CSG HOLDING CO., LTD.
THE FIRST QUARTER REPORT 2017
Chairman of the Board:
CHEN LIN
April 2017
CSG HOLDING CO., LTD. The First Quarter Report 2017
Section I Important Notice
Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred
to as the Company) and its directors, supervisors and senior executives hereby confirm that there
are no any fictitious statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the facticity, accuracy and
completeness of the whole contents.
All directors were present the meeting of the Board for deliberating the First Quarter Report of the
Company in person.
Ms. Chen Lin, Chairman of the Board, Mr. Pan Yonghong, responsible person in charge of the
accounting and Ms. Wang Wenxin principal of the financial department (accounting officer)
confirm that the Financial Report enclosed in the First Quarter Report 2017 is true, accurate and
complete.
This report is prepared both in Chinese and English. Should there be any inconsistency between the
Chinese and English versions, the Chinese version shall prevail.
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Section II Main accounting data and Changes in Shareholders
I. Main accounting data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
The 1st quarter of 2017 The 1st quarter of 2016 Percentage of change (%)
Operating income (RMB) 2,284,820,940 1,949,421,848 17.21%
Net profit attributable to shareholders of
170,130,942 204,835,467 -16.94%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 149,271,133 192,098,876 -22.29%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
435,937,189 319,915,324 36.27%
activities(RMB)
Basic earnings per share (RMB/Share) 0.08 0.10 -20%
Diluted earnings per share (RMB/Share) 0.08 0.10 -20%
Declined 0.42
Weighted average ROE (%) 2.15% 2.57%
percentage points
31 March 2017 31 December 2016 Percentage of change (%)
Total assets (RMB) 17,429,545,680 16,979,235,630 2.65%
Net assets attributable to shareholder of
7,980,911,446 7,812,335,004 2.16%
listed company(RMB)
Items and amounts of extraordinary profit (gains)/losses
√Applicable □ Not applicable
Unit: RMB
Amount from beginning of the year
Item Note
to the end of the report period
Gains/losses from the disposal of non-current asset (including the write-off
-20,445
that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including the
subsidy enjoyed in quota or ration according to national standards, which are 24,848,119
closely relevant to enterprise’s business)
Other non-operating income and expenditure except for the aforementioned
464,090
items
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Other gains/losses satisfied definition of extraordinary profit (gains)/loss --
Less: Impact on income tax 3,769,900
Impact on minority shareholders’ equity (post-tax) 662,055
Total 20,859,809 --
Explain reasons for the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss
according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss
□Applicable √Not applicable
It did not exist that items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss.
II. Total of shareholders at the end of the report period and particulars about the shares held
by the top ten shareholders
1. Total of shareholders at the end of the report period and particulars about the shares held by the top ten
shareholders
Unit: Share
Total of shareholders at the end of the report period 168,029
Particulars about shares held by the top ten shareholders
Amount of Number of share
Proportion
Nature of Amount of restricted pledged/frozen
Name of shareholder of shares
shareholder shares held shares Share
held (%) Amount
held status
Domestic non
Foresea Life Insurance Co., Ltd. – Haili Niannian state-owned legal 15.45% 320,595,892 0
person
Domestic non
Foresea Life Insurance Co., Ltd. – Universal
state-owned legal 3.92% 81,405,744 0
Insurance Products
person
Domestic non
Shenzhen Jushenghua Co., Ltd. state-owned legal 2.87% 59,552,120 0 Pledged 59,552,100
person
Domestic non
Foresea Life Insurance Co., Ltd. – Own Fund state-owned legal 2.15% 44,519,788 0
person
State-owned legal
Central Huijin Asset Management Ltd. 1.92% 39,811,300 0
person
