Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Stock Code: 000761 Abbreviation: Bengang Bancai Announcement No.：2025-058
Bengang Steel Plates Co. Ltd.Third Quarter Report 2025
The Company and all members of the Board of Directors guarantee that the information disclosed is
true accurate and complete and there are no misrepresentations or misleading statements or
material omission.Important Notice:
1. The Board of Directors the Supervisory Committee and the Directors members 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 contained in this
report.
2. The person in charge of the company the person in charge of accounting work and the person in
charge of the accounting organization (accounting officer) hereby confirm that the financial report
in this quarterly report is true accurate and complete.
3. Whether the third quarter report is audited
□ Yes √ No
1Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
I. Summary of Financial Index
1. 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
Reasons for retrospective adjustment or restatement
Business Combination under Common Control
Increase or Increase or
decrease in From the decrease in
this beginning of this
Current The same period of previous year reporting this year to
The same period of previous
reporting period over the end of year
reporting
period over
period the previous the current the previous
period reporting period
Before After After period Before After After
adjustment adjustment adjustment adjustment adjustment adjustment
Revenue 105030336 118038003 118477581 -11.35% 352008340 401683396 402146100(RMB yuan) 03.71 43.86 66.67 25.70 30.66 54.66 -12.47%
Net profit
attributable
to the - - - - - -
shareholders 816510848. 165474326 165140106 50.56% 221578862 320569340 319260707 30.60%
of the listed 81 4.77 6.67 9.71 2.48 4.11
company
(RMB yuan)
Net profit
attributable
to the
shareholders
of listed
company - - - - - -
after 843434416. 170742243 170742108 50.60% 229381421 332907503 332907503 31.10%
deducting 83 1.70 8.70 2.61 7.62 7.62
non-
recurring
gain/loss
(RMB yuan)
Net cash
flows
generated by -— — — — 98960183.5 131046063 129999635operating 0 0.00 8.43
-107.61%
activities
(RMB yuan)
Basic
EPS(RMB/s -0.198 -0.403 -0.402 50.75% -0.539 -0.78 -0.777 30.63%
hare)
Diluted EPS
(RMB/share) -0.198 -0.403 -0.402 50.75% -0.539 -0.78 -0.777 30.63%
Weighted
average
return on -8.04% -11.25% -11.06% 3.02% -20.54% -20.80% -20.44% -0.10%
equity
Increase or decrease at the
At the end of the current At the end of previous year end of this reporting period reporting period over the previous year
Before adjustment After adjustment After adjustment
Total assets
(RMB yuan) 46730771076.92 45815896140.58 45815896140.58 2.00%
Net assets
attributable
to
shareholders 9646598322.03 11887217861.48 11887217861.48 -18.85%
of the listed
company
(RMB yuan)
2Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
2. Items and amount of non-recurring profit and loss
√ Applicable □ Not applicable
Unit: RMB Yuan
From the beginning of the year
Items This reporting period Notes
to the end of the current period
Profit or loss from disposal of non-
current assets (including the write-off
42206.65-31494700.37
part for which assets impairment
provision is made)
Details of government subsidies
recorded into current profits and loss
（except such government subsidyclosely related to the company’s normal
21183105.41100176688.54
business operation meeting the
regulation of national policy and enjoyed
constantly in certain quota or quantityaccording to a certain standard）
Reversal of impairment provisions for
10820884.6121641769.22
individually tested receivables
Gains or losses from debt restructuring 35922.98 43138.62
Other non-operating revenue and
-7556011.13-2815692.16
expenditure other than above items
Less: Impact of income tax -1982874.65 11059512.89
Impact of non-controlling interests
-414584.94-1533891.94
(after tax)
Total 26923568.11 78025582.90 --
Other circumstances can be defined as non-recurring profit and loss:
□ Applicable √ Not applicable
There is no other circumstances can be defined as non-recurring profit and loss.For the Company’s non-recurring profit and loss items as defined in “the Explanatory Announcement No.1 on informationdisclosure for Companies Offering their Securities to the Public-Non-recurring Profits and Losses” and its non-recurring profit andloss items as illustrated in “the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securitiesto the Public-Non-recurring Profits and Losses” which have been defined as recurring profits and losses it is necessary to explain
the reason.□ Applicable √ Not applicableNone of Non-recurring profit and loss items recognized as recurring profit and loss items as defined by “the ExplanatoryAnnouncement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Profits andLosses” in the report period.
3Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
3. Major Changes in Financial Data and Financial Index and Reasons
√ Applicable □ Not applicable
Items and reasons for the changes of more than 30% compared with the beginning of the year or compared with the
same period of the previous year in the consolidated statement:
Increase
1. Statement of Financial Position / Reasons
Decrease
Due to the decrease in the discount scale of this
Cash at bank and on hand -30.23%
period's bills and other factors.Due to the decrease in the discount scale of this
Notes receivable 43.67%
period's bills and other factors.Due to changes in export sales and other factors in
Accounts receivable 56.04%
this period.Due to the decrease in the discount scale of this
Accounts receivable financing 632.53%
period's bills and other factors.Due to the increase in advance payment for raw
Prepayments 73.04%
materials and fuels for this period.Due to the receipt of arrears such as life belt show
Other receivables -96.80%
receivables etc.Due to the increase in short-term loans and
Short-term loans 67.95%
discounted unexpired bills.Due to the increase in unused employee education
Employee benefit payables 653.10%
funds provisioned in this period.Due to the payment made by holding subsidiary of
Dividend payables -54.80%
previous year’s dividends to minority shareholders.Other payables 41.68% Due to the increase in project payables.Other non-current liabilities due within
554.07% Due to the reclassification of convertible bonds.
one year
Due to the increase in long-term bank loans obtained
Long-term loans 41.28%
in this period.- Due to the reclassification of convertible bonds to
Bonds payables
100.00% non-current liabilities due within one year.
Fair value movement impact of other equity
Other comprehensive income -42.47%
instrument investments for the current period.
1829.93 Due to the increase in special reserves already
Special reserves
% provisioned but not used.Increase
2. Statement of comprehensive income / Reasons
Decrease
Due to the increase in interest on interest-bearing
Financial expenses 38.89%
liabilities and exchange losses.
4Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
-
Asset impairment losses Due to the reversal of inventory impairment.
356.20%
Due to the provision for bad debts of accounts
Credit impairment losses 135.70%
receivable.Due to the decrease in the discount scale of this
Income on investment 44.00%
period's bills and other factors.Asset disposal gains -99.97% Due to a decrease in asset disposal.Due to the decrease in insurance compensation and
Non-operating income -67.06%
gains from fixed asset scrapping.Increase
3. Statement of cash flows / Reasons
Decrease
Tax rebate received -90.42% Due to the decrease in tax rebate received.-
Net cash flows from operating activities Due to the decrease in cash sales and notes discounts.
107.61%
Net cash received from disposal of fixed
1795869. Due to the recovery of foreign exchange during the
assets intangible assets and other long-
82% current period from disposal of assets previously.
term assets
Cash paid for acquisition of fixed assets
Due to the increase in foreign exchange for
intangible assets and other long-term 90.00%
purchasing and constructing long-term assets.assets
Due to the increase in the purchase and construction
Net cash flows from investing activities -86.34% of long-term assets and foreign exchange paid for
investment.Proceeds from borrowings 53.54% Due to the increase in bank loans obtained.Cash payments for distribution of Due to the increase in profit distribution and interest
77.69%
dividends profit or interest expenses payment.
