CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2021
Chairman of the Board:
CHEN LIN
October 2021
CSG HOLDING CO., LTD. The Third Quarter Report 2021
Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2021-047
Bond code: 149079 Short form of the bond：20 CSG 01
THE THIRD QUARTER REPORT 2021
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate
and complete, and there are no any fictitious statements, misleading statements, or important omissions carried in
this report.
Important Content Notice
1. 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.
2. Principal of the Company, responsible person in charge of accounting and principal of the financial department
(accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2021 of the
Company is true, accurate and complete.
3. Whether the third quarter report has been audited or not
□Yes √No
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.
I. Main financial data
(I) Main accounting data and financial indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √No
Increase/decrease
Increase/decrease
in comparison From 1 January to
in comparison
The report period with the same 30 September
with the same
period of the 2021
period of 2020
previous year
Operating income (RMB) 3,632,036,581 19.32% 10,246,839,119 37.20%
Net profit attributable to shareholders of the
157,313,336 -53.09% 1,509,830,801 107.73%
listed company (RMB)
Net profit attributable to shareholders of the
listed company after deducting 135,934,112 -56.68% 1,465,748,640 117.99%
non-recurring gains and losses (RMB)
1
CSG HOLDING CO., LTD. The Third Quarter Report 2021
Net cash flow arising from operating
—— —— 2,635,490,553 57.52%
activities (RMB)
Basic earnings per share (RMB/Share) 0.05 -54.55% 0.49 104.17%
Diluted earnings per share (RMB/Share) 0.05 -54.55% 0.49 104.17%
Weighted average ROE 1.39% -1.99% 13.96% 6.57%
The end of the The end of the Increase/decrease in comparison with
report period previous year the end of the previous year
Total assets (RMB ) 19,427,394,585 17,882,914,898 8.64%
Net assets attributable to shareholders of
11,414,758,913 10,212,989,847 11.77%
the Company (RMB )
(II) Items and amounts of non-recurring profit and loss
√Applicable □Not applicable
Unit: RMB
Amount from the
beginning of year
Item The report period Note
to the end of the
report period
Gains/losses from the disposal of non-current asset (including the
-1,909,809 -1,772,171
write-off 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 22,378,464 57,162,536
standards, which are closely relevant to enterprise’s business)
In addition to the effective hedging business related to the normal
business of the company, the profit and loss from changes in fair value
arising from the holding of trading financial assets, trading financial
5,155,457 8,827,787
liabilities, and the investment income from the disposal of trading
financial assets, trading financial liabilities and available for sale
financial assets
Other non-operating income and expenditure except for the
-803,413 -9,713,600
aforementioned items
Less: Impact on income tax 2,975,335 8,360,220
Impact on minority shareholders’ equity (post-tax) 466,140 2,062,171
Total 21,379,224 44,082,161 --
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
□Applicable √Not applicable
The Company had no other specific circumstances of profit and loss items that meet the definition of non-recurring profit and loss.
Explanation on those non-recurring profit (gains)/loss listed in the “Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Non-recurring Profit and Loss” defined as recurring profit and loss
2
CSG HOLDING CO., LTD. The Third Quarter Report 2021
□Applicable √Not applicable
It did not exist that items defined as recurring profit and loss according to the lists of non-recurring profit and loss in the “Q&A
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Non-recurring Profit and
Loss” in the report period.
(III) Particulars and explanations about significant changes in main accounting data and financial indices
√Applicable □Not applicable
Unit: RMB'0,000
Increased/Decreased
Item of balance sheet Note 30 September 2021 31 December 2020 Rate
amount
Notes receivable (1) 11,736 20,797 -9,061 -44%
Accounts receivable (2) 107,800 68,147 39,653 58%
Trading financial assets (3) 100,000 - 100,000 -
Advance payments (4) 16,029 8,593 7,436 87%
Inventory (5) 116,511 81,516 34,995 43%
Right-of-use assets (6) 906 - 906 -
Development expenditure (7) 8,504 4,915 3,589 73%
Long-term deferred expenses (8) 292 1,038 -746 -72%
Deferred income tax assets (9) 26,810 19,498 7,312 38%
Other non-current assets (10) 62,781 19,336 43,445 225%
Short-term borrowings (11) 23,029 35,290 -12,261 -35%
Notes payable (12) 23,594 14,485 9,109 63%
Long-term payables (13) 20,246 - 20,246 -
From January to From January to Increased/Decreased
Item of income statement Note Rate
September 2021 September 2020 amount
Operating income (14) 1,024,684 746,828 277,856 37%
R&D expenses (15) 37,069 26,542 10,527 40%
Financial expenses (16) 11,927 18,432 -6,505 -35%
Credit impairment losses (17) 772 551 221 40%
Asset impairment losses (18) 69,845 10,201 59,644 585%
Investment income (19) 883 - 883 -
Asset disposal income (20) -177 -119 -58 49%
Non-operating income (21) 1,079 635 444 70%
Income tax expenses (22) 33,703 19,438 14,265 73%
Net amount of other
(23) 142 -200 342 -
comprehensive income after tax
Note:
(1) The decrease in notes receivable was mainly due to the decrease in notes of some companies.
