Stock Code: 000581, 200581 Public Notice No: 2022-010Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.Summary of Annual Report 2021I. Important NoticeThe summary is abstract from full-text of annual report, for more details of operating results, financial condition and futuredevelopment plan of the Company, investors should found in the full-text of annual report that published on media appointed byCSRC.All directors are attend the Meeting of the Board for Report deliberation.Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution plan of common stock or public reserve transfer into share capital deliberated by the Board in the reporting period
√Applicable □Not applicable
Transfer of public reserve into share capital
□Yes √No
The profit distribution plan that deliberated and approved by the Board is: based on total share capital of 1,008,603,293, distributed16 Yuan (tax included) bonus in cash for every 10-share hold by all shareholders, 0 share bonus issued (tax included) and no publicreserve transfer into share capital either.Profit distribution plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Company information
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 | No.5 Huashan Road, Xinwu District, Wuxi | ||
Fax. | 0510-80505199 | 0510-80505199 | ||
Tel. | 0510-80505999 | 0510-80505999 | ||
Web@weifu.com.cn | Web@weifu.com.cn |
2. Main business or products introduction in the reporting period
(i)Main business of the Company
Main business of the Company including R&D, production and sales on the automotive core component products,core products during the reporting period were diesel fuel injection system products, automotive exhaustafter-treatment system products and air management system products. Meanwhile, products with core componentsof fuel cell have achieved small production and sales.
1. The diesel fuel management system products are widely used in different power diesel engines supporting alltypes of trucks, passenger cars, buses, construction machinery, marine, and generator sets. The company not onlymakes products matching with the main engines used at home but also exports some products to the Americas,Southeast Asia, and the Middle East. The products meet the national emission standards.
2. The automotive exhaust after-treatment system products are supporting all major automobile manufactures inChina. And the products meet the national emission standards.
3. The Air management system products, matches with most of the domestic small-bore diesel engine plants andsome 6-cyl diesel engine manufacturers, and meet the needs of the light and heavy commercial vehicles and somepassenger cars and the engineering machinery. And the products meet the national emission standards.
4. Core component of the fuel cell, including “one membrane & two plates” (membrane electrodes, graphitebipolar plates, metal bipolar plates) and BOP key components for domestic and foreign fuel cell reactor andsystem manufacturers.
(ii) Business model of the CompanyThe Company follows the operating philosophy of “making competitive products, creating famous brands, andachieving joint value growth”, implements the business model that parent company unifies the management andsubsidiaries decentralize the production. The parent company is responsible for making strategic developmentplanning and operation targets, and making the unified management, instruction and assessment for the finance,significant personnel management, core raw materials, quality control, and the R&D of technologies. Thesubsidiaries arrange production based on the order management model of market, which makes the subsidiarieskeep the consistent quality with the Company, helps keep abreast of customer needs and saving logistics costs,maintain the timeliness of products production and supply, and improve the Company’s economic benefits.
