本钢板半报告英文版

1、本钢板材股份有限公司bengang steel plates co.,ltd.interim report 2012(prepared under chinese accounting standard)august 10, 2012345810142131bengang steel plates co., ltd.table of contentsi. important statementii. company profileiii. financial highlightsiv. changes in share capital and shareholdersv. directors,

2、 supervisors and senior executivesvi. board of directors reportvii. significant eventsviii. financial reportsix. documents for reference1interim report 2012 full text113bengang steel plates co., ltd.interim report 2012 full texti. important statementthe board of directors and the directors of the co

3、mpany guarantee that there are no significant omissions,fictitious or misleading statements carried in the report and we will accept individual and joint responsibilities forthe truthfulness, accuracy and completeness of the report.none of the directors, supervisors, or executives holds any opinion

4、that is against the authenticity, accuracy andintegrality of this reports content.independent director li kai was on business trip and empowered independent director tian bingfu to vote on herbehalf.the semi-annual financial statements were not audited.chairman of the board zhang xiaofang, chief fin

5、ancial officer mr. cao aimin, and head of accountingdept. mr. wang shaoyu hereby declare: the authenticity and integrality of the report are guaranteed.this report is prepared both in english and chinese. should any conflict in interpreting, the chinese version shallprevail.ii. company profile(i) co

6、mpany profilescode of a-stockid of a-stock000761bengang bancaicode of b-stockid of b-stock200761bengangban bstock exchangelegal company namelegal abbreviationlegal company name inenglishshenzhen stock exchange本钢板材股份有限公司bengang bancaibenggang steel plates co.,ltdlegal aggreviation in english bsplegal

7、 representativereg. add.post codeoffice addresspost code:websiteemail.zhang xiaofang18th gangtie road, pingshan, benxi, liaoning117000no.16, renmin road, pingshan district, benxi city, liaoning province117000n2addressbengang steel plates co., ltd.(ii) contacts and liaisonssecretary of the boardinter

8、im report 2012 full textrepresentative of stock affairsnametel.fax.email.zhang jichenno.16, renmin road, pingshan district,benxi city, liaoning plu xiaoyongno.16, renmin road, pingshan district,benxi city, liaoning province0414-78280100414-(iii) information disclosure and inquiringpress medias of in

9、formation disclosurewebsite assigned by csrc to release theonline reportsplace for information inquirychina securities journal, securities times, hong kong commercial dailyhttp:/secretary office of the board, bengang steel plate co., ltd.(iv) stock exchange: shenzhen stock exchangeshort form of a-sh

10、ares: bengangbancaishort form of b-shares: bengangban-bstock code: 000761stock code: 200761(v) misc. info.initial business registration on: june 27 1997business registration renewed on: june 15, 2007business registration renewed with: liaoning commerce & industry administration bureaubusiness li

11、cense number: 210000004931633taxation registration number: 210502242690243organization code: 24269024-3public accountant engaged by the company: shulun pan certified public accountants co., ltd. (special commonpartnership)address: 4/f 61 nanjing rd. east, huangpu, shanghai3bengang steel plates co.,

12、ltd.iii. financial highlights(i) main accounting data and indicesprimary accounting datainterim report 2012 full textprimary accounting dataturnover (yuan)business profit (rmb)gross profit (rmb)net profit attributable to shareholders ofthe listed company (yuan)report term (jan-jun)22,841,569,834.061

13、78,318,084.54188,633,132.37145,181,307.69same period last year24,050,256,657.14617,632,783.04628,365,457.52595,456,110.27increase/decrease oversame period of last year(%)-5.03%-71.13%-69.98%-75.62%net profit attributable to the shareholdersof the listed company and after deducting137,445,021.82587,4

14、06,604.41-76.6%of non-recurring gain/loss(rmb)net cash flow generated by businessoperation (rmb)gross assets (rmb)owners equity attributable to theshareholders of the listed company (yuan)capital shares (shares)189,516,824.61ended this report term41,380,056,280.1315,358,952,414.663,136,000,0001,141,

15、757,019.65ended previous year41,059,391,27215,524,714,501.263,136,000,000-83.4%changed by (%)0.78%-1.07%0%major accounting indiciesmajor accounting indiciesbasic earnings per share (yuan/share)diluted earnings per share (yuan/share)basic earnings per share less non-recurringgain/loss (yuan/share)rep

