Wafangdian Bearing Compnay Limited The Q1 Report for 2019
Stock Code: 200706 Stock Short Form: Wazhou B Report Code: 2019-08
Wafangdian Bearing Company Limited
The First Quarterly Report for 2019
(Main Text)
§ 1 Important Notes
The Board of Directors, Board of Supervisors, directors, supervisors, and top management of the Company hereby
guaranteed that there are no false records, misleading statements, and major omits in this report, and assumed the individual
and associated responsibilities for the truth, accuracy and completeness of the contents.
Besides the following directors, all the other directors attended the Board meeting and discussed the report.
Name Post Reasons Assignee name
Liu Yuping Independent Diretor Busy work Wen Bo
Liang Shuang Independent Diretor Busy work Sun Kun
Chairman of the Board Mr. Meng Wei, Financial manager Ms.Sun Najuan, Accounting charger Ms.Sun Najuan hereby
confirms that the Financial Report of the quarterly report is true and complete.
§ 2 Major accounting data and shareholder change
1 Major accounting data and financial indexes
Whether the company needs to retroactively adjust or restate previous accounting data
√Applicable Inapplicable
Retroactively adjust or restate the reason
Accounting policy change
Unit: RMB
Jan-Mar 2018 +/- to previous
Jan-Mar 2019 Before the After the
After the adjustment
adjustment adjustment
Operating income(Yuan) 475,596,504.32 486,916,871.06 486,916,871.06 -2.32%
Net profits attributed Shareholders(Yuan) 3,072,545.00 1,020,973.46 1,020,973.46 200.94%
Net profit (yuan) deducting non-recurring
gains and losses attributable to shareholders 53,267.40 -1,874,291.16 -1,874,291.16 -102.84%
of the listed company
Net cash flows from operation activities -40,453,537.22 60,684,129.17 60,684,129.17 -166.66%
Basic gains on per share 0.0080 0.003 0.0030 166.67%
Diluted gains on per share 0.0080 0.003 0.0030 166.67%
Weighted average return on equity(yuan) 0.22% 0.07% 0.07% 0.15%
2018.12.31 +/- to previous
2019.3.31 Before the After the
After the adjustment
adjustment adjustment
Total assets(yuan) 3,249,655,930.90 3,219,926,745.82 3,219,926,745.82 0.92%
Owners’ equity (shareholders’ equity)(yuan) 1,383,100,225.64 1,386,515,848.17 1,386,515,848.17 -0.25%
2017 promulgated by the Ministry of Finance to “the Accounting Standards for Enterprises No. 22 - Recognition and Measurement of Financial
Instruments”(Finance and Accounting [2017]No. 7), “the Accounting Standards for Enterprises No. 23 - Transfer of Financial Assets (Finance and
Accounting [2017]No. 8), “the Accounting Standards for Enterprises No. 24 - Hedging Accounting”( Finance and accounting [2017]No. 9), “the
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Wafangdian Bearing Compnay Limited The Q1 Report for 2019
Accounting Standards for Enterprises No. 37 - Presentation of Financial Instruments” (Finance and Accounting [2017] No. 14), requirement of
domestic listed companies shall enter into force as of January 1, 2019 new financial instruments accounting standards.
On June 15, 2018 promulgated by the Ministry of Finance “on the Revised Printed and Distributed to 2018 annual General Corporate Financial
Statements Format Notice”(Finance and Accounting [2018] no. 15 )(hereinafter referred to as the "Finance and Accounting [2018] 15"), calling for
the accounting standards for enterprises to non-financial companies according to the revised general enterprise financial report format (applicable
to not implement new financial rules and new income criterion of enterprises) to prepare its financial statements. In accordance with the above
notice and the provisions and requirements of the above accounting standards for enterprises, the company shall make corresponding changes to
the original accounting policies.
