Wafangdian Bearing Company Limited the Q3 abstract for 2014 Stockcode：200706 Stock ID:Wazhou B Announcement No.2014-28 Wafangdian Bearing Company Limited the Q3 abstract for 2014
Chapter I Important notes
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.
The following directors were absent from the board meeting.
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|Name of absent director|Position of absent director|Reason for absence|Proxy|
|Wu Chunyou|Independent director|Busy work|Zhang Li|

 The charger of company Mr.Cong Hong, 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 finical dates and shareholder changes
2.1 Main accounting data and financial indicators
Unit: Yuan
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|-|-|-|-|-|-|-|
||||||+/-（％）compared||
||2014.09.30||2013.12.31||between the end of current||
||||||period and last year||
|Total assets(RMB)|3,850,535,511.06||3,717,797,889.26||3.57%||
|Owner‟s Equity Attributed to|1,443,323,489.97||1,504,966,435.50||||
|Shareholders of Listed|||||-4.10%||
|Company(RMB)|||||||
||2014.07-.09|+/-(%) to period||2014.01-.09||+/-(%) to period|
|Turnover(RMB)|680,574,796.92|-15.03%||2,321,588,005.63||-1.14%|
|Net profit attributable to shareholders|-28,089,759.45|||-45,538,945.53|||
|||-1,579.11%||||-284.14%|
|of the listed company(RMB)|||||||
|Net profit attributable to the|||||||
|shareholders of the|||||||
||-30,421,458.82|-2,086.07%||-50,901,885.87||-326.54%|
|listed company and after deducting of|||||||
|non-recurring gain/loss(RMB)|||||||
|Net Cash flow generated by business||||124,249,201.29|||
||--|--||||-434.42%|
|operation(RMB)|||||||
|Basic earnings per share(Yuan/share)|-0.07|-1,589.36%||-0.11||-283.33%|
|Diluted earnings per|-0.07|||-0.11|||
|||-1,589.36%||||-283.33%|
|share(Yuan/share)|||||||
|Net assets yield (%)|-1.92%|-2.05%||-3.09%||-4.72%|

Abnormal profit and loss items
√Applicable□Not applicable
Unit: Yuan
|||
|-|-|
|Abnormal profit and loss items|2014.01-2014.09|
|Profits and losses relating to disposal of fixed assets|585,361.65|
|Government grants recorded into profit or loss during current|3,355,200.91|
|period||
|Profits and losses relating to the debt restructure|-285,788.81|
|Other non-business income and expenditures other than the above|2,347,731.97|
|Less: Influenced amount of income tax|639,565.38|
|Total|5,362,940.34|

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|||||||
|||9,003|||||
|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|
|BOCI SECURITIESLIMITED|Foreignshareholder|0.70%|2,800,085|0|||
|Huang Junyue|Domesticshareholder|0.66%|2,655,000|0|||
|Ma Yuancheng|Domesticshareholder|0.19%|755,825|0|||
|MAN,KWAI WING WenGuirong|Foreign privateshareholder|0.18%|713,101|0|||
|Hei Youxin|Foreign privateshareholder|0.13%|512,559|0|||
|Yang Yufei|Domesticshareholder|0.12%|479,306|0|||
|EVERBRIGHTSECURITIES LIMITED(HONGKONG)|Foreignshareholder|0.10%|419,850|0|||
|Jiang Guangsen|Domesticshareholder|0.10%|397,505|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|
|BOCI SECURITIES LIMITED||2,800,085|||B|2,800,085|
|Huang Junyue||2,655,000|||B|2,655,000|
|Ma Yuancheng||755,825|||B|755,825|

|||||
|-|-|-|-|
|MAN,KWAI WING Wen Guirong|713,101|B|713,101|
|Hei Youxin|512,559|B|512,559|
|Yang Yufei|479,306|B|479,306|
|EVERBRIGHTSECURITIESLIMITED(HONG KONG)|419,850|||
|||B|419,850|
|Jiang Guangsen|397,505|B|397,505|
|Wang Hongting|388,891|B|388,891|
||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
ChapterIII Important Items
3.1 The great changes incompany’s key financial statement, financial indicators, and the reasons
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|No.|Items|+/-(%) toperiod|Explanation|
|1|Bill receivable|88.2%|Post-dated bill write to supplies increase, sight bill decrease, whilstpayment collection from clients increase compared with last periodwhich make bill receivable increase much compared with yearbeginning.|
|2|Bill payable|190.7%|Post-dated bill write to supplies increase, which lead to bill payableincrease much compared with year beginning|
|3|Accounts received inadvance|-42.6%|Mainly because account received in advance from part clientsdecrease compared with year beginning.|
|4|Finance expense|32.5%|Long loan interest increase with 3.48 million Yuan compared with lastperiod, bill interest subsidies increase with 3.72 million Yuan.|
|5|Investment proceeds|-62.2%|Mainly because the investment income from SKF Wazhou decreased,whilst received 2008-2010 dividend from ME with 680 thousand Yuanlast period, the report period is without this income.|
|6|Non-operating revenue|51.9%|Mainly because Liaozhou writing-off account payable in the reportperiod.|
|7|Non-operating payment|-31.3%|Debt reconstruction losses decrease with 0.5 mill Yuan comparedwith last period.|
|8|Net profit|-284.1%|Mainly because the main business gross rate decreases, profit spacecompressed. The rate in the first third quarter is 8.5%, whichdecrease 1.4% compared with last period.|
|9|Cash received frominvestment incomes|-64.7%|The company received 2008-2010 dividend from ME with 680thousand Yuan last period, in the report period receive 2012 dividendwith 240 thousand Yuan(profit was written in 2013)|
|10|Cash paid to acquire fixedassets, intangible assetsand other long-term assets|2446.1%|Mainly because the import machines payment with 29.69 millionYuan, of which the bill payable written in early days is expire with 8.74million Yuan.|
|11|Effects of foreign exchangerate changes on cash|-315.4%|Mainly because rate in report period increase, RMB devalue, whichmake exchange earning increase compared with last period.|

3.2 The situation of major items in progress and the analysis explanation on its effect and resolved proposal.
No important items in the report period.
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 Operating forecast for 2014
□ Applicable√Not applicable
3.5 Security investment information
Statement of holding other listing company equity
□
Applicable√Not applicable
3.6 Derivative products investment information
□
Applicable√Not applicable
3.7 Reception of investigations, communications, or interviews in the report period
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||||||Main content involved and|
|Time/date|Place|Way|Type of visitors|Visitors||
||||||material provided|
|||Telephone|||The general information of|
|July 16,2014|Office||Private investor|Private investor||
|||communication|||the company|
|||Telephone|||The general information of|
|August 21,2014|Office||Private investor|Private investor||
|||communication|||the company|