Wafangdian Bearing Compnay Limited The Q1 Report for 2019 Stock code: 200706 stock short form: Wazhou B Report code: 2019-09
Wafangdian Bearing Company Limited
The Q1 Report for 2019
§1 Important Notes
The Board of Directors, Board of Supervisors, directors, supervisors, and top management of the Company hereby guaranteed that there are no false records, misleading statements, and major omits in this report, and assumed the individual and associated 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|
|Liu Yuping|Independent Diretor|Busy work|Wen Bo|
|Liang Shuang|Independent Diretor|Busy work|Sun Kun|

Chairman of the Board Mr. Meng Wei, Financial manager Ms.Sun Najuan, Accounting charger Ms.Sun Najuan hereby confirms that the Financial Report of the quarterly report is true and complete.
§2 Major accounting data and shareholder change
1 .Major accounting data and financial indexes
Whether the company needs to retroactively adjust or restate previous accounting data
√ApplicableInapplicable
Retroactively adjust or restate the reason
Accounting policy change
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Jan-Mar 2019|||Jan-Mar 2018||||+/- to previous|
|||||Before the|After the adjustment|||After theadjustment|
|||||adjustment|||||
|Operating income(Yuan)|475,596,504.32|||486,916,871.06|486,916,871.06|||-2.32%|
|Net profits attributed Shareholders(Yuan)|3,072,545.00|||1,020,973.46|1,020,973.46|||200.94%|
|Net profit (yuan) deducting non-recurring|53,267.40||-1,874,291.16||-1,874,291.16||-102.84%||
|gains and losses attributable to shareholders|||||||||
|of the listed company|||||||||
|Net cash flows from operation activities|-40,453,537.22|||60,684,129.17|60,684,129.17|||-166.66%|
|Basic gains on per share|0.0080|||0.003|0.0030|||166.67%|
|Diluted gains on per share|0.0080|||0.003|0.0030|||166.67%|
|Weighted average return on equity(yuan)||0.22%||0.07%||0.07%||0.15%|
||2019.3.31|||2018.12.31||||+/- to previous|
|||||Before the|After the adjustment|||After theadjustment|
|||||adjustment|||||
|Total assets(yuan)||3,249,655,930.90||3,219,926,745.82||3,219,926,745.82||0.92%|
|Owners’ equity (shareholders’ equity)(yuan)||1,383,100,225.64||1,386,515,848.17||1,386,515,848.17||-0.25%|

 2017 promulgated by the Ministry of Finance to “the Accounting Standards for Enterprises No. 22 - Recognition and Measurement of Financial
Instruments”(Finance and Accounting[2017]No. 7), “the Accounting Standards for Enterprises No. 23 - Transfer of Financial Assets (Finance and
Accounting[2017]No. 8), “the Accounting Standards for Enterprises No. 24 - Hedging Accounting”( Finance and accounting[2017]No. 9), “the
Accounting Standards for Enterprises No. 37 - Presentation of Financial Instruments” (Finance and Accounting[2017] No. 14), requirement of
domestic listed companies shall enter into force as of January 1, 2019 new financial instruments accounting standards.
Wafangdian Bearing Compnay Limited The Q1 Report for 2019 On June 15, 2018 promulgated by the Ministry of Finance “on the Revised Printed and Distributed to 2018 annual General Corporate Financial Statements Format Notice”(Finance and Accounting[2018] no. 15 )(hereinafter referred to as the "Finance and Accounting[2018] 15"), calling for the accounting standards for enterprises to non-financial companies according to the revised general enterprise financial report format (applicable to not implement new financial rules and new income criterion of enterprises) to prepare its financial statements. In accordance with the above notice and the provisions and requirements of the above accounting standards for enterprises, the company shall make corresponding changes to the original accounting policies.
Items of non-recurring gains and losses
 Applicable□ Inapplicable
Unit: RMB
||||
|-|-|-|
|Items of non-recurring gains and losses|Amount|Note（if applicable）|
|Gain or loss form disposal of non-current assets|-1,339.32||
|Gains and losses included in the current period of government subsidies, excluding thosegovernment grants which are closely related to normal business and in line with nationalpolicy, or in accordance with fixed standards or quantities|||
||1,842,138.97||
|Profit of loss from debts restructuring|610,883.60||
|Other non-business income and expenditures other than the above|921,795.28||
|Influenced amount of income tax|354,200.93||
|Total|3,019,277.60|-|

