Wafangdian Bearing Compnay Limited The First Quarterly Report for 2016 (Main Text)
Stock code: 200706 stock short form: Wazhou B Report code: 2016-10
Wafangdian Bearing Company Limited
The First Quarterly Report for 2016
(Main Text)
§ 1 Important Notes
The Board of Directors, Board of Supervisors, directors, supervisors, and top management of the Company hereby
guaranteed that there are no false records, misleading statements, and major omits in this report, and assumed the individual
and associated responsibilities for the truth, accuracy and completeness of the contents.
Chairman of the Board Mr Meng Wei, Financial manager Ms.Sun Najuan, Accounting charger Ms. Yao Chunjuan hereby
confirms that the Financial Report of the quarterly report is true and complete.
Besides the following directors, all the other directors attended the Board meeting and discussed the report.
Name Post Reasons Assignee name
Tang Yurong Diretor Busy work Fang Bo
§ 2 Major accounting data and shareholder change
1 Major accounting data and financial indexes
Unit: RMB
Jan-Mar 2016 Jan-Mar 2015 +/- to previous
Operating income(Yuan) 534,404,100.68 582,509,508.85 -8.26%
Net profits attributed Shareholders(Yuan) 2,340,344.55 -39,057,333.13 -105.99%
Net profit available for shareholders of listing
-1,164,062.96 -41,560,197.87 97.20%
company with abnormal incomes deducted
Net cash flows from operation activities 16,496,758.57 -62,129,152.74 -126.55%
Basic gains on per share 0.01 -0.10 -110.00%
Diluted gains on per share 0.01 -0.10 -110.00%
Net returns on assets (%) 0.17% -2.87% 3.04%
Jan-Mar 2016 Jan-Mar 2015 +/- to previous
Total assets 3,589,537,082.53 3,523,969,203.48 1.86%
Owners’ equity (shareholders’ equity) 1,350,805,319.88 1,348,464,975.33 0.17%
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
Items of non-recurring gains and losses Amount Note（if applicable）
Gain or loss form disposal of non-current assets -43,770.58
Gains and losses included in the current period of government subsidies, excluding those
government grants which are closely related to normal business and in line with national 1,838,388.97
policy, or in accordance with fixed standards or quantities
Profit of loss from debts restructuring 1,028,287.75
Other non-business income and expenditures other than the above 1,299,926.22
Influenced amount of income tax 618,424.85
Total 3,504,407.51 -
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2016 (Main Text)
2 Total number of shareholders at the end of the report period and shares held by the top ten
shareholders
Unit: Share
Total number of shareholder at the end of Total number of shareholder at the end of report period with
7499 0
report period preferred stock
Shareholders with 5% or above Shares
Increase or Current Impawned or Frozen Shares
Total shares decrease Non-current shares
Name Nature Ratio（%）
held in the report shares held held Status Amount
period
Wafangdian Bearing State-owned
60.61% 402,600,000 244,000,000
Group Corporation shareholder
AKTIEBOLAGET Foreign
19.70% 79,300,000 79,300,000 Frozen 79,300,000
SKF shareholder
Domestic
Huang Junyue 1.00% 3,990,000
shareholder
GUOTAI JUNAN
SECURITIES(HO Foreign
0.70% 2,708,740
NGKONG) shareholder
LIMITED
BOCI
Foreign
SECURITIES 0.60% 2,220,000
shareholder
LIMITED
Foreign
Jin Yunhuang 0.50% 2,017,729
shareholder
Domestic
Hu Xiaofeng 0.50% 1,879,277
shareholder
CREDIT SUISSE
Foreign
(HONG KONG) 0.30% 1,049,915
shareholder
LIMITED
MAN,KWAI Foreign private
0.20% 713,101
WING 文贵荣 shareholde
Domestic
Liao Yun 0.10% 550,000
shareholder
Explanation for the Affiliated
In the report period, the frozen period of the shares purchased by the company’s strategic investor
Relations or United Action of the Top AKTIEBOLAGET SKF expired in 1999, and has not dealt with the releasing-procedure in this report period.
Ten Shareholders
Notes to relationship or “action in
concert”among the top ten shareholders.
Top Ten Tradable Shareholders
Category of Shares
Name Current shares held at end of year
Categories Amount
AKTIEBOLAGET SKF 79,300,000 B 79,300,000
Huang Junyue 3,990,000 B 3,990,000
GUOTAI JUNAN B
SECURITIES(HONGKONG) 2,708,740 2,708,740
LIMITED
BOCI SECURITIES LIMITED 2,220,000 B 2,220,000
Jin Yunhuang 2,017,729 B 2,017,729
Hu Xiaofeng 1,879,277 B 1,879,277
CREDIT SUISSE (HONG KONG) B
LIMITED 1,049,915 1,049,915
MAN,KWAI WING 文贵荣 713,101 B 713,101
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2016 (Main Text)
Liao Yun 550,000 B 550,000
Zhou Jun lin 525,100 B 525,100
Explanation for the Affiliated Relations or
United Action of the Top Ten There was no relationship and consistent activities between the first big shareholder and other shareholders or
the top ten common stock holders; The relationship among other shareholders, top ten circulation shareholders,
Shareholders and the Top Ten Tradable top ten circulation shareholders and other shareholders was not clear.
