无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2014
October 2014
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
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.
All directors of the Company are attended the Meeting for quarterly report deliberation.
Chen Xuejun, Principal of the Company; Ou Jianbin, 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 authentic, accurate and complete.
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Current period-end Period-end of last year Increase/decrease
Total assets(RMB) 14,346,248,073.37 13,074,232,730.91 9.73%
Net assets attributable to shareholders
10,580,140,292.42 9,600,765,223.81 10.20%
of listed company (RMB)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RMB) 1,487,640,940.87 10.04% 5,017,460,796.50 18.59%
Net profit attributable to shareholders of
398,867,023.62 47.58% 1,239,452,818.86 54.50%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 362,049,812.07 39.42% 1,183,664,714.99 53.77%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-- -- 708,265,073.50 30.09%
activities(RMB)
Basic earnings per share (RMB/Share) 0.39 50.00% 1.21 53.16%
Diluted earnings per share (RMB/Share) 0.39 50.00% 1.21 53.16%
Weighted average ROE 3.81% 0.87% 12.22% 3.33%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin
Item Note
to end of the Period
Gains/losses from the disposal of non-current asset (including the write-off that accrued for
307,094.95
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 enterprise’s 10,198,355.11
business)
Gains/losses from entrusted investment or assets management 62,052,828.12
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Other non-operating income and expenditure except for the aforementioned items -4,509,557.79
Less: impact on income tax 10,186,100.24
Impact on minority shareholders’ equity (post-tax) 2,074,516.28
Total 55,788,103.87 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Statement of the total common shareholders and shares-held of top ten common shareholders at end of
the Period
In Share
Total common shareholders in reporting period 46,117
Shares-held of top ten common shareholders
Number of share
Proportion Amount of
Nature of Amount of pledged/frozen
Shareholders of shares restricted
shareholder shares held State of Amoun
held shares held
share t
WUXI INDUSTRY DEVELOPMENT GROUP State-owned
20.00% 204,059,398 54,026,400
CO., LTD. corporate
ROBERT BOSCH GMBH Foreign corporate 14.00% 142,841,400 115,260,600
Domestic non
CCB—Bosera Theme Industry Securities
state-owned 1.80% 18,370,733
Investment Fund
corporate
China Construction Bank－Fullgoal Tianbo Domestic non
Innovation Theme Stock Securities Investment state-owned 1.78% 18,203,072
Fund corporate
Domestic non
National Social Security Fund-103 portfolio state-owned 1.51% 15,354,520
corporate
BBH BOS S/A FIDELITY FD - CHINA
Foreign corporate 1.46% 14,931,279
FOCUS FD
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Domestic non
National Social Security Fund-106 portfolio state-owned 1.08% 10,998,775
corporate
Domestic non
Bank of Communications – Fullgoal Tianyi
state-owned 0.89% 9,044,698
Value Securities Investment Fund
corporate
China Minsheng Banking Corp. Ltd.- Yinhua Domestic non
Shenzhen Stock 100 Index Classification state-owned 0.65% 6,648,366
Securities Investment Fund corporate
Domestic non
National Social Security Fund-116 portfolio state-owned 0.65% 6,646,870
corporate
Particular about top ten common shareholders with un-restrict shares held
Amount of un-restrict Type of shares
Shareholders
common shares held Type Amount
WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD. 150,032,998 RMB common shares 150,032,998
Domestically listed
ROBERT BOSCH GMBH 27,580,800 27,580,800
foreign shares
CCB—Bosera Theme Industry Securities Investment Fund 18,370,733 RMB common shares 18,370,733
China Construction Bank－Fullgoal Tianbo Innovation Theme
18,203,072 RMB common shares 18,203,072
Stock Securities Investment Fund
National Social Security Fund-103 portfolio 15,354,520 RMB common shares 15,354,520
Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 14,931,279 14,931,279
foreign shares
National Social Security Fund-106 portfolio 10,998,775 RMB common shares 10,998,775
Bank of Communications – Fullgoal Tianyi Value Securities
9,044,698 RMB common shares 9,044,698
Investment Fund
China Minsheng Banking Corp. Ltd.- Yinhua Shenzhen Stock
6,648,366 RMB common shares 6,648,366
100 Index Classification Securities Investment Fund
National Social Security Fund-116 portfolio 6,646,870 RMB common shares 6,646,870
Among the top ten shareholders, there has no associated
relationship between Wuxi Industry Development Group Co., Ltd.
and other shareholders, the first largest shareholder of the
Company; and they do not belong to the consistent actionist
Explanation on related relationship or concerted action among
regulated by the Management Measure of Information Disclosure
the abovementioned shareholders
on Change of Shareholding for Listed Company.
