无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要 Stock Code: 000581, 200581 Public Notice No: 2019-023 Short Form of the Stock: Weifu High- Tech, Su Weifu-B Weifu High-Technology Group Co., Ltd. Summary of Semi-Annual Report 2019 I. Important Notice The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and future development plan of the Company; investors should found in the full-text that published on media appointed by CSRC. Whole directors of the Company attend the Board Meeting for report deliberation. Prompt of non-standard audit opinion □ Applicable √ Not applicable Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting period □ Applicable √ Not applicable There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the Company Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period □ Applicable √ Not applicable II. Company profile 1. Company Profile Short form of the stock Weifu High- Tech, Su Weifu-B Stock code 000581, 200581 Stock exchange for listing Shenzhen Stock Exchange Person/Way to contact Secretary of the Board Rep. of security affairs Name Zhou Weixing Yan Guohong Office add. No.5, Huashan Road, Xinwu District, Wuxi City No.5, Huashan Road, Xinwu District, Wuxi City Tel. 0510-80505999 0510-80505999 E-mail wfjt@public1.wx.js.cn wfjt@public1.wx.js.cn 1 无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要 2. Main financial data and indexes Whether it has retroactive adjustment or re-statement on previous accounting data □Yes √ No Current period Same period of last year Changes over last year Operating income (RMB) 4,403,444,346.05 4,960,801,890.99 -11.24% Net profit attributable to shareholders of the 1,256,661,577.09 1,545,242,704.92 -18.68% listed company (RMB) Net profit attributable to shareholders of the listed company after deducting 1,114,094,824.74 1,378,865,501.57 -19.20% non-recurring gains and losses (RMB) Net cash flow arising from operating 690,323,908.25 378,923,690.48 82.18% activities (RMB) Basic earnings per share (RMB/Share) 1.25 1.53 -18.30% Diluted earnings per share (RMB/Share) 1.25 1.53 -18.30% Weighted average ROE 7.60% 9.92% -2.32% Current period-end period-end of last year Changes over end of last year Total assets (RMB) 22,334,489,303.82 20,892,041,460.30 6.90% Net assets attributable to shareholder of 15,997,076,128.08 15,913,828,778.82 0.52% listed company (RMB) 3. Number of shares and share-holding In Share Total common stock shareholders in Total preference shareholders with voting rights 60,037 0 reporting period-end recovered at end of reporting period (if applicable) Top ten shareholders Number of shares Proportion Amount of Nature of Amount of pledged/frozen Full name of Shareholders of shares restricted shareholder shares held State of Amo held shares held share unt State-owned Wuxi Industry Development Group Co., Ltd. 20.22% 204,059,398 corporate Foreign ROBERT BOSCH GMBH 14.16% 142,841,400 corporate Foreign Hong Kong Securities Clearing Company Ltd. (HKSCC) 5.73% 57,857,357 corporate Foreign BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 1.84% 18,530,315 corporate 2 无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要 Bank of Communication – HSBC Jixin Double Core Other 1.82% 18,331,307 Strategy Mixed Securities Investment Fund State-owned Central Huijin Assets Management Co., Ltd. 1.27% 12,811,200 corporate China Life Insurance - traditional - general insurance Other 1.21% 12,238,898 products - 005L-CT001 Shen China Life Insurance- Bonus -Individual bonus - Other 1.14% 11,459,033 -005L-FH002 Shen Foreign Tianda Assets Management Co., Ltd. - Tianda Global 0.97% 9,802,559 Strategy Fund - All China equity fund (Exchange) corporate Agricultural Bank of China - CS 500 ETF Other 0.69% 7,007,675 Among the top ten shareholders, there has no associated relationship between Wuxi Industry Development Croup Co., Ltd. and other shareholders, the first largest Explanation on associated relationship among the aforesaid shareholder of the Company; and they do not belong to the shareholders consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. 4. Changes of controlling shareholders or actual controller Controlling shareholder changed in the Period □ Applicable √ Not applicable Controlling shareholders had no change in reporting period. Actual controller changed in the Period □ Applicable √ Not applicable Actual controller had no change in reporting period. 