[年报]本钢板Ｂ(200761):2025年年度报告摘要（英文版）

时间：2026年04月04日 01:16:29 中财网

原标题:本钢板Ｂ:2025年年度报告摘要（英文版）

StockCode:000761 Abbreviation:BengangBancai AnnouncementNo.：2026-008SummaryofAnnualReport2025ofBengangSteelPlatesCo.,Ltd.
I.ImportantNotice
ThisAnnualReportSummaryistakenfromthefulltextoftheAnnualReport.InvestorsareadvisedtocarefullyreadthefulltextoftheAnnualReportpublishedonthemediadesignatedbyChinaSecuritiesRegulatoryCommissioninordertofullyunderstandtheCompany’soperationresults,financialpositionandfuturedevelopmentplan.Alldirectorshaveattendedtheboardmeetingtoreviewthisreport.
Non-standardauditor’sopinion
□Applicable√Notapplicable
PlansforprofitdistributiononordinarysharesorconversionofcapitalreservesintosharecapitalproposedtotheBoard
duringthereportingperiod
□Applicable√Notapplicable
TheCompanyplansnottopaycashdividends,issuebonusshares,orincreasecapitalbyconvertingreserves.PlansforprofitdistributiononpreferencesharesforthereportingperiodapprovedbytheBoard□Applicable√Notapplicable
Asoftheendofthereportingperiod,theparentcompanyhadunrecoveredlosses:√Applicable □Notapplicable
Thenetprofitoftheparentcompanyin2025wasRMB-4,085,561,948.08yuan,andthecumulativeundistributedprofitasoftheendof2025wasnegative.
II.CompanyProfileandMainFinancialIndex
1.Companyprofile

Stockabbreviation	BengangBancai,Bengangban B	StockCode	000761,200761
Stockexchangeforlisting	ShenzhenStockExchange
Contactpersonandmanner	Boardsecretary	SecuritiesaffairsRepresentative
Name	LiuTiecheng	ChenLiwen
Address	No1-1GangtieRoad,PingshanDistrict, BenxiCity,LiaoningProvince	No1-1GangtieRoad,PingshanDistrict, BenxiCity,LiaoningProvince
Fax	024-47827004	024-47827004
Tel	024-47827003	024-47828980
Email	[email protected]	[email protected]

2.BriefintroductionofmainbusinessesorproductsduringthereportingperiodTheCompanyoperateswithinthesteelindustry,whichservesasavitalfoundationalsectorofournationaleconomy,acrucialpillar
intheconstructionofamodernandpowerfulnation,andakeydomainforrealizinggreenandlow-carbondevelopment.Duringthereportingperiod,theCompany'sprimarybusinessoperationsencompassedsteelsmelting,rollingandprocessing,power
generation, coal chemicals, specialty steel bars, railway operations, import and export trade, R&D, and product sales. By
introducingworld-classequipmentandtechnology,theCompanyimplementedupgradesandmodernizationacrossitscoresteel
operations,therebyestablishingapremiumsteelproductionbase.Thisinitiativehasresultedinacomprehensiveproductportfolio
appliancesheets,oilpipelinesteel,containerplates,andshipbuildingplates—arewidelyutilizedacrosssectorssuchasautomotive,
homeappliances,petrochemicals,aerospace,machinerymanufacturing,energyandtransportation,constructionanddecoration,and
metalproducts;furthermore,theseproductsareexportedtonumerouscountriesandregionsworldwide.In2025,China'ssteelindustryischaracterizedby"volumereductionalongsidequalityenhancement,profitrecovery,andstructural
optimization."Guidedbypoliciesaimedat"controllingtotaloutput,optimizingsupply,strengtheningfoundations,anddriving
transformation," the industry has reversed a two-year downward trend, achieving a significant improvement in economic
performance.
ThecompanyfocusesonsupportingAngangGroupinitspursuitofbecomingaworld-classenterprise.Adheringtoastrategyof
intensivedevelopmentcenteredoneconomicefficiency,weconsolidateour"Lean+DualFoundations"frameworkandpracticea
data-drivenapproachtobusinessmanagement.Weemployextraordinarymeasurestoaddressshortcomingsandoptimizeour
structurallayout,therebyactivelyandeffectivelynavigatingexternalchallengescharacterizedbystrongsupplyandweakdemand.
Prioritizing stability and quality, we implement the "Eight Major Efficiency" metrics; across the entire process chain, we
systematicallyenhanceprocesstechnologies,equipmentprecision,andproductionstabilitytofosterhigh-efficiency,steadyoutput.
Focusingonvaluecreation andgroundedinarollingbudgetsystem weadoptadisciplinedapproachof"calculatingfirst,acting
— —
second;calculatingwhileacting;andcalculatingafteracting."Wehaveestablishedcomprehensivesystemsforperformancemetrics,
accountability, and assessment to optimize resource allocation and drive the realization of untapped potential and quality
improvements.Leveragingtechnologicalinnovation,wedrivetheupgradingofourproductportfolio,empoweroperationsthrough
digitalization,implementenergy-savingandcarbon-reductionretrofits,andmodernizeenergy-consumingequipmenttofacilitate
overallindustrialupgrading.Finally,withasharpfocusonefficiencyandprofitability,weutilizetransformativereformstobreak
throughbottlenecks.Wereinforcetheinterestsofkeystakeholders,strengtheninternalsynergies,addressdeficiencies,andmobilize
ourentireworkforcetounlockpotentialandenhancequality,therebyfacilitatingafundamentalshiftfromaproduction-oriented
modeltoabusiness-management-orientedmodel.
3.Keyaccountingdataandfinancialindicators
(1)MajoraccountingdataandfinancialindicatorsinthepastthreeyearsWhethertheCompanyneedstoretrospectivelyadjustorrestatetheaccountingdataofpreviousyears?Yes □No
Reasonsforretrospectiveadjustmentorrestatement
BusinessCombinationsunderCommonControl
Unit:RMB

