CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2013
Chairman of the Board:
ZENG NAN
October 2013
CSG HOLDING CO., LTD. The Third Quarter Report 2013
THE THIRD QUARTER REPORT 2013
I. Important Note
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
jointly and severally, for the truthfulness, accuracy and completeness of the whole contents.
Except for the following director, others are present the meeting of the Board for deliberating the Third Quarter
Report of the Company in person.
Name of director absent Position Reason for absence Name of authorized director
Chen Chao Independent Director On business trip Zhang Jianjun
Chairman of the Board & CEO of the Company Mr. Zeng Nan, CFO Mr. Luo Youming and principle of the
financial department Mr. Zhang Guoming hereby confirm the truthfulness and completeness of the Financial
Report in the Third Quarter Report of 2013.
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.
II. Main accounting data and changes of shareholders
(I) Main accounting data and indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √ No
Increase/decrease
30 September 2013 31 December 2012
(%)
Total assets(RMB) 15,995,988,781 14,335,809,746 11.58%
Owners’ equity attributable to shareholders of the
7,129,286,699 6,816,210,753 4.59%
listed company(RMB)
Increase/Decrease
The 3rd quarter of Increase/Decrease in From 1 January in comparison with
comparison with the to 30 September
2013 the same period of
same period of 2012 2013
2012
Total business revenue(RMB) 2,114,679,495 8.57% 5,651,645,278 6.77%
Net profit attributable to shareholders of the listed
273,932,669 74.84% 627,652,415 55.83%
company (RMB)
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and 239,984,898 66.00% 563,127,877 112.56%
losses(RMB)
Net cash flow arising from operating
-- -- 1,097,503,560 -20.64%
activities(RMB)
Basic earnings per share (RMB/Share) 0.13 62.50% 0.30 57.89%
Diluted earnings per share (RMB/Share) 0.13 62.50% 0.30 57.89%
Weighted average ROE (%) 3.94% 1.67% 9.02% 3.19%
-1-
CSG HOLDING CO., LTD. The Third Quarter Report 2013
Non-recurring items deducted and amounts
√Applicable □ Non-applicable
Amount from the beginning of year to
Items Note
the end of the report period(RMB)
Gains and losses from disposal of non-current assets 3,026,189
Governmental subsidy calculated into current gains and losses (excluding the
fixed-amount or fixed-proportion governmental subsidies closely related to the 74,430,284
business of the company according to the unified national standard)
Gains and losses from change of fair values of held-for-transaction financial assets
and financial liabilities except for the effective hedge business related to normal
432,000
business of the Company, and investment income from disposal of transactional
financial assets and liabilities and financial assets available for sale
Other non-operating income and expenditure except the abovementioned 10,313,390
Less: Impact on income tax 16,331,882
Amount of minority shareholders’ equity (post-tax) 7,345,443
Total 64,524,538 --
Concerning 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, explain reasons.
□Applicable √Non-applicable
(II) Total of shareholders at the end of the report period and particulars about the shares held by the top
ten shareholders
Total of shareholders at the end of the report period 219,570
Particulars about shares held by the top ten shareholders
Proportion Amount of Number of share
Nature of Amount of pledged/frozen
Name of shareholder of shares restricted
shareholder shares held
held (%) shares held Share status Amount
State-owned legal
China Northern Industries Corporation 3.62% 75,167,934 0
person
Domestic non
Xin Tong Chan Industrial Development
state-owned legal 3.01% 62,520,000 0
(Shenzhen) Co., Ltd.
person
Domestic non
Shenzhen International Holdings
state-owned legal 2.88% 59,778,813 0
(Shenzhen) Co., Ltd.
