苏威孚B：2023年年度报告摘要(英文版)
Stock Code: 000581, 200581 Public Notice No: 2024-009Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.Summary of Annual Report 2023I. 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 applicableGongzheng Tianye Certified Public Accountants (SGP) issued the audit report for the Company with an unqualified opinion withhighlighted paragraphs, the Board of Directors and the Board of Supervisors of the Company have explained the relevant matters indetail, please read carefully.Profit distribution plan of common stock or public reserve transfer into share capital deliberated by the Board in the reporting period?Applicable □Not applicableTransfer of public reserve into share capital
□Yes ?No
The profit distribution plan that was deliberated and approved by the Board Meeting is: Based on total share capital of 977,162,793,distributed 10.00 yuan (tax included) bonus in cash for every 10-share held by all shareholders, 0 share bonus issued (tax included)and no transfer of capital reserve into share capital. When the profit distribution plan is implemented, if there is a change in the totalamount of shares entitled to profit distribution, the total amount of shares entitled to profit distribution on the equity registration dateat the time of implementation of the distribution plan shall be adjusted based on the principle of unchanged distribution proportion.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 engaged by the CompanyThe main business of the company is the research and development, production and sales of core automotive parts,and currently has four business segments, including energy conservation and emission reduction, green hydrogenenergy, intelligent electric, industrial and other. During the reporting period, the main products sold were dieselfuel injection system, exhaust after-treatment system, air intake system, core parts of fuel cells, core parts ofelectric drive systems, core parts of thermal management systems, cabin core parts, core parts of brake systems,etc.
1. Diesel fuel injection system, including high pressure oil pump, high pressure oil rail, injector, filter and otherproducts, widely used in diesel engines of all levels of power, supporting various trucks, buses, constructionmachinery, marine, agricultural machinery, generator sets, and can meet the national standard VI, off-road stageIV emission regulations, leading in the product variety, production scale, market share. While doing a good job insupporting domestic engines, some products are exported to the Americas, Southeast Asia, the Middle East andother regions.
2. Exhaust after-treatment system, including diesel purifier, gasoline purifier, natural gas purifier, muffler, catalystand other products, can meet the national VI standard, off-road stage IV emission regulations, with leadingtechnical level, market scale and production capacity in China, widely used in traditional power & plug-in hybridpassenger vehicles, commercial vehicles, off-road machinery and other fields, and can provide strong support forproduct upgrading and renewal of OEMs.
3. Air intake system, including diesel supercharger, gasoline supercharger, natural gas supercharger and otherproducts, can meet the national VI, off-road stage IV emission regulations, with the scope of application coveringcommercial vehicles, traditional power & plug-in hybrid passenger vehicles, construction machinery, agriculturalmachinery, generator sets and other fields, and can support the major domestic OEMs and automobilemanufacturers .
4. Core parts of fuel cells, including membrane electrode, bipolar plate (graphite, metal), catalyst and BOP criticalparts (such as valves, pumps, air compressor critical parts) and other products, mainly support domestic andforeign hydrogen fuel cell stack and system manufacturers and energy storage enterprises.
5. Core parts of electric drive systems, including motor shaft, end cover, water jacket and other products, mainlysupport domestic and foreign new energy passenger car enterprises or electric drive system manufacturers.
6. Core parts of thermal management systems, including electronic oil pump, electronic water pump, thermostatand other products, mainly support domestic and foreign new energy passenger vehicles, commercial vehicleenterprises.
7. Cabin core parts, including car seat assembly, seat skeleton, electric long slide, shock absorber and otherproducts, mainly support domestic mainstream commercial vehicles, passenger car enterprises.
