CSG HOLDING CO., LTD.
THE FIRST QUARTER REPORT 2014
Chairman of the Board:
ZENG NAN
April 2014
CSG HOLDING CO., LTD. The First Quarter Report 2014
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
jointly and severally, for the truthfulness, accuracy and completeness of the whole contents.
All directors are present the meeting of the Board for deliberating the First Quarter Report of the Company in
person.
Chairman of the Board 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
First Quarter Report of 2014.
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 2014
Section II Main accounting data and Changes in Shareholders
I. Main accounting data and indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √ No
The 1st quarter of 2014 The 1st quarter of 2013 Percentage of change (%)
Operating income (RMB) 1,482,894,670 1,456,792,882 1.79%
Net profit attributable to shareholders of
123,051,443 107,660,977 14.3%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 108,589,698 90,472,570 20.02%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
90,191,987 289,618,073 -68.86%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0593 0.0519 14.26%
Diluted earnings per share (RMB/Share) 0.0593 0.0519 14.26%
The weighted average return on net assets
1.5% 1.57% -0.07%
(%)
31 March 2014 31 December 2013 Percentage of change (%)
Total assets (RMB) 15,285,641,383 15,078,866,777 1.37%
Net assets attributable to shareholder of
8,179,819,319 8,047,894,139 1.64%
listed company(RMB)
Items and amounts of extraordinary profit (gains)/loss
√Applicable □ Not applicable
Unit: RMB
Amount from beginning of the year to
Item Note
the end of the report period
Gains/losses from the disposal of non-current asset (including the write-off
-828,851
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 20,724,698
are closely relevant to enterprise’s business)
Other non-operating income and expenditure except for the aforementioned
3,679,852
items
Other gain/loss items satisfying the definition of nonrecurring gain/loss
-2,351,667
account
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CSG HOLDING CO., LTD. The First Quarter Report 2014
Less: Impact on income tax 4,594,833
Amount of minority shareholders’ equity (post-tax) 2,167,454
Total 14,461,745 --
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 √Not applicable
II. 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 220,901
Particulars about shares held by the top ten shareholders
Proportion Amount of Number of share
Nature of Amount of
Name of shareholder of shares restricted pledged/frozen
shareholder shares held
held (%) shares held Share status Amount
State-owned
China Northern Industries Corporation 3.62% 75,167,934 0
legal person
Domestic non
Xin Tong Chan Industrial Development (Shenzhen)
state-owned 2.99% 62,052,845 0
Co., Ltd.
legal person
Domestic non
Shenzhen International Holdings (Shenzhen) Co.,
state-owned 2.88% 59,778,813 0
Ltd.
legal person
Domestic non
ICBC-Lion Stock Securities Investment Funds state-owned 0.87% 18,000,000 0
legal person
BBH A/C VANGUARD EMERGING MARKETS Overseas legal
0.71% 14,751,764 0
STOCK INDEX FUND person
Domestic non
CMBC—Yinhua Shenzhen Stock 100 Index
state-owned 0.63% 13,101,411 0
Grading Securities Investment Fund
legal person
Domestic non
China Resources SZITIC Trust Co., Ltd. – Runjin
state-owned 0.56% 11,623,300 0
No.71 Collective Fund Trust Plan
legal person
GUOTAI JUNAN SECURITIES(HONGKONG) Overseas legal
0.48% 10,045,233 0
LIMITED person
ICBC- Rongtong Shenzhen Stock 100 Index Domestic non 0.48% 10,013,158 0
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CSG HOLDING CO., LTD. The First Quarter Report 2014
Securities Investment Funds state-owned
legal person
Domestic non
BOC- E-fund Shenzhen Stock 100 ETF state-owned 0.45% 9,352,862 0
legal person
Particulars about shares held by the top ten unrestricted shareholders
Amount of Share type and amount
Name of shareholder unrestricted shares
Share type Amount
held
China Northern Industries Corporation 75,167,934 A-share 75,167,934
Xin Tong Chan Industrial Development (Shenzhen) Co., Ltd. 62,052,845 A-share 62,052,845
Shenzhen International Holdings (Shenzhen) Co., Ltd. 59,778,813 A-share 59,778,813
ICBC-Lion Stock Securities Investment Funds 18,000,000 A-share 18,000,000
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX
14,751,764 B-share 14,751,764
FUND
CMBC—Yinhua Shenzhen Stock 100 Index Grading Securities
13,101,411 A -share 13,101,411
Investment Fund
China Resources SZITIC Trust Co., Ltd. – Runjin No.71 Collective
11,623,300 A-share 11,623,300
Fund Trust Plan
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 10,045,233 B-share 10,045,233
ICBC- Rongtong Shenzhen Stock 100 Index Securities Investment
10,013,158 A-share 10,013,158
Funds
BOC- E-fund Shenzhen Stock 100 ETF 9,352,862 A -share 9,352,862
Among shareholders as listed above, Shenzhen
International Holdings (Shenzhen) Co., Ltd. and Xin Tong
Chan Development (Shenzhen) Co., Ltd. are holding