For the company according to the "Company Information Disclosure of Securities for Public Issuance Explanatory Announcement No. 1 - Non-Recurring Profit and Loss "define non-recurring gains and losses as defined in the project, and put the "company information disclosure of securities for public issuance explanatory announcement No. 1 - non-recurring profit and loss of non-recurring profit and loss items "defined as listed in the current profits and losses of the project, should be explained the reasons.
 Applicable Inapplicable
During the reporting period of the company, there is no circumstance that the non-recurring profit and loss items listed in the explanatory notice no. 1 -- non-recurring profit and loss of the company information disclosure of publicly issued securities are defined as recurring profit and loss items. 2 .Total number of shareholders at the end of the report period and shares held by the top ten shareholders
Unit:: Share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total number of shareholder at the end of||||Total number of shareholder at the end of report period with||||||
|||6,552||||||0||
|report period||||preferred stock||||||
|Shareholders with 5% or above Shares||||||||||
||||||||Impawned or Frozen Shares|||
||||||Total shares|Non-current||||
|Name|Nature||Ratio|||||||
||||||held|shares held||||
||||||||Status||Amount|
|Wafangdian BearingGroup Corporation|State-owned shareholder||60.61%||244,000,000|244,000,000||||
|AKTIEBOLAGET SKF|Foreign shareholder||19.70%||79,300,000|||||
|China MerchantsSecurities Hong KongLimitied|State-owned shareholder||1.74%||7,020,138|||||
|Huang Junyue|Domestic shareholder||1.59%||6,390,668|||||
|Hu Xiaofeng|Domestic shareholder||0.47%||1,879,277|||||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Foreign shareholder||0.35%||1,412,406|||||
|Jin Yunhua|Domestic shareholder||0.33%||1,311,256|||||
|Chen Haitao|Domestic shareholder||0.19%||750,896|||||
|MAN,KWAI WING|Foreign shareholder||0.18%||713,101|||||
|Meng Qingliang|Domestic shareholder||0.17%||694,948|||||
|Top Ten Tradable Shareholders||||||||||
|||Current shares held at end of year|||||Category of Shares|||
|Name||||||||||
||||||||Categories|Amount||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
|||||
|-|-|-|-|
|AKTIEBOLAGET SKF|79,300,000|B|79,300,000|
|China Merchants Securities Hong KongLimitied|7,020,138|B|7,020,138|
|Huang Junyue|6,176,158|B|6,176,158|
|Hu Xiaofeng|1,879,277|B|1,879,277|
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|1,441,206|B|1,441,206|
|Jin Yunhua|1,311,256|B|1,311,256|
|Chen Haitao|750,896|B|750,896|
|MAN,KWAI WING|713,101|B|713,101|
|Meng Qinglliang|587,584|B|587,584|
|Zhou Lin|575,100|B|575,100|
|Explanation for the Affiliated Relations or||||
||There was no relationship and consistent activities between the first big shareholder and other shareholders|||
|United Action of the Top Ten||||
||or the top ten common stock holders; The relationship among other shareholders, top ten circulation|||
|Shareholders and the Top Ten Tradable||||
||shareholders, top ten circulation shareholders and other shareholders was not clear.|||
|Shareholders||||

§3 Significant items
1 Particulars dates changes over30% in items of main accounting statement and financial index , and explanations of reasons
√Applicable□Inapplicable Unite: 0000RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|No.|Item|ClosingAmount|OpeningAmoount|(+/_)Amoumount|(+/_)Ratio|Reasons for Change||
|1|Other Receivables|3,564|9,226|-5,661|-61.4%|Liaoyang bearing received 59.63 million yuan fromLiaoyang Land Acquisition and Storage Center||
|2|Other payables-Interestpayable|17|75|-58|-77.4%|It is the short-term loan interest that does not havematurity to pay at the beginning of the plan basically is750,000 yuan||
|3|Research anddevelopment expense|154|94|59|62.7%|This is mainly due to the increase in the cost of productresearch and development abroad||
|4|Loss of impairment ofassets|-|-1|1|-100.0%|During the same period, wuxi branches recovered 13,000yuan of receivables of Wuxi Simles Petroleum SpecialPipe Manufacturing Co., LTD||
|5|Other Income|184|108|76|69.9%|In this period, 798 thousand yuan is allocated for theproject of fully automatic testing line before the railwaytruck bearing ring is installed||
|6|Proceeds from disposal ofassets|-|24|-24|-100.0%|It is the same period last year to confirm the sale of realestate prandang shop income of 240,000 yuan||
|7|Non-operating expense|7|2|5|267.6%|Non-operating expenses of subsidiaries||
|8|Other cash receivedrelating to operatingactivities|6,148|61|6,087|9950.4%|Mainly, Liaoyang bearing received 59.63 million yuanfrom liaoyang land acquisition and storage center and 1.2million yuan from shenyang jinhongyun material recyclingCo., LTD||
|9|Cash paid for goods andservices|15,412|5,283|10,129|191.7%|Increased payments to suppliers.||
|10|Tax payments|1,150|2,548|-1,398|-54.9%||The main reason is that the VAT paid has decreased by|
||||||||14.05 million yuan year-on-year,real estate tax and land|
||||||||use tax will be paid quarterly instead of monthly from|
||||||||January 1, 2019, down by 860,000 yuan year-on-year.|
|11|Other cash paid relating tooperating activities|9,618|2,583|7,035|272.4%|In this period, Liaoyang bearing paid 59.63 million yuan ofloan and interest compensation to baolin company, andpaid 9 million yuan of group lease fee and trademark usefee||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019 Net cash received from This period received 800,000 yuan of equipment from disposal of fixed assets, Haerbin Ruiying Metal Materials Recycling Co., LTD., and 12 80 125 -45 -36.1%
intangible assets and other 1,251,000 yuan of property income from the sale of dalian long-term assets during the same period
||||||||
|-|-|-|-|-|-|-|
|13|Cash paid to acquire fixedassets, intangible assetsand other long-term assets|108|68|40|58.5%|The main reason is that the payment to suppliers hasincreased in this period|
|14|Cash Repayments ofAmount Borrowed|5,000|9,206|-4,206|-45.7%|Mainly affected by the inverted loan, so that the currentpayment of debt to reduce cash on a year-on-year basis|
|15|Cash paid for otherfinancing activities|4,200|12,472|-8,272|-66.3%|Mainly is easy to reach financing and orders under thecurrency financing repayment year-on-year decrease|
|16|Effects of foreignexchange rate changes oncash|-97|-74|-23|31.4%|Mainly is the US dollar against the RMB exchange ratecontinues to decline, exchange losses increased|