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CSG HOLDING CO., LTD. The First Quarter Report 2017
State-owned legal
China North Industries Corporation 1.39% 28,800,000 0
person
China Galaxy International Securities (Hong Foreign legal
1.34% 27,892,212 0
Kong) Co., Limited person
State-owned legal
China Merchants Securities (HK) Co., Limited 1.24% 25,706,598 0
person
Domestic non
Shenzhen International Holdings (SZ) Limited state-owned legal 0.96% 20,000,000 0
person
BBH A/C VANGUARD EMERGING Foreign legal
0.64% 13,280,792 0
MARKETS STOCK INDEX FUND person
Particular about top ten shareholders with un-restrict shares held
Amount of un-restrict shares Type of shares
Shareholders’ name
held at Period-end Type Amount
RMB ordinary
Foresea Life Insurance Co., Ltd. – Haili Niannian 320,595,892 320,595,892
shares
Foresea Life Insurance Co., Ltd. – Universal Insurance RMB ordinary
81,405,744 81,405,744
Products shares
RMB ordinary
Shenzhen Jushenghua Co., Ltd. 59,552,120 59,552,120
shares
RMB ordinary
Foresea Life Insurance Co., Ltd. – Own Fund 44,519,788 44,519,788
shares
RMB ordinary
Central Huijin Asset Management Ltd. 39,811,300 39,811,300
shares
RMB ordinary
China North Industries Corporation 28,800,000 28,800,000
shares
Domestically
China Galaxy International Securities (Hong Kong) Co.,
27,892,212 listed foreign 27,892,212
Limited
shares
Domestically
China Merchants Securities (HK) Co., Limited 25,706,598 listed foreign 25,706,598
shares
RMB ordinary
Shenzhen International Holdings (SZ) Limited 20,000,000 20,000,000
shares
Domestically
BBH A/C VANGUARD EMERGING MARKETS STOCK
13,280,792 listed foreign 13,280,792
INDEX FUND
shares
Among shareholders as listed above, Foresea Life Insurance Co.,
Statement on associated relationship or consistent action
Ltd.-Haili Niannian, Foresea Life Insurance Co., Ltd.-Universal
4
CSG HOLDING CO., LTD. The First Quarter Report 2017
among the above shareholders: Insurance Products, Foresea Life Insurance Co., Ltd.-Own Fund are
all held by Foresea Life Insurance Co., Ltd. Shenzhen Jushenghua
Co., Ltd. is a related legal person of Foresea Life Insurance Co., Ltd.
and Chengtai Group Co., Ltd., another related legal person of
Foresea Life Insurance Co., Ltd, which held 27,625,299 shares via
China Galaxy International Securities (Hong Kong) Co., Limited.
Except for the above-mentioned shareholders, It is unknown whether
other shareholders belong to related party or have associated
relationship regulated by the Management Regulation of Information
Disclosure on Change of Shareholding for Listed Companies.
Explanation on shareholders involving margin business (if
Nil
applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held had a buy-back agreement
dealing in the report period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company had no buy-back
agreement dealing in the report period.
5
CSG HOLDING CO., LTD. The First Quarter Report 2017
Section III. Important events
I. Particulars and explanations about significant changes in main accounting statements and
financial indices
√Applicable □ Not applicable
Unit: RMB 0,000
Percentage
Note 31 March 2017 31 December 2016 Amount of change
of change
Monetary capital (1) 77,115 58,680 18,435 31%
Notes receivable (2) 33,200 45,635 -12,435 -27%
Accounts receivable (3) 86,564 62,799 23,765 38%
Inventories (4) 60,787 47,778 13,009 27%
Construction in progress (5) 106,508 136,210 -29,702 -22%
Other non-current assets (6) 12,679 8,717 3,962 45%
Notes payable (7) 9,000 2,000 7,000 350%
Deposit received (8) 17,158 14,233 2,925 21%
Employees’ wage payable (9) 12,762 19,337 -6,575 -34%
Interest payable (10) 9,328 7,823 1,505 19%
Other payables (11) 70,000 - 70,000 -
Percentage
Note Jan.-Mar.2017 Jan.-Mar.2016 Amount of change
of change
taxes and surcharges (12) 2,724 1,004 1,720 171%
Asset impairment loss (13) 458 322 136 42%
Investment gains (14) - 1,196 -1,196 -100%
Non-operating income (15) 2,545 1,541 1,004 65%
Non-operating expenses (16) 15 42 -27 -64%
Other comprehensive income (17) -18 -13 -5 38%
Note:
(1)The increase of monetary capital is mainly used to repay the to-be-mature debt.
