Wafangdian Bearing Company Limited the Q3 abstract for 2017 Stockcode：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.
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|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
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|-|-|-|-|-|-|-|
||||||+/-（％）compared between||
||2017.09.30||2016.12.31||the end of current period and||
||||||last year||
||3,368,772,988.61||3,553,947,227.09||||
|Total assets(RMB)|||||-5.21%||
|Owner’s Equity Attributed to|1,378,331,607.49||1,379,337,925.55||||
|Shareholders of Listed|||||-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%|
||386,046.39|||3,019,681.94|||
|Net profit attributable to shareholders of|||||||
|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 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|||||||
|||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 BearingGroup Corporation|State-ownedshareholder|60.61%|244,000,000|244,000,000|||
|AKTIEBOLAGET SKF|Foreignshareholder|19.70%|79,300,000||||
|BOCI SECURITIESLIMITED|Foreignshareholder|1.37%|5,516,953||||
|Huang Junyue|Domesticshareholder|1.18%|4,768,300||||
|Hu Xiaofeng|Domesticshareholder|0.47%|1,879,277||||
|Jin Yunhua|Domesticshareholder|0.33%|1,311,256||||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreignshareholder|0.29%|1,184,900||||
|Zhou Jie|Domesticshareholder|0.25%|1,002,100||||
|MAN,KWAIWING文贵荣|Foreign privateshareholder|0.18%|713,101||||
|Ma Yuancheng|Domesticshareholder|0.15%|596,966||||
|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|

|||||
|-|-|-|-|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|1,184,900|||
|||B|1,184,900|
|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 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|11,228.4|18,441.6|-39.1%|The main reason is that the payment of the bill to thesupplier is about 171.41 million yuan, resulting in net cashflow of -40.98 million yuan, so the money funds arereduced from the beginning of the year|
|2|Bills receivable|18,827.3|10,918.1|72.4%|The balance of the bill is more than the bill payment to thesupplier, so the balance of the bill is increased at thebeginning of the year|
|3|Accounts payablein advance|2,520.8|1,608.5|56.7%|Mainly based on the market changes,the advance ofmaterial mills increased|
|4|Other accountsreceivable|2,587.7|1,970.6|31.3%|Mainly caused by prepaid expenses increase from thebeginning.|
|5|Iventory|75,813.1|84,242.9|-10.0%|The main reason is that the initial funding of finishedproducts has been reduced by 87.17million,the productionfund has been reduced by 2 million at the beginning of theperiod,and the reserve fund has increased by 4.52millionat the beginning of the period,and the low valueconsumables have increased by 360,000 at the beginningof the period|
|6|Other currentassets|491.5|720.3|-31.8%|Mainly because the branch company’s pending deductionentry tax is less than the initial decrease.|
|7|Long-term prepaidexpense|73.1|52.1|40.2%|Mainly increase spherical decorate 279000 modernize ofthe company.|
|8|Note payable|26,656.1|42,551.5|-37.4%|The main issue is the bill issued to the supplier and therepayment of the notes payable due to the discount.|
|9|Tax payable|737.3|1,914.1|-61.5%|It is mainly the end value added tax and the tax attached,the sale of the land value added tax is decreasing from|

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|-|-|-|-|-|-|
||||||the beginning.|
|10|Interest payable|-|92.7|-100.0%|This is mainly due to a reduction in interest on borrowing.|
|11|Non-currentliabilities due withinI year|5,000.0|9,000.0|-44.4%|At the beginning of this period, 90 million borrowings havebeen repaid, the aditional 50 million yuan is a long-termloan due in a year.|
|12|Long-term loan|-|5,000.0|-100.0%|This period the long-term loan of 50 million yuan due inone year will be reclassified into a non-current liability in ayear.|
||Items|2017.1.1-9.30|Last peirod|+/-(%) toperiod|Explanation|
|13|Tax & surchargesfor main operations|1,458.84|831.33|75.5%|It is mainly affected by the change of the camp, thecurrent tax and the increase of the year-on-year growthaccounting inconsistencies.|
|14|Loss of impairmentof assets|-1,252.37|-575.57|117.6%|It is mainly due to the recovery of the commodity value ofthis period, the sale of overstocked goods, etc., to returnto the inventory price to be caused by the price.|
|15|Financial expense|3,057.55|2,082.91|46.8%|Mainly because working capital loan interest year-on-yearincrease of 3.65 million yuan, discount rates rose 2.23million, year-on-year increase of 1.83 million exchangeloss, exchange earnings fell 5.62 million, long-termborrowing interest year-on-year decline of 3.65 million."|
|16|Other income|14.70|0.00||According to the financial information [2017] no.15,government subsidies related to daily activities will becounted into other benefits in accordance with theeconomic business substance.|
|17|Non-operatingrevenue|1,155.20|1,883.86|-38.7%|This is mainly due to the decrease in the currentnon-current asset disposal, government subsidies anddebt restructuring.|
|18|Non-operating cost|27.33|200.70|-86.4%|The main issue is that there is no loss due to debtrestructuring in this period.|
|19|Net profit|301.97|-5,381.18|-105.6%|Mainly, the operation quality is stabilizing, the cost controlis strengthened, the management expenses and salesexpenses are obviously reduced, and the profitability ofthe products is promoted.|
|20|Other cashreceived relating tooperating activities|545.9|836.6|-34.7%|Mainly because the reduction in government subsidiesreceived during this period.|
|21|Tax payments|6,516.9|3,763.4|73.2%|The main payment of VAT and its attached tax, the sale ofland value added tax increases.|
|22|Cash received frominvestment incomes|-|24.0|-100.0%|Mainly because this period received 240,000 dividendsfrom Shanghai Aaimuyi Electromechanical EquipmentChain Company Limited in 2014.|
|23|Net cash receivedfrom disposal offixed assets,intangibleassets and otherlong-term assets|492.2|1,000.0|-50.8%|This period is mainly for the sale of the Harbin real estatesales of 486.8 million yuan, and the same period 10million is received the asset payment to the group.|
|24|Cash paid toacquire fixedassets, intangibleassets andother long-termassets|827.7|4,909.9|-83.1%|Mainly because the construction of payment declinecompared with last peirod.|

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|25|Other proceedsrelating to financingactivities|49,186.4|33,884.4|45.2%|Due to the impact of financing,resulting in the other cashreceived that related to financing activities has increasedover the same period.|
|26|Cash paid for otherfinancing activities|44,824.8|30,000.0|49.4%|Due to the impact of financing,resulting in the other cashpayment related to financing activities has increased overthe same period.|
|27|Effects of foreignexchange ratechanges on cash|-125.6|185.5|-167.7%|It's mostly about dollar exchange rate movements.|

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 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
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|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||||
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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