Weifu High-Technology Group Co., Ltd.
First Quarterly Report 2015
April 2015
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 statements, 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
Chen Xuejun, Principal 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. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□Yes√ No
|||||
|-|-|-|-|
||||Changes of this period over|
||Current Period|Same period of last year||
||||same period of last year|
||1,782,232,936.10|1,683,594,542.57||
|Operating income (RMB)|||5.86%|
|Net profit attributable to shareholders of the|434,369,050.00|428,270,821.48||
||||1.42%|
|listed company(RMB)||||
|Net profit attributable to shareholders of the||||
|listed company after deducting non-recurring|389,141,510.92|424,200,694.33|-8.26%|
|gains and losses(RMB)||||
||208,387,101.74|138,667,588.16||
|Net cash flow arising from operating||||
||||50.28%|
|activities(RMB)||||
||0.43|0.42||
|Basic earnings per share (RMB/Share)|||2.38%|
||0.43|0.42||
|Diluted earnings per share (RMB/Share)|||2.38%|
|Weighted average ROE|3.90%|4.37%|-0.47%|
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year|
||15,250,981,711.72|14,488,589,167.90||
|Total assets (RMB)|||5.26%|
|Net assets attributable to shareholder of listed|11,395,175,313.91|10,859,034,688.96||
||||4.94%|
|company (RMB)||||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from||
|Item|year-begin to|Note|
||period-end||
|Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment|||
||-259,081.90||
|of assets)|||
|Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or|||
||909,000.30||
|ration according to national standards, which are closely relevant to enterprise’s business)|||
|Held transaction financial asset, gains/losses of changes of fair values from transaction financial|||
|liabilities, and investment gains from disposal of transaction financial asset, transaction financial|||
||75,800,874.69||
|liabilities and financial asset available for sales, exclude the effective hedging business relevant with|||
|normal operations of the Company|||
|Other non-operating income and expenditure except for the aforementioned items|7,477.36||
|Relocation expenses|-22,979,036.58||
|Less : impact on income tax|8,025,934.73||
|Impact on minority shareholders’ equity (post-tax)|225,760.06||
|Total|45,227,539.08|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement 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 inQ&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 inQ&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. Total number of common shareholders at the end of this report period and top ten common shareholders In shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total number of common shareholders||||||||||
||40,552|||||||||
|at the end of report period||||||||||
|Top ten common shareholders||||||||||
||||||||Number of share|||
||||Proportion|||Amount of||||
||||||Amount of||pledged/frozen|||
|Shareholder’s name|Nature of shareholder||of shares|||restricted||||
||||||shares held||State of|||
||||held|||shares held|||Amount|
||||||||share|||
|WUXI INDUSTRY DEVELOPMENTCROUP CO., LTD.|State-ownedlegal person||20.00%||204,059,398|||||
|ROBERT BOSCH GMBH|Foreign legal person||14.00%||142,841,400|||||
|MERRILL LYNCH INTERNATIONAL|Foreign legal person||1.66%||16,950,668|||||
|BBH BOS S/A FIDELITY FD - CHINAFOCUS FD|Foreign legal person||1.37%||14,004,079|||||
|Puxin Investment Company – clients fund|Foreign legal person||1.11%||11,347,877|||||
|UBS AG|Foreign legal person||1.09%||11,128,043|||||
|National Social Security Fund-106portfolio|Domestic non-state-ownedlegal person||0.97%||9,905,436|||||
|NCI—Bonus—Individual Bonus-018L-FH002 Shen|Domestic non-state-ownedlegal person||0.90%||9,204,408|||||
|MORGAN STANLEY & CO.INTERNATIONAL PLC.|Foreign legal person||0.75%||7,678,455|||||
|China Construction Bank- FullgoalTianbo Innovation Theme Stock Fund,|Domestic non-state-ownedlegal person||0.69%||7,000,000|||||
|Top ten common shareholders with unrestricted shares held||||||||||
|||Amount of||Type of shares||||||
|Shareholder’s name||unrestricted||||||||
|||common shares||Type||||Amount||
|||held||||||||
|WUXI INDUSTRY DEVELOPMENT CROUP CO., LTD.||204,059,398||RMB common share||||204,059,398||
|ROBERT BOSCH GMBH||142,841,400||RMB common share||||115,260,600||
|||||Domestically listed foreign share||||27,580,800||
|MERRILL LYNCH INTERNATIONAL||16,950,668||RMB common share||||16,950,668||
|BBH BOS S/A FIDELITY FD - CHINA FOCUS FD||14,004,079||Domestically listed foreign share||||14,004,079||
|Puxin Investment Company – clients fund||11,347,877||RMB common share||||11,347,877||

