Wafangdian Bearing Company Limited 2026 Midyear Report Abstract
Stock code：000706 Stock ID:Wazhou B Announcement No.2026-26
Wafangdian Bearing Company Limited
This summary of the semi-annual report is based on the full text of the semi-annual report. To gain a comprehensive understanding of the
company's operating results, financial status and future development plans, investors are advised to carefully read the full text of the semi-
annual report on the designated media of the China Securities Regulatory Commission.
All directors attended the Board meeting and discussed the report.
Reminder of the qualified auditor’s opinions
Inapplicable
Preplan of Profit Distribution for Common Stock or Preplan for Capitalization of the Reserves in the Reporting Period Reviewed
by the Board Meeting
Inapplicable
The company does not plan to distribute cash dividends, does not send bonus shares, and does not convert the capital reserves into
share capital.
The board of directors has approved the preferred stock profit distribution plan for this reporting period
Inapplicable
(i) Brief Information of the company
Stock abbreviation Wazhou B stock code 200706
Stock listing exchange Shenzhen Stock Exchange
Contact person and contact information 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,
Office Address
Liaoning Province, China. Liaoning Province, China.
Telephone 0411-62198008 0411-62198236
E-mail address zwz2308@126.com zwz2308@126.com
(ii).Main accounting date
Whether the company needs to retroactively adjust or restate the accounting data of previous years
? Yes ? No
The reason of adjust or restate the accounting
accounting policy alternative
In RMB Yuan
This reporting This report period is an increase or
the same period of last year
period decrease over the same period last year
Operating income (yuan) 1,184,970,752.18 1,330,615,217.48 -10.95% 1,184,970,752.18
Net profit attributable to
shareholders of the listed 7,324,544.44 -20,930,911.54 134.99% 7,324,544.44
company (yuan)
Net profit attributable to
-8,225,520.72 -31,677,626.31 74.03% -8,225,520.72
shareholders of the listed
Wafangdian Bearing Company Limited 2026 Midyear Report Abstract
company after deducting non-
recurring gains and losses
(yuan)
Net cash flows from operating
activities (yuan)
Basic earnings per share
(yuan/share)
Diluted earnings per share
(yuan/share)
Weighted average return on
net assets
The increase or decrease at the end of
End of the
End of the previous year this reporting period compared with the
reporting period
end of the previous year
Total assets (yuan) 2,812,706,446.27 2,787,274,723.39 0.91% 2,812,706,446.27
Net assets attributable to
shareholders of the listed 208,292,211.07 199,023,958.34 4.66% 208,292,211.07
company (yuan)
Unit:Stock
Total common
shareholders in Total preference shareholders with the voting covered at the
the reporting end of the reporting period
period
Top 10 shareholders' holdings (excluding shares loaned through refinancing)
Number of pledged, marked, or
Nature of the shareholdin holdings at the The number of non- frozen status
Shareholder names
shareholders g ratio end of reporting tradable shares held Status of Quantit
period shares y
Wafangdian
State-owned
Bearing Group 74.15% 298,524,555 244,000,000 Inapplicable 0
legal person
Corp., Ltd.
Dalian Youth
Development other 19.70% 79,300,000 0 Inapplicable 0
Foundation
Domestic natural
Wang Xiao 0.19% 774,420 0 Inapplicable 0
person
Domestic natural
Chen Peng 0.18% 738,100 0 Inapplicable 0
person
Domestic natural
Jiang Guangsen 0.17% 700,000 0 Inapplicable 0
person
Bocom
Foreign legal
International 0.14% 575,068 0 Inapplicable 0
person
Securities Co., LTD
Domestic natural
Li Zhijun 0.14% 573,764 0 Inapplicable 0
person
Domestic natural
Zhou Yan 0.12% 463,700 0 Inapplicable 0
person
Domestic natural
Zhou Mei 0.11% 443,620 0 Inapplicable 0
person
Domestic natural
Yang Yiguang 0.11% 437,811 0 Inapplicable 0
person
About the fact that a strategic investor or
Among the top ten shareholders of the Company, there is no association or concerted
ordinary corporate became one of the
action between the largest shareholder and other shareholders, or among the top ten
top
shareholders of tradable shares, and the association and concerted action between
ten shareholders due to placement of
other shareholders, among the top ten shareholders of tradable shares, and among the
new
top ten shareholders of tradable shares and other shareholders are unknown.
shares (if any) (Refer to Note 3)
Explanation on associated relationship
or
None
consistent action of the above
shareholders
Wafangdian Bearing Company Limited 2026 Midyear Report Abstract
Shareholding of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders with
unrestricted tradable shares participating in the margin lending business in terms of the situation of lending shares
□ Applicable ? Not applicable
The top 10 shareholders and the top 10 unrestricted tradable shareholders have changed due to reasons related to margin lending
and repayment compared with the previous period
□ Applicable ? Not applicable
The controlling shareholder changed during the reporting period
□ Applicable ? Not applicable
The controlling shareholder of the company did not change during the reporting period.
The actual controller changed during the reporting period
□ Applicable ? Not applicable
The actual controller of the company did not change during the reporting period.
□ Applicable ? Not applicable
There is no holding situation of preferred shares by the company on the approval date of the semi-annual report.
□ Applicable ? Not applicable
In recent years, due to the impact of the global economic recession and economic restructuring, Wazhou B has suffered
consecutive losses and its operating conditions have deteriorated continuously. Since 2025, due to the combined effect of multiple
adverse factors, the company's operations have been further restricted and the future financial risks of the company have continued
to increase. In the long run, this will inevitably lead to an intensification of the company's operational risks. Considering all the
factors, Wazhou Group, as the controlling shareholder of Wazhou B, intends to launch a comprehensive tender offer to all
unrestricted shareholders of Wazhou B with the aim of terminating Wazhou B's listing status, starting from the comprehensive
protection of the shareholders' interests of Wazhou B and demonstrating the responsibility of state-owned enterprises.
On January 19, 2026, Wazhou Group disclosed the "Tender Offer Report of Wafangdian Bearing Co., Ltd.", and the tender offer
period was from January 20, 2026 to February 27, 2026. The effective condition of the tender offer was that on the last trading day
of the validity period of the tender offer at 15:00, the total number of Wazhou B's public shares pre-registered for the tender offer
held by the China Securities Depository and Clearing Corporation Limited in Shenzhen exceeded 39,050,000 shares, that is, the
proportion of Wazhou B's public shares after the acquisition in the total share capital was lower than 10%. According to the
provisions of the Shenzhen Stock Exchange "Listing Rules", Wazhou B will no longer have the listing conditions, and the tender
offer will take effect.
As of February 27, 2026, the shareholders who pre-registered for the tender offer of Wazhou B were 1,459 households, and the
total number of unrestricted shareholder public shares pre-registered for the tender offer was 54,524,555 shares. According to the
effective conditions stipulated in the "Tender Offer Report of Wafangdian Bearing Co., Ltd.", this tender offer will take effect.
When the proportion of public shares held by the public is lower than 10% of the company's total shares, according to the
provisions of the "Securities Law" and the "Stock Listing Rules of the Shenzhen Stock Exchange" and other relevant regulations,
the company's share distribution no longer meets the listing conditions. The company will follow the relevant regulations to carry
out the procedures for the termination of its stock listing and issue a corresponding announcement.
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