Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
THE THIRD QUARTERLY REPORT FOR 2012
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 Jinbin, 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 true and complete.
II. Company Profile
(I) Major accounting data and financial indexes
Whether retroactive adjusted on previous financial report or not
□Yes √ No □Not applicable
Increase/decrease in this
2012.9.30 2011.12.31 period-end over period-end
of last year (%)
Total assets (RMB) 10,629,402,367.66 7,929,217,436.19 34.05%
Owners’ equities attributable to the shareholders of
8,362,939,630.54 5,064,060,401.35 65.14%
listed company (RMB)
Share capital (Share) 680,133,995.00 567,275,995.00 19.89%
Net assets per share attributable to the shareholders
12.30 8.93 37.74%
of listed company (RMB/Share)
Increase/decrease Increase/decrease
January-
July- September of over the same over the same
September of
2012 period of the last period of the last
2012
year (%) year (%)
Total operating income (RMB) 1,041,474,977.31 -11.55% 3,664,216,111.31 -17.75%
Net profit attributable to the shareholders of listed
162,685,279.78 -22.89% 608,966,454.76 -28.83%
company (RMB)
Net cash flow arising from operating activities
-- -- 956,097,847.36 532.42%
(RMB)
Net cash flow arising from operating activities per
-- -- 1.41 422.22%
share (RMB/Share)
Basic earnings per share (RMB/Share) 0.24 -35.14% 0.93 -38.41%
Diluted earnings per share (RMB/Share) 0.24 -35.14% 0.93 -38.41%
Weighted average return on equity (%) 1.96% -2.70% 8.08% -11.14%
Weighted average return on equity after deducting
1.78% -2.88% 7.86% -11.24%
non-recurring gains and losses (%)
Items and amount with non-recurring gains/losses deducted
√Applicable □ Not applicable
Amount from year-begin
Item Note
to period-end (RMB)
Gains and losses from disposal of non-current assets 3,150,101.45
Tax refund or exemption out of authorization, with absence of official approval
document or accidentally
Governmental subsidy calculated into current gains and losses(while closely related
with the normal business of the Company, excluding the fixed-amount or 1,915,900.00
fixed-proportion governmental subsidy according to the unified national standard)
Fund occupation expenses received from non-financial enterprises that reckon into
current gains/losses
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Income occurred when investment cost paid by enterprise for obtaining subsidiaries,
associates and joint ventures are lower than its share in fair value of net realizable
assets of invested units
Gains and losses from exchange of non-monetary assets
Gains and losses from entrusted investment or management assets
Various asset impairment reserve provided for force majeure, such as natural disaster
Gains/losses from debt reorganization
Reorganization expenses, such as expenditure for allocation of employees and
integration fee
Gains and losses from excess of transaction which are conducted on a
non-fair-valued basis over its fair value
Current net gains and losses of subsidiaries occurred from combination under the
same control commencing from period-begin to combination date
Gains and losses from contingent events which has no relation with normal business
of the Company
Gains and losses from change of fair values of held-for-transaction financial assets
and financial liabilities except for the effective hedge business related to normal
16,597,777.78
business of the Company, and investment income from disposal of transactional
financial assets and liabilities and financial assets available for sale
Reversal of impairment reserve for account receivable with separate impairment
testing
gains/ losses from external entrustment loans
Gains and losses arising from change of fair value of investment properties whose
follow-up measurement are at fair value
Affect upon current gains/losses arising from the one-off adjustment in subject to
requirement of laws and rules in relation to taxation and accounting
Income from entrusted custody operation
Other non-operating income and expenditure except the abovementioned 15,800.46
Other item that satisfied the definition of non-recurring gains and losses
Influenced amount of minority shareholders’ equity -869,202.82
Impact on income tax -3,418,394.11
Total 17,391,982.76 --
Explanation on “Other item that satisfied the definition of non-recurring gains and losses” and defined
non-recurring gains and losses as recurring gain/loss according to natures and characteristic of self-operation
status
Item Amount involved (RMB) Note
(II) Total shareholders at period-end and top ten shareholders
Total number of shareholders
32,058
at the end of report period
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Amount of unrestricted Type/amount of shares
Shareholders shares held at
period-end Type Amount
Wuxi Industry Development Group Co., Ltd. 56,727,600 RMB common share 56,727,600
China Construction Bank—Fullgoal Tianbo Innovation Theme
21,865,679 RMB common share 21,865,679
Stock Securities Investment Fund
Domestically listed
ROBERT BOSCH GMBH 18,387,200 18,387,200
foreign share
Domestically listed
GAOLING FUND,L.P. 12,502,715 12,502,715
foreign share
Agriculture Bank of China – Changsheng Tongde Theme Growth 10,009,855 RMB common share 10,009,855
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Stock Securities Investment Fund
China Construction Bank – Yinhua Core Value Selected Stock
9,549,938 RMB common share 9,549,938
Investment Fund
Domestically listed
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 9,426,866 9,426,866
foreign share
China Construction Bank – Huaxia Advantage Growth Stock
9,381,079 RMB common share 9,381,079
Securities Investment Fund
Domestically listed
DRAGON BILLION CHINA MASTER FUND 9,298,922 9,298,922
foreign share
Bank of Communications – Fullgoal Tianyi Value Stock Investment
7,868,490 RMB common share 7,868,490
Fund
Explanation on shareholders
III. Significant events
(I) Particulars about material changes in items of main accounting statement and financial
index, and explanations of reasons
√Applicable □Not applicable
Monetary fund: 219.39% growth at period-end over that of year-begin; mainly due to the fund raising in
privately offering in this year.
