无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2018
April 2018
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Section I. Important Notes
Board of Directors and the Supervisory Committee of Weifu High-Technology
Group Co., Ltd. (hereinafter referred to as the Company) and its directors,
supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements,
misleading statements or important omissions carried in this report, and shall
take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation
Chen Xuejun, Principal of the Company; Ou Jianbin, Person in Charge of
Accounting Works and Person in Charge of Accounting Organ (Accounting
Supervisor) hereby confirm that the Financial Report of the First Quarterly
Report is authentic, accurate and complete.
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
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
Current Period Same period of last year
same period of last year
Operating income (RMB) 2,391,982,640.39 2,457,239,285.84 -2.66%
Net profit attributable to shareholders of the
784,228,178.43 645,645,422.01 21.46%
listed company(RMB)
Net profit attributable to shareholders of the
listed company after deducting non-recurring 691,598,799.43 574,207,149.77 20.44%
gains and losses(RMB)
Net cash flow arising from operating
86,416,705.11 92,118,223.65 -6.19%
activities(RMB)
Basic earnings per share (RMB/Share) 0.78 0.64 21.88%
Diluted earnings per share (RMB/Share) 0.78 0.64 21.88%
Weighted average ROE 5.15% 4.88% 0.27%
Changes of this period-end
End of this period End of last period over same period-end of last
year
Total assets (RMB) 21,228,886,756.91 20,231,006,224.36 4.93%
Net assets attributable to shareholder of listed
15,617,571,957.35 14,835,673,669.75 5.27%
company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin
Item Note
to period-end
Gains/losses from the disposal of non-current asset (including the write-off that
15,119.12
accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including the subsidy
enjoyed in quota or ration according to national standards, which are closely 6,155,578.08
relevant to enterprise’s business)
Gain or loss on the investment or management of assets 103,007,978.73
Other non-operating income and expenditure except for the aforementioned items -164,974.41
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Less : impact on income tax 16,353,419.75
Impact on minority shareholders’ equity (post-tax) 30,902.77
Total 92,629,379.00 --
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
63,190
report period recover at the end of report period (if applicable)
Top ten shareholders
Number of share
Amount of
Proportion Amount of pledged/frozen
Shareholder’s name Nature of shareholder of shares restricted
held shares held State of Amo
shares held
share unt
WUXI INDUSTRY DEVELOPMENT State-owned legal
20.22% 204,059,398
CROUP CO., LTD. person
ROBERT BOSCH GMBH Foreign legal person 14.16% 142,841,400
BBH BOS S/A FIDELITY FD - CHINA
Foreign legal person 1.56% 15,722,854
FOCUS FD
State-owned legal
Central Huijin Assets Management Co., Ltd. 1.27% 12,811,200
person
Ping An Property & Casualty Insurance
Company of China, Ltd. – traditional- Other 1.09% 11,035,256
common insurance products
HKSCC Nominees Limited Foreign legal person 0.88% 8,906,444
RBC EMERGING MARKETS EQUITY
Foreign legal person 0.80% 8,038,335
FUND
Domestic non state
Huatai Securities Co., Ltd. 0.55% 5,499,906
legal person
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
FIDELITY INVMT TRT FIDELITY INTL
Foreign legal person 0.53% 5,354,604
SMALL CAP FUND
FIDELITY FUNDS － ASIA FOCUS
Foreign legal person 0.42% 4,263,134
FUND
Top ten shareholders with unrestricted shares held
Amount of Type of shares
Shareholder’s name unrestricted shares
Type Amount
held
WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD. 204,059,398 RMB common share 204,059,398
RMB common share 115,260,600
ROBERT BOSCH GMBH 142,841,400
Domestically listed foreign share 27,580,800
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD 15,722,854 Domestically listed foreign share 15,722,854
Central Huijin Assets Management Co., Ltd. 12,811,200 RMB common share 12,811,200
Ping An Property & Casualty Insurance Company of China,
11,035,256 RMB common share 11,035,256
Ltd. – traditional- common insurance products
HKSCC Nominees Limited 8,906,444 RMB common share 8,906,444
RBC EMERGING MARKETS EQUITY FUND 8,038,335 Domestically listed foreign share 8,038,335
Huatai Securities Co., Ltd. 5,499,906 RMB common share 5,499,906
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP
5,354,604 Domestically listed foreign share 5,354,604
FUND
FIDELITY FUNDS － ASIA FOCUS FUND 4,263,134 Domestically listed foreign share 4,263,134
Among the top ten shareholders, the Company knew there has no
associated relationship between Wuxi Industry Development Croup
Note of related relationship among the above shareholders Co., Ltd., the first largest shareholder of the Company, and other
and concerted actors shareholders; and they do not belong to the consistent actionist
regulated by the Management Measure of Information Disclosure on
Change of Shareholding for Listed Company.
