无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2014
April 2014
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无锡威孚高科技集团股份有限公司 2014 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
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.
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not
□Yes √ No
Changes of this period over same
Current Period Same period of last year
period of last year (%)
Operating income (RMB) 1,683,594,542.57 1,334,022,363.78 26.2%
Net profit attributable to shareholders of the
428,270,821.48 258,992,721.69 65.36%
listed company(RMB)
Net profit attributable to shareholders of the
listed company after deducting non-recurring 424,200,694.33 239,141,893.37 77.38%
gains and losses(RMB)
Net cash flow arising from operating
138,667,588.16 93,309,331.45 48.61%
activities(RMB)
Basic earnings per share (RMB/Share) 0.42 0.25 68%
Diluted earnings per share (RMB/Share) 0.42 0.25 68%
Weighted average ROE (%) 4.37% 2.94% 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) 13,847,905,922.01 13,074,232,730.91 5.92%
Net assets attributable to shareholder of listed
10,006,483,375.52 9,600,765,223.81 4.23%
company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the write-off that
85,967.63
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 219,920.00
to enterprise’s business)
Gain/loss from commissioned investment or assets 3,887,972.64
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Other non-operating income and expenditure except for the aforementioned items 1,078,488.77
Less : impact on income tax 691,206.36
Impact on minority shareholders’ equity (post-tax) 511,015.53
Total 4,070,127.15 --
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
II. Total number of shareholders at the end of this report period and top ten shareholders
In shares
Total number of shareholdersat the end of report period 43,650
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Shareholder’s name Nature of shareholder of shares restricted
held (%) shares held State of
shares held Amount
share
WUXI INDUSTRY DEVELOPMENT State-owned
20% 204,059,398 118,967,998
CROUP CO., LTD. legal person
ROBERT BOSCH GMBH Foreign legal person 14% 142,841,400 115,260,600
Domestic
China Construction Bank- Fullgoal
non-state-owned legal 1.81% 18,500,346
Tianbo Innovation Theme Stock Fund,
person
BBH BOS S/A FIDELITY FD - CHINA
Foreign legal person 1.54% 15,722,693
FOCUS FD
Domestic
BOCOM—Fullgoal Tianyi Value Security
non-state-owned legal 1.43% 14,600,000
Investment Fund
person
Domestic
CCB—Yinhua Core Value Selected
non-state-owned legal 1.08% 11,026,311
Securities Investment Fund
person
Domestic
National Social Security Fund-106
non-state-owned legal 0.87% 8,924,504
portfolio
person
Domestic
NCI—Bonus—Individual Bonus
non-state-owned legal 0.86% 8,723,489
-018L-FH002 Shen
person
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Domestic
National Social Security Fund-103
non-state-owned legal 0.8% 8,175,789
portfolio
person
Domestic
Bosch Value Growth Securities
non-state-owned legal 0.68% 6,898,803
Investment Fund
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. 85,091,400 RMB common share 85,091,400
Domestically listed foreign
ROBERT BOSCH GMBH 27,580,800 27,580,800
share
China Construction Bank－Fullogoal Tianbo Innovation Theme
18,500,346 RMB common share 18,500,346
Stock Securities Investment Fund
Domestically listed foreign
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,722,693 15,722,693
share
BOCOM—Fullgoal Tianyi Value Security Investment Fund 14,600,000 RMB common share 14,600,000
CCB—Yinhua Core Value Selected Securities Investment Fund 11,026,311 RMB common share 11,026,311
National Social Security Fund-106 portfolio 8,924,504 RMB common share 8,924,504
NCI—Bonus—Individual Bonus -018L-FH002 Shen 8,723,489 RMB common share 8,723,489
National Social Security Fund-103 portfolio 8,175,789 RMB common share 8,175,789
Bosch Value Growth Securities Investment Fund 6,898,803 RMB common share 6,898,803
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
Note of related relationship among the above shareholders and to the consistent actionist regulated by the Management
concerted actors Measure of Information Disclosure on Change of
Shareholding for Listed Company. Fullgoal Tianbo Innovation
Theme Stock Securities Investment Fund and Fullgoal Tianyi
Value Security Investment Fund shares same fund manager
–Fullgoal Fund Management Co., Ltd.