2 Progress of significant events, their influence, and analysis and explanation of their solutions
□Applicable√Inapplicable
Implementation progress of share repurchase
□Applicable√Inapplicable
Implementation progress of share buyback reduction through centralized bidding
□Applicable√Inapplicable
3 The company, shareholders, actual controller, the acquirer, directors, supervisors and senior management personnel or other related parties to fulfill commitments and the final report has not been fulfilled in the reporting period
□Applicable√Inapplicable
During the reporting period of the company, there are no commitments made by the actual controller, shareholders, related parties, acquirers and other relevant parties of the company that have not been fulfilled within the reporting period.
4 Estimation of accumulative net profit from Jan to June 2019
It is predicted that the accumulative net profit from the beginning of the year to the end of the next reporting period may be a loss or a warning and explanation of reasons for a substantial change compared with the same period of the previous year
□Applicable√Inapplicable
5 Particular about security investment
□Applicable√Inapplicable
There is no security investment in the company during the reporting period.
6 Particular about derivatives
□Applicable√Inapplicable
There is no derivative investment during the reporting period.
7 Activities on receiving research, communication and interview in the report period
|||||
|-|-|-|-|
|Time|Method|Object|Content and documents supplied|
|2019.02.25|Telephone communication|Private investor|The company's production and operation situation|
|2019.03.15|Telephone communication|Private investor|The company's production and operation situation|

8 Illegal external guarantee
□Applicable√Inapplicable
Wafangdian Bearing Compnay Limited The Q1 Report for 2019 There is no violation of external guarantee during the reporting period.
9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable√Inapplicable
During the reporting period of the company, there is no non-operating capital occupied by the controlling shareholder or its related parties to the listed company.
§4 Appendix
I、 Balance sheet
Consolidated Balance Sheet.
Preparation unit: Wafangdian Bearing Co., LTD
March31, 2019
Unit:
RMB Yuan
||||||
|-|-|-|-|-|
|Item||March31, 2019||December31, 2018|
|Current assets ：|||||
|Monetary fund||234,840,446.02||247,229,860.99|
|Financial asset measured at FV and any|337,446.44||298,925.16||
|change recognized in income|||||
|Notes receivable & Accounts receivable||1,282,270,075.91||1,235,257,555.58|
|Including: Notes receivable||83,637,332.35||93,624,563.82|
|Accounts receivable||1,198,632,743.56||1,141,632,991.76|
|Advances to suppliers||25,468,771.14||21,885,856.45|
|Other receivable||35,642,984.14||92,255,736.14|
|Including: Interest receivable|||||
|Dividend reciivable||1,250,000.00||1,250,000.00|
|Inventory||739,994,060.25||747,511,054.75|
|Other current assets||12,172,853.51||14,184,383.36|
|Total current assets||2,330,726,637.41||2,358,623,372.43|
|Non- current assets：|||||
|Financial assets available-for-sale||2,000,000.00||2,000,000.00|
|Other equity vehicle investments||2,503,766.95|||
|Investment property||127,685,590.13||129,270,498.66|
|Fixed assets||639,314,408.36||661,598,663.85|
|Construction in progress||49,794,947.10||48,159,927.20|
|Intangible assets||84,869,964.88||85,667,085.86|
|Long-term prepaid expense||1,121,368.04||1,208,536.46|
|Deferred tax assets||11,639,248.03||11,639,248.03|
|Other non-current assets|||||
|Total non-current assets||918,929,293.49||939,543,960.06|
|Total assets||3,249,655,930.90||3,298,167,332.49|
|Current liabilities|||||
|Short-term loan||570,000,000.00||620,000,000.00|
|Note payable and Accounts payable||1,126,224,880.69||1,058,073,857.65|
|Accounts received in advance||15,767,196.95||21,286,971.52|
|Employee benefits||12,125,985.21||12,248,327.93|

