Stock Code: 000581, 200581 Public Notice No: 2021-033Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.Summary of Semi-Annual Report 2021
I. Important NoticeThe 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 semi-annual 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 | WFHT, 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 | Liu Jinjun | Xu Kan | ||
| Office add. | No.5, Huashan Road, Xinwu District, Wuxi City | No.5, Huashan Road, Xinwu 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) | 9,037,691,756.24 | 6,594,403,624.56 | 37.05% |
| Net profit attributable to shareholders of the listed company (RMB) | 1,645,389,487.32 | 1,326,344,424.98 | 24.05% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 1,702,220,554.09 | 1,175,574,728.86 | 44.80% |
| Net cash flow arising from operating activities (RMB) | 80,191,609.17 | 437,657,072.41 | -81.68% |
| Basic earnings per share (RMB/Share) | 1.66 | 1.32 | 25.76% |
| Diluted earnings per share (RMB/Share) | 1.66 | 1.32 | 25.76% |
| Weighted average ROE | 8.72% | 7.80% | 0.92% |
| Current period-end | period-end of last year | Changes over period-end of last year | |
| Total assets (RMB) | 27,779,188,733.05 | 27,350,695,388.21 | 1.57% |
| Net assets attributable to shareholder of listed company (RMB) | 18,435,134,764.13 | 18,282,017,990.66 | 0.84% |
3. Number of shares and share-holding
In Share
| Total common stock shareholders at the end of the reporting period | 69,815 | Total preference shareholders with voting rights recovered at the 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 | Information of shares pledged, tagged or 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 | |||||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Foreign corporate | 5.80% | 58,474,174 | |||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.57% | 15,833,515 | |||||
| Basic Pension Insurance Fund- 1003 | Other | 1.20% | 12,105,618 | |||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.70% | 7,043,386 | |||||
| NSSF - 116 | Other | 0.58% | 5,865,698 | |||||
| Haitong Securities Company Limited | State-owned corporate | 0.49% | 4,965,301 | |||||
| NSSF - 413 | Other | 0.48% | 4,830,000 | |||||
| GTJA- Allianz Fund - China Pacific Life Insurance Co., Ltd. - With-profit insurance - GTJA- Allianz Fund CPIC Equity Relative Income (Guaranteed Dividend) Single Asset Management Plan | Other | 0.47% | 4,714,900 | |||||
| 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 for the acquisition of Listed Company. | |||||||
| Shareholders involving margin business (if applicable) | N/A | |||||||
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. Bonds in existence as of the approval date of the semi-annual report
□ Applicable √ Not applicable
III. Important Matters(i) The company’s business conditions during the reporting periodSince this year, the company has seriously implemented the annual work goal, seized the developmentopportunities of automobile industry, especially the commercial vehicles, and both production and sales of mainproducts including diesel fuel injection system products, automobile exhaust after-treatment system products andair management system products have been thriving. The company's main economic indicators in the first half ofthe year has maintained better growth compared with the same period last year. During the reporting period, theCompany achieved an operating income of 9.038 billion yuan, an increase of 37.05% over the same period of theprevious year; the net profit attributable to shareholder of parent company has 1.645 billion yuan, an increase of
24.05% over the same period last year.
(ii) Main work carried out by the company during the reporting period
1. Seize market opportunities and improve marketing management. The company seized the market developmentopportunities of the automobile industry, especially the commercial vehicles, dynamically focused on the annualkey projects and indicator schedules. Driven by factors such as China VI standard switching, over-limit controland infrastructure projects, the sales of diesel fuel injection system products and automobile exhaustafter-treatment system products have increased significantly, and the share of the company's main products andstrategic customers in the market has increased. The current China VI projects have been making steady progress,and new business projects such as hydrogen fuel cells and intelligent networks have achieved positive progress.The company has accelerated the integration and training of marketing team, continuously improved the operationmechanism of the key customer manager platform, focused on core strategic customers and key customers, andachieved remarkable results in the new energy field. The company's new image and new brand have been steadilypromoted, and the major exchange activities with customers have been carried out intensively.
2. Strengthen technological innovation and accelerate new layout. Key research and development projects such asdiesel fuel injection system, automobile exhaust after-treatment system, air management system, hydrogen energyfuel cell, and intelligent network has been promoting steadily as planned. We deepened the business planning ofthe core components of hydrogen fuel cell, promoted the feasibility study of producing hydrogen by waterelectrolysis, promoted the construction planning of the hydrogen energy department, and obtained the support ofgovernment departments for the development of hydrogen energy business; further improved the planning ofenvironmental situation awareness in the intelligent safeguard field, and combined with the intelligent cockpit tocomplete a new round of intelligent network planning. In order to seek opportunities for coordinated developmentof the industrial chain, we have completed the investments in Qingdao Shang Qi Hui Zhu Zhan Xin IndustryInvestment Fund and Wuxi Auto-link World Information Technology Co., Ltd., improved the cooperativemanagement mode of new business and overseas subsidiaries, and made positive progress in customercooperation and market application of new business.
3. Strengthen quality management and promote intelligent manufacturing. Improved the evaluation standards forthe product quality full lifecycle management maturity and the preparation process of 5M1E full factors maturityand completed the pilots; planned and organized special work of high quality improvement in production,strengthened the effectiveness of employee raising hands, review and rectification implementation in processquality control. Intelligent manufacturing system projects such as WMS and MES continued to advance andgradually put into service, and the construction of intelligent factories proceeded in an orderly manner, 5G+Innovation Lab completed the infrastructure work and subject system design, information security systemcompleted construction and passed the on-site audit of the ISO27001 system, and built EHS informationregulatory platform and imported the safety process S-FMEA control.
4. Promote management upgrade and improve business benefits. Established a "one report one meeting"management monitoring mechanism and put into normal operation. Completed the launch of the main plan of thecommon rail parts collaborative system, promoted the raw material quality management improvement project, andstrengthened the analysis and disposal of slow flow materials. Continuously optimized the sharing serviceplatform, and further promoted cost standardization and refined management, and asset operation quality and fundoperating efficiency had continuous improvement. Continuously carried out risk control capacity building andself-investigation work of business division risk control compliance. Further implemented the ten measures forhuman resources control, planned and organized the "Three Sail One Master" special training activities,formulated salary structural adjustment programs, and continued to enhance internal fairness and externalcompetitiveness.
BOD Of Weifu High-Technology Group Co., Ltd.
24 August 2021