Agree to buy-back dealings occurred in Period by shareholders
□Yes √No
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无锡威孚高科技集团股份有限公司 2014 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. Account receivable: incrasing RMB 412.1188 million in period-end over that of year beginning with 36.38% up,
mainly due to the growth of sales;
2. Interest payable: decrasing RMB 48.8870 million in period-end over that of year beginning with 95.04% down,
mainly because receivable interest of last year was collected in the Period;
3. Held-to-maturity investment: decrasing RMB 200 million in period-end over that of year beginning with 50%
down, mainly because the entrust finacnial investment due within one year was transferred to other current assets;
4. Constrution in process: incrasing RMB 98.5821 million in period-end over that of year beginning with 49.42%
up, mainly due to the investment for Weifu Industrial Park;
5. Taxes payable: incrasing RMB 45.3886 million in period-end over that of year beginning with 103.59% up,
mainly because payable income tax increased;
6. Operation expenses: increased RMB 13.2069 million form a year earlier with 32.06% up mainly due to the
growth of operation revenue;
7. Administration expenses: increased RMB 54.1872 million form a year earlier with 46.66% up mainly due to the
growth of salary for employee;
8. Investment earnings: increased RMB 152.5489 million form a year earlier with 123.20% up, mainly because
the stock jointly enterprise of the Company gains more profit;
9. Ne profit: increased RMB 173.9037 million form a year earlier with 64.68% up, mainly because business of the
Company growth steadily in the Period and profit from stock jointly enterprise increased;
10. Net cash flow from operation activities: increased RMB 45.3583 million form a year earlier with 48.61% up
mainly due to the growth of sales;
11. Net cash flow from financing activities: decreased RMB 221.3367 million form a year earlier with 97.22%
down mainly due to the y-o-y down in loans in the Period.
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:
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
1. R& D AS WELL AS INDUSTRIALIZATION OF WAPS AND CAPACITY PROMOTION FOR PARTS OF
DIESEL COMMON RAIL SYSTEM
Currently, with the promotion of emission standards of National IV, common rail products have complete cover
the market of National IV, the common rail components matching the Bosch diesel common rail products are in
short supply; as for components involved in the project with diesel common rail system, the Company is in the
process of improving capacity so far.
2. Industrial park project:
The project is now well under way and expected to move at end of 2014.
3. Auto power battery materials and power battery research project
Due to a great uncertainty in technology and policy, the Company was prudent for this project and continued to
follow development of power battery and would make decisions if needed.
Date for Information index for temporary report
Overview
disclosure disclosure
On 21 January 2012, the CSRC approve and issue the ―Reply of
Approval of Privately Placement of Weifu High-Technology Group Co.,
Ltd.‖ (Zheng Jian Xu Ke [2012] No.: 109) for 112,858,000 new shares
offering privately at most. On 10 February 2012, the ―Capital ‖Report of Privately Placement and
Verification Report‖ (Su Gong W [2012] No. B006) was issued by 2012-02-2 Summary of Listed Company Statement‖
Jiangsu Gongzheng Tianye Certified Public Accountants Co., Ltd: ended 8 (No.: 2012-12) public on Juchao Website
as 10 February 2012, Weifu High-Tech offered 112,858,000 RMB (www.cninfo.com.cn)
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.
