.01 1,338,697,596.73
joint venture
The termination of income recognition for financial assets
measured by amortized cost(Loss is listed with “-”)
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with “-”) 10,971,801.13
Loss of credit impairment (Loss is listed with “-”) -13,056,375.34
Losses of devaluation of asset (Loss is listed with “-”) -1,500,885.27 -3,899,200.97
Income from assets disposal (Loss is listed with “-”) 5,176,010.62 805,133.41
III. Operating profit (Loss is listed with “-”) 1,831,382,037.92 2,222,924,036.00
Add: Non-operating income 28,202,772.36 5,943,135.61
Less: Non-operating expense 3,306,897.43 8,696,501.34
IV. Total profit (Loss is listed with “-”) 1,856,277,912.85 2,220,170,670.27
Less: Income tax expense 105,361,940.34 124,703,195.45
V. Net profit (Net loss is listed with “-”) 1,750,915,972.51 2,095,467,474.82
(i) Classify by business continuity
1.continuous operating net profit (net loss listed with ‘-”) 1,750,915,972.51 2,095,467,474.82
2.termination of net profit (net loss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 1,726,761,695.74 2,055,630,198.83
2.Minority shareholders’ gains and losses 24,154,276.77 39,837,275.99
VI. Net after-tax of other comprehensive income 4,378,395.63 -84,402,360.75
Net after-tax of other comprehensive income attributable to 3,116,678.13 -84,402,360.75
23
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
owners of parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of investment in other equity
instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be
3,116,678.13 -84,402,360.75
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that
can transfer to gain/loss
2.Change of fair value of other debt investment
3.gain/loss of fair value changes for available-for-sale
-84,402,360.75
financial assets
4.Amount of financial assets re-classify to other
comprehensive income
5.Gain/loss of held-to-maturity investments that
re-classify to available-for-sale financial asset
6.Credit impairment provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on translation of foreign
3,116,678.13
currency financial statements
9.Other
Net after-tax of other comprehensive income attributable to
1,261,717.50
minority shareholders
VII. Total comprehensive income 1,755,294,368.14 2,011,065,114.07
Total comprehensive income attributable to owners of parent
1,729,878,373.87 1,971,227,838.08
Company
Total comprehensive income attributable to minority
25,415,994.27 39,837,275.99
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 1.71 2.04
(ii) Diluted earnings per share 1.71 2.04
As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0
Yuan achieved last period
24
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 2,921,456,632.73 3,163,531,137.66
Less: Operating cost 2,125,372,474.65 2,319,712,717.48
Taxes and surcharge 24,313,512.97 27,115,075.05
Sales expenses 24,099,338.93 25,746,366.68
Administration expenses 257,561,447.82 245,339,078.79
R&D expenses 114,159,344.52 109,515,485.12
Financial expenses -64,267,045.54 -15,700,898.36
Including: interest expenses 4,958,091.05 5,529,002.77
Interest income 62,790,598.05 19,693,248.44
Add: other income 17,641,177.18 21,807,229.20
Investment income (Loss is listed with “-”) 1,324,568,137.56 1,543,151,562.04
Including: Investment income on affiliated Company
1,058,657,858.04 1,242,207,334.77
and joint venture
The termination of income recognition for financial
assets measured by amortized cost (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Changing income of fair value (Loss is listed with “-”) 10,481,472.00
Loss of credit impairment (Loss is listed with “-”) -2,141,962.10
Losses of devaluation of asset (Loss is listed with “-”) -24,294.39 -782,787.78
Income on disposal of assets (Loss is listed with “-”) 1,893,432.44 757,456.62
II. Operating profit (Loss is listed with “-”) 1,792,635,522.07 2,016,736,772.98
Add: Non-operating income 26,764.36 29,458.29
Less: Non-operating expense 1,446,287.89 7,147,094.09
III. Total Profit (Loss is listed with “-”) 1,791,215,998.54 2,009,619,137.18
Less: Income tax 94,652,187.48 101,251,244.84
IV. Net profit (Net loss is listed with “-”) 1,696,563,811.06 1,908,367,892.34
