Wafangdian Bearing Company Limited the Q3 Report for 2015 Wafangdian Bearing Company Limited
the Q3 Report for 2015
2015-43
October 2015
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 responsibilitiesfor the truth,accuracyandcompletenessof the contents.
ALLthe directors attendthe boardmeeting.
The charger of company Mr. Meng Wei, financial controller Ms. Sun Najuan and the charger of accounting departmentMs.YaoChunjuanmadethe statement:guarantee thetruth,completeness ofthe financialreportof the thirdquarter report.
Chapter II. Main financial dates and shareholder changes 2.1 Main accounting data and financial indicators
Unit: Yuan
||||||||
|-|-|-|-|-|-|-|
||2015.09.30||2014.12.31||+/-（％）comparedbetween the endofcurrentperiod andlastyear||
|Totalassets(RMB)|3,568,754,718.27||3,935,819,231.85||-9.33%||
|Owner’sEquityAttributed toShareholders ofListedCompany(RMB)|1,318,206,760.37||1,381,844,988.72||-4.61%||
||2015.07-.09|+/-(%) to period||2015.01-.09||+/-(%) to period|
|Turnover(RMB)|558,567,387.61|-17.93%||1,726,661,066.95||-25.63%|
|Net profitattributabletoshareholdersofthe listedcompany(RMB)|-4,050,974.19|-85.58%||-63,638,228.35||-37.88%|
|Net profitattributableto theshareholdersofthelistedcompany andafterdeducting ofnon-recurring gain/loss(RMB)|-8,179,845.87|-73.11%||-73,597,355.13||44.59%|
|Net Cashflow generatedbybusiness operation(RMB)||||179,596,032.54||44.55%|
|Basicearnings pershare(Yuan/share)|-0.010|-85.71%||-0.16||45.45%|
|Diluted earningspershare(Yuan/share)|-0.010|-85.71%||-0.16||45.45%|
|Net assets yield(%)|-0.30%|1.62%||-4.71%||-1.62%|

 Abnormal profit and loss items
√Applicable□Not applicable
Unit: Yuan
|||
|-|-|
|Abnormalprofitand lossitems|2015.01-2015.09|
|Profitsand lossesrelatingto disposaloffixedassets|869,570.71|
|Government grants recorded into profit or loss duringcurrentperiod|3,666,429.90|
|Profitsand lossesrelatingto thedebt restructure|6,605,256.93|
|Other non-business incomeand expendituresotherthan the above|-61,066.60|

|||
|-|-|
|Less:Influenced amountofincometax|1,121,064.16|
|Total|9,959,126.78|

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 whichhave been definedas recurringgains andlosses,itisnecessary toexplainthe 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
||||||||
|-|-|-|-|-|-|-|
|Totalnumber ofshareholder attheendof reportperiod|||||||
|Thesituationof thefirst10 shareholders ofcurrentshares|||||||
|Name|Nature|Ratio（%）|Totalsharesheld|Non-currentsharesheld|Impawned or Frozen Shares||
||||||Status|Amount|
|WafangdianBearing GroupCorporation|State-ownedshareholder|60.60%|244,000,000|244,000,000|||
|AKTIEBOLAGETSKF|Foreignshareholder|19.70%|79,300,000|0|Frozen|79,300,000|
|HuangJunyue|Domesticshareholder|0.81%|3,250,000|0|||
|BOCISECURITIESLIMITED|Foreignshareholder|0.77%|3,120,000|0|||
|GUOTAIJUNANSECURITIES(HONGKONG) LIMITED|Foreignshareholder|0.44%|1,754,284||||
|HuXiaofeng|Domesticshareholder|0.42%|1,708,577|0|||
|JinYunhua|Domesticshareholder|0.41%|1,645,513|0|||
|KGIASIALIMITED|Foreignshareholder|0.22%|878,710|0|||
|MAN,KWAIWING文贵荣|Foreignprivateshareholder|0.18%|713,101|0|||
|Zhou Junlin|Domesticshareholder|0.13%|523,100|0|||
|Thesituationof thefirst10 shareholders ofcurrentshares|||||||
|Name||Currentshares held atendof year (Note4)|||Categoryof Shares||
||||||Categories|Amount|
|AKTIEBOLAGETSKF||79,300,000|||B|79,300,000|
|HuangJunyue||3,250,000|||B|3,250,000|
|BOCISECURITIES LIMITED||3,120,000|||B|3,120,000|
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED||1,754,284|||B|1,754,284|
|HuXiaofeng||1,708,577|||B|1,708,577|
|JinYunhua||1,645,513|||B|1,645,513|
|KGIASIALIMITED||878,710|||B|878,710|
|MAN,KWAIWING文贵荣||713,101|||B|713,101|
|Zhou Junlin||523,100|||B|523,100|

