Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2013
April 2013
无锡威孚高科技集团股份有限公司 2013 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.
Chen Xuejun, 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.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Section II. Main financial data and changes of shareholders
I. Main financial data
Whether has retroactive adjustment or re-statement on financial data of previous’ period in this report or not
□Yes √ No
Changes of this period over
Jan. – March 2013 Jan. – March 2012
same period of last year (%)
Operating income (RMB) 1,334,022,363.78 1,340,401,162.00 -0.48%
Net profit attributable to shareholders of
258,992,721.69 247,112,386.65 4.81%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 239,141,893.37 245,957,347.71 -2.77%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
93,309,331.45 135,895,279.94 -31.34%
activities(RMB)
Basic earnings per share (RMB/Share) 0.38 0.41 -7.32%
Diluted earnings per share (RMB/Share) 0.38 0.41 -7.32%
Weighted average ROE (%) 2.94% 4.03% -1.09%
Changes of this period-end
2013-3-31 2012-12-31 over same period-end of last
year (%)
Total assets (RMB) 11,809,188,961.15 11,055,973,932.34 6.81%
Net assets attributable to shareholder of
8,934,296,356.93 8,655,980,755.24 3.22%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the write-off that
41,172.27
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 relevant 130,000.00
to enterprise’s business)
Gains and losses from change of fair values of held-for-transaction financial assets
22,611,866.44
and financial liabilities except for the effective hedge business related to normal
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
business of the Company, and investment income from disposal of transactional
financial assets and liabilities and financial assets available for sale
Other non-operating income and expenditure except for the aforementioned items 650,616.16
Impact on income tax 3,542,392.45
Impact on minority shareholders’ equity (post-tax) 40,434.10
Total 19,850,828.32 --
II. Total number of shareholders at the end of this report period and top ten shareholders
Unit: Share
Total number of shareholders
30,888
at the end of report period
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Nature of
Shareholder’s name of shares restricted
shareholder shares held
held (%) State of
shares held Amount
share
WUXI INDUSTRY DEVELOPMENT State-owned
20% 136,039,599 79,311,999
CROUP CO., LTD. legal person
ROBERT BOSCH GMBH Foreign legal person 14% 95,227,600 76,840,400
Domestic
China Construction Bank- Fullgoal Tianbo
non-state-owned 2.19% 14,880,167
Innovation Theme Stock Fund,
legal person
GAOLING FUND,L.P. Foreign legal person 1.69% 11,492,449
Domestic
China Construction Bank- China AMC
non-state-owned 1.5% 10,181,020
Advantage Growth Stock Fund
legal person
Domestic
Bank of Communications—Fullgoal Tianyi
non-state-owned 1.35% 9,214,230
Value Stock Investment Fund
legal person
Domestic
ICBC—E-fund Value Growth Mix Securities
non-state-owned 1.23% 8,334,511
Investment Fund
legal person
BBH BOS S/A FIDELITY FD - CHINA
Foreign legal person 1.19% 8,112,188
FOCUS FD
Domestic
Agriculture Bank of China – Changsheng
non-state-owned 1.06% 7,176,960
Tongde Theme Growth Stock Fund
legal person
China Merchants Bank Co., Ltd.—Fullgoal Domestic
0.98% 6,679,482
Tianhe Stable Selected Stock Securities non-state-owned
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Investment Fund legal person
Top ten shareholders with unrestricted shares held
Amount of Type of shares
Shareholder’s name unrestricted shares
Type Amount
held
WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. 56,727,600 RMB common share
Domestically listed
ROBERT BOSCH GMBH 18,387,200
foreign share
China Construction Bank- Fullgoal Tianbo Innovation Theme Stock
14,880,167 RMB common share
Fund,
Domestically listed
GAOLING FUND,L.P. 11,492,449
foreign share
China Construction Bank- China AMC Advantage Growth Stock Fund 10,181,020 RMB common share
Bank of Communications—Fullgoal Tianyi Value Stock Investment Fund 9,214,230 RMB common share
ICBC—E-fund Value Growth Mix Securities Investment Fund 8,334,511 RMB common share
Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 8,112,188
foreign share
Agriculture Bank of China – Changsheng Tongde Theme Growth Stock
7,176,960 RMB common share
Fund
China Merchants Bank Co., Ltd.—Fullgoal Tianhe Stable Selected Stock
6,679,482 RMB common share
Securities Investment Fund
Among the top ten shareholders, the Company knew
there has no associated relationship between Wuxi
Industry Development Croup Co., Ltd., the first largest
shareholder of the Company, and other shareholders; and
they do not belong to the consistent actionist regulated
by the Management Measure of Information Disclosure
Explanation on associated relationship among the aforesaid shareholders
on Change of Shareholding for Listed Company.