(i)continuous operating net profit (net loss listed with ‘-”) 1,696,563,811.06 1,908,367,892.34
(ii) termination of net profit (net loss listed with ‘-”)
25
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
V. Net after-tax of other comprehensive income -84,402,360.75
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of investment in other equity
instrument
4.Fair value change of enterprise's credit risk
5. Other
(II) Other comprehensive income items which will be
-84,402,360.75
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that
can transfer to gain/loss
2.Change of fair value of other debt investment
3.gain/loss of fair value changes for available-for-sale
-84,402,360.75
financial assets
4.Amount of financial assets re-classify to other
comprehensive income
5.Gain/loss of held-to-maturity investments that
re-classify to available-for-sale financial asset
6.Credit impairment provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 1,696,563,811.06 1,823,965,531.59
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
26
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
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
6,469,994,384.05 6,420,868,275.01
labor services
Net increase of customer deposit and inter-bank 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
Cash received from interest, commission charge and
commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of
securities
Write-back of tax received 41,580,951.27 48,634,147.48
Other cash received concerning operating activities 110,778,197.88 36,744,426.26
Subtotal of cash inflow arising from operating activities 6,622,353,533.20 6,506,246,848.75
Cash paid for purchasing commodities and receiving
3,817,334,081.37 4,238,426,941.42
labor service
Net increase of customer loans and advances
Net increase of deposits in central bank and inter-bank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and
commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 940,247,241.06 986,066,952.04
Taxes paid 390,676,910.12 470,637,881.75
Other cash paid concerning operating activities 235,125,219.41 305,045,263.08
Subtotal of cash outflow arising from operating activities 5,383,383,451.96 6,000,177,038.29
27
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Net cash flows arising from operating activities 1,238,970,081.24 506,069,810.46
II. Cash flows arising from investing activities:
Cash received from recovering investment 5,894,803,412.42 7,714,706,837.03
Cash received from investment income 1,131,495,657.28 1,134,719,735.92
Net cash received from disposal of fixed, intangible and
72,646,662.26 40,310,372.43
other long-term assets
Net cash received from disposal of subsidiaries and other
units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 7,098,945,731.96 8,889,736,945.38
Cash paid for purchasing fixed, intangible and other
358,576,210.84 455,493,121.66
long-term assets
Cash paid for investment 6,387,322,000.00 8,463,843,284.96
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
49,930,736.62
obtained
Other cash paid concerning investing activities 24,000,000.00 10,000,000.00
Subtotal of cash outflow from investing activities 6,819,828,947.46 8,929,336,406.62
Net cash flows arising from investing activities 279,116,784.50 -39,599,461.24
III. Cash flows arising from financing activities
Cash received from absorbing investment 13,880,037.60
Including: Cash received from absorbing minority
13,880,037.60
shareholders’ investment by subsidiaries
Cash received from loans 476,760,078.03 372,755,051.21
Other cash received concerning financing activities 5,470,000.00
Subtotal of cash inflow from financing activities 490,640,115.63 378,225,051.21
Cash paid for settling debts 485,510,201.30 273,000,000.00
Cash paid for dividend and profit distributing or interest
1,249,718,662.01 1,224,060,591.43
paying
Including: Dividend and profit of minority shareholder
26,271,705.11 174,600.00
paid by subsidiaries
Other cash paid concerning financing activities 5,809,091.00 339,091.00
Subtotal of cash outflow from financing activities 1,741,037,954.31 1,497,399,682.43
Net cash flows arising from financing activities -1,250,397,838.68 -1,119,174,631.22
IV. Influence on cash and cash equivalents due to fluctuation