|||||
|-|-|-|-|
|UBS AG|11,128,043|RMB common share|11,128,043|
|National Social Security Fund-106 portfolio|9,905,436|RMB common share|9,905,436|
|NCI—Bonus—Individual Bonus -018L-FH002 Shen|9,204,408|RMB common share|9,204,408|
|MORGAN STANLEY & CO. INTERNATIONAL PLC.|7,678,455|RMB common share|7,678,455|
|China Construction Bank－Fullogoal Tianbo InnovationTheme Stock Securities Investment Fund|7,000,000|||
|||RMB common share|7,000,000|
||Among the top ten shareholders, the Company knew there has no|||
||associated relationship between Wuxi Industry Development Croup|||
|Note of related relationship among the above shareholders|Co., Ltd., the first largest shareholder of the Company, and other|||
|and concerted actors|shareholders; and they do not belong to the consistent actionist|||
||regulated by the Management Measure of Information Disclosure 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. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√ Applicable□ Not applicable
1. Monetary Fund: decreasing RMB 795,584,000 in period-end over that of year beginning with33.71% down, mainly due to the growth in the purchase of financial product at period-end;
2. Account receivable: increasing RMB 438,971,000 in period-end over that of year beginning with36.40% up, mainly due to the sales comparative growth on moving base;
3. Advance payment: increasing RMB 39,391,300 in period-end over that of year beginning with39% up, mainly because the growth in the sales and the advance payment for materials increased correspondingly in the Period; 4. Dividends receivable: increasing RMB 128,309,800 in period-end over that of year beginning, mainly because the receivable of RBCD dividends at period-end;
5. Other current assets: increasing RMB 1,049,251,100 in period-end over that of year beginning with57.88% up, mainly due to the growth in purchase of financial product in the Period;
6. Project under construction: increasing RMB 149,197,500 in period-end over that of year beginning with31.25% up, mainly due to the growth in the investment of important project of industrial park in the Period; 7. Other non-current assets: increasing RMB 110,660,300 in period-end over that of year beginning with31.40% up, mainly due to the growth in account paid in advance for engineering and equipment;
8. Payable taxes: increasing RMB 30,895,600 in period-end over that of year beginning with44.07% up, mainly due to the growth in enterprise income tax payable and other tax at period-end;
9. Other current liabilities: increasing RMB 11,175,900 in period-end over that of year beginning with104.39% up, mainly due to the growth in all kinds of expense payable;
10. Deferred income tax liabilities: increasing RMB 17,848,400 in period-end over that of year beginning with74.94% up, mainly due to the growth of fair value of the financial assets at period-end;
11. Other comprehensive income: increasing RMB 101,298,400 in period-end over that of year beginning with83.31% up, mainly due to the growth of fair value of financial assets available for sale at period-end;
12. Net cash flow from operation activities: increasing RMB 69,719,500 in period-end over the same period of last year with50.28% up, mainly because sales return increased over the same period of last year;
13. Net cash flow from investment activities: decreasing RMB 715,440,700 in period-end over the same period of last year, mainly due to the growth in purchase of financial product in the Period;
14. Net cash flow from financing activities: decreasing RMB 120,655,900 in period-end over the same period of last year, mainly because loans of the bank are return in the period.
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable□ Not applicable
Explanation on the projects with fund-raised investment:
Plans to adjusted the WAPS research development and industrial, diesel common rail system components capacity enhancement project and construction of industrial park, and changed the Auto power battery materials and power battery research and development project as to supplement working capital permanently.
Up to the disclosure date, the adjustment on part of the fund-raise projects and capacity enhancement as well as the change of part of the fund-raise projects have been deliberated and approved by the 21st meeting of 7th sesion of the Board dated 21 April 2015, and the proposal shall to be deliberated for approved by sharehodler general meeting.
||||
|-|-|-|
||Date for|Information index for temporary|
|Overview|||
||disclosure|report disclosure|
|Being approved by the ―reply on approving non-public issuance of WeifuHigh-technology Group Co., Ltd.‖ (ZJXK(2012)No.109) issued by CSRC, theCompany non-public offering 112,858,000 shares with issue price of 25.395 pershare. The above mentioned shares are listed on Shenzhen Stock Exchange on 29February 2012. The total raised capital proceeds amounting to RMB2,866,028,900, and after deduction of issuance expense, the net raise proceeds wasRMB 2,850,124,300.|||
|||‖Report of Privately Placement|
|||and Summary of Listed|
||2012-02-28|Company Statement‖ (No.:|
|||2012-12) public on Juchao|
|||Website (www.cninfo.com.cn)|
|Specific Report of Deposit and Application of Fund Raised for year of 2012||public on Juchao Website|
||2013-03-28||
|||(www.cninfo.com.cn)|
|Specific Report of Deposit and Application of Fund Raised for year of 2013||public on Juchao Website|
||2014-04-15||
|||(www.cninfo.com.cn)|
|Specific Report of Deposit and Application of Fund Raised for year of 2014||public on Juchao Website|
||2015-04-23||
|||(www.cninfo.com.cn)|
|Notice of Adjusted Part of the Fund-raise Projects and Capacity and Part of theFund-raise projects changed|||
|||(No.: 2015-010) public on|
||2015-04-23|Juchao Website|
|||(www.cninfo.com.cn)|

