瓦 轴Ｂ：第三季度报告全文（英文版）

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 limited the q3 report for 2011 1 important notes 1.1 the board of directors, board of supervisors,

2、directors, supervisors and the top management guarantee there is no false record, misleading statement or major omission in the report, and take responsibilities for the truth, accuracy and completeness of the contents. 1.2 the following directors were absent from the board meeting. name of absent d

3、irector chen jiajun position of absent director director reason for absence work proxy shao 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 of accounting department ms. yao chunjuan made the statement: guarantee the

4、truth, completeness of the financial report of the third quarter report. 2 basic information of the company 2.1 main accounting data and financial indicators unit: yuan +/-（）compared between 2011.9.302010.12.31 the end of current period and last year total assets owners equity (yuan) capital stock(

5、per share) shareholders net captical per share(yuan) 3,511,977,731.36 1,492,804,288.56 402,600,000.00 3.71 3,119,127,425.10 1,445,337,309.72 402,600,000.00 3.59 12.59% 3.28% 0.00% 3.34% 2011.07-.09+/-(%) to period2011.01-.09+/-(%) to period operating gross income(yuan)761,985,289.864.82% 2,519,850,9

6、53.149.52% net profits attributed shareholders(yuan) net cash flow from operating activities net cash flow from operating activities per share basic gains per share diluted gains per share net assets yield (%) net assets yield deducting abnormal profit and loss (%) 10,123,919.47 0.03 0.03 0.69% 0.51

7、% -70.85% -66.67% -66.67% -1.75% -1.15% 63,570,978.84 123,496,111.38 0.31 0.16 0.16 4.33% 3.84% -34.60% 375.23% 375.23% -33.33% -33.33% -2.65% -2.43% abnormal profit and loss items applicable not applicable 1 b b b b b b b b b b unit: yuan abnormal profit and loss items profits and losses relating t

8、o disposal of fixed assets profits and losses relating to the debt restructure the profit and loss which caused by the items that unconcerned with normal business. total 2011.01-2011.09 7,026,537.63 342,225.97 -147,699.09 7,221,064.51 annotations 2.2. the statement of total number of shareholders an

9、d the first 10 shareholders of current shares in the end of the report period unit: share total number of shareholders at the end of report period the situation of the first 10 shareholders of current shares 8,927 name of shareholder aktiebolaget skf gaolingfund,lp huang junyue kgi asia limited ma y

10、uancheng man,kwai wing commercial securities hongkong branch chen zhongwu hei youxin yangyufei shares up to the end of the period 79,300,000 7,325,355 3,668,000 753,710 742,325 713,101 596,753 532,800 512,559 466,030 nature of share (a、b、h or other) 3 important items 3.1 the great changes in company

11、s key financial statement, financial indicators, and the reasons applicable not applicable 1. monetary funds has increased by 74% compared with the beginning of this year, mainly because of strengthening the management of sales settlement mode for big customs and selling company. in principle, the c

12、ompany receives currency only, for who receives according to bank acceptance will be charged of 6% discount. for key and strategic customers increased the total ratio. meanwhile, external payment is strictly carried out as per accounting period. 2. notes receivable has increased by 183%compared with

13、 the beginning of this year, mainly because of enhancing the efficiency of sales payment. meanwhile, external payment is carried out as per accounting period. 3.other receivables reduced by 30% compared with the beginning of this year, mainly because of the cost of domestic sales activities etc. lin

14、ed with amount of 2.05 million yuan, avoid freight and income tax not touch buckle reduced with amount of 2.68 million yuan. 4.the long-term equity investment has increased by 39% compared with the beginning of this year , the reason is increasing the investment of da lian precision motor cars beari

15、ng company this period . 2 5 .construction in progress has increased by 148% compared with the beginning of this year, increased investment with amount of 105.06 million yuan on the five projects on form a complete set for the truck bearings. increased the investment with amount of 17.81 million yua

16、n on large reconstruction project, and 20.75 million yuan on heat treatment production line project. 6. notes payable increased by 66% compared with the beginning 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

17、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-operating income has reduced by 40.20% compared with previous period, mainly due to receiving the welfare costs 1,111 thousand yuan turned

