Bengang steel plates reports mixed Q3 2025 results amid revenue and profit dip

Bengang Steel Plates Co., Ltd. reported revenue of 35,200,834,025.70 yuan for the period from the beginning of the year to the end of the third quarter of 2025, a decrease of 12.47% compared to the previous period's 40,214,610,054.66 yuan. Net profit attributable to shareholders of the listed company also fell by 30.60% to 2,215,788,629.71 yuan from 3,192,607,074.11 yuan in the prior period.

Despite the revenue and profit declines, the company saw a substantial increase in net cash flows from operating activities, which rose by 107.61% to -98,960,183.50 yuan, up from 1,299,996,358.43 yuan in the previous period. This was primarily attributed to a decrease in cash sales and notes discounts. Total assets increased by 2.00% to 46,730,771,076.92 yuan compared to 45,815,896,140.58 yuan at the end of the previous year.

The company's basic and diluted earnings per share decreased to -0.539 yuan, a 30.63% improvement from the previous period's -0.777 yuan. Key changes in financial positions included a 30.23% decrease in cash at bank and on hand, and a 632.53% increase in accounts receivable financing, due to changes in discount scales of bills and export sales. Proceeds from borrowings increased by 53.54% due to higher bank loans obtained.