瓦 轴Ｂ：报告摘要（英文版） .ppt

,Tel.,Fax,Wafangdian Bearing Company Limited 2011 Annual Report Abstract,Stock Code:200706,Stock Name for Short:Wazhou B,Bulletin Number:2012-02,Wafangdian Bearing Company Limited2011 Annual Report Abstract 1.Important Notes1.1 The Board of Directors,board of supervisors,directors,supervisors,and top management ofthe Company hereby guaranteed that there are no false record,false statement of misleading data,andmajor omits in this report,and assumed the individual and associated responsibilities for the truth,accuracy and completeness of the contents.This abstract was derived from the annual report,theannual report issued on the http:/www.chinafo,at the same time;details please refer to thewhole annual report.1.2 Besides the directors as follows,all the others directors presented the Board meetingreviewing the annual report.,Name of the absented directorFang BoZhang Qiluan,Absent reasonsDue to busy workDue to busy work,Assignee nameRakesh MakhijaLiu Yuping,1.3 Shine Wing certified public accountants offered standard and unreserved auditing report.1.4 Chairman of the company Mr.Wang Lushun,accounting controller Ms.Sun Najuan,andaccounting director Ms.Yao Chunjuan guaranteed the financial report of the annual report is true andcompleted.2 Brief Information of the listed company2.1 Brief information,Stock name for shortStock CodeListing location of the stock2.2 Linkman and contact method,Wazhou B200706Shenzhen Stock Exchange,Secretary of the board of directors,Authorized StockRepresentative,and,Security,Affairs,NameCorrespondenceaddress,Sun NajuanNo.1 Beigongji Street,Wafangdian City,Liaoning Province,China0411-391163690411-39116738,Su ShaoliNo.1 Beigongji Street,Wafangdian City,LiaoningProvince,China0411-391167320411-391167381,3,Wafangdian Bearing Company Limited 2011 Annual Report Abstract,E-mail,Abstract of accounting data and financial indicators3.1 Main accounting dataUnit:RMB Yuan,Year of 2011,Year of 2010,+/-to previous,Year of 2009,Operating incomeOperating profitTotal profitsNet profit available for shareholders oflisting company,3,246,031,112.9243,087,348.5872,424,648.3760,526,329.15,3,055,143,917.2784,825,485.43108,127,894.5387,900,637.71,6.25%-49.20%-33.02%-31.14%,2,309,906,963.1947,403,238.6988,253,193.6967,609,018.37,Net profit available for shareholders of,listing company with abnormalincomes deducted,35,174,228.67,70,423,830.89,-50.05%,36,983,634.41,Net cashactivities,flows,from,operation,190,486,014.68,65,747,828.22,189.72%,16,557,191.55,Year-end of 2011,Year-end of 2010,+/-to previous,Year-end of 2009,Total assetsTotal liabilityOwners equity(shareholders equity)Capital stock,3,533,795,515.582,044,035,876.711,489,759,638.87402,600,000.00,3,119,127,425.101,673,790,115.381,445,337,309.72402,600,000.00,13.29%22.12%3.07%0.00%,2,933,190,560.031,578,647,038.251,352,285,215.46402,600,000.00,3.2 Main financial indicatorsUnit:RMB Yuan,Year of 2011,Year of 2010,+/-to previous,Year of 2009,Basic gains on per shareDiluted gains on per shareBasic gains on per share with abnormal incomesdeductedWeighted average net returns on net assetWeighted average net returns on net asset withabnormal incomes deductedNet cash flow on per share gained from operationactivitiesNet assets on per share available for shareholdersDebt Asset ratio,0.150.150.094.12%2.39%0.47Year-end of 20113.7057.84%,0.220.220.176.28%7.78%0.16Year-end of 20103.5953.66%,-31.82%-31.82%-47.06%-2.16%-5.39%193.75%+/-to previous3.06%4.18%,0.170.170.095.10%2.79%0.04Year-end of 20093.3653.82%,3.3 Abnormal profits and loss item,Applicable,Not applicable,Unit:RMB Yuan,ItemGain or loss from disposal of non-current assetsGovernment grants recorded into profit or loss during currentperiod,Year of 20114,395,842.4614,770,590.88,Annotations（ifsuitable）,Year of 20101,072,862.1713,226,114.30,Year of 2009972,075.0625,163,427.81,2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,B,B,B,B,B,B,B,Wafangdian Bearing Company Limited 2011 Annual Report Abstract,Profit or loss from debts restructuringOthers non-operating revenue and expense besides theabove itemsEffect from income taxEffect of minority interestsTotal,-953,101.339,038,846.63-1,900,078.160.0025,352,100.48,-342,630.039,346,062.66-5,825,602.280.0017,476,806.82,6,279,604.118,434,848.02-10,212,488.75-12,082.2930,625,383.96,4 Information on equity changes and controller framework4.1 Information on the top 10 shareholders and the top 10 current share holding shareholdersUnit:Share,Total shareholders at the end of 2011,8,884,Total shareholders at the end ofMarch 31,2012,8,883,Top ten shareholders status,Name,Nature,Proportion,Total shares,Non-circulationshares,Impawned andfrozen shares,Wafangdian bearing Group CorporationAKTIEBOLAGET SKFGAOLING FUND,L.P.Huang JunYueMa YuanchengMAN,KWAI WING 文贵荣Merchant