Stock Code: 000581, 200581 Public Notice No: 2023-011Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.Summary of Annual Report 2022I. 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 read the full-text of annual report that published on media appointed by CSRC.All directors attended the Meeting of the Board for Annual Report 2022 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 983,173,293, distributed
1.00 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 CompanyThe Company is engaged in the research and development, production and sales of core automotive parts andcomponents. During the reporting period, the main products are diesel fuel injection system products, exhaust gas
after-treatment system products and air intake system products. Meanwhile, the core components of the fuel cellproducts of the Company have been produced and marketed in small batches.
1. The diesel fuel injection system products are widely applied to diesel engines of all grades of power, to supportvarious types of trucks, buses, construction machinery, marine, agricultural machinery, generator sets, etc. Theproducts can satisfy the National VI and Off-road Stage IV emission regulations for vehicles, and are in theleading position within the industry in terms of product variety, production scale, market share, etc. While makingefforts to match with domestic main engines, some products have been exported to America, Southeast Asia, theMiddle East and other regions.
2. exhaust gas after-treatment system products can satisfy the National VI and Off-road Stage IV emissionregulations for vehicles. The products are in the leading position domestically in terms of technology level, marketscale and production capacity, and are widely used in the fields of passenger cars, commercial vehicles, off-roadmachinery, etc., which can provide strong support for the product upgrading of main engine manufacturers.
3. Air intake system products (superchargers), can satisfy the National VI, Off-road Stage IV emission regulationsfor vehicles, the application range covers multiple fields such as commercial vehicles, passenger cars,construction machinery, agricultural machinery and generator sets, providing support for major domestic OEMsand vehicle manufacturers.
4. The core components of the fuel cell products, including membrane electrode, graphite bipolar plate, metalbipolar plate and key BOP components are used for supporting domestic and overseas fuel cell reactor and systemmanufacturers.(ii) Business model of the CompanyThe Company follows the business philosophy of “Making Fine Products, Creating Famous Brands andAchieving Common Growth in Values” and implements the business model of unified management by the parentcompany and decentralized production by the subsidiaries. The parent company is responsible for formulatingstrategic development plans and business objectives, and providing unified management, guidance and assessmentto the subsidiaries in terms of finance, major personnel management, core raw materials, quality control,technology development, etc. Subsidiaries arrange production based on the order management model of themarket, which not only enables the subsidiaries to maintain uniform product quality, but also facilitates timelyunderstanding of customer demands and saving logistics costs, so as to improve the economic efficiency of theCompany by maintaining the timeliness of product production and supply.
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 2022 | Year-end of 2021 | Changes at end of the current year compared with the end of previous year (+,-) | Year-end of 2020 | |
| Total assets | 28,528,913,065.01 | 27,970,858,427.84 | 2.00% | 27,350,695,388.21 |
| Net assets attributable to shareholders of listed company | 17,696,679,170.72 | 19,398,607,689.65 | -8.77% | 18,282,017,990.66 |
| 2022 | 2021 | Changes in the current year over the previous year (+,-) | 2020 | |
| Operating income | 12,729,634,917.03 | 13,682,426,710.95 | -6.96% | 12,883,826,306.60 |
| Net profit attributable to shareholders of the listed company | 118,819,836.30 | 2,575,371,419.80 | -95.39% | 2,772,769,377.96 |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 119,966,549.62 | 2,544,559,926.75 | -95.29% | 2,089,986,086.10 |
| Net cash flows arising from operating activities | -2,575,742,649.43 | 627,712,593.41 | -510.34% | 781,811,234.01 |
| Basic earnings per share (RMB/Share) | 0.09 | 2.57 | -96.50% | 2.79 |
| Diluted earnings per share (RMB/Share) | 0.09 | 2.57 | -96.50% | 2.79 |
| Weighted average ROE | 0.64% | 13.67% | -13.03% | 15.78% |
(2) Quarterly main financial index
In RMB
| Q 1 | Q 2 | Q 3 | Q 4 | |
| Operating income | 4,322,024,211.55 | 2,815,148,646.42 | 2,607,800,533.18 | 2,984,661,525.88 |
| Net profit attributable to shareholders of the listed company | 720,738,423.95 | 370,388,056.13 | 175,558,437.23 | -1,147,865,081.01 |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 736,298,585.98 | 391,110,353.55 | 210,509,494.30 | -1,217,951,884.21 |
| Net cash flows arising from operating activities | -797,509,772.69 | -1,696,472,272.20 | -814,584,807.48 | 732,824,202.94 |
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
The Company has retroactively adjusted the data disclosed in the first quarter report, semi-annual Report and third quarter report, thespecific reasons for adjustment can be found in “Announcement on Correction of Previous Accounting Errors” disclosed by the
Company on the designated website of Shenzhen Stock Exchange on April 28, 2023.
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 the reporting period-end | 66,140 | Total common stock shareholders at end of last month before annual report disclosed | 69,132 | Total preference shareholders with voting rights recovered at the end of reporting period | 0 | Total preference shareholders with voting rights recovered at the end of last month before annual report disclosed | 0 | |||||
| Top ten shareholders | ||||||||||||
| Name of Shareholders | Nature of Shareholders | 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 | 1.95% | 19,663,238 | |||||||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.39% | 14,006,315 | |||||||||
| NSSF - 413 | Other | 1.00% | 10,110,000 | |||||||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.68% | 6,863,386 | |||||||||
| Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategic Yingzhi Fund | Other | 0.55% | 5,500,106 | |||||||||
| Xie Zuogang | Domestic nature person | 0.51% | 5,132,967 | |||||||||
| Fei Guohua | Domestic nature person | 0.50% | 5,020,725 | |||||||||
| Basic pension insurance fund- 1003 | Other | 0.45% | 4,524,356 | |||||||||
| 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) | Among the top 10 shareholders, Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategic Yingzhi Fund holds 5,500,106 shares through investor credit securities accounts; Shareholder Fei Guohua holds 5,020,725 shares through an investor's credit securities account. | |||||||||||
(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 2022Annual Report for details during the reporting period.
Board of Directors ofWeifu High-Technology Group Co., Ltd.28 April 2023
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..