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Items of non-recurring gains and losses Amount Note（if applicable）
Gain or loss form disposal of non-current assets -1,339.32
Gains and losses included in the current period of government subsidies, excluding those
government grants which are closely related to normal business and in line with national 1,842,138.97
policy, or in accordance with fixed standards or quantities
Profit of loss from debts restructuring 610,883.60
Other non-business income and expenditures other than the above 921,795.28
Influenced amount of income tax 354,200.93
Total 3,019,277.60 -
For the company according to the "Company Information Disclosure of Securities for Public Issuance Explanatory Announcement No. 1 -
Non-Recurring Profit and Loss "define non-recurring gains and losses as defined in the project, and put the "company information disclosure of
securities for public issuance explanatory announcement No. 1 - non-recurring profit and loss of non-recurring profit and loss items "defined as
listed in the current profits and losses of the project, should be explained the reasons.
Applicable Inapplicable
During the reporting period of the company, there is no circumstance that the non-recurring profit and loss items listed in the explanatory notice no.
1 -- non-recurring profit and loss of the company information disclosure of publicly issued securities are defined as recurring profit and loss items.
2 Total number of shareholders at the end of the report period and shares held by the top ten shareholders
Unit: Share
Total number of shareholder at the end of report period with
Total number of shareholder at the end of report period 6,552 0
preferred stock
Shareholders with 5% or above Shares
Impawned or Frozen Shares
Total shares Non-current
Name Nature Ratio
held shares held
Status Amount
Wafangdian Bearing
State-owned shareholder 60.61% 244,000,000 244,000,000
Group Corporation
AKTIEBOLAGET SKF Foreign shareholder 19.70% 79,300,000
China Merchants
Securities Hong Kong State-owned shareholder 1.74% 7,020,138
Limitied
Huang Junyue Domestic shareholder 1.59% 6,390,668
Hu Xiaofeng Domestic shareholder 0.47% 1,879,277
GUOTAI JUNAN
SECURITIES(HONGKO Foreign shareholder 0.35% 1,412,406
NG) LIMITED
Jin Yunhua Domestic shareholder 0.33% 1,311,256
Chen Haitao Domestic shareholder 0.19% 750,896
MAN,KWAI WING Foreign shareholder 0.18% 713,101
Meng Qingliang Domestic shareholder 0.17% 694,948
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Wafangdian Bearing Compnay Limited The Q1 Report for 2019
Top Ten Tradable Shareholders
Category of Shares
Name Current shares held at end of year
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
China Merchants Securities Hong Kong Limitied 7,020,138 B 7,020,138
Huang Junyue 6,176,158 B 6,176,158
Hu Xiaofeng 1,879,277 B 1,879,277
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 1,441,206 B 1,441,206
Jin Yunhua 1,311,256 B 1,311,256
Chen Haitao 750,896 B 750,896
MAN,KWAI WING 713,101 B 713,101
Meng Qinglliang 587,584 B 587,584
Zhou Lin 575,100 B 575,100
Explanation for the Affiliated Relations or There was no relationship and consistent activities between the first big shareholder and other
United Action of the Top Ten shareholders or the top ten common stock holders; The relationship among other shareholders,
Shareholders and the Top Ten Tradable top ten circulation shareholders, top ten circulation shareholders and other shareholders was
Shareholders not clear.
§ 3 Significant items
1 Particulars dates changes over 30% in items of main accounting statement and financial index , and explanations of
reasons
√Applicable□Inapplicable Unite: 0000RMB Yuan
Closing Opening (+/_) (+/_)
No. Item Reasons for Change
Amount Amoount Amoumount Ratio
Liaoyang bearing received 59.63 million yuan from
1 Other Receivables 3,564 9,226 -5,661 -61.4%
Liaoyang Land Acquisition and Storage Center
It is the short-term loan interest that does not have
Other payables-Interest
2 17 75 -58 -77.4% maturity to pay at the beginning of the plan basically is
payable
750,000 yuan
Research and This is mainly due to the increase in the cost of product
3 154 94 59 62.7%
development expense research and development abroad
During the same period, wuxi branches recovered 13,000
Loss of impairment of
4 - -1 1 -100.0% yuan of receivables of Wuxi Simles Petroleum Special
assets
Pipe Manufacturing Co., LTD
In this period, 798 thousand yuan is allocated for the
5 Other Income 184 108 76 69.9% project of fully automatic testing line before the railway
truck bearing ring is installed
Proceeds from disposal of It is the same period last year to confirm the sale of real
6 - 24 -24 -100.0%
assets estate prandang shop income of 240,000 yuan
7 Non-operating expense 7 2 5 267.6% Non-operating expenses of subsidiaries
Mainly, Liaoyang bearing received 59.63 million yuan
Other cash received
from liaoyang land acquisition and storage center and 1.2
8 relating to operating 6,148 61 6,087 9950.4%
million yuan from shenyang jinhongyun material recycling
activities
Co., LTD
Cash paid for goods and
9 15,412 5,283 10,129 191.7% Increased payments to suppliers.
