Stock Code: 000581, 200581 Notice No.: 2018-013 Short Form of the Stock: Weifu High-Tech, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Text of First Quarterly Report 2018
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. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes√ No
|||||
|-|-|-|-|
|||Same period of last|Changes of this period over same|
||Current Period|||
|||year|period of last year|
|Operating income (RMB)|2,391,982,640.39|2,457,239,285.84|-2.66%|
|Net profit attributable to shareholders of the|784,228,178.43|645,645,422.01||
||||21.46%|
|listed company(RMB)||||
|Net profit attributable to shareholders of the||||
|listed company after deducting non-recurring|691,598,799.43|574,207,149.77|20.44%|
|gains and losses(RMB)||||
|Net cash flow arising from operating|86,416,705.11|92,118,223.65||
||||-6.19%|
|activities(RMB)||||
|Basic earnings per share (RMB/Share)|0.78|0.64|21.88%|
|Diluted earnings per share (RMB/Share)|0.78|0.64|21.88%|
|Weighted average ROE|5.15%|4.88%|0.27%|
||||Changes of this period-end over|
||End of this period|End of last period||
||||same period-end of last year|
|Total assets (RMB)|21,228,886,756.91|20,231,006,224.36|4.93%|
|Net assets attributable to shareholder of listed|15,617,571,957.35|14,835,673,669.75||
||||5.27%|
|company (RMB)||||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from||
|Item||Note|
||year-begin to period-end||
|Gains/losses from the disposal of non-current asset (including the write-off that accrued for|||
||15,119.12||
|impairment of assets)|||
|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|6,155,578.08||
|enterprise’s business)|||
|Gain or loss on the investment or management of assets|103,007,978.73||
|Other non-operating income and expenditure except for the aforementioned items|-164,974.41||
|Less : impact on income tax|16,353,419.75||

||||
|-|-|-|
|Impact on minority shareholders’ equity (post-tax)|30,902.77||
|Total|92,629,379.00|--|

 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. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total common shareholders at the end of|||Total preferred stockholders with voting rights||||||
||63,190||||||0||
|report period|||recover at the end of report period (if applicable)||||||
|Top ten shareholders|||||||||
||||||||Number of share||
|||||||Amount of|||
|||||Proportion|Amount of||pledged/frozen||
|Shareholder’s name||Nature of shareholder||of shares||restricted|||
||||||shares held||State of|Amo|
|||||held||shares held|||
||||||||share|unt|
|WUXI INDUSTRY DEVELOPMENT CROUPCO., LTD.||State-owned legalperson||20.22%|204,059,398||||
|ROBERT BOSCH GMBH||Foreign legal person||14.16%|142,841,400||||
|BBH BOS S/A FIDELITY FD - CHINAFOCUS FD||Foreign legal person||1.56%|15,722,854||||
|Central Huijin Assets Management Co., Ltd.||State-owned legalperson||1.27%|12,811,200||||
|Ping An Property & Casualty InsuranceCompany of China, Ltd. – traditional- commoninsurance products||Other||1.09%|11,035,256||||
|HKSCC Nominees Limited||Foreign legal person||0.88%|8,906,444||||
|RBC EMERGING MARKETS EQUITYFUND||Foreign legal person||0.80%|8,038,335||||
|Huatai Securities Co., Ltd.||Domestic non statelegal person||0.55%|5,499,906||||
|FIDELITY INVMT TRT FIDELITY INTL||Foreign legal person||0.53%|5,354,604||||

