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2021 Midyear Financial Report

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2021 Midyear Financial Report Wafangdian Bearing Company Limited 2021 Midyear Financial report 2021 Midyear Financial report （unaudited） From Jan. 1, 2021 to Jun 30, 2021 Catalogue page Midyear financial statement Balance sheet 2-4 Income statement 4-6 Cash flow statement 7-9 The changes of owner’s equity 10-18 Annotations of the midyear incorporate financial statements 18-105 Other financial data 106 1 Wafangdian Bearing Company Limited 2021 Midyear Financial report 1. Consolidated balance sheet Establishment unit: Wafangdian Bearing Co., LTD In RMB Yuan ITEM 2021.6.30 2020.12.31 Current assets: Monetary fund 213,848,619.85 194,152,280.08 Settlement provision Lending money, Trading financial assets 411,407.31 228,046.00 Derivative financial assets Notes receivable 619,807,598.26 416,044,578.48 Accounts receivable 944,368,834.23 975,628,091.12 Receivables financing 129,580,519.36 130,600,545.59 prepayments 22,055,659.11 53,772,465.49 Premiums receivable Reinsurance accounts receivable Reinsurance contract reserves receivable Other accounts receivable 11,290,749.69 14,204,144.25 Where: interest receivable Dividends receivable Purchase and resale of financial assets inventory 761,125,814.98 615,656,946.30 Contract assets Hold assets for sale Non-current assets maturing within one year Other current assets 10,712,609.56 24,610,448.93 Total current assets 2,713,201,812.35 2,424,897,546.24 Non-current assets: Issue loans and advance payments Creditor's rights investment Other debt investment Long-term receivables Long-term equity investment Investment in other equity instruments 11,926,856.64 11,926,856.64 Other non-current financial assets 2 Wafangdian Bearing Company Limited 2021 Midyear Financial report Investment real estate 115,459,279.72 117,516,482.39 Fixed assets 402,752,098.78 474,109,923.22 Projects under construction 24,348,551.06 24,254,985.16 Productive biological assets Oil and gas assets Right of use assets 1,009,841.91 Intangible assets 79,119,926.72 80,725,861.18 The development of spending goodwill Long-term deferred expenses 336,851.27 511,188.11 Deferred tax assets Other non-current assets Total non-current assets 634,953,406.10 709,045,296.70 Total assets 3,348,155,218.45 3,133,942,842.94 Current liabilities: Short-term borrowing 698,000,000.00 670,000,000.00 Borrowing from the central bank Funds borrowed from Transactional financial liabilities Derivative financial liabilities Notes payable 226,793,257.05 274,654,535.65 Accounts payable 1,279,404,724.99 1,044,801,896.85 Advance payment Contract liability 47,607,834.61 39,456,304.55 Sale of repurchase financial assets Take deposits and inter-bank deposits Acting to buy and sell securities Acting as an underwriter of securities payments Employee compensation payable 21,852,557.25 52,677,141.09 Payable taxes 4,336,864.26 3,688,168.68 Other payable 146,468,203.79 129,476,061.47 Where: interest payable 1,680,000.00 1,041,600.00 Dividends payable Fees and commissions due 3 Wafangdian Bearing Company Limited 2021 Midyear Financial report Reinsurance accounts payable Holding liabilities for sale Non-current liabilities due within one year Other current liabilities 6,168,824.67 5,129,319.58 Total current liabilities 2,430,632,266.62 2,219,883,427.87 Non-current liabilities: Reserve for insurance contract Long-term borrowing Bonds payable Where: Preferred stock Sustainable debt Lease liability 1,281,492.96 Long-term payables 344,974.84 344,974.84 Long-term employee compensation payable Estimated debts 39,427,812.54 39,032,270.91 Deferred revenue 57,537,112.01 59,942,753.08 Deferred tax liabilities 734,448.35 734,448.35 Other non-current liabilities Total non-current liabilities 99,325,840.70 100,054,447.18 Total liabilities 2,529,958,107.32 2,319,937,875.05 Owner's equity: equity 402,600,000.00 402,600,000.00 Other equity instruments Where: Preferred stock Sustainable debt Capital reserves 485,691,050.47 485,691,050.47 Minus: Treasury stocks Other comprehensive income The special reserve Surplus reserves 136,770,391.01 136,770,391.01 General risk provision Undistributed profit -206,864,330.35 -211,056,473.59 Total owner's equity attributable to the parent 818,197,111.13 814,004,967.89 company Minority equity 4 Wafangdian Bearing Company Limited 2021 Midyear Financial report Total owner's equity 818,197,111.13 814,004,967.89 Total liabilities and owners' equity 3,348,155,218.45 3,133,942,842.94 2. Balance sheet of parent company In RMB Yuan item 2021.6.30 2020.12.31 Current assets: Monetary fund 186,426,311.94 