Wafangdian Bearing Compnay Limited The Q1 Report for 2021(Main Text)
Stock code: 200706 stock short form: Wazhou B Report code: 2021-11
Wafangdian Bearing Company Limited
The First Quarterly Report for 2021
(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.
All directors attended the Board meeting and discussed the report.
Chairman of the Board Mr. Liu Jun, Financial manager Ms.Sun Najuan, Accounting charger Ms.Zhang Yajing hereby
confirms that the Financial Report of the quarterly report is true and complete.
§ 2 Company's basic situation
I .Major accounting data and financial indexes
Whether the company needs to retroactively adjust or restate previous accounting data
Applicable Inapplicable
Unit: RMB yuan
Jan-Mar 2021 Jan-Mar 2020 +/- to previous
Operating income(Yuan) 413,507,921.87 393,595,783.19 5.06%
Net profits attributed Shareholders(Yuan) 2,486,349.89 3,564,162.27 -30.24%
Net profit (yuan) deducting non-recurring gains
and losses attributable to shareholders of the 2,242,469.73 3,086,300.14 -27.34%
listed company
Net cash flows from operation activities -27,699,435.57 18,583,796.31 -249.05%
Basic gains on per share 0.01 0.01 0.00%
Diluted gains on per share 0.01 0.01 0.00%
Weighted average return on equity(yuan) 0.30% 0.29% 0.01%
2021.3.31 2020.3.31 +/- to previous
Total assets(yuan) 3,125,828,611.91 3,133,942,842.94 -0.26%
Owners’ equity (shareholders’ equity)(yuan) 816,491,476.42 814,004,967.89 0.31%
Items of non-recurring gains and losses
Applicable □ Inapplicable
Unit: RMB yuan
Amount from the beginning
Items of the year to the end of the Note
reporting period
Non-current assets disposal of profits and losses(Including the offset part
-1,007,067.07
of the provision for assets impairment provision)
Gains and losses included in the current period of government subsidies,
excluding those government grants which are closely related to normal
1,212,169.22
business and in line with national policy, or in accordance with fixed
standards or quantities
Profit of loss from debts restructuring 594,244.41
1
Wafangdian Bearing Compnay Limited The Q1 Report for 2021(Main Text)
In addition to the normal business of the company effective
hedging related business, tradable financial assets, derivative
financial assets, tradable financial liabilities, changes in the fair
value of the derivative financial liabilities to generate profits and 13,867.66
losses, as well as the disposal of tradable financial assets,
derivative financial assets, tradable financial liabilities, derivative
financial liabilities and other creditor's rights investment returns
Other non-business income and expenditures other than the above -526,296.38
Influenced amount of income tax 43,037.68
Total 243,880.16 --
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.
II .Total number of shareholders at the end of the report period and shares held by the top ten shareholders
1、Table of the total number of common shareholders and the number of preferred shareholders and the
shareholding status of the top 10 shareholders
Unit:: Share
Total number of shareholder at the end Total number of shareholder at the end of report
5,896 0
of report period period with preferred stock (if any)
The holdings of the top 10 shareholders
Impawned or Frozen Shares
Total shares Non-current
Name Nature Ratio
held shares held
Status Amount
Wafangdian
State-owned
Bearing Group 60.61% 244,000,000 244,000,000
shareholder
Corporation
AKTIEBOLAGET Foreign
19.70% 79,300,000
SKF shareholder
China Merchants
State-owned
Securities Hong 1.86% 7,480,691
shareholder
Kong Limitied
Domestic
Huang Junyue 1.72% 6,913,668
shareholder
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
GUOTAI JUNAN
Foreign
SECURITIES(HON 0.34% 1,366,800
shareholder
GKONG) LIMITED
BOCI
Foreign
SECURITIES 0.33% 1,310,000
shareholder
LIMITED
Domestic
Jin Yunhua 0.19% 750,000
shareholder
Domestic
Meng Qingliang 0.18% 734,548
shareholder
MAN,KWAI Domestic
0.18% 713,101
WING 文贵荣 shareholder
Top Ten Tradable Shareholders
Name Current shares held at end of year Category of Shares
2
Wafangdian Bearing Compnay Limited The Q1 Report for 2021(Main Text)
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
China Merchants Securities Hong Kong
7,480,691 B 7,480,691
Limitied
Huang Junyue 6,913,668 B 6,913,668
Hu Xiaofeng 1,879,277 B 1,879,277
GUOTAI JUNAN
1,366,800 B 1,366,800
SECURITIES(HONGKONG) LIMITED
BOCI SECURITIES LIMITED 1,310,000 B 1,310,000
Jin Yunhua 750,000 B 750,000
Meng Qingliang 734,548 B 734,548
MAN,KWAI WING 713,101 B 713,101
Zhou Lin 575,100 B 575,100
Explanation for the Affiliated Relations or
United Action of the Top Ten There was no relationship and consistent activities between the first big shareholder and other
shareholders or the top ten common stock holders; The relationship among other shareholders, top ten
Shareholders and the Top Ten Tradable circulation shareholders, top ten circulation shareholders and other shareholders was not clear.
Shareholders
Whether the top 10 common shareholders of the company and the top 10 common shareholders of the company with unlimited
conditions of sale shall carry out the agreed repurchase transaction during the reporting period
□ Yes √No
The top 10 common shareholders of the company and the top 10 common shareholders with unlimited conditions of sale did not
carry out the agreed repurchase transaction during the reporting period.