|||||||
|-|-|-|-|-|-|
|SMALL CAP FUND||||||
|FIDELITY FUNDS － ASIA FOCUS FUND|Foreign legal person||0.42%|4,263,134||
|Top ten shareholders with unrestricted shares held||||||
|||Amount of unrestricted||Type of shares||
|Shareholder’s name||||||
|||shares held||Type|Amount|
|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|
|BBH BOS S/A FIDELITY FD - CHINA FOCUS FD||15,722,854||Domestically listed foreign share|15,722,854|
|Central Huijin Assets Management Co., Ltd.||12,811,200||RMB common share|12,811,200|
|Ping An Property & Casualty Insurance Company ofChina, Ltd. – traditional- common insurance products||11,035,256||||
|||||RMB common share|11,035,256|
|HKSCC Nominees Limited||8,906,444||RMB common share|8,906,444|
|RBC EMERGING MARKETS EQUITY FUND||8,038,335||Domestically listed foreign share|8,038,335|
|Huatai Securities Co., Ltd.||5,499,906||RMB common share|5,499,906|
|FIDELITY INVMT TRT FIDELITY INTL SMALL CAPFUND||5,354,604||||
|||||Domestically listed foreign share|5,354,604|
|FIDELITY FUNDS － ASIA FOCUS FUND||4,263,134||Domestically listed foreign share|4,263,134|
|||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.||||
|Explanation on top ten common stock shareholders||||||
|||Not applicable||||
|involving securities margin trading (if applicable)||||||

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
无锡威孚高科技集团股份有限公司2018年第一季度报告正文 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: decreased 1,507,565,900 Yuan over that of beginning of the year with48.34% down, mainly due to more financial products are purchased in the period;
2. Other receivable: increased 8,492,800 Yuan over that of beginning of the year with162.86% growth, mainly because pretty cash for business travel at period-end increased;
3. Other current assets: increased 1,500,232,500 Yuan over that of beginning of the year with38.59% growth, mainly due to more financial products are purchased in the period;
4. Short-term loans: increased 79 million Yuan over that of beginning of the year with32.51% growth, mainly because bank loans increased in the Period;
5. Investment income: increased 133,749,700 Yuan from a year earlier with28.27% growth, mainly because profit from joint venture and affiliate enterprise increased in the period;
6. Net cash flow from investment activity: decreased 1,004,956,700 Yuan from a year earlier, mainly because entrust financial products are expired in the period and net cash out-flow from purchasing are declined on a y-o-y basis in the period;
7. Net cash flow from financing activity: increased 49,552,600 Yuan from a year earlier, mainly due to the increase of cash in-flow from bank loans in the period
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable□ Not applicable
(i) Proposed application for listing in the national middle and small enterprises stock transfer system by the controlling subsidiary Weifu Tianli
On 25 October 2016, the
8th
board of directors of the Company held the
9th
meeting to consider and approve the proposal relating to proposed application for listing in the national middle and small enterprises stock transfer system by the controlling subsidiary Weifu Tianli Pressure Technology Co., Ltd. on 30 December 2016, Weifu Tianli was served with the notice of acceptance from the National Middle and Small Enterprise Stock Transfer System Company Limited (GP2016120120). The relevant announcements (No.: 2016-020, 2016-023 and 2017-001) were published on China Securities, Securities Times, Hong Kong Commercial Daily and Juchao Information Website (http://www.cninfo.com.cn). At the current stage, this matter is in the progress of consideration and approval.
(ii) Parts of the joint-stockenterprise’s equity held by the Company freeze
1. On 6 March 2017, the Company received a legal documents mail from Shenzhen Intermediatepeople’s Court in Guangdong Province (hereinafter referred to as Shenzhen Intermediate Court). Pursuit to the legal documents,
无锡威孚高科技集团股份有限公司2018年第一季度报告正文 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. for damaged the interests of corporate creditors, 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 compulsory liquidation on Hejun Company. The Company will fully engage with the Court for relevant liquidation works completed, guarantee legitimate interest of the Company.
(III) According to the resolution passed at the
15th
meeting of the
8th
session of the board of directors of the Company held on 26 March 2018, the Company proposes to invest the preference shares of batch E issued by Protean Holdings Corp. And the two parties will cooperate to establish a Sino-foreign joint venture.
(IV) On 13 April 2018, the
8th
session of board of directors of the Company has deliberated and adopted the Proposal to Terminate Prospective Investment and Set Industry Merger Funds on the
16th
session of meeting.
||||
|-|-|-|
|Overview|Disclosure date|Query index for interim notice|
|Proposed application for listing inthe national middle and smallenterprises stock transfer system bythe controlling subsidiary WeifuTianli|||
||2016-10-27|(Notice No. 2016-023) Published on Juchao Website (www.cninfo.com.cn)|
||2017-01-07|(Notice No. 2017-001) Published on Juchao Website (www.cninfo.com.cn)|
|Parts of the joint-stock enterprise’sequity held by the Company freeze|2017-03-08|(Notice No. 2017-002) Published on Juchao Website (www.cninfo.com.cn)|
||2017-12-06|(Notice No. 2017-023) Published on Juchao Website (www.cninfo.com.cn)|
|Notice of Investment Outside|2018-03-28|(Notice No. 2018-003) Published on Juchao Website (www.cninfo.com.cn)|
|Terminate Prospective Investmentand Set Industry Merger Funds|||
||2018-04-17|(Notice No. 2018-011) Published on Juchao Website (www.cninfo.com.cn)|

