Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
The 3rd Quarterly Report 2012
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.
Chairman of the Board – Ms. Zhang Xiaofang, Chief Financial Officer and General Manager – Mr. Cao Aimin,
and Head of Accounting Dept. – Mr. Wang Shaoyu hereby declare: the authenticity and integrality of the report
are guaranteed.
II. Company Profile
(I) Financial Highlihgts
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No [] Not applicable
2012.9.30 2011.12.31 Changed by (%)
Gross Assets (RMB) 40,721,540,296.36 41,059,391,272.00 -0.82%
Owners equity attributable to the
15,346,693,479.06 15,524,714,501.26 -1.15%
shareholders of the listed company (yuan)
Capital shares (shares) 3,136,000,000.00 3,136,000,000.00 0%
Net asset per share attributable to the
shareholders of the listed company 4.89 4.95 -1.21%
(Yuan/share)
Changed over the same Changed over the same
July-Sept. 2012 Jan-Sept. 2012
period of last year (%) period of last year (%)
Turnover (yuan) 10,628,033,843.04 -21.48% 33,469,603,677.10 -10.95%
Net profit attributable to shareholders of
-15,384,898.68 -108.35% 129,796,409.01 -83.35%
the listed company (yuan)
Net Cash flow generated by business
-- -- 89,662,963.20 -64.22%
operation (RMB)
Net Cash flow per share generated by
-- -- 0.03 -64.22%
business operation (yuan/share)
Basic earnings per share (Yuan/share) -0.005 -108.35% 0.04 -83.35%
Diluted earnings per share (Yuan/share) -0.005 -108.35% 0.04 -83.35%
Weighted average net
-0.1% -108.38% 0.84% -83.6%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring -0.18% -115.04% 0.72% -85.84%
gain/loss(%)
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Income items and amounts after deducting of non-recurring gains/losses
[V] Applicable [] Not applicable
Amount from openning of
Items year to the end of report Remarks
period
Gain/loss of non-current assets 23,320.38
Tax refunding or exemption without official certification or exceeded authority
Gains and losses included in the current period of government subsidies, excluding those
government grants which are closely related to normal business and in line with national 11,303,565.58
policy , or in accordance with fixed standards or quantities
Capital adoption fee collected from non-financial organizations and accounted into current
gain/loss
Gain/loss from differences between the cost of enterprise merger and the fair value of
recognizable net asset of the invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization 10,772,607.04
Enterprise reorganizing expenses, such as employee placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control from beginning of term till date of
consolidation
Gain/loss generated by contingent liabilities without connection with main businesses
Gain/loss from change of fair value of transactional asset and liabilities, and investment gains
from disposal of transactional financial assets and liabilities and sellable financial assets, other
than valid period value instruments related to the Company’s common businesses
Restoring of receivable account impairment provision tested individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property measured at fair value in follow-up
measurement
Influence of one-time adjustment made on current gain/loss account according to the laws and
regulations regarding tax and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the above 3,798,593.80
Other gain/loss items satisfying the definition of non-recurring gain/loss account
Influenced amount of minority shareholders’ equity
Influenced amount of income tax -6,474,521.70
Total 19,423,565.10 --
Statement of the Company on “Other gain/loss items satisfying the definitions of non-recurring gain/loss accounts” and the
non-recurring items defined as recurring items according to the nature and characteristics of the businesses.
