Stock Code: 000581, 200581 Notice No.: 2019-031
Short Form of the Stock: Weifu High-Tech, Su Weifu-B
WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
TEXT OF THIRD 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 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.
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
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) 22,823,147,790.09 20,892,041,460.30 9.24%
Net assets attributable to shareholders of
16,445,855,352.30 15,913,828,778.82 3.34%
listed company (RM B)
Increase/decrease in Increase/decrease in
comparison with Year-begin to end comparison with
Current period
same period of last of the Period year-begin to
year Period-end of last year
Operating revenue (RM B) 1,916,020,020.78 0.90% 6,319,464,366.83 -7.88%
Net profit attributable to shareholders of
470,100,118.65 -7.89% 1,726,761,695.74 -16.00%
the listed company (RMB)
Net profit attributable to
shareholders of the listed company
426,217,054.93 -5.90% 1,540,311,879.67 -15.91%
after deducting non-recurring gains
and losses (RMB)
Net cash flow arising from operating
-- -- 1,238,970,081.24 144.82%
activities (RMB)
Basic earnings per share (RM B/Share) 0.46 -9.80% 1.71 -16.18%
Diluted earnings per share (RM B/Share) 0.46 -9.80% 1.71 -16.18%
Weighted average ROE 2.93% -0.48% 10.53% -2.80%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RM B
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
4,701,459.14
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 to 52,478,894.42
enterprise’s business)
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
Gains/losses from entrusted investment or assets management 158,539,790.49
Held transaction financial asset, gains/losses of changes of fair values from transaction
financial liabilities, and investment gains from disposal of transaction financial asset,
10,971,801.13
transaction financial liabilities and financial asset available for sales, exclude the
effective hedging business relevant with normal operations of the Company
Restoring of receivable impairment provision that tested individually 200,000.00
Other non-operating income and expenditure except for the aforementioned items 1,492,181.99
Less: impact on income tax 34,650,068.09
Impact on minority shareholders’ equity (post-tax) 7,284,243.01
Total 186,449,816.07 --
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. State ment of the total shareholders and s hares-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
63,734 0
end of report period recover at the end of report period (if applicable)
Top ten shareholders
Proportion Amount of Number of share
Nature of Amount of
Shareholders of shares restricted pledged/frozen
shareholder shares held
held shares held State of share Amount
WUXI INDUSTRY DEVELOPM ENT State-owned
20.22% 204,059,398
GROUP CO., LTD. corporate
Foreign
ROBERT BOSCH GM BH 14.16% 142,841,400
corporate
Hong Kong Securities Clearing Company Foreign
Ltd. (HKSCC) 4.60% 46,394,604
corporate
BBH BOS S/A FIDELITY FD - CHINA Foreign
1.84% 18,530,315
FOCUS FD corporate
3
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
State-owned
Central Huijin Investment Ltd. 1.27% 12,811,200
corporate
China Life Insurance - traditional - general
Other 1.21% 12,238,898
insurance products - 005L-CT001 Shen
China Life Insurance- Bonus -Individual
Other 1.14% 11,476,551
bonus - -005L-FH002 Shen
Agricultural Bank of China – CIC 500 ETF Other 0.63% 6,371,675
FIDELITY INVMT TRT FIDELITY INTL Foreign
0.61% 6,122,887
SM ALL CAP FUND corporate
New China Life Insurance Co., Ltd. -
Traditional -Common Insurance Products - Other 0.56% 5,690,585
018L-CT001 Shen
Particular about top ten shareholders with un-restrict shares held
Amount of un-restrict Type of shares
Shareholders
common shares held Type Amount
WUXI INDUSTRY DEVELOPM ENT GROUP CO.,
204,059,398 RM B common shares 204,059,398
LTD.
RM B common shares 115,260,600
ROBERT BOSCH GM BH 142,841,400 Domestically listed foreign
27,580,800
shares
Hong Kong Securities Clearing Company Ltd.
