Wafangdian Bearing Company Limited the Q3 abstract for 2017
Stock code：200706 Stock ID: Wazhou B Announcement No.2017-45
Wafangdian Bearing Company Limited the Q3 abstract for 2017
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
Wan Shouyi Independent director Busy work Liu Yuping
The charger of company Mr. Meng Wei, financial controller Ms. Sun Najuan and the charger of accounting department
Mr. Wang Jiyuan 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
2017.09.30 2016.12.31 the end of current period and
last year
Total assets(RMB) 3,368,772,988.61 3,553,947,227.09 -5.21%
Owner’s Equity Attributed to
Shareholders of Listed 1,378,331,607.49 1,379,337,925.55 -0.07%
Company(RMB)
2017.07-.09 +/-(%) to period 2017.01-.09 +/-(%) to period
Turnover(RMB) 484,963,005.25 -15.02% 1,620,463,580.58 -4.46%
Net profit attributable to shareholders of
386,046.39 3,019,681.94
the listed company(RMB)
Net profit attributable to the shareholders
of the
-5,518,330.61 -59.34% -7,080,584.92 -89.71%
listed company and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by business
-- -- -40,977,936.68 -313.58%
operation(RMB)
Basic earnings per share(Yuan/share) 0.0010 0.0080
Diluted earnings per share(Yuan/share) 0.0010 0.0080
Net assets yield (%) 0.03% 0.77% 0.22% 4.29%
Abnormal profit and loss items
√Applicable □Not applicable
Unit: Yuan
Abnormal profit and loss items 2017.01-2017.09
Profits and losses relating to disposal of fixed assets -10,614.25
Government grants recorded into profit or loss during current
4,890,166.91
period
Profits and losses relating to the debt restructure 1,697,754.73
Other non-business income and expenditures other than the above 4,701,345.34
Less: Influenced amount of income tax 1,178,385.87
Total 10,100,266.86
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
6875
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
shareholder
BOCI SECURITIES Foreign
1.37% 5,516,953
LIMITED shareholder
Domestic
Huang Junyue 1.18% 4,768,300
shareholder
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
Domestic
Jin Yunhua 0.33% 1,311,256
shareholder
GUOTAI JUNAN
Foreign
SECURITIES(HONGK 0.29% 1,184,900
shareholder
ONG) LIMITED
Domestic
Zhou Jie 0.25% 1,002,100
shareholder
MAN,KWAI Foreign private
0.18% 713,101
WING文贵荣 shareholder
Domestic
Ma Yuancheng 0.15% 596,966
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
BOCI SECURITIES LIMITED 5,516,953 B 5,516,953
Huang Junyue 4,768,300 B 4,768,300
Hu Xiaofeng 1,879,277 B 1,879,277
Jin Yunhua 1,311,256 B 1,311,256
1
GUOTAI JUNAN
1,184,900 B 1,184,900
SECURITIES(HONGKONG) LIMITED
Zhou Jie 1,002,100 B 1,049,915
MAN,KWAI WING文贵荣 713,101 B 713,101
Ma Yuancheng 596,966 B 596,966
Zhou Junlin 547,801 B 547,801
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 +/-(%) to
No. Items End of year Explanation
period period
The main reason is that the payment of the bill to the
supplier is about 171.41 million yuan, resulting in net cash
1 Monetary fund 11,228.4 18,441.6 -39.1%
flow of -40.98 million yuan, so the money funds are
reduced from the beginning of the year
The balance of the bill is more than the bill payment to the
2 Bills receivable 18,827.3 10,918.1 72.4% supplier, so the balance of the bill is increased at the
beginning of the year
Accounts payable Mainly based on the market changes,the advance of
3 2,520.8 1,608.5 56.7%
in advance material mills increased
Other accounts Mainly caused by prepaid expenses increase from the
4 2,587.7 1,970.6 31.3%
receivable beginning.
The main reason is that the initial funding of finished
products has been reduced by 87.17million,the production
fund has been reduced by 2 million at the beginning of the
5 Iventory 75,813.1 84,242.9 -10.0% period,and the reserve fund has increased by 4.52million
at the beginning of the period,and the low value
consumables have increased by 360,000 at the beginning
of the period
Other current Mainly because the branch company’s pending deduction
6 491.5 720.3 -31.8%
assets entry tax is less than the initial decrease.
