TigerResearch/tigerbot-earning-plugin huggingface dataset:
All taxes paid|36,122,880.68|10,663,193.28
 Disburse other cash in connection with operating activities|114,758,167.09|53,638,935.97
 Subtotal of cash outflow from operating activities|1,076,688,112.64|368,882,719.01
 Net cash flow from operating activities|169,161,567.25|-62,659,572.76
 Ii. Cash Flows generated from investment activities: Recovery of cash received from investment|0.00|-18,821.12
 Cash received from investment income|23,851.89|-831,587.72
 Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets|1,772,810.00|821,400.00
Net cash received on disposal of subsidiaries and other operating units Other cash received in connection with investment activities Subtotal of cash inflows from investing activities|1,796,661.89|-29,008.84
 Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets|7,104,306.36|536,849.28
 Cash paid by investment|4,110,000.00|0.00
 Obtain net cash paid by subsidiaries and other business units Disburse cash in connection with other investment activities Subtotal cash outflow from investment activities|11,214,306.36|536,849.28
 Net cash flow from investing activities|-9,417,644.47|-565,858.12
 Iii. Cash Flows generated by financing Activities: Absorb cash received from investments Obtain cash received on loan|1,018,000,000.00|99,000,000.00
 Other cash received in connection with fund-raising activities|69,878,631.34|68,764,347.22
Subtotal cash inflow from financing activities|1,087,878,631.34|167,764,347.22
 Cash to pay off debts|996,000,000.00|99,000,000.00
Cash disbursed to distribute dividends, profits, or interest payments|29,831,754.10|371,212.09
 Disburse cash in connection with other fundraising activities|199,211,995.47|60,500,000.00
 Subtotal cash outflow from financing activities|1,225,043,749.57|159,871,212.09
 Net cash flows from financing activities|-137,165,118.23|7,893,135.13
 IV. The impact of exchange rate changes on cash and cash equivalents|2,453,225.15|-50,031.67
 V. Net increase in cash and cash equivalents|25,032,029.70|-55,382,327.42
 Plus: Starting cash and cash equivalents balance|189,762,214.30|3,411,328.80
 Vi. Balance of cash and cash equivalents at the end of the period|214,794,244.00|-51,970,998.62
||| Other equity instruments|| The year in2022 Owner’s equity attributable to parent company||||||| Unit: RMB yuan|
 Item compreh  Other| Capital stock|||| Capital reserves| Less: invent| The|| Gener al risk||| Minority equity| Total owners' equity
 I.Ending balance of last year income ensive  Undistribut ed profit|| Prefe stock rred|inable  Susta debt|other||stocks ory|reserve special|reserves  Surplus|provis ion|oth er|subtotal||
-|402,600,000.00||||485,691,050.47|||136,770,391.01|||608,267,282.47||
416,794,15 9.01|||||||0.00||||||608,267,282.47
 Plus: changes in accounting policies Advance error correction Merger of enterprises under the same control other II.Balance at the beginning of the current year -416,794,159.01|402,600,000.00||||485,691,050.47|||136,770,391.01|||608,267,282.47||608,267,282.47
 III. Amount of increase or decrease in current period(marked with"-" for decrease) -139,897,498.87|||||||1,933,209.86||||-137,964,289.01||-137,964,289.01
(1) Total comprehensiv e income -139,897,498.87|||||||||||-139,897,498.87||-139,897,498.87
(2) capital input or reduction by|||||||||||||
1. Common
stock invested by the owner
2. Capital invested by holders of other equity instruments
3. Amount of share
payments credited to
owners' equity
4. Other
(3) Profit distribution
1.Withdraw surplus
2. Extract general risk provisions
3. Distribution to owners (or shareholders)
(4)Internal carryover of
1. Conversion of capital
reserves to increased capital (or
capital stock)
increased capital (or equity)3. The surplus reserves make up the losses4. Set changes in benefit plan to carry forward retained earnings5. Carry-over of other comprehensiv e income to retained earnings6. Other(5) Special reserve|||1,933,209.86|||1,933,209.86|1,933,209.86
1. Current extraction|||11,704,037.42|||11,704,037.42|11,704,037.42
2. Current use|||9,770,827.56|||9,770,827.56|9,770,827.56
