Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Bengang Steel Plates Co., Ltd.
The 1st Quarterly Report 2016
April 2016
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (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 – Mr. Zhao Zhongmin, Chief Financial Officer – Mr. Han Ge, 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 1st Quarterly Report 2016 (Full Text)
II. Main financial data and changes of shareholders
（1）Main financial 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
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 6,163,797,202.21 9,571,892,099.49 -35.61%
Net profit attributable to the shareholders
41,106,090.36 71,707,881.99 -42.68%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 34,751,636.45 52,169,643.70 -33.39%
listed company（RMB）
Cash flow generated by business operation,
2,598,490,197.76 601,173,782.82 332.24%
net（RMB）
Basic earning per share(RMB/Share) 0.013 0.023 -43.48%
Diluted gains per
0.013 0.023 -43.48%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.34% 0.46% -0.12%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 47,685,280,386.51 44,461,643,345.33 7.25%
Net assets attributable to the shareholders
11,978,750,747.00 11,934,100,372.02 0.37%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Govemment subsidy recognized in current gain and
6,259,000.00
loss(excluding those closely related to the Company’s business
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
and granted under the state’s policies)
Other non-operating income and expenditure beside for the above
125,914.32
items
Amount of influence of minority interests（After tax） 30,460.41
Total 6,354,453.91 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ 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.
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
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
56,985 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 (Group) State-owned legal
Ltd. person 78.37% 2,457,560,978
Domestic natural
Li Guoyuan 0.82% 25,762,691
person
Domestic natural
Li Chen 0.82% 25,762,538
person
GIC PRIVATE Overseas legal
0.31% 9,754,211
LIMITED person
BBH A/C
VANGUARD
EMERGING Overseas legal
0.26% 8,157,311
MARKETS person
STOCK INDEX
FUND
Zhan Domestic natural
0.15% 4,648,615
Changcheng person
VANGUARD
TOTAL
Overseas legal
INTERNATION 0.15% 4,606,141
person
AL STOCK
INDEX FUND
Domestic natural
Feng Meijuan 0.15% 4,592,983
person
Domestic natural
Wu Limin 0.14% 4,255,663
person
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Domestic natural
Zhou Jie 0.14% 4,249,198
person
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. 2,457,560,978 2,457,560,978
shares
RMB Common
Li Guoyuan 25,762,691 25,762,691
shares
RMB Common
Li Chen 25,762,538 25,762,538
shares
Foreign shares
placed in
GIC PRIVATE LIMITED 9,754,211 9,754,211
domestic
exchange
Foreign shares
BBH A/C VANGUARD
placed in
EMERGING MARKETS STOCK 8,157,311 8,157,311
domestic
INDEX FUND
exchange
Foreign shares
placed in
Zhan Changcheng 4,648,615 4,648,615
domestic
exchange
Foreign shares
VANGUARD TOTAL
placed in
INTERNATIONAL STOCK INDEX 4,606,141 4,606,141
domestic
FUND
exchange
RMB Common
Feng Meijuan 4,592,983 4,592,983
shares
RMB Common
Wu Limin 4,255,663 4,255,663
shares
Zhou Jie 4,249,198 4,249,198
Benxi Steel & Iron (Group) Co., Ltd., the holding shareholder, has no relationship with any of the other
shareholders among the top 10 shareholders, neither being regarded as action-in-concert parties by the
Explanation on associated Information Disclosure Regulations for Change of Shareholding in PLC
The Company is not aware of any relationship among the other shareholders, nor of any action-in-concert as
relationship or concerted action of recognized according to the Information Disclosure Regulations for Change of Shareholding in PLC.
The Company is not aware of any relationship among the top 10 shareholders, nor of any action-in-concert as
the above shareholders
recognized according to the Information Disclosure Regulations for Change of Shareholding in PLC.
Note to the top 10 common Li Guoyuan holds 25,762,691 A shares of the Company through stock account with credit
stockholders involved in margin transaction and guarantee, Li Chen holds 25,762,538 A shares of the Company through stock
financing & securities lending (If account with credit transaction and guarantee.
