无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 Stock Code: 000581, 200581 Notice No.: 2021-019 Short Form of the Stock: Weifu High-Tech, Su Weifu-B Weifu High-Technology Group Co., Ltd. Text of First Quarterly Report 2021 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 should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint. All Directors are attended the Board Meeting for Quarterly Report deliberation Wang Xiaodong, 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 authentic, accurate and complete. 1 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 Section II. Company Profile I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data □Yes √ No Changes of this period over Current Period Same period of last year same period of last year Operating income (RMB) 4,700,158,675.54 2,772,108,717.43 69.55% Net profit attributable to shareholders of 861,572,997.00 549,996,717.72 56.65% the listed company (RMB) Net profit attributable to shareholders of the listed company after deducting 932,554,535.06 495,225,376.36 88.31% non-recurring gains and losses (RMB) Net cash flow arising from operating -229,541,250.49 319,204,809.86 -171.91% activities (RMB) Basic earnings per share (RMB/Share) 0.87 0.55 58.18% Diluted earnings per share (RMB/Share) 0.87 0.55 58.18% Weighted average ROE 4.61% 3.18% 1.43% Changes of this period-end End of this period End of last period over same period-end of last year Total assets (RMB) 28,619,573,993.66 27,350,695,388.21 4.64% Net assets attributable to shareholder of 19,143,233,995.51 18,282,017,990.66 4.71% listed company (RMB) Items of non-recurring gains and losses √ Applicable □ Not applicable In RMB Amount from year-begin Item Note to period-end Gains/losses from the disposal of non-current asset (including the write-off that 1,676,181.25 accrued 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 10,247,700.49 relevant to enterprise’s business) Gains/losses of fair value changes from holding the transaction financial asset, -94,934,860.22 derivative financial assets, transaction financial liability and derivative financial 2 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 liability and investment earnings obtained from disposing the transaction financial asset, derivative financial assets, transaction financial liability, derivative financial liability and other debt investment, except for the effective hedging business related to normal operation of the Company Other non-operating income and expenditure except for the aforementioned items -2,546.17 Less: impact on income tax -12,454,718.08 Impact on minority shareholders’ equity (post-tax) 422,731.49 Total -70,981,538.06 -- 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. Total number of shareholders at the end of this report period and top ten shareholders 1. Common and preferred stockholders with voting rights recover and the top ten share-holding In Share Total common shareholders at the end Total preferred stockholders with voting rights 63,444 0 of report period recover at the end of report period (if applicable) Top ten shareholders Number of share Proportion Amount of Amount of restricted pledged/frozen Nature of Shareholder’s name of shares shareholder shares held shares held held State of Amount share Wuxi Industry Development Group Co., State-owned 20.22% 204,059,398 Ltd. corporate Foreign ROBERT BOSCH GMBH 14.16% 142,841,400 corporate Hong Kong Securities Clearing Foreign 6.36% 64,216,612 Company corporate BBH BOS S/A FIDELITY FD - CHINA Foreign 1.60% 16,093,515 FOCUS FD corporate Central Huijin Assets Management Co., State-owned 1.27% 12,811,200 Ltd. corporate Basic Pension Insurance Fund- 1003 Other 1.09% 10,968,106 3 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 Huatai Financial Holdings (Hong Kong) Foreign 0.79% 7,999,998 Limited-Client fund corporate FIDELITY INVMT TRT FIDELITY Foreign 0.73% 7,339,586 INTL SMALL CAP FUND corporate Monetary Authority of Macao - own Foreign 0.55% 5,521,441 fund corporate State-owned Haitong Securities Co., Ltd. 0.50% 5,001,101 corporate Top ten shareholders with unrestricted shares held Amount of Type of shares Shareholder’s name unrestricted shares Type Amount held Wuxi Industry Development Group Co., Ltd. 204,059,398 RMB common shares 204,059,398 RMB common shares 115,260,600 ROBERT BOSCH GMBH 142,841,400 Domestically listed 27,580,800 foreign shares Hong Kong Securities Clearing