Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) Bengang Steel Plates Co., Ltd.
The 3rd Quarterly Report 2015
Oct 2015
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (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.
Mr. Zhao Zhongmin– the responsible person of the Company, Mr. Han Ge– the CFO, and Mr. Wang Shaoyu– the accounting manager declares: the truthfulness, accuracy, and completeness of the financial report in the Interim Report are guaranteed.
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) Chapter II. Financial Highlights and Change of Shareholders I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due to change of accounting policies or correcting of accounting errors?
[] Yes[V] No
||||||
|-|-|-|-|-|
|||||Changed at end of report|
||Ended this report||||
|||End of prev. year||period over end of previous|
||term||||
|||||period|
|Gross Assets (RMB)|45,735,815,282.91|49,170,603,030.67||-6.99%|
|Net asset attributable to owners of|15,398,723,790.45|15,384,562,323.08|||
|||||0.09%|
|the PLC|||||
|||||The amount of from|
||||From beginning of year|beginning of year to the end|
|||Increase/decrease|||
||This report term||to the end of report|of report period over the|
|||(%)|||
||||period|amount of same period last|
|||||year|
|Turnover (RMB)|5,018,448,900.24|-51.67%|21,363,364,061.42|-29.25%|
|Net profit attributable to|35,104,914.65||163,112,050.91||
|shareholders of the listed company||25.75%||-19.18%|
|(yuan)|||||
|Net profit attributable to the|||||
|shareholders of the listed company|||||
||35,098,170.03|91.28%|140,379,428.78|-17.97%|
|and after deducting of non-recurring|||||
|gain/loss(RMB)|||||
|Net Cash flow generated by|||-1,400,113,945.93||
||--|--||-495.11%|
|business operation (RMB)|||||
|Basic earnings per share|0.011||0.052||
|||22.22%||-18.75%|
|(Yuan/share)|||||
|Diluted earnings per share|0.011||0.052||
|||22.22%||-18.75%|
|(Yuan/share)|||||
|Net income on asset, weighted|0.23%|0.05%|1.06%|-0.22%|

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) Non-recurring gain/loss items and amounts
[V] Applicable[]Not applicable
In RMB Yuan
||||
|-|-|-|
||Amount of the period from the||
|Items|beginning of year to the end of|Remarks|
||report term||
|Gain/loss from disposal of non-current assets (includes the recovered part of asset|||
||-13,599,930.68||
|impairment provision already provided)|||
|Gains and losses included in the current period of government subsidies, excluding|||
|those government grants which are closely related to normal business and in line with|37,242,000.00||
|national policy , or in accordance with fixed standards or quantities|||
|Gain/loss from commissioned investment or assets|7,226,589.08||
|Gain/loss from debt reorganization|8,577,805.60||
|Other non-business income and expenditures other than the above|-11,464,755.98||
|Less: Influenced amount of income tax|5,188,779.73||
|Influence on minority shareholders‟ equity (after tax)|60,306.16||
|Total|22,732,622.13|--|