(2) The increase in accounts receivable was mainly due to the increase in revenue of architectural glass companies.
(3) The increase in trading financial assets was mainly due to the purchase of structured deposits.
3
CSG HOLDING CO., LTD. The Third Quarter Report 2021
(4) The increase in advance payments was mainly due to the increase in advance payment for materials of some companies.
(5) The increase in inventory was mainly due to the increase in raw material stocking and finished product inventory.
(6) The increase in right-of-use assets was mainly due to adjustments in accordance with the new lease standards.
(7) The increase in development expenditure was mainly due to the increase in R&D investment.
(8) The decrease in long-term deferred expenses was mainly due to the adjustment in accordance with the new lease standard.
(9) The increase in deferred income tax assets was mainly due to the provision of asset impairment losses.
(10) The increase in other non-current assets was mainly due to prepayments for construction equipment of some companies'
construction projects.
(11) The decrease in short-term borrowings was mainly due to the repayment of part of the borrowings.
(12) The increase in notes payable was mainly due to the increase in newly issued notes in the current period.
(13) The increase in long-term payables was mainly due to the financial leasing business carried out by some companies.
(14) The increase in operating income was mainly due to the increase in glass prices and the increase in electronic glass production
capacity.
(15) The increase in R&D expenses was mainly due to the increase in R&D investment.
(16) The decrease in financial expenses was mainly due to the decrease in interest expenses.
(17) The increase in credit impairment losses was mainly due to the increase in accounts receivable of some companies.
(18) The increase in asset impairment losses was mainly due to the provision of asset impairment losses.
(19) The increase in investment income was mainly due to the increase in income from the purchase of structured deposits.
(20) Changes in asset disposal income were mainly due to the disposal of non-current assets.
(21) The increase in non-operating income was mainly due to claim income and unpaid payments.
(22) The increase in income tax expenses was mainly due to the increase in total profits.
(23) The increase in net amount of other comprehensive income after tax was mainly due to changes in the translation differences in
foreign currency statements.
II. Shareholder information
(I) Particulars about the total number of common shareholders and preference shareholders with voting
rights recovered as well as the shareholdings of the top ten shareholders
Unit: Share
Total number of common shareholders Total number of preference shareholders with voting
171,273 0
at the end of the report period rights recovered at end of report period (if applicable)
Particulars about the shareholdings of the top ten shareholders
Amount Number of share pledged,
Proportion of marked or frozen
Nature of Amount of
Name of shareholder of shares restricted
shareholder shares held Share
held (%) shares Amount
status
held
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned 15.19% 466,386,874
– HailiNiannian
legal person
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned 3.86% 118,425,007
– Universal Insurance Products
legal person
Domestic non Frozen
Zhongshan Runtian Investment
state-owned 2.82% 86,633,447 and 86,633,447 Note
Co., Ltd.
