Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT FOR 2011
(FULL TEXT)
§1. Important Notes
1.1 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.
1.2 The Third Quarterly Financial Report of 2011 has not been audited by CPAs.
1.3 Wang Weiliang, Principal of the Company; Sun Qingxian, Person in Charge of Accounting
Work; Sun Qingxian, Person in Charge of Accounting Organization (Accounting Officer) hereby
confirm that the Financial Report of the Third Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
In RMB Yuan
Increase/decrease
2011.9.30 2010.12.31
scope (%)
Total assets (RMB) 7,469,258,682.60 6,761,622,809.90 10.47%
Owners’ equities attributable to
the shareholders of listed 4,715,080,099.85 4,106,208,383.62 14.83%
company (RMB)
Share capital (Share) 567,275,995.00 567,275,995.00 0.00%
Net assets per share attributable
to the shareholders of listed 8.31 7.24 14.78%
company (RMB/Share)
Increase/decre
Increase/decreas
ase over the
e over the same
July-Sept. 2011 same period Jan.-Sept. 2011
period of the
of the last
last year (%)
year (%)
Total operating income (RMB) 1,177,452,796.94 -11.22 4,455,012,543.90 12.02%
Net profit attributable to the
shareholders of listed company 210,973,144.56 -29.14 855,636,774.06 38.71
(RMB)
Net cash flow arising from
- - 151,180,725.14 -64.89
operating activities (RMB)
Net cash flow arising from
operating activities per share - - 0.27 -64.47
(RMB/Share)
Basic earnings per share
0.37 -28.85 1.51 38.53
(RMB/Share)
Diluted earnings per share
0.37 -28.85 1.51 38.53
(RMB/Share)
Weighted average return on
4.66% -4.36 19.22% -0.37
equity (%)
Weighted average return on
4.66% -4.35 19.10% -0.38
equity after deducting
1
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
non-recurring gains/losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
In RMB Yuan
Remarks (If
Items of non-recurring gains and losses Amount
applicable)
Gains and losses from the disposal of non-current
3,314,005.81
asset
Governmental subsidy calculated into current gains
and losses, while closely related with the business of
the Company, excluding the fixed-amount or 1,815,300.00
fixed-proportion governmental subsidy according to
the unified national standard
Cost invested for getting subsidiaries, affiliated
corporation and joint corporation is more than
income arising from fair value of recognizable net 1,240,984.11
asset of invested units when getting investment
income
Other non-operating income and expenditure beside
188,796.45
for the aforementioned items
Impact on income tax -931,937.27
Impact on minority shareholders’ equity -420,141.26
Total 5,207,007.84 -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
In Share
Total number of shareholders
36,506
at the end of report period
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Unrestricted shares held at
Full name of shareholder Type of shares
period-end
Wuxi Industry Development Group Co., Ltd. 28,363,800 RMB common share
China Construction Bank—Fuguo Tianbo
Innovation Theme Stock Securities Investment 18,989,869 RMB common share
Fund
Domestically listed
ROBERT BOSCH GMBH 18,387,200
foreign share
GUOTAI JUNAN Domestically listed
13,038,375
SECURITIES(HONGKONG) LIMITED foreign share
Domestically listed
GAOLING FUND,L.P. 12,502,715
foreign share
DRAGON BILLION CHINA MASTER Domestically listed
10,936,046
FUND foreign share
China Construction Bank – Huaxia Advantage
10,884,194 RMB common share
Growth Stock Securities Investment Fund
Bank of Communications – E-fund Science
10,260,006 RMB common share
Stock Securities Investment Fund
Agriculture Bank of China –China Post Core 8,990,507 RMB common share
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
Growth Stock Securities Investment Fund
Agriculture Bank of China – Changsheng
Tongde Theme Growth Stock Securities 6,591,631 RMB common share
Investment Fund
§3. Significant events
3.1 Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable □Inapplicable
Note receivable shows 40.15% up over that of year beginning, mainly results from the soaring
business income.
Account paid in advance shows 41.36% up over that of year beginning, mainly due to the increase of
amount paid in advance for equipments.
Construction in progress shows 208.91% up over that of year beginning, mainly because more
investment in technology reforming and parent company increase more construction in industry zone.
Short-term loans show 100.64% up over that of year beginning, mainly because short-term loans
from bank increased for business operation need.