Other current assets: 1959.86% growth at period-end over that of year-begin mainly due to the trust financing
capital in this year.
Financial assets available for sale: RMB 250.77 million more at period-end than that of year-begin, mainly
due to the privately offering share of SDEC subscribe in this period.
Investment held to maturity: RMB 449 million more at period-end than that of year-begin, mainly due to the
trust financial products purchased in this period.
Short-term loans: RMB 495 million less at period-end than that of year-begin, mainly because part of the
raising fund in privately offering in this period are supplemented the current capital for bank loans paid.
Note payable: 46.75% growth at period-end over that of year-begin mainly because Weifu Jingning has a
new settlement business as note payable.
Taxes payable: 82% down at period-end over that of year-begin mainly because last year’s enterprise income
tax was collected for paid in this period.
Deferred income tax liability: RMB 7.6512 million more at period-end than that of year-begin, mainly
because the privately offering share of SDEC were subscribe by the Company, and the variation of fair value
calculated at closing price are recognized as deferred income tax correspondingly.
Capital reserve: RMB 2781.095 million more at period-end than that of year-begin, mainly because the
privately offering in this period, and the share premium increased correspondingly.
Sales expenses: 77.25% growth at period-end y-o-y mainly due to the growth of three-guarantee expenses.
Financial expenses: IT is a considerable decrease at period-end y-o-y mainly because bank loans were paid in
this period, interest expenses reduce correspondingly; meanwhile, bank interest income growth due to the
increase of monetary fund.
Investment income: 27.67% down at period-end y-o-y mainly because being affected by automobile industry,
profit from Bosch Diesel and Zhonglian Auto Electronic Co., Ltd shows a declined y-o-y.
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
(II) Progress of significant events, their influences, and analysis and explanation of their
solutions
1. Qualified opinion
□Applicable √Not applicable
2. Particular about fund offers to controlling shareholders or associated parties and external
guarantee that against the regulation.
□Applicable √ Not applicable
3. Particular about signing and implementation on significant contracts of ordinary
management.
□Applicable √ Not applicable
4. Other
□Applicable √ Not applicable
(III) Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or extending to reporting period.
√Applicable □Not applicable
Commitm Commitm Implemen
Commitments Accepter Contents
ent date ent term tation
Non-circulating shares of Weifu Hi-tech held by Weifu
Group could not listed or transferred within 60 months
The
since possessing of listing right. After the expiry of the
commitme
commitment period, original non-circulating shares
nt was
would be listed for sale in Shenzhen Stock Exchange,
Commitments for Wuxi Industry being
the proportion of sales volume to total share equity of 2006-04-0
Share Merger Development Group fulfilled
Weifu Hi-tech could not exceed 5% within 12 months 5
Reform Co., Ltd. without
as well as 10% within 24 months, and sales price ought
holdings-r
not to less than RMB 10 per share (the lowest
educing
impairment price of shares holding would be calculated
shares.
ex-right at the same time if share price ought to ex-right
according to regulation).
