无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
THE THIRD QUARTERLY REPORT 2018
October 2018
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
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 hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report
deliberation.
Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge of
Accounting Work; Ou Jianbin, Person in Charge of Accounting Organization
(Accounting Officer) hereby confirm that the Financial Report of the Third
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 2018 年第三季度报告全文
Section II. Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets(RMB) 20,773,232,822.40 20,231,006,224.36 2.68%
Net assets attributable to shareholders
15,595,739,954.18 14,835,673,669.75 5.12%
of listed company (RMB)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RMB) 1,898,914,219.62 3.60% 6,859,716,110.61 4.55%
Net profit attributable to shareholders
510,387,493.91 -3.29% 2,055,630,198.83 10.89%
of the listed company (RMB)
Net profit attributable to shareholders
of the listed company after deducting 452,953,425.86 -5.90% 1,831,818,927.43 8.42%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-- -- 506,069,810.46 11.06%
activities(RMB)
Basic earnings per share
0.51 -3.77% 2.04 10.87%
(RMB/Share)
Diluted earnings per share
0.51 -3.77% 2.04 10.87%
(RMB/Share)
Weighted average ROE 3.41% -0.40% 13.33% -0.34%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin
Item Note
to end of the Period
Gains/losses from the disposal of non-current asset (including the write-off that accrued
-5,470,321.32
for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including the subsidy
30,811,684.32
enjoyed in quota or ration according to national standards, which are closely relevant to
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
enterprise’s business)
Gains/losses from entrusted investment or assets management 239,529,818.37
Restoring of receivable impairment provision that tested individually 512,580.00
Other non-operating income and expenditure except for the aforementioned items 357,642.14
Less: impact on income tax 40,267,115.83
Impact on minority shareholders’ equity (post-tax) 1,663,016.28
Total 223,811,271.40 --
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. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total common shareholders at the Total preferred stockholders with voting rights
63,367 0
end of report period recover at the end of report period (if applicable)
Top ten shareholders
Number of share
Proportion Amount of
Nature of Amount of pledged/frozen
Shareholders of shares restricted
shareholder shares held State of
held shares held Amount
share
WUXI INDUSTRY DEVELOPMENT GROUP State-owned
20.22% 204,059,398
CO., LTD. corporate
ROBERT BOSCH GMBH Foreign corporate 14.16% 142,841,400
Hong Kong Securities Clearing Company Ltd.
Foreign corporate 2.68% 27,062,534
(HKSCC)
Bank of Communication – HSBC Jixin Double
Core Strategy Mixed Securities Investment Other 2.45% 24,749,432
Fund
BBH BOS S/A FIDELITY FD - CHINA
Foreign corporate 1.75% 17,705,754
FOCUS FD
Central Huijin Investment Ltd. State-owned 1.27% 12,811,200
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
corporate
FIDELITY INVMT TRT FIDELITY INTL
Foreign corporate 0.55% 5,568,804
SMALL CAP FUND
State-owned
Huatai Securities Co., Ltd. 0.54% 5,481,598
corporate
Agricultural Bank of China – CIC 500 ETF Other 0.52% 5,294,649
RBC EMERGING MARKETS EQUITY
Foreign corporate 0.47% 4,760,065
FUND
Particular about top ten shareholders with un-restrict shares held
Amount of Type of shares
Shareholders un-restrict common
shares held Type Amount
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 foreign shares 27,580,800
Hong Kong Securities Clearing Company Ltd. (HKSCC) 27,062,534 RMB common shares 27,062,534
Bank of Communication – HSBC Jixin Double Core
24,749,432 RMB common shares 24,749,432
Strategy Mixed Securities Investment Fund
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 17,705,754 Domestically listed foreign shares 17,705,754
Central Huijin Investment Ltd. 12,811,200 RMB common shares 12,811,200
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP
5,568,804 Domestically listed foreign shares 5,568,804
FUND
Huatai Securities Co., Ltd. 5,481,598 RMB common shares 5,481,598
Agricultural Bank of China – CIC 500 ETF 5,294,649 RMB common shares 5,294,649
RBC EMERGING MARKETS EQUITY FUND 4,760,065 Domestically listed foreign shares 4,760,065
Among the top ten shareholders, there has no associated relationship
between Wuxi Industry Development Group Co., Ltd. and other
Explanation on related relationship or concerted action shareholders, the first largest shareholder of the Company; and they do
among the abovementioned shareholders not belong to the consistent actionist regulated by the Management
Measure of Information Disclosure on Change of Shareholding for
Listed Company.