The ―Proposal of Changing the Investment Plan with Raised Proceeds‖ ―Notice of Changing Investment Plan of
has been deliberated and approve by 9th meeting of 7th session of the 2013-03-2 Fund Raised Projects ‖ (No.: 2013-007)
Board held on 26 March 2013 and annual general meeting of 2012 held 8 public on Juchao Website
on 23 May 2013 respectively. As for the of the raised fund projects, (www.cninfo.com.cn)
investment amount for the industrialization of tail treatment system was ―Resolution Notice of Annual General
2013-05-2
changed from RMB 260 million to RMB 340 million, the adjusted part Meeting of 2012‖ (No.: 2013-014) public on
4
will supply with self-owned capital totally. Juchao Website (www.cninfo.com.cn)
―Specific Report of Deposit and Application
Specific Report of Deposit and Application of Fund Raised for year of 2013-03-2
of Fund Raised for year of 2012‖ public on
2012 8
Juchao Website (www.cninfo.com.cn)
‖ Specific Report for the Deposit and
Specific Report for the Deposit and Utilization for Fund Raised for year 2014-04-1 Utilization for Fund Raised for year of 2013‖
of 2013 5 public on Juchao Website
(www.cninfo.com.cn)
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
III. Commitments from the Company or shareholder with over 5% share held in reporting
period or continues to reporting period
Implemen
Item of Commitments Promisee Content of commitments Date Term
tation
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 Implemen
Wuxi Industry and shareholders of the Company, Weifu Industry Group ted after
2006-04
Share Merger Reform Development committed: after Weifu High-tech finishing Share Merger related
-05
Group Co., Ltd Reform, under related regulations of the state and Wuxi policy
government in terms of governance encouragement released
system of listed company, the Group would the stock
incentive plan for management level of Weifu High-tech.
Commitments made in
acquisition report or
equity change report
Commitments in assets
reorganization
The privately offering of the Company totally issue
Wuxi Industry
112,858,000 A-shares to substantial shareholder Wuxi
Commitments in initial Development
Industry Group and foreign strategy investor ROBERT Implemen
public offering or Group Co., Ltd
BOSCH GMBH. The above said shares are listed for ting
refinancing and ROBERT
trading in Shenzhen Stock Exchange since 29 February
BOSCH GMBH
2012 with 36-month restriction
Other commitments to
minority shareholders of
the Company
Perform the commitment
Yes
promptly or not
Specific reason
For non-performance and
Not applicable
the next plan (if
applicable)
IV. Forecast of operation performance from Jan. – June of 2014
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
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
□ Applicable √ Not applicable
V. Securities Investment
Propo
rtion
of
stock-
Amount of Proportio
Amount of Gains
stock-holdi holdin n of
Variet Short Book value at and loss
Code of Initial ng at the stock-holding stock-hol Account Sourc
y of form of g at the end of the in the
securitie investment beginning ding at ing e of
securit securiti at the end of period reportin
s cost(RMB) of the the the end of subject stock
ies es (RMB) g
period the period the period
begin (RMB)
(Share) (%)
(Share)
ning
of the
period
(%
Financia
Subsc
l assets
Stock 600841 SDEC 199,208,000.00 23,680,000 2.72% 23,680,000 2.72% 247,692,800.00 riptio
available
n
for sales
Financia
Miracle Subsc
l assets
Stock 002009 Logisti 69,331,500.00 9,300,000 2.9% 9,300,000 2.9% 110,019,000.00 riptio
available
cs n
for sales
Total 268,539,500.00 32,980,000 -- 32,980,000 -- 357,711,800.00 0.00 -- --
Disclosure date of 2012-03-24
securities investment
2013-06-04
approval of Board report
Disclosure date of
securities investment
approval of Board
report(if applicable)
Explanation on holding equity of other listed company
√Applicable □ Not applicable
On 24th March 2012, 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
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
subscription in 12 months, restricted period (2012-3-23-2013-3-22).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.
In May 2013, in line with the define authority in ―Decision-making System of Major Investment and Financial‖, being discussed by
the management and approved from the Chairman, the Company decide to subscribe 9.3 million private placement shares from
Miracle Logistics with RMB 7.455 per share, a 2.9 percent in total share capital of Miracle Logistics after placement. The Company
committed no transfer after the subscription in 12 months, restricted period (4 June 2013 to 3 June 2014).at th e end of the reporting
period the Company held Miracle Logistics 9.3 million shares.