Commitments in
report of
acquisition or
equity change
Commitments in
assets replacement
The privately offering of the Company totally issue
Wuxi Industry
112,858,000 A-shares to largest shareholder Wuxi
Development Group
Commitments Industry Group and foreign strategy investor ROBERT 2012-02-2 Implemen
Co., Ltd. and 36 months
made in issuing BOSCH GMBH. The above said shares are listed for 9 ting
ROBERT BOSCH
trading in Shenzhen Stock Exchange since 29 February
GMBH
2012 with 36-month restriction
In order to promote the listed company’s steady and The
healthy development, fully mobilize senior executives commitme
so as to ensure to combine the interests of the nt of
Other governance and shareholders of the Company, Weifu arrange
Wuxi Industry
commitments for Industry Group committed: after Weifu High-tech for
Development Group
medium and small finishing Share Merger Reform, under related excitation
Co., Ltd.
shareholders regulations of the state and Wuxi government in terms mechanis
of governance encouragement system of listed m is being
company, the Group would the stock incentive plan for implement
management level of Weifu High-tech. ed, and
4
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
would be
performed
since
related
policy is
released.
Completed on
□Yes □No √Not applicable
time or not
Detail reasons for
un-complement
and further plan
Whether made a
promise to
horizontal
competition and □Yes □No √Not applicable
related
transactions that
resulted or not
Solution term
promised
Solution way
Complementation
(IV) Estimation of operation performance for year of 2012
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason
□Applicable √Not applicable
(V) Particulars about other significant events which needed explanations
1. Particular about security investment
√Applicable □Not applicable
Ratio in total
Gains and
security
Stock Initial investment Amount held at Ending book value losses during
Serial Type Stock Name investment at
Code cost (RMB) period-end (Share) (RMB) report period
period-end
(RMB)
(%)
1 Stock 600841 SDEC 199,208,000.00 23,680,000 250,771,200.00 100% 740,000.00
Other security investment held at
--
period-end
Gains/losses of security investment sold
-- -- -- --
in report period
Total 199,208,000.00 -- 250,771,200.00 100% 740,000.00
Date for disclosure of approval by the
2012-03-24
Board
Date for disclosure of approval by the
Shareholders’ Meeting
Explanation on security investment
The 23rd meeting of the sixth board of directors of the Company discussed to participate in subscription of SDEC
non-public issuing stock A, subscribe SDEC non-public issuing stock of 14.80 million shares by 13.46 Yuan per
share, occupying 2.72% of total stock. The Company promised not to transfer within 12 months after this
subscription, the restricted stock trade period is from 23rd, March, 2012 to 22nd, March, 2013.
SDEC implemented 2011 annual profit distribution and capitalization of capital reserves program on 4th, June,
2012 (Assign cash 0.50 Yuan per 10 shares, every 10 shares increase by 6 shares after transferring). The Company
holds 23.68 million shares of SDEC at the end of report period.
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
2. Particulars about derivatives investment
□Applicable √Not applicable
3. Particulars about the positions of derivatives investment at the end of report period
□Applicable √Not applicable
4. Registration form of receiving research, communication and interview in the report period
Content discussed and
Date Place Way Type Object
documents provided
Analysis on market of
2012-07-13 Conference room Field research Institution Minsheng Security
2012
Analysis on market of
2012-07-16 Conference room Field research Institution Guodu Security
2012
5. Corporate bond issuance
Whether corporate bond issued or not
□ Yes √ Not
IV. Appendix
(I) Financial statement
Whether consolidated statement or not:
√ Yes □ No
Unless otherwise, currency for this statement refers to CNY (RMB)
1. Consolidated Balance Sheet
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,730,914,003.39 855,053,599.38
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 919,972,616.77 1,227,018,757.27
Accounts receivable 1,008,255,172.40 1,167,123,155.04
Accounts paid in advance 133,506,106.87 183,407,859.04
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 13,220,000.00
Dividend receivable 2,040,000.00
Other receivables 8,667,519.15 11,983,410.88
Purchase restituted finance asset
Inventories 776,565,714.03 883,582,090.78
Non-current asset due within one year
Other current assets 210,827,536.17 10,235,025.21
Total current assets 5,803,968,668.78 4,338,403,897.60
