Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text) Stock code: 200706 stock short form:*ST Wazhou B Report code: 2017-17 Wafangdian Bearing Company Limited
The First Quarterly Report for 2017
(Main Text)
§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.
Chairman of the Board Mr Meng Wei, Financial manager Ms.Sun Najuan, Accounting charger Mr. Wang Jiyuan Chunjuan hereby confirms that the Financial Report of the quarterly report is true and complete.
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|Diretor|Busy work|Fang Bo|

§2 Major accounting data and shareholder change
1 Major accounting data and financial indexes
Unit: RMB
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|-|-|-|-|
||Jan-Mar 2017|Jan-Mar 2016|+/- to previous|
|Operating income(Yuan)|566,558,889.45|534,404,100.68|6.02%|
|Net profit attributable to shareholders of the|1,998,535.48|2,340,344.55||
||||-14.61%|
|listed company(Yuan)||||
|Net profit attributable to the shareholders of the||||
|listed company after deducting of non-recurring|615,347.36|-1,164,062.96|-152.86%|
|gain/loss(RMB)||||
|Net Cash flow generated by business operation|3,495,485.07|16,496,758.57||
||||-78.81%|
|(RMB)||||
|Basic earnings per share(Yuan/share)|0.0050|0.0060|-16.67%|
|Diluted earnings per share(Yuan/share)|0.0050|0.0060|-16.67%|
|Net return on equity(%)|0.14%|0.17%|-0.03%|
||Jan-Mar 2017|Jan-Mar 2016|+/- to previous|
|Total assets|3,560,273,989.24|3,553,947,227.09|0.18%|
|Owners’ equity (shareholders’ equity)|1,381,336,461.03|1,379,337,925.55|0.14%|

 Items of non-recurring gains and losses
√ Applicable□ Inapplicable
Unit: RMB 2 Total number of shareholders at the end of the report period and shares held by the top ten shareholders
Unit: Share
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|-|-|-|-|
|Total number of shareholder at the end of||Total number of shareholder at the end of report period with||
||7044||0|
|report period||preferred stock||

Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)
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|Shareholders with 5% or above Shares|||||||||||
|||||Increase or||Current||Impawned or Frozen Shares|||
|Name|Nature|Ratio（%）|Total shares|decrease|Non-current|shares|||||
||||held|in the report|shares held|held||Status||Amount|
|||||period|||||||
|Wafangdian BearingGroup Corporation|State-ownedshareholder|60.61%|244,000,000||244,000,000||||||
|AKTIEBOLAGETSKF|Foreignshareholder|19.70%|79,300,000||||||||
|Huang Junyue|Domesticshareholder|1.16%|4,680,000||||||||
|BOCISECURITIESLIMITED|Foreignshareholder|0.94%|3,772,700||||||||
|Hu Xiaofeng|Domesticshareholder|0.47%|1,879,277||||||||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED|Foreignshareholder|0.36%|1,456,040||||||||
|Jin Yunhua|Foreignshareholder|0.33%|1,311,256||||||||
|MAN,KWAIWING|Domesticshareholder|0.18%|713,101||||||||
|Zhou Jie|Domesticshareholder|0.16%|630,000||||||||
|Zhou Junlin|Domesticshareholder|0.14%|545,600||||||||
|Top Ten Tradable Shareholders|||||||||||
||||||||Category of Shares||||
|Name||Current shares held at end of year|||||||||
||||||||Categories||Amount||
|AKTIEBOLAGET SKF||79,300,000|||||B||79,300,000||
|Huang Junyue||4,680,000|||||B||4,680,000||
|BOCI SECURITIES LIMITED||3,772,700|||||||3,772,700||
|Hu Xiaofeng||1,879,277|||||B||1,879,277||
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED||1,456,040|||||B||1,456,040||
|Jin Yunhua||1,311,256|||||B||1,311,256||
|MAN,KWAI WING文贵荣||713,101|||||B||713,101||
|Zhou Jie||630,000|||||B||630,000||
|Zhou Jun lin||545,600|||||B||545,600||
|Liao Yun||514,500|||||B||514,500||
|Explanation for the Affiliated Relations or|||||||||||
|||There was no relationship and consistent activities between the first big shareholder and other shareholders orthe top ten common stock holders; The relationship among other shareholders, top ten circulation shareholders,top ten circulation shareholders and other shareholders was not clear.|||||||||
|United Action of the Top Ten|||||||||||
|Shareholders and the Top Ten Tradable|||||||||||
|Shareholders|||||||||||

Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text)§3 Significant items
1 Particulars about material changes in items of main accounting statement and financial index, and explanations of reasons
√Applicable Inapplicable
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|No|Item|The end ofyear|Beginning ofyear|%|+/- to previous|Reason|
|1|Tax payable|448|1,914.10|-1,466.10|-76.60%|Mainly the added-value taxand theattached is the beginning|
|2|business tax andsurcharges|510.1|248.4|261.7|105.30%|Mainly according to the provisions of thetax law, in May 2016 to implement thecamp change increases, taxes andadditional accounting business activitiesof consumption tax, urban constructiontax, resource tax, educational expensesto add, property tax and land use tax,stamp duty and other relevant taxes, sowill be in May 2016 after all managementcost of the tax adjustment to tax andadditional items, so the tax andadditional year-on-year growth.|
|3|Loss ofimpairment ofassets|10|0.1|9.9|9254.00%|Mainly cancel after Close the accountsreceivable from 9.9 millionYuan|
|4|Non-operatingrevenue|163.8|442.3|-278.6|-63.00%|1.A fine income fell；2.The governmentsubsidies fell；3.Debt restructuring gainsfell|
|5|Other cashreceived relatingto operatingactivities|73.3|130.7|-57.4|-43.90%|Mainly at the same time receive the firstmajor technical equipment insurancepremium subsidies to 76 millionYuan.|
|6|Tax payments|3,077.40|1,306.00|1,771.50|135.60%|Mainly operating income rose, make theadded-value tax and its attachedyear-on-year increase|
|7|Tax payments||24|-24|-100.00%|Mainly because received from return ofinvestment of 2014 from ME with 240thousand Yuan.|
|8|Net cashreceived fromdisposal of fixedassets, intangibleassets and otherlong-term assets|487.7||487.7||Mainly received income for sold PropertyHarbin|
|9|Cash paid toacquire fixedassets, intangibleassets and otherlong-term assets|110.3|162.7|-52.4|-32.20%|Mainly because the cash paid on fixasset investment decline compared withlast peirod.|
|10|Proceeds fromborrowings|13,300.00|28,500.00|-15,200.00|-53.30%|Mainly due to the impact of credit, so thatthe current payment of debt to pay thecash reduction|

Wafangdian Bearing Compnay Limited The First Quarterly Report for 2017 (Main Text) Mainly due to the impact of credit, so that Repayment of
11 11,800.00 22,000.00 -10,200.00 -46.40% the cash received in the current period to borrowings
reduce the cash
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|12|Effects of foreignexchange ratechanges on cash|-29.9|-54|24.1|-44.60%|Mainly in current dollars for RMBexchange rate fell 0.078 in January, theRMB appreciation is bigger, exchangeloss is bigger, 2, 3 months exchangerates to rise, forming exchange earnings,the overall form exchange earnings,earnings fell|

2 Progress of significant events, their influence, and analysis and explanation of their solutions
□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
4 Estimation of accumulative net profit from Jan to June 2017
□Applicable√Inapplicable
5 Particular about security investment
□Applicable√Inapplicable
6 Particular about derivatives
□Applicable√Inapplicable
7 Activities on receiving research, communication and interview in the report period
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|-|-|-|-|
|Time|Method|Object|Content and documents supplied|
||||Company earnings forecast, to verify|
|2017.01.24|Telephone communication|Private investor||
|2017.02.08|Telephone communication|Private investor|Whether Company can turnround and pick the cap|
||||Understand the company's second-largest|
|2017.02.23|Telephone communication|Private investor|shareholder SKF thaw|
||||The company's production and operation situation|
|2017.02..24|Telephone communication|Private investor||
||||Understand the company's second-largest|
|2017.02.27|Telephone communication|Private investor|shareholder SKF thaw|

8 Illegal external guarantee
□Applicable√Inapplicable
9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable√Inapplicable