III. Commitments from the Company or shareholder with over5% share held in reporting period or continues to reporting period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
|Item of Commitments|Promisee|Content of commitments|Date|Term|Implementation|
|Share Merger Reform||||||
|Commitments made in||||||
|acquisition report or||||||
|equity change report||||||
|Commitments in||||||
|assets reorganization||||||
|||The privately offering of the Company totally||||
||||||Completed. The 36|
||Wuxi Industry|issue 112,858,000 A-shares to substantial||||
||||||months restricted|
|Commitments in|Development|shareholder Wuxi Industry Group and foreign||||
|initial public offering|Group Co., Ltd|strategy investor ROBERT BOSCH GMBH. The|||period has expired, and|
||||||applying for released;|
|or refinancing|and ROBERT|above said shares are listed for trading in||||
||||||date for listing on: 5|
||BOSCH GMBH|Shenzhen Stock Exchange since 29 February||||
||||||March 2015|
|||2012 with 36-month restriction||||
|Other commitments to||||||

|||
|-|-|
|minority shareholders||
|of the Company||
|Perform the||
|commitment promptly|Yes|
|or not||

IV. Forecast of operation performance from Jan.– June of 2015
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
V. Securities Investment
√ Applicable□ Not applicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||Amount||||||||
||||||Proportio|||||||
|||||of||Amount||||||
||||||n of||Proportio|||||
||||Initial|stock-hol||of||Book|Gains and|||
||||||stock-hol||n of|||||
|||Short|investme|ding at||stock-hol||value at|loss in|||
|Variety of|Code of|form of|nt|the|ding at|ding at|stock-hol|the end of|the|Accounti|Source of|
|securities|securities||||the||ding at|||ng subject|stock|
|||securities|cost(RM|beginning||the end of||the period|reporting|||
||||B)|of the|beginning|the period|the end of|(RMB)|(RMB)|||
||||||of the||the period|||||
|||||period||(Share)||||||
||||||period|||||||
|||||(Share)||||||||
|||||||||||Financial||
||||199,208,0|23,680,00||23,680,00||314,707,2||assets|Subscriptio|
|Stock|600841|SDEC|||2.73%||2.73%|||||
||||00.00|0||0||00.00||available|n|
|||||||||||for sales||
|||||||||||Financial||
|||Miracle|69,331,50|||||197,643,6|52,937,10|assets|Subscriptio|
|Stock|002009|||9,300,000|2.90%|6,820,000|2.12%|||||
|||Logistics|0.00|||||00.00|7.80|available|n|
|||||||||||for sales||
|Other investment in securities||||||||||||
||||0.00|0|--||--|||--|--|
|held at period-end||||||||||||
||||268,539,5|32,980,00||30,500,00||512,350,8|52,937,10|||
|Total|||||--||--|||--|--|
||||00.00|0||0||00.00|7.80|||
|Disclosure date of securities|||2012-03-24|||||||||
|investment approval of Board|||2013-06-04|||||||||
|of Director||||||||||||
|Disclosure date of securities||||||||||||
|investment approval of Board||||||||||||
|report(if applicable)||||||||||||