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Non-current assets:
Granted loans and advances
Finance asset available for sales 250,771,200.00
Held-to-maturity investment 449,000,000.00
Long-term account receivable
Long-term equity investment 2,298,490,873.15 1,786,481,972.85
Investment property 3,999,053.91 4,352,211.86
Fixed assets 1,398,023,944.99 1,357,509,509.59
Construction in progress 85,725,836.24 98,288,407.69
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 244,799,259.58 249,921,186.58
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 11,010,602.57 9,144,280.20
Deferred income tax asset 81,828,841.65 83,331,883.03
Other non-current asset
Total non-current asset 4,825,433,698.88 3,590,813,538.59
Total assets 10,629,402,367.66 7,929,217,436.19
Current liabilities:
Short-term loans 495,000,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Transaction financial liabilities
Notes payable 241,110,137.63 164,301,719.94
Accounts payable 1,044,005,372.11 1,297,893,239.74
Accounts received in advance 65,286,067.47 55,289,941.25
Selling financial asset of repurchase
Commission charge and commission
payable
Wage payable 266,916,209.73 278,771,987.97
Taxes payable 13,989,207.84 77,737,123.74
Interest payable 150,000.00 930,000.00
Dividend payable 28,167,307.24 3,444,762.15
Other accounts payable 181,094,428.43 83,991,571.43
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due within 1 year 3,000,000.00
Other current liabilities 37,941,692.99 34,608,609.47
Total current liabilities 1,878,660,423.44 2,494,968,955.69
Non-current liabilities:
Long-term loans
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Bonds payable
Long-term account payable 18,500,909.00 18,840,000.00
Special accounts payable
Projected liabilities
Deferred income tax liabilities 10,341,180.65 2,689,975.40
Other non-current liabilities 76,068,600.00 72,330,000.00
Total non-current liabilities 104,910,689.65 93,859,975.40
Total liabilities 1,983,571,113.09 2,588,828,931.09
Owner’s equity (or shareholders’ equity):
Paid-in capital (or share capital) 680,133,995.00 567,275,995.00
Capital public reserve 3,677,013,389.52 895,918,416.59
Less: Inventory shares
Reasonable reserve
Surplus public reserve 283,637,997.50 283,637,997.50
Provision of general risk
Retained profit 3,722,154,248.52 3,317,227,992.26
Balance difference of foreign currency
translation
Total owner’s equity attributable to parent
8,362,939,630.54 5,064,060,401.35
company
Minority interests 282,891,624.03 276,328,103.75
Total owner’s equity(or shareholders’ equity) 8,645,831,254.57 5,340,388,505.10
Total liabilities and owner’s equity(or
10,629,402,367.66 7,929,217,436.19
shareholders’ equity)
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
2. Balance Sheet of parent company
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 1,955,969,110.16 189,135,416.49
Transaction finance asset
Notes receivable 398,105,048.21 440,248,528.54
Accounts receivable 578,695,414.88 822,357,590.99
Accounts paid in advance 46,709,816.05 58,227,907.25
Interest receivable 13,220,000.00
Dividend receivable 5,702,088.97
Other receivables 327,934,296.50 167,045,153.49
Inventories 204,627,643.15 296,385,165.44
Non-current asset due within one year
Other current assets 200,000,000.00
Total current assets 3,730,963,417.92 1,973,399,762.20
Non-current assets:
Finance asset available for sales 250,771,200.00
Held-to-maturity investment 449,000,000.00
Long-term account receivable
8
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Long-term equity investment 3,061,763,806.11 2,576,168,955.22
Investment real estate
Fixed assets 674,817,409.11 689,680,279.76
Construction in progress 37,271,578.19 56,239,272.06
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 184,891,890.15 187,843,427.92
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 47,956,761.07 47,881,534.77
Other non-current asset
Total non-current asset 4,706,472,644.63 3,557,813,469.73
Total assets 8,437,436,062.55 5,531,213,231.93
Current liabilities:
Short-term loans 465,000,000.00
Transaction financial liabilities
Notes payable 97,080,000.00 85,000,000.00
Accounts payable 472,154,011.77 632,112,594.66
Accounts received in advance 18,907,963.71 8,150,899.35
Wage payable 182,567,329.13 175,803,158.72
Taxes payable 4,845,596.67 25,748,688.27
Interest payable 780,000.00
Dividend payable
Other accounts payable 328,845,856.28 69,856,690.02
Non-current liabilities due within 1 year
Other current liabilities 524,128.37
Total current liabilities 1,104,924,885.93 1,462,452,031.02
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities 7,734,480.00
Other non-current liabilities 56,590,000.00 56,830,000.00