-6,845,918.83 4,550,314.63
in exchange rate
28
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
V. Net increase of cash and cash equivalents 260,843,108.23 -648,153,967.37
Add: Balance of cash and cash equivalents at the period
2,404,674,139.49 2,948,439,354.22
-begin
VI. Balance of cash and cash equivalents at the period -end 2,665,517,247.72 2,300,285,386.85
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
3,287,576,153.27 3,839,689,306.03
labor services
Write-back of tax received
Other cash received concerning operating activities 67,213,435.93 19,693,248.44
Subtotal of cash inflow arising from operating activities 3,354,789,589.20 3,859,382,554.47
Cash paid for purchasing commodities and receiving
1,847,985,017.74 2,396,479,395.04
labor service
Cash paid to/for staff and workers 502,010,559.74 527,189,432.25
Taxes paid 245,672,049.82 327,029,152.13
Other cash paid concerning operating activities 116,624,299.79 220,686,532.94
Subtotal of cash outflow arising from operating activities 2,712,291,927.09 3,471,384,512.36
Net cash flows arising from operating activities 642,497,662.11 387,998,042.11
II. Cash flows arising from investing activities:
Cash received from recovering investment 5,389,803,412.42 7,450,776,671.49
Cash received from investment income 1,192,272,663.55 1,103,693,650.17
Net cash received from disposal of fixed, intangible and
4,206,404.75 38,606,710.25
other long-term assets
Net cash received from disposal of subsidiaries and other
units
Other cash received concerning investing activities 226,818,698.47 75,274,713.09
Subtotal of cash inflow from investing activities 6,813,101,179.19 8,668,351,745.00
Cash paid for purchasing fixed, intangible and other
227,211,753.37 209,627,425.25
long-term assets
Cash paid for investment 5,753,942,000.00 7,957,713,200.00
Net cash received from subsidiaries and other units
82,156,428.71
obtained
Other cash paid concerning investing activities 259,380,372.33 179,000,000.00
29
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Subtotal of cash outflow from investing activities 6,322,690,554.41 8,346,340,625.25
Net cash flows arising from investing activities 490,410,624.78 322,011,119.75
III. Cash flows arising from financing activities:
Cash received from absorbing investment
Cash received from loans 231,500,000.00 180,000,000.00
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 231,500,000.00 180,000,000.00
Cash paid for settling debts 208,000,000.00 78,000,000.00
Cash paid for dividend and profit distributing or interest
1,215,565,613.93 1,216,155,809.00
paying
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 1,423,565,613.93 1,294,155,809.00
Net cash flows arising from financing activities -1,192,065,613.93 -1,114,155,809.00
IV. Influence on cash and cash equivalents due to fluctuation
-6,064,069.05 3,695,159.21
in exchange rate
V. Net increase of cash and cash equivalents -65,221,396.09 -400,451,487.93
Add: Balance of cash and cash equivalents at the period
1,920,076,358.43 2,454,696,969.20
-begin
VI. Balance of cash and cash equivalents at the period -end 1,854,854,962.34 2,054,245,481.27
30
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financial
instrument standards, new revenue standards or new leasing standards since 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet
In RMB
Item 2018-12-31 2019-01-01 Adjustment
Current assets:
Monetary funds 2,616,321,740.73 2,616,321,740.73
Settlement provisions
Capital lent
Tradable financial assets 4,740,773,607.43 4,740,773,607.43
Financial assets measured by fair value and
with variation reckoned into current gains/losses
Derivative financial assets
Note receivable 1,148,107,603.68 1,148,107,603.68
Account receivable 1,919,793,266.91 1,919,793,266.91
Receivable financing
Accounts paid in advance 94,651,431.31 94,651,431.31
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 84,582,246.16 84,582,246.16
Including: Interest receivable 1,842,437.50 1,842,437.50
Dividend receivable
Buying back the sale of financial assets
Inventories 1,438,528,714.59 1,438,528,714.59
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 4,632,137,600.26 60,250,896.83 -4,571,886,703.43
Total current assets 11,934,122,603.64 12,103,009,507.64 168,886,904.00