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||
|-|-|-|
|Tax payable|7,879,039.11|7,242,006.46|
|Other payables|68,074,272.28|131,854,654.39|
|Including: Interest payable|168,910.71|748,135.28|
|Dividends payable|360,000.00|360,000.00|
|Other current liabilities|4,920,248.12|4,920,248.12|
|Total current liabilities|1,804,991,622.36|1,855,626,066.07|
|Non-current liabilities|||
|Long-term loan|396,698.98|396,698.98|
|Deferred income|60,330,511.77|61,284,650.74|
|Deferred tax liabilities|836,872.15|836,872.15|
|Other non-current liabilities|||
|Total non-current liabilities|61,564,082.90|62,518,221.87|
|Total liabilities|1,866,555,705.26|1,918,144,287.94|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital public reserves|485,691,050.47|485,691,050.47|
|Reasonable reserve|4,636.09||
|Surplus reserve|136,770,391.01|136,770,391.01|
|Undistributed profit|358,034,148.07|354,961,603.07|
|Equity attributable to parent company|1,383,100,225.64|1,380,023,044.55|
|Minority interest|||
|Total owner’s equity|1,383,100,225.64|1,380,023,044.55|
|Total owner’s equity and liabilities|3,249,655,930.90|3,298,167,332.49|

Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Sun Najuan
2.Balance Sheet Of Parent Company
Unit:
RMB Yuan
||||||
|-|-|-|-|-|
|Item||March31, 2019||December31, 2018|
|Current assets ：|||||
|Monetary fund||229,850,181.56||146,186,890.65|
|Financial assets held-for-trading|||||
|Financial asset measured at FV and any change|337,446.44||298,925.16||
|recognized in income|||||
|Notes receivable & Accounts receivable||1,283,255,483.61||1,299,378,046.46|
|Including：Notes receivable||80,692,449.83||89,620,372.80|
|Accounts receivable||1,202,563,033.78||1,209,757,673.66|
|Advances to suppliers||22,552,458.71||19,008,909.78|
|Other receivable||18,255,586.75||14,963,827.46|
|Including: Interest receivable|||||
|Dividend reciivable||1,250,000.00||1,250,000.00|
|Inventory||678,175,584.60||680,255,742.99|
|Other current assets||12,164,484.72||13,765,726.62|
|Total current assets||2,244,591,226.39||2,173,858,069.12|
|Non-current assets：|||||
|Financial assets available-for-sale||2,000,000.00||2,000,000.00|
|long-term equity investment||211,583,897.67||211,583,897.67|
|Other equity vehicle investments||2,503,766.95|||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||
|-|-|-|
|Investment property|111,940,460.31|113,277,687.13|
|Fixed assets|442,868,798.60|460,415,212.74|
|Construction in progress|49,177,198.00|47,699,459.65|
|Intangible assets|67,063,680.90|67,683,392.22|
|Long-term prepaid expense|944,491.06|1,017,695.53|
|Deferred tax assets|10,350,000.00|10,350,000.00|
|Other non-current assets|||
|Total non-current assets|898,432,293.49|914,027,344.94|
|Total assets|3,143,023,519.88|3,087,885,414.06|
|Current liabilities|||
|Short-term loan|570,000,000.00|620,000,000.00|
|Note payable and Accounts payable|1,036,730,809.87|929,608,079.68|
|Accounts received in advance|16,136,920.63|21,976,484.62|
|Employee benefits|5,481,785.76|5,520,469.68|
|Tax payable|4,481,301.17|4,783,202.06|
|Other payables|45,893,747.71|50,471,992.39|
|Including: Interest payable|168,910.71|748,135.28|
|Dividends payable|360,000.00|360,000.00|
|Other current liabilities|3,869,474.53|3,869,474.53|
|Total current liabilities|1,682,594,039.67|1,636,229,702.96|
|Non-current liabilities|||
|long-term account payable|296,698.98|296,698.98|
|prospective liabilities|28,717,818.80|29,671,957.77|
|Deferred income|||
|Deferred tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|29,014,517.78|29,968,656.75|
|Total liabilities|1,711,608,557.45|1,666,198,359.71|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital public reserves|485,678,443.26|485,678,443.26|
|Surplus reserve|136,770,391.01|136,770,391.01|
|Undistributed profit|406,366,128.16|396,638,220.08|
|Total owner’s equity|1,431,414,962.43|1,421,687,054.35|
|Total owner’s equity and liabilities|3,143,023,519.88|3,087,885,414.06|

