The 3rd Quarterly Report 2016
Bengang Steel Plates Co., Ltd.
The 3rd Quarterly Report 2016
October 2016
1
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.
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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
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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 0
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
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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
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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
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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
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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
profit -92% Mainly due to current purchase of financial products decreased
Net cash retrieved from
disposal of fixed assets,
intangible assets, and other Net cash retrieved from disposal of fixed assets, intangible
long-term assets -33% assets, and other long-term assets
Cash paid for purchasing or
construction of fixed assets,
intangible assets, and other Mainly due to cash paid for acquisition and construction of
long-term assets -49% fixed assets decreased
Cash paid as investment -67% Mainly due to current purchase of financial products decreased
II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
□ Applicable √Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
Non-existence
IV. Prospect on business performance of 2016
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 √Not applicable
V. Securities investment
□ Applicable √Not applicable
Non-existence
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The 3rd Quarterly Report 2016
VI. Investment in derivatives
√Applicable□ Not applicable
In RMB0000
Ratio of
investm
Amount ent
of amount
Amount
Investm Amount reserve Investm at
purchas
Whether ent sold for ent period-e Actual
Related Initial ed
related Start End amount during devaluat amount nd in gains/lo
Name relations Type investm during
trade or date date at the ion of at net sses in
hip ent the
not period-b reportin withdra period-e assets of period
reportin
egin g period wing(if nd the
g period
applicab compan
le) y at
period-e
nd
The Hot
Bengang 1,214.0 June August 1,214.0 1,204.7 1,219.3
compan No rolled 0 0.00% 14.56
Bancai 4 30,2016 15,2016 4 9 5
y futures
1,214.0 1,214.0 1,204.7 1,219.3
Total -- -- 0 0.00% 14.56
4 4 9 5
Capital resource Self-owned capital
Lawsuits (if applicable) Not applicable
Disclosure date for approval from the
Board for investment of derivatives (if May 27,2016
applicable)
Disclosure date for approval from
board of shareholders for investment of May 27,2016
derivatives (if applicable)
Adjust the rolling stock is hedging, the use of rolling line surplus capacity, while in the sprea
d of the cost of the spread of futures-based tool to lock the way the price of rolling profits. Th
Venture analysis and explanation on
e Company formulated the Measures for the Administration of Futures of Bengang Steel Plat
control measures for derivatives
es Co., Ltd. and the Detailed Rules for the Implementation of Futures Business of Bengang S
holding in Period (including but not
teel Plate Co., Ltd., and carried out full assessment and market control on the risks of futures
limited to market risk, liquidity risk,
investment and positions. 1. Business scale control in the procurement and sales targets withi
credit risks, operational risk and legal
n 20%. 2. The maximum margin for hedging of the Company was RMB 200 million. 3. To d
risk etc.)
evelop futures trading program, the program of possible legal risks, operational risk, market r
isk, a full assessment and the development of effective control measures.
Particular about the changes of market
The fair value is determined in order to be active in the market.
price or products fair value of invested
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The 3rd Quarterly Report 2016
derivatives in Period; as for analysis of
the fair value of derivatives, disclosed
specific treatment methods and relevant
hypothesis and parameter setting
Explanation on major changes on
specific principle of accounting policy
and accounting calculation for No significant change occurred.
derivatives in Period, by comparing
with last period
In order to develop the futures business, the Company formulated the Measures for the
Administration of Futures of Bengang Steel Plate Co., Ltd., and clarified the relevant systems
and business operation modes such as the organizational structure, business processes, risk
Specific opinions from independent control and other relevant laws and regulations. The relevant provisions, to carry out futures
directs on derivative investment and business. Is conducive to the company to reduce operational risks, to adapt to the fierce
risk controlling market competition, to achieve transition across development. The maximum amount and
trading variety of futures trading margin determined by the Company is reasonable and does
not affect the normal production and operation of the Company and does not harm the
interests of the Company and all shareholders.
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
□ Applicable √Not applicable
Not applicable
VIII. Outward Guarantee against the Regulations
□ Applicable √Not applicable
Not applicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
□ Applicable √Not applicable
Non-existence
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Bengang Steel Plate Co., Ltd.