VI. Explanation on equity of other listed company held
□ Applicable√ Not applicable
No equity of other listed company held in Period-end.
VII. Derivative investment
□ Applicable√ Not applicable
No derivative investment in the Period.
VIII. Registration form for receiving research, communication and interview in the report period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||Type of|||
|Date|Place|Method||Investor|Contents discussed and materials supplied|
||||investors|||
||||||The Company answered the questions of 249|
|From January to 31|The Board|Written inquiries|Individual|Individual|for investors online through the investor|
|March 2015|||||relations interactive|
||||||platform(http://irm.p5w.net/dqhd/sichuan/)|
|From January to 31||Telephone|||Basic condition of the Company and the|
||The Board||Individual|Individual||
|March 2015||communication|||market (more than 100)|

Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Weifu High-Technology Group Co., Ltd
2015-03-31
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|1,564,443,236.54|2,360,027,208.92|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair value and with variation|||
|reckoned into current gains/losses|||
|Derivative financial assets|||
||806,294,667.85|993,552,743.48|
|Notes receivable|||
||1,645,076,224.33|1,206,105,236.56|
|Accounts receivable|||
|Accounts paid in advance|140,405,667.63|101,014,401.60|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance receivable|||
|Interest receivable|4,127,396.55|4,016,280.99|
|Dividend receivable|128,809,751.00|500,000.00|
|Other receivables|11,609,949.92|12,119,685.70|
|Purchase restituted finance asset|||
|Inventories|1,096,682,348.78|1,111,669,480.16|
|Divided into assets held for sale|||
|Non-current asset due within one year|||
|Other current assets|2,862,135,051.81|1,812,883,996.48|
|Total current assets|8,259,584,294.41|7,601,889,033.89|
|Non-current assets:|||
|Loans and payments on behalf|||

||||
|-|-|-|
|Finance asset available for sales|865,222,600.00|844,536,400.00|
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|3,162,525,351.39|3,314,987,967.02|
|Investment property|21,122,462.66|21,418,942.40|
|Fixed assets|1,331,774,732.76|1,349,745,789.17|
|Construction in progress|626,613,606.07|477,416,068.77|
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|360,179,182.46|363,863,195.29|
|Expense on Research and Development|||
|Goodwill|1,784,086.79|1,784,086.79|
|Long-term expenses to be apportioned|11,959,492.48|12,202,828.33|
|Deferred income tax asset|147,170,239.96|148,359,493.95|
|Other non-current asset|463,045,662.74|352,385,362.29|
|Total non-current asset|6,991,397,417.31|6,886,700,134.01|
|Total assets|15,250,981,711.72|14,488,589,167.90|
|Current liabilities:|||
|Short-term loans|295,000,000.00|415,000,000.00|
|Loan from central bank|||
|Absorbing deposit and interbank deposit|||
|Capital borrowed|||
|Financial liability measured by fair value and with variation|||
|reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes payable|398,263,381.82|488,556,684.85|
|Accounts payable|1,864,141,577.12|1,453,938,798.61|
|Accounts received in advance|33,015,251.49|43,783,927.30|
|Selling financial asset of repurchase|||
|Commission charge and commission payable|||
|Wage payable|211,627,597.17|261,647,666.99|
|Taxes payable|100,999,617.09|70,103,988.54|

||||
|-|-|-|
|Interest payable|1,192,077.78|749,561.12|
|Dividend payable|||
|Other accounts payable|69,435,567.96|62,266,107.58|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1 year|||
|Other current liabilities|21,882,164.98|10,706,310.23|
|Total current liabilities|2,995,557,235.41|2,806,753,045.22|
|Non-current liabilities:|||
|Long-term loans|60,000,000.00|60,000,000.00|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|18,852,727.00|18,852,727.00|
|Long-term wages payable|69,000,000.00|69,000,000.00|
|Special accounts payable|18,265,082.11|18,265,082.11|
|Projected liabilities|||
|Deferred income|228,272,442.45|228,792,442.75|
|Deferred income tax liabilities|41,663,843.15|23,815,411.40|
|Other non-current liabilities|||
|Total non-current liabilities|436,054,094.71|418,725,663.26|
|Total liabilities|3,431,611,330.12|3,225,478,708.48|
|Owner’s equity:|||
|Share capital|1,020,200,992.00|1,020,200,992.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|3,635,684,413.04|3,635,684,413.04|
|Less: Inventory shares|||
|Other comprehensive income|222,896,775.00|121,598,365.00|
|Reasonable reserve|1,340,517.95|867,353.00|

||||
|-|-|-|
|Surplus public reserve|510,100,496.00|510,100,496.00|
|Provision of general risk|||
|Retained profit|6,004,952,119.92|5,570,583,069.92|
|Total owner’s equity attributable to parent company|11,395,175,313.91|10,859,034,688.96|
|Minority interests|424,195,067.69|404,075,770.46|
|Total owner’s equity|11,819,370,381.60|11,263,110,459.42|
|Total liabilities and owner’s equity|15,250,981,711.72|14,488,589,167.90|