|||||
|-|-|-|-|
|YangYufei|502,278|B|502,278|
|Notes torelationship or “action inconcert”among the top tenshareholders.|There was no relationshipand consistentactivities between the firstbigshareholder andother shareholdersor the top ten commonstockholders;Therelationship among other shareholders,top ten circulationshareholders,topten circulation shareholders and other shareholders was notclear.|||

 Whether the top ten shareholders with common stock and top ten shareholders with unlimited common stock agree with the company tobuy back the stockor not?
□Applicable√Inapplicable
Chartof preferredstock shareholders andthe firsttenth shareholders holdingshares
□Applicable√Inapplicable
Chapter III. Important Items
3.1 The great changes incompany’s key financial statement, financial indicators, and the reasons
√Applicable□Notapplicable
|||||||
|-|-|-|-|-|-|
|No.|Items|Beginningpeirod|Endof year|+/-(%)toperiod|Explanation|
|1|Monetary fund|10,462.0|18,056.9|-42.1%|Mainlybecausethe customerpaymentcollectiondecrease comparedwith lastpeirod.besides,the company purchasethe SKF Wazhou51% euqity,thebankletter ofcreditwith 11.25 millionYuanisexpired.|
|2|Accountsreceivedinadvance|2,729.4|4,403.1|-38.0%|Mainlybecausethe paymentin advancetopartof clientsdecreasecompared withyear beginning,of which the ShanxiTaigang stainless steeldecreasewith11.58 millionYuan,ZhejiangWuzhouxinchundecrease6.22 millionYuan.|
|3|Dividendsreceivable|-|24.0|-100.0%|TheDividends receivable atthe yearbeginning isthe dividend fromShanghaiME machine-lelctricalequipment chainLtd of2013 with 0.24 millionYuan.|
|4|Other currentassets|3,002.7|1,921.2|56.3%|Mainlybecausethe offsetinput taxre-classsifytothis itemsis 10.79 millionYuanatthe endof reportpeirod,whichis21.78millionYuan atthe yearbeginning|
|5|Short-termloan|1,377.0|2,453.4|-43.9%|Inorder toreducethe financing cost,thecompanycutdown the shortloan.besides,thecompany increasetheorder financingwith 56.43millionYuanwhichaccountedinto account payable,andthe long-term note tothe clientsincrease.|
|6|Notepayable|23,500.0|49,800.0|-52.8%|Thelong-term note tothe clients|

