Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2012
Stock Code: 000581, 200581 Notice No.: 2012-028
Short Form of the Stock: Weifu High-Tech, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2012
§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 Other directors are attended the Meeting for quarterly report deliberation except for the follow
directors:
Name of absent Title for absentee Reasons for absent Name of entrustee
Rudolf Maier Director Business trip Chen Yudong
Wang Weiliang Director Business trip Chen Xuejun
1.3 The First Quarterly Financial Report of 2012 has not been audited by CPAs.
1.4 Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge of Accounting Works
and Person in Charge of Accounting Organ(Accounting Supervisor) hereby confirm that the
Financial Report of the First Quarterly Report is true and complete.
§2. Company Profile
2.1 Main accounting highlights and financial indexes:
Unit: RMB
Changes of
At the end of the At the period-end
increase/decr
report period of the last year
ease (%)
Total assets (RMB) 10,504,347,309.51 7,929,217,436.19 32.48
Owners’ equity attributable to shareholders of
8,232,929,040.93 5,064,060,401.35 62.58
the listed company (RMB)
Total share capital (Share) 680,133,995.00 567,275,995.00 19.89
Net asset per share attributable to shareholders
12.10 8.93 35.50
of listed company (RMB/Share)
Changes of
In the report The same period
increase/decr
period of last year
ease (%)
Total operating income (RMB) 1,340,401,162.00 1,617,839,294.12 -17.15
Net profit attributable to shareholders of the
247,112,386.65 290,729,479.27 -15.00
listed company (RMB)
Net cash flow arising from operating activities
135,895,279.94 -107,850,912.52
(RMB)
Net cash flow arising from operating activities
0.20 -0.19
per share (RMB/Share)
Basic earnings per share (RMB/Share) 0.41 0.51 -19.61
Diluted earnings per share (RMB/Share) 0.41 0.51 -19.61
Weighted average return on equity (%) 4.03 6.84 -2.81
Weighted average return on equity after
4.01 6.84 -2.83
deducting non-recurring gains and losses (%)
1
Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2012
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Amount in
Remarks (If
Items of non-recurring gains and losses year-begin to the end
applicable)
of report period
Gains and losses from the disposal of non-current asset 1,385,856.03
Other non-operating income and expenditure except for the
235,717.56
aforementioned items
Impact on income tax -398,079.84
Influenced amount of minority shareholders’ equity -68,454.81
Total 1,155,038.94 -
2.2 Total number of shareholders at the end of the report period and shares held by the top
ten shareholders with unrestricted conditions
Unit: Share
Total number of shareholdersat the end of report period 33,405
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable
shares with
Full Name of shareholder unrestricted Type of shares
conditions held at the
end of report period
WUXI INDUSTRY DEVELOPMENT CROUP
28,363,800 RMB common share
CO., LTD.
China Construction Bank- Fullgoal Tianbo
20,000,000 RMB common share
Innovation Theme Stock Fund,
Domestically listed
ROBERT BOSCH GMBH 18,387,200
foreign share
GUOTAI JUNAN SECURITIES(HONGKONG) Domestically listed
12,733,479
LIMITED foreign share
Domestically listed
GAOLING FUND,L.P. 12,502,715
foreign share
Domestically listed
DRAGON BILLION CHINA MASTER FUND 10,936,046
foreign share
China Construction Bank- China AMC Advantage
9,103,321 RMB common share
Growth Stock Fund
Agriculture Bank of China – Changsheng Tongde
8,805,148 RMB common share
Theme Growth Stock Fund
Bank of Communications—E-fund Kexun Stock
8,600,000 RMB common share
Investment Fund
Bank of Communications—fulgoal Tianyi Value
7,792,449 RMB common share
Stock 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
Administrative expense gains a 37.52% down y-o-y in report period, mainly due to the order in this
first quarter less than same period of last year, the Company strictly control vary expenditures.
Financial expense gains a 57.43% down y-o-y in report period, mainly because privately offering of
2
Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2012
A-stock has completed in February, current capital was supplied and return loans to bank, and then
financial expenses reduced.
Investment income gains a 49.19% down y-o-y in report period, mainly because auto industry market
in first quarter shows totally down over same period of last, major stock jointly enterprise has a
decline in performance, resulted a decrease of investment income.
Current liability has a 24.29% down over that of year-begin, mainly because privately offering of
A-stock has completed in February, current capital was supplied and return loans to bank
Monetary capital gains a 257.10% up over that of year-begin, current assets has 51.3% over that of
year-begin, capital reserve gains 313.52% over that of year-begin, equity attributable to shareholders
of parent company has a 62.58 growth over year-begin and total assets show a 32.48% up over that of
year-begin mainly because privately offering of A-stock has completed, capital raised has fully
funded.
