Wafangdian Bearing Company Limited 2020 Midyear Report Abstract
Stock ID:Wazhou B Stock code：200706 Announcement No.2020-21
Wafangdian Bearing Company Limited
2020 Midyear Report Abstract
I.Important Notes
This semi-annual report abstract is from the full text of the semi-annual report. In order to fully understand the company's business
results, financial situation and future development plan, investors should read the full text of the semi-annual report carefully in the
designated media of CSRC.
Statement of objection of directors, supervisors and senior managers
None
In addition to the following directors, the other directors attended the board meeting in person to review the semi-annual report
Names of directors not present Not present himself as a Reason for not attending the
Name of principal
in person director meeting in person
Non-standard audit opinion presentation
Applicable√Inapplicable
The profit distribution plan of common stock or the plan of accumulation fund to increase share capital during the reporting period
reviewed by the board of directors
Applicable√Inapplicable
The company plans not to distribute cash dividends, not to send red shares, not to increase the share capital accumulation fund.
Preferred stock profit distribution plan adopted by the board of directors during the reporting period
Applicable√Inapplicable
II.Basic Information of the company
1. Brief Information of the company
Abbreviated name of the stock 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
No. 1 Beigongji Street, Wafangdian City, No. 1 Beigongji Street, Wafangdian City, Liaoning
Correspondence address
Liaoning Province, China. Province, China.
Consulting telephone 0411-39116369 0411-39116731
E-mail zwz2308＠126.com zwz2308＠126.com
2.Main financial data and indicators
Whether the company needs to retroactively adjust or restate previous accounting data
□ yes √ no
current period previous period +/-comparing with the previous period
Operating income 999,645,101.91 957,539,400.42 4.40%
Net profit available for shareholders of listing
3,647,082.19 7,771,067.43 -53.07%
company
Net profit available for shareholders of listing
-4,526,512.88 6,193,570.78 -173.08%
company with abnormal incomes deducted
Net cash flows from operation activities 72,521,427.05 57,453,880.86 26.23%
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Wafangdian Bearing Company Limited 2020 Midyear Report Abstract
Basic gains on per share 0.01 0.02 -50.00%
Diluted gains on per share 0.01 0.02 -50.00%
Net returns on assets 0.30% 0.01% 0.29%
2020.06.30 2019.12.31 +/-comparing with the end of last year
Total assets 3,137,722,613.98 2,961,477,469.55 5.95%
Owners’ equity (shareholders’ equity) 1,197,880,498.57 1,226,441,398.45 -2.33%
3.The number and shareholding of the company's shareholders
unit：share
Total number of shareholder at
Total number of shareholder at the end of
6,216 the end of report period with 0
report period
preferred stock
Top 10 shareholders holdings
Impawned or Frozen Shares
Name Nature Ratio Total shares held Non-current shares held
Status Amount
Wafangdian
State-owned
Bearing Group 60.6% 244,000,000 244,000,000
shareholder
Corporation
AKTIEBOLAG Foreign
19.70% 79,300,000
ET SKF shareholder
China Merchants
State-owned
Securities Hong 1.90% 7,655,492
shareholder
Kong Co., Limited
Domestic
Huang Junyue 1.66% 6,672,268
shareholder
Domestic
Hu Xiaofeng 0.47% 1,879,277
shareholder
GUOTAI JUNAN
SECURITIES(HO Foreign
0.34% 1,365,900
NGKONG) shareholder
LIMITED
BOCI
Foreign
SECURITIES 0.33% 1,310,000
shareholderr
LIMITED
Domestic
Jin Yunhua 0.19% 750,000
shareholder
Domestic
Meng Qingliang 0.18% 734,548
shareholder
MAN,KWAI WING Foreign private
0.18% 713,101
文贵荣 shareholder
Among the top 10 shareholders of the company, there is no association or consistent action
A statement of the above between the largest shareholder and other shareholders or top 10 shareholders of tradable shares,
shareholders' association or and it is unknown whether there is any association or consistent action between other
concerted action shareholders, top 10 shareholders of tradable shares or top 10 shareholders of tradable shares and
other shareholders.
4. Change of controlling shareholders or actual controllers
Change of controlling shareholder during the reporting period
Applicable√Inapplicable
The controlling shareholders have not changed during the reporting period.
The actual controller changes during the reporting period
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Wafangdian Bearing Company Limited 2020 Midyear Report Abstract
Applicable√Inapplicable
The actual controller of the company during the reporting period has not changed.
5. The total number of preferred shareholders and the shareholding status of the top 10 preferred
shareholders of the company
Applicable√Inapplicable
No preferred stock ownership during the reporting period.
6. Corporate bonds
Does the company have corporate bonds which are publicly issued and listed on the stock exchange and which are not due on the
date of approval of the semi-annual report or which are not redeemed in full at maturity
NO
III. Discussion and analysis of business conditions
1. Brief introduction of operation during the reporting period
Whether companies are required to comply with specific industry disclosure requirements
No
During the reporting period the company by the outbreak of the new champions league, the influence of market demand and market
competition facing uncertainty continues to increase, competitors' market power is full of uncertainty, and product pricing for the
market and the production and operation of the company to bring greater risk; Company's artificial cost rising; Raw material price is
high; Company profits space is still grim.
During the reporting period, the company business income is 999.64 million yuan, up 4.4% from a year earlier. Net profit of 3.65
million yuan. Down 53.07% from a year earlier. By reporting period, the company's total assets of 3.138 billion yuan, is at the end of
last year's growth of 5.95%, attributable to shareholders of listed companies with a net worth of $1.198 billion, fell 2.33% at the end
of the year.
2.Related matters related to financial reports
(1)Changes in accounting policies, accounting estimates and accounting methods compared with the financial reports of the previous
accounting period
Applicable√Inapplicable
The company during the reporting period without accounting policies and accounting estimate change and accounting methods.
(2)Material accounting error correction during the reporting period requires retroactive restatement.
Applicable√Inapplicable
Company reporting period without major accounting errors correction need retroactive restatement.
(3)compared with the financial report of the previous accounting period, the scope of consolidated statements has changed
Applicable√Inapplicable
No changes in the scope of consolidated statements during the reporting period.
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