|||||||
|-|-|-|-|-|-|
||||||increase.|
|7|Non-currentliabilities duewithinIyear|31,980.8|20,686.7|54.6%|Thelong-term loan expired within 1yearis 50millionYuan,which is90 millionYuaninthe lastpeirod.|
|8|Long-term loan|5,000.0|9,000.0|-44.4%|There isa new long-term loan with 90millionYuan.|
|9|Long- termloan|9,000.0|5,000.0|80.0%|There isa new long-term loan with 90millionYuan.|
|No.|Items|2015.1.1-9.30|Last peirod|+/-(%)toperiod|Explanation|
|10|Lossofimpairmentofassets|-368.5|110.8|-432.4%|Mainlybecausethe company switchthewithdrawed inventory falling pricereserves with 3.7millionYuan,whilewrite-offthe accountdifferences withZhongqiqiaoxiang with 0.91 millionYuan.|
|11|Investmentincome|0.0|361.3|-100.0%|TheinvestmentincomefromSKFWazhouinthe lastpeirod is3.613millionYuan.|
|12|Non-operatingrevenue|1,182.8|761.9|55.2%|1.the gainsfrom debtrestructuringincrease5.43 millionYuancomparedwith lastpeirod;2.the gains fromnon-currentassetincrease770 thousandYuan;3.other incomereduce2.22 millionYuan(Liaozhouwrite-off accountpayable with 2.04millionYuan.)|
|13|Non-operatingcost|74.8|161.6|-53.8%|1.the lossesfrom debtrestructuringdecrease1.46 millionYuan;2.the lossesfromnon-currentassetdisposal increasewith 490thousanYuan,|
|14|Netprofit|-6,363.8|-4,553.9|39.7%|1.Themian business is15.6344 billionYuanwhichdecreasewith 479.33 millionYuan,the decreaserateis23.5%,whichlead togrossprofitdecrease about40.79millionYuan.whilein thereportpeirod themian business gorssprofitrate is9.6%,increase1.1%,andthe grossprofitis17.04millionYuan.2.other businessincomeis 163.22 millionYuan,decreasewith 115.60millionYuan,the rateis41.5%,leadtogross profitwith 15.67millionYuan,whilein thereprotpeirod,thegorssrate is8.9%,decrease4.6% leadtoaprofitdecreasewith 7.58 millionYuan.|
|15|Other cashreceivedrelatingtooperatingactivities|-6,363.8|-4,553.9|39.7%|Mainlybecausethe waste incomeisaccountedinto theitem ofcash receivedfromsale ofgoods or renderingofserviceswhichwas accountedintoothercashreceivedrelating toinvestingactivities|
|16|Income taxexpense|222.9|1,230.6|-81.9%|Mainlybecausethe added-value tax is22.32millionYuan,decrease16.11millionYuancmpared with lastpeirod.|

|||||||
|-|-|-|-|-|-|
|17|Cashreceivedfrom investmentincomes|3,835.2|5,642.7|-32.0%|MainlybecausereceivethedividendfromShanghaiME machine-lelctricalequipmentchainLtd of 2012 with 0.24millionYuan.|
|18|Cashpaid toacquire fixedassets,intangibleassets and otherlong-termassets|0.0|24.0|-100.0%|1.the paymentofimport manchinewith29.69millionYuaninthe lastpeirod;2.thebank note payment decrease8.74millionYuancomparedwith lastpeirod.|
|19|Cashpaid toacquireinvestment|1,027.9|4,372.9|-76.5%|Mainlybecausepurchasethe SKFWazhou51%euqity,the bank letterofcreditwith 11.25 millionYuanis expired.|
|20|Effectsofforeignexchange ratechangeson cash|1,125.0|0.0||Mainlybecausethe US eschange rate islow inthe firsthalf year,but,afterAugust,the eschangerateincreasecontinually,whichlead toaexchangeincome.|

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 2015
□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√Notapplicable
3.7 Derivative products investment information
□Applicable√Not applicable
3.8 Reception of investigations,communications,or interviews in the report period
|||||||
|-|-|-|-|-|-|
|Time/date|Place|Way|Typeofvisitors|Visitors|Main contentinvolvedandmaterialprovided|
|July 16,2015|Office|Telephonecommunication|Privateinvestor|Privateinvestor|The generalinformation of thecompany|
|August5,2015|Office|Telephonecommunication|Privateinvestor|Privateinvestor|Thegeneralinformation ofthecompany|