services
The main reason is that the VAT paid has decreased by
14.05 million yuan year-on-year,real estate tax and land
10 Tax payments 1,150 2,548 -1,398 -54.9%
use tax will be paid quarterly instead of monthly from
January 1, 2019, down by 860,000 yuan year-on-year.
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Wafangdian Bearing Compnay Limited The Q1 Report for 2019
In this period, Liaoyang bearing paid 59.63 million yuan of
Other cash paid relating to loan and interest compensation to baolin company, and
11 9,618 2,583 7,035 272.4%
operating activities paid 9 million yuan of group lease fee and trademark use
fee
Net cash received from This period received 800,000 yuan of equipment from
disposal of fixed assets, Haerbin Ruiying Metal Materials Recycling Co., LTD., and
12 80 125 -45 -36.1%
intangible assets and other 1,251,000 yuan of property income from the sale of dalian
long-term assets during the same period
Cash paid to acquire fixed
The main reason is that the payment to suppliers has
13 assets, intangible assets 108 68 40 58.5%
increased in this period
and other long-term assets
Cash Repayments of Mainly affected by the inverted loan, so that the current
14 5,000 9,206 -4,206 -45.7%
Amount Borrowed payment of debt to reduce cash on a year-on-year basis
Cash paid for other Mainly is easy to reach financing and orders under the
15 4,200 12,472 -8,272 -66.3%
financing activities currency financing repayment year-on-year decrease
Effects of foreign
Mainly is the US dollar against the RMB exchange rate
16 exchange rate changes on -97 -74 -23 31.4%
continues to decline, exchange losses increased
cash
2 Progress of significant events, their influence, and analysis and explanation of their solutions
□Applicable √Inapplicable
Implementation progress of share repurchase
□Applicable √Inapplicable
Implementation progress of share buyback reduction through centralized bidding
□Applicable √Inapplicable
3 The company, shareholders, actual controller, the acquirer, directors, supervisors and senior management
personnel or other related parties to fulfill commitments and the final report has not been fulfilled in the reporting
period
□Applicable √Inapplicable
During the reporting period of the company, there are no commitments made by the actual controller, shareholders, related parties, acquirers and
other relevant parties of the company that have not been fulfilled within the reporting period.
4 Estimation of accumulative net profit from Jan to June 2019
It is predicted that the accumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a warning and
explanation of reasons for a substantial change compared with the same period of the previous year
□Applicable √Inapplicable
5 Particular about security investment
□Applicable √Inapplicable
There is no security investment in the company during the reporting period.
6 Particular about derivatives
□Applicable √Inapplicable
There is no derivative investment during the reporting period.
7 Activities on receiving research, communication and interview in the report period
Time Method Object Content and documents supplied
2019.02.25 Telephone communication Private investor The company's production and operation situation
2019.03.15 Telephone communication Private investor The company's production and operation situation
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Wafangdian Bearing Compnay Limited The Q1 Report for 2019
8 Illegal external guarantee
□Applicable √Inapplicable
There is no violation of external guarantee during the reporting period.
9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable √Inapplicable
During the reporting period of the company, there is no non-operating capital occupied by the controlling shareholder or its related parties to the
listed company.
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