Fullgoal Tianbo Innovation Theme Stock Securities Investment
Fund and Fullgoal Tianyi Value Security Investment Fund shares
the same fund manager –Fullgoal Fund Management Co., Ltd.
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The shareholders of the Company have no buy-back agreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings in Period-end
□Applicable √Not applicable
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
(I) Impact on consolidated statement of the Company from revised or new Accounting Standards for Business Enterprise
In line with relevant rules in Accounting Standards for Business Enterprise No.2- Long-term equity investment
revised in 2014, as for the ―long-term equity investment‖ which the Company has no common control or
significant influence on the invested unit and without quotation in active market, whose fair value could not be
able to measured surely, concluded in Accounting Standards for Business Enterprise No.22- Recognition and
Measurement of Financial Instruments and listed in item of ―financial assets available for sale‖ for calculation
instead of ―long-term equity investment‖. The adjustment exercise since 1 July 2014 and RMB 202,940,000 in
total are involved in book, consolidated balance sheet at period-end and amount of balance sheet of parent
company at beginning of the Year have adjusted correspondingly.
(II) Particular about major changes from financial indexes as well as reasons
1. Accounts receivables: Increased RMB 336,224,700 over that of year-begin at end of the Period with 29.68
percent up, mainly due to the growth of sales income;
2. Account paid in advance: Increased RMB 237,587,900 over that of year-begin at end of the Period with 136.23
percent up, mainly because follow-up investment for national IV products increased.
3. Interest receivable: Decreased RMB 46,200,000 over that of year-begin, mainly because deposit receipt on due
and interest receivables collected.
4. Dividends receivable: Decreased RMB 22,937,000 over that of year-begin, mainly because register capital has
increased by transferring from rests of the retained profit of RBCD for year of 2012.
5. Other receivable: Increased RMB 6,402,900 over that of year-begin, mainly due to the growth of the rental fee
receivable.
6. Financial assets available for sale: Increased RMB 154,299,600 over that of year-begin at end of the Period
with 31.62 percent up, mainly because investment for Shanghai Chengding Detong in the Year and fair value of
the financial assets available for sale increased.
7. Investment held-to-maturity: Increased RMB 130 million over that of year-begin at end of the Period with 32.5
percent up, mainly because un-matured financing at period-end increased over that of year-beginning.
8. Long-term equity investment: Increased RMB 767,058,200 over that of year-begin at end of the Period with
30.44 percent up, mainly because the profit of the shareholding enterprise RBCD increased greatly.
9. Projects under construction: Increased RMB 248,963,300 over that of year-begin at end of the Period with
124.82 percent up, mainly because investment for Weifu Industry Park construction increased;
10. Notes payable: Increased RMB 166,496,000 over that of year-begin at end of the Period with 43.42 percent
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
up, mainly because settlement business with note payables increased;
11. Investment income: Increased RMB 341,211,500 over same period of last year at Period with 73.69 percent
up, mainly because the profit of the shareholding enterprise increased greatly;
12. Asset impairment loss: Increased RMB 13,580,200 over same period of last year at Period, mainly because
accrual for inventory impairment losses increased;
13. Non-operating revenue: Increased RMB 4,193,700 over same period of last year, mainly due to the
confirmation of government relocation compensation;
14. Net cash flow arising from operation activities: Increased RMB 163,839,800 over same period of last year at
reporting Period with 30.09 percent up, mainly due to the growth of sales income;
15. Net cash flow arising from investment activities: RMB 133,251,000 decreased over same period of last year
at reporting Period, mainly because net cash out flow from trust financing decreased over same period of last year,
meanwhile, investment for Weifu industry park and Ningbo Tianli new plant district increased in the Period;
16. Net cash flow arising from financing activities: Increased RMB 549,556,900 over same period of last year,
mainly because short-term loans increased at same period of last year, and short-term loans cuts down in the
Period, dividend for shareholders increased in the Year.
