[一季报]苏威孚Ｂ:2021年第一季度报告全文（英文版）
原标题:苏威孚Ｂ:2021年第一季度报告全文（英文版） Weifu High - Technology Group Co., Ltd. First Quarterly Report 2021 April 2021 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 s tatements, 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 Wang Xiaodong, Prin cipal 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. 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 Current Period Same period of la st year Changes of this period over same period of last year Operating income (RMB) 4,700,158,675.54 2,772,108,717.43 69.55% Net profit attributable to shareholders of the listed company (RMB) 861,572,997.00 549,996,717.72 56.65% Net profit attributable to shareholders of the listed company after deducting non - recurring gains and losses (RMB) 932,554,535.06 495,225,376.36 88.31% Net cash flow arising from operating activities (RMB) - 229,541,250.49 319,204,809.86 - 171.91% Ba sic earnings per share (RMB/Share) 0.87 0.55 58.18% Diluted earnings per share (RMB/Share) 0.87 0.55 58.18% Weighted average ROE 4.61% 3.18% 1.43% End of this period End of last period Changes of this period - end over same period - end of last year Total assets (RMB) 28,619,573,993.66 27,350,695,388.21 4.64% Net assets attributable to shareholder of listed company (RMB) 19,143,233,995.51 18,282,017,990.66 4.71% Items of non - recurring gains and losses √ Applicable □ Not applicable In RMB Item Amount from year - begin to period - end Note Gains/losses from the disposal of non - current asset (including the write - off that accrued for impairment of assets) 1,676,181.25 Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) 10,247,700.49 Gains/losses of fair value changes from holding the transaction financial asset, derivative financial assets, trans action financial liability and derivative financial liability and investment earnings obtained from disposing the transaction financial - 94,934,860.22 asset, derivative financial assets, transaction financial liability, derivative financial liability and other debt inves tment, except for the effective hedging business related to normal operation of the Company Other non - operating income and expenditure except for the aforementioned items - 2,546.17 Less: impact on income tax - 12,454,718.08 Impact on minority shareholders’ equity (post - tax) 422,731.49 Total - 70,981,538.06 -- Concerning the extraordinary profit (gain)/loss defined by Q&A Annou ncement 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 report period 63,444 Total preferred stockholders with voting rights recover at the end of report period (if applicable) 0 Top ten shareholders Shareholder’s name Nature of shareholder Proportion of shares held Amount of shares held Amount of restricted shares held Number of share 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 Hong Kong Securities Clearing Company Foreign corporate 6.36% 64,216,612 BBH BOS S/A FIDELITY FD - CHINA FOCUS FD Foreign corporate 1.60% 16,093,515 Central Huijin Assets Management Co., Ltd. State - owned corporate 1.27% 12,811,200 Basic Pension Insurance Fund - 1003 Other 1.09% 10,968,106 Huatai Financial Holdin gs (Hong Kong) Limited － Client fund Foreign corporate 0.79% 7,999,998 FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND Foreign corporate 0.73% 7,339,586 Monetary Authority of Macao - own fund Foreign corporate 0.55% 5,521,441 Haitong Securities Co., Ltd. State - owned corporate 0.50% 5,001,101 Top ten shareholders with unrestricted shares held Shareholder’s name Amount of unrestricted shares held Type of shares Type Amount Wuxi Industry Development Group Co., Ltd. 204,059,398 RMB common shares 204,059,398 ROBERT BOSCH GMBH 142,841,400 RMB common shares 115,260,600 Domestically listed foreign shares 27,580,800 Hong Kong Securities Clearing Company 64,216,612 RMB common shares 64,216,612 BBH BOS S/A FID ELITY FD - CHINA FOCUS FD 16,093,515 Domestically listed foreign shares 16,093,515 Central Huijin Assets Management Co., Ltd. 12,811,200 RMB common shares 12,811,200 Basic Pension Insurance Fund - 1003 10,968,106 RMB common shares 10,968,106 Huatai Financial Holdings (Hong Kong) Limited － Client fund 7,999,998 RMB common shares 7,999,998 FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND 7,339,586 Domestically listed foreign shares 7,339,586 Monetary Authority of Macao - own fund 5,521,441 RMB co mmon shares 5,521,441 Haitong Securities Co., Ltd. 5,001,101 RMB common shares 5,001,101 Note of related relationship among the above shareholders and concerted actors Among the top ten shareholders, the Company knew there ha s no associated relationship between Wuxi Industry Development Croup Co ., Ltd., the first largest shareholder of the Company, and other shareholders; and they do not belong to the consistent actionist regulated by the Management Measure of Information Disc losure on Change of Shareholding for Listed Company . 