18、back by zwz in the same period last year , while in this year wbc not received any government subsidies and funding, just received the benefit from dealing with fix assets. 3.2 the situation of major items in progress and the analysis explanation on its effect and resolved proposal. 3.2.1 non-standa

19、rd opinions information applicable not applicable 3.2.2 information on the company provides capital or external grantee that obeys the procedure to shareholders or its related parties. applicable not applicable 3.2.3 information on the daily-business important contact signing and fulfillment. applic

20、able not applicable 3.2.4 others applicable not applicable 3.3 the fulfillment of the items that the company, shareholder and the actual controller promise the promising items of list companys directors, supervisors, the top management , the shareholders with more than 5% shares and the actual contr

21、oller 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 the next report period-end or change a lot compared with previous year, and the reasons applicable not applicable 3.5 other ma

22、jor items in need of explanation 3.5.1 security investment information applicable not applicable 3.5.2 the investigation, communication and interview, etc. in the current period there are no investigation, communication and interview, etc. in the current period 3.6 derivative products investment inf

23、ormation applicable not applicable 3 items 3.6.1 information of derivative products share-holding investment in period. applicable not applicable 4 appendix 4.1 balance sheet prepared by wafangdian bearing company limitedsep. 30st, 2011unit: rmb current assets: balance at period-end consolidation pa

24、rent company balance at year-begin consolidation parent company monetary funds78,936,599.8276,869,817.0552,507,009.6944,206,831.34 settlement provisions capital lent transaction finance asset notes receivable accounts receivable accounts paid in advance 140,015,721.15 946,636,894.87 34,368,107.61 13

25、3,525,061.15 956,362,005.41 29,927,654.77 48,119,537.52 856,207,264.50 47,849,548.92 47,226,537.52 846,898,630.11 35,148,332.06 insurance receivable reinsurance receivable contract reserve of reinsurance receivable interest receivable dividend receivable other receivables16,178,741.0610,525,647.1017

26、,572,715.3715,023,534.07 purchase restituted finance asset inventories1,233,901,557.371,155,485,486.391,160,554,511.931,123,540,714.88 non-current asset due within one year other current assets total current assets 298,109.97 2,450,335,731.85 298,109.97 2,362,993,781.84 238,439.89 2,183,049,027.82 2

27、38,439.89 2,112,283,019.87 non-current assets: granted loans and advances finance asset available for sales held-to-maturity investment long-term account receivable long-term equity investment98,404,794.09153,262,111.4090,196,224.04110,053,541.35 investment real estate fixed assets construction in p

28、rogress 565,511,325.36 247,738,020.48 477,295,400.67 229,210,717.50 591,960,635.98 100,665,047.38 572,245,505.81 92,344,979.56 engineering material 4 disposal of fixed asset productive biological asset oil and gas asset intangible assets133,051,882.72133,051,882.72136,135,471.67136,135,471.67 expens

29、e on research and development goodwill long-term expenses to be apportioned deferred income tax asset 925,269.57 16,010,707.29 925,269.57 16,010,707.29 1,110,310.92 16,010,707.29 1,110,310.92 16,010,707.29 other non-current asset total non-current asset total assets 1,061,641,999.51 3,511,977,731.36

30、 1,009,756,089.15 3,372,749,870.99 936,078,397.28 3,119,127,425.10 927,900,516.60 3,040,183,536.47 current liabilities: short-term loans523,590,235.14510,000,000.00503,780,235.14490,000,000.00 loan from central bank absorbing deposit and interbank deposit capital borrowed transaction financial liabi

31、lities notes payable accounts payable accounts received in advance 232,983,992.15 955,824,477.38 32,354,432.55 232,983,992.15 860,794,276.02 31,348,263.41 140,290,000.00 698,418,246.19 45,759,336.61 140,290,000.00 660,043,446.89 43,296,551.60 selling financial asset of repurchase commission charge a

32、nd commission payable wage payable taxes payable 29,416,132.00 9,241,208.63 20,242,102.64 3,298,422.92 27,467,879.22 5,413,791.70 18,225,087.48 2,568,380.40 interest payable dividend payable other accounts payable84,932,265.9753,419,284.4589,179,927.5462,254,424.75 reinsurance payables insurance con