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
√ Applicable □Not applicable
Progress of part of the projects with fund raised:
1. WAPS research development and industrial diesel common rail system components capacity enhancement project
Currently, with the promotion of emission standards of National IV, common rail products have complete cover the market of
National IV, the common rail components matching the Bosch diesel common rail products are in short supply, therefore, the
Company rapid up the capacity improvement for common rail parts at present for components involved in the project with diesel
common rail system.
2. The construction of industry park project
Project are in a successfully progress, and star to remove in September 2014 and expected complete in June 2015.
3. Battery material of engines and R&D of battery project
Due to an uncertainty in aspect of technology and policy, therefore, the Company was prudent for this project and continued to
follow development of power battery and would make decisions if needed.
Disclosure
Overview Query index for interim notice
date
On 21 January 2012, the Reply on Approval of Private Placement under
the name of WFHT( Zheng Jian Xu Ke [2012] No.109) was approved and
issued by CSRC, approved the Company to offering 112,858,000 new
The ‖Report on Private Placement and
shares at most privately. Jiangsu Gongzheng issued the ―Capital
Announcement of Listing (Summary)‖
Verification Report Su Gong W [2012] No. B 006‖ on 10 February 2012: 2012-02-28
(Notice No.: 2012-12) published on
ended as 10 February 2012, WFHT has offered 112,858,000 RMB
Juchao Website(www.cninfo.com.cn)
common shares (A-share), fund raised amounting as 2,866,028,910.00
Yuan, net amount of fund raised amounting as 2,850,124,252.93 Yuan
excluding the distribution costs15,904,657.07 Yuan.
The Proposal of Changing the Fund-raised Projects Investment Plan was 2013-03-28 ― Notice of Changing the Fund-raised
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
deliberated and approved by 9th meeting of 7th session of the Board held Projects Investment Plan‖ (Notice No.:
on 26 March 2013 and Annual General Meeting 2012 dated 23 May 2013-007) released on Juchao Website
2013. The amount invested in industrialization of tail treatment system (www.cninfo.com.cn)
project changed from 260 million Yuan originally to 340 million Yuan,
―Resolution Notice of AGM of 2012‖
the parts adjusted will funding with self-owned capital.
2013-05-24 released on Juchao Website
(www.cninfo.com.cn)
‖ Special Report on Fund-raised Deposit
and Use of Funds for year of 2012‖
Special Report on Fund-raised Deposit and Use of Funds for year of 2012 2013-03-28
released on Juchao Website
(www.cninfo.com.cn)
―Special Report on Fund-raised Deposit
and Use of Funds for year of 2013
Special Report on Fund-raised Deposit and Use of Funds for year of 2013 2014-04-15
―released on Juchao Website
(www.cninfo.com.cn)
―Special Report on Fund-raised Deposit
Special Report on Fund-raised Deposit and Use of Funds for fist half year and Use of Funds for fist half year of
2014-08-30
of 2014 2014‖ published on Juchao Website
(www.cninfo.com.cn)
III. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or made in previous period and extending to reporting period
√ Applicable □Not applicable
Comm
Commitment Dated for
Commitments Contents itment Implementation
party commitment
term
In order to promote the listed
company’s steady and healthy
development, fully mobilize senior
executives so as to ensure to combine Commitments fulfilled. The
Wuxi Industry
the interests of the governance and ―Unfulfilled Commitment of Share
Development
shareholders of the Company, Weifu Merger Reform Made by Majority
Group Co.,
Industry Group committed: after Shareholder and Proposal of Changing
Share Merger Ltd.
Weifu High-tech finishing Share 2006-04-05 the Management Incentive Mechanism
Reform (hereinafter
Merger Reform, under related Plan of WFHT‖ and ―Implementation
referred to as
regulations of the state and Wuxi Method of Incentive Fund‖ were
―Industry
government in terms of governance deliberated and approved by AGM of
Group‖)
encouragement system of listed 2013 held on 20 June 2014
company, the Group would the stock
incentive plan for management level
of Weifu High-tech.