Chapter IV Financial report
1. Consolidated Balance Sheet.
Unit: RMBYuan
||||
|-|-|-|
|Item|ClosingBalance|OpeningBalance|
|Current assets ：|||
|Monetary fund|104,619,877.39|180,569,164.66|
|Financialassets held-for-trading|||
|Bills receivable|152,518,417.06|188,117,975.71|
|Account receivable|1,013,206,844.99|1,098,566,178.20|
|Account paidin advance|27,294,058.63|44,031,201.66|
|Interestreceivable|||
|Dividend receivable||240,000.00|
|Other receivables|30,026,786.62|19,211,927.22|
|Inventory|1,042,293,160.74|1,166,347,866.35|
|Non-currentassetsduewithin1year|||
|Other currentassets|13,769,508.80|24,534,185.32|
|Totalcurrent assets|2,383,728,654.23|2,721,618,499.12|
|Non-current assets|||
|Financialassets available-for-sale|2,000,000.00|2,000,000.00|
|Investments held-to-maturity|||
|Long-term receivable|||
|Long-term equity investment|||
|Investmentproperty|||
|Fixedassets|637,787,463.19|695,819,839.43|
|Construction inprogress|396,085,087.64|363,404,435.51|
|Construction materials|||
|Fixedassets disposal|||
|Biologicalassets|136,649,765.32|140,355,336.13|
|Gas andpetrolassets|||
|Intangible assets|||
|Developmentexpenditure|||
|Goodwill|||
|Long-term prepaidexpense|650,480.62|767,854.39|
|Deferred tax assets|11,853,267.27|11,853,267.27|
|Other non-currentassets|||
|Totalnon-current assets|1,185,026,064.04|1,214,200,732.73|
|Totalassets|3,568,754,718.27|3,935,819,231.85|
|Current liabilities|||
|Short-termloan|235,000,000.00|498,000,000.00|
|Notepayable|319,808,469.00|206,867,023.86|
|Accounts payable|1,269,249,418.45|1,388,424,650.70|
|Accounts received inadvance|43,421,237.88|48,558,339.92|
|Commission chargepayable|||
|Accrued payroll|19,186,746.29|20,275,364.44|
|Taxpayable|4,451,497.59|3,676,987.88|
|Interestpayable|6,929,993.00|5,942,500.00|
|Dividendspayable|||
|Other payables|157,203,358.07|183,285,758.81|
|Non-currentliabilities duewithin Iyear|50,000,000.00|90,000,000.00|
|Other currentliabilities|4,411,103.83|4,761,103.83|
|Totalcurrent liabilities|2,109,661,824.11|2,449,791,729.44|
|Non-current liabilities|||

||||
|-|-|-|
|Long-term loan|90,000,000.00|50,000,000.00|
|Debenture payable|||
|Long-term payables|1,597,305.72|1,597,305.72|
|Special payables|321,698.98|321,698.98|
|Contingent liabilities|||
|Deferredincome|47,826,133.74|51,122,513.64|
|Deferredtax liabilities|1,140,995.35|1,140,995.35|
|Other non-currentliabilities|||
|Totalnon-current liabilities|140,886,133.79|104,182,513.69|
|Totalliabilities|2,250,547,957.90|2,553,974,243.13|
|Owner’sequity(shareholders’equity)|||
|Capital stock|402,600,000.00|402,600,000.00|
|Capital publicreserves|485,691,050.47|485,691,050.47|
|Less:treasury share|||
|Surplus reserve|131,442,909.11|131,442,909.11|
|Undistributed profit|298,472,800.79|362,111,029.14|
|Differenceof foreigncurrencytranslation|||
|Equity attributable to parentcompany|1,318,206,760.37|1,381,844,988.72|
|Minorityinterest|||
|Totalowner’sequity|1,318,206,760.37|1,381,844,988.72|
|Totalowner’sequity andliabilities|3,568,754,718.27|3,935,819,231.85|

 Chairman: MengWei GeneralAccountant:SunNajuan Accountingcharger:YaoChunjuan 2. Balance Sheet of Parent Company
Unit: RMBYuan
||||
|-|-|-|
|Item|Opening Balance|Closing Balance|
|Current assets ：|||
|Monetary fund|94,379,679.71|172,688,792.14|
|Financialassets held-for-trading|||
|Bills receivable|140,598,526.01|181,824,053.86|
|Account receivable|1,007,226,627.40|1,106,322,532.09|
|Account paidin advance|19,496,201.44|40,549,347.10|
|Interestreceivable|||
|Dividend receivable||240,000.00|
|Other receivables|28,323,776.00|15,661,424.30|
|Inventory|968,505,100.39|1,079,876,029.63|
|Non-currentassets due within1year|||
|Other currentassets|9,096,444.06|15,143,422.57|
|Totalcurrent assets|2,267,626,355.01|2,612,305,601.69|
|Non-current assets|||
|Financialassets available-for-sale|2,000,000.00|2,000,000.00|
|Investments held-to-maturity|||
|Long-term receivable|||
|Long-term equity investment|211,583,897.67|211,583,897.67|
|Investmentproperty|||
|Fixedassets|517,190,619.87|565,949,871.82|
|Construction inprogress|273,238,340.40|243,881,508.42|
|Construction materials|||
|Fixedassets disposal|||
|Biologicalassets|116,162,090.78|119,333,165.54|
|Gas andpetrolassets|||