Cash outflow from operating activities have a 29.49% down y-o-y in report period, mainly because
cash paid for goods purchased and labor received decreased.
Cash outflow from investment activities gains a 40.40% up y-o-y in report period, mainly due to the
participation of privately offering of SDEC.
Cash inflow from financing activities has dramatically growth mainly due to the fully funded from
privately offering of A-stock.
3.2 Analysis and explanation of significant events and their influence and solutions
3.2.1 Particular about Qualified Opinion
□Applicable √Inapplicable
3.2.2 Particular about fund offered to shareholder or its related parties by the Company and
external guarantee with procedure violation
□Applicable √Inapplicable
3.2.3 Particular about the significant contract of routine operation signed and implemented
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controller
Commitments make within the report period or persisted to the period by listed company and its
director, supervisor and senior executives, shareholder with over 5 percent shares held and its actual
controller
√Applicable □Inapplicable
Item of Implementati
Promisee Content of commitments
Commitments on
Non-tradable stocks of Weifu Hi-Tech, held by Industry
Group, should not be listed or transferred within 60
months since right of trading obtained. When
The
commitment terms expires, listed for trading in
commitment
Commitments Shenzhen Stock Exchange for original non-tradable
Wuxi Industry in process of
for Share stocks, with total sales amount no more than 5% of total
Development implementati
Merger share capital of Weifu Hi-Tech in 12 months and no
Group Co., Ltd. on and no
Reform more than 10% of total share capital of Weifu Hi-Tech
shares held
in 24 months for sales price of no less than 10 yuan per
reduction.
share(if ex-rights occurred in line with regulations,
calculated based on minimum price of reduction for
ex-rights exercised)
Commitments
made in Inapplicable Inapplicable Inapplicable
Acquisition
3
Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2012
Report or
Reports on
Change in
Interests
Commitments
made in
Material
Inapplicable Inapplicable Inapplicable
Assets
Reorganizatio
n
Wuxi Industry
Totally 112.858 million A-stocks, privately offered to
Development
Commitments largest shareholder Wuxi Industry Group and foreign In process of
Group Co., Ltd.
made in strategy investor ROBERT BOSCH GMBH, have implementati
and ROBERT
issuing listing in Shenzhen Stock Exchange dated 29 February on
BOSCH
2012 with limited sales period of 36 months.
GMBH
In order to promote the listed company’s steady and
The said
healthy development, fully mobilize senior executives
commitment
Other so as to ensure to combine the interests of the
is being
commitments governance and shareholders of the Company, Weifu
Wuxi Industry implemented
(including Industry Group committed: after Weifu High-tech
Development , and would
additional finishing Share Merger Reform, under related
Group Co., Ltd. be performed
commitments regulations of the state and Wuxi government in terms
since related
) of governance encouragement system of listed
policy is
company, the Group would the stock incentive plan for
perfected.
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 Other significant events which need explanations
3.5.1 Particulars about securities investment
√Applicable □Inapplicable
Unit: RMB
Ratio in
total
Amount Gains/lo
Initial security
held at Book value at sses in
Serial Type Code Shot form investment investment
period-end period-end report
amount (RMB) at
(Share) period
period-end
(%)
1 Stock 600841 SDEC 199,208,000.00 14,800,000 270,840,000.00 100.00 0.00
Other security investment held
0.00 - 0.00 0.00 0.00
at period-end
Gains/losses of security
- - - - 0.00
investment sold in report period
Total 199,208,000.00 - 270,840,000.00 100 0.00
Explanation of securities investment
Participated in subscription of SDEC privately offering of A-stocks was deliberated and approved in
23rd Meeting of 6th Session of the Board. Subscribe 14,800,000 shares of SDEC with 13.46 yuan per
4
Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2012
share, a 2.72% in total share capital of SDEC after privately offering. The Company promised not to
transfer the shares within 12 months since subscription, limited sales terms (23 March 2012 to 22
March 2013), book value at period-end amounting to RMB 270,840,000.00.
3.5.2 Registration form for receiving research, communication and interview in the report
period
Type of Contents discussed and
Date Place Method Investor
investors materials supplied
Conference room Spot China Merchants Analysis of market for
2012-03-02 Institution
of the Company research Securities year of 2012
CITIC Securities,
Conference room Spot Analysis of market for
2012-03-07 Institution Ping An
of the Company research year of 2012
Securities
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about derivatives investment held at the end of report period
□Applicable √Inapplicable
Board of Directors of
Weifu High-Technology Group Co., Ltd.
18 April 2012
5