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
Major items in the consolidated statements which changed by over 30% comparing with the balances at of the end of 2015
I.Balance sheet items Rate of change Cause of change
Monetary fund Due to the increase of the company
59% current reserves
Interest receivable -100% Due to the current maturity date.
Other account receivable Due to the increase of current
-33% account receivable recovery
Account payable Due to the current increase in
56% accounts payable
Tax payable Due to the reduction of VAT
-67% overpaid
Interest payable Due to the reduction of the interest
-64% accrual of corporate bonds
Special reserves Due to the reduction security fee
901% paid for the current period
* Major items in the consolidated statements which changed by over 30% comparing with that of Jan-Mar 2015
II. Income statement items Rate of change Cause of change
Business income Due to the current lower prices of
-36% clearing.
Business cost Due to the current decrease in raw
-38% material purchase price
Business tax and surcharge Due to the reduction of the impact
-76% caused by the current VAT
Financial expenses Due to the increase of the current
loan interest rate and exchange rate
-36% gains and losses declined
Non-operational income Due to the reduction of funds of
government grants received in the
-72% current period
Income tax expenses Due to the provision for inventory
depreciation of reversal of the
1372% current period
Net profit attributable to the owners Due to the reduction of the current
of parent company -43% market price and other factors
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Minor shareholders’ equity Due to the decrease of the current
-80% holding company profits
III. Cash flow statement Rate of change Cause of change
Cash received from sales of goods Due to the reduction of the current
or rending of services -44% market price and other factors
Sub-total of cash inflow generated Due to the reduction of the current
by business operation -42% market price and other factors
Cash paid for purchasing of Due to the reduction of the current
merchandise and services purchase of goods, services paid for
-78% in cash accepted
Taxes paid Due to the reduction of the current
-35% VAT and other taxes paid
Sub-total of cash outflow from Due to the reduction of the current
business activities purchase of goods, services paid for
-72% in cash accepted
Cash flow generated by business Due to the reduction of the current
operation, net purchase of goods, services paid for
332% in cash accepted
Cash received from investment Decrease of financial instruments
retrieving -100% purchased this period
Cash received as investment gains Decrease of financial instruments
-100% purchased this period
Sub-total of cash inflow due to Decrease of financial instruments
investment activities -100% purchased this period
Cash paid as investment Decrease of financial instruments
-96% purchased this period
Sub-total of cash outflow due to Decrease of financial instruments
investment activities -68% purchased this period
Net cash flow generated by investment Decrease of financial instruments
-46% purchased this period
Cash received from bond placing -100% Due to not issuance of bonds.
Sub-total of cash inflow from financing
activities -33% Due to not issuance of bonds.
Net cash flow generated by financing Due to the reduction of the current period
-52% new financing
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
□ Applicable √Not applicable
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
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
During the reporting period, there is no commitment that the company, shareholders, actual controller, offer or,
directors, supervisors, senior management or other related parties have fulfilled during the reporting period and
have not yet fulfilled by the end of reporting period.
IV. Anticipation of Business Performance from January to June, 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 investments
□ Applicable √ Not applicable
No such cases in the Reporting Period
VI. Investment in derivatives
□ Applicable √Not applicable
No such cases in the Reporting Period
VII. Reception of investigations, communications, or interviews
□ Applicable √Not applicable
No investigation, communication, or visiting occurred in report period.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Bengang Steel Plates Co., Ltd.
