StockCode:000581,200581PublicNoticeNo:2025-069ShortFormoftheStock:WFHT,SuWeifu-B
WeifuHigh-TechnologyGroupCo.,Ltd.
SummaryofSemi-AnnualReport2025I.ImportantNoticeThesummaryisabstractfromthefull-textofSemi-AnnualReport,formoredetailsofoperatingresults,financialconditionandfuturedevelopmentplanoftheCompany;investorsshouldfoundinthefull-textofSemi-AnnualReportthatpublishedonmediaappointedbyCSRC.AlldirectorshaveattendedtheMeetingfortheReportdeliberation.Promptofnon-standardauditopinion
□Applicable?NotapplicableProfitdistributionpre-planofcommonstockorcapitalizingofcommonreservespre-plandeliberatedbytheBoardinthereportingperiod?Applicable□NotapplicableWhethertotransferofcapitalreserveintosharecapitalornot
□Applicable?NotapplicableTheprofitdistributionplanthatwasdeliberatedandapprovedbytheBoardMeetingis:basedontotalsharecapitalof966,785,693,distributed1yuan(taxincluded)bonusincashforevery10-shareheldbyallshareholders,0sharebonusissued(taxincluded)andnotransferofcapitalreserveintosharecapital.Whentheprofitdistributionplanisimplemented,ifthereisachangeinthetotalamountofsharesentitledtoprofitdistribution,onthebasisofthetotalamountofsharesentitledtoprofitdistributionontheequityregistrationdateatthetimeofimplementationofthedistributionplan,thedistributionamountshallbeadjustedaccordingtotheprincipleofunchangeddistributionproportion.Profitdistributionpre-planofpreferredstockdeliberatedandapprovedbytheBoardinthereportingperiod
□Applicable?NotapplicableII.Companyinformation
1.CompanyProfile
| Shortformofthestock | WFHT,SuWeifu-B | Stockcode | 000581,200581 | |
| Stockexchangeforlisting | ShenzhenStockExchange | |||
| Person/Waytocontact | SecretaryoftheBoard | Rep.ofsecurityaffairs | ||
| Name | LiuJinjun | XuKan | ||
| Contactadd. | No.6HuashanRoad,XinwuDistrict,Wuxi | No.6HuashanRoad,XinwuDistrict,Wuxi | ||
| Tel. | 0510-80505999 | 0510-80505999 | ||
| Web@weifu.com.cn | Web@weifu.com.cn | |||
2.MainfinancialdataandindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot
□Yes?No
| Currentperiod | Lastperiod | Year-on-yearincrease(+)/decrease(-) | |
| Operationincome(RMB) | 5,760,418,633.11 | 5,694,233,552.72 | 1.16% |
| Netprofitattributabletoshareholdersofthelistedcompany(RMB) | 701,870,308.75 | 954,341,269.90 | -26.45% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingextraordinarygainsandlosses(RMB) | 655,342,454.44 | 975,076,832.34 | -32.79% |
| Netcashflowsarisingfromoperatingactivities(RMB) | 492,874,278.74 | 887,892,317.37 | -44.49% |
| Basicearningspershare(RMB/Share) | 0.72 | 0.98 | -26.53% |
| Dilutedearningspershare(RMB/Share) | 0.72 | 0.98 | -26.53% |
| WeightedaverageROE | 3.49% | 4.84% | -1.35% |
| Endingbalanceofcurrentperiod | Endingbalanceoflastperiod | Year-on-yearincrease(+)/decrease(-) | |
| Totalassets(RMB) | 28,392,825,486.53 | 28,404,900,411.22 | -0.04% |
| Netassetsattributabletoshareholdersoflistedcompany(RMB) | 19,710,452,515.63 | 19,840,528,176.64 | -0.66% |
3.AmountofshareholdersoftheCompanyandparticularsaboutsharesholding
Unit:share
| Totalcommonstockshareholdersatendofthereportingperiod | 70,808 | Totalpreferenceshareholderswithvotingrightsrecoveredatendofreportingperiod(ifapplicable) | 0 | |||
| Top10shareholders | ||||||
| FullnameofShareholders | Natureofshareholder | Proportionofsharesheld | Amountofsharesheld | Amountofrestrictedsharesheld | Informationofsharespledged,taggedorfrozen | |
| Stateofshare | Amount | |||||
| WuxiIndustryDevelopmentGroupCo.,Ltd. | State-ownedcorporate | 21.93% | 213,202,199 | 0 | N/A | 0 |
| RobertBoschCo.,Ltd | Foreigncorporate | 15.35% | 149,241,339 | 0 | N/A | 0 |
| HongKongSecuritiesClearingCompany | Foreigncorporate | 2.13% | 20,698,900 | 0 | N/A | 0 |
| DongwuSecuritiesCo.,Ltd | State-ownedcorporate | 0.99% | 9,642,695 | 0 | Pledged | 3,495,800 |
| FIDELITYINVMTTRTFIDELITYINTLSMALLCAPFUND | Foreigncorporate | 0.88% | 8,579,471 | 0 | N/A | |
| NSSF-413 | Other | 0.71% | 6,930,000 | 0 | N/A | 0 |
| XieZuogang | Domesticnaturalperson | 0.57% | 5,562,767 | 0 | N/A | 0 |
| CMB-SouthernCSI1000Exchange-TradedFund(ETF) | Other | 0.55% | 5,330,730 | 0 | N/A | 0 |
| LinChuan | Domesticnaturalperson | 0.46% | 4,518,800 | 0 | N/A | 0 |
| MaoShunhua | Domesticnaturalperson | 0.45% | 4,399,200 | 0 | N/A | 0 |
