WEIFU HIGH-TECHNOLOGY GROUP CO., LTD. SEMI-ANNUAL FINANCIAL REPORT 2025 WEIFU HIGH-TECHNOLOGY GROUP CO., LTD. Semi-Annual Financial Reprot 2025 (Unaudited) August 2025 1 WEIFU HIGH-TECHNOLOGY GROUP CO., LTD. SEMI-ANNUAL FINANCIAL REPORT 2025 I. Audit report Whether the semi annual report is audited □Yes No The Company's semi- annual financial report has not been audited II. Financial statement Statement in Financial Notes are carried in RMB/CNY 1. Consolidated Balance Sheet Prepared by Weifu High-Technology ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.3600 | 0.5600 | -35.71 | 0.4300 | | 每股净资产（元） | 20.29 | 19.88 | 2.06 | 17.91 | | 每股公积金(元) | 3.27 | 3.3 | -0.91 | 3.37 | | 每股未分配利润(元) | 15.93 | 15.57 | 2.31 | 13.62 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 28.34 | 29.03 | -2.38 | 31.44 | | 净利润(亿元) | 3.54 | 5.49 | -35.52 | 4.15 | | 净资产收益率(%) | 1.77 | 2.79 | -36.56 | 2.32 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 42500.22万股，累计占流通股比 ...

证券代码: 000581 200581 证券简称：威孚高科 苏威孚 B 公告编号: 2025-004 无锡威孚高科技集团股份有限公司 关于控股股东增持公司股份计划实施完成的公告 公司控股股东无锡产业发展集团有限公司保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 二、增持计划的完成情况 截至2025年2月21日，无锡产业集团通过深圳证券交易所集中竞价交易方式累计增 持公司3,859,501股A股股份，占公司总股本约为0.38%，累计增持金额约为人民币 7,018.75万元（不含手续费），本次增持计划已实施完成。 本次增持计划实施前，无锡产业集团持有公司209,342,698股A股股份，持有公司股 份比例约为21%。截至本公告披露日，无锡产业集团持有公司213,202,199股A股股份， 持有公司股份比例约为21.38%。 1 三、其他相关说明 近日，无锡威孚高科技集团股份有限公司（以下简称"公司"）收到控股股东无锡 产业发展集团有限公司（以下简称"无锡产业集团"）出具的《关于股份增持计划实施 完成的告知函》， ...

WEifU咸孚 无锡威孚高科技集团股份有限公司 2 2024 年半年度报告 2024 年 08 月 无锡威孚高科技集团股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人尹震源、主管会计工作负责人冯志明及会计机构负责人（会计 主管人员）吴俊飞声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划等前瞻性描述不构成公司对投资者的实质承诺， 投资者及相关人士均应当对此保持足够的风险认识，敬请投资者注意投资风险。 公司在本报告"管理层讨论与分析"中，描述了公司未来经营可能面临的风 险和应对措施，敬请广大投资者注意查阅。 公司经本次董事会审议通过的利润分配方案为：以 971,986,293 股为基数， 向全体股东每 10 股派发现金红利 2.20 元（含税），送红股 0 股（含税），不以 公积金转增股本。本次利润分配方案实施时，如享有利润分配权的股份总额发 生变动 ...

公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 中国 . 江苏 . 无锡 Wuxi . Jiangsu . China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn Auditor's Report Su Gong W【2024】No. A366 To the Shareholders of Weifu High-Technology Group Co., Ltd.: 1. Auditing opinions We have audited the financial statement under the name of Weifu High-Technology Group Co., Ltd. (hereinafter referred to as WFHT), including the consolidated an ...

