Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)
Stock code: 200706 stock short form: *ST Wazhou B Report code: 2017-17
Wafangdian Bearing Company Limited
The First Quarterly Report for 2017
(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 Mr. Wang Jiyuan
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 2017 Jan-Mar 2016 +/- to previous
Operating income(Yuan) 566,558,889.45 534,404,100.68
Net profits attributed Shareholders(Yuan) 1,998,535.48 2,340,344.55
Net cash flows from operation activities
3,495,485.07 16,496,758.57
Basic gains on per share 0.0050 0.0060
Diluted gains on per share 0.0050 0.0060
Jan-Mar 2017 Jan-Mar 2016 +/- to previous
Total assets 3,560,273,989.24 3,553,947,227.09
Owners’ equity (shareholders’ equity) 1,381,336,461.03 1,379,337,925.55
Items of non-recurring gains and losses
√ Applicable □ Inapplicable
Unit: RMB
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
7044 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
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)
Wafangdian Bearing State-owned
60.61% 244,000,000 244,000,000
Group Corporation shareholder
AKTIEBOLAGET Foreign
19.70% 79,300,000
SKF shareholder
Domestic
Huang Junyue 1.16% 4,680,000
shareholder
BOCI
Foreign
SECURITIES 0.94% 3,772,700
shareholder
LIMITED
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
GUOTAI JUNAN
SECURITIES(HO Foreign
0.36% 1,456,040
NGKONG) shareholder
LIMITED
Foreign
Jin Yunhua 0.33% 1,311,256
shareholder
MAN,KWAI Domestic
0.18% 713,101
WING shareholder
Domestic
Zhou Jie 0.16% 630,000
shareholder
Domestic
Zhou Junlin 0.14% 545,600
shareholder
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 4,680,000 B 4,680,000
BOCI SECURITIES LIMITED 3,772,700 3,772,700
Hu Xiaofeng 1,879,277 B 1,879,277
GUOTAI JUNAN B
SECURITIES(HONGKONG) 1,456,040 1,456,040
LIMITED
Jin Yunhua 1,311,256 B 1,311,256
MAN,KWAI WING 文贵荣 713,101 B 713,101
Zhou Jie 630,000 B 630,000
Zhou Jun lin 545,600 B 545,600
Liao Yun 514,500 B 514,500
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 % +/- to previous Reason
year year
Mainly the added-value taxand the
1 Tax payable 448 1,914.10 -1,466.10 -76.60%
attached is the beginning
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)
Mainly according to the provisions of the
tax law, in May 2016 to implement the
camp change increases, taxes and
additional accounting business activities
of consumption tax, urban construction
tax, resource tax, educational expenses
business tax and
2 510.1 248.4 261.7 105.30% to add, property tax and land use tax,
surcharges
stamp duty and other relevant taxes, so
will be in May 2016 after all management
cost of the tax adjustment to tax and
additional items, so the tax and
additional year-on-year growth.
Loss of Mainly cancel after Close the accounts
3 impairment of 10 0.1 9.9 9254.00% receivable from 9.9 millionYuan
assets
1.A fine income fell；2.The government
Non-operating
4
revenue
163.8 442.3 -278.6 -63.00% subsidies fell；3.Debt restructuring gains
fell
Other cash Mainly at the same time receive the first
received relating
5
to operating
73.3 130.7 -57.4 -43.90% major technical equipment insurance
activities premium subsidies to 76 millionYuan.
Mainly operating income rose, make the
added-value tax and its attached
6 Tax payments 3,077.40 1,306.00 1,771.50 135.60%
year-on-year increase
Mainly because received from return of
7 Tax payments 24 -24 -100.00% investment of 2014 from ME with 240
thousand Yuan.
Net cash
received from
disposal of fixed Mainly received income for sold Property
8 487.7 487.7
assets, intangible Harbin
assets and other
long-term assets
Cash paid to
acquire fixed Mainly because the cash paid on fix
9 assets, intangible 110.3 162.7 -52.4 -32.20% asset investment decline compared with
assets and other last peirod.
long-term assets
Mainly due to the impact of credit, so that
Proceeds from
10
borrowings
13,300.00 28,500.00 -15,200.00 -53.30% the current payment of debt to pay the
cash reduction
Mainly due to the impact of credit, so that
Repayment of
11
borrowings
11,800.00 22,000.00 -10,200.00 -46.40% the cash received in the current period to
reduce the cash
Mainly in current dollars for RMB
exchange rate fell 0.078 in January, the
RMB appreciation is bigger, exchange
Effects of foreign loss is bigger, 2, 3 months exchange
12 exchange rate -29.9 -54 24.1 -44.60% rates to rise, forming exchange earnings,
changes on cash the overall form exchange earnings,
earnings fell
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Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)
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 2017
□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 Method Object Content and documents supplied
Company earnings forecast, to verify
2017.01.24 Telephone communication Private investor
2017.02.08 Telephone communication Private investor Whether Company can turnround and pick the cap
Understand the company's second-largest
2017.02.23 Telephone communication Private investor shareholder SKF thaw
The company's production and operation situation
2017.02..24 Telephone communication Private investor
Understand the company's second-largest
2017.02.27 Telephone communication Private investor shareholder SKF thaw
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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