Explanation on top 10 shareholders involving margin
Not applicable
business (if applicable) (see note 4)
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 of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
(I) Changes of items of balance sheet and cause analysis:
1. Other account receivable: increased 13.9407 million Yuan over that of beginning of the year with
185.96% up, mainly due to the increase of intercourse funds between units;
2. Construction in progress: increased 81.4001 million Yuan over that of beginning of the year with 81.12%
up, mainly because equipment for technical improvement increased;
3. Short-term loans: increased 104.7551 million Yuan over that of beginning of the year with 43.11% up,
mainly because loans from subsidiary increased;
4. Taxes payable: decreased 36.9732 million Yuan over that of beginning of the year with 39.39% down,
mainly because income tax payables declined;
5. Deferred income tax liability: decreased 14.9778 million Yuan over that of beginning of the year with
86.05% down, mainly due to the sales of financial assets available for sale and decline of fair value;
6. Other comprehensive income: decreased 84.4024 million Yuan over that of beginning of the year with
96.83% down, mainly because the fair value of financial assets available for sale declined
(II) Changes of items of income statement and cause analysis:
1. Sales expenses: increased 39.08 million Yuan from last period, mainly because guarantee fee and salary for
sales increased on a y-o-y basis;
2. Financial expenses: decreased 16.03 million Yuan from last period, mainly because exchange earnings and
interest income increased on a y-o-y basis
(III) Changes of items of cash flow statement and cause analysis:
1. Net cash flow arising from investment activity: 2400.72 million Yuan declined as out-flow compared with same
period of last year, mainly because recovery of financial products due increased on a y-o-y basis;
2. Net cash flow arising from financing activity: 556.93 million Yuan increased as out-flow compared with same
period of last year, mainly because dividend distribution increased on a y-o-y basis.
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
√ Applicable □Not applicable
(I) Proposed application for listing in the national middle and small enterprises stock transfer system by the
controlling subsidiary Weifu Tianli
On 25 October 2016, the 8th board of directors of the Company held the 9th meeting to consider and approve the
proposal relating to proposed application for listing in the national middle and small enterprises stock transfer
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
system by the controlling subsidiary Ningbo Weifu Tianli Supercharging Technique Co., Ltd. on 30 December
2016, Weifu Tianli was served with the notice of acceptance from the National Middle and Small Enterprise Stock
Transfer System Company Limited (GP2016120120). The relevant announcements (No.: 2016-020, No.:
2016-023 and 2017-001) were published on China Securities Journal, Securities Times, Hong Kong Commercial
Daily and Juchao Information Website (http://www.cninfo.com.cn). At the current stage, this matter is in the
progress of consideration and approval.
(II) Parts of the joint-stock enterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received litigation documents mailed by Shenzhen Intermediate People’s Court
of Guangdong Province (hereinafter referred to as Shenzhen Intermediate People’s Court). The documents were
concerning about the dispute case that the plaintiff applicant China Cinda Asset Management Co., Ltd. Shenzhen
Branch appealed the respondent Weifu High Technology and other seven respondents and the third party
Shenzhen Hejun Venture Holding Co., Ltd. (hereinafter referred to as Hejun Company) damaged the interests of
corporate creditors, two cases are included in total. After civil ruling as No.(2016)Y03MC2490 and No.(2016)
Y03MC2492 from Shenzhen Intermediate People's Court, the assets under the name of above said eight
defendants 217 million Yuan in total are being seal up, seized or freeze. Ended as the reporting period, the 4.71
million shares of Miracle Logistics and 11,739,102 shares of SDEC Stock held by the Company has been freeze.
The first trial open dated 24 September 2017, and further courts will give until further notice.
2. The Company has applied to the Futian Court for compulsory liquidation of Hejun Company. Futian Court has
made a civil ruling ((2017) Yue 0304 QS No. 5) which ruled to execute compulsory liquidation to Hejun Company.
The Company will actively cooperate with the court to do the relevant liquidation work and safeguard the
legitimate rights and interests of the Company.
(III) In accordance with the 15th session of 8th BOD held on 26 March 2018, the Company plans to invest on the
E-round preferred stock issued by Protean Holdings Corp. and a Sino-foreign joint venture will establishes by the
two parties in China. According to the investment cooperation agreement, the company paid the initial investment
of 24 million US dollars on May 21, 2018. The company obtained the equity certificate of subscribing 10,212,765
shares of E-round preferred stock issued by Protean and became a shareholder of the Protean E-round preferred
stock with the equity certificate number of Number E-1, which certified that the Company was the stock holder of
10,212,765 shares under the name of Protean Company. Relevant works with joint venture concerned are still in
smooth process.