VI. Derivative Investment
In ten thousand Yuan
Ratio of
investmen
Amount
t amount
of reserve
at
for Investme
Whether period-en Actual
Related Investment devaluati nt amount
related Initial d in net gains/loss
Operator relationsh Type Start End amount at on of at
trade or investment assets of es in
ip date date period-begin withdrawi period-en
not the period
ng (if d
Company
applicable
at
)
period-en
d (%)
Total 0 -- -- 0 0 0% 0
Capital resource Not applicable
Disclosure date for approval from the
Board for investment of derivatives (if
applicable)
Disclosure date for approval from board of
shareholders for investment of derivatives
(if applicable)
VII. Registration form for receiving research, communication and interview in the report period
Type of Contents discussed and materials
Date Place Method Investor
investors supplied
Eighteen persons from CITIC, Fullgoal
Fund, Hua’An Fund, Penghua Fund, Communicated with the
2014-03-0 Office of Field
Institution South Korea Investment, Future Assets, Company with their-owned
4 the Board research
Tokyo Sea Assets Company, Neuberger concerned issues
Berman, Runhui Investment, Goldstate
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Securities, China International Fund
Management, Zhizhu Investment, BOC
International Assets Management and
Hutai-PineBridge Investment
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无锡威孚高科技集团股份有限公司 2014 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
In RMB
Item Closing balance Opening balance
Current assets:
Monetary fund 2,378,722,013.16 2,447,555,672.40
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 1,189,813,856.61 1,090,280,233.40
Account receivable 1,544,954,219.30 1,132,835,466.09
Accounts paid in advance 216,787,531.71 174,401,410.49
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 2,551,601.24 51,438,634.58
Dividend receivable 22,937,046.01 22,937,046.01
Other receivables 15,166,552.99 11,486,223.97
Purchase restituted finance asset
Inventories 989,829,769.81 986,790,491.70
Non-current asset due within one year
Other current assets 1,661,952,674.26 1,580,056,398.02
Total current assets 8,022,715,265.09 7,497,781,576.66
Non-current assets:
Granted entrust loans and advances
Financial assets available for sale 357,711,800.00 385,009,400.00
Hold-to-maturity investment 200,000,000.00 400,000,000.00
Long-term account receivable
Long-term equity investment 2,994,981,440.24 2,622,500,708.20
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Investment real estate 3,310,431.15 3,424,363.44
Fixed assets 1,473,417,101.18 1,471,037,804.88
Construction in process 298,045,454.00 199,463,338.80
Engineering material
Disposal of fixed asset
Productive biological assets
Oil and gas asset
Intangible assets 358,368,600.42 360,284,868.85
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 15,630,400.56 16,331,775.24
Deferred income tax asset 121,941,342.58 116,614,808.05
Other non-current asset
Total non-current asset 5,825,190,656.92 5,576,451,154.25
Total assets 13,847,905,922.01 13,074,232,730.91
Current liabilities:
Short-term loans 409,000,000.00 399,500,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Transaction financial liabilities
Notes payable 469,289,204.30 383,418,397.65
Accounts payable 1,687,204,235.55 1,476,781,979.39
Accounts received in advance 35,354,822.39 42,297,015.90
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 307,955,710.44 295,838,993.71
Taxes payable 89,203,203.12 43,814,597.61
Interest payable 1,331,622.22 996,716.67
Dividend payable
Other accounts payable 84,685,590.05 87,324,894.86
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 2014 年第一季度报告全文
Security sales of agency
Non-current liabilities due within 1 year
Other current liabilities 30,941,251.03 26,314,544.23
Total current liabilities 3,114,965,639.10 2,756,287,140.02
Non-current liabilities:
Long-term loans 60,000,000.00 60,000,000.00
Bonds payable
Long-term account payable 19,191,818.00 19,191,818.00
Special accounts payable 7,390,735.29 25,655,817.40
Projected liabilities
Deferred income tax liabilities 15,815,996.15 19,938,394.40
Other non-current liabilities 215,112,122.72 195,506,040.61