Securities(HK)Co,.Ltd,State-ownedshareholderForeignshareholderForeignshareholderDomesticshareholderDomesticshareholdeForeign privateshareholderState-ownedshareholder,60.61%19.70%1.82%0.92%0.18%0.18%0.14%,244,000,00079,300,0007,325,3553,698,700742,325713,101548,753,244,000,000,79,300,000,Domestic,Chen Zhongwu,private,0.13%,532,800,0,0,shareholder,Hei YouxinBOCI SECURITIES LIMITED,Foreign privateshareholderForeignshareholder,0.13%0.12%,512,559468,138,Information on first 10 circulation shareholders,NameAKTIEBOLAGET SKFGAOLING FUND,L.P.Huang JunYueMa YuanchengMAN,KWAI WING 文贵荣Merchant Securities(HK)Co,.LtdChen Zhongwu,Amount79,300,0007,325,3553,698,700742,325713,101548,753532,800,Type,3,B,B,B,Wafangdian Bearing Company Limited 2011 Annual Report Abstract,Hei YouxinBOCI SECURITIES LIMITEDYang YufeiThe explanation on the relationship and consistentactivities between above shareholders,512,559468,138466,030There was no relationship and consistent activities between the first big shareholderand other shareholders or the top ten common stock holders;The relationship amongother shareholders,top ten circulation shareholders,top ten circulation shareholdersand other shareholders was not clear.,4.2 Relationship of the property right and controlling between the Company and actual controller:Dalian Municipal Government State-owned AssetsSupervising and Managing committee100%shareholding,Innovation Investment Company9.5%shareholding,Dalian Equipment Manufacture Investment Company87%shareholding,Zhong Cheng Company3.5%shareholding,Wafangdian Bearing Group Company60.6%shareholdingWafangdian Bearing Company Ltd 5 Work report of board of directors5.1 Discussion and analysis of the ManagementThe 2011 is the first year of implementing“the twelfth five years program”.Also the important period of implementing“highground strategic”and developing operating speedily.The operate condition is complex and difficult,the international financial crisishasnt removed,while the debt crisis in euro-zone is coming,which effect the domestic economy increased slowly,and the marketcompetition intensified.The company face new problems,as the same time face scarce develop opportunity.Sticking out market development,the company has developed steadily；Expanded new filed and developed new customs,themarket work has made some effects；adjusted market structure,and driving the market by products made obviously effective；Implement E Project and the operation quality has increased；Promote“U”project,and achieve internal quality upgrade；Implementtechnology innovate roundly and the company development ability increased continually；Deepen enterprise reformation,andstrengthen the enterprise vigor more.The company has made obvious progress in 2011.In 2011,the operating income of the company reached up to 324,603.11 RMB 0000yuan,increased by 6.25%compared withthe same period in last year;the operating profits reached up to 4,308.73 RMB 0000yuan,increased by 49.20%compared with thesame period in last year;the net profit reached up to 6,052.63 RMB 0000yuan,increased by 31.14%compared with the same periodin last year;the net profit available for the parent company reached up to 6,052.63 RMB 0000yuan,increased by 31.14%comparedwith the same period in last year.5.2 Composing of main business income and main business profitUnit:0000RMB YuanThe main business according to the industry4,Wafangdian Bearing Company Limited 2011 Annual Report Abstract,According to industryExportHomeIncl:Traffic bearingSpecial-used bearingGeneral-used bearingIndustrial work,Operating income20,028.95228,966.8594,301.1028,346.30106,319.4513,419.76,Operating cost19,809.40201,321.4286,472.9123,008.8291,839.6913,667.72,BOI1.10%12.07%8.30%18.83%13.62%-1.85%,+/-(%)ofoperating income27.50%5.52%-8.57%-36.05%52.93%15.43%,+/-(%)of operatingcost31.38%9.12%-9.75%-24.31%57.59%36.60%,+/-(%)of BOI-2.92%-2.90%1.20%-12.59%-2.55%-15.79%,The main business according to the products,According toproduct,Operating income,Operating cost,BOI,+/-(%)of operating+/-(%)of operatingincome cost,+/-(%)of BOI,BearingComponent,248,995.8013,419.76,221,130.8213,667.72,11.19%-1.85%,7.01%15.43%,10.80%36.60%,-3.04%-15.79%,5.3 Explanation on the significant change of profit structure,main business and its structure,and mainbusiness profitability comparing with previous period.,applicable,Not applicable,6 Financial statement6.1 The explanation of the changes in accounting policies,accounting estimation and calculationmethod comparing with the latest annual report,applicable,Not applicable,6.2 The content of significant errors,the changed amount,the reason and the effect,applicable,Not applicable,6.3 The explanation of the changes in the consolidated scope comparing with the latest annual reportapplicable Not applicable6.4 Opinions presented by Board meeting and supervisor meeting on“un-standard audit report”applicable Not applicable5,