Items Amount involved (RMB) Remarks
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
(II) Top 10 shareholders at the end of report period, and total number of shareholders
Total shareholders at the end of
55,820
the report period (accounts)
Top ten holders of the shares without subscription limitation
Amount of unconditional shares holding Categories and amounts of shares
Name of the shareholder
at the end of report term Categories Amount
Benxi Steel (Group) Ltd. 2,573,632,420 RMB common shares 2,573,632,420
China Construction Bank –
Shangtou Morgan China
49,984,457 RMB common shares 49,984,457
Advantage Securities Investment
Fund
GOVERNMENT OF
Foreign shares placed in domestic
SINGAPORE INV. CORP.- A/C 26,552,138 26,552,138
exchange
"C"
NOMURA TST N BK CO.,LTD
Foreign shares placed in domestic
ATTF ASIA ATTR DIV STK FD 18,049,086 18,049,086
exchange
MTH FD
GSIC A/C MONETARY Foreign shares placed in domestic
10,547,617 10,547,617
AUTHORITY OF SINGAPORE exchange
Foreign shares placed in domestic
Zhou Jie 10,468,000 10,468,000
exchange
Foreign shares placed in domestic
APS CHINA ALPHA FUND 4,616,701 4,616,701
exchange
LSV EMERGING MARKETS Foreign shares placed in domestic
3,385,700 3,385,700
EQUITY FUND,L.P. exchange
Foreign shares placed in domestic
Bao Xinfa 3,321,000 3,321,000
exchange
Taifook Securities Company Foreign shares placed in domestic
3,086,109 3,086,109
Limited-Account Client exchange
It is unknown to the Company whether there is any related connection or Action in
Situations of the shareholders Concert as described by Rules of Information Disclosing Regarding Changing of
Shareholding Status of Listed Companies existing among the above shareholders.
III. Material Events
(I) Material changes in accounting items and indicies
[V] Applicable [] Not applicable
* In the consolidated statements, main items which have changed by over 30% from the end of 2011
I. Balance sheet items Rate of Causations
change
Notes receivable 56% Caused by increasing of bank acceptance notes received this period
Construction in process 42% Caused by increasing of construction in process this period
Project material -39% Caused by increasing of project material delivered
Intangible assets 146% Acquisition of land using rights by Bengang Stainless Steel Cool Rolling Dandong
Co., Ltd.
Short term loans 49% Increasing of short-term loans in the period
Notes payable -52% Decreasing of financing on notes in the period
Wage payable -44% Disbursing of compensation of dismissing of labor service contracts
Long-term loans -41% Maturing and repaying of long-term loans in the period
Other non-recurring 114% Acquisition of land using rights by Bengang Stainless Steel Cool Rolling Dandong
liabilities Co., Ltd.
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
* In the consolidated statements, main items which have changed by over 30% comparing with Jan-Sept 2011
II. Income Statement Items Ratio of Causations
change
Operation tax and surcharges 229% Increasing of VAT payable in the report period
Administration expenses -46% Routine maintainance and repairing expenses of final-product-related
equipment are transferred to manufacturing expense, therefore the
administration expenses were reduced.
Financial expenses 133% Loan balance increased from the same period of last year, and fluctuation of
exchange rates caused decrease of exchange gains.
Non-operational income 67% Gains from debt reorganizing and receiving of government subsidy
Non-operational expenditure 174% Increase of losses from disposal of non-current assets in the period
III. Cash Flow Statement Ratio of Causations
change
Tax refunding received -92% Decrease of tax refunding in the period
Taxes paid 77% Increase of VAT payable in the period
Cash paid for purchasing of fixed assets, -32% Decrease of cash paid for purchasing or building of fixed assets in the period
intangible assets, and other long-term
assets
(II) Progress, influences, and solutions of material events
1. Non-standard opinions
[] Applicable; [V] Not applicable
2. Providing of capital to the controlling shareholder or related parties, or illegal providing of external
guarantees
[] Applicable; [V] Not applicable
3. Engaging and executing of material contracts
[] Applicable; [V] Not applicable
4. Others
[V] Applicable; [] Not applicable
About the Companys private share issuing, we have received the “Acceptance of Executive Approval Application by China
Securities Regulatory Commission” on July 11, 2012. It is under processing.
