瓦轴B：2021年第一季度报告全文（英文版）.PDF

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1、Wafangdian Bearing Compnay LimitedThe Q1 Report for 20211Stock code: 200706stock short form: Wazhou BReport code: 2021-12Wafangdian Bearing Company LimitedThe Q1 Report for 20211 Important NotesThe Board of Directors, Board of Supervisors, directors, supervisors, and top management of the Company he

2、rebyguaranteed that there are no false records, misleading statements, and major omits in this report, and assumed the individualand associated responsibilities for the truth, accuracy and completeness of the contents.All directors attended the Board meeting and discussed the report.Chairman of the

3、Board Mr. Liu Jun, Financial manager Ms.Sun Najuan, Accounting charger Ms.Zhang Yajing herebyconfirms that the Financial Report of the quarterly report is true and complete.2 Companys basic situationI.Major accounting data and financial indexesWhether the company needs to retroactively adjust or res

4、tate previous accounting dataApplicable InapplicableUnit: RMB yuanJan-Mar 2021Jan-Mar 2020+/- to previousOperating income(Yuan)413,507,921.87393,595,783.195.06%Net profits attributed Shareholders(Yuan)2,486,349.893,564,162.27-30.24%Net profit (yuan) deducting non-recurring gainsand losses attributab

5、le to shareholders of thelisted company2,242,469.733,086,300.14-27.34%Net cash flows from operation activities-27,699,435.5718,583,796.31-249.05%Basic gains on per share0.010.010.00%Diluted gains on per share0.010.010.00%Weighted average return on equity(yuan)0.30%0.29%0.01%2021.3.312020.3.31+/- to

6、previousTotal assets(yuan)3,125,828,611.913,133,942,842.94-0.26%Owners equity (shareholdersequity)(yuan)816,491,476.42814,004,967.890.31%Items of non-recurring gains and lossesApplicable InapplicableUnit: RMB yuanItemsAmount from the beginningof the year to the end of thereporting periodNoteNon-curr

7、ent assets disposal of profits and losses(Including the offset partof the provision for assets impairment provision)-1,007,067.07Gains and losses included in the current period of government subsidies,excluding those government grants which are closely related to normalbusiness and in line with nati

8、onal policy, or in accordance with fixedstandards or quantities1,212,169.22Profit of loss from debts restructuring594,244.41Wafangdian Bearing Compnay LimitedThe Q1 Report for 20212In addition to the normal business of the company effectivehedging related business, tradable financial assets, derivat

9、ivefinancial assets, tradable financial liabilities, changes in the fairvalue of the derivative financial liabilities to generate profits andlosses, as well as the disposal of tradable financial assets,derivative financial assets, tradable financial liabilities, derivativefinancial liabilities and o

10、ther creditors rights investment returns13,867.66Other non-business income and expenditures other than the above-526,296.38Influenced amount of income tax43,037.68Total243,880.16-For the company according to the Company Information Disclosure of Securities for Public Issuance Explanatory Announcemen

11、t No. 1 -Non-Recurring Profit and Loss define non-recurring gains and losses as defined in the project, and put thecompany information disclosure ofsecurities for public issuance explanatory announcement No. 1 - non-recurring profit and loss of non-recurring profit and loss items defined aslisted in

12、 the current profits and losses of the project, should be explained the reasons.Applicable InapplicableDuring the reporting period of the company, there is no circumstance that the non-recurring profit and loss items listed in the explanatory notice no.1 - non-recurring profit and loss of the compan

13、y information disclosure of publicly issued securities are defined as recurring profit and loss items.II .Total number of shareholders at the end of the report period and shares held by the top ten shareholders1、Table of the total number of common shareholders and the number of preferred shareholder

14、s and theshareholding status of the top 10 shareholdersUnit: ShareTotal number of shareholder at the endof report period5,896Total number of shareholder at the end of reportperiod with preferred stock (if any)0The holdings of the top 10 shareholdersNameNatureRatioTotal sharesheldNon-currentshares he

15、ldImpawned or Frozen SharesStatusAmountWafangdianBearing GroupCorporationState-ownedshareholder60.61%244,000,000244,000,000AKTIEBOLAGETSKFForeignshareholder19.70%79,300,000China MerchantsSecurities HongKong LimitiedState-ownedshareholder1.86%7,480,691Huang JunyueDomesticshareholder1.72%6,913,668Hu X

16、iaofengDomesticshareholder0.47%1,879,277GUOTAI JUNANSECURITIES(HONGKONG) LIMITEDForeignshareholder0.34%1,366,800BOCISECURITIESLIMITEDForeignshareholder0.33%1,310,000Jin YunhuaDomesticshareholder0.19%750,000Meng QingliangDomesticshareholder0.18%734,548MAN,KWAIWING 文贵荣Domesticshareholder0.18%713,101To