Fullgoal Tianbo Innovation Theme Stock Securities
Investment Fund, Fullgoal Tianyi Value Security
Investment Fund and Fullgoal Tianhe Stable Selected
Stock Securities Investment Fund shares 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 2013 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
1. Held-to-maturity investment: increasing 30.66% in the report period-end over that of year-begin, mainly due to
the increase of trust financing investment in the period.
2. Short-term loans: increasing 328.57% in the report period-end over that of year-begin, mainly due to the need
of production and management.
3. Notes payable: increasing 33% in the report period-end over that of year-begin, mainly due to the increase of
notes payable settlement business.
4. Tax payable: increasing 146.67% in the report period-end over that of year-begin, mainly because the company
operation interest increased and the associated enterprises income tax payable increased.
5. Financial expense: decreasing RMB 23,941,800 in the report period over the same period of last year, mainly
because monetary fund increased and the associated internet income increased.
6. Investment income: increasing 122.31% in the report period over the same period of last year, mainly because
stock jointly enterprise’ profit increased y-o-y and company’s financial income increased.
7. Other comprehensive income: decreasing 73.02% in the report period over the same period of last year, mainly
because the capital reserved reckoned after deduction of deferred income tax from fair value changes of financial
assets available for sales decreased y-o-y at period-end.
8. Net cash flow from operation activities: decreasing 31.34% in the report period over the same period of last
year, mainly because cash inflow from operation activities decreased y-o-y.
9. Net cash flow from financing activities: decreasing 90.33% in the report period over the same period of last
year, mainly due to the fully funded from privately offering of A-stock in same period of last year.
II. Analysis and explanation of significant events and their influence and solutions
Explanation on part of the projects with fund-raised investment in reporting period:
Industrial park project: owes construction qualification at present and has started to build officially in April.
Industrialization of tail treatment system products: has changes for investment plan involved, the “Proposal
Report of Change the Investment Plan with Fund-Raised Investment” has deliberated and approved in 9th meeting
of 7th session of the Board and should submitted for approval from Shareholders General Meeting.
Date for Information index for temporary
Overview
disclosure report disclosure
On 21 January 2012, the CSRC approve and issue the “Reply of Approval of ”Report of Privately Placement and
2012-02-28
Privately Placement of Weifu High-Technology Group Co., Ltd.” (Zheng Jian Summary of Listed Company
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Xu Ke [2012] No.: 109) for 112,858,000 new shares offering privately at most. Statement” (No.: 2012-12) public on
On 10 February 2012, the “Capital Verification Report” (Su Gong W [2012] Juchao Website
No. B006) was issued by Jiangsu Gongzheng Tianye Certified Public
Accountants Co., Ltd: ended as 10 February 2012, Weifu High-Tech offered
112,858,000 RMB common shares (A-share), total fund raised amounting as
RMB 2,866,028,910.00, and net amount totally raised RMB 2,850,124,252.93
after offering expenses RMB 15,904,657.07 deducted.
“Specific Report of Deposit and
Specific Report of Deposit and Application of Fund Raised for year of 2012 2013-03-28 Application of Fund Raised for year
of 2012” public on Juchao Website
“Announcement of Changes for
Investment Plan With Fund Raised
Announcement of Changes for Investment Plan With Fund Raised Investment 2013-03-28
Investment ” public on Juchao
Website
III. Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Item of
Promisee Content of commitments Date Term Implementation
Commitments
Non-circulating shares of Weifu Hi-tech held by Weifu
Group could not listed or transferred within 60 months
since possessing of listing right. After the expiry of the
commitment period, original non-circulating shares The
would be listed for sale in Shenzhen Stock Exchange, commitment
the proportion of sales volume to total share equity of 2006-04 was being
Weifu Hi-tech could not exceed 5% within 12 months -05 fulfilled without
as well as 10% within 24 months, and sales price ought holdings-reduci
not to less than RMB 10 per share (the lowest ng shares.
impairment price of shares holding would be calculated
Wuxi Industry
Share Merger ex-right at the same time if share price ought to ex-right
Development
Reform according to regulation).
