Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text Bengang Steel Plates Co., Ltd.
st
The 1 Quarterly Report 2014
April 2014
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 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– Wang Shu, Chief Financial Officer– Hange, and Head of AccountingDept.– Mr. Wang Shaoyu, hereby declare: the authenticity, accuracy, and integrality of the report are guaranteed.
This report is available in both Chinese and English versions. When there should be any conflict in interpreting between the two versions, the Chinese version shall prevail.
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 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?
[V]Yes[] No
||||||
|-|-|-|-|-|
|||||Increase/decrease|
|||Same period last year|||
||This report term|||(%)|
|||Not adjusted|Adjusted|Adjusted|
||9,705,291,532.93|11,164,968,781.08|10,329,621,315.63|-6.04%|
|Turnover (RMB)|||||
|Net profit attributable to shareholders of the listed|115,963,695.53|102,861,884.34|106,906,185.56|8.47%|
|company (yuan)|||||
|Net profit attributable to the shareholders of the|||||
||106,695,151.16|92,877,223.31|97,765,421.51|9.13%|
|listed company and after deducting of non-recurring|||||
|gain/loss(RMB)|||||
|Net Cash flow generated by business operation|-1,262,035,328.12|-653,089,936.96|748,728,865.44|-268.56%|
|(RMB)|||||
||0.037|0.033|0.034|8.82%|
|Basic earnings per share (Yuan/share)|||||
||0.037|0.033|0.034|8.82%|
|Diluted earnings per share (Yuan/share)|||||
|Weighted average net|0.75%|0.67%|0.68%|0.07%|
|income/asset ratio (%)|||||
||Ended this report|End of prev. year||Changed by %|
||term|Not adjusted|Adjusted|Adjusted|
||44,140,553,166.99|42,899,450,665.72|43,050,307,324.66|2.53%|
|Gross Assets (RMB)|||||
||15,428,472,791.88|15,308,337,697.63|15,308,337,697.63|0.78%|
|Net asset attributable to owners of the PLC|||||

 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|||
||1,834,698.29||
|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 national|900,000.00||
|policy , or in accordance with fixed standards or quantities|||
|Gain/loss from non-monetary assets|6,923,301.36||
|Gain/loss from debt reorganization|2,437,585.98||
|Other non-business income and expenditures other than the above|341,726.64||
|Less: Influenced amount of income tax|3,109,328.07||
|Influence on minority shareholders‟ quity (after tax)|59,439.83||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
|Total|9,268,544.37|--|

 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
II. Total of shareholders and top-10 holders of current shares at end of period
In shares
||||||||
|-|-|-|-|-|-|-|
|Total shareholders at the end of the report period||54,900|||||
|Top 10 Shareholders|||||||
|||||Amount of|Frozen or pledged||
||Properties of|Share|||||
|Name of the shareholder|||Amount of shares|unconditional shares|||
||shareholder|proportion (%)|||Status of shares|Amount|
|||||held|||
|Benxi Steel (Group) Ltd.|State-ownedlegal person|82.07%|2,573,632,420||||
|GIC PRIVATE LIMITED|Overseas legalperson|0.83%|26,055,632||||
|GSIC A/C MONETARYAUTHORITY OF SINGAPORE|Overseas legalperson|0.32%|10,179,400||||
|BBH A/C VANGUARD EMERGINGMARKETS STOCK INDEX FUND|Overseas legalperson|0.26%|8,157,311||||
|HSBC BROKING SECURITIES(ASIA) LIMITED-CLIENTS A/C|Overseas legalperson|0.11%|3,535,800||||
|SEUNG YEOL PARK|Overseasnatural person|0.11%|3,434,495||||
|LSV EMERGING MARKETSEQUITY FUND,L.P.|Overseas legalperson|0.11%|3,385,700||||
|Bao Xinfa|Domesticnatural person|0.1%|3,202,204||||
|Taifook Securities CompanyLimited-Account Client|Overseas legalperson|0.1%|3,136,109||||
|Wukuang Int‟l Trust Co., Ltd. –Wukuang Trust – Zhongyuan HuiyingSecurities Investment Trust Program|Others|0.07%|2,217,522||||
|Top 10 holders of unconditional shares|||||||
||||||Category of shares||