enterprises and belong to controlling enterprise of
Statement on associated relationship or consistent action among the
Shenzhen International Holdings Co., Ltd. Except for this,
above 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 applicable) N/A
Whether has a buy-back agreement dealing in reporting period
□Yes √ No
4
CSG HOLDING CO., LTD. The First Quarter Report 2014
Section III Important Events
I. Particulars and explanations about significant changes in main accounting statement and
financial indexes
Unit: RMB’0,000
Note 31 March 2014 31 December 2013 Amount of change Percentage of change
Notes receivable (1) 16,693 32,389 (15,696) (48%)
Accounts receivable (2) 27,010 13,643 13,367 98%
Other receivables (3) 2,354 10,937 (8,583) (78%)
Inventory (4) 53,346 37,868 15,478 41%
Remuneration payable (5) 7,867 16,638 (8,771) (53%)
Note Jan.-Mar.2014 Jan.-Mar.2013 Amount of change Percentage of change
Business tax and surcharges (6) 749 1,090 (341) (31%)
Asset impairment loss (7) 274 (75) 349 (465%)
Non-business expenditure (8) 145 711 (566) (80%)
Income tax expenses (9) 3,549 4,480 (931) (21%)
Other comprehensive (10) 1,035 (846) 1,881 (222%)
income
Note:
(1) Notes receivable decreased mainly because bill payment for goods increased in the report period.
(2) Accounts receivable increased mainly because there was more payment collection at the end of last year while the payment
collection in the period was normal.
(3) Other receivables decreased mainly because the insurance indemnity caused by the fire accident of Dongguan CSG PV tech Co.,
Ltd. was received in the report period.
(4) Inventory increased mainly because raw materials and finished goods stocked up for subsequent orders increased in part of
subsidiaries of the Company
(5) Remuneration payable decreased mainly because provision of employee year-end bonus at the end of last year had been paid in
the report period.
(6) Business tax and surcharges decreased mainly because urban maintenance & construction tax and the education surtax declined
due to the decrease of VAT paid in the report period.
(7) Asset impairment loss increased mainly because in the report period the increase amount of accounts receivable was greater than
that of the same time of last year and general provision for bad debt in the report period increased over that of the same period of last
year.
(8) Non-business expenditure decreased mainly because the subsidiary of the Company, Shenzhen Float paid an amount of RMB 7
million related to land at the same period of last year and there was no large non-business expenditure in the report period.
(9) Income tax expenses decreased mainly because the profit of the subsidiary that enjoyed the preferential income tax increased over
the same period of last year, and thus the comprehensive income tax rates decreased over the same period of last year.
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CSG HOLDING CO., LTD. The First Quarter Report 2014
(10) Other comprehensive income increased mainly because the fair value of financial assets available for sale of the Company
increased in the report period.
II. The progress of material events and the analysis of the solutions
1. Assets for sale
Being deliberated and approved in interim meeting of 6th session of the Board on 27 September 2013, the Company transferred
100% equity of its wholly-owned subsidiary, Shenzhen CSG Float Glass Co., Ltd., to Golden Times Investment Consultant (SZ) Co.,
Ltd. with consideration of RMB 918 million. Meanwhile, Golden Times promised to pay the debt obligation of RMB 330 million to
Shenzhen Float. Approximately investment earnings of RMB 290 million are expected to generate through the transfer, and the
equity transfer will bring a positive impact on perfecting resource allocation, improving assets quality and enhancing core
competitiveness of the Company.
Details of the transfer can be found in “Sales of Assets Notice” released in the China Securities Journal, Securities Times, Hong
Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) on 28 September 2013.
2. Short-term Financing Bonds
On 6 August 2012, the First Extraordinary Shareholders’ General Meeting 2012 of CSG Holding Co., Ltd deliberated and approved
the proposal of short-term financing bills offering with application of short-term financing bill within RMB 2.2 billion limit. On 11
January 2013, National Association of Financial market Institutional Investors held its 1st registration meeting of 2013, in which
NAFMII decided to accept the Company’s short-term financing bills registration, amounting to RMB 1.1 billion, valid until January
25, 2015. China Merchants Bank Co., Ltd, and Shanghai Pudong Development Bank Co., Ltd were joint lead underwriters of these
short-term financing bills, which could be issued by stages within the validity period of registration. On 7 March 2013, the Company
issued short-term financing bills with a total amount of RMB 1.1 billion and deadline of one year, and cashed completed on 6 March
2014.
