Summary of Semi-Annual Report 2019 of Bengang Steel Plates Co., Ltd.
Stock Code: 000761, 200761 Abbreviation: Bengang Bancai, Bengangban B Announcement No. : 2019-053
Summary of Semi-Annual Report 2019 of Bengang Steel
Plates Co., Ltd.
I. Important Notice
This Semi-Annual Report Su mmary is taken fro m 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 Securit ies Regulatory
Co mmission in o rder to fully understand the Co mpany’s operation results, financial position and future develop ment
plan.
Objection statement of directors, supervisors and senior executives
Name Office title Objection & reason
Statement
Other directors attending the M eeting 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 p rofit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the Board
during the reporting period
□Applicable √Not applicable
The Co mpany 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 Gao Desheng
Summary of Semi-Annual Report 2019 of Bengang Steel Plates Co., Ltd.
No.16, Renmin Road, Pingshan District,
Address
Benxi City, Liaoning Province
Tel 024-47827003
Email bgbcdm@163.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 previous
This reporting period reporting period over the
year
previous year
Operating income 24,102,595,167.14 23,441,247,377.14 2.82%
Net profit attributable to the shareholders
453,209,615.76 756,951,987.59 -40.13%
of the listed company
Net profit attributable to the shareholders
of listed company after deducting 461,338,410.13 724,922,955.98 -36.36%
non-recurring gain/loss
Net cash flows generated by operating
984,787,005.67 730,519,741.47 34.81%
activities
Basic earnings per share 0.12 0.20 -40.00%
Diluted earnings per share 0.12 0.20 -40.00%
ROE 2.35% 4.56% -2.21%
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 61,423,927,056.10 59,632,504,915.83 3.00%
Net assets attributable to shareholders of
19,406,029,174.41 19,126,258,116.67 1.46%
the listed company
3. Number of shareholders and shareholding
Unit: Share
Summary of Semi-Annual Report 2019 of Bengang Steel Plates Co., Ltd.
The total number of
Total number of common preferred shareholders
shareholders at the end of the 55,071 voting rights restored at the 0
reporting period end of the reporting period (if
any)
Shareholding of shareholders holding more than 5% or top 10 shareholders
Number of Number of pledged or frozen
Name of the Nature of Holding
shares held at Restricted shares held shares
shareholder shareholder Percentage
period-end Status Number
Benxi Steel & Pledged 1,463,095,133
State-owned
Iron (Group) 61.43% 2,380,901,255 0
legal person Frozen 45,000,000
Co., Ltd.
Liaoning
Provincial
State-owned
Transportation 4.77% 184,842,883 0
legal person
Investment
Group Co., Ltd.
CCB Principal
Asset
M anagement –
ICBC – CR
Trust – CR Others 4.77% 184,842,883 0
Trust Xing
Sheng No. 5
Collective Fund
Trust Plan
Bei Xin Rui
Feng Fund –
China
M erchants Bank
– Bei Xin Rui
Others 4.77% 184,842,883 0
Feng Fund Feng
Qing No. 229
Asset
M anagement
Plan
China Life AM P
Fund– ICBC –
China Life AM P
Others 4.77% 184,842,883 0
– Hua Xin Trust
Targeted
Additional
Summary of Semi-Annual Report 2019 of Bengang Steel Plates Co., Ltd.
Shares Issuance
No. 10 Asset
M anagement
Plan
Liang Domestic
0.50% 19,292,013 0
zhongqing natural person
Domestic
Liu qiuying 0.37% 14,158,663 0
natural person
VANGUARD
EM ERGING
Overseas legal
MARKETS 0.21% 8,157,311 0
person
STOCK INDEX
FUND
Domestic
Chen jinhong 0.18% 6,876,375 0
natural person
Domestic
Chen guohua 0.14% 5,489,314 0
natural person
Notes to relationship or ‘action in It is unknown to the Company whether there is any related connection or ‘Action in Concert’ as
concert’ among the top 10 described by Rules of Information Disclosing Regarding Changing of Shareholding Status of
shareholders. Listed Companies existing among the above shareholders.