Note payable shows 44.99% down than that of year beginning, mainly because the note payable has
been paid for expiration.
Account received in advance shows 46.58% up over that of year beginning, mainly results from the
account that received in advance from goods.
Non-operating income shows 499.00% up over same period of last year, mainly due to the increase
of net income from disposal of fixed assets as well as the increase of government grants.
Non-operating expenses show 36.74% down than same period of last year, mainly because net losses
from sales of fixed assets decreased.
Operating profit, total profit and net profit attributable to parent company shows 46.94%, 48.93% and
38.71% respectively than same period of last year, mainly due to the growth of main business and
control in management expenses and sales cost.
Income tax show 201.57% up over same period of last year, mainly results from the soaring profits.
Net cash flow from operating activities show 64.89% down than same period of last year, mainly
because cash paid for goods and for receiving labor increased.
Subtotal of cash in-flow from investment activities show 169.66% up over same period of last year,
mainly because dividend income received from stock-jointly enterprise.
Cash paid for purchasing fixed assets, intangible assets and other long-term assets shows 208.94% up
over same period of last year, mainly because cash paid for purchasing fixed assets increased for
capacity expansion.
Net cash flow arising from financing activities shows 116.81% down than same period of last year,
mainly because cash paid for dividend by the Company increased.
3.2 Progress of significant events, their influences, and analysis and explanation of their
solutions
3.2.1 Qualified opinion
□Applicable √Inapplicable
3.2.2 Particular about fund offers to controlling shareholders or associated parties and
external guarantee that against the regulation.
□Applicable √Inapplicable
3.2.3 Particular about signing and implementation on significant contracts of ordinary
management.
□Applicable √Inapplicable
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
3.2.4 Others
√Applicable □Inapplicable
The Company issued non-public RMB ordinary share (A share) to major shareholder Wuxi Industry
Development Group Co., Ltd (hereinafter referred to as Industry Group) and foreign strategic
investor Germany Robert Bosch Co., Ltd (hereinafter referred to as Bosch Company) which was
reviewed and passed on the 14th and 15th meeting of the 6th session of board of directors as well as
2010 secondary extraordinary shareholders’ general meeting.
On June 29 of 2011, event about bringing foreign strategic investor in this non-public issue program
had obtained principle reply from national commerce department (SZP [2011] No. 678 Reply to that
Commerce Department Agreed that German Robert Bosch Co., Ltd Strategically Invests Wuxi Weifu
High-Tech Group Holding Co., Ltd). Commerce Department agreed in principle that German Robert
Bosch Co., Ltd subscribes non-public RMB ordinary shares (A share) issued by Wuxi Weifu
High-Tech Group Holding Co., Ltd in cash.
Acceptance Notification was received by the Company on 6 July 2011 from CSRC, and the Feedback
Notification obtained on 12 August 2011 from CSRC.
The “proposal of Pre-plan of Non-public placement of the Company (Revised)” was deliberated and
approved by 20th Meeting of 6th Session of the Board.
Presently the program about the non-public issue had been reported to CSRC. Implementation could
be only when CSRC approved it. And the approval finally depends on the decision of China
Securities Supervision Administration Commission.
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments made by the listed company and its directors, supervisors, senior executives, the
shareholders with holding above 5% shares and its actual controller in the report period or lasting
until the report period.
√Applicable □Inapplicable
Commitments Promiser Content of commitments Implementation
Net profit of RMB 8.5 hundred million
gained from 2006 to 2008, among
which RMB 3.4 hundred million
gained in 2008. Base on the circulated
A shares before the Share Merger
Commitments for Wuxi Industry
Reform, additional 0.5 shares
Share Merger Development Implemented
distributed for every 10 shares.
Reform Group Co., Ltd.
Proportion of cash dividend from 2006
to 2008 is not less than 50% of
distributable profit for investors
realized by the Company in current
years.
Commitments
made in
Acquisition Report Inapplicable Inapplicable Inapplicable
or Reports on
Change in Interests
Commitments
made in Material
Inapplicable Inapplicable Inapplicable
Assets
Reorganization
Commitments
Inapplicable Inapplicable Inapplicable
made in issuing
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
In order to promote the listed
company’s steady and healthy
development, fully mobilize senior
executives so as to ensure to combine
the interests of the governance and The aforesaid
Other commitments shareholders of the Company, Weifu commitment is being
Wuxi Industry
(including Industry Group committed: after Weifu implemented, and
Development
additional High-tech finishing Share Merger would be performed
Group Co., Ltd.
commitments) Reform, under related regulations of since related police is
the state and Wuxi government in released.
terms of governance encouragement
system of listed company, the Group
would the stock incentive plan for
management level of Weifu High-tech.