	2025/12/31	2024/12/31	Changesover previousyear	2023/12/31
Grossassets（RMB）	45,770,013,536.58	45,815,896,140.58	-0.10%	46,517,731,929.05
Net assets attributable to shareholders of the listed company（RMB）	7,935,782,007.83	11,887,217,861.48	-33.24%	17,208,525,613.69
	FY2025	FY2024	Changesover previousyear	FY2023
Operatingincome（RMB）	46,392,250,494.48	51,266,361,501.22	-9.51%	57,957,301,717.02
Net profit attributable to the shareholders of the listed company（RMB）	-3,942,278,349.12	-5,037,271,398.28	21.74%	-1,720,871,697.00
Net profit after deducting of non-recurring gain/loss attributableto the shareholders oflistedcompany（RMB）	-4,027,129,631.46	-5,221,601,823.63	22.88%	-2,062,055,810.29
Net Cash flow generated by businessoperation（RMB）	-1,788,816,767.80	1,100,287,994.25	-262.58%	4,346,233,881.23
Basic earnings per share (RMB/Share)	-0.960	-1.226	21.70%	-0.419
Diluted earnings per share	-0.960	-1.226	21.70%	-0.419
(RMB/Share)
Weighted average net assets yield	-39.74%	-34.29%	-5.45%	-9.60%

(2)Keyfinancialindicatorsbyquarter
Unit：RMB

	Firstquarter	Secondquarter	Thirdquarter	Fourthquarter
Operationincome	12,337,783,878.17	12,360,016,543.82	10,503,033,603.71	11,191,416,468.78
Netprofitattributableto theshareholdersofthe listedcompany	-766,311,108.86	-632,966,672.04	-816,510,848.81	-1,726,489,719.41
Netprofitafterdeducting non-recurringgain/loss attributabletothe shareholdersoflisted company	-768,926,383.01	-681,453,412.77	-843,434,416.83	-1,733,315,418.85
Netcashflowsgenerated byoperatingactivities	-417,024,548.77	788,654,312.81	-470,589,947.54	-1,689,856,584.30

Whethertheabovefinancialindicatorsortheirtotalsdiffermateriallyfromthefinancialindicatorsdisclosedinthecompany's
previouslyreleasedquarterlyorsemi-annualreports.
□Yes?No
4.Informationaboutsharecapitalandshareholders
(1)Tableofthenumberofcommonshareholdersandpreferredshareholderswhosevotingrightshavebeenrestoredandthe
shareholdingsofthetop10shareholders
Unit:share