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 Section III. Significant Events I. Changes in the main financial data and financial indicators during the reporting period and the reasons √ Applicable □ Not applicable (i) Changes and reasons of items in balance sheet ： 1. Accounts receivable in the period-end increased 1377.87 million yuan by comparing with end of last year with 48.78 percent up, mainly due to the increase in sales revenue during the reporting period; 2. Advance payment in the period-end increased 52.69 million yuan by comparing with end of last year with 34.69 percent up, mainly due to the increase in purchases during the reporting period; 3. Other receivables in the period-end decreased 18.02 million yuan by comparing with end of last year with 33.25 percent down, mainly due to the recovery of dividends receivable during the reporting period; 4. Other non-current financial assets in the period-end decreased 540.44 million yuan by comparing with end of last year with 29.93 percent down, mainly due to the more than one year wealth management maturity during the reporting period; 5. Deferred income tax assets in the period-end increased 78.39 million yuan by comparing with end of last year with 39.51 percent up, mainly due to the prepayment of corporate income tax for the investment income and the gains and losses of fair value changes during the reporting period; 6. Short-term loan in the period-end increased 433.10 million yuan by comparing with end of last year with 143.30 percent up, mainly due to the increase in bank borrowings during the reporting period; 7. Contract liabilities in the period-end decreased 39.17 million yuan by comparing with end of last year with 47.93 percent down, mainly due to the settlement of advance payment during the reporting period; 8. Wages payable in the period-end decreased 160.09 million yuan by comparing with end of last year with 48.16 percent down, mainly because paying the employee performance rewards in the reporting period; 9. Taxes payable in the period-end increased 166.03 million yuan by comparing with end of last year with 245.99 percent up, mainly due to the increase in quarterly prepayment of corporate income tax during the reporting period; 10. Non-current liabilities due within one year in the period-end decreased 12.32 million yuan by comparing with end of last year with 33.36 percent down, mainly because the loan repayment at maturity in the reporting period; 11. Other comprehensive income in the period-end decreased 18.89 million yuan, mainly due to the conversion difference of foreign currency statements; (ii) Changes and reasons of items in profit and loss statement ： 1. Operating income in the period increased 1928.05 million yuan from a year earlier with 69.55 percent up, mainly due to the rapid growth of the company’s three major system businesses; 2. Operating cost in the period increased 1604.61 million yuan from a year earlier with 71.30 percent up, mainly due to the rapid growth of the company’s three major system businesses; 3. R&D expenses in the period increased 44.2 million yuan from a year earlier with 59.15 percent up, mainly because investment in research and development increased during the reporting period; 4. Investment income in the period increased 191.74 million yuan from a year earlier with 52.87 percent up, mainly because the income from joint stock enterprise increased; 5. Gains from changes in fair value in the period decreased 86.54 million yuan from a year earlier, mainly because the fair value of other equity investment, such as Guolian Securities etc. declined from a year earlier; 6. The total profit in the period increased 348.68 million yuan from a year earlier with 58.84 percent up, mainly because benefiting from the boom in the automotive industry, especially the commercial vehicle market, the company's main products are booming in production and sales; (iii) Changes and reasons of items in cash flow statement ： 1. Net cash flow arising from operation activity in the period decreased 548.75 million yuan from a year earlier, mainly because the increase in sales revenue and the payment due date has not arrived; 2. Net cash flow arising from investment activity decreased 395.47 million yuan from a year earlier, mainly because the wealth management business has not expired and the cash inflow declined; 3. Net cash flow arising from financing activity increased 707.17 million yuan from a year earlier, mainly due to the payment in 2020 caused by the repurchase of A shares by means of centralized bidding and the bank borrowings during the reporting period increased. II. Analysis and explanation of significant events and their influence and solutions √ Applicable □ Not applicable 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, 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. (“Hejun Company” for short) for