Financial Performance - The company achieved operating revenue of 6.13 billion CNY in the first half of 2023, a decrease of 14.12% compared to the same period last year[19]. - The net profit attributable to shareholders was 949 million CNY, down 13.05% year-on-year[19]. - The company's operating revenue for the reporting period was ¥6,129,649,047.40, a decrease of 14.12% compared to ¥7,137,172,857.97 in the same period last year[51]. - The net profit attributable to shareholders for the same period was ¥948,760,859.55, down 13.05% from ¥1,091,126,480.08 year-on-year[73]. - The net profit after deducting non-recurring gains and losses was ¥830,878,251.37, a decline of 26.30% compared to ¥1,127,408,939.53 in the previous year[73]. - The company reported a total comprehensive income of 1,043,554,373.34, compared to 1,116,108,918.92 in the previous period[154]. - The total comprehensive income for the period was 909,178,628.46, reflecting a significant decrease compared to the previous period[200]. Production and Sales - In the first half of 2023, the production and sales of commercial vehicles reached 1.967 million and 1.971 million units, respectively, representing year-on-year growth of 16.9% and 15.8%[42]. - The production and sales of passenger vehicles reached 13.248 million and 13.239 million units, with year-on-year growth of 9.3% and 9.8%[17]. - The sales of new energy vehicles reached 3.788 million units, with a year-on-year increase of 42.4%, capturing a market share of 28.3%[19]. - The passenger vehicle production and sales in the first half of 2023 reached 11.281 million and 11.268 million units, respectively, representing year-on-year growth of 8.1% and 8.8%[82]. Research and Development - Research and development investment is a key focus, with ongoing projects in low-carbon alternative fuel injection systems and hydrogen fuel cell components[48]. - The company has completed the production consistency verification for core materials in its new energy projects, including platinum-carbon catalysts[47]. - The company is actively promoting the application of 48V electric turbochargers in customer research projects[48]. - Research and development expenses increased to CNY 351,887,038.12, up 21.5% from CNY 289,631,376.50 in the first half of 2022[188]. Strategic Initiatives - The company is advancing the construction of its hydrogen energy industrial park as part of its strategic initiatives[21]. - The company plans to enhance its strategic framework and invest in new business areas, including hydrogen energy and electric vehicle components[48]. - The company is focusing on smart manufacturing and the application of cloud computing and 5G technology to support future business development[23]. - The company has established strategic partnerships for 4D imaging radar products and is actively conducting testing and validation with multiple OEM clients[83]. Financial Position - The total assets at the end of the reporting period were ¥28,352,668,665.53, a decrease of 0.62% from ¥28,528,913,065.01 at the end of the previous year[73]. - The net assets attributable to shareholders increased by 4.79% to ¥18,544,382,977.56 from ¥17,696,679,170.72 at the end of the previous year[73]. - The total current assets increased to approximately CNY 15.19 billion from CNY 14.36 billion at the beginning of the year, reflecting a growth of about 5.8%[120]. - The company's cash and cash equivalents as of June 30, 2023, amounted to approximately CNY 2.49 billion, an increase from CNY 2.39 billion at the beginning of the year[120]. Operational Efficiency - The company has implemented various intelligent management systems, including FMS and WMS, to enhance operational efficiency[21]. - The company is enhancing operational efficiency by optimizing accounting processes and improving risk management capabilities[85]. - The company follows a unified management model at the parent company level while allowing subsidiaries to manage production based on market orders, enhancing product quality and operational efficiency[79]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 71,080, with the largest shareholder, Wuxi Industrial Development Group Co., Ltd., holding 20.35% of shares, totaling 204,059,398 shares[106]. - The total number of shares held by the top ten shareholders includes significant foreign investments, with Robert Bosch GmbH holding 14.25% of shares, totaling 142,841,400 shares[106]. - The company repurchased a total of 25,000,000 shares, accounting for 2.48% of the total share capital, with a total payment of approximately RMB 469.72 million[101]. Cash Flow and Financing - The company achieved a net cash flow from operating activities of ¥351,887,038.12, an increase of 21.49% compared to ¥289,631,376.50 in the previous year[51]. - The company reported a net cash inflow from investment activities of CNY 244,240,067.48, compared to CNY 1,556,579,998.88 in the previous period[186]. - The company experienced a net cash outflow from financing activities of CNY -1,253,388,210.29, contrasting with a net inflow of CNY 1,338,690,663.84 in the prior period[186]. - The company paid CNY 3,430,505,040.97 in debt repayments, significantly higher than CNY 1,122,521,453.43 in the previous period[186].