3.4 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 √Inapplicable
3.5 Particulars about the other significant events which needed explanations
3.5.1 Particular about security investment
□Applicable √Inapplicable
3.5.2 Activities on receiving research, communication and interview in the report period
The received Contents discussed and
Date Place Way
parties materials supplied
Conference
Union Life; Operation status and future
2011-07-01 room of the Spot research
Huachuang development of the Company
Company
Conference
CITIC Operation status and future
2011-07-07 room of the Spot research
Securities development of the Company
Company
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
§4. Appendix
4.1 Balance sheet
Prepared by Weifu High-Technology Group Co., Ltd. 30 Sept. 2011 In RMB Yuan
Balance at period-end Balance at year-begin
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 532,766,107.38 111,670,025.63 596,958,764.21 149,943,763.55
Settlement provisions
Capital lent
Transaction finance
asset
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
1,170,625,413.4
Notes receivable 371,261,157.18 835,266,266.32 291,611,147.00
6
1,059,698,079.6
Accounts receivable 604,692,474.08 999,798,439.30 567,607,398.18
0
Accounts paid in
148,676,214.95 31,173,550.49 105,176,780.11 42,468,803.76
advance
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Interest receivable
Dividend receivable 293,937,925.48 286,931,298.97 8,496,690.22
Other receivables 9,286,087.77 155,764,285.72 6,892,216.92 137,067,355.21
Purchase restituted
finance asset
Inventories 871,005,977.34 267,880,344.26 917,694,296.54 277,723,002.78
Non-current asset due
within one year
Other current assets 11,624,005.28 9,210,782.24
4,097,619,811.2 1,829,373,136.3 3,470,997,545.6 1,474,918,160.7
Total current assets
6 3 4 0
Non-current assets:
Granted loans and
advances
Finance asset available
for sales
Held-to-maturity
investment
Long-term account
receivable
Long-term equity 1,658,832,263.1 2,467,090,112.1 1,892,112,152.4 2,558,225,582.6
investment 4 5 6 2
Investment property 4,582,945.50 4,965,879.52
1,124,172,150.1
Fixed assets 540,049,722.60 1,110,068,115.28 538,628,218.28
8
Construction in progress 439,446,522.31 368,773,500.79 142,256,732.63 125,932,175.31
Engineering material
Disposal of fixed asset
Productive biological
asset
Oil and gas asset
Intangible assets 86,981,728.05 26,231,104.11 85,655,823.12 26,733,764.37
Expense on Research
and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to
9,240,503.38 7,473,629.75
be apportioned
Deferred income tax
46,598,671.99 15,980,273.57 46,308,844.71 16,198,870.70
asset
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
Other non-current asset
3,371,638,871.3 3,418,124,713.2 3,290,625,264.2 3,265,718,611.2
Total non-current asset
4 2 6 8
7,469,258,682.6 5,247,497,849.5 6,761,622,809.9 4,740,636,771.9
Total assets
0 5 0 8
Current liabilities:
Short-term loans 541,740,012.28 511,740,012.28 270,000,000.00 240,000,000.00
Loan from central bank
Absorbing deposit and
interbank deposit
Capital borrowed
Transaction financial
liabilities
Notes payable 214,512,149.59 109,230,000.00 389,985,533.69 200,278,487.00
1,171,514,846.7 1,195,053,077.8
Accounts payable 722,769,528.38 766,617,178.72
5 4
Accounts received in
61,962,123.43 25,217,537.39 42,271,899.15 20,438,892.15
advance
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 273,050,098.34 182,501,034.05 269,751,945.96 168,133,427.32
Taxes payable 46,368,015.90 19,372,802.56 107,903,963.31 28,582,184.41
Interest payable 794,885.00 720,000.00 490,000.00 320,000.00
Dividend payable 18,696,539.18
Other accounts payable 83,954,217.50 175,337,438.76 62,501,613.74 56,125,853.06
Reinsurance payables
Insurance contract
reserve
Security trading of
agency
Security sales of agency
Non-current liabilities
due within 1 year
Other current liabilities 30,841,731.90 560,253.18 24,330,259.35
2,424,738,080.6 1,747,448,606.6 2,380,984,832.2 1,480,496,022.6
Total current liabilities
9 0 2 6
Non-current liabilities:
Long-term loans 3,000,000.00 3,000,000.00
Bonds payable