legal person marked
Hong Kong Securities Clearing Foreign legal
2.20% 67,481,241
Company Limited person
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned 2.11% 64,765,161
– Own Fund
legal person
China Merchants Securities (HK) State-owned
1.35% 41,604,598
Co., Limited legal person
China Galaxy International
Foreign legal
Securities (Hong Kong) Co., 1.34% 41,219,778
person
Limited
Bank of China Limited - China
Merchants Ruiwen Hybrid Other 0.96% 29,561,168
Securities Investment fund
MORGAN STANLEY & CO. Foreign legal
0.85% 26,002,636
INTERNATIONAL PLC person
VANGUARD EMERGING
Foreign legal
MARKETS STOCK INDEX 0.69% 21,266,997
person
FUND
Particulars about top ten shareholders with unrestricted shares held
Amount of Type of shares
Name of shareholder unrestricted
Type Amount
shares held
Foresea Life Insurance Co., Ltd. – HailiNiannian 466,386,874 RMB ordinary shares 466,386,874
Foresea Life Insurance Co., Ltd. – Universal Insurance
118,425,007 RMB ordinary shares 118,425,007
Products
Zhongshan Runtian Investment Co., Ltd. 86,633,447 RMB ordinary shares 86,633,447
Hong Kong Securities Clearing Company Limited 67,481,241 RMB ordinary shares 67,481,241
Foresea Life Insurance Co., Ltd. – Own Fund 64,765,161 RMB ordinary shares 64,765,161
Domestically listed
China Merchants Securities (HK) Co., Limited 41,604,598 41,604,598
foreign shares
China Galaxy International Securities (Hong Kong) Co., Domestically listed
41,219,778 41,219,778
Limited foreign shares
Bank of China Limited - China Merchants Ruiwen Hybrid 29,561,168 RMB ordinary shares 29,561,168
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Securities Investment fund
Domestically listed
MORGAN STANLEY & CO. INTERNATIONAL PLC 26,002,636 26,002,636
foreign shares
VANGUARD EMERGING MARKETS STOCK INDEX Domestically listed
21,266,997 21,266,997
FUND foreign shares
Among shareholders as listed above, Foresea Life Insurance Co.,
Ltd.-HailiNiannian, Foresea Life Insurance Co., Ltd.-Universal
Insurance Products, Foresea Life Insurance Co., Ltd.-Own Fund
are all held by Foresea Life Insurance Co., Ltd.. Zhongshan
Runtian Investment Co., Ltd. is a related legal person of Foresea
Life Insurance Co., Ltd. and Chengtai Group Co., Ltd., another
Statement on associated relationship or consistent action related legal person of Foresea Life Insurance Co., Ltd, which
among the above shareholders: held 40,187,904 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.
Description of the top 10 shareholders participating in
N/A
margin trading (if applicable)
Note: On September 22, 2021, 3,447 shares of the Company held by Zhongshan Runtian Investment Co., Ltd. were judicially frozen,
and 86,630,000 shares of the Company held by it were judicially marked.
(II) Total number of preference shareholders and particulars about the shareholdings of the top ten
preference shareholders
□Applicable √Not applicable
III. Other important matters
√Applicable □ Not applicable
1. Ultra-short-term financing bills
On June 15, 2020, the Company the third extraordinary general meeting of shareholders 2020 deliberated and approved the proposal
on application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the
Company should register and issue ultra-short-term financing bills with a registered amount not exceeding 1.5 billion yuan (the limit
is not subject to the limit of 40% of net assets).With the period of validity of the quota not longer than two years, such
ultra-short-term financing bills will be issued by installments in accordance with the actual capital needs of the Company and the
situation of inter-bank market funds. On September 4, 2020, the NAFMII held its 102nd registration meeting in 2020 and decided to
accept the registration of ultra-short-term financing bills with a total of 1.5 billion yuan and a validity period of two years.
2. Medium-term notes
On April 15, 2016, the Shareholders’ General Meeting of 2015 of CSG deliberated and approved the proposal of application for
6
CSG HOLDING CO., LTD. The Third Quarter Report 2021
registration and issuance of medium-term notes with total amount of RMB 0.8 billion, which could be issued by stages within period
of validity of the registration according to the Company’s actual demands for funds and the status of inter-bank funds. On 2 March
2018, National Association of Financial Market Institutional Investors (NAFMII) held the 14th registration meeting of 2018, in
which NAFMII decided to accept the registration of the Company’s medium-term notes, amounting to RMB 0.8 billion and valid for
two years. Shanghai Pudong Development Bank Co., Ltd. and China CITIC Bank Corporation Limited were joint lead underwriters
of these medium-term notes which could be issued by stages within period of validity of the registration. On May 4, 2018, the
company issued the first medium-term notes with a total amount of 800 million yuan and a term of three years. The issue rate was
7%, and the redemption date was May 4, 2021.