Non-current assets:
Loans and payments on behalf
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Debt investment
Finance asset available for sales 255,975,176.91 -255,975,176.91
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 4,976,773,946.74 4,976,773,946.74
Investment in other equity instrument 87,088,272.91 87,088,272.91
Other non-current financial assets
Investment real estate 21,906,134.52 21,906,134.52
Fixed assets 2,707,374,678.61 2,707,374,678.61
Construction in progress 166,414,542.18 166,414,542.18
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 324,892,822.75 324,892,822.75
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 16,637,652.31 16,637,652.31
Deferred income tax asset 234,697,139.58 234,697,139.58
Other non-current asset 251,462,676.27 251,462,676.27
Total non-current asset 8,957,918,856.66 8,789,031,952.66 -168,886,904.00
Total assets 20,892,041,460.30 20,892,041,460.30
Current liabilities:
Short-term loans 298,928,213.94 298,928,213.94
Loan from central bank
Capital borrowed
Tradable financial liability
Financial liability measured by fair value and
with variation reckoned into current gains/losses
Derivative financial liability 490,329.13 490,329.13
Note payable 1,018,367,533.74 1,018,367,533.74
Account payable 2,047,336,834.66 2,047,336,834.66
Accounts received in advance 41,329,857.80 41,329,857.80
Contractual liability
32
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Selling financial asset of repurchase
Absorbing deposit and inter-bank deposit
Security trading of agency
Security sales of agency
Wage payable 312,113,178.24 312,113,178.24
Taxes payable 74,271,613.92 74,271,613.92
Other account payable 64,448,723.52 64,448,723.52
Including: Interest payable 517,469.08 517,469.08
Dividend payable
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 15,000,000.00 15,000,000.00
Other current liabilities
Total current liabilities 3,872,286,284.95 3,872,286,284.95
Non-current liabilities:
Insurance contract reserve
Long-term loans 30,000,000.00 30,000,000.00
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable 35,422,354.11 35,422,354.11
Long-term wages payable 74,679,175.36 74,679,175.36
Accrual liability
Deferred income 425,769,854.13 425,769,854.13
Deferred income tax liabilities 1,912,744.40 1,912,744.40
Other non-current liabilities
Total non-current liabilities 567,784,128.00 567,784,128.00
Total liabilities 4,440,070,412.95 4,440,070,412.95
Owner’s equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: Preferred stock
33
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Perpetual capital securities
Capital public reserve 3,416,022,795.14 3,416,022,795.14
Less: Inventory shares
Other comprehensive income -19,809,442.95 19,809,442.95
Reasonable reserve 1,618,490.50 1,618,490.50
Surplus public reserve 510,100,496.00 510,100,496.00
Provision of general risk
Retained profit 10,996,945,870.13 10,977,136,427.18 -19,809,442.95
Total owner’ s equity attributable to parent
15,913,828,778.82 15,913,828,778.82
company
Minority interests 538,142,268.53 538,142,268.53
Total owner’ s equity 16,451,971,047.35 16,451,971,047.35
Total liabilities and owner’ s equity 20,892,041,460.30 20,892,041,460.30
Explanation:
In 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 -
Recognition and Measurement of Financial Instruments and Accounting Standards for Business Enterprises No.
23 - Transfer of Financial Assets , Accounting Standards for Business Enterprises No. 24 - Hedge Accounting, and
the Accounting Standards for Business Enterprises No. 37 – Financial Instruments Presentation, and the domestic
listed companies are required to put the relevant accounting standards of new financial instruments into force from
January 1, 2019. The Company implements the above mentioned four accounting standards since 1 Jan. 2019
(1) New item of “Tradable financial assets” increased, parts of the former “Other current assets” and “Financial
assets available for sale” are being re-classified;
(2) New item of “Other equity instrument investment” increased, part of the former “Financial assets available for
sale” is re-classified;
(3) The “Other comprehensive income” re-classified to “Retained profit”.
