Wafangdian Bearing Company Limited 2025 Annual Report Abstract
Stock code:000706 Stock ID:Wazhou B Announcement No.2026-15
Wafangdian Bearing Company Limited
This abstract was derived from the annual report, the annual report issued on the Shenzhen Stock Exchange web or other web
appointed by and CSRC; details please refer to the whole annual report.
All directors attended the Board meeting and discussed the report.
Reminder of the qualified auditor’s opinions
□ Applicable ? Not applicable
Preplan of Profit Distribution for Common Stock or Preplan for Capitalization of the Reserves in the Reporting Period Reviewed
by the Board Meeting
□ Applicable ? Not applicable
The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert the retained earnings into
additional shares.
The profit distribution plan for preferred stocks for the current reporting period as approved by the board of directors.
□ Applicable ? Not applicable
As of the end of the reporting period, the parent company had unremedied losses.
The parent company's taxable income was insufficient to cover the losses, thus resulting in unremedied losses. For details on how
to remedy the situation, please refer to Section 8 - Financial Reports, Item 7 - Consolidated Financial Statement Notes, Note 29 -
Deferred Income Taxes/Deferred Income Tax Liabilities (5). The company will not distribute dividends in 2025 due to the losses.
(i) Brief Information of the company
Secretary of the Board Representative of StockA ffairs
Name Sun Najuan Ke Xin
No. 1 Beigongji Street, Wafangdian City, No. 1 Beigongji Street, Wafangdian City,
Correspondence address
Liaoning Province, China. Liaoning Province, China.
Consulting telephone 0411-62198333 0411-62198333
Fax 0411-62198008 0411-62198236
E-mail zwz2308@126.com zwz2308@126.com
(ii). Principal Businesses in the Reporting Period
The scope of operation is: Licensed items: inspection and testing services, import and export of goods, import and export of
technologies (for items subject to approval according to law, business activities can only be carried out after approval by relevant
departments, and the specific business items shall be subject to the approval result)Bearing manufacturing, bearings, gears and
transmission components manufacturing, high speed precision heavy-duty bearing sales, sales bearings, gears and transmission
parts, bearing sales, general equipment manufacturing (excluding special equipment manufacturing), high-speed rail equipment,
parts manufacturing, machinery and equipment sales, rail transportation equipment, key system and parts sales, sales of lubricating
oil, high-speed rail equipment and accessories sales,Wind generators and spare parts sales, machinery parts, spare parts sales,
railway locomotive vehicle accessories manufacturing, railway locomotive vehicle accessories sales, auto parts and accessories
manufacturing, auto parts wholesale and retail auto parts, metal products repair, sales metal materials, metal products sales, metal
surface treatment and heat treatment processing, quenching process,Machinery parts and spare parts processing, land use right
Wafangdian Bearing Company Limited 2025 Annual Report Abstract
leasing, housing leasing, non-residential real estate leasing, mechanical equipment leasing, computer and communication
equipment leasing, transportation equipment leasing service, office equipment leasing service, storage equipment leasing service,
special equipment leasing, labor services (excluding labor dispatch),Technology service, technology development, technology
consultation, technology exchange, technology transfer, technology popularization (with the exception of the projects subject to
approval according to law, independently carry out business activities according to law with the business license)
(iii).Main accounting date
(1) Main accounting date in the near three years
Whether the company needs to retroactively adjust or restate the accounting data of previous years
? Yes ? No
In RMB Yuan
This year-end shows an
By the end of
By the end of 2025 By the end of 2024 increase or decrease compared
to the previous year-end.
Total assets 2,787,274,723.39 3,316,568,117.52 -15.96% 3,180,391,222.98
Net assets attributable to
shareholders of the listed 199,023,958.34 260,983,803.23 -23.74% 371,306,068.15
company
This year has seen an increase
previous year.