Commitments
in report of
acquisition or
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
equity change
Commitments
in assets
reorganization
The privately offering of the
WUXI
Company totally issue 112,858,000
INDUSTRY
A-shares to substantial shareholder
Commitments DEVELOPM
Wuxi Industry Group and foreign
in initial ENT GROUP
strategy investor ROBERT BOSCH Implementing
public offering CO., LTD. and
GMBH. The above said shares are
or refinancing ROBERT
listed for trading in Shenzhen Stock
BOSCH
Exchange since 29 February 2012
GMBH
with 36-month restriction
Other
commitments
to minority
shareholders
of the
Company
Completed on
Yes
time or not
Detail reasons
for
un-compleme
Not applicable
nt and further
plan(if
applicable)
IV. Estimation of operation performance for year of 2014
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. Particular about security investment
√ Applicable □Not applicable
Amount of Proporti Propor Gains
Short
Variet Amount of tion of Book value at and loss
stock-holdi on of
Code of form Initial stock-holdin Account Sourc
y of ng at the stock-ho g at the end stock- the end of the in the
securitie of investment ing e of
securit cost(RMB) beginning lding at of the period holdin period reportin
s securit subject stock
ies of the the (Share) g at (RMB) g
ies
period beginnin the (RMB)
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
(Share) g of the end of
period the
period
Financia
Subsc
1,397,12 l assets
Stock 600841 SDEC 199,208,000.00 23,680,000 2.73% 23,680,000 2.73% 282,976,000.00 riptio
0.00 available
n
for sales
Miracl Financia
Subsc
e l assets
Stock 002009 69,331,500.00 9,300,000 2.90% 9,300,000 2.90% 156,333,000.00 riptio
Logisti available
n
cs for sales
1,397,12
Total 268,539,500.00 32,980,000 -- 32,980,000 -- 439,309,000.00 -- --
0.00
Disclosure date of
2012-03-24
securities investment
2013-06-04
approval from the Board
Disclosure date of
securities investment
approval from
Shareholders’ Meeting
(if applicable)
Explanation on equity of other listed company held
□ Applicable √ Not applicable
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Time Place Way Type Reception Contents discussed and material provided
From July to Office of
Written Public Answer investors on-line via interactive platform for investors
September the Individual
inquiry investor (http://irm.p5w.net/dqhd/sichuan/)
of 2013 Board
From July to Telephone
Office of Public
September communic Individual Basic condition of the Company and the market
the Board investor
of 2013 ation
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Weifu High-Technology Group Co., Ltd.
In RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,075,995,997.72 2,447,555,672.40
Settlement provisions
Capital lent
Financial assets measured by fair value and whose change is recorded in
current gains and losses
Notes receivable 1,048,447,575.93 1,090,280,233.40
Accounts receivable 1,469,060,117.90 1,132,835,466.09
Accounts paid in advance 411,989,282.17 174,401,410.49
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 5,238,660.97 51,438,634.58
Dividend receivable 22,937,046.01
Other receivables 17,889,155.22 11,486,223.97
Purchase restituted finance asset
Inventories 1,043,677,574.64 986,790,491.70
Divided into assets held ready for sales
Non-current asset due within one year
Other current assets 1,366,992,415.34 1,580,056,398.02
Total current assets 7,439,290,779.89 7,497,781,576.66
Non-current assets:
Granted loans and advances
Finance asset available for sales 642,249,000.00 487,949,400.00
Held-to-maturity investment 530,000,000.00 400,000,000.00
Long-term account receivable
Long-term equity investment 3,286,618,881.27 2,519,560,708.20
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Investment property 3,082,718.71 3,424,363.44
Fixed assets 1,491,794,106.85 1,471,037,804.88
Construction in progress 448,426,625.98 199,463,338.80
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 366,575,376.94 360,284,868.85
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 14,303,456.68 16,331,775.24
Deferred income tax asset 122,123,040.26 116,614,808.05
Other non-current asset
Total non-current asset 6,906,957,293.48 5,576,451,154.25
Total assets 14,346,248,073.37 13,074,232,730.91
Current liabilities:
Short-term loans 303,000,000.00 399,500,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Financial liability measured by fair value and with variation reckoned
into current gains/losses
Notes payable 549,914,358.82 383,418,397.65
Accounts payable 1,665,503,462.97 1,476,781,979.39
Accounts received in advance 38,238,671.97 42,297,015.90
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 315,782,683.82 295,838,993.71
Taxes payable 40,864,225.72 43,814,597.61
