Willfar Information Technology Co., Ltd.(“Willfar” or “the Company”) established in 2004, which is one of the earliest professional manufacturer enterprises in smart utilities industry in China. The Company concentrates on providing synthetical application solution of Internet of Things, and commits to reshape the mode of metering power, water, gas, heat and other energy resources by applying the Internet of Things technology.
Willfar dominates the design and manufacture of modular power information acquisition terminal, energy data acquisition terminal adopted ARM platform and Linux operating system, communication relay products which are compatible with multiple products. Besides, the company takes the lead in the application of multiple meter reading, LoRa micro power long-distance wireless communication, DMA zone metering and other technologies and systems in provincial capital cities and large enterprises. The Company has obtained over 600 patents, including over 70 patents for invention.
The company has collected energy information for more than hundred million domestic users and about ten-million overseas users, the sales network covers more than 30 provinces in China and Africa, Asia, Europe and other major global market. Our major clients, such as State Grid, China Southern Power Grid Company, China Petroleum, Siemens, Huawei and other enterprises, highly approve our products and services. According to the statistical results of the winning bids of State Grid and China Southern Power Grid over the years, our products come out in front, which belongs to the primary echelon enterprise in the industry.
| Full name | Willfar Information Technology Co., Ltd. |
|---|---|
| Abbreviations | Willfar |
| Code | 688100 |
| Founded | 2004-05-08 |
| Listing | 2020-01-21 |
| Domicile | Changsha, Hunan |
| Website | www.willfar.com |
| tzzgx@willfar.com | |
| STAR Theme | New Generation IT |
| CSRCSector | Information transmission, software and IT |
| Has weighted voting rights structure? | None |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Earnings Per Share | 0.39 | 0.34 | 0.28 |
| R&D expenditure as a % of operating revenue | 7.13% | 8.21% | 7.67% |
| Operating Revenue | 1,038.64 | 995.09 | 680.31 |
| Net Income | 177.16 | 153.36 | 80.50 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Operating Revenue | 1,038.64 | 995.09 | 680.31 |
| Operating Costs | 699.21 | 640.79 | 494,25 |
| Operating Income | 199.83 | 167.42 | 76.01 |
| Pretax Income | 200.85 | 175.50 | 88.64 |
| Income Tax | 23.69 | 22.15 | 8.13 |
| Net Income | 177.16 | 153.36 | 80.50 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 1,491.14 | 1,235.95 | 1,165.44 |
| Non-current Assets-Total | 412.82 | 421.55 | 305.42 |
| Total Assets | 1,903.97 | 1,657.51 | 1,470.85 |
| Liabilities | |||
| Current Liabilities-Total | 561.87 | 492.20 | 525.61 |
| Non-current Liabilities-Total | 4.27 | 4.65 | 134.51 |
| Total Liabilities | 566.15 | 496.85 | 660.12 |
| Stockholder's Equity | |||
| Share Capital | 968.42 | 968.42 | 320.08 |
| Retained Profits | 361.81 | 184.76 | 490.66 |
| Minority interests | 7.58 | 7.48 | - |
| Total Owners' Equity | 1,337.82 | 1,160.66 | 810.73 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Net Cash Flows-Operating | 239.10 | 179.06 | 88.54 |
| Net Cash Flows-Investing | -47.52 | -117.96 | 228.66 |
| Net Cash Flows-Financing | - | 8.00 | -425.77 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| Wasion Group Limited | 183.33 | 36.67% |
| Power Well Creation Limited | 109.24 | 21.85% |
| Changsha Langjia Enterprise Consultation Partnership (Limited Partnership) | 76.50 | 15.30% |
| Ji Wei | 26.99 | 5.40% |
| Kat Chit | 13.49 | 2.70% |
| Changsha Zhuohe Enterprise Management Consultation Centre (Limited Partnership) | 10.11 | 2.02% |
| Changsha Ruitong Enterprise Management Consultation Centre (Limited Partnership) | 10.11 | 2.02% |
| Changsha Yaocheng Enterprise Management Consultation Centre (Limited Partnership) | 10.11 | 2.02% |
| Changsha Mingqi Enterprise Management Consultation Centre (Limited Partnership) | 10.11 | 2.02% |
| Huatai Wasion Group No.1 Star Market Employee Stock Ownership Collection Property Management Project | 5.00 | 1.00% |
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