Wafangdian Bearing Company Limited 2016 Midyear Report Abstract
Stock ID:*ST Wazhou B Stock code：200706 Announcement No.2016-24
Wafangdian Bearing Company Limited
2016 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 *ST 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 Ke Xin
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 1,125,455,031.98 1,168,093,679.34 -3.65%
Net profit available for shareholders of listing
-44,024,185.93 -59,587,254.16 -26.12%
company
Net profit available for shareholders of listing
-55,263,473.29 -65,404,823.42 -15.51%
company with abnormal incomes deducted
Net cash flows from operation activities -8,389,665.15 14,734,845.66 -156.94%
Basic gains on per share -0.11 -0.15 -26.67%
Diluted gains on per share -0.11 -0.15 -26.67%
Net returns on assets (%) -3.32% -4.41% 1.09%
+/-（％）comparing with the end of last
2016.06.30 2015.12.31
year
Total assets 3,520,139,949.23 3,523,969,203.48 -0.11%
Owners’ equity (shareholders’ equity) 1,304,440,789.40 1,348,464,975.33 -3.26%
（2）Information on the top 10 shareholders
Total shareholders at the end of report period 7，325
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Wafangdian Bearing Company Limited 2016 Midyear Report Abstract
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% 402,600,000 244,000,000
shareholder
Corporation
AKTIEBOLAGET Foreign
19.70% 79,300,000 frozen 79,300,000
SKF shareholder
Domestic
Huang Junyue 1.01% 4,050,000
shareholder
BOCI
Foreign
SECURITIES 0.55% 2,220,000
shareholder
LIMITED
Domestic
Jin Yunhua 0.51% 2,072,629
shareholder
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
GUOTAI JUNAN
SECURITIES(HO Foreign
0.45% 1,795,540
NGKONG) shareholder
LIMITED
CREDIT SUISSE
Foreign
(HONG KONG) 0.26% 1,049,915
LIMITED shareholder
MAN,KWAI Foreign private
0.18% 713,101
WING 文贵荣 shareholde
Domestic
Miao Jun 0.14% 552,700
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 ) Total Preference Shareholders and the Shares Held by the Top 10 Preference Shareholders
Inapplicable
(4) 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
In the first half of year,the macroeconomic downward pressure diminished, the industrial economy remains in the
doldrums, the bearing industry is still in negative growth,but the company has overcome the lack of market orders, sales
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Wafangdian Bearing Company Limited 2016 Midyear Report Abstract
prices continue to decline, market competition and many other difficulties, has taken various measures to actively and steadily,
maintained a steady business development.
At the end of June 30, company's total assets is 3.25014 billion Yuan, which decrease 0.11% compared with the
beginning of this year; Net assess attributing to shareholders of listed company 1.30444 billion Yuan, decreased by3.26%
compared with then beginning of this year; Operating income is 1.12546 billion Yuan, decrease by 3.65% compared with the
same period last year; Net profit of attributing to shareholders of the parent company is minus 44.02 million Yuan, in the last
year was 59.59 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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