 Legal Representative: Chen Xuejun Person in charge of accounting works: Ou Jianbin Person in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
||855,895,587.14|1,263,715,541.56|
|Monetary funds|||
|Financial liability measured by fair value and with variation|||
|reckoned into current gains/losses|||
|Derivative financial assets|||
||181,894,994.94|225,640,382.60|
|Notes receivable|||
|Accounts receivable|631,069,323.21|565,769,317.89|
|Account paid in advance|68,807,043.35|51,338,729.85|
|Interest receivable|33,287.67|33,287.67|
|Dividends receivable|128,809,751.00|500,000.00|
|Other receivables|6,297,965.86|5,071,840.68|
|Inventories|203,764,656.46|188,287,955.01|
|Divided into assets held for sale|||
|Non-current assets maturing within one year|||
|Other current assets|2,967,359,986.90|1,917,505,847.55|
|Total current assets|5,043,932,596.53|4,217,862,902.81|
|Non-current assets:|||
|Available-for-sale financial assets|779,282,600.00|758,596,400.00|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|4,158,993,582.00|4,308,319,159.56|

||||
|-|-|-|
|Investment property|||
|Fixed assets|533,037,919.75|543,076,778.80|
|Construction in progress|486,204,449.09|361,110,943.40|
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|203,196,769.02|205,291,338.85|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|80,392,952.87|81,490,070.42|
|Other non-current assets|400,087,627.68|307,820,607.89|
|Total non-current assets|6,641,195,900.41|6,565,705,298.92|
|Total assets|11,685,128,496.94|10,783,568,201.73|
|Current liabilities:|||
|Short-term borrowings|160,000,000.00|260,000,000.00|
|Financial liability measured by fair value and with variation|||
|reckoned into current gains/losses|||
|Derivative financial liability|||
|Notes payable|164,050,000.00|178,800,000.00|
|Accounts payable|587,443,976.25|486,151,165.89|
|Accounts received in advance|1,331,778.57|1,754,804.23|
|Wage payable|102,836,559.95|139,244,128.74|
|Taxes payable|45,464,109.36|29,078,723.63|
|Interest payable|131,500.00|131,500.00|
|Dividend payable|||
|Other accounts payable|675,290,329.91|160,538,572.20|
|Divided into liability held for sale|||
|Non-current liabilities due within 1 year|||
|Other current liabilities|||
|Total current liabilities|1,736,548,254.04|1,255,698,894.69|
|Non-current liabilities:|||
|Long-term loans|||

||||
|-|-|-|
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|69,000,000.00|69,000,000.00|
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|210,389,955.02|210,389,955.02|
|Deferred income tax liabilities|39,334,725.00|21,458,535.00|
|Other non-current liabilities|||
|Total non-current liabilities|318,724,680.02|300,848,490.02|
|Total liabilities|2,055,272,934.06|1,556,547,384.71|
|Owners’ equity:|||
|Share capita|1,020,200,992.00|1,020,200,992.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|3,666,689,037.39|3,666,689,037.39|
|Less: Inventory shares|||
|Other comprehensive income|222,896,775.00|121,598,365.00|
|Reasonable reserve|||
|Surplus reserve|510,100,496.00|510,100,496.00|
|Retained profit|4,209,968,262.49|3,908,431,926.63|
|Total owner’s equity|9,629,855,562.88|9,227,020,817.02|
|Total liabilities and owner’s equity|11,685,128,496.94|10,783,568,201.73|

