Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Code: 200706 Stock name: Wazhou B No. 2012-10
Wafangdian Bearing Company Limited
2012 Midyear Report Abstract
§ 1. Important Notes
1.1 The Board of Directors, board of supervisors, directors, supervisors, and top management of
the Company hereby guaranteed that there were no false record, false statement of misleading data,
and major omits in this report, and took the individual and associated responsibilities for the truth,
accuracy and completeness of the contents.
This midyear report abstract is from the whole midyear report, and the whole midyear report is
published on www.cninfo.com.cn. Details refer to the whole midyear report.
All directors are attending the board meeting.
1.2 This midyear financial report was not audited.
1.3 Chairman Mr. Wang Lushun, finance controller Mrs. Sun Najuan and financial charger Mrs.
Yao Chunjuan guaranteed the truth, completeness of the financial report in the midyear report.
§ 2 Basic situation of the listed company
2.1 Brief Introduction to basic situation
Abbreviated name of the stock Wazhou B
Stock Code 200706
Listing location of the stock Shenzhen Stock Exchange
Authorized Stock and Security
Secretary of the board of directors
Affairs Representative
Name Sun Najuan Su Shaoli
No. 1 Beigongji Street, Wafangdian No. 1 Beigongji Street, Wafangdian City,
Correspondence address
City, Liaoning Province, China Liaoning Province, China
Tel. 0411-39116369 0411-39116731
Fax 0411-39116738 0411-39116738
E-mail address zwz2308@126.com zwz2308@126.com
1
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
2.2 Main financial data and indicators
2.2.1 Main accounting data and financial indicators
Unit: RMB Yuan
At the end of current At the end of previous +/-（％）comparing with the previous
period period period
Total assets 3,619,556,728.62 3,533,795,515.58 2.43%
Owner’s equity 1,520,136,919.21 1,489,759,638.87 2.04%
Net asset on per share 402,600,000 402,600,000 0%
Debt Asset ratio 3.78 3.70 2.16%
+/-（％）comparing with the previous
2012.01.01-2012.06.30 2011.01.01-2011.6.30
period
Total operating revenue 1,617,746,695.03 1,757,865,663.28 -7.97%
Operating profits 31,868,660.6 59,374,200.82 -46.33%
Total profit 33,429,844.45 63,961,198.24 -47.73%
Net profits attribute to the shareholder 30,377,280.34 53,579,496.41 -43.3%
Net profits with abnormal profits and losses deducted 28,816,096.49 48,992,498.99 -41.18%
Basic gains on per share 0.08 0.13 -38.46%
Diluted gains on per share 0.08 0.13 -38.46%
Net returns on assets (%) 2.02% 3.64% -1.62%
Net returns on assets with abnormal profits and
1.91% 3.33% -1.42%
losses deducted (%)
Net cash flow from the operation activities 148,855,325.74 91,389,270.77 62.88%
Net cash flow from the operation activities on per
0.37 0.23 60.87%
share
2.2.2 Items of abnormal profit and loss
√ Applicable □Not applicable
Unit: RMB Yuan
The item of the abnormal profits and losses Amount Note
Profits and losses relating to disposal of fixed assets 644,282.54
Other non-operating incomes and expenses with the provisions for impairment
of assets depreciation deducted according to the enterprises’ routine -183,894.73
accounting system
Profits and losses relating to the debt restructure 1,100,796.04
Total 1,561,183.85
2.2.3 Difference between CAS and IAS
□Applicable √ Not applicable
§ 3 Information on equity changes and shareholders
3.1 Equity changes in the report period
□ Applicable √Not applicable
3.2 The top 10 main shareholders and top 10 current shareholders registered prior to June 30, 2012
Unit: share
2
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Total shareholders at the end of June 30,2012 8,825
