Wafangdian Bearing Company Limited2014 Midyear Report Abstract
Stock code：200706 Stock ID:Wazhou B Announcement No.2014-24
Wafangdian Bearing Company Limited
2014 Midyear Report Abstract
1. Important Notes
(1) This abstract was derived from the annual report, the annual report issued on the Shenzhen Stock Exchange
web or other web appointed by and CSRC; details please refer to the whole annual report.
(2)Brief Information of the listed company
Abbreviated name of the stock Wazhou B Stock code: 200706
Listing location of the Company’s stock: Shenzhen Stock Exchange
Contacts Secretary of the Board Representative of Stock Affairs
Name Sun Najuan Su Shaoli
Consulting telephone 0411-39116369 0411-39116732
Fax 0411-39116738 0411-39116738
E-mail zwz2308＠126.com zwz2308＠126.com
2.Main accounting date and shareholder change
（1）Main accounting data
+/-（％）comparing with the previous
current period previous period
period
Operating income 1,641,013,208.71 1,547,403,493.37 6.05%
Net profit available for shareholders of listing
-17,449,186.08 22,832,072.23 -176.42%
company
Net profit available for shareholders of listing
-20,480,427.05 20,937,895.75 -197.82%
company with abnormal incomes deducted
Net cash flows from operation activities 56,163,250.30 -20,293,414.93 -230.21%
Basic gains on per share -0.04 0.06 -166.67%
Diluted gains on per share -0.04 0.06 -166.67%
Net returns on assets (%) -1.17% 1.49% -2.66%
+/-（％）comparing with the end of last
2014.06.30 2013.12.31
year
Total assets 3,942,232,259.61 3,717,797,889.26 6.04%
Owners’ equity (shareholders’ equity)
1,487,517,249.42 1,504,966,435.50 -1.16%
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Wafangdian Bearing Company Limited2014 Midyear Report Abstract
（2）Information on the top 10 shareholders
Total shareholders at the end
9115
of report period
Top ten shareholders’ status
Impawned and frozen
Non-circulation shares
Name Nature Proportion（%） Total shares
shares
status quantity
Wafangdian
State-owned
Bearing Group 60.61% 244,000,000 244,000,000
shareholder
Corporation
AKTIEBOLAGET Foreign
19.7% 79,300,000 frozen 79,300,000
SKF shareholder
Domestic
Huang Junyue 0.70% 2,828,321
shareholder
BOCI
Foreign
SECURITIES 0.70% 2,800,085
shareholder
LIMITED
Domestic
Ma Yuancheng 0.19% 755,825
shareholder
Foreign private
MAN,KWAI WING 0.18% 713,101
shareholder
Foreign private
Yan Jianhui 0.14% 564,900
shareholder
Foreign private
Hei Youxin 0.13% 512,559
shareholder
EVERBRIGHTSE
CURITIES Foreign
0.12% 482,150
LIMITED(HONG shareholder
KONG)
Domestic
Yang Yufei 0.12% 474,090
shareholder
The explanation on the
relationship and consistent There was no relationship and consistent activities between the first big shareholder and
activities between above other shareholders or the top ten common stock holders;
shareholders
(3) Changes of the holding shareholders and the actual controller
Changes of the holding shareholders
□applicable √Not applicable
Changes of the holding shareholders and the actual controller
□applicable √Not applicable
3、Discussion and analysis
At the situation of the bearing market production oversupply, market competition acutely and price decline commonly in
Q2,the company take some measures like products structure adjustment, cost reducing and expenses compressing, which
make operation improved.
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Wafangdian Bearing Company Limited2014 Midyear Report Abstract
But affected by bearing market demands lacking, sales price decline continually, the main business gross profit margin
decline, and profit space compressed, the profit in reduce compared with the same period of last year.
At the end of June 30, company's total assets is 3.9422 billion Yuan, rose 6.04% compared with the beginning of this year;
Net assess attributing to shareholders of listed company 1.4875 billion Yuan, decreased by 1.16% compared with then
beginning of this year; Operating income is 1.641 billion Yuan, increase by 6.05% compared with the same period last
year; Net profit of attributing to shareholders of the parent company is minus 17.45 million Yuan.
4、Relevant items involved financial report
(1) The explanation of the changes in accounting policies, accounting estimation and calculation
method comparing with the latest annual report
□applicable √Not applicable
(2) The content of significant errors, the changed amount, the reason and the effect
□applicable √Not applicable
(3) The explanation of the changes in the consolidated scope comparing with the latest annual report
□applicable √Not applicable
(4) Opinions presented by Board meeting and supervisor meeting on “un-standard audit report”
□applicable √Not applicable
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