Shareholders
§ 3 Significant items
1 Particulars about material changes in items of main accounting statement and financial index, and explanations of
reasons
√Applicable □Inapplicable
The end of Beginning of
No Item % Reason
year year
Because the returned money by bank acceptance
1 Bills receivable 15,921.1 10,050.6 58.4%
increase.
Dividend reciivable with 240 thousand Yuan from ME at the
2 Dividend reciivable - 24.0 -100.0%
beginning of the year
Mainly because some travel expense and meeting expense which
3 Other receivables 3,210.9 2,146.3 49.6% are not reimbursed increased 8.91 millio Yuan compared with year
begin.
Mainly because the short-time loan increase 1500 million Yuan in
4 Short-term loan 53,500.0 38,500.0 39.0%
the report peirod
Mainly because the account received in advance from some
cilents of parent company decline,of which Dalian Huarui
5 Accounts received in advance 2,952.1 4,483.6 -34.2% Zhonggong decrease with 5.08 million Yuan, the account received
in advance from sales branch company decreased with 9.96
millionYuan.
1. Liquidity loan interest withdrawing decline 2.3 million
6 Financial expense 625.5 1,086.7 -42.4%
Yuan;2.net income on exchange increase by 2.34 million Yuan.
Last peirod write-off the account diffirence with Liao Ning Shu
7 Loss of impairment of assets 0.1 1.5 -93.1%
Guang by 15 thousand Yuan.
Mainly because the fine income from agency with 1.05 million
8 Non-operating revenue 442.3 285.2 55.1%
Yuan.
1.debt restructuring losses increased with 90 thousand
9 Non-operating cost 30.1 16.5 81.9% Yuan;2.non-current assets disposal losses increase with 30
thousand Yuan
1.main business gross rate is 12.1%,increase 5.1% compared with
last peirod,which lead to gross profit increase 21.39 million
Yuan;2.other business gross rate is 1.8%,incease by 0.8%,lead to
10 Net profit 234.0 -3,905.7 -106.0%
gross profit incease about 410 thousan Yuan;3.sale expense
decline 10.16 million Yuan;4.financial expense decline 4.61 million
Yuan;5.administration expense decline 2.87 million Yuan.
Other cash received relating to Mainly because the subsidy decline compared with
11 130.7 346.1 -62.2%
operating activities last peirod
Mainly because forging discount acceptance due repayment
Cash paid for goods and
12 14,135.9 20,210.4 -30.1% separately to financing activities for cash, which is accounted in to
services Cash paid for goods and services
Cash received from return of Mainly because received from return of investment of 2014 from
13 24.0 0.0
investment ME with 240 thousand Yuan.
Cash paid to acquire fixed
Mainly because the cash paid on fix asset investment decline
14 assets, intangible assets and 162.7 438.6 -62.9%
compared with last peirod.
other long-term assets
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2016 (Main Text)
Mainly because last year the company buy Dalian sikaifu ZWZ
15 Cash paid to acquire investment 0.0 1,125.0 -100.0% Bearing Co., Ltd. 51% of the equity, the issuing bank letter of credit
of 11.25 million yuan payment at maturity
mainly due to the forging discount payment collection to receive
Other proceeds relating to other related to financing activities cash. Over the same period, the
16 9,796.4 0.0
financing activities 973 million imputation in the sale of goods and services received in
cash
Distribution of dividends or
17 925.5 669.6 38.2% The loan interset shall paid in the report peirod increased.
profits & interest expenses
Generations of forging discounted repayment separately to the
Cash paid for other financing payment related to financing activities cash. At the same time, the
18 14,000.0 0.0
activities imputation in the purchase of goods and receive services paid
cash
Mainly due to the Fed's interest rate hike is expected to drag,
Effects of foreign exchange rate
19 17.59 -407.0% leading to short-term decline in the dollar exchange rate, the
changes on cash -54.00 impact of the current dollar denominated bank deposits
2 Progress of significant events, their influence, and analysis and explanation of their solutions
□Applicable √Inapplicable
3 The company, shareholders, actual controller, the acquirer, directors, supervisors and senior management
personnel or other related parties to fulfill commitments and the final report has not been fulfilled in the reporting
period
□Applicable √Inapplicable
4 Estimation of accumulative net profit from Jan to June 2016
□Applicable √Inapplicable
5 Particular about security investment
□Applicable √Inapplicable
6 Particular about derivatives
□Applicable √Inapplicable
7 Activities on receiving research, communication and interview in the report period
Time Site Method Object Content and documents supplied Time
2016.01.27 Office Telephone communication Private investor The general information of the company Office
2016.03.09 Office Telephone communication Private investor The general information of the company Office
2016.03.17 Office Telephone communication Private investor The general information of the company Office
8 Illegal external guarantee
□Applicable √Inapplicable
9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable √Inapplicable
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