无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
Stock Code: 000581, 200581 Notice No.: 2014-013
Short Form of the Stock: Weifu High- Tech, Su Weifu-B
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 年第一季度报告正文
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
428,270,821.48 258,992,721.69 65.36%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 424,200,694.33 239,141,893.37 77.38%
non-recurring 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
10,006,483,375.52 9,600,765,223.81 4.23%
listed 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
85,967.63
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to national 219,920.00
standards, which are closely relevant 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 年第一季度报告正文
Other non-operating income and expenditure except for the
1,078,488.77
aforementioned items
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 shareholders
43,650
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% 204,059,398 118,967,998
CROUP CO., LTD. legal person
Foreign legal
ROBERT BOSCH GMBH 14% 142,841,400 115,260,600
person
Domestic
China Construction Bank- Fullgoal Tianbo
non-state-owned 1.81% 18,500,346
Innovation Theme Stock Fund,
legal person
BBH BOS S/A FIDELITY FD - CHINA Foreign legal
1.54% 15,722,693
FOCUS FD person
Domestic
BOCOM—Fullgoal Tianyi Value Security
non-state-owned 1.43% 14,600,000
Investment Fund
legal person
Domestic
CCB—Yinhua Core Value Selected
non-state-owned 1.08% 11,026,311
Securities Investment Fund
legal person
Domestic
National Social Security Fund-106 portfolio non-state-owned 0.87% 8,924,504
legal person
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
Domestic
NCI—Bonus—Individual Bonus
non-state-owned 0.86% 8,723,489
-018L-FH002 Shen
legal person
Domestic
National Social Security Fund-103 portfolio non-state-owned 0.8% 8,175,789
legal person
Domestic
Bosch Value Growth Securities Investment
non-state-owned 0.68% 6,898,803
Fund
legal person
Top ten shareholders with unrestricted shares held
Amount of Type of shares
Shareholder’s name unrestricted shares
Type Amount
held
RMB common
WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. 85,091,400 85,091,400
share
Domestically
ROBERT BOSCH GMBH 27,580,800 listed foreign 27,580,800
share
China Construction Bank－Fullogoal Tianbo Innovation Theme Stock RMB common
18,500,346 18,500,346
Securities Investment Fund share
Domestically
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,722,693 listed foreign 15,722,693
share
RMB common
BOCOM—Fullgoal Tianyi Value Security Investment Fund 14,600,000 14,600,000
share
RMB common
CCB—Yinhua Core Value Selected Securities Investment Fund 11,026,311 11,026,311
share
RMB common
National Social Security Fund-106 portfolio 8,924,504 8,924,504
share
RMB common
NCI—Bonus—Individual Bonus -018L-FH002 Shen 8,723,489 8,723,489
share
RMB common
National Social Security Fund-103 portfolio 8,175,789 8,175,789
share
RMB common
Bosch Value Growth Securities Investment Fund 6,898,803 6,898,803
share
Among the top ten shareholders, the Company knew
Note of related relationship among the above shareholders and concerted there has no associated relationship between Wuxi
actors Industry Development Croup Co., Ltd., the first largest
shareholder of the Company, and other shareholders; and
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
they do not belong to the consistent actionist regulated
by the Management 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 年第一季度报告正文
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.
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
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:
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 disclosur
disclosure
e
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
‖Report of Privately Placement and
most. On 10 February 2012, the ―Capital Verification Report‖ (Su Gong
2012-02 Summary of Listed Company Statement‖
W [2012] No. B006) was issued by Jiangsu Gongzheng Tianye Certified
-28 (No.: 2012-12) public on Juchao Website
Public Accountants Co., Ltd: ended as 10 February 2012, Weifu High-Tech
(www.cninfo.com.cn)
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.
The ―Proposal of Changing the Investment Plan with Raised Proceeds‖ has ―Notice of Changing Investment Plan of
been deliberated and approve by 9 meeting of 7 session of the Board held 2013-03 Fund Raised Projects ‖ (No.: 2013-007)
th th
on 26 March 2013 and annual general meeting of 2012 held on 23 May -28 public on Juchao Website
2013 respectively. As for the of the raised fund projects, investment amount (www.cninfo.com.cn)
for the industrialization of tail treatment system was changed from RMB 260 ―Resolution Notice of Annual General
2013-05
million to RMB 340 million, the adjusted part will supply with self-owned Meeting of 2012‖ (No.: 2013-014) public
-24
capital totally. on Juchao Website (www.cninfo.com.cn)
―Specific Report of Deposit and
2013-03
Specific Report of Deposit and Application of Fund Raised for year of 2012 Application of Fund Raised for year of
-28
2012‖ public on Juchao Website
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
(www.cninfo.com.cn)
‖ Specific Report for the Deposit and
Specific Report for the Deposit and Utilization for Fund Raised for year of 2014-04 Utilization for Fund Raised for year of
2013 -15 2013‖ public on Juchao Website
(www.cninfo.com.cn)
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 and shareholders of the Implemen
Wuxi Industry Company, Weifu Industry Group committed: after ted after
2006-04-0
Share Merger Reform Development Weifu High-tech finishing Share Merger Reform, related
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Group Co., Ltd 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
Commitments in initial Development
Wuxi Industry Group and foreign strategy investor Implemen
public offering or Group Co., Ltd
ROBERT BOSCH GMBH. The above said shares ting
refinancing and ROBERT
are listed for trading in Shenzhen Stock Exchange
BOSCH GMBH
since 29 February 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)
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
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
□ Applicable √ Not applicable
V. Securities Investment
Proporti
on of
stock-h Amount of Proporti
Amount of
on of Gains
stock-holdi olding stock-holdi
Variet stock-ho Book value at and loss
Code of Short Initial ng at the Account Sourc
y of at the ng at the lding at the end of the in the
securiti form of investment beginning ing e of
securit the end period reportin
es securities cost(RMB) of the beginni end of the subject stock
ies of the (RMB) g
period
ng of period period (RMB)
(Share)
(%)
the (Share)
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
Subsc
Miracle l assets
Stock 002009 69,331,500.00 9,300,000 2.9% 9,300,000 2.9% 110,019,000.00 riptio
Logistics available
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
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
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 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 the end of the reporting period the Company held
Miracle Logistics 9.3 million shares.
VI. Derivative Investment
In ten thousand Yuan
Ratio of
Investm
Amount of investment Actual
Whether ent
reserve for Investment amount at gains/l
Related related Initial amount
Operator Type Start End devaluation of amount at period-end in osses
relationship trade or investment at
date date withdrawing period-end net assets of the in
not period-b
(if applicable) Company at period
egin
period-end (%)
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
Date Place Method Investor
investors materials supplied
Eighteen persons from CITIC, Fullgoal Fund, Hua’An
Office of Fund, Penghua Fund, South Korea Investment, Future Communicated with the
2014-0 Field
the Institution Assets, Tokyo Sea Assets Company, Neuberger Berman, Company with their-owned
3-04 research
Board Runhui Investment, Goldstate Securities, China concerned issues
International Fund Management, Zhizhu Investment,
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无锡威孚高科技集团股份有限公司 2014 年第一季度报告正文
BOC International Assets Management and
Hutai-PineBridge Investment
Board of Director of
Weifu High-Technology Group Co., Ltd
29 April 2014
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