Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Bengang Steel Plates Co., Ltd.
The 3rd Quarterly Report 2013
Oct 2013
1
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter 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 – Zhang Xiaofang, Chief Financial Officer – Mr. Cao Aimin, and Head of Accounting
Dept. – Mr. Wang Shaoyu hereby declare: the authenticity and integrality of the report are guaranteed.
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter II. Financial Highlights and Change of Shareholders
I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due to change of accounting policies
or correcting of accounting errors
[] Yes [V] No
Changed (%) over end of prev.
Ended this report term End of prev. year
year
Gross Assets (RMB) 38,791,104,885.05 38,326,373,659.17 1.21%
Net asset attributable to owners of
15,503,323,897.54 15,280,805,514.53 1.46%
the PLC
From beginning of Changed over the
Increase/decrease
This report term year to the end of same period of
(%)
report period previous year (%)
Turnover (RMB) 10,915,311,595.18 2.7% 33,429,211,975.94 -0.12%
Net profit attributable to
shareholders of the listed company 111,709,282.96 826.1% 279,193,285.69 115.1%
(yuan)
Net profit attributable to the
shareholders of the listed company
104,800,332.55 487.11% 259,794,869.45 135.38%
and after deducting of
non-recurring gain/loss(RMB)
Net Cash flow generated by
-- -- 91,938,034.13 2.54%
business operation (RMB)
Basic earnings per share
0.04 826.1% 0.09 125%
(Yuan/share)
Diluted earnings per share
0.04 826.1% 0.09 125%
(Yuan/share)
Weighted average net
0.72% 0.82% 1.81% 0.97%
income/asset ratio (%)
Non-recurring gain/loss items and amounts
[V] Applicable Not applicable
In RMB Yuan
Amount of the period from the
Items Remarks
beginning of year to the end of
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
report term
Gain/loss from disposal of non-current assets (includes the recovered part of asset
-3,122,325.60
impairment provision already provided)
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 3,696,041.75
national policy , or in accordance with fixed standards or quantities
Gain/loss from debt reorganization 16,392,728.18
Other non-business income and expenditures other than the above 8,898,110.66
Less: Influenced amount of income tax 6,466,138.75
Total 19,398,416.24 --
If the company defines those items to recurring gain/loss itmes, which were defined by “Regulations of Information Disclosure of
PLCs, Explaination No.1 - Non-recurring gain/loss” as non-recurring gain/loss, please provide reason here.
[] Applicable; [V] Not applicable
II. Total of shareholders and top-10 holders of current shares at end of period
in shares
Total shareholders at the end of the report
56,583
period
Top 10 Shareholders
Share Amount of Frozen or pledged
Properties of Amount of
Name of the shareholder proportion unconditional
shareholder shares Status of shares Amount
(%) shares held
State-owned
Benxi Steel (Group) Ltd. 82.07% 2,573,632,420 Restricted 154,062
legal person
GOVERNMENT OF
Overseas
SINGAPORE INV. CORP.- 0.89% 27,758,338
legal person
A/C "C"
GSIC A/C MONETARY
Overseas
AUTHORITY OF 0.34% 10,754,117
legal person
SINGAPORE
BBH A/C VANGUARD
Overseas
EMERGING MARKETS 0.26% 8,157,311
legal person
STOCK INDEX FUND
APS CHINA ALPHA Overseas
0.13% 4,057,501
FUND legal person
HSBC BROKING
Overseas
SECURITIES (ASIA) 0.14% 3,615,800
legal person
LIMITED-CLIENTS A/C
Overseas
SEUNG YEOL PARK natural 0.11% 3,434,495
person
LSV EMERGING
Overseas
MARKETS EQUITY 0.11% 3,385,700
legal person
FUND,L.P.
Domestic
Bao Xinfa natural 0.1% 3,201,704
person
Taifook Securities
Overseas
Company Limited-Account 0.1% 3,159,109
legal person
Client
Top 10 holders of unconditional shares
Category of shares
Name of the shareholder Amount of shares without trade limited conditions
Category of shares Amount
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
RMB common
Benxi Steel (Group) Ltd. 2,573,632,420 2,573,632,420
shares
Foreign shares
GOVERNMENT OF SINGAPORE INV.
