Summary of Interim Report 2025 of Bengang Steel Plates Co. Ltd.Stock Code: 000761 Abbreviation: Bengang Bancai Announcement No.：2025-046

Summary of Interim Report 2025 of

Bengang Steel Plates Co. Ltd.1Summary of Interim Report 2025 of Bengang Steel Plates Co. Ltd.

I. Important Notice

This Interim Report Summary is taken from the full text of the Interim Report. Investors are advised to carefully read

the full text of the Semi-Annual Report published on the media designated by China Securities Regulatory Commission

in order to fully understand the Company’s operation results financial position and future development plan.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 Board

during the reporting period

□ Applicable √Not applicable

The Company plans not to pay cash dividends issue bonus shares or increase capital by converting reserves.Plans for profit distribution on preference shares for the reporting period approved by the Board

□ Applicable √ Not applicable

II. Company Information

1. Company profile

Stock abbreviation Bengang Bancai BengangbanB Stock Code 000761、200761

Stock exchange for listing Shenzhen Stock Exchange

Contact person and manner Board secretary Securities affairs Representative

Name Zheng Zhengli Chen Liwen

Address No1-1 Gangtie Road Pingshan District No1-1 Gangtie Road Pingshan DistrictBenxi City Liaoning Province Benxi City Liaoning Province

Tel 024-47827003 024-47828980

Email zhengzhengli76@126.com bgbc000761@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

Reasons for retrospective adjustment or restatement

Business Combinations under Common Control

Increase or decrease in

this reporting period

Current reporting Previous reporting period over the previous

period period

Before adjustment After adjustment After adjustment

Revenue (RMB yuan) 24697800421.99 28364539286.80 28366851887.99 -12.93%

Net profit attributable to the

shareholders of the listed -1399277780.90 -1550950137.71 -1541206007.44 9.21%

company (RMB yuan)

2Summary of Interim Report 2025 of Bengang Steel Plates Co. Ltd.

Net profit attributable to the

shareholders of listed

company after deducting -1450379795.78 -1621652605.92 -1621653948.92 10.56%

non-recurring gain/loss

(RMB yuan)

Net cash flows generated by

operating activities (RMB 371629764.04 1095091396.54 1080815690.40 -65.62%

yuan)

Basic EPS(RMB/share) -0.341 -0.378 -0.375 9.07%

Diluted EPS (RMB/share) -0.341 -0.378 -0.375 9.07%

Weighted average return on

-12.50%-9.55%-9.38%-3.12%

equity

Increase or decrease at

At the end of the the end of thisAt the end of previous year

current reporting reporting period over

period the previous year

Before adjustment After adjustment After adjustment

Total assets (RMB yuan) 45758090259.38 45815896140.58 45815896140.58 -0.13%

Net assets attributable to

shareholders of the listed 10503320759.53 11887217861.48 11887217861.48 -11.64%

company (RMB yuan)

3. Number of shareholders and shareholding

Unit: Share

The total number of preferred

Total number of common shareholders

shareholders at the end of the 46250 voting rights restored at the 0

reporting period end of the reporting period (if

any)

Shareholdings of the top 10 shareholders (excluding shares loaned through refinancing)

Number of Number of pledged or frozen

Name of the shareholder Nature of Holding shares held at Restricted sharesshareholder Percentage period-end shares held Status Number

Benxi Steel & Iron (Group) Co. State-owned

Ltd. legal person 58.65% 2409628094 0 Frozen 102100000

Bengang Group Co. Ltd. State-owned 17.95% 737371532 0 Not Applicabllegal person e 0

Guan Hui Domestic

natural 0.68% 28000000 0 Not

person Applicable

0

Zhang Wenyou Domestic

natural 0.43% 17862365 0 Not

person Applicable

0

China Merchants Securities Foreign Not

(HK) Co. Ltd. legal person 0.39% 16011907 0 Applicable 0

Wu Tie Domestic

natural 0.33% 13592351 0 Not

person Applicable

0

Lyu Ruijun Domestic

natural 0.30% 12289200 0 Not

person Applicable

0

3Summary of Interim Report 2025 of Bengang Steel Plates Co. Ltd.

