无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2021
April 2021
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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 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.
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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 same
Current Period Same period of last year
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 over
End of this period End of last period
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,
derivative financial assets, transaction financial liability and derivative financial -94,934,860.22
liability and investment earnings obtained from disposing the transaction financial
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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
Amount of Number of share
Proportion Amount of shares restricted pledged/frozen
Nature of
Shareholder’s name of shares
shareholder held shares
held State of
Amount
held share
Wuxi Industry Development Group Co., State-owned
20.22% 204,059,398
Ltd. corporate
ROBERT BOSCH GMBH Foreign corporate 14.16% 142,841,400
Hong Kong Securities Clearing Company Foreign corporate 6.36% 64,216,612
BBH BOS S/A FIDELITY FD - CHINA
Foreign corporate 1.60% 16,093,515
FOCUS FD
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
Huatai Financial Holdings (Hong Kong)
Foreign corporate 0.79% 7,999,998
Limited－Client fund
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
FIDELITY INVMT TRT FIDELITY
Foreign corporate 0.73% 7,339,586
INTL SMALL CAP FUND
Monetary Authority of Macao - own fund Foreign corporate 0.55% 5,521,441
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.
2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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.
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
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
Acc
and
Shor ount Curr
Cumulat Curr loss
Variety Cod t ing ent
Book value at the Current ive fair ent in Account Capita
of e of form Initial mea purc Book value at the
beginning of the gain/loss of fair value sales the ing l
securitie secu of investment cost sure hase end of the period
period value changes changes amo Rep subject Source
s rities secu ment amo
in equity unt orti
rities mod unt
ng
el
Peri
od
Mea
Domesti sure
Trading
c and 6008 SDE d by Own
199,208,000.00 140,395,956.00 -7,922,436.00 132,473,520.00 financial
foreign 41 C fair funds
assets
stocks valu
e
Mea
Mira
Domesti sure
cle Trading
c and 0020 d by Own
Auto 69,331,500.00 47,712,300.00 -3,579,600.00 44,132,700.00 financial
foreign 09 fair funds
mati assets
stocks valu
on
e
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Mea
Domesti Guol sure
Trading
c and 6014 ian d by Own
12,000,000.00 326,848,122.00 -83,432,824.22 243,415,297.78 financial
foreign 56 Secu fair funds
assets
stocks rities valu
e
Total 280,539,500.00 -- 514,956,378.00 -94,934,860.22 0.00 0.00 0.00 0.00 420,021,517.78 -- --
Disclosure date of
March 24, 2012
securities
investment approval
June 4, 2013
by the 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
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed
√ Applicable □ Not applicable
In 10 thousand Yuan
Amo
unt
of
Summ
reser Whe Whet
ary of
ve ther her
the
Actual for appr has
Capita Anticipat items
Truste Sou Referen collect deva oved entru
l ed Actual and
e rce Criteria for ce ed luati by st
Trustee Amou Start End invest income gains/los relate
institut Type of fixing annual gains/l on legal finan
type nt date date ment (if ses in d
ion r fun reward rate of osses of proc ce
purpos applicabl period query
name ds return in with edur plan
e e) index
period draw e in the
(if
ing (Y/ futur
applic
(if N) e
able)
appli
cabl
e)
Collec
Non-gu
Contractual ted
arantee Ow Financ
May Performanc accord
d ned March 2, ial
Bank Bank 1,300 26, e 3.55% 10.75 0 ing to Y Y
floatin fun 2021 produc
2021 Benchmark the
g d ts
contra
income
ct
Collec
Non-gu Collec
ted
arantee Ow tive Contractual
Securit Securit Septem accord
d ned January assets Performanc 4.7% Notic
ies ies 18,000 ber 14, 544.96 265.16 ing to Y Y
floatin fun 12, 2021 manag e -5% e No.:
trader trader 2021 the