Top ten shareholders’ status
Non-circulation Impawned and frozen shares
Name Nature Proportion Total shares
shares status shares
Wang Fangdian Bearing Group State-owned
60.61% 244,000,000 244,000,000
Corporation shareholder
Foreign
AKTIEBOLAGET SKF 19.7% 79,300,000 0 frozen 79,300,000
shareholder
Foreign
GAOLING FUND,L.P. 1.82% 7,325,355 0
shareholder
Huang Junyue Others 0.89% 3,600,000 0
Ma Yuancheng Others 0.18% 742,325 0
MAN,KWAI WING 文贵荣 Others 0.18% 713,101 0
Chen Zhongwu Others 0.13% 532,800 0
Hei Youxin Others 0.13% 512,559 0
Merchant securities Hong Kong State-owned
0.12% 483,538 0
Company shareholder
Yang Yufei Others 0.12% 466,030 0
(1)Wafangdian Bearing Group Corporation(Compay’s parent company) hold 244 million shares,
which takes up 60.61%,(2) AKTIEBOLAGET SKF is company’s strategic investor, who held 79.3
Statement of shareholders thousand shares, takes up 19.7%. In the report period, the frozen period of the shares purchased by
the company’s strategic investor AKTIEBOLAGET SK expired in 1999, and has not dealt with the
releasing-procedure in this report period. (3)The other shares are current shareholders
the top 10 current shareholders
Name Amount Type
AKTIEBOLAGET SKF 79,300,000 B
GAOLING FUND,L.P. 7,325,355 B
Huang Junyue 3,600,000 B
Ma Yuancheng 742,325 B
MAN,KWAI WING 文贵荣 713,101 B
Chen Zhongwu 532,800 B
Hei Youxin 512,559 B
Merchant securities Hong Kong Company 483,538 B
Yang Yufei 466,030 B
YHG INVESTMENT, L.P. 409,218 B
There is no relationship and consistent activities between the first big
shareholder and the top ten current shareholders in the major ten
The explanation on the relationship and consistent activities shareholders of the company, The relationship among other
between above shareholders shareholders, top ten current shareholders, top ten current shareholders
and other shareholders is not clear .strategic investor or general legal
person become the top 10 shareholder because of ration new shares.
3.3 Changes of the holding shareholders and the actual controller
□applicable √Not applicable
§ 4 Information on equity changes and shareholders
4.1 Introduction to Directors and Supervisors and top management
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Shares Increase Decre Shares Include:
Holding in in this ase in Holding in share option
Name Position the period this the Limited in the Changing reason
year-begin period year-ending year-ending
ning shares
Wang Lushun Chairman 0 0 0 0 0 0 0
Cong Hong Vice-Chairman 0 0 0 0 0 0 0
Shao Yang General Manager 0 0 0 0 0 0 0
Zhang
Director 0 0 0 0 0 0 0
Xinghai
Secretaryof
Sun Najuan Session,General 0 0 0 0 0 0 0
accountant
Chen Jiajun Director 0 0 0 0 0 0 0
Fang Bo Director 1500 0 0 1500 1125 0 0
Rakesh
Director 0 0 0 0 0 0 0
Makhija
Wang Huabin Independent Director 0 0 0 0 0 0 0
Wang Keyi Independent Director 0 0 0 0 0 0 0
Zhang Qiluan Independent Director 0 0 0 0 0 0 0
Liu Yuping Independent Director 0 0 0 0 0 0 0
President of
Sun Maolin Supervisory 0 0 0 0 0 0 0
Committee
Wang Longjie Supervisor 0 0 0 0 0 0 0
Qu Rongjun Supervisor 0 0 0 0 0 0 0
Meng Wei Supervisor 0 0 0 0 0 0 0
Yao Chunjuan Supervisor 0 0 0 0 0 0 0
Gao
Vice-G.M. 0 0 0 0 0 0 0
Yongyang
Hua Yuehong Vice-GM 0 0 0 0 0 0 0
§ 5 Work report of Board meeting
5.1 The main business of industry and product
Unit: RMB’0000 Yuan
The information on the main business according to industry
Increase/ Increase/
Increase/
Business Profit decrease of the decrease of
Items Business income Business cost decrease of
ratio（%） business income business profit ratio
business cost (%)
(%) (%)
Export 136,789,260.11 137,835,006.35 -0.76% 48.59% 47.67% 0.63%
Domestic 495,964,564.24 440,341,915.64 11.22% -10.21% -9.7% -0.5%