Explanation on top ten common stock shareholders
Not applicable
involving securities margin trading (if applicable)
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
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√ Applicable □ Not applicable
1. Monetary fund: decreased 1,507,565,900 Yuan over that of beginning of the year with 48.34% down, mainly
due to more financial products are purchased in the period;
2. Other receivable: increased 8,492,800 Yuan over that of beginning of the year with 162.86% growth, mainly
because pretty cash for business travel at period-end increased;
3. Other current assets: increased 1,500,232,500 Yuan over that of beginning of the year with 38.59% growth,
mainly due to more financial products are purchased in the period;
4. Short-term loans: increased 79 million Yuan over that of beginning of the year with 32.51% growth, mainly
because bank loans increased in the Period;
5. Investment income: increased 133,749,700 Yuan from a year earlier with 28.27% growth, mainly because profit
from joint venture and affiliate enterprise increased in the period;
6. Net cash flow from investment activity: decreased 1,004,956,700 Yuan from a year earlier, mainly because
entrust financial products are expired in the period and net cash out-flow from purchasing are declined on a y-o-y
basis in the period;
7. Net cash flow from financing activity: increased 49,552,600 Yuan from a year earlier, mainly due to the
increase of cash in-flow from bank loans in the period
II. Analysis and explanation of significant events and their influence and 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
system by the controlling subsidiary Weifu Tianli Pressure Technology 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, 2016-023 and
2017-001) were published on China Securities, 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 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,
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
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. 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.
(III) According to the resolution passed at the 15th meeting of the 8th session of the board of directors of the
Company held on 26 March 2018, the Company proposes to invest the preference shares of batch E issued by
Protean Holdings Corp. And the two parties will cooperate to establish a Sino-foreign joint venture.
(IV) On 13 April 2018, the Company has accomplished the merger of Weifu Petrol and diesel item. Because of
this, the 8th session of board of directors of the Company has deliberated and adopted the Proposal to Terminate
Prospective Investment and Set Industry Merger Funds on the 16th session of meeting.
Overview Disclosure date Query index for interim notice
Proposed application for listing in 2016-10-27 (Notice No. 2016-023) Published on Juchao Website (www.cninfo.com.cn)
the national middle and small
enterprises stock transfer system by
the controlling subsidiary Weifu 2017-01-07 (Notice No. 2017-001) Published on Juchao Website (www.cninfo.com.cn)
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)
Notice of Investment Outside 2018-03-28 (Notice No. 2018-003) Published on Juchao Website (www.cninfo.com.cn)
Terminate Prospective Investment
2018-04-17 (Notice No. 2018-011) Published on Juchao Website (www.cninfo.com.cn)
and Set Industry Merger Funds
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 2018
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
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
V. Securities Investment
√ Applicable □ Not applicable
Amount Proportio Amount
of
n of of Proportio
Initial stock-hol Book
n of Gains and
Short investmen ding at stock-hol stock-hol value at
Variety of Code of stock-hol loss in the Accounti Source of
form of t the the end of
securities securities ding at the ding at ding at reporting ng subject stock
securities cost(RM beginning the period
the end of (RMB)
B) of the beginning the end of (RMB)
the period
period
of the the period
(Share)
period (Share)
Financial
199,208,0 15,300,00 15,300,00 189,720,0 2,754,000 assets
Stock 600841 SDEC 1.77% 1.77% Purchase
00.00 0 0 00.00 .00 available
for sales
Financial
Miracle 69,331,50 73,334,70 -6,075,90 assets
