Wafangdian Bearing Compnay Limited The First Quarterly Report for 2012 (Main Text)
Stock code: 200706 stock short form: Wazhou B Report code: 2012-03
Wafangdian Bearing Company Limited
The First Quarterly Report for 2012
(Main Text)
§1 Important Notes
1.1 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.
1.2 No director, supervisor and top management has objections on the report.
1.3 Besides the following directors, all the other directors attended the Board meeting and discussed the report.
Name Post Reasons Assignee name
Fang Bo Director Due to the busy work Rakesh Makhija
Zhang Qiluan Independent Director Due to the busy work Liu Yuping
1.4The first quarterly financial report of 2012 has not been audited.
1.5 Chairman of the Board Mr. Wang Lushun, Financial manager Ms.Sun Najuan, Accounting charger Ms. Yao Chunjuan
hereby confirms that the Financial Report of the quarterly report is true and complete.
§2 Company Profile
2.1 Major accounting data and financial indexes
Unit: RMB
Increased/decreased scope
Items By the end of reprot period By the end of last year
(%)
Total assets (RMB) 3,551,661,937.84 3,533,795,515.58 0.51%
Oweners’ equities attributable to the shareholders of
1,508,099,717.45 1,489,759,638.87 1.23%
listed company (RMB)
Share capital (Share) 402,600,000.00 402,600,000.00 0.00%
Net assets per share attributable to the shareholders
3.75 3.70 1.35%
of listed company (RMB/Share)
Increased/decreased scope
The report period The same period of last year
(%)
Total operating income (RMB) 840,627,157.93 864,068,390.44 -2.71%
Net profit attributable to the shareholders of listed
18,340,078.58 29,878,527.48 -38.62%
company (RMB)
Net cash flow arising from operating activities (RMB) 114,887,852.76 59,414,581.04 93.37%
Net cash flow arising from the operating activities per
0.29 0.15 93.33%
share (RMB/Share)
Basic earnings per share (RMB/Share) 0.05 0.07 -28.57%
Diluted earnings per share (RMB/Share) 0.05 0.07 -28.57%
Weighted average return on equity (%) 1.22% 2.06% -0.84%
Weighted average return on equity after deducting 1.23% 1.99% -0.76%
1
Wafangdian Bearing Compnay Limited The First Quarterly Report for 2012 (Main Text)
non-recurring gains/losses (%)
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 160,319.10
Others non-operating revenue and expense besides the above items -227,248.95
Profit of loss from debts restructuring -2,022.46
Total -68,952.31 -
2.2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders with unrestricted conditions
Unit: Share
Total number of shareholders at the end of report
8,883
period
Particulars about the shares held by the top ten shareholders with unrestricted conditions
Full name of shareholder Unrestricted shares held Types of share
AKTIEBOLAGET SKF 79,300,000 Domestically listed foreign share
GAOLING FUND,L.P. 7,325,355 Domestically listed foreign share
Huang Junyue 3,703,200 Domestically listed foreign share
Ma Yuancheng 742,325 Domestically listed foreign share
MAN,KWAI WING Wen Guirong 713,101 Domestically listed foreign share
Merchant Securities (HK)Co,. Ltd 557,253 Domestically listed foreign share
Chen Zhongwu 532,800 Domestically listed foreign share
Hei Youxin 512,559 Domestically listed foreign share
BOCI SECURITIES LIMITED 498,138 Domestically listed foreign share
Yang Yufei 466,030 Domestically listed foreign share
§3 Significant items
3.1 Particulars about material changes in items of main accounting statement and financial index, and explanations
of reasons
√Applicable □Inapplicable
1.Notes receivable rise 33%, mainly due to the company's sales increased debt collection receive bills, and the control of payment to
supplier.
2.Account in advance fell by 86%, is mainly to check the arrival steel in time.
3.Other current assets fell by 39%, is mainly because this provision for income tax 2.23 million Yuan, which cause income tax in this
period decline.
4.Notes payable, rose 107% main because the notes payable in this period increase.
5.Tax payable rise 81%, mainly because the VAT rise than at the beginning of 4.28 million.
6.The non-current liabilities which reach to the deadline within one year decline 65%, ,mostly the company long-term loans with a $90
million credit turn into short-term borrowing.
7.Investment income fell 68.79%, the main reason is the net profits of associated enterprises SKF drop
8.Non-operating income fell 77.45%, mainly because the profit of dealing with fixed assets decline 830 million Yuan compared with
previous period.
9.Income tax expenses fell 67.91%, mainly because the total profit of this period drop 10.08 million Yuan compared with previous
period, and the income tax rate drop from 25% to 15% ( the tax rate of provision for the same period last year is 25%).
2
Wafangdian Bearing Compnay Limited The First Quarterly Report for 2012 (Main Text)
3.2 Progress of significant events, their influence, and analysis and explanation of their solutions
3.2.1 Qualified opinion
□Applicable √Inapplicable
3.2.2 Particular about fund offers to controlling shareholders or associated parties and external guarantee that
againsts the regulation
□Applicable √Inapplicable
3.2.3 Particular about signing and implementation on significant contracts of ordinary management
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Implementations of commitments by the Company, shareholders and actual controllers
The commitment of following matters made by the company and its directors, supervisors and senior management personnel, more than 5%
shareholding company shareholder and the actual controller, and other relevant party during the report period to report period or continued.
□Applicable √Inapplicable
3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason
□Applicable √Inapplicable
3.5 Particulars about the other significant events that needed explanations
3.5.1 Particular about security investment
□Applicable √Inapplicable
3.5.2 Activities on receiving research, communication and interview in the report period
Time Site Method Object Content and documents supplied
Telephone
January 12, 2012 Office Private investor The general information of the company
communication
Telephone
February12, 2012 Office Private investor The general information of the company
communication n
3.6 Particulars about derivatives investment
□Applicable √Inapplicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period
□Applicable √Inapplicable
3