On 23 April 2013, annual shareholders’ general meeting 2012 of CSG considered and passed the proposal of publishing short-term
financing bills, agreed the Company’s application for publishing short-term financing bills with amount not over the 40% of the
Company’s net assets in total (the issued short-term financing bonds included). On 20 December 2013, National Association of
Financial market Institutional Investors held its 74th registration meeting of 2013, in which NAFMII decided to accept the
Company’s short-term financing bills registration, amounting to RMB 1.1 billion and deadline of 2 years. China CITIC Bank
Corporation Limited and Agricultural Bank of China Co., Ltd were joint lead underwriters of these short-term financing bills, which
could be issued by stages within the validity period of registration. On 14 March 2014, the Company issued short-term financing bills
with a total amount of RMB 0.5 billion and deadline of one year. As for the remaining RMB 0.6 billion and one-year term short-term
financing bonds, the issuance date is undetermined.
For details, please refer to www.chinabond.com.cn and www.chinamoney.com.cn.
3. Stock option incentive
The 15th meeting of 6th session of the Board held on 22 March 2014 deliberated and approved the “Proposal of Incentive Plan for
Restricted Stock of A-share (Draft) and Summary” (hereinafter referred to Incentive Plan).
The incentive plan will issue no more than 90 million restricted A shares to grant plan participants in one time. The participants who
can be awarded with restricted shares should correspond to award requirements regulated in restrict shares incentive plan. The Plan is
valid for 48 months. The first 12 months since granted date was the lockup period and the later 36 months was the unlocked period.
During the unlocked period, plan participants can apply unlocking the restricted shares in three phases if achieved the release
condition, and the unlocked ratio shall be no more than 40%、30%、30% of the total restricted shares respectively. The incentive plan
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CSG HOLDING CO., LTD. The First Quarter Report 2014
should be submitted to the general meeting of shareholders for deliberation after China Securities Regulatory Commission puts on
file without objection.
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 term ation
date
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
By the end
The original non-tradable shareholder Shenzhen
of the
non-tradable International Holdings (SZ) Limited and Xin
report
shareholder Tong Chan Industrial Development (Shenzhen)
period, the
Shenzhen Co., Ltd. both are wholly-funded subsidiaries to
above
International Shenzhen International Holdings Limited
shareholder
Commitments for Holdings (SZ) (hereinafter Shenzhen International for short) 2006-5-
N/A s of the
Share Merger Reform Limited and Xin listed in Hong Kong united stock exchange 22
Company
Tong Chan main board. Shenzhen International made
had strictly
Industrial commitment that it would strictly carry out
carried out
Development related regulations of Securities Law,
their
(Shenzhen) Co., Administration of the Takeover of Listed
promises.
Ltd. 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
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CSG HOLDING CO., LTD. The First Quarter Report 2014
IV. Prediction of business performance for Jan.-Jun. 2014
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or compared with the same
period of last year, and statement of causations.
□ Applicable √ Non applicable
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中国南玻集团股份有限公司 2014 年第一季度报告全文
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 274,852,207 279,672,523
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 166,927,382 323,889,490
Account receivable 270,099,225 136,430,683
Prepayment 75,609,303 73,378,329
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 23,544,848 109,366,023
Repurchasing of financial assets
Inventories 533,462,100 378,684,712
Non-current asset due in 1 year
Other current asset 1,048,796,652 1,021,464,095
Total of current asset 2,393,291,717 2,322,885,855
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset 135,900,000 122,760,000
Expired investment in possess
Long-term receivable
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Long-term share equity investment 776,157,329 770,037,176
Investment real estates
Fixed assets 7,876,675,460 7,979,937,683
Construction in process 2,987,491,494 2,762,418,100
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 932,129,124 933,329,528
R&D expense 7,328,106 9,881,310
Goodwill 3,039,946 3,039,946
Long-term amortizable expenses 3,238,410 3,280,021
Differed income tax asset 163,879,797 164,787,158
Other non-current asset 6,510,000 6,510,000
Total of non-current assets 12,892,349,666 12,755,980,922
Total of assets 15,285,641,383 15,078,866,777
Current liabilities
Short-term loans 1,663,878,435 1,424,743,800
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 2,759,502 4,429,188
Account payable 939,826,954 981,616,449
Prepayment received 130,960,299 160,689,070
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 78,666,783 166,377,238
Tax payable 118,447,898 160,754,703
Interest payable 54,175,326 60,767,534