 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;[V] 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 of shareholders and top-10 holders of current shares at end of period
1 Position of shareholders and top-10 holders at end of the report period
in shares
||||||||
|-|-|-|-|-|-|-|
|Total common shareholders at the end of the|||||||
|||66,748|||||
|report period|||||||
|Top 10 common share holders|||||||
|||||Amount of|Frozen or pledged||
||Properties of|Share|Amount of||||
|Name of the shareholder||||unconditional|||
||shareholder|proportion %|shares||Status of shares|Amount|
|||||shares held|||
|Benxi Steel (Group) Ltd.|State-ownedlegal person|78.34%|2,456,614,978|0|||
|GIC PRIVATE LIMITED|Overseaslegal person|0.72%|22,644,061|0|||
|BBH A/C VANGUARDEMERGING MARKETSSTOCK INDEX FUND|Others|0.26%|8,157,311|0|||
|GSIC A/C MONETARYAUTHORITY OFSINGAPORE|Others|0.19%|5,967,126|0|||
|DEUTSCHE CHINAEQUITY FUND|Others|0.15%|4,549,984|0|||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||||||
|-|-|-|-|-|-|-|
|Zhan Changcheng|Overseaslegal person|0.14%|4,356,715|0|||
|VANGUARD TOTALINTERNATIONAL STOCKINDEX FUND|Others|10.00%|3,176,272|0|||
|Taifook Securities CompanyLimited-Account Client|Overseaslegal person|0.10%|3,141,109|0|||
|STATE STREET ACTIVEEMERGING MARKETSSELECT SECURITIESLENDING QIB COMMONTRUST FUND|Others|0.09%|2,887,600|0|||
|Bao Xinfa|Overseaslegal person|0.09%|2,700,000|0|||
|Top 10 Holders of Unrestricted Shares|||||||
||||||Category of shares||
|Name of the shareholder||Number of unrestricted shares held|||Category of||
|||||||Amount|
||||||shares||
|Benxi Steel (Group) Ltd.||2,456,614,978|||RMB common||
|||||||2,456,614,978|
||||||shares||
|GIC PRIVATE LIMITED||22,644,061|||Foreign shares||
||||||placed in||
|||||||22,644,061|
||||||domestic||
||||||exchange||
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND||8,157,311|||Foreign shares||
||||||placed in||
|||||||8,157,311|
||||||domestic||
||||||exchange||
|GSIC A/C MONETARY AUTHORITY OFSINGAPORE||5,967,126|||Foreign shares||
||||||placed in||
|||||||5,967,126|
||||||domestic||
||||||exchange||
|DEUTSCHE CHINA EQUITY FUND||4,549,984|||Foreign shares||
||||||placed in||
|||||||4,549,984|
||||||domestic||
||||||exchange||
|Zhan Changcheng||4,356,715|||Foreign shares||
||||||placed in||
|||||||4,356,715|
||||||domestic||
||||||exchange||
|VANGUARD TOTAL INTERNATIONALSTOCK INDEX FUND||3,176,272|||Foreign shares||
||||||placed in||
|||||||3,176,272|
||||||domestic||
||||||exchange||
|Taifook Securities CompanyLimited-Account Client||3,141,109|||Foreign shares||
||||||placed in||
|||||||3,141,109|
||||||domestic||
||||||exchange||
|STATE STREET ACTIVE EMERGINGMARKETS SELECT SECURITIESLENDING QIB COMMON TRUST FUND||2,887,600|||Foreign shares||
||||||placed in||
|||||||2,887,600|
||||||domestic||
||||||exchange||
|Bao Xinfa||2,700,000|||Foreign shares||
||||||placed in||
|||||||2,700,000|
||||||domestic||
||||||exchange||
|||It is unknown to the Company whether there is any related connection or „Action in|||||
|Notes to relationship or “action in concert”|||||||
|||Concert‟ as described by Rules of Information Disclosing Regarding Changing of|||||
|among the top ten shareholders.|||||||
|||Shareholding Status of Listed Companies existing among the above shareholders.|||||

 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
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) report period
2 Total of shareholders and top-10 preferential shareholders at end of the report period
[] Applicable;[V] Not applicable
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
[V] Applicable[]Not applicable
* Items changed by over30% comparing with that of at the end of 2014 in the consolidated accounts, and causations
||||
|-|-|-|
|I. Items in the balance sheet|Changed by|Causation of change|
|Monetary capital|-62%|Increase of loan repaying and trade accounts|
|Construction in process|31%|Increase of investment in high-strength steel project|
|Construction material|-95%|Increase of construction material delivered|
|Notes payable|41%|Increase of financing by notes|
|Wages payable|66%|Increase of bonus payable|
|Tax payable|-36%|Decrease of VAT and property tax payable|
|Interest payable|113%|Increase of interest for unpaid corporation bond|
|Non-recurring liabilities due in 1 year|35%|Increase of long-term loans transferred to accounts due in 1 year|
|Special provisions|1822%|Decrease of safety fee paid|

* Items changed by over30% comparing with that of Jan - Sept 2014 in the consolidated accounts, and causations
||||
|-|-|-|
|II. Items under income statement|Changed by|Causation of change|
|Operational tax and surcharges|-64%|Decrease of VAT payable|
|Sales expense|34%|Increase of external railway freight|
|Administration expenses|-37%|Transferring of rental for 2300 rolling line to cost account|
|Financial expenses|38%|Increase of gain/loss from exchange|
|Asset impairment loss|90%|Increase of provision for inventory devalue|
|Investment gains|-65%|Decrease of bank financing instruments purchased|
|Non-operational income|312%|Increase of government subsidy received|
|Non-operational expenses|45866%|Increase of loss from disposal of fixed assets|
|Income tax expense|-96%|Decrease of deferred income tax expenses|
|III. Items under cash flow statement|Changed by|Causation of change|
|Tax returned|861%|Increase of tax refunding|
|Cash flow generated by businessoperation, net|-495%|Increase of cash paid for purchasing of goods and services|
|Cash received from investment retrieving|-79%|Decrease of bank financing instruments purchased|
|Cash received as investment profit|-65%|Decrease of bank financing instruments purchased|
|Net cash retrieved from disposal of fixedassets, intangible assets, and otherlong-term assets|4791%|Increase of cash received from disposal of fixed assets|
|Cash inflow from investment|-79%|Decrease of bank financing instruments purchased|
|Cash paid for purchasing or constructionof fixed assets, intangible assets, andother long-term assets|60%|Increase of projects such as the high-strength steel project|
|Cash paid as investment|-77%|Decrease of bank financing instruments purchased|
|Cash outflow by investment|-58%|Decrease of bank financing instruments purchased|
|Cash to repay debts|54%|Increase of loan repayment|
|Net cash flow generated by financing|-248%|Increase of loan repayment|