In RMB
Items At the end of term Beginning of term
Current asset：
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The 3rd Quarterly Report 2016
Monetary fund 8,837,200,495.24 5,140,480,509.97
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 1,982,687,604.81 2,449,682,561.16
Account receivable 396,484,752.46 488,584,624.72
Prepayments 587,671,911.37 569,851,950.69
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 2,757,392.36 3,524,615.12
Dividend receivable
Other account receivable 130,796,204.04 151,668,877.26
Repurchasing of financial assets
Inventories 9,173,967,475.70 8,601,734,442.42
Assets held for sales
Non-current asset due in 1 year
Other current asset 496,400,218.03 431,360,541.21
Total of current assets 21,607,966,054.01 17,836,888,122.55
Non-current assets：
Loans and payment on others behalf
disbursed
Disposable financial asset 29,271,278.63 20,271,278.63
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment
Fixed assets 18,677,831,035.77 20,046,254,726.74
Construction in progress 7,482,466,195.81 5,646,624,293.27
Engineering material 7,783,368.08 4,152,880.79
Fixed asset disposal
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The 3rd Quarterly Report 2016
Production physical assets
Gas & petrol
Intangible assets 261,066,619.69 265,520,912.57
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 333,408,230.50 641,931,130.78
Other non-current asset
Total of non-current assets 26,791,826,728.48 26,624,755,222.78
Total of assets 48,399,792,782.49 44,461,643,345.33
Current liabilities
Short-term loans 17,996,104,679.48 18,139,885,596.60
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable 1,649,373,536.92 2,110,511,950.79
Account payable 6,750,098,621.14 5,015,900,664.47
Advance payment 2,491,601,797.55 1,815,443,452.05
Selling of repurchased financial assets
Fees and commissions receivable
Employees wage payable 43,663,359.32 36,455,143.76
Tax payable 34,996,724.63 45,194,528.35
Interest payable 51,966,411.45 70,958,686.96
Dividend payable
Other account payable 400,908,041.06 444,734,704.90
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 716,529,894.11 1,434,004,649.14
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The 3rd Quarterly Report 2016
Other current liability
Total of current liability 30,135,243,065.66 29,113,089,377.02
Non-current liabilities：
Long-term loan 3,314,345,410.90 1,005,919,974.09
Bond payable 1,493,242,002.32 1,490,352,572.75
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employeess
remuneration
Special payable
Expected liabilities
Deferred income 397,755,000.00 413,188,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 5,205,342,413.22 2,909,460,546.84
Total of liability 35,340,585,478.88 32,022,549,923.86
Owners equity
Share capital 3,136,000,000.00 3,136,000,000.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 9,114,845,542.05 9,114,845,542.05
Less：Shares in stock
Other comprehensive income
Special reserves 2,847,091.66 393,372.05
Surplus reserves 961,105,529.85 961,105,529.85
Common risk provision
Undistributed profit -703,628,498.41 -1,278,244,071.93
Total of owners equity belong to the
12,511,169,665.15 11,934,100,372.02
parent company
Minority shareholders equity 548,037,638.46 504,993,049.45
Total of owners equity 13,059,207,303.61 12,439,093,421.47
Total of liabilities and owners equity 48,399,792,782.49 44,461,643,345.33
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The 3rd Quarterly Report 2016
Legal representative: Zhao Zhongmin CFO: Han Ge Accounting Manager: Wang Shaoyu
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 8,625,268,737.20 4,921,089,319.57
Financial assets measured at fair value with
variations accounted into current income
account
Derivative financial assets
Bill receivable 1,811,291,700.84 2,298,691,410.40
Account receivable 351,150,711.09 449,193,422.02
Prepayments 561,344,559.89 549,553,039.03
Interest receivable 2,757,392.36 3,524,615.12
Dividend receivable
Other account receivable 183,445,270.70 229,428,159.94
Inventories 7,832,812,091.48 7,452,873,949.34
Assets held for sales
Non-current asset due in 1 year
Other current asset 454,211,823.73 387,259,423.54
Total of current assets 19,822,282,287.29 16,291,613,338.96
Non-current assets：
Disposable financial asset 27,303,673.00 18,303,673.00
Expired investment in possess
Long-term receivable
