[中报]本钢板Ｂ(200761):2023年半年度报告（英文版）
原标题:本钢板Ｂ:2023年半年度报告（英文版） 2023 Semi-Annual Report August, 2023 Section I Important Notice, Contents and Definitions The Company’s Board of Directors, Board of Supervisors, directors, supervisors, and senior managers guarantee that the content of the semi-annual report is true, accurate, and complete, and there are no false records, misleading statements, or major omissions, and assume individual and joint legal responsibilities. Li Yan, legal representative, Zheng Zhengli, Chief financial officer, and Sun Yanbin, Chief accountant (the person in charge of the accounting), hereby declare that they guarantee the authenticity, accuracy and completeness of the financial report in this semi-annual report. All directors have attended the board meeting for reviewing the semi-annual report. This report involves forward-looking statements such as future plans, and does not constitute a substantial commitment by the Company to investors. Investors are reminded to pay attention to investment risks. This report is compiled in Chinese and English respectively. The Chinese version shall prevail when there are any controversial statements in the two versions. The Company has described the existing risks and countermeasures in detail in this report, please refer to Section III-X “Risks Faced by the Company and Countermeasures”. “China Securities Journal”, “Securities Times”, Shenzhen Stock Exchange website and Juchao Information Network are the media selected by the company for information disclosure. All the information of the Company is subject to the information published in the above-mentioned designated media. Investors are reminded to pay attention to investment risks. The Company does not have any significant risks that require investors’ attention. The Company plans not to distribute cash dividends, bonus shares, and convert capital reserve into share capital. Contents Section I Important Notice, Contents and Definitions ......................................................................................... 2 Section II Company Profile and Main Financial Index........................................................................................ 6 Section III Management Discussion and Analysis ................................................................................................ 9 Section IV Corporate Governance ....................................................................................................................... 28 Section V Environmental and Social Responsibility ........................................................................................... 30 Section VI Important Events ................................................................................................................................ 38 Section VII Changes in Share Capital and Shareholders ................................................................................... 61 Section VIII Preference Shares Related Situation .............................................................................................. 66 Section IX Bonds Related Situation ..................................................................................................................... 67 Section Ⅹ Financial Report .................................................................................................................................. 70 Reference File Directory 1. Financial statements signed and sealed by Legal representative, Chief financial officer, Chief accountant; 2. The originals of all company documents and announcements publicly disclosed during the reporting period; 3. Semi-annual reports published in other securities markets. Definition
Section II Company Profile and Main Financial Index I. Company Profile
1. Contract Information of the Company Whether the Company’s registered address, Company’s office address and mail code, Company website, E-mail address, etc. have changed during the reporting period □Applicable ?Not applicable The Company's registered address, Company office address and mail code, Company website, E-mail, etc. have not changed during the reporting period. For details, please refer to the 2022 annual report. 2. Information Disclosure and Preparation Location Whether the location of information disclosure and preparation changed during the reporting period □Applicable ?Not applicable The stock exchange website and media name and website where the Company discloses the semi-annual report, and the location where the Company’s semi-annual report is prepared has not changed during the reporting period. For details, please refer to the 2022 annual report. 3. Other Relevant Information Whether other relevant information has changed during the reporting period □Applicable ?Not applicable IV. Main Financial Data and Financial Index Whether the company needs to retrospectively adjust or restate accounting data for previous years □Yes ?No
1. Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under IFRS and Chinese Accounting Standards □Applicable ?Not applicable There are no differences of net profit and net assets disclosed in financial reports prepared under IFRS and Chinese accounting standards during the reporting period. 2. Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under Overseas and Chinese Accounting Standards □Applicable ?Not applicable There are no differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards during the reporting period. VI. Items and Amount of Non-recurring Profits and Losses ?Applicable □Not applicable Unit: yuan