17、p Ten Tradable ShareholdersNameCurrent shares held at end of yearCategory of SharesWafangdian Bearing Compnay LimitedThe Q1 Report for 20213CategoriesAmountAKTIEBOLAGET SKF79,300,000B79,300,000China Merchants Securities Hong KongLimitied7,480,691B7,480,691Huang Junyue6,913,668B6,913,668Hu Xiaofeng1,

18、879,277B1,879,277GUOTAI JUNANSECURITIES(HONGKONG) LIMITED1,366,800B1,366,800BOCI SECURITIES LIMITED1,310,000B1,310,000Jin Yunhua750,000B750,000Meng Qingliang734,548B734,548MAN,KWAI WING713,101B713,101Zhou Lin575,100B575,100Explanation for the Affiliated Relations orUnited Action of the Top TenShareh

19、olders and the Top Ten TradableShareholdersThere was no relationship and consistent activities between the first big shareholder and othershareholders or the top ten common stock holders; The relationship among other shareholders, top tencirculation shareholders, top ten circulation shareholders and

20、 other shareholders was not clear.Whether the top 10 common shareholders of the company and the top 10 common shareholders of the company with unlimitedconditions of sale shall carry out the agreed repurchase transaction during the reporting period Yes NoThe top 10 common shareholders of the company

21、 and the top 10 common shareholders with unlimited conditions of sale did notcarry out the agreed repurchase transaction during the reporting period.2. Table of the total number of preferred shareholders and the shareholding status of the top 10 preferredshareholdersApplicable Inapplicable3 Signific

22、ant items1 The changes of main financial data and financial indicators in the reporting period and the reasonsApplicableInapplicableUnite:10000 yuanItemClosingAmountOpeningAmount(+/_)RatioReasons for Changeprepayments11,0545,377105.6%Semi-finished products supplier an increase of 55.12 millionyuan i

23、n advanceOther receivables2031,420-85.7%Travel, business activities deposit loan in this period have tosubmit an expense accountinventory83,84461,56636.2%Mainly finished goods are beginning an increase of 186.43million yuan, the raw material is beginning an increase of 45.05million yuan, semi-finish

24、ed products fell 8.7 million yuan at thebeginningRight to use assets113-On the basis of new lease criterion, network on rental housingconfirmation to use assetsContract liability10,1753,946157.9%According to the provisions of the new guidelines will advancepayments without tax part weight classifica

25、tion as contractliability, this period deferred revenue increased dramaticallyDeal with the employeecompensation2,5985,268-50.7%Paid in current period of provision of merit pay 23.55 millionyuanPayable taxes927369151.2%VAT is beginning an increase of 658 yuan, the property tax toreduce 900000 yuanOt

26、her payables7,44412,948-42.5%Payment to the supplier 46 million yuanWafangdian Bearing Compnay LimitedThe Q1 Report for 20214Other current liabilities1,207513135.3%According to the provisions of the new guidelines will bedeferred revenue tax part classification for other currentliabilities, debt con

27、tract is the initial increase in other currentliabilities will increaseLease liability127-On the basis of new lease criterion, network on rental housinglease a liabilityTax and additional44531043.5%Mainly attached VAT tax increasesCost of sales3,4842,37846.5%Mainly freight, poor travelling expenses

28、from the previousincreaseManagement fees2,0931,06896.0%Mainly organization adjustment to current wage growth andinsuranceResearch and development costs3,1444,623-32.0%Current research and development projects and different lead tothe project schedule of the previous periodNon-operating income6225-97

29、.3%This fine of revenue from a year earlierNon-business expenses8612616.7%Main is fineProfit total249356-30.1%Tax and additional year-on-year increase of 1.35 million yuan.Four cost year-on-year increase of 6.38 million yuan, operatingmargin year-on-year increase of 8.96 million yuanOther related to

30、 business activitiesof cash received1,327144821.5%Receive customer deposit more for this issue.Paid to the worker and the cash topay for the worker11,0397,28151.6%Paid in current period of wages and insurance gold to increasefrom a year earlier.Pay various taxes1,45694753.7%This period of pay value

31、added tax and business tax wasincreased over the same period last year.Other related to business activitiesof cash payment8,4553,229161.8%Paid in current period customer margin in this presentation,balance of payments in the same item presentation over thesame period last yearDisposal of fixed asset

32、s, intangibleassets and other long-term assetsrecovery net cash69-This issue received sale of fixed assets.Borrow money received in cash9,9006,00065.0%This short-term borrowing to increase from a year earlier.Other related to the financingactivities of cash received-4,157-100.0%In the same period la

33、st year to receive loans.Repayment of the debt to pay incash7,100-This period to repay the loan to pay cash to increase from ayear earlier.The impact of exchange ratemovements of cash and cashequivalents4985-42.4%Affected by currency movements.2 .Progress of significant events, their influence, and