Total non-current liabilities 317,510,672.16 320,292,070.41
Total liabilities 3,432,476,311.26 3,076,579,210.43
Owners’ equity(or Shareholders’ equity):
Paid-in capital( or share capital) 1,020,200,992.00 1,020,200,992.00
Capital public reserve 3,705,839,144.57 3,729,042,104.57
Less: Inventory shares
Reasonable reserve 1,905,431.42 1,255,141.19
Surplus public reserve 433,608,687.76 433,608,687.76
Provision of general risk
Retained profit 4,844,929,119.77 4,416,658,298.29
Balance difference of foreign currency translation
Total owner’s equity attributable to parent Company 10,006,483,375.52 9,600,765,223.81
Minority interests 408,946,235.23 396,888,296.67
Total owner’s equity( or shareholders equity) 10,415,429,610.75 9,997,653,520.48
Total liabilities and owner’s equity( or shareholders equity) 13,847,905,922.01 13,074,232,730.91
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 2014 年第一季度报告全文
2. Balance sheet of parent company
Prepared by Weifu High-Technology Group Co., Ltd
In RMB
Item Closing balance Opening balance
Current assets:
Monetary fund 1,572,900,988.43 1,485,894,410.54
Transaction finance asset
Notes receivable 344,197,054.45 348,205,626.83
Account receivable 794,095,063.05 665,090,625.52
Accounts paid in advance 122,463,729.87 85,580,666.96
Interest receivable 45,000,000.00
Dividend receivable 21,925,117.50 21,925,117.50
Other receivables 3,094,197.69 2,907,285.14
Inventory 240,249,475.38 226,017,992.28
Non-current asset due within one year
Other current assets 1,651,100,000.00 1,562,100,000.00
Total current assets 4,750,025,626.37 4,442,721,724.77
Non-current assets:
Financial assets available for sale 357,711,800.00 385,009,400.00
Hold-to-maturity investment 200,000,000.00 400,000,000.00
Long-term account receivable
Long-term equity investment 3,972,641,227.74 3,632,576,088.69
Investment real estate
Fixed assets 641,750,776.03 640,596,120.54
Construction in process 226,337,563.42 136,613,517.22
Engineering material
Disposal of fixed asset
Productive biological assets
Oil and gas asset
Intangible assets 197,620,169.63 198,885,843.05
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 69,627,634.29 64,315,609.74
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Other non-current asset
Total non-current asset 5,665,689,171.11 5,457,996,579.24
Total assets 10,415,714,797.48 9,900,718,304.01
Current liabilities:
Short-term loans 220,000,000.00 220,000,000.00
Transaction financial liabilities
Notes payable 212,180,000.00 191,790,000.00
Accounts payable 655,739,888.26 596,257,017.04
Accounts received in advance 16,229,903.16 17,577,849.84
Wage payable 206,297,873.51 183,313,610.02
Taxes payable 33,121,460.09 38,260,172.61
Interest payable 340,511.11 340,511.11
Dividend payable
Other accounts payable 376,041,284.92 219,154,760.28
Non-current liabilities due within 1 year
Other current liabilities 1,004,255.04
Total current liabilities 1,720,955,176.09 1,466,693,920.90
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable 7,390,735.29 7,390,735.29
Projected liabilities
Deferred income tax liabilities 13,375,845.00 17,470,485.00
Other non-current liabilities 181,898,815.24 181,898,815.24
Total non-current liabilities 202,665,395.53 206,760,035.53
Total liabilities 1,923,620,571.62 1,673,453,956.43
Owners’ equity(or Shareholders’ equity):
Paid-in capital( or share capital) 1,020,200,992.00 1,020,200,992.00
Capital public reserve 3,737,044,514.50 3,760,247,474.50
Less: Inventory shares
Reasonable reserve 215,180.91
Surplus public reserve 433,608,687.76 433,608,687.76
Provision of general risk
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Retained profit 3,301,024,850.69 3,013,207,193.32
Balance difference of foreign currency translation
Total owner’s equity( or shareholders equity) 8,492,094,225.86 8,227,264,347.58
Total liabilities and owner’s equity( or shareholders equity) 10,415,714,797.48 9,900,718,304.01
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
In RMB
Item Current Period Last Period
I. Total operating income 1,683,594,542.57 1,334,022,363.78
Including: Operating income 1,683,594,542.57 1,334,022,363.78
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,491,542,332.33 1,156,859,926.76