| Explanationonassociatedrelationshipconcertedactionamongtheaforesaidshareholders | Amongtheaforesaidshareholders,therehasnoassociatedrelationshipbetweenWuxiIndustryDevelopmentCroupCo.,Ltd.,thefirstlargestshareholderoftheCompany,andothershareholders;andtheydonotbelongtothepersonsactinginconcertregulatedbytheManagementMeasureofInformationDisclosureonChangeofShareholdingforListedCompany. | |||||
| Explanationontheshareholdersinvolvedinmargintrading(ifapplicable) | Nil | |||||
Shareholdersholdingmorethan5%oftheshares,top10shareholdersortoptenunrestrictedshareholdersparticipatinginthelendingofsharesthroughrefinancingbusiness
□Applicable?NotapplicableTop10shareholdersortoptenunrestrictedshareholdersparticipatinginthelending/returningofsharesthroughrefinancingbusiness
□Applicable?Notapplicable
4.ChangesincontrollingshareholdersoractualcontrollersChangeofcontrollingshareholderduringthereportingperiod
□Applicable?NotapplicableTheCompanyhadnochangeofcontrollingshareholderduringthereportingperiodChangeofactualcontrollerduringthereportingperiod
□Applicable?NotapplicableTheCompanyhadnochangeofactualcontrollerduringthereportingperiod
5.Totalpreferredshareholdersandtop10sharesheldbypreferredshareholders
□Applicable?NotapplicableTheCompanyhasnopreferredshareholders
6.Bondsinexistenceasoftheapprovaldateofthesemi-annualreport
□Applicable?Notapplicable
III.ImportantMatters
(1)TheCompany’sbusinessconditionsduringthereportingperiodSincethebeginningoftheyear,theCompanyhasearnestlyimplementeditsannualoperationalobjectivesandplans,activelyseizingandrespondingtoindustryopportunitiesandchallenges.Duringthereportperiod,theCompanyachievedoperatingrevenueof5.760billionyuan,representinganincreaseof1.16%comparedwiththesameperiodofthepreviousyear;netprofitattributabletoshareholdersofthelistedcompanywas702millionyuan,down26.45%year-on-year.
(2)MainworkcarriedoutbytheCompanyduringthereportingperiod
1.CapturedmarketopportunitiesanddrovebusinessexpansionEnergysavingandemissionreductionproducts:Leveragingsustainedgrowthopportunitiesinnichemarketssuchashybridpassengervehicles,salesofgasolinecatalyticconvertersexceeded2.05millionunits,up9%year-on-year,whiledieselcatalyticconvertersalesreached150,000units,up26%year-on-year;marketshareforafter-treatmentsystemproductsinthepassengervehiclesegmentcontinuedtoincreasesteadily,whilemarketshareinthecommercialvehiclesegmentremainedstable.Amongtheintakesystemproducts,thesalesvolumeoffour-cylinderdieselturbochargersreached370,000units,withayear-on-yeargrowthofover16%,continuetomaintaintheindustrypositionofhavingthehighestmarketshareinthecountry.Gasolineturbochargersseizedthemarketopportunityofhybridpassengervehicles,newlyacquiredmultiplekeyprojectsfromleadingcustomers,andareexpectedtograduallyachievemassproductioninthesecondhalfoftheyear.Thesalesvolumeofsix-cylinderturbochargersincreasedbyover25%year-on-year,andmultiplekeycustomerprojectswereobtained.IntelligentElectricProducts:Thesalesvolumeofcorecomponentsoftheelectricdrivesystemhasachievedyear-on-yeargrowth,andmultipleleadingcustomershavebeensecuredfordesignatedprojects.Theelectronicfuelpumpproducthasachievedbatchproductionformultipledomesticandforeigncustomerprojects,andseveralkeycustomerprojectsarebeingadvanced
simultaneously.Themillimeter-waveradarbusinesshasestablishedaclosestrategicpartnershipwithBosch,activelypromotingin-depthcooperationinthemarket,technology,andsupplychain.Itisexpectedtoachievemassproductionwithintheyear.Theautomotiveseatproductshaveachievedlarge-scalemassproductionforkeyprojectsofbothpassengerandcommercialvehiclesandareinarapidgrowthphase.Moreover,positiveprogresshasbeenmadeincorecomponentinnovationtechnologies,suchasthelongsliderailinnovationtechnology.Greenhydrogenenergyproducts:Thesalesvolumeofmetalbipolarplateshasgrownrapidly,obtainingmultiplecustomerdesignatedprojectsandmetalsingle-celldevelopmentprojects,whileactivelyexploringoverseasmarkets;BOPproductssuchaselectronicwaterpumpsandejectorshaveobtainedmultiplecustomerprojectdesignations;completedthedeliveryof100-kilowattPEMhydrogenproductionequipmentandthefirstelectrolyticwaterhydrogenproductiondemonstrationprojectinWuxi-theWeifuPEMhydrogenproductionindustrialapplicationproject-hasbeenputintooperationandstartedup.
