1、Wafangdian Bearing Company Limited 2020Annual Report1Wafangdian Bearing Company Limited2020Annual Report2021-10April 23,2021Wafangdian Bearing Company Limited 2020Annual Report2Chapter I.Important Prompts,Table of Contents,and DefinitionsThe Board of Directors,board of supervisors,directors,supervis
2、ors,and top management ofthe Company hereby guarantee that there are no false record,misleading statements and importantomission of the material in this report,and assume the individual and associated responsibilities forthe truth,accuracy and completeness of the contents.Chairman Mr.Liu Jun,General
3、 Accountant Ms.Sun Najuan and accounting charger Ms.ZhangYajing declare:guarantee the truth and completeness of the financial report in the annual report.All directors attended the Board meeting and discussed the report.Forward-looking statements relating to future prospects and plans in the current
4、 annualreport,The above business plan and business target do not represent the companys profit forecastfor 2021.Whether it can be realized depends on the change of market conditions,the efforts of themanagement team and other factors.There are great uncertainties and they do not constitute thecompan
5、ys substantial commitment to investors.In the fourth section of this report,Discussion and Analysis of Business Situation,IX.Prospects for the future development of the company,the company describes in detail the possiblerisks and countermeasures in the companys business operation.Please pay attenti
6、on to the relevantcontents.The company plans not to distribute cash dividends,not to send bonus shares,not to reservefund to increase capital.Wafangdian Bearing Company Limited 2020Annual Report3Table of ContentsChapter I.Important Prompts,Table of Contents,and Definitions.2Chapter II.Company Profil