Disclosure
Overview Query index for interim notice
date
Proposed application for listing in the
2016-10-27 (Notice No. 2016-023) Published on Juchao Website (www.cninfo.com.cn)
national middle and small enterprises
stock transfer system by the
2017-01-07 (Notice No. 2017-001) Published on Juchao Website (www.cninfo.com.cn)
controlling subsidiary Weifu Tianli
Parts of the joint-stock enterprise’s 2017-03-08 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn)
equity held by the Company freeze
2017-12-06 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn)
The Company invest on the E-round 2018-03-28 (Notice No. 2018-003) Published on Juchao Website (www.cninfo.com.cn)
preferred stock issued by Protean
2018-05-30 (Notice No. 2018-014) Published on Juchao Website (www.cninfo.com.cn)
Holdings Corp. and a Sino-foreign
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
joint venture will establishes by the
two parties in China
III. Commitments that the company, shareholders, actual controller, offeror, directors,
supervisors, senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Estimation of operation performance for year of 2018
Estimation of 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 of reason
□Applicable √Not applicable
V. Particular about security investment
√ Applicable □Not applicable
In RMB
Book Changes
Curre Profit
Account value at in fair Book
Variety Short Cumulativ nt and loss
Code of Initial ing the value of Current value at Sourc
of form of e fair value purch in the Accountin
securiti investm measure beginni the sales the end e of
securitie securitie ent cost changes in ase Reporti g subject
es ment ng of current amount of the stock
s s equity amou ng
model the profit period
nt Period
period and loss
Domesti Financial
Measure
c and 199,208 186,966 -52,859, -2,897,858 37,880, -52,805, 105,848 assets Own
600841 SDEC d by fair
foreign ,000.00 ,000.00 532.00 .24 000.00 846.59 ,940.00 available funds
value
stocks for sales
Domesti Financial
Miracle Measure
c and 69,331, 79,410, -37,632, 5,664,952. -37,397, 41,777, assets Own
002009 Logistic d by fair
foreign 500.00 600.00 900.00 50 400.00 700.00 available funds
s value
stocks for sales
268,539 266,376 -90,492, 2,767,094. 37,880, -90,203, 147,626
Total -- 0.00 -- --
,500.00 ,600.00 432.00 26 000.00 246.59 ,640.00
Disclosure date of 2012-03-24
securities investment
approval from the Board 2013-06-04
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
VI. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Type Capital resources Amount for entrust Balance un-expired Overdue amount
Bank financing product Own funds 348,000 257,000.00 0
Trust financing products Own funds 112,790 97,808.00 0
Other Own funds 166,150 101,546.87 0
Total 626,940 456,354.87 0
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
Amou Summ
nt of ary of
reserv Wheth the
Actual Wheth
Capita Antici e for er items
Truste Sou Refere Actual collect er has
l Criteri pated devalu appro and
e rce S E nce gains/l ed entrust
Trustee invest a for incom ation ved by relate
institut Type Amount of tart nd annual osses gains/l financ
type ment fixing e (if of legal d
ion r fun date date rate of in osses e plan
purpos reward applic withdr proced query
name ds return period in in the
e able) awing ure index
period future
(if (Y/N) (if
applic applic
able) able)
Refere
non-gu nce
Bank Bank
arantee Ow annual Collec
financi financi
d n 2018- 2019- ized 10,012 10,012 ted by
Bank al 581,000 al 5.00% Y Y
floatin fun 01-03 04-08 yield .62 .62 agree
produc produc
g ds by ment
ts ts
income agree
ment
Refere
Non-gu nce
Trust Collec
arantee Ow annual Collec
financi tive
d n 2018- 2019- ized 4,465. 4,465. ted by
Trust ng 143,000 trust 6.00% Y Y
floatin fun 01-04 01-28 yield 24 24 agree
produc schem
g ds by ment
ts e
income agree
ment
Others Other Non-gu 92,000 Ow 2018- 2019- Fund Refere 7.00% 7,738. 7,738. Collec Y Y
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
(funds, arantee n 01-04 09-09 produc nce 04 04 ted by
etc.) d fun ts with annual agree
floatin ds fixed ized ment
g incom yield
income e by
agree
ment
22,215 22,215
Total 816,000 -- -- -- -- -- -- -- -- -- --
.9 .9
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VII. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VIII. Registration form of receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Type of
Date Method Index for the interview and research
investors
Form 1 July to 30 Written The Company answered 36 questions for investors online through the investor relations
Other
September 2018 inquiry interactive platform(http://irm.p5w.net/dqhd/sichuan/)
Telephone
Form 1 July to 30 Basic condition of the Company and views on market in 2017, communication with
communicat Other
September 2018 investors by telephone more than 50
ion
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.