II. Analyze of significant issues and solutions
[] Applicable;[V] Not applicable
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) III. Commitment issues of shareholders with5% or over of shares occurred in the report period or carried down from previous report periods
[] Applicable;[V] Not applicable
No commitment issues by shareholders with5% or over of shares in the report period or carried over to the report period from previous periods
IV. Prospect on business performance of 2015
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;[V] Not applicable
V. Securities investment
[] Applicable;[V] Not applicable
No securities investment in the report period.
VI. Statement on holding of otherPLCs’ shares
[] Applicable;[V] Not applicable
The Company was not holding shares of any other PLC as of the end of report period.
VII. Investment on derivate instruments
[] Applicable;[V] Not applicable
No derivate instrument investment in the report period.
VIII. Reception of investigations, communications, or interviews
[V] Applicable[]Not applicable
|||||||
|-|-|-|-|-|-|
||||||Main content involved and|
|Time/date|Place|Way|Type of visitors|Visitors||
||||||material provided|
|||||Zhongzhou Future||
||Bengang Jinshan|||||
|Aug 27 2015||Field research|Institute|Co., Ltd. Zhongcai|Business operation|
||Hotel|||||
|||||Future Co., Ltd.||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Bengang Steel Plate Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current asset:|||
|Monetary capital|3,742,891,429.38|9,792,940,409.40|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets accounted at fair value and fluctuation accounted into current income|||
|Deductive financial assets|||
|Notes receivable|1,775,510,647.83|2,089,039,261.13|
|Account receivable|492,383,200.73|487,767,042.22|
|Prepayment|1,337,889,632.13|1,236,314,004.73|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable||7,011,095.89|
|Dividend receivable|||
|Other account receivable|255,938,371.30|257,708,098.03|
|Repurchasing of financial assets|||
|Inventories|12,575,790,397.12|11,008,413,817.92|
|Categorized as asset hold for sale|||
|Non-current asset due in 1 year|||
|Other current asset|398,714,018.90|457,504,509.43|
|Total of current asset|20,579,117,697.39|25,336,698,238.75|
|Non-current assets|||
|Loans and payment on other’s behalf disbursed|||
|Sellable financial asset|20,271,278.63|20,271,278.63|
|Expired investment in possess|||
|Long-term receivable|||
|Long-term share equity investment|||
|Investment real estates|||
|Fixed assets|16,644,706,403.44|17,144,282,253.99|
|Construction in process|8,021,397,431.49|6,126,175,722.67|
|Engineering goods|4,400,166.30|90,221,101.46|
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|267,005,676.87|271,459,969.75|
|R&D expense|||
|Goodwill|||
|Long-term amortizable expenses|||
|Deferred income tax asset|198,916,628.79|181,494,465.42|
|Other non-current asset|||
|Total of non-current assets|25,156,697,585.52|23,833,904,791.92|
|Total of assets|45,735,815,282.91|49,170,603,030.67|
|Current liabilities|||
|Short-term loans|14,826,172,044.44|18,187,945,675.93|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|Financial liabilities booked as current gain/loss at fair value|||
|Deductive financial liability|||
|Notes payable|1,162,539,292.37|822,581,591.46|
|Account payable|6,823,330,952.53|8,780,948,804.18|
|Advances received|2,797,254,771.23|3,144,418,091.52|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|58,623,433.87|35,383,951.55|
|Tax payable|20,664,623.02|32,323,181.76|
|Interest payable|57,466,314.93|26,935,067.99|
|Dividend payable|||
|Other account payable|408,241,587.79|469,316,015.83|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities categorized as hold for sale|||
|Non-current liability due in 1 year|798,380,000.00|591,740,000.00|
|Other current liability|||
|Total of current liability|26,952,673,020.18|32,091,592,380.22|
|Non-current liabilities|||
|Long-term borrowings|1,004,295,862.42|814,627,465.85|
|Bond payable|1,500,000,000.00||
|Incl. Preference Shares|||
|Perpetual liability|||
|Long-term payable|||
|Long-term employee wage payable|||
|Special payable|||
|Expected liabilities|||
|Differed income|416,582,000.00|427,524,000.00|
|Deferred income tax liability|||
|Other non-recurring liabilities|||
|Total of non-current liabilities|2,920,877,862.42|1,242,151,465.85|
|Total of liability|29,873,550,882.60|33,333,743,846.07|
|Owners‟ equity:|||
|Share capital|3,136,000,000.00|3,136,000,000.00|
|Other equity instruments|||
|Incl. Preference Shares|||
|Perpetual liability|||
|Capital reserves|9,114,845,542.05|9,114,845,542.05|
|Less: Shares in stock|||
|Other misc incomes|||
|Special reserves|8,280,194.40|430,777.94|
|Surplus reserves|961,105,529.85|961,105,529.85|
|Common risk provision|||
|Retained profit|2,178,492,524.15|2,172,180,473.24|
|Total of owner’s equity belong to the parent company|15,398,723,790.45|15,384,562,323.08|
|Minor shareholders’ equity|463,540,609.86|452,296,861.52|
|Total of owners’ equity|15,862,264,400.31|15,836,859,184.60|
|Total of liabilities and owners’ equity|45,735,815,282.91|49,170,603,030.67|