27,758,338 placed in domestic 27,758,338
CORP.- A/C "C"
exchange
Foreign shares
GSIC A/C MONETARY AUTHORITY
10,754,117 placed in domestic 10,754,117
OF SINGAPORE
exchange
Foreign shares
BBH A/C VANGUARD EMERGING
8,157,311 placed in domestic 8,157,311
MARKETS STOCK INDEX FUND
exchange
Foreign shares
APS CHINA ALPHA FUND 4,057,501 placed in domestic 4,057,501
exchange
Foreign shares
HSBC BROKING SECURITIES (ASIA)
3,615,800 placed in domestic 3,615,800
LIMITED-CLIENTS A/C
exchange
Foreign shares
SEUNG YEOL PARK 3,434,495 placed in domestic 3,434,495
exchange
Foreign shares
LSV EMERGING MARKETS EQUITY
3,385,700 placed in domestic 3,385,700
FUND,L.P.
exchange
Foreign shares
Bao Xinfa 3,201,704 placed in domestic 3,201,704
exchange
Foreign shares
Taifook Securities Company
3,159,109 placed in domestic 3,159,109
Limited-Account Client
exchange
It is unknown to the Company whether there is any related connection or Action in
Notes to relationship or “action in
Concert as described by Rules of Information Disclosing Regarding Changing of
concert” among the top ten shareholders. Shareholding Status of Listed Companies existing among the above shareholders.
Particulars about shareholders take part in
financing and stock financing business (if None
any)
Was there any agreed repurchasing trade by shareholders in the report period
[] Yes [V] No
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
Material items in the consolidated financial statements which have changed by over 30% over that of at end of 2012, and the
causations.
I. Items in the balance sheet Changed Causations of change
by
Transactional financial assets 39.58% Financial products purchased were not due yet
Construction in process 43.14% Increase of unsettled accounts
Notes payable 124.49% Increase of engineering materials not delivered
Tax payable -749.84% Increase of VAT paid by the headquarter and VAT to be deducted by the subsidiaries
Interest payable -72.47% Mature of loan against L/C
Non-current liabilities due in 1 -32.59% Repayment of loans due in 1 year
year
Long-term loans -51.39% Mature of long-term loans transferred to non-current liabilities due in one year and
increase of repayment
Other non-current liabilities 44.48% Increase of subsidies on construction in progress
Special reserves 1942.36% Increase of safety expenses drawn but not used
Material items in the consolidated financial statements which have changed by over 30% over that of Jan-Sept 2012, and the
causations.
II. Items of income statement Changed Causations of change
by
Administration expenses -31.14% The social insurance fees of workshop workers were transferred to production
expense and costs
Financial expenses -31.82% Decrease of loan balance, change of exchange rate, and exchange gain/loss
increased
Investment gains Increase of financial product gains
Non-operational expenses 915.46% Increase of non-current asset disposal
Gain/loss of minority 493.65% Increase of loss of controlled subsidiaries
shareholders
III. Items of cash flow Changed Causations of change
statement by
Tax refund received 89.16% Increase of tax refund received
Tax paid 60.43% Increase of VAT paid
Cash inflow from investment Mature of financial products and increase of gains
Cash paid for investment Increase of financial products purchased
According to the proposal of using idle capital to purchase financial products adopted at the 18th meeting of the 5th term held on April
22, 2013, the Company purchased the Priority No.1 – the financial product of Industrial Bank of RMB600 million on September 3,
2013; and repurchased on September 6, and September 9, 2013 respectively with gains of RMB361,643.84. Thereafter, RMB212
million (Phase 43) and RMB62 million (Phase 44) of Double Win No.3 issued by Industrial and Commercial Bank, which were not
expired yet.
II. Analyze of significant issues and solutions
On June 29, 2012, the Company filed to CSRC for private issuing of shares. The expiration date authorized by the
shareholders meeting has been due. Taking account of the change of market, Anxin Securities Co., Ltd. (the sponsor) and the
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Company have decided not to extend the expiration date and had it terminated. (For details please find the announcement issued by
China Securities Journal dated June 15 2013 and www.cninfo.com.cn Announcement No. 2013-014) Anxin Securities Co., Ltd. (the
sponsor) and the Company have filed to CSRC to drawback the application of private issuing.
