Wafangdian Bearing Company Limited the Q3 abstract for 2015
Stock code：200706 Stock ID:Wazhou B Announcement No.2015-42
Wafangdian Bearing Company Limited the Q3 abstract for 2015
Chapter I. Important Prompts
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.
All the directors attend the board meeting.
The charger of company Mr. Meng Wei, 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 financial dates and shareholder changes
2.1 Main accounting data and financial indicators
Unit: Yuan
+/-（％）compared
2015.09.30 2014.12.31 between the end of current
period and last year
Total assets(RMB) 3,568,754,718.27 3,935,819,231.85 -9.33%
Owner’s Equity Attributed to
Shareholders of Listed 1,318,206,760.37 1,381,844,988.72 -4.61%
Company(RMB)
2015.07-.09 +/-(%) to period 2015.01-.09 +/-(%) to period
Turnover(RMB) 558,567,387.61 -17.93% 1,726,661,066.95 -25.63%
Net profit attributable to shareholders of
-4,050,974.19 -85.58% -63,638,228.35 -37.88%
the listed company(RMB)
Net profit attributable to the shareholders
of the
-8,179,845.87 -73.11% -73,597,355.13 44.59%
listed company and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by business
179,596,032.54 44.55%
operation(RMB)
Basic earnings per share(Yuan/share) -0.010 -85.71% -0.16 45.45%
Diluted earnings per share(Yuan/share) -0.010 -85.71% -0.16 45.45%
Net assets yield (%) -0.30% 1.62% -4.71% -1.62%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2015.01-2015.09
Profits and losses relating to disposal of fixed assets 869,570.71
Government grants recorded into profit or loss during current
3,666,429.90
period
Profits and losses relating to the debt restructure 6,605,256.93
Other non-business income and expenditures other than the above -61,066.60
Less: Influenced amount of income tax 1,121,064.16
Total 9,959,126.78
For the Company‘s 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
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
60.60% 244,000,000 244,000,000
Group Corporation shareholder
Foreign
AKTIEBOLAGET SKF 19.70% 79,300,000 0 Frozen 79,300,000
shareholder
Domestic
Huang Junyue 0.81% 3,250,000 0
shareholder
BOCI SECURITIES Foreign
0.77% 3,120,000 0
LIMITED shareholder
GUOTAI JUNAN
Foreign
SECURITIES(HONGK 0.44% 1,754,284
shareholder
ONG) LIMITED
Domestic
Hu Xiaofeng 0.42% 1,708,577 0
shareholder
Domestic
Jin Yunhua 0.41% 1,645,513 0
shareholder
Foreign
KGI ASIA LIMITED 0.22% 878,710 0
shareholder
MAN,KWAI Foreign private
0.18% 713,101 0
WING文贵荣 shareholder
Domestic
Zhou Junlin 0.13% 523,100 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
Huang Junyue 3,250,000 B 3,250,000
BOCI SECURITIES LIMITED 3,120,000 B 3,120,000
GUOTAI JUNAN
1,754,284 B 1,754,284
SECURITIES(HONGKONG) LIMITED
Hu Xiaofeng 1,708,577 B 1,708,577
Jin Yunhua 1,645,513 B 1,645,513
KGI ASIA LIMITED 878,710 B 878,710
MAN,KWAI WING文贵荣 713,101 B 713,101
Zhou Junlin 523,100 B 523,100
Yang Yufei 502,278 B 502,278
Notes to relationship or “action in There was no relationship and consistent activities between the first big shareholder and other
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concert”among the top ten shareholders. shareholders or the top ten common stock holders; The relationship among other 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
Chapter III. Important Items
3.1 The great changes in company’s key financial statement, financial indicators, and the reasons
√Applicable □Not applicable
Beginning End of year +/-(%) to
No. Items peirod Explanation
period
Mainly because the customer payment collection
decrease compared with last peirod.besides, the
1 Monetary fund 10,462.0 18,056.9 -42.1%
company purchase the SKF Wazhou 51% euqity,the
bank letter of credit with 11.25 million Yuan is expired.
Mainly because the payment in advance to part of
clients decrease compared with year beginning,of
Accounts received in
2 2,729.4 4,403.1 -38.0% which the Shanxi Taigang stainless steel decrease
advance
with 11.58 million Yuan,Zhejiang Wuzhouxinchun
decrease 6.22 million Yuan.
The Dividends receivable at the year beginning is the
3 Dividends receivable - 24.0 -100.0% dividend from Shanghai ME machine-lelctrical
equipment chain Ltd of 2013 with 0.24 million Yuan.
