本钢板Ｂ：2021年半年度报告（英文版）.PDF

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1、Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 1 Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 August,2021 Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 2 .Important Notice,Table of Contents,and Definitions The Board of Directors,the Supervisory Committee and the Directors,member

2、s of the Supervisory Committee and senior management of the Company guarantee that there are no misrepresentations or misleading statements,or material omission in this report,and individually and collectively accept full responsibility for the authenticity,accuracy and integrity of the information

3、contained in this report.Gao Lie,the person in charge of the company,Lin Dong,the person in charge of accounting work,and Cong Yajuan,the person in charge of the accounting organization(accounting officer),hereby confirm that the financial report in this semi-annual report is true,accurate and compl

4、ete.All directors have attended the board meeting for reviewing this report.This report involves forward-looking statements such as future plans and does not constitute a substantial commitment of the company to investors.Investors are advised to pay attention to investment risks.This report is prep

5、ared in Chinese and English respectively.In the event of discrepancies in the interpretation of Chinese and foreign texts,the Chinese text shall prevail.The company has described the existing risks and countermeasures in detail in this report,please refer to the content of Section 3-10 Risks Faced b

6、y the Company and Countermeasures.China Securities Journal,Securities Times,Hong Kong Commercial Daily and Juchao Information Network()are selected as the companys information disclosure media.All information of the company is subject to the information published in the above-mentioned designated me

7、dia.Investors are kindly requested to pay attention to investment risks.The companys profit distribution plan approved by the board of directors this time is as follows:Based on 3,885,060,605,a cash dividend of RMB 5(tax included)will be distributed to all shareholders for every 10 shares,and 0 shar

8、es of bonus shares(tax included)will be distributed.There is no conversion of reserves into share capital.Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 3 Table of Contents.Important Notice,Table of Contents,and Definitions.2.Company Profile and Main Financial Index.6 III.Management Discussion

9、 and Analysis.9 IV.Corporate Governance.17 V.Environment and Social Responsibilities.18 VI.Important Events.22 VII.Status of Share Capital Changes and Shareholders.54 VIII.Status of Preferred Shares.54 IX.Status of Bonds.55 X.Financial Report.58 Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 4

10、 Reference File Directory 1.Financial statements containing the signatures and seals of legal representative,chief financial officer,and chief accountant;2.The originals of all company documents and announcements publicly disclosed during the reporting period;3.Semi-annual reports published in other

11、 securities markets.Definition Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 5 Terms to be defined Refers to Content of Definition Bengang Bancai,Bengang Steel,the Company,the Listed Company Refers to Bengang Steel Plates Co.,Ltd.Bengang Group Refers to Bengang Group Co.,Ltd.Bengang Co.Refers

12、 to Benxi Steel&Iron(Group)Co.,Ltd.Liaoning Provincial State-asset Administration Refers to Liaoning State-owned Asset Supervisory and Management Committee SSE Refers to Shenzhen Stock Exchange Bengang Posco Refers to Bengang Posco Cold-rolled Sheet Co.,Ltd.Bengang Steel Plates Co.,Ltd.Semi-Annual R

13、eport 2021 6 .Company Profile and Main Financial Index I.Company Information Stock abbreviation Bengang Bancai,Bengangban B Stock Code 000761、200761 Stock exchange for listing Shenzhen Stock Exchange Company name in Chinese 本钢板材股份有限公司 Abbreviation of Company name in Chinese 本钢板材 Company name in Engl

14、ish(If any)BENGANG STEEL PLATES CO.,LTD.Abbreviation of Company name in English(If any)BSP Legal representative Gao Lie II.Contact Information Secretary of the Board Representative of Stock Affairs Name Gao Desheng Chen Liwen Address No.16,Renmin Road,Pingshan District,Benxi City,Liaoning Province N

15、o.16,Renmin Road,Pingshan District,Benxi City,Liaoning Province Tel 024-47827003 024-47828980 Fax 024-47827004 024-47827004 Email III.Other Information 1.Contact Information of the Company Whether the information disclosure and place for consulting have changed Applicable Not applicable Name of news