There exists no situation of other profit and loss items that meet the definition of non-recurring profit and loss. Explanation on defining the non-recurring profit and loss items listed in the “Interpretive Announcement No. 1 on Information Disclosure of Companies Offering Securities to the Public - Non-recurring Profit and Loss” as recurring profit and loss items □Applicable ?Not applicable The Company does not define the non-recurring profit and loss items listed in the “Interpretive Announcement No. 1 on Information Disclosure of Companies Offering Securities to the Public - Non-recurring Profit and Loss” as recurring profit and loss items. Section III Management Discussion and Analysis I. Main Business of the Company During the Reporting Period 1. Industry Development Situation In the first half of 2023, the iron and steel industry showed a situation of rebounding production and weak consumption internally and externally strong, which fell short of expectations as a whole. Especially in the second quarter, the demand of the downstream steel industry is insufficient, the fundamentals of steel products are gradually deteriorating, and the overall steel price is running weak. In the first half of the year, the steel market was still in a state of "high cost" and "low profit". 2. Main Business, Main Products and their Uses During the reporting period, the main businesses engaged in by the company include iron and steel smelting, rolling processing, power generation, coal chemical industry, special steel profiles, railways, import and export trade, scientific research, product sales, etc., and basically established a high-quality steel base mainly for automobile steel. More than 60 varieties and more than 7,500 specifications of product series have been formed, and the proportion of high value-added and high-tech products has reached more than 80%. Leading products such as automotive surface panels, home appliance panels, oil pipeline steel, container panels, and ship panels are widely used in the fields of automobiles, home appliances, petrochemicals, aerospace, machinery manufacturing, energy transportation, architectural decoration, and metal products, and exported to more than 60 countries and regions. During the reporting period, there was no major change in the company's main business. 3. Business Model Procurement mode: The company's procurement mode includes domestic procurement and 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 association procurement, direct procurement, open and invited bidding, price inquiry and comparison, competitive negotiation, consultation procurement and other modes, and is mainly represented by Bensteel Group International Economic and Trade Co., Ltd. Sales model: The company's sales are divided into domestic sales and export sales. The domestic sales mainly adopt the direct sales model. The company directly sells to large customers, and other small and medium customers sell to them through regional sales subsidiaries. The export mainly utilizes the powerful marketing network accumulated by Bensteel Group International Economic and Trade Co., Ltd. in international trade for many years, and its agent company exports the products and pays the agency fee to Bensteel Group International Economic and Trade Co., Ltd. 4. Key Drivers of Performance During the reporting period, in the face of the severe steel market situation, the company closely focused on the "7531" strategic goal of Ansteel Group and the "1357" work guidelines of Bensteel Group, maintained strategic determination, enhanced development confidence, and established "cash is king, customer first" ", keep an eye on the market, pay close attention to the field, anchor the advanced level of the industry, and use the two hard measures of "benchmarking + lean" to promote extreme cost reduction and quality improvement, to promote vitality through reform, and to increase efficiency with efficiency. We spared no effort to prevent risks and plug loopholes, and achieved hard-won achievements in production and operation and enterprise reform, and the level of corporate governance was significantly improved. The company's main operating indicators were completed: the output of pig iron was 5.0294 million tons, an increase of 79,300 tons year-on-year, an increase of 1.6% year-on-year; the output of crude steel was 5.6688 million tons, an increase of 470,600 tons year-on-year, an increase of 9.05% year-on-year; the output of steel products was 8.1371 million tons, an increase of 42,700 tons or 0.52% year-on-year. Looking back on the work in the first half of the year, it is mainly reflected in the following aspects: (1) Implement the strategy of high-quality products, and the output and quality of automobile sheets have reached new heights. A total of 1.249 million tons of auto sheets were produced, an increase of 244,000 tons year-on-year. The user and product connotation have been significantly improved, the proportion of direct-supply users' orders has increased to 84%, and the proportion of competitive products has increased to 35.28%. Obtained the exclusive contracting share of 38 parts of Mercedes- Benz heavy truck CXT new model; successfully passed BMW, SAIC Passenger Vehicle and other production line certifications and 11 product certifications, and completed GM, Ideal, and Chery Automobile certifications. (2) Adhere to the needs of users, and the level of physical quality has been greatly improved. Fully implement the "seven iron laws" of Bengang steel and plates's quality and service, adhere to customer