Group Co., Ltd
In order to promote the listed company’s steady and
healthy development, fully mobilize senior executives
so as to ensure to combine the interests of the
governance and shareholders of the Company, Weifu
Implemented
Industry Group committed: after Weifu High-tech 2006-04
after related
finishing Share Merger Reform, under related -05
policy released
regulations of the state and Wuxi government in terms
of governance encouragement system of listed
company, the Group would the stock incentive plan for
management level of Weifu High-tech.
Commitments in
report of acquisition
or equity change
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Commitments in
assets reorganization
The privately offering of the Company totally issue
Wuxi Industry
Commitments in 112,858,000 A-shares to substantial shareholder Wuxi
Development
initial public Industry Group and foreign strategy investor ROBERT
Group Co., Ltd Implementing
offering or BOSCH GMBH. The above said shares are listed for
and ROBERT
refinancing trading in Shenzhen Stock Exchange since 29 February
BOSCH GMBH
2012 with 36-month restriction
Other commitments
to minority
shareholders of the
Company
Completed on time
Yes
or not
Detail reasons for
un-complement and Not-applicable
further plan
Whether made a
promise to
horizontal
No
competition and
related transactions
that resulted or not
Solution term
Not-applicable
promised
Solution way Not-applicable
Complementation Implementing
IV. Forecast of operation performance from Jan. – June of 2013
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
V. Securities Investment
Gains
Amount of Proportion
Proportion Amount of and
Variety Short stock-holdi of Book value
Code of loss in Accounti
of form of Initial ng at the of stock-holdi stock-holdi at the end of Source of
securiti the ng
securiti securiti investment beginning ng at the the period stock
es stock-holdi ng at the reporti subject
es es of the end of the (RMB)
ng
period ng at the end of the period (%)
(RMB)
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
cost(RMB) (Share)
beginning period
of the (Share)
period (%
Financial
SDEC 199,208,000. 288,422,400. assets Subscripti
Stock 600841 14,800,000 2.72% 23,680,000 2.72% 0.00
00 00 available on
for sales
199,208,000. 288,422,400.
Total 14,800,000 -- 23,680,000 -- 0.00 -- --
00 00
Disclosure date of
securities investment 2012-03-24
approval of Board report
Statement of holding other listed companies’ equity
The company approved participation in the subscription of SDEC non-public offering A share in 23rd Meeting of 6th Session of the
Board, subscribing for SDEC non-public offering stocks 14.8 million shares at the price of RMB 13.46 per share, which proportion in
total stocks after SDEC non-public offering stocks was 2.72%.The company committed no transfer after the subscription in 12
months, restricted period (23 March 2012-22 March 2013).
SDEC implemented the plan of annual profit distribution and converting capital reserve into share capital for 2011 on 4th June
2012.( sending cash of RMB 0.5(tax included) per every 10 shares, converting 6 shares per every 10 shares. In the reporting, the
company held SDEC 23.68 million shares.
VI. Derivative Investment
Derivative investment held at period-end
□Applicable √Not applicable
Explanation
VII. Registration form for receiving research, communication and interview in the report
period
Date Place Method Type of investors Investor Contents discussed and materials supplied
2013-03-28 Telephone communication Institution Institution Annual Report explanation
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无锡威孚高科技集团股份有限公司 2013 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
Unit: RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary fund 2,722,465,864.82 2,600,714,219.36
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 972,473,524.65 898,720,248.22
Account receivable 1,307,365,907.95 1,036,392,701.40
Accounts paid in advance 145,922,106.70 143,500,001.15
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 26,649,758.33 37,619,858.83
Dividend receivable 107,616,777.91 107,616,777.91
Other receivables 11,354,153.34 10,147,631.52
Purchase restituted finance asset
Inventories 806,218,920.78 759,505,087.10
Non-current asset due within one year
Other current assets 420,035,583.59 500,118,243.81
Total current assets 6,520,102,598.07 6,094,334,769.30
Non-current assets:
Granted entrust loans and advances
Financial assets available for sale 288,422,400.00 265,689,600.00
Hold-to-maturity investment 848,000,000.00 649,000,000.00
Long-term account receivable
Long-term equity investment 2,293,483,210.13 2,192,275,239.86
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Investment real estate 3,766,160.31 3,881,346.30
Fixed assets 1,408,692,260.48 1,404,806,234.18
