Wafangdian Bearing Company Limited the Q3 abstract for 2013
Stock code：200706 Stock ID:Wazhou B Announcement No.2013-30
Wafangdian Bearing Company Limited the Q3 abstract for 2013
Chapter I Important notes
The board of directors, board of supervisors, directors, supervisors and the top management guarantee
there is no false record, misleading statement or major omission in the report, and take responsibilities for the
truth, accuracy and completeness of the contents.
The following directors were absent from the board meeting.
Name of absent director Position of absent director Reason for absence Proxy
Wu Chunyou Independent director Busy work Zhang Li
Zhu Jiming Director Busy work Fang Bo
Li Shi Director Busy work Chen Jiajun
The charger of company Mr. Wang Lushun, financial controller Ms. Sun Najuan and the charger of
accounting department Ms. Yao Chunjuan made the statement: guarantee the truth, completeness of the
financial report of the third quarter report.
Chapter II Main finical dates and shareholder changes
2.1 Main accounting data and financial indicators
+/-（％）compared between the
2013.09.30 2012.12.31
end of current period and last year
Total assets(RMB) 3,781,281,210.86 3,618,360,177.55 3.12%
Owners Equity Attributed to
Shareholders of Listed 1,524,561,315.64 1,515,934,147.74 0.57%
Company(RMB)
2013.07-.09 +/-(%) to period 2013.01-.09 +/-(%) to period
Turnover(RMB) 800,969,834.11 8.82% 2,348,373,327.48 -0.23%
Net profit attributable to shareholders of
1,899,095.67 -81.85% 24,731,167.90 -39.45%
the listed company(RMB)
Net profit attributable to the
shareholders of the
1,531,738.27 -61.91% 22,469,634.02 -31.57%
listed company and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by business
operation -- -- -70,938,620.50 -151.61%
(RMB)
Basic earnings per share(Yuan/share) 0.0047 -84.33% 0.06 -40%
Diluted earnings per share(Yuan/share) 0.0047 -84.33% 0.06 -40%
Net assets yield (%) 0.13% -80.88% 1.63% -40.07%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2013.01-2013.09 annotations
Gain/loss of non-current assets
(includes the neutralized part of the asset impairment provision 202,796.37
drawn already)
Gains and losses included in the current period of government
subsidies, excluding those government grants which are closely
3,219,176.29
related to normal business and in line with national policy, or in
accordance with fixed standards or quantities
Debt restructuring gains and losses -1,279,802.30
Other non-business income and expenditures other than the above 518,457.73
Influenced amount of income tax 399,094.21
Total 2,261,533.88 --
For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on Information Disclosure
for Companies Offering their Securities to the Public–Non-recurring Gains and Losses and its non-recurring gain/loss items as
illustrated in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering their Securities to the
Public–Non-recurring Gains and Losses which have been defined as recurring gains and losses, it is necessary to explain the
reason.
□Applicable√Inapplicable
2.2. The statement of total number of shareholders and the first 10 shareholders of current shares in
the end of the report period
Unit:Share
Total number of shareholder at the end of
8,640
report period
The situation of the first 10 shareholders of current shares
Total shares Non-current
Name Nature Ratio（%） Impawned or Frozen Shares
held shares held
Status Amount
Wafangdian BearingState-owned
60.61% 244,000,000 244,000,000
Group Corporation shareholder
Foreign
AKTIEBOLAGET SKF 19.7% 79,300,000 0 Frozen 79,300,000
shareholder
Foreign
GAOLING FUND,L.P. 1.45% 5,836,256 0
shareholder
Domestic
Huang Junyue 0.89% 3,600,000 0
shareholder
Domestic
Qin Shaobin 0.23% 913,223 0
shareholder
Domestic
Ma Yuancheng 0.19% 755,825 0
shareholder
MAN,KWAI WING Wen Foreign private
0.18% 713,101 0
Guirong shareholder
Domestic
Chen Zhongwu 0.13% 520,085 0
shareholder
Foreign private
Hei Youxin 0.13% 512,559 0
shareholder
Domestic
Yang Yufei 0.12% 474,090 0
shareholder
The situation of the first 10 shareholders of current shares
Name Current shares held at end of year (Note 4)
1
Category of Shares
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
GAOLING FUND,L.P. 5,836,256 B 5,836,256
Huang Junyue 3,600,000 B 3,600,000
Qin Shaobin 913,223 B 913,223
Ma Yuancheng 755,825 B 755,825
MAN,KWAI WING Wen Guirong 713,101 B 713,101
Chen Zhongwu 520,085 B 520,085
Hei Youxin 512,559 B 512,559
Yang Yufei 474,090 B 474,090
VANGUARD TOTAL INTERNATIONAL
459,900 B 459,900
STOCK INDEX FUND
There was no relationship and consistent activities between the first big shareholder and other
Notes to relationship or “action in
shareholders or the top ten common stock holders; The relationship among other shareholders,
concert”among the top ten shareholders.