person
Domestic non
ICBC-Lion Stock Securities Investment
state-owned legal 1.33% 27,607,605 0
Funds
person
Domestic non
ICBC- Lion Value Growth Stock
state-owned legal 0.96% 20,000,000 0
Securities Investment Funds
person
BBH A/C Vanguard Emerging Markets Overseas legal
0.77% 15,990,664 0
Stock Index Fund person
Domestic non
CMBC?Yinhua Shenzhen 100 Index
state-owned legal 0.72% 14,947,870 0
Grading Securities Investment Fund
person
Domestic non
BOC- E-fund Shenzhen Stock 100 ETF state-owned legal 0.58% 12,102,219 0
person
Domestic non
ICBC- Rongtong Shenzhen Stock 100
state-owned legal 0.58% 11,988,410 0
Index Securities Investment Funds
person
Guotai Junan Securities (Hong Kong) Overseas legal
0.51% 10,643,598 0
Limited person
-2-
CSG HOLDING CO., LTD. The Third Quarter Report 2013
Particulars about shares held by the top ten unrestricted shareholders
Amount of unrestricted Share type and amount
Name of shareholder
shares held Share type Amount
China Northern Industries Corporation 75,167,934 A-share 75,167,934
Xin Tong Chan Industrial Development (Shenzhen) Co., Ltd. 62,520,000 A-share 62,520,000
Shenzhen International Holdings (Shenzhen) Co., Ltd. 59,778,813 A-share 59,778,813
ICBC-Lion Stock Securities Investment Funds 27,607,605 A-share 27,607,605
ICBC- Lion Value Growth Stock Securities Investment Funds 20,000,000 A-share 20,000,000
BBH A/C Vanguard Emerging Markets Stock Index Fund 15,990,664 B-share 15,990,664
CMBC?Yinhua Shenzhen 100 Index Grading Securities Investment Fund 14,947,870 A-share 14,947,870
BOC- E-fund Shenzhen Stock 100 ETF 12,102,219 A-share 12,102,219
ICBC- Rongtong Shenzhen Stock 100 Index Securities Investment Funds 11,988,410 A-share 11,988,410
Guotai Junan Securities (Hong Kong) Limited 10,643,598 B-share 10,643,598
Among shareholders as listed above, the 2nd and the 3rd
shareholders are holding enterprises of Shenzhen
International Holdings Co., Ltd.; the 4th and the 5th
shareholders share the same fund management under
Statement on associated relationship or consistent action among the above
Lion Fund Management Co., Ltd. Except for this, It is
shareholders:
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 applicable) N/A
Whether has a buy-back agreement dealing in reporting period
□Yes √ No
III. Significant Events
(I) The situation and causes for the substantial changes of the main items in the accounting statements
and financial indices
Unit:RMB0’000
Increased/Dec
Note 30 September 2013 31 December 2012 Rate
reased amount
Cash at bank and on hand (1) 66,493 47,442 19,051 40%
Notes receivable (2) 51,833 29,980 21,853 73%
Advances to suppliers (3) 10,977 7,001 3,976 57%
Other current asset (4) 102,312 16,750 85,562 511%
Development expenditure (5) 1,200 361 839 232%
Long-term prepaid expense (6) 667 271 396 146%
Other non-current assets (7) 1,211 5,186 -3,975 -77%
Short-term borrowings (8) 244,429 168,805 75,624 45%
Notes payable (9) 8,557 18,349 -9,792 -53%
Advances from customers (10) 20,581 13,541 7,040 52%
Interest payable (11) 16,193 3,509 12,684 361%
Other payables (12) 79,936 16,597 63,339 382%
Long-term borrowings (13) 33,978 71,111 -37,133 -52%
Other non-current liabilities (14) 45,590 28,737 16,853 59%
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
From 1 January to From 1 January to Increased/Dec
Note Rate
30 September 2013 30 September 2012 reased amount
Revenue (15) 565,165 529,306 35,859 7%
Cost of sales (16) 398,525 409,822 -11,297 -3%
Selling and distribution expenses (17) 19,413 17,383 2,030 12%
General and administrative expenses (18) 41,529 37,725 3,804 10%
Investment income (19) 43 6,261 -6,218 -99%
Income tax expenses (20) 19,812 9,499 10,313 109%
Notes:
(1) The increase of cash at bank and on hand was mainly due to the increase of bank savings.
(2) The increase of notes receivable was mainly because part of the subsidiaries of the Company have an increased proportion
in note collection.
(3) The increase of advances to suppliers was mainly because amount paid in advance for purchasing equipment increased in
the report period.
(4) The increase of other current assets was mainly because the Company transferred shares of Shenzhen CSG Float Glass
Co., Ltd., and adjusted the fixed assets, construction in progress and intangible assets into the non-current assets held for
sales.
(5) The increase of development expenditure was mainly because more qualified R&D expenses are collected in the item of
development expenditure.
