Stock Code: 000581, 200581 Public Notice No: 2023-011
Short Form of the Stock: WFHT, Su Weifu-B
Weifu High-Technology Group Co., Ltd.
Summary ofAnnual Report 2022
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 read the full-text of annual report that published on media appointed by CSRC.
All directors attended the Meeting of the Board for Annual Report 2022 deliberation.
Prompt of non-standard audit opinion
□Applicable ？ Not applicable
Profit distribution plan of common stock or public reserve transfer into share capital deliberated 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 capital of 983,173,293, distributed
1.00 Yuan (tax included) bonus in cash for every 10-share hold by all shareholders, 0 share bonus issued (tax included) and no public
reserve transfer into share capital either.
Profit distribution 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 listing 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 business or products introduction in the reporting period
(i)Main business of the Company
The Company is engaged in the research and development, production and sales of core automotive parts and
components. During the reporting period, the main products are diesel fuel injection system products, exhaust gas
after-treatment system products and air intake system products. Meanwhile, the core components of the fuel cell
products of the Company have been produced and marketed in small batches.
1. The diesel fuel injection system products are widely applied to diesel engines of all grades of power, to support
various types of trucks, buses, construction machinery, marine, agricultural machinery, generator sets, etc. The
products can satisfy the National VI and Off-road Stage IV emission regulations for vehicles, and are in the
leading position within the industry in terms of product variety, production scale, market share, etc. While making
efforts to match with domestic main engines, some products have been exported to America, Southeast Asia, the
Middle East and other regions.
2. exhaust gas after-treatment system products can satisfy the National VI and Off-road Stage IV emission
regulations for vehicles. The products are in the leading position domestically in terms of technology level, market
scale and production capacity, and are widely used in the fields of passenger cars, commercial vehicles, off-road
machinery, etc., which can provide strong support for the product upgrading of main engine manufacturers.
3. Air intake system products (superchargers), can satisfy the National VI, Off-road Stage IV emission regulations
for vehicles, the application range covers multiple fields such as commercial vehicles, passenger cars,
construction machinery, agricultural machinery and generator sets, providing support for major domestic OEMs
and vehicle manufacturers.
4. The core components of the fuel cell products, including membrane electrode, graphite bipolar plate, metal
bipolar plate and key BOP components are used for supporting domestic and overseas fuel cell reactor and system
manufacturers.
(ii) Business model of the Company
The Company follows the business philosophy of “Making Fine Products, Creating Famous Brands and
Achieving Common Growth in Values” and implements the business model of unified management by the parent
company and decentralized production by the subsidiaries. The parent company is responsible for formulating
strategic development plans and business objectives, and providing unified management, guidance and assessment
to the subsidiaries in terms of finance, major personnel management, core raw materials, quality control,
technology development, etc. Subsidiaries arrange production based on the order management model of the
market, which not only enables the subsidiaries to maintain uniform product quality,
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