Business Development and Strategy - The company has developed a 3D/4D product platform and established a commercial operation team, aiming for significant breakthroughs in commercialization and exploring investment and acquisition opportunities[1]. - The company is focusing on niche markets such as trunk logistics, enhancing local service capabilities, and building large-scale industrial capabilities through strategic partnerships[1]. - The core components business for in-cabin products has entered the mid-to-high-end commercial vehicle market, emphasizing high performance and cost-effectiveness, while also extending into the mid-to-high-end passenger vehicle market[1]. - The hydraulic systems and core components business is a strategic focus, with a joint venture established with Bosch Rexroth to expand into mobile and industrial hydraulic markets[2]. - The company aims to enhance product market performance by ensuring order delivery for common rail pumps and expanding market share for VE pumps, while also targeting new customer projects in various sectors[6]. - The company is accelerating the acquisition of new business, customers, and projects, particularly in electric drive components and fuel cell parts, ensuring quality delivery to existing clients[7]. - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[39]. - The company aims to leverage its technological expertise to drive innovation in the automotive sector[39]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[52]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase production capacity by 40% and reduce operational costs by 15%[52]. - The company plans to enhance its digital marketing efforts, aiming for a 50% increase in online sales channels by the end of 2024[52]. - A new partnership with a leading automotive manufacturer is expected to generate an additional 1 billion RMB in revenue over the next three years[52]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 34 billion RMB for the fiscal year 2023, representing a year-over-year growth of 15%[52]. - The total operating revenue for 2023 was approximately ¥11.09 billion, a decrease of 12.9% compared to ¥12.73 billion in 2022[96]. - The total operating costs for 2023 were approximately ¥10.77 billion, down 14.0% from ¥12.53 billion in 2022[96]. - The net profit for 2023 was approximately ¥1.91 billion, compared to ¥190.95 million in 2022, indicating a significant increase[96]. - Research and development expenses for 2023 amounted to approximately ¥667.87 million, an increase of 14.8% from ¥581.49 million in 2022[96]. - The company reported a significant increase in investment income for 2023, totaling approximately ¥1.70 billion, compared to ¥1.85 billion in 2022[96]. - The gross margin improved to 35%, up from 32% in the previous year, reflecting better cost management and pricing strategies[52]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on current market trends and product demand[52]. Governance and Management - The company has made significant revisions to its governance documents, including two amendments to its Articles of Association, to enhance its internal control and governance structure[24]. - The company maintains a fully independent operational structure from its controlling shareholder, ensuring no competition in core business areas and clear delineation of responsibilities[25]. - The company has a dedicated financial department with an independent accounting system, ensuring compliance with tax obligations and financial management[29]. - The company has a robust internal control system in place, continuously optimizing its processes to identify and manage operational risks effectively[24]. - The company’s governance practices align with regulatory requirements, ensuring no significant discrepancies exist between its governance status and the standards set by regulatory authorities[24]. - The management team includes experienced professionals with backgrounds in engineering and business management, contributing to the company's strategic direction[40]. - The company has conducted multiple investor communication activities, including 1371 telephone communications and written inquiries, to discuss its fundamentals and market outlook[20]. - The company is committed to maintaining transparency and engaging with shareholders through regular meetings and disclosures[31]. Employee and Workforce Management - The company has a total of 5,759 employees, with 2,636 in the parent company and 3,123 in major subsidiaries[61]. - The company has established a long-term service award to encourage employee retention and attract high-quality talent[63]. - The company has a performance management system that closely links total salary with business results[63]. - The company has 542 employees with a graduate degree or above, and 1,724 with a bachelor's degree[62]. - The company has implemented a training plan to enhance employee capabilities and support digital transformation[64]. - The company has no retired employees requiring financial support, indicating a stable workforce[61]. Environmental Compliance and Sustainability - The company has complied with environmental regulations, maintaining valid pollutant discharge permits, with the latest permit valid until March 26, 2028[111]. - The company has implemented comprehensive wastewater treatment facilities, ensuring compliance with national discharge standards[110]. - The total amount of chemical oxygen demand discharged was 23.948 tons, within the approved discharge limit of 78 tons, indicating compliance with environmental standards[112]. - The company has made significant investments in environmental protection, ensuring compliance with air and water