2.DroveproductiterationandacceleratedR&DimplementationEnergysavingandemissionreductionproducts:Thereliabilityverificationofthedual-fuelinjectorandgaspressureregulationmodulefortheenginewascompleted,andthefirstsampleontheproductionlinewassuccessfullyproduced；Theperformancetestoftheenginewithhigh-pressuremethanolinjectionsystemwascompleted;Theignitionandbasicperformancetestsofthehydrogendirectinjectioninjectorenginehavebeencompleted.Thepost-treatmentproductshavecompletedthedevelopmentofmultiplehybridpassengervehiclemodelsandexportprojects,expandedthedevelopmentofcommercialvehiclesandnon-roadapplications,anddevelopedmethanolengineproducts.Wehavealsoactivelycarriedoutthedevelopmentofpost-treatmentpackaging,catalysts,andsystemintegrationtomeettheNationalVIIemissionstandards.Theturbochargerproductsareacceleratingthedevelopmentofcustomerprojectsforgasolinehybridpassengervehiclesanddieselandnaturalgascommercialvehicles,achievingbatchproductionforsomekeycustomerprojects,andexpandingandsupplyingmethanolturbochargerproductstokeycustomers.IntelligentElectricProducts:The120Welectronicoilpumpplatformhascompletedproductdevelopmentandachievedmassproduction,the48Velectronicoilpumpcustomerprojecthasachievedbatchproduction.Thesuspensionmotorpumpprojecthasbeenawardedaprojectorderfromaleadingcustomerandconductedtechnicalexchangeswithmultiplecustomersandareadvancingtheprojectorderprocess.Thedevelopmentof3Dcornerradarisprogressingsmoothlyandisacceleratingitsindustrialization.The4Dimagingradariscontinuouslyadvancingindevelopmentoptimizationandindustrialapplication.GreenHydrogenProducts:TheCompanyissteadilyadvancingthedevelopmentofPEMelectrolysiswaterhydrogenproductionsystemplatformtechnologyandproducts,aswellasthedeliveryofcustomerprojects.Thecommissioningoftheelectrolyticwatercatalystproductionlinehasbeencompleted,andtheiterativedevelopmentoftheelectrolyticwatermembraneelectrodeproductshasbeenaccomplished.Completethedevelopmentofthe35MpabottlevalveBsampleandinitiatetypeapproval,andcontinuouslypromotethedevelopmentandapplicationofbottlevalves,pressurereducingvalvesandotherproducts;Thefuelcellbusinesscontinuestoenhancetheperformanceanddurabilityofmembraneelectrodes,andpromotesthedevelopmentandindustrializationofkeyBOPcomponentssuchaselectronicwaterpumps,thermostats,andhydrogencirculationpumps.
3.OptimizedstrategicplanninganddeepenedinvestmentcooperationIntermsofstrategicplanning:Focusonadvancingthestrategicpre-researchworkrelatedtothewithdrawaloftheIPOapplicationandmarkettargets;conductplanningresearcharoundtheproductareasofthehumanoidrobotindustrytosupportandpromotethecompany'sexternalcooperationandinternalR&Dstrategicactions;activelypromotethecomprehensivedeepeningofstrategiccooperationwithBosch;strengthentheimplementationandadvancementofthecompany'sstrategicgoalsandstarttheworkonthe15thFive-YearPlan.Intermsofinvestmentandcooperation:AdvancethecooperationwithBolongonthefullactivesuspensionmotorhydraulicpumpproject;promotetheimplementationofjointventureandcooperationprojectssuchasWFSSRadarandGermanVoithhydrogenstoragebottlesandmaintainpartnerships;activelyexplorepotentialtargetprojectssuchashumanoidrobots,automotiveseats,andcorecomponentsofthechassisdomain;deepenthecooperationwithstrategicpartnerssuchasBoschinintelligentbusinessandhydraulicbusiness.Continuouslyimproveinvestmentmanagementandpost-investmentevaluationwork,andconstantlyimprovethemanagementsystemoftheInvestmentCommittee.