Long-term prepaid Mainly increase spherical decorate 279000 modernize of
7 73.1 52.1 40.2%
expense the company.
The main issue is the bill issued to the supplier and the
8 Note payable 26,656.1 42,551.5 -37.4%
repayment of the notes payable due to the discount.
It is mainly the end value added tax and the tax attached,
9 Tax payable 737.3 1,914.1 -61.5%
the sale of the land value added tax is decreasing from
2
the beginning.
10 Interest payable - 92.7 -100.0% This is mainly due to a reduction in interest on borrowing.
Non-current At the beginning of this period, 90 million borrowings have
11 liabilities due within 5,000.0 9,000.0 -44.4% been repaid, the aditional 50 million yuan is a long-term
I year loan due in a year.
This period the long-term loan of 50 million yuan due in
12 Long-term loan - 5,000.0 -100.0% one year will be reclassified into a non-current liability in a
year.
2017.1.1-9. +/-(%) to
Items Last peirod Explanation
30 period
It is mainly affected by the change of the camp, the
Tax & surcharges
13 1,458.84 831.33 75.5% current tax and the increase of the year-on-year growth
for main operations
accounting inconsistencies.
It is mainly due to the recovery of the commodity value of
Loss of impairment
14 -1,252.37 -575.57 117.6% this period, the sale of overstocked goods, etc., to return
of assets
to the inventory price to be caused by the price.
Mainly because working capital loan interest year-on-year
increase of 3.65 million yuan, discount rates rose 2.23
15 Financial expense 3,057.55 2,082.91 46.8% million, year-on-year increase of 1.83 million exchange
loss, exchange earnings fell 5.62 million, long-term
borrowing interest year-on-year decline of 3.65 million."
According to the financial information [2017] no.15,
government subsidies related to daily activities will be
16 Other income 14.70 0.00
counted into other benefits in accordance with the
economic business substance.
This is mainly due to the decrease in the current
Non-operating
17 1,155.20 1,883.86 -38.7% non-current asset disposal, government subsidies and
revenue
debt restructuring.
The main issue is that there is no loss due to debt
18 Non-operating cost 27.33 200.70 -86.4%
restructuring in this period.
Mainly, the operation quality is stabilizing, the cost control
is strengthened, the management expenses and sales
19 Net profit 301.97 -5,381.18 -105.6%
expenses are obviously reduced, and the profitability of
the products is promoted.
Other cash
Mainly because the reduction in government subsidies
20 received relating to 545.9 836.6 -34.7%
operating activities received during this period.
The main payment of VAT and its attached tax, the sale of
21 Tax payments 6,516.9 3,763.4 73.2%
land value added tax increases.
Mainly because this period received 240,000 dividends
Cash received from
22 - 24.0 -100.0% from Shanghai Aaimuyi Electromechanical Equipment
investment incomes
Chain Company Limited in 2014.
Net cash received
from disposal of This period is mainly for the sale of the Harbin real estate
fixed assets,
23 492.2 1,000.0 -50.8% sales of 486.8 million yuan, and the same period 10
intangible
assets and other million is received the asset payment to the group.
long-term assets
Cash paid to
acquire fixed
assets, intangible Mainly because the construction of payment decline
24 827.7 4,909.9 -83.1%
assets and compared with last peirod.
other long-term
assets
3
Other proceeds Due to the impact of financing,resulting in the other cash
25 relating to financing 49,186.4 33,884.4 45.2% received that related to financing activities has increased
activities over the same period.
Due to the impact of financing,resulting in the other cash
Cash paid for other
26 44,824.8 30,000.0 49.4% payment related to financing activities has increased over
financing activities
the same period.
Effects of foreign
27 exchange rate -125.6 185.5 -167.7% It's mostly about dollar exchange rate movements.
changes on 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 2017
□ 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 Reception of investigations,communications,or interviews in the report period
Time/date Place Way Type of visitors Visitors Index catalog
Understand the company’s
Telephone
July 11,2017 Office Private investor Private investor production and operation
communication
status
3.8 Violation of guaranty
□ Applicable √Not applicable
3.9 Controlling shareholders and their related parties' non-operational appropriation of funds for listed
companies
□ Applicable √Not applicable
3.10 social responsibility of targeted poverty alleviation
4