5. Total preferred shareholders and top 10 shares held by preferred shareholders □ Applicable √ Not applicable The Company has no preferred shareholders 6. Corporate bond Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when semi-annual report approved for released or fail to cash in full on due: No 3 无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要 III. Discussion and analysis of operation 1. Operation status in the period In the first half of 2019, the auto market was generally running at a low level, with a double-digit decline in the first half of the year. In the face of severe market conditions, the company faced difficulties and strived to seize market opportunities, took advantage of the trend, strengthened internal management, paid attention to risk management and control, and strive to ensure the stability of the company's overall economic operation. During the period, the Company achieved an operation revenue of 4.4 billion Yuan with a y-o-y decrease of 11.24%; profit amounted to 1.356 billion Yuan, a decrease of 19.3% from a year earlier; the net profit attributable to owners of parent company amounted as 1.257 billion Yuan, a decrease of 18.68% over same period of last year. Main work in the first half of the year 1. Figure out the situation, face difficulties, seek opportunities, strive to open up markets, focus on production and delivery, strive to maintain market share of key products, and ensure the continuous stability of related product markets. In the first half of the year, the production and sales volume of common rail pumps exceeded 900,000 units; 2. Focus on management quality, make full use of interconnection technologies, strengthen data interconnection and interoperability, and further enhance the abilities of data collection, analysis and prediction. Continuously improve manufacturing process management, strengthen flexible and agile production, and realize intelligent deployment capability of manufacturing process; continuously promote internal management of the company, sort out management duties, upgrade and optimize standardization of system processes, and optimize organization; strengthen the group information system security construction, continuously promote the construction of business project information management platform, and promote the financial sharing center construction, the procurement sharing platform project construction and the human resources management system platform construction. Constantly enhance the foundation of the company's development. 3. In order to accelerate the cultivation of the company's new business growth point and accelerate the transformation and upgrading of the company, the company established SPV (a wholly-owned subsidiary) in Denmark to acquire a 66% stake in Danish IRD Fuel Cells A/S held by FCCT ApS, equivalent to 7.26 million euros. By acquiring the equity of IRD, the company achieved the control of IRD, which is conducive to enhancing the company's competitiveness in the new energy business market and in line with the company's development strategy, and lays a good foundation for the company's sustainable, rapid and healthy development and transformation and upgrading. 2. Matters relevant to financial report (1) Particulars about the changes in aspect of accounting policy, estimates and calculation method compared with the accounting period of last year √Applicable □Not applicable 4 无锡威孚高科技集团股份有限公司 2019 年半年度报告摘要 In 2017, the Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments and Accounting Standards for Business Enterprises No. 23 - Transfer of Financial Assets , Accounting Standards for Business Enterprises No. 24 - Hedge Accounting, and the Accounting Standards for Business Enterprises No. 37 – Financial Instruments Presentation, and the domestic listed companies are required to put the relevant accounting standards of new financial instruments into force from January 1, 2019. The Company implement the above mentioned four accounting standards since 1 Jan. 2019 On April 2019, the Ministry of Finance issued No. 6 Document 2019-“Notice on Amending the 2019 Annual Financial Statements of General Enterprises”, which revised the financial statement format of general enterprises in light of the relevant situation in the implementation of enterprise accounting standards. (2) Particulars about retroactive restatement on major correction for accounting errors in reporting period □ Applicable √ Not applicable The company had no particulars about retroactive restatement on major correction for accounting errors in the reporting period. (3) Particulars about the change of consolidation range compared with the accounting period of last year √Applicable □Not applicable The method of obtaining and handling subsidiaries The influence to the whole production and Company Name during the report period performance SPV Establishment No change IRD Fuel Cells A/S Acquisition No change Board of Directors of Weifu High-Technology Group Co., Ltd. 27 August 2019 5