Interest payable 2,497,400.00 996,716.67
Dividend payable
Other accounts payable 88,123,615.88 87,324,894.86
Reinsurance payables
Insurance contract reserve
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Security trading of agency
Security sales of agency
Divided into liability held ready for sale
Non-current liabilities due within 1 year
Other current liabilities 37,470,523.06 26,314,544.23
Total current liabilities 3,041,394,942.24 2,756,287,140.02
Non-current liabilities:
Long-term loans 60,000,000.00 60,000,000.00
Bonds payable
Long-term account payable 19,191,818.00 19,191,818.00
Special accounts payable 18,265,082.11 25,655,817.40
Projected liabilities
Deferred income tax liabilities 34,150,059.65 19,938,394.40
Other non-current liabilities 198,519,040.61 195,506,040.61
Total non-current liabilities 330,126,000.37 320,292,070.41
Total liabilities 3,371,520,942.61 3,076,579,210.43
Owner’s equity (or shareholders’ equity):
Paid-in capital (or share capital) 1,020,200,992.00 1,020,200,992.00
Capital public reserve 3,775,200,882.46 3,729,042,104.57
Less: Inventory shares
Reasonable reserve 1,078,910.65 1,255,141.19
Surplus public reserve 433,608,687.76 433,608,687.76
Provision of general risk
Retained profit 5,350,050,819.55 4,416,658,298.29
Balance difference of foreign currency translation
Total owner’s equity attributable to parent company 10,580,140,292.42 9,600,765,223.81
Minority interests 394,586,838.34 396,888,296.67
Total owner’s equity(or shareholders’ equity) 10,974,727,130.76 9,997,653,520.48
Total liabilities and owner’s equity(or shareholders’ equity) 14,346,248,073.37 13,074,232,730.91
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
2. Balance Sheet of parent company
Prepared by Weifu High-Technology Group Co., Ltd.
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 1,390,972,416.00 1,485,894,410.54
Financial assets measured by fair value and whose change is recorded in
current gains and losses
Notes receivable 265,942,978.45 348,205,626.83
Accounts receivable 827,885,284.03 665,090,625.52
Accounts paid in advance 313,367,414.66 85,580,666.96
Interest receivable 45,000,000.00
Dividend receivable 21,925,117.50
Other receivables 16,182,619.49 2,907,285.14
Inventories 197,524,083.12 226,017,992.28
Divided into assets held ready for sales
Non-current asset due within one year
Other current assets 1,356,100,000.00 1,562,100,000.00
Total current assets 4,367,974,795.75 4,442,721,724.77
Non-current assets:
Finance asset available for sales 556,309,000.00 402,009,400.00
Held-to-maturity investment 530,000,000.00 400,000,000.00
Long-term account receivable
Long-term equity investment 4,317,934,889.34 3,615,576,088.69
Investment real estate
Fixed assets 649,563,229.47 640,596,120.54
Construction in progress 348,510,082.40 136,613,517.22
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 207,191,464.22 198,885,843.05
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Deferred income tax asset 67,737,046.71 64,315,609.74
Other non-current asset
Total non-current asset 6,677,245,712.14 5,457,996,579.24
Total assets 11,045,220,507.89 9,900,718,304.01
Current liabilities:
Short-term loans 180,000,000.00 220,000,000.00
Financial liability measured by fair value and with variation reckoned
into current gains/losses
Notes payable 338,040,000.00 191,790,000.00
Accounts payable 527,656,394.16 596,257,017.04
Accounts received in advance 2,092,558.60 17,577,849.84
Wage payable 213,332,946.81 183,313,610.02
Taxes payable 23,321,201.05 38,260,172.61
Interest payable 340,511.11
Dividend payable
Other accounts payable 497,947,499.73 219,154,760.28
Divided into liability held ready for sale
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 1,782,390,600.35 1,466,693,920.90
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable 7,390,735.29
Projected liabilities
Deferred income tax liabilities 31,765,425.00 17,470,485.00
Other non-current liabilities 181,898,815.24 181,898,815.24
Total non-current liabilities 213,664,240.24 206,760,035.53
Total liabilities 1,996,054,840.59 1,673,453,956.43
Owner’s equity (or shareholders’ equity):
Paid-up capital (or share capital) 1,020,200,992.00 1,020,200,992.00
Capital public reserve 3,806,406,252.39 3,760,247,474.50
Less: Inventory shares
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Reasonable reserve
Surplus public reserve 433,608,687.76 433,608,687.76
General risk reserve
Retained profit 3,788,949,735.15 3,013,207,193.32
Balance difference of foreign currency translation
Total owner’s equity(or shareholders’ equity) 9,049,165,667.30 8,227,264,347.58
Total liabilities and owner’s equity(or shareholders’ equity) 11,045,220,507.89 9,900,718,304.01
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.