 Legal representative: Zhao Zhongmin CFO: Han Ge Accounting Manager: Wang Shaoyu
Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) 2. Balance Sheet of the Parent Company
In RMB Yuan
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current asset:|||
|Monetary capital|3,515,470,444.45|9,530,304,140.51|
|Financial assets accounted at fair value and fluctuation accounted into current income|||
|Deductive financial assets|||
|Notes receivable|1,655,716,162.45|1,863,613,673.54|
|Account receivable|405,583,902.70|388,842,194.63|
|Prepayment|1,247,889,632.13|1,126,416,683.45|
|Interest receivable||7,011,095.89|
|Dividend receivable|||
|Other account receivable|309,967,412.42|302,622,013.53|
|Inventories|10,734,389,555.29|9,215,120,654.72|
|Categorized as asset hold for sale|||
|Non-current asset due in 1 year|||
|Other current asset|372,619,998.05|404,119,874.38|
|Total of current asset|18,241,637,107.49|22,838,050,330.65|
|Non-current assets|||
|Sellable financial asset|18,303,673.00|18,303,673.00|
|Expired investment in possess|||
|Long-term receivable|||
|Long-term share equity investment|1,690,981,902.16|1,690,981,902.16|
|Investment real estates|||
|Fixed assets|13,839,833,142.69|14,089,675,221.83|
|Construction in process|7,958,142,839.90|6,074,588,463.12|
|Engineering goods|4,008,556.64|90,221,101.46|
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|159,521,124.15|162,000,727.11|
|R&D expense|||
|Goodwill|||
|Long-term amortizable expenses|||
|Deferred income tax asset|95,936,382.70|81,964,982.51|
|Other non-current asset|||
|Total of non-current assets|23,766,727,621.24|22,207,736,071.19|
|Total of assets|42,008,364,728.73|45,045,786,401.84|
|Current liabilities|||
|Short-term loans|13,647,881,300.01|16,028,552,000.00|
|Financial liabilities booked as current gain/loss at fair value|||
|Deductive financial liability|||
|Notes payable|858,025,201.53|732,475,382.04|
|Account payable|6,585,276,761.84|8,914,580,556.14|
|Advances received|2,015,459,662.52|2,639,010,215.36|
|Employees’ wage payable|58,078,756.14|32,213,350.61|
|Tax payable|8,168,320.07|7,979,826.50|
|Interest payable|54,057,966.35|5,080,000.00|
|Dividend payable|||
|Other account payable|301,407,779.41|327,382,843.61|
|Liabilities categorized as hold for sale|||
|Non-current liability due in 1 year|798,380,000.00|308,740,000.00|
|Other current liability|||
|Total of current liability|24,326,735,747.87|28,996,014,174.26|
|Non-current liabilities|||
|Long-term borrowings|1,004,295,862.42|814,627,465.85|
|Bond payable|1,500,000,000.00||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|Incl. Preference Shares|||
|Perpetual liability|||
|Long-term payable|||
|Long-term employee wage payable|||
|Special payable|||
|Expected liabilities|||
|Differed income|416,582,000.00|427,524,000.00|
|Deferred income tax liability|||
|Other non-recurring liabilities|||
|Total of non-current liabilities|2,920,877,862.42|1,242,151,465.85|
|Total of liability|27,247,613,610.29|30,238,165,640.11|
|Owners‟ equity:|||
|Share capital|3,136,000,000.00|3,136,000,000.00|
|Other equity instruments|||
|Incl. Preference Shares|||
|Perpetual liability|||
|Capital reserves|8,694,693,859.93|8,694,693,859.93|
|Less: Shares in stock|||
|Other misc incomes|||
|Special reserves|8,280,194.40|430,777.94|
|Surplus reserves|961,105,529.85|961,105,529.85|
|Retained profit|1,960,671,534.26|2,015,390,594.01|
|Total of owners’ equity|14,760,751,118.44|14,807,620,761.73|
|Total of liabilities and owners’ equity|42,008,364,728.73|45,045,786,401.84|