g d ement Benchmark 2020-
contra
income plan 015
ct
Collec
Non-gu
ted
arantee Ow Collec Contractual
January accord
d ned January tion Performanc 5.8%
Trust Trust 33,880 29, 3,190.71 2,922.76 ing to Y Y
floatin fun 8, 2021 trust e -7.4%
2023 the
g d plan Benchmark
contra
income
ct
Non-gu Ow Februar Fund Contractual Collec
Other Other 10,000 February 6% 660 439.57 Y Y
arantee ned y 8, produc Performanc ted
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
d fun 8, 2021 2023 ts e -7.5% accord
floatin d Benchmark ing to
g the
income contra
ct
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 Index for the interview
Date Method Object
location investors information provided and research
The Company
answered 55 questions
Interactive
Basic condition of the for investors online
1 Jan. 2021 to 31 platform Written
Other Other Company and views through the investor
Mar. 2021 （http://irm.p5w.n inquiries
on market relations interactive
et/dqhd/sichuan/）
platform(http://irm.p5w
.net/dqhd/sichuan/)
Basic condition of the Communicate with
1 Jan. 2021 to 31 Telephone
Telephone Other Other Company and views investors by telephone
Mar. 2021 communication
on market more than 50
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd
March 31, 2021
In RMB
Items March 31, 2021 March 31, 2020
Current assets:
Monetary fund 1,950,302,133.22 1,963,289,832.33
Settlement provisions
Capital lent
Trading financial assets 4,183,535,346.48 3,518,432,939.10
Derivative financial assets
Note receivable 1,267,852,573.12 1,657,315,723.56
Account receivable 4,202,650,005.87 2,824,780,352.41
Receivable financing 966,202,570.80 1,005,524,477.88
Accounts paid in advance 204,563,267.35 151,873,357.76
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 36,186,729.31 54,209,580.88
Including: Interest receivable
Dividend receivable 49,000,000.00
Buying back the sale of financial assets
Inventories 2,330,883,346.58 2,877,182,174.64
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 2,255,163,156.12 2,137,921,113.61
Total current assets 17,397,339,128.85 16,190,529,552.17
Non-current assets:
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 5,315,842,700.20 4,801,488,290.97
Investment in other equity instrument 285,048,000.00 285,048,000.00
Other non-current financial assets 1,265,345,215.64 1,805,788,421.00
Investment real estate 20,505,724.03 20,886,681.62
Fixed assets 2,897,748,447.32 2,882,230,191.08
Construction in progress 234,085,166.44 243,795,493.04
Productive biological asset
Oil and gas asset
Right-of-use assets 20,752,240.26
Intangible assets 439,784,832.52 454,412,947.69
Expense on Research and Development
Goodwill 247,617,947.81 257,800,696.32
Long-term expenses to be apportioned 15,470,211.17 15,062,171.09
Deferred income tax asset 276,786,130.60 198,393,501.50
Other non-current asset 203,248,248.82 195,259,441.73
Total non-current asset 11,222,234,864.81 11,160,165,836.04
Total assets 28,619,573,993.66 27,350,695,388.21
Current liabilities:
Short-term loans 735,340,793.39 302,238,600.05
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable 2,047,595,491.70 2,462,592,372.82
Account payable 4,458,273,913.80 4,100,984,240.39
Accounts received in advance 659,924.15 4,071,236.87
Contractual liability 42,550,289.65 81,717,387.25
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Security sales of agency
Wage payable 172,333,790.05 332,421,811.82
Taxes payable 233,520,293.75 67,493,690.29
Other account payable 385,816,384.06 361,556,257.42
Including: Interest payable 4,862.22 4,862.22
Dividend payable
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 24,598,290.18 36,914,242.02
Other current liabilities 252,136,307.16 222,871,087.33
Total current liabilities 8,352,825,477.89 7,972,860,926.26
Non-current liabilities:
Insurance contract reserve
Long-term loans 2,928,163.67 3,050,640.97
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability 16,973,079.38
Long-term account payable 33,616,965.11 39,479,218.17
Long-term wages payable 181,980,293.94 181,980,293.94
Accrual liability
Deferred income 317,812,460.63 328,204,476.73
Deferred income tax liabilities 28,608,655.87 30,653,933.12
Other non-current liabilities