Operating Revenue 2,351,123,992.31 2,053,626,920.80 14.49% 2,193,273,682.20
Net profit attributable to
shareholders of the listed -58,093,066.41 -110,212,481.53 47.29% -99,478,593.08
company
The net profit attributable
to shareholders of the listed
company after deducting -99,663,519.77 -141,102,071.15 29.37% -129,316,113.23
non-recurring gains and
losses
Net Cash Flow Generated
from Operating Activities
Basic Earnings Per Share
-0.1443 -0.2738 47.30% -0.2471
(yuan/share)
Diluted Earnings Per Share
-0.1443 -0.2738 47.30% -0.2471
(yuan/share)
Weighted Average Return
-25.26% -34.86% 9.60% -0.24%
on Net Assets
(2)Quarterly major accounting data
In RMB Yuan
Operating income 670,576,656.24 660,038,561.24 545,785,818.80 474,722,956.03
Net profit attributable to shareholders of
-7,775,309.04 -13,155,602.50 -8,582,720.10 -28,579,434.77
the listed company
The net profit attributable to shareholders
of the listed company after deducting non- -14,549,594.19 -17,128,032.12 -14,003,412.38 -53,982,481.08
recurring gains and losses
Net cash flows generated from operating
activities
Wafangdian Bearing Company Limited 2025 Annual Report Abstract
Whether the financial indicators or the total number of company has disclose quarterly reports, semi-annual report related financial
indicators exist significant differences
Inapplicable
(iv) Shareholders and shares
(1) Information on the top 10 shareholders
Unit:shock
Total
preferenceshareholder
Total Total common Total preference
s withthe voting
common shareholders atthe shareholders iththe
power
shareholders end of themonth voting owerre covered
in beforebefore the at theend of the
end of the month
the reporting date of disclosing reporting
before the day of
period the annual report period (if any)
disclosingthe annual
report
Top 10 shareholders' holdings (excluding shares loaned through refinancing)
Number of holdings pledged, marked, or frozen
Shareholder Nature of the shareholding The number of non-
at the end of status
names shareholders ratio tradable shares held
reporting period Status of shares Quantity
Wafangdian
Bearing State-owned
Group shareholder
Corporation
Dalian Youth
Development Other 19.70% 79,300,000 0 not applicable 0
Foundation
Foreign
Wang Xiao 0.19% 774,420 0 not applicable 0
shareholder
Domestic
Chen Peng 0.18% 738,100 0 not applicable 0
shareholder
Jiang Domestic
Guangsen shareholder
Bocom
International Foreign
Securities shareholder
Co., LTD
Foreign
Li Zhijun 0.14% 573,764 0 not applicable 0
shareholder
Domestic
Zhou Yan 0.12% 463,700 0 not applicable 0
shareholder
Foreign
Zhou Mei 0.11% 443,620 0 not applicable 0
shareholder
Yang Domestic
Yiguang shareholder
Among the top ten shareholders of the Company, there is no association or
About the fact that a strategic investor or concerted action between the largest shareholder and other shareholders, or
ordinary corporate became one of the top among the top ten shareholders of tradable shares, and the association and
ten shareholders due to placement of new concerted action between other shareholders, among the top ten shareholders of
shares (if any) (Refer to Note 3) tradable shares, and among the top ten shareholders of tradable shares and other
shareholders are unknown.
Explanation on associated relationship or
None
consistent action of the above shareholders
Shareholders holding more than 5%, the top 10 shareholders and the top 10 unlimited tradable shareholders participate in the
lending of shares in the business of securities lending
Wafangdian Bearing Company Limited 2025 Annual Report Abstract
Inapplicable
The top 10 shareholders and the top 10 shareholders with unlimited tradable shares changed due to the reasons of
lending/repayment of securities
□ Applicable ? Not applicable
(2) Total Preference Shareholders and the Shares Held by the Top 10 Preference Shareholders
□ Applicable ? Not applicable
(3)Relationship of the property right and controlling between the Company and actual controller:
(v).Potential suspension and delisting
□ Applicable ? Not applicable
No