needs as the center, vigorously promote the standardized construction of "system + lean", and enhance the hard power of Bengang steel and plates's brand. The one-time pass rate of original varieties in the whole process has been greatly improved, and the quality cost has been reduced by 15%; the delivery rate of Class A direct supply user contracts and main engine factory contracts has reached 100%. (3) Promote extreme cost reduction, and the process cost reduction effect is remarkable. Relying on the Nissin and Nissin settlement system, we will keep a close eye on procurement, manufacturing, and sales, adhere to benchmarking and tapping potentials, and use the concept of "zero waste" to break down cost reduction indicators to positions. The company's 19 indicators such as power consumption per ton of steel, turnover rate of torpedo tanks, converter gas recovery, and first hot rolling production have reached the best level in history, creating profits of 134 million yuan, and process quota indicators have decreased by 160 million yuan year-on-year. (4) Continuing to concentrate superior forces and create a "star production line". Guided by the "star production line", through the inclination of resources and policies, on the basis of realizing economic operation, the production efficiency has been greatly improved, and key indicators have continued to improve. The "star production line" of each process has set new production capacity records many times. (5) Carry out lean reform and promote management upgrading. Promote the separation of the main and auxiliary, the separation of management and office, and professional integration, and optimize the establishment of 118 government departments. Establish a logistics center and resource service branch, promote the separation of main and auxiliary, and realize the deep integration of logistics resources and renewable resources. Carry out actions related to building a world-class enterprise in an all-round way, and implement 108 promotion tasks, with a completion rate of over 93%. Organized a special training camp for operation managers, carried out problem-oriented "red card combat" activities, found 456 abnormal items, and completed 95% of the rectification; promoted 82 lean topics and improved 1,077 proposals. Carry out the "two systems and one contract" innovative penetrating assessment mode, with a signing rate of 100%. (6) Hold the bottom line of safety and build a modern green steel enterprise. In accordance with the requirements of the "four unifications", strengthen the management and control of related parties, and implement the "blacklist" system and regional restrictive management. Carry out risk identification of all elements and processes, accumulatively identify 11,353 safety risks, and implement dynamic management on all of them. Adhere to the "six combinations", establish the concept of "active work, all staff work, fast work", and vigorously promote the construction of garden-style factories. According to the "Four Modernizations" list, the overall construction progress has been completed by 89%, the newly added green area is 290,000 square meters, and the green rate has reached 14.53%. II. Analysis on Core Competitiveness The company adheres to the innovation-driven and "high-quality goods + service" development model, with the strategic goal of building a highly internationally competitive high-quality plate base, a domestic first-class special steel base and a comprehensive service provider, and plays a strategic leading role, focusing on improving quality and efficiency, variety upgrading, technological innovation, green and intelligent manufacturing, etc., innovate management ideas, enhance the core competitiveness of enterprises, and promote enterprises to achieve high-quality, green and intelligent development. 1. Manufacturing capacity. Guided by "star production lines", the division of labor in production lines will be refined to promote economic operation. Adhere to the iron system as the core, focus on the connection of iron and steel processes, reasonably match the steel post-process production lines and resources, take the improvement of the fist product increment represented by the automobile sheet as the main line, continue to optimize the product and user structure, and promote the maximization of benefits . Grasp the "lifeline" of quality, take the "seven iron laws" of company quality and service as the fundamental starting point, comprehensively improve product quality, adhere to customer-centricity, promote the standardized construction of "system + lean", and enhance brand market competitiveness. 2. Equipment transformation and upgrading. Adhere to the efficiency as the center, proceed from the long-term development of the company, unify the thinking, clarify the positioning, and accelerate the upgrading of equipment as a whole. In 2023, the company issued a fixed asset investment plan of 1.52 billion yuan, focusing on the implementation of items such as the environmental protection and intelligent upgrade of the stockyard, the upgrade of the 1780 production line, the transformation of the first cold rolling main body of the cold rolling plant, and the ultra-low emission transformation. Adhere to high-starting planning and high- standard construction, strictly control the level of technology, energy consumption, and environmental protection, and the level of key technology and equipment has reached the industry's advanced level. At present, a number of key projects such as the No. 5 RH refining transformation of the steel plant and the new tertiary dust removal system of the steel plant have been put into operation. Projects such as the environmental protection transformation of the material yard of the Ironmaking General Plant and the energy centralized control of the energy management and control center will enter the commissioning stage in September 2023. 