Stock 002009 4,710,000 1.27% 4,710,000 1.27% Purchase
Logistics 0.00 0.00 0.00 available
for sales
268,539,5 20,010,00 20,010,00 263,054,7 -3,321,90
Total -- -- -- --
00.00 0 0 00.00 0.00
Disclosure date of securities 2012-03-24
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
Date Method Type of investors Index for the interview and research
1 Jan. 2018 to 31 The Company answered 35 questions for investors online through the
Written inquiries Other
Mar. 2018 investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)
1 Jan. 2018 to 31 Telephone Basic condition of the Company and views on market, communication
Other
Mar. 2018 communication with investors by telephone more than 50
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
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
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd
2018-03-31
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 1,611,143,533.94 3,118,709,412.83
Settlement provisions
Capital lent
Financial asset measured by fair value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable 1,256,133,984.12 1,464,256,934.83
Accounts receivable 2,409,458,586.88 1,995,577,830.90
Accounts paid in advance 111,282,473.44 97,576,197.88
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Interest receivable 1,279,937.50 2,281,979.17
Dividend receivable
Other receivables 13,707,373.93 5,214,623.41
Purchase restituted finance asset
Inventories 1,517,849,453.86 1,478,939,040.70
Assets held for sale
Non-current asset due within one year
Other current assets 5,388,229,806.05 3,887,997,290.53
Total current assets 12,309,085,149.72 12,050,553,310.25
Non-current assets:
Loans and payments on behalf
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Finance asset available for sales 720,343,357.00 588,142,869.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 4,643,898,890.04 4,140,064,825.58
Investment property 23,153,179.83 23,544,830.78
Fixed assets 2,624,097,916.44 2,584,872,628.54
Construction in progress 132,611,295.70 100,345,461.28
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 337,156,646.12 340,632,143.36
Expense on Research and Development
Goodwill 1,784,086.79 1,784,086.79
Long-term expenses to be apportioned 5,629,301.06 2,969,770.81
Deferred income tax asset 203,886,482.15 203,007,622.23
Other non-current asset 227,240,452.06 195,088,675.74
Total non-current asset 8,919,801,607.19 8,180,452,914.11
Total assets 21,228,886,756.91 20,231,006,224.36
Current liabilities:
Short-term loans 322,000,000.00 243,000,000.00
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 960,368,843.99 947,976,759.10
Accounts payable 2,642,467,514.56 2,570,956,205.83
Accounts received in advance 36,560,684.74 42,820,236.07
Selling financial asset of repurchase
Commission charge and commission payable
Wage payable 310,959,414.10 327,778,677.29
Taxes payable 143,245,530.56 93,869,690.36
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Interest payable 574,425.00 401,928.43
Dividend payable
Other accounts payable 73,025,090.25 62,937,940.90
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1 year 10,000,000.00 10,000,000.00
Other current liabilities
Total current liabilities 4,499,201,503.20 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 17,496,363.00 17,496,363.00
Long-term wages payable 30,448,132.88 30,448,132.88
Special accounts payable 18,265,082.11 18,265,082.11
Projected liabilities
Deferred income 447,935,163.69 451,281,721.77
Deferred income tax liabilities 16,880,579.15 17,406,622.39
Other non-current liabilities
Total non-current liabilities 576,025,320.83 579,897,922.15
Total liabilities 5,075,226,824.03 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 3,417,841,402.89 3,417,841,402.89
Less: Inventory shares
Other comprehensive income 84,345,840.01 87,169,455.01
Reasonable reserve 496,331.10 2,606.93
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Surplus public reserve 510,100,496.00 510,100,496.00
Provision of general risk
Retained profit 10,595,837,317.35 9,811,609,138.92
Total owner’s equity attributable to parent company 15,617,571,957.35 14,835,673,669.75
Minority interests 536,087,975.53 515,693,194.48
Total owner’s equity 16,153,659,932.88 15,351,366,864.23
Total liabilities and owner’s equity 21,228,886,756.91 20,231,006,224.36
