Stock Code: 000581, 200581 Public Notice No: 2018-025Short Form of the Stock: Weifu High- Tech, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Summary of Semi-Annual Report 2018
I. Important Notice
The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and futuredevelopment plan of the Company; investors should found in the full-text that published on media appointed by CSRC.Whole directors of the Company attend the Board Meeting for report deliberation.Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reportingperiod
□ Applicable √ Not applicable
There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the CompanyProfit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Company profile
1. Company Profile
| Short form of the stock | Weifu High- Tech, Su Weifu-B | Stock code | 000581, 200581 | |
| Stock exchange for listing | Shenzhen Stock Exchange | |||
| Person/Way to contact | Secretary of the Board | Rep. of security affairs | ||
| Name | Zhou Weixing | Yan Guohong | ||
| Office add. | No.5, Huashan Road, New District, Wuxi City | No.5, Huashan Road, New District, Wuxi City | ||
| Tel. | 0510-80505999 | 0510-80505999 | ||
| web@weifu.com.cn | web@weifu.com.cn | |||
2. Main financial data and indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
| Current period | Same period of last year | Changes over last year | |
| Operating income (RMB) | 4,960,801,890.99 | 4,728,125,599.02 | 4.92% |
| Net profit attributable to shareholders of the listed company (RMB) | 1,545,242,704.92 | 1,325,922,029.56 | 16.54% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 1,378,865,501.57 | 1,208,264,288.81 | 14.12% |
| Net cash flow arising from operating activities (RMB) | 378,923,690.48 | 352,401,241.52 | 7.53% |
| Basic earnings per share (RMB/Share) | 1.53 | 1.31 | 16.79% |
| Diluted earnings per share (RMB/Share) | 1.53 | 1.31 | 16.79% |
| Weighted average ROE | 9.92% | 9.84% | 0.08% |
| Current period-end | period-end of last year | Changes over end of last year | |
| Total assets (RMB) | 21,920,788,842.86 | 20,231,006,224.36 | 8.35% |
| Net assets attributable to shareholder of listed company (RMB) | 15,111,165,491.74 | 14,835,673,669.75 | 1.86% |
3. Number of shares and share-holding
In Share
| Total common stock shareholders in reporting period-end | 64,429 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||
| Top ten shareholders | |||||||
| Full name of Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of shares pledged/frozen | ||
| State of share | Amount | ||||||
| Wuxi Industry Development Group Co., Ltd | State-owned corporate | 20.22% | 204,059,398 | ||||
| ROBERT BOSCH GMBH | Foreign corporate | 14.16% | 142,841,400 | ||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.71% | 17,286,585 | ||||
| Bank of Communication – HSBC Jixin Double Core Strategy Mixed Securities Investment Fund | Other | 1.67% | 16,805,835 | ||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Foreign corporate | 1.61% | 16,284,346 | ||||
| Central Huijin Assets Management Co., Ltd. | State-owned corporate | 1.27% | 12,811,200 | ||||
| RBC EMERGING MARKETS EQUITY FUND | Foreign corporate | 0.66% | 6,667,035 | ||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.54% | 5,459,404 | ||||
| National Social Security Fund-412 | Other | 0.45% | 4,499,184 | ||||
| Ping An Life Insurance Company of China – Bonus –individual insurance | Other | 0.40% | 4,009,378 | ||||
| Explanation on associated relationship among the aforesaid shareholders | Among the top ten shareholders, there has no associated relationship between Wuxi Industry Development Croup Co., Ltd. and other shareholders, the first largest shareholder of the Company; 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 shareholders involving margin business (if applicable) | Not applicable |
4. Changes of controlling shareholders or actual controller
Controlling shareholder changed in the Period
□ Applicable √ Not applicable
Controlling shareholders had no change in reporting period.Actual controller changed in the Period
□ Applicable √ Not applicable
Actual controller had no change in reporting period.
5. Total preferred shareholders and top 10 shares held by preferred shareholders
□ Applicable √ Not applicable
The Company has no preferred shareholders
6. Corporate bond
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date whensemi-annual report approved for released or fail to cash in full on due:
No
III. Discussion and analysis of operation
1. Operation status in the periodSince the beginning of this year, the company has continued to seize market opportunities and follow the trend,
continuously promoted the improvement of internal management, strengthened the internal risk control, improved
the early warning mechanism, and achieved the steady growth of the company’s comprehensive economic
benefits. During the period, the Company achieved an operation revenue of 4.961 billion Yuan with a y-o-ygrowth of 4.92%; profit amounted to 1.681 billion Yuan, an increase of 14.94% from a year earlier; the net profitattributable to owners of parent company amounted as 1.545 billion Yuan, an increase of 16.54% over same
period of last year.
Main work in the first half of the year1. Ensure the sustainable development of the traditional business market. Grasp the product market development,
ensure related product projects to be approved by the main engine plants; focus on production delivery, the outputof common rail products in the first half of the year reached a new high, and the supercharger products also had agood growth;2. Accelerate the layout of new business and the implementation of projects. Plan and lay out new business,launch the cooperation project of hub motor business with Protean, the first delivery is 24 million US dollars, thejoint venture project is progressing in an orderly manner.3. Continue to promote the optimization and improvement of internal management. Sort out the management dutyand function, optimize the organization; build a financial sharing center, plan and design the financialtransformation; establish a group procurement sharing platform project to standardize, optimize and upgrade the
existing system processes. Strengthen the security construction of the group’s information system and further
improve the human resources management system.2. Matters relevant to financial report(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the accounting period of last year
□ Applicable √ Not applicable
The Company had no particulars about the changes in aspect of accounting policy, estimates or calculation method in the reportingperiod.
(2) Particulars about retroactive restatement on major correction for accounting errors in reporting period
□ Applicable √ Not applicable
The company had no particulars about retroactive restatement on major correction for accounting errors in the reporting period.
(3) Particulars about the change of consolidation range compared with the accounting period of last year
√Applicable □Not applicable
In the Year, the wholly-owned subsidiary – Nanchang Weifu Leader Auto Parts Co., Ltd. was established by
investment from Weifu Leader, the industrial and commerce record was completed on 8 March 2018, and therewas no business exercise in the reporting period actually
Board of Directors ofWeifu High-Technology Group Co., Ltd.
28 August 2018