(III) Commitment issues made by the Company or shareholders holding over 5% of the shares, in the
report period or carried down from previous period
[] Applicable; [V] Not applicable
(IV) Prediction of business performance for 2012
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
[] Applicable; [V] Not applicable
(V) Other material events to be presented
1. Securities investment
[] Applicable; [V] Not applicable
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
2. Investment in derivate instruments
[] Applicable; [V] Not applicable
3. Derivate instruments in stock
[] Applicable; [V] Not applicable
4 Reception of investigations, communications, or interviews
Main content
Time/date Place Way Type of visitors Visitors involved and
material provided
5. Issuing of corporation bonds
Are there any corporation bonds issued?
[] Yes [V] No
IV. Attachement
(I) Financial Statements
Consolidated or not?
[V] Yes [] No [] Not applicable
All figures in the financial statements are in RMB Yuan except for otherwise stated.
1. Consolidated Balance Sheet
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 2,476,467,649.91 3,242,956,479.92
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 4,542,062,854.08 2,913,462,068.17
Account receivable 390,439,168.40 412,780,417.60
Prepayment 450,314,712.44 485,521,776.66
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 123,500,584.85 145,298,185.06
Repurchasing of financial assets
Inventories 11,980,838,196.80 12,835,213,347.52
Non-current asset due in 1 year
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Other current asset 182,211,823.73 182,211,823.73
Total of current asset 20,145,834,990.21 20,217,444,098.66
Non-current assets
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 15,791,030.00 15,791,030.00
Investment real estates
Fixed assets 16,606,505,018.51 18,006,165,365.04
Construction in process 3,629,960,632.10 2,552,473,544.78
Engineering goods 16,636,950.37 27,153,422.75
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 111,915,438.48 45,467,574.08
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset 194,896,236.69 194,896,236.69
Other non-current asset
Total of non-current assets 20,575,705,306.15 20,841,947,173.34
Total of assets 40,721,540,296.36 41,059,391,272.00
Current liabilities
Short-term loans 8,248,623,600.00 5,547,330,913.46
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 1,020,049,879.58 2,108,397,418.85
Account payable 8,385,094,699.61 8,762,873,204.10
Prepayment received 2,779,982,704.32 2,849,478,230.64
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 68,607,828.69 122,199,995.18
Tax payable -145,330,831.56 -177,169,903.58
Interest payable
Dividend payable
Other account payable 649,012,993.54 657,094,343.99
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 1,967,475,600.00 1,877,329,600.00
Other current liability
Total of current liability 22,973,516,474.18 21,747,533,802.64
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Non-current liabilities
Long-term borrowings 2,171,135,454.52 3,660,798,190.04
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities 195,918,650.20 91,664,224.00
Total of non-current liabilities 2,367,054,104.72 3,752,462,414.04
Total of liability 25,340,570,578.90 25,499,996,216.68
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 3,136,000,000.00 3,136,000,000.00
Capital reserves 8,822,821,134.76 8,822,821,134.76
Less: Shares in stock
Special reserves 5,782,568.79
Surplus reserves 921,277,509.22 921,277,509.22
Common risk provision
Retained profit 2,460,812,266.29 2,644,615,857.28
Different of foreign currency translation
Total of owner’s equity belong to the parent company 15,346,693,479.06 15,524,714,501.26
Minor shareholders’ equity 34,276,238.40 34,680,554.06
Total of owners equity (or shareholders equity) 15,380,969,717.46 15,559,395,055.32
Total of liability and shareholders equity (or owners equity) 40,721,540,296.36 41,059,391,272.00
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
2. Balance Sheet of the Parent Company
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 2,255,082,687.43 3,079,794,798.31
Transactional financial assets
Notes receivable 4,384,791,727.90 2,808,960,449.26