Company 64,216,612 RMB common shares 64,216,612 Domestically listed BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 16,093,515 16,093,515 foreign shares Central Huijin Assets Management Co., Ltd. 12,811,200 RMB common shares 12,811,200 Basic Pension Insurance Fund- 1003 10,968,106 RMB common shares 10,968,106 Huatai Financial Holdings (Hong Kong) Limited-Client fund 7,999,998 RMB common shares 7,999,998 Domestically listed FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND 7,339,586 7,339,586 foreign shares Monetary Authority of Macao - own fund 5,521,441 RMB common shares 5,521,441 Haitong Securities Co., Ltd. 5,001,101 RMB common shares 5,001,101 Among the top ten shareholders, the Company knew there has no associated relationship between Wuxi Industry Development Note of related relationship among the above shareholders and Croup Co., Ltd., the first largest shareholder of the Company, concerted actors and other shareholders; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. 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 top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period. 4 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with preferred stock held □ Applicable √ Not applicable 5 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 Section III. Significant Events I. Changes in the main financial data and financial indicators during the reporting period and the reasons √ Applicable □ Not applicable (i) Changes and reasons of items in balance sheet: 1. Accounts receivable in the period-end increased 1377.87 million yuan by comparing with end of last year with 48.78 percent up, mainly due to the increase in sales revenue during the reporting period; 2. Advance payment in the period-end increased 52.69 million yuan by comparing with end of last year with 34.69 percent up, mainly due to the increase in purchases during the reporting period; 3. Other receivables in the period-end decreased 18.02 million yuan by comparing with end of last year with 33.25 percent down, mainly due to the recovery of dividends receivable during the reporting period; 4. Other non-current financial assets in the period-end decreased 540.44 million yuan by comparing with end of last year with 29.93 percent down, mainly due to the more than one year wealth management maturity during the reporting period; 5. Deferred income tax assets in the period-end increased 78.39 million yuan by comparing with end of last year with 39.51 percent up, mainly due to the prepayment of corporate income tax for the investment income and the gains and losses of fair value changes during the reporting period; 6. Short-term loan in the period-end increased 433.10 million yuan by comparing with end of last year with 143.30 percent up, mainly due to the increase in bank borrowings during the reporting period; 7. Contract liabilities in the period-end decreased 39.17 million yuan by comparing with end of last year with 47.93 percent down, mainly due to the settlement of advance payment during the reporting period; 8. Wages payable in the period-end decreased 160.09 million yuan by comparing with end of last year with 48.16 percent down, mainly because paying the employee performance rewards in the reporting period; 9. Taxes payable in the period-end increased 166.03 million yuan by comparing with end of last year with 245.99 percent up, mainly due to the increase in quarterly prepayment of corporate income tax during the reporting period; 10. Non-current liabilities due within one year in the period-end decreased 12.32 million yuan by comparing with end of last year with 33.36 percent down, mainly because the loan repayment at maturity in the reporting period; 11. Other comprehensive income in the period-end decreased 18.89 million yuan, mainly due to the conversion difference of foreign currency statements; (ii) Changes and reasons of items in profit and loss statement: 1. Operating income in the period increased 1928.05 million yuan from a year earlier with 69.55 percent up, mainly due to the rapid growth of the company’s three major system businesses; 2. Operating cost in the period increased 1604.61 million yuan from a year earlier with 71.30 percent up, mainly 6 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 due to the rapid growth of the company’s three major system businesses; 3. R&D expenses in the period increased 44.2 million yuan from a year