Stock Code: 000761, 200761 Abbreviation: Bengang Bancai, Bengangban B Announcement No. : 2017-034
Summary of Semi-Annual Report 2017 of Bengang Steel
Plates Co., Ltd.
I. Important Notice
This Semi-Annual Report Summary is taken from the full text of the Semi-Annual Report. Investors are advised to read carefully the
full text of the Semi-Annual Report published on the media designated by China Securities Regulatory Commission in order to fully
understand the Company’s operation results, financial position and future development plan.
Objection statement of directors, supervisors and senior executives
Name Office title Objection & reason
Statement
Other directors attending the Meeting for Semi-Annual Report deliberation except for the following
Name of director absent Title for absent director Reasons for absence Attorney
Non-standard auditor’s opinion
□ Applicable √Not applicable
Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the Board during the
reporting period
□Applicable √Not applicable
The Company plans not to distribute cash dividend or bonus shares, and not to convert capital reserve into share capital.
Plans for profit distribution on preference shares for the reporting period approved by the Board
□ Applicable √ Not applicable
II. Company Profile and Main Financial Index
1. Company profile
Bengang Bancai, Bengangban
Stock abbreviation Stock Code 000761、200761
B
Stock exchange for listing Shenzhen Stock Exchange
Contact person and manner Board secretary Securities affairs Representative
Name Sun Yanbin Tong Weigang
No.16, Renmin Road, Pingshan District, No.16, Renmin Road, Pingshan District,
Address
Benxi City, Liaoning Province Benxi City, Liaoning Province
Tel 024-47828860 024-47827003
Fax 024-47827004 024-47827004
Email bgbcsyb@126.com bgbc761@126.com
2. Main Accounting Data and Financial Index
Retrospective adjustment to or restatement of the accounting data for prior years by the Company due to change of accounting
policies and correction of accounting errors
□ Yes √ No
Unit: Yuan
Increase or decrease in this
Same period in the previous
This reporting period reporting period over the
year
previous year
Operating income 20,736,486,903.74 12,629,584,569.35 64.19%
Net profit attributable to the shareholders
523,635,653.57 182,538,176.32 186.86%
of the listed company
Net profit after deducting non-recurring
gain/loss attributable to the shareholders of 508,873,423.83 164,516,206.59 209.32%
listed company
Net cash flows generated by operating
-4,047,305,684.72 2,390,777,363.52 -269.29%
activities
Basic earnings per share 0.167 0.058 187.93%
Diluted earnings per share 0.167 0.058 187.93%
ROE 4.04% 1.52% 2.52%
Increase or decrease at the
At the end of this reporting At the end of previous
end of this reporting period
period reporting period
over the previous year
Total assets 54,631,496,549.62 54,155,710,718.91 0.88%
Net assets attributable to shareholders of
13,249,274,456.60 12,715,354,551.15 4.20%
the listed company
3. Number of shareholders and shareholding
Unit: Share
Total number of common The total number of
59,424 0
shareholders at the end of the preferred shareholders
reporting period voting rights restored at the end
of the reporting period (See
Notes 8)
Shareholding of shareholders holding more than 5% or top 10 shareholders
Number Quantity of pledged or frozen
Holding of shares Changes in Restricted Un-restricte shares
Name of the Nature of
Percentage held at reporting shares d shares
shareholder shareholder
(%) period-en period held held Status Quantity
d
Benxi Steel & Pledged 1,251,000,000
State-owned legal 2,442,316
Iron (Group) 77.88%
person ,069 Frozen 45,000,000
Co., Ltd.
Industrial and
Commercial
Bank of China
Limited-South
Others 0.31% 9,718,651
Big Data 100
Index Securities
Investment
Fund
Bank of
Communication
Limited-Chang
xin
Quantification Others 0.29% 9,088,658
Pioneer Mixed
Securities
Investment
Fund
BBH A/C
VANGUARD
EMERGING Overseas legal
0.26% 8,157,311
MARKETS person
STOCK
INDEX FUND
Domestic natural
Zhou Jie 0.17% 5,200,000
person
VANGUARD
TOTAL
Overseas legal
INTERNATIO 0.15% 4,606,141
person
NAL STOCK
INDEX FUND
Caitong Fund -
ICBC - Caitong
Others 0.15% 4,499,967
Securities Co.,
Ltd.