Total non-current liabilities 581,919,618.60 583,368,562.93
Total liabilities 8,934,745,096.49 8,556,229,489.19
Owner’s equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 3,313,084,469.55 3,294,242,368.28
Less: Inventory shares 303,627,977.74 303,627,977.74
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Other comprehensive income -4,969,906.17 13,916,619.47
Reasonable reserve 2,020,922.25 2,333,490.03
Surplus public reserve 510,100,496.00 510,100,496.00
Provision of general risk
Retained profit 14,617,675,421.62 13,756,102,424.62
Total owner’ s equity attributable to parent company 19,143,233,995.51 18,282,017,990.66
Minority interests 541,594,901.66 512,447,908.36
Total owner’ s equity 19,684,828,897.17 18,794,465,899.02
Total liabilities and owner’ s equity 28,619,573,993.66 27,350,695,388.21
Legal Representative: Wang Xiaodong
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
Items March 31, 2021 March 31, 2020
Current assets:
Monetary funds 983,274,686.88 1,157,684,053.05
Trading financial assets 4,103,851,493.42 3,452,348,980.19
Derivative financial assets
Note receivable 353,024,807.87 422,246,979.39
Account receivable 1,468,857,154.84 982,782,279.22
Receivable financing
Accounts paid in advance 151,939,963.25 75,650,090.49
Other account receivable 254,546,727.96 197,335,714.63
Including: Interest receivable 88,888.89 897,777.78
Dividend receivable
Inventories 531,764,778.73 725,276,241.43
Contractual assets
Assets held for sale
Non-current assets maturing within one year
Other current assets 2,178,291,267.24 2,057,772,839.50
Total current assets 10,025,550,880.19 9,071,097,177.90
Non-current assets:
15
无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 6,537,007,129.39 5,978,128,303.88
Investment in other equity instrument 209,108,000.00 209,108,000.00
Other non-current financial assets 1,265,345,215.64 1,805,788,421.00
Investment real estate
Fixed assets 1,778,869,124.48 1,758,198,856.53
Construction in progress 127,625,569.23 154,741,266.85
Productive biological assets
Oil and natural gas assets
Right-of-use assets 1,658,263.91
Intangible assets 203,648,944.54 208,112,706.57
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 154,152,471.86 76,508,392.85
Other non-current assets 142,576,019.60 117,013,906.01
Total non-current assets 10,419,990,738.65 10,307,599,853.69
Total assets 20,445,541,618.84 19,378,697,031.59
Current liabilities
Short-term borrowings 202,088,888.89 102,088,888.89
Trading financial liability
Derivative financial liability
Notes payable 451,652,613.73 448,901,718.36
Account payable 1,427,430,948.22 1,265,845,068.26
Accounts received in advance
Contractual liability 40,885,036.81 6,209,575.73
Wage payable 110,865,477.66 216,870,819.60
Taxes payable 189,526,864.28 32,974,322.59
Other accounts payable 330,102,501.07 339,096,991.12
Including: Interest payable
Dividend payable
Liability held for sale
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Non-current liabilities due within one year
Other current liabilities 191,372,545.67 182,611,991.54
Total current liabilities 2,943,924,876.33 2,594,599,376.09
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Lease liability 1,712,209.91
Long-term account payable
Long term employee compensation payable 176,245,345.03 176,245,345.03
Accrued liabilities
Deferred income 278,769,782.98 285,714,239.98
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 456,727,337.92 461,959,585.01
Total liabilities 3,400,652,214.25 3,056,558,961.10
Owners’ equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 3,427,166,622.84 3,407,732,016.61
Less: Inventory shares 303,627,977.74 303,627,977.74
Other comprehensive income
Special reserve
Surplus reserve 510,100,496.00 510,100,496.00
Retained profit 12,402,299,693.49 11,698,982,965.62
Total owner’s equity 17,044,889,404.59 16,322,138,070.49
Total liabilities and owner’s equity 20,445,541,618.84 19,378,697,031.59
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 4,700,158,675.54 2,772,108,717.43
Including: Operating income 4,700,158,675.54 2,772,108,717.43
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 4,190,477,422.75 2,506,487,031.40
Including: Operating cost 3,855,189,876.70 2,250,580,448.11
