瓦 轴Ｂ：第一季度报告全文（英文版） .ppt

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1、,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,Wafangdian Bearing Company LimitedThe Q1 Report for 20121 Important Notes1.1 The Board of Directors,Board of Supervisors,directors,supervisors,and top management of the Company herebyguaranteed that there are no false records,misleading stat

2、ements,and major omits in this report,and assumed the individualand associated responsibilities for the truth,accuracy and completeness of the contents.1.2 No director,supervisor and top management has objections on the report.1.3 Besides the following directors,all the other directors attended the

3、Board meeting and discussed the report.,NameFang BoZhang Qiluan,PostDirectorIndependent Director,ReasonsDue to the busy workDue to the busy work,Assignee nameRakesh MakhijaLiu Yuping,1.4The first quarterly financial report of 2012 has not been audited.1.5 Chairman of the Board Mr.Wang Lushun,Financi

4、al manager Ms.Sun Najuan,Accounting charger Ms.Yao Chunjuanhereby confirms that the Financial Report of the quarterly report is true and complete.2 Company Profile2.1 Major accounting data and financial indexesUnit:RMB,ItemsTotal assets(RMB)Oweners equities attributable to the shareholders oflisted

5、company(RMB)Share capital(Share)Net assets per share attributable to the shareholders oflisted company(RMB/Share)Total operating income(RMB)Net profit attributable to the shareholders of listedcompany(RMB)Net cash flow arising from operating activities(RMB)Net cash flow arising from the operating ac

6、tivities pershare(RMB/Share)Basic earnings per share(RMB/Share)Diluted earnings per share(RMB/Share)Weighted average return on equity(%)Weighted average return on equity after deductingnon-recurring gains/losses(%),By the end of reprot period3,551,661,937.841,508,099,717.45402,600,000.003.75The repo

7、rt period840,627,157.9318,340,078.58114,887,852.760.290.050.051.22%1.23%,By the end of last year3,533,795,515.581,489,759,638.87402,600,000.003.70The same period of last year864,068,390.4429,878,527.4859,414,581.040.150.070.072.06%1.99%,Increased/decreased scope(%)0.51%1.23%0.00%1.35%Increased/decre

8、ased scope(%)-2.71%-38.62%93.37%93.33%-28.57%-28.57%-0.84%-0.76%,Items of non-recurring gains and losses1,-,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,Applicable InapplicableUnit:RMB,Items of non-recurring gains and lossesGain or loss form disposal of non-current assetsOthers non-oper

9、ating revenue and expense besides the above itemsProfit of loss from debts restructuringTotal,Amount160,319.10-227,248.95-2,022.46-68,952.31,Note（if applicable）,2.2 Total number of shareholders at the end of the report period and shares held by the top tenshareholders with unrestricted conditionsUni

10、t:Share,Total number of shareholders at the end of reportperiodParticulars about the shares held by the top ten shareholders with unrestricted conditions,8,883,Full name of shareholderAKTIEBOLAGET SKFGAOLING FUND,L.P.Huang JunyueMa YuanchengMAN,KWAI WING Wen GuirongMerchant Securities(HK)Co,.LtdChen

11、 ZhongwuHei YouxinBOCI SECURITIES LIMITEDYang Yufei,Unrestricted shares held79,300,0007,325,3553,703,200742,325713,101557,253532,800512,559498,138466,030,Types of shareDomestically listed foreign shareDomestically listed foreign shareDomestically listed foreign shareDomestically listed foreign share

12、Domestically listed foreign shareDomestically listed foreign shareDomestically listed foreign shareDomestically listed foreign shareDomestically listed foreign shareDomestically listed foreign share,3 Significant items3.1 Particulars about material changes in items of main accounting statement and f

13、inancial index,and explanationsof reasonsApplicableInapplicable1.Notes receivable rise 33%,mainly due to the companys sales increased debt collection receive bills,and the control of payment tosupplier.2.Account in advance fell by 86%,is mainly to check the arrival steel in time.3.Other current asse

