Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Stock Code: 000581, 200581 Notice No.: 2013-011
Short Form of the Stock: Weifu High- Tech, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Text of First Quarterly Report 2013
Section I. Important Notes
Board of Directors and the Supervisory Committee of Weifu High-Technology Group Co., Ltd. (hereinafter
referred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are no
any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all
responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
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.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Section II. Main financial data and changes of shareholders
I. Main financial data
Whether has retroactive adjustment or re-statement on financial data of previous’ period in this report or not
□Yes √ No
Changes of this period over
Jan. – March 2013 Jan. – March 2012
same period of last year (%)
Operating income (RMB) 1,334,022,363.78 1,340,401,162.00 -0.48%
Net profit attributable to shareholders of
258,992,721.69 247,112,386.65 4.81%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 239,141,893.37 245,957,347.71 -2.77%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
93,309,331.45 135,895,279.94 -31.34%
activities(RMB)
Basic earnings per share (RMB/Share) 0.38 0.41 -7.32%
Diluted earnings per share (RMB/Share) 0.38 0.41 -7.32%
Weighted average ROE (%) 2.94% 4.03% -1.09%
Changes of this period-end
2013-3-31 2012-12-31 over same period-end of last
year (%)
Total assets (RMB) 11,809,188,961.15 11,055,973,932.34 6.81%
Net assets attributable to shareholder of
8,934,296,356.93 8,655,980,755.24 3.22%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB
Amount from year-begin
Item Note
to period-end
Gains/losses from the disposal of non-current asset (including the write-off that accrued
41,172.27
for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including the subsidy
enjoyed in quota or ration according to national standards, which are closely relevant to 130,000.00
enterprise’s business)
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 business of
22,611,866.44
the Company, and investment income from disposal of transactional financial assets and
liabilities and financial assets available for sale
Other non-operating income and expenditure except for the aforementioned items 650,616.16
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Impact on income tax 3,542,392.45
Impact on minority shareholders’ equity (post-tax) 40,434.10
Total 19,850,828.32 --
II. Total number of shareholders at the end of this report period and top ten shareholders
Unit: Share
Total number of shareholders
30,888
at the end of report period
Top ten shareholders
Number of share
Proportion Amount of
Amount of pledged/frozen
Shareholder’s name Nature of shareholder of shares restricted
shares held State of
held (%) shares held Amount
share
WUXI INDUSTRY DEVELOPMENT State-owned legal
20% 136,039,599 79,311,999
CROUP CO., LTD. person
ROBERT BOSCH GMBH Foreign legal person 14% 95,227,600 76,840,400
Domestic
China Construction Bank- Fullgoal
non-state-owned legal 2.19% 14,880,167
Tianbo Innovation Theme Stock Fund
person
GAOLING FUND,L.P. Foreign legal person 1.69% 11,492,449
Domestic
China Construction Bank- China AMC
non-state-owned legal 1.5% 10,181,020
Advantage Growth Stock Fund
person
Domestic
Bank of Communications—Fullgoal
non-state-owned legal 1.35% 9,214,230
Tianyi Value Stock Investment Fund
person
Domestic
ICBC—E-fund Value Growth Mix
non-state-owned legal 1.23% 8,334,511
Securities Investment Fund
person
BBH BOS S/A FIDELITY FD - CHINA
Foreign legal person 1.19% 8,112,188
FOCUS FD
Domestic
Agriculture Bank of China – Changsheng
non-state-owned legal 1.06% 7,176,960
Tongde Theme Growth Stock Fund
person
China Merchants Bank Co., Domestic
Ltd.—Fullgoal Tianhe Stable Selected non-state-owned legal 0.98% 6,679,482
Stock Securities Investment Fund person
Top ten shareholders with unrestricted shares held
Amount of unrestricted Type of shares
Shareholder’s name
shares held Type Amount
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. 56,727,600 RMB common share
Domestically listed
ROBERT BOSCH GMBH 18,387,200
foreign share
China Construction Bank- Fullgoal Tianbo Innovation Theme Stock
14,880,167 RMB common share
Fund
Domestically listed
GAOLING FUND,L.P. 11,492,449
foreign share
China Construction Bank- China AMC Advantage Growth Stock
10,181,020 RMB common share
Fund
Bank of Communications—Fullgoal Tianyi Value Stock Investment
9,214,230 RMB common share
Fund
ICBC—E-fund Value Growth Mix Securities Investment Fund 8,334,511 RMB common share
Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 8,112,188
foreign share
Agriculture Bank of China – Changsheng Tongde Theme Growth
7,176,960 RMB common share
Stock Fund
China Merchants Bank Co., Ltd.—Fullgoal Tianhe Stable Selected
6,679,482 RMB common share
Stock Securities Investment Fund
Among the top ten shareholders, the Company knew there has
no associated relationship between Wuxi Industry
Development Croup Co., Ltd., the first largest shareholder of
the Company, and other shareholders; and they do not belong
to the consistent actionist regulated by the Management
Explanation on associated relationship among the aforesaid
Measure of Information Disclosure on Change of
shareholders
Shareholding for Listed Company. Fullgoal Tianbo Innovation
Theme Stock Securities Investment Fund, Fullgoal Tianyi
Value Security Investment Fund and Fullgoal Tianhe Stable
Selected Stock Securities Investment Fund shares same fund
manager –Fullgoal Fund Management Co., Ltd.