In RMB
Item Amount in this period Amount in last period
I. Total operating income 1,487,640,940.87 1,351,928,410.89
Including: Operating income 1,487,640,940.87 1,351,928,410.89
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,312,656,604.28 1,209,687,827.56
Including: Operating cost 1,103,329,429.64 1,035,031,172.07
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 6,535,649.60 7,914,635.57
Sales expenses 52,222,693.00 62,283,614.82
Administration expenses 157,896,046.25 113,993,492.96
Financial expenses -11,084,792.30 -9,474,434.31
Losses of devaluation of asset 3,757,578.09 -60,653.55
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 267,184,546.38 164,033,965.21
17
无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Including: Investment income on affiliated company and joint venture 223,878,872.26 152,393,541.96
Exchange income (Loss is listed with ―-‖)
III. Operating profit (Loss is listed with ―-‖) 442,168,882.97 306,274,548.54
Add: Non-operating income 3,859,641.70 6,324,153.93
Less: Non-operating expense 2,285,240.85 2,928,550.40
Including: Disposal loss of non-current asset 228,668.42 1,374,209.98
IV. Total Profit (Loss is listed with ―-‖) 443,743,283.82 309,670,152.07
Less: Income tax expense 35,288,023.12 25,591,886.15
V. Net profit (Net loss is listed with ―-‖) 408,455,260.70 284,078,265.92
Including: net profit realized before consolidation by mergered party
Net profit attributable to owner’s of parent company 398,867,023.62 270,275,167.36
Minority shareholders’ gains and losses 9,588,237.08 13,803,098.56
VI. Earnings per share -- --
i. Basic earnings per share 0.39 0.26
ii. Diluted earnings per share 0.39 0.26
VII. Other consolidated income 90,065,490.00 1,387,540.00
Inc: Other comprehensive items un-able to re-classify as gains/losses in later
accounting period
Other comprehensive items able to re-classify as gains/losses in later
90,065,490.00 1,387,540.00
accounting period while regulated conditions are satisfy
VIII. Total comprehensive income 498,520,750.70 285,465,805.92
Total consolidated income attributable to owners of parent company 488,932,513.62 271,662,707.36
Total consolidated income attributable to minority shareholders 9,588,237.08 13,803,098.56
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.
In RMB
Items Amount in this period Amount in last period
I. Operating income 517,972,079.00 602,642,817.02
Less: operating cost 386,348,605.60 522,936,124.01
Operating tax and extras 2,777,273.74 2,706,743.24
Sales expenses 22,033,413.82 42,708,010.83
Administration expenses 55,928,584.91 38,560,234.56
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Financial expenses -8,986,439.47 -7,007,166.35
Losses of devaluation of asset
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 271,587,469.74 155,523,589.92
Including: Investment income on affiliated company and joint venture 212,033,195.62 141,354,290.67