3. Main accounting data and financial indexes
(1) Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
In RMB
Year-end of 2021 | Year-end of 2020 | Changes at end of the current year compared with the end of previous year (+,-) | Year-end of 2019 | |
Total assets | 27,970,858,427.84 | 27,350,695,388.21 | 2.27% | 23,958,348,185.78 |
Net assets attributable to shareholder of listed company | 19,398,607,689.65 | 18,282,017,990.66 | 6.11% | 16,990,405,136.62 |
2021 | 2020 | Changes in the current year over the previous year (+,-) | 2019 | |
Operating income | 13,682,426,710.95 | 12,883,826,306.60 | 6.20% | 8,784,356,960.30 |
Net profit attributable to shareholders of the listed company | 2,575,371,419.80 | 2,772,769,377.96 | -7.12% | 2,268,026,432.78 |
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 2,544,559,926.75 | 2,089,986,086.10 | 21.75% | 1,947,408,959.68 |
Net cash flows arising from operating activities | 627,712,593.41 | 781,811,234.01 | -19.71% | 1,048,670,053.23 |
Basic earnings per share (RMB/Share) | 2.57 | 2.79 | -7.89% | 2.25 |
Diluted earnings per share (RMB/Share) | 2.57 | 2.79 | -7.89% | 2.25 |
Weighted average ROE | 13.67% | 15.78% | -2.11% | 13.77% |
(2) Quarterly main financial index
In RMB
Q 1 | Q 2 | Q 3 | Q 4 | |
Operating income | 4,700,158,675.54 | 4,337,533,080.70 | 3,336,372,995.83 | 1,308,361,958.88 |
Net profit attributable to shareholders of the listed company | 861,572,997.00 | 783,816,490.32 | 484,604,192.65 | 445,377,739.83 |
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 932,554,535.06 | 769,666,019.03 | 444,013,803.42 | 398,325,569.24 |
Net cash flows arising from operating activities | -229,541,250.49 | 309,732,859.66 | 429,334,626.03 | 118,186,358.21 |
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financialindex disclosed in the company’s quarterly report and semi-annual report
□Yes √ No
4. Shares and shareholders
(1) Particulars about common stock shareholders, preference shareholders with voting rights recoveredand top ten shareholders
In Share
Total common stock shareholders in reporting period-end | 72,648 | Total common stock shareholders at end of last month before annual report disclosed | 70,740 | Total preference shareholders with voting rights recovered at end of reporting period | 0 | Total preference shareholders with voting rights recovered at end of last month before annual report disclosed | 0 | |||||
Top ten shareholders | ||||||||||||
Name of Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Number of lock-up stocks held | Information of shares pledged, tagged or frozen | |||||||
State of share | Amount | |||||||||||
Wuxi Industry Development Group Co., Ltd. | State-owned corporate | 20.23% | 204,059,398 | |||||||||
ROBERT BOSCH GMBH | Foreign corporate | 14.16% | 142,841,400 | |||||||||
Hong Kong Securities Clearing Company | Foreign corporate | 2.45% | 24,709,421 | |||||||||
BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.53% | 15,444,715 | |||||||||
Basic Pension Insurance Fund- 1003 | Other | 0.76% | 7,715,656 | |||||||||
FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.70% | 7,043,386 | |||||||||
NSSF - 413 | Other | 0.53% | 5,340,000 | |||||||||
Haitong Securities Company Limited | State-owned corporate | 0.46% | 4,635,900 | |||||||||
Qian Hao | Domestic nature person | 0.41% | 4,150,300 | |||||||||
Industrial and Commercial Bank of China Limited - Fullgoal CSI Bonus Enhanced Securities Investment Fund | Other | 0.37% | 3,706,582 | |||||||||
Explanation on associated relationship among the aforesaid shareholders | Among the aforesaid 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 persons acting in concert regulated by the Management Measure of Information Disclosure on Change of Shareholding for Listed Company. | |||||||||||
Explanation on shareholders involving margin business (if applicable) | N/A |
(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders withpreferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
(3) Property right and controlling relationships between the actual controllers of the Company and theCompany is as follows
5.Bonds in existence as of the approval date of the annual report
□ Applicable √ Not applicable
III. Important mattersDuring the reporting period, there was no significant change in the company's operation. See the full text of the company's 2021annual report for details during the reporting period.
Board of Directors ofWeifu High-Technology Group Co., Ltd.19 April 2022
Wuxi State-owned Assets Supervision &Administration Commission of State
CouncilWuxi Guofa Capital Operation
Co., Ltd.
Wuxi Guofa Capital Operation
Co., Ltd.Department of Finance ofJiangsu province
Department of Finance ofJiangsu province
Wuxi Industry Development Group Co., Ltd.
Wuxi Industry Development Group Co., Ltd.
27.3081%
27.3081%
68.1518%
68.1518% | 4.5401% |
100%
100%
20.23%
20.23%
Weifu High-Technology Group Co., Ltd..