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
Tax and extras 20,115,723.32 13,130,773.59
Sales expense 54,746,637.36 49,792,031.77
Administrative expense 143,194,220.17 132,550,468.46
R&D expense 118,939,760.37 74,735,427.38
Financial expense -1,708,795.17 -14,302,117.91
Including: Interest expenses 3,628,147.53 2,579,711.49
Interest income 8,923,810.05 18,022,664.17
Add: other income 10,247,700.49 9,216,894.95
Investment income (Loss is listed with “-”) 554,425,152.91 362,685,321.28
Including: Investment income on affiliated company and
514,354,409.23 301,761,925.15
joint venture
The termination of income recognition for financial assets
-341,449.81 -191,797.71
measured by amortized cost(Loss is listed with “-”)
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with “-”) -88,743,815.39 -2,206,725.01
Loss of credit impairment (Loss is listed with “-”) -1,809,614.35 7,480,599.59
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Losses of devaluation of asset (Loss is listed with “-”) -44,249,622.45 -47,389,892.81
Income from assets disposal (Loss is listed with “-”) 1,944,581.28 70,300.91
III. Operating profit (Loss is listed with “-”) 941,495,635.28 595,478,184.94
Add: Non-operating income 61,113.14 93,384.30
Less: Non-operating expense 332,059.34 3,028,718.52
IV. Total profit (Loss is listed with “-”) 941,224,689.08 592,542,850.72
Less: Income tax expense 51,082,560.29 38,745,274.61
V. Net profit (Net loss is listed with “-”) 890,142,128.79 553,797,576.11
(i) Classify by business continuity
1.continuous operating net profit (net loss listed with “-”) 890,142,128.79 553,797,576.11
2.termination of net profit (net loss listed with “-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 861,572,997.00 549,996,717.72
2.Minority shareholders’ gains and losses 28,569,131.79 3,800,858.39
VI. Net after-tax of other comprehensive income -18,886,525.64 1,455.41
Net after-tax of other comprehensive income attributable to owners
-18,886,525.64 960.57
of parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be
-18,886,525.64 960.57
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that can
transfer to gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other comprehensive
income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences arising on translation of foreign
-18,886,525.64 960.57
currency financial statements
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
7.Other
Net after-tax of other comprehensive income attributable to
494.84
minority shareholders
VII. Total comprehensive income 871,255,603.15 553,799,031.52
Total comprehensive income attributable to owners of parent
842,686,471.36 549,997,678.29
Company
Total comprehensive income attributable to minority
28,569,131.79 3,801,353.23
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.87 0.55
(ii) Diluted earnings per share 0.87 0.55
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal Representative: Wang Xiaodong
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 1,743,084,293.93 1,084,517,709.00
Less: Operating cost 1,278,601,918.95 771,517,997.02
Taxes and surcharge 13,018,099.07 8,726,393.83
Sales expenses 9,248,782.42 3,948,899.85
Administration expenses 76,440,130.45 82,724,030.24
R&D expenses 45,114,875.71 38,924,291.76
Financial expenses -5,654,292.79 -19,548,612.65
Including: interest expenses 1,515,944.44 1,138,193.78
Interest income 7,325,496.04 17,644,344.22
Add: other income 8,340,003.51 7,088,433.84
Investment income (Loss is listed with “-”) 488,901,136.42 347,916,717.40
Including: Investment income on affiliated Company and
448,610,602.44 297,794,629.99
joint venture
The termination of income recognition for financial assets
measured by amortized cost (Loss is listed with “-”)
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Net exposure hedging income (Loss is listed with “-”)
Changing income of fair value (Loss is listed with “-”) -89,343,709.54 -2,145,787.43
Loss of credit impairment (Loss is listed with “-”) 431,097.69 249,448.42
Losses of devaluation of asset (Loss is listed with “-”)
Income on disposal of assets (Loss is listed with “-”) 82,080.11 377.30
II. Operating profit (Loss is listed with “-”) 734,725,388.31 551,333,898.48
