无锡威孚高科技集团股份有限公司 2020 年半年度报告摘要
Stock Code: 000581, 200581 Public Notice No: 2020-041
Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Summary of Semi-Annual Report 2020
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 WFHT, 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
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) 6,594,403,624.56 4,403,444,346.05 49.76%
Net profit attributable to shareholders of the
1,326,344,424.98 1,256,661,577.09 5.55%
listed company (RMB)
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无锡威孚高科技集团股份有限公司 2020 年半年度报告摘要
Net profit attributable to shareholders of the
listed company after deducting non-recurring 1,175,574,728.86 1,114,094,824.74 5.52%
gains and losses (RMB)
Net cash flow arising from operating
437,657,072.41 690,323,908.25 -36.60%
activities (RMB)
Basic earnings per share (RMB/Share) 1.32 1.25 5.60%
Diluted earnings per share (RMB/Share) 1.32 1.25 5.60%
Weighted average ROE 7.80% 7.60% 0.20%
Current period-end period-end of last year Changes over end of last year
Total assets (RMB) 24,755,340,246.43 23,958,348,185.78 3.33%
Net assets attributable to shareholder of listed
16,922,892,215.78 16,990,405,136.62 -0.40%
company (RMB)
3. Number of shares and share-holding
In Share
Total common stock shareholders in Total preference shareholders with voting rights
59,709 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
ROBERT BOSCH GMBH Foreign
14.16% 142,841,400
corporate
Foreign
Hong Kong Securities Clearing Company Ltd. (HKSCC) 5.60% 56,509,620
corporate
Foreign
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 1.84% 18,530,315
corporate
Central Huijin Assets Management Co., Ltd. State-owned
1.27% 12,811,200
corporate
Foreign
Monetary Authority of Macao - own fund 0.88% 8,923,416
corporate
Basic Pension Insurance Fund- 1003 Other 0.83% 8,420,995
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP Foreign
0.77% 7,725,486
FUND corporate
NSSF - 413 Other 0.62% 6,300,027
NSSF - 103 Other 0.59% 5,999,932
Among the top ten shareholders, there has no associated relationship
between Wuxi Industry Development Croup Co., Ltd. and other
Explanation on associated relationship among the
shareholders, the first largest shareholder of the Company; and they do
aforesaid shareholders not belong to the consistent actionist regulated by the Management
Measure of Information Disclosure on Change of Shareholding for
Listed Company.
Shareholders involving margin business (if applicable) Not applicable
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无锡威孚高科技集团股份有限公司 2020 年半年度报告摘要
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
III. Discussion and analysis of operation
1. Operation status in the period
(i) Overall situation
This year, affected by the novel coronavirus pneumonia epidemic, the company and the industry are facing huge
challenges. At the beginning of the epidemic, the government issued a series of policies to control the spread of
the epidemic, which forced companies to suspend work and production, and the poor social logistics system
seriously affected the supply of raw materials and components and the products sales of the company. In response
to the above-mentioned difficulties and challenges, the company has taken corresponding measures to respond
actively,when the local epidemic was initially controlled, it speeded up the resumption of work and production,
and ensured to neglect neither prevention and control of the epidemic nor production and operation.From the
formal resumption of work on February 10 to the end of February, the company's resumption rate reached 80%,
which basically met the needs of production. After the epidemic was basically controlled, the state issued a series
of policies to stimulate economic recovery, which strongly promoted the recovery of the industry. In the face of
positive policy signals, the company seized the opportunity to quickly organize the purchase of imported raw
materials and important parts required by the company, ensuring the company’s production and operation needs in
the second quarter and enabling the company to effectively resist the negative impact of the epidemic. Compared
with the same period last year, the company's various economic indicators maintained good growth. During the
reporting period, the company achieved operating income of 6.594 billion yuan, an increase of 49.76% over the
same period last year; realized profits of 1.404 billion yuan, an increase of 3.49% over the same period last year;
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无锡威孚高科技集团股份有限公司 2020 年半年度报告摘要
realized net profit attributable to owners of the parent company of 1.326 billion yuan, an increase of 5.55%over
the same period last year.
(ii) Main work carried out in the first half of the year
1. Actively responded to challenges, seized market opportunities, and ensured sales growth. The epidemic at the
beginning of the year brought severe challenges to the industry and the company. The company adjusted its
response strategies in a timely manner, actively promoted the implementation progress of key projects in key
customers, increased the market shares of the three major business segments, and ensured the sales growth of the
three major business products, and realized significant growth in operating income for the first half of the year.
2. Intensified technological research and development and promoted the development of new products. Gasoline
supercharger products have gradually realized mass production in major customer projects; exhaust gas
after-treatment system products have completed the encapsulation development of CN-VI GPF catalyst products
for core customers on passenger cars, and achieved mass supply, and the development of WSP2.0 encapsulation
platform have been in progress on commercial vehicles, all phases of tests were completed on schedule; the design,
trial production and testing of functional samples of core components for new energy products were completed ,
and we mastered the basic research and development capabilities.
3. Consolidated lean production and built an information-based manufacturing system. Actively improved the
construction and in-depth application of Weifu's intelligent manufacturing platform, and promoted the large-scale
application of cloud computing and 5G. Currently, uploading the application to the cloud is in the implementation
process. The construction plan design of 5G factory has been completed, the construction of Aris process
management platform has been completed, and the unified process modeling has been established, integrating
various management elements to form an integrated and visual process management model.
4. Improved cost control capabilities, standardized and unified cost center setting rules, and clarified cost
responsibility subjects and authorization approval mechanisms. Built an asset management system, optimized
asset quality, optimized financial structure, reduced working capital, optimized credit management system,
combined credit and customer ratings, and controlled bad debts from the source; deepened the construction of
PSSC sharing platform: the optimization plans for all special subjects of indirect material business PSSC system
were completed, the first phase of the company’s full coverage of the direct material business PSSC system has
been completed and launched. Reorganized the entire procurement process, and initially established a process map
of the entire procurement process. Established the bottom line of strict compliance, integrated risk management
into process construction, and gradually realized the risk management concept of integrating risk control
compliance elements into the process system by identifying key risk control points in the process and integrating
the management process and management risk.
5. Improved the strategic planning system and actively deployed new businesses. Focusing on the company's
strategic planning system, implemented strategic planning management functions, established strategic planning
and investment specialized committees, strategic planning work organizations and expert database organizations,
basically established the company's medium and long-term strategic development master plan, and decomposed,
implemented, tracked and evaluated the strategic planning. Promoted the implementation of new business plans,
initially formulated product plans for hydrogen fuel cells, conducted market research on key customers, and
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无锡威孚高科技集团股份有限公司 2020 年半年度报告摘要
promoted IRD capacity planning.
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
In accordance with the relevant requirements of the Accounting Standards for Business Enterprises No.
14-Revenue (CK [2017] No. 22) issued by the Ministry of Finance on July 5, 2017, the company made
corresponding changes and adjustments to the new revenue standards. The details are as follows:
1. Incorporate the current revenue and construction contract standards into a unified revenue recognition model;
2. Use the transfer of control rights instead of the transfer of risk rewards as the criterion for determining the point
in time of revenue recognition;
3. Identify each individual performance obligation contained in the contract and recognize revenue separately
when performing it;
4. Provide clearer guidance for the accounting treatment of contracts that include multiple transaction
arrangements;
5. Regulations are explicitly stipulated for the revenue recognition and measurement of certain specific
transactions (or events).
(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
No changes in the scope of the consolidated statements during the reporting period.
Board of Directors of
Weifu High-Technology Group Co., Ltd.
25 August 2020
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