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Weifu High-Technology Group Co Ltd

Weifu High-Technology Group Co., Ltd. researches, develops, produces, and sells automotive products in China. It operates through four segments: energy saving and emission reduction, intelligent electric drive, green hydrogen energy, and industry and others. The company offers fuel injection systems, exhaust post-treatment systems, intake systems, and hydrogen energy and fuel cell parts, as well as motor shafts, electronic pumps, car seat assemblies, radars, forklift hydraulic systems, and mechanical vacuum pumps. It also exports to the Americas, Southeast Asia, the Middle East, and other international markets. Founded in 1958, it is headquartered in Wuxi, China.

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Weifu High-Tech's 2026 interim report shows net profit of 836 million yuan, up 19.17% year-on-year

Weifu High-Tech released its 2026 interim report, with total operating revenue of 6.577 billion yuan, up 14.18% year-on-year, and net profit attributable to the parent company of 836 million yuan, up 19.17% year-on-year. Net cash inflow from operating activities was 935 million yuan, up 89.75% year-on-year. The company's asset-liability ratio was 32.09%, and gross margin was 17.78%, an increase of 0.50 percentage points compared with the same period last year. Diluted earnings per share were 0.87 yuan, up 20.83% year-on-year. The number of shareholders was 62,700, and the top ten shareholders held 43.99% of the total share capital.
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Weifu High-Tech Chairman Yin Zhenyuan Resigns, Rong Bin Takes Over as Vice Chairman and Acting Chairman

Yin Zhenyuan, chairman of Wuxi Weifu High-Tech Group, has resigned due to work adjustments. Rong Bin has been appointed vice chairman and will assume the duties of chairman on an acting basis. On July 26, 2026, the company received Yin Zhenyuan's written resignation, in which he stepped down as chairman, legal representative, director, and chairman of the board's strategy committee. After his resignation, he will no longer hold any position in the company or its controlled subsidiaries and does not hold any company shares. On the same day, the company's 11th board of directors elected Rong Bin as vice chairman at its 19th meeting and appointed him to carry out the duties of chairman, legal representative, and chairman of the board's strategy committee. This acting arrangement will remain in place until the board elects a new chairman. The company will complete the procedures for director by-election, chairman election, and industrial and commercial registration changes as soon as possible.
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