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苏威孚B:2019年半年度报告摘要(英文版)2019-08-27  

						                                                                无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要




Stock Code: 000581, 200581                                                               Public Notice No: 2019-023

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




                          Weifu High-Technology Group Co., Ltd.
                          Summary of Semi-Annual Report 2019

I. Important Notice

The summary is abstract from full-text of semi-annual report, for more details of operating results, financial
condition and future development plan of the Company; investors should found in the full-text that published on
media appointed by CSRC.
Whole directors of the Company attend the Board Meeting for report deliberation.
Prompt of non-standard audit opinion
□ Applicable      √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the
Board in the reporting period
□ Applicable      √ Not applicable
There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the
Company
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable      √ Not applicable


II. Company profile

1. Company Profile

Short form of the stock          Weifu High- Tech, Su Weifu-B            Stock code                    000581, 200581

Stock exchange for listing       Shenzhen Stock Exchange

       Person/Way to contact                 Secretary of the Board                         Rep. of security affairs

Name                             Zhou Weixing                                  Yan Guohong

Office add.                      No.5, Huashan Road, Xinwu District, Wuxi City No.5, Huashan Road, Xinwu District, Wuxi City

Tel.                             0510-80505999                                 0510-80505999
E-mail                           wfjt@public1.wx.js.cn                         wfjt@public1.wx.js.cn




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                                                                        无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要



2. Main financial data and indexes

Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No

                                                   Current period            Same period of last year          Changes over last year

Operating income (RMB)                                4,403,444,346.05                 4,960,801,890.99                              -11.24%
Net profit attributable to shareholders of the
                                                      1,256,661,577.09                 1,545,242,704.92                              -18.68%
listed company (RMB)

Net profit attributable to shareholders of the
listed company after deducting                        1,114,094,824.74                 1,378,865,501.57                              -19.20%
non-recurring gains and losses (RMB)

Net cash flow arising from operating
                                                        690,323,908.25                    378,923,690.48                             82.18%
activities (RMB)

Basic earnings per share (RMB/Share)                                  1.25                          1.53                             -18.30%
Diluted earnings per share (RMB/Share)                                1.25                          1.53                             -18.30%
Weighted average ROE                                              7.60%                           9.92%                               -2.32%
                                                 Current period-end           period-end of last year       Changes over end of last year

Total assets (RMB)                                   22,334,489,303.82                20,892,041,460.30                               6.90%
Net assets attributable to shareholder of
                                                     15,997,076,128.08                15,913,828,778.82                               0.52%
listed company (RMB)


3. Number of shares and share-holding

                                                                                                                                   In Share
Total common stock shareholders in                          Total preference shareholders with voting rights
                                                   60,037                                                                                     0
reporting period-end                                        recovered at end of reporting period (if applicable)

                                                       Top ten shareholders

                                                                                                                         Number of shares
                                                                             Proportion                    Amount of
                                                             Nature of                     Amount of                      pledged/frozen
                Full name of Shareholders                                    of shares                     restricted
                                                            shareholder                    shares held                    State of     Amo
                                                                               held                        shares held
                                                                                                                           share        unt

                                                            State-owned
Wuxi Industry Development Group Co., Ltd.                                      20.22% 204,059,398
                                                            corporate

                                                            Foreign
ROBERT BOSCH GMBH                                                              14.16% 142,841,400
                                                            corporate

                                                            Foreign
Hong Kong Securities Clearing Company Ltd. (HKSCC)                               5.73% 57,857,357
                                                            corporate

                                                            Foreign
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD                                         1.84% 18,530,315
                                                            corporate




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                                                                      无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要



Bank of Communication – HSBC Jixin Double Core
                                                          Other                1.82% 18,331,307
Strategy Mixed Securities Investment Fund
                                                          State-owned
Central Huijin Assets Management Co., Ltd.                                     1.27%    12,811,200
                                                          corporate

China Life Insurance - traditional - general insurance
                                                          Other                1.21% 12,238,898
products - 005L-CT001 Shen
China Life Insurance- Bonus -Individual bonus -
                                                          Other                1.14%    11,459,033
-005L-FH002 Shen
                                                          Foreign
Tianda Assets Management Co., Ltd. - Tianda Global
                                                                               0.97%     9,802,559
Strategy Fund - All China equity fund (Exchange)          corporate

Agricultural Bank of China - CS 500 ETF                   Other                0.69%     7,007,675

                                                                           Among the top ten shareholders, there has no associated
                                                                           relationship between Wuxi Industry Development Croup
                                                                           Co., Ltd. and other shareholders, the first largest
Explanation    on   associated   relationship   among    the   aforesaid
                                                                           shareholder of the Company; and they do not belong to the
shareholders
                                                                           consistent actionist regulated by the Management Measure
                                                                           of Information Disclosure on Change of Shareholding for
                                                                           Listed Company.


