Wafangdian Bearing Company Limited the Q3 abstract for 2016 Stockcode：200706 StockID:*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.
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|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
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|-|-|-|-|-|-|-|
||||||+/-（％）compared between||
||2016.09.30||2015.12.31||the end of current period and||
||||||last year||
||3,508,307,604.58||3,523,969,203.48||||
|Total assets(RMB)|||||-0.44%||
|Owner’s Equity Attributed to|1,294,893,175.92||1,348,464,975.33||||
|Shareholders of Listed|||||-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%|
||-9,787,613.48|||-53,811,799.41|||
|Net profit attributable to shareholders of|||||||
|||141.60%||||-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 theCompany‘s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering their Securities to thePublic–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 thePublic–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
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|-|-|-|-|-|-|-|
|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 BearingGroup Corporation|State-ownedshareholder|60.61%|244,000,000|244,000,000|||
|AKTIEBOLAGET SKF|Foreignshareholder|19.70%|79,300,000|0|||
||||||Frozen|79,300,000|
|Huang Junyue|Domesticshareholder|1.01%|4,050,000|0|||
|BOCI SECURITIESLIMITED|Foreignshareholder|0.55%|2,220,000|0|||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreignshareholder|0.47%|1,879,277||||
|Hu Xiaofeng|Domesticshareholder|0.46%|1,833,840|0|||
|Jin Yunhua|Domesticshareholder|0.33%|1,311,256|0|||
|CREDIT SUISSE(HONG KONG)LIMITED|Foreignshareholder|0.26%|1,049,915|0|||
|MAN,KWAIWING文贵荣|Foreign privateshareholder|0.18%|713,101|0|||
|Miao Jun|Domesticshareholder|0.14%|550,000|0|||
|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|

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|-|-|-|-|
|BOCI SECURITIES LIMITED|2,220,000|B|2,220,000|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|1,879,277|||
|||B|1,879,277|
|Hu Xiaofeng|1,833,840|B|1,833,840|
|Jin Yunhua|1,311,256|B|1,311,256|
|CREDIT SUISSE (HONG KONG)LIMITED|1,049,915|||
|||B|1,049,915|
|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 incompany’s key financial statement, financial indicators, and the reasons√Applicable□Not applicable
Unite:0000Yuan
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|No.|Items|Beginningperiod|End of year|+/-(%) toperiod|Explanation|
|1|Monetary fund|20,538.1|11,631.6|76.6%|This period is mainly the increase in short-termborrowings of 108 million yuan, resulting in net cashflow increased financing activities|
|2|Dividend receivable|-|24.0|-100.0%|Dividend reciivable with 240 thousand Yuan fromME at the beginning of the year|
|3|Accounts payable inadvance|1,385.4|3,267.4|-57.6%|The main part of the supplier's pre paid less thanthe initial period|
|4|Accounts received inadvance|2,854.6|4,483.6|-36.3%|The main part of the customer's accountsreceivable early than the initial decrease|
|5|Tax payable|1,520.4|607.4|150.3%|Mainly value-added tax and additional tax increasecompared with the beginning|
|6|Interest payable|215.0|140.0|53.6%|Mainly has been proposed to increase the interestrate of short-term loans increased|
|7|Non-current liabilities duewithin I year|-|5,000|-100.0%|Borrowings due within one year of the currentperiod|
|No.|Items|2016.1.1-9.30|Last peirod|+/-(%) toperiod|Explanation|
|10|Loss of impairment ofassets|-575.6|-368.5|56.2%|This is the main period of sales of goods in stock,stock prices back to 5 million 760 thousand yuan.|
|11|Non-operating revenue|1,883.9|1,182.8|59.3%|First, the disposal of fixed assets revenue increased3 million 290 thousand yuan, the reason is thedisposal of the United States gasoline fixed assets,the two is to increase the assessment of the incomeof 1 million 50 thousand yuan this year, threegovernment subsidies increased 4 million 730thousand yuan|

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|12|Non-operating cost|200.7|74.8|168.5%|First, the loss of debt restructuring, an increase of 1million 200 thousand, other expenses increased by530 thousand, the reason is that the current payemployees a one-time personal injury damages 550thousand|
|13|Other cash receivedrelating to operatingactivities|836.6|222.9|275.3%|This period is mainly received government grantsincreased|
|14|Net cash received fromdisposal of fixed assets,intangible assets and otherlong-term assets|1,000.0|6.4|15525.0%|This period is mainly the sale of assets back to 10million|
|15|Cash paid to acquire fixedassets, intangible assetsand other long-term assets|4,909.9|1,027.9|377.6%|This period is mainly paid mill processingequipment, 40 million 850 thousand yuan|
|16|Cash paid to acquireinvestment|-|1,125.00|-100.0%|The main period is ZWZ buy Dalian skf-wz BearingCo., Ltd. 51% stake, the issuance of bank credit 11million 250 thousand yuan payment due|
|17|Other cash receivedrelating to investingactivities|33,884.43|-||This is the main period of audit according to the endof 2015, a collection of this generation will discount,while the accumulation in the sales of goods orservices 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 than5% 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
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|Time/date|Place|Way|Type of visitors|Visitors|Index catalog|
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|July 1,2016|Office||Private investor|Private investor||
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|August 1,2016|Office||Private investor|Private investor||
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|August 2,2016|Office||Private investor|Private investor||
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|September 13,2016|Office||Private investor|Private investor||
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|September 22,2016|Office|Telephone|Private investor|Private investor||

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