Southwest
Securities -
China
Everbright
Bank -
Southwest
Others 0.13% 4,099,964
Securities
Shuangxi
Xinguang Big 1
Collection Asset
Management
Plan
Haitong
International
Securities Overseas legal
0.12% 3,785,109
Company person
Limited-Accou
nt Client
Domestic natural
Chen Nengyi 0.12% 3,757,336
person
Explanation on associated It is unknown to the Company whether there is any related connection or ‘Action in Concert’
relationship among the aforesaid as described by Rules of Information Disclosing Regarding Changing of Shareholding Status
shareholders of Listed Companies existing among the above shareholders.
Explanation on shareholders
Chen Nengyi holds 3,757,336 shares of the company through investors' credit securities
participating in the margin trading
accounts.
business(if any )
4. Changes of Controlling Shareholders and Substantial Controller
Change of holding shareholder
□ Applicable √ Not applicable
There was no change of holding shareholder in the report period.
Change of substantial controller
□ Applicable √ Not applicable
There was no change of substantial controller in the report period.
Summary of Semi-Annual Report 2017 of Bengang Steel Plates Co., Ltd.
5. Total preferred shareholders of the Company and shares held by top ten shareholders
□ Applicable √ Not applicable
There was no Preferred Shares during the reporting period.
6. Information about the corporate bonds
Whether there exists any un-matured corporate bonds public issued and listed on the Stock Exchange or any matured corporate bonds
which the listed company failed to pay in full at the approval date of the Semi-Annual Report
Yes
(1). Basic information of corporate bonds
Bond name Bond short name Bond code Maturity date Bond balance ’0000 Interest rate
Corporate Bond
15 Benxi Steel 01 112236 February 9,2018 150,000 5.17%
2015 (Phase I)
(2) Major Financial Indicators at the End of the Reporting Period
Increase or decrease in this
Same period in the previous
Item This reporting period reporting period over the
year
previous year
Asset-liability ratio 74.78% 75.51% -0.73%
Increase or decrease in this
Same period in the previous
Item This reporting period reporting period over the
year
previous year
EBITDA Total debt ratio 3.24% 3.51% -7.69%
III. Management Discussion and Analysis
1. General
Whether the Company needs to comply with the disclosure requirements for special industry
No
In the first half year, influence by the state policies to resolve the excess capacity and clean up the production of substandard steel
products, the steel market gradually tuned better. The Company adjusted production mode, strengthened economic operation, and
thus the benefit improved compared to previous year. During January to June, the Company produced 4.8568 million tons of pig iron,
which decreased by 0.83% compared to previous year; produced 4.9149 million tons crude steel, which increased by 2.86%
compared to previous year; produced 6.3215 million tons hot-rolled plate, which increased by 15.63% compared to previous year;
produced 2.8491 million tons cold-rolled plate, which increased by 53.77% compared to previous year; and produced 402,900 tons
special steel, which increased by 11.7% compared to previous year.
The main work done in production operation during the first half year is as followings:
1. The Company vigorously promoted new product research and development, experimental research, application, technical services,
and constantly improved the ability of scientific and technological innovation. By adjusting the product structure, and carrying out
special management to key varieties with high profitability, the Company constantly expanded the market share of high value-added
products.
2. The Company actively expanded procurement methods, and actively reduced procurement costs through the benchmarking price
comparison, variety substitution, structural adjustment, timing procurement and other measures.
3. The Company focused on coal blending to reduce cost, strengthened economic operation. In accordance with the principle of
cost-effective, at the same time of ensuring the stability of production, the Company achieved lower production costs through the
development of new products to optimize the coal blending structure. The Company strictly controlled non-productive expense
expenditure, and significantly reduced the non-productive expense quota.
4. The Company adhered to the principle of maximizing economic benefits, innovated production organization mode. Taking the
domestic and foreign advanced steel enterprises as the benchmark, the Company actively carried out key processes for tapping the
mark, and effectively improved own short board, lowered the cost consumption level.
5
Summary of Semi-Annual Report 2017 of Bengang Steel Plates Co., Ltd.
5. The Company strengthened environmental protection responsibility implementation, tightened environmental protection facilities
operation management. The Company strengthened the source of pollution control, and focused on day-to-day supervision and
inspection of water, gas, sound, slag and others, implemented closed-loop management measures. The Company pushed forward the
construction of environmental protection project to ensure pollutant emission reduction targets.
2. Issues related to the financial report
(1) Changes in the accounting policy, accounting estimation and measurement methods
√ Applicable □ Not applicable
There was no change in accounting policy, accounting estimation and measurement methods during the reporting period.
(2) Illustrations of retrospective restatement due to correction of significant accounting errors in the report
period
□ Applicable √ Not applicable
No major accounting errors within reporting period that needs retrospective restatement for the Company in the period.
(3) Illustrations of changes of the consolidation scope as compared with the financial report of previous
year
√Applicable □ Not applicable
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