Stockcode:200706 stockshortform:*STWazhouB Reportcode:2017-17 WafangdianBearingCompanyLimited TheFirstQuarterlyReportfor2017 (MainText) §1 ImportantNotes TheBoardofDirectors,BoardofSupervisors,directors,supervisors,andtopmanagementoftheCompanyhereby guaranteedthattherearenofalserecords,misleadingstatements,andmajoromitsinthisreport,andassumedtheindividual andassociatedresponsibilitiesforthetruth,accuracyandcompletenessofthecontents. ChairmanoftheBoardMrMengWei,FinancialmanagerMs.SunNajuan,AccountingchargerMr.WangJiyuan ChunjuanherebyconfirmsthattheFinancialReportofthequarterlyreportistrueandcomplete. Besidesthefollowingdirectors,alltheotherdirectorsattendedtheBoardmeetinganddiscussedthereport. Name Post Reasons Assigneename TangYurong Diretor Busywork FangBo §2 Majoraccountingdataandshareholderchange 1Majoraccountingdataandfinancialindexes Unit:RMB Jan-Mar2017 Jan-Mar2016 +/-toprevious Operatingincome(Yuan) 566,558,889.45 534,404,100.68 6.02% Netprofitattributabletoshareholdersofthe 1,998,535.48 2,340,344.55 -14.61% listedcompany(Yuan) Netprofitattributabletotheshareholdersofthe listedcompanyafterdeductingofnon-recurring 615,347.36 -1,164,062.96 -152.86% gain/loss(RMB) NetCashflowgeneratedbybusinessoperation 3,495,485.07 16,496,758.57 -78.81%(RMB) Basicearningspershare(Yuan/share) 0.0050 0.0060 -16.67% Dilutedearningspershare(Yuan/share) 0.0050 0.0060 -16.67% Netreturnonequity(%) 0.14% 0.17% -0.03% Jan-Mar2017 Jan-Mar2016 +/-toprevious Totalassets 3,560,273,989.24 3,553,947,227.09 0.18% Owners’equity(shareholders’equity) 1,381,336,461.03 1,379,337,925.55 0.14% Itemsofnon-recurringgainsandlosses √Applicable□Inapplicable Unit:RMB 2 Totalnumber ofshareholders attheend ofthereport period and sharesheldby thetop ten shareholders Unit:ShareTotalnumberofshareholderattheendof 7044Totalnumberofshareholderattheendofreportperiodwith 0reportperiod preferredstock Shareholderswith5%oraboveShares Increaseor Current ImpawnedorFrozenShares Name Nature Ratio（%）Totalshares decrease Non-current shares held inthereport sharesheld held Status Amount period WafangdianBearing State-owned 60.61% 244,000,000 244,000,000 GroupCorporation shareholder AKTIEBOLAGETForeign 19.70% 79,300,000 SKF shareholder HuangJunyue Domestic 1.16% 4,680,000 shareholderBOCI ForeignSECURITIES shareholder 0.94% 3,772,700LIMITED HuXiaofeng Domestic 0.47% 1,879,277 shareholderGUOTAIJUNANSECURITIES(HO Foreign 0.36% 1,456,040NGKONG) shareholderLIMITED JinYunhua Foreign 0.33% 1,311,256 shareholderMAN,KWAI Domestic 0.18% 713,101WING shareholderZhouJie Domestic 0.16% 630,000shareholderZhouJunlin Domestic 0.14% 545,600shareholder TopTenTradableShareholders Name Currentsharesheldatendofyear Categoryof Shares Categories AmountAKTIEBOLAGETSKF 79,300,000 B 79,300,000HuangJunyue 4,680,000 B 4,680,000BOCISECURITIESLIMITED 3,772,700 3,772,700HuXiaofeng 1,879,277 B 1,879,277GUOTAIJUNAN BSECURITIES(HONGKONG) 1,456,040 1,456,040LIMITED JinYunhua 1,311,256 B 1,311,256 MAN,KWAIWING文贵荣 713,101 B 713,101 ZhouJie 630,000 B 630,000 ZhouJunlin 545,600 B 545,600 LiaoYun 514,500 B 514,500 ExplanationfortheAffiliatedRelationsor Therewasnorelationshipandconsistentactivitiesbetweenthefirstbigshareholderandothershareholdersor UnitedActionoftheTopTen thetoptencommonstockholders;Therelationshipamongothershareholders,toptencirculationshareholders, ShareholdersandtheTopTenTradable toptencirculationshareholdersandothershareholderswasnotclear. Shareholders §3 Significantitems 1Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindex,andexplanationsof