Including: Transit bearing 282,818,191.38 237,585,214.27 15.99% -1.84% -0.76% -0.92%
Special-used bearing 403,687,524.75 350,746,226.95 13.11% -0.31% -0.36% 0.04%
General –used bearing 53,811,589.56 59,693,569.81 -10.93% -25.35% -18.08% -9.84%
Industrial earnings 136,789,260.11 137,835,006.35 -0.76% 48.59% 47.67% 0.63%
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
The information on the main business according to product
Bearings 1,319,259,540.48 1,166,508,363.21 11.58% -1.36% -0.5% -0.77%
Components 53,811,589.56 59,693,569.81 -10.93% -25.35% -18.08% -9.84%
5.2 Main business of regions
Unit: RMB’0000 Yuan
Region Operating revenue +/-（%）comparing with previous
Exporting 136,789,260.11 48.59%
Domestic sales 1,236,281,869.93 -6.17%
5.3 The explanation on major changes in main business and its structure
□applicable √Not applicable
5.4 Explanation on the major changes in profitability of main business (gross margin) comparing with
the previous year
□applicable √not applicable
5.5 Analysis on major changes in profits’ structure comparing with previous year
□applicable √not applicable
5.6 Information on the application of B-share fund
5.6.1 The using of B-share fund
□applicable √not applicable
5.6.2 Information on change of items
□applicable √not applicable
5.7 the modified operating plan of board of directors in the second half year of 2012.
□applicable √not applicable
5.8 Warning and explanation that predicts the accumulated net profit may be loss from year-beginning
to the next report period-end ,or changes too much comparing with the previous year .
□applicable √not applicable
5.9 Board of directors’ explanation on the “non-standard opinions” offered by certified public
accountants in the previous report period.
□applicable √not applicable
5.10 Board of directors explanation on changes and processing of the related issues in the
“non-standard auditing report ” offered by certified public accountants in the previous report period.
□applicable √not applicable
§ 6 Important events
6.1Purchase of assets , sale of assets and assets reorganization
6.1.1 purchase of assets
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
□applicable √not applicable
6.1.2 Sale of assets
□applicable √not applicable
6.1.3 The progress of the issues, and its effect on operating result and financial position in report
period while announcing of the Assets Restructure Report , Acquisition or Sales of Assets.
□applicable √not applicable
6.2 Significant guarantee items
□licapplicable √not appable
6.3 The business of non-operating associated obligation and claims
□applicable √not applicable
6.4 Major lawsuits and arbitration
□applicable √not applicable
6.5 Other important issues and its influence , and the explanation on resolving proposal
□applicable √not applicable
6.5.1 Security investment
□applicable √not applicable
6.5.2 The situation of holding stocks of other listed companies
□applicable √not applicable
6.5.3 The special explanation and the independent opinions showed by the independent directors for
the situation of capital employment by the related parties and the external guarantee
□applicable √not applicable
6.5.4 The performance of undertakings by company, shareholders and actual controller.
The following matters commitment of listed company, directors, supervisors, and senior managers,
shareholders with more than 5% shares and controllers within the report period or till to the report
period.
□applicable √not applicable
6.5.5 Plan of profit distribute or capital reserve transforms to stock.
□applicable √not applicable 6.5.
6.5.6 Other general revenue items
There are no other general revenue.
