瓦 轴Ｂ：2011年第三季度报告全文（英文版） .ppt

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1、11),Signature）,Wafangdian Bearing Company Limited,The Third Quarter Report of 2011,(Report period：Jul 1,201111Sep 30,2011),Chairman（Signature：Wang Lushun,Oct 21,2011,-,-,-,-,Wafangdian Bearing Company LimitedThe Q3 Report for 20111 Important notes1.1 The board of directors,board of supervisors,direc

2、tors,supervisors and the top managementguarantee there is no false record,misleading statement or major omission in the report,and takeresponsibilities for the truth,accuracy and completeness of the contents.1.2 The following directors were absent from the board meeting.,Name of absent directorChen

3、Jiajun,Position of absent directorDirector,Reason for absenceWork,ProxyShao Yang,1.3 The report is not audited.1.4 The charger of company Mr.Wang Lushun,financial controller Ms.Sun Najuan and the charger ofaccounting department Ms.Yao Chunjuan made the statement:guarantee the truth,completeness of t

4、hefinancial report of the third quarter report.2 Basic Information of the Company2.1 Main accounting data and financial indicatorsUnit:Yuan+/-（）compared between,2011.9.30,2010.12.31,the end of current periodand last year,Total assetsOwners equity(Yuan)Capital stock(per share)shareholders net captica

5、l pershare(Yuan),3,511,977,731.361,492,804,288.56402,600,000.003.71,3,119,127,425.101,445,337,309.72402,600,000.003.59,12.59%3.28%0.00%3.34%,2011.07-.09,+/-(%)to period,2011.01-.09,+/-(%)to period,Operating gross income(Yuan),761,985,289.86,4.82%2,519,850,953.14,9.52%,Net profits attributedSharehold

6、ers(Yuan)Net cash flow from operating activitiesNet cash flow from operating activitiesper shareBasic gains per shareDiluted gains per shareNet assets yield(%)Net assets yield deducting abnormalprofit and loss(%),10,123,919.470.030.030.69%0.51%,-70.85%-66.67%-66.67%-1.75%-1.15%,63,570,978.84123,496,

7、111.380.310.160.164.33%3.84%,-34.60%375.23%375.23%-33.33%-33.33%-2.65%-2.43%,Abnormal profit and loss itemsApplicable Not applicable1,B,B,B,B,B,B,B,B,B,B,Unit:Yuan,Abnormal profit and loss itemsProfits and losses relating to disposal of fixed assetsProfits and losses relating to the debt restructure

8、The profit and loss which caused by the items that unconcernedwith normal business.Total,2011.01-2011.097,026,537.63342,225.97-147,699.097,221,064.51,annotations,2.2.The statement of total number of shareholders and the first 10 shareholders of current shares inthe end of the report periodUnit:Share

9、,Total number of shareholders at the end ofreport periodThe situation of the first 10 shareholders of current shares,8,927,Name of shareholderAKTIEBOLAGET SKFGAOLINGFUND,LPHuang JunyueKGI ASIA LIMITEDMa YuanchengMAN,KWAI WINGCommercial Securities HongKong BranchChen ZhongwuHei YouxinYangYufei,Shares

10、 up to the end of the period79,300,0007,325,3553,668,000753,710742,325713,101596,753532,800512,559466,030,Nature of share(A、B、H or other),3 Important Items3.1 The great changes in companys key financial statement,financial indicators,and the reasonsApplicable Not applicable1.Monetary funds has incre

11、ased by 74%compared with the beginning of this year,mainly because of strengthening themanagement of sales settlement mode for big customs and selling company.In principle,the company receives currencyonly,for who receives according to bank acceptance will be charged of 6%discount.For key and strate

12、gic customersincreased the total ratio.Meanwhile,external payment is strictly carried out as per accounting period.2.Notes receivable has increased by 183%compared with the beginning of this year,mainly because of enhancing theefficiency of sales payment.Meanwhile,external payment is carried out as