 3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|1,782,232,936.10|1,683,594,542.57|
|Including: Operating income|1,782,232,936.10|1,683,594,542.57|
|Interest income|||
|Insurance gained|||
|Commission charge and commission income|||

||||
|-|-|-|
|II. Total operating cost|1,594,439,479.81|1,491,542,332.33|
|Including: Operating cost|1,398,503,056.75|1,268,902,399.56|
|Interest expense|||
|Commission charge and commission expense|||
|Cash surrender value|||
|Net amount of expense of compensation|||
|Net amount of withdrawal of insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Operating tax and extras|8,372,176.77|11,550,822.68|
|Sales expenses|40,270,235.07|54,405,371.09|
|Administration expenses|143,020,801.13|170,308,830.62|
|Financial expenses|4,682,584.75|-10,321,824.79|
|Losses of devaluation of asset|-409,374.66|-3,303,266.83|
|Add: Changing income of fair value(Loss is listed with ―-‖)|||
|Investment income (Loss is listed with ―-‖)|321,657,642.05|276,368,704.68|
|Including: Investment income on affiliated company and joint|||
||245,856,767.36|272,480,732.04|
|venture|||
|Exchange income (Loss is listed with ―-‖)|||
|III. Operating profit (Loss is listed with ―-‖)|509,451,098.34|468,420,914.92|
|Add: Non-operating income|1,322,998.18|1,944,072.88|
|Including: Disposal gains of non-current asset|353,144.72|167,332.74|
|Less: Non-operating expense|24,686,741.44|2,163,476.86|
|Including: Disposal loss of non-current asset|612,226.62|81,365.11|
|IV. Total Profit (Loss is listed with ―-‖)|486,087,355.08|468,201,510.94|
|Less: Income tax expense|40,136,502.79|25,430,683.49|
|V. Net profit (Net loss is listed with ―-‖)|445,950,852.29|442,770,827.45|
|Net profit attributable to owner’s of parent company|434,369,050.00|428,270,821.48|
|Minority shareholders’ gains and losses|11,581,802.29|14,500,005.97|
|VI. Net after-tax of other comprehensive income|101,298,410.00|-23,202,960.00|
|Net after-tax of other comprehensive income attributable to|||
||101,298,410.00|-23,202,960.00|
|owners of parent company|||
|(I) Other comprehensive income items which will not be|||
|reclassified subsequently to profit of loss|||
|1. Changes as a result of re-measurement of net|||

||||
|-|-|-|
|defined benefit plan liability or asset|||
|2. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will not be|||
|reclassified subsequently to profit and loss|||
|(II) Other comprehensive income items which will be|||
||101,298,410.00|-23,202,960.00|
|reclassified subsequently to profit or loss|||
|1. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will be|||
|reclassified subsequently to profit or loss|||
|2. Gains or losses arising from changes in fair value of|||
||101,298,410.00|-23,202,960.00|
|available-for-sale financial assets|||
|3. Gains or losses arising from reclassification of|||
|held-to-maturity investment as available-for-sale financial assets|||
|4. The effect hedging portion of gains or losses arising|||
|from cash flow hedging instruments|||
|5. Translation differences arising on translation of|||
|foreign currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive income attributable to|||
|minority shareholders|||
|VII. Total comprehensive income|547,249,262.29|419,567,867.45|
|Total comprehensive income attributable to owners of parent|||
||535,667,460.00|405,067,861.48|
|Company|||
|Total comprehensive income attributable to minority|||
||11,581,802.29|14,500,005.97|
|shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.43|0.42|
|(ii) Diluted earnings per share|0.43|0.42|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party
Legal Representative: Chen Xuejun Person in charge of accounting works: Ou Jianbin Person in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|455,668,776.35|675,711,019.98|