2039.74
Net cash flows from financing activities Due to the increase in bank loans obtained.%
Net increase in cash and cash equivalents 238.87% Due to the increase in bank loans obtained.II. Shareholders Information
1. Total number of common shareholders preferred shareholders whose voting rights
restored and shareholding of top 10 shareholders
Unit: Share
The total number of preferred
Total number of common
shareholders whose voting rights has
shareholders at the end of the 46600 0
been restored at end of the reporting
reporting period
period（if any）
Shareholding by Top 10 shareholders (excluding shares loaned through refinancing)
Name of the Nature of Proportion of Quantity of Amount of Number of shares pledged/frozen
5Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
shareholder shareholder shares held shares restricted shares
State of share Quantity
held
State-
Benxi Steel & Iron
owned legal 58.65% 2409628094 0 Frozen 102100000
(Group) Co. Ltd.person
State-
Bengang Group
owned legal 17.95% 737371532 0 Not applicable 0
Co. Ltd.person
Domestic
Guan Hui natural 0.68% 28000000 0 Not applicable 0
person
Domestic
Zhang Wenyou natural 0.43% 17662365 0 Not applicable 0
person
Domestic
Lyu Ruijun natural 0.30% 12289200 0 Not applicable 0
person
Hong Kong
Securities Overseas
0.27% 11007761 0 Not applicable 0
Clearing Company legal person
Ltd.Domestic
Ma Yonghua natural 0.24% 10033357 0 Not applicable 0
person
Domestic
Gao Tao natural 0.24% 10000000 0 Not applicable 0
person
Domestic
Zhou Wei natural 0.24% 9696700 0 Not applicable 0
person
Domestic
Tang Linlin natural 0.21% 8800000 0 Not applicable 0
person
Shareholding of top 10 shareholders of unrestricted shares (Excluding shares lent through refinancing and shares locked by senior
executives)
Number of non-restricted common shares held at the Category of shares
Name of the shareholder
period-end Category of shares Quantity
Benxi Steel & Iron (Group) Co. Common shares in
24096280942409628094
Ltd. RMB
Bengang Group Co. Ltd. 737371532 Common shares in 737371532
6Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
RMB
Common shares in
Guan Hui 28000000 28000000
RMB
Common shares in
Zhang Wenyou 17662365 17662365
RMB
Domestically listed
Lyu Ruijun 12289200 12289200
foreign shares
Hong Kong Securities Clearing Common shares in
1100776111007761
Company Ltd. RMB
Domestically listed
Ma Yonghua 10033357 10033357
foreign shares
Domestically listed
Gao Tao 10000000 10000000
foreign shares
Common shares in
Zhou Wei 9696700 9696700
RMB
Common shares in
Tang Linlin 8800000 8800000
RMB
Benxi Steel & Iron (Group) Co. Ltd. and Bengang Group Co. Ltd. are related parties and action-Related-parties or acting-in- in-concert parties as defined in “Measures for the Administration of the Takeover of Listedconcert parties among the Companies” . It is unknown to the Company whether there is any other related parties or action-above-mentioned shareholders in-concert parties as defined in “Measures for the Administration of the Takeover of ListedCompanies”among the above-mentioned shareholders.Guan Hui holds 28000000 shares of the company through an investor's credit securities account.Zhang Wenyou holds 5998 shares of the company through an ordinary securities account and
Shareholders among the top 10
holds 17656367 shares of the company through an investor's credit securities account. Zhou Wei
participating in securities
holds 744900 shares of the company through an ordinary securities account and holds 8951800
margin trading (if any)
shares of the company through an investor's credit securities account. Tang Linlin holds
8800000 shares of the company through an investor's 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
2. Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred
Shareholders
□ Applicable √ Not applicable
7Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
III. Other Major Events
√ Applicable □ Not applicable
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.IV. Quarterly Financial Statements
1. Financial Statements
(1) CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Prepared by: Bengang Steel Plates Co. Ltd.September 30 2025
Unit: Yuan
Items Ending balance Beginning balance
Current assets:
Cash at bank and on hand 1712179489.27 2453888470.48