13、per accounting period.3.Other receivables reduced by 30%compared with the beginning of this year,mainly because of the cost of domestic salesactivities etc.lined with amount of 2.05 million Yuan,avoid freight and income tax not touch buckle reduced with amount of2.68 million Yuan.4.The long-term equ

14、ity investment has increased by 39%compared with the beginning of this year,the reason is increasingthe investment of Da Lian precision motor cars bearing company this period.2,5.Construction in progress has increased by 148%compared with the beginning of this year,increased investment with amountof

15、 105.06 million Yuan on the five projects on form a complete set for the truck bearings.Increased the investment withamount of 17.81 million Yuan on large reconstruction project,and 20.75 million Yuan on heat treatment production lineproject.,6.Notes payable increased by 66%compared with the beginni

16、ng of this year,mainly because of pay to the supplier by the way,of accepted draft.,7.Accounts payable has increased by 30%compared with the beginning of this year,mostly control the payment to the supplier,strictly according to the settlement period and take material public bidding mode.,8.Non-oper

17、ating income has reduced by 40.20%compared with previous period,mainly due to receiving the welfare costs1,111 thousand Yuan turned back by ZWZ in the same period last year,while in this year WBC not received any governmentsubsidies and funding,just received the benefit from dealing with fix assets.

18、,3.2 The situation of major items in progress and the analysis explanation on its effect and resolvedproposal.,3.2.1 Non-standard opinions information,Applicable Not applicable,3.2.2 Information on the company provides capital or external grantee that obeys the procedure toshareholders or its relate

19、d parties.,Applicable Not applicable,3.2.3 Information on the daily-business important contact signing and fulfillment.,Applicable Not applicable,3.2.4 Others,Applicable Not applicable,3.3 The fulfillment of the items that the company,shareholder and the actual controller promiseThe promising items

20、of list companys directors,supervisors,the top management,the shareholders withmore than 5%shares and the actual controller etc.during the report period,or before it.,Applicable Not applicable,3.4 The warning that predicted accumulative net profits may be loss from the year-beginning to thenext repo

21、rt period-end or change a lot compared with previous year,and the reasons,Applicable Not applicable,3.5 Other major items in need of explanation3.5.1 Security investment information,Applicable Not applicable,3.5.2 The investigation,communication and interview,etc.in the current periodThere are no in

22、vestigation,communication and interview,etc.in the current period3.6 Derivative products investment information,Applicable Not applicable,3,Items,3.6.1 Information of derivative products share-holding investment in period.Applicable Not applicable4 Appendix4.1 Balance sheet,Prepared by Wafangdian Be

23、aring Company Limited,Sep.30st,2011,Unit:RMB,Current assets:,Balance at period-endConsolidation Parent Company,Balance at year-beginConsolidation Parent Company,Monetary funds,78,936,599.82,76,869,817.05,52,507,009.69,44,206,831.34,Settlement provisionsCapital lentTransaction finance asset,Notes rec

24、eivableAccounts receivableAccounts paid in advance,140,015,721.15946,636,894.8734,368,107.61,133,525,061.15956,362,005.4129,927,654.77,48,119,537.52856,207,264.5047,849,548.92,47,226,537.52846,898,630.1135,148,332.06,Insurance receivableReinsurance receivableContract reserve ofreinsurance receivable

25、Interest receivableDividend receivable,Other receivables,16,178,741.06,10,525,647.10,17,572,715.37,15,023,534.07,Purchase restituted financeasset,Inventories,1,233,901,557.37,1,155,485,486.39,1,160,554,511.93,1,123,540,714.88,Non-current asset due withinone year,Other current assetsTotal current ass

26、ets,298,109.972,450,335,731.85,298,109.972,362,993,781.84,238,439.892,183,049,027.82,238,439.892,112,283,019.87,Non-current assets:Granted loans and advancesFinance asset available forsalesHeld-to-maturity investmentLong-term account receivable,Long-term equity investment,98,404,794.09,153,262,111.4