|Name of the shareholder||Amount of shares without trade limited conditions|||||
||||||Category of shares|Amount|
|Benxi Steel (Group) Ltd.||2,573,632,420|||RMB common shares|2,573,632,420|
|GIC PRIVATE LIMITED||26,055,632|||Foreign shares placed||
|||||||26,055,632|
||||||in domestic exchange||
|GSIC A/C MONETARY AUTHORITY OFSINGAPORE||10,179,400|||Foreign shares placed||
|||||||10,179,400|
||||||in domestic exchange||
|BBH A/C VANGUARD EMERGING MARKETSSTOCK INDEX FUND||8,157,311|||Foreign shares placed||
|||||||8,157,311|
||||||in domestic exchange||
|HSBC BROKING SECURITIES (ASIA)LIMITED-CLIENTS A/C||3,535,800|||Foreign shares placed||
|||||||3,535,800|
||||||in domestic exchange||
|SEUNG YEOL PARK||3,434,495|||Foreign shares placed||
|||||||3,434,495|
||||||in domestic exchange||
|LSV EMERGING MARKETS EQUITY FUND,L.P.||3,385,700|||Foreign shares placed||
|||||||3,385,700|
||||||in domestic exchange||
|Bao Xinfa||3,202,204|||Foreign shares placed||
|||||||3,202,204|
||||||in domestic exchange||
|Taifook Securities Company Limited-Account Client||3,136,109|||Foreign shares placed||
|||||||3,136,109|
||||||in domestic exchange||
|Wukuang Int‟l Trust Co., Ltd. – Wukuang Trust –Zhongyuan Huiying Securities Investment TrustProgram||2,217,522|||||
||||||RMB common shares|2,217,522|
|||It is unknown to the Company whether there is any related connection or „Action in Concert‟ as|||||
|Notes to relationship or “action in concert” among|||||||
|||described by Rules of Information Disclosing Regarding Changing of Shareholding Status of Listed|||||
|the top ten shareholders.|||||||
|||Companies existing among the above shareholders.|||||

Was there any agreed repurchasing trade by shareholders in the report period
[] Yes[V] No
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
* Major items in the consolidated statements which have changed by over30% from the end of 2013
||||
|-|-|-|
|I. Balance Sheet Items|Rate ofchange|Cause of change|
|Notes receivable|60%|Increase of notes receivable received in the period|
|Other current asset|-53%|Cashing of all bank financing instrumentspurchased in the period|
|Engineering goods|72%|Increase of un-delivered engineering goodspurchased in the period|
|Notes payable|175%|Increase of payable bill financing in the period|
|Tax payable|-54%|Decrease of VAT payable|
|Non-current liability due in 1 year|-40%|Increase of repayment of long-term loans due in 1year|
|Special reserves|1977%|Decrease of safety expense provision drawn in theperiod|
|II. Income Statement Items|Rate ofchange|Cause of change|
|Business tax and surcharge|-79%|Decrease of VAT payable|
|Investment income|2453%|Increase of bank financing instruments purchasedthis period|
|Non-operational income|-59%|Decrease of gains from debt reconstitution|
|Income tax expenses|-66%|Decrease of profit by subsidiaries|
|Minor shareholders’ equity|226%|Increase of profit by holding subsidiaries|
|III. Cash Flow Statement|Rate ofchange|Cause of change|
|Tax returned|-97%|Decrease of tax refund|
|Taxes paid|-67%|Decrease of tax, e.g. VAT, paid this period|
|Cash received from investment retrieving|1285%|Increase of bank financing instruments purchasedthis period|
|Cash received as investment profit|2453%|Increase of bank financing instruments purchasedthis period|
|Cash paid as investment|1020%|Increase of bank financing instruments purchasedthis period|
|Cash to repay debts|-43%|Decrease of bank loans repaid this period|

II. Analyze of significant issues and solutions
On January 26, 2014, as approved by the 5th meeting of the 6th term of Board, the Company was about to issue corporation bond up
to RMB3 billion (included) to the public. This proposal was approved at the 1stshareholders‟ provisional meeting of 2014. It was
submitted to related authorities for verification.
