Stock Code: 000761, 200761 Abbreviation: Bengang Bancai, Bengangban B Announcement No.：2021-049Summary of Semi-Annual Report 2021 of Bengang Steel
Plates Co., Ltd.I. Important NoticeThis Semi-Annual Report Summary is taken from the full text of the Semi-Annual Report. Investors are advised tocarefully read the full text of the Semi-Annual Report published on the media designated by China SecuritiesRegulatory Commission in order to fully understand the Company’s operation results, financial position and futuredevelopment plan.
Other directors attending the Meeting for Semi-Annual Report deliberation except for the following
| Name of director absent | Title for absent director | Reasons for absence | Attorney |
Non-standard auditor’s opinion
□ Applicable √Not applicable
Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the Boardduring the reporting period
√Applicable □Not applicable
Conversion of capital reserves into share capital proposed to the Board during the reporting period
□Applicable √Not applicable
The company’s common share profit distribution plan approved by the board of directors is: based on 3,885,060,605 , acash dividend of RMB 5 (tax included) will be distributed to all shareholders for every 10 shares, and 0 shares of bonusshares (tax included) will be distributed. And no conversion of capital reserves into share capital.
Plans for profit distribution on preference shares for the reporting period approved by the Board
□ Applicable √ Not applicable
II. Company Profile and Main Financial Index
1. Company profile
| Stock abbreviation | Bengang Bancai, Bengangban B | Stock Code | 000761、200761 | |
| Stock exchange for listing | Shenzhen Stock Exchange | |||
| Contact person and manner | Board secretary | Securities affairs Representative | ||
| Name | Gao Desheng | Chen Liwen | ||
| Address | No.16, Renmin Road, Pingshan District, Benxi City, Liaoning Province | No.16, Renmin Road, Pingshan District, Benxi City, Liaoning Province | ||
| Tel | 024-47827003 | 024-47828980 | ||
| bgbcdm@163.com | bgbcclw@126.com | |||
2. Main Accounting Data and Financial Index
Retrospective adjustment to or restatement of the accounting data for prior years by the Company due to change of
accounting policies and correction of accounting errors
□ Yes √ No
Unit: yuan
| This reporting period | Same period in previous year | Increase or decrease in this reporting period over the previous year | |
| Operating income | 38,588,128,212.14 | 22,184,537,260.05 | 73.94% |
| Net profit attributable to the shareholders of the listed company | 2,208,798,167.91 | 254,644,204.33 | 767.41% |
| Net profit attributable to the shareholders of listed company after deducting non-recurring gain/loss | 2,199,142,563.30 | 239,885,472.54 | 816.75% |
| Net cash flows generated by operating activities | 1,524,916,220.03 | -151,475,707.08 | 1,106.71% |
| Basic earnings per share | 0.57 | 0.07 | 714.29% |
| Diluted earnings per share | 0.57 | 0.07 | 714.29% |
| ROE | 9.98% | 1.30% | 8.68% |
| At the end of this reporting period | At the end of previous reporting period | Increase or decrease at the end of this reporting period over the previous year | |
| Total assets | 64,752,065,169.98 | 65,007,470,749.20 | -0.39% |
| Net assets attributable to shareholders of the listed company | 23,246,599,850.13 | 21,018,296,389.10 | 10.60% |
3. Number of shareholders and shareholding
Unit: Share
| Total number of common shareholders at the end of the reporting period | 58,435 | The total number of preferred shareholders voting rights restored at the end of the reporting period (if any) | 0 | ||||||
| Shareholding of shareholders holding more than 5% or top 10 shareholders | |||||||||
| Name of the shareholder | Nature of shareholder | Holding Percentage | Number of shares held at period-end | Restricted shares held | Number of pledged or frozen shares | ||||
| Status | Number | ||||||||
| Benxi Steel & Iron (Group) Co., Ltd. | State-owned legal person | 62.02% | 2,409,628,094 | Pledged | 1,577,545,000 | ||||
| Frozen | 108,326,179 | ||||||||
| CCB Principal Asset Management – ICBC – CR Trust – CR Trust · Xing Sheng No. 5 Collective Fund Trust Plan | Others | 4.76% | 184,842,883 | ||||||
| Bei Xin Rui Feng Fund – China Merchants Bank – Bei Xin Rui Feng Fund Feng Qing No. 229 Asset Management Plan | Others | 4.76% | 184,842,883 | ||||||
| China Life AMP Fund– ICBC – China Life AMP – Hua Xin Trust Targeted Additional Shares Issuance No. 10 Asset Management Plan | Others | 4.76% | 184,842,883 | ||||||
| Liaoning Provincial Transportation Investment Group | State-owned legal person | 3.82% | 148,528,983 | ||||||
| Co., Ltd. | ||||||
| MORGAN STANLEY & CO. INTERNATIONAL PLC | Foreign legal person | 0.37% | 14,366,619 | |||
| Huatai Securities Co., Ltd. | State-owned legal person | 0.30% | 11,541,080 | |||
| CITIC Securities Co., Ltd. | State-owned legal person | 0.24% | 9,490,396 | |||
| China Resources Yuanta Fund-Huatai Securities-China Resources Yuanta Fund Runhong Prosperity Collective Asset Management Plan | Others | 0.23% | 8,990,023 | |||
| Lu Ruijun | Domestic natural person | 0.21% | 8,000,000 | |||
| Notes to relationship or ‘action in concert’ among the top 10 shareholders. | It is unknown to the Company whether there is any related connection or ‘Action in Concert’ as described by Rules of Information Disclosing Regarding Changing of Shareholding Status of Listed Companies existing among the above shareholders. | |||||
| Shareholders among the top 10 participating in securities margin trading (if any) | China Resources Yuanta Fund-Huatai Securities-China Resources Yuanta Fund Runhong Prosperity Collective Asset Management Plan holds 8,990,023 shares of the company through investor credit securities accounts; Lu Ruijun holds 8,000,000 shares of the company through investor credit securities accounts. | |||||
4. Changes of Controlling Shareholders and Substantial Controller
Change of holding shareholder
□ Applicable √ Not applicable
There was no change of holding shareholder in the reporting period.Change of substantial controller
□ Applicable √ Not applicable
There was no change of substantial controller in the reporting period.