||||
|-|-|-|
|Intangible assets|||
|Developmentexpenditure|||
|Goodwill|||
|Long-term prepaidexpense|650,480.62|767,854.39|
|Deferred tax assets|10,580,100.02|10,580,100.02|
|Other non-currentassets|||
|Totalnon-current assets|1,131,405,529.36|1,154,096,397.86|
|Totalassets|3,399,031,884.37|3,766,401,999.55|
|Current liabilities|||
|Short-term loan|235,000,000.00|498,000,000.00|
|Notepayable|319,308,469.00|206,867,023.86|
|Accounts payable|1,167,879,227.88|1,296,111,095.77|
|Accounts received inadvance|37,139,738.37|48,868,818.23|
|Commission chargepayable|||
|Accrued payroll|11,504,954.24|12,247,600.92|
|Taxpayable|1,040,379.23|1,092,872.50|
|Interestpayable|6,929,993.00|5,942,500.00|
|Dividendspayable|||
|Other payables|111,125,921.32|135,496,360.01|
|Non-currentliabilities duewithin Iyear|50,000,000.00|90,000,000.00|
|Other currentliabilities|4,313,555.83|4,313,555.83|
|Totalcurrent liabilities|1,944,242,238.87|2,298,939,827.12|
|Non-current liabilities|||
|Long-term loan|90,000,000.00|50,000,000.00|
|Debenture payable|||
|Long-term payables|||
|Specialpayables|321,698.98|321,698.98|
|Contingent liabilities|||
|Deferredincome|43,338,925.74|46,635,305.64|
|Deferred tax liabilities|||
|Othernon-currentliabilities|||
|Totalnon-current liabilities|133,660,624.72|96,957,004.62|
|Totalliabilities|2,077,902,863.59|2,395,896,831.74|
|Owner’sequity (shareholders’equity)|||
|Capitalstock|402,600,000.00|402,600,000.00|
|Capitalpublic reserves|485,678,443.26|485,678,443.26|
|Less:treasuryshare|||
|Surplusreserve|131,442,909.11|131,442,909.11|
|Undistributed profit|301,407,668.41|350,783,815.44|
|Differenceofforeign currencytranslation|||
|Totalowner’sequity|1,321,129,020.78|1,370,505,167.81|
|Totalowner’sequityandliabilities|3,399,031,884.37|3,766,401,999.55|

 3. Consolidated Income Sheet of report period
Unit: RMBYuan
||||
|-|-|-|
|Item|Accountforthe currentperiod|Account forthe prior period|
|1.Totaloperatingincome|558,567,387.61|680,574,796.92|
|Including:Operatingrevenue|558,567,387.61|680,574,796.92|
|Interestincome|||
|Handling charge and commissionincome|||
|2.Totaloperatingcost|566,693,194.94|712,452,720.50|
|Including:Operatingcost|493,527,210.67|619,472,911.74|
|Interestexpenses|||

||||
|-|-|-|
|Handling charge and commissionincome|||
|Tax&surchargesfor main operations|2,421,993.72|2,652,800.04|
|Sellingexpenses|48,012,692.32|57,779,538.64|
|Administrative expense|18,602,138.28|20,312,978.94|
|Financial expense|7,829,159.95|12,158,985.11|
|Lossof impairmentofassets|-3,700,000.00|75,506.03|
|Add: Gains of change of fair value of assets(losswith"-")|||
|Investmentincome(loss with"-")||1,351,824.26|
|Including:Incomeform investmentonassociated enterpriseand jointly enterprise||1,351,824.26|
|3.Operating profit (losswith"-")|-8,125,807.33|-30,526,099.32|
|Add: Non-operatingrevenue|4,933,416.65|3,250,430.53|
|Less:Non-operatingcost|273,459.79|814,090.66|
|Including:losson disposalofnon-currentassets|||
|4.Totalprofit(losswith"-")|-3,465,850.47|-28,089,759.45|
|Less:Incometax expenses|585,123.72|0.00|
|5.Net profit(Losswith"-")|-4,050,974.19|-28,089,759.45|
|Net profit attributable to shareholders of parentcompany|-4,050,974.19|-28,089,759.45|
|Minority interests|||
|6.Other comprehensivereturns|||
|7.Totalcomprehensivereturns|-4,050,974.19|-28,089,759.45|
|Totalcomprehensive returns availablefor parentcompany|-4,050,974.19|-28,089,759.45|
|Totalcomprehensive returns availableforminority shareholders|||
|8.Earnings pershare|||
|(1) Basic earnings per share|-0.010|-0.070|
|(2) Dilutedearnings per share|-0.010|-0.070|

