Wafangdian Bearing Company Limited 2025 Midyear Report Abstract

Stock code：000706 Stock ID:Wazhou B Announcement No.2025-30

Wafangdian Bearing Company Limited

2025 Midyear Report Abstract

1. Important Notes

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

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

2. Brief Information of the listed company

(i) Brief Information of the company

Secretary of the Board Representative of StockA ffairs

Name Sun Najuan Ke Xin

Correspondence address No. 1 Beigongji Street Wafangdian City No. 1 Beigongji Street Wafangdian CityLiaoning 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).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 report period is an increase

This reporting the same period of last year or decrease over the same period

period last year

Before adjustment Adjusted Adjusted

Operating income 1330615217. 1122366451

1122366451.8318.55%

(yuan) 48 .83

Net profit attributable to

-

shareholders of the -20930911.54 -46033131.67 54.53%

46033131.67

listed company (yuan)

Net profit attributable to -

shareholders of the -31677626.31 -57310697.51 44.73%57310697.51

listed company after

1Wafangdian Bearing Company Limited 2025 Midyear Report Abstract

deducting non-recurring

gains and losses (yuan)

Net cash flows from

239656451.7

operating activities 29465363.23 29465363.23 713.35%

3

(yuan)

Basic earnings per

-0.0520-0.1143-0.114354.51%

share (yuan/share)

Diluted earnings per

-0.0520-0.1143-0.114354.51%

share (yuan/share)

Weighted average

-8.35%-13.19%-13.19%4.84%

return on net assets

The increase or decrease at the

End of the end of this reporting periodEnd of the previous year

reporting compared with the end of the

period previous year

Before adjustment Adjusted Adjusted

3019913100.3316568117.

Total assets (yuan) 3316568117.52 -8.94%

7452

Net assets attributable

240615440.9260983803.2

to shareholders of the 260983803.23 -7.80%

23

listed company (yuan)

The reasons for the change of accounting policies and the situation of accounting error correction

Implement the provisions of "Accounting Treatment for quality guarantees of the guarantee Type that do not fall under

individual performance Obligations" in Interpretation No. 18 of the Accounting Standards for Business Enterprises

The Ministry of Finance issued the "Interpretation No. 18 of the Accounting Standards for Business Enterprises" (CAI

Kuai [2024] No. 24 hereinafter referred to as "Interpretation No. 18") on December 6 2024. This interpretation comes

into effect from the date of issuance and allows enterprises to implement it in advance from the year of issuance.According to Interpretation No. 18 when accounting for the estimated liabilities arising from quality guarantees of the

guarantee type that do not fall under individual performance obligations the relevant provisions of Accounting

Standard for Business Enterprises No. 13 - Contingent Matters should be followed. Based on the determined

estimated liability amount debit the "Cost of Main Business" "Cost of Other Business" and other accounts and credit

the "Estimated Liabilities" account. And it should be presented accordingly in items such as "Operating Costs" in the

income statement and "Other Current Liabilities" "Non-current Liabilities Due within one Year" and "Estimated

Liabilities" in the balance sheet.When enterprises first implement the content of this interpretation if they originally recorded the quality guarantee of

the guarantee type as "sales expenses" etc. they should make retroactive adjustments in accordance with the

changes in accounting policies. The Company has adjusted the accounting treatment for quality guarantees of the

guarantee type that do not fall under individual performance obligations from January to June 2024 as follows:

The consolidated financial statements adjusted the sales expenses of 4282123.51 yuan to the operating costs. The

parent company's financial statements adjusted the sales expenses of 4281734.63 yuan to the operating costs.(ii) Shareholders and shares

(1) Information on the top 10 shareholders

Unit:shock

Total common

shareholders in Total preference shareholders with the voting covered at the

the reporting 4979 end of the reporting period 0

period

2Wafangdian Bearing Company Limited 2025 Midyear Report Abstract

Top 10 shareholders' holdings (excluding shares loaned through refinancing)

pledged marked or

shareho Number of holdings

Nature of the The number of non- frozen status

Shareholder names lding at the end of

shareholders tradable shares held

ratio reporting period Status of Quantit

shares y

Wafangdian State-

Bearing Group owned legal 60.61% 244000000 244000000 Inapplicable 0Co. Ltd. person

Dalian Youth

Development other 19.70 79300000 0 Inapplicable 0

Foundation %

China Merchants

Securities Hong Overseas

Kong Limited legal person

2.24% 10850957 0 Inapplicable 0

Domestic

Huang Junyue natural 1.81% 7302709 0 Inapplicable 0

person

Domestic

Hu Xiaofeng natural 0.47% 1879277 0 Inapplicable 0

person

BOCI

SECURITIES Foreign

LIMITED legal person

0.33% 1433154 0 Inapplicable 0

GUOTAI JUNAN

SECURITIES

HONG Overseas（ legal person 0.20% 793400 0 Inapplicable 0KONG）

LIMITED

Domestic

Wang Xiao natural 0.19% 774420 0 Inapplicable 0

persons

Domestic

Chen Peng natural 0.18% 738100 0 Inapplicable 0

persons

MANKWAI WING Overseasnatural 0.18%

文贵荣 713101 0 Inapplicable 0person

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 action between the largest shareholder and other shareholders or among the top ten

the top shareholders of tradable shares and the association and concerted action between other

ten shareholders due to placement of shareholders among the top ten shareholders of tradable shares and among the top ten

new

shares (if any) (Refer to Note 3) shareholders of tradable shares and other shareholders are unknown.Explanation on associated

relationship or

consistent action of the above None

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

Inapplicable

The top 10 shareholders and the top 10 shareholders with unlimited tradable shares changed due to the reasons of

lending/repayment of securities

Inapplicable

IV.Change of controlling shareholder or actual controller

Change of controlling shareholder during reporting period

Inapplicable

The controlling shareholder of the company has not changed during the reporting period.Actual controller changes during the reporting period

Inapplicable

The actual controller of the company has not changed during the reporting period.The total number of preferred shareholders of the company and the shareholding situation of the top 10 preferred

shareholders

3Wafangdian Bearing Company Limited 2025 Midyear Report Abstract

Inapplicable

No preferred stock existed at the reporting period.VI. Information on the bonds existing as of the date of approval and issuance of the semi-annual report

(v).Potential suspension and delisting

Inapplicable

3.Important event

On January 152025 the company was added to the SDN List (Special Designated Nationals and Blocked Persons List) by the U.S.Treasury Department's Office of Foreign Assets Control (OFAC). Entities on this list will face restrictions in transactions with U.S.entities overseas asset transfers foreign exchange settlements partnerships financing and other related activities.Affected by relevant sanctions the company has faced intensified financing difficulties. Both domestic and overseas clients have

experienced declining procurement volumes or even halted purchases leading to mounting survival pressures. To alleviate

operational strain the company has implemented multiple effective measures: With support from stakeholders it has focused on

acquiring new customers and boosting product gross margins. Meanwhile active applications for working capital financing have

been submitted to ensure stable business operations.

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