pollution standards, and has maintained a leading level of environmental investment in the industry[125]. - All main products of the company have met the current national emission regulations, and the company is actively preparing products to comply with stricter future regulations[126]. - The company has conducted emergency response drills for environmental incidents, improving its emergency measures based on evaluations of these drills[121]. - The company has developed a comprehensive environmental self-monitoring plan, which has been reviewed and filed with local environmental authorities[124]. Risk Management - The company is actively monitoring macroeconomic conditions and market risks, aiming to strengthen its core competitiveness and overall risk resilience[14]. - The company is facing potential operational management and investment risks due to its accelerated international expansion and the broadening scope of strategic new businesses, particularly in the renewable energy sector[15]. - The company has established a comprehensive risk management framework to address credit, market, and liquidity risks associated with its financial instruments, ensuring that risks are monitored and controlled within acceptable limits[17]. - The company is actively enhancing its market forecasting capabilities and optimizing supply chain management to mitigate the risks associated with raw material price fluctuations, which include steel, aluminum, and precious metals[16]. - The company emphasizes the importance of risk awareness regarding future operational challenges and investment risks[157]. Related Party Transactions - The company reported a related party transaction with Weifu Precision Machinery, accounting for 0.46% of similar transaction amounts, with an approved transaction amount of 56 million yuan[147]. - The company engaged in a related party transaction with Bosch Powertrain, which accounted for 2.97% of similar transaction amounts, with an approved transaction amount of 380 million yuan[147]. - The company reported a related party transaction with Weifu Environmental, which accounted for 10.61% of similar transaction amounts, with an approved transaction amount of 1,051 million yuan[147]. - The company has a related party transaction with Bosch Powertrain for fixed asset procurement, with a transaction amount of 450 million yuan, accounting for 28.32% of similar transaction amounts[150]. - The company has received technical service fees from Bosch Powertrain, with an approved transaction amount of 50 million yuan[150]. - The company has a related party transaction with Bosch Powertrain for technology commission fees, with an approved transaction amount of 150 million yuan[150]. - The company has a related party transaction with Bosch Powertrain for rental fees, with an approved transaction amount of 250 million yuan[150]. - The company has a related party transaction with Bosch Powertrain for technology services, with an approved transaction amount of 250 million yuan[150].

Financial Performance - The report includes a comprehensive analysis of the company's financial performance and key indicators for the first half of 2022[6]. - The total comprehensive income for the current period is 1,645,389,487.32 CNY, reflecting a decrease of 18,712,800.55 CNY compared to the previous period[96]. - The total revenue for the first half of 2022 was approximately CNY 2.41 billion, an increase from CNY 2.17 billion in the same period of 2021, representing a growth of about 11.1%[166]. - The company’s net profit attributable to shareholders was reported as a loss of CNY 1,513,341,439.50, indicating a significant decrease compared to the previous period[191]. - The comprehensive income for the current period amounts to CNY 909,178,628.46, contributing positively to the owner's equity[195]. Governance and Compliance - The management emphasizes the importance of accurate financial reporting and acknowledges potential risks in future operations[12]. - The company has committed to ensuring the authenticity and completeness of the financial report, taking legal responsibility for any misstatements[3]. - The company’s financial statements comply with the requirements of the accounting standards, reflecting a true and complete picture of its financial status and operating results[155]. - The board of directors has confirmed the attendance of all members at the meeting discussing the report[4]. Shareholder and Capital Structure - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company has not disclosed any significant changes in shareholder structure or stock movements during the reporting period[7]. - The total owner's equity at the end of the reporting period is CNY 17,132,600,045.86, with a decrease of CNY 733,264,416.45 during the current period[195]. - The owner's equity at the end of the current period is 19,437,466,566.68 CNY, with a total decrease of 525,235,188.79 CNY during the period[93]. - The company’s total liabilities increased to CNY 1,804,481,411.00 from CNY 1,690,795,178.00, showing an increase of approximately 6.7%[186]. Assets and Liabilities - The company’s total assets at the end of the period were CNY 6,006,785,482.60, reflecting a stable asset base[188]. - The company’s total liabilities at the end of the reporting period are CNY 1,008,950,570.00[193]. - The company’s total assets at the end of the reporting period are CNY 18,978,483,653.70[193]. - The company’s accounts receivable totaled 2,907,347,658.13, with a bad debt provision of 81,465,304.70, representing a provision ratio of 1.76%[84]. Revenue Recognition - The company recognizes revenue from foreign sales upon customs clearance completion, based on the export