The 3rd Quarterly Report 2016
Bengang Steel Plates Co., Ltd.
The 3rd Quarterly Report 2016
October 2016
The 3rd Quarterly Report 2016
I. Important Statement
The Board of Directors and the directors of the Company guarantee that there are no significant omissions,
fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for
the truthfulness, accuracy and completeness of the Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zhao Zhongmin, The Company Leader, Mr. Han Ge, Chief financial officer and the Mr.Wang Shaoyu, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
The 3rd Quarterly Report 2016
II.Main financial data and changes of shareholders
I.Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
As at the end of the reporting Changed (%)over end of
As at the end of last year
period prev. year
Gross assets(RMB) 48,399,792,782.49 44,461,643,345.33 8.86%
Net assets attributable to the
shareholders of the listed company 12,511,169,665.15 11,934,100,372.02 4.84%
(RMB)
Increase/decrease over Between beginning of
Changed (%)over
Reporting period the same period of last the year to the end of
end of prev. year
year(%) the report period
Operating income(RMB) 7,352,413,667.74 46.51% 19,981,998,237.09 -6.47%
Net profit attributable to the
shareholders of the listed company 392,077,397.20 1,016.87% 574,615,573.52 252.28%
(RMB)
Net profit after deducting of
non-recurring gain/loss attributable
380,239,871.89 983.36% 544,756,078.48 288.06%
to the shareholders of listed
company(RMB)
Cash flow generated by business
-- -- 3,646,623,428.76 360.45%
operation, net(RMB)
Basic earning per
0.13 1,200.00% 0.18 260.00%
share(RMB/Share)
Diluted gains per
0.13 1,200.00% 0.18 260.00%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
3.21% 2.98% 4.72% 3.66%
ratio(%)
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
4,490,126.73
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and 24,933,000.00
The 3rd Quarterly Report 2016
loss(excluding those closely related to the Companys business
and granted under the states policies)
Gain/loss from commissioned investment or assets 569,498.63
Gain/loss from debt reorganization 8,631,844.34
Other non-business income and expenditures other than the above 1,270,530.97
Less: Influenced amount of income tax 9,973,750.17
Influence on minority shareholders equity (after tax) 61,755.46
Total 29,859,495.04 --
If the company defines those items to recurring gain/loss items, which were defined by “Regulations of
Information Disclosure of PLCs, Explanation No.1 - Non-recurring gain/loss” as non-recurring gain/loss, please
provide reason here.
□ Applicable √Not applicable
None of non-recurring gain/loss items recognized as recurring gain/loss items as defined by the Information
Disclosure Explanatory Announcement No.1 – Non-recurring gain/loss in the report period.
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
74,128
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Benxi Steel State-owned legal
77.80% 2,442,316,069 Pledged 404,000,000
(Group) Ltd. person
BBH A/C
VANGUARD
EMERGING Overseas legal
0.26% 8,157,311
MARKETS person
STOCK INDEX
FUND
Domestic natural
Zhou Jie 0.23% 7,332,801
person shares
Domestic natural
Ruan Shouguo 0.16% 5,082,200
person shares
Zhan Domestic natural 0.15% 4,660,515
The 3rd Quarterly Report 2016
Changcheng person shares
VANGUARD
TOTAL
Overseas legal
INTERNATION 0.15% 4,606,141
person
AL STOCK
INDEX FUND
CITIGROUP
GLOBAL Overseas legal
0.14% 4,237,147
MARKETS person
LIMITED
Haitong
International
Securities Overseas legal
0.10% 3,286,109
Company person
Limited-Account
Client
GUOTAI
JUNAN
Overseas legal
SECURITIES(H 0.10% 3,080,304
person
ONGKONG)
LIMITED
Agricultural Bank
of China-Rich
countries in the
reform of
state-owned Other 0.09% 2,847,400
enterprise
reform index
securities
investment fund
Shares held by the Top 10 Shareholders of Non-restricted shares
Share type
Shareholders Names Number of the non-restricted shares held
Share type Quantity
RMB common
Benxi Steel (Group) Ltd. 2,442,316,069 2,442,316,069
shares
Foreign shares
BBH A/C VANGUARD
placed in
EMERGING MARKETS STOCK 8,157,311 8,157,311