34、analysis and explanation of their solutionsApplicable InapplicableImplementation progress of share repurchaseApplicable InapplicableImplementation progress of share buyback reduction through centralized biddingApplicable Inapplicable3.The company, shareholders, actual controller, the acquirer, direc

35、tors, supervisors and senior managementpersonnel or other related parties to fulfill commitments and the final report has not been fulfilled in the reportingperiodApplicable InapplicableDuring the reporting period of the company, there are no commitments made by the actual controller, shareholders,

36、related parties, acquirers andWafangdian Bearing Compnay LimitedThe Q1 Report for 20215other relevant parties of the company that have not been fulfilled within the reporting period.4.The financial asset investment（1）Particular about security investmentApplicable InapplicableWafangdian Bearing Compa

37、ny LimitedThe Q1 Report for 20206Unit: RMB YuanTypes ofsecuritiesCodeabbreviationsThe initialcost ofinvestmentAccountingmeasurementmodelvalue atthebeginningChanges inthe fairvalue of thecurrentperiodprofit andlossIncluded in thecumulativechanges in thefair value of therights andinterestsCurrentpurch

38、aseamountCurrentsoldamountProfit andloss in thereportingperiodBook value atthe end of theperiodAccountingsubjectsSources offundingDomesticandoverseasstock601005Chongqing ironand steel567,033.30The fairvaluemeasurement228,046.0013,867.66-325,119.640.000.0013,867.66241,913.66Transactional financialass

39、etsdebt-for-equityTotal567,033.30-228,046.0013,867.66-325,119.640.000.0013,867.66241,913.66-The securities investment forexamination and approval of theboard of directors announcementdateFor examination and approval of thesecurities investment shareholdersannouncement date (if any)（2）Particular abou

40、t derivativesApplicable InapplicableThere is no derivative investment during the reporting period.5.Progress of investment projects with raised fundsApplicable Inapplicable6.On June 1-2021 business performanceForecast to the next reporting period at the beginning of the final cumulative net profit m

41、ay be a loss or substantial change of year-on-year warning and reasons.Applicable Inapplicable7.Daily business major contractsApplicable InapplicableWafangdian Bearing Company LimitedThe Q1 Report for 202078.Entrust financial managementApplicable InapplicableThe report period of the company does not

42、 exist entrusted financial management.9.Illegal external guaranteeApplicable InapplicableThere is no violation of external guarantee during the reporting period.10. Controlling shareholder and its related parties to the listing Corporations non operating fundsApplicable InapplicableDuring the report

43、ing period of the company, there is no non-operating capital occupied by the controlling shareholder or its related parties to thelisted company.11.Activities on receiving research, communication and interview in the report periodApplicable InapplicableThe company during the reporting period, there

44、was no reception activities such as research, communication and interview.4The financial statementsI The financial statements1.Consolidated Balance Sheet.Preparation unit: Wafangdian Bearing Co., LTDUnit: RMB YuanItemsMarch31, 2021December31, 2020Current assets ：Monetary fund178,423,922.63194,152,28

45、0.08Clearing reservesLending moneyTrading financial assets241,913.66228,046.00Derivative financial assetsNotes receivable309,039,607.62416,044,578.48Accounts receivable898,645,897.13975,628,091.12Receivables financing118,399,972.13130,600,545.59Prepayments110,541,917.8653,772,465.49Premiums receivab

46、leReinsurance accounts receivableReserve for reinsurance contractsreceivableOther receivable2,030,088.1014,204,144.25Including: Interest receivableDividend receivableBuy and sell back financial assetsInventory838,435,783.16615,656,946.30Contract assetsHolding assets for saleNon-current assets that m

47、aturewithin one yearOther current assets37,604,948.2824,610,448.93Wafangdian Bearing Company LimitedThe Q1 Report for 20208Total current assets2,493,364,050.572,424,897,546.24Non- current assets：Make loans and advancesCreditors rights investmentOther debt investmentsLong-term receivablesLong-term eq

48、uity investmentInvestment in other equity instruments11,926,856.6411,926,856.64Other non-current financial assetsInvestment real estate115,960,592.39117,516,482.39Fixed assets400,481,405.17474,109,923.22Projects under construction22,615,532.3124,254,985.16Productive biological assetsOil and gas asse

49、tsUsage asset1,133,261.19Intangible assets79,922,893.9580,725,861.18The development of spendinggoodwillLong-term deferred expenses424,019.69511,188.11Deferred tax assetsOther non-current assetsTotal non-current assets632,464,561.34709,045,296.70Total assets3,125,828,611.913,133,942,842.94Current lia

50、bilities:Short-term borrowing698,000,000.00670,000,000.00Borrowing from the central bankFunds borrowed fromTransactional financial liabilitiesDerivative financial liabilityNotes payable327,753,404.76274,654,535.65Accounts payable959,613,669.431,044,801,896.85Advance paymentContract liability101,753,