无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
Stock Code: 000581, 200581 Notice No.: 2019-013
Short Form of the Stock: Weifu High-Tech, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Text of First Quarterly Report 2019
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 2019 年第一季度报告正文
Section II. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
Changes of this period over same
Current Period Same period of last year
period of last year
Operating income (RMB) 2,270,130,717.54 2,391,982,640.39 -5.09%
Net profit attributable to shareholders of
689,179,364.60 784,228,178.43 -12.12%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 613,343,723.80 691,598,799.43 -11.32%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
145,409,651.46 86,416,705.11 68.27%
activities (RMB)
Basic earnings per share (RMB/Share) 0.68 0.78 -12.82%
Diluted earnings per share (RMB/Share) 0.68 0.78 -12.82%
Weighted average ROE 4.24% 5.15% -0.91%
Changes of this period-end over
End of this period End of last period
same period-end of last year
Total assets (RMB) 22,204,649,523.58 20,892,041,460.30 6.28%
Net assets attributable to shareholder of
16,603,398,152.41 15,913,828,778.82 4.33%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from
Item Note
year-begin to period-end
Gains/losses from the disposal of non-current asset (including the write-off that accrued for
282,530.38
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 to 6,930,045.15
enterprise’s business)
Gain or loss on the investment or management of assets 30,329,829.15
Held transaction financial asset, gains/losses of changes of fair values from transaction
51,489,477.13
financial liabilities, and investment gains from disposal of transaction financial asset,
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
transaction financial liabilities and financial asset available for sales, exclude the effective
hedging business relevant with normal operations of the Company
Other non-operating income and expenditure except for the aforementioned items 872,909.01
Less: impact on income tax 13,629,395.27
Impact on minority shareholders’ equity (post-tax) 439,754.75
Total 75,835,640.80 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total common shareholders at the end of Total preferred stockholders with voting rights
54,791 0
report period recover at the end of report period (if applicable)
Top ten shareholders
Number of share
Amount of
Amount of pledged/frozen
Nature of Proportion of
Shareholder’s name restricted shares
shareholder shares held shares held State of Amo
held
share unt
WUXI INDUSTRY DEVELOPMENT State-owned
20.22% 204,059,398
CROUP CO., LTD. legal person
Foreign legal
ROBERT BOSCH GMBH 14.16% 142,841,400
person
Foreign legal
HKSCC Nominees Limited 6.61% 66,672,353
person
Bank of Communication – HSBC Jixin
Double Core Strategy Mixed Securities Other 1.91% 19,237,847
Investment Fund
BBH BOS S/A FIDELITY FD - CHINA Foreign legal
1.84% 18,530,315
FOCUS FD person
China Life Insurance (Group) Company -
Other 1.56% 15,714,926
bonus- personal bonus-005L-FH002 SHEN
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
China Life Insurance (Group) Company -
tradition - general insurance Other 1.47% 14,881,834
products-005L-CT00 1 SHEN
State-owned
Central Huijin Assets Management Co., Ltd. 1.27% 12,811,200
legal person
Investec Asset Management - Investec Global
Foreign legal
Strategy Fund - All-China Equity Fund 0.87% 8,772,392
person
(Exchange)
FIDELITY INVMT TRT FIDELITY INTL Foreign legal
0.61% 6,122,887
SMALL CAP FUND person
Top ten shareholders with unrestricted shares held
Amount of unrestricted Type of shares
Shareholder’s name
shares held Type Amount
WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. 204,059,398 RMB common share 204,059,398
RMB common share 115,260,600
ROBERT BOSCH GMBH 142,841,400 Domestically listed
27,580,800
foreign share
HKSCC Nominees Limited 66,672,353 RMB common share 66,672,353
Bank of Communication – HSBC Jixin Double Core Strategy
19,237,847 RMB common share 19,237,847
Mixed Securities Investment Fund
Domestically listed
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 18,530,315 18,530,315
foreign share
China Life Insurance (Group) Company - bonus- personal
15,714,926 RMB common share 15,714,926
bonus-005L-FH002 SHEN
China Life Insurance (Group) Company - tradition - general
14,881,834 RMB common share 14,881,834
insurance products-005L-CT00 1 SHEN
Central Huijin Assets Management Co., Ltd. 12,811,200 RMB common share 12,811,200
Investec Asset Management - Investec Global Strategy Fund -
8,772,392 RMB common share 8,772,392
All-China Equity Fund (Exchange)
Domestically listed
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND 6,122,887 6,122,887
foreign share
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
Note of related relationship among the above shareholders and
the Company, and other shareholders; and they do not belong
concerted actors
to the consistent actionist regulated by the Management
Measure of Information Disclosure on Change of
Shareholding for Listed Company.