date stated on the customs declaration[39]. - The company recognizes domestic sales revenue upon delivery and confirmation of goods with the buyer, transferring risks and rewards at that point[53]. - The company applies the expected value or most likely amount method to determine variable consideration in contracts with customers[38]. Inventory and Impairment - The company has reduced its inventory stock by 49,425,996.76 CNY, contributing to improved liquidity[93]. - The inventory balance at the end of the period is CNY 709,886,475.14, with a provision for inventory impairment of CNY 116,703,542.91[165]. - The company reported an increase in the provision for inventory impairment, with specific provisions based on the estimated net realizable value being lower than the book value[166]. Taxation - The company enjoys a preferential corporate income tax rate of 15% for high-tech enterprises[75]. - The company’s total tax rates include 25% for corporate income tax in Denmark and 20% in the United States[67]. - The company has benefited from a reduced corporate income tax rate of 15% for its operations in the western region, as per government policy[97]. Investments and Subsidiaries - The company has subsidiaries involved in manufacturing engine parts, automotive components, silencers, purifiers, and fuel cell components[179]. - The company has invested in new technologies, including fuel cell components, with subsidiaries like IRD Fuel Cells A/S and Borit Inc. focusing on this area[181]. - The investment in joint ventures and associates at the end of the period amounts to CNY 5,582,235,398.4, with an investment income recognized of CNY 824,615,542.59[150]. Cash and Liquidity - The company’s cash and cash equivalents were reported at 1,008,950,570.00, reflecting its liquidity position[69]. - The total cash and cash equivalents at the end of the period amounted to CNY 2,357,955,196.57, an increase from CNY 1,896,063,265.69 at the beginning of the period, representing a growth of approximately 20.4%[101]. - The cash held in overseas accounts totaled CNY 165,582,379.20, up from CNY 69,969,414.25 at the beginning of the period[101]. Risk Management - The management has indicated that future plans and projections are subject to market risks and uncertainties[12]. - The company reported a provision for bad debts based on the expected credit loss model, considering historical repayment data and macroeconomic indicators[62]. - The company has no significant factors affecting its ability to continue as a going concern within the next 12 months[157].

Financial Performance - The company's operating revenue for 2022 was ¥12,729,634,917.03, a decrease of 6.96% compared to ¥13,682,426,710.95 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥118,819,836.30, representing a significant decline of 95.39% from ¥2,575,371,419.80 in 2021[23]. - The net cash flow from operating activities was negative at ¥2,575,742,649.43, a decrease of 510.34% compared to ¥627,712,593.41 in 2021[23]. - Basic earnings per share for 2022 dropped to ¥0.09, down 96.50% from ¥2.57 in 2021[23]. - The total assets at the end of 2022 were ¥28,528,913,065.01, an increase of 2.00% from ¥27,970,858,427.84 at the end of 2021[23]. - The net assets attributable to shareholders decreased by 8.77% to ¥17,696,679,170.72 from ¥19,398,607,689.65 at the end of 2021[23]. - The weighted average return on equity for 2022 was 0.64%, down from 13.67% in 2021, reflecting a decline of 13.03%[23]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1 per 10 shares (including tax) to all shareholders[11]. - The total cash dividend amount, including other methods such as share repurchase, was RMB 496,121,871.93, reflecting a commitment to returning value to shareholders[196]. - The company distributed a cash dividend of RMB 16 per 10 shares, totaling RMB 496,121,871.93, which represents 100% of the total distributable profit of RMB 10,765,319,818.29[194][196]. - The company’s cash dividend distribution plan was executed in June 2022, following the approval of the 2021 profit distribution plan[194]. Market and Industry Trends - In 2022, the automotive industry in China saw production and sales of 27.02 million and 26.86 million vehicles, respectively, representing year-on-year growth of 3.4% and 2.1%[40]. - The commercial vehicle market faced a decline, with production and sales of 3.185 million and 3.3 million units, down 31.9% and 31.2% year-on-year, respectively[40]. - In the passenger vehicle segment, production and sales reached 23.84 million and 23.56 million units, showing year-on-year increases of 11.2% and 9.5%[51]. - New energy vehicles experienced explosive growth, with production and sales of 7.058 million and 6.887 million units, up 96.9% and 93.4% year-on-year, capturing a market share of 25.6%[51]. Operational Challenges - The company has reported significant uncertainties regarding its ability to continue as a going concern, as indicated by negative net profits in recent years[23]. - The automotive industry continues to face significant pressure, and a decline in demand may impact the company's production and profitability[137]. - The company has not experienced any changes in its main business operations since its listing[22]. Research and Development - The company is focusing on the development of hydrogen fuel cell core components and has set up a research institute for new energy and connected technology[58]. - The company’s fuel cell core components have achieved small-scale production and sales, indicating progress in new product development[43]. - The company is committed to technological innovation in areas such as intelligent networking and thermal management systems, maintaining