(HKSCC) 46,394,604 RM B common shares 46,394,604
Domestically listed foreign
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 18,530,315 18,530,315
shares
Central Huijin Investment Ltd. 12,811,200 RM B common shares 12,811,200
China Life Insurance - traditional - general insurance
12,238,898 RM B common shares 12,238,898
products - 005L-CT001 Shen
China Life Insurance- Bonus -Individual bonus -
11,476,551 RM B common shares 11,476,551
-005L-FH002 Shen
Agricultural Bank of China – CIC 500 ETF 6,371,675 RM B common shares 6,371,675
FIDELITY INVMT TRT FIDELITY INTL SM ALL Domestically listed foreign
6,122,887 6,122,887
CAP FUND shares
New China Life Insurance Co., Ltd. - Traditional
5,690,585 RM B common shares 5,690,585
-Common Insurance Products - 018L-CT001 Shen
Among the top ten shareholders, there has no associated relationship
Explanation on related relationship or concerted between Wuxi Industry Development Group Co., Ltd. and other
action among the abovementioned shareholders shareholders, the first largest shareholder of the Company; and they do not
belong to the consistent actionist regulated by the M anagement M easure of
4
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
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 2019 年第三季度报告正文
Section III. Important events
I. Particular about major changes from ite ms 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. Notes receivable increased 382.2288 million Yuan at the end of the Period compared with the end of last
year with 33.29% up, mainly because endorsement of note receivable declined in the period;
2. Advance payment increased 38.8763 million Yuan at the end of the Period compared with the end of last
year with 41.07% up, mainly because advance payment for materials in the period;
3. Other account receivable decreased 29.0839 million Yuan at the end of the Period compared with the end
of last year with 34.39% down, mainly because compensation for assets disposal are collected by Weifu
Jinning in the period;
4. Other current assets decreased 4583.9966 million Yuan at the end of the Period compared with the end of
last year, financial assets available for sale decreased 255.9752 million Yuan at the end of the Period
compared with the end of last year, Other equity instrument investment increased 186.94 million Yuan at the
end of the Period compared with the end of last year, other non current financial assets increased 768.80
million Yuan at the end of the Period compared with the end of last year, mainly due to the re-classification
for new financial instrument standards implemented in the period;
5. Construction in progress increased 128.2331 million Yuan at the end of the Period compared with the end
of last year with 77.06% up, mainly because the technical equipment increased;
6. Goodwill increased 53.8073 million Yuan at the end of the Period compared with the end of last year,
mainly because in Denmark, wholly-owned subsidiary of the Company purchase 66% equity of Denmark
IRD Fuel Cells A/S (hereinafter referred to as IRD), the acquisition cost greater than the book value of net
assets on the date of acquisition;
7. Notes payable increased 973.2629 million Yuan at the end of the Period compared with t he end of last year
with 95.57% up, mainly because note payable issued to suppliers increased;
8. Accounts payable increased 617.7347 million Yuan at the end of the Period compared with the end of last
year with 30.17% up, mainly because the account payable for purchasing increased in the period;
9. Other comprehensive income: according to relevant accounting standards under the new financial
instrument are re-classified to “retained profit”.
(II) Changes of items of income statement and cause analysis:
1. Financial expenses decreased 36.7203 million Yuan over the same period of last year, mainly because the
interest income increased;
6
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
(III) Changes of items of cash flow statement and cause analysis:
1. Net cash flow arising from operation activity increased 732.9 million Yuan over same period last year, mainly
because expenses from purchasing declined and the interest income increased;
2. Net cash flow arising from investment activity increased 318.72 million Yuan over same period last year,
mainly because received bonus income in the period and income from demolition and disposal;
3. Net cash flow arising from financing activity decreased 131.22 million Yuan over same period last year, mainly
because bank loans are declined over same period last year.
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
√ Applicable □Not applicable
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.