 3. Income Statement (Consolidated) of the Report Period
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Total revenue|5,018,448,900.24|10,383,901,975.97|
|Incl. Business income|5,018,448,900.24|10,383,901,975.97|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|4,999,089,186.11|10,332,362,031.31|
|Incl. Business cost|3,985,783,772.69|9,551,141,344.56|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net insurance policy reserves provided|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|7,762,405.33|44,236,996.97|
|Sales expense|249,532,039.19|172,469,064.80|
|Administrative expense|191,518,290.30|286,238,127.54|
|Financial expenses|553,412,238.77|271,282,298.04|
|Asset impairment loss|11,080,439.83|6,994,199.40|
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|642,273.97|7,290,248.43|
|Incl. Investment gains from affiliates|||
|Exchange gains (“-“ for loss)|||
|III. Operational profit (“-“ for loss)|20,001,988.10|58,830,193.09|
|Plus: Non business income|12,553,902.85|3,124,159.02|
|Incl. Gains from disposal of non-current assets|4,227,427.11|14,434.70|
|Less: Non-business expenses|93,793.74|41,240.73|
|Incl. Loss from disposal of non-current assets|93,793.74|41,240.73|
|IV. Gross profit (“-“ for loss)|32,462,097.21|61,913,111.38|
|Less: Income tax expenses|3,090,980.55|7,695,000.48|
|V. Net profit (“-“ for net loss)|29,371,116.66|54,218,110.90|
|Net profit attributable to the owners of parent company|35,104,914.65|27,917,466.35|

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|Minor shareholders’ equity|-5,733,797.99|26,300,644.55|
|VI. Net amount of other gains after tax|||
|Net amount of other gains after tax attributable to owners of parent company|||
|(I) Other gains not able to be relocated to gain/loss afterward|||
|1. Change of net liability or asset of beneficiary plan from recalculating|||
|2. The share of other gains in invested entities under equity basis which are|||
|not able to be relocated to gain/loss categories|||
|(II) Other gains which will be relocated to gain/loss in the future|||
|1. The share of other gains in invested entities under equity basis which are|||
|to be relocated to gain/loss categories|||
|2. Gain/loss from change of fair value of sellable financial asset|||
|3. Gain/loss from relocating of investment held to mature which is|||
|relocated to sellable financial asset|||
|4. Effective part of gain/loss from cash flow hedge operation|||
|5. Difference in translating of foreign currency accounts|||
|6. Others|||
|Net amount of other gains after tax attributable to minority shareholders|||
|VII. Total of integrated income|29,371,116.66|54,218,110.90|
|Total of misc. incomes attributable to the owners of the parent company|35,104,914.65|27,917,466.35|
|Total misc gains attributable to the minor shareholders|-5,733,797.99|26,300,644.55|
|VIII. Earning per share|||
|(I) Basic earnings per share|0.011|0.009|
|(II) Diluted earnings per share|0.011|0.009|