(2)The decrease of notes receivable is mainly due to the increasing liquidity of notes.
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CSG HOLDING CO., LTD. The First Quarter Report 2017
(3)The increase of accounts receivable was mainly due to the increase of accounts receivable in architectural glass
industry.
(4)The increase of inventories was mainly affected by the increase of capacity in flat glass industry.
(5)The decrease of construction in process was mainly because construction in process was transferred to fixed
asset.
(6)The increase of other non-current assets was mainly due to the increase of the prepaid payment for engineering
equipment during the report period.
(7)The increase of notes payable was mainly due to the increase of new notes in current period and low balance in
previous period.
(8)The increase of deposit received was mainly due to the increase of customer payment received in advance
during the report period.
(9)The decrease of employees’ wage payable mainly because the year-end bonus for employees accrued at the end
of last year was paid in the report period.
(10)Interest payable increased mainly because payment for ultra-short-term financing bills and medium term notes
has not been paid for they were not due yet.
(11)The increase of other payables was mainly due to the payable shareholder interest-free borrowing.
(12)The increase of taxes and surcharges which was originally accounted in the management fee - tax, is now
accounted in taxes and surcharges after replacing business tax with value-added tax since May 2016.
(13)The increase of asset impairment loss was mainly caused by increase of accrued bad debt reserve.
(14)The decrease of investment gains was mainly due to the joint venture of the Company included in the
consolidation scope.
(15)The increase of non-operating income was mainly due to the increase of governmental subsidy during the
report period.
(16)Non-operating expenses decrease mainly because it slightly reduced during the report period as well as low
balance in previous period.
(17) Other comprehensive income decreased mainly because foreign currency statement conversion difference
changed during the report period.
II. The progress of material events and the impact and the analysis of solutions
√Applicable □ Not applicable
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CSG HOLDING CO., LTD. The First Quarter Report 2017
1. Public Issuance of Corporate Bonds to Qualified Investors
On Feb. 13, 2017, the interim meeting of the 7th session of the board of directors of the Company deliberated and approved the
Proposal on Public Issuance of Corporate Bonds to Qualified Investors. The Company proposed to issue corporate bonds to qualified
investors with the total face value no more than RMB 2 billion (including RMB 2 billion), and the valid period no more than 10 years
(including 10 years).This proposal was deliberated and approved by the Second Extraordinary Shareholders’ General Meeting held
on Mar. 2, 2017.
For details, please refer to the Announcement on Public Issuance of Corporate Bonds disclosed on Feb. 14, 2016 (Announcement No.:
2017-011).
2. Ultra-short-term Financing Bills
On 10 December 2014, the First Extraordinary Shareholders’ General Meeting 2014 of CSG Holding Co., Ltd deliberated and
approved the proposal of application for registration and issuance of ultra-short-term financing bills with registered capital of RMB 4
billion at most and validity within 2 years. On 21 May 2015, National Association of Financial Market Institutional Investors
(NAFMII) held the 32nd registration meeting of 2015, in which NAFMII decided to accept the registration of the Company’s
ultra-short-term financing bills, amounting to RMB 4 billion and valid for two years. China Merchants Bank Co., Ltd., Shanghai
Pudong Development Bank Co., Ltd., Industrial Bank Co., Ltd., China CITIC Bank Co., Ltd. and China Agriculture Bank Co., Ltd.