Account receivable 831,718,923.02 854,060,172.22
Prepayment 450,314,712.44 455,603,803.10
Interest receivable
Dividend receivable
Other account receivable 273,905,600.08 288,951,337.36
Inventories 11,253,539,594.94 12,169,648,632.27
Non-current asset due in 1 year
Other current asset 182,211,823.73 182,211,823.73
Total of current asset 19,631,565,069.54 19,839,231,016.25
Non-current assets
Sellable financial asset
Expired investment in possess
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Long-term receivable
Long-term share equity investment 1,185,147,561.06 1,170,947,561.06
Investment real estates
Fixed assets 16,239,468,745.77 17,615,154,272.91
Construction in process 1,900,704,084.90 1,022,538,055.20
Engineering goods 16,636,950.37 27,153,422.75
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset 187,756,260.34 187,756,260.34
Other non-current asset
Total of non-current assets 19,529,713,602.44 20,023,549,572.26
Total of assets 39,161,278,671.98 39,862,780,588.51
Current liabilities
Short-term loans 8,214,619,000.00 5,524,891,500.00
Trade off financial liabilities
Notes payable 1,019,000,479.58 2,108,397,418.85
Account payable 8,420,924,773.35 9,006,471,355.70
Prepayment received 2,520,950,377.90 2,464,155,947.11
Employees’ wage payable 68,303,799.27 121,895,920.05
Tax payable 27,260,508.04 -3,475,896.14
Interest payable
Dividend payable
Other account payable 535,444,398.80 554,555,276.53
Non-current liability due in 1 year 1,967,475,600.00 1,877,329,600.00
Other current liability
Total of current liability 22,773,978,936.94 21,654,221,122.10
Non-current liabilities
Long-term borrowings 1,571,135,454.52 3,060,798,190.04
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities 107,464,224.00 77,604,224.00
Total of non-current liabilities 1,678,599,678.52 3,138,402,414.04
Total of liability 24,452,578,615.46 24,792,623,536.14
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 3,136,000,000.00 3,136,000,000.00
Capital reserves 8,822,821,134.76 8,822,821,134.76
Less: Shares in stock
Special reserves 5,782,568.79
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Surplus reserves 921,277,509.22 921,277,509.22
Common risk provision
Retained profit 1,822,818,843.75 2,190,058,408.39
Different of foreign currency translation
Total of owners equity (or shareholders equity) 14,708,700,056.52 15,070,157,052.37
Total of liability and shareholders equity (or owners equity) 39,161,278,671.98 39,862,780,588.51
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
3. Income Statement (Consolidated) of the Report Period
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 10,628,033,843.04 13,536,267,170.10
Incl. Business income 10,628,033,843.04 13,536,267,170.10
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 10,642,805,633.04 13,334,616,962.72
Incl. Business cost 9,923,125,282.01 12,387,157,493.02
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 45,255,092.57 31,170,912.78
Sales expense 169,708,529.82 140,098,322.02
Administrative expense 339,547,575.24 733,804,882.42
Financial expenses 165,169,153.40 42,385,352.48
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss)
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) -14,771,790.00 201,650,207.38
Plus: non-operational income 15,751,050.80 4,885,938.53
Less: non-operational expenditure 168,011.83
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 811,248.97 206,536,145.91
Less: Income tax expenses 16,314,437.08 22,323,912.98
V. Net profit (“-“ for net loss) -15,503,188.11 184,212,232.93
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company -15,384,898.68 184,274,544.05
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Minor shareholders’ equity -118,289.43 -62,311.12
VI. Earnings per share: -- --
(I) Basic earnings per share -0.005 0.06
(II) Diluted earnings per share -0.005 0.06
VII. Other misc. incomes
VIII. Total of misc. incomes -15,503,188.11 184,212,232.93
Total of misc. incomes attributable to the owners of the parent
-15,384,898.68 184,274,544.05
company
Total misc gains attributable to the minor shareholders -118,289.43 -62,311.12
If there are entities merged under common control, their net profit realized before th merger were totaled to RMB.