On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal on
application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the Company
should register and issue medium-term notes with a registered amount not exceeding 1.5 billion yuan. With the period of validity of
the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordance with the actual
capital needs of the Company and the situation of inter-bank market funds. On September 4, 2020, the NAFMII held the 102nd
registration meeting in 2020 and decided to accept the company's registration of medium-term notes with a total of 1.5 billion yuan
and a validity period of two years.
3. Public issuance of corporate bonds
On March 2, 2017, the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on the
Public Issuance of Corporate Bonds for Qualified Investors”. On February 27, 2019, the First Extraordinary General Meeting of
Shareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering of
Corporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and a term
of no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. to Issue
Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). On March 24,
2020 and March 25, 2020, the Company issued the first batch of corporate bonds with total amount of RMB 2 billion and valid term
of 3 years at the issuance rate of 6%, which will be redeemed on March 25, 2023.
On March 12, 2020, the First Extraordinary General Meeting of Shareholders in 2020 reviewed and approved “the Proposal on the
Public Issuance of Corporate Bonds for Qualified Investors”, agreed to issue corporate bonds with a total issue of no more than RMB
1.8 billion and a term of no more than 10 years. On April 22, 2020, the Company received the “Approval of Approving CSG Holding
Co., Ltd. to Issue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK[2020] No.
784).
4. Non-public issuance of A shares
The interim meeting of the 8th board of directors of the Company held on March 5, 2020 deliberated and approved the related
proposals of non-public issuance of A shares, and agreed the Company to issue A shares privately. The proposals were de liberated
and approved by the 2nd Extraordinary General Meeting of Shareholders of 2020 which held on April 16, 2020. In May 2020, the
Company received the first feedback notice on the examination of administrative licensing projects of China Securities Re gulatory
Commission (No. 200819) issued by the China Securities Regulatory Commission, and published “Announcement on Reply to the
Feedback of Application Documents For Non-public Offering of A shares” and “Announcement on the Revised Reply to the
Feedback of Application Documents For Non-public Offering of A shares” on June 8, 2020 and June 29, 2020 respectively. On June
5, 2020, the Company held an interim meeting of the 9th board of directors, deliberated and approved the relevant proposals on
adjusting the Company's non-public issuance of A shares. On July 6, 2020, the Issuance Audit Committee of China Securities
Regulatory Commission reviewed the Company's application for non-public issuance of A shares. According to the audit results, the
Company's application for non-public issuance of A shares was approved. On July 22, 2020, the Company received the “Reply on the
Approval of Non-public Issuance of Shares of CSG” (ZJXK [2020] No. 1491) issued by China Securities Regulatory Commission.
After obtaining the approval, the Company actively worked with intermediaries to promote various work concerning the non-public
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
issuance of A shares. However, in view of changes in many factors such as the capital market environment, in dustrial development,
the Company’s market value performance and the timing of equity financing, the Company did not implement this non-public
issuance of A shares within the validity period of the approval document. The approval for the non-public issuance of A shares
expired automatically. For details, please refer to the “Announcement on the Expiration of the Approval for the Non-public Issuance
of A Shares” (Announcement No.: 2021-034) disclosed by the Company on July 15, 2021.
For details, please refer to Juchao website (www.cninfo.com.cn).