||||
|-|-|-|
|Less: Operating cost|348,947,949.43|546,962,794.09|
|Operating tax and extras|3,902.08|3,549,069.78|
|Sales expenses|19,118,337.65|36,289,027.93|
|Administration expenses|47,588,440.38|81,880,571.35|
|Financial expenses|4,827,808.31|-12,454,490.05|
|Losses of devaluation of asset||-3,400,000.00|
|Add: Changing income of fair value(Loss is listed with ―-‖)|||
|Investment income (Loss is listed with ―-‖)|304,125,920.13|262,810,689.78|
|Including: Investment income on affiliated company and|||
||228,325,045.44|259,395,560.45|
|joint venture|||
|II. Operating profit (Loss is listed with ―-‖)|339,308,258.63|285,694,736.66|
|Add: Non-operating income|182,725.97|1,655,773.66|
|Including: Disposal gains of non-current asset|176,775.49|109,613.52|
|Less: Non-operating expense|23,744,282.73|765,888.26|
|Including: Disposal loss of non-current asset|537,411.76|77,177.24|
|III. Total Profit (Loss is listed with ―-‖)|315,746,701.87|286,584,622.06|
|Less: Income tax expense|14,210,366.01|-1,233,035.31|
|IV. Net profit (Net loss is listed with ―-‖)|301,536,335.86|287,817,657.37|
|V. Net after-tax of other comprehensive income|101,298,410.00|-23,202,960.00|
|(I) Other comprehensive income items which will not be|||
|reclassified subsequently to profit of loss|||
|1. Changes as a result of re-measurement of net|||
|defined benefit plan liability or asset|||
|2. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will not be|||
|reclassified subsequently to profit and loss|||
|(II) Other comprehensive income items which will be|||
||101,298,410.00|-23,202,960.00|
|reclassified subsequently to profit or loss|||
|1. Share of the other comprehensive income of the|||
|investee accounted for using equity method which will be|||
|reclassified subsequently to profit or loss|||
|2. Gains or losses arising from changes in fair value of|||
||101,298,410.00|-23,202,960.00|
|available-for-sale financial assets|||
|3. Gains or losses arising from reclassification of|||
|held-to-maturity investment as available-for-sale financial assets|||
|4. The effect hedging portion of gains or losses arising|||
|from cash flow hedging instruments|||

||||
|-|-|-|
|5. Translation differences arising on translation of|||
|foreign currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|402,834,745.86|264,614,697.37|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.30|0.28|
|(ii) Diluted earnings per share|0.30|0.28|

 5. Consolidated Cash Flow Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating activities:|||
|Cash received from selling commodities and providing labor|||
||1,793,896,648.34|1,435,402,209.66|
|services|||
|Net increase of customer deposit and interbank deposit|||
|Net increase of loan from central bank|||
|Net increase of capital borrowed from other financial|||
|institution|||
|Cash received from original insurance contract fee|||
|Net cash received from reinsurance business|||
|Net increase of insured savings and investment|||
|Net increase of amount from disposal financial assets that|||
|measured by fair value and with variation reckoned into current|||
|gains/losses|||
|Cash received from interest, commission charge and|||
|commission|||
|Net increase of capital borrowed|||
|Net increase of returned business capital|||
|Write-back of tax received|5,861,072.63|10,929,709.79|
|Other cash received concerning operating activities|10,469,465.61|71,499,997.49|
|Subtotal of cash inflow arising from operating activities|1,810,227,186.58|1,517,831,916.94|
|Cash paid for purchasing commodities and receiving labor|||
||1,221,838,662.89|996,657,866.05|
|service|||
|Net increase of customer loans and advances|||
|Net increase of deposits in central bank and interbank|||
|Cash paid for original insurance contract compensation|||

||||
|-|-|-|
|Cash paid for interest, commission charge and commission|||
|Cash paid for bonus of guarantee slip|||
|Cash paid to/for staff and workers|235,788,099.90|197,225,620.41|
|Taxes paid|88,860,754.96|113,216,521.97|
|Other cash paid concerning operating activities|55,352,567.09|72,064,320.35|
|Subtotal of cash outflow arising from operating activities|1,601,840,084.84|1,379,164,328.78|
|Net cash flows arising from operating activities|208,387,101.74|138,667,588.16|
|II. Cash flows arising from investing activities:|||
|Cash received from recovering investment|738,488,400.00|381,000,000.00|
|Cash received from investment income|359,700,782.75|21,471,878.12|
|Net cash received from disposal of fixed, intangible and other|||
||2,886,954.14|349,973.49|
|long-term assets|||
|Net cash received from disposal of subsidiaries and other units|||
|Other cash received concerning investing activities||6,000,000.00|
|Subtotal of cash inflow from investing activities|1,101,076,136.89|408,821,851.61|
|Cash paid for purchasing fixed, intangible and other long-term|||
||259,971,934.91|194,419,166.40|
|assets|||
|Cash paid for investment|1,694,670,000.00|370,000,000.00|
|Net increase of mortgaged loans|||
|Net cash received from subsidiaries and other units obtained|||
|Other cash paid concerning investing activities|22,979,036.58|5,506,789.16|
|Subtotal of cash outflow from investing activities|1,977,620,971.49|569,925,955.56|
|Net cash flows arising from investing activities|-876,544,834.60|-161,104,103.95|
|III. Cash flows arising from financing activities|||
|Cash received from absorbing investment|8,419,964.00|3,047,322.07|
|Including: Cash received from absorbing minority|||
||8,419,964.00|3,047,322.07|
|shareholders’ investment by subsidiaries|||
|Cash received from loans|140,000,000.00|288,500,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning financing activities|||
|Subtotal of cash inflow from financing activities|148,419,964.00|291,547,322.07|
|Cash paid for settling debts|260,000,000.00|279,000,000.00|
|Cash paid for dividend and profit distributing or interest|||
||2,754,980.79|6,226,473.07|
|paying|||
|Including: Dividend and profit of minority shareholder paid by|||