27、0,90,196,224.04,110,053,541.35,Investment real estate,Fixed assetsConstruction in progress,565,511,325.36247,738,020.48,477,295,400.67229,210,717.50,591,960,635.98100,665,047.38,572,245,505.8192,344,979.56,Engineering material4,Disposal of fixed assetProductive biological assetOil and gas asset,Inta

28、ngible assets,133,051,882.72,133,051,882.72,136,135,471.67,136,135,471.67,Expense on Research andDevelopmentGoodwill,Long-term expenses to beapportionedDeferred income tax asset,925,269.5716,010,707.29,925,269.5716,010,707.29,1,110,310.9216,010,707.29,1,110,310.9216,010,707.29,Other non-current asse

29、t,Total non-current assetTotal assets,1,061,641,999.513,511,977,731.36,1,009,756,089.153,372,749,870.99,936,078,397.283,119,127,425.10,927,900,516.603,040,183,536.47,Current liabilities:,Short-term loans,523,590,235.14,510,000,000.00,503,780,235.14,490,000,000.00,Loan from central bankAbsorbing depo

30、sit andinterbank depositCapital borrowedTransaction financial liabilities,Notes payableAccounts payableAccounts received in advance,232,983,992.15955,824,477.3832,354,432.55,232,983,992.15860,794,276.0231,348,263.41,140,290,000.00698,418,246.1945,759,336.61,140,290,000.00660,043,446.8943,296,551.60,

31、Selling financial asset ofrepurchaseCommission charge andcommission payable,Wage payableTaxes payable,29,416,132.009,241,208.63,20,242,102.643,298,422.92,27,467,879.225,413,791.70,18,225,087.482,568,380.40,Interest payableDividend payable,Other accounts payable,84,932,265.97,53,419,284.45,89,179,927

32、.54,62,254,424.75,Reinsurance payablesInsurance contract reserveSecurity trading of agencySecurity sales of agency,Non-current liabilities duewithin one yearOther current liabilities,20,000,000.00,20,000,000.00,Total current liabilities,1,868,342,743.82,1,712,086,341.59,1,530,309,416.40,1,436,677,89

33、1.12,Non-current liabilities:,Long-term loans,138,000,000.00,138,000,000.00,138,000,000.00,138,000,000.00,Bonds payable,Long-term account payable,100,000.00,100,000.00,Special account payable,7,571,698.98,7,571,698.98,221,698.98,221,698.98,Projected liabilities5,Items,Deferred income tax liabilities

34、,Other non-current liabilitiesTotal non-current liabilitiesTotal liabilities,5,159,000.00150,830,698.982,019,173,442.80,5,159,000.00150,730,698.981,862,817,040.57,5,159,000.00143,480,698.981,673,790,115.38,5,159,000.00143,380,698.981,580,058,590.10,Owners equity(or shareholdersequity):,Paid-in capit

35、al(or sharecapital)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,116,726,055.56,116,726,055.56,116,726,055.56,116,726,055.56,Provision of genera

36、l risk,Retained profit,487,787,182.53,508,042,829.49,440,320,203.69,458,234,945.44,Balance difference of foreigncurrency translation,Total owners equity attributableto parent company,1,492,804,288.56,1,509,932,830.42,1,445,337,309.72,1,460,124,946.37,Minority interests,Total owners equityTotal liabi

37、lities and ownersequity,1,492,804,288.563,511,977,731.36,1,509,932,830.423,372,749,870.99,1,445,337,309.723,119,127,425.10,1,460,124,946.373,040,183,536.47,4.2 Profit statement of report period,Prepared by Wafangdian Bearing Company Limited,Jul-Sep,2011,Uint:RMB,Amount in this periodConsolidation Pa

38、rent Company,Amount in last periodConsolidation Parent Company,.Total operating incomeIncluding:operating income,761,985,289.86761,985,289.86,760,578,175.46760,578,175.46,726,970,598.30726,970,598.30,719,039,569.89719,039,569.89,Interest incomeInsurance gainedCommission charge andcommission income,.