The Company received on July 25, 2013, the Notification of Termination of Executive Approving [2013]-314 issued by
CSRC. According to the regulations of Approving Procedures of CSRC (证监会［2009］第 66 号), the CSRC has decided to
terminate the approving investigation.
Summary of material issues Date of disclosure Index of provisional announcement
The Company received on July 25, 2013,
the Notification of Termination of
Executive Approving [2013]-314 issued by http://www.cninfo.com.cn, China
CSRC. According to the regulations of July 29, 2013 Securities Journal, Securities Times, and
Approving Procedures of CSRC (证监会 Hong Kong Commercial Daily.
［2009］第 66 号), the CSRC has decided
to terminate the approving investigation.
III. Prospection on the business performance of year 2013
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
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 3,144,000,179.17 3,620,975,109.53
Settlement provision
Outgoing call loan
Transactional financial assets 274,000,000.00
Notes receivable 3,343,056,125.13 2,942,033,786.43
Account receivable 248,144,876.25 285,077,905.13
Prepayment 499,703,687.19 646,868,304.90
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 193,357,936.55 223,531,628.08
Repurchasing of financial assets
Inventories 10,367,561,908.18 9,793,719,875.93
Non-current asset due in 1 year
Other current asset 182,211,823.73 182,211,823.73
Total of current asset 18,252,036,536.20 17,694,418,433.73
Non-current assets
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 15,914,835.63 15,914,835.63
Investment real estates
Fixed assets 15,704,888,979.89 17,109,088,074.16
Construction in process 4,621,957,250.80 3,311,253,843.64
Engineering goods 8,014,130.63 5,598,691.84
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 107,365,606.40 109,172,234.67
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset 80,927,545.50 80,927,545.50
Other non-current asset
Total of non-current assets 20,539,068,348.85 20,631,955,225.44
Total of assets 38,791,104,885.05 38,326,373,659.17
Current liabilities
Short-term loans 12,032,835,210.68 9,385,322,164.53
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 783,714,592.23 349,101,821.61
Account payable 4,641,146,056.52 5,376,244,858.97
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Advances received 2,693,346,392.38 2,916,409,742.49
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 76,981,322.35 69,133,733.89
Tax payable -184,970,034.12 28,463,783.22
Interest payable 2,486,342.77 9,030,341.06
Dividend payable
Other account payable 630,460,092.66 696,793,542.48
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 1,139,205,043.52 1,689,992,983.62
Other current liability
Total of current liability 21,815,205,018.99 20,520,492,971.87
Non-current liabilities
Long-term borrowings 1,094,248,769.13 2,250,862,074.74
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities 345,971,098.33 239,456,794.31
Total of non-current liabilities 1,440,219,867.46 2,490,318,869.05
Total of liability 23,255,424,886.45 23,010,811,840.92
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 6,356,322.13 311,224.81
Surplus reserves 934,045,040.35 934,045,040.35
Common risk provision
Retained profit 2,604,101,400.30 2,387,628,114.61
Different of foreign currency translation
Total of owner’s equity belong to the parent company 15,503,323,897.54 15,280,805,514.53
Minor shareholders’ equity 32,356,101.06 34,756,303.72
Total of owners equity (or shareholders equity) 15,535,679,998.60 15,315,561,818.25
Total of liability and shareholders equity (or owners equity) 38,791,104,885.05 38,326,373,659.17
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
2. Balance Sheet of the Parent Company
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 2,987,620,318.08 3,480,999,428.60
Transactional financial assets 274,000,000.00
Notes receivable 3,174,281,612.00 2,859,369,336.34