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
1. Held-to-maturity investment: increasing 30.66% in the report period-end over that of year-begin, mainly due to
the increase of trust financing investment in the period.
2. Short-term loans: increasing 328.57% in the report period-end over that of year-begin, mainly due to the need
of production and management.
3. Notes payable: increasing 33% in the report period-end over that of year-begin, mainly due to the increase of
notes payable settlement business.
4. Tax payable: increasing 146.67% in the report period-end over that of year-begin, mainly because the company
operation interest increased and the associated enterprises income tax payable increased.
5. Financial expense: decreasing RMB 23,941,800 in the report period over the same period of last year, mainly
because monetary fund increased and the associated internet income increased.
6. Investment income: increasing 122.31% in the report period over the same period of last year, mainly because
stock jointly enterprise’ profit increased y-o-y and company’s financial income increased.
7. Other comprehensive income: decreasing 73.02% in the report period over the same period of last year, mainly
because the capital reserved reckoned after deduction of deferred income tax from fair value changes of financial
assets available for sales decreased y-o-y at period-end.
8. Net cash flow from operation activities: decreasing 31.34% in the report period over the same period of last
year, mainly because cash inflow from operation activities decreased y-o-y.
9. Net cash flow from financing activities: decreasing 90.33% in the report period over the same period of last
year, mainly due to the fully funded from privately offering of A-stock in same period of last year.
II. Analysis and explanation of significant events and their influence and solutions
Explanation on part of the projects with fund-raised investment in reporting period:
Industrial park project: owes construction qualification at present and has started to build officially in April.
Industrialization of tail treatment system products: has changes for investment plan involved, the ―Proposal
Report of Change the Investment Plan with Fund-Raised Investment‖ has deliberated and approved in 9th meeting
of 7th session of the Board and should submitted for approval from Shareholders General Meeting.
Date for Information index for temporary
Overview
disclosure report disclosure
On 21 January 2012, the CSRC approve and issue the ―Reply of Approval of ‖Report of Privately Placement and
2012-02-28
Privately Placement of Weifu High-Technology Group Co., Ltd.‖ (Zheng Jian Summary of Listed Company
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Xu Ke [2012] No.: 109) for 112,858,000 new shares offering privately at most. Statement‖ (No.: 2012-12) public on
On 10 February 2012, the ―Capital Verification Report‖ (Su Gong W [2012] Juchao Website
No. B006) was issued by Jiangsu Gongzheng Tianye Certified Public
Accountants Co., Ltd: ended as 10 February 2012, Weifu High-Tech offered
112,858,000 RMB common shares (A-share), total fund raised amounting as
RMB 2,866,028,910.00, and net amount totally raised RMB 2,850,124,252.93
after offering expenses RMB 15,904,657.07 deducted.