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
4. Income Statement (Parent Co.) of the Report Period
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 9,964,678,919.21 13,331,029,772.58
Less: Operation cost 9,375,232,860.23 12,320,560,846.36
Business tax and surcharge 44,127,125.01 30,061,541.94
Sales expense 127,818,373.75 108,943,474.31
Administrative expense 330,439,963.65 716,814,707.17
Financial expenses 165,400,708.39 42,677,289.37
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss)
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) -78,340,111.82 111,971,913.43
Plus: Non business income 15,592,498.50 4,054,538.73
Less: Non-business expenses 168,011.83
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -62,915,625.15 116,026,452.16
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -62,915,625.15 116,026,452.16
V. Earnings per share -- --
(I) Basic earnings per share -0.02 0.04
(II) Diluted earnings per share -0.02 0.04
VI. Other misc gains
VII. Total of integrated income -62,915,625.15 116,026,452.16
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
5. Income Statement (Consolidated) (Jan 1 – Sept. 30, 2012)
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
I. Total revenue 33,469,603,677.10 37,586,523,827.24
Incl. Business income 33,469,603,677.10 37,586,523,827.24
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 33,306,057,382.56 36,767,240,836.82
Incl. Business cost 31,117,489,217.22 33,960,617,494.29
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 113,590,565.81 34,478,135.13
Sales expense 444,263,576.79 389,770,399.81
Administrative expense 1,193,475,916.42 2,194,973,249.86
Financial expenses 437,238,106.32 187,401,557.73
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss)
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 163,546,294.54 819,282,990.42
Plus: non-operational income 26,210,275.29 15,732,513.01
Less: non-operational expenditure 312,188.49 113,900.00
Incl. Loss from disposal of non-current assets 23,320.38 159,434.52
IV. Gross profit (“-“ for loss) 189,444,381.34 834,901,603.43
Less: Income tax expenses 60,052,287.99 55,332,744.46
V. Net profit (“-“ for net loss) 129,392,093.35 779,568,858.97
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 129,796,409.01 779,730,654.32
Minor shareholders’ equity -404,315.66 -161,795.35
VI. Earnings per share: -- --
(I) Basic earnings per share 0.04 0.25
(II) Diluted earnings per share 0.04 0.25
VII. Other misc. incomes
VIII. Total of misc. incomes 129,392,093.35 779,568,858.97
Total of misc. incomes attributable to the owners of the parent
129,796,409.01 779,730,654.32
company
Total misc gains attributable to the minor shareholders -404,315.66 -161,795.35
If any entities merged in Jan-Sept 2012, the net profit realized by the merged parties before the merger was: RMB***
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
6. Income Statement (Parent Co.) (Jan 1 – Sept. 30, 2012)
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 31,613,854,832.19 36,801,760,335.75
Less: Operation cost 29,655,466,474.67 33,538,723,762.58
Business tax and surcharge 110,473,700.08 30,729,480.25
Sales expense 322,575,130.17 303,605,841.37
Administrative expense 1,166,267,972.55 2,146,243,671.82
Financial expenses 437,822,046.38 188,239,173.16
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss)
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) -78,750,491.66 594,218,406.57
Plus: Non business income 25,414,503.56 13,866,991.61
Less: Non-business expenses 303,576.54 113,900.00
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -53,639,564.64 607,971,498.18
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -53,639,564.64 607,971,498.18
V. Earnings per share -- --
(I) Basic earnings per share -0.02 0.19
(II) Diluted earnings per share -0.02 0.19
VI. Other misc gains
VII. Total of integrated income -53,639,564.64 607,971,498.18
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
7. Cash Flow Statement (Consolidated)(Jan 1 – Sept. 30, 2012)
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 23,274,489,878.97 24,897,261,405.93
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
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Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Tax returned 22,182,166.81 263,288,828.37