a leading position in key technical indicators[58]. - The company is actively seeking external technology partnerships and investments to accelerate the development of key technologies in hydrogen production and systems integration[109]. - The company is expanding its electric drive system core components business, leveraging advanced manufacturing capabilities and market application[110]. Strategic Initiatives - The company aims to enhance its market share in hybrid and plug-in hybrid products, focusing on high-efficiency and clean alternative fuel technologies[106]. - The company plans to strengthen global business capabilities, particularly in the Asia-Pacific, Europe, and North America regions, to achieve strategic resource sharing[107]. - The establishment of a joint venture, 威孚氢隆, will focus on hydrogen fuel cell components and market development in the Asia-Pacific region[108]. - The company aims to solidify its industry position while accelerating market penetration of new products[117]. - The strategic focus includes optimizing existing core businesses and breaking into emerging strategic sectors, targeting a doubling of scale and high-level profitability during the "14th Five-Year Plan" period[124]. Governance and Management - The company has implemented a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and enhancing internal control systems[133]. - The company has established a robust organizational control framework, with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[134]. - The company emphasizes strict adherence to governance and operational regulations, ensuring timely and efficient decision-making processes[167]. - The company has a clear governance structure that complies with legal and regulatory requirements, ensuring no significant discrepancies[135]. Investor Relations - The company has conducted multiple investor communications, including phone calls and on-site visits, to maintain transparency and engagement with stakeholders[151]. - The company held multiple investor communication sessions throughout 2022, including 8 teleconferences and 2 written inquiries, indicating active engagement with institutional investors[153][154][155][156][157][158][159][160][161]. - The company’s board of directors has consistently fulfilled their responsibilities, with no instances of directors failing to attend meetings consecutively[200]. Human Resources and Talent Development - The company has implemented a talent development strategy focusing on enhancing employee capabilities through various training programs, aiming to improve overall business and technical skills[192]. - The company has established a comprehensive training plan to enhance internal knowledge sharing and improve training effectiveness[192]. - The company has a stock incentive plan approved on November 3, 2020, aimed at motivating and retaining key employees[197]. Financial Management - The company’s financing activities saw an increase in cash inflow from borrowings by 3 billion yuan, while cash outflow for loan repayments increased by 1.8 billion yuan[94]. - The company has a robust risk management framework to address credit, market, and liquidity risks associated with its financial instruments[150].

Financial Performance - The company's operating revenue for 2022 was ¥12.73 billion, a decrease of 6.96% compared to ¥13.68 billion in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥118.82 million, down 95.39% from ¥2.58 billion in 2021[18]. - The net cash flow from operating activities was negative at ¥2.58 billion, a decline of 510.34% compared to ¥627.71 million in 2021[18]. - The basic earnings per share for 2022 was ¥0.09, a decrease of 96.50% from ¥2.57 in 2021[18]. - Total assets at the end of 2022 were ¥28.53 billion, an increase of 2.00% from ¥27.97 billion at the end of 2021[18]. - The net assets attributable to shareholders decreased by 8.77% to ¥17.70 billion at the end of 2022 from ¥19.40 billion at the end of 2021[18]. - The total operating revenue for 2022 was ¥12,729,634,917.03, a decrease of 6.96% compared to ¥13,682,426,710.95 in 2021[52]. - The automotive parts segment accounted for 96.88% of total revenue, generating ¥12,333,099,421.87, down 6.46% year-over-year[52]. - Domestic sales decreased by 10.42% to ¥11,917,440,065.87, while international sales increased by 114.73% to ¥812,194,851.16[52]. Risk Management - The company highlighted the importance of risk awareness regarding future plans and potential operational risks in its management discussion and analysis section[3]. - The company faces significant risks from macroeconomic and market conditions, particularly in the automotive industry, which may impact production and profitability[103]. - The company is enhancing internal management and optimizing processes to mitigate operational and investment risks associated with its international expansion, especially in the new energy sector[103]. - Rising prices of key raw materials, including steel, aluminum, and precious metals, pose a cost risk, prompting the company to improve market forecasting and supply chain management[103]. - The company is committed to risk management related to financial instruments, including credit, market, and liquidity risks, to minimize negative impacts on performance[104]. Corporate Governance - The company has a strong commitment to corporate governance, as evidenced by the attendance of all directors at the board meeting reviewing the annual report[3]. - The company has established a comprehensive governance structure, including specialized committees to ensure effective decision-making and oversight[110]. - The company has revised its governance documents to enhance compliance