 Chairman: MengWei GeneralAccountant:Sun Najuan Accountingcharger:YaoChunjuan 4. Income Sheet of Parent Company of report period
Unit: RMBYuan
||||
|-|-|-|
|Item|Accountforthe currentperiod|Account forthe prior period|
|1.Totaloperatingincome|589,211,680.55|682,070,651.64|
|Less:Operatingcost|526,991,318.71|622,682,793.79|
|Interestexpenses|||
|Handling charge and commissionincome|||
|Tax&surchargesfor main operations|2,256,282.97|2,343,592.56|
|Sellingexpenses|47,217,351.18|57,506,677.13|
|Administrative expense|12,446,800.32|15,488,232.49|
|Financial expense|8,001,209.26|12,225,107.02|
|Lossof impairmentofassets|-3,700,000.00|75,506.03|
|Add: Gains of change of fair value of assets(losswith"-")|||
|Investmentincome(loss with"-")||1,351,824.26|
|Including:Incomeform investmentonassociated enterpriseand jointly enterprise||1,351,824.26|
|2.Operating profit (losswith"-")|-4,001,281.89|-26,899,433.12|
|Add: Non-operatingrevenue|4,270,935.89|2,013,122.15|
|Less:Non-operatingcost|-25,581.70|811,336.87|
|Including:losson disposalofnon-currentassets|||
|3.Totalprofit(losswith"-")|295,235.70|-25,697,647.84|

||||
|-|-|-|
|Less:Incometax expenses|||
|4.Net profit(Losswith"-")|295,235.70|-25,697,647.84|
|5.Other comprehensivereturns|||
|6.Totalcomprehensivereturns|295,235.70|-25,697,647.84|
|7.Earnings pershare|||
|(1) Basic earnings per share|0.0007|-0.06|
|(2) Dilutedearnings per share|0.0007|-0.06|

 5. ConsolidatedIncomeSheetfromthebeginningoftheyeartotheendofreportperiod
Unit: RMBYuan
||||
|-|-|-|
|Item|Accountforthecurrentperiod|Account forthe prior period|
|1.Totaloperatingincome|1,726,661,066.95|2,321,588,005.63|
|Including:Operating revenue|1,726,661,066.95|2,321,588,005.63|
|Interestincome|||
|Handlingcharge andcommissionincome|||
|2.Totaloperatingcost|1,800,530,325.64|2,376,742,496.73|
|Including:Operating cost|1,562,036,472.24|2,109,959,936.45|
|Interestexpenses|||
|Handlingcharge andcommissionincome|||
|Tax&surcharges for main operations|8,423,197.12|8,824,154.26|
|Sellingexpenses|146,600,947.71|176,512,064.99|
|Administrativeexpense|58,670,057.21|56,243,283.04|
|Financialexpense|28,484,187.75|24,094,619.60|
|Lossof impairmentofassets|-3,684,536.39|1,108,438.39|
|Add: Gains of change of fair value of assets(losswith"-")|||
|Investmentincome(loss with"-")||3,613,039.85|
|Including:Incomeforminvestmenton associatedenterpriseandjointly enterprise|0.00|3,613,039.85|
|3.Operatingprofit (losswith"-")|-73,869,258.69|-51,541,451.25|
|Add:Non-operatingrevenue|11,827,716.73|7,618,970.08|
|Less:Non-operating cost|747,525.79|1,616,464.36|
|Including:losson disposalofnon-currentassets|||
|4.Totalprofit(losswith"-")|-62,789,067.75|-45,538,945.53|
|Less:Incometax expenses|849,160.60||
|5.Net profit(Losswith"-")|-63,638,228.35|-45,538,945.53|
|Net profit attributable to shareholders of parentcompany|-63,638,228.35|-45,538,945.53|
|Minorityinterests|||
|6.Other comprehensivereturns|||
|7.Totalcomprehensive returns|-63,638,228.35|-45,538,945.53|
|Totalcomprehensive returns availablefor parentcompany|-63,638,228.35|-45,538,945.53|
|Totalcomprehensive returns availablefor minorityshareholders|||
|8.Earnings per share|||
|(1) Basicearnings per share|-0.16|-0.11|
|(2) Dilutedearnings per share|-0.16|-0.11|