16、ort term (jan-jun)0.050.050.04same period last year9increase/decrease oversame period of last year(%)-75.62%-75.62%-76.6%fully diluted netincome/asset ratio0.95%3.89%-75.72%(%)weighted average netincome/asset ratio (%)fully diluted net income/asset ratio lessnon-recurring gain/loss (%)0.9

17、4%0.89%3.93%3.84%-76.08%-76.7%weighted average netincome/asset ratio less non-recurring0.89%3.88%-77.04%gain/loss(%)net cash flow per share generated bybusiness operation (yuan/share)0.06ended this report term0.36ended previous year-83.4%changed by (%)net asset per share attributable to thesharehold

18、ers of the listed company4.94.95-1.07%(yuan/share)liability on asset ratio (%)62.80%62.11%1.12%4623,565.58bengang steel plates co., ltd.interim report 2012 full text(ii) differences in accounting data under domestic and international accounting standards1. differences in net profit and net asset und

19、er domestic and international accountingstandardsno such situation in the report period.2. differences in net profit and net asset under domestic and overseas accounting standardsno such situation in the report period.3. details of items with major differencesno such situation in the report period.4

20、. statement on accounting differences under domestic and overseas accounting standardsno difference btween the domestic and international accounting standard.(iii) non-recurring items deducted and amountsitemsgain/loss of non-current assetstax refunding or exemption without official certification or

21、 exceeded authoritygains and losses included in the current period of government subsidies, excluding those government grantswhich are closely related to normal business and in line with national policy , or in accordance with fixedstandards or quantitiescapital adoption fee collected from non-finan

22、cial organizations and accounted into current gain/lossgain/loss from differences between the cost of enterprise merger and the fair value of recognizable net assetof the invested entitiesgain/loss from non-monetary assetsgain/loss from commissioned investment or assetsasset impairment provisions pr

23、ovided for force-majeurgain/loss from debt reorganizationenterprise reorganizing expenses, such as employee placement fee and integration feegain/loss from trade departing from fair valuecurrent net gain/loss of subsidiaries under same control from beginning of term till date of consolidationgain/lo

24、ss generated by contingent liabilities without connection with main businessesgain/loss from change of fair value of transactional asset and liabilities, and investment gains from disposalof transactional financial assets and liabilities and sellable financial assets, other than valid period valuein

25、struments related to the companys common businessesrestoring of receivable account impairment provision tested individuallygain/loss from commissioned loansgain/loss from change of fair value of investment property measured at fair value in follow-upmeasurementinfluence of one-time adjustment made o

26、n current gain/loss account according to the laws and regulationsregarding tax and accountingconsigning fee received for cosigned operationother non-business income and expenditures other than the above5amount(yuan)140,859.628,117,214.611,433,408.02remarksamountbengang steel plates co., ltd.other ga

27、in/loss items satisfying the definition of non-recurring gain/loss accountinfluenced amount of minority shareholders equityinfluenced amount of income taxinterim report 2012 full text-2,578,761.96total7,736,285.87-statement of the company on “other gain/loss items satisfying the definitions of non-r

28、ecurring gain/lossaccounts” and the non-recurring items defined as recurring items according to the nature and characteristics of thebusinesses.itemsamount involved (rmb)remarksnoneiv. changes in share capital and shareholders(i) movement of capital share1. no change in share structure occurred in t

29、he report period.2. no change of shares under restriction in the report period.(ii) share issuing and listing1. no securities issuing in the latest three years.2. none of the total number and the composition of shares has changed, nor change of asset-liability structure.3. no situation regarding emp

30、loyees shares(iii) shareholders and the substaintial controller of the company1. total of shareholders at the end of report term.number of shareholding accounts at the end of report term was 53,657.2. the top ten shareholderstop ten shareholdersfull name of shareholderproperties ofshareholdersharepr

31、oportion %total sharesconditionalsharesfrozen or pledgedstatus ofsharesbenxi steel (group) ltd.state-owned legalperson82.07% 2,573,632,420china construction bank shangtou morgan foundation,china advantage securities investment fund financial products1.79%56,017,988government of singapore inv. overse