14、ts fell by 39%,is mainly because this provision for income tax 2.23 million Yuan,which cause income tax in thisperiod decline.4.Notes payable,rose 107%main because the notes payable in this period increase.5.Tax payable rise 81%,mainly because the VAT rise than at the beginning of 4.28 million.6.The

15、 non-current liabilities which reach to the deadline within one year decline 65%,mostly the company long-term loans with a$90million credit turn into short-term borrowing.7.Investment income fell 68.79%,the main reason is the net profits of associated enterprises SKF drop8.Non-operating income fell

16、77.45%,mainly because the profit of dealing with fixed assets decline 830 million Yuan compared withprevious period.9.Income tax expenses fell 67.91%,mainly because the total profit of this period drop 10.08 million Yuan compared with previousperiod,and the income tax rate drop from 25%to 15%(the ta

17、x rate of provision for the same period last year is 25%).2,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,3.2 Progress of significant events,their influence,and analysis and explanation of their solutions3.2.1 Qualified opinionApplicable Inapplicable3.2.2 Particular about fund offers to

18、controlling shareholders or associated parties and external guarantee thatagainsts the regulationApplicable Inapplicable3.2.3 Particular about signing and implementation on significant contracts of ordinary managementApplicable Inapplicable,3.2.4,Other,Applicable Inapplicable3.3 Implementations of c

19、ommitments by the Company,shareholders and actual controllersThe commitment of following matters made by the company and its directors,supervisors and senior management personnel,morethan 5%shareholding company shareholder and the actual controller,and other relevant party during the report period t

20、o reportperiod or continuedApplicable Inapplicable3.4 Estimation of accumulative net profit from the beginning of the year to the end of next report period to be lossprobably or the warning of its material change compared with the corresponding period of the last year andexplanation of reasonApplica

21、ble Inapplicable3.5 Particulars about the other significant events that needed explanations3.5.1 Particular about security investmentApplicable Inapplicable3.5.2 Activities on receiving research,communication and interview in the report period,TimeJanuary 12,2012February12,2012,SiteOfficeOffice,Meth

22、odTelephonecommunicationTelephonecommunication n,ObjectPrivate investorPrivate investor,Content and documents suppliedThe general information of the companyThe general information of the company,3.6 Particulars about derivatives investmentApplicable Inapplicable3.6.1 Particulars about the positions

23、of derivatives investment at the end of report periodApplicable Inapplicable3,4 Appendix4.1 Balance sheet,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,Prepared by Wafangdian Bearing Company LimitedItems,Mar.31st,2012Balance at period-end,Unit:RMBBalance at year-begin,Consolidation,Paren

24、t Company,Consolidation,Parent Company,Current assets:,Monetary funds,94,924,964.30,93,932,966.74,102,268,754.34,99,822,886.26,Settlement provisionsCapital lentTransaction finance asset,Notes receivableAccounts receivableAccounts paid in advance,181,408,713.491,032,230,119.497,006,780.24,176,478,713

25、.491,065,433,002.156,130,428.41,134,514,385.38948,225,066.1252,716,821.34,133,080,700.75986,005,682.3742,733,044.64,Insurance receivableReinsurance receivableContract reserve of reinsurance receivableInterest receivableDividend receivable,Other receivables,18,845,755.49,12,485,477.69,15,528,274.87,1

26、0,024,049.56,Purchase restituted finance asset,Inventories,1,137,290,644.25,1,059,311,523.31,1,196,538,970.43,1,113,765,356.87,Non-current asset due within one year,Other current assetsTotal current assets,3,484,417.452,475,191,394.71,3,484,417.452,417,256,529.24,5,729,224.482,455,521,496.96,255,384

27、.292,385,687,104.74,Non-current assets:Granted loans and advancesFinance asset available for salesHeld-to-maturity investmentLong-term account receivable,Long-term equity investment,93,419,567.33,150,614,368.90,92,489,891.01,150,269,711.54,Investment real estate,Fixed assetsConstruction in progress,