Legal Representative: Chen Xuejun Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 1,228,212,330.24 2,460,413,190.84
Financial asset measured by fair value and with variation reckoned into
current gains/losses
Derivative financial assets
Notes receivable 396,137,489.67 449,209,323.02
Accounts receivable 960,947,925.73 1,047,012,889.92
Accounts paid in advance 51,381,510.13 52,269,971.38
Interest receivable 237,428.89 97,627.77
Dividend receivable
Other receivables 222,138,676.98 50,174,653.16
Inventories 436,141,903.66 425,577,163.53
Assets held for sale
Non-current asset due within one year
Other current assets 5,187,192,366.56 3,876,370,675.52
Total current assets 8,482,389,631.86 8,361,125,495.14
Non-current assets:
Finance asset available for sales 644,403,357.00 512,202,869.00
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 5,427,699,233.46 4,962,522,689.49
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Investment property
Fixed assets 1,565,825,596.31 1,567,315,925.73
Construction in progress 33,006,408.38 29,152,398.74
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 194,661,642.09 196,726,670.75
Expense on Research and Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 115,206,069.77 114,706,976.54
Other non-current asset 111,408,275.04 80,866,308.04
Total non-current asset 8,092,210,582.05 7,463,493,838.29
Total assets 16,574,600,213.91 15,824,619,333.43
Current liabilities:
Short-term loans 173,000,000.00 78,000,000.00
Financial liability measured by fair value and with variation reckoned
into current gains/losses
Derivative financial liability
Notes payable 434,376,830.72 459,762,950.78
Accounts payable 976,403,588.81 1,082,206,882.07
Accounts received in advance 6,349,315.67 12,242,442.51
Wage payable 216,919,861.25 216,598,203.73
Taxes payable 117,880,732.12 71,370,793.35
Interest payable 312,821.11 93,777.78
Dividend payable
Other accounts payable 68,960,524.68 9,982,668.55
Liability held for sale
Non-current liabilities due within 1 year
Other current liabilities
Total current liabilities 1,994,203,674.36 1,930,257,718.77
Non-current liabilities:
Long-term loans
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Bonds payable
Including: preferred stock
Perpetual capital securities
Long-term account payable
Long-term wages payable 16,665,236.81 16,665,236.81
Special accounts payable
Projected liabilities
Deferred income 401,154,078.00 407,070,636.08
Deferred income tax liabilities 14,884,559.99 15,382,844.99
Other non-current liabilities
Total non-current liabilities 432,703,874.80 439,118,717.88
Total liabilities 2,426,907,549.16 2,369,376,436.65
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 3,488,221,286.39 3,488,221,286.39
Less: Inventory shares
Other comprehensive income 84,345,840.01 87,169,455.01
Reasonable reserve
Surplus public reserve 510,100,496.00 510,100,496.00
Retained profit 9,056,074,472.35 8,360,801,089.38
Total owner’s equity 14,147,692,664.75 13,455,242,896.78
Total liabilities and owner’s equity 16,574,600,213.91 15,824,619,333.43
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 2,391,982,640.39 2,457,239,285.84
Including: Operating income 2,391,982,640.39 2,457,239,285.84
Interest income
Insurance gained
Commission charge and commission income
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
II. Total operating cost 2,151,266,982.24 2,223,746,377.38
Including: Operating cost 1,875,352,869.67 1,968,602,520.31
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
Taxes and surcharge 16,120,507.10 19,195,496.41
Sales expenses 50,463,484.87 41,776,849.82
Administration expenses 204,506,427.09 204,449,276.63
Financial expenses 4,179,488.75 -1,067,264.09
Losses of devaluation of asset 644,204.76 -9,210,501.70
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 606,842,043.19 473,092,354.10
Including: Investment income on affiliated company and joint venture 503,834,064.46 396,008,914.27
Exchange income (Loss is listed with “-”)
Assets disposal income (Loss is listed with “-”) 118,457.72 -31,966.44
Other income 5,921,558.08
III. Operating profit (Loss is listed with “-”) 853,597,717.14 706,553,296.12
Add: Non-operating income 256,470.01 8,274,255.45
Less: Non-operating expense 305,583.02 1,323,477.68