earlier with 59.15 percent up, mainly because investment in research and development increased during the reporting period; 4. Investment income in the period increased 191.74 million yuan from a year earlier with 52.87 percent up, mainly because the income from joint stock enterprise increased; 5. Gains from changes in fair value in the period decreased 86.54 million yuan from a year earlier, mainly because the fair value of other equity investment, such as Guolian Securities etc. declined from a year earlier; 6. The total profit in the period increased 348.68 million yuan from a year earlier with 58.84 percent up, mainly because benefiting from the boom in the automotive industry, especially the commercial vehicle market, the company's main products are booming in production and sales; (iii) Changes and reasons of items in cash flow statement: 1. Net cash flow arising from operation activity in the period decreased 548.75 million yuan from a year earlier, mainly because the increase in sales revenue and the payment due date has not arrived; 2. Net cash flow arising from investment activity decreased 395.47 million yuan from a year earlier, mainly because the wealth management business has not expired and the cash inflow declined; 3. Net cash flow arising from financing activity increased 707.17 million yuan from a year earlier, mainly due to the payment in 2020 caused by the repurchase of A shares by means of centralized bidding and the bank borrowings during the reporting period increased. II. Analysis and explanation of significant events and their influence and solutions √ Applicable □ Not applicable Parts of the joint-stock enterprise’s equity held by the Company freeze 1. On 6 March 2017, the Company received a legal documents mail from Shenzhen Intermediate people’s Court in Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents, the plaintiff- China Cinda Asset Management Co., Ltd. Shenzhen Branch bring a suit against eight defendants (the Company included) and the third party-Shenzhen Hejun Venture Holding Co., Ltd. (“Hejun Company” for short) for damaged the interests of corporate creditors, totally two cases for suits. Shenzhen Intermediate Court accepted the case and issued the Civil Order of (2016) Yue 03 MC No.2490 and (2016) Yue 03 MC No. 2492, that is, the property under the name of eight defendants are being seal up, detain or freeze-up, totally amounted as 217 million Yuan. Ended as the reporting period, the 4.71 million shares of Miracle and 11,739,102 shares of SDEC held by the Company are being freeze-up. First trial are carried on 24 September 2017, and further session to be advised from the Court. 2. The company has applied to Futian People's Court of Shenzhen for compulsory liquidation with Hejun Company. A Civil Ruling Paper is carried by Futian People's Court of Shenzhen (2017) Yue 0304 QS No.5, that is: implemented compulsory liquidation on Hejun Company. The Company will fully engage with the Court for relevant liquidation works completed, guarantee legitimate interest of the Company. 7 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 Overview Disclosure date Query index for interim notice Parts of the joint-stock March 8, 2017 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn) enterprise’s equity held by the Company freeze December 6, 2017 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn) Implementation progress of shares buy-back □ Applicable √ Not applicable Implementation progress of the reduction of repurchases shares by centralized bidding □ Applicable √ Not applicable III. Commitments non-performance over due in reporting period from committed parties as actual controller, shareholders, related party, acquirer and the Company □Applicable √Not applicable No the above mentioned commitment occurred in the period. IV. Securities Investment √ Applicable □ Not applicable In RMB Prof it and Shor Curr Accou Cumulat Curr loss Variet Cod t ent Initial nting Book value at the Current ive fair ent in Capita y of e of form purc Book value at the Accountin investment measu beginning of the gain/loss of fair value sales the l securit secu of hase end of the period g subject cost rement period value changes changes amo Rep Source ies rities secu amo model in equity unt orti rities unt ng Peri od Domes Measu tic and Trading 6008 SDE 199,208,000.0 red by Own foreig 140,395,956.00 -7,922,436.00 132,473,520.00 financial 