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
|Summary of material issues|Date of disclosure|Index of provisional announcement|
|Approved by the provisional shareholders‟meeting, and is filed to the authorities forverification currently|||
||Feb 19, 2014|http//www.cninfo.com.cn|

III. Business prospect for Jan-Jun 2014
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
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 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:|||
||4,349,177,238.63|4,574,532,598.83|
|Monetary capital|||
|Settlement provision|||
|Outgoing call loan|||
|Transactional financial assets|||
||3,891,238,881.43|2,433,550,653.99|
|Notes receivable|||
||394,319,846.01|354,770,643.94|
|Account receivable|||
||1,067,543,984.51|1,057,057,803.49|
|Prepayment|||
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|||
|Dividend receivable|||
||206,283,851.71|187,896,130.26|
|Other account receivable|||
|Repurchasing of financial assets|||
||12,226,170,514.60|11,607,047,545.14|
|Inventories|||
|Non-current asset due in 1 year|||
||401,639,119.97|863,068,482.67|
|Other current asset|||
||22,536,373,436.86|21,077,923,858.32|
|Total of current asset|||
|Non-current assets|||
|Disburse of consigned loans|||
|Sellable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
||20,271,278.63|20,271,278.63|
|Long-term share equity investment|||
|Investment real estates|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||18,012,488,949.13|18,574,585,898.20|
|Fixed assets|||
||3,261,774,313.58|3,072,825,789.22|
|Construction in process|||
||13,424,214.33|7,821,295.85|
|Engineering goods|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
||111,433,932.55|112,092,162.53|
|Intangible assets|||
|R&D expense|||
|Goodwill|||
|Long-term amortizable expenses|||
||184,787,041.91|184,787,041.91|
|Deferred income tax asset|||
|Other non-current asset|||
||21,604,179,730.13|21,972,383,466.34|
|Total of non-current assets|||
||44,140,553,166.99|43,050,307,324.66|
|Total of assets|||
|Current liabilities|||
||15,756,023,596.91|14,242,610,696.91|
|Short-term loans|||
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Transactional financial liabilities|||
||421,818,530.85|153,175,292.90|
|Notes payable|||
||6,609,730,561.60|7,440,328,267.35|
|Account payable|||
||3,169,563,605.80|2,665,468,224.81|
|Advances received|||
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
||82,139,685.63|84,786,965.55|
|Employees’ wage payable|||
||13,373,918.49|29,240,548.05|
|Tax payable|||
||23,933,718.43|24,854,193.88|
|Interest payable|||
|Dividend payable|||
||442,690,216.96|485,579,109.34|
|Other account payable|||
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||699,200,989.99|1,163,814,681.99|
|Non-current liability due in 1 year|||
|Other current liability|||
||27,218,474,824.66|26,289,857,980.78|
|Total of current liability|||
|Non-current liabilities|||
||772,918,776.28|745,666,892.70|
|Long-term borrowings|||
|Bond payable|||
|Long-term payable|||
|Special payable|||
|Expected liabilities|||
|Deferred income tax liability|||
||348,626,224.00|336,216,224.00|
|Other non-recurring liabilities|||
||1,121,545,000.28|1,081,883,116.70|
|Total of non-current liabilities|||
||28,340,019,824.94|27,371,741,097.48|
|Total of liability|||
|Owners’ equity (or shareholders’ equity)|||
||3,136,000,000.00|3,136,000,000.00|
|Capital paid in (or share capital)|||
||9,114,845,542.05|9,114,845,542.05|
|Capital reserves|||
|Less: Shares in stock|||
||4,382,371.40|210,972.68|
|Special reserves|||
||956,694,103.74|956,694,103.74|
|Surplus reserves|||
|Common risk provision|||
||2,216,550,774.69|2,100,587,079.16|
|Retained profit|||
|Different of foreign currency translation|||
||15,428,472,791.88|15,308,337,697.63|
|Total of owner’s equity belong to the parent company|||