March 31,2016
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 8,185,319,102.34 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 2,183,614,447.39 2,449,682,561.16
Account receivable 423,836,338.77 488,584,624.72
Prepayments 419,544,913.95 569,851,950.69
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 3,524,615.12
Dividend receivable
Other account receivable 102,174,529.75 151,668,877.26
Repurchasing of financial assets
Inventories 9,698,107,421.73 8,601,734,442.42
Assets held for sales
Non-current asset due in 1 year
Other current asset 353,646,344.39 431,360,541.21
Total of current assets 21,366,243,098.32 17,836,888,122.55
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 20,271,278.63 20,271,278.63
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment
Fixed assets 19,572,168,737.90 20,046,254,726.74
Construction in progress 5,926,666,614.41 5,646,624,293.27
Engineering material 4,134,139.91 4,152,880.79
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 264,036,148.28 265,520,912.57
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 531,760,369.06 641,931,130.78
Other non-current asset
Total of non-current assets 26,319,037,288.19 26,624,755,222.78
Total of assets 47,685,280,386.51 44,461,643,345.33
Current liabilities
Short-term loans 18,942,494,796.60 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 1,552,659,570.32 2,110,511,950.79
Account payable 7,830,122,394.95 5,015,900,664.47
Advance payment 2,008,056,087.93 1,815,443,452.05
Selling of repurchased financial assets
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Fees and commissions receivable
Employees’ wage payable 35,513,217.27 36,455,143.76
Tax payable 14,918,297.59 45,194,528.35
Interest payable 25,390,890.87 70,958,686.96
Dividend payable
Other account payable 386,412,532.18 444,734,704.90
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 1,376,147,332.04 1,434,004,649.14
Other current liability
Total of current liability 32,171,715,119.75 29,113,089,377.02
Non-current liabilities：
Long-term loan 1,125,848,419.58 1,005,919,974.09
Bond payable 1,491,315,715.94 1,490,352,572.75
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Deferred income 406,929,000.00 413,188,000.00
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 3,024,093,135.52 2,909,460,546.84
Total of liability 35,195,808,255.27 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
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Capital reserves 9,114,845,542.05 9,114,845,542.05
Less：Shares in stock
Other comprehensive income
Special reserves 3,937,656.67 393,372.05
Surplus reserves 961,105,529.85 961,105,529.85
Common risk provision
Undistributed profit -1,237,137,981.57 -1,278,244,071.93
Total of owner’s equity belong to the
11,978,750,747.00 11,934,100,372.02
parent company
Minority shareholders’ equity 510,721,384.24 504,993,049.45
Total of owners’ equity 12,489,472,131.24 12,439,093,421.47
Total of liabilities and owners’ equity 47,685,280,386.51 44,461,643,345.33
Legal Representative: Zhao Zhongmin Person in charge of accounting：Han Ge Accounting Dept Leader:Wang
Shaoyu
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 7,909,868,523.73 4,921,089,319.57
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 1,988,953,639.71 2,298,691,410.40
Account receivable 389,666,035.36 449,193,422.02
Prepayments 399,246,002.29 549,553,039.03
Interest receivable 3,524,615.12
Dividend receivable
Other account receivable 157,046,352.38 229,428,159.94
Inventories 8,402,893,318.85 7,452,873,949.34
Assets held for sales
Non-current asset due in 1 year
Other current asset 290,607,949.78 387,259,423.54
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Total of current assets 19,538,281,822.10 16,291,613,338.96
Non-current assets：
Disposable financial asset 18,303,673.00 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 16,789,289,702.82 17,179,043,906.45
Construction in progress 5,925,739,832.98 5,646,077,292.11
Engineering material 4,134,139.91 4,134,138.91
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 157,868,055.50 158,694,589.82
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 453,626,824.72 562,072,018.42
Other non-current asset
Total of non-current assets 25,049,944,131.09 25,269,307,520.87
Total of assets 44,588,225,953.19 41,560,920,859.83
Current liabilities
Short-term loans 17,460,822,800.00 16,798,213,600.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Bill payable 1,374,839,487.55 1,651,808,822.92
Account payable 8,068,076,680.67 5,263,012,477.37
Advance payment 1,795,889,792.47 1,957,484,054.73
Employees’ wage payable 33,718,815.22 34,194,188.88
Tax payable 2,467,003.85 9,986,022.56