domestic
INDEX FUND
exchange
Foreign shares
Zhou Jie 7,332,801 7,332,801
placed in
The 3rd Quarterly Report 2016
domestic
exchange
RMB common
Ruan Shouguo 5,082,200 5,082,200
shares
Foreign shares
placed in
Zhan Changcheng 4,660,515 4,660,515
domestic
exchange
Foreign shares
VANGUARD TOTAL
placed in
INTERNATIONAL STOCK INDEX 4,606,141 4,606,141
domestic
FUND
exchange
Foreign shares
CITIGROUP GLOBAL MARKETS placed in
4,237,147 4,237,147
LIMITED domestic
exchange
Foreign shares
Haitong International Securities placed in
3,286,109 3,286,109
Company Limited-Account Client domestic
exchange
Foreign shares
GUOTAI JUNAN
placed in
SECURITIES(HONGKONG) 3,080,304 3,080,304
domestic
LIMITED
exchange
Agricultural Bank of China-Rich
countries in the reform of RMB common
2,847,400 2,847,400
state-owned enterprise reform shares
index securities investment fund
Notes to relationship or “action in It is unknown to the Company whether there is any related connection or Action in Concert
concert” among the top ten as described by Rules of Information Disclosing Regarding Changing of Shareholding Status
shareholders. of Listed Companies existing among the above shareholders.
Note to the top 10 common
stockholders involved in margin
None
financing & securities lending(if
any)
Whether there was any repurchasing deal made between any of the top 10 shareholders and top 10 holders of
unrestricted shares in the report period
[] Yes [V] No
There was not any repurchasing deal made between any of the top 10 shareholders and top 10 holders of
unrestricted shares in the report period
The 3rd Quarterly Report 2016
2 Total of shareholders and top-10 preferential shareholders at end of the report period
□ Applicable √Not applicable
III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
√Applicable □Not applicable
* Items changed by over 30% comparing with that of at the end of 2015 in the consolidated accounts, and
causations
I. Items in the balance Changed Causation of change
sheet by
Monetary Fund 72% Due to the increase of the company current reserves
Available for sale financial Mainly due to the current shares of Bengang Baojin (Shenyang)
assets 44% Automotive New Materials Technology Co., Ltd. due.
Construction in process 33% Mainly due to the unsettled construction in progress increased
Construction material 87% Mainly due to unrequited increase in construction materials
Mainly due to the Company's profit for the current period
Deferred tax assets -48% makes up the loss
Account payable 35% Mainly due to increase in current period payables
Mainly due to the current steel prices, advance receipts
Advance Payments 37% increased
Non-current liabilities due Mainly due to current non-current liabilities due within one
within one year -50% year are due for repayment
Mainly due to long-term borrowings were added in the current
Long-term borrowings 229% period
Mainly due to the current period to pay the safe use fee
Special reserves 624% decreased
Undistributed profit 45% Mainly due to profit for the period increased
* Items changed by over 30% comparing with that of Jan - Sept 2015 in the consolidated accounts, and
causations
II. Items under income Changed Causation of change
statement by
Operational tax and
surcharges 37% Mainly due to the current value added tax payable
Mainly due to the current steel prices, did not mention the
Asset impairment loss -104% provision for inventory decline
Investment gains -92% Mainly due to current purchase of financial products decreased
The 3rd Quarterly Report 2016
Mainly due to loss of non-current assets decreased during the
Non-operational expenses -99% period
Mainly due to this period to achieve profitability, make up
Income tax expense 46769% losses
Minor shareholders equity 283% Mainly due to the profit of the holding company increased
III. Items under cash flow Changed Causation of change
statement by
Mainly due to the amount of export tax rebate received in this
Tax returned
-47% period decreased
Cash received from
investment retrieving -83% Mainly due to current purchase of financial products decreased
Cash received as investment
pro