瓦轴B2025年半年度报告（英文版）

Wafangdian Bearing Company Limited 2025 Midyear Report1Wafangdian Bearing Co., LTD2025 Midyear Report2025-31August 2025Wafangdian Bearing Company Limited 2025 Midyear Report2Chapter I. Important notes, contents and definitionsThe board of directors, the directors and senior managers of the company shall guarantee that thecontents of the semi-annual report are true, accurate and complete without any false records, misleadingstatements or major omissions, and shall bear individual and joint legal liabilities.Wang Jiyuan, the person in charge of the company, Sun Najuan, the person in charge of the accountingwork, and Xuan Songtao, the person in charge of the accounting organization (the person in charge of theaccounting) declare that they guarantee the truthfulness, accuracy and completeness of the financial report inthe semi-annual report.All directors have attended the meeting of the board of directors to review the semi-annual report.In the third section of this report, "Management Discussion and Analysis", under "X. Risks Faced by theCompany and Countermeasures", the company has detailedly described the possible risks in its operationsand the countermeasures. Investors are kindly requested to pay attention to the relevant content.The company does not plan to distribute cash dividends, do not send bonus shares, do not increasecapital stock with accumulation fund.Wafangdian Bearing Company Limited 2025 Midyear Report3CatalogueChapter I. Important notes, contents and definitions.......................................................................................................... 2Glossary..................................................................................................................................................................... 5Chapter II.Company Profile.............................................................................................................................................. 6Chapter III Management Discussion and analysis............................................................................................................. 9I. Major business of the Company during the reporting period......................................................................................... 9IV. Analysis of non-main business...............................................................................................................................11V. Analysis of assets and liabilities.............................................................................................................................. 11VI. Analysis of investment status.................................................................................................................................13Chapter IV Corporate governance, environment and society............................................................................................14Chapter V Important Matters.....................................................................