(6) Others4. Ending balance of current period|402,600,000.00|485,691,050.47|1,933,209.86|136,770,391.01|-556,691,657.88|470,302,993.46|470,302,993.46
The amount of the previous
||| Other equity instruments|| The year in2021 Owner’s equity attributable to parent company|||||||||
 Item invent  Less:| Capital stock|||| Capital reserves| Other compreh| The|| Gener|||| Minority equity| Total owners' equity
stocks ory|| Prefe stock rred|inable  Susta debt|other||income ensive|reserve special|reserves  Surplus|provis al risk ion| Undistribut ed profit|oth er|subtotal||
I.Ending balance of last year -|402,600,000.00||0.00||485,691,050.47|0.00||0.00||0.00||814,004,967.89|814,004,967.89
211,056,47 3.59||0.00||0.00|||0.00||136,770, 391.01||||
 Plus: changes in accounting policies Advance error correction Merger of enterprises under the same control other II.Balance at the beginning of the current year -|402,600,000.00|0.00||0.00|485,691,050.47|0.00|0.00|0.00|136,770,391.01||||
211,056,47 3.59|||0.00|||||||0.00|0.0 0|814,004,96 7.89|814,004,967.89
 III. Amount of increase or decrease in current period(marked with"-" for decrease) -205,737,685.42|||||||||||0.00|-205,737,685.42|-205,737,685.42
(1) Total comprehensiv e income -205,737,685.42||||||||||||-205,737,685.42|-205,737,685.42
(2) capital input or reduction by the owner1. Common stock invested by the owner2. Capital invested by holders of other equity instruments|||||||||||||
2. Conversion of surplus reserves to increased capital (or equity)
3. The surplus reserves
make up the losses
4. Set
benefit plan to carry forward retained earnings5. Carry-over of other comprehensiv e income to retained earnings6. Other(5) Special reserve1. Current extraction2. Current use(6) Others4. Ending|402,600,000.00||||||||||-|||
balance of current period||0.00|0.00|0.00|485,691,050. 47|0.00|0.00|0.00|136,770, 391.01|0.00|416,794,15 9.01|0.0 0|608,267,28 2.47|608,267,282.47
8. Sheet Of Changes In Shareholder’s Equity Of Parent Company. This amount
|||||||2021||||||||
 Item| Capital stock| Other equity instruments||| Capital reserves| Less:| Other| The speci|||||||
|| Preferred stock| Sustainab le debt|othe r||y stocks inventor|comprehensi ve income|reserv al|reserves  Surplus|| Undistributed profit||other| Total owners' equity|
||||||||e|||||||
 I.Ending balance of last year|402,600,00 0.00||||485,678,443. 26|||0.00|136,770,391.|01|295,864,551.0|4 -||729,184,283.2|3
 Plus: changes in accounting policies Advance error correction other II.Balance at the beginning of the current year|402,600,000.00||||485,678,443.26|||0.00|136,770,391.01||-295,864,551.04|||729,184,283.23|
 III. Amount of increase or||||||||441,3||||-|||-
decrease in current period(marked with "-" for decrease)|90.04|78,942,697.14|78,501,307.10
(1) Total comprehensive income||-78,942,697.14|-78,942,697.14
(2) capital input or reduction by the owner1. Common stock invested by the owner2. Capital invested by holders of other equity instruments3. Amount of share payments credited to owners' equity4. Other(3) Profit distribution1. Withdraw surplus reserve2. Distribution to owners (or shareholders)3. The other(4)Internal carryover of owners' equity1. Conversion of capital reserves to increased capital(or capital stock)2. Conversion of surplus reserves to increased capital(or equity)3. Surplus reserves to cover losses4. Set changes in benefit plan to carry forward retained earnings5. Carry-over of other comprehensive income to retained earnings6. Other|||
(5) Special reserve|||441,390.04|||441,390.04
1. Current extraction|||7,186,265.21|||7,186,265.21
2. Current use|||6,744,875.17|||6,744,875.17
(6) Others IV. Ending balance of current period|402,600,000.00|485,678,443.26|441,390.04|136,770,391.01|-374,807,248.18|650,682,976.13
|||||||2021||||||
 Item| Capital stock| Other equity instruments||| Capital reserves| Less:| Other| The speci| Surplus reserves| Undistributed profit|||
|| Preferred stock| Sustainab le debt|othe r||y stocks inventor|comprehensi ve income|reserv al|||other| Total owners' equity|
||||||||e|||||
 I.Ending balance of last year|402,600,00 0.00||||485,678,443. 26||||136,770,391. 01|128,677,200.6 9 -||896,371,633.5|8