Interest payable 24,275,033.03 70,113,698.63
Dividend payable
Other account payable 306,426,511.71 324,906,037.82
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Classified as held for sale debt
Non-current liability due in 1 year 1,376,147,332.04 1,434,004,649.14
Other current liability
Total of current liability 30,442,663,456.54 27,543,723,552.05
Non-current liabilities：
Long-term loan 1,125,848,419.58 1,005,919,974.09
Bond payable 1,491,315,715.94 1,490,352,572.75
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income 406,929,000.00 413,188,000.00
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 3,024,093,135.52 2,909,460,546.84
Total of liability 33,466,756,592.06 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 3,937,656.67 393,372.05
Surplus reserves 961,105,529.85 961,105,529.85
Undistributed profit -1,674,267,685.32 -1,684,456,000.89
Total of owners’ equity 11,121,469,361.13 11,107,736,760.94
Total of liabilities and owners’ equity 44,588,225,953.19 41,560,920,859.83
3.Consolidated Income statement
In RMB
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Items Amount in this period Amount in last period
I. Income from the key business 6,163,797,202.21 9,571,892,099.49
Incl：Business income 6,163,797,202.21 9,571,892,099.49
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 6,009,165,031.97 9,488,432,136.18
Incl：Business cost 5,389,535,280.17 8,651,587,783.26
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,347,694.24 26,823,125.71
Sales expense 203,842,519.34 250,933,920.68
Administrative expense 174,510,134.26 189,206,117.29
Financial expenses 234,929,403.96 369,881,189.24
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 2,452,534.28
Incl: investment gains from affiliates
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss） 154,632,170.24 85,912,497.59
Add ：Non-operational income 6,384,914.32 22,808,626.08
Including：Income from disposal of
non-current assets
Less：Non business expenses 6,603.93
Incl：Loss from disposal of non-current
6,603.93
assets
IV.Total profit(“-”for loss) 161,017,084.56 108,714,519.74
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Less：Income tax expenses 114,182,659.41 7,758,744.70
V. Net profit 46,834,425.15 100,955,775.04
Net profit attributable to the owners of
41,106,090.36 71,707,881.99
parent company
Minority shareholders’ equity 5,728,334.79 29,247,893.05
VI. Other comprehensive income
Net of profit of other comprehensive inco
me 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 pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will be
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
ncial statements
6.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 46,834,425.15 100,955,775.04
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Total comprehensive income attributable
41,106,090.36 71,707,881.99
to the owner of the parent company
Total comprehensive income
5,728,334.79 29,247,893.05
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.013 0.023
(II)Diluted earnings per share 0.013 0.023
If there are entities merged under common control, their net profit realized before the merger were totaled to
RMB0.00. While it was RMB0.00 previous period.
Legal Representative:Zhao Zhongmin Person in charge of accounting：Han Ge Accounting Dept Leader:Wang
Shaoyu
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 6,349,888,059.09 10,041,262,488.32
Less：Business cost 5,686,530,851.21 9,347,835,662.54
Business tax and surcharge 2,581,022.77 24,171,920.65
Sales expense 169,910,631.40 213,032,363.48
Administrative expense 159,071,749.26 174,078,341.75
Financial expenses 219,438,179.77 346,685,946.85
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 2,452,534.28
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） 112,355,624.68 -62,089,212.67
Add ：Non-operational income 6,277,884.59 22,648,387.62
Including：Income from disposal
of non-current assets
Less：Non business expenses 6,603.93
Incl：Loss from disposal of
6,603.93
non-current assets
III.Total profit(“-”for loss) 118,633,509.27 -39,447,428.98
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Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Less：Income tax expenses 108,445,193.70
IV. Net profit（“-”for net loss） 10,188,315.57 -39,447,428.98
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 ）
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 10,188,315.57 -39,447,428.98
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
20
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
4,456,676,706.32 7,889,152,266.83
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
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 176,587,078.95 173,412,633.74