34
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Balance Sheet of Parent Company
In RMB
Item 2018-12-31 2019-01-01 Adjustment
Current assets:
Monetary funds 1,922,408,227.00 1,922,408,227.00
Tradable financial assets 4,740,773,607.43 4,740,773,607.43
Financial assets measured by fair value and with
variation reckoned into current gains/losses
Derivative financial assets
Note receivable 264,264,207.30 264,264,207.30
Account receivable 742,246,990.99 742,246,990.99
Receivable financing
Accounts paid in advance 59,028,927.25 59,028,927.25
Other account receivable 196,849,092.13 196,849,092.13
Including: Interest receivable 188,682.78 188,682.78
Dividend receivable
Inventories 492,054,274.67 492,054,274.67
Contractual assets
Assets held for sale
Non-current assets maturing within one year
Other current assets 4,576,688,553.49 4,801,850.06 -4,571,886,703.43
Total current assets 8,253,540,272.83 8,422,427,176.83 168,886,904.00
Non-current assets:
Debt investment
Available-for-sale financial assets 180,035,176.91 -180,035,176.91
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 5,739,110,426.55 5,739,110,426.55
Investment in other equity instrument 11,148,272.91 11,148,272.91
Other non-current financial assets
Investment real estate
Fixed assets 1,534,109,106.80 1,534,109,106.80
Construction in progress 78,673,300.59 78,673,300.59
Productive biological assets
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Oil and natural gas assets
Right-of-use assets
Intangible assets 188,101,655.94 188,101,655.94
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 140,286,756.70 140,286,756.70
Other non-current assets 184,208,090.40 184,208,090.40
Total non-current assets 8,044,524,513.89 7,875,637,609.89 -168,886,904.00
Total assets 16,298,064,786.72 16,298,064,786.72
Current liabilities:
Short-term borrowings 112,000,000.00 112,000,000.00
Tradable financial liability
Financial liability measured by fair value and with
variation reckoned into current gains/losses
Derivative financial liability
Notes payable 330,545,052.37 330,545,052.37
Account payable 823,693,469.51 823,693,469.51
Accounts received in advance 6,639,554.63 6,639,554.63
Contractual liability
Wage payable 200,205,508.25 200,205,508.25
Taxes payable 39,193,425.15 39,193,425.15
Other accounts payable 12,142,596.68 12,142,596.68
Including: Interest payable 149,966.66 149,966.66
Dividend payable
Liability held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 1,524,419,606.59 1,524,419,606.59
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
36
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
Lease liability
Long-term account payable
Long term employee compensation payable 63,962,762.93 63,962,762.93
Accrued liabilities
Deferred income 381,609,056.40 381,609,056.40
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 445,571,819.33 445,571,819.33
Total liabilities 1,969,991,425.92 1,969,991,425.92
Owners’ 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 3,488,221,286.39 3,488,221,286.39
Less: Inventory shares
Other comprehensive income -19,809,442.95 19,809,442.95
Special reserve
Surplus reserve 510,100,496.00 510,100,496.00
Retained profit 9,340,610,451.36 9,320,801,008.41 -19,809,442.95
Total owner’s equity 14,328,073,360.80 14,328,073,360.80
Total liabilities and owner’s equity 16,298,064,786.72 16,298,064,786.72
Explanation:
In 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 -
Recognition and Measurement of Financial Instruments and Accounting Standards for Business Enterprises No.
23 - Transfer of Financial Assets , Accounting Standards for Business Enterprises No. 24 - Hedge Accounting, and
the Accounting Standards for Business Enterprises No. 37 – Financial Instruments Presentation, and the domestic
listed companies are required to put the relevant accounting standards of new financial instruments into force from
January 1, 2019. The Company implements the above mentioned four accounting standards since 1 Jan. 2019
(1) New item of “Tradable financial assets” increased, parts of the former “Other current assets” and “Financial
assets available for sale” are being re-classified;
(1) New item of “Other equity instrument investment” increased, part of the former “Financial assets available for
sale” is re-classified;
(2) The “Other comprehensive income” re-classified to “Retained profit”.
37
无锡威孚高科技集团股份有限公司 2019 年第三季度报告全文
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the new
financial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. 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
30 October 2019
38