Total non-current liabilities 64,324,480.00 56,830,000.00
Total liabilities 1,169,249,365.93 1,519,282,031.02
Owner’s equity (or shareholders’ equity):
Paid-up capital (or share capital) 680,133,995.00 567,275,995.00
Capital public reserve 3,705,076,779.50 923,981,806.57
Less: Inventory shares
Reasonable reserve
Surplus public reserve 283,637,997.50 283,637,997.50
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
General risk reserve
Retained profit 2,599,337,924.62 2,237,035,401.84
Balance difference of foreign currency translation
Total owner’s equity(or shareholders’ equity) 7,268,186,696.62 4,011,931,200.91
Total liabilities and owner’s equity(or
8,437,436,062.55 5,531,213,231.93
shareholders’ equity)
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
3. Consolidated Profit Statement (this report period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Item Amount in this period Amount in last period
I. Total operating income 1,041,474,977.31 1,177,452,796.94
Including: Operating income 1,041,474,977.31 1,177,452,796.94
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 960,863,664.69 1,002,449,831.05
Including: Operating cost 802,129,247.84 861,680,958.14
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 6,880,103.74 6,714,043.48
Sales expenses 56,098,086.06 30,743,177.08
Administration expenses 107,659,358.58 91,566,163.73
Financial expenses -10,707,843.03 11,792,584.16
Losses of devaluation of asset -1,195,288.50 -47,095.54
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 106,644,955.93 75,022,890.19
Including: Investment income on affiliated company and joint
88,190,978.15 74,997,890.19
venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) 187,256,268.55 250,025,856.08
Add: Non-operating income 854,045.97 403,307.25
Less: Non-operating expense 1,786,516.15 1,702,616.07
Including: Disposal loss of non-current asset 242,193.61 467,385.87
IV. Total Profit (Loss is listed with “-”) 186,323,798.37 248,726,547.26
Less: Income tax expense 14,910,240.50 27,212,766.11
V. Net profit (Net loss is listed with “-”) 171,413,557.87 221,513,781.15
Including: net profit realized before consolidation by mergered
party
Net profit attributable to owner’s of parent company 162,685,279.78 210,973,144.56
Minority shareholders’ gains and losses 8,728,278.09 10,540,636.59
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Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
VI. Earnings per share -- --
i. Basic earnings per share 0.24 0.37
ii. Diluted earnings per share 0.24 0.37
VII. Other consolidated income -33,412,480.00
VIII. Total comprehensive income 138,001,077.87 221,513,781.15
Total consolidated income attributable to owners of parent
129,272,799.78 210,973,144.56
company
Total consolidated income attributable to minority shareholders 8,728,278.09 10,540,636.59
The merger realized net profit RMB before consolidation during enterprises consolidation under a same control.
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
4. Profit Statement of parent company (this report period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Items Amount in this period Amount in last period
I. Operating income 437,574,406.47 529,338,139.30
Less: operating cost 381,245,769.46 421,558,002.41
Operating tax and extras 2,230,878.09 2,386,616.18
Sales expenses 37,598,731.65 16,394,667.55
Administration expenses 33,693,788.79 20,510,897.22
Financial expenses -11,825,622.08 7,110,094.04
Losses of devaluation of asset
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 117,298,642.62 67,060,669.31
Including: Investment income on affiliated company and joint
78,508,313.43 65,753,121.39
venture
II. Operating profit (Loss is listed with “-”) 111,929,503.18 128,438,531.21
Add: Non-operating income 35,963.69 39,306.18
Less: Non-operating expense 868,074.32 949,488.83
Including: Disposal loss of non-current asset 130,499.91 420,150.69
III. Total Profit (Loss is listed with “-”) 111,097,392.55 127,528,348.56
Less: Income tax expense 1,682,027.22 9,060,587.93
IV. Net profit (Net loss is listed with “-”) 109,415,365.33 118,467,760.63
V. Earnings per share -- --
i. Basic earnings per share
ii. Diluted earnings per share
VI. Other consolidated income -33,412,480.00
VII. Total comprehensive income 76,002,885.33 118,467,760.63
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
5. Consolidated profit statement (year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Item Amount in this period Amount in last period
I. Total operating income 3,664,216,111.31 4,455,012,543.90
Including: Operating income 3,664,216,111.31 4,455,012,543.90
Interest income
11
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Insurance gained