reasons√Applicable InapplicableNo Item Theendof Beginningof % +/-toprevious Reason year year 1 Taxpayable 448 1,914.10 -1,466.10 -76.60% Mainlytheadded-valuetaxandthe attachedisthebeginning Mainlyaccordingtotheprovisionsofthe taxlaw,inMay2016toimplementthe campchangeincreases,taxesand additionalaccountingbusinessactivities ofconsumptiontax,urbanconstruction businesstaxand tax,resourcetax,educationalexpenses 2 surcharges 510.1 248.4 261.7 105.30% toadd,propertytaxandlandusetax, stampdutyandotherrelevanttaxes,so willbeinMay2016afterallmanagement costofthetaxadjustmenttotaxand additionalitems,sothetaxand additionalyear-on-yeargrowth. Lossof MainlycancelafterClosetheaccounts 3 impairmentof 10 0.1 9.9 9254.00% receivablefrom9.9millionYuanassets Non-operating 1.Afineincomefell；2.Thegovernment 4 revenue 163.8 442.3 -278.6 -63.00% subsidiesfell；3.Debtrestructuringgainsfell Othercash Mainlyatthesametimereceivethefirst 5 receivedrelating 73.3 130.7 -57.4 -43.90% majortechnicalequipmentinsurance tooperating premiumsubsidiesto76millionYuan. activities Mainlyoperatingincomerose,makethe 6 Taxpayments 3,077.40 1,306.00 1,771.50 135.60% added-valuetaxanditsattached year-on-yearincrease Mainlybecausereceivedfromreturnof 7 Taxpayments 24 -24 -100.00% investmentof2014fromMEwith240 thousandYuan. Netcash receivedfrom MainlyreceivedincomeforsoldProperty 8 disposaloffixed 487.7 487.7 assets,intangible Harbin assetsandother long-termassets Cashpaidto Mainlybecausethecashpaidonfix acquirefixed 9 assets,intangible 110.3 162.7 -52.4 -32.20% assetinvestmentdeclinecomparedwith assetsandother lastpeirod. long-termassets Proceedsfrom Mainlyduetotheimpactofcredit,sothat10 borrowings 13,300.00 28,500.00 -15,200.00 -53.30% thecurrentpaymentofdebttopaythe cashreduction Repaymentof Mainlyduetotheimpactofcredit,sothat 11 borrowings 11,800.00 22,000.00 -10,200.00 -46.40% thecashreceivedinthecurrentperiodto reducethecash MainlyincurrentdollarsforRMB exchangeratefell0.078inJanuary,the RMBappreciationisbigger,exchange Effectsofforeign lossisbigger,2,3monthsexchange 12 exchangerate -29.9 -54 24.1 -44.60% ratestorise,formingexchangeearnings, changesoncash theoverallformexchangeearnings, earningsfell 2Progressofsignificantevents,theirinfluence,andanalysisandexplanationoftheirsolutions □Applicable√Inapplicable 3The company,shareholders, actualcontroller,the acquirer,directors, supervisors and seniormanagement personnelorotherrelatedpartiestofulfillcommitmentsandthefinalreporthasnotbeenfulfilledinthereporting period □Applicable√Inapplicable 4EstimationofaccumulativenetprofitfromJantoJune2017 □Applicable√Inapplicable 5Particularaboutsecurityinvestment □Applicable√Inapplicable 6Particularaboutderivatives □Applicable√Inapplicable 7Activitiesonreceivingresearch,communicationandinterviewinthereportperiod Time Method Object Contentanddocumentssupplied 2017.01.24 Telephonecommunication Privateinvestor Companyearningsforecast,toverify 2017.02.08 Telephonecommunication Privateinvestor WhetherCompanycanturnroundandpickthecap Understandthecompany'ssecond-largest 2017.02.23 Telephonecommunication Privateinvestor shareholderSKFthaw 2017.02..24 Telephonecommunication Privateinvestor Thecompany'sproductionandoperationsituation Understandthecompany'ssecond-largest 2017.02.27 Telephonecommunication Privateinvestor shareholderSKFthaw 8Illegalexternalguarantee □Applicable√Inapplicable 9ControllingshareholderanditsrelatedpartiestothelistingCorporation'snonoperatingfunds □Applicable√Inapplicable