 Plus: changes in accounting policies Advance error correction other II.Balance at the beginning of the current year|402,600,000.00||||485,678,443.26||||136,770,391.01|-128,677,200.69||896,371,633.58|
 III. Amount of increase or decrease in current period(marked with "-" for decrease)||||||||||-167,187,350.35||-167,187,350.35|
(1) Total comprehensive income||||||||||-167,187,350.35||-167,187,350.35|
(2) capital input or reduction by the owner1. Common stock invested|||||||||||||
by the owner
3. Amount of share payments credited to owners' equity
1. Withdraw surplus reserve
2. Distribution to owners (or shareholders)
3. The other
(4)Internal carryover of owners' equity
reserves to increased capital(or capital stock)
2. Conversion of surplus
reserves to increased capital(or equity)
3. Surplus reserves to cover losses
4. Set changes in benefit plan to carry forward retained earnings
5. Carry-over of other
comprehensive income to retained earnings
(5) Special reserve
1. Current extraction
2. Current use
(6) Others
IV. Ending balance of current period
402,600,00
485,678,443.
136,770,391.
295,864,551.0
729,184,283.2
III The basic information of company i. Basic information
Wafangdian Bearing Company Limited (the “Company”, the “Group”is referred to“Company”together with its subsidiaries) is a joint stock limited company established in the People’s Republic of China (the “PRC”) on 16 July, 1996. In the opinion of the directors, its parent and ultimate holding company is Wafangdian Bearing Group Company Limited (“Wazhou Group”).
The Company’s B shares have been listed on the Shenzhen Stock Exchange since19 February, 1997.
The Company’s founding meeting and the first meeting of the first board of directors decided that the effective date of the shareholding system reorganization in the accounting of the Company (that is, the date of the establishment of the Company's accounts) was determined as April 1, 1997 on March 19, 1997.
The Company has obtained the business license of the enterprise legal person on March 20, 1997, and the registration number is DaGongShangQiFaZi24239971-2. The business scope includes the manufacture and sale of bearings, mechanical equipment, auto parts and related products.
The Company's B shares were officially listed on the Shenzhen Stock Exchange on March 25, 1997, raising funds of CNY406.58 million. After the issuance, the Company's registered capital was CNY330 million.
In accordance with the Supplementary Notice on Issues Concerning the Equity Distribution of Listed Companies under the Rules Governing the Listing of Stocks of the Shenzhen Stock Exchange (hereinafter referred to as the “Supplementary Notice”) issued by the Shenzhen Stock Exchange on August 30, 2006, based on the audited financial report on September 30, 2006, the Company implemented the conversion of capital reserve into share capital, giving 2.2 shares for every 10 shares, and the total share capital increased from 330 million shares to 402.6 million shares, of which Wazhou Group owned the legal person shares increased from 200 million shares to 244 million shares, accounting for 60.6% of the total share capital; the Swedish SKF Company increased from 65 million shares to 79.3 million shares, accounting for 19.7% of the total share capital; public shares increased from 65 million shares to 79.3 million shares, accounting for 19.7% of the total share capital. After the implementation of this plan, the Company's shareholding structure meets the requirements of the "Supplementary Notice" of the Shenzhen Stock Exchange.
The parent company is Wazhou Group. General shareholders meeting is the company’s authority and have the resolution power over company’s business policy, financing, investment and profit appropriation etc. significant events in accordance with relevant law. Board of directors is responsible for general meeting and has the power over the company’s decision making. Management is in charge of implementation of resolution made by general meeting and board meeting and is responsible for operation management. Wholly owned subsidiaries of the Company include Wazhou Liaoyang Bearing Manufacturing Co., Ltd, Dalian Wazhou Precision Electric Motor Car Bearing, and Wazhou Precision of Spherical Roller Bearings(Wafangdian) Co., Ltd.