 If there are entities merged under common control, their net profit realized before the merger were totaled toRMB***. While it wasRMB*** previous period.
Legal representative: Zhao Zhongmin CFO: Han Ge Accounting Manager: Wang Shaoyu
4. Income Statement (Parent Co.) of the Report Period
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Turnover|5,727,345,071.98|10,818,281,641.87|
|Less: Operation cost|4,747,476,098.85|10,228,260,342.02|
|Business tax and surcharge|31,262.08|38,220,450.33|
|Sales expense|213,430,476.87|129,947,728.58|
|Administrative expense|177,809,001.92|269,491,394.49|
|Financial expenses|534,681,668.91|245,405,900.43|
|Asset impairment loss|9,186,144.81|4,149,004.95|
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|642,273.97|4,010,958.92|
|Incl. Investment gains from affiliates|||
|II. Operational profit (“-“ for loss)|45,372,692.51|-93,182,220.01|
|Plus: Non business income|12,437,296.73|2,979,310.54|
|Incl. Gains from disposal of non-current assets|4,227,427.11|14,434.70|
|Less: Non-business expenses|8,686.75|41,240.73|
|Incl. Loss from disposal of non-current assets|8,686.75|41,240.73|
|III. Total profit (“-“ for loss)|57,801,302.49|-90,244,150.20|
|Less: Income tax expenses|-78,683.79|-431,239.64|
|IV. Net profit (“-“ for net loss)|57,879,986.28|-89,812,910.56|
|V. Net amount of other gains after tax|||
|(I) Other gains not able to be relocated to gain/loss afterward|||
|1. Change of net liability or asset of beneficiary plan from recalculating|||
|2. The share of other gains in invested entities under equity basis which are|||
|not able to be relocated to gain/loss categories|||
|(II) Other gains which will be relocated to gain/loss in the future|||
|1. The share of other gains in invested entities under equity basis which are|||
|to be relocated to gain/loss categories|||
|2. Gain/loss from change of fair value of sellable financial asset|||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|3. Gain/loss from relocating of investment held to mature which is|||
|relocated to sellable financial asset|||
|4. Effective part of gain/loss from cash flow hedge operation|||
|5. Difference in translating of foreign currency accounts|||
|6. Others|||
|VI. Total of other gains|57,879,986.28|-89,812,910.56|
|VII. Earning per share|||
|(I) Basic earnings per share|0.018|-0.029|
|(II) Diluted earnings per share|0.018|-0.029|

 5. Income Statement (Consolidated) (Jan. 1– Sept. 30, 2015)
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Total revenue|21,363,364,061.42|30,196,578,257.78|
|Incl. Business income|21,363,364,061.42|30,196,578,257.78|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|21,229,584,863.99|29,969,155,487.20|
|Incl. Business cost|18,887,333,123.26|27,690,267,425.28|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net insurance policy reserves provided|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|38,872,932.66|109,330,862.45|
|Sales expense|727,881,318.33|544,974,481.95|
|Administrative expense|569,109,337.75|908,794,574.91|
|Financial expenses|944,811,866.14|683,300,684.32|
|Asset impairment loss|61,576,285.85|32,487,458.29|
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|7,226,589.08|20,845,473.00|
|Incl. Investment gains from affiliates|||
|Exchange gains (“-“ for loss)|||
|III. Operational profit (“-“ for loss)|141,005,786.51|248,268,243.58|
|Plus: Non business income|54,776,907.31|13,301,179.40|
|Incl. Gains from disposal of non-current assets|7,155,188.26|3,054,319.93|
|Less: Non-business expenses|20,755,118.94|45,152.91|
|Incl. Loss from disposal of non-current assets|20,755,118.94|45,152.91|
|IV. Gross profit (“-“ for loss)|175,027,574.88|261,524,270.07|
|Less: Income tax expenses|671,775.63|18,136,666.39|
|V. Net profit (“-“ for net loss)|174,355,799.25|243,387,603.68|
|Net profit attributable to the owners of parent company|163,112,050.91|201,811,775.99|
|Minor shareholders’ equity|11,243,748.34|41,575,827.69|
|VI. Net amount of other gains after tax|||
|Net amount of other gains after tax attributable to owners of parent company|||
|(I) Other gains not able to be relocated to gain/loss afterward|||
|1. Change of net liability or asset of beneficiary plan from recalculating|||
|2. The share of other gains in invested entities under equity basis which|||
|are not able to be relocated to gain/loss categories|||
|(II) Other gains which will be relocated to gain/loss in the future|||
|1. The share of other gains in invested entities under equity basis which|||
|are to be relocated to gain/loss categories|||
|2. Gain/loss from change of fair value of sellable financial asset|||
|3. Gain/loss from relocating of investment held to mature which is|||
|relocated to sellable financial asset|||
|4. Effective part of gain/loss from cash flow hedge operation|||
|5. Difference in translating of foreign currency accounts|||