Other cash received from business operation 83,698,249.49 84,769,561.59
Sub-total of cash inflow from business activities 23,380,370,295.27 25,245,319,795.89
Cash paid for purchasing of merchandise and services 20,782,883,171.46 22,681,588,526.03
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 1,476,827,142.18 1,591,530,338.20
Taxes paid 665,554,994.03 376,889,278.34
Other cash paid for business activities 365,442,024.40 344,717,998.39
Sub-total of cash outflow from business activities 23,290,707,332.07 24,994,726,140.96
Cash flow generated by business operation, net 89,662,963.20 250,593,654.93
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit
Net cash retrieved from disposal of fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 0.00 0.00
Cash paid for construction of fixed assets, intangible assets and other
1,174,464,961.83 1,718,160,041.00
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 1,174,464,961.83 1,718,160,041.00
Net cash flow generated by investment -1,174,464,961.83 -1,718,160,041.00
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 6,844,879,270.00 6,436,465,331.31
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 6,844,879,270.00 6,436,465,331.31
Cash to repay debts 5,509,489,955.46 4,332,998,637.99
Cash paid as dividend, profit, or interests 737,986,244.15 664,064,355.70
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 6,247,476,199.61 4,997,062,993.69
Net cash flow generated by financing 597,403,070.39 1,439,402,337.62
IV. Influence of exchange rate alternation on cash and cash equivalents -7,655,288.92 -2,601,796.53
V. Net increase of cash and cash equivalents -495,054,217.16 -30,765,844.98
Plus: Balance of cash and cash equivalents at the beginning of term 2,720,189,256.61 1,475,045,148.55
VI. Balance of cash and cash equivalents at the end of term 2,225,135,039.45 1,444,279,303.57
13
Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
8. Cash Flow Statement (Parent Co.)(Jan 1 – Sept. 30, 2012)
Prepared by: Bengang Steel Plates Co., Ltd.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 22,513,283,036.21 23,968,731,098.19
Tax returned 17,944,000.00 262,014,465.00
Other cash received from business operation 64,638,187.30 65,659,144.48
Sub-total of cash inflow from business activities 22,595,865,223.51 24,296,404,707.67
Cash paid for purchasing of merchandise and services 20,302,460,943.95 21,981,588,526.03
Cash paid to staffs or paid for staffs 1,450,415,537.24 1,576,389,131.72
Taxes paid 583,195,637.73 264,390,376.16
Other cash paid for business activities 348,577,359.00 329,727,959.20
Sub-total of cash outflow from business activities 22,684,649,477.92 24,152,095,993.11
Cash flow generated by business operation, net -88,784,254.41 144,308,714.56
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit
Net cash retrieved from disposal of fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 0.00 0.00
Cash paid for construction of fixed assets, intangible assets and other
1,045,178,314.60 1,311,270,715.75
long-term assets
Cash paid as investment 14,200,000.00 220,000,000.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 1,059,378,314.60 1,531,270,715.75
Net cash flow generated by investment -1,059,378,314.60 -1,531,270,715.75
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 6,857,447,600.00 6,245,189,700.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 6,857,447,600.00 6,245,189,700.00
Cash to repay debts 5,536,489,955.46 4,268,787,791.68
Cash paid as dividend, profit, or interests 718,417,284.64 636,999,570.70
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 6,254,907,240.10 4,905,787,362.38
Net cash flow generated by financing 602,540,359.90 1,339,402,337.62
IV. Influence of exchange rate alternation on cash and cash equivalents -7,655,288.92 -2,601,796.53
V. Net increase of cash and cash equivalents -553,277,498.03 -50,161,460.10
Plus: Balance of cash and cash equivalents at the beginning of term 2,557,027,575.00 1,358,651,762.79
14
Bengang Steel Plate Co., Ltd. The 3rd Quarterly Report 2012
VI. Balance of cash and cash equivalents at the end of term 2,003,750,076.97 1,308,490,302.69
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
(II) Auditors’ Report
Auditors’ Opinion
Auditors Report
15