Commission charge and commission income
II. Total operating cost 3,211,225,004.36 3,807,011,260.71
Including: Operating cost 2,737,859,037.97 3,287,902,566.89
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 23,153,157.46 25,134,659.55
Sales expenses 144,020,153.71 81,253,127.70
Administration expenses 328,538,736.12 380,652,812.74
Financial expenses -23,186,592.78 32,062,834.72
Losses of devaluation of asset 840,511.88 5,259.11
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 266,631,500.20 368,633,954.81
Including: Investment income on affiliated company and joint
247,437,522.42 368,608,954.81
venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) 719,622,607.15 1,016,635,238.00
Add: Non-operating income 5,133,034.72 7,688,170.17
Less: Non-operating expense 5,091,476.45 5,899,956.25
Including: Disposal loss of non-current asset 623,365.43 970,822.14
IV. Total Profit (Loss is listed with “-”) 719,664,165.42 1,018,423,451.92
Less: Income tax expense 75,306,283.15 122,557,403.51
V. Net profit (Net loss is listed with “-”) 644,357,882.27 895,866,048.41
Including: net profit realized before consolidation by mergered
party
Net profit attributable to owner’s of parent company 608,966,454.76 855,636,774.06
Minority shareholders’ gains and losses 35,391,427.51 40,229,274.35
VI. Earnings per share -- --
i. Basic earnings per share 0.93 1.51
ii. Diluted earnings per share 0.93 1.51
VII. Other consolidated income 43,828,720.00
VIII. Total comprehensive income 688,186,602.27 895,866,048.41
Total consolidated income attributable to owners of parent
652,795,174.76 855,636,774.06
company
Total consolidated income attributable to minority shareholders 35,391,427.51 40,229,274.35
The merger realized net profit RMB 0.00 before consolidation during enterprises consolidation under a same
control.
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
6. Profit Statement of parent company (year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
12
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Items Amount in this period Amount in last period
I. Operating income 1,585,790,411.66 2,101,482,526.55
Less: operating cost 1,320,563,034.97 1,697,595,595.84
Operating tax and extras 8,130,055.68 7,014,211.95
Sales expenses 93,220,274.61 36,097,114.99
Administration expenses 125,939,093.89 134,830,285.58
Financial expenses -29,509,958.46 19,184,097.69
Losses of devaluation of asset 875,853.27 220,723.62
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 514,367,384.67 334,810,779.55
Including: Investment income on affiliated company and joint
216,311,953.86 333,503,231.63
venture
II. Operating profit (Loss is listed with “-”) 580,939,442.37 541,351,276.43
Add: Non-operating income 72,895.89 3,683,251.55
Less: Non-operating expense 2,561,668.17 2,813,404.76
Including: Disposal loss of non-current asset 434,779.76 625,191.23
III. Total Profit (Loss is listed with “-”) 578,450,670.09 542,221,123.22
Less: Income tax expense 12,107,948.81 55,547,571.76
IV. Net profit (Net loss is listed with “-”) 566,342,721.28 486,673,551.46
V. Earnings per share -- --
i. Basic earnings per share
ii. Diluted earnings per share
VI. Other consolidated income 43,828,720.00
VII. Total comprehensive income 610,171,441.28 486,673,551.46
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
7. Consolidated Cash Flow Statement (year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor
4,710,414,700.68 4,329,025,017.62
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 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 received 33,392,407.84 29,973,329.29
Other cash received concerning operating activities 47,511,713.61 25,918,700.01
Subtotal of cash inflow arising from operating activities 4,791,318,822.13 4,384,917,046.92
13
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
Cash paid for purchasing commodities and receiving labor service 2,864,964,876.78 3,212,136,358.85
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 375,202,013.11 379,198,398.83
Taxes paid 397,827,367.14 461,382,858.72
Other cash paid concerning operating activities 197,226,717.74 181,018,705.38
Subtotal of cash outflow arising from operating activities 3,835,220,974.77 4,233,736,321.78
Net cash flows arising from operating activities 956,097,847.36 151,180,725.14
II. Cash flows arising from investing activities:
Cash received from recovering investment 8,315,700.00
Cash received from investment income 78,126,080.75 303,972,925.48
Net cash received from disposal of fixed, intangible and other
2,214,677.05 7,451,543.81
long-term assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities 1,138,436.51