6.6 The investigation, communication and interview, etc. in the current period
6
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Time Site Method Object Content and documents supplied
Telephone The general information of the
February 2,2012 Office Private investor
communication company
Telephone The general information of the
February 24,2012 Office Private investor
communication company
Telephone The general information of the
April 10,2012 Office Private investor
communication company
Telephone The general information of the
May 30,2012 Office Private investor
communication company
§ 7 Financial statement
7.1 Audit opinions
Financial repot √not audited □audited
7.2 Financial statement
7.2.1
Wa Fangdian Bearing Co.,Ltd
Balance Sheet
2012.01.01---2012.06.30
Unit:RMByuan
2012.06.30 2012.01.01
Item
Consolidated Parent Consolidated Parent
Current assets：
Monetary capital 123,538,598.29 122,066,618.48 102,268,754.34 99,822,886.26
Settlement preparation cash
Borrowing capital
Trading financial assets
Notes receivables 242,813,248.25 239,683,248.25 134,514,385.38 133,080,700.75
Account receivables 1,021,519,948.21 1,032,265,592.86 948,225,066.12 986,005,682.37
Prepayment 17,857,918.72 16,925,576.92 52,716,821.34 42,733,044.64
Interests receivables
Dividend receivables
Other receivables 16,992,877.73 11,446,642.40 15,528,274.87 10,024,049.56
Inventories 1,112,109,223.57 1,037,502,464.71 1,196,538,970.43 1,113,765,356.87
Non current assets due within 1 year
Other current assets 2,862,419.12 2,862,419.12 5,729,224.48 5,729,224.48
Subtotal current assets 2,537,694,233.89 2,462,752,562.74 2,455,521,496.96 2,391,160,944.93
Non-current assets：
Long-term receivables
Long-term equity investment 95,064,038.62 152,258,840.19 92,489,891.01 149,684,692.58
Investment-purpose real estate
Fixed assets 569,798,681.22 453,817,526.17 581,464,704.26 462,781,080.04
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Construction in process 276,849,231.62 276,660,775.12 261,981,026.05 261,978,608.05
Projects materials
Disposal of fixed assets
Productive biologic assets
Petro and gas assets
Intangible assets 129,834,461.74 129,834,461.74 131,979,409.06 131,979,409.06
exploitation expense
Reputation
Long-term prepaid expenses 826,598.29 826,598.29 869,505.00 869,505.00
Deferred income tax assets 9,489,483.24 9,489,483.24 9,489,483.24 9,489,483.24
Other non-current assets
1,022,887,684.75 1,016,782,777.97
Subtotal non-current assets
1,081,862,494.73 1,078,274,018.62
Total assets 3,619,556,728.62 3,485,640,247.49 3,533,795,515.58 3,407,943,722.90
Current liabilities ：
Short-term loans 653,590,235.14 640,000,000.00 523,590,235.14 510,000,000.00
Trading financial liabilities
Notes payables 195,714,142.09 195,714,142.09 94,100,000.00 94,100,000.00
Account payables 985,589,322.57 885,876,833.93 1,039,300,493.29 955,695,514.30
Advances from customers 42,240,461.57 40,931,048.58 50,407,895.65 49,634,480.69
Fees and commission payables
Accrued payroll 24,043,991.45 15,034,194.76 29,508,584.94 20,368,041.18
Tax payables 17,360,714.92 13,014,441.27 1,923,642.12 4,172,462.78
Interests payables
Other payables 123,639,215.70 82,210,137.70 116,242,681.68 68,874,443.35
Provision for the insurance contract
Non-current liabilities due within 1
8,000,000.00 8,000,000.00 138,000,000.00 138,000,000.00
year
Other current liabilities
Subtotal current liabilities 2,050,178,083.44 1,880,780,798.33 1,993,073,532.82 1,840,844,942.30
Non-current liabilities ：
Long-term loans
Debenture payables
Long-term account payables 100,000.00 100,000.00
Special account payables 221,698.98 221,698.98 221,698.98 221,698.98
Predicted liabilities
Deferred income tax liabilities 246,635.79 246,635.79
Other non-current liabilities 48,673,391.20 48,673,391.20 50,394,009.12 50,394,009.12
Subtotal non-current liabilities 49,241,725.97 48,895,090.18 50,962,343.89 50,615,708.10
Total liabilities 2,099,419,809.41 1,929,675,888.51 2,044,035,876.71 1,891,460,650.40
Owner’s equity（shareholders’ equity）：
Capital stock 402,600,000.00 402,600,000.00 402,600,000.00 402,600,000.00
Capital public reserves 485,691,050.47 482,563,945.37 485,691,050.47 482,563,945.37
less：stock shares