IV. Total Profit (Loss is listed with “-”) 853,548,604.13 713,504,073.89
Less: Income tax expense 49,820,490.98 45,554,436.17
V. Net profit (Net loss is listed with “-”) 803,728,113.15 667,949,637.72
(I) Continuous operation net profit (Net loss is listed with “-”) 803,728,113.15 667,949,637.72
(II) Discontinued operation net profit (Net loss is listed with “-”)
Net profit attributable to owner’s of parent company 784,228,178.43 645,645,422.01
Minority shareholders’ gains and losses 19,499,934.72 22,304,215.71
VI. Net after-tax of other comprehensive income -2,823,615.00 -46,535,077.50
Net after-tax of other comprehensive income attributable to owners of
-2,823,615.00 -46,535,077.50
parent company
(I) Other comprehensive income items which will not be reclassified
subsequently to profit of loss
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
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 reclassified
-2,823,615.00 -46,535,077.50
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
-2,823,615.00 -46,535,077.50
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
Net after-tax of other comprehensive income attributable to minority
shareholders
VII. Total comprehensive income 800,904,498.15 621,414,560.22
Total comprehensive income attributable to owners of parent Company 781,404,563.43 599,110,344.51
Total comprehensive income attributable to minority shareholders 19,499,934.72 22,304,215.71
VIII. Earnings per share:
(i) Basic earnings per share 0.78 0.64
(ii) Diluted earnings per share 0.78 0.64
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
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
In RMB
Item Current Period Last Period
I. Operating income 1,134,852,459.84 813,934,214.19
Less: Operating cost 844,533,166.42 638,887,572.89
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Taxes and surcharge 9,752,319.83 7,984,966.78
Sales expenses 7,595,353.42 7,678,027.13
Administration expenses 110,530,155.66 92,345,965.58
Financial expenses 1,279,757.72 -3,518,233.94
Losses of devaluation of asset -112,041.54 137,433.22
Add: Changing income of fair value(Loss is listed with “-”)
Investment income (Loss is listed with “-”) 568,184,522.70 1,332,340,867.66
Including: Investment income on affiliated company and joint
465,176,543.97 361,508,245.44
venture
Assets disposal income (Loss is listed with “-”) 103,477.02 -6,016.75
Other income 5,916,558.08
II. Operating profit (Loss is listed with “-”) 735,478,306.13 1,402,753,333.44
Add: Non-operating income 17,250.00 7,690,373.46
Less: Non-operating expense 204,017.14 928,601.60
III. Total Profit (Loss is listed with “-”) 735,291,538.99 1,409,515,105.30
Less: Income tax expense 40,018,156.02 22,664,455.66
IV. Net profit (Net loss is listed with “-”) 695,273,382.97 1,386,850,649.64
(I) Continuous operation net profit (Net loss is listed with “-”) 695,273,382.97 1,386,850,649.64
(II) Discontinued operation net profit (Net loss is listed with “-”)
V. Net after-tax of other comprehensive income -2,823,615.00 -46,535,077.50
(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 reclassified
-2,823,615.00 -46,535,077.50
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
-2,823,615.00 -46,535,077.50
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
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
flow hedging instruments
5. Translation differences arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 692,449,767.97 1,340,315,572.14
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 2,229,870,777.53 1,577,421,097.54
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 15,624,865.23 6,023,940.02
Other cash received concerning operating activities 5,834,119.83 8,921,775.92
Subtotal of cash inflow arising from operating activities 2,251,329,762.59 1,592,366,813.48
Cash paid for purchasing commodities and receiving labor service 1,618,207,541.31 995,152,879.93
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 344,325,314.81 285,801,816.67
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Taxes paid 107,621,270.28 126,987,566.22
Other cash paid concerning operating activities 94,758,931.08 92,306,327.01
Subtotal of cash outflow arising from operating activities 2,164,913,057.48 1,500,248,589.83