Overview Disclosure date Query index for interim notice
Parts of the joint-stock 2017-03-08 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn)
enterprise’s equity held by the
2017-12-06 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn)
Company freeze
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
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无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
III. Commitments that the company, shareholde rs, actual controller, offeror, directors,
supervisors, senior manage ment or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting pe riod
□ 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. Particular about security investment
√ Applicable □Not applicable
In RM B
Book Changes
Curren Profit
Account value at in fair Curr Book
Variety Short Cumulative t and loss
Code of Initial ing the value of ent value at Sourc
of form of fair value purcha in the Accountin
securitie investme measure beginni the sales the end e of
securitie securiti nt cost changes in se Reporti g subject
s ment ng of current amo of the stock
s es equity amoun ng
model the profit unt period
t Period
period and loss
Domesti
M easure Tradable
c and 199,208, 85,458, 9,351,0 9,961,4 94,809, Own
600841 SDEC d by fair financial
foreign 000.00 408.00 72.00 89.20 480.00 funds
value assets
stocks
Domesti
M iracle M easure Tradable
c and 69,331,5 35,607, 1,130,4 1,398,8 36,738, Own
002009 Logisti d by fair financial
foreign 00.00 600.00 00.00 70.00 000.00 funds
cs value assets
stocks
268,539, 121,066 10,481, 11,360,3 131,547
Total -- 0.00 0.00 0.00 -- --
500.00 ,008.00 472.00 59.20 ,480.00
Disclosure date of 2012-03-24
securities investment
2013-06-04
approval from the Board
V. 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 257,000 250,000 0
Brokerage financing products Own funds 24,000 24,000 0
Trust financing products Own funds 169,774 164,774 0
8
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
Other Own funds 90,495 61,145 0
Total 541,269 499,919 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
Refer reserv Wheth the
Actual Wheth
Capita ence Antici e for er items
Truste Actual collect er has
l Criteria annu pated devalu appro and
e Source S E gains/l ed entrust
Trustee Amou invest for al incom ation ved by relate
institut Type of tart nd osses gains/l financ
type nt ment fixing rate e (if of legal d
ion r funds date date in osses e plan
purpos reward of applic withdr proced query
name period in in the
e retur able) awing ure index
period future
n (if (Y/N) (if
applic applic
able) able)
Referen April
Non-gu
Bank ce 23,
arantee Collec
financi annuali 3.7% 2019
d 350,00 Own 2019- 2020- 6,106. 7,114. ted by
Bank Bank al zed -4.55 0Y Y (Anno
floatin 0 funds 01-03 03-30 19 23 agree
produc yield by % uncem
g ment
ts agreem ent
income
ent No.:
2019-
Referen
Non-gu Collec 010)
ce
arantee tive Collec
annuali 4.3%
Broker Broker d Own 2019- 2020- assets ted by
26,000 zed -5.3 635.05 147.69 0Y Y
age age floatin funds 05-14 05-13 manag agree
yield by %
g ement ment
agreem
income plan
ent
Referen
Non-gu
Collec ce
arantee Collec
tive annuali 4.5%
d 173,88 Own 2019- 2021- 14,345 4,616. ted by
Trust Trust trust zed -8.7 0Y Y
floatin 0 funds 01-17 08-21 .23 05 agree
schem yield by %
g ment
e agreem
income
ent
Non-gu Fund Referen Collec
Others Others
arantee Own 2019- 2020- produc ce 5%-9 3,612. 4,617. ted by
(funds, (funds, 58,000 0Y Y
d funds 01-04 10-31 ts with annuali .5% 3 74 agree
etc.) etc.)
floatin fixed zed ment
9
无锡威孚高科技集团股份有限公司 2019 年第三季度报告正文
g incom yield by
income e agreem
ent
607,88 24,698 16,495
Total -- -- -- -- -- -- -- 0 -- -- --
0 .77 .71
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Particulars about de rivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and intervie w in the report
period
√ Applicable □Not applicable
Date M ethod Type of investors Index for the interview and research
Form 1 Jan. to 30 The Company answered questions for investors online through the
Written inquiry Other
Sept. 2019 investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)
Form 1 Jan. to 30 Telephone Getting the basic information of the Company and market conditions by
Other
Sept. 2019 communication telephone
VIII. External security against the rules
□ Applicable √ Not applicable
The Company has no external security against the rules in the Period
IX. Controlling share holders' 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 Directors of
Weifu High-Technology Group Co., Ltd.
30 October 2019
10