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
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无锡威孚高科技集团股份有限公司 2019 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
√ Applicable □ Not applicable
(I) Changes and reasons of items in balance sheet：
1. Ending balance of account receivable increased 696.2224 million yuan over that of last year with 36.27 percent
up, mainly because sales in the period is higher than the previous period;
2.Other account receivable in the period decreased 39.0745 million yuan with 46.20 percent down compared with
end of last year, mainly because of the assets disposal reimbursement from WFJN in the period.
3. Other current assets in the period has decreased 4592.244 million yuan compared with end of last year,
financial assets available-for-sale in the period has decreased 255.9752 million yuan compared with end of last
year, other equity instrument investment in the period has increased 87.0883 million yuan compared with end of
last year, other non-current financial assets in the period has increased 138.8 million yuan compared with end of
last year, mainly because the above mentioned items are re-classified due to the implementation of new
accounting rules for financial instrument;
4. Construction in progress in the period increased 42.9539 million yuan by comparing with end of last year with
25.81 percent up, mainly due to the increase of technical improvement equipment;
5. Short-term loans in the period increased 126.988 million yuan by comparing with end of last year with 42.48
percent up, mainly due to the increase of bank loans in the period;
6. Taxes payable in the period increased 64.382 million yuan by comparing with end of last year with 86.68
percent up, mainly because payable for income tax, VAT, urban construction tax and education surcharge
increased;
7. Deferred income tax liability in the period increased 7.6221 million yuan and 398.49 percent compared with
end of last year, mainly due to the increase of fair value from financial assets held for trading;
8. Ending balance of other comprehensive income in the period is re-classified to “Retained profit” according to
new accounting rules.
(II) Changes and reasons of items in profit and loss statement：
1.Taxes and surcharge in the period increased 4.898 million yuan from a year earlier with 30.38 percent up,
mainly because payable for urban construction tax and education surcharge increased;
2. Financial expenses in the period decreased 19,531,700 yuan from a year earlier, mainly because interest income
increase;
3. Investment income in the period decreased 162,091,550 yuan from a year earlier with 26.71 percent down,
mainly because income from share-participated enterprise declined
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
(III) Changes and reasons of items in cash flow statement：
1. Net cash flow arising from operation activity in the period increased 58.9929 million yuan from a year earlier
with 68.27 percent up, mainly because expenditure for purchasing declined on a y-o-y basis and the interest
income increased from a year earlier;
2. Net cash flow arising from investment activity: decreased out-flow of 1824.5962 million yuan from a year
earlier, mainly because financial products purchased in the period and collection of financial products on due
declined on a y-o-y basis;
3.Net cash flow arising from financing activity: increased 41.0633 million yuan from a year earlier with 50.68
percent up, mainly because bank loans in the period increased and borrowing paid to the bank in the period
declined
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □ Not applicable
(i) Parts of the joint-stock enterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received a legal documents mail from Shenzhen Intermediate people’s Court
in Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents,
the plaintiff- China Cinda Asset Management Co., Ltd. Shenzhen Branch bring a suit against eight defendants (the
Company included) and the third party-Shenzhen Hejun Venture Holding Co., Ltd. (“Hejun Company” for short)
for damaged the interests of corporate creditors, totally two cases for suits. Shenzhen Intermediate Court accepted
the case and issued the Civil Order of (2016) Yue 03 MC No.2490 and (2016) Yue 03 MC No. 2492, that is, the
property under the name of eight defendants are being seal up, detain or freeze-up, totally amounted as 217
million Yuan. Ended as the reporting period, the 4.71 million shares of Miracle and 11,739,102 shares of SDEC
held by the Company are being freeze-up. First trial are carried on 24 September 2017, and further session to be
advised from the Court.
