Stock Code: 000581, 200581 Public Notice No: 2022-010
Short Form of the Stock:WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Summary of Annual Report 2021
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company, investors should found in the full-text of annual report that publis hed on media appointed by
CSRC.
Alldirectors are attend the Meeting of the Board for Report deliberation.
Prompt of non-standard audit opinion
□Applicable √ Not applicable
Profit dis tribution plan of common stock or public reserve transfer into share capitaldeliberated by the Board in the reporting period
√Applicable □Not applicable
Transfer of public reserve into share capital
□Yes √No
The profit distribution plan that deliberated and approved by the Board is: based on total share capita l of 1,008,603,293, distributed
16 Yuan (tax included) bonus in cash for every 10-share hold by all shareholders, 0 share bonus issued (tax inc luded) and no public
reserve transfer into share capitaleither.
Profit dis tribution 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 lis t ing 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
E-mail Web@weifu.com.cn Web@weifu.com.cn
2. Main businessor products introduction in the reporting period
(i)Main businessof the Company
Main business of the Company including R&D, production and sales on the automotive core component products,
core products during the reporting period were diesel fuel injection system products, automotive exhaust
after-treatment system products and air management system products. Meanwhile, products with core components
of fuel cell have achieved small 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 national emission standards.
2. The automotive exhaust after-treatment system products are supporting all major automobile manufactures in
China. And the products meet the 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 national emission standards.
4. Core component of the fuel cell, including “one membrane & two plates” (membrane electrodes, graphite
bipolar plates, metal bipolar plates) and BOP key components for domestic and foreign fuel cell reactor and
system manufacturers.
(ii) Business modelof 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 Company’s economic benefits.
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