Stock Code: 000581, 200581 Public Notice No: 2022-052Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Summary of Semi-Annual Report 2022
I. Important Notice
The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition and futuredevelopment plan of the Company; investors should found in the full-text that published on media appointed by CSRC.
All directors are attend the Meeting for the Report deliberation
Prompt of non-standard audit opinion
□Applicable ?Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reportingperiod
□Applicable ?Not applicable
There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the Company
Profit distribution pre-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 | ||
| Contact add. | No.5 Huashan Road, Xinwu District, Wuxi | No.5 Huashan Road, Xinwu District, Wuxi | ||
| Tel. | 0510-80505999 | 0510-80505999 | ||
| Web@weifu.com.cn | Web@weifu.com.cn | |||
2. Main financial data and indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes ?No
| Current period | Same period of last year | Changes in the current period compared with the same period of the previous year (+,-) | |
| Operation income (RMB) | 7,321,835,360.98 | 9,037,691,756.24 | -18.99% |
| Net profit attributable to shareholders of the listed company(RMB) | 1,232,762,710.95 | 1,645,389,487.32 | -25.08% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) | 1,269,045,170.40 | 1,702,220,554.09 | -25.45% |
| Net cash flows arising from operating activities (RMB) | -2,493,982,044.89 | 80,191,609.17 | -3,210.03% |
| Basic earnings per share (RMB/Share) | 1.25 | 1.66 | -24.70% |
| Diluted earnings per share (RMB/Share) | 1.25 | 1.66 | -24.70% |
| Weighted average ROE | 6.24% | 8.72% | -2.48% |
| Current period-end | period-end of last year | Changes at end of the current period compared with the end of previous year (+,-) | |
| Total assets (RMB) | 31,402,279,358.05 | 27,970,858,427.84 | 12.27% |
| Net assets attributable to shareholder of listed company (RMB) | 18,976,164,813.52 | 19,398,607,689.65 | -2.18% |
3. Amount of shareholders of the Company and particulars about shares holding
Unit: share
| Total common stock shareholders at end of the reporting period | 68,720 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | |||||
| Top ten shareholders | ||||||||
| Full name of Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares 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 Co., Ltd | Foreign corporate | 14.16% | 142,841,400 | |||||
| Hong Kong Securities Clearing Company | Foreign corporate | 2.20% | 22,213,969 | |||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 1.40% | 14,122,915 | |||||
| NSSF - 413 | Other | 0.72% | 7,230,000 | |||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.70% | 7,043,386 | |||||
| Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategy YZ Funds | Other | 0.55% | 5,500,106 | |||||
| Industrial and Commercial Bank of China Limited - Fullgoal CSI Bonus Enhanced Securities Investment Fund | Other | 0.39% | 3,943,482 | |||||
| Xie Zuogang | Domestic nature person | 0.38% | 3,812,086 | |||||
| Basic Pension Insurance Fund- 1003 | Other | 0.34% | 3,422,856 | |||||
| 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. | |||||||
4. Changes in controlling shareholders or actual controllers
Change of controlling shareholder during the reporting period
□Applicable?Not applicable
The Company had no change of controlling shareholder during the reporting period
Change of actual controller during the reporting period
□Applicable?Not applicable
The Company had no change of actual controller during the reporting period
5. Total preferred shareholders and top 10 shares held by preferred shareholdersThe Company has no preferred shareholders
6. Bonds in existence as of the approval date of the semi-annual report
□Applicable ?Not applicable
III. Important Matters
(1) The company’s business conditions during the reporting period
Since this year, the Company has implemented the annual work targets conscientiously, facing the rigorousmacroeconomic and downward pressure of the auto industry, we achieved a performance better than the industrystandard by actively carried out various measures to cope with the challenges. During the reporting period,operation revenue from the Company was 7.322 billion yuan, down 18.99% from the same period of last year; thenet profit attributable to shareholder of listed company amounted to 1.233 billion yuan, 25.08% drop from thesame period of previous year.
(2) Main work carried out by the company during the reporting period
1. Improved marketing management and accelerated market expansion. Exhaust gas treatment system: steadilyexpanded the hybrid market, and key platform projects had a high acquisition rate. Air management system: airintake products have entered the supply system of many new customers and gradually acquired projects; gasolinesuperchargers achieved mass production, and the sales had a rapid growth. Diesel fuel injection system: the T4Off-road market of dispensing pump expanded vigorously, with a high coverage rate of major customers andprojects. seized the export order market, mechanical products grew rapidly, and Inline pump exports far exceededexpectations. New business products: continued to expand the leading enterprise customers of the electric driveparts business; accelerated the hydrogen fuel cell business, and newly acquired a number of domestic and foreigncustomer projects such as "one membrane and two plates", hydrogen circulating pumps, and valve BOP products;promoted 3D radar mass production projects in an orderly manner, and focused on expanding 4D radar customerprojects; reached cooperation intentions with some customers in wheel motor business.