28、563,770,183.78278,040,816.79,446,870,815.65278,038,398.79,581,464,704.26261,981,026.05,462,781,080.04261,978,608.05,Engineering materialDisposal of fixed asset4,Productive biological assetOil and gas asset,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,Intangible assets,130,906,935.40,130

29、,906,935.40,131,979,409.06,131,979,409.06,Expense on Research and DevelopmentGoodwill,Long-term expenses to be apportionedDeferred income tax asset,843,556.599,489,483.24,843,556.599,489,483.24,869,505.009,489,483.24,869,505.009,489,483.24,Other non-current asset,Total non-current assetTotal assets,

30、1,076,470,543.133,551,661,937.84,1,016,763,558.573,434,020,087.81,1,078,274,018.623,533,795,515.58,1,017,367,796.933,403,054,901.67,Current liabilities:,Short-term loans,613,590,235.14,600,000,000.00,523,590,235.14,510,000,000.00,Loan from central bankAbsorbing deposit and interbank depositCapital b

31、orrowedTransaction financial liabilities,Notes payableAccounts payableAccounts received in advance,194,503,402.09938,094,009.5242,621,213.19,194,503,402.09855,703,313.6241,618,879.31,94,100,000.001,039,300,493.2950,407,895.65,94,100,000.00955,695,514.3049,634,480.69,Selling financial asset of repurc

32、haseCommission charge and commission payable,Wage payableTaxes payable,28,609,908.978,448,993.50,19,509,544.017,533,045.51,29,508,584.941,923,642.12,20,368,041.18-1,301,377.41,Interest payableDividend payable,Other accounts payable,118,732,114.09,77,644,360.57,116,242,681.68,68,874,443.35,Reinsuranc

33、e payablesInsurance contract reserveSecurity trading of agencySecurity sales of agency,Non-current liabilities due within one year,48,000,000.00,48,000,000.00,138,000,000.00,138,000,000.00,Other current liabilities,Total current liabilities,1,992,599,876.50,1,844,512,545.11,1,993,073,532.82,1,835,37

34、1,102.11,Non-current liabilities:Long-term loans5,Items,Bonds payable,Wafangdian Bearing Compnay Limited,The Q1 Report for 2012,Long-term account payable,100,000.00,100,000.00,Special account payable,221,698.98,221,698.98,221,698.98,221,698.98,Projected liabilities,Deferred income tax liabilities,24

35、6,635.79,246,635.79,Other non-current liabilitiesTotal non-current liabilitiesTotal liabilities,50,394,009.1250,962,343.892,043,562,220.39,50,394,009.1250,615,708.101,895,128,253.21,50,394,009.1250,962,343.892,044,035,876.71,50,394,009.1250,615,708.101,885,986,810.21,Owners equity(or shareholders eq

36、uity):,Paid-in capital(or share capital)Capital public reserve,402,600,000.00485,691,050.47,402,600,000.00482,563,945.37,402,600,000.00485,691,050.47,402,600,000.00482,563,945.37,Less:Inventory sharesReasonable reserve,Surplus public reserve,123,972,268.17,123,972,268.17,123,972,268.17,124,030,770.0

37、7,Provision of general risk,Retained profit,495,836,398.81,529,755,621.06,477,496,320.23,507,873,376.02,Balance difference of foreign currencytranslation,Total owners equity attributable to parentcompany,1,508,099,717.45,1,538,891,834.60,1,489,759,638.87,1,517,068,091.46,Minority interests,Total own

38、ers equityTotal liabilities and owners equity,1,508,099,717.453,551,661,937.84,1,538,891,834.603,434,020,087.81,1,489,759,638.873,533,795,515.58,1,517,068,091.463,403,054,901.67,4.2 Profit statement from year-begin to the end of report period,Prepared by Wafangdian Bearing Company Limited,Jan-Mar,20