2. Table of the total number of preferred shareholders and the shareholding status of the top 10 preferred
shareholders
Applicable Inapplicable
§ 3 Significant items
1 The changes of main financial data and financial indicators in the reporting period and the reasons
√Applicable□Inapplicable
Unite:10000 yuan
Closing Opening (+/_)
Item Reasons for Change
Amount Amount Ratio
prepayments 11,054 5,377 105.6% Semi-finished products supplier an increase of 55.12 million
yuan in advance
Other receivables 203 1,420 -85.7% Travel, business activities deposit loan in this period have to
submit an expense account
inventory 83,844 61,566 36.2% Mainly finished goods are beginning an increase of 186.43
million yuan, the raw material is beginning an increase of 45.05
million yuan, semi-finished products fell 8.7 million yuan at the
beginning
Right to use assets 113 - On the basis of new lease criterion, network on rental housing
confirmation to use assets
10,175 3,946 157.9% According to the provisions of the new guidelines will advance
Contract liability payments without tax part weight classification as contract
liability, this period deferred revenue increased dramatically
Deal with the employee 2,598 5,268 -50.7% Paid in current period of provision of merit pay 23.55 million
compensation yuan
Payable taxes 927 369 151.2% VAT is beginning an increase of 658 yuan, the property tax to
reduce 900000 yuan
Other payables 7,444 12,948 -42.5% Payment to the supplier 46 million yuan
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Wafangdian Bearing Compnay Limited The Q1 Report for 2021(Main Text)
Other current liabilities 1,207 513 135.3% According to the provisions of the new guidelines will be
deferred revenue tax part classification for other current
liabilities, debt contract is the initial increase in other current
liabilities will increase
Lease liability 127 - On the basis of new lease criterion, network on rental housing
lease a liability
Tax and additional 445 310 43.5% Mainly attached VAT tax increases
Cost of sales 3,484 2,378 46.5% Mainly freight, poor travelling expenses from the previous
increase
Management fees 2,093 1,068 96.0% Mainly organization adjustment to current wage growth and
insurance
Research and development 3,144 4,623 -32.0% Current research and development projects and different lead to
costs the project schedule of the previous period
Non-operating income 6 225 -97.3% This fine of revenue from a year earlier
Non-business expenses 86 12 616.7% Main is fine
Profit total 249 356 -30.1% Tax and additional year-on-year increase of 1.35 million yuan.
Four cost year-on-year increase of 6.38 million yuan, operating
margin year-on-year increase of 8.96 million yuan
Other related to business 1,327 144 821.5% Receive customer deposit more for this issue.
activities of cash received
Paid to the worker and the 11,039 7,281 51.6% Paid in current period of wages and insurance gold to increase
cash to pay for the worker from a year earlier.
Pay various taxes 1,456 947 53.7% This period of pay value added tax and business tax was
increased over the same period last year.
Other related to business 8,455 3,229 161.8% Paid in current period customer margin in this presentation,
activities of cash payment balance of payments in the same item presentation over the same
period last year
Disposal of fixed assets, 69 - This issue received sheyang county in sale of fixed assets.
intangible assets and other
long-term assets recovery net
cash
Borrow money received in 9,900 6,000 65.0% This short-term borrowing to increase from a year earlier.
cash
Other related to the financing - 4,157 -100.0% In the same period last year to receive loans.
activities of cash received
Repayment of the debt to pay 7,100 - This period to repay the loan to pay cash to increase from a year
in cash earlier.
The impact of exchange rate 49 85 -42.4% Affected by currency movements.
movements of cash and cash
equivalents
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
4
Wafangdian Bearing Compnay Limited The Q1 Report for 2021(Main Text)
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. The financial asset investment
（1）Particular about security investment
Applicable □Inapplicable
5
Wafangdian Bearing Company Limited The Q1 Report for 2020
Unit: RMB Yuan
Changes in
Included in the
the fair
value at cumulative Profit and Source
The initial Accounting value of the Current Current Book value at
Types of the changes in the loss in the Accounting s of
Code abbreviations cost of measurement current purchase sold the end of the
securities beginni fair value of the reporting subjects fundin
investment model period amount amount period
ng rights and period g
profit and
interests
loss
Domestic Transaction debt-
The fair
and 60100 Chongqing iron 228,046.0
overseas 5 and steel
567,033.30 value
0
13,867.66 -325,119.64 0.00 0.00 13,867.66 241,913.66 al financial for-e
stock
measurement assets quity
228,046.0
Total 567,033.30 -- 13,867.66 -325,119.64 0.00 0.00 13,867.66 241,913.66 -- --
0
The securities investment for
examination and approval of the
board of directors announcement
date
For examination and approval of the
securities investment shareholders
announcement date (if any)
（2）Particular about derivatives
□Applicable √Inapplicable
There is no derivative investment during the reporting period.
5.Progress of investment projects with raised funds
□Applicable √Inapplicable
6.On June 1-2021 business performance
Forecast to the next reporting period at the beginning of the final cumulative net profit may be a loss or substantial change of year-on-year warning and reasons.
□Applicable √Inapplicable
7.Daily business major contracts
□Applicable √Inapplicable
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Wafangdian Bearing Company Limited The Q1 Report for 2020
8.Entrust financial management
□Applicable √Inapplicable
The report period of the company does not exist entrusted financial management.
9.Illegal external guarantee
□Applicable √Inapplicable
There is no violation of external guarantee during the reporting period.
10. 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.
11. Activities on receiving research, communication and interview in the report period
Applicable Inapplicable
The company during the reporting period, there was no reception activities such as research, communication and interview.
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