were joint lead underwriters of these ultra-short-term financing bills, which could be issued by stages within period of validity of the
registration. On 12 June 2015, the Company issued the first batch of ultra-short-term financing bills for the year of 2015 with total
amount of RMB 0.8 billion and valid term of 270 days at the issuance rate of 4.25%, which was redeemed on 11 March 2016. On 13
October 2015, the Company issued the second batch of ultra-short-term financing bills for the year of 2015 with total amount of
RMB 1.1 billion and valid term of 270 days at the issuance rate of 3.81%, which was redeemed on 11 July 2016. On 10 March 2016,
the Company issued the first batch of ultra-short-term financing bills for the year of 2016 with total amount of RMB 0.8 billion and
valid term of 270 days at the issuance rate of 3.15%, which will be redeemed on 6 December 2016. On 17 May 2016, the Company
issued the second batch of ultra-short-term financing bills for the year of 2016 with total amount of RMB 0.9 billion and valid term
of 270 days at the issuance rate of 4.18%, which will be redeemed on 10 February 2017. On 2 August 2016, the Company issued the
third batch of ultra-short-term financing bills for the year of 2016 with total amount of RMB 0.6 billion and valid term of 270 days at
the issuance rate of 3.67%, which will be redeemed on 1 May 2017. On 1 September 2016, the Company issued the fourth batch of
ultra-short-term financing bills for the year of 2016 with total amount of RMB 0.5 billion and valid term of 270 days at the issuance
rate of 3.5%, which will be redeemed on 2 June 2017.
For details, please refer to www.chinabond.com.cn and www.chinamoney.com.cn.
3. Interest-free borrowing from shareholder
On Nov. 22, 2016, the Company received the letter from the shareholder Shenzhen Jushenghua Co., Ltd. In order to support the
stable operation development of the Company, as the shareholder of the Company, Jushenghua was willing to provide the Company
or provide through the specified related party with interest-free borrowing of RMB 2 billion. For details, please refer to the
Announcement on Voluntary Information Disclosure of the Company on Obtaining Interest-free Borrowing from Shareholder
(announcement No.: 2016-064). Up to Mar. 31, 2017, the balance of the borrowing of the Company from Jushenghua was RMB 0.7
billion.
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CSG HOLDING CO., LTD. The First Quarter Report 2017
III. Failure in due fulfillment of commitments of the actual controllers, shareholders, affiliates,
and acquirers of listed company as well as the listed company during the report period
□Applicable √Not applicable
It did not exist that commitments of the actual controllers, shareholders, affiliates, and acquirers of listed company as well as the
listed company failed to be fulfilled on time during the report period.
IV. Predict of the business performance from January to June 2017
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √ Not applicable
V. Securities Investment
□ Applicable √ Not applicable
There was no securities investment in the report period.
VI. Derivative investment
□ Applicable √ Not applicable
There was no derivative investment in the report period.
