苏威孚Ｂ：2021年半年度报告（英文版）.PDF
无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 1 WEIFU HIGH-TECHNOLOGY GROUP CO.,LTD.SEMI-ANNUAL REPORT 2021 AUGUST 2021 无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 2 Section I.Important Notice,Contents and Interpretation Board of Directors,Supervisory Committee,all directors,supervisors and senior executives of Weifu High-Technology Group Co.,Ltd.(hereinafter referred to as the Company)hereby confirm that there are no any fictitious statements,misleading statements,or important omissions carried in this report,and shall take all responsibilities,individual and/or joint,for the reality,accuracy and completion of the whole contents.Wang Xiaodong,Principal of the Company,Ou Jianbin,person in charger of accounting works and Ou Jianbin,person in charge of accounting organ(accounting principal)hereby confirm that the Financial Report of 2021 Semi-Annual Report is authentic,accurate and complete.All directors are attend the Meeting for the Report deliberation.In this report,details of relevant risks and countermeasures in operation have described,found more in relevant content in the Report.Concerning the forward-looking statements with future planning involved in the Report,they do not constitute a substantial commitment for investors.The China Securities Journal,Securities Times,Hong Kong Commercial Daily and Juchao Website()are the information disclosure media appointed by the Company,all information should be prevail on the above mentioned media,investors are advice to pay attention on investment risks.The Company has no plan of cash dividend distributed,no cash bonus and capitalizing of common reserves either carried out.The Report is prepared in Chinese and English respectively.In the event of any discrepancy between the two versions,the Chinese version shall prevail.无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 3 Contents Section I.Important Notice,Contents and Interpretation.2 Section II Company Profile and Main Financial Indexes.6 Section III Management Discussion and Analysis.9 Section IV.Corporate Governance.22 Section V.Environmental and Social Responsibility.24 Section VI.Important Matters.25 Section VII.Changes in Shares and Particulars about Shareholders.34 Section VIII.Preferred Stock.40 Section IX.Corporate Bonds.41 Section X.Financial Report.42 无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 4 Documents Available for Reference I.Financial statement carrying the signatures and seals of person in charge of the company,principal of the accounting works and person in charge of accounting organ(accounting Supervisor);II.Original documents of the Company and manuscripts of public notices that disclosed in the website Juchao(http:/)designated by CSRC in the report period;III.The Semi-Annual report published on China Securities Journal,Securities Times and Hong Kong Commercial Daily during the Period.无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 5 Interpretation Items Refers to Contents Company,The Company,WFHT Refers to WEIFU HIGH-TECHNOLOGY GROUP CO.,LTD.Wuxi Industry Group Refers to Wuxi Industry Development Group Co.,Ltd.Robert Bosch,Robert Bosch Company Refers to Robert Bosch Co.,Ltd,ROBERT BOSCH GMBH RBCD Refers to Bosch Powertrain Systems Co.,Ltd.WFLD Refers to Wuxi Weifu Lida Catalytic Converter Co.,Ltd.WFJN Refers to Nanjing Weifu Jinning Co.,Ltd.WFTT Refers to Ningbo Weifu Tianli Turbocharging Technology Co.,Ltd.WFCA Refers to Wuxi Weifu Changan Co.,Ltd.WFMA Refers to Wuxi Weifu Mashan Fuel Injection Equipment Co.,Ltd.WFTR Refers to Wuxi Weifu International Trade Co.,Ltd.WFSC Refers to Wuxi Weifu Schmitter Powertrain Components Co.,Ltd.WFAM Refers to Wuxi Weifu Autocam Precision Machinery Co.,Ltd.WFDT Refers to Wuxi Weifu E-drive Technologies Co.,Ltd.WFAS Refers to Wuxi Weifu Autosmart Seating System Co.,Ltd.SPV Refers to Weifu Holding ApS IRD Refers to IRD Fuel Cells A/S Borit Refers to Borit NV WFEC Refers to Wuxi Weifu Environmental Catalysts Co.,Ltd.WFPM Refers to Wuxi Weifu Precision Machinery Manufacturing Co.,Ltd.Zhonglian Electronics Refers to Zhonglian Automobile Electronics Co.,Ltd.Shinwell Automobile Refers to Shinwell Automobile Technology(Wuxi)Co.,Ltd.CSRC Refers to China Securities Regulatory Commission SZ Stock Exchange Refers to Shenzhen Stock Exchange Reporting period Refers to 1 January 2021 to 30 June 2021 无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 6 Section II Company Profile and Main Financial Indexes I.Company profile Short form of the stock WFHT,Su Weifu-B Stock code 000581,200581 Stock exchange for listing Shenzhen Stock Exchange Name of the Company(in Chinese)无锡威孚高科技集团股份有限公司 Short form of the Company(in Chinese if applicable)威孚高科 Foreign name of the Company(if applicable)WEIFU HIGH-TECHNOLOGY GROUP CO.,LTD.Short form of foreign name of the Company(if applicable)WFHT Legal representative Wang Xiaodong II.