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd.
2018-09-30
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,509,463,828.77 3,118,709,412.83
Settlement provisions
Capital lent
Financial assets measured by fair value and with variation
reckoned into current gains/losses
Derivative financial assets
Notes receivable and accounts receivable 3,539,607,235.77 3,459,834,765.73
Including: Notes receivable 1,569,185,307.75 1,464,256,934.83
Accounts receivable 1,970,421,928.02 1,995,577,830.90
Accounts paid in advance 99,162,409.47 97,576,197.88
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other receivables 21,437,325.55 7,496,602.58
Purchase restituted finance asset
Inventories 1,289,076,968.97 1,478,939,040.70
Assets held for sale
Non-current asset due within one year
Other current assets 4,600,307,214.44 3,887,997,290.53
Total current assets 12,059,054,982.97 12,050,553,310.25
Non-current assets:
Loans and payments on behalf
Finance asset available for sales 428,529,437.51 588,142,869.00
Held-to-maturity investment
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Long-term account receivable
Long-term equity investment 4,640,313,641.90 4,140,064,825.58
Investment property 22,370,181.62 23,544,830.78
Fixed assets 2,653,580,303.49 2,584,872,628.54
Construction in progress 181,745,584.39 100,345,461.28
Productive biological asset
Oil and gas asset
Intangible assets 328,989,308.23 340,632,143.36
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 9,815,220.20 2,969,770.81
Deferred income tax asset 206,472,036.61 203,007,622.23
Other non-current asset 240,578,038.69 195,088,675.74
Total non-current asset 8,714,177,839.43 8,180,452,914.11
Total assets 20,773,232,822.40 20,231,006,224.36
Current liabilities:
Short-term loans 347,755,051.21 243,000,000.00
Loan from central bank
Absorbing deposit and interbank deposit
Capital borrowed
Financial liability measured by fair value and with variation
reckoned into current gains/losses
Derivative financial liability
Notes payable and accounts payable 3,293,500,158.26 3,518,932,964.93
Accounts received in advance 42,149,495.18 42,820,236.07
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 288,697,738.73 327,778,677.29
Taxes payable 56,896,451.30 93,869,690.36
Other accounts payable 62,168,218.94 63,339,869.33
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Liability held for sale
Non-current liabilities due within 1 year 5,000,000.00 10,000,000.00
Other current liabilities
Total current liabilities 4,096,167,113.62 4,299,741,437.98
Non-current liabilities:
Long-term loans 45,000,000.00 45,000,000.00
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable 37,672,354.11 35,761,445.11
Long-term wages payable 30,448,132.88 30,448,132.88
Projected liabilities
Deferred income 438,509,203.17 451,281,721.77
Deferred income tax liabilities 2,428,813.42 17,406,622.39
Other non-current liabilities
Total non-current liabilities 554,058,503.58 579,897,922.15
Total liabilities 4,650,225,617.20 4,879,639,360.13
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 3,416,016,805.42 3,417,841,402.89
Less: Inventory shares
Other comprehensive income 2,767,094.26 87,169,455.01
Reasonable reserve 1,406,334.75 2,606.93
Surplus public reserve 510,100,496.00 510,100,496.00
Provision of general risk
Retained profit 10,656,498,653.75 9,811,609,138.92
Total owner’s equity attributable to parent company 15,595,739,954.18 14,835,673,669.75
Minority interests 527,267,251.02 515,693,194.48
Total owner’s equity 16,123,007,205.20 15,351,366,864.23
Total liabilities and owner’s equity 20,773,232,822.40 20,231,006,224.36
Legal Representative: Chen Xuejun
Person in charge of accounting works: Ou Jianbin
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Person in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 2,082,079,625.40 2,460,413,190.84
Financial assets measured by fair value and with variation
reckoned into current gains/losses
Derivative financial assets
Notes receivable and accounts receivable 1,097,272,196.00 1,496,222,212.94
Including: Notes receivable 337,835,074.44 449,209,323.02
Accounts receivable 759,437,121.56 1,047,012,889.92
Account paid in advance 60,085,649.54 52,269,971.38
Other receivables 179,049,321.92 50,272,280.93
Inventories 412,355,583.48 425,577,163.53
Assets held for sale
Non-current assets maturing within one year
Other current assets 4,409,479,383.64 3,876,370,675.52
Total current assets 8,240,321,759.98 8,361,125,495.14
Non-current assets:
Available-for-sale financial assets 352,589,437.51 512,202,869.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 5,399,944,284.61 4,962,522,689.49
Investment property