Net cash flows arising from operating activities 86,416,705.11 92,118,223.65
II. Cash flows arising from investing activities:
Cash received from recovering investment 2,845,527,612.00 1,103,810,985.03
Cash received from investment income 103,007,978.73 52,468,395.94
Net cash received from disposal of fixed, intangible and other long-term
452,562.97 52,789,826.68
assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 2,948,988,153.70 1,209,069,207.65
Cash paid for purchasing fixed, intangible and other long-term assets 171,913,851.27 136,457,664.94
Cash paid for investment 4,520,570,000.00 3,821,063,985.03
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 4,692,483,851.27 3,957,521,649.97
Net cash flows arising from investing activities -1,743,495,697.57 -2,748,452,442.32
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 190,000,000.00 105,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities 5,470,000.00
Subtotal of cash inflow from financing activities 195,470,000.00 105,000,000.00
Cash paid for settling debts 111,000,000.00 70,000,000.00
Cash paid for dividend and profit distributing or interest paying 3,441,771.85 2,474,612.51
Including: Dividend and profit of minority shareholder paid by
subsidiaries
Other cash paid concerning financing activities 1,049,711.28
Subtotal of cash outflow from financing activities 114,441,771.85 73,524,323.79
Net cash flows arising from financing activities 81,028,228.15 31,475,676.21
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate -3,245,235.97 138,701.86
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
V. Net increase of cash and cash equivalents -1,579,296,000.28 -2,624,719,840.60
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 1,369,143,353.94 1,170,503,837.51
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 1,528,777,082.09 495,702,092.06
Write-back of tax received
Other cash received concerning operating activities 3,977,167.24 337,942,177.95
Subtotal of cash inflow arising from operating activities 1,532,754,249.33 833,644,270.01
Cash paid for purchasing commodities and receiving labor service 996,921,619.99 357,055,448.99
Cash paid to/for staff and workers 182,998,814.26 109,935,147.40
Taxes paid 64,131,520.72 55,895,858.21
Other cash paid concerning operating activities 99,593,806.29 21,847,296.38
Subtotal of cash outflow arising from operating activities 1,343,645,761.26 544,733,750.98
Net cash flows arising from operating activities 189,108,488.07 288,910,519.03
II. Cash flows arising from investing activities:
Cash received from recovering investment 2,764,477,612.00 1,004,900,000.00
Cash received from investment income 103,007,978.73 954,468,395.94
Net cash received from disposal of fixed, intangible and other long-term
183,880.00 52,592,957.40
assets
Net cash received from disposal of subsidiaries and other units 2,410,502.57
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 2,867,669,470.73 2,014,371,855.91
Cash paid for purchasing fixed, intangible and other long-term assets 61,844,819.06 29,801,694.00
Cash paid for investment 4,225,570,000.00 3,538,000,000.00
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities 130,000,000.00
Subtotal of cash outflow from investing activities 4,417,414,819.06 3,567,801,694.00
Net cash flows arising from investing activities -1,549,745,348.33 -1,553,429,838.09
III. Cash flows arising from financing activities
Cash received from absorbing investment
无锡威孚高科技集团股份有限公司 2018 年第一季度报告全文
Cash received from loans 100,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 100,000,000.00
Cash paid for settling debts 5,000,000.00
Cash paid for dividend and profit distributing or interest paying 1,229,226.10 800,399.99
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 6,229,226.10 800,399.99
Net cash flows arising from financing activities 93,770,773.90 -800,399.99
IV. Influence on cash and cash equivalents due to fluctuation in exchange rate -3,245,235.97 138,701.86
V. Net increase of cash and cash equivalents -1,270,111,322.33 -1,265,181,017.19
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 1,184,585,646.87 878,196,042.80
II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company was unaudited
Board of Director of
Weifu High-Technology Group Co., Ltd
Chairman: ________
Chen Xuejun
27 April 2018