Surplus public reserves 123,972,268.17 123,972,268.17 123,972,268.17 123,972,268.17
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
General provision for risk
Undistributed profits 507,873,600.57 546,828,145.44 477,496,320.23 507,346,858.96
Total owner’s equity available for
parent company 1,520,136,919.21 1,555,964,358.98 1,489,759,638.87 1,516,483,072.50
Minority owner’s equity
Total owner’s equity 1,520,136,919.21 1,555,964,358.98 1,489,759,638.87 1,516,483,072.50
Total liabilities and owner’s equity 3,619,556,728.62 3,485,640,247.49 3,533,795,515.58 3,407,943,722.90
7.2.2
Wa Fangdian Bearing Co.,Ltd
Income statement
2012.01.01---2012.06.30
Unit:RMB yuan
2012.06.30 2011.06.30
Item
Consolidated Parent Consolidated Parent
1.Total operating revenue 1,617,746,695.03 1,610,534,206.84 1,757,865,663.28 1,749,590,632.89
including：operating revenue
Interest revenue
2.Total operating cost 1,588,856,098.95 1,572,714,129.79 1,704,793,996.96 1,695,876,782.93
including：operating cost 1,433,460,380.71 1,426,359,883.98 1,549,779,169.18 1,548,503,038.12
Interest payment
Operating tax and adds 6,385,704.89 6,218,981.76 6,618,239.08 6,361,293.21
Sales expense 104,774,136.63 104,068,079.19 104,038,854.06 102,944,125.96
Administrative expense 30,125,540.59 22,269,686.56 31,813,142.30 25,779,116.76
Financial expense 13,815,248.96 13,502,411.13 12,337,942.40 12,082,558.94
Loss on depreciation of assets
295,087.17 295,087.17 206,649.94 206,649.94
plus：gains on the changes of fair
value （loss as “-”）
Gains on investment（loss as “-”） 2,978,064.52
2,978,064.52 6,302,534.50 6,302,534.50
Including: the gains on investment to
2,978,064.52
affiliated and joint stock companies
2,978,064.52 6,302,534.50 6,302,534.50
Gains on currency exchange（loss as
“-”）
31,868,660.60 40,798,141.57 59,374,200.82 60,016,384.46
3.Operating profits（loss as “-”）
plus：non-operating revenue 3,974,650.29 3,483,559.87 5,602,126.12 3,902,738.40
less：non-operating expenses 2,413,466.44 1,747,850.85 1,015,128.70 455,824.73
including：losses on disposal of
non-current assets 33,413.92 33,413.92
4.Total profits（loss as “-”） 33,429,844.45 42,533,850.59 63,961,198.24 63,463,298.13
Less: income tax 3,052,564.11 3,052,564.11 10,381,701.83 10,381,701.83
5.Net profits（net loss as “-”） 30,377,280.34 39,481,286.48 53,579,496.41 53,081,596.30
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Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Net profits available for parent
company
Minority owner’s equity
6.Gains on per share
basic gains on per share 0.08 0.10 0.13 0.13
diluted gains on per share 0.08 0.10 0.13 0.13
7.Other comprehensive returns
8.Total comprehensive returns
Total comprehensive returns available
for parent company
Total comprehensive returns available
for minority shareholders
7.2.3
Wa Fangdian Bearing Co.,Ltd
Cash flow statement
2012.01.01---2012.06.30
Unit:RMByuan
2012.06.30 2011.06.30
Item
Consolidated Parent Consolidated Parent
1 Cash flow from operating activities
Cash received from sales of goods or
646,285,337.83 667,620,105.77 689,708,029.75 698,313,243.84
rendering services
Refunds of taxes
Cash received relating to other
operating activities 7,671,109.14 7,671,109.14 7,890,682.24 2,891,329.49
Sub-total of cash inflows from operating
activities 653,956,446.97 675,291,214.91 697,598,711.99 701,204,573.33
Cash paid for goods or receiving
270,585,561.67 325,756,259.45 346,607,556.83 379,929,312.04
services
Cash paid to and on behalf of
employees 126,124,633.85 102,006,163.07 141,325,005.75 122,067,382.04
Tax payments 29,729,831.00 27,148,770.37 51,042,443.76 47,575,932.05
Cash paid relating to other
operating activities 78,661,094.71 71,161,503.32 67,234,434.88 59,132,811.67
Sub-total of cash outflows from
operating activities 505,101,121.23 526,072,696.21 606,209,441.22 608,705,437.80
Net Cash Flow from Operating Activities 148,855,325.74 149,218,518.70 91,389,270.77 92,499,135.53
2 Cash Flow from Investing Activities
Cash received from disposal of
403,916.91 403,916.91
investments
Cash received from investments
income
10
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Net cash received from disposal of
637,836.53
fixed assets, intangible assets and other 131,500.00