5. Total preferred shareholders of the Company and shares held by top ten shareholders
□ Applicable √ Not applicable
There was no Preferred Shares during the reporting period.
6. Information about the corporate bonds
√Applicable □Not applicable
（1）Basic information of Bond
| Name of Bond | Bond abbreviation | Bond Code | Issue date | Maturity date | Balance of Debt（10 thousand Yuan） | Interest rate |
| Bengang Steel Plates Co., Ltd. Convertible Bond | Bengang Convertible Bond | 127018 | 29th June 2020 | 28th June 2026 | 675,125.68 |
（2）Financial indicators as of the end of the reporting period
Unit：10 thousand Yuan
| Item | 30 June 2021 | 31 December 2020 |
| Debt asset ratio | 63.25% | 66.85% |
| Item | Current period | Previous period |
| EBITDA Interest Coverage ratio | 8.32 | 4.3 |
III. Significant eventsOn April 15, 2021, the company received a notice from the indirect controlling shareholder Bengang Group Co., Ltd.that it was informed that Ansteel Group Co., Ltd. is planning to reorganize the Bengang Group, which may lead tochanges in the company's control rights. The reorganization is still in the planning stage, and the approval of relevantdepartments is still required after the plan is finalized. For details, please refer to the "Indicative Announcement on theStrategic Restructuring of the Indirect Controlling Shareholder Bengang Group Co., Ltd." published on the designatedinformation disclosure media by the company on April 15, 2021.
On August 18, 2021, the State-owned Assets Supervision and Administration Commission of the State Council and thePeople's Government of Liaoning Province jointly issued a notice agreeing that Ansteel Group Co., Ltd. will reorganizeBengang Group Co., Ltd., and the Liaoning Provincial State-owned Assets Supervision and AdministrationCommission will transfer 51% equity of Bengang Group to Ansteel Group for free. The transfer still needs to performthe necessary procedures, and there is still uncertainty about whether the relevant approval can be obtained and whetherthe transfer can be implemented smoothly. For details, please refer to the Announcement on the Approval of theState-owned Assets Supervision and Administration Commission of the State Council and the People's Government ofLiaoning Province on the free transfer of 51% equity of Bengang Group, the indirect controlling shareholder, publishedon the designated information disclosure media by the company on August 19, 2021 ".
On August 20, 2021, the State-owned Assets Supervision and Administration Commission of the People's Governmentof Liaoning Province, indirect controlling shareholder of the company and with 80% of the Bengang Group’s share, andAnsteel Group Co., Ltd., which is 100% owned by the State-owned Assets Supervision and AdministrationCommission of the State Council signed the agreement: "Agreement on the Gratuitous Transfer of State-owned Equityof Bengang Group Co., Ltd. between the State-owned Assets Supervision and Administration Commission of thePeople's Government of Liaoning Province and Ansteel Group Co., Ltd.". According to the agreement, the State-ownedAssets Supervision and Administration Commission of Liaoning Province will transfer its 51% equity in BengangGroup to Ansteel Group for free. After the completion of this transfer, Ansteel Group will become the controllingshareholder of Bengang Group. Ansteel Group indirectly controls 81.08% of the company’s shares through BengangGroup, Benxi Iron and Steel (Group) Co., Ltd. and Ansteel Group Capital Holding Co., Ltd. The direct controllingshareholder of the company remains unchanged, still Benxi Iron & Steel (Group) Co., Ltd., and the actual controller ofthe company is changed to the State-owned Assets Supervision and Administration Commission of the State Council.For details, please refer to the company's relevant announcement published on the designated information disclosuremedia on August 21, 2021.