Subtotal of cash inflow from investing activities 88,656,457.80 312,562,905.80
Cash paid for purchasing fixed, intangible and other long-term
123,407,053.31 491,026,427.40
assets
Cash paid for investment 1,170,673,000.00
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 activities 1,294,080,053.31 491,026,427.40
Net cash flows arising from investing activities -1,205,423,595.51 -178,463,521.60
III. Cash flows arising from financing activities
Cash received from absorbing investment 2,850,124,252.93 9,954,090.00
Including: Cash received from absorbing minority shareholders’
9,954,090.00
investment by subsidiaries
Cash received from loans 570,000,000.00 906,480,514.61
Cash received from issuing bonds
Other cash received concerning financing activities 8,404,657.07
Subtotal of cash inflow from financing activities 3,428,528,910.00 916,434,604.61
Cash paid for settling debts 1,068,000,000.00 634,740,502.33
Cash paid for dividend and profit distributing or interest paying 213,035,352.30 285,752,182.70
Including: Dividend and profit of minority shareholder paid by
4,105,362.15 19,979,087.11
subsidiaries
Other cash paid concerning financing activities 4,593,872.70
Subtotal of cash outflow from financing activities 1,285,629,225.00 920,492,685.03
Net cash flows arising from financing activities 2,142,899,685.00 -4,058,080.42
IV. Influence on cash and cash equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash equivalents 1,893,573,936.85 -31,340,876.88
Add: Balance of cash and cash equivalents at the period -begin 745,778,764.22 465,219,784.67
VI. Balance of cash and cash equivalents at the period -end 2,639,352,701.07 433,878,907.79
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
14
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
8. Cash Flow Statement of parent company (year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd. Unit: RMB
Item Amount in this period Amount in last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor
2,148,677,514.47 2,323,782,970.24
services
Write-back of tax received
Other cash received concerning operating activities 300,682,176.69 26,365,073.28
Subtotal of cash inflow arising from operating activities 2,449,359,691.16 2,350,148,043.52
Cash paid for purchasing commodities and receiving labor
1,325,999,172.73 1,728,083,993.52
service
Cash paid to/for staff and workers 162,321,170.46 152,996,896.02
Taxes paid 144,769,638.10 156,539,249.78
Other cash paid concerning operating activities 336,752,441.48 163,822,709.52
Subtotal of cash outflow arising from operating activities 1,969,842,422.77 2,201,442,848.84
Net cash flows arising from operating activities 479,517,268.39 148,705,194.68
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,340,000.00
Cash received from investment income 353,325,444.81 304,180,441.27
Net cash received from disposal of fixed, intangible and other
906,055.77 6,247,182.89
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 355,571,500.58 310,427,624.16
Cash paid for purchasing fixed, intangible and other long-term
36,702,907.18 317,440,075.60
assets
Cash paid for investment 1,170,673,000.00 156,668,800.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 1,207,375,907.18 474,108,875.60
Net cash flows arising from investing activities -851,804,406.60 -163,681,251.44
III. Cash flows arising from financing activities
Cash received from absorbing investment 2,850,124,252.93
Cash received from loans 570,000,000.00 876,480,514.61
Cash received from issuing bonds
Other cash received concerning financing activities 8,404,657.07
Subtotal of cash inflow from financing activities 3,428,528,910.00 876,480,514.61
Cash paid for settling debts 1,035,000,000.00 604,740,502.33
Cash paid for dividend and profit distributing or interest paying 209,814,205.42 265,773,095.59
Other cash paid concerning financing activities 4,593,872.70
Subtotal of cash outflow from financing activities 1,249,408,078.12 870,513,597.92
Net cash flows arising from financing activities 2,179,120,831.88 5,966,916.69
IV. Influence on cash and cash equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash equivalents 1,806,833,693.67 -9,009,140.07
Add: Balance of cash and cash equivalents at the period -begin 132,135,416.49 85,169,165.70
VI. Balance of cash and cash equivalents at the period -end 1,938,969,110.16 76,160,025.63
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
15
Weifu High-Technology Group Co., Ltd. The Third Quarterly Report for 2012(Full-text)
(II) Auditing Report
Auditing Opinion Un-audited
Text of auditing report
Board of Directors of
Weifu High-technology Group Co., Ltd.
Chairman of the Board: Chen Xuejun
October 27, 2012
16