Long term share equity investment 1,700,981,902.16 1,700,981,902.16
Property investment
Fixed assets 16,065,400,027.42 17,179,043,906.45
Construction in progress 7,475,756,417.87 5,646,077,292.11
Engineering material 4,134,137.31 4,134,138.91
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 156,214,986.86 158,694,589.82
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The 3rd Quarterly Report 2016
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 253,920,925.18 562,072,018.42
Other non-current asset
Total of non-current assets 25,683,712,069.80 25,269,307,520.87
Total of assets 45,505,994,357.09 41,560,920,859.83
Current liabilities
Short-term loans 16,513,375,400.00 16,798,213,600.00
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable 1,549,373,536.92 1,651,808,822.92
Account payable 7,363,633,771.16 5,263,012,477.37
Advance payment 2,169,330,643.26 1,957,484,054.73
Employees wage payable 43,208,135.74 34,194,188.88
Tax payable 20,228,840.93 9,986,022.56
Interest payable 50,722,321.13 70,113,698.63
Dividend payable
Other account payable 330,404,702.20 324,906,037.82
Classified as held for sale debt
Non-current liability due in 1 year 716,529,894.11 1,434,004,649.14
Other current liability
Total of current liability 28,756,807,245.45 27,543,723,552.05
Non-current liabilities：
Long-term loan 3,314,345,410.90 1,005,919,974.09
Bond payable 1,493,242,002.32 1,490,352,572.75
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income 397,755,000.00 413,188,000.00
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The 3rd Quarterly Report 2016
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 5,205,342,413.22 2,909,460,546.84
Total of liability 33,962,149,658.67 30,453,184,098.89
Owners equity
Share capital 3,136,000,000.00 3,136,000,000.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 8,694,693,859.93 8,694,693,859.93
Less：Shares in stock
Other comprehensive income
Special reserves 2,847,091.66 393,372.05
Surplus reserves 961,105,529.85 961,105,529.85
Undistributed profit -1,250,801,783.02 -1,684,456,000.89
Total of owners equity 11,543,844,698.42 11,107,736,760.94
Total of liabilities and owners equity 45,505,994,357.09 41,560,920,859.83
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 7,352,413,667.74 5,018,448,900.24
Incl：Business income 7,352,413,667.74 5,018,448,900.24
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 6,782,057,523.51 4,999,089,186.11
Incl：Business cost 6,125,972,410.63 3,985,783,772.69
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
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The 3rd Quarterly Report 2016
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 27,088,709.48 7,762,405.33
Sales expense 219,452,625.67 249,532,039.19
Administrative expense 200,432,767.91 191,518,290.30
Financial expenses 209,946,899.42 553,412,238.77
Asset impairment loss -835,889.60 11,080,439.83
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 569,498.63 642,273.97
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 570,925,642.86 20,001,988.10
Add：Non-business income 15,234,307.48 12,553,902.85
Incl：Gains from disposal of
2,475,142.83 4,227,427.11
non-current assets
Less：Non business expenses 93,793.74
Incl：Loss from disposal of
93,793.74
non-current assets
IV.Total profit(“-”for loss) 586,159,950.34 32,462,097.21
Less：Income tax expenses 174,795,525.68 3,090,980.55
V. Net profit（“-”for net loss 411,364,424.66 29,371,116.66
Net profit attributable to the owners of
392,077,397.20 35,104,914.65
parent company
Minority shareholders equity 19,287,027.46 -5,733,797.99
VI. Net after-tax of Other
comprehensive income
Net after-tax
of other comprehensive income attribut
able to owners of the parent company.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
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The 3rd Quarterly Report 2016
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders
equity
VII. Total comprehensive income 411,364,424.66 29,371,116.66
Total comprehensive income
attributable to the owner of the parent 392,077,397.20 35,104,914.65
company
Total comprehensive income
19,287,027.46 -5,733,797.99
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.13 0.01
(II)Diluted earnings per share 0.13 0.01
If there are entities merged under common control, their net profit realized before the merger were totaled to RMB***. While it was
RMB*** previous period.