Construction in process 66,118,066.02 65,649,548.48
Engineering material
Disposal of fixed asset
Productive biological assets
Oil and gas asset
Intangible assets 279,506,565.79 280,305,865.12
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 13,322,955.50 12,227,687.75
Deferred income tax asset 85,990,658.06 86,019,554.56
Other non-current asset
Total non-current asset 5,289,086,363.08 4,961,639,163.04
Total assets 11,809,188,961.15 11,055,973,932.34
Current liabilities:
Short-term loans 300,000,000.00 70,000,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Transaction financial liabilities
Notes payable 369,980,359.25 278,184,200.63
Accounts payable 1,230,848,460.12 1,133,511,331.25
Accounts received in advance 59,011,891.34 52,622,311.97
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 264,994,317.06 276,292,169.70
Taxes payable 67,765,394.43 27,471,710.92
Interest payable 100,000.00 220,500.00
Dividend payable
Other accounts payable 71,618,108.33 71,364,242.12
Reinsurance payables
Insurance contract reserve
Security trading of agency
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Security sales of agency
Non-current liabilities due within 1 year
Other current liabilities 28,293,030.03 22,102,265.27
Total current liabilities 2,392,611,560.56 1,931,768,731.86
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable 16,790,909.00 16,790,909.00
Special accounts payable
Projected liabilities
Deferred income tax liabilities 15,933,344.15 12,551,182.40
Other non-current liabilities 134,679,108.31 133,879,108.31
Total non-current liabilities 167,403,361.46 163,221,199.71
Total liabilities 2,560,014,922.02 2,094,989,931.57
Owners’ equity(or Shareholders’ equity):
Paid-in capital( or share capital) 680,133,995.00 680,133,995.00
Capital public reserve 3,709,016,909.52 3,689,694,029.52
Less: Inventory shares
Reasonable reserve
Surplus public reserve 340,066,997.50 340,066,997.50
Provision of general risk
Retained profit 4,205,078,454.91 3,946,085,733.22
Balance difference of foreign currency translation
Total owner’s equity attributable to parent Company 8,934,296,356.93 8,655,980,755.24
Minority interests 314,877,682.20 305,003,245.53
Total owner’s equity( or shareholders equity) 9,249,174,039.13 8,960,984,000.77
Total liabilities and owner’s equity( or shareholders equity) 11,809,188,961.15 11,055,973,932.34
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
2. Balance sheet of parent company
Prepared by Weifu High-Technology Group Co., Ltd
Unit: RMB
Balance at
Item Balance at period-end
period-begin
Current assets:
Monetary fund 2,047,368,769.06 1,566,564,504.46
Transaction finance asset
Notes receivable 308,750,971.97 316,494,407.33
Account receivable 685,188,717.28 654,141,638.40
Accounts paid in advance 64,732,601.84 58,571,931.67
Interest receivable 21,983,800.00 31,963,747.72
Dividend receivable 102,868,978.88 102,868,978.88
Other receivables 25,982,951.45 23,509,170.62
Inventory 216,556,845.67 204,214,205.28
Non-current asset due within one year
Other current assets 410,000,000.00 490,000,000.00
Total current assets 3,883,433,636.15 3,448,328,584.36
Non-current assets:
Financial assets available for sale 288,422,400.00 265,689,600.00
Hold-to-maturity investment 848,000,000.00 649,000,000.00
Long-term account receivable
Long-term equity investment 3,266,975,731.26 3,174,930,767.12
Investment real estate
Fixed assets 677,257,796.78 663,822,135.66
Construction in process 25,278,213.56 36,037,172.50
Engineering material
Disposal of fixed asset
Productive biological assets
Oil and gas asset
Intangible assets 182,924,198.31 183,908,044.23
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 2013 年第一季度报告全文
Deferred income tax asset 49,472,624.41 49,794,919.70
Other non-current asset
Total non-current asset 5,338,330,964.32 5,023,182,639.21
Total assets 9,221,764,600.47 8,471,511,223.57
Current liabilities:
Short-term loans 200,000,000.00
Transaction financial liabilities
Notes payable 101,872,675.56 96,780,000.00
Accounts payable 608,932,678.06 524,096,818.13
Accounts received in advance 12,532,754.92 7,612,539.20
Wage payable 173,488,874.73 180,177,025.37
Taxes payable 36,876,253.22 21,422,094.21
Interest payable
Dividend payable
Other accounts payable 317,843,238.76 62,293,809.89
Non-current liabilities due within 1 year
Other current liabilities 847,621.26
Total current liabilities 1,452,394,096.51 892,382,286.80
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities
Deferred income tax liabilities 13,382,160.00 9,972,240.00
Other non-current liabilities 115,759,108.31 115,759,108.31
Total non-current liabilities 129,141,268.31 125,731,348.31
Total liabilities 1,581,535,364.82 1,018,113,635.11
Owners’ equity(or Shareholders’ equity):
Paid-in capital( or share capital) 680,133,995.00 680,133,995.00