II. Operating profit (Loss is listed with ―-‖) 331,458,110.14 158,262,460.65
Add: Non-operating income 1,063,336.50 426,961.33
Less: Non-operating expense 1,222,893.86 778,115.47
Including: Disposal loss of non-current asset 200,029.09 247,866.65
III. Total Profit (Loss is listed with ―-‖) 331,298,552.78 157,911,306.51
Less: Income tax expense 15,726,594.73 3,548,668.16
IV. Net profit (Net loss is listed with ―-‖) 315,571,958.05 154,362,638.35
V. Earnings per share -- --
i. Basic earnings per share 0.31 0.15
ii. Diluted earnings per share 0.31 0.15
VI. Other consolidated income 90,065,490.00 1,387,540.00
Inc: Other comprehensive items un-able to re-classify as gains/losses in later
accounting period
Other comprehensive items able to re-classify as gains/losses in later
90,065,490.00 1,387,540.00
accounting period while regulated conditions are satisfy
VII. Total comprehensive income 405,637,448.05 155,750,178.35
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
5. Consolidated profit statement (from year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd.
In RMB
Item Amount in this period Amount in last period
I. Total operating income 5,017,460,796.50 4,230,893,417.07
Including: Operating income 5,017,460,796.50 4,230,893,417.07
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 4,444,485,749.66 3,778,815,116.84
Including: Operating cost 3,771,877,067.09 3,256,437,266.87
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
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 28,478,923.99 26,354,055.41
Sales expenses 154,817,020.49 143,602,844.67
Administration expenses 502,135,922.70 389,085,608.50
Financial expenses -26,394,748.95 -36,656,025.09
Losses of devaluation of asset 13,571,564.34 -8,633.52
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 804,235,128.36 463,023,635.72
Including: Investment income on affiliated company and joint venture 740,065,180.24 425,865,715.89
Exchange income (Loss is listed with ―-‖)
III. Operating profit (Loss is listed with ―-‖) 1,377,210,175.20 915,101,935.95
Add: Non-operating income 12,810,876.42 8,617,146.39
Less: Non-operating expense 10,220,267.79 7,974,953.97
Including: Disposal loss of non-current asset 529,211.98 3,099,678.26
IV. Total Profit (Loss is listed with ―-‖) 1,379,800,783.83 915,744,128.37
Less: Income tax expense 101,025,495.97 77,630,154.80
V. Net profit (Net loss is listed with ―-‖) 1,278,775,287.86 838,113,973.57
Including: net profit realized before consolidation by mergered party
Net profit attributable to owner’s of parent company 1,239,452,818.86 802,229,001.58
Minority shareholders’ gains and losses 39,322,469.00 35,884,971.99
VI. Earnings per share -- --
i. Basic earnings per share 1.21 0.79
ii. Diluted earnings per share 1.21 0.79
VII. Other consolidated income 46,154,660.00 67,177,115.00
Inc: Other comprehensive items un-able to re-classify as gains/losses in later
accounting period
Other comprehensive items able to re-classify as gains/losses in later
46,154,660.00 67,177,115.00
accounting period while regulated conditions are satisfy
VIII. Total comprehensive income 1,324,929,947.86 905,291,088.57
20
无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Total consolidated income attributable to owners of parent company 1,285,607,478.86 869,406,116.58
Total consolidated income attributable to minority shareholders 39,322,469.00 35,884,971.99
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 (from year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Operating income 1,844,445,452.98 1,873,529,245.65
Less: operating cost 1,440,730,621.14 1,606,632,409.16
Operating tax and extras 9,724,114.61 9,939,746.41
Sales expenses 78,725,825.66 86,084,661.37
Administration expenses 207,933,872.05 151,817,684.67
Financial expenses -22,038,566.08 -36,358,227.40
Losses of devaluation of asset -3,209,342.25 129,551.83
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 980,841,065.23 643,106,637.09
Including: Investment income on affiliated company and joint venture 704,449,974.28 389,300,513.20
II. Operating profit (Loss is listed with ―-‖) 1,113,419,993.08 698,390,056.70
Add: Non-operating income 7,963,528.24 1,088,637.97
Less: Non-operating expense 7,375,954.04 2,277,481.59
Including: Disposal loss of non-current asset 372,654.20 357,140.33
III. Total Profit (Loss is listed with ―-‖) 1,114,007,567.28 697,201,213.08
Less: Income tax expense 32,204,727.85 13,384,281.73
IV. Net profit (Net loss is listed with ―-‖) 1,081,802,839.43 683,816,931.35
V. Earnings per share -- --
i. Basic earnings per share 1.06 0.67
ii. Diluted earnings per share 1.06 0.67
VI. Other consolidated income 46,154,660.00 67,177,115.00
Inc: Other comprehensive items un-able to re-classify as gains/losses in later
accounting period
Other comprehensive items able to re-classify as gains/losses in later
46,154,660.00 67,177,115.00
accounting period while regulated conditions are satisfy
VII. Total comprehensive income 1,127,957,499.43 750,994,046.35
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
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 (from year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd.