3. Consolidated Income Sheet.
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Total operating income|475,596,504.32|486,916,871.06|
|Including: Operating revenue|475,596,504.32|486,916,871.06|
|2.Total operating cost|475,935,959.13|489,118,101.07|
|Including: Operating cost|412,133,312.96|427,512,808.83|
|Interest expenses|||
|Tax & surcharges for main operations|4,382,352.34|4,462,341.83|
|Selling expenses|35,862,031.41|30,728,507.29|
|Administrative expense|13,963,367.61|15,486,196.42|

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||||
|-|-|-|-|-|
|Research and development expense||1,536,579.45||944,391.60|
|Financial expense||8,058,315.36||9,996,641.95|
|Including: interest expenses||6,536,531.45||7,099,339.02|
|interest revenue||269,689.67||123,089.85|
|Loss of impairment of assets||||-12,786.85|
|Credit impairment losses|||||
|Add:Other income||1,842,138.97||1,083,952.09|
|Investment income(loss with "-")|||||
|Gains of change of fair value of assets(loss with"-")||38,521.28|||
|3.Operating profit (loss with"-")||1,541,205.44||-873,782.10|
|Add: Non-operating revenue||1,599,173.75||1,913,208.28|
|Less: Non-operating cost||67,834.19||18,452.72|
|4.Total profit(loss with"-")||3,072,545.00||1,020,973.46|
|Less: Income tax expenses|||||
|5. Net profit(Loss with"-")||3,072,545.00||1,020,973.46|
|(I) classification by business continuity|||||
|1.Net income from continuing operations (net loss|3,072,545.00||1,020,973.46||
|marked with "-")|||||
|2.Termination of net operating profit (net loss|||||
|marked with "-")|||||
|(II) classification by ownership|||||
|1.Net profit attributable to shareholders of parent|3,072,545.00||1,020,973.46||
|company|||||
|2.Minority interests|||||
|6. Total comprehensive returns|||||
|Total comprehensive returns available for parent|||||
|company|||||
|7.Total comprehensive income||3,072,545.00||1,020,973.46|
|The aggregate amount of earnings attributable to a|3,072,545.00||1,020,973.46||
|minority shareholder|||||
|8.Earnings per share|||||
|(1) Basic earnings per share||0.0080||0.0030|
|(2) Diluted earnings per share||0.0080||0.0030|

If the enterprise is merged under the same control in the current period, the net profit realized by the merged party before the merger shall be: yuan, and the net profit realized by the merged party in the previous period shall be: yuan.
Chairman: Meng Wei General Accountant : Sun Najuan Accounting charger: Sun Najuan
4.Income Sheet of Parent Company.
Unit:
RMB Yuan
||||
|-|-|-|
|Item|Account for the current period|Account for the prior period|
|1.Total operating income|493,298,802.90|477,530,087.59|
|less: Operating cost|429,012,779.16|422,790,747.17|
|Tax & surcharges for main operations|3,703,799.12|3,751,536.66|
|Selling expenses|35,452,990.08|30,087,325.87|
|Administrative expense|8,848,725.26|9,655,185.72|
|Research and development expense|1,383,611.53|790,541.60|
|Financial expense|8,064,278.48|9,995,972.04|
|Including: interest expenses|6,536,531.45|7,099,339.02|

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
|||||
|-|-|-|-|
|interest revenue|258,298.35||119,642.32|
|Investment income(loss with "-")|||-12,786.85|
|Credit impairment losses||||
|Add:Other income|1,842,138.97||972,738.97|
|Investment income(loss with "-")||||
|Gains of change of fair value ofassets(loss with"-")|38,521.28|||
|Proceeds from disposal of assets (lossmarked with "-")||243,495.82||
|2.Operating profit (loss with"-")|8,713,279.52||1,687,800.17|
|Add: Non-operating revenue|1,019,173.75||1,603,392.64|
|Less: Non-operating cost|4,545.19||7,042.25|
|3.Total profit(loss with"-")|9,727,908.08||3,284,150.56|
|Less: Income tax expenses||||
|4 Net profit(Loss with"-")|9,727,908.08||3,284,150.56|
|(I) net profit from continuing operations(marked with "-" for net loss)|9,727,908.08|3,284,150.56||
|(II) termination of net profit (net loss ismarked with "-")||||
|5.The net after-tax amount of othercomprehensive income||||
|6. Total comprehensive returns|9,727,908.08||3,284,150.56|
|7.Earnings per share||||
|(1) Basic earnings per share|0.020||0.070|
|(2) Diluted earnings per share|0.020||0.070|