long-term assets 705,000.00 637,836.53
Cash received from disposal of
subsidiary or other operating business
units
Cash received relating to other
investing activities
Sub-total of cash inflows 1,108,916.91 535,416.91 637,836.53 637,836.53
Cash paid to acquire fixed assets,
7,289,836.61 7,116,620.11 52,070,561.57 42,023,184.89
intangible assets and other long-term
assets
Cash paid to acquire investments
Net increase of the mortgage loans
Cash payments relating to other
investing activities
Sub-total of cash outflows 7,289,836.61 7,116,620.11 52,070,561.57 42,023,184.89
Net Cash Flow from Investing Activities -6,180,919.70 -6,581,203.20 -51,432,725.04 -41,385,348.36
3 Cash Flow from Financing Activities
Cash received by investors
193,000,000.00
Cash received from borrowings 508,385,611.16 508,385,611.16 198,170,000.00
Cash from issuing debenture
Cash received relating to other
financing activities
Sub-total of cash inflows 508,385,611.16 508,385,611.16 198,170,000.00 193,000,000.00
Repayments of borrowings 600,770,466.67 599,860,466.67 193,000,000.00 193,000,000.00
Cash payment for dividends, profits
19,833,117.08 16,810,700.70
and the interests 19,934,095.89 17,083,336.79
Cash payments relating to other
financing activities
Sub-total of cash outflows 620,704,562.56 619,693,583.75 210,083,336.79 209,810,700.70
Net Cash Flow from Financing
Activities -112,318,951.40 -111,307,972.59 -11,913,336.79 -16,810,700.70
4 Effect of cash and cash equivalents
Foreign Currency Translation 102,513.80 102,513.80 -161,610.20 -161,610.20
5 Net Increase (Decrease) in Cash and
Cash Equivalents 30,457,968.44 31,431,856.71 27,881,598.74 34,141,476.27
plus：the balance in the
period-beginning 62,187,956.71 59,742,088.63 52,057,009.69 43,756,831.34
6 The balance in the period-end 92,645,925.15 91,173,945.34 79,938,608.43 77,898,307.61
11
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
7.2.4 Wafangdian Bearing Co., Ltd.
The changes of owner’s equity (consolidated)
June 30, 2012
Amount of this period Amount of previous period
Owner’s equity attributed to parent Owner’s equity attributed to parent
Paid-in Reserves Minority Total Paid-in Reserves Minority Total
items
Minus: Minus: Undistrib
capital Capital Surplus for Undistribut owner’s owner’s capital Capital Surplus for owner’s owner’s
stock Others stock uted Others
(capital surplus reserves general ed profits equity equity (capital surplus reserves general equity equity
shares shares profits
stock) risks stock) risks
1.Balance in the previous 402,600,0 485,691,0 123,972,2 477,496,3 1,489,75 402,600, 485,691, 116,726,0 440,320, 1,445,33
year-end 00.00 50.47 68.17 20.23 9,638.87 000.00 050.47 55.56 203.69 7,309.72
Plus : the changes in
accounting standards
Correction to previous
2.Balance in current 402,600,0 485,691,0 123,972,2 477,496,3 1,489,75 402,600, 485,691, 116,726,0 440,320, 1,445,33
year-beginning 00.00 50.47 68.17 20.23 0.00 9,638.87 000.00 050.47 55.56 203.69 0.00 7,309.72
3.The increase or decrease
in this period (decrease as 30,377,28 30,377,2 7,246,212 37,176,1 44,422,3
-) - - - - - 0.34 - - 80.34 - - - .61 - 16.54 - - 29.15
(1)Net profits 30,377,28 30,377,2 60,526,3 60,526,3
0.34 0.00 80.34 29.15 - 29.15
（2）others
0.00 - 0.00 0.00
Total of (1) and (2) 0.00 30,377,28 0.00 0.00 60,526,3 0.00 60,526,3
12
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
0.34 30,377,2 29.15 29.15
80.34
(3) the investment or
withdrawal of the owner
1) the investment
2)the shares calculated into
the owner’s equity
3)others
(4) profits distribution 7,246,212 -23,350, -16,104,
- - .61 212.61 000.00
1 )withdrawal of surplus
7,246,212 -7,246,2
reserves
.61 12.61
2).withdrawal of reserves for
general risks
3)distribution to owners and
-16,104, -16,104,
shareholders
- 000.00 000.00
4)others
(5)owner’s equity internally
transferred
(1)transferring capital
reserves to capital
13
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
(capital stock)
(2) transferring surplus
reserves to capital (capital
stock)
(3)Offsetting the loss by
surplus reserves
(4).Others
4.Balance in current 1,489,75
402,600,0 485,691,0 123,972,2 507,873,6 1,520,13 402,600, 485,691, 123,972,2 477,496,