Legal representative: Zhao Zhongmin CFO: Han Ge Accounting Manager: Wang Shaoyu
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The 3rd Quarterly Report 2016
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 7,541,752,295.18 5,727,345,071.98
Less：Business cost 6,506,196,116.23 4,747,476,098.85
Business tax and surcharge 24,375,185.52 31,262.08
Sales expense 155,519,980.97 213,430,476.87
Administrative expense 185,740,284.28 177,809,001.92
Financial expenses 195,326,877.96 534,681,668.91
Asset impairment loss -368,932.75 9,186,144.81
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 569,498.63 642,273.97
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） 475,532,281.60 45,372,692.51
Add ：Non-operational income 15,117,388.95 12,437,296.73
Including：Income from disposal of
2,406,422.22 4,227,427.11
non-current assets
Less：Non business expenses 8,686.75
Incl：Loss from disposal of non-current
8,686.75
assets
III.Total profit(“-”for loss) 490,649,670.55 57,801,302.49
Less：Income tax expenses 170,060,434.17 -78,683.79
IV. Net profit（“-”for net loss） 320,589,236.38 57,879,986.28
V.Net of profit of other comprehensive i
ncome
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
19
The 3rd Quarterly Report 2016
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income 320,589,236.38 57,879,986.28
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Total operating income 19,981,998,237.09 21,363,364,061.42
Including：Operating income 19,981,998,237.09 21,363,364,061.42
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 19,089,375,328.26 21,229,584,863.99
Including：Operating cost 17,040,154,712.67 18,887,333,123.26
Interest expense
Commission chare and commission
expense
Insurance discharge
20
The 3rd Quarterly Report 2016
payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and
53,421,604.24 38,872,932.66
surcharge
Sales expense 649,513,688.81 727,881,318.33
Administrative expense 552,387,486.39 569,109,337.75
Financial expenses 796,614,724.61 944,811,866.14
Asset impairment loss -2,716,888.46 61,576,285.85
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 569,498.63 7,226,589.08
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss 893,192,407.46 141,005,786.51
Add：Non-business income 39,430,977.03 54,776,907.31
Incl：Gains from disposal of
4,595,601.72 7,155,188.26
non-current assets
Less：Non business expenses 105,474.99 20,755,118.94
Incl：Loss from disposal of
105,474.99 20,755,118.94
non-current assets
IV.Total profit(“-”for loss) 932,517,909.50 175,027,574.88
Less：Income tax expenses 314,857,746.97 671,775.63
V. Net profit（“-”for net loss 617,660,162.53 174,355,799.25
Net profit attributable to the owners of
574,615,573.52 163,112,050.91
parent company
Minority shareholders equity 43,044,589.01 11,243,748.34
VI. Net after-tax of Other
comprehensive income
Net after-tax
of other comprehensive income attribut
able to owners of the parent company.
21
The 3rd Quarterly Report 2016
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders
equity
VII. Total comprehensive income 617,660,162.53 174,355,799.25
Total comprehensive income
attributable to the owner of the parent 574,615,573.52 163,112,050.91
company
Total comprehensive income
43,044,589.01 11,243,748.34
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.18 0.05
(II)Diluted earnings per share 0.18 0.05
If there are entities merged under common control, their net profit realized before the merger were totaled to RMB***. While it was
22
The 3rd Quarterly Report 2016
RMB*** previous period.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Business income 20,727,140,742.37 22,946,968,744.42
Less：Business cost 18,236,082,900.44 20,822,808,789.04
Business tax and surcharge 39,015,159.45 25,377,987.04
Sales expense 507,779,490.30 602,563,831.95
Administrative expense 507,214,377.27 525,469,968.99
Financial expenses 750,350,717.43 881,677,591.95
Asset impairment loss -2,249,931.61 39,545,707.32
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 14,282,827.08 7,226,589.08
Incl: investment gains from affiliates
II. Operational profit 703,230,856.17 56,751,457.21
Add：Non-business income 38,679,929.93 52,028,094.80
Incl：Gains from disposal of
4,456,927.98 5,442,429.49
non-current assets
Less：Non business expenses 105,474.99 20,670,011.95
Incl：Loss from disposal of non-current
105,474.99 20,670,011.95
assets
III.Total profit 741,805,311.11 88,109,540.06
Less：Income tax expenses 308,151,093.24 -13,971,400.19
IV. Net profit 433,654,217.87 102,080,940.25
V. Net after-tax of Other comprehensive
income
Net after –tax
of profit of other comprehensive incom
e attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
23
The 3rd Quarterly Report 2016
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other 433,654,217.87 102,080,940.25
V. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
16,580,702,769.37 16,266,245,235.29
rending of services
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
24
The 3rd Quarterly Report 2016
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of the financial assets that