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|6. Others|||
|Net amount of other gains after tax attributable to minority shareholders|||
|VII. Total of integrated income|174,355,799.25|243,387,603.68|
|Total of misc. incomes attributable to the owners of the parent company|163,112,050.91|201,811,775.99|
|Total misc gains attributable to the minor shareholders|11,243,748.34|41,575,827.69|
|VIII. Earning per share|||
|(I) Basic earnings per share|0.052|0.064|
|(II) Diluted earnings per share|0.052|0.064|

 If there are entities merged under common control, their net profit realized before the merger were totaled toRMB***. While it wasRMB*** previous period.
6. Income Statement (Parent Co.) (Jan. 1– Sept. 30, 2015)
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Turnover|22,946,968,744.42|31,605,935,442.63|
|Less: Operation cost|20,822,808,789.04|29,672,441,206.07|
|Business tax and surcharge|25,377,987.04|89,878,270.23|
|Sales expense|602,563,831.95|423,641,369.03|
|Administrative expense|525,469,968.99|859,652,895.68|
|Financial expenses|881,677,591.95|580,991,377.30|
|Asset impairment loss|39,545,707.32|14,874,953.21|
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|7,226,589.08|16,389,712.34|
|Incl. Investment gains from affiliates|||
|II. Operational profit (“-“ for loss)|56,751,457.21|-19,154,916.55|
|Plus: Non business income|52,028,094.80|11,686,855.84|
|Incl. Gains from disposal of non-current assets|5,442,429.49|3,054,319.93|
|Less: Non-business expenses|20,670,011.95|45,152.91|
|Incl. Loss from disposal of non-current assets|20,670,011.95|45,152.91|
|III. Total profit (“-“ for loss)|88,109,540.06|-7,513,213.62|
|Less: Income tax expenses|-13,971,400.19|-2,181,457.35|
|IV. Net profit (“-“ for net loss)|102,080,940.25|-5,331,756.27|
|V. Net amount of other gains after tax|||
|(I) Other gains not able to be relocated to gain/loss afterward|||
|1. Change of net liability or asset of beneficiary plan from recalculating|||
|2. The share of other gains in invested entities under equity basis which|||
|are not able to be relocated to gain/loss categories|||
|(II) Other gains which will be relocated to gain/loss in the future|||
|1. The share of other gains in invested entities under equity basis which|||
|are to be relocated to gain/loss categories|||
|2. Gain/loss from change of fair value of sellable financial asset|||
|3. Gain/loss from relocating of investment held to mature which is|||
|relocated to sellable financial asset|||
|4. Effective part of gain/loss from cash flow hedge operation|||
|5. Difference in translating of foreign currency accounts|||
|6. Others|||
|VI. Total of other gains|102,080,940.25|-5,331,756.27|
|VII. Earning per share|||
|(I) Basic earnings per share|0.033|-0.002|
|(II) Diluted earnings per share|0.033|-0.002|

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text) 7. Cash Flow Statement (Consolidated)(Jan. 1– Sept. 30, 2015)
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Net cash flow from business operation|||
|Cash received from sales of products and providing of services|16,266,245,235.29|22,269,972,032.15|
|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 increased amount of financial assets on fair value and with changes|||
|accounted into current gain/loss|||
|Cash received as interest, processing fee, and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|662,521,114.16|68,932,133.31|
|Other cash received from business operation|91,668,231.59|100,710,062.18|
|Sub-total of cash inflow from business activities|17,020,434,581.04|22,439,614,227.64|
|Cash paid for purchasing of merchandise and services|16,366,576,026.70|20,154,313,796.76|
|Net increase of client trade and advance|||
|Net increase of savings in 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|1,382,466,323.65|1,689,348,579.69|
|Taxes paid|304,290,794.39|501,971,818.94|
|Other cash paid for business activities|367,215,382.23|329,248,626.97|
|Sub-total of cash outflow from business activities|18,420,548,526.97|22,674,882,822.36|
|Cash flow generated by business operation, net|-1,400,113,945.93|-235,268,594.72|
|II. Cash flow generated by investing|||
|Cash received from investment retrieving|1,747,000,000.00|8,214,370,000.00|
|Cash received as investment gains|7,226,589.08|20,845,473.00|
|Net cash retrieved from disposal of fixed assets, intangible assets, and other|||
||6,407,771.07|131,010.80|
|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 investment activities|1,760,634,360.15|8,235,346,483.80|
|Cash paid for construction of fixed assets, intangible assets and other long-term|||
||1,976,666,364.11|1,237,913,719.32|
|assets|||
|Cash paid as investment|1,747,000,000.00|7,684,370,000.00|
|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 investment activities|3,723,666,364.11|8,922,283,719.32|
|Net cash flow generated by investment|-1,963,032,003.96|-686,937,235.52|
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Incl. Cash received as investment from minor shareholders|||
|Cash received as loans|10,227,293,035.82|10,190,304,700.00|
|Cash received from bond placing|||
|Other financing-related cash received|||
|Subtotal of cash inflow from financing activities|10,227,293,035.82|10,190,304,700.00|
|Cash to repay debts|11,714,835,352.66|7,619,071,691.10|
|Cash paid as dividend, profit, or interests|1,031,281,578.31|870,037,096.28|
|Incl. Dividend and profit paid by subsidiaries to minor shareholders|||
|Other cash paid for financing activities|||
|Subtotal of cash outflow due to financing activities|12,746,116,930.97|8,489,108,787.38|
|Net cash flow generated by financing|-2,518,823,895.15|1,701,195,912.62|
|IV. Influence of exchange rate alternation on cash and cash equivalents|49,806,775.81|749,761.37|
|V. Net increase of cash and cash equivalents|-5,832,163,069.23|779,739,843.75|