Add: Non-operating income 38,700.29 14,771.67
Less: Non-operating expense 67,111.55 3,017,869.94
III. Total Profit (Loss is listed with “-”) 734,696,977.05 548,330,800.21
Less: Income tax 31,380,249.18 38,048,842.34
IV. Net profit (Net loss is listed with “-”) 703,316,727.87 510,281,957.87
(i)continuous operating net profit (net loss listed with “-”) 703,316,727.87 510,281,957.87
(ii) termination of net profit (net loss listed with “-”)
V. Net after-tax of other comprehensive income
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
2.Other comprehensive income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(II) Other comprehensive income items which will be
reclassified subsequently to profit or loss
1.Other comprehensive income under equity method that can
transfer to gain/loss
2.Change of fair value of other debt investment
3.Amount of financial assets re-classify to other comprehensive
income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 703,316,727.87 510,281,957.87
VII. Earnings per share:
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 3,191,959,028.29 2,747,435,787.89
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
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of securities
Write-back of tax received 7,078,180.24 6,649,535.99
Other cash received concerning operating activities 12,315,475.98 21,806,760.87
Subtotal of cash inflow arising from operating activities 3,211,352,684.51 2,775,892,084.75
Cash paid for purchasing commodities and receiving labor service 2,667,753,903.41 1,907,127,747.29
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 449,930,340.18 327,798,155.34
Taxes paid 213,203,671.15 150,583,399.33
Other cash paid concerning operating activities 110,006,020.26 71,177,972.93
Subtotal of cash outflow arising from operating activities 3,440,893,935.00 2,456,687,274.89
Net cash flows arising from operating activities -229,541,250.49 319,204,809.86
II. Cash flows arising from investing activities:
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Cash received from recovering investment 1,008,396,982.59 1,783,243,985.27
Cash received from investment income 89,594,216.53 201,315,193.84
Net cash received from disposal of fixed, intangible and other long-term
3,658,655.50 526,745.43
assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 1,101,649,854.62 1,985,085,924.54
Cash paid for purchasing fixed, intangible and other long-term assets 128,698,656.89 149,466,109.37
Cash paid for investment 1,181,800,000.00 1,649,000,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 1,310,498,656.89 1,798,466,109.37
Net cash flows arising from investing activities -208,848,802.27 186,619,815.17
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 450,799,496.32 46,002,556.36
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 450,799,496.32 46,002,556.36
Cash paid for settling debts 28,557,421.48 32,282,403.79
Cash paid for dividend and profit distributing or interest paying 3,506,551.74 2,150,643.04
Including: Dividend and profit of minority shareholder paid by
subsidiaries
Other cash paid concerning financing activities 300,007,852.84
Subtotal of cash outflow from financing activities 32,063,973.22 334,440,899.67
Net cash flows arising from financing activities 418,735,523.10 -288,438,343.31
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate -2,987,157.02 2,786,773.70
V. Net increase of cash and cash equivalents -22,641,686.68 220,173,055.42
Add: Balance of cash and cash equivalents at the period -begin 944,946,018.70 820,498,653.85
VI. Balance of cash and cash equivalents at the period -end 922,304,332.02 1,040,671,709.27
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor
1,541,310,249.92 942,284,898.63
services
Write-back of tax received
Other cash received concerning operating activities 8,502,620.54 16,951,317.73
Subtotal of cash inflow arising from operating activities 1,549,812,870.46 959,236,216.36
Cash paid for purchasing commodities and receiving labor
1,021,805,390.79 534,597,972.02
service
Cash paid to/for staff and workers 266,515,834.88 183,338,674.87
Taxes paid 160,019,869.19 77,406,224.76