||372,060,550.17|370,228,529.55|
|Minor shareholders’ equity|||
||15,800,533,342.05|15,678,566,227.18|
|Total of owners‟ equity (or shareholders‟ equity)|||
||44,140,553,166.99|43,050,307,324.66|
|Total of liability and shareholders‟ equity (or owners‟ equity)|||

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
2. Balance Sheet of the Parent Company
Bengang Steel Plate Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current asset:|||
||3,963,883,808.15|4,304,424,513.46|
|Monetary capital|||
|Transactional financial assets|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
||3,583,876,741.36|2,287,026,533.02|
|Notes receivable|||
||686,573,414.02|651,280,698.09|
|Account receivable|||
||974,247,599.32|963,761,418.30|
|Prepayment|||
|Interest receivable|||
|Dividend receivable|||
||311,222,846.97|261,165,598.02|
|Other account receivable|||
||10,405,749,658.42|9,885,156,126.53|
|Inventories|||
|Non-current asset due in 1 year|||
||316,172,562.66|806,197,784.04|
|Other current asset|||
||20,241,726,630.90|19,159,012,671.46|
|Total of current asset|||
|Non-current assets|||
|Sellable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
||1,709,285,575.16|1,709,285,575.16|
|Long-term share equity investment|||
|Investment real estates|||
||14,763,763,422.48|15,229,658,352.73|
|Fixed assets|||
||3,228,441,667.08|3,044,697,564.93|
|Construction in process|||
||13,424,214.33|7,821,295.85|
|Engineering goods|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|||
|R&D expense|||
|Goodwill|||
|Long-term amortizable expenses|||
||87,312,493.14|87,312,493.14|
|Deferred income tax asset|||
|Other non-current asset|||
||19,802,227,372.19|20,078,775,281.81|
|Total of non-current assets|||
||40,043,954,003.09|39,237,787,953.27|
|Total of assets|||
|Current liabilities|||
||13,285,007,000.00|12,264,551,200.00|
|Short-term loans|||
||0.00|0.00|
|Transactional financial liabilities|||
||384,768,530.85|144,994,492.90|
|Notes payable|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||7,250,183,245.82|7,570,742,890.27|
|Account payable|||
||2,151,259,471.52|1,985,709,079.59|
|Advances received|||
||79,604,615.76|82,156,107.48|
|Employees’ wage payable|||
||966,116.79|5,633,746.17|
|Tax payable|||
||2,748,373.03|4,008,373.03|
|Interest payable|||
||0.00|0.00|
|Dividend payable|||
||342,009,695.05|297,207,569.77|
|Other account payable|||
||686,750,989.99|1,138,914,681.99|
|Non-current liability due in 1 year|||
||0.00|0.00|
|Other current liability|||
||24,183,298,038.81|23,493,918,141.20|
|Total of current liability|||
|Non-current liabilities|||
||502,368,776.28|487,566,892.70|
|Long-term borrowings|||
||0.00|0.00|
|Bond payable|||
||0.00|0.00|
|Long-term payable|||
||0.00|0.00|
|Special payable|||
||0.00|0.00|
|Expected liabilities|||
||0.00|0.00|
|Deferred income tax liability|||
||348,626,224.00|336,216,224.00|
|Other non-recurring liabilities|||
||850,995,000.28|823,783,116.70|
|Total of non-current liabilities|||
||25,034,293,039.09|24,317,701,257.90|
|Total of liability|||
|Owners’ equity (or shareholders’ equity)|||
||3,136,000,000.00|3,136,000,000.00|
|Capital paid in (or share capital)|||
||8,694,693,859.93|8,694,693,859.93|
|Capital reserves|||
||0.00|0.00|
|Less: Shares in stock|||
||4,382,371.40|210,972.68|
|Special reserves|||
||956,694,103.74|956,694,103.74|
|Surplus reserves|||
||0.00|0.00|
|Common risk provision|||
||2,217,890,628.93|2,132,487,759.02|
|Retained profit|||
|Different of foreign currency translation|||
||15,009,660,964.00|14,920,086,695.37|
|Total of owners‟ equity (or shareholders‟ equity)|||
||40,043,954,003.09|39,237,787,953.27|
|Total of liability and shareholders‟ equity (or owners‟ equity)|||

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text 3. Consolidated Income Statement
Bengang Steel Plate Co., Ltd.