Long-term account
15,670,000.00 15,670,000.00
payable
Special accounts
payable
Projected liabilities 1,481,745.84 1,481,745.84
Deferred income tax
2,679,195.44 2,801,008.40
liabilities
Other non-current 16,705,000.00 13,350,000.00
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
liabilities
Total non-current liabilities 38,054,195.44 1,481,745.84 34,821,008.40 1,481,745.84
2,462,792,276.1 1,748,930,352.4 2,415,805,840.6 1,481,977,768.5
Total liabilities
3 4 2 0
Owner’s equity (or
shareholders’ equity):
Paid-in capital (or share
567,275,995.00 567,275,995.00 567,275,995.00 567,275,995.00
capital)
Capital public reserve 895,918,416.59 923,981,806.57 895,918,416.59 923,981,806.57
Less: Inventory shares
Reasonable reserve
Surplus public reserve 283,637,997.50 283,637,997.50 283,637,997.50 283,637,997.50
Provision of general risk
2,968,247,690.7 1,723,671,698.0 2,359,375,974.5 1,483,763,204.4
Retained profit
6 4 3 1
Balance difference of
foreign currency translation
Total owner’s equity
4,715,080,099.8 3,498,567,497.1 4,106,208,383.6 3,258,659,003.4
attributable to parent
5 1 2 8
company
Minority interests 291,386,306.62 239,608,585.66
5,006,466,406.4 3,498,567,497.1 4,345,816,969.2 3,258,659,003.4
Total owner’s equity
7 1 8 8
Total liabilities and owner’s 7,469,258,682.6 5,247,497,849.5 6,761,622,809.9 4,740,636,771.9
equity 0 5 0 8
4.2 Profit statement in the report period
Prepared by Weifu High-Technology Group Co., Ltd. July-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 1,177,452,796.94 529,338,139.30 1,326,188,298.11 699,629,841.29
Including: Operating income 1,177,452,796.94 529,338,139.30 1,326,188,298.11 699,629,841.29
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 1,002,449,831.05 467,960,277.40 1,156,072,488.96 621,583,870.17
Including: Operating cost 861,680,958.14 421,558,002.41 1,032,907,120.72 557,970,653.80
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
8
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
Reinsurance expense
Operating tax and
6,714,043.48 2,386,616.18 8,718,701.68 3,545,726.20
extras
Sales expenses 30,743,177.08 16,394,667.55 28,771,114.41 16,152,177.11
Administration
91,566,163.73 20,510,897.22 76,125,882.86 32,458,945.36
expenses
Financial expenses 11,792,584.16 7,110,094.04 16,467,058.96 11,846,243.87
Losses of devaluation
-47,095.54 -6,917,389.67 -389,876.17
of asset
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income
75,022,890.19 67,060,669.31 153,288,779.38 145,253,793.27
(Loss is listed with “-”)
Including: Investment
income on affiliated 74,997,890.19 65,753,121.39 153,288,779.38 145,253,793.27
company and joint venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
250,025,856.08 128,438,531.21 323,404,588.53 223,299,764.39
is listed with “-”)
Add: Non-operating
403,307.25 39,306.18 610,562.18 194,657.86
income
Less: Non-operating
1,702,616.07 949,488.83 1,722,891.04 706,173.51
expense
Including: Disposal loss
467,385.87 420,150.69 132,087.93 6,543.67
of non-current asset
IV. Total Profit (Loss is
248,726,547.26 127,528,348.56 322,292,259.67 222,788,248.74
listed with “-”)
Less: Income tax
27,212,766.11 9,060,587.93 15,583,560.30 4,488,649.74
expense
V. Net profit (Net loss is
221,513,781.15 118,467,760.63 306,708,699.37 218,299,599.00
listed with “-”)
Net profit attributable to
210,973,144.56 118,467,760.63 297,725,355.66 218,299,599.00
owner’s of parent company
Minority shareholders’
10,540,636.59 8,983,343.71
gains and losses
VI. Earnings per share
i. Basic earnings per share 0.37 0.21 0.52 0.38
ii. Diluted earnings per share 0.37 0.21 0.52 0.38
VII. Other consolidated
income
VIII. Total consolidated
221,513,781.15 118,467,760.63 306,708,699.37 218,299,599.00
income
Total consolidated income
attributable to owners of 210,973,144.56 118,467,760.63 297,725,355.66 218,299,599.00
parent company
Total consolidated income
10,540,636.59 8,983,343.71
attributable to minority
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
shareholders
The merging party realized net profit of RMB 00.00 before consolidation under same control in this
period.