Benxi Steel & Iron (Group) Co., Ltd. holds 2,141,901,255 shares of the Company’s stock
through ordinary account and holds 239,000,000 shares of the Company’s stock through credit
Shareholders among the top 10
security account totaling 2,380,901,255 shares. Liang zhongqing holds 142,200 shares of the
participating in securities margin
Company’s stock through ordinary account. Liu qiuying holds 5,266,200 shares of the
trading (if any)
Company’s stock through ordinary account and holds 8,892,463 shares of the Company’s stock
through credit security account. Chen guohua holds 5,489,314 through credit security account.
4. Changes of Controlling Shareholders and Substantial Controller
Change of holding shareholder
□ Applicable √ Not applicable
There was no change of holding shareholder in the reporting period.
Change of substantial controller
□ Applicable √ Not applicable
There was no change of substantial controller in the reporting 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
No
III. Management Discussion and Analysis
1. General
Whether the Co mpany needs to comply with the disclosure requirements for special industry
No
In the first half of 2019, the co mpany's overall performance was generally outstanding, production and management had
a new improvement, and the reform tasks were solidly pro moted. The main indicators achieved steady growth,
including: 4.758 million tons of pig iron, an increase of 833,600 tons, an increase of 21.24%; crude steel of 4,872,600
tons, an increase of 729,400 tons, an increase of 17.6%; hot rolled sheet of 6.1 million tons, an increase of 620,000 tons,
an increase of 11.3%; co ld ro lled sheet of 2,897,200 tons, an increase of 56,900 tons, an increase of 2%; special steel of
225,600 tons, a decrease of 104,600 tons, a decrease of 31.7%.
During the reporting period, the co mpany adopted the budget -based “overall every control and clear” wo rk and actively
promoted the construction of a three-level cost accounting system to continuously reduce production and operation
costs, and took important steps in the standard mining and digging work. The process was benchmarked with the same
type of steel mill and the results were remarkable. The average daily output of the new No. 1 blast furnace and No. 6
blast furnace in the ironmaking plant reached the best level in history. Steel mills set a record for daily output. The hot
rolling mill refreshed the highest daily production record of the whole plant twice. Under the premise of continuous
improvement of the physical quality of the products, the cold rolling mill has achieved record high output, and the
quality management of the automobile p late has been steadily improved. The middle and high -end cold-ro lled
automobile is qualified. The rate is the best in history and mass production is achieved.
Scientific and technological innovation and new product research and development have reached a new level, and 33
new products have been successfully developed. The successful research and development of que nching and
distribution steel QP980 for cold forming has filled the gap in QP steel production and laid the foundation for the
advanced automobile steel production enterprises. The Company comp leted Ford's first certification and Renault's
production line certificat ion work, and actively p ro moted BMW certification.
At the same t ime, the work of “Four Determinants” continued to advance. On the basis of realizing the reduction of
management level, the institutions at the department level and above were furth er reduced, and the channels for cadres
5
Summary of Semi-Annual Report 2017 of Bengang Steel Plates Co., Ltd.
can be opened up and down through communicat ion, adjustment, early departure and open competition. The
establishment of a lean and efficient management and control system, overlapping, low -efficiency, and virtual
institutions have been thoroughly cleaned up, releasing the vitality of the enterprise.
2. Issues related to the financial report
(1) Changes in the accounting policy, accounting estimation and measurement methods
□ Applicable √ Not applicab le
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
reporting period
□ Applicable √ Not applicable
No major accounting errors within the reporting period that needs retrospective restatement for the Co mpany.
(3) Illustrations of changes of the consolidation scope as compared with the financial report of previous
year
□ Applicable √ Not applicable
There was no change of the consolidation scope during the reporting period.
6