In RMB Yuan
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
||9,705,291,532.93|10,329,621,315.63|
|I. Total revenue|||
||9,705,291,532.93|10,329,621,315.63|
|Incl. Business income|||
||0.00|0.00|
|Interest income|||
||0.00|0.00|
|Insurance fee earned|||
||0.00|0.00|
|Fee and commission received|||
||9,592,368,336.50|10,213,687,519.36|
|II. Total business cost|||
||8,846,017,381.01|9,517,355,310.66|
|Incl. Business cost|||
||0.00|0.00|
|Interest expense|||
||0.00|0.00|
|Fee and commission paid|||
||0.00|0.00|
|Insurance discharge payment|||
||0.00|0.00|
|Net claim amount paid|||
||0.00|0.00|
|Net insurance policy reserves provided|||
||0.00|0.00|
|Insurance policy dividend paid|||
||0.00|0.00|
|Reinsurance expenses|||
||8,104,819.43|38,940,876.57|
|Business tax and surcharge|||
||181,632,279.49|158,290,125.39|
|Sales expense|||
||300,767,064.62|300,777,606.45|
|Administrative expense|||
||255,846,791.95|198,323,600.29|
|Financial expenses|||
||0.00|0.00|
|Asset impairment loss|||
||0.00|0.00|
|Plus: gains from change of fair value (“-“ for loss)|||
||6,923,301.36|271,232.94|
|Investment gains (“-“ for loss)|||
||0.00|0.00|
|Incl. Investment gains from affiliates|||
||0.00|0.00|
|Exchange gains (“-“ for loss)|||
||119,846,497.79|116,205,029.21|
|III. Operational profit (“-“ for loss)|||
||5,514,010.91|13,312,881.37|
|Plus: Non business income|||
||0.00|0.00|
|Less: Non-business expenses|||
||0.00|0.00|
|Incl. Loss from disposal of non-current assets|||
||125,360,508.70|129,517,910.58|
|IV. Gross profit (“-“ for loss)|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||7,564,792.55|22,049,824.21|
|Less: Income tax expenses|||
||117,795,716.15|107,468,086.37|
|V. Net profit (“-“ for net loss)|||
|Including: Net profit realized by the entity taken over before the|0.00|0.00|
|takover|||
||115,963,695.53|106,906,185.56|
|Net profit attributable to the owners of parent company|||
||1,832,020.62|561,900.81|
|Minor shareholders’ equity|||
||--|--|
|VI. Earnings per share:|||
||0.037|0.034|
|(I) Basic earnings per share|||
||0.037|0.034|
|(II) Diluted earnings per share|||
||0.00|0.00|
|VII. Other misc. incomes|||
||117,795,716.15|107,468,086.37|
|VIII. Total of misc. incomes|||
|Total of misc. incomes attributable to the owners of the parent|115,963,695.53|106,906,185.56|
|company|||
||1,832,020.62|561,900.81|
|Total misc gains attributable to the minor shareholders|||

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text 4. Income Statement of the Parent Co.