The company belongs to the bearing manufacturing industry, mainly engaged in the production and sales of various types of bearings. The addresses of the registered office and principal place of business of the Company are No. 1, Phrase 1, North Gongji Street, Wafangdian, Liaoning Province, and the PRC Legal representative is Liu Jun. Registered according to law, the business scope of the company is as follows: Licensed items: inspection and testing services, import and export of goods, import and export of technologies (for items subject to approval according to law, business activities can only be carried out after approval by relevant departments, and the specific business items shall be subject to the approval result)Bearing manufacturing, bearings, gears and transmission components manufacturing, high speed precision heavy-duty bearing sales, sales bearings, gears and transmission parts, bearing sales, general equipment manufacturing (excluding special equipment manufacturing), high-speed rail equipment, parts manufacturing, machinery and equipment sales, rail transportation equipment, key system and parts sales, sales of lubricating oil, high-speed rail equipment and accessories sales, Wind generators and spare parts sales, machinery parts, spare parts sales, railway locomotive vehicle accessories manufacturing, railway locomotive vehicle accessories sales, auto parts and accessories manufacturing, auto parts wholesale and retail auto parts, metal products repair, sales metal materials, metal products sales, metal surface treatment and heat treatment processing, quenching process, machinery parts and spare parts processing, land use right leasing, housing leasing, non-residential real estate leasing, mechanical equipment leasing, computer and communication equipment leasing, transportation equipment leasing service, office equipment leasing service, storage equipment leasing service, special equipment leasing, labor services (excluding labor dispatch), Technology service, technology development, technology consultation, technology exchange, technology transfer, technology popularization (with the exception of the projects subject to approval according to law, independently carry out business activities according to law with the business license).
ii. Approval of financial statements
(1)These financial statements were approved by the Company's Board of Directors on April 26, 2023.
(2)Financial Statement Consolidation Scope
For details of the Company's subsidiaries, please refer to "VII. Interests in other entities" in this note.
For details of changes in the scope of consolidation during the reporting period, please refer to "VI. Changes in the scope of consolidation" in this note.
I. The basis for the preparation of financial statements
(1 ) Basis of preparation
The financial statements have been prepared in accordance with the "Accounting Standards for Business Enterprises - Basic Standards" and various specific accounting standards, guidelines for the application of accounting standards for business enterprises, interpretations of accounting standards for business enterprises and other related regulations (hereinafter collectively referred to as"Accounting Standards for Business Enterprises") issued by the Ministry of Finance, as well as the relevant provisions of the "General Provisions on Financial Reporting, No. 15 of the Rules Governing the Preparation of Information Disclosures by Companies Issuing Public Securities" of the China Securities Regulatory Commission.
(2 ) Going concern
The group has evaluated the going-concern capability for the 12 months from the end of the reporting period, and has found no significant doubts about the going- concern capability. Therefore, the financial statements are prepared on the assumption of going concern.
III. Significant Accounting Policies and Accounting Estimates
The group established the accounting policy and estimate, such as operation cycle, bad debt recognition and measurement, dispatched inventory measurement and classification of fixed assets and FA’s depreciation, intangible asset’s amortization, capitalization condition of research and development expenses, revenue recognition and measurement based on the actual characters of business operation.
(1 )Declaration for compliance with Accounting Standards for Business Enterprises
The financial statements are prepared by the Group according to the requirements of Accounting Standards for Business Enterprises, and reflect the relative information for the financial position, operating performance, cash flow of the Group truly and fully.
(2)Accounting period
The Group adopts the Gregorian calendar year as accounting period, i.e. from Jan 1 to Dec 31.
(3)Operating cycle
Normal operating cycle refers to the duration starting from purchasing the assets for manufactuing up to cash or realization of cash equivalents. The group sets twelve months for one operating cycle and as the liquidity criterion for assets and liability.
(4)Functional currency
The Group adopts CNY as functional currency.