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. Predict of the business performance from January to June 2018
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
无锡威孚高科技集团股份有限公司2018年第一季度报告正文 V. Securities Investment
√ Applicable□ Not applicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Proportio|Amount||||||
|||||Amount||||||||
||||||n of|of||||||
|||||of||||||||
||||||||Proportio|||||
||||Initial|stock-hol||||Book||||
||||||stock-hol|stock-hol|n of||Gains and|||
|||Short|investmen|ding at||||value at||||
|Variety of|Code of||||||stock-hol||loss in the|Accounti|Source of|
|||form of|t|the|ding at the|ding at||the end of||||
|securities|securities||||||ding at||reporting|ng subject|stock|
|||securities|cost(RM|beginning||||the period||||
||||||beginning|the end of|the end of||(RMB)|||
||||B)|of the||||(RMB)||||
||||||of the|the period|the period|||||
|||||period||||||||
|||||(Share)||||||||
||||||period|(Share)||||||
|||||||||||Financial||
||||199,208,0|15,300,00||15,300,00||189,720,0|2,754,000|assets||
|Stock|600841|SDEC|||1.77%||1.77%||||Purchase|
||||00.00|0||0||00.00|.00|available||
|||||||||||for sales||
|||||||||||Financial||
|||Miracle|69,331,50|||||73,334,70|-6,075,90|assets||
|Stock|002009|||4,710,000|1.27%|4,710,000|1.27%||||Purchase|
|||Logistics|0.00|||||0.00|0.00|available||
|||||||||||for sales||
||||268,539,5|20,010,00||20,010,00||263,054,7|-3,321,90|||
|Total|||||--||--|||--|--|
||||00.00|0||0||00.00|0.00|||
|Disclosure date of securities|||2012-03-24|||||||||
|investment approval by the||||||||||||
||||2013-06-04|||||||||
|Board||||||||||||

VI. Derivative investment
□ Applicable√ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Date|Method|Type of investors|Index for the interview and research|
|1 Jan. 2018 to 31|Written||The Company answered 35 questions for investors online through the|
|||Other||
|Mar. 2018|inquiries||investor relations interactive platform(http://irm.p5w.net/dqhd/sichuan/)|
||Telephone|||
|1 Jan. 2018 to 31|||Basic condition of the Company and views on market, communication with|
||communicat|Other||
|Mar. 2018|||investors by telephone more than 50|
||ion|||

无锡威孚高科技集团股份有限公司2018年第一季度报告正文 VIII. External security against the rules
□ Applicable√ Not applicable
||
|-|
|The Company has no external security against the rules in the Period|
|IX. 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.
Board of Director of
Weifu High-Technology Group Co., Ltd
27 April 2018