IV. Quarterly financial statement
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Item 30 September 2021 31 December 2020
Current asset:
Monetary capital 1,871,402,444 2,125,788,903
Notes receivable 117,363,021 207,966,892
Accounts receivable 1,078,003,576 681,467,133
Receivables financing 344,259,699 382,527,782
Trading financial assets 1,000,000,000
Prepayments 160,293,540 85,928,641
Other receivables 232,093,751 200,969,854
Including: interest receivable 548,689
Accounts receivable 1,165,109,257 815,156,318
Other current assets 120,908,913 140,031,544
Total current assets 6,089,434,201 4,639,837,067
Non-current assets:
Investment real estate 383,084,500 383,084,500
Fixed assets 8,439,734,838 9,145,644,569
Construction in progress 2,123,573,540 1,893,380,611
Right-of-use assets 9,062,969
Intangible assets 1,165,254,268 1,139,718,255
Development expenditure 85,037,981 49,153,407
Goodwill 233,375,693 233,375,693
Long-term prepaid expenses 2,923,547 10,381,937
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Deferred tax assets 268,099,276 194,979,414
Other non-current assets 627,813,772 193,359,445
Total non-current assets 13,337,960,384 13,243,077,831
Total assets 19,427,394,585 17,882,914,898
Current liabilities:
Short-term loan 230,285,400 352,895,571
Notes payable 235,943,376 144,851,192
Accounts payable 1,359,921,873 1,237,833,051
Contractual liabilities 316,240,169 296,776,624
Payroll payable 319,285,365 342,352,166
Taxes payable 233,426,746 194,921,071
Other payables 268,422,045 287,332,992
Including: interest payable 65,413,335 132,133,902
Non-current liabilities due within one year 815,934,639 927,531,709
Other current liabilities 36,668,284 34,586,292
Total current liabilities 3,816,127,897 3,819,080,668
Non-current liabilities:
Long term borrowing 884,662,776 853,253,983
Bonds payable 1,995,930,764 1,994,020,348
Long-term payables 202,460,278
Deferred income 576,362,198 498,056,081
Deferred income tax liabilities 104,696,207 102,619,932
Total non-current liabilities 3,764,112,223 3,447,950,344
Total Liabilities 7,580,240,120 7,267,031,012
Owners' equity:
Share capital 3,070,692,107 3,070,692,107
Capital reserve 596,997,085 596,997,085
Other comprehensive income 163,231,872 161,816,819
Special reserves 7,861,425 10,269,002
Surplus reserve 1,036,948,422 1,036,948,422
Undistributed profit 6,539,028,002 5,336,266,412
Total owner's equity attributable to the parent company 11,414,758,913 10,212,989,847
Minority shareholders' equity 432,395,552 402,894,039
Total owner's equity 11,847,154,465 10,615,883,886
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Total Liabilities and Owner's Equity 19,427,394,585 17,882,914,898
Legal Representative :Chen Lin Principal in charge of accounting:Wang Jian Principal of the financial department:Wang Wenxin
2. Consolidated income statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Total operating income 10,246,839,119 7,468,278,057
Including: operating income 10,246,839,119 7,468,278,057
II. Total operating costs 7,722,584,968 6,476,096,799
Including: Operating costs 6,400,847,816 5,201,703,098
Taxes and surcharges 111,599,883 86,665,765
sales expense 190,489,551 264,434,345
Management costs 529,685,405 473,556,859
R&D expenses 370,688,508 265,421,722
Financial expenses 119,273,805 184,315,010
Including: interest expense 143,830,594 217,928,435
Interest income 29,711,739 36,919,131
Plus: other income 58,931,951 72,359,096
Investment income (“-” for loss) 8,827,787
Credit impairment loss (“-” for loss) -7,717,483 -5,508,104
Asset impairment loss (“-” for loss) -698,445,226 -102,013,755
Asset disposal income (“-” for loss) -1,772,171 -1,188,304
III. Operating profit (“-” for loss) 1,884,079,009 955,830,191
Plus: non-operating income 10,787,406 6,346,088
Less: non-operating expenses 20,501,006 18,755,012
IV. Gross profit (“-” for loss) 1,874,365,409 943,421,267
Less: Income tax expenses 337,033,095 194,384,275
V. Net profit (“-” for net loss) 1,537,332,314 749,036,992
(I) Classification by business continuity
1. Net profit from continuing operations (“-” for net loss) 1,537,332,314 749,036,992
2. Net profit from discontinued operations ( “-” for net loss)
(II) )Classification by ownership
1. Net profit attributable to the owners of parent
1,509,830,801 726,820,239
company
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
2. Minor shareholders’ equity 27,501,513 22,216,753
VI. Net amount of other gains after tax 1,415,053 -2,003,696
Net amount of other gains after tax attributable to owners
1,415,053 -2,003,696
of parent company
(I)Other comprehensive income that will be reclassified
1,415,053 -2,003,696
into profit or loss
1. Foreign currency financial statement translation
1,415,053 -2,003,696
difference
VII. Total of misc. incomes 1,538,747,367 747,033,296