6. IncomeSheetofParentCompanyfromthebeginningoftheyeartotheendofreportperiod
Unit: RMBYuan
||||
|-|-|-|
|Item|Accountforthe currentperiod|Account forthe prior period|
|1.Totaloperatingincome|1,796,933,848.14|2,325,532,017.92|
|Less:Operatingcost|1,640,357,250.59|2,117,337,674.88|
|Interestexpenses|||
|Handling charge and commissionincome|||
|Tax&surchargesfor main operations|7,557,358.99|7,762,025.01|
|Sellingexpenses|145,263,814.94|175,585,643.76|
|Administrative expense|38,383,946.71|41,735,482.88|
|Financial expense|28,949,528.26|24,400,586.94|
|Lossof impairmentofassets|-3,684,536.39|1,108,438.39|
|Add: Gains of change of fair value of assets(losswith"-")|||
|Investmentincome(loss with"-")||3,613,039.85|
|Including:Incomeform investmentonassociated enterpriseand jointly enterprise||3,613,039.85|
|2.Operating profit (losswith"-")|-59,893,514.96|-38,784,794.09|
|Add: Non-operatingrevenue|10,831,843.84|4,071,781.43|
|Less:Non-operatingcost|314,475.91|1,606,266.81|
|Including:losson disposalofnon-currentassets|||
|3.Totalprofit(losswith"-")|-49,376,147.03|-36,319,279.47|
|Less:Incometax expenses|||
|4.Net profit(Losswith"-")|-49,376,147.03|-36,319,279.47|
|5.Other comprehensivereturns|||
|6.Totalcomprehensivereturns|-49,376,147.03|-36,319,279.47|
|7.Earnings pershare|||
|(1) Basic earnings per share|-0.12|-0.09|
|(2) Dilutedearnings per share|-0.12|-0.09|

 7. Consolidated Cash Flow Statement.
Unit: RMB yuan
||||
|-|-|-|
|Item|Account for the currentperiod|Accountfor the prior period|
|1.Cashfrom operatingactivities|||
|Cash received from sale of goods or rendering ofservices|1,083,562,127.88|1,138,571,924.97|
|Refundoftaxes andfares|||
|Other cash received relating to operatingactivities|2,228,854.32|12,305,658.16|
|Sub-totalof cash inflows|1,085,790,982.20|1,150,877,818.06|
|Cashpaid for goodsand services|517,240,706.61|583,730,460.25|
|Cashpaid to or onbehalfofthe employees|248,931,255.12|250,359,276.50|
|Taxpayments|38,351,588.10|56,426,590.27|
|Other cashpaid relatingto operating activities|101,671,399.83|136,112,289.75|
|Sub-totalof cash outflows|906,194,949.66|1,026,628,616.77|
|Net cash flowsfrom operatingactivities|179,596,032.54|124,249,201.29|
|2.Cashflowsfrom investingactivities|||
|Cashreceivedfrom return ofinvestment||240,000.00|
|Cashreceivedfrom investmentincomes|||
|Net cash received from disposal of fixed assets,intangible assetsandother long-term assets|64,000.00||
|Proceeds from sale of subsidiaries and other|||