4.3 Profit statement from year-begin to the end of report period
Prepared by Weifu High-Technology Group Co., Ltd. Jan.-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Total operating income 4,455,012,543.90 2,101,482,526.55 3,976,875,434.09 2,027,554,850.52
Including: Operating income 4,455,012,543.90 2,101,482,526.55 3,976,875,434.09 2,027,554,850.52
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 3,807,011,260.71 1,894,942,029.67 3,640,197,387.05 1,923,381,756.63
Including: Operating cost 3,287,902,566.89 1,697,595,595.84 3,125,962,908.32 1,727,975,055.97
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 25,134,659.55 7,014,211.95 25,010,319.06 9,979,232.93
Sales expenses 81,253,127.70 36,097,114.99 104,027,226.24 53,762,858.07
Administration expenses 380,652,812.74 134,830,285.58 367,432,387.19 117,601,282.35
Financial expenses 32,062,834.72 19,184,097.69 33,906,337.26 24,444,368.87
Losses of devaluation of
5,259.11 220,723.62 -16,141,791.02 -10,381,041.56
asset
Add: Changing income
of fair value(Loss is listed
with “-”)
Investment income
368,633,954.81 334,810,779.55 355,206,778.10 323,446,912.84
(Loss is listed with “-”)
Including: Investment
income on affiliated company 368,608,954.81 333,503,231.63 353,396,778.10 321,636,912.84
and joint venture
Exchange income (Loss
is listed with “-”)
III. Operating profit (Loss
1,016,635,238.00 541,351,276.43 691,884,825.14 427,620,006.73
is listed with “-”)
Add: Non-operating
7,688,170.17 3,683,251.55 1,283,503.52 580,549.69
income
Less: Non-operating
5,899,956.25 2,813,404.76 9,326,777.56 5,679,668.71
expense
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
Including: Disposal loss
970,822.14 625,191.23 4,088,036.60 3,142,925.86
of non-current asset
IV. Total Profit (Loss is
1,018,423,451.92 542,221,123.22 683,841,551.10 422,520,887.71
listed with “-”)
Less: Income tax
122,557,403.51 55,547,571.76 40,639,596.64 7,433,187.14
expense
V. Net profit (Net loss is
895,866,048.41 486,673,551.46 643,201,954.46 415,087,700.57
listed with “-”)
Net profit attributable to
855,636,774.06 486,673,551.46 616,832,817.18 415,087,700.57
owner’s of parent company
Minority shareholders’
40,229,274.35 26,369,137.28
gains and losses
VI. Earnings per share
i. Basic earnings per share 1.51 0.86 1.09 0.73
ii. Diluted earnings per share 1.51 0.86 1.09 0.73
VII. Other consolidated
income
VIII. Total consolidated
895,866,048.41 486,673,551.46 643,201,954.46 415,087,700.57
income
Total consolidated income
attributable to owners of 855,636,774.06 486,673,551.46 616,832,817.18 415,087,700.57
parent company
Total consolidated income
attributable to minority 40,229,274.35 26,369,137.28
shareholders
The merging party realized net profit of RMB 00.00 before consolidation under same control that
occurred from year-begin to end of this period.