Capital public reserve 3,737,080,299.50 3,717,757,419.50
Less: Inventory shares
Reasonable reserve
Surplus public reserve 340,066,997.50 340,066,997.50
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Provision of general risk
Retained profit 2,882,947,943.65 2,715,439,176.46
Balance difference of foreign currency translation
Total owner’s equity( or shareholders equity) 7,640,229,235.65 7,453,397,588.46
Total liabilities and owner’s equity( or shareholders equity) 9,221,764,600.47 8,471,511,223.57
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
3. Consolidated profit statement
Prepared by Weifu High-Technology Group Co., Ltd
Unit: RMB
Item Amount in this period Amount in last period
I. Total operating income 1,334,022,363.78 1,340,401,162.00
Including: Operating income 1,334,022,363.78 1,340,401,162.00
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,156,859,926.76 1,100,555,033.67
Including: Operating cost 1,011,573,663.63 961,216,532.17
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 8,486,738.35 8,698,657.37
Sales expenses 41,198,479.20 32,174,467.18
Administration expenses 116,121,594.31 94,358,713.40
Financial expenses -19,793,631.85 4,148,213.42
Losses of devaluation of asset -726,916.88 -41,549.87
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 123,819,836.71 55,696,481.53
Including: Investment income on affiliated Company and joint venture 101,207,970.27 55,696,481.53
Exchange income (Loss is listed with “-”)
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
III. Operating profit (Loss is listed with “-”) 300,982,273.73 295,542,609.86
Add: Non-operating income 1,219,840.73 1,994,685.70
Less: Non-operating expense 1,761,123.83 1,600,349.95
Including: Disposal loss of non-current asset 284,847.10 1,385,856.03
IV. Total Profit (Loss is listed with “-”) 300,440,990.63 295,936,945.61
Less: Income tax 31,573,832.27 36,880,357.12
V. Net profit (Net loss is listed with “-”) 268,867,158.36 259,056,588.49
Including: net profit realized for merged party before combination
Net profit attributable to owner’s equity of parent Company 258,992,721.69 247,112,386.65
Minority shareholders’ gains and losses 9,874,436.67 11,944,201.84
VI. Earnings per share -- --
i. Basic earnings per share 0.38 0.41
ii. Diluted earnings per share 0.38 0.41
VII. Other consolidated income 19,322,880.00 71,632,000.00
VIII. Total consolidated income 288,190,038.36 330,688,588.49
Total consolidated income attributable to owners of parent Company 278,315,601.69 318,744,386.65
Total consolidated income attributable to minority shareholders 9,874,436.67 11,944,201.84
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
4. Profit statement of parent company
Prepared by Weifu High-Technology Group Co., Ltd
Unit: RMB
Item Amount in this period Amount in last period
I. Operation income 562,870,659.40 616,385,500.52
Less: Operation cost 453,908,599.37 464,156,439.59
Operating tax and extras 3,263,295.86 3,159,692.80
Sales expenses 18,937,451.86 15,605,300.26
Administration expenses 39,299,617.52 26,377,395.55
Financial expenses -19,084,039.11 1,902,628.15
Losses of devaluation of asset
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 114,656,830.58 45,781,866.58
Including: Investment income on affiliated Company and joint venture 92,044,964.14 45,781,866.58
II. Operating profit (Loss is listed with “-”) 181,202,564.48 150,965,910.75
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Add: Non-operating income 661,676.64
Less: Non-operating expense 659,161.29 894,684.94
Including: Disposal loss of non-current asset 49,478.63 255,884.44
III. Total Profit (Loss is listed with “-”) 181,205,079.83 150,071,225.81
Less: Income tax 13,696,312.64 15,654,607.71
IV. Net profit (Net loss is listed with “-”) 167,508,767.19 134,416,618.10
V. Earnings per share -- --
i. Basic earnings per share 0.25 0.22
ii. Diluted earnings per share 0.25 0.22
VI. Other consolidated income 19,322,880.00 71,632,000.00
VII. Total consolidated income 186,831,647.19 206,048,618.10
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
5. Consolidated cash flow statement
Prepared by Weifu High-Technology Group Co., Ltd
Unit: 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 1,184,664,546.94 1,229,403,560.43
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
Insured savings and net increase of 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 9,062,497.87 10,441,404.81
Other cash received concerning operating activities 16,076,546.47 9,985,294.76
Subtotal of cash inflow arising from operating activities 1,209,803,591.28 1,249,830,260.00
Cash paid for purchasing commodities and receiving labor service 851,551,831.69 751,309,501.19
Net increase of customer loans and advances
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