Bengang Steel Plate Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|I. Turnover|10,207,588,237.56|10,943,752,495.92|
|Less: Operation cost|9,481,537,382.98|10,322,532,219.09|
|Business tax and surcharge|6,250,453.87|35,255,357.49|
|Sales expense|147,706,703.63|116,524,717.33|
|Administrative expense|284,850,445.82|285,435,200.81|
|Financial expenses|213,071,256.16|150,796,353.73|
|Asset impairment loss|0.00|0.00|
|Plus: gains from change of fair value (“-“ for loss)|0.00|0.00|
|Investment gains (“-“ for loss)|6,923,301.36|0.00|
|Incl. Investment gains from affiliates|0.00|0.00|
|II. Operational profit (“-“ for loss)|81,095,296.46|33,208,647.47|
|Plus: Non business income|4,307,573.45|10,016,381.37|
|Less: Non-business expenses|0.00|0.00|
|Incl. Loss from disposal of non-current assets|0.00|0.00|
|III. Total profit (“-“ for loss)|85,402,869.91|43,225,028.84|
|Less: Income tax expenses|0.00|0.00|
|IV. Net profit (“-“ for net loss)|85,402,869.91|43,225,028.84|
|V. Earnings per share|--|--|
|(I) Basic earnings per share|0|0|
|(II) Diluted earnings per share|0|0|
|VI. Other misc gains|0.00|0.00|
|VII. Total of integrated income|85,402,869.91|43,225,028.84|

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text 5. Consolidated Cash Flow Statement
Bengang Steel Plate Co., Ltd.
In RMB Yuan
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
|I. Net cash flow from business operation|||
||7,095,676,511.89|9,234,421,704.32|
|Cash received from sales of products and providing 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 trade financial asset disposal|||
|Cash received as interest, processing fee, and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
||850,000.00|26,449,284.11|
|Tax returned|||
||73,621,580.71|72,481,858.81|
|Other cash received from business operation|||
||7,170,148,092.60|9,333,352,847.24|
|Sub-total of cash inflow from business activities|||
||7,720,481,609.21|7,636,560,117.75|
|Cash paid for purchasing of merchandise and services|||
|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|||
||554,975,247.83|532,268,133.65|
|Cash paid to staffs or paid for staffs|||
||121,871,198.65|371,553,985.69|
|Taxes paid|||
||34,855,365.03|44,241,744.71|
|Other cash paid for business activities|||
||8,432,183,420.72|8,584,623,981.80|
|Sub-total of cash outflow from business activities|||
||-1,262,035,328.12|748,728,865.44|
|Cash flow generated by business operation, net|||
|II. Cash flow generated by investing|||
||2,770,000,000.00|200,000,000.00|
|Cash received from investment retrieving|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||6,923,301.36|271,232.94|
|Cash received as investment profit|||
|Net cash retrieved from disposal of fixed assets, intangible assets, and|107,010.00||
|other long-term assets|||
|Net cash received from disposal of subsidiaries or other operational units|||
|Other investment-related cash received|||
||2,777,030,311.36|200,271,232.94|
|Sub-total of cash inflow due to investment activities|||
|Cash paid for construction of fixed assets, intangible assets and other|500,552,100.00|397,232,117.38|
|long-term assets|||
||2,240,000,000.00|200,000,000.00|
|Cash paid as investment|||
|Net increase of loan against pledge|||
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
||2,740,552,100.00|597,232,117.38|
|Sub-total of cash outflow due to investment activities|||
||36,478,211.36|-396,960,884.44|
|Net cash flow generated by investment|||
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Incl. Cash received as investment from minor shareholders|||
||3,805,243,200.00|3,704,125,800.00|
|Cash received as loans|||
|Cash received from bond placing|||
|Other financing-related cash received|||
||3,805,243,200.00|3,704,125,800.00|
|Subtotal of cash inflow from financing activities|||
||2,755,428,292.59|4,861,909,208.41|
|Cash to repay debts|||
||205,046,260.11|208,307,754.51|
|Cash paid as dividend, profit, or interests|||
|Incl. Dividend and profit paid by subsidiaries to minor shareholders|||
|Other cash paid for financing activities|||
||2,960,474,552.70|5,070,216,962.92|
|Subtotal of cash outflow due to financing activities|||
||844,768,647.30|-1,366,091,162.92|
|Net cash flow generated by financing|||
||2,079,102.30|-1,179,201.29|
|IV. Influence of exchange rate alternation on cash and cash equivalents|||
||-378,709,367.16|-1,015,502,383.21|
|V. Net increase of cash and cash equivalents|||
||4,574,532,598.83|3,816,212,299.73|
|Plus: Balance of cash and cash equivalents at the beginning of term|||
||4,195,823,231.67|2,800,709,916.52|
|VI. Balance of cash and cash equivalents at the end of term|||