||||
|-|-|-|
|subsidiaries|||
|Other cash paid concerning financing activities|||
|Subtotal of cash outflow from financing activities|262,754,980.79|285,226,473.07|
|Net cash flows arising from financing activities|-114,335,016.79|6,320,849.00|
|IV. Influence on cash and cash equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash equivalents|-782,492,749.65|-16,115,666.79|
|Add: Balance of cash and cash equivalents at the period -begin|2,028,227,816.93|2,288,739,620.44|
|VI. Balance of cash and cash equivalents at the period -end|1,245,735,067.28|2,272,623,953.65|

 6. Cash Flow Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating activities:|||
|Cash received from selling commodities and providing labor|||
||511,334,943.56|668,905,632.47|
|services|||
|Write-back of tax received|||
|Other cash received concerning operating activities|511,542,086.53|63,544,636.75|
|Subtotal of cash inflow arising from operating activities|1,022,877,030.09|732,450,269.22|
|Cash paid for purchasing commodities and receiving labor|||
||374,944,772.61|368,063,985.93|
|service|||
|Cash paid to/for staff and workers|101,275,934.85|85,822,676.07|
|Taxes paid|1,324,016.22|44,468,896.17|
|Other cash paid concerning operating activities|24,263,876.80|24,782,398.00|
|Subtotal of cash outflow arising from operating activities|501,808,600.48|523,137,956.17|
|Net cash flows arising from operating activities|521,068,429.61|209,312,313.05|
|II. Cash flows arising from investing activities:|||
|Cash received from recovering investment|742,488,400.00|403,027,156.69|
|Cash received from investment income|347,810,652.75|21,471,878.12|
|Net cash received from disposal of fixed, intangible and other|||
||2,531,242.23|231,644.26|
|long-term assets|||
|Net cash received from disposal of subsidiaries and other units|||
|Other cash received concerning investing activities|||
|Subtotal of cash inflow from investing activities|1,092,830,294.98|424,730,679.07|
|Cash paid for purchasing fixed, intangible and other long-term|199,306,912.90|144,862,856.53|

||||
|-|-|-|
|assets|||
|Cash paid for investment|1,678,778,630.00|373,169,578.60|
|Net cash received from subsidiaries and other units|||
|Other cash paid concerning investing activities|22,979,036.58||
|Subtotal of cash outflow from investing activities|1,901,064,579.48|518,032,435.13|
|Net cash flows arising from investing activities|-808,234,284.50|-93,301,756.06|
|III. Cash flows arising from financing activities|||
|Cash received from absorbing investment|||
|Cash received from loans|110,000,000.00|200,000,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning financing activities|||
|Subtotal of cash inflow from financing activities|110,000,000.00|200,000,000.00|
|Cash paid for settling debts|210,000,000.00|200,000,000.00|
|Cash paid for dividend and profit distributing or interest|||
||1,031,111.12|2,758,000.00|
|paying|||
|Other cash paid concerning financing activities|||
|Subtotal of cash outflow from financing activities|211,031,111.12|202,758,000.00|
|Net cash flows arising from financing activities|-101,031,111.12|-2,758,000.00|
|IV. Influence on cash and cash equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash equivalents|-388,196,966.01|113,252,556.99|
|Add: Balance of cash and cash equivalents at the period -begin|1,159,462,935.71|1,422,429,501.73|
|VI. Balance of cash and cash equivalents at the period -end|771,265,969.70|1,535,682,058.72|

 II. Audit report
Whether the 1st quarterly report has been audited or not
□Yes√ No
The 1st quarterly report of the Company was unaudited
Board of Director of
Weifu High-Technology Group Co., Ltd
Chairman:
Chen Xuejun
30 April 2015