5.Consolidated Cash Flow Statement.
Unit: RMB yuan
|||||
|-|-|-|-|
|Item|Account for the current period||Account for the prior period|
|1.Cash from operating activities||||
|Cash received from sale of goods orrendering of services|225,033,197.82|226,336,733.99||
|Other cash received relating to operatingactivities|61,483,446.38|611,751.60||
|Sub-total of cash inflows|286,516,644.20||226,948,485.59|
|Cash paid for goods and services|154,120,728.93||52,828,756.15|
|Cash paid to or on behalf of theemployees|65,170,626.74|62,128,678.39||
|Tax payments|11,499,830.03||25,479,762.27|
|Other cash paid relating to operatingactivities|96,178,995.72|25,827,159.61||
|Sub-total of cash outflows fromoperating activities|326,970,181.42|166,264,356.42||
|Net cash flows from operatingactivities|-40,453,537.22|60,684,129.17||
|2.Cash flows from investing activities||||
|Cash received from return of investment||||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||||
|-|-|-|-|-|
|Net cash received from disposal of fixed|800,000.00||1,251,120.00||
|assets, intangible assets and other|||||
|long-term assets|||||
|Sub-total of cash inflows to investing|800,000.00||1,251,120.00||
|activities|||||
|Cash paid to acquire fixed assets,|1,083,584.14||683,673.19||
|intangible assets and other long-term|||||
|assets|||||
|Cash paid to acquire investment|||||
|Sub-total of cash outflows to|1,083,584.14||683,673.19||
|investing activities|||||
|Net cash flows from investment|-283,584.14||567,446.81||
|activities|||||
|3.Cash flows from financing activities:|||||
|Cash received from absorbing|||||
|investment|||||
|Repayment of borrowings||||90,000,000.00|
|Receiving other cash in connection with|92,190,000.00||89,906,186.11||
|financing activities|||||
|Sub-total of cash inflows from|92,190,000.00||179,906,186.11||
|financing activities|||||
|Cash Repayments of Amount Borrowed||50,000,000.00||92,064,872.18|
|Distribution of dividends or profits &|6,527,633.56||7,501,070.67||
|interest expenses|||||
|Including: dividends or profit paid to|||||
|minority interest|||||
|Cash paid for other financing activities||42,000,000.00||124,724,590.83|
|Sub-total of cash outflows from|98,527,633.56||224,290,533.68||
|financing activities|||||
|Net cash flows from financing|-6,337,633.56||-44,384,347.57||
|activities|||||
|4. Effects of foreign exchange rate|-966,541.68||-735,429.55||
|changes on cash|||||
|5.Net increases in cash and cash|-48,041,296.60||16,131,798.86||
|equivalents|||||
|Add: cash and cash equivalent, at the|188,431,805.23||58,043,497.54||
|beginning of year|||||
|6.Cash and cash equivalent at the end|140,390,508.63||74,175,296.40||
|of the year|||||

6.Cash Flow Statement Of Parent Company.
Unit: RMB yuan
||||||
|-|-|-|-|-|
|Item||Account for the current period||Account for the prior period|
|1.Cash from operating activities|||||
|Cash received from sale of goods or|223,596,147.47||222,170,455.44||
|rendering of services|||||
|Refund of taxes and fares|||||
|Other cash received relating to operating|1,836,506.49||601,928.03||
|activities|||||
|Sub-total of cash inflows from|225,432,653.96||222,772,383.47||
|operating activities|||||
|Cash paid for goods and services||108,334,301.75||66,352,243.97|
|Cash paid to or on behalf of the||54,378,350.55||49,375,461.40|

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||||
|-|-|-|-|-|
|employees|||||
|Tax payments||9,413,771.31||22,630,109.61|
|Other cash paid relating to operating|34,693,242.89||23,702,418.65||
|activities|||||
|Sub-total of cash outflows||206,819,666.50||162,060,233.63|
|Net cash flows from operating activities||18,612,987.46||60,712,149.84|
|2.Cash flows from investing activities|||||
|Net cash received from disposal of fixed|800,000.00||1,251,120.00||
|assets, intangible assets and other|||||
|long-term assets|||||
|Sub-total of cash inflows||800,000.00||1,251,120.00|
|Cash paid to acquire fixed assets,|1,079,094.14||670,583.19||
|intangible assets and other long-term|||||
|assets|||||
|Sub-total of cash outflows||1,079,094.14||670,583.19|
|Net cash flows from investment|-279,094.14||580,536.81||
|activities|||||
|3.Cash flows from financing activities：|||||
|Proceeds from borrowings||||90,000,000.00|
|Other proceeds relating to financing|92,190,000.00||89,906,186.11||
|activities|||||
|Sub-total of cash inflows||92,190,000.00||179,906,186.11|
|Repayment of borrowings||50,000,000.00||92,064,872.18|
|Distribution of dividends or profits &|6,525,942.36||7,500,683.26||
|interest expenses|||||
|Cash paid for other financing activities||42,000,000.00||124,724,590.83|
|Sub-total of cash outflows||98,525,942.36||224,290,146.27|
|Net cash flows from financing activities||-6,335,942.36||-44,383,960.16|
|4. Effects of foreign exchange rate|-966,541.68||-735,429.55||
|changes on cash|||||
|5.Net increases in cash and cash|11,031,409.28||16,173,296.94||
|equivalents|||||
|Add: cash and cash equivalent, at the|87,388,834.89||54,083,755.28||
|beginning of year|||||
|6.Cash and cash equivalent at the end|98,420,244.17||70,257,052.22||
|of the year|||||