Fixed assets 1,555,233,246.69 1,567,315,925.73
Construction in progress 58,605,571.07 29,152,398.74
Productive biological assets
Oil and natural gas assets
Intangible assets 190,321,429.05 196,726,670.75
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 118,450,304.77 114,706,976.54
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Other non-current assets 151,277,872.15 80,866,308.04
Total non-current assets 7,826,422,145.85 7,463,493,838.29
Total assets 16,066,743,905.83 15,824,619,333.43
Current liabilities:
Short-term borrowings 180,000,000.00 78,000,000.00
Financial liability measured by fair value and with variation
reckoned into current gains/losses
Derivative financial liability
Notes payable and accounts payable 1,143,436,609.26 1,541,969,832.85
Accounts received in advance 11,308,413.07 12,242,442.51
Wage payable 197,216,976.02 216,598,203.73
Taxes payable 42,714,113.69 71,370,793.35
Other accounts payable 17,018,808.07 10,076,446.33
Liability held for sale
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 1,591,694,920.11 1,930,257,718.77
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 16,665,236.81 16,665,236.81
Projected liabilities
Deferred income 389,427,693.80 407,070,636.08
Deferred income tax liabilities 488,310.74 15,382,844.99
Other non-current liabilities
Total non-current liabilities 406,581,241.35 439,118,717.88
Total liabilities 1,998,276,161.46 2,369,376,436.65
Owners’ equity:
Share capita 1,008,950,570.00 1,008,950,570.00
Other equity instrument
Including: preferred stock
15
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Perpetual capital securities
Capital public reserve 3,488,221,286.39 3,488,221,286.39
Less: Inventory shares
Other comprehensive income 2,767,094.26 87,169,455.01
Reasonable reserve
Surplus reserve 510,100,496.00 510,100,496.00
Retained profit 9,058,428,297.72 8,360,801,089.38
Total owner’s equity 14,068,467,744.37 13,455,242,896.78
Total liabilities and owner’s equity 16,066,743,905.83 15,824,619,333.43
3. Consolidated Profit Statement (the period)
In RMB
Item Current Period Last Period
I. Total operating income 1,898,914,219.62 1,832,997,683.30
Including: Operating income 1,898,914,219.62 1,832,997,683.30
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,798,429,518.74 1,676,428,752.48
Including: Operating cost 1,500,174,561.45 1,361,927,902.42
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 12,088,931.79 15,034,754.03
Sales expenses 51,306,210.48 47,008,081.61
Administration expenses 149,721,042.18 112,931,116.54
R&D expenses 89,957,375.51 124,336,900.21
Financial expenses -8,727,891.01 3,837,009.05
Including: Interest expenses 3,519,363.80 2,641,134.46
Interest income -11,924,507.72 -5,091,610.15
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Losses of devaluation of asset 3,909,288.35 11,352,988.62
Add: other income 11,432,760.47 6,821,209.19
Investment income (Loss is listed with “-”) 432,468,507.12 424,259,662.16
Including: Investment income on affiliated company and joint
370,057,450.82 376,259,036.41
venture
Changing income of fair value(Loss is listed with “-”)
Exchange income (Loss is listed with “-”)
Income from assets disposal (Loss is listed with “-”) -783,051.95 -571,016.72
III. Operating profit (Loss is listed with “-”) 543,602,916.52 587,078,785.45
Add: Non-operating income 2,062,006.74 5,457,757.73
Less: Non-operating expense 6,368,628.96 1,405,109.15
IV. Total Profit (Loss is listed with “-”) 539,296,294.30 591,131,434.03
Less: Income tax expense 21,775,897.49 46,584,408.67
V. Net profit (Net loss is listed with “-”) 517,520,396.81 544,547,025.36
(i) net profit from continuous operation (Net loss is
517,520,396.81 544,547,025.36
listed with “-”)
(ii) net profit from discontinued operation (Net loss is
listed with “-”)
Net profit attributable to owner’s of parent company 510,387,493.91 527,771,783.49
Minority shareholders’ gains and losses 7,132,902.90 16,775,241.87
VI. Net after-tax of other comprehensive income -26,099,780.40 -8,274,495.00
Net after-tax of other comprehensive income attributable to owners
-26,099,780.40 -8,274,495.00
of parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income items which will be
-26,099,780.40 -8,274,495.00
reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
-26,099,780.40 -8,274,495.00
available-for-sale financial assets
17
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets
4. The effect hedging portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
Net after-tax of other comprehensive income attributable to
minority shareholders
VII. Total comprehensive income 491,420,616.41 536,272,530.36