32、ascorp.- a/c c personnomura tst n bk co.,ltd attf asia overseasattr div stk fd mth fd personlegallegal0.85%0.58%26,552,13818,049,0866bengang steel plates co., ltd.interim report 2012 full textzhou jiedomesticpersonnatural0.35%10,895,000gsic a/c monetary authority of overseassingapore personlegal0.33

33、%10,309,617aps china alpha fundoverseaspersonlegal0.15%4,616,701lsv emerging markets equity overseasfund,l.p. personlegal0.11%3,385,700bao xinfadomesticpersonnatural0.1%3,189,700taifook securities company limited-account overseasclient personlegal0.1%3,086,109situations of the shareholderstop 10 hol

34、ders of unconditional sharesamount ofcategories and amounts of sharesname of the shareholderunconditional sharesholding at the end ofcategoriesamountreport termbenxi steel (group) ltd.china construction bank shangtou morganchina advantage securities investment fundgovernment of singapore inv. corp.-

35、a/c cnomura tst n bk co.,ltd attf asiaattr div stk fd mth fdzhou jiegsic a/c monetary authority ofsingaporeaps china alpha fundlsv emerging markets equityfund,l.p.bao xinfataifook securities company limited-accountclient2,573,632,420 a shares56,017,988 a shares26,552,138 b shares18,049,086 b shares1

36、0,895,000 b shares10,309,617 b shares4,616,701 b shares3,385,700 b shares3,189,700 b shares3,086,109 b shares2,573,632,42056,017,98826,552,13818,049,08610,895,00010,309,6174,616,7013,385,7003,189,7003,086,109statement of relationships and (or) action-in-concert among above shareholders:it is unknown

37、 to the company whether there is any related connection or action in concert as described byrules of information disclosing regarding changing of shareholding status of listed companies existing amongthe above shareholders.3. profile of the controlling shareholder(1) change of holding shareholder an

38、d substaintial controllerno change in holding shareholder and substaintial controller(2) particulars about the holding shareholder and substaintial controllerno change in controller.(3) chart of controlling relationships7bengang steel plates co., ltd.liao ning state-owned asset administration commit

39、tee100%bengang group co., ltd.100%interim report 2012 full textbenxi steel & iron(group) co. ltd.82.07%bengang steel plate co.ltd(4) controlling over the company by the substaintial controller through trust or other assetmanagementno such situation in the report period.4. other legal person shar

40、eholders with over 10% of total sharesno such situation in the report period.(iv) convertible bondsno such situation in the report period.v. directors, supervisors and senior executives8bengang steel plates co., ltd.(i) change of shareholding by directors, supervisors, and executivesnamepositiongend

41、er agejob jobstarted endedshares holding atthe beginning ofterm (shares)sharesincreased thisterm (shares)shares shares held incl. amount of share optionsdecreased this at the end of shares under held at the endterm (shares) term restriction of term (shares)zhangxiaofangchairmanf52jan 202011jun 03201

42、300000cao aimin director, gmm45jun 032010jun 03201300000zhangjichentangchaoshengtian binfuli kaiwang yiqiudirector, secretaryof the boarddirectorindependentdirectorindependentdirectorindependentdirectormmmmf5549635551jun 032010may 17,2011jun 032010jun 032010jun 032010jun 032013jun 032013jun 032013ju

43、n 032013jun 0320130000000000000000000000000chairman of theliu junyou supervisorycommitteem59jun 032010jun 03201300000zhao weiliuengquanwang puzhangchuangzhangguohuazhangguiyuxiehuaidangsupervisorsupervisorsupervisorsupervisorvice generalmanagervice generalmanagervice generalmanagermmmmmmm52574946595

44、152jun 032010jun 032010jun 032010jun 032010jun 032010jun 032010may 17,2011jun 032013jun 032013jun 032013jun 032013jun 032013jun 032013jun 03201300000000000000000000000000000000000total-none of the directors, supervisors, or executives has been offered any incentive shares.9bengang steel plates co.,