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
6. Cash Flow Statement of the Parent Co.
Bengang Steel Plate Co., Ltd.
In RMB Yuan
Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
|I. Net cash flow from business operation|||
||6,558,858,248.79|7,047,523,958.69|
|Cash received from sales of products and providing of services|||
|Tax returned|||
||68,133,994.31|62,772,073.62|
|Other cash received from business operation|||
||6,626,992,243.10|7,110,296,032.31|
|Sub-total of cash inflow from business activities|||
||6,928,852,119.62|6,870,563,817.31|
|Cash paid for purchasing of merchandise and services|||
||534,154,783.52|507,078,135.22|
|Cash paid to staffs or paid for staffs|||
||82,080,457.99|326,733,018.36|
|Taxes paid|||
||25,196,535.32|24,820,440.28|
|Other cash paid for business activities|||
||7,570,283,896.45|7,729,195,411.17|
|Sub-total of cash outflow from business activities|||
||-943,291,653.35|-618,899,378.86|
|Cash flow generated by business operation, net|||
|II. Cash flow generated by investing|||
|Cash received from investment retrieving|||
||2,770,000,000.00||
|Cash received as investment profit|||
|Net cash retrieved from disposal of fixed assets, intangible assets, and|6,923,301.36||
|other long-term assets|||
||107,010.00|1,200.00|
|Net cash received from disposal of subsidiaries or other operational units|||
|Other investment-related cash received|||
||2,777,030,311.36|1,200.00|
|Sub-total of cash inflow due to investment activities|||
|Cash paid for construction of fixed assets, intangible assets and other|495,274,960.00|337,756,650.36|
|long-term assets|||
||2,240,000,000.00||
|Cash paid as investment|||
|Net cash received from subsidiaries and other operational units|||
|Other cash paid for investment activities|||
||2,735,274,960.00|337,756,650.36|
|Sub-total of cash outflow due to investment activities|||
||41,755,351.36|-337,755,450.36|
|Net cash flow generated by investment|||
|III. Cash flow generated by financing|||
|Cash received as investment|||
||2,741,933,000.00|2,500,739,500.00|
|Cash received as loans|||
|Cash received from bond placing|||
|Other financing-related cash received|||
||2,741,933,000.00|2,500,739,500.00|
|Subtotal of cash inflow from financing activities|||
||2,167,273,192.59|2,134,523,179.60|
|Cash to repay debts|||
||171,830,589.37|169,898,438.41|
|Cash paid as dividend, profit, or interests|||
|Other cash paid for financing activities|||

Bengang Steel Plates Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
||2,339,103,781.96|2,304,421,618.01|
|Subtotal of cash outflow due to financing activities|||
||402,829,218.04|196,317,881.99|
|Net cash flow generated by financing|||
||4,812,371.68|-1,179,201.29|
|IV. Influence of exchange rate alternation on cash and cash equivalents|||
||-493,894,712.27|-761,516,148.52|
|V. Net increase of cash and cash equivalents|||
||4,304,424,513.46|3,402,276,928.46|
|Plus: Balance of cash and cash equivalents at the beginning of term|||
||3,810,529,801.19|2,640,760,779.94|
|VI. Balance of cash and cash equivalents at the end of term|||

 Legal representative: Wang Shu CFO: Han Ge Accounting Manager: Wang Shaoyu
II.Auditors’ Report
If the 1st Quarterly Financial Statements are audited?
[] Yes[V] No
This 1st Quarterly Report is not audited.