damaged the interests of corporate credit ors, 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 compul sory liquidation on Hejun Company. The Company will fully engage with the Court for relevant liquidation works completed, guarantee legitimate interest of the Company. Overview Disclosure date Query index for interim notice Parts of the joint-stock enterprise’s equity held by the Company freeze March 8, 2017 (Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn) December 6, 2017 (Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn) Implementation progress of shares buy - back □ Applicable √ Not applicable Implementation progress of the reduction of repurchases shares by centralized bidding □ Applicable √ Not applicable 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. Securities Investment √ Applicable □ Not applicable In RMB Variety of securities Code of securities Short form of securities Initial investment cost Acc ount ing mea sure ment mod el Book value at the beginning of the period Current gain/loss of fair value c hanges Cumulat ive fair value changes in equity Curr ent purc hase amo unt Curr ent sales amo unt Prof it and loss in the Rep orti ng Peri od Book value at the end of the period Accounting subject Capital Source Domesti c and foreign stocks 6008 41 SDE C 199,208,000.00 Mea sure d by fair valu e 140,395,956.00 - 7,922,436.00 132,473,520.00 Trading financial assets Own funds Domesti c and foreign stocks 0020 09 Miracle Automation 69,331,500.00 Mea sure d by fair valu e 47,712,300.00 - 3,579,600.00 44,132,700.00 Trading financial assets Own funds Domesti c and foreign stocks 6014 56 Guol ian Secu rities 12,000,000.00 Mea sure d by fair valu e 326,848,122.00 - 83,432,824.22 243,415,297.78 Trading financial assets Own funds Total 280,539,500.00 -- 51 4,956,378.00 - 94,934,860.22 0.00 0.00 0.00 0.00 420,021,517.78 -- -- Dis closure date of securities investment approval by the Board March 24, 2012 June 4, 2013 2. Derivative investment □ Applicable √ Not applicable No derivative investment in the Period. V. Progress of investment projects with raised funds □ Applicable √ Not applicable VI. Prediction of business performance from January – June 2021 Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason □ Applicable √ Not applicable VII. Major contracts for daily operations □ Applicable √ Not applicable VIII. Trust financing √ Applicable □ Not applicable In 10 tho usand Yuan Specific type Sources of funds Amount occurred Undue balance Overdue amount Financing products Own funds 65,300 65,300 0 Financial products of securities firms Own funds 82,000 82,000 0 Trust financial products Own funds 289,280 284,580 0 Other type Own funds 67,770 67,770 0 Total 504,350 499,650 0 Details of the single major amount, or high - risk trust investment with low security, poor fluidity and non - guaranteed √ Applicable □ Not applicable In 10 thousand Yuan Trust e e institut ion r name Trustee type Type Amou nt Sou rce of fun ds Start date End date Capita l invest ment purpos e Criteria for fixing reward Referen ce annual rate of return Anticipat ed income (if applicabl e) Actual gains/los ses in period Actual collect ed gains/l osses in period Amount of reserve for devaluation of withdrawing (if applicable) Whe ther appr oved by legal proc edur e (Y/ N) Whet her has entru st finan ce plan in the futur e Summ ary of the items and relate d query index (if applic able) Bank Bank Non - gu arantee d floatin g income 1,300 Ow ned fun d March 2, 2021 May 26, 2021 Financ ial produc ts Contractual Performanc e Benchmark 3.55% 10.75 0 Collec ted accord ing to the contra ct Y Y Notic e No.: 2020 - 015 Securit ies trader Securit ies trader Non - gu arantee d floatin g income 18,000 Ow ned fun d January 12, 2021 Septem ber 14, 2021 Collec tive assets manag ement pla n Contractual Performanc e Benchmark 4.7% - 5% 544.96 265.16 Collec ted accord ing to the contra ct Y Y Trust Trust Non - gu arantee d floatin g income 33,880 Ow ned fun d January 8, 2021 January 29, 2023 Collec tion trust plan Contractual Performanc e Benchmark 5.8% - 7.4% 3,190.71 2,922.76 Collec ted accord ing to the contra ct Y Y Other Other Non - gu arantee 10,000 Ow ned February Februar y 8, Fund produc Contractual Performanc 6% 660 439.57 Collec ted Y Y d floatin g income fun d 8, 2021 2023 ts e Benchmark - 7.5% accord ing to the contra ct Total 63,180 -- -- -- -- -- -- 4,406.42 3,627.49 -- 0 -- -- -- Entrust financial expected to be unable to recover the principal or impairment might be occurred □ Applicable √ Not applicable IX. External security against the rules □ Applicable √ Not applicable The Company has no external security against the rules in the Period X. 