―Specific Report of Deposit and
Specific Report of Deposit and Application of Fund Raised for year of 2012 2013-03-28 Application of Fund Raised for year
of 2012‖ public on Juchao Website
―Announcement of Changes for
Investment Plan With Fund Raised
Announcement of Changes for Investment Plan With Fund Raised Investment 2013-03-28
Investment ‖ public on Juchao
Website
III. Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Item of Commitments Promisee Content of commitments Date Term Implementation
Non-circulating shares of Weifu Hi-tech held by Weifu
Group could not listed or transferred within 60 months
since possessing of listing right. After the expiry of the
commitment period, original non-circulating shares The
would be listed for sale in Shenzhen Stock Exchange, the commitment
proportion of sales volume to total share equity of Weifu 2006-04 was being
Hi-tech could not exceed 5% within 12 months as well as -05 fulfilled without
10% within 24 months, and sales price ought not to less holdings-reduci
than RMB 10 per share (the lowest impairment price of ng shares.
Wuxi Industry
shares holding would be calculated ex-right at the same
Development
Share Merger Reform time if share price ought to ex-right according to
Group Co.,
regulation).
Ltd
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 shareholders of the Company, Weifu Industry Group Implemented
2006-04
committed: after Weifu High-tech finishing Share Merger after related
-05
Reform, under related regulations of the state and Wuxi policy released
government in terms of governance encouragement
system of listed company, the Group would the stock
incentive plan for management level of Weifu High-tech.
Commitments in
report of acquisition
or equity change
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
Commitments in
assets reorganization
Wuxi Industry
The privately offering of the Company totally issue
Development
112,858,000 A-shares to substantial shareholder Wuxi
Commitments in Group Co.,
Industry Group and foreign strategy investor ROBERT
initial public offering Ltd and Implementing
BOSCH GMBH. The above said shares are listed for
or refinancing ROBERT
trading in Shenzhen Stock Exchange since 29 February
BOSCH
2012 with 36-month restriction
GMBH
Other commitments to
minority shareholders
of the Company
Completed on time or
Yes
not
Detail reasons for
un-complement and Not-applicable
further plan
Whether made a
promise to horizontal
competition and No
related transactions
that resulted or not
Solution term
Not-applicable
promised
Solution way Not-applicable
Complementation Implementing
IV. Forecast of operation performance from Jan. – June of 2013
Estimation on 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 on reason
□Applicable √Not applicable
V. Securities Investment
Initial Gains
Proportion Amount of Proportion
investment Amount of and
Variety Short cost(RMB) stock-holdi of Book value
Code of of stock-holdi loss in Accounti
of form of ng at the stock-holdi at the end of Source of
securiti the ng
securiti securiti beginning stock-holdi ng at the ng at the the period stock
es reporti subject
es es of the end of the (RMB)
ng at the end of the ng
period period (%)
(RMB)
beginning period
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Weifu High-Technology Group Co., Ltd. Full Text of First Quarterly Report 2013
(Share)
of the (Share)
period (%
Financial
SDEC 199,208,000. 288,422,400. assets Subscripti
Stock 600841 14,800,000 2.72% 23,680,000 2.72% 0.00
00 00 available on
for sales
199,208,000. 288,422,400.
Total 14,800,000 -- 23,680,000 -- 0.00 -- --
00 00
Disclosure date of
securities investment 2012-03-24
approval of Board report
Statement of holding other listed companies’ equity
The company approved participation in the subscription of SDEC non-public offering A share in 23rd Meeting of 6th Session of the
Board, subscribing for SDEC non-public offering stocks 14.8 million shares at the price of RMB 13.46 per share, which proportion in
total stocks after SDEC non-public offering stocks was 2.72%.The company committed no transfer after the subscription in 12
months, restricted period (23 March 2012-22 March 2013).
SDEC implemented the plan of annual profit distribution and converting capital reserve into share capital for 2011 on 4th June
2012.( sending cash of RMB 0.5(tax included) per every 10 shares, converting 6 shares per every 10 shares. In the reporting, the
company held SDEC 23.68 million shares.
VI. Derivative Investment
Derivative investment held at period-end
□Applicable √Not applicable
Explanation
VII. Registration form for receiving research, communication and interview in the report
period
Date Place Method Type of investors Investor Contents discussed and materials supplied
2013-03-28 Telephone communication Institution Institution Annual Report explanation
Board of Director of
Weifu High-Technology Group Co., Ltd
25April 2013
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