4. Changes of controlling shareholders or actual controller

Controlling shareholder changed in the Period
□ Applicable √ Not applicable
Controlling shareholders had no change in reporting period.
Actual controller changed in the Period
□ Applicable √ Not applicable
Actual controller had no change in reporting period.


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


□ Applicable √ Not applicable
The Company has no preferred shareholders


6. Corporate bond


Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without
due on the date when semi-annual report approved for released or fail to cash in full on due:
No




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                                                             无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要



III. Discussion and analysis of operation

1. Operation status in the period


In the first half of 2019, the auto market was generally running at a low level, with a double-digit decline in the
first half of the year. In the face of severe market conditions, the company faced difficulties and strived to seize
market opportunities, took advantage of the trend, strengthened internal management, paid attention to risk
management and control, and strive to ensure the stability of the company's overall economic operation. During
the period, the Company achieved an operation revenue of 4.4 billion Yuan with a y-o-y decrease of 11.24%;
profit amounted to 1.356 billion Yuan, a decrease of 19.3% from a year earlier; the net profit attributable to
owners of parent company amounted as 1.257 billion Yuan, a decrease of 18.68% over same period of last year.
Main work in the first half of the year
1. Figure out the situation, face difficulties, seek opportunities, strive to open up markets, focus on production and
delivery, strive to maintain market share of key products, and ensure the continuous stability of related product
markets. In the first half of the year, the production and sales volume of common rail pumps exceeded 900,000
units;
2. Focus on management quality, make full use of interconnection technologies, strengthen data interconnection and
interoperability, and further enhance the abilities of data collection, analysis and prediction. Continuously improve
manufacturing process management, strengthen flexible and agile production, and realize intelligent deployment
capability of manufacturing process; continuously promote internal management of the company, sort out
management duties, upgrade and optimize standardization of system processes, and optimize organization;
strengthen the group information system security construction, continuously promote the construction of business
project information management platform, and promote the financial sharing center construction, the procurement
sharing platform project construction and the human resources management system platform construction.
Constantly enhance the foundation of the company's development.
3. In order to accelerate the cultivation of the company's new business growth point and accelerate the
transformation and upgrading of the company, the company established SPV (a wholly-owned subsidiary) in
Denmark to acquire a 66% stake in Danish IRD Fuel Cells A/S          held by FCCT ApS, equivalent to 7.26 million
euros. By acquiring the equity of IRD, the company achieved the control of IRD, which is conducive to enhancing
the company's competitiveness in the new energy business market and in line with the company's development
strategy, and lays a good foundation for the company's sustainable, rapid and healthy development and
transformation and upgrading.


2. Matters relevant to financial report


(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the accounting period of last year


√Applicable □Not applicable



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                                                                     无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要



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 implement the above mentioned four accounting standards since 1 Jan. 2019


On April 2019, the Ministry of Finance issued No. 6 Document 2019-“Notice on Amending the 2019 Annual
Financial Statements of General Enterprises”, which revised the financial statement format of general enterprises
in light of the relevant situation in the implementation of enterprise accounting standards.


(2) Particulars about retroactive restatement on major correction for accounting errors in reporting period


□ Applicable   √ Not applicable

The company had no particulars about retroactive restatement on major correction for accounting errors in the
reporting period.


(3) Particulars about the change of consolidation range compared with the accounting period of last year


√Applicable □Not applicable

                                The method of obtaining and handling subsidiaries      The influence to the whole production and
       Company Name
                                            during the report period                                  performance

SPV                             Establishment                                       No change

IRD Fuel Cells A/S              Acquisition                                         No change




                                                                                                  Board of Directors of
                                                                                      Weifu High-Technology Group Co., Ltd.
                                                                                                     27 August 2019




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