Total comprehensive income attributable to owners of parent
484,287,713.51 519,497,288.49
Company
Total comprehensive income attributable to minority
7,132,902.90 16,775,241.87
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.51 0.53
(ii) Diluted earnings per share 0.51 0.53
As for the enterprise combined under the same control, net profit achieved by combined party before merger counted as Yuan, while
achieved Yuan by combined party last period
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 (the period)
In RMB
Item Current Period Last Period
I. Operating income 848,388,482.53 712,342,649.17
Less: Operating cost 621,196,194.58 613,286,795.67
Operating tax and extras 6,354,222.41 6,066,825.07
Sales expenses 8,715,558.72 8,369,245.05
Administration expenses 99,355,100.44 61,651,439.24
R&D expenses 39,239,700.36 24,455,899.11
Financial expenses -10,370,818.41 1,185,230.22
Including: Interest expenses 1,939,344.45 862,755.55
Interest income -10,645,854.58 -3,216,281.80
Losses of devaluation of asset 314,165.39 -2,272,399.92
Add: other income 9,993,445.81 6,100,208.89
18
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Investment income (Loss is listed with “-”) 405,801,333.02 421,416,072.18
Including: Investment income on affiliated company and
347,419,208.23 347,381,158.90
joint venture
Changing income of fair value(Loss is listed with “-”)
Income from assets disposal (Loss is listed with “-”) 58,612.89 -1,957,723.27
II. Operating profit (Loss is listed with “-”) 499,437,750.76 425,158,172.53
Add: Non-operating income 2,907.94 1,431,105.32
Less: Non-operating expense 6,157,201.14 -1,006,852.11
III. Total Profit (Loss is listed with “-”) 493,283,457.56 427,596,129.96
Less: Income tax expense 18,406,615.68 6,904,928.63
IV. Net profit (Net loss is listed with “-”) 474,876,841.88 420,691,201.33
(i) net profit from continuous operation (Net loss is
474,876,841.88 420,691,201.33
listed with “-”)
(ii) net profit from discontinued operation (Net loss
is listed with “-”)
V. Net after-tax of other comprehensive income -26,099,780.40 -8,274,495.00
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income items which will be
-26,099,780.40 -8,274,495.00
reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
-26,099,780.40 -8,274,495.00
available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets
4. The effect hedging portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 448,777,061.48 412,416,706.33
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Total operating income 6,859,716,110.61 6,561,123,282.32
Including: Operating income 6,859,716,110.61 6,561,123,282.32
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 6,244,564,103.71 5,912,101,548.97
Including: Operating cost 5,389,764,851.14 5,098,218,841.28
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 50,089,284.19 52,897,036.51
Sales expenses 157,653,770.33 118,567,344.27
Administration expenses 386,260,452.81 344,475,412.43
R&D expenses 267,401,343.65 292,361,339.05
Financial expenses -10,504,799.38 5,525,060.37
Including: Interest expenses 12,595,318.85 7,123,820.97
Interest income -23,608,605.34 -15,010,235.43
Losses of devaluation of asset 3,899,200.97 56,515.06
Add: other income 25,465,220.18 22,429,216.47
Investment income (Loss is listed with “-”) 1,581,501,675.51 1,379,697,577.52
Including: Investment income on affiliated company and joint
1,338,697,596.73 1,209,824,557.05
venture
Changing income of fair value(Loss is listed with “-”)
20
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Exchange income (Loss is listed with “-”)
Income from assets disposal (Loss is listed with “-”) 805,133.41 -696,797.32
III. Operating profit (Loss is listed with “-”) 2,222,924,036.00 2,050,451,730.02
Add: Non-operating income 5,943,135.61 8,242,337.21
Less: Non-operating expense 8,696,501.34 5,169,333.81
IV. Total Profit (Loss is listed with “-”) 2,220,170,670.27 2,053,524,733.42
Less: Income tax expense 124,703,195.45 140,610,342.03
V. Net profit (Net loss is listed with “-”) 2,095,467,474.82 1,912,914,391.39
(i) net profit from continuous operation (Net loss is
2,095,467,474.82 1,912,914,391.39
listed with “-”)
(ii) net profit from discontinued operation (Net loss is
listed with “-”)
Net profit attributable to owner’s of parent company 2,055,630,198.83 1,853,693,813.05
Minority shareholders’ gains and losses 39,837,275.99 59,220,578.34
VI. Net after-tax of other comprehensive income -84,402,360.75 -48,071,707.50
Net after-tax of other comprehensive income attributable to owners
-84,402,360.75 -48,071,707.50
of parent company
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income items which will be
-84,402,360.75 -48,071,707.50
reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
-84,402,360.75 -48,071,707.50
available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets
4. The effect hedging portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Net after-tax of other comprehensive income attributable to
minority shareholders
VII. Total comprehensive income 2,011,065,114.07 1,864,842,683.89
Total comprehensive income attributable to owners of parent
1,971,227,838.08 1,805,622,105.55
Company
Total comprehensive income attributable to minority
39,837,275.99 59,220,578.34
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 2.04 1.84
(ii) Diluted earnings per share 2.04 1.84
As for the enterprise combined under the same control, net profit achieved by combined party before merger counted as Yuan, while
achieved Yuan by combined party last period
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Operating income 3,163,531,137.66 2,338,823,064.88
Less: Operating cost 2,319,712,717.48 1,881,909,457.25
Operating tax and extras 27,115,075.05 20,893,583.83
Sales expenses 25,746,366.68 22,160,338.44
Administration expenses 245,339,078.79 186,943,516.96
R&D expenses 109,515,485.12 83,321,557.84
Financial expenses -15,700,898.36 838,252.35
Including: Interest expenses 5,529,002.77 2,495,355.54
Interest income -19,693,248.44 -9,279,254.27
Losses of devaluation of asset 782,787.78 -2,224,005.22
Add: other income 21,807,229.20 20,015,538.77
Investment income (Loss is listed with “-”) 1,543,151,562.04 2,252,183,094.93
Including: Investment income on affiliated company and
1,242,207,334.77 1,114,690,924.54
joint venture
Changing income of fair value(Loss is listed with “-”)
Income from assets disposal (Loss is listed with “-”) 757,456.62 -2,100,813.52
II. Operating profit (Loss is listed with “-”) 2,016,736,772.98 2,415,078,183.61
Add: Non-operating income 29,458.29 1,675,364.97
Less: Non-operating expense 7,147,094.09 1,081,880.03
III. Total Profit (Loss is listed with “-”) 2,009,619,137.18 2,415,671,668.55
22
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Less: Income tax expense 101,251,244.84 54,349,037.51
IV. Net profit (Net loss is listed with “-”) 1,908,367,892.34 2,361,322,631.04
(i) net profit from continuous operation (Net loss is
1,908,367,892.34 2,361,322,631.04
listed with “-”)
(ii) net profit from discontinued operation (Net loss is
listed with “-”)
V. Net after-tax of other comprehensive income -84,402,360.75 -48,071,707.50
(I) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1. Changes as a result of re-measurement of net defined
benefit plan liability or asset
2. Share of the other comprehensive income of the investee
accounted for using equity method which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income items which will be
-84,402,360.75 -48,071,707.50
reclassified subsequently to profit or loss
1. Share of the other comprehensive income of the investee
accounted for using equity method which will be reclassified
subsequently to profit or loss
2. Gains or losses arising from changes in fair value of
-84,402,360.75 -48,071,707.50
available-for-sale financial assets
3. Gains or losses arising from reclassification of
held-to-maturity investment as available-for-sale financial assets
4. The effect hedging portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 1,823,965,531.59 2,313,250,923.54
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 6,420,868,275.01 5,415,498,593.27
23
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
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
Net increase of amount from disposal financial assets that measured
by fair value and with variation reckoned into current gains/losses
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received 48,634,147.48 33,394,041.93
Other cash received concerning operating activities 36,744,426.26 27,368,269.33
Subtotal of cash inflow arising from operating activities 6,506,246,848.75 5,476,260,904.53
Cash paid for purchasing commodities and receiving labor service 4,238,426,941.42 3,359,808,178.28
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 986,066,952.04 882,444,354.25
Taxes paid 470,637,881.75 486,146,192.25
Other cash paid concerning operating activities 305,045,263.08 292,199,484.05
Subtotal of cash outflow arising from operating activities 6,000,177,038.29 5,020,598,208.83
Net cash flows arising from operating activities 506,069,810.46 455,662,695.70
II. Cash flows arising from investing activities:
Cash received from recovering investment 7,714,706,837.03 5,399,636,226.27
Cash received from investment income 1,134,719,735.92 1,004,170,730.84