Gao Tao Domestic

natural 0.26% 10800000 0 Not

person Applicable

0

Ma Yonghua Domestic

natural 0.24% 10033357 0 Not

person Applicable

0

Hong Kong Securities Foreign Not

Clearing Company Limited legal person 0.24% 10021142 0 Applicable 0

Benxi Steel & Iron (Group) Co. Ltd. has a related relationship with Bengang

Group Co. Ltd. and is a concerted action person stipulated in the "Administrative

Notes to relationship or ‘action in concert’ Measures for the Acquisition of Listed Companies". It is unknown to the Company

among the top 10 shareholders. 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.Guan Hui holds 28000000 shares of the Company's stock through an investor

credit securities account. Zhang Wenyou holds 5998 shares of the Company's

Shareholders among the top 10 participating in stock through an investor general account 17856367 shares of the Company's

securities margin trading (if any) stock through an investor credit securities account. Wu Tie holds 7000000 shares

of the Company's stock through an investor general account and 6592351 shares

of the Company's stock through an investor credit securities account.Shareholders holding more than 5% of the shares the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares

participating in the refinancing business and lending shares

□ Applicable √ Not Applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared with the previous period

due to lending/repayment of refinancing

□ Applicable √ Not Applicable

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 Code Issue date Maturity date Balance of Debt（10Bond abbreviation thousand Yuan Interest rate）

st

Bengang Steel 1 year: 0.6%;

Plates Co. Bengang 2nd year: 0.8%;

Ltd. Convertible 127018 29th June 2020 28th June 2026 563096.91 3rd year: 1.5%;

Convertible Bond 4th year: 2.9%;

Bond 5th year: 3.8%;

4Summary of Interim Report 2025 of Bengang Steel Plates Co. Ltd.

6th year: 5.0%.

（2）Financial indicators as of the end of the reporting period

Unit：10 thousand Yuan

Item 30 June 2025 31 December 2024

Debt to asset ratio 75.57% 72.72%

Item Current period Previous period

EBITDA Interest Coverage ratio -1.14 -1.74

III. Significant events

On June 20 2023 the company disclosed the "Major Asset Replacement and Related Transaction Plan" to carry out

asset replacement with Benxi Iron and Steel Company intending to acquire 100% equity of Benxi Iron and Steel

(Group) Mining Co. Ltd. and intending to dispose of all assets and liabilities of the listed company except for retained

assets and liabilities. The difference between the assets to be acquired and the assets to be disposed of shall be made up

by one party to the other in cash. At present the company is conducting further demonstration and communication and

negotiation on the transaction plan. After the relevant matters are determined the company will convene the board of

directors again for deliberation.On March 28 2025 the Company held the 34th meeting of its Ninth Board of Directors which reviewed and approved

the "Proposal on Jointly Investing with Related Parties to Establish a Subsidiary." The Company and its related party

Ansteel Green Gold Industry Development Co. Ltd. jointly invested RMB 60 million to establish Green Gold (Benxi)

Renewable Resources Co. Ltd. (hereinafter referred to as the "Joint Venture"). Of this the Company invested RMB

30.6 million with its own funds holding 51% shares in the Joint Venture while Green Gold Co. invested RMB 29.4

million with its own funds holding 49% shares. Upon completion of this joint investment the Joint Venture will be

included in the Company's consolidated financial statements and become a holding subsidiary of the Company.Industrial and commercial registration was completed on April 9 2025. For details please refer to the "Announcement

on Jointly Investing with Related Parties to Establish a Subsidiary and Related-Party Transactions" (Announcement No.:

2025-011) and the "Announcement on Progress of Jointly Investing with Related Parties to Establish a Subsidiary and

Completion of Industrial and Commercial Registration" (Announcement No.: 2025-025) both disclosed by the

Company on designated information disclosure media.

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