(6) The increase of long-term prepaid expense was mainly due to the increased of mold expenses.
(7) The decrease of other non-current assets was mainly because the share acquisition, prepaid at end of last year, was
transfer-out due to the completion of ownership transfer in the year.
(8) The increase of short-term borrowings was mainly because the 1.1 billion short-term financing bonds issued in the repot
period.
(9) The decrease of notes payable was mainly because payment via bank acceptance reduced in the report period.
(10) The increase of advances from customers was mainly due to increase of the advance from goods.
(11) The increase of interest payable was mainly because the provision for bond interest payable in the report period has not
been paid yet.
(12) The increase of other payables was mainly because the Company received advance payment for subsidiary equity transfer.
(13) The decrease of long-term borrowings was mainly because subsidiaries of the Company paid back the long-term
borrowings.
(14) The increase of other non-current liabilities mainly because subsidiaries of the Company received government subsidies.
(15) The increase of revenue was mainly due to increase of sales volume as well as sales price for part of products comparing
with the same period of last year.
(16) The decrease of cost of sales was mainly because the Company implemented dropping cost & improving efficiency which
made the production cost per unit declined.
(17) The increase of selling and distribution expenses was mainly because expenses related to sales increased due to the sales
increase in the report period.
(18) The increase of general and administrative expenses was mainly because new subsidiaries set up and part of the
subsidiaries came into commercial operation, which brought more staff remuneration, office expenses, taxes ect., at the
same time the performance award for management was higher than same period of last year.
(19) The decrease of investment income was mainly because the Company sold the equity of subsidiary at the same period of
last year.
(20) The increase of income tax expenses was mainly due to the increase of pre-tax profit comparing with the same period in
last year.
(II) The progress of material events and the analysis of the solutions
Detail as bellow:
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
Disclosure
Overview Indexes of website for interim Notice
date
The Notice (Notice No.: 2013-022) was published on China
Expiration of repurchase certain domestic-listed
2013-08-06 Securities Journal, Securities Times, Hong Kong Commercial
foreign shares (B shares)
Daily and Juchao Website (www.cninfo.com.cn)
The CSG transferred 19% equity of Shenzhen CSG The Notice (Notice No.: 2013-024) was published on China
Display Technology Co., Ltd. to Shenzhen Xingshi 2013-08-21 Securities Journal, Securities Times, Hong Kong Commercial
Investment Co., Ltd. Daily and Juchao Website (www.cninfo.com.cn)
The CSG planned to transfer 100% equity of The Notice (Notice No.: 2013-028) was published on China
Shenzhen CSG Float Glass Co., Ltd. to Jinshidai 2013-09-28 Securities Journal, Securities Times, Hong Kong Commercial
Investment Consultant (Shenzhen) Co., Ltd. Daily and Juchao Website (www.cninfo.com.cn)
(III) Commitments of shareholders with over 5% of shares made in the report period or carried over from
previous period
Commit- Commit-
Implement-
Commitments Promisee Content of commitments ment ment
ation
date term
The Company has implemented share merger
reform in May 2006. Till June 2008, the share
of the original non-tradable shareholders which
holding over 5% total shares of the Company
had all released. Therein, the original
non-tradable shareholder Shenzhen
The original International Holdings (SZ) Limited (with By the end of
non-tradable former name of Yiwan Industrial Development the report
shareholder (Shenzhen) Co., Ltd. ) and Xin Tong Chan period, the
Shenzhen Industrial Development (Shenzhen) Co., Ltd. above
International both are wholly-funded subsidiaries to shareholders
Commitments for Holdings (SZ) Shenzhen International Holdings Limited 2006-05 of the
N/A
Share Merger Reform Limited and Xin (hereinafter Shenzhen International for short) -22 Company
Tong Chan listed in Hong Kong united stock exchange have strictly
Industrial main board. Shenzhen International made carried out
Development commitment that it would strictly carry out their
(Shenzhen) Co., related regulations of Securities Law, promises.
Ltd. Administration of the Takeover of Listed
Companies Procedures and Guiding Opinions
on the Listed Companies’ Transfer of Original
Shares Released from Trading Restrictions
issued by CSRC during implementing share
decreasingly-held plan and take information
disclosure responsibility timely.