II. Adjustment statement of financial statements
1.First implementation of new financial instrument standards, new income standards, new lease standards adjustment first implementation of financial statements at the beginning of the year.
ApplicableInapplicable
1.Consolidated Balance Sheet
Unit:
RMB Yuan
|||||||
|-|-|-|-|-|-|
|Item||December31, 2018||January1, 2019|Adjusted Amount|
|Current assets ：||||||
|Monetary fund|247,229,860.99|||247,229,860.99||
|Trading financial assets||Inapplicable||||
|Financial asset measured at FV and any change|298,925.16||Inapplicable|||
|recognized in income||||||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||||
|-|-|-|-|-|
|Notes receivable & Accounts receivable|1,235,257,555.58|||1,235,257,555.58|
|Including: Notes receivable|93,624,563.82|||93,624,563.82|
|Accounts receivable|1,141,632,991.76|||1,141,632,991.76|
|Advances to suppliers|21,885,856.45|||21,885,856.45|
|Other receivable|92,255,736.14|||92,255,736.14|
|Including: Interest receivable|||||
|Dividend reciivable|1,250,000.00|||1,250,000.00|
|Inventory|747,511,054.75|||747,511,054.75|
|Contract assets||Inapplicable|||
|Other current assets|14,184,383.36|||14,184,383.36|
|Total current assets|2,358,623,372.43|||2,358,623,372.43|
|Non- current assets：|||||
|Creditors' investment||Inapplicable|||
|Financial assets available-for-sale|2,000,000.00|||Inapplicable|
|Other creditors' investment||Inapplicable|||
|Held-to-maturity investment||||Inapplicable|
|Other equity vehicle investments||Inapplicable|||
|Other non-current financial assets||Inapplicable|||
|Investment property|129,270,498.66|||129,270,498.66|
|Fixed assets|661,598,663.85|||661,598,663.85|
|Construction in progress|48,159,927.20|||48,159,927.20|
|Right-of-use asset||Inapplicable|||
|Intangible assets|85,667,085.86|||85,667,085.86|
|Long-term prepaid expense|1,208,536.46|||1,208,536.46|
|Deferred tax assets|11,639,248.03|||11,639,248.03|
|Other non-current assets|||||
|Total non-current assets|939,543,960.06|||939,543,960.06|
|Total assets|3,298,167,332.49|||3,298,167,332.49|
|Current liabilities|||||
|Short-term loan|620,000,000.00|||620,000,000.00|
|Trading financial liabilities||Inapplicable|||
|Financial liabilities measured at fair value and|||Inapplicable||
|recorded in current profits and losses|||||
|Note payable and Accounts payable|1,058,073,857.65|||1,058,073,857.65|
|Accounts received in advance|21,286,971.52|||21,286,971.52|
|Employee benefits|12,248,327.93|||12,248,327.93|
|Tax payable|7,242,006.46|||7,242,006.46|
|Other payables|131,854,654.39|||131,854,654.39|
|Including: Interest payable|748,135.28|||748,135.28|
|Dividends payable|360,000.00|||360,000.00|
|Contract liability||Inapplicable|||
|Other current liabilities|4,920,248.12|||4,920,248.12|
|Total current liabilities|1,855,626,066.07|||1,855,626,066.07|
|Non-current liabilities|||||
|Long-term loan|396,698.98|||396,698.98|
|Lease liability||Inapplicable|||
|Deferred income|61,284,650.74|||61,284,650.74|