Account receivable 700,287,554.77 768,963,743.00
Prepayment 371,885,080.82 419,012,587.31
Interest receivable
Dividend receivable
Other account receivable 579,416,781.58 628,030,340.75
Inventories 9,552,604,009.62 8,864,691,520.27
Non-current asset due in 1 year
Other current asset 182,211,823.73 182,211,823.73
Total of current asset 17,822,307,180.60 17,203,278,780.00
Non-current assets
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity
1,885,147,561.06 1,185,147,561.06
investment
Investment real estates
Fixed assets 15,209,793,571.23 16,609,887,181.29
Construction in process 2,608,103,754.94 1,567,292,769.94
Engineering goods 8,014,130.63 5,598,691.84
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets
R&D expense
Goodwill
Long-term amortizable expenses
Deferred income tax asset 85,217,223.64 85,217,223.64
Other non-current asset
Total of non-current assets 19,796,276,241.50 19,453,143,427.77
Total of assets 37,618,583,422.10 36,656,422,207.77
Current liabilities
Short-term loans 11,947,994,513.56 9,333,587,000.00
Transactional financial liabilities
Notes payable 781,283,792.23 347,757,821.61
Account payable 5,081,422,811.90 5,524,697,173.86
Advances received 2,489,988,036.42 2,330,367,617.99
Employees’ wage payable 76,476,219.22 68,525,517.05
Tax payable 14,063,255.31 206,885,819.95
Interest payable 7,986,111.11
Dividend payable
Other account payable 396,943,590.17 457,426,075.41
Non-current liability due in 1 year 1,139,205,043.52 1,689,992,983.62
Other current liability
Total of current liability 21,927,377,262.33 19,967,226,120.60
Non-current liabilities
Long-term borrowings 494,248,769.13 1,650,862,074.74
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability
Other non-recurring liabilities 260,685,820.40 153,790,424.00
Total of non-current liabilities 754,934,589.53 1,804,652,498.74
Total of liability 22,682,311,851.86 21,771,878,619.34
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 6,356,322.13 311,224.81
Surplus reserves 934,045,040.35 934,045,040.35
Common risk provision
Retained profit 2,037,049,073.00 1,991,366,188.51
Different of foreign currency
translation
Total of owners equity (or
14,936,271,570.24 14,884,543,588.43
shareholders equity)
Total of liability and shareholders
37,618,583,422.10 36,656,422,207.77
equity (or owners equity)
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
3. Income Statement (Consolidated) of the Report Period
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 10,915,311,595.18 10,628,033,843.04
Incl. Business income 10,915,311,595.18 10,628,033,843.04
II. Total business cost 10,784,135,039.26 10,642,805,633.04
Incl. Business cost 10,225,405,397.24 9,923,125,282.01
Business tax and surcharge 36,044,107.73 45,255,092.57
Sales expense 177,594,298.60 169,708,529.82
Administrative expense 236,350,705.74 339,547,575.24
Financial expenses 108,740,529.95 165,169,153.40
Investment gains (“-“ for loss) 2,389,041.11
III. Operational profit (“-“ for loss) 133,565,597.03 -14,771,790.00
Plus: non-operational income 9,211,933.88 15,751,050.80
Less: non-operational expenditure 168,011.83
Incl. Loss from disposal of non-current assets -46,275.96 117,539.24
IV. Gross profit (“-“ for loss) 142,777,530.91 811,248.97
Less: Income tax expenses 32,119,805.48 16,314,437.08
V. Net profit (“-“ for net loss) 110,657,725.43 -15,503,188.11
Net profit attributable to the owners of parent company 111,709,282.96 -15,384,898.68
Minor shareholders’ equity -1,051,557.53 -118,289.43
VI. Earnings per share: -- --
(I) Basic earnings per share 0.04 -0.005
(II) Diluted earnings per share 0.04 -0.005
VIII. Total of misc. incomes 110,657,725.43 -15,503,188.11
Total of misc. incomes attributable to the owners of the parent
111,709,282.96 -15,384,898.68
company
Total misc gains attributable to the minor shareholders -1,051,557.53 -118,289.43
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
