Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
Bengang Steel Plates Co., Ltd.
The 1st Quarterly Report 2012 (Official Text)
§1 Important Declaration
1.1 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.
1.2 Directors other than the followings presented at the Board Meeting on which this report was examined:
Name of the director
Position Reason for not presenting the meeting Name of consignee
absented
Independent
Li Kai On business trip Tian Binfu
Director
1.3 The financial statements carried in this report are not audited.
1.4 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.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
Ended this report term Ended previous year Changed by (%)
Total asset (RMB) 42,690,526,250.44 41,059,391,272.00 3.97%
Owners’ equity attributable to the shareholders of
15,612,809,300.81 15,524,714,501.26 0.57%
the listed company (yuan)
Total capital share (shares) 3,136,000,000.00 3,136,000,000.00 0.00%
Net asset per share attributable to the
4.98 4.95 0.61%
shareholders of the listed company (Yuan/share)
This report term Same period last year Changed by (%)
Turnover (yuan) 10,681,123,455.80 10,705,982,240.30 -0.23%
Net profit attributable to shareholders of the
88,094,799.55 304,933,261.12 -71.11%
listed company (yuan)
Net Cash flow generated by business operation
579,960,675.89 220,747,490.08 162.73%
(RMB)
Net Cash flow per share generated by business
0.18 0.07 157.14%
operation (yuan/share)
Basic earnings per share (Yuan/share) 0.03 0.10 -70.00%
Diluted earnings per share (Yuan/share) 0.03 0.10 -70.00%
Weighted average net
0.56% 2.01% -1.45%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 0.56% 2.00% -1.44%
gain/loss(%)
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Amount from beginning of year to
Non-recurring gain and loss items Note (if applicable)
the end of report period
Gain/loss from debt reorganization 1,850,913.97
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’ common business, comply
290,000.00
with the national policy and continues to enjoy at certain fixed rate or
amount.
Other non-business income and expenditures other than the above -1,763,034.79
Influenced amount of income tax -94,469.80
Total 283,409.38 -
2.2 Total of shareholders and the top 10 holders of unconditional shares
in shares
Total shareholders at the end of the report period
56,247
(accounts)
Top ten holders of the shares without subscription limitation
Amount of unconditional shares held at
Full name of shareholder Categories
the end of report term
Benxi Steel (Group) Ltd. 2,573,632,420 RMB common shares
China Construction Bank – Shangtou Morgan
59,966,697 RMB common shares
China Advantage Securities Investment Fund
GOVERNMENT OF SINGAPORE INV. CORP.- Foreign shares placed in domestic
26,552,138
A/C "C" exchange
NOMURA TST N BK CO.,LTD ATTF ASIA Foreign shares placed in domestic
18,049,086
ATTR DIV STK FD MTH FD exchange
Foreign shares placed in domestic
Zhou Jie 10,560,000
exchange
GSIC A/C MONETARY AUTHORITY OF Foreign shares placed in domestic
10,309,617
SINGAPORE exchange
Foreign shares placed in domestic
APS CHINA ALPHA FUND 4,616,701
exchange
BOCHK INVESTMENT FUNDS-BOCHK Foreign shares placed in domestic
4,499,952
CHINA GOLDEN DRAGON FUND exchange
LSV EMERGING MARKETS EQUITY Foreign shares placed in domestic
3,385,700
FUND,L.P. exchange
Foreign shares placed in domestic
Bao Xinfa 3,189,700
exchange
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
* Items in the consolidated statements which has changed for over 30% from the end of 2011
I. Balance Sheet Items Rate of change Cause of change
Notes receivable 42% Increase of bank accepted drafts received in the report period
Engineering goods -75% Increase of engineering materials delivered
Non-current liability due in 1 year -37% Decrease of long-term loans due in less than one year in the period
* Items in the consolidated statements which has changed for over 30% from that of January – March 2011
II. Income Statement Rate of Cause of change
Items change
Business tax and 1237% Increase of VAT payable
surcharge
Administrative expense -34% The expenses of routine repairing and maintaining of production equipment which are
related to the final products are transferred to production costs
Financial expenses 89% Increase of short term loan and decrease of exchange gains
Non-operational -57% Decrease of government subsidy of the report period
income
Non-operational 171% Increase of loss from disposal of fixed asset in the report period
expenditure
3.2 Progress of significant events, their influence, countermeasures, and analysis
3.2.1 None-standard opinions
□applicable √ not applicable
3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or external
parties
□applicable √ not applicable
3.2.3 Signing and execution of major business contracts
□applicable √ not applicable
3.2.4 Misc.
□applicable √ not applicable
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
its substantial dominator in the report term or carried over to the report term:
□applicable √ not applicable
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicable
3.5 Major events needs to be explained
3.5.1 Investment in securities
□applicable √ not applicable
3.5.2 Reception of investigations, communications, or interviews
Main content involved and
Time/date Place Way Type of visitors Visitors
material provided
Office of the secretary
Jan 12, 2012 Field research institution Lion Securities Business operation
of Board
3.6 Investment in derivate financial instruments
□applicable √ not applicable
3.6.1 Derivate financial instrument stock at end of report term
□applicable √ not applicable
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