3. New product development capabilities. Successfully developed 26 brands of new products, of which 24 brands achieved market sales, a year-on-year increase of 105%. The successful development of galvanized high-strength QP980+Z added another member to the company's third-generation automotive steel family. The special steel products represented by 18CrNiMo7-6 fill the blank of steel for wind power gears in Benxi Iron and Steel. Breed the first product, complete Delta-TRIP780 laboratory research and industrial trial production of high-strength and high-fatigue performance rim steel BG650LW. 4. Technological innovation ability. Relying on the Liaoning Provincial Industry-University-Research Innovation Alliance Platform, we carried out new product development and cutting-edge technology research, and signed 10 industry-university- research cooperation projects with Dalian University of Technology, Northeastern University, and Liaoning University of Science and Technology. In terms of standards, 60 enterprise standards have been drafted, 2 international standards are under research, 18 national and industry group standards are under research, and 2 newly released and implemented group standards. In terms of intellectual property rights, the number of patents accepted in the first half of the year was 210, and the number of authorized technological achievements, 9 scientific and technological achievements including "Development of Intensive Ultra-High-Strength Steel Galvanized Dual-Phase Steel Series Based on Pre-oxidation Technology" were nominated for the 2022 Liaoning Provincial Science and Technology Progress Award, reaching the best level in history. "2000MPa Hot Formed Steel" won the first prize in the 5th China Automobile Lightweight Design Competition, and "Hot Stamping Steel Series Product Development" was included in the "Science and Technology of China" Pilot Technology List in the field of advanced materials. 5. Green development capability. In accordance with the policy requirements of the country and Liaoning Province on ultra-low emissions in the iron and steel industry, relying on professional planning and research institutions to scientifically prepare environmental protection improvement plans and project implementation plans, through clean production, treatment of three wastes, environmental protection management, "AAA" scenic garden factory construction and other all-round green improvements, the community of environmental quality has been realized. Promote the integration of industry and city, and strive to build the company into an "ecological steel factory" that develops harmoniously with the city. 6. Intelligent manufacturing capability. Taking "digitalization and intelligence" as the starting point, promote the in-depth application of 10 business systems including sales management, scientific research management, and production management of the "Benxi Iron and Steel Industry Management and Informatization Overall Improvement Project". Promote the implementation of smart quality demonstration projects such as the quality consistency system, energy centralized control, and iron front centralized control projects, and promote the company's digital transformation. Guided by the core indicators of the 14th Five- Year Plan, promote the construction of "four modernizations" indicators such as automation, informatization, digitalization, and intelligence. The automatic control rate of production lines in key areas of production units has increased by 30%, and the coverage rate of production execution system construction has reached 100%. The 3D job replacement rate, the construction completion rate of the four production lines and the four chemical plants increased by 30%. III. Main Business Analysis Please refer to the relevant content in "I. Main Business of the Company During the Reporting Period ". Changes in main financial data Unit: yuan
□Applicable ?Not applicable There was no major change in the company's profit structure or profit sources during the reporting period. Composition of Operating Income Unit: yuan
The industry, product or region accounting for more than 10% of the company's operating income or operating profit ?Applicable □Not applicable Unit: yuan
main business data for the latest period adjusted according to the caliber at the end of the reporting period □Applicable ? Not applicable IV. Non-core Business Analysis ?Applicable □Not applicable Unit: yuan
V. Analysis of Assets and Liabilities 1. Significant Changes in Asset Composition Unit: yuan
2. Main Overseas Assets □Applicable ?Not applicable 3. Assets and Liabilities Measured at Fair Value □Applicable ?Not applicable 4. Restricted Property Rights as of the End of the Reporting Period
VI. Investment Situation Analysis 1. General Situation □Applicable ?Not applicable 2. Significant Equity Investment Acquired During the Reporting Period □Applicable ?Not applicable 3. Significant Non-equity Investments in Progress During the Reporting Period □Applicable ?Not applicable 4. Financial Assets Investment (1) Securities investment □Applicable ?Not applicable There was no securities investment in the company during the reporting period. (2) Derivatives Investment Situation （未完）  |