Net cash received from disposal of fixed, intangible and other
40,310,372.43 55,482,015.56
long-term assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 8,889,736,945.38 6,459,288,972.67
Cash paid for purchasing fixed, intangible and other long-term assets 455,493,121.66 318,317,189.06
Cash paid for investment 8,463,843,284.96 8,581,292,764.21
24
无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities 10,000,000.00
Subtotal of cash outflow from investing activities 8,929,336,406.62 8,899,609,953.27
Net cash flows arising from investing activities -39,599,461.24 -2,440,320,980.60
III. Cash flows arising from financing activities
Cash received from absorbing investment 9,520,000.00
Including: Cash received from absorbing minority shareholders’
9,520,000.00
investment by subsidiaries
Cash received from loans 372,755,051.21 235,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities 5,470,000.00
Subtotal of cash inflow from financing activities 378,225,051.21 244,520,000.00
Cash paid for settling debts 273,000,000.00 152,500,000.00
Cash paid for dividend and profit distributing or interest paying 1,224,060,591.43 652,875,764.59
Including: Dividend and profit of minority shareholder paid by
174,600.00 39,650,290.00
subsidiaries
Other cash paid concerning financing activities 339,091.00 1,388,802.28
Subtotal of cash outflow from financing activities 1,497,399,682.43 806,764,566.87
Net cash flows arising from financing activities -1,119,174,631.22 -562,244,566.87
IV. Influence on cash and cash equivalents due to fluctuation in exchange
4,550,314.63 -6,474,769.99
rate
V. Net increase of cash and cash equivalents -648,153,967.37 -2,553,377,621.76
Add: Balance of cash and cash equivalents at the period -begin 2,948,439,354.22 3,795,223,678.11
VI. Balance of cash and cash equivalents at the period -end 2,300,285,386.85 1,241,846,056.35
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 3,839,689,306.03 1,825,933,447.86
Write-back of tax received
Other cash received concerning operating activities 19,693,248.44 528,137,019.77
Subtotal of cash inflow arising from operating activities 3,859,382,554.47 2,354,070,467.63
Cash paid for purchasing commodities and receiving labor service 2,396,479,395.04 965,168,241.07
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
Cash paid to/for staff and workers 527,189,432.25 398,847,473.24
Taxes paid 327,029,152.13 192,013,974.30
Other cash paid concerning operating activities 220,686,532.94 200,144,016.79
Subtotal of cash outflow arising from operating activities 3,471,384,512.36 1,756,173,705.40
Net cash flows arising from operating activities 387,998,042.11 597,896,762.23
II. Cash flows arising from investing activities:
Cash received from recovering investment 7,450,776,671.49 5,144,601,492.00
Cash received from investment income 1,103,693,650.17 1,965,339,364.77
Net cash received from disposal of fixed, intangible and other
38,606,710.25 52,380,871.19
long-term assets
Net cash received from disposal of subsidiaries and other units 2,410,502.57
Other cash received concerning investing activities 75,274,713.09
Subtotal of cash inflow from investing activities 8,668,351,745.00 7,164,732,230.53
Cash paid for purchasing fixed, intangible and other long-term assets 209,627,425.25 125,206,789.75
Cash paid for investment 7,957,713,200.00 8,266,409,258.63
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 179,000,000.00
Subtotal of cash outflow from investing activities 8,346,340,625.25 8,391,616,048.38
Net cash flows arising from investing activities 322,011,119.75 -1,226,883,817.85
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 180,000,000.00 80,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 180,000,000.00 80,000,000.00
Cash paid for settling debts 78,000,000.00 80,000,000.00
Cash paid for dividend and profit distributing or interest paying 1,216,155,809.00 607,870,230.87
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 1,294,155,809.00 687,870,230.87
Net cash flows arising from financing activities -1,114,155,809.00 -607,870,230.87
IV. Influence on cash and cash equivalents due to fluctuation in exchange
3,695,159.21 -6,474,769.99
rate
V. Net increase of cash and cash equivalents -400,451,487.93 -1,243,332,056.48
Add: Balance of cash and cash equivalents at the period -begin 2,454,696,969.20 2,143,377,059.99
VI. Balance of cash and cash equivalents at the period -end 2,054,245,481.27 900,045,003.51
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无锡威孚高科技集团股份有限公司 2018 年第三季度报告全文
II. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
Board of Directors of
Weifu High-Technology Group Co., Ltd.
Chairman:
Chen Xuejun
30 October 2018
27