Other cash paid concerning operating activities 53,702,532.36 40,837,830.78
Subtotal of cash outflow arising from operating activities 1,502,043,627.22 836,180,702.43
Net cash flows arising from operating activities 47,769,243.24 123,055,513.93
II. Cash flows arising from investing activities:
Cash received from recovering investment 1,008,396,982.59 1,704,512,336.43
Cash received from investment income 40,472,557.02 199,861,009.29
Net cash received from disposal of fixed, intangible and other
1,774,195.81 10,723.38
long-term assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities 59,375,295.26
Subtotal of cash inflow from investing activities 1,050,643,735.42 1,963,759,364.36
Cash paid for purchasing fixed, intangible and other long-term
82,715,244.63 89,137,557.78
assets
Cash paid for investment 1,263,065,000.00 1,375,448,157.81
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities 30,220,000.00
Subtotal of cash outflow from investing activities 1,376,000,244.63 1,464,585,715.59
Net cash flows arising from investing activities -325,356,509.21 499,173,648.77
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 100,000,000.00
Other cash received concerning financing activities 5,000,000.00 16,620,000.00
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Subtotal of cash inflow from financing activities 105,000,000.00 16,620,000.00
Cash paid for settling debts
Cash paid for dividend and profit distributing or interest paying 1,515,944.44 1,138,193.78
Other cash paid concerning financing activities 316,627,852.84
Subtotal of cash outflow from financing activities 1,515,944.44 317,766,046.62
Net cash flows arising from financing activities 103,484,055.56 -301,146,046.62
IV. Influence on cash and cash equivalents due to fluctuation in
-306,155.76 2,828,957.22
exchange rate
V. Net increase of cash and cash equivalents -174,409,366.17 323,912,073.30
Add: Balance of cash and cash equivalents at the period -begin 651,188,544.53 532,115,862.26
VI. Balance of cash and cash equivalents at the period -end 476,779,178.36 856,027,935.56
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasing
rules from 2021
√ Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
√ Yes □No
Consolidate balance sheet
In RMB
Item December 31, 2020 January 1, 2021 Adjustment amount
Current assets:
Monetary fund 1,963,289,832.33 1,963,289,832.33
Trading financial assets 3,518,432,939.10 3,518,432,939.10
Note receivable 1,657,315,723.56 1,657,315,723.56
Account receivable 2,824,780,352.41 2,824,780,352.41
Receivable financing 1,005,524,477.88 1,005,524,477.88
Accounts paid in advance 151,873,357.76 151,873,357.76
Other account receivable 54,209,580.88 54,209,580.88
Dividend receivable 49,000,000.00 49,000,000.00
Inventories 2,877,182,174.64 2,877,182,174.64
Other current assets 2,137,921,113.61 2,137,921,113.61
Total current assets 16,190,529,552.17 16,190,529,552.17
Non-current assets:
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Long-term equity investment 4,801,488,290.97 4,801,488,290.97
Investment in other equity instrument 285,048,000.00 285,048,000.00
Other non-current financial assets 1,805,788,421.00 1,805,788,421.00
Investment real estate 20,886,681.62 20,886,681.62
Fixed assets 2,882,230,191.08 2,870,351,470.37 -11,878,720.71
Construction in progress 243,795,493.04 243,795,493.04
Right-of-use assets 23,828,070.70 23,828,070.70
Intangible assets 454,412,947.69 454,412,947.69
Goodwill 257,800,696.32 257,800,696.32
Long-term expenses to be apportioned 15,062,171.09 15,062,171.09
Deferred income tax asset 198,393,501.50 198,393,501.50
Other non-current asset 195,259,441.73 195,259,441.73
Total non-current asset 11,160,165,836.04 11,172,115,186.03 11,949,349.99
Total assets 27,350,695,388.21 27,362,644,738.20 11,949,349.99
Current liabilities:
Short-term loans 302,238,600.05 302,238,600.05
Note payable 2,462,592,372.82 2,462,592,372.82
Account payable 4,100,984,240.39 4,100,984,240.39
Accounts received in advance 4,071,236.87 4,071,236.87
Contractual liability 81,717,387.25 81,717,387.25
Wage payable 332,421,811.82 332,421,811.82
Taxes payable 67,493,690.29 67,493,690.29
Other account payable 361,556,257.42 361,556,257.42
Including: Interest payable 4,862.22 4,862.22