VII. Registration form for receiving research, communication and interview in the report
period
□ Applicable √ Not applicable
VIII. Particulars about illegal external guarantee
□ Applicable √Not applicable
IX. Particulars about non-operating fund of listed company which is occupied by controlling
shareholder and its affiliated enterprises
□ Applicable √ Not applicable
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Section IV Financial Report
I. Financial Statements
I. Financial Statements
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Ending balance Beginning balance
Current asset:
Monetary capital 771,149,851 586,803,505
Notes receivable 331,999,148 456,347,237
Account receivable 865,641,420 627,985,983
Prepayment 80,628,071 95,733,132
Other receivables 34,174,269 33,229,149
Inventories 607,867,558 477,780,925
Other current asset 226,509,775 199,905,577
Total of current asset 2,917,970,092 2,477,785,508
Non-current assets
Fixed assets 11,730,078,145 11,457,972,991
Construction in process 1,065,080,811 1,362,096,377
Intangible assets 1,028,729,025 1,032,458,977
R&D expense 67,911,511 66,927,714
Goodwill 397,392,156 397,392,156
Long-term amortizable expenses 918,809 975,660
Differed income tax asset 94,677,648 96,451,854
Other non-current asset 126,787,483 87,174,393
Total of non-current assets 14,511,575,588 14,501,450,122
Total of assets 17,429,545,680 16,979,235,630
Current liabilities
Short-term loans 3,360,885,270 4,017,869,662
Notes payable 90,000,000 20,000,000
Account payable 1,233,276,171 1,169,869,370
Prepayment received 171,576,524 142,330,979
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Employees’ wage payable 127,622,030 193,372,239
Tax payable 116,449,233 115,592,616
Interest payable 93,282,930 78,225,904
Other account payable 184,897,959 188,321,450
Non-current liability due in 1 year 1,015,560,000 1,029,340,000
Other current liability 300,000 300,000
Total of current liability 6,393,850,117 6,955,222,220
Non-current liabilities
Long-term borrowings 1,578,660,000 1,438,660,000
Long term payables 700,000,000 -
Deferred income 420,579,770 422,993,254
Differed income tax liability 29,087,205 29,749,137
Total of non-current liabilities 2,728,326,975 1,891,402,391
Total of liability 9,122,177,092 8,846,624,611
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 2,075,335,560 2,075,335,560
Capital reserves 1,260,812,565 1,260,702,197
Other comprehensive income 4,475,241 4,653,971
Special reserves 4,357,335 5,843,473
Surplus reserves 888,850,230 888,850,230
Retained profit 3,747,080,515 3,576,949,573
Total of owner’s equity belong to the parent company 7,980,911,446 7,812,335,004
Minor shareholders’ equity 326,457,142 320,276,015
Total of owners’ equity (or shareholders’ equity) 8,307,368,588 8,132,611,019
Total of liability and shareholders’ equity (or owners’
17,429,545,680 16,979,235,630
equity)
Legal Representative：Chen Lin Responsible person in charge of the accounting：Pan Yonghong Manager of the financial
department：Wang Wenxin
2. Balance Sheet of the Parent Company
Unit: RMB
Items Ending balance Beginning balance
Current asset:
Monetary capital 411,011,438 302,841,481
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Prepayment 16,880
Interest receivable
Other account receivable 3,797,656,032 3,863,121,029
Total of current asset 4,208,667,470 4,165,979,390
Non-current assets
Long-term receivable 2,003,645,000 2,003,645,000
Long-term share equity investment 4,790,440,632 4,790,440,632
Fixed asset 24,821,152 26,073,848
Intangible assets 1,280,559 1,393,454
Total of non-current assets 6,820,187,343 6,821,552,934
Total of assets 11,028,854,813 10,987,532,324
Current liabilities
Short-term loans 2,600,000,000 3,495,163,044
Account payable 317,874 317,874
Employees’ wage payable 20,241,271 18,380,010
Tax payable 527,508 1,804,568
Interest payable 6,338,186 3,794,646
Other account payable 488,577,914 240,593,894
Non-current liability due in 1 year 1,000,000,000 1,000,000,000
Total of current liability 4,116,002,753 4,760,054,036
Non-current liabilities
Long-term borrowings 1,380,000,000 1,380,000,000
Long-term payables 700,000,000 -
Deferred income 16,657,850 12,035,040
Total of non-current liabilities 2,096,657,850 1,392,035,040
Total of liability 6,212,660,603 6,152,089,076
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 2,075,335,560 2,075,335,560
