苏威孚Ｂ：2021年第一季度报告（英文版）

Weifu High-Technology Group Co., Ltd. Text of First Quarterly Report 2021 Section I. Important Notes Board of Directors and the Supervisory Committee ofWeifu High-TechnologyGroup Co., Ltd.(hereinafter referred to as the Company)andits directors, All Directors are attended the Board Meeting for Quarterly Report deliberationWang Xiaodong, Principal of the Company; Ou Jianbin, Person in Charge of Section II. Company Profile I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data □ Applicable √ Not applicable In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to II. Total number of shareholders at the end of this report period and top ten shareholders 1. Common and preferred stockholders with voting rights recover and the top ten share-holding □ Yes √ No The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back 2. Total shareholders with preferred stock held at Period-end and shares held by top ten shareholders with □ Applicable √ Not applicable Section III.Significant Events I. Changes in the main financial data and financial indicators during the reporting period and √ Applicable □ Not applicable (i) Changes and reasons of items in balance sheet： 1. Accounts receivable in the period-end increased 1377.87 million yuan by comparing with end of last year with 48.78 percent up, mainly due to the increase in sales revenue during the reporting period;2. Advance payment in the period-end increased 52.69 million yuan by comparing with end of last year with 3. Other receivables in the period-end decreased 18.02 million yuan by comparing with end of last year with 33.25 4. Other non-current financial assets in the period-end decreased 540.44 million yuan by comparing with end oflast year with 29.93 percent down, mainly due to the more than one year wealth management maturity during the 5. Deferred income tax assets in the period-end increased 78.39 million yuan by comparing with end of last yearwith 39.51 percent up, mainly due to the prepayment of corporate income tax for the investment income and the 6. Short-term loan in the period-end increased 433.10 million yuan by comparing with end of last year with 7. Contract liabilities in the period-end decreased 39.17 million yuan by comparing with end of last year with 8. Wages payable in the period-end decreased 160.09 million yuan by comparing with end of last year with 48.16 9. Taxes payable in the period-end increased 166.03 million yuan by comparing with end of last year with 245.99percent up, mainly due to the increase in quarterly prepayment of corporate income tax during the reporting 10. Non-current liabilities due within one year in the period-end decreased 12.32 million yuan by comparing withend of last year with 33.36 percent down, mainly because the loan repayment at maturity in the reporting period;11. Other comprehensive income in the period-end decreased 18.89 million yuan, mainly due to the conversiondifference of foreign currency statements; (ii) Changes and reasons of items in profit and loss statement： 1. Operating income in the period increased 1928.05 million yuan from a year earlier with 69.55 percent up, 2. Operating cost in the period increased 1604.61 million yuan from a year earlier with 71.30 percent up, mainly due to the rapid growth of the company’s three major system businesses; 3. R&D expenses in the period increased 44.2 million yuan from a year earlier with 59.15 percent up, mainly 4. Investment income in the period increased 191.74 million yuan from a year earlier with 52.87 percent up, 5. Gains from changes in fair value in the period decreased 86.54 million yuan from a year earlier, mainly becausethe fair value of other equity investment, such as Guolian Securities etc. declined from a year earlier; 6. The total profit in the period increased 348.68 million yuan from a year earlier with 58.84 percent up, mainlybecause benefiting from the boom in the automotive industry, especially the commercial vehicle market, the (iii) Changes and reasons of items in cash flow statement： 1. Net cash flow arising from operation activity in the period decreased 548.75 million yuan from a year earlier,mainly becausethe increase in sales revenue and the payment due date has not arrived; 2. Net cash flow arising from investment activity decreased 395.47 million yuan from a year earlier, mainly 3. Net cash flow arising from financing activity increased 707.17 million yuan from a year earlier, mainly due tothe payment in 2020 caused by the repurchase of A shares by means of centralized bidding and the bank II. Analysis and explanation of significant events and their influence and solu