Total number of common shareholder sattheend of the reporting period	45,141	Total number of common shareholder sattheend of the month before the annual report disclosure date	44,336	Total number of preferred shareholder s whose voting rights were restored at the end of the reporting period	0	Totalnumberofpreferred shareholderswhosevoting rightswererestoredatthe end of the month before the annual report disclosuredate	0
Shareholdingoftop10shareholders(Excludingshareslentthroughrefinancing)
Nameof the shareholder	Natureof shareholder	Holding Percentage	Numberofsharesheld	Restrictedsharesheld	Pledge,markorfreeze situation
					Status	Number
BenxiSteel & Iron (Group) Co.,Ltd.	State-owne d legal person	58.65%	2,409,628,094	0	Frozen	102,100,00 0
Bengang Group Co.,Ltd.	State-owne d legal person	17.95%	737,371,532	0	Not applicable	0
GuanHui	Domestic natural	0.70%	28,600,000	0	Not applicable	0

	person
Zhang Wenyou	Domestic natural person	0.43%	17,820,865	0	Not applicable	0
Hong Kong Securities Clearing Company Limited	Foreign legal person	0.35%	14,291,661	0	Not applicable	0
Lyu Ruijun	Domestic natural person	0.30%	12,289,100	0	Not applicable	0
Ma Yonghua	Domestic natural person	0.24%	10,033,357	0	Not applicable	0
ZhouWei	Domestic natural person	0.24%	9,736,700	0	Not applicable	0
GaoTao	Domestic natural person	0.23%	9,600,000	0	Not applicable	0
GaoYong	Domestic natural person	0.23%	9,418,500	0	Not applicable	0
Notes to relationship or ‘actioninconcert’among thetop10shareholders.	BenxiIronandSteel(Group)Co.,Ltd.hasarelatedrelationshipwithBenxiIronandSteelGroup Co.,Ltd.,andisaconcertedactionpersonstipulatedinthe"AdministrativeMeasuresforthe AcquisitionofListedCompanies".ItisunknowntotheCompanywhetherthereisanyrelated connectionor‘ActioninConcert’asdescribedbyRulesofInformationDisclosingRegarding ChangingofShareholdingStatusofListedCompaniesexistingamongtheaboveshareholders.
Shareholders among the top 10 participating in securities margin trading (ifany)	GuanHuiholds600,000sharesoftheCompany'sstockthroughaninvestorgeneralaccountand 28,000,000sharesoftheCompany'sstockthroughaninvestorcreditsecuritiesaccount.Zhang Wenyouholds164,498sharesoftheCompany'sstockthroughaninvestorcreditsecuritiesaccount, 17,656,367sharesoftheCompany'sstockthroughaninvestorcreditsecuritiesaccount.GaoYong holds9,418,500sharesoftheCompany'sstockthroughaninvestorcreditsecuritiesaccount.

Shareholdersholdingmorethan5%oftheshares,thetop10shareholdersandthetop10shareholdersofunrestrictedtradableshares
participatingintherefinancingbusinessandlendingshares
□Applicable√NotApplicable
Thetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedcomparedwiththepreviousperiod
duetolending/repaymentofrefinancing
□Applicable√NotApplicable
(2)Totalnumberofpreferredshareholdersofthecompanyandshareholdingsofthetop10preferredshareholders□Applicable√NotApplicable
Thecompanyhadnopreferredsharesduringthereportingperiod.
(3)BlockdiagramoftheownershipandcontrolrelationsbetweentheCompanyandtheactualcontrollerLiaoning Dongfang
Liaoning Huida
Liaoning Provincial
Liaoning
Ansteel
Fushun New Anrong Investment
State-owned Assets
Group
SocialSecurity
Enterprise
Supervision and
Co.,Ltd.
FundCouncil
SteelCo.,Ltd. Management Partnership
AdministrationCommission
ManagementCo.,Ltd.
(LimitedPartnership)
10%
5% 4.6%
20.4% 51% 9%
BengangGroupCo.,Ltd.
100%
BenxiSteel&Iron(Group)Co.,Ltd.
17.95%
58.65%
BengangSteelPlatesCo.,Ltd.
5.Statusofoutstandingbondsonthedateofapprovaloftheannualreport√Applicable□NotApplicable
(1) Basicinformationofbonds