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 Fax.0510-80505199 0510-80505199 E-mail W W III.Others 1.Way of contact Whether registrations address,offices address and codes as well as website and email of the Company changed in reporting period or not Applicable Not applicable Registrations address,offices address and codes as well as website and email of the Company has no change in reporting period,found more details in Annual Report 2020.2.Information disclosure and preparation place Whether information disclosure and preparation place changed in reporting period or not Applicable Not applicable The newspaper appointed for information disclosure,website for semi-annual report publish appointed by CSRC and preparation place for semi-annual report have no change in reporting period,found more details in Annual Report 2020.无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 7 IV.Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data Yes No Current period Same period of last year Changes over last year Operating income(RMB)9,037,691,756.24 6,594,403,624.56 37.05%Net profit attributable to shareholders of the listed company(RMB)1,645,389,487.32 1,326,344,424.98 24.05%Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB)1,702,220,554.09 1,175,574,728.86 44.80%Net cash flow arising from operating activities(RMB)80,191,609.17 437,657,072.41-81.68%Basic earnings per share(RMB/Share)1.66 1.32 25.76%Diluted earnings per share(RMB/Share)1.66 1.32 25.76%Weighted average ROE 8.72%7.80%0.92%Current period-end period-end of last year Changes over period-end of last year Total assets(RMB)27,779,188,733.05 27,350,695,388.21 1.57%Net assets attributable to shareholder of listed company(RMB)18,435,134,764.13 18,282,017,990.66 0.84%V.Difference of the accounting data under accounting rules in and out of China 1.Difference of the net profit and net assets disclosed in financial report,under both IAS(International Accounting Standards)and Chinese GAAP(Generally Accepted Accounting Principles)Applicable Not applicable The Company had no difference of the net profit or net assets disclosed in financial report,under either IAS(International Accounting Standards)or Chinese GAAP(Generally Accepted Accounting Principles)in the period.2.Difference of the net profit and net assets disclosed in financial report,under both foreign accounting rules and Chinese GAAP(Generally Accepted Accounting Principles)Applicable Not applicable The Company had no difference of the net profit or net assets disclosed in financial report,under either foreign accounting rules or Chinese GAAP(Generally Accepted Accounting Principles)in the period.VI.Items and amounts of extraordinary profit(gains)/loss Applicable Not applicable Unit:yuan 无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 8 Item Amount Note Gains/losses from the disposal of non-current asset(including the write-off that accrued for impairment of assets)2,301,315.63 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 enterprises business)23,433,211.68 Gains/losses of fair value changes from holding the trading financial asset,derivative financial assets,trading financial liability and derivative financial liability and investment earnings obtained from disposing the trading financial asset,derivative financial assets,trading financial liability,derivative financial liability and other debt investment,except for the effective hedging business related to normal operation of the Company -91,729,334.10 Other non-operating income and expenditure except for the aforementioned items 261,828.55 Less:Impact on income tax-9,604,873.99 Impact on minority shareholders equity(post-tax)702,962.52 Total-56,831,066.77-Concerning the extraordinary profit(gain)/loss defined by Q&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 in Q&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 in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Extraordinary Profit/loss无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 9 Section III Management Discussion and Analysis I.Main businesses of the company in the reporting period During the reporting period,there were no major changes in the companys main business and business model.Details were as follows:(i)The companys main business The companys main business is the R&D,production and sales of automotive core components.During the reporting period,the main products were diesel fuel injection system products,and automobile exhaust after-treatment system products and air management system products.At the same time,the company has established R&D capabilities of fuel cell core components and has