Commitments in report of
acquisition or equity change
Commitments in assets
reorganization
Commitments in initial public
offering or re-financing
Other commitments for
medium and small
shareholders
Completed on time or not Yes
Detail reasons for
un-complement and further Not applicable
plan
-5-
CSG HOLDING CO., LTD. The Third Quarter Report 2013
IV. Financial Statement
(I) Financial Statement
i. Consolidated Balance Sheets
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Ending balance Beginning balance
Current assets:
Cash at bank and on hand 664,928,938 474,421,278
Notes receivable 518,330,903 299,804,348
Accounts receivable 326,557,011 276,814,461
Advances to suppliers 109,770,882 70,007,569
Other receivables 63,619,573 63,047,384
Dividends receivable - -
Inventories 464,733,634 367,293,857
Other current assets 1,023,121,803 167,499,349
Total current asset 3,171,062,744 1,718,888,246
Non-current assets:
Available-for-sale financial assets 107,100,000 109,955,459
Long-term receivable - -
Long-term equity investment - -
Fixed assets 9,080,942,058 9,418,430,703
Construction in process 2,412,501,721 1,934,725,631
Intangible assets 1,041,168,742 929,486,926
Development expenditure 12,003,492 3,610,292
Goodwill 3,039,946 3,039,946
Long-term prepaid expenses 6,672,584 2,713,907
Deferred income tax assets 149,386,782 163,100,004
Other non-current assets 12,110,712 51,858,632
Total non-current assets 12,824,926,037 12,616,921,500
Total Assets 15,995,988,781 14,335,809,746
Current liabilities:
Short-term loans 2,444,287,529 1,688,049,571
Notes payable 85,574,550 183,487,216
Account payable 1,231,450,063 1,120,003,975
Advances from customers 205,807,758 135,413,065
Employee benefits payable 124,815,589 104,895,290
Taxes payable 154,314,715 134,645,371
Interest payable 161,926,040 35,091,990
Dividends payable 687,627 687,627
Other payables 799,359,181 165,969,155
Current portion of non-current liabilities 397,395,140 481,687,841
Other current liabilities 629,627 526,872
Total current liabilities 5,606,247,819 4,050,457,973
Non-current liabilities:
Long-term borrowings 339,778,361 711,112,961
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
Bonds payable 1,989,900,542 1,986,624,288
Deferred income tax liabilities 28,713,638 32,046,701
Other non-recurring liabilities 455,901,294 287,373,063
Total non-current liabilities 2,814,293,835 3,017,157,013
Total liabilities 8,420,541,654 7,067,614,986
Owners’ equity
Paid-in capital 2,075,335,560 2,075,335,560
Capital surplus 1,379,201,271 1,381,031,988
Special reserves 14,670,451 14,831,266
Surplus reserves 678,216,577 678,216,577
Undistributed profits 2,982,129,661 2,665,777,580
Different on translation of foreign currency financial statements -266,821 1,017,782
Total equity attributable to equity holders of the Company 7,129,286,699 6,816,210,753
Minority equity 446,160,428 451,984,007
Total owners’ equity 7,575,447,127 7,268,194,760
Total Liabilities and Owners’ Equity 15,995,988,781 14,335,809,746
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
ii. Balance Sheets of the Company
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Ending balance Beginning balance
Current assets:
Cash at bank and on hand 354,617,021 139,915,851
Notes receivable - -
Accounts receivable - -
Advances to suppliers - -
Other receivables 3,086,591,423 1,753,686,199
Dividends receivable 86,385,405 -
Inventories - -
Other current assets - -
Total current asset 3,527,593,849 1,893,602,050
Non-current assets:
Available-for-sale financial assets 82,145,700 84,335,860
Long-term receivable 2,251,331,465 2,281,424,431
Long-term equity investment 4,719,776,137 4,635,634,350
Fixed assets 12,704,721 13,311,942
Construction in process 25,224,044 10,254,145
Intangible assets 2,760,585 3,093,435
Development expenditure 331,428 134,999
Goodwill - -
Long-term prepaid expenses 2,615,637 -
Deferred income tax assets - -
Other non-current assets - 22,806,000
Total non-current assets 7,096,889,717 7,050,995,162
Total Assets 10,624,483,566 8,944,597,212
Current liabilities:
-7-
CSG HOLDING CO., LTD. The Third Quarter Report 2013