41 C 0 fair funds n assets value stocks Domes Mira Measu tic and cle Trading 0020 red by Own foreig Auto 69,331,500.00 47,712,300.00 -3,579,600.00 44,132,700.00 financial 09 fair funds n mati assets value stocks on Domes 6014 Guol Measu Trading Own 12,000,000.00 326,848,122.00 -83,432,824.22 243,415,297.78 tic and 56 ian red by financial funds 8 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 foreig Secu fair assets n rities value stocks 280,539,500.0 Total -- 514,956,378.00 -94,934,860.22 0.00 0.00 0.00 0.00 420,021,517.78 -- -- 0 Disclosure date of March 24, 2012 securities investment approval by the June 4, 2013 Board 2. Derivative investment □ Applicable √ Not applicable No derivative investment in the Period. V. Progress of investment projects with raised funds □ Applicable √ Not applicable VI. Prediction of business performance from January – June 2021 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 VII. Major contracts for daily operations □ Applicable √ Not applicable VIII. Trust financing √ Applicable □ Not applicable In 10 thousand Yuan Specific type Sources of funds Amount occurred Undue balance Overdue amount Financing products Own funds 65,300 65,300 0 Financial products of securities firms Own funds 82,000 82,000 0 Trust financial products Own funds 289,280 284,580 0 Other type Own funds 67,770 67,770 0 Total 504,350 499,650 0 Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed 9 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 √ Applicable □ Not applicable In 10 thousand Yuan Amo unt of Whe reser Whe Summ ther ve ther ary of has for appr the Capita Anticipat entru Truste Sou Referen Actual deva oved items l ed Actual st e rce Criteria ce collected luati by and Trustee Amou Start End invest income gains/los finan institut Type of for fixing annual gains/los on legal related type nt date date ment (if ses in ce ion r fun reward rate of ses in of proc query purpos applicabl period plan name ds return period with edur index e e) in draw e (if the ing (Y/ applic futur (if N) able) e appli cabl e) Contractu Non-gu al Collecte arantee Ow Financ May Performa d d ned March 2, ial Bank Bank 1,300 26, nce 3.55% 10.75 0 accordin Y Y floatin fun 2021 produc 2021 Benchmar g to the g d ts k contract income Non-gu Collec Contractu Collecte arantee Ow tive al Securit Securit Septem d d ned January assets Performa ies ies 18,000 ber 14, 544.96 265.16 accordin Y Y floatin fun 12, 2021 manag nce Notice trader trader 2021 g to the g d ement Benchmar 4.7% No.: contract income plan k -5% 2020-0 Non-gu Contractu 15 Collecte arantee Ow Collec al January d d ned January tion Performa Trust Trust 33,880 29, 3,190.71 2,922.76 accordin Y Y floatin fun 8, 2021 trust nce 2023 g to the g d plan Benchmar 5.8% contract income k -7.4% Non-gu Contractu Ow Collecte arantee Februar Fund al ned February d Other Other d 10,000 y 8, produc Performa 660 439.57 Y Y fun 8, 2021 accordin floatin 2023 ts nce 6% d g to the g Benchmar -7.5% 10 无锡威孚高科技集团股份有限公司 2021 年第一季度报告正文 income k contract Total 63,180 -- -- -- -- -- -- 4,406.42 3,627.49 -- 0 -- -- -- Entrust financial expected to be unable to recover the principal or impairment might be occurred □ Applicable √ Not applicable IX. External security against the rules □ Applicable √ Not applicable The Company has no external security against the rules in the Period X. Controlling shareholders' and its related party's non-business capital occupying of the listed company □ Applicable √ Not applicable There are no controlling shareholders' and its related party's non-business capital occupying of the listed company. XI. Registration form for receiving research, communication and interview in the report period √ Applicable □ Not applicable Reception Type of Main content and Date Method Object Index for the interview and research location investors information provided Interactive The Company answered 55 questions for 1 Jan. 2021 platform Basic condition of the Written investors online through the investor to 31 Mar. (http://irm.p5w Other Other Company and views inquiries relations interactive platform 2021 .net/dqhd/sichua on market (http://irm.p5w.net/dqhd/sichuan/) n/) 1 Jan. 2021 Telephone Basic condition of the Communicate with investors by telephone to 31 Mar. Telephone communicat Other Other Company and views more than 50 2021 ion on market Board of Director of Weifu High-Technology Group Co., Ltd. 27 April 2021 11