33、tract reserve security trading of agency security sales of agency non-current liabilities due within one year other current liabilities 20,000,000.0020,000,000.00 total current liabilities1,868,342,743.821,712,086,341.591,530,309,416.401,436,677,891.12 non-current liabilities: long-term loans138,000

34、,000.00138,000,000.00138,000,000.00138,000,000.00 bonds payable long-term account payable100,000.00100,000.00 special account payable7,571,698.987,571,698.98221,698.98221,698.98 projected liabilities 5 items deferred income tax liabilities other non-current liabilities total non-current liabilities

35、total liabilities 5,159,000.00 150,830,698.98 2,019,173,442.80 5,159,000.00 150,730,698.98 1,862,817,040.57 5,159,000.00 143,480,698.98 1,673,790,115.38 5,159,000.00 143,380,698.98 1,580,058,590.10 owners equity (or shareholders equity): paid-in capital (or share capital) capital public reserve 402,

36、600,000.00 485,691,050.47 402,600,000.00 482,563,945.37 402,600,000.00 485,691,050.47 402,600,000.00 482,563,945.37 less: inventory shares reasonable reserve surplus public reserve116,726,055.56116,726,055.56116,726,055.56116,726,055.56 provision of general risk retained profit487,787,182.53508,042,

37、829.49440,320,203.69458,234,945.44 balance difference of foreign currency translation total owners equity attributable to parent company 1,492,804,288.561,509,932,830.421,445,337,309.721,460,124,946.37 minority interests total owners equity total liabilities and owners equity 1,492,804,288.56 3,511,

38、977,731.36 1,509,932,830.42 3,372,749,870.99 1,445,337,309.72 3,119,127,425.10 1,460,124,946.37 3,040,183,536.47 4.2 profit statement of report period prepared by wafangdian bearing company limitedjul-sep, 2011uint: rmb amount in this period consolidation parent company amount in last period consoli

39、dation parent company . total operating income including: operating income 761,985,289.86 761,985,289.86 760,578,175.46 760,578,175.46 726,970,598.30 726,970,598.30 719,039,569.89 719,039,569.89 interest income insurance gained commission charge and commission income . total operating cost including

40、: operating cost 756,401,473.03 686,066,185.46 752,284,905.30 685,730,910.88 694,602,150.71 625,684,075.76 687,640,194.21 622,383,182.71 interest expense commission charge and commissioin expense cash surrender value net amount of expense of compensation net amount of withdrawal of insurance contrac

41、t reserve bonus expense of guarantee slip reinsurance expenses operating tax and extras sales expenses 2,039,667.11 44,507,146.70 1,978,024.45 44,100,633.24 1,807,683.53 43,098,392.05 1,691,784.70 42,571,669.21 6 items administration expenses financial expenses losses of devaluation of asset 17,349,

42、865.87 6,118,649.12 319,958.77 14,096,375.53 6,059,002.43 319,958.77 16,701,061.15 6,187,098.78 1,123,839.44 13,902,647.30 5,967,070.85 1,123,839.44 add: changing income of fair value (loss is listed with “-”) investment income (loss is listed with “-”) 1,906,035.551,906,035.553,137,468.793,137,468.

43、79 including: investment income on affiliated company and joint1,906,035.551,906,035.553,137,468.793,137,468.79 venture exchange income (loss is listed with “-”) . operating profit (loss is listed with “-”) add: non-operating income less: non-operating expense including: disposal loss of non-current

44、 asset . total profit (loss is listed with “-”) less: income tax expense . net profit (net loss is listed with “-”) net profit attributable to owners of parent company 7,489,852.38 3,459,084.76 825,017.67 150,927.83 10,123,919.47 10,123,919.47 10,123,919.47 10,199,305.71 3,444,908.41 681,489.33 84,0

45、46.49 12,962,724.79 132,437.04 12,830,287.75 12,830,287.75 35,505,916.38 11,265,342.09 227,051.27 72,519.09 46,544,207.20 11,862,748.33 34,681,458.87 34,729,410.78 34,536,844.47 11,230,215.29 93,574.70 31,207.09 45,673,485.06 11,862,748.33 33,810,736.73 33,810,736.73 minority shareholders gains and

46、losses . earnings per share -47,951.91 . basic earnings per share . diluted earnings per share 0.03 0.03 0.03 0.03 0.09 0.09 0.08 0.08 . other consolidated income . total consolidated income10,123,919.4712,830,287.7534,681,458.8733,810,736.73 total consolidated income attributable to owners of paren

