Short title:WaZhou B                           Code：200706                                    No.: 2023-01



                             Wafangdian Bearing Company Limited
                               Estimated Performance for 2022

    The company and all members of the board of directors besides Zhao Qingtao and Fang Bo ensured the truth,
accuracy, completeness, no false record, misleading statement and fatal omit of the announcement.


      Zhao Qingtao and Fang Bo think the financial data related to the performance forecast of this reporting
period have not been audited and is uncertain.so they can not ensure the truth, accuracy, completeness, no
false record, misleading statement and fatal omit of the announcement.
 I. The estimated performance for the current period
 1.Performance period：January 1, 2022 to December 31, 2022.
 2. Estimated performance: Losses turn losses into gains
                              increase compared with last period Decline compared with last period


               Items                                 Current period                            Last period
 Net profit attributable to
 shareholders of a listed Loss:120 million yuan-170 million yuan                        Loss:205.74 million yuan
 company
 Net profit after deducting
                                Loss:136 million yuan– 186 million yuan                Loss:218.74 million yuan
 non-recurring gains and losses

 Basic earnings per share              Loss:0.3yuan per share– 0.42yuan per share      Loss:0.51yuan per share

II. The audited situation
The financial data related to the performance forecast of this reporting period have not been audited by
certified public accountants.However, the company has conducted pre-communication with the annual report
audit and accounting firm on the matters related to the performance forecast.There is no disagreement
between the Company and the accounting firm regarding the performance forecast during the reporting
period.

III. Statement for performance change
The company suffered losses during the reporting period, but the losses decreased compared to 2021,
mainly due to the following reasons:

1. During this reporting period, the company continued to strengthen production and operation management,
improve the efficiency of capital turnover, and it is expected that the reserve for inventory depreciation and
credit impairment losses will be significantly reduced compared with the same period last year, thus reducing
losses.

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     Short title:WaZhou B                          Code：200706                                  No.: 2023-01



2. Affected by the COVID-19 pandemic, the decline in product selling price and the rise in raw material
purchase cost, the gross profit margin of products has been further narrowed, resulting in the company still in
the state of loss.

IV. Other relative statement
1.The estimated performance is the preliminary data, The specific financial data of the company from
January to December 2022 will be disclosed in detail in the 2022 annual report.
2. The specified media for it is Securities Times and the website is http://www.cninfo.com.cn.The company's
information will be disclosed in line with relative laws and regulation, please pay attention to the investment
risk.


     Specially Announcement

                                                  Board of director of Wafangdian Bearing Co., Ltd

                                                                    January30, 2023




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