Bengang Steel Plates Co., Ltd. The 3rd Quarterly Report 2015 (Full Text)
||||
|-|-|-|
|Plus: Balance of cash and cash equivalents at the beginning of term|9,327,034,030.07|4,574,532,598.83|
|VI. Balance of cash and cash equivalents at the end of term|3,494,870,960.84|5,354,272,442.58|

 8. Cash Flow Statement (Parent Co.)(Jan. 1– Sept. 30, 2015)
In RMB Yuan
||||
|-|-|-|
||Occurred current|Occurred in previous|
|Items|||
||term|term|
|I. Net cash flow from business operation|||
|Cash received from sales of products and providing of services|17,125,620,967.15|23,551,146,202.09|
|Tax returned|580,257,065.94|45,691,196.11|
|Other cash received from business operation|84,989,052.66|93,429,119.81|
|Sub-total of cash inflow from business activities|17,790,867,085.75|23,690,266,518.01|
|Cash paid for purchasing of merchandise and services|18,818,738,975.87|22,084,905,911.37|
|Cash paid to staffs or paid for staffs|1,314,515,875.18|1,582,544,300.92|
|Taxes paid|164,895,584.21|333,013,170.45|
|Other cash paid for business activities|304,105,155.51|264,828,429.24|
|Sub-total of cash outflow from business activities|20,602,255,590.77|24,265,291,811.98|
|Cash flow generated by business operation, net|-2,811,388,505.02|-575,025,293.97|
|II. Cash flow generated by investing|||
|Cash received from investment retrieving|1,747,000,000.00|7,440,000,000.00|
|Cash received as investment gains|7,226,589.08|16,389,712.34|
|Net cash retrieved from disposal of fixed assets, intangible assets, and other|||
||6,367,771.07|131,010.80|
|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 investment activities|1,760,594,360.15|7,456,520,723.14|
|Cash paid for construction of fixed assets, intangible assets and other long-term|||
||1,959,576,291.15|1,225,009,067.83|
|assets|||
|Cash paid as investment|1,747,000,000.00|6,910,000,000.00|
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|3,706,576,291.15|8,135,009,067.83|
|Net cash flow generated by investment|-1,945,981,931.00|-678,488,344.69|
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|9,644,293,035.82|8,626,994,500.00|
|Cash received from bond placing|||
|Other financing-related cash received|||
|Subtotal of cash inflow from financing activities|9,644,293,035.82|8,626,994,500.00|
|Cash to repay debts|9,792,163,833.61|5,839,225,142.81|
|Cash paid as dividend, profit, or interests|967,566,960.75|787,964,325.84|
|Other cash paid for financing activities|||
|Subtotal of cash outflow due to financing activities|10,759,730,794.36|6,627,189,468.65|
|Net cash flow generated by financing|-1,115,437,758.54|1,999,805,031.35|
|IV. Influence of exchange rate alternation on cash and cash equivalents|49,792,024.32|3,487,621.18|
|V. Net increase of cash and cash equivalents|-5,823,016,170.24|749,779,013.87|
|Plus: Balance of cash and cash equivalents at the beginning of term|9,090,466,146.15|4,304,424,513.46|
|VI. Balance of cash and cash equivalents at the end of term|3,267,449,975.91|5,054,203,527.33|

 II.Auditors’ Report
If the 3rd quarterly report been audited
[] Yes[V] No
The 3rd quarterly report has not been audited.