Short-term loans 2,097,000,000 750,000,000
Notes payable - -
Account payable 139,750 29,790
Advances from customers - -
Employee benefits payable 20,696,953 4,833,381
Taxes payable 1,377,446 72,283
Interest payable 25,884,543 3,115,745
Dividends payable 687,627 687,627
Other payables 881,830,140 842,603,141
Current portion of non-current liabilities 150,000,000 -
Other current liabilities - -
Total current liabilities 3,177,616,459 1,601,341,967
Non-current liabilities:
Long-term borrowings - 140,000,000
Bonds payable 1,989,900,542 1,986,624,288
Deferred income tax liabilities 16,126,175 16,673,715
Other non-recurring liabilities 11,897,000 8,897,000
Total non-current liabilities 2,017,923,717 2,152,195,003
Total liabilities 5,195,540,176 3,753,536,970
Owners’ equity
Paid-in capital 2,075,335,560 2,075,335,560
Capital surplus 1,417,669,168 1,418,767,193
Special reserves - -
Surplus reserves 678,216,577 678,216,577
Undistributed profits 1,257,722,085 1,018,740,912
Different on translation of foreign currency financial statements - -
Total equity attributable to equity holders of the Company 5,428,943,390 5,191,060,242
Minority equity - -
Total owners’ equity 5,428,943,390 5,191,060,242
Total Liabilities and Owners’ Equity 10,624,483,566 8,944,597,212
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
iii. Consolidated Income Statement in the report period
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Revenue 2,114,679,495 1,947,809,464
Incl. Business income 2,114,679,495 1,947,809,464
II. Cost 1,761,346,267 1,739,427,606
Incl. Cost of sales 1,470,567,648 1,460,092,713
Tax and surcharges 12,161,293 14,067,914
Selling and distribution expenses 66,187,447 68,298,247
General and administrative expenses 151,273,988 137,745,946
Financial expenses-net 63,215,026 60,177,826
Asset impairment losses -2,059,135 -955,040
Investment gains (‘-‘ for loss) - -
III. Operating profit (‘-‘ for loss) 353,333,228 208,381,858
Add: Non-operating income 48,209,438 16,215,764
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
Less: Non-operational expenses 335,950 685,629
Incl. Loss on disposal of non-current assets 211,620 526,917
IV. Total profit (‘-‘ for loss) 401,206,716 223,911,993
Less: Income tax expenses 84,387,184 39,063,624
V. Net profit (‘-‘ for net loss) 316,819,532 184,848,369
Attributable to equity holders of the company 273,932,669 156,677,476
Minority interests 42,886,863 28,170,893
VI. Earnings per share: -- --
- Basic 0.13 0.08
- Diluted 0.13 0.08
VII. Other comprehensive incomes 6,786,471 -9,171,897
VIII. Total comprehensive incomes 323,606,003 175,676,472
Total comprehensive incomes attributable to equity holders of the
280,719,084 147,505,579
Company
Total comprehensive incomes attributable to Minority interests 42,886,919 28,170,893
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
iv. Income Statement of the Company in the report period
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Revenue - -
Less: Cost of sales - -
Tax and surcharges - -
Selling and distribution expenses - -
General and administrative expenses 18,694,888 6,492,555
Financial expenses-net 11,269,214 1,902,340
Asset impairment losses 4,078 -20,701
Investment gains (‘-‘ for loss) 75,685,182 -
II. Operating profit (‘-‘ for loss) 45,717,002 -8,374,194
Add: Non-operating income 12,285 5,000,000
Less: Non-operational expenses 2,839 11,077
Incl. Loss on disposal of non-current assets 2,839 11,077
III. Total profit (‘-‘ for loss) 45,726,448 -3,385,271
Less: Income tax expenses - -
IV. Net profit (‘-‘ for net loss) 45,726,448 -3,385,271
V. Earnings per share: -- --
VI. Other comprehensive incomes 5,145,207 -6,982,760
VII. Total comprehensive incomes 50,871,655 -10,368,031
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
v. Consolidated Income Statement from 1 Jan. 2013 to 30 Sept. 2013
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Revenue 5,651,645,278 5,293,059,949
Incl. Business income 5,651,645,278 5,293,059,949
II. Cost 4,813,081,700 4,876,317,005
Incl. Cost of sales 3,985,245,701 4,098,220,248
-9-
CSG HOLDING CO., LTD. The Third Quarter Report 2013