Settlement provisions
Capital lent
Financial assets held for trading
Derivative financial assets
Notes receivable 872455531.79 607279481.42
Accounts receivable 782506098.49 501484081.73
Accounts receivable financing 471751134.05 64399942.70
Prepayments 678027193.19 391823135.87
Premium receivable
Reinsurance accounts receivable
Receivable deposit for reinsurance
contract
Other receivables: 4765377.99 149015138.26
Including: Interest receivables
Dividend receivables
Redemptory financial assets for sale
8Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Ending balance Beginning balance
Inventories 7146120035.19 7333084694.27
Including: data assets
Contract assets
Assets classified as held for sale
Non-current assets due within one year
Other current assets 482703046.03 437081260.66
Total current assets 12150507906.00 11938056205.39
Non-current assets:
Loan and advances issued
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 44800493.99 45413221.72
Other equity instrument investments 886757692.57 933426254.63
Other non-current financial assets
Investment properties
Fixed assets 26064132012.43 26426320453.57
Construction in progress 5046959207.72 3934442501.50
Productive biological assets
Oil and gas assets
Right of use assets 1704657075.22 1685925710.14
Intangible assets 386433292.04 394780068.68
Including: data assets
Development expenditure
Including: data assets
Goodwill
Long-term deferred expenses
Deferred tax assets 383420623.82 371234449.79
Other non-current assets 63102773.13 86297275.16
Total non-current assets 34580263170.92 33877839935.19
Total assets 46730771076.92 45815896140.58
Current Liabilities:
Short-term loans 623179035.07 371055490.50
9Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Ending balance Beginning balance
Loan from central bank
Absorbed deposit and interbank deposit
Financial liabilities held for trading
Derivative financial liabilities
Notes payable 12162230977.36 12982703669.86
Accounts payable 3438989468.14 2761759439.36
Advance from customers 59327.21
Contract Liabilities 3560564920.73 2908598425.73
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Employee benefits payable 13352947.60 1773068.35
Current tax liabilities 45288234.41 54070097.83
Other payables 3336213496.29 2354694200.01
Including: Interest payables
Dividend payables 45054305.70 99687100.35
Handling charges and commission
payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
1030502916.66
year 6740227985.03
Other current liabilities 341215657.44 328981058.74
Total current liabilities 30261262722.07 22794197694.25
Non-current liabilities:
Provision for insurance contract
Long-term loans 4085655636.51 2891941462.40
Bonds payable 5569899459.53
Including: Preferred stock
Perpetual bond
Lease liabilities 1675372218.54 1633911586.51
Long-term payables
Long-term employee benefits payables
10Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Ending balance Beginning balance
Estimated liabilities
Deferred income 173715862.24 173919087.47
Deferred tax liabilities 254228254.24 252893530.26
Other non-current liabilities
Total non-current liabilities 6188971971.53 10522565126.17
Total liabilities 36450234693.60 33316762820.42
Shareholders’ equity:
Share capital 4108234988.00 4108228157.00
Other equity instruments 947844698.67 947850195.03
Including: Preferred stock
Perpetual bond
Capital reserves 13225652138.96 13225632166.95
Less: treasury shares
Other comprehensive income -133075474.37 -93407196.62
Special reserves 15625711.01 809649.65
Surplus reserves 1195116522.37 1195116522.37
General risk reserves
Undistributed profits -9712800262.61 -7497011632.90
Total equity attributable to equity holders of
11887217861.48
the parent company 9646598322.03
Non-controlling interests 633938061.29 611915458.68
Total shareholder’s equity 10280536383.32 12499133320.16
Total liabilities and shareholder’s equity 46730771076.92 45815896140.58
Legal Representative: Huang Zuowei Person in charge of accounting: Liu Tiecheng Accounting Dept. Leader: E Jianan
(2) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FROM THE BEGINNING OF
THE YEAR TO THE END OF THE CURRENT REPORTING PERIOD
Unit: Yuan
Items Current Period Previous Period
1. Total operating income 35200834025.70 40214610054.66