period-end 9,638.87
00.00 50.47 68.17 00.57 0.00 6,919.21 000.00 050.47 68.17 320.23
Unit: RMByuan
7.2.5 Wafangdian Bearing Co., Ltd.
The changes of owner’s equity (parent company)
June 30, 2012
Unit: RMByuan
Amount of this period Amount of previous period
Owner’s equity attributed to parent Owner’s equity attributed to parent
Paid-in Reserves Minority Total Paid-in Reserves Minority Total
items Minus: Undistrib Minus: Undistrib
capital Capital Surplus for owner’s owner’s capital Capital Surplus for owner’s owner’s
stock uted Others stock uted Others
(capital surplus reserves general equity equity (capital surplus reserves general equity equity
shares profits shares profits
stock) risks stock) risks
402,600, 482,563, 123,972, 507,346, 1,516,48 402,600, 482,563, 116,726, 458,234, 1,460,12
1.Balance in the previous year-end
000.00 945.37 268.17 858.96 3,072.50 000.00 945.37 055.56 945.44 4,946.37
Plus : the changes in accounting
standards
14
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
Correction to previous
2.Balance in current 402,600, 482,563, 123,972, 507,346, 1,516,48 402,600, 482,563, 116,726, 458,234, 1,460,12
year-beginning 000.00 945.37 268.17 858.96 3,072.50 000.00 945.37 055.56 945.44 4,946.37
3.The increase or decrease in this 7,246,21
39,481,2 39,481,2 49,111,9 56,358,1
period (decrease as -) 2.61
86.48 86.48 13.52 26.13
(1)Net profits 39,481,2 39,481,2 72,462,1 72,462,1
86.48 86.48 26.13 26.13
（2）others
- 0.00 0.00
39,481,2 39,481,2 72,462,1 72,462,1
Total of (1) and (2) 0.00
86.48 86.48 26.13 26.13
(3) the investment or withdrawal of
the owner
1) the investment
2)the shares calculated into the
owner’s equity
3)others
-16,104,
(4) profits distribution 7,246,21 -23,350,
000.00
2.61 212.61
1 )withdrawal of surplus reserves 7,246,21 -7,246,2
2.61 12.61
15
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
2).withdrawal of reserves for
general risks
3)distribution to owners and -16,104,
-16,104,
shareholders 000.00
000.00
4)others
(5)owner’s equity internally
transferred
(1)transferring capital
reserves to capital (capital
stock)
(2) transferring surplus reserves to
capital (capital stock)
(3)Offsetting the loss by surplus
reserves
(4).Others
402,600, 482,563, 123,972, 546,828, 1,555,96 402,600, 482,563, 123,972, 507,346, 1,516,48
4.Balance in current period-end
000.00 945.37 268.17 145.44 4,358.98 000.00 945.37 268.17 858.96 3,072.50
16
Wafangdian Bearing Company Limited 2012 Midyear Report Abstract
7.3 Notes to the accounting statements
7.3.1 Explanations on contents, reasons and the influences if the accounting policies and accounting
estimates is changed or the correction of accounting mistakes exists.
□applicable √not applicable
7.3.2 Explanation on the reason and influence if significant changes exist in the consolidated financial
statement.
□applicable √not applicable
7.3.3 Relevant annotations for the involved items should be showed if non-standard and non-reserved
report was showed.
□applicable √not applicable
17