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||
|-|-|-|
|Deferred tax liabilities|836,872.15|836,872.15|
|Other non-current liabilities|||
|Total non-current liabilities|62,518,221.87|62,518,221.87|
|Total liabilities|1,918,144,287.94|1,918,144,287.94|
|Owner’s equity (shareholders’ equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital public reserves|485,691,050.47|485,691,050.47|
|Surplus reserve|136,770,391.01|136,770,391.01|
|Undistributed profit|354,961,603.07|354,961,603.07|
|Equity attributable to parent company|1,380,023,044.55|1,380,023,044.55|
|Minority interest|||
|Total owner’s equity|1,380,023,044.55|1,380,023,044.55|
|Total owner’s equity and liabilities|3,298,167,332.49|3,298,167,332.49|

Adjustment statement
Inapplicable
2.Parent balance sheet
Unit:
RMB Yuan
|||||||
|-|-|-|-|-|-|
|Item||December31, 2018||January1, 2019|Adjusted Amount|
|Current assets ：||||||
|Monetary fund|146,186,890.65|||146,186,890.65||
|Trading financial assets||Inapplicable||||
|Financial asset measured at FV and any change recognized in|298,925.16||Inapplicable|||
|income||||||
|Notes receivable & Accounts receivable|1,299,378,046.46|||1,299,378,046.46||
|Including: Notes receivable|89,620,372.80|||89,620,372.80||
|Accounts receivable|1,209,757,673.66|||1,209,757,673.66||
|Advances to suppliers|19,008,909.78|||19,008,909.78||
|Other receivable|14,963,827.46|||14,963,827.46||
|Including: Interest receivable||||||
|Dividend reciivable|1,250,000.00|||1,250,000.00||
|Inventory|680,255,742.99|||680,255,742.99||
|Contract assets||Inapplicable||||
|Other current assets|13,765,726.62|||13,765,726.62||
|Total current assets|2,173,858,069.12|||2,173,858,069.12||
|Non- current assets：||||||
|Creditors' investment||Inapplicable||||
|Financial assets available-for-sale|2,000,000.00|||Inapplicable||
|Other creditors' investment||Inapplicable||||
|Held-to-maturity investment||||Inapplicable||
|long-term equity investment|211,583,897.67|||211,583,897.67||
|Other equity vehicle investments||Inapplicable||||
|Other non-current financial assets||Inapplicable||||
|Investment property|113,277,687.13|||113,277,687.13||
|Fixed assets|460,415,212.74|||460,415,212.74||
|Construction in progress|47,699,459.65|||47,699,459.65||
|Right-of-use asset||Inapplicable||||

Wafangdian Bearing Compnay Limited The Q1 Report for 2019
||||||
|-|-|-|-|-|
|Intangible assets|67,683,392.22|||67,683,392.22|
|Long-term prepaid expense|1,017,695.53|||1,017,695.53|
|Deferred tax assets|10,350,000.00|||10,350,000.00|
|Other non-current assets|||||
|Total non-current assets|914,027,344.94|||914,027,344.94|
|Total assets|3,087,885,414.06|||3,087,885,414.06|
|Current liabilities|||||
|Short-term loan|620,000,000.00|||620,000,000.00|
|Trading financial liabilities||Inapplicable|||
|Financial liabilities measured at fair value and recorded|||Inapplicable||
|in current profits and losses|||||
|Note payable and Accounts payable|929,608,079.68|||929,608,079.68|
|Accounts received in advance|21,976,484.62|||21,976,484.62|
|Contract liability||Inapplicable|||
|Employee benefits|5,520,469.68|||5,520,469.68|
|Tax payable|4,783,202.06|||4,783,202.06|
|Other payables|50,471,992.39|||50,471,992.39|
|Including: Interest payable|748,135.28|||748,135.28|
|Dividends payable|360,000.00|||360,000.00|
|Other current liabilities|3,869,474.53|||3,869,474.53|
|Total current liabilities|1,636,229,702.96|||1,636,229,702.96|
|Non-current liabilities|||||
|Lease liability||Inapplicable|||
|Long-term loan|296,698.98|||296,698.98|
|Anticipation liabilities|29,671,957.77|||29,671,957.77|
|Deferred income|||||
|Deferred tax liabilities|||||
|Other non-current liabilities|||||
|Total non-current liabilities|29,968,656.75|||29,968,656.75|
|Total liabilities|1,666,198,359.71|||1,666,198,359.71|
|Owner’s equity (shareholders’ equity)|||||
|Capital stock|402,600,000.00|||402,600,000.00|
|Capital public reserves|485,678,443.26|||485,678,443.26|
|Surplus reserve|136,770,391.01|||136,770,391.01|
|Undistributed profit|396,638,220.08|||396,638,220.08|
|Total owner’s equity|1,421,687,054.35|||1,421,687,054.35|
|Total owner’s equity and liabilities|3,087,885,414.06|||3,087,885,414.06|

Adjustment statement
Inapplicable
2.The first implementation of the new financial instruments standards, the new lease standards retroactively adjust the previous comparative data
ApplicableInapplicable
III.Audited Report
The Q1 Report is not audited.