4.StrengthenedthequalitysystemandadvancingintelligentmanufacturingCarriedoutannualqualityinitiativesfocusingonqualitysystems,preventivecontrols,processmanagement,problemresolution,andteamdevelopment;prioritizedthestandardizationofqualityissueresolutionandtheenhancementofpersonnelcompetencyacrosstalenttiers;refinedqualityrequirementsfortheprojectdevelopmentphase,andestablishedaqualitymanagementmodelfromsampletoSOP+;implementedqualityempowermentandcollaborativemanagementforkeybusinessdomainsanddevelopmentprojects.ReleasedtheGroup’sprocessplanningroadmap,reviewedandcategorizedexistingprocesstechnologies,anddefinedcapabilityimprovementtargets.LaunchedtheWeifuQualityManagementPlatformproject,completedthebusinessblueprint,anddesignedthefunctionalmodulesforPhaseI.Continuedtodrivedigitalandintelligenttransformation,withWFACnewenergyelectricdriveworkshoppassingthenationalLevel4IntelligentManufacturingCapabilityMaturityAssessmentandbeingrecognizedasa“NationalIntelligentManufacturingModelFactory.”PromotedtheapplicationofFMSandTMSsystemsacrosstheGroup’sbusinessdivisionsandsubsidiaries;extendedthedigitalfactorymodeltoWFTTandadvancedthedesignofintegratedprojectblueprints;expandedtechnicalsupportandcoresystemcoveragetooverseassubsidiariesanddevelopedanoperationandmaintenanceplanfortheoverseasdatacenter;facilitatedtheapplicationofAItechnologiessuchasDeepseekinenterprisescenarios,reviewedandassessednewscenariorequirements,andcompleteddevelopmentofmultipleprojects.ProgressedsteadilyonconstructionprojectsincludingPhaseVIofthe103PlotPlant,theHydrogenEnergyIndustrialPark,andtheHuishanChang’anIndustrialPark.
5.EnhancedoperationalqualityandstrengthenedriskmanagementOptimizedtheoperationalmonitoringandanalysismechanism,reinforcedthe“OneReport,OneMeeting”andOPLmanagementpractices;advancedthereviewanddocumentationofresponsibilitiesandprocessesfornewbusinessdivisions;andcoordinatedtheextensionofinstitutionalprocessestooverseassubsidiaries.Streamlinedfinancialdomainpoliciesandprocesses,identifiedbusinessrisksandimplementedupdates,andimprovedprocessefficiency.Continuedtoconductproductprofitabilityanalyses,establishedacostpenetrationanalysissystem,andintegratedmarket-basedsettlementintomonthlybusinessdivisionreviews;strengthenedassetleasinganddisposalevaluations.Alleviatedcostpressuresthroughinventoryoptimizationandmaterialsubstitution,whiledrivingprocessimprovementsandresourcerecyclingtooffsetlong-termcostpressures.Completedsuppliercategorymapping,determinedrisksuppliersbasedonsupplyvalueandproducttypes,identifiedhigh-risksuppliersandoptimizationopportunities,andprovidedsupportforsupplychainstrategyadjustments.ContinuedtoadvanceSRMplatform,monitoritsoperationaleffectiveness,andimplementongoingimprovements.Furtherenhancedtheriskcontrolsystem,continuouslyimprovingriskmanagementcapabilitiesandstrengtheningthereview,control,andresponsetoriskeventsatalllevels.Instrategicemergingbusinessesandkeyprojects,enhancedtalentacquisitionandoptimizedtalentstructure;organizedtargetedtrainingprogramssuchasEnglishproficiencyand“ExcellentEngineer”initiatives,conductedadvancedtrainingforhigh-skilledintelligentmanufacturingtalent,establishedskill-levelenhancementtrainingprograms,andpromotedthedevelopmentofthe“SanHangYiJiang”talentinitiative.Continuedtopromotethecultivationofinternationaltalent,formulatedinternationalassignmentpolicies,anddispatchedmanagementpersonneltooverseassubsidiaries.
BODofWEIFUHIGH-TECHNOLOGYGROUPCO.,LTD.
26August2024