Non-current liabilities due within one year 36,914,242.02 36,914,242.02
Other current liabilities 222,871,087.33 222,871,087.33
Total current liabilities 7,972,860,926.26 7,972,860,926.26
Non-current liabilities:
Long-term loans 3,050,640.97 3,050,640.97
Lease liability 17,811,603.05 17,811,603.05
Long-term account payable 39,479,218.17 33,616,965.11 -5,862,253.06
Long-term wages payable 181,980,293.94 181,980,293.94
Deferred income 328,204,476.73 328,204,476.73
Deferred income tax liabilities 30,653,933.12 30,653,933.12
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Total non-current liabilities 583,368,562.93 595,317,912.92 11,949,349.99
Total liabilities 8,556,229,489.19 8,568,178,839.18 11,949,349.99
Owner’s equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Capital public reserve 3,294,242,368.28 3,294,242,368.28
Less: Inventory shares 303,627,977.74 303,627,977.74
Other comprehensive income 13,916,619.47 13,916,619.47
Reasonable reserve 2,333,490.03 2,333,490.03
Surplus public reserve 510,100,496.00 510,100,496.00
Retained profit 13,756,102,424.62 13,756,102,424.62
Total owner’ s equity attributable to parent
18,282,017,990.66 18,282,017,990.66
company
Minority interests 512,447,908.36 512,447,908.36
Total owner’ s equity 18,794,465,899.02 18,794,465,899.02
Total liabilities and owner’ s equity 27,350,695,388.21 27,362,644,738.20 11,949,349.99
Balance Sheet of Parent Company
In RMB
Item December 31, 2020 January 1, 2021 Adjustment amount
Current assets:
Monetary funds 1,157,684,053.05 1,157,684,053.05
Trading financial assets 3,452,348,980.19 3,452,348,980.19
Note receivable 422,246,979.39 422,246,979.39
Account receivable 982,782,279.22 982,782,279.22
Accounts paid in advance 75,650,090.49 75,650,090.49
Other account receivable 197,335,714.63 197,335,714.63
Including: Interest receivable 897,777.78 897,777.78
Inventories 725,276,241.43 725,276,241.43
Other current assets 2,057,772,839.50 2,057,772,839.50
Total current assets 9,071,097,177.90 9,071,097,177.90
Non-current assets:
Long-term equity investments 5,978,128,303.88 5,978,128,303.88
Investment in other equity instrument 209,108,000.00 209,108,000.00
Other non-current financial assets 1,805,788,421.00 1,805,788,421.00
Fixed assets 1,758,198,856.53 1,758,198,856.53
Construction in progress 154,741,266.85 154,741,266.85
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
Right-of-use assets 1,699,807.76 1,699,807.76
Intangible assets 208,112,706.57 208,112,706.57
Deferred income tax assets 76,508,392.85 76,508,392.85
Other non-current assets 117,013,906.01 117,013,906.01
Total non-current assets 10,307,599,853.69 10,309,299,661.45 1,699,807.76
Total assets 19,378,697,031.59 19,380,396,839.35 1,699,807.76
Current liabilities
Short-term borrowings 102,088,888.89 102,088,888.89
Notes payable 448,901,718.36 448,901,718.36
Account payable 1,265,845,068.26 1,265,845,068.26
Contractual liability 6,209,575.73 6,209,575.73
Wage payable 216,870,819.60 216,870,819.60
Taxes payable 32,974,322.59 32,974,322.59
Other accounts payable 339,096,991.12 339,096,991.12
Other current liabilities 182,611,991.54 182,611,991.54
Total current liabilities 2,594,599,376.09 2,594,599,376.09
Non-current liabilities:
Lease liability 1,699,807.76 1,699,807.76
Long term employee compensation payable 176,245,345.03 176,245,345.03
Deferred income 285,714,239.98 285,714,239.98
Total non-current liabilities 461,959,585.01 463,659,392.77 1,699,807.76
Total liabilities 3,056,558,961.10 3,058,258,768.86 1,699,807.76
Owners’ equity:
Share capital 1,008,950,570.00 1,008,950,570.00
Capital public reserve 3,407,732,016.61 3,407,732,016.61
Less: Inventory shares 303,627,977.74 303,627,977.74
Surplus reserve 510,100,496.00 510,100,496.00
Retained profit 11,698,982,965.62 11,698,982,965.62
Total owner’s equity 16,322,138,070.49 16,322,138,070.49
Total liabilities and owner’s equity 19,378,697,031.59 19,380,396,839.35 1,699,807.76
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无锡威孚高科技集团股份有限公司 2021 年第一季度报告全文
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company was unaudited
Board of Director of
Weifu High-Technology Group Co., Ltd
Chairman: ________
Wang Xiaodong
27 April 2021
29