39、12Amount in this periodConsolidation Parent Company,Uint:RMBAmount in last periodConsolidation Parent Company,.Total operating incomeIncluding:operating income,840,627,157.93840,627,157.93,835,767,359.57,864,068,390.44864,068,390.44,862,217,201.73,Interest incomeInsurance gainedCommission charge and

40、 commission income,.Total operating costIncluding:operating cost,820,915,807.93747,753,295.64,812,140,529.31742,925,407.45,831,221,788.60756,641,082.86,831,338,718.53760,513,413.90,Interest expenseCommission charge and commission expenseCash surrender valueNet amount of expense of compensation6,Item

41、s,Wafangdian Bearing Compnay LimitedNet amount of withdrawal of insurance contractreserveBonus expense of guarantee slipReinsurance expenses,The Q1 Report for 2012,Operating tax and extrasSales expensesAdministration expensesFinancial expensesLosses of devaluation of asset,3,127,353.6347,012,070.501

42、6,517,794.086,214,044.51291,249.57,3,050,916.0146,611,076.2012,793,970.956,467,909.13291,249.57,2,998,515.1649,057,849.9316,044,855.436,479,485.22,2,911,517.0348,371,145.7613,139,991.736,402,650.11,Add:Changing income of fair value(Loss islisted with“-”),Investment income(Loss is listed with“-”)Incl

43、uding:Investment income on affiliatedcompany and joint venture,929,676.32929,676.32,929,676.32929,676.32,2,979,977.442,979,977.44,2,979,977.442,979,977.44,Exchange income(Loss is listed with“-”),.Operating profit(Loss is listed with“-”)Add:Non-operating incomeLess:Non-operating expense,20,641,026.32

44、253,664.25322,616.56,24,556,506.58230,701.56146,450.61,35,826,579.281,345,102.05346,933.53,33,858,460.641,017,942.75151,150.82,Including:Disposal loss of non-current asset,.Total profit(Loss is listed with“-”)Less:Income tax expense.Net profit(Net loss is listed with“-”)Net profit attributable to ow

45、ners of parentcompany,20,572,074.012,231,995.4318,340,078.5818,340,078.58,24,640,757.532,231,995.4322,408,762.1022,408,762.10,36,824,747.806,946,220.3229,878,527.4829,878,527.48,34,725,252.576,946,220.3227,779,032.2527,779,032.25,Minority shareholders gains and losses.Earnings per share,.Basic earni

46、ngs per share.Diluted earnings per share,0.050.05,0.060.06,0.070.07,0.070.07,.Other consolidated income,.Total consolidated incomeTotal consolidated income attributable to ownersof parent company,18,340,078.5818,340,078.58,22,408,762.1022,408,762.10,29,878,527.4829,878,527.48,27,779,032.2527,779,032

47、.25,Total consolidated income attributable tominority shareholdersThe net profit of the business combinations under the same administration in this period before combination is RMB 0.004.3 Cash flow statement from year-begin to the end of report period,Prepared by Wafangdian Bearing Company Limited.

48、Cash flows arising from operating activities,Jan-Mar,2012Amount in this periodConsolidation Parent Company,Uint:RMBAmount in last periodConsolidation Parent Company,Cash received from selling commodities andproviding labor services,281,959,289.38,304,967,791.77,363,982,279.32,355,115,636.01,Net incr

49、ease of customer deposit and interbraindepositNet increase of loan from central bank7,Wafangdian Bearing Compnay LimitedNet increase of capital borrowed from otherfinancial institutionCash received from originalinsurance contract feeNet cash received from reinsurance businessNet increase of insured

50、savings and investmentNet increase of disposal of transaction financialassetCash received from interest,commission chargeand commissionNet increase of capital borrowedNet increase of returned business capitalWrite-back of tax received,The Q1 Report for 2012,Other cash received concerning operatingac