39、Total operating costIncluding:operating cost,756,401,473.03686,066,185.46,752,284,905.30685,730,910.88,694,602,150.71625,684,075.76,687,640,194.21622,383,182.71,Interest expenseCommission charge andcommissioin expenseCash surrender valueNet amount of expense ofcompensationNet amount of withdrawal of

40、insurance contract reserveBonus expense of guaranteeslipReinsurance expenses,Operating tax and extrasSales expenses,2,039,667.1144,507,146.70,1,978,024.4544,100,633.24,1,807,683.5343,098,392.05,1,691,784.7042,571,669.21,6,Items,Administration expensesFinancial expensesLosses of devaluation of asset,

41、17,349,865.876,118,649.12319,958.77,14,096,375.536,059,002.43319,958.77,16,701,061.156,187,098.781,123,839.44,13,902,647.305,967,070.851,123,839.44,Add:Changing income of fairvalue(Loss is listed with“-”),Investment income(Loss islisted with“-”),1,906,035.55,1,906,035.55,3,137,468.79,3,137,468.79,In

42、cluding:Investment income on,affiliated company and joint,1,906,035.55,1,906,035.55,3,137,468.79,3,137,468.79,ventureExchange income(Loss is listedwith“-”),.Operating profit(Loss islisted with“-”)Add:Non-operating incomeLess:Non-operating expenseIncluding:Disposal loss ofnon-current asset.Total prof

43、it(Loss is listedwith“-”)Less:Income tax expense.Net profit(Net loss is listedwith“-”)Net profit attributable to ownersof parent company,7,489,852.383,459,084.76825,017.67150,927.8310,123,919.4710,123,919.4710,123,919.47,10,199,305.713,444,908.41681,489.3384,046.4912,962,724.79132,437.0412,830,287.7

44、512,830,287.75,35,505,916.3811,265,342.09227,051.2772,519.0946,544,207.2011,862,748.3334,681,458.8734,729,410.78,34,536,844.4711,230,215.2993,574.7031,207.0945,673,485.0611,862,748.3333,810,736.7333,810,736.73,Minority shareholders gains andlosses.Earnings per share,-47,951.91,.Basic earnings per sh

45、are.Diluted earnings per share,0.030.03,0.030.03,0.090.09,0.080.08,.Other consolidated income,.Total consolidated income,10,123,919.47,12,830,287.75,34,681,458.87,33,810,736.73,Total consolidated income,attributable to owners of parent,10,123,919.47,12,830,287.75,34,729,410.78,33,810,736.73,companyT

46、otal consolidated income,attributable to minority,-47,951.91,shareholdersThe net profit of the business combinations under the same administration in this period before combination is RMB 0.004.3 Profit statement from year-begin to the end of report period,Prepared by Wafangdian Bearing Company Limi

47、ted,Jan-Sep,2011,Uint:RMB,Amount in this periodConsolidation Parent Company,Amount in last periodConsolidation Parent Company,.Total operating incomeIncluding:operating income,2,519,850,953.142,519,850,953.14,2,510,168,808.352,510,168,808.35,2,300,765,807.882,300,765,807.88,2,278,781,804.062,278,781

48、,804.06,Interest incomeInsurance gainedCommission charge andcommission income,.Total operating costIncluding:operating cost,2,461,195,469.992,235,845,354.64,2,448,161,688.232,234,233,949.00,2,200,162,554.492,000,655,282.85,2,182,153,763.511,993,465,118.60,Interest expense7,Commission charge andcommi

49、ssion expenseCash surrender valueNet amount of expense ofcompensationNet amount of withdrawal ofinsurance contract reserveBonus expense of guaranteeslipReinsurance expenses,Operating tax and extrasSales expensesAdministration expensesFinancial expensesLosses of devaluation of asset,8,657,906.19148,5

50、46,000.7649,163,008.1718,456,591.52526,608.71,8,339,317.66147,044,759.2039,875,492.2918,141,561.37526,608.71,7,152,526.61119,893,394.9052,958,221.3418,379,289.351,123,839.44,6,679,377.55118,507,160.6244,732,161.8617,646,105.441,123,839.44,Add:Changing income of fairvalue(Loss is listed with“-”),Inve