are measured at fair value and whose
movement is counted to the current gain
and loss
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 353,037,007.15 662,521,114.16
Other cash received from business
84,677,742.77 91,668,231.59
operation
Sub-total of cash inflow 17,018,417,519.29 17,020,434,581.04
Cash paid for purchasing of
11,511,671,889.04 16,366,576,026.70
merchandise and services
Net increase of client trade and advance
Net increase of savings n 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 1,247,371,996.56 1,382,466,323.65
Taxes paid 273,035,353.99 304,290,794.39
Other cash paid for business activities 339,714,850.94 367,215,382.23
Sub-total of cash outflow from business
13,371,794,090.53 18,420,548,526.97
activities
Cash flow generated by business
3,646,623,428.76 -1,400,113,945.93
operation, net
II.Cash flow generated by investing
Cash received from investment
300,000,000.00 1,747,000,000.00
retrieving
Cash received as investment gains 569,498.63 7,226,589.08
Net cash retrieved from disposal of 4,296,555.00 6,407,771.07
25
The 3rd Quarterly Report 2016
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
304,866,053.63 1,760,634,360.15
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 1,016,048,866.75 1,976,666,364.11
long-term assets
Cash paid as investment 572,000,000.00 1,747,000,000.00
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
1,588,048,866.75 3,723,666,364.11
investment activities
Net cash flow generated by investment -1,283,182,813.12 -1,963,032,003.96
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 12,925,514,125.63 10,227,293,035.82
Cash received from bond placing
Other financing –related ash received 210,000,000.00
Sub-total of cash inflow from financing
13,135,514,125.63 10,227,293,035.82
activities
Cash to repay debts 11,692,619,787.29 11,714,835,352.66
Cash paid as dividend, profit, or
737,477,171.35 1,031,281,578.31
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to
12,430,096,958.64 12,746,116,930.97
financing activities
Net cash flow generated by financing 705,417,166.99 -2,518,823,895.15
26
The 3rd Quarterly Report 2016
IV. Influence of exchange rate
39,845,240.81 49,806,775.81
alternation on cash and cash equivalents
V.Net increase of cash and cash
3,108,703,023.44 -5,832,163,069.23
equivalents
Add: balance of cash and cash
4,612,782,772.98 9,327,034,030.07
equivalents at the beginning of term
VI ..Balance of cash and cash
7,721,485,796.42 3,494,870,960.84
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
17,325,991,437.46 17,125,620,967.15
rending of services
Tax returned 343,392,974.16 580,257,065.94
Other cash received from business
76,149,013.82 84,989,052.66
operation
Sub-total of cash inflow 17,745,533,425.44 17,790,867,085.75
Cash paid for purchasing of
12,379,218,031.50 18,818,738,975.87
merchandise and services
Cash paid to staffs or paid for staffs 1,181,632,960.47 1,314,515,875.18
Taxes paid 146,872,420.32 164,895,584.21
Other cash paid for business activities 295,590,912.91 304,105,155.51
Sub-total of cash outflow from business
14,003,314,325.20 20,602,255,590.77
activities
Cash flow generated by business
3,742,219,100.24 -2,811,388,505.02
operation, net
II.Cash flow generated by investing
Cash received from investment
300,000,000.00 1,747,000,000.00
retrieving
Cash received as investment gains 569,498.63 7,226,589.08
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 4,107,574.00 6,367,771.07
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
27
The 3rd Quarterly Report 2016
Other investment-related cash received
Sub-total of cash inflow due to
304,677,072.63 1,760,594,360.15
investment activities
Cash paid for construction of
fixed assets, intangible assets 996,101,897.66 1,959,576,291.15
and other long-term assets
Cash paid as investment 572,000,000.00 1,747,000,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
1,568,101,897.66 3,706,576,291.15
investment activities
Net cash flow generated by investment -1,263,424,825.03 -1,945,981,931.00
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 11,862,514,125.63 9,644,293,035.82
Cash received from bond placing
Other financing –related ash received 210,000,000.00
Sub-total of cash inflow from
12,072,514,125.63 9,644,293,035.82
financing activities
Cash to repay debts 10,841,064,067.53 9,792,163,833.61
Cash paid as dividend, profit, or
691,202,152.71 967,566,960.75
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
11,532,266,220.24 10,759,730,794.36
financing activities
Net cash flow generated by financing 540,247,905.39 -1,115,437,758.54
IV. Influence of exchange rate
39,834,229.35 49,792,024.32
alternation on cash and cash equivalents
V.Net increase of cash and cash
3,058,876,409.95 -5,823,016,170.24
equivalents
Add: balance of cash and cash
4,489,630,951.08 9,090,466,146.15
equivalents at the beginning of term
VI ..Balance of cash and cash
7,548,507,361.03 3,267,449,975.91
equivalents at the end of term
28
The 3rd Quarterly Report 2016
II. Auditors’ Report
If the 3rd quarterly report been audited
[] Yes [V] No
The 3rd quarterly report has not been audited.
29