Mainly because the offsetinput tax re-classsify to this
items is 10.79 million Yuan at the end of report
4 Other current assets 3,002.7 1,921.2 56.3%
peirod,which is 21.78 million Yuan at the year
beginning
In order to reduce the financing cost,the company cut
down the short loan.besides,the company increase
5 Short-term loan 1,377.0 2,453.4 -43.9% the order financing with 56.43 million Yuan which
accounted into account payable, and the long-term
note to the clients increase.
6 Note paybale 23,500.0 49,800.0 -52.8% The long-term note to the clients increase.
Non-current liabilities The long-term loan expired within 1 year is 50 million
7 31,980.8 20,686.7 54.6%
due within I year Yuan,which is 90 million Yuan in the last peirod.
There is a new long-term loan with 90 million
8 Long-term loan 5,000.0 9,000.0 -44.4%
Yuan.
There is a new long-term loan with 90 million
9 Long- term loan 9,000.0 5,000.0 80.0%
Yuan.
2015.1.1- +/-(%) to
No. Items Last peirod Explanation
9.30 period
Mainly because the company switch the withdrawed
Loss of impairment of inventory falling price reserves with 3.7 million Yuan,
10 -368.5 110.8 -432.4%
assets while write-off the account differences with Zhongqi
qiaoxiang with 0.91 million Yuan.
The investment income from SKF Wazhou in the last
11 Investment income 0.0 361.3 -100.0%
peirod is 3.613 million Yuan.
2
1.the gains from debt restructuring increase 5.43
million Yuan compared with last peirod;2. the gains
Non-operating from non-current asset increase 770 thousand
12 1,182.8 761.9 55.2%
revenue Yuan;3.other income reduce 2.22 million
Yuan(Liaozhou write-off account payable with 2.04
million Yuan.)
1.the losses from debt restructuring decrease 1.46
13 Non-operating cost 74.8 161.6 -53.8% million Yuan;2.the losses from non-current asset
disposal increase with 490 thousan Yuan,
1.The mian business is 15.6344 billion Yuan which
decrease with 479.33 million Yuan,the decrease rate
is 23.5%,which lead to gross profit decrease about
40.79 million Yuan.while in the report peirod the mian
business gorss profit rate is 9.6%, increase
14 Net profit -6,363.8 -4,553.9 39.7% 1.1%,and the gross profit is 17.04 millionYuan.2.other
business income is 163.22 million Yuan,decrease with
115.60 million Yuan,the rate is 41.5%,lead to gross
profit with 15.67 million Yuan,while in the reprot
peirod,the gorss rate is 8.9%,decrease 4.6% lead to a
profit decrease with 7.58 million Yuan.
Mainly because the waste income is accounted into
Other cash received
the item of cash received from sale of goods or
15 relating to operating -6,363.8 -4,553.9 39.7%
rendering of services which was accounted into other
activities
cash received relating to investing activities
Mainly because the added-value tax is 22.32 million
16 Income tax expense 222.9 1,230.6 -81.9% Yuan,decrease 16.11 million Yuan cmpared with last
peirod.
Mainly because receive the dividend from Shanghai
Cash received from
17 3,835.2 5,642.7 -32.0% ME machine-lelctrical equipment chain Ltd of 2012
investment incomes
with 0.24 million Yuan.
Cash paid to acquire
fixed assets, 1.the payment of import manchine with 29.69 million
18 intangible assets and 0.0 24.0 -100.0% Yuan in the last peirod;2.the bank note payment
other long-term decrease 8.74 million Yuan compared with last peirod.
assets
Mainly because purchase the SKF Wazhou 51%
Cash paid to acquire
19 1,027.9 4,372.9 -76.5% euqity,the bank letter of credit with 11.25 million Yuan
investment
is expired.
Effects of foreign Mainly because the US eschange rate is low in the
20 exchange rate 1,125.0 0.0 first half year,but,after August,the eschange rate
changes on cash increase continually,which lead to a exchange income.
3.2 The situation of major items in progress and the analysis explanation on its effect and resolved
proposal.
None
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 Operation forecast for year 2015
□ Applicable √Not applicable
3.5 Security investment information
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Statement of holding other listing company equity
□Applicable √Not applicable
3.6 Statement of holding other listing company equity
□Applicable √Not applicable
3.7 Derivative products investment information
□ Applicable √Not applicable
3.8 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 16,2015 Office Private investor Private investor
communication the company
Telephone The general information of
August 5,2015 Office Private investor Private investor
communication the company
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