苏威孚B：2025年年度报告摘要(英文版)
StockCode:000581,200581PublicNoticeNo:2026-002ShortFormoftheStock:WFHT,SuWeifu-B
WeifuHigh-TechnologyGroupCo.,Ltd.
SummaryofAnnualReport2025
I.ImportantNotice
Thesummaryisabstractfromfull-textofannualreport,formoredetailsofoperatingresults,financialconditionandfuturedevelopmentplanoftheCompany,investorsshouldreadthefull-textofannualreportthatpublishedonmediaappointedbyCSRC.AlldirectorsattendedtheMeetingoftheBoardforAnnualReportdeliberation.Promptofnon-standardauditopinion
□Applicable?NotapplicableProfitdistributionplanofcommonstockorpublicreservetransferintosharecapitaldeliberatedbytheBoardinthereportingperiod?Applicable□NotapplicableTransferofpublicreserveintosharecapital
□Yes?NoTheprofitdistributionplanthatwasdeliberatedandapprovedbytheBoardMeetingis:Basedontotalsharecapitalof966,785,693,distributed7.00yuan(taxincluded)bonusincashforevery10-shareheldbyallshareholders,0sharebonusissued(taxincluded)andnotransferofcapitalreserveintosharecapital.Whentheprofitdistributionplanisimplemented,ifthereisachangeinthetotalamountofsharesentitledtoprofitdistribution,thetotalamountofsharesentitledtoprofitdistributionontheequityregistrationdateatthetimeofimplementationofthedistributionplanshallbeadjustedbasedontheprincipleofunchangeddistributionproportion.ProfitdistributionplanofpreferredstockdeliberatedandapprovedbytheBoardinthereportingperiod.
□Applicable?Notapplicable
II.Companyinformation
1.CompanyProfile
| Shortformofthestock | WFHT,SuWeifu-B | Stockcode | 000581,200581 | |
| Stockexchangeforlisting | ShenzhenStockExchange | |||
| FormerShortformofthestock | SuWeifu-A | |||
| Person/Waytocontact | SecretaryoftheBoard | Rep.ofsecurityaffairs | ||
| Name | LiuJinjun | XuKan | ||
| Officeadd. | No.6HuashanRoad,XinwuDistrict,Wuxi | No.6HuashanRoad,XinwuDistrict,Wuxi | ||
| Fax. | 0510-80505199 | 0510-80505199 | ||
| Tel. | 0510-80505999 | 0510-80505999 | ||
| Web@weifu.com.cn | Web@weifu.com.cn | |||
2.Mainbusinessorproductsintroductioninthereportingperiod
(I)MainbusinessengagedbytheCompanyTheCompanyhasbeendeeplyinvolvedinthecoreautomotivepartsformanyyears.Withdeeptechnicalaccumulation,perfectproductionsystemandextensivemarketlayout,theCompanyhasformedfourcorebusinesssegments,includingenergysavingandemissionreduction,intelligentelectricdrive,greenhydrogenenergy,industryandothers,andbuiltaproductmatrixcoveringtraditionalfuelvehicles,newenergyvehicles,off-roadmachinery,industrialequipment,energystorageandotherfields,whichcanprovidesupportingsolutionsforOEMs,automotivemanufacturersandrelatedenterprisesathomeandabroad.Duringthereportingperiod,theCompany'scoreproductscontinuedtomaintainaleadingpositionintheindustryintermsofmarketshare,technicallevelandproductionscale,whiletheCompanywasactivelydevelopedinautomotiveintelligentcontrol,newindustriesandotherfieldstopromotetheoptimizationandupgradingofbusinessstructureandachievesustainabledevelopment.
1.CoreproductsofenergysavingandemissionreductionsegmentThissegmentinvolvestheCompany'scoreadvantagebusiness,focusingonenergysavingandemissionreductioninthefieldofenergyandpower,anddeeplycultivatingsupportingpartsofdiesel,gasoline,naturalgasandotherpowertypes.TheproductscanfullymeetthelatestemissionregulationsofCNVIandOff-roadPhaseIVvehiclesinmanycountriesandindustries,andwidelysupportvarioustypesofpowerequipment,providingcoresupportfortheenvironmentalprotectionupgradeoftraditionalpowerequipment.