(5)Accounting for business combination under same control and not under same control
Business combinations under common control: Assets and liabilities acquired by the consolidating party in a business combination (including goodwill resulting from the acquisition of the consolidated party by the ultimate controlling party) are measured at the carrying value of the consolidated party's assets and liabilities in the consolidated financial statements of the ultimate controlling party at the date of the combination. The difference between the book value of the net assets acquired in the merger and the book value of the merger consideration paid (or the total nominal value of shares issued) is adjusted against the equity premium in capital surplus, and if the equity premium in capital surplus is not sufficient for elimination, retained earnings are adjusted.
Business combinations not under common control: The cost of the combination is the fair value of the assets paid, liabilities incurred or assumed and equity securities issued by the purchaser to obtain control of the acquiree at the date of acquisition. The difference between the cost of the combination and the share of the fair value of the acquiree's identifiable net assets acquired in the combination is recognized as goodwill; the difference between the cost of the combination and the share of the fair value of the acquiree's identifiable net assets acquired in the combination is recognized in profit or loss for the period. Each identifiable asset, liability and contingent liability of the acquiree acquired in a merger that meets the recognition criteria is measured at fair value at the date of acquisition.
Directly related costs incurred for a business combination are recognized in profit or loss as incurred; transaction costs for issuing equity securities or debt securities for a business combination are included in the initial recognition amount of the equity securities or debt securities.
(6)Method of preparation of consolidated financial statements
1. Scope of consolidation
The scope of consolidation in the consolidated financial statements is determined on the basis of control, and the scope of consolidation includes the Company and all of its subsidiaries. Control means that the Company has power over the investee, enjoys variable returns through its participation in the investee's related activities, and has the ability to use its power over the investee to influence the amount of its returns.
2. Consolidation procedures
The Company considers the entire enterprise group as one accounting entity and prepares consolidated financial statements in accordance with uniform accounting policies to reflect the financial position, results of operations and cash flows of the enterprise group as a whole. The effects of internal transactions that occur between the Company and its subsidiaries and between subsidiaries are eliminated. If an internal transaction indicates an impairment loss on the related asset, the full amount of such loss is recognized. If the accounting policies and accounting periods adopted by a subsidiary are not consistent with those of the Company, the necessary adjustments are made in accordance with the Company's accounting policies and accounting periods when preparing the consolidated financial statements.
The share of ownership equity, net profit or loss for the period and comprehensive income for the period attributable to minority shareholders of the subsidiaries are presented separately in the consolidated balance sheet under the item of ownership equity, in the consolidated income statement under the item of net profit and in the consolidated statement of total comprehensive income, respectively. The balance resulting from the subsidiary's minority share of current loss exceeding the minority's share of the subsidiary's opening ownership interest is eliminated to reduce shareholders' equity.
(1) Increase number of subsidiaries or operations
During the reporting period, if a subsidiary or business is added as a result of a business combination under the same control, the operating results and cash flows of the subsidiary or business from the beginning of the period in which the subsidiary or business is combined to the end of the reporting period are included in the consolidated financial statements, while the opening balance of the consolidated financial statements and the relevant items in the comparative statements are adjusted as if the consolidated reporting entity had existed since the point when the ultimate controlling party began to control it.
If control over an investee under the same control can be exercised due to additional investment, equity investments held prior to the acquisition of control over the investee are eliminated from the opening retained earnings or current profit or loss for the comparative statement period, respectively, for the relevant gains or losses, other comprehensive income and other changes in net assets recognized between the later of the date of acquisition of the original equity interest and the date when the consolidated party and the investee are under the same control and the date of consolidation.
During the reporting period, the addition of subsidiaries or operations as a result of a business combination not under common control is included in the consolidated financial statements from the date of acquisition based on the fair value of each identifiable asset, liability and contingent liability determined at the date of acquisition. If, for example, additional investments enable the exercise of control over an investee not under common control, the equity interest in the investee held prior to the date of acquisition is remeasured at the fair value of that equity interest at the date of acquisition, and the difference between the fair value and its carrying amount is recognized as investment income for the current period. The difference between the fair value and its carrying amount is recognized as investment income for the period. The equity interest in the investee held prior to the date of acquisition is transferred to investment income for the period to which the equity interest is transferred under the equity method.
(2) Disposal of subsidiaries1General treatment