||||
|-|-|-|
|operatingunits|||
|Other cash received relating to investingactivities|||
|Sub-totalof cash inflows|64,000.00|240,000.00|
|Cash paid to acquire fixed assets, intangibleassetsandother long-term assets|10,279,239.83|43,729,174.79|
|Cashpaid to acquire investment|11,250,000.00||
|Net cashused inacquiring subsidiaries and otheroperatingunits|||
|Other cashpaid relatingto investingactivities|||
|Sub-totalof cash outflows|21,529,239.83|43,729,174.79|
|Net cash flowsfrom investment activities|-21,465,239.83|-43,489,174.79|
|3.Cashflowsfrom financingactivities|||
|Cashreceivedfrom absorbinginvestment|||
|Including: Cash received from increase inminority interest|||
|Proceeds fromborrowings|762,579,700.00|698,000,000.00|
|Other proceedsrelatingto financing activities|||
|Sub-totalof cash inflows|762,579,700.00|698,000,000.00|
|Repaymentofborrowings|969,146,250.00|761,716,922.22|
|Distribution of dividends or profits & interestexpenses|31,022,640.99|32,200,831.11|
|Including: dividends or profit paid to minorityinterest|||
|Cashpaid for otherfinancing activities|||
|Sub-totalof cash outflows|1,000,168,890.99|793,917,753.33|
|Net cash flowsfrom financingactivities|-237,589,190.99|-95,917,753.33|
|4. Effects of foreign exchange rate changesoncash|1,703,111.01|1,195,793.12|
|5.Net increasesincash andcash equivalents|-77,755,287.27|-13,961,933.71|
|Add: cash and cash equivalent, at the beginningofyear|143,399,164.66|60,616,759.13|
|6.Cash and cash equivalent at the end of theyear|65,643,877.39|46,654,825.42|

8. Cash Flow Statement Of Parent Company.
Unit: RMB yuan
||||
|-|-|-|
|Item|Account for the currentperiod|Accountfor the prior period|
|1.Cashfrom operatingactivities|||
|Cash received from sale of goods or rendering ofservices|1,078,846,848.04|1,134,897,588.80|
|Refundoftaxes andfares||234.93|
|Other cash received relating to operatingactivities|1,804,635.93|11,860,528.46|
|Sub-totalof cash inflows|1,080,651,483.97|1,146,758,352.19|
|Cashpaid for goodsand services|588,613,875.16|636,463,030.85|
|Cashpaid to or onbehalfofthe employees|199,318,780.39|215,153,997.26|
|Taxpayments|29,000,550.13|45,648,002.97|
|Other cashpaid relatingto operating activities|90,567,105.02|125,281,882.52|
|Sub-totalof cash outflows|907,500,310.70|1,022,546,913.60|
|Net cash flowsfrom operatingactivities|173,151,173.27|124,211,438.59|
|2.Cashflowsfrom investingactivities|||
|Cashreceivedfrom return ofinvestment||240,000.00|

||||
|-|-|-|
|Cashreceivedfrom investmentincomes|||
|Net cash received from disposal of fixed assets,intangible assetsandother long-term assets|||
|Proceeds from sale of subsidiaries and otheroperatingunits|||
|Other cash received relating to investingactivities|||
|Sub-totalof cash inflows||240,000.00|
|Cash paid to acquire fixed assets, intangibleassetsandother long-term assets|6,132,706.41|43,358,144.79|
|Cashpaid to acquire investment|11,250,000.00||
|Net cashused inacquiring subsidiaries and otheroperatingunits|||
|Other cashpaid relatingto investingactivities|||
|Sub-totalof cash outflows|17,382,706.41|43,358,144.79|
|Net cash flowsfrom investment activities|-17,382,706.41|-43,118,144.79|
|3.Cashflowsfrom financingactivities|||
|Cashreceivedfrom absorbinginvestment|||
|Including: Cash received from increase inminority interest|||
|Proceeds fromborrowings|762,579,700.00|698,000,000.00|
|Other proceedsrelatingto financing activities|||
|Sub-totalof cash inflows|762,579,700.00|698,000,000.00|
|Repaymentofborrowings|969,146,250.00|761,716,922.22|
|Distribution of dividends or profits & interestexpenses|31,020,140.30|32,062,964.26|
|Including: dividends or profit paid to minorityinterest|||
|Cashpaid for otherfinancing activities|||
|Sub-totalof cash outflows|1,000,166,390.30|793,779,886.48|
|Net cash flowsfrom financingactivities|-237,586,690.30|-95,779,886.48|
|4. Effects of foreign exchange rate changesoncash|1,703,111.01|1,195,793.12|
|5.Net increasesincash andcash equivalents|-80,115,112.43|-13,490,799.56|
|Add: cash and cash equivalent, at the beginningofyear|135,518,792.14|56,478,876.74|
|6.Cash and cash equivalent at the end of theyear|55,403,679.71|42,988,077.18|

4.5Audited report
Auditopinions:not audited.