(1)Fuelinjectionsystem:Itmainlyincludeshigh-pressurefuelpump,high-pressurefuelrail,fuelinjector,filterandotherproducts,whichcanbeadaptedtodieselenginesofvariouspowerandcleanalternativefuels,andarewidelyusedindiversifiedscenariossuchastrucks,buses,constructionmachinery,agriculturalmachinery,marinemachinery,generatorsets,etc.TheCompany'sproductsareattheleadinglevelinvariety,productionscaleandmarketshare.WhilestabilizingthedomesticOEMsupportingmarket,theCompanyactivelyexpandedoverseasmarkets,andsomeproductsweresuccessfullyexportedtoAmerica,SoutheastAsia,theMiddleEastandotherregions,whichwerewidelyrecognizedbyoverseascustomers.
(2)Exhaustpost-treatmentsystem:Itmainlyincludesdieselpurifier,gasolinepurifier,naturalgaspurifier,muffler,catalystandotherproducts,whichcanmeettheneedsoftraditionalpowerandplug-inhybridpassengercars,commercialvehicles,constructionmachinery,agriculturalmachinery,generatorsetsandotherfields,andthetechnicallevel,marketscaleandproductioncapacityareattheleadinglevelinChina.Byvirtueofadvancedcatalytictechnologyandefficientpurificationefficiency,theproductscanprovidestrongsupportfortheupgradingofmainequipmentmanufacturers'products,helpcustomerstomeetthelatestemissionregulationsandenhancethemarketcompetitivenessofproducts.
(3)Intakesystem:Itmainlyincludesdieselturbocharger,gasolineturbocharger,naturalgasturbochargerandotherproducts,coveringtraditionalpowerandplug-inhybridpassengercars,commercialvehicles,constructionmachinery,agriculturalmachinery,generatorsetsandotherfields,andtheproductscanprovidestableandefficientsupportingservicesformajordomesticOEMsandautomotivemanufacturers.Theproductshavethecoreadvantagesofpowerimprovement,energysavingandconsumptionreduction,andcanbeusedtoeffectivelyoptimizetheengineperformance,takingintoaccountthepoweroutputandenvironmentalprotectionrequirements,andadaptingtothepowerequipmentrequirementsofdifferentscenarios.
2.Coreproductsofintelligentelectricdrivesegment
Thissectioncloselyfollowsthedevelopmenttrendofnewenergyvehiclesandintelligentdrivingindustry,focusesontheR&Dandproductionofcorepartsofnewenergyvehiclesandintelligentdrivingsensingsystems,andaccuratelygraspstheupgradingdirectionoftheindustry.Theproductsmainlysupportnewenergyvehiclesandrelatedintelligentdrivingfieldstohelptheautomotiveindustrytotransformintoelectrificationandintelligence,including:
(1)Corepartsofelectricdrivesystem,includingmotorshaft,endcover,waterjacketandotherproducts,whichhavetheadvantagesofhighprecision,highreliabilityandwideadaptability,andaremainlyusedtoprovidesupportfornewenergypassengercarenterprisesandelectricdrivesystemmanufacturersathomeandabroadtoimprovethepowerperformanceandenduranceofnewenergyvehicles.
(2)Corepartsofthermalmanagementsystem,includingelectronicfuelpump,electronicwaterpump,thermostat,watercoolingplateandotherproducts,whichfocusonthethermalmanagementrequirementsofnewenergyvehiclesandhydrogenfuelcellstacks,andcanbeeffectivelyusedtocontroltheoperatingtemperature,improvethestabilityandsafetyofnewenergyvehiclesandhydrogenfuelcellsystems,providingsupportfornewenergypassengercars,commercialvehiclesandhydrogenfuelcellsystemmanufacturersathomeandabroad.
(3)Corepartsofcabin,includingautomotiveseatassembly,seatframe,electriclongsliderail,shockabsorberandotherproducts,takingintoaccounttherequirementsofcomfort,safetyandintelligence,providingsupportforpassengercarandcommercialvehicleenterprisesathomeandabroad.Theproductscanbecustomizedaccordingtocustomerneeds.