Including: Operating cost 1,268,902,399.56 1,011,573,663.63
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 11,550,822.68 8,486,738.35
Sales expenses 54,405,371.09 41,198,479.20
Administration expenses 170,308,830.62 116,121,594.31
Financial expenses -10,321,824.79 -19,793,631.85
Losses of devaluation of asset -3,303,266.83 -726,916.88
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 276,368,704.68 123,819,836.71
Including: Investment income on affiliated Company and joint venture 272,480,732.04 101,207,970.27
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 2014 年第一季度报告全文
III. Operating profit (Loss is listed with ―-‖) 468,420,914.92 300,982,273.73
Add: Non-operating income 1,944,072.88 1,219,840.73
Less: Non-operating expense 2,163,476.86 1,761,123.83
Including: Disposal loss of non-current asset 81,365.11 284,847.10
IV. Total Profit (Loss is listed with ―-‖) 468,201,510.94 300,440,990.63
Less: Income tax 25,430,683.49 31,573,832.27
V. Net profit (Net loss is listed with ―-‖) 442,770,827.45 268,867,158.36
Including: net profit realized for merged party before combination
Net profit attributable to owner’s equity of parent Company 428,270,821.48 258,992,721.69
Minority shareholders’ gains and losses 14,500,005.97 9,874,436.67
VI. Earnings per share -- --
i. Basic earnings per share 0.42 0.25
ii. Diluted earnings per share 0.42 0.25
VII. Other consolidated income -23,202,960.00 19,322,880.00
VIII. Total consolidated income 419,567,867.45 288,190,038.36
Total consolidated income attributable to owners of parent Company 405,067,861.48 278,315,601.69
Total consolidated income attributable to minority shareholders 14,500,005.97 9,874,436.67
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
In RMB
Item Current Period Last Period
I. Operation income 675,711,019.98 562,870,659.40
Less: Operation cost 546,962,794.09 453,908,599.37
Operating tax and extras 3,549,069.78 3,263,295.86
Sales expenses 36,289,027.93 18,937,451.86
Administration expenses 81,880,571.35 39,299,617.52
Financial expenses -12,454,490.05 -19,084,039.11
Losses of devaluation of asset -3,400,000.00
Add: Changing income of fair value(Loss is listed with ―-‖)
Investment income (Loss is listed with ―-‖) 262,810,689.78 114,656,830.58
Including: Investment income on affiliated Company and joint venture 259,395,560.45 92,044,964.14
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
II. Operating profit (Loss is listed with ―-‖) 285,694,736.66 181,202,564.48
Add: Non-operating income 1,655,773.66 661,676.64
Less: Non-operating expense 765,888.26 659,161.29
Including: Disposal loss of non-current asset 77,177.24 49,478.63
III. Total Profit (Loss is listed with ―-‖) 286,584,622.06 181,205,079.83
Less: Income tax -1,233,035.31 13,696,312.64
IV. Net profit (Net loss is listed with ―-‖) 287,817,657.37 167,508,767.19
V. Earnings per share -- --
i. Basic earnings per share
ii. Diluted earnings per share
VI. Other consolidated income -23,202,960.00 19,322,880.00
VII. Total consolidated income 264,614,697.37 186,831,647.19
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
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 1,435,402,209.66 1,184,664,546.94
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 10,929,709.79 9,062,497.87
Other cash received concerning operating activities 71,499,997.49 16,076,546.47
Subtotal of cash inflow arising from operating activities 1,517,831,916.94 1,209,803,591.28
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Cash paid for purchasing commodities and receiving labor service 996,657,866.05 851,551,831.69
Net increase of customer loans and advances
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 197,225,620.41 139,506,122.67
Taxes paid 113,216,521.97 81,335,497.12
Other cash paid concerning operating activities 72,064,320.35 44,100,808.35
Subtotal of cash outflow arising from operating activities 1,379,164,328.78 1,116,494,259.83
Net cash flows arising from operating activities 138,667,588.16 93,309,331.45
II. Cash flows arising from investing activities:
Cash received from recovering investment 381,000,000.00 291,000,000.00
Cash received from investment income 21,471,878.12 9,361,866.44