Including: Operating income 35200834025.70 40214610054.66
Interest income
Premium earned
Income from handling charges
11Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
and commission
2. Total operating cost 37453193556.63 43421772425.32
Including: Operating cost 36391267201.93 42399247663.38
Interest cost
Expenditure for handling charges
and commission
Surrender value
Net expenditure for compensation
Net provision for insurance
contract appropriated
Bonus payment for policy
Reinsurance premium
Taxes and surcharges 155564063.78 153151382.44
Selling and distribution expenses 92001137.07 108019990.87
General and administrative
464341927.18494830793.70
expenses
Research and development
54752626.0553925267.51
expenses
Financial expenses 295266600.62 212597327.42
Including: interest expenses 309697561.12 295000248.90
Interest incomes 26689803.89 31499958.19
Add: Other incomes 154366417.48 141548112.50
Income on investment ("-" for loss) -22695482.30 -40524050.79
Including: Income from associates and
-612727.73
joint ventures
Income from derecognition
-2505428.74
of financial assets measured at amortised cost
Exchange Income ("-" for loss)Hedging income from net exposure (“-"for loss)Gains from the change in fair value (“-"for loss)Expected credit losses (“-" for loss) -12677662.88 35515359.27Asset impairment losses (“-" for loss) 36671170.60 -14313228.28Assets disposal gains（“-” for loss） 3008.85 11020778.49
12Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
3. Operating profit ("-" for loss) -2096692079.18 -3073915399.47
Add: Non-operating income 13540857.60 41106155.16
Less: Non-operating expenses 47854258.98 50847144.88
4. Total profit ("-" for loss) -2131005480.56 -3083656389.19
Less: Income tax expenses 32724492.30 54795869.13
5. Net Profit ("-" for loss) -2163729972.86 -3138452258.32
(1) Classification by continuing
operating
1 Net profit from continuing
-2163729972.86-3138452258.32
operation ("-" for loss)
2 Net profit from discontinued
operation ("-" for loss)
(2) Classification by ownership
1 Net profit attributable to the
-2215788629.71-3192607074.11
owners of parent company
2 Net profit attributable to non-
52058656.8554154815.79
controlling shareholders
6. Other comprehensive income after tax -39668277.75
Other comprehensive income attributable to
-39668277.75
owners of parent company after tax
1) Other comprehensive income items
-39668277.75
that will not be reclassified into gains/losses
(1) . Re-measurement of defined
benefit plans of changes in net debt or net
assets
(2) . Other comprehensive income
under the equity method cannot be reclassified
into profit or loss
(3). Changes of fair value of other
-39668277.75
equity instrument investments
(4). Changes in the fair value of
the company's own credit risk
(5). Others
2) Other comprehensive income that will
be reclassified into profit or loss
(1) . Other comprehensive income
under the equity method can be reclassified
13Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
into profit or loss
(2). Gains and losses from fair
value changes of other debt investments
(3). Gains and losses resulting
from reclassification of financial assets
recognised in other comprehensive income
(4). Credit impairment losses of
other debt investments
(5). Effective portion of gains or
losses from cash flow hedging
(6). Translation differences in
foreign currency financial statements
(7). Others
Other comprehensive income attributable to
non-controlling shareholders after tax
7. Total comprehensive income -2203398250.61 -3138452258.32
Total comprehensive income attributable
-2255456907.46-3192607074.11
to owners of parent company
Total comprehensive income attributable
52058656.8554154815.79
to non-controlling shareholders
8. Earnings per share:
1) Basic earnings per share -0.539 -0.777
2) Diluted earnings per share -0.539 -0.777
The current business combination under common control the net profits of the combined party before achieved: 0 Yuan net profit
of previous period of the combined party realized: 0 Yuan.Legal Representative: Huang Zuowei Person in charge of accounting: Liu Tiecheng Accounting Dept. Leader: E Jianan
(3) CONSOLIDATED STATEMENT OF CASH FLOWS FROM THE BEGINNING OF THE YEAR TO
THE END OF THE CURRENT PERIOD