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 139,506,122.67 136,574,532.95
Taxes paid 81,335,497.12 156,144,880.47
Other cash paid concerning operating activities 44,100,808.35 69,906,065.45
Subtotal of cash outflow arising from operating activities 1,116,494,259.83 1,113,934,980.06
Net cash flows arising from operating activities 93,309,331.45 135,895,279.94
II. Cash flows arising from investing activities:
Cash received from recovering investment 291,000,000.00
Cash received from investment income 9,361,866.44
Net cash received from disposal of fixed, intangible and other long-term assets 1,300,038.80 558,246.95
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 301,661,905.24 558,246.95
Cash paid for purchasing fixed, intangible and other long-term assets 50,926,861.48 35,028,155.94
Cash paid for investment 411,700,000.00 199,208,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 462,626,861.48 234,236,155.94
Net cash flows arising from investing activities -160,964,956.24 -233,677,908.99
III. Cash flows arising from financing activities:
Cash received from absorbing investment 2,866,028,910.00
Including: Cash received from absorbing minority shareholders’ investment by
subsidiaries
Cash received from loans 230,000,000.00 570,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 230,000,000.00 3,436,028,910.00
Cash paid for settling debts 1,065,000,000.00
Cash paid for dividend and profit distributing or interest paying 2,342,493.14 6,100,872.13
Including: Dividend and profit of minority shareholder paid by subsidiaries
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Other cash paid concerning financing activities 10,668,810.60
Subtotal of cash outflow from financing activities 2,342,493.14 1,081,769,682.73
Net cash flows arising from financing activities 227,657,506.86 2,354,259,227.27
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 160,001,882.07 2,256,476,598.22
Add: Balance of cash and cash equivalents at the period -begin 2,432,803,698.08 745,778,764.22
VI. Balance of cash and cash equivalents at the period -end 2,592,805,580.15 3,002,255,362.44
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
6. Cash flow statement of parent company
Prepared by Weifu High-Technology Group Co., Ltd
Unit: 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 641,696,553.96 762,266,756.05
Write-back of tax received
Other cash received concerning operating activities 10,361,103.68 3,014,306.18
Subtotal of cash inflow arising from operating activities 652,057,657.64 765,281,062.23
Cash paid for purchasing commodities and receiving labor service 331,612,802.21 328,246,426.73
Cash paid to/for staff and workers 58,273,921.29 52,954,159.55
Taxes paid 31,412,081.17 46,932,499.52
Other cash paid concerning operating activities 10,107,784.19 31,480,068.85
Subtotal of cash outflow arising from operating activities 431,406,588.86 459,613,154.65
Net cash flows arising from operating activities 220,651,068.78 305,667,907.58
II. Cash flows arising from investing activities:
Cash received from recovering investment 291,000,000.00
Cash received from investment income 209,361,866.44
Net cash received from disposal of fixed, intangible and other long-term assets 79,100.96 3,076.92
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 500,440,967.40 3,076.92
Cash paid for purchasing fixed, intangible and other long-term assets 22,733,794.09 11,272,777.35
Cash paid for investment 411,700,000.00 199,208,000.00
Net cash received from subsidiaries and other units
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无锡威孚高科技集团股份有限公司 2013 年第一季度报告全文
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 434,433,794.09 210,480,777.35
Net cash flows arising from investing activities 66,007,173.31 -210,477,700.43
III. Cash flows arising from financing activities:
Cash received from absorbing investment 2,866,028,910.00
Cash received from loans 200,000,000.00 570,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 200,000,000.00 3,436,028,910.00
Cash paid for settling debts 1,035,000,000.00
Cash paid for dividend and profit distributing or interest paying 1,204,000.00 5,649,955.46
Other cash paid concerning financing activities 10,668,810.60
Subtotal of cash outflow from financing activities 1,204,000.00 1,051,318,766.06
Net cash flows arising from financing activities 198,796,000.00 2,384,710,143.94
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 485,454,242.09 2,479,900,351.09
Add: Balance of cash and cash equivalents at the period -begin 1,524,564,526.97 132,135,416.49
VI. Balance of cash and cash equivalents at the period -end 2,010,018,769.06 2,612,035,767.58
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
Board of Director of
Weifu High-Technology Group Co., Ltd
Chairman:
Chen Xuejun
25 April 2013
20