(4)Corepartsofbrakingsystem,mainlyincludingmechanicalvacuumpumpsandotherproducts,whichhavetheadvantagesofhighbrakingefficiency,stabilityandreliability,mainlyprovidesupportformainstreampassengercarandcommercialvehicleenterprisesathomeandabroad,tomeettherequirementsofautomotivebrakingsystemandensurethedrivingsafetyofvehicles.
(5)Coreintelligentsensingmodules,including4Dimagingradar,frontradar,angleradar,cabinradar,roadbrakeradarandotherproducts,inwhichthetechnicallevelisattheleadingleveloftheindustry.Theproductsaremainlyusedinintelligentdriving,intelligentcockpit,intelligentparking,vehicle-roadcoordinationandotherscenarios,providingaccuratesensingsolutionsforcarcompaniesandrelatedtechnologyenterprisesandhelpthelarge-scaleapplicationofintelligentdrivingtechnology.
3.Coreproductsofgreenhydrogenenergysegment
Thissegmentfocusesonthecorelinksofthehydrogenenergyindustry,closelyfollowsthedevelopmenttrendoftheglobalhydrogenenergyindustry,andfocusesontheR&Dofhydrogenfuelcellsandrelatedsupportingproductstohelpthegreenandlow-carbondevelopmentofthenewenergyindustry.Themainproductsincludemembraneelectrodes,bipolarplates(graphiteandmetal),catalysts,BOPkeyparts(suchaspumpssuchashydrogencirculatingpump,valvessuchasbottlevalves,andkeypartssuchasaircompressors)andhydrogenstoragebottles,formingacompleteproductlayoutfromcorematerialstokeyparts,mainlyprovidinghigh-qualitysupportingservicesforhydrogenfuelcellstackandsystemmanufacturersandenergystorageenterprisesathomeandabroad,andhelpingthelarge-scaleapplicationofhydrogenenergyintransportation,energystorageandotherfields.
4.Coreproductsofindustryandotherssegment
Thissegmentfocusesonsupportingthecorepartsintheindustrialfield,andreliesontheCompany'smatureR&Dandproductioncapacitytodevelopthecorepartsofthehydraulicsystem,improvethebusinesslayoutandexpandthemarketspace.Themainproductsincludeforklifthydraulicsystem,motorpump,internalgearpump,motorcontroller,pistonparts,etc.Theproductshavehighprecisionandhighreliabilitytoprovidestablesupportformajordomestichydraulicenterprisesandarewidelyusedinindustrialforklifts,constructionmachinery,generalmachineryandotherfieldstoupgradeindustrialequipmentandimproveindustrialproductionefficiency.
(II)BusinessmodeloftheCompany
TheCompanyfollowsthebusinessphilosophyof“MakingExcellentProducts,CreatingFamousBrandsandRealizingCommonGrowthofValue”,andimplementsthebusinessmodelwithunifiedmanagementoftheparentcompanyanddecentralizedproductionofsubsidiaries.Theparentcompanyisresponsibleforformulatingstrategicdevelopmentplansandbusinessobjectives,andimplementingunifiedmanagement,guidanceandassessmentonsubsidiariesinfinance,majorpersonnelmanagement,corerawmaterials,qualitycontrolandtechnologyresearchanddevelopment.Thesubsidiariesisresponsibleforarrangingproductioninmarketordermanagementmode,notonlytoensuretheunifiedqualityofproducts,butalsohelptounderstandcustomerneedsandsavelogisticscostsintime,maintainthetimelinessofproductionandsupply,andimprovethecompany'seconomicbenefits.