16、paper selected by the Company for information release,website appointed by CSRC for publishing semi-annual report and lodging address of semi-annual report of the Company have not changed during the reporting period.Please refer to Annual Report 2020 for details.Bengang Steel Plates Co.,Ltd.Semi-Ann

17、ual Report 2021 7 2.Place for information disclosure Whether the information disclosure and place for consulting have changed Applicable Not applicable Name of newspaper selected by the Company for information release,website appointed by CSRC for publishing semi-annual report and lodging address of

18、 semi-annual report of the Company have not changed during the reporting period.Please refer to Annual Report 2020 for details IV.Summary of Accounting Data and Financial Index Whether the Company makes retroactive adjustment or restatement of the accounting data of the previous year Yes No Unit:Yua

19、n 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 att

20、ributable 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.

21、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

22、,599,850.13 21,018,296,389.10 10.60%V.Differences between Domestic and Foreign Accounting Standards 1.Differences of net profit and net assets disclosed in financial reports prepared under IFRS and Chinese accounting standards.Applicable Not applicable Bengang Steel Plates Co.,Ltd.Semi-Annual Report

23、 2021 8 2.Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards.Applicable Not applicable VI.Items and Amount of Non-recurring Gains and Losses Applicable Not applicable Unit:yuan Items Amount Notes Profit or loss from dispos

24、al of non-current assets(including the write-off part for which assets impairment provision is made)-22,272,050.41 Details of government subsidies recorded into current profits and loss(except such government subsidy closely related to the companys normal business operation,，meeting the regulation o

25、f national policy and enjoyed constantly in certain quota or quantity according to a certain standard)32,659,483.34 Other non-operating revenue and expenditure other than above items 2,555,535.73 Less:Impact of income tax 3,235,742.17 Impact of non-controlling interests(after tax)51,621.88 Total 9,6

26、55,604.61-Explanation for defining non-recurring gains and losses items according to the Public Offering of Securities Information Disclosure Explanatory Notice No.1 Non-Recurring Gains and Losses,and reasons for defining non-recurring gains and losses items listed in the document as recurring items

27、.Applicable Not applicable There exists no situation of defining non-recurring gains and losses items listed in the document as recurring items.Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 9 III.Management Discussion and Analysis I.The Companys main business during the reporting period(1)The

28、 companys main business during the reporting period 1.Industry development The companys industry is the steel industry.In the first half of 2021,the domestic economy is recovering steadily,economic development is showing rapid growth,the steel industry is operating well,the production and sales of e

29、nterprises are booming,efficiency is improved,and new progress has been made in green development,intelligent manufacturing,and technological innovation.However,the current domestic and international environment is still complicated,with many uncertain and unstable factors.On the one hand,in accorda

30、nce with the policy guidance of“controlling production capacity,suppressing output,and adjusting exports”,the steel industry must improve the dynamic adaptability of domestic steel product supply and demand.,To avoid large fluctuations in steel prices,and to prevent the pressure and risks of steel c

31、osts caused by the large fluctuations in the prices of bulk raw materials and fuels;on the other hand,due to many factors such as seasonal cycles,environmental constraints,and resource bottlenecks,the demand for steel is relatively weakened.China has entered a new development stage of building a mod

32、ern socialist country in an all-round way.The iron and steel industry is an important support for building a modern and powerful country and an important field for achieving green and low-carbon development.The goal of achieving carbon neutrality in the past has put forward new requirements for the

33、development of the iron and steel industry,and has also stimulated new momentum for the high-quality development of the iron and steel industry.Chinas steel industry will face a series of changes in the domestic steel demand structure,steel product supply structure,steel production process structure

34、,and steel production resource structure.2.Main business,main products and their uses During the reporting period,the companys main businesses include iron and steel smelting,rolling processing,power generation,coal chemical industry,special steel profiles,railways,import and export trade,scientific