Total of misc. incomes attributable to the owners of
1,511,245,854 724,816,543
the parent company
Total misc gains attributable to the minor shareholders 27,501,513 22,216,753
VIII. Earnings per share:
(I) Basic earnings per share 0.49 0.24
(II) Diluted earnings per share 0.49 0.24
Legal Representative :Chen Lin Principal in charge of accounting:Wang Jian Principal of the financial department:Wang Wenxin
3. Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of
11,135,251,168 7,925,278,113
services
Tax returned 44,144,512 39,215,039
Other cash received from business operation 221,571,516 127,134,715
Sub-total of cash inflow from business activities 11,400,967,196 8,091,627,867
Cash paid for purchasing of merchandise and services 6,134,735,322 4,434,760,362
Cash paid to staffs or paid for staffs 1,268,412,819 1,032,873,072
Taxes paid 971,119,640 507,631,010
Other cash paid for business activities 391,208,862 443,241,064
Sub-total of cash outflow from business activities 8,765,476,643 6,418,505,508
Net cash flow generated by business operation 2,635,490,553 1,673,122,359
II. Cash flow generated by investing
Cash received from investment recovery 2,524,000,000
Cash received from investment income 8,279,098
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Net cash retrieved from disposal of fixed assets, intangible
2,854,205 1,079,253
assets, and other long-term assets
Other investment-related cash received 51,141,888 378,880,449
Sub-total of cash inflow due to investment activities 2,586,275,191 379,959,702
Cash paid for construction of fixed assets, intangible assets
1,273,366,856 759,625,919
and other long-term assets
Cash paid for investment 3,624,000,000
Other cash paid for investment activities 57,353,540 61,491,512
Sub-total of cash outflow due to investment activities 4,954,720,396 821,117,431
Net cash flow generated by investment -2,368,445,205 -441,157,729
III. Cash flow generated by financing
Absorb cash received from investment 2,000,000
Including: cash received by the subsidiary from absorbing
2,000,000
minority shareholders' investment
Cash received as loans 1,002,602,692 2,135,739,841
Cash received from bond issuance 1,991,680,000
Other financing-related cash received 206,137,185 3,819,801
Subtotal of cash inflow from financing activities 1,210,739,877 4,131,239,642
Cash to repay debts 1,204,775,831 4,483,618,135
Cash paid as dividend, profit, or interests 524,060,118 419,266,696
Other cash paid for financing activities 2,262,281 503,297,544
Subtotal of cash outflow due to financing activities 1,731,098,230 5,406,182,375
Net cash flow generated by financing -520,358,353 -1,274,942,733
IV. Influence of exchange rate alternation on cash and cash
-1,073,454 -1,289,658
equivalents
V. Net increase of cash and cash equivalents -254,386,459 -44,267,761
Plus: Balance of cash and cash equivalents at the beginning
2,124,028,196 1,831,835,030
of term
VI. Balance of cash and cash equivalents at the end of term 1,869,641,737 1,787,567,269
(II) Note to the Adjustment of Financial Statements
1. Adjustment of financial statements at the beginning of the year according to the implementation of the
new lease standard for the first time from 2021
√Applicable □Not applicable
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CSG HOLDING CO., LTD. The Third Quarter Report 2021
Whether it is necessary to adjust the balance sheet accounts at the beginning of the year
√Yes □No
According to the "Accounting Standards for Business Enterprises No. 21-Leases" (hereinafter referred to as the New Lease Standards)
issued by the Ministry of Finance of the People's Republic of China in December 2018, companies that are listed at the same time
both domestically and overseas as well as those listed overseas and adopt financial reporting standards or companies that implement
the Accounting Standards for Business Enterprises shall take effect on January 1, 2019; other companies that implement the
Accounting Standards for Business Enterprises shall take effect on January 1, 2021.
The main impacts of the implementation of the new lease standard on the company's financial statements on January 1, 2021 are as
follows:
Unit: RMB
Item December 31, 2020 January 1, 2021 Adjust data
Long-term prepaid
10,381,937 741,179 -9,640,758
expenses
Right-of-use asset 9,640,758 9,640,758
Total 10,381,937 10,381,937
2. Explanation of the retrospective adjustment of the previous comparative data of the new lease standard
for the first time from 2021
□ Applicable √Not applicable
(III) Report of the Auditors
Whether the Third Quarter Report has been audited or not
□ Yes √ No
The Third Quarter Report hasn’t been audited.
Board of Directors of
CSG Holding Co., Ltd.
30 October 2021
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