45、ltd.(ii) situation of jobsjobs taken in shareholding partiesinterim report 2012 full textnameszhang xiaofangcao aimintang chaoshengliu junyouliu engquanzhao weiname of the shareholderbengang group co., ltd.bengang group co., ltd.bengang group co., ltd.,financial dept.bengang group co., ltd.bengang g

46、roup co., ltd.security guard dept.bengang group beitai steel(group) co., ltd.job takenchairman, gmdirectordeputy headchief secretary ofdiscipline commissionsecretary of ccpcommitteechairmanjobstartednov 01,2010nov 01,2010jan 12011nov 01,2010oct 12009sept 12011jobendedtake remunerations from theshare

47、holding partyyesnoyesyesyesyesparticulars aboutjobs takenjobs taken in other partiesno such situation in the report period.(iii) annual remunerations of the directors, supervisors and senior executives1. remuneration plan or arrangement made by the remuneration & assessment committee of thedecis

48、ion makingprocedures forremunerations of theboard, and subject to the approval of the board or shareholders meeting;2. the remuneration & assessment committee performs assessment on the directors and executivesaccording to the scheme and procedures.directors, supervisors and 3. reward amount and

49、 terms for directors, supervisors, and executives are proposed upon thesenior executivesassessment.4. executed upon approval of the board meetings.basis for remunerations of remuneration plans are produced with consideration of the directors, supervisors, and executives jobthe directors, supervisors

50、 position, levels of responsibility, and with reference to the other similar enterprises. rewards areand senior executivesdistributed according to the results of assessment.actual payment todirectors, supervisors and wage paid on monthly basis according to the remmuneration policiesexecutives107beng

51、ang steel plates co., ltd.interim report 2012 full text(iv) change of directors, supervisors, and executives in the report periodno such situation in the report period.(v) the employeesnumber of employees in positionretired employees on the companys expensecategories of professionsproductionsales &a

52、mp; marketingtechniciansfinance & accountingexecutivecategories of educationhigh school or belowcollege diplomabachelormasters degreecomposition of professionseducation backgroundnumber of personsnumber of persons24,05718,29719,9751961,4351522,29914,2446,2063,267333doctorial degreevi. board of d

53、irectors report(i) business analysisoverall business operation in the report periodin the report period, the company has been facing an general downturn of the whole steel industry, however wehave been doing all efforts to expand the sales and reduce costs. plus a number of internal management opera

54、tions,the company remains a positive profitability in the situation of general decline.during the period of jan-jun 2012, the company realized output of iron by 4.8469 million tons, an increase of2.57% yoy; steel by 4.8641 million tons, a decrease of 0.61% yoy; hot-rolled plates by 4.5137 million to

55、ns, anincrease of 3.72%; cool-rolled plate by 955.3 thousand tons, an increase of 2.24%; sales revenue byrmb22,841,569,800, a decrease of 5.03%; net profit of rmb145,181,300, a decrease of 75.62%.whether the actual performance is exceeding or lower than the forcasting or business plan released previ

56、ously by20% or over.no such situation in the report period.business performance of main subsidiaries or affiliates:11bengang steel plates co., ltd.interim report 2012 full textas of june 30, 2012 the company has come to consist of 11 wholly-owned subsidiaries, 1 holding company and 3shares of units.

57、 beside the company liaoyang pelletizing co. ltd., dandong cold-rolled stainless steel co. ltd.and dalian benruitong automotive materials technology co. ltd. have the capacity of manufacturing and sellingproductions, the others are all sales companies for marketing, either recently established or th

58、e company has takenshares in.dandong cold-rolled stainless steel co. ltd. and dalian benruitong automotive materials technology co. ltd.are now within the construction period thus not having contribution for the company performance within currentperiod.as of the end of june, 2012, the total assets o

59、f liaoyang pellet co. ltd. amounts to 1, 223.5043 million yuan andthe ownership interest amounts to 985.3365 million yuan; in 2012 sales revenue 1, 036.283 million yuan, totalprofit 141.4667 million yuan and net profit 106.10 million yuan.risks probably in implementing the company future development

60、 strategy and operationmanagement targetsaffected by the continued downturn in economic development, weak production demand and excess capacity, thedomestic steel enterprises are facing a severe challenge in such aspects listed below:1.hardly appearing a substantially improvement to alter the excess capacity and weak dem