4. Income Statement (Parent Co.) of the Report Period
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 10,289,406,443.58 9,964,678,919.21
Less: Operation cost 9,734,702,854.61 9,375,232,860.23
Business tax and surcharge 33,592,132.44 44,127,125.01
Sales expense 138,957,955.97 127,818,373.75
Administrative expense 228,832,453.60 330,439,963.65
Financial expenses 107,505,302.95 165,400,708.39
Investment gains (“-“ for loss) 2,389,041.11
II. Operational profit (“-“ for loss) 48,204,785.12 -78,340,111.82
Plus: Non business income 8,764,688.58 15,592,498.50
Less: Non-business expenses 168,011.83
III. Total profit (“-“ for loss) 56,969,473.70 -62,915,625.15
Less: Income tax expenses 2,996,831.22
IV. Net profit (“-“ for net loss) 53,972,642.48 -62,915,625.15
V. Earnings per share -- --
(I) Basic earnings per share 0.02 -0.02
(II) Diluted earnings per share 0.02 -0.02
VII. Total of integrated income 53,972,642.48 -62,915,625.15
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
5. Income Statement (Consolidated) (Jan 1 – Sept. 30, 2013)
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 33,429,211,975.94 33,469,603,677.10
Incl. Business income 33,429,211,975.94 33,469,603,677.10
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 33,118,288,619.54 33,306,057,382.56
Incl. Business cost 31,403,228,315.91 31,117,489,217.22
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 103,849,023.72 113,590,565.81
Sales expense 491,236,226.21 444,263,576.79
Administrative expense 821,884,177.22 1,193,475,916.42
Financial expenses 298,090,876.48 437,238,106.32
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,389,041.11
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 313,312,397.51 163,546,294.54
Plus: non-operational income 29,034,702.08 26,210,275.29
Less: non-operational expenditure 3,170,147.09 312,188.49
Incl. Loss from disposal of non-current assets 3,122,325.60 23,320.38
IV. Gross profit (“-“ for loss) 339,176,952.50 189,444,381.34
Less: Income tax expenses 62,383,869.47 60,052,287.99
V. Net profit (“-“ for net loss) 276,793,083.03 129,392,093.35
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 279,193,285.69 129,796,409.01
Minor shareholders’ equity -2,400,202.66 -404,315.66
VI. Earnings per share: -- --
(I) Basic earnings per share 0.09 0.04
(II) Diluted earnings per share 0.09 0.04
VII. Other misc. incomes
VIII. Total of misc. incomes 276,793,083.03 129,392,093.35
Total of misc. incomes attributable to the owners of the parent
279,193,285.69 129,796,409.01
company
Total misc gains attributable to the minor shareholders -2,400,202.66 -404,315.66
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
6. Income Statement (Parent Co.) (Jan 1 – Sept. 30, 2013)
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 31,917,550,081.19 31,613,854,832.19
Less: Operation cost 30,260,572,143.55 29,655,466,474.67
Business tax and surcharge 98,786,355.13 110,473,700.08
Sales expense 379,931,341.91 322,575,130.17
Administrative expense 799,588,811.76 1,166,267,972.55
Financial expenses 294,731,968.16 437,822,046.38
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,389,041.11
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 86,328,501.79 -78,750,491.66
Plus: Non business income 25,244,529.79 25,414,503.56
Less: Non-business expenses 3,170,147.09 303,576.54
Incl. Loss from disposal of non-current assets 3,151,748.68 18,885.77
III. Total profit (“-“ for loss) 108,402,884.49 -53,639,564.64
Less: Income tax expenses
IV. Net profit (“-“ for net loss) 108,402,884.49 -53,639,564.64
V. Earnings per share -- --
(I) Basic earnings per share 0.03 -0.02
(II) Diluted earnings per share 0.03 -0.02
VI. Other misc gains
VII. Total of integrated income 108,402,884.49 -53,639,564.64
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
7. Cash Flow Statement (Consolidated)(Jan 1 – Sept. 30, 2013)
Bengang Steel Plate Co., Ltd.