Tax and surcharges 35,397,059 31,093,001
Selling and distribution expenses 194,130,191 173,833,081
General and administrative expenses 415,288,040 377,254,068
Financial expenses-net 182,853,289 193,530,038
Asset impairment losses 167,420 2,386,569
Add: Investment gains (‘-‘ for loss) 432,000 62,612,488
III. Operating profit (‘-‘ for loss) 838,995,578 479,355,432
Add: Non-operating income 96,501,015 96,036,837
Less: Non-operational expenses 8,731,152 1,543,465
Incl. Loss on disposal of non-current assets 499,831 1,007,710
IV. Total profit (‘-‘ for loss) 926,765,441 573,848,804
Less: Income tax expenses 198,115,399 94,992,390
V. Net profit (‘-‘ for net loss) 728,650,042 478,856,414
Attributable to equity holders of the company 627,652,415 402,770,661
Minority interests 100,997,627 76,085,753
VI. Earnings per share: -- --
- Basic 0.30 0.19
- Diluted 0.30 0.19
VII. Other comprehensive incomes -3,482,748 -4,936,175
VIII. Total comprehensive incomes 725,167,294 473,920,239
Total comprehensive incomes attributable to equity holders of the
624,169,788 397,789,655
Company
Total comprehensive incomes attributable to Minority interests 100,997,506 76,130,584
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
vi. Income Statement of the Company from 1 Jan. 2013 to 30 Sept. 2013
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Revenue 741,079 1,257,853
Less: Cost of sales 41,575 70,566
Tax and surcharges - -
Selling and distribution expenses - -
General and administrative expenses 41,489,374 14,791,978
Financial expenses-net 28,792,555 11,129,772
Asset impairment losses -770,213 300,078
Add: Investment gains (‘-‘ for loss) 612,760,982 805,030,048
II. Operating profit (‘-‘ for loss) 543,948,770 779,995,507
Add: Non-operating income 6,339,325 10,501,000
Less: Non-operational expenses 6,580 11,735
Incl. Loss on disposal of non-current assets 6,580 11,735
III. Total profit (‘-‘ for loss) 550,281,515 790,484,772
Less: Income tax expenses - -
IV. Net profit (‘-‘ for net loss) 550,281,515 790,484,772
V. Earnings per share: -- --
VI. Other comprehensive incomes -1,642,620 -4,156,114
VII. Total comprehensive incomes 548,638,895 786,328,658
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
- 10 -
CSG HOLDING CO., LTD. The Third Quarter Report 2013
vii. Consolidated Cash Flow Statement from 1 Jan. 2013 to 30 Sept. 2013
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Cash flow from operating activities
Cash received from sales of goods or rendering of services 6,441,452,937 6,214,902,734
Refund of taxes and surcharges 36,380,170 112,452,601
Cash received relating to other operating activities 127,597,354 90,181,088
Sub-total of cash inflow 6,605,430,461 6,417,536,423
Cash paid for goods and services 3,908,509,052 3,662,281,292
Cash paid to and on behalf of employees 624,712,597 592,345,154
Payments of taxes and surcharges 630,278,495 483,528,672
Cash paid relating to other operating activities 344,426,757 296,463,674
Sub-total of cash outflows 5,507,926,901 5,034,618,792
Net cash flows from operating activities 1,097,503,560 1,382,917,631
II. Cash flow from investing activities
Cash received from disposal of investment 424,980,000 -
Cash received from returns on investment 432,000 339,962
Net cash retrieved from disposal of fixed assets, intangible assets, and other
15,845,601 8,098,484
long-term assets
Cash received from disposal of subsidiaries and other companies 210,000,000 78,552,498
Cash received relating to other investing activities 223,410,169 43,531,540
Sub-total of cash inflows 874,667,770 130,522,484
Cash paid to acquire fixed assets, intangible assets and other long-term
1,523,354,361 1,061,357,422
assets
Cash paid to acquire investments - 27,068,998
Cash paid to acquire subsidiaries and other companies 39,001,200 -
Cash paid relating to other investing activities 7,000,000 4,742,970
Sub-total of cash outflows 1,569,355,561 1,093,169,390
Net cash flows from investing activities -694,687,791 -962,646,906
III. Cash flows from financing activities
Cash received from capital contributions 29,011,757 52,855,285