3.Mainaccountingdataandfinancialindexes
(1)Mainaccountingdataandfinancialindexesforrecentlythreeyears
Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot
□Yes?No
InRMB
| Year-endof2025 | Year-endof2024 | Changesatendofthecurrentyearcomparedwiththeendofpreviousyear(+,-) | Year-endof2023 | |
| Totalassets | 29,667,727,447.65 | 28,404,900,411.22 | 4.45% | 28,081,087,791.81 |
| Netassetsattributabletoshareholdersoflistedcompany | 19,917,552,613.16 | 19,840,528,176.64 | 0.39% | 19,399,892,671.78 |
| 2025 | 2024 | Changesinthecurrentyearoverthepreviousyear(+,-) | 2023 | |
| Operatingincome | 12,023,879,058.27 | 11,167,263,155.85 | 7.67% | 11,093,141,950.98 |
| Netprofitattributabletoshareholdersofthelistedcompany | 1,068,167,498.05 | 1,659,533,740.63 | -35.63% | 1,837,291,259.68 |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses | 667,839,223.85 | 1,579,109,476.17 | -57.71% | 1,597,321,239.86 |
| Netcashflowsarisingfromoperatingactivities | 992,727,022.87 | 1,582,332,648.74 | -37.26% | 1,626,249,911.90 |
| Basicearningspershare(RMB/Share) | 1.10 | 1.71 | -35.67% | 1.88 |
| Dilutedearningspershare(RMB/Share) | 1.10 | 1.71 | -35.67% | 1.88 |
| WeightedaverageROE | 5.39% | 8.47% | -3.08% | 9.92% |
(2)Quarterlymainfinancialindex
InRMB
| Q1 | Q2 | Q3 | Q4 | |
| Operatingincome | 2,834,349,666.20 | 2,926,068,966.91 | 2,738,647,789.90 | 3,524,812,635.26 |
| Netprofitattributabletoshareholdersofthelistedcompany | 354,413,869.98 | 347,456,438.77 | 450,242,976.47 | -83,945,787.17 |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses | 318,796,605.21 | 336,545,849.23 | 435,075,971.06 | -422,579,201.65 |
| Netcashflowsarisingfromoperatingactivities | -197,825,158.15 | 690,699,436.89 | 456,569,622.93 | 43,283,121.20 |
Whethertherearesignificantdifferencesbetweentheabove-mentionedfinancialindexoritstotalnumberandtherelevantfinancialindexdisclosedintheCompany’squarterlyreportandsemi-annualreport
□Yes?No
4.Sharesandshareholders
(1)Particularsaboutcommonstockshareholders,preferenceshareholderswithvotingrightsrecoveredandtoptenshareholders
InShare
| Totalcommonstockshareholdersinthereportingperiod-end | 63,426 | Totalcommonstockshareholdersatendoflastmonthbeforeannualreportdisclosed | 59,484 | Totalpreferenceshareholderswithvotingrightsrecoveredattheendofreportingperiod | 0 | Totalpreferenceshareholderswithvotingrightsrecoveredattheendoflastmonthbeforeannualreportdisclosed | 0 |
| Toptenshareholders | |||||||
| NameofShareholders | NatureofShareholders | Proportionofsharesheld | Amountofsharesheld | Numberoflock-upstocksheld | Informationofsharespledged,taggedorfrozen | ||
| Stateofshare | Amount | ||||||
| WuxiIndustryDevelopmentGroupCo.,Ltd. | State-ownedcorporate | 22.05% | 213,202,199 | 0 | NA | 0 | |
| ROBERTBOSCHGMBH | Foreigncorporate | 15.44% | 149,241,339 | 0 | NA | 0 | |
| HongKongSecuritiesClearingCompany | Foreigncorporate | 1.23% | 11,918,839 | 0 | NA | 0 | |
| SOOCHOWSecurities | State-ownedcorporate | 1.00% | 9,642,095 | 0 | Pledged | 3,495,800 | |
| NSSF-413 | Other | 0.94% | 9,120,001 | 0 | NA | 0 | |
| FIDELITYINVMTTRTFIDELITYINTLSMALLCAPFUND | Foreigncorporate | 0.93% | 8,972,271 | 0 | NA | 0 | |
| ChinaLifeInsuranceCo.,Ltd.-Traditional-OrdinaryInsuranceProduct-005L-CT001Shanghai | Other | 0.69% | 6,688,540 | 0 | NA | 0 | |