In RMB Yuan
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 25,039,070,989.75 23,274,489,878.97
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
Tax returned 41,960,825.09 22,182,166.81
Other cash received from business operation 106,895,396.40 83,698,249.49
Sub-total of cash inflow from business activities 25,187,927,211.24 23,380,370,295.27
Cash paid for purchasing of merchandise and services 22,214,931,493.87 20,782,883,171.46
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 1,509,394,053.22 1,476,827,142.18
Taxes paid 1,067,753,864.07 665,554,994.03
Other cash paid for business activities 303,909,765.95 365,442,024.40
Sub-total of cash outflow from business activities 25,095,989,177.11 23,290,707,332.07
Cash flow generated by business operation, net 91,938,034.13 89,662,963.20
II. Cash flow generated by investing
Cash received from investment retrieving 1,400,000,000.00
Cash received as investment profit 2,389,041.11
Net cash retrieved from disposal of fixed assets, intangible assets, and
19,590.00
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 1,402,408,631.11
Cash paid for construction of fixed assets, intangible assets and other
1,046,720,784.78 1,174,464,961.83
long-term assets
Cash paid as investment 1,674,000,000.00
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 2,720,720,784.78 1,174,464,961.83
Net cash flow generated by investment -1,318,312,153.67 -1,174,464,961.83
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 7,138,929,600.00 6,844,879,270.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 7,138,929,600.00 6,844,879,270.00
Cash to repay debts 5,883,133,885.85 5,509,489,955.46
Cash paid as dividend, profit, or interests 539,857,889.28 737,986,244.15
Incl. Dividend and profit paid by subsidiaries to minor shareholders
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 6,422,991,775.13 6,247,476,199.61
Net cash flow generated by financing 715,937,824.87 597,403,070.39
IV. Influence of exchange rate alternation on cash and cash equivalents -2,322,928.13 -7,655,288.92
V. Net increase of cash and cash equivalents -512,759,222.80 -495,054,217.16
Plus: Balance of cash and cash equivalents at the beginning of term 3,540,908,609.39 2,720,189,256.61
VI. Balance of cash and cash equivalents at the end of term 3,028,149,386.59 2,225,135,039.45
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
8. Cash Flow Statement (Parent Co.)(Jan 1 – Sept. 30, 2013)
Bengang Steel Plate Co., Ltd.
In RMB Yuan
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 24,688,103,274.13 22,513,283,036.21
Tax returned 38,100,101.38 17,944,000.00
Other cash received from business operation 106,895,396.40 64,638,187.30
Sub-total of cash inflow from business activities 24,833,098,771.91 22,595,865,223.51
Cash paid for purchasing of merchandise and services 22,167,017,324.25 20,302,460,943.95
Cash paid to staffs or paid for staffs 1,485,650,947.92 1,450,415,537.24
Taxes paid 956,556,838.35 583,195,637.73
Other cash paid for business activities 293,178,611.61 348,577,359.00
Sub-total of cash outflow from business activities 24,902,403,722.13 22,684,649,477.92
Cash flow generated by business operation, net -69,304,950.22 -88,784,254.41
II. Cash flow generated by investing
Cash received from investment retrieving 1,400,000,000.00
Cash received as investment profit 2,389,041.11
Net cash retrieved from disposal of fixed assets, intangible assets, and
19,590.00
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 1,402,408,631.11
Cash paid for construction of fixed assets, intangible assets and other
963,710,102.72 1,045,178,314.60
long-term assets
Cash paid as investment 1,674,000,000.00 14,200,000.00
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,637,710,102.72 1,059,378,314.60
Net cash flow generated by investment -1,235,301,471.61 -1,059,378,314.60
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 7,138,929,600.00 6,857,447,600.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 7,138,929,600.00 6,857,447,600.00
Cash to repay debts 5,824,050,663.36 5,536,489,955.46
Cash paid as dividend, profit, or interests 538,456,989.64 718,417,284.64
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 6,362,507,653.00 6,254,907,240.10
Net cash flow generated by financing 776,421,947.00 602,540,359.90
IV. Influence of exchange rate alternation on cash and cash equivalents -2,322,928.13 -7,655,288.92
V. Net increase of cash and cash equivalents -530,507,402.96 -553,277,498.03
Plus: Balance of cash and cash equivalents at the beginning of term 3,402,276,928.46 2,557,027,575.00
VI. Balance of cash and cash equivalents at the end of term 2,871,769,525.50 2,003,750,076.97
Legal representative: Zhang Xiaofang CFO: Cao Aimin Accounting Manager: Wang Shaoyu
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Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
II. Auditors’ Report
If the 3rd quarterly report been audited
[] Yes [V] No
The 3rd quarterly report has not been audited.
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