Capital reserves 1,405,529,511 1,405,529,511
Surplus reserves 903,395,590 903,395,590
Retained profit 431,933,549 451,182,587
Total of owners’ equity (or shareholders’ equity) 4,816,194,210 4,835,443,248
Total of liability and shareholders’ equity (or owners’
11,028,854,813 10,987,532,324
equity)
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CSG HOLDING CO., LTD. The First Quarter Report 2017
3. Consolidated Income Statement
Unit: RMB
Items Balance of this period Balance of last period
I. Total revenue 2,284,820,940 1,949,421,848
Incl. Business income 2,284,820,940 1,949,421,848
II. Total business cost 2,101,721,182 1,743,978,936
Incl. Business cost 1,743,968,864 1,436,818,441
Taxes and surcharges 27,235,740 10,040,837
Sales expense 70,248,936 59,556,544
Administrative expense 188,384,691 169,343,405
Financial expenses 67,305,652 64,997,957
Asset impairment loss 4,577,299 3,221,752
Investment gains (“-“ for loss) 11,958,319
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 183,099,758 217,401,231
Plus: non-operational income 25,446,074 15,411,111
Including: Gains on disposal of non-current assets
Less: non-operational expenditure 154,309 416,555
Incl. Loss from disposal of non-current assets 54,228 9,223
IV. Gross profit (“-“ for loss) 208,391,523 232,395,787
Less: Income tax expenses 32,150,613 27,560,320
V. Net profit (“-“ for net loss) 176,240,910 204,835,467
Net profit attributable to the owners of parent
170,130,942 204,835,467
company
Minor shareholders’ equity 6,109,968
VI. After-tax net amount of other comprehensive
-178,730 -128,847
incomes
After-tax net amount of other comprehensive incomes
-178,730 -128,847
attributable to owners of the Company
(I) Other comprehensive incomes that will be
-178,730 -128,847
reclassified into gains and losses
1. Foreign-currency financial statement translation
-178,730 -128,847
difference
VII. Total comprehensive incomes 176,062,180 204,706,620
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Attributable to owners of the Company 169,952,212 204,706,620
Attributable to minority shareholders 6,109,968
VIII. Earnings per share
(I) Basic earnings per share 0.08 0.10
(II) Diluted earnings per share 0.08 0.10
Legal Representative：Chen Lin Responsible person in charge of the accounting：Pan Yonghong Manager of the financial
department：Wang Wenxin
4. Income Statement of the Parent Company
Unit: RMB
Items 本期发生额 上期发生额
I. Turnover 12,712,938 1,077,394
Less: Operation cost 0 60,334
Taxes and surcharges 66,196
Sales expense
Administrative expense 29,590,097 25,162,566
Financial expenses 2,681,455 4,988,307
Asset impairment loss 6,418 581
Investment gains (“-“ for loss) 252,072,724
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) -19,631,228 222,938,330
Plus: Non business income 382,190 388,990
Including: Gains on disposal of non-current assets
Less: Non-business expenses
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -19,249,038 223,327,320
Less: Income tax expenses
IV.Net profit (“-“ for net loss) -19,249,038 223,327,320
V. After-tax net amount of other comprehensive
incomes
(I) Other comprehensive incomes that will be
reclassified into gains and losses
1. Enjoyable shares in other comprehensive incomes
in investees that will be reclassified into gains and
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CSG HOLDING CO., LTD. The First Quarter Report 2017
losses under the equity method
2.Gains and losses from changes in fair value
available for sale financial assets
3.Held-to-maturity investments reclassified to gains
and losses of available for sale financial assets
4. Effective hedging gains and losses on cash flows
5. Foreign-currency financial statement translation
difference
6. Other
VI. Total comprehensive incomes -19,249,038 223,327,320
VII. Earnings per share
(I) Basic earnings per share
(II) Diluted earnings per share
5. Consolidated Cash Flow Statement
Unit: RMB
Items Balance of this period Balance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of
2,374,403,974 2,229,364,142
services
Tax returned 2,699,605 28,911,814
Other cash received from business operation 62,798,493 22,694,131
Sub-total of cash inflow from business activities 2,439,902,072 2,280,970,087
Cash paid for purchasing of merchandise and services 1,378,088,648 1,388,087,175
Cash paid to staffs or paid for staffs 342,138,239 297,229,533
Taxes paid 153,306,069 153,311,525