| LinChuan | Domesticnaturalperson | 0.58% | 5,591,000 | 0 | NA | 0 | |
| XieZuogang | Domesticnaturalperson | 0.58% | 5,562,767 | 0 | NA | 0 | |
| NSSF-107 | Other | 0.56% | 5,432,900 | 0 | NA | 0 | |
| Explanationonassociatedrelationshipamongtheaforesaidshareholders | Amongtheaforesaidshareholders,therehasnoassociatedrelationshipbetweenWuxiIndustryDevelopmentCroupCo.,Ltd.andothershareholders,thefirstlargestshareholderoftheCompany;andtheydonotbelongtothepersonsactinginconcertregulatedbytheManagementMeasureofInformationDisclosureonChangeofShareholdingforListedCompany. | ||||||
| Explanationonshareholdersinvolvingmarginbusiness(ifapplicable) | Nil | ||||||
Participationofshareholderswithashareholdingbiggerthan5%,thetoptenshareholders,andthetoptenshareholdersofnon-restrictedtradablesharesinthelendingofsharesthroughrefinancing
□Applicable?NotapplicableChangesinthetoptenshareholdersandthetoptenshareholdersofnon-restrictedtradablesharesfromthepreviousPeriodduetolending/returnthroughrefinancing
□Applicable?Notapplicable
(2)TotalpreferredstockshareholdersoftheCompanyandsharesheldbytoptenshareholderswithpreferredstockheld
□Applicable?NotapplicableTheCompanyhadnoshareholderswithpreferredstockheldinthereporting.
(3)PropertyrightandcontrollingrelationshipsbetweentheactualcontrollersoftheCompanyandtheCompanyisasfollows
5.Bondsinexistenceasoftheapprovaldateoftheannualreport?Applicable□Notapplicable
(1)Basicinformationofbonds
| Bondname | Bondabbreviation | Bondcode | Issuedate | Maturitydate | Bondbalance(tenthousandyuan) | Interestrate |
| WFHT2025Sci-TechInnovationCorporateBond(465ModernIndustrialClusterSpecial) | 25WFK1 | 524579 | 2025-12-05 | 2028-12-08 | 50,000 | 1.90% |
| PaymentandRedemptionofCorporateBondsduringtheReportingPeriod | Lump-sumprincipalpaymentatmaturity,interestpayableannuallyonDecember8. | |||||
(2)Triggeringandimplementationofissuerorinvestoroptionclausesandinvestorprotectionclauses
OnDecember2,2025,ShanghaiBrillianceCreditRating&InvestorServiceCo.,Ltd.hasissuedthe"CreditRatingReportofWuxiWeifuHigh-TechGroupCo.,Ltd.",assignedaAAAratingtothemainbodycreditofWFHT,withastableoutlook.
(3)MajoraccountingdataandfinancialindicatorsoftheCompanyintherecenttwoyearsasoftheendofthereportingperiod
Unit:TenThousandYuan
| Item | 2025 | 2024 | Year-on-yearincrease/decrease(+/-) |
| Asset-liabilityratio | 29.69% | 27.79% | 1.90% |
| Netprofitafterdeductingnon-recurringgainsandlosses | 69,559.69 | 163,544.16 | -57.47% |
| EBITDAtototaldebtratio | 60.01% | 90.88% | -30.87% |
| Interestcoverageratio | 52.49 | 70.22 | -25.25% |
WuxiState-ownedAssetsSupervision&AdministrationCommissionofState
Council
WuxiState-ownedAssetsSupervision&AdministrationCommissionofState
CouncilWuxiGuofaCapitalOperation
Co.,Ltd.
WuxiGuofaCapitalOperation
Co.,Ltd.DepartmentofFinanceofJiangsuprovince
DepartmentofFinanceofJiangsuprovince
WuxiIndustryDevelopmentGroupCo.,Ltd.
WuxiIndustryDevelopmentGroupCo.,Ltd.
36.83%
36.83%
58.82%
| 58.82% | 4.35% |
100%
100%
22.05%
22.05%WeifuHigh-TechnologyGroupCo.,Ltd..
III.Importantmatters
Duringthereportingperiod,therewasnosignificantchangeintheCompany'soperation.SeethefulltextoftheCompany's2025AnnualReportfordetailsduringthereportingperiod.
BoardofDirectorsofWeifuHigh-TechnologyGroupCo.,Ltd.
17April2026