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. XI. Registration form for receiving research, communication and interview in the report period √ Applicable □ Not applicable Date Reception location Method Type of investors Object Main content and information provided Index for the interview and research 1 Jan. 202 1 to 31 Mar. 202 1 Interactive platform （ http://irm.p5w.n et/dqhd/sichuan/ ） Written inquiries Other Other Basic condition of the Company and views on market The Company answered 55 questions for investors online through the investor relations interactive platform(http://irm.p5w .net/dqhd/sichuan/) 1 Jan. 202 1 to 31 Mar. 202 1 Telephone Telephone communication Other Other Basic condition of the Company and views on market Communicate with investors by telephone more than 50 Section IV. Financial Statement I. Financial statement 1. Consolidate balance sheet Prepared by Weifu High - Technology Group Co., Ltd March 31, 2021 In RMB Items March 31, 2021 March 31, 2020 Current assets: Monetary fund 1,950,302,133.22 1,963,289,832.33 Settlement provisions Capital lent Trading financial assets 4,183,535,346.48 3,518,432,939.10 Derivative financial assets Note receivable 1,267,852,573.12 1,657,315,723.56 Account receivable 4,202,650,005.87 2,824,780,352.41 Receivable financing 966,202,570.80 1,005,524,477.88 Accounts paid in advance 204,563,267.35 151,873,357.76 Insurance receivable Reinsurance receivables Contract reserve of reinsurance receivable Other account receivable 36,186,729.31 54,209,580.88 Including: Interest receivable Dividend receivable 49,000,000.00 Buying back the sale of financial assets Inventories 2,330,883,346.58 2,877,182,174.64 Contractual assets Assets held for sale Non - current asset due within one year Other current assets 2,255,163,156.12 2,137,921,113.61 Total current assets 17,397,339,128.85 16,190,529,552.17 Non - current assets: Loans and payments on behalf Debt investment Other debt investment Long - term account receivable Long - term equity investment 5,315,842,700.20 4,801,488,290.97 Investment in other equity instrument 285,048,000.00 285,048,000.00 Other non - current financial assets 1,265,345,215.64 1,805,788,421.00 Investment real estate 20,505,724.03 20,886,681.62 Fixed assets 2,897,748,447.32 2,882,230,191.08 Construction in progress 234,085,166.44 243,795,493.04 Productive biological asset Oil and gas asset Right - of - use assets 20,752,240.26 Intangible assets 439,784,832.52 4 54,412,947.69 Expense on Research and Development Goodwill 247,617,947.81 257,800,696.32 Long - term expenses to be apportioned 15,470,211.17 15,062,171.09 Deferred income tax asset 276,786,130.60 198,393,501.50 Other non - current asset 203,248,248.82 195,259,441.73 Total non - current asset 11,222,234,864.81 11,160,165,836.04 Total assets 28,619,573,993.66 27,350,695,388.21 Current liabilities: Short - term loans 735,340,793.39 302,238,600.05 Loan from central bank Capital borrowed Trading financial liability Derivative financial liability Note payable 2,047,595,491.70 2,462,592,372.82 Account payable 4,458,273,913.80 4,100,984,240.39 Accounts received in advance 659,924.15 4,071,236.87 Contractual liability 42,550,289.65 81,717,387.25 Selling financial asset of repurchase Absorbing deposit and interbank deposit Security trading of agency Security sales of agency Wage payable 172,333,790.05 332,421,811.82 Taxes payable 233,520,293.75 67,493,690.29 Other account payable 385,816,384.06 361,556,257.42 Including: Interest payable 4,862.22 4,862.22 Dividend payable Commission charge and commission payable Reinsurance payable Liability held for sale Non - current liabilities due within one year 24,598,290.18 36,914,242.02 Other current liabilities 252,136,307.16 222,871,087.33 Total current liabilities 8,352,825,477.89 7,972,860,926.26 Non - current liabilities: Insurance contract reserve Long - term loans 2,928,163.67 3,050,640.97 Bonds payable Including: Preferred stock Perpetual capital securities Lease liability 16,973,079.38 Long - term account payable 33,616,965.11 39,479,218.17 Long - term wages payable 181,980,293.94 181,980,293.94 Accrual liability Deferred income 317,812,460.63 328,204,476.73 Deferred income tax liabilities 28,608,655.87 30,653,933.12 Other non - current liabilities Total non - current liabilities 581,919,618.60 583,368,562.93 Total liabilities 8,934,745,096.49 8,556,229,489.19 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 3,313,084,469.55 3,294,242,368.28 Less: Inventory shares 303,627,977.74 303,627,977.74 Other comprehensive income - 4,969,906.17 13,916,619.47 Reasonable reserve 2,020,922.25 2,333,490.03 Surplus public reserve 510,100,496.00 510,100,496.00 Provision of general risk Retained profit 14,617,675,421.62 13,756,102,424.62 Total owner’ s equity attributable to parent company 19,143,233,995.51 18,282,017,990.66 Minority interests 541,594,901.66 512,447,908.36 Total owner’ s equity 19,684,828,897.17 18,794,465,899.02 Total liabilities and owner’ s equity 28,619,573,993.66 27,350,695,388.21 Legal Representative: Wang Xiaodong （未完）  |