4.4 Cash flow statement from year-begin to the end of report period
Prepared by Weifu High-Technology Group Co., Ltd. Jan.-Sept. 2011 In RMB Yuan
Amount in this period Amount in last period
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from
operating activities:
Cash received from
selling commodities and 4,329,025,017.62 2,323,782,970.24 3,595,593,993.52 2,105,209,010.87
providing labor services
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
11
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
reinsurance business
Net increase of insured
savings and investment
Net increase of disposal
of transaction financial asset
Cash received from
interest, commission charge
and commission
Net increase of capital
borrowed
Net increase of returned
business capital
Write-back of tax
29,973,329.29 18,028,224.82
received
Other cash received
concerning operating 25,918,700.01 26,365,073.28 16,481,618.68 5,508,407.70
activities
Subtotal of cash
inflow arising from 4,384,917,046.92 2,350,148,043.52 3,630,103,837.02 2,110,717,418.57
operating activities
Cash paid for
purchasing commodities and 3,212,136,358.85 1,728,083,993.52 2,437,628,830.62 1,618,869,216.55
receiving labor service
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
379,198,398.83 152,996,896.02 318,903,593.76 140,338,833.00
and workers
Taxes paid 461,382,858.72 156,539,249.78 287,132,055.84 107,037,310.66
Other cash paid
concerning operating 181,018,705.38 163,822,709.52 155,899,809.44 74,177,114.92
activities
Subtotal of cash
outflow arising from 4,233,736,321.78 2,201,442,848.84 3,199,564,289.66 1,940,422,475.13
operating activities
Net cash flows arising
151,180,725.14 148,705,194.68 430,539,547.36 170,294,943.44
from operating activities
II. Cash flows arising from
investing activities:
Cash received from 29,970,000.00
12
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
recovering investment
Cash received from
303,972,925.48 304,180,441.27 74,056,484.69 74,056,484.69
investment income
Net cash received from
disposal of fixed, intangible 7,451,543.81 6,247,182.89 11,881,490.69 8,690,023.34
and other long-term assets
Net cash received from
disposal of subsidiaries and
other units
Other cash received
concerning investing 1,138,436.51
activities
Subtotal of cash inflow
312,562,905.80 310,427,624.16 115,907,975.38 82,746,508.03
from investing activities
Cash paid for
purchasing fixed, intangible 491,026,427.40 317,440,075.60 158,940,205.61 81,304,566.67
and other long-term assets
Cash paid for
156,668,800.00 257,743,605.00 221,523,605.00
investment
Net increase of
mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid
concerning investing
activities
Subtotal of cash
outflow from investing 491,026,427.40 474,108,875.60 416,683,810.61 302,828,171.67
activities
Net cash flows arising
-178,463,521.60 -163,681,251.44 -300,775,835.23 -220,081,663.64
from investing activities
III. Cash flows arising from
financing activities
Cash received from
9,954,090.00 2,030,490.00
absorbing investment
Including: Cash
received from absorbing
9,954,090.00 2,030,490.00
minority shareholders’
investment by subsidiaries
Cash received from
906,480,514.61 876,480,514.61 1,514,832,087.88 1,432,609,959.36
loans
Cash received from
issuing bonds
Other cash received
concerning financing
activities
Subtotal of cash inflow
916,434,604.61 876,480,514.61 1,516,862,577.88 1,432,609,959.36
from financing activities
Cash paid for settling 634,740,502.33 604,740,502.33 1,380,595,885.08 1,264,595,885.08
13
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2011(Full-text)
debts
Cash paid for dividend
and profit distributing or 285,752,182.70 265,773,095.59 109,861,219.36 107,381,546.86
interest paying
Including: Dividend
and profit of minority
19,979,087.11
shareholder paid by
subsidiaries
Other cash paid
concerning financing 2,265,668.46
activities
Subtotal of cash
outflow from financing 920,492,685.03 870,513,597.92 1,492,722,772.90 1,371,977,431.94
activities
Net cash flows arising
-4,058,080.42 5,966,916.69 24,139,804.98 60,632,527.42
from financing activities
IV. Influence on cash and
cash equivalents due to
fluctuation in exchange rate
V. Net increase of cash and
-31,340,876.88 -9,009,140.07 153,903,517.11 10,845,807.22
cash equivalents
Add: Balance of cash
and cash equivalents at the 465,219,784.67 85,169,165.70 327,527,351.45 85,790,609.19
period -begin
VI. Balance of cash and cash
equivalents at the period 433,878,907.79 76,160,025.63 481,430,868.56 96,636,416.41
-end
4.5 Auditor’s report
Auditor’s opinions: Un-audited
Board of Directors of
Weifu High-technology Group Co., Ltd.
October 26, 2011
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