Unit: Yuan
Items Current Period Previous Period
1. Cash flows from operating activities:
Cash received from sale of goods or
38842429425.1142616477825.56
rendering of services
Net increase of customers’ deposit and
interbank deposit
Net increase of loan from central bank
14Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
Net increase of loans from other
financial institutions
Cash received for premium of original
insurance contract
Net cash received for reinsurance
business
Net increase of deposit and investment
of the insured
Net increase of Financial assets at fair
value through profit or loss
Cash from receiving interest handling
charge and commission
Net increase of loans from other
financial institutions
Net increase of fund for buy-back
business
Tax rebate received 9630463.34 100527760.34
Other cash received relating to
148554958.96153221070.41
operating activities
Subtotal of cash inflows from operation
39000614847.4142870226656.31
activities
Cash paid for goods and services 37084963204.13 39423557861.60
Net increase of customer’s loan and
advances
Net increase of deposit in central bank
and interbank deposit
Cash for payment of compensation for
original insurance contract
Net increase in funds lent
Cash for payment of interest handling
charge and commission
Cash for payment of policy bonus
Cash paid to and on behalf of
1430321392.671505397400.28
employees
Cash paid for all types of taxes 283327290.53 345924915.56
Other cash paid relating to operating
300963143.58295350120.44
activities
15Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
Subtotal of cash outflows from operation
39099575030.9141570230297.88
activities
Net cash flows from operating activities -98960183.50 1299996358.43
2. Cash flows from investing activities:
Cash received from return on
investments
Cash received from distribution of
dividends or profit
Net cash received from disposal of
fixed assets intangible assets and other long- 87183020.00 4854.37
term assets
Net cash received from disposal of
subsidiary and other operating units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
87183020.004854.37
activities
Cash paid for acquisition of fixed
assets intangible assets and other long-term 1410008415.92 742099442.88
assets
Cash paid for acquisition of investments 60000000.00
Net increase of mortgage loan
Net cash paid for acquisition of
subsidiary and other operating unit
Other cash paid relating to investing
activities
Subtotal of cash outflows from investing
1470008415.92742099442.88
activities
Net cash flows from investing activities -1382825395.92 -742094588.51
3. Cash flows from financing activities:
Proceeds from investment 29400000.00
Including: Proceeds from investment of
29400000.00
non-controlling shareholders of subsidiary
Proceeds from borrowings 4206897823.71 2740000000.00
Other proceeds relating to financing
2707393578.902928779109.74
activities
Subtotal of cash inflows from financing 6943691402.61 5668779109.74
16Bengang Steel Plates Co. Ltd. Third Quarter Report 2025
Items Current Period Previous Period
activities
Cash repayments of borrowings 3065289832.66 2558590268.00
Cash payments for distribution of
436417933.62245601803.85
dividends profit or interest expenses
Including: Cash paid to non-controlling
shareholders as dividend and profit by 109257912.53
subsidiaries
Other cash payments relating to
2728904662.572901348657.05
financing activities
Subtotal of cash outflows from financing
6230612428.855705540728.90
activities
Net cash flows from financing activities 713078973.76 -36761619.16
4. Effect of foreign exchange rate changes on
17036249.8520142085.80
cash and cash equivalents
5. Net increase in cash and cash equivalents -751670355.81 541282236.56
Add: Cash and cash equivalents at the
1590205218.911199685408.38
beginning of the period
6. Cash and cash equivalents at the end of
838534863.101740967644.94
the period
2. Adjustments to beginning balance due to the first-time implementation of new accounting
standards from 2025
□ Applicable √ Not applicable
3. Audit report
Whether the third quarter report is audited
□ Yes √ No
The third quarter report is not audited.Board of Directors of Bengang Steel Plates Co. Ltd.October 29 2025
17
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