47、t10,123,919.4712,830,287.7534,729,410.7833,810,736.73 company total consolidated income attributable to minority-47,951.91 shareholders the net profit of the business combinations under the same administration in this period before combination is rmb 0.00 4.3 profit statement from year-begin to the

48、end of report period prepared by wafangdian bearing company limitedjan-sep, 2011uint: rmb amount in this period consolidation parent company amount in last period consolidation parent company . total operating income including: operating income 2,519,850,953.14 2,519,850,953.14 2,510,168,808.35 2,51

49、0,168,808.35 2,300,765,807.88 2,300,765,807.88 2,278,781,804.06 2,278,781,804.06 interest income insurance gained commission charge and commission income . total operating cost including: operating cost 2,461,195,469.99 2,235,845,354.64 2,448,161,688.23 2,234,233,949.00 2,200,162,554.49 2,000,655,28

50、2.85 2,182,153,763.51 1,993,465,118.60 interest expense 7 commission charge and commission expense cash surrender value net amount of expense of compensation net amount of withdrawal of insurance contract reserve bonus expense of guarantee slip reinsurance expenses operating tax and extras sales exp

51、enses administration expenses financial expenses losses of devaluation of asset 8,657,906.19 148,546,000.76 49,163,008.17 18,456,591.52 526,608.71 8,339,317.66 147,044,759.20 39,875,492.29 18,141,561.37 526,608.71 7,152,526.61 119,893,394.90 52,958,221.34 18,379,289.35 1,123,839.44 6,679,377.55 118,

52、507,160.62 44,732,161.86 17,646,105.44 1,123,839.44 add: changing income of fair value (loss is listed with “-”) investment income (loss is listed with “-”) 8,208,570.058,208,570.059,950,554.309,950,554.30 including: investment income on affiliated company and joint8,208,570.058,208,570.059,950,554.

53、309,950,554.30 venture exchange income (loss is listed with “-”) . operating profit (loss is listed with “-”) add: non-operating income less: non-operating expense including: disposal loss of non-current asset . total profit (loss is listed with “-”) less: income tax expense . net profit (net loss i

54、s listed with “-”) net profit attributable to owners of parent company 66,864,053.20 9,061,210.88 1,840,146.37 184,341.75 74,085,117.71 10,514,138.87 63,570,978.84 63,570,978.84 70,215,690.17 7,347,646.81 1,137,314.06 117,460.41 76,426,022.92 10,514,138.87 65,911,884.05 65,911,884.05 110,553,807.69

55、12,385,986.31 2,497,356.22 512,742.73 120,442,437.78 23,329,875.20 97,112,562.58 97,201,569.40 106,578,594.85 12,294,424.51 1,322,883.31 471,430.73 117,550,136.05 23,329,875.20 94,220,260.85 94,220,260.85 minority shareholders gains and losses . earnings per share -89,006.82 . basic earnings per sha

56、re . diluted earnings per share 0.16 0.16 0.16 0.16 0.24 0.24 0.23 0.23 . other consolidated income . total consolidated income63,570,978.8465,911,884.0597,112,562.5894,220,260.85 total consolidated income attributable to owners of parent63,570,978.8465,911,884.0597,201,569.4094,220,260.85 company t

57、otal consolidated income attributable to minority-89,006.82 shareholders the net profit of the business combinations under the same administration from year-begin to the end of report period before combination is rmb 0.00. 8 items 4.4cash flow statement from year-begin to the end of report period pr

58、epared by wafangdian bearing company limitedjan-sep, 2011uint: rmb . cash flows arising from operating activities cash received from selling amount in this period consolidation parent company amount in last period consolidation parent company commodities and providing labor 1,331,366,349.251,356,918

59、,705.88904,171,309.20846,474,393.06 services net increase of customer deposit and interbank deposit net increase of loan from central bank net increase of capital borrowed from other financial institution cash received from original insurance contract fee net cash received from reinsurance business

60、net increase of insured savings and investment net increase of disposal of transaction financial asset cash received from interest, commission charge and commission net increase of capital borrowed net increase of returned business capital write-back of tax received1,445,268.571,445,268.57 other cas