Nameof Bond	Bond Abbreviation	BondCode	Issuancedate	Maturitydate	Carryingvalue ofthebond(in 10thousand)	Rate
Bengang Steel PlatesCo.,Ltd. Convertible Bond	Bengang Convertible Bond	127018	29Jun2020	28Jun2026	563,095.31	3.80%
Interestpaymentandrepaymentof corporate bonds during the reportingperiod	Thecompanypaidthefifthyear'sinterestatparvalueonJune30,2025,withtheinterestfor every10“Bengangconvertiblebonds”beingRMB38.00(taxincluded).

(2) Thelatestfollow-upratingsandratingchangesofcorporatebondsOnJune3,2025,ChinaChengxinInternationalCreditRatingCo.,Ltd.issuedthe"Follow-upRatingReportonthePublicIssuance
ofA-shareConvertibleCorporateBondsbyBengangPlatesCo.,Ltd."Thefollow-upratingresultsshowthatthecompany'smain
creditratingisAA+,withastableratingoutlook;thecreditratingof"BengangConvertibleBonds"isAAA.Fordetails,pleaserefer
to the "2025 Follow-up Rating Report of Bengang Plates Co., Ltd." disclosed by the company on June 3, 2025 on
www.cninfo.com.cn.
(3) Thecompany’smainaccountingdataandfinancialindicatorsforthepasttwoyearsasoftheendofthereportingperiod
Unit: 10 thousand
yuan

Item	Year2025	Year2024	Changesoverprevious period
Debt-to-assetratio	81.20%	72.72%	8.48%
Net profit after deducting non-recurring gains and losses	-402,712.96	-522,160.18	22.88%
EBITDAtotaldebtratio	-6.55%	-7.76%	1.21%
InterestCoverageratio	-9.16	-9.33	1.82%

III.MajorEvents
OnJune20,2023,thecompanydisclosedthe"MajorAssetReplacementandRelatedTransactionPlan"tocarryoutassetreplacementwithBenxiIronandSteelCompany,intendingtoacquire100%equityofBenxiIronandSteel(Group)MiningCo.,Ltd.,andintendingtodisposeofallassetsandliabilitiesofthelistedcompanyexceptforretained
assetsandliabilities.Thedifferencebetweentheassetstobeacquiredandtheassetstobedisposedofshallbemadeup
byonepartytotheotherincash.Atpresent,thecompanyisconductingfurtherdemonstrationandcommunicationandnegotiationonthetransactionplan.Aftertherelevantmattersaredetermined,thecompanywillconvenetheboardof
directorsagainfordeliberation.
OnMarch28,2025,theCompanyheldthe34thmeetingofitsNinthBoardofDirectors,whichreviewedandapprovedthe"ProposalonJointlyInvestingwithRelatedPartiestoEstablishaSubsidiary."TheCompanyanditsrelatedparty,
AnsteelGreenGoldIndustryDevelopmentCo.,Ltd.,jointlyinvestedRMB60milliontoestablishGreenGold(Benxi)RenewableResourcesCo.,Ltd.(hereinafterreferredtoasthe"JointVenture").Ofthis,theCompanyinvestedRMB30.60millionwithitsownfunds,holding51%sharesintheJointVenture,whileGreenGoldCo.investedRMB29.40millionwithitsownfunds,holding49%shares.Uponcompletionofthisjointinvestment,theJointVenturewillbeincluded inthe Company's consolidated financial statementsand become a holding subsidiary of the Company.
IndustrialandcommercialregistrationwascompletedonApril9,2025.Fordetails,pleaserefertothe"Announcement
onJointlyInvestingwithRelatedPartiestoEstablishaSubsidiaryandRelated-PartyTransactions"(AnnouncementNo.:
2025-011)andthe"AnnouncementonProgressofJointlyInvestingwithRelatedPartiestoEstablishaSubsidiaryandCompletion of Industrial and Commercial Registration" (Announcement No.: 2025-025), both disclosed by the
Companyondesignatedinformationdisclosuremedia.