Incl. Cash received from capital contributions by minority interests of
29,011,757 52,855,285
subsidiaries
Cash received from borrowing 2,420,546,594 2,383,345,342
Cash received from other financing activities 21,963,065 36,000,000
Sub-total of cash inflows 2,471,521,416 2,472,200,627
Cash repayments of borrowings 2,119,935,939 2,297,104,281
Cash payments for interests expenses and distribution of dividends or profit 535,919,793 639,944,823
Incl. Cash payments for dividends or profit to minority interests of
145,358,190 123,764,085
subsidiaries
Cash payments relating to other financing activities 3,227,747 44,774,967
Sub-total of cash outflows 2,659,083,479 2,981,824,071
Net cash flows from financing activities -187,562,063 -509,623,444
IV. Effect of foreign exchange rate changes on cash and cash equivalents -2,777,444 601,947
V. Net increase in cash and cash equivalents 212,476,262 -88,750,772
Add: Cash and cash equivalents at the beginning of year 447,736,537 634,416,574
VI. Cash and cash equivalents at the end of term 660,212,799 545,665,802
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
viii. Cash Flow Statement of the Company from 1 Jan. 2013 to 30 Sept. 2013
Prepared by CSG Holding Co., Ltd. Unit: RMB
Items Balance of this period Balance of last period
I. Cash flow from operating activities
Cash received from sales of goods or rendering of services - -
Refund of taxes and surcharges - -
Cash received relating to other operating activities 4,802,370 2,914,770
Sub-total of cash inflow 4,802,370 2,914,770
Cash paid for goods and services 2,615,637 -
Cash paid to and on behalf of employees 14,523,157 41,818,591
Payments of taxes and surcharges 277,732 232,259
Cash paid relating to other operating activities 11,509,008 9,507,157
Sub-total of cash outflows 28,925,534 51,558,007
Net cash flows from operating activities -24,123,164 -48,643,237
II. Cash flow from investing activities
Cash received from disposal of investment 424,980,000 -
Cash received from returns on investment 583,797,208 526,634,274
Net cash retrieved from disposal of fixed assets, intangible assets, and other
- 450
long-term assets
Cash received from disposal of subsidiaries and other companies 115,000,000 62,400,000
Cash received relating to other investing activities 6,317,040 15,500,000
Sub-total of cash inflows 1,130,094,248 604,534,724
Cash paid to acquire fixed assets, intangible assets and other long-term
15,321,209 8,310,383
assets
Cash paid to acquire investments 335,178,626 203,105,620
Cash paid to acquire subsidiaries and other companies 39,001,200 -
Cash paid relating to other investing activities 21,807,800 103,717,913
Sub-total of cash outflows 411,308,835 315,133,916
Net cash flows from investing activities 718,785,413 289,400,808
III. Cash flows from financing activities
Cash received from capital contributions
Cash received from borrowing 2,314,288,442 830,000,000
Cash received from other financing activities
Sub-total of cash inflows 2,314,288,442 830,000,000
Cash repayments of borrowings 957,288,442 761,500,720
Cash payments for interests expenses and distribution of dividends or profit 316,114,952 374,762,405
Cash payments relating to other financing activities 1,523,064,787 2,221,645
Sub-total of cash outflows 2,796,468,181 1,138,484,770
Net cash flows from financing activities -482,179,739 -308,484,770
IV. Effect of foreign exchange rate changes on cash and cash equivalents 2,218,660 -1,910,576
V. Net increase in cash and cash equivalents 214,701,170 -69,637,775
Add: Cash and cash equivalents at the beginning of year 139,915,851 229,898,569
VI. Cash and cash equivalents at the end of term 354,617,021 160,260,794
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
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CSG HOLDING CO., LTD. The Third Quarter Report 2013
(II) Auditor’s Report
Whether the third quarter report was audited or not
□Yes √No
The third quarter report of the Company has not been audited
Board of Directors of
CSG Holding Co., Ltd.
22 October 2013
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