achieved production and sales.1.The diesel fuel management system products are widely used in different power diesel engines supporting all types of trucks,passenger cars,buses,construction machinery,marine,and generator sets.The company not only makes products matching with the main engines used at home but also exports some products to the Americas,Southeast Asia,and the Middle East.The products meet the needs of national emission standards.2.The auto exhaust after-treatment system products are supporting all major automobile manufactures in China.And the products meet the needs of national emission standards.3.The Air management system products,matches with most of the domestic small-bore diesel engine plants and some 6-cyl diesel engine manufacturers,and meet the needs of the light and heavy commercial vehicles and some passenger cars and the engineering machinery.And the products meet the needs of national emission standards.4.Key parts of the fuel cell,including membrane electrodes,graphite bipolar plates,metal bipolar plates and BOP key components for domestic and foreign fuel cell reactor and system manufacturers.(ii)Business model of the Company The Company follows the operating philosophy of“making competitive products,creating famous brands,and achieving joint value growth”,implements the business model that parent company unifies the management and subsidiaries decentralize the production.The parent company is responsible for making strategic development planning and operation targets,and making the unified management,instruction and assessment for the finance,significant personnel management,core raw materials,quality control,and the R&D of technologies.The subsidiaries arrange production based on the order management model of market,which makes the subsidiaries keep the consistent quality with the company,helps keep abreast of customer needs and saving logistics costs,maintain the timeliness of products production and supply,and improve the companys economic benefits.(iii)Development of the industry Since this year,the national economy has been showing a continuous and steady recovery,and Chinas economy is steadily strengthening and improving.In this context,the automobile market is overall stable,constantly laying 无锡威孚高科技集团股份有限公司 2021 年半年度报告全文 10 a solid foundation for the development of the industry.According to the data of China Association of Automobile Manufactures:From January to June of 2021,the production and sales of automobile totaled 12.57 million and 12.89 million respectively,up 24.24%and 25.63%on a y-o-y basis respectively.Among them,the production and sales of passenger vehicles totaled 9.84 million and 10.01 million respectively with 26.83%and 27.04%increased on a y-o-y basis;the production and sales of commercial vehicles completed 2.73 million and 2.88 million respectively,an increase of 15.73%and 20.95%respectively from a year earlier.(iv)The Companys business conditions during the reporting period Since this year,the company has seriously implemented the annual work goal,seized the development opportunities of automobile industry,especially the commercial vehicles,and both production and sales of main products including diesel fuel injection system products,automobile exhaust after-treatment system products and air management system products have been thriving.The companys main economic indicators in the first half of the year has maintained better growth compared with the same period last year.During the reporting period,the Company achieved an operating income of 9.038 billion yuan,an increase of 37.05%over the same period of the previous year;the net profit attributable to shareholder of parent company has 1.645 billion yuan,an increase of 24.05%over the same period last year.Main work carried out by the company during the reporting period:1.Seize market opportunities and improve marketing management.The company seized the market development opportunities of the automobile industry,especially the commercial vehicles,dynamically focused on the annual key projects and indicator schedules.Driven by factors such as China VI standard switching,over-limit control and infrastructure projects,the sales of diesel fuel injection system products and automobile exhaust after-treatment system products have increased significantly,and the share of the companys main products and strategic customers in the market has increased.The current China VI projects have been making steady progress,and new business projects such as hydrogen fuel cells and intelligent networks have achieved positive progress.The company has accelerated the integration and training of marketing team,continuously improved the operation mechanism of the key customer manager platform,focused on core strat