Other cash paid for business activities 130,431,927 122,426,530
Sub-total of cash outflow from business activities 2,003,964,883 1,961,054,763
Cash flow generated by business operation, net 435,937,189 319,915,324
II. Cash flow generated by investing
Net cash retrieved from disposal of fixed assets,
24,000 349,679
intangible assets, and other long-term assets
Other investment-related cash received 11,233,893 7,932,500
Sub-total of cash inflow due to investment activities 11,257,893 8,282,179
Cash paid for construction of fixed assets, intangible 352,700,579 261,541,527
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CSG HOLDING CO., LTD. The First Quarter Report 2017
assets and other long-term assets
Cash paid as investment 4,250,000
Other cash paid for investment activities 22,216,688 26,209,845
Sub-total of cash outflow due to investment activities 374,917,267 292,001,372
Net cash flow generated by investment -363,659,374 -283,719,193
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 1,001,419,750 1,510,000,000
Other financing-related cash received 705,538,631 4,673,351
Subtotal of cash inflow from financing activities 1,706,958,381 1,514,673,351
Cash to repay debts 1,532,500,773 1,792,807,487
Cash paid as dividend, profit, or interests 59,613,453 35,300,685
Incl. Dividend and profit paid by subsidiaries to
minor shareholders
Other cash paid for financing activities 2,438,868 52,390,268
Subtotal of cash outflow due to financing activities 1,594,553,094 1,880,498,440
Net cash flow generated by financing 112,405,287 -365,825,089
IV. Influence of exchange rate alternation on cash and
-200,416 -617,441
cash equivalents
V. Net increase of cash and cash equivalents 184,482,686 -330,246,399
Plus: Balance of cash and cash equivalents at the
584,566,990 574,744,877
beginning of term
VI. Balance of cash and cash equivalents at the end of
769,049,676 244,498,478
term
6. Cash Flow Statement of the Parent Company
Unit: RMB
Items Balance of this period Balance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of
services
Tax returned
Other cash received from business operation 7,356,851 1,780,456
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CSG HOLDING CO., LTD. The First Quarter Report 2017
Sub-total of cash inflow from business activities 7,356,851 1,780,456
Cash paid for purchasing of merchandise and services
Cash paid to staffs or paid for staffs 21,682,567 41,544,408
Taxes paid 549,105 28,561,794
Other cash paid for business activities 5,134,287 2,185,694
Sub-total of cash outflow from business activities 27,365,959 72,291,896
Cash flow generated by business operation, net -20,009,108 -70,511,440
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 216,000,000
Net cash retrieved from disposal of fixed assets,
1,800
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 0 216,001,800
Cash paid for construction of fixed assets, intangible
84,773 2,779
assets and other long-term assets
Cash paid as investment
Net cash received from subsidiaries and other
operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 84,773 2,779
Net cash flow generated by investment -84,773 215,999,021
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 500,693,638 1,510,000,000
Cash received from bond placing
Other financing-related cash received 1,025,642,490
Subtotal of cash inflow from financing activities 1,526,336,128 1,510,000,000
Cash to repay debts 1,396,723,365 1,608,000,000
Cash paid as dividend, profit, or interests 2,213,425 20,353,809
Other cash paid for financing activities 300,158,056
Subtotal of cash outflow due to financing activities 1,398,936,790 1,928,511,865
Net cash flow generated by financing 127,399,338 -418,511,865
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CSG HOLDING CO., LTD. The First Quarter Report 2017
IV. Influence of exchange rate alternation on cash and
863,120 -34,496
cash equivalents
V. Net increase of cash and cash equivalents 108,168,577 -273,058,780
Plus: Balance of cash and cash equivalents at the
301,637,933 394,606,753
beginning of term
VI. Balance of cash and cash equivalents at the end of
409,806,510 121,547,973
term
II. Report of the Auditors
Whether the First Quarter Report has been audited or not
□ Yes √ No
The First Quarter Report hasn’t been audited.
Board of Directors of
CSG Holding Co., Ltd.
28 April 2017
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