2. The company has applied to Futian People's Court of Shenzhen for compulsory liquidation with Hejun
Company. A Civil Ruling Paper is carried by Futian People's Court of Shenzhen (2017) Yue 0304 QS No.5, that is:
implemented compulsory liquidation on Hejun Company. The Company will fully engage with the Court for
relevant liquidation works completed, guarantee legitimate interest of the Company.
(ii) In accordance with the resolution of 4th session of 9th BOD held on 26 March 2019, the Company plans to
establish a wholly-owned subsidiary SPV Company in Denmark. Acquired the 66.00% equity of IRD Fuel Cells
A/S (“IRD” for short) in Denmark held by FCCT ApS. Company with EUR 7.26 million by conversion (value of
assessment for IRD as EUR 11 million). Benefit from the controlling of IRD by equity procurement, the Company
will enter the field of fuel cell core components quickly, and enhancing the competitiveness of Companies in
emerging market; the evens are in line with the development strategy of the Company, lay a sound foundation for
sustainable, rapid and healthy development of the Company, as well as transformation and upgrading. Relevant
works are progressing smoothly.
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
Overview Disclosure date Query index for interim notice
(Notice No. 2017-002) Published on Juchao Website
2017-03-08
Parts of the joint-stock enterprise’s equity held by the (www.cninfo.com.cn)
Company freeze
(Notice No. 2017-023) Published on Juchao Website
2017-12-06
(www.cninfo.com.cn)
The Company plans to establish a wholly-owned subsidiary
SPV Company in Denmark. Acquired the 66.00% equity of (Notice No. 2019-003) Published on Juchao Website
2019-03-28
IRD Fuel Cells A/S (“IRD” for short) in Denmark held by (www.cninfo.com.cn)
FCCT ApS. Company
Implementation progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
III. Commitments non-performance over due in reporting period from committed parties as
actual controller, shareholders, related party, acquirer and the Company
□Applicable √Not applicable
No the above mentioned commitment occurred in the period.
IV. Predict of the business performance from January to June 2019
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
√ Applicable □ Not applicable
Book Profit
Short Account Current Cumulati Curr Book
Variety Initial value at and loss
Code of form ing gain/loss ve fair Current ent value at Account
of invest the in the Capital
securitie of measure of fair value purchase sales the end ing
securitie ment beginnin Reporti Source
s securit ment value changes amount amo of the subject
s cost g of the ng
ies model changes in equity unt period
period Period
Domesti Transact
199,20 Measure
c and 85,458,4 35,456,148 35,456, 120,914, ional Own
600841 SDEC 8,000.0 d by fair
foreign 08.00 .00 148.00 556.00 financial funds
0 value
stocks assets
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无锡威孚高科技集团股份有限公司 2019 年第一季度报告正文
Domesti Miracl Transact
Measure
c and e 69,331, 35,607,6 15,543,000 15,543, 51,150,6 ional Own
002009 d by fair
foreign Logisti 500.00 00.00 .00 000.00 00.00 financial funds
value
stocks cs assets
268,53
121,066, 50,999,148 50,999, 172,065,
Total 9,500.0 -- -- --
008.00 .00 148.00 156.00
0
Disclosure date of 2012-03-24
securities investment
approval by the Board 2013-06-04
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√ Applicable □ Not applicable
Type of
Date Method Index for the interview and research
investors
1 Jan. 2019 to 31 Telephone The Company answered 35 questions for investors online through the
Other
Mar. 2019 communication investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)
1 Jan. 2019 to 31 Basic condition of the Company and views on market, communication with
Written inquiries Other
Mar. 2019 investors by telephone more than 50
VIII. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period
IX. 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.
Board of Director of
Weifu High-Technology Group Co., Ltd
29 April 2019
9