8. Core parts of brake systems, including mechanical vacuum pump and other products, mainly support domesticand foreign mainstream passenger car enterprises.(II) Business model of the CompanyThe Company follows the business philosophy of “Making Fine Products, Creating Famous Brands and
Achieving 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 2023 | Year-end of 2022 | Changes at end of the current year compared with the end of previous year (+,-) | Year-end of 2021 | |
| Total assets | 28,081,087,791.81 | 28,528,913,065.01 | -1.57% | 27,970,858,427.84 |
| Net assets attributable to shareholders of listed company | 19,399,892,671.78 | 17,696,679,170.72 | 9.62% | 19,398,607,689.65 |
| 2023 | 2022 | Changes in the current year over the previous year (+,-) | 2021 | |
| Operating income | 11,093,141,950.98 | 12,729,634,917.03 | -12.86% | 13,682,426,710.95 |
| Net profit attributable to shareholders of the listed company | 1,837,291,259.68 | 118,819,836.30 | 1,446.28% | 2,575,371,419.80 |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 1,597,321,239.86 | 119,966,549.62 | 1,231.47% | 2,544,559,926.75 |
| Net cash flows arising from operating activities | 1,626,249,911.90 | -2,575,742,649.43 | 163.14% | 627,712,593.41 |
| Basic earnings per share (RMB/Share) | 1.88 | 0.09 | 1,988.89% | 2.57 |
| Diluted earnings per share (RMB/Share) | 1.88 | 0.09 | 1,988.89% | 2.57 |
| Weighted average ROE | 9.92% | 0.64% | 9.28% | 13.67% |
(2) Quarterly main financial index
In RMB
| Q 1 | Q 2 | Q 3 | Q 4 | |
| Operating income | 3,144,363,323.69 | 2,985,285,723.71 | 2,212,553,381.53 | 2,750,939,522.05 |
| Net profit attributable to shareholders of the listed company | 414,774,676.43 | 533,986,183.12 | 373,315,787.47 | 515,214,612.66 |
| Net profit attributable to | 355,542,161.23 | 475,336,090.14 | 365,662,980.94 | 400,780,007.55 |
| shareholders of the listed company after deducting non-recurring gains and losses | ||||
| Net cash flows arising from operating activities | 545,452,710.09 | 544,508,527.33 | 41,786,089.96 | 494,502,584.52 |
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
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 | 65,078 | Total common stock shareholders at end of last month before annual report disclosed | 64,523 | 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 | 20.36% | 204,059,398 | |||||||||
| ROBERT BOSCH GMBH | Foreign corporate | 14.25% | 142,841,400 | |||||||||
| Hong Kong Securities Clearing Company | Foreign corporate | 1.77% | 17,702,321 | |||||||||
| NSSF-413 | Other | 1.02% | 10,230,000 | |||||||||
| Basic Pension Insurance Fund- 1003 | Other | 0.76% | 7,641,693 | |||||||||
| FIDELITY INVMT TRT FIDELITY INTL SMALL CAP FUND | Foreign corporate | 0.72% | 7,210,386 | |||||||||
| BBH BOS S/A FIDELITY FD - CHINA FOCUS FD | Foreign corporate | 0.70% | 7,053,913 | |||||||||
| Guolian An Fund - China Pacific Life Insurance Co., Ltd. - Dividend Insurance - Guolian An Fund - China Pacific Life Stock Relative Yield (Dividend) Single Asset Management Plan | Other | 0.69% | 6,887,979 | |||||||||
| Tianan Life Insurance Co., Ltd. - Traditional Products | Other | 0.52% | 5,257,824 | |||||||||
| Xie Zuogang | Domestic natural person | 0.51% | 5,132,967 | |||||||||
| 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) | Nil |
The top 10 shareholders participating in the lending of shares through refinancing business
□Applicable ? Not applicable
Changes in top 10 shareholders compared to last period?Applicable □ Not applicable
| Changes in top 10 shareholders compared to last period | |||||
| Full name of shareholders | New/Exiting shareholder in current period | At the end of the period, the number of shares lent through refinancing and not yet repaid | The number of shares held in the ordinary account and credit account of shareholders at the end of the period, as well as the shares lent through refinancing and not yet repaid | ||
| Total quantity | Ratio in total shares | Total quantity | Ratio in total shares | ||
| Guolian An Fund - China Pacific Life Insurance Co., Ltd. - Dividend Insurance - Guolian An Fund - China Pacific Life Stock Relative Yield (Dividend) Single Asset Management Plan | New shareholder | 0 | 0.00% | 0 | 0.00% |
| Tianan Life Insurance Co., Ltd. - Traditional Products | New shareholder | 0 | 0.00% | 0 | 0.00% |
| Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategic Yingzhi Fund | Exiting shareholder | 0 | 0.00% | 0 | 0.00% |
| Fei Guohua | Exiting shareholder | 0 | 0.00% | 0 | 0.00% |
(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 2023Annual Report for details during the reporting period.
Board of Directors ofWeifu High-Technology Group Co., Ltd.16 April 2024
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.
35.97%
35.97%
59.62%
| 59.62% | 4.41% |
100%
100%
20.36%
20.36%
Weifu High-Technology Group Co., Ltd..