Net cash received from disposal of fixed, intangible and other long-term assets 349,973.49 1,300,038.80
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities 6,000,000.00
Subtotal of cash inflow from investing activities 408,821,851.61 301,661,905.24
Cash paid for purchasing fixed, intangible and other long-term assets 194,419,166.40 50,926,861.48
Cash paid for investment 370,000,000.00 411,700,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 5,506,789.16
Subtotal of cash outflow from investing activities 569,925,955.56 462,626,861.48
Net cash flows arising from investing activities -161,104,103.95 -160,964,956.24
III. Cash flows arising from financing activities:
Cash received from absorbing investment 3,047,322.07
Including: Cash received from absorbing minority shareholders’ investment by
3,047,322.07
subsidiaries
Cash received from loans 288,500,000.00 230,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 291,547,322.07 230,000,000.00
Cash paid for settling debts 279,000,000.00
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Cash paid for dividend and profit distributing or interest paying 6,226,473.07 2,342,493.14
Including: Dividend and profit of minority shareholder paid by subsidiaries
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 285,226,473.07 2,342,493.14
Net cash flows arising from financing activities 6,320,849.00 227,657,506.86
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -16,115,666.79 160,001,882.07
Add: Balance of cash and cash equivalents at the period -begin 2,288,739,620.44 2,432,803,698.08
VI. Balance of cash and cash equivalents at the period -end 2,272,623,953.65 2,592,805,580.15
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
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 668,905,632.47 641,696,553.96
Write-back of tax received
Other cash received concerning operating activities 63,544,636.75 10,361,103.68
Subtotal of cash inflow arising from operating activities 732,450,269.22 652,057,657.64
Cash paid for purchasing commodities and receiving labor service 368,063,985.93 331,612,802.21
Cash paid to/for staff and workers 85,822,676.07 58,273,921.29
Taxes paid 44,468,896.17 31,412,081.17
Other cash paid concerning operating activities 24,782,398.00 10,107,784.19
Subtotal of cash outflow arising from operating activities 523,137,956.17 431,406,588.86
Net cash flows arising from operating activities 209,312,313.05 220,651,068.78
II. Cash flows arising from investing activities:
Cash received from recovering investment 403,027,156.69 291,000,000.00
Cash received from investment income 21,471,878.12 209,361,866.44
Net cash received from disposal of fixed, intangible and other long-term assets 231,644.26 79,100.96
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 424,730,679.07 500,440,967.40
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告全文
Cash paid for purchasing fixed, intangible and other long-term assets 144,862,856.53 22,733,794.09
Cash paid for investment 373,169,578.60 411,700,000.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 518,032,435.13 434,433,794.09
Net cash flows arising from investing activities -93,301,756.06 66,007,173.31
III. Cash flows arising from financing activities:
Cash received from absorbing investment
Cash received from loans 200,000,000.00 200,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 200,000,000.00 200,000,000.00
Cash paid for settling debts 200,000,000.00
Cash paid for dividend and profit distributing or interest paying 2,758,000.00 1,204,000.00
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 202,758,000.00 1,204,000.00
Net cash flows arising from financing activities -2,758,000.00 198,796,000.00
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents 113,252,556.99 485,454,242.09
Add: Balance of cash and cash equivalents at the period -begin 1,422,429,501.73 1,524,564,526.97
VI. Balance of cash and cash equivalents at the period -end 1,535,682,058.72 2,010,018,769.06
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
The 1st quarterly report of the Company was unaudited
Board of Director of
Weifu High-Technology Group Co., Ltd
Chairman:
Chen Xuejun
29 April 2014
22
