Wafangdian Bearing Company Limited the Q3 abstract for 2014
Stock code：200706 Stock ID:Wazhou B Announcement No.2014-28
Wafangdian Bearing Company Limited the Q3 abstract for 2014
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
The charger of company Mr.Cong Hong, 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
Unit: Yuan
+/-（％）compared
2014.09.30 2013.12.31 between the end of current
period and last year
Total assets(RMB) 3,850,535,511.06 3,717,797,889.26 3.57%
Owners Equity Attributed to
Shareholders of Listed 1,443,323,489.97 1,504,966,435.50 -4.10%
Company(RMB)
2014.07-.09 +/-(%) to period 2014.01-.09 +/-(%) to period
Turnover(RMB) 680,574,796.92 -15.03% 2,321,588,005.63 -1.14%
Net profit attributable to shareholders
-28,089,759.45 -1,579.11% -45,538,945.53 -284.14%
of the listed company(RMB)
Net profit attributable to the
shareholders of the
-30,421,458.82 -2,086.07% -50,901,885.87 -326.54%
listed company and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by business
-- -- 124,249,201.29 -434.42%
operation(RMB)
Basic earnings per share(Yuan/share) -0.07 -1,589.36% -0.11 -283.33%
Diluted earnings per
-0.07 -1,589.36% -0.11 -283.33%
share(Yuan/share)
Net assets yield (%) -1.92% -2.05% -3.09% -4.72%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2014.01-2014.09
Profits and losses relating to disposal of fixed assets 585,361.65
Government grants recorded into profit or loss during current
3,355,200.91
period
Profits and losses relating to the debt restructure -285,788.81
Other non-business income and expenditures other than the above 2,347,731.97
Less: Influenced amount of income tax 639,565.38
Total 5,362,940.34
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
9,003
report period
The situation of the first 10 shareholders of current shares
Total shares Non-current Impawned or Frozen Shares
Name Nature Ratio（%）
held shares held Status Amount
Wafangdian Bearing State-owned
60.61% 244,000,000 244,000,000
Group Corporation shareholder
Foreign
AKTIEBOLAGET SKF 19.70% 79,300,000 0 Frozen 79,300,000
shareholder
BOCI SECURITIES Foreign
0.70% 2,800,085 0
LIMITED shareholder
Domestic
Huang Junyue 0.66% 2,655,000 0
shareholder
Domestic
Ma Yuancheng 0.19% 755,825 0
shareholder
MAN,KWAI WING Wen Foreign private
0.18% 713,101 0
Guirong shareholder
Foreign private
Hei Youxin 0.13% 512,559 0
shareholder
Domestic
Yang Yufei 0.12% 479,306 0
shareholder
EVERBRIGHTSECURI
Foreign
TIES LIMITED(HONG 0.10% 419,850 0
shareholder
KONG)
Domestic
Jiang Guangsen 0.10% 397,505 0
shareholder
The situation of the first 10 shareholders of current shares
Category of Shares
Name Current shares held at end of year (Note 4)
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
BOCI SECURITIES LIMITED 2,800,085 B 2,800,085
Huang Junyue 2,655,000 B 2,655,000
Ma Yuancheng 755,825 B 755,825
1
MAN,KWAI WING Wen Guirong 713,101 B 713,101
Hei Youxin 512,559 B 512,559
Yang Yufei 479,306 B 479,306
EVERBRIGHTSECURITIES
419,850 B 419,850
LIMITED(HONG KONG)
Jiang Guangsen 397,505 B 397,505
Wang Hongting 388,891 B 388,891
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.
Whether the top ten shareholders with common stock and top ten shareholders with unlimited common stock agree with the
company to buy back the stock or not?
□Applicable √Inapplicable
Chart of preferred stock shareholders and the first tenth shareholders holding shares
□Applicable √Inapplicable
ChapterIII Important Items
3.1 The great changes in company’s key financial statement, financial indicators, and the reasons
+/-(%) to
No. Items Explanation
period
Post-dated bill write to supplies increase, sight bill decrease, whilst
payment collection from clients increase compared with last period
1 Bill receivable 88.2%
which make bill receivable increase much compared with year
beginning.
Post-dated bill write to supplies increase, which lead to bill payable
2 Bill payable 190.7%
increase much compared with year beginning
Accounts received in Mainly because account received in advance from part clients
3 -42.6%
advance decrease compared with year beginning.
Long loan interest increase with 3.48 million Yuan compared with last
4 Finance expense 32.5%
period, bill interest subsidies increase with 3.72 million Yuan.
Mainly because the investment income from SKF Wazhou decreased,
5 Investment proceeds -62.2% whilst received 2008-2010 dividend from ME with 680 thousand Yuan
last period, the report period is without this income.
Mainly because Liaozhou writing-off account payable in the report
6 Non-operating revenue 51.9%
period.
Debt reconstruction losses decrease with 0.5 mill Yuan compared
7 Non-operating payment -31.3%
with last period.
Mainly because the main business gross rate decreases, profit space
8 Net profit -284.1% compressed. The rate in the first third quarter is 8.5%, which
decrease 1.4% compared with last period.
The company received 2008-2010 dividend from ME with 680
Cash received from
9 -64.7% thousand Yuan last period, in the report period receive 2012 dividend
investment incomes
with 240 thousand Yuan(profit was written in 2013)
Cash paid to acquire fixed Mainly because the import machines payment with 29.69 million
10 assets, intangible assets 2446.1% Yuan, of which the bill payable written in early days is expire with 8.74
and other long-term assets million Yuan.
Effects of foreign exchange Mainly because rate in report period increase, RMB devalue, which
11 -315.4%
rate changes on cash make exchange earning increase compared with last period.
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3.2 The situation of major items in progress and the analysis explanation on its effect and resolved
proposal.
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 2014
□ 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 16,2014 Office Private investor Private investor
communication the company
Telephone The general information of
August 21,2014 Office Private investor Private investor
communication the company
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