In 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 services 5,552,102,605.47 4,404,230,677.13
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 34,316,438.53 27,420,842.02
Other cash received concerning operating activities 101,771,085.60 96,880,878.07
Subtotal of cash inflow arising from operating activities 5,688,190,129.60 4,528,532,397.22
Cash paid for purchasing commodities and receiving labor service 3,665,071,299.99 2,974,534,741.57
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 612,437,677.51 443,132,619.73
Taxes paid 394,015,610.16 328,145,950.10
Other cash paid concerning operating activities 308,400,468.44 238,293,819.87
Subtotal of cash outflow arising from operating activities 4,979,925,056.10 3,984,107,131.27
Net cash flows arising from operating activities 708,265,073.50 544,425,265.95
II. Cash flows arising from investing activities:
22
无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Cash received from recovering investment 1,332,000,000.00 1,205,000,000.00
Cash received from investment income 90,639,263.16 67,137,423.51
Net cash received from disposal of fixed, intangible and other long-term
1,724,292.12 9,159,964.38
assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 1,424,363,555.28 1,281,297,387.89
Cash paid for purchasing fixed, intangible and other long-term assets 621,434,862.25 225,253,842.72
Cash paid for investment 1,350,000,000.00 1,776,781,500.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units -18,719,339.18
Other cash paid concerning investing activities 21,696,270.59
Subtotal of cash outflow from investing activities 1,993,131,132.84 1,983,316,003.54
Net cash flows arising from investing activities -568,767,577.56 -702,018,615.65
III. Cash flows arising from financing activities
Cash received from absorbing investment 3,047,322.07 9,120,000.00
Including: Cash received from absorbing minority shareholders’ investment
3,047,322.07 9,120,000.00
by subsidiaries
Cash received from loans 488,000,000.00 703,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 491,047,322.07 712,120,000.00
Cash paid for settling debts 584,500,000.00 369,000,000.00
Cash paid for dividend and profit distributing or interest paying 356,832,575.76 243,509,217.09
Including: Dividend and profit of minority shareholder paid by subsidiaries 34,510,268.89 25,916,954.92
Other cash paid concerning financing activities 339,091.00
Subtotal of cash outflow from financing activities 941,332,575.76 612,848,308.09
Net cash flows arising from financing activities -450,285,253.69 99,271,691.91
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -310,787,757.75 -58,321,657.79
Add: Balance of cash and cash equivalents at the period -begin 2,288,739,620.44 2,432,803,698.08
VI. Balance of cash and cash equivalents at the period -end 1,977,951,862.69 2,374,482,040.29
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
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无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
8. Cash Flow Statement of parent company (from year-begin to end of this period)
Prepared by Weifu High-Technology Group Co., Ltd.
In 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 services 2,057,832,113.72 2,094,691,380.29
Write-back of tax received
Other cash received concerning operating activities 83,057,944.76 44,095,178.82
Subtotal of cash inflow arising from operating activities 2,140,890,058.48 2,138,786,559.11
Cash paid for purchasing commodities and receiving labor service 1,168,619,492.62 1,125,818,935.16
Cash paid to/for staff and workers 249,928,493.66 189,950,280.34
Taxes paid 138,747,129.11 120,213,086.07
Other cash paid concerning operating activities 115,016,964.99 115,204,193.68
Subtotal of cash outflow arising from operating activities 1,672,312,080.38 1,551,186,495.25
Net cash flows arising from operating activities 468,577,978.10 587,600,063.86
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,326,000,000.00 1,205,000,000.00
Cash received from investment income 303,146,146.85 283,785,627.57
Net cash received from disposal of fixed, intangible and other long-term
738,019.18 412,793.94
assets
Net cash received from disposal of subsidiaries and other units 26,901,043.14
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 1,656,785,209.17 1,489,198,421.51
Cash paid for purchasing fixed, intangible and other long-term assets 471,209,628.62 108,733,722.59
Cash paid for investment 1,353,169,578.60 1,799,063,187.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 11,506,727.79
Subtotal of cash outflow from investing activities 1,835,885,935.01 1,907,796,909.59
Net cash flows arising from investing activities -179,100,725.84 -418,598,488.08
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 260,000,000.00 420,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 260,000,000.00 420,000,000.00
Cash paid for settling debts 300,000,000.00 200,000,000.00
24
无锡威孚高科技集团股份有限公司 2014 年第三季度报告全文
Cash paid for dividend and profit distributing or interest paying 315,062,362.58 210,589,709.61
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 615,062,362.58 410,589,709.61
Net cash flows arising from financing activities -355,062,362.58 9,410,290.39
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -65,585,110.32 178,411,866.17
Add: Balance of cash and cash equivalents at the period -begin 1,422,429,501.73 1,524,564,526.97
VI. Balance of cash and cash equivalents at the period -end 1,356,844,391.41 1,702,976,393.14
Legal representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institution: Ou Jianbin
II. Audit report
Whether the third quarter report was audited or not
□Yes √No
The 3rd quarter report of the Company has not been audited
Board of Directors of
Weifu High-Technology Group Co., Ltd.
Chairman: ____________
Chen Xuejun
25 October 2014
25
