Wafangdian Bearing Company Limited the Q3 abstract for 2016 Stock code:200706 Stock ID:*ST Wazhou B Announcement No.2016-35 Wafangdian Bearing Company Limited the Q3 abstract for 2016 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. Besides the following directors, all the other directors attended the Board meeting and discussed the report. Name Post Reasons Assignee name Tang Yurong director Busy work Fang Bo 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 between 2016.09.30 2015.12.31 the end of current period and last year Total assets(RMB) 3,508,307,604.58 3,523,969,203.48 -0.44% Owner’s Equity Attributed to Shareholders of Listed 1,294,893,175.92 1,348,464,975.33 -3.97% Company(RMB) 2016.07-.09 +/-(%) to period 2016.01-.09 +/-(%) to period Turnover(RMB) 570,651,513.49 2.16% 1,696,106,545.47 -1.77% Net profit attributable to shareholders of -9,787,613.48 141.60% -53,811,799.41 -15.44% the listed company(RMB) Net profit attributable to the shareholders of the -13,571,344.70 65.91% -68,834,817.99 -6.47% listed company and after deducting of non-recurring gain/loss(RMB) Net Cash flow generated by business 19,185,989.65 -89.32% operation(RMB) Basic earnings per share(Yuan/share) -0.02 50.00% -0.13 -18.75% Diluted earnings per share(Yuan/share) -0.02 50.00% -0.13 -18.75% Net assets yield (%) -0.74% -0.44% 0.64% 0.64% Abnormal profit and loss items √Applicable □Not applicable Unit: Yuan Abnormal profit and loss items 2016.01-2016.09 Profits and losses relating to disposal of fixed assets 4,573,254.10 Government grants recorded into profit or loss during current 8,394,496.96 period Profits and losses relating to the debt restructure 3,346,522.56 Other non-business income and expenditures other than the above 517,334.25 Less: Influenced amount of income tax 1,808,589.29 Total 15,023,018.58 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 7282 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 Domestic Huang Junyue 1.01% 4,050,000 0 shareholder BOCI SECURITIES Foreign 0.55% 2,220,000 0 LIMITED shareholder GUOTAI JUNAN Foreign SECURITIES(HONGK 0.47% 1,879,277 shareholder ONG) LIMITED Domestic Hu Xiaofeng 0.46% 1,833,840 0 shareholder Domestic Jin Yunhua 0.33% 1,311,256 0 shareholder CREDIT SUISSE Foreign (HONG KONG) 0.26% 1,049,915 0 shareholder LIMITED MAN,KWAI Foreign private 0.18% 713,101 0 WING文贵荣 shareholder Domestic Miao Jun 0.14% 550,000 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 4,050,000 B 4,050,000 1 BOCI SECURITIES LIMITED 2,220,000 B 2,220,000 GUOTAI JUNAN 1,879,277 B 1,879,277 SECURITIES(HONGKONG) LIMITED Hu Xiaofeng 1,833,840 B 1,833,840 Jin Yunhua 1,311,256 B 1,311,256 CREDIT SUISSE (HONG KONG) 1,049,915 B 1,049,915 LIMITED MAN,KWAI WING文贵荣 713,101 B 713,101 Miao Jun 550,000 B 550,000 Yang Yufei 502,278 B 502,278 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 Chapter III. Important Items 3.1 The great changes in company’s key financial statement, financial indicators, and the reasons √Applicable □Not applicable Unite:0000Yuan Beginning End of year +/-(%) to No. Items period Explanation period This period is mainly the increase in short-term 1 Monetary fund 20,538.1 11,631.6 76.6% borrowings of 108 million yuan, resulting in net cash flow increased financing activities Dividend reciivable with 240 thousand Yuan from 2 Dividend receivable - 24.0 -100.0% ME at the beginning of the year Accounts payable in The main part of the supplier's pre paid less than 3 1,385.4 3,267.4 -57.6% advance the initial period Accounts received in The main part of the customer's accounts 4 2,854.6 4,483.6 -36.3% advance receivable early than the initial decrease Mainly value-added tax and additional tax increase 5 Tax payable 1,520.4 607.4 150.3% compared with the beginning Mainly has been proposed to increase the interest 6 Interest payable 215.0 140.0 53.6% rate of short-term loans increased Non-current liabilities due Borrowings due within one year of the current 7 - 5,000 -100.0% within I year period 2016.1.1- +/-(%) to No. Items Last peirod Explanation 9.30 period Loss of impairment of This is the main period of sales of goods in stock, 10 -575.6 -368.5 56.2% assets stock prices back to 5 million 760 thousand yuan. First, the disposal of fixed assets revenue increased 3 million 290 thousand yuan, the reason is the disposal of the United States gasoline fixed assets, 11 Non-operating revenue 1,883.9 1,182.8 59.3% the two is to increase the assessment of the income of 1 million 50 thousand yuan this year, three government subsidies increased 4 million 730 thousand yuan 2 First, the loss of debt restructuring, an increase of 1 million 200 thousand, other expenses increased by 12 Non-operating cost 200.7 74.8 168.5% 530 thousand, the reason is that the current pay employees a one-time personal injury damages 550 thousand Other cash received This period is mainly received government grants 13 relating to operating 836.6 222.9 275.3% increased activities Net cash received from disposal of fixed assets, This period is mainly the sale of assets back to 10 14 1,000.0 6.4 15525.0% intangible assets and other million long-term assets Cash paid to acquire fixed This period is mainly paid mill processing 15 assets, intangible assets 4,909.9 1,027.9 377.6% equipment, 40 million 850 thousand yuan and other long-term assets The main period is ZWZ buy Dalian skf-wz Bearing Cash paid to acquire 16 - 1,125.00 -100.0% Co., Ltd. 51% stake, the issuance of bank credit 11 investment million 250 thousand yuan payment due This is the main period of audit according to the end Other cash received of 2015, a collection of this generation will discount, 17 relating to investing - 33,884.43 while the accumulation in the sales of goods or activities services received cash. " 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 2016 □ Applicable √Not applicable 3.5 Security investment information 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 Time/date Place Way Type of visitors Visitors Index catalog Telephone July 1,2016 Office Private investor Private investor communication Telephone August 1,2016 Office Private investor Private investor communication Telephone August 2,2016 Office Private investor Private investor communication Telephone September 13,2016 Office Private investor Private investor communication September 22,2016 Office Telephone Private investor Private investor 3 communication 4