top ten circulation shareholders, top ten circulation shareholders and other shareholders was
not clear.
ChapterIII Important Items
3.1 The great changes in company’s key financial statement, financial indicators, and the reasons
1. Note receivable increase 30.6%,mainly because the returned money from clients is bank acceptance, at the same time they
compress payment for suppliers, which due to our companys note receivable increase.
2. Accounts receivable increase 12.8%,affected by domestic economy situation and industry compression policy, the returned
money from clients decline, accounts receivable from wind power, railway and auto increase .
3. Inventory decline 3.0%, mainly because the company impress reserve, which lead to processed products decline 26.57
million Yuan, and finished product decline 10.35 million Yuan.
4.Construction in process increase 11.1%, mainly because Liaoyang Bearing company reform project increase 11.85 million
Yuan, seventh finished product decline 8.77 million Yuan.
5. Note payable decline 68.1%, in report period, company compress payment for suppliers, decline bank acceptance to
suppliers.
6. Account payable increase 21.4%, in report period, company compress payment for suppliers, which lead to account payable
increase.
7. Tax payable increase 2965.9%, mainly because at the beginning of the period, there is pending deduct vat on purchase with
amount of 3.17 million Yuan.
8.Long-term borrowing increase 300.0%, the first reason, to decrease interest payment, the company change the short-term
loan expires into lower rate long-term borrowing. The second, the capital used in technology upgrade increase.
10.Asset depreciation losses increase 285.7%,mainly because in the report period, the company wire-off accounts receivable of
Zhun geer company of Shen Hua group, which lead to asset depreciation losses increase 344 thousand Yuan, wire-off Xing Yu
xinxing building material of Changshu lead to asset depreciation losses increase 660 thousand Yuan.
11.Investment income increase 106.7%,mainly because 1.profit from SKF Wazhou increase.2.in the report period the company
receive annual bonus from Shanghai ME machine-electrical equipment with amount of 680 thousand Yuan from year 2008 to
2011.
12. Income from non-business decline 58.5%,mainly because debt restructuring income decline 6.72 million Yuan.
13.Income tax expense descend by72.8%,mainly because the total profit in the report period declined 18.36 million Yuan, it
minus research and development expenses, investment income and government bounty, which lead to taxable income decline
16.44 million Yuan, and tax expenses decline 2.25 million Yuan.
14.Net profit decline 39.4%,mainly because the main business gross profit decline, profit space compress. The sales price
decline 3.5%,while the hundred cost increase 1.2 Yuan.
3.2 The situation of major items in progress and the analysis explanation on its effect and resolved
proposal.
2
No important items in the report period.
3.3 The fulfillment of the items that the company, shareholder with more than 5% shares and the actual
controller etc. during the report period, or before it.
□ Applicable √Not applicable
3.4 Operating forecast for 2013
□ Applicable √Not applicable
3.5 Security investment information
Statement of holding other listing company equity
□Applicable √Not applicable
3.6 Derivative products investment information
□Applicable √Not applicable
3.7 Reception of investigations, communications, or interviews in the report period
Main content involved and
Time/date Place Way Type of visitors Visitors
material provided
Telephone The general information of
July 11,2013 Office Private investor Private investor
communication the company
Telephone The general information of
July 31,2013 Office Private investor Private investor
communication the company
Telephone The general information of
August 15,2013 Office Private investor Private investor
communication the company
Telephone The general information of
August 22,2013 Office Private investor Private investor
communication the company
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