Short title:WaZhou B Code：200706 No.: 2016-05 Wafangdian Bearing Company Limited
Express performance for 2015
Our company, the whole members of the board of directors and top managements ensured the truth, accuracy, completeness, no false record, misleading statement and fatal omit of the announcement.
Special Tips: The express performance is the preliminary data and unaudited, so it may have differences with the date in the annual report, please pay attention to the investment risk.
I. The main financial dates and indicators
Unit: Yuan
||||||||
|-|-|-|-|-|-|-|
|||||The same period of last||Amount of variation +/-（％）|
|Item||Current period|||||
|||||year|||
||2,300,161,296.48||3,007,578,581.96||-23.52||
|Total operating income|||||||
||-72,801,403.39||-191,626,843.83||-62.01||
|Operating Profit|||||||
||-32,800,745.40||-102,661,718.35||-68.05||
|Total Profit|||||||
|Net profit owned to the shareholders|-33,380,013.39||-103,902,948.89||-67.90||
|of listing company|||||||
||-0.08||-0.26||-69.23||
|Basic gains on per share (Yuan)|||||||
||-2.45||-7.18||4.73||
|Return on equity weighted average|||||||
|||The end of this period||The beginning of this period||Amount of variation +/-（％）|
||3,523,981,703.48||3,935,819,231.85||-10.46||
|Total asset|||||||
||1,348,464,975.33||1,381,844,988.72||-2.41||
|Ownner’ Equity|||||||
||402,600,000.00||402,600,000.00||0||
|Capital Stock|||||||
||3.35||3.43||-2.33||
|Net asset value of per share (Yuan)|||||||

 II. The explain of the operating performance and the financial situation.
In2015，the company still affected by economic downturn, the market needs dontinued depression, the orders are less but over capacity,and the cost level relatively went up
Short title:WaZhou B Code：200706 No.: 2016-05 III. Explaination for the difference with the earlier estimate
On January 30,3016,the company disclose the “Wafangdian Bearing Company Limited Estimated performance for 2015”,in which the estimated performance is turn losses into gains,and the profit is between 2 million to 6 million Yuan.But it has big difference from this estimated,mainly because during the 2015 year financial adui process, the accounting firm make discuss with the company on the issues. According to the accounting prudent, steady principle, after discuss with accountants, the company accept audit adjustment suggestion on earning and cost confirmation, accural reduced-value and ect.which make a big difference from previous peformace Estimated, Hereby apologize to investors.
The reason lead to the difference as followed:
1, The intertemporal revene confirmed:the company deliver goods at the end of December 2015, SAP system has confirmed for 2015 sales revenue, but because the influence of objective factors such as new year's Day holiday, the goods were sent out on 4 January 2016. This situation happens in every year, and the auditor believes that the amount of money on this kind of business in previous years was make less profit effect which can be not adjusted, but due to the amount on this one was over the recognition of the importance of accounting standards and the operating results influence is bigger, so the company make the adjustment. This impact on the profit of about 116.2 million yuan;
2, Make provision for bad debt:for the loss of the long-term receivables impairment is bigger in the company and its subsidiaries, on the basis of the accounting policy implemented the auditor of the company fill the provision for bad debt according to the specific recognition method .Audit adjustment suggestion has been accepted by the company, which affects the profit of about 11.27 million yuan;
3, Fill carry inventory write-down, the auditor fill raise inventory write-down of 2.06 million yuan to the subsidiary , write-down over offset back inventory of 4.94 million yuan in parent company, the company accept the audit adjustment suggestion,which affect the profit of about 7 million yuan.
4, the cost of intertemporal confirmed: including shipping, meetings, etc.Company settlement freight in January– February 2016, auditors think reimbursement have time lag, consider billing cycle, the cost of some actual ownership period should be 2015.At the same some other receivables account without confirmation were re-confirmed for costs in 2015..Audit adjustment suggestion has been accepted by the company, which affect the profit of about 7.62 million yuan.
iv. Other relative statement.
1.The final financial datas wiil be disclosed in 2015 year report, please make the cautious decision and pay attention to the investment risk.
2.In line with the RULES OF SZSE stock listing rules,if the net profit owned to the shareholders of listing company after audited is losses, the Wazhou B will be implemented*ST risk admonition.
Short title:WaZhou B Code：200706 No.: 2016-05 3. The specified media for it is Securities Times, Hong Kong Commercial Newspaper and the website is http://www.cninfo.com.cn. All information the company disclosed should be subject to the above specified media.
V. Reference documents.
The comparative balance sheet and income statement signed and sealed by present and legal epresentative, general accountant and accounting charger.
Specially Announcement
Board of director of Wafangdian bearing Co., Ltd
April 14, 2016