173,606,464.84 Trading financial assets 411,407.31 228,046.00 Derivative financial assets Notes receivable 284,995,696.34 325,928,761.07 Accounts receivable 1,056,049,412.72 1,051,197,353.63 Receivables financing 121,077,339.36 125,606,963.37 prepayments 19,589,717.59 52,961,548.88 Other accounts receivable 345,885,690.52 13,357,080.42 Where: interest receivable Dividends receivable inventory 467,971,154.61 472,723,348.67 Contract assets Hold assets for sale Non-current assets maturing within one year Other current assets 5,508,126.26 17,971,682.31 Total current assets 2,487,914,856.65 2,233,581,249.19 Non-current assets: Creditor's rights investment Other debt investment Long-term receivables Long-term equity investment 211,583,897.67 211,583,897.67 Investment in other equity instruments 11,926,856.64 11,926,856.64 Other non-current financial assets Investment real estate 101,884,681.94 103,505,103.77 Fixed assets 243,189,782.54 309,847,783.81 Projects under construction 21,931,620.12 21,933,710.72 Productive biological assets Oil and gas assets 5 Wafangdian Bearing Company Limited 2021 Midyear Financial report Right of use assets 1,009,841.91 Intangible assets 62,921,438.85 64,192,377.21 The development of spending goodwill Long-term deferred expenses 285,650.84 432,059.78 Deferred tax assets Other non-current assets Total non-current assets 654,733,770.51 723,421,789.60 Total assets 3,142,648,627.16 2,957,003,038.79 Current liabilities: Short-term borrowing 698,000,000.00 670,000,000.00 Transactional financial liabilities Derivative financial liabilities Notes payable 226,793,257.05 274,654,535.65 Accounts payable 1,047,520,093.85 845,753,616.99 Advance payment Contract liability 47,452,497.50 40,196,130.87 Employee compensation payable 15,856,491.99 43,148,413.71 Payable taxes 2,881,606.34 3,395,991.46 Other payable 133,346,564.94 109,599,140.08 Where: interest payable 1,680,000.00 1,041,600.00 Dividends payable Holding liabilities for sale Non-current liabilities due within one year Other current liabilities 6,168,824.67 5,225,497.00 Total current liabilities 2,178,019,336.34 1,991,973,325.76 Non-current liabilities: Long-term borrowing Bonds payable Where: Preferred stock Sustainable debt Lease liability 1,281,492.96 Long-term payables 244,974.84 244,974.84 Long-term employee compensation payable Estimated debts 39,427,812.54 39,032,270.91 6 Wafangdian Bearing Company Limited 2021 Midyear Financial report Deferred revenue 26,975,192.63 29,380,833.70 Deferred tax liabilities Other non-current liabilities Total non-current liabilities 67,929,472.97 68,658,079.45 Total liabilities 2,245,948,809.31 2,060,631,405.21 Owner's equity: equity 402,600,000.00 402,600,000.00 Other equity instruments Where: Preferred stock Sustainable debt Capital reserves 485,678,443.26 485,678,443.26 Minus: Treasury stocks Other comprehensive income The special reserve Surplus reserves 136,770,391.01 136,770,391.01 Undistributed profit -128,349,016.42 -128,677,200.69 Total owner's equity 896,699,817.85 896,371,633.58 Total liabilities and owners' equity 3,142,648,627.16 2,957,003,038.79 3. Consolidated income statement In RMB Yuan Item Half year 2021 Half year 2020 I. Total revenue 1,081,064,853.66 896,732,234.86 Wherein: operating income 1,081,064,853.66 896,732,234.86 Interest income The premium has been made Commission and commission income II. Total operating costs 1,083,628,314.10 902,201,538.62 Where: operating costs 831,304,584.25 674,721,170.74 The interest payments Commission and commission expenses Surrender gold Net compensation expenditures Draw the net reserve for insurance liability Policy bonus expense 7 Wafangdian Bearing Company Limited 2021 Midyear Financial report Reinsurance expenses Taxes and surcharges 7,985,299.24 7,295,134.29 Cost of sales 78,899,762.56 75,613,172.33 Management fees 45,845,225.31 39,172,811.53 Research and development costs 98,277,786.26 88,374,018.61 Finance charges 21,315,656.48 17,025,231.12 Including: interest expense Interest income Plus: Other benefits 3,063,661.27 6,192,961.72 Investment income (Loss marked with "-") 870,263.42 664,574.71 Among them: income from investment in joint ventures and joint ventures Financial assets measured by amortized cost cease to recognize income Exchange gain (Loss marked with "-") Net exposure hedging gain (loss marked with "-") Gains from changes in fair value (loss marked with "-") 183,361.31 -55,470.65 Credit impairment loss (marked with "-") 30,000.00 7,311.38 Asset impairment loss (marked with "-") Income from asset disposal (marked with "-" for loss) 2,727,585.57 276,663.74 III.
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