Other cash received from business
72,962,648.74 67,169,422.10
operation
Sub-total of cash inflow 4,706,226,434.01 8,129,734,322.67
Cash paid for purchasing of
1,558,773,903.55 6,845,828,150.13
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
21
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Cash paid to staffs or paid for staffs 443,360,862.49 530,989,965.62
Taxes paid 79,482,630.79 121,446,057.50
Other cash paid for business activities 26,118,839.42 30,296,366.60
Sub-total of cash outflow from
2,107,736,236.25 7,528,560,539.85
business activities
Cash flow generated by business
2,598,490,197.76 601,173,782.82
operation, net
II.Cash flow generated by investing
Cash received from investment
700,000,000.00
retrieving
Cash received as investment gains 2,452,534.28
Net cash retrieved from disposal of
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
702,452,534.28
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 495,775,437.02 603,436,817.58
long-term assets
Cash paid as investment 41,000,000.00 1,100,000,000.00
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
536,775,437.02 1,703,436,817.58
investment activities
Net cash flow generated by investment -536,775,437.02 -1,000,984,283.30
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 3,653,371,876.26 3,914,775,807.42
Cash received from bond placing 1,500,000,000.00
22
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Other financing –related ash received
Sub-total of cash inflow from financing
3,653,371,876.26 5,414,775,807.42
activities
Cash to repay debts 2,800,725,250.60 3,798,688,565.03
Cash paid as dividend, profit, or
249,369,421.96 354,035,536.61
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to
3,050,094,672.56 4,152,724,101.64
financing activities
Net cash flow generated by financing 603,277,203.70 1,262,051,705.78
IV. Influence of exchange rate
alternation on cash and cash -27,118,253.24 9,393,652.25
equivalents
V.Net increase of cash and cash
2,637,873,711.20 871,634,857.55
equivalents
Add: balance of cash and cash
5,140,477,745.07 9,774,657,726.06
equivalents at the beginning of term
VI ..Balance of cash and cash
7,778,351,456.27 10,646,292,583.61
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
4,019,869,377.46 6,428,288,152.41
rending of services
Tax returned 172,506,656.56 130,788,072.89
Other cash received from business
57,059,087.68 62,195,406.33
operation
Sub-total of cash inflow 4,249,435,121.70 6,621,271,631.63
Cash paid for purchasing of
1,120,248,395.70 6,391,842,867.92
merchandise and services
Cash paid to staffs or paid for staffs 419,087,334.46 506,058,465.58
Taxes paid 30,358,813.93 54,400,166.97
23
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
Other cash paid for business activities 22,899,983.64 23,545,525.77
Sub-total of cash outflow from
1,592,594,527.73 6,975,847,026.24
business activities
Cash flow generated by business
2,656,840,593.97 -354,575,394.61
operation, net
II.Cash flow generated by investing
Cash received from investment
700,000,000.00
retrieving
Cash received as investment gains 2,452,534.28
Net cash retrieved from disposal of
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
702,452,534.28
investment activities
Cash paid for construction of fixed
assets, intangible assets 485,499,487.61 593,852,993.00
and other long-term assets
Cash paid as investment 41,000,000.00 1,100,000,000.00
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
526,499,487.61 1,693,852,993.00
investment activities
Net cash flow generated by investment -526,499,487.61 -991,400,458.72
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 3,412,740,000.00 3,814,565,125.77
Cash received from bond placing 1,500,000,000.00
Other financing –related ash received
Sub-total of cash inflow from
3,412,740,000.00 5,314,565,125.77
financing activities
Cash to repay debts 2,700,039,599.29 2,721,886,565.03
Cash paid as dividend, profit, or 234,110,903.61 321,903,494.07
24
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2016 (Full Text)
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
2,934,150,502.90 3,043,790,059.10
financing activities
Net cash flow generated by financing 478,589,497.10 2,270,775,066.67
IV. Influence of exchange rate
alternation on cash and cash -27,116,280.47 9,392,244.15
equivalents
V.Net increase of cash and cash
2,581,814,322.99 934,191,457.49
equivalents
Add: balance of cash and cash
4,921,089,319.57 9,512,021,457.17
equivalents at the beginning of term
VI ..Balance of cash and cash
7,502,903,642.56 10,446,212,914.66
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
25
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