35、 research,product sales,etc.The introduction of world advanced equipment and technology to implement equipment upgrades for the main iron and steel industry,Basically built a high-quality steel base,formed more than 60 varieties,more than 7,500 specifications of product series,the proportion of high

36、 value-added and high-tech products reached more than 80%,automotive surface panels,home appliance panels,petroleum pipeline steel,container panels Leading products such as,shipboard,etc.are widely used in the fields of automobiles,home appliances,petrochemicals,aerospace,machinery manufacturing,ene

37、rgy and transportation,building decoration and metal products,and are exported to more than 60 countries and regions.During the reporting period,the companys main business did not undergo major changes.3.Business model Procurement model:The companys procurement model includes domestic procurement an

38、d foreign procurement.Domestic material procurement is carried out through centralized procurement,unified bidding,price comparison,and negotiation.The procurement of foreign materials is carried out through long-term cooperative procurement,direct procurement,open and invited bidding,price inquiry,

39、price competition,negotiation and procurement,and is mainly represented by Benxi Iron and Steel International Trade Corporation.Sales model:The companys sales are divided into domestic sales and foreign sales.Domestic sales mainly adopt the direct sales model.Large customers are sold directly by the

40、 company,and other small and medium customers are sold through various regional sales subsidiaries.The strong marketing network accumulated in international trade is exported by its agency company,and the agency fee of Benxi Iron and Steel International Trade Co.,Ltd.is paid.4.Main performance drive

41、rs Bengang Steel Plates Co.,Ltd.Semi-Annual Report 2021 10 The main performance drivers during the reporting period:During the reporting period,the steel market prices remained high as a whole,the prices of raw materials such as iron ore and coke rose simultaneously,and the pressure on environmental

42、 protection continued to increase.The 5+1 work pattern and the 1+4 key tasks have steadily promoted the three system reforms,continued to promote the reform and innovation of the management mechanism,and implemented the general factory system to continuously improve management efficiency and benefit

43、s.Build a technological innovation system,create innovative platforms such as the Liaoning Bengang Iron and Steel Industry Industry-University-Research Alliance,and implement the R&D personnel delisting system for scientific and technological projects to achieve precise incentives.Continue to carry

44、out in-depth benchmarking exchanges,adhere to the direction of market-oriented reforms,and continuously promote the high-quality development of diversified industries.(2)Analysis of the operating conditions during the reporting period During the reporting period,the company took efficiency as the ce

45、nter as the starting point,and carried out in-depth work of refining and strengthening listed companies,and promoting high-quality development.Business process,undertaking related business work,improving the companys standardized operation level,focusing on epidemic prevention and control on the one

46、 hand,and stabilizing and high output on the other hand,achieving both epidemic prevention and control and production and operation,and achieving stable economic development.The output of some varieties and the records of daily and monthly output have been continuously refreshed.A series of indicato

47、rs have reached the best level in history,and the quality of enterprise development has been significantly improved.In the first half of 2021,the companys main operating indicators have achieved steady growth,including:pig iron of 5.1601 million tons,a year-on-year increase of 49,300 tons,an increas

48、e of 0.96%;crude steel 5,565,400 tons,an increase of 433,000 tons,an increase of 8.44%;hot-rolled plates 7.0511 million Tons,a year-on-year increase of 1,183,200 tons,an increase of 20.16%;a cold-rolled sheet of 3,134,100 tons,a year-on-year increase of 357,000 tons,an increase of 12.86%;a special s

49、teel 389,000 tons,an increase of 33,400 tons,an increase of 9.39%.Reviewing the work in the first half of the year,it is mainly reflected in the following aspects:1.Production and operation work.Strictly pay attention to ensuring the supply of materials in the ironmaking process and the stable opera

50、tion of the blast furnace,focusing on the timely coordination of the ironmaking plant to rationally adjust the structure of the blast furnace acidic material according to the changes in pig iron production,and scientifically matching pellets and lump on the basis of ensuring the blast furnace is run