2.Strengthened technological innovation and promoted new product research and development. Diesel fuelinjection system: dual-fuel direct injection products jointly developed localization projects with customers, and
completed the first round of customer engine performance tests; developed platform projects such as methanolpumps and methanol injectors; carried out research on hydrogen internal combustion engine injection and otherprojects. Exhaust gas treatment system: in terms of passenger vehicles, completed the development of the light-duty diesel vehicle purifier platform stage has been , and the batch production of key projects of several keycustomers has been completed; in terms of commercial vehicles, completed the development and productionconversion of a number of National VI platforms and customer projects; for non-road, completed theannouncement certification of customers and the development of key projects for many customers. Air intakesystem: National VI diesel engine and natural gas projects were progressing in an orderly manner; the gasolinesupercharger products achieved SOPs for several projects, and successfully obtained the hybrid projects of majorcustomers; the 48V electric supercharger completed the A sample review. At the same time, key R&D projectssuch as hydrogen fuel cells and intelligent network connections were progressing steadily as planned.
3. Optimized strategic planning and promoted investment cooperation. Optimized the company's new strategicblueprint, and formed a new strategic pattern for the comprehensive development of the four major sectors of"energy saving and emission reduction", "green hydrogen energy", "smart electric" and "other core components";completed the global capacity planning and production capacity investment planning of hydrogen fuel cells,formulated strategic development planning for PEM water electrolysis hydrogen production system equipment,and carried out new energy industrial park project planning. Completed the strategic business product planning forthe electric drive core parts business, thermal management system and core parts business, and continued tooptimize the development planning for the millimeter-wave radar business. Comprehensively promoted globalcapacity building investment in hydrogen energy business, completed investment in R&D and capacity expansionof IRD and Borit; successively established hydrogen energy divisions and hydrogen fuel cell joint ventures, andaccelerated capacity building in the Asia-Pacific region; implemented thermal management system and partsbusiness investment cooperation, and VH M&A projects were progressing in an orderly manner; participated inthe investment of industrial funds related to automobiles, and sought cooperation opportunities in the upstreamand downstream industry chains. In the fields of water electrolysis for hydrogen production from renewableenergy sources, intelligent network connection and other fields, we investigated potential cooperation projects,and actively planned for cooperation possibilities.
4.Strengthened quality management and promoted information construction. Deepened the effectiveimplementation of Q11 on site, built a Q11 training base; established development quality managementcapabilities, improved the identification of quality valves for software evaluation needs, introduced positivedevelopment quality tools, improved software FMEA and special feature management maturity; created a specialfollow-up re-examinations mechanism for quality improvement; organized the product review of 17 types of coreproducts; promoted the launch of the measuring instrument management system in the business department, andunified and standardized the management requirements for measuring instruments. The project managementsystem was released to promote the point-to-point connection of the whole process of engineering projects; theconstruction of R&D building, new energy industry bases and other projects were steadily advanced. The SAP S4HANA upgrade project was officially launched, realizing the upgrade of application version and the migration ofhistorical data, and optimizing the system capabilities; the process management system project was launched,
realizing the systematic application of products from design to process management, and standardizing themanagement process of process data.; the IT service platform has been operating online.
5. Promoted management upgrade and improved operating efficiency. Completed the performance review andsigning of the company’s organization at all levels, cooperated with the budget management to complete thebusiness plan and budget succession, and formed an optimization plan; promoted the inspection, tracking andcorrection of business monitoring, analysis, and performance of the business department. Optimized theprocurement system, improved the procurement system documents, upgraded the supplier classification, andrefined the supplier performance management plan, so as to ensure the continuous and efficient operation of theprocurement business. Strengthened the management of inventory and slow-moving materials, strictly reviewedthe production scheduling plan of slow-moving products and conducted regular inspections. Continued to promotethe operation of the company's risk control compliance internal audit trinity and three risk prevention and controlmanagement mechanisms. Strengthened the introduction of talents related to strategic new businesses, andoptimized the allocation of talent teams; multi-dimensionally promoted the "San Hang Yi Jiang” talent capacitydevelopment project, continued to carry out school-enterprise cooperation, and strengthened the training ofindustrial workers.
BOD Of Weifu High-Technology Group Co., Ltd.
23 August 2022