with legal and regulatory requirements, improving overall governance standards[109]. - The company has established an independent financial department and accounting system, ensuring independent operations and tax compliance[112]. - The company has a clear division of responsibilities among its shareholders' meeting, board of directors, supervisory board, and management, allowing for independent operations[112]. Research and Development - The company is actively developing new products, including hydrogen fuel cell core materials and intelligent sensing modules, to enhance its future business growth[66]. - The company's R&D personnel increased to 1,232 in 2022, a growth of 10.79% compared to 1,112 in 2021[66]. - R&D investment amounted to ¥581,488,711.88 in 2022, a decrease of 2.34% from ¥595,406,951.64 in 2021, while the R&D investment as a percentage of operating revenue rose to 4.57%[67]. - The company is focusing on technological innovation in green hydrogen energy and intelligent electric fields, establishing a research institute for new energy and connected technologies[39]. - The company is working on meeting Euro 7 emission standards with high-pressure common rail pump products, which are currently in customer project development[65]. Environmental Compliance - Wuxi Weifu High Technology Group Co., Ltd. strictly adheres to various environmental protection laws and regulations, ensuring compliance in production operations[157]. - The company has obtained all necessary environmental impact assessments and pollutant discharge permits, with valid permits for key subsidiaries extending until 2027[158]. - Total chemical oxygen demand (COD) emissions were reported at 18.86 tons, with ammonia nitrogen at 2.15 tons, and total phosphorus at 0.03 tons, all within the legal discharge standards[159]. - The company operates a wastewater treatment facility that processes and discharges treated water into municipal sewage systems, maintaining compliance with national standards[160]. - The company has implemented advanced waste gas treatment systems, achieving emissions of non-methane hydrocarbons at 2.14 mg/m³, below the regulatory limit[160]. Strategic Initiatives - The company aims to double its scale and achieve high profitability by focusing on four strategic areas: energy conservation and emission reduction, green hydrogen, smart electric, and other core components[87]. - The green hydrogen strategy includes developing core components for hydrogen fuel cells and renewable energy hydrogen production, with a target of producing 8 million membrane electrodes and 9 million graphite bipolar plates by 2025[89]. - The smart electric segment focuses on core components for electric drive systems and thermal management systems, with plans to enhance product offerings and establish strategic partnerships with leading electric vehicle manufacturers[92]. - The company is actively pursuing strategic investments in the global supply chain, particularly in the millimeter-wave radar module integration segment, to achieve scale-level growth[94]. - The company is enhancing its core components for in-cabin applications, targeting the mid-to-high-end commercial vehicle market, and extending into the mid-to-high-end passenger vehicle market[94]. Shareholder Engagement - The company has conducted multiple investor communications, including 532 phone inquiries and 163 online interactions, to maintain transparency and engagement with stakeholders[106]. - The participation ratio of investors in the 2021 annual general meeting was 40.82%, while the ratio for the first extraordinary general meeting in 2022 was 40.90%[113]. - The total shares held by senior management at the end of the reporting period amounted to 2,484,781 shares, with no changes during the period[115]. - The company has established a performance evaluation mechanism for senior management, linking performance results to compensation and rewards[147]. - The company has maintained a consistent policy regarding the remuneration of its independent directors and senior management[127]. Internal Control and Compliance - The company established an internal control system in accordance with the "Basic Norms for Enterprise Internal Control" and related guidelines, ensuring basic effective execution across all subsidiaries[149]. - The internal control audit report issued on April 28, 2023, confirmed that the company maintained effective financial reporting internal controls in all material respects as of December 31, 2022[154]. - The company has implemented measures to improve internal controls, including hiring internal and external risk control experts and enhancing training to raise risk awareness[151]. - The company has identified internal control deficiencies related to the "platform trade" business and has halted contract execution with related parties[150]. - The company has formed a special task force to address risks associated with the fraud case and is actively working on rectification measures[150]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[124]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase production capacity by 40%[124]. - The company is actively expanding its international cooperation, having established joint ventures with companies like Bosch and Altair, enhancing its global market presence[41]. - The company is expanding its product series, including integrated pumps, valves, and heat exchangers, while enhancing global production and supply capabilities, particularly in Europe and China[93]. - The company is enhancing its market presence in the fuel injection system and after-treatment system sectors, aiming to increase market share and explore new growth points[98].