Dividend payable 687,627 687,627
Other account payable 574,447,800 557,130,583
Reinsurance fee payable
Insurance contract provision
10
中国南玻集团股份有限公司 2014 年第一季度报告全文
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 479,740,545 399,849,715
Other current liability 300,000 300,000
Total of current liability 4,043,891,169 3,917,345,907
Non-current liabilities
Long-term borrowings 274,992,063 302,904,204
Bond payable 1,992,194,288 1,991,041,175
Long-term payable
Special payable
Anticipated liabilities
Differed income tax liability 38,412,497 34,298,029
Other non-recurring liabilities 426,193,028 432,364,880
Total of non-current liabilities 2,731,791,876 2,760,608,288
Total of liability 6,775,683,045 6,677,954,195
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 2,075,335,560 2,075,335,560
Capital reserves 1,398,969,084 1,391,366,888
Less: Shares in stock
Special reserves 15,537,755 14,503,860
Surplus reserves 765,048,720 765,048,720
Common risk provision
Retained profit 3,926,626,285 3,803,574,842
Different of foreign currency translation -1,698,085 -1,935,731
Total of owner’s equity belong to the
8,179,819,319 8,047,894,139
parent company
Minor shareholders’ equity 330,139,019 353,018,443
Total of owners’ equity (or
8,509,958,338 8,400,912,582
shareholders’ equity)
Total of liability and shareholders’
15,285,641,383 15,078,866,777
equity (or owners’ equity)
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
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中国南玻集团股份有限公司 2014 年第一季度报告全文
2. Balance Sheet of the Parent Company
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Ending balance Beginning balance
Current asset:
Monetary capital 105,511,379 129,337,516
Transactional financial assets
Notes receivable
Account receivable
Prepayment
Interest receivable
Dividend receivable
Other account receivable 3,091,841,546 3,082,240,537
Inventories
Non-current asset due in 1 year
Other current asset
Total of current asset 3,197,352,925 3,211,578,053
Non-current assets
Available-for-sale financial asset 104,235,300 94,156,920
Expired investment in possess
Long-term receivable 1,917,627,521 1,953,745,783
Long-term share equity investment 5,089,871,949 4,966,621,199
Investment real estates
Fixed assets 37,425,956 38,163,267
Construction in process
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 2,538,686 2,649,635
R&D expense
Goodwill
Long-term amortizable expenses 2,426,121 2,424,621
Differed income tax asset
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Other non-current asset
Total of non-current assets 7,154,125,533 7,057,761,425
Total of assets 10,351,478,458 10,269,339,478
Current liabilities
Short-term loans 1,407,051,593 1,255,000,000
Trade off financial liabilities
Notes payable
Account payable 780,060 923,245
Prepayment received
Employees’ wage payable 2,300,202 55,932,331
Tax payable 25,722,949 26,978,661
Interest payable 13,652,914 18,800,998
Dividend payable 687,627 687,627
Other account payable 828,331,263 829,844,788
Non-current liability due in 1 year 150,000,000 150,000,000
Other current liability
Total of current liability 2,428,526,608 2,338,167,650
Non-current liabilities
Long-term borrowings
Bond payable 1,992,194,288 1,991,041,175
Long-term payable
Special payable
Anticipated liabilities
Differed income tax liability 21,648,575 19,128,980
Other non-recurring liabilities 11,792,800 11,792,800
Total of non-current liabilities 2,025,635,663 2,021,962,955
Total of liability 4,454,162,271 4,360,130,605
Owners’ equity (or shareholders’
equity)
Capital paid in (or share capital) 2,075,335,560 2,075,335,560
Capital reserves 1,442,181,439 1,434,441,128
Less: Shares in stock
Special reserves
Surplus reserves 779,594,080 779,594,080
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Common risk provision
Retained profit 1,600,205,108 1,619,838,105
Different of foreign currency translation
Total of owners’ equity (or
5,897,316,187 5,909,208,873
shareholders’ equity)
Total of liability and shareholders’
10,351,478,458 10,269,339,478
equity (or owners’ equity)
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
3. Consolidated Income Statement
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
I. Total revenue 1,482,894,670 1,456,792,882
Incl. Business income 1,482,894,670 1,456,792,882
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,344,181,492 1,305,835,991
Incl. Business cost 1,101,922,703 1,050,719,953
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 7,492,146 10,900,605
Sales expense 58,234,783 58,377,696
Administrative expense 122,486,203 125,388,239
Financial expenses 51,307,640 61,201,978
Asset impairment loss 2,738,017 -752,480
Plus: gains from change of fair value
(“-“for loss)
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Investment gains (“-“ for loss) 6,383,626
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 145,096,804 150,956,891
Plus: non-operational income 25,025,825 30,642,625
Less: non-operational expenditure 1,450,126 7,107,553
Incl. Loss from disposal of non-current
1,421,153 104,217
assets
IV. Gross profit (“-“ for loss) 168,672,503 174,491,963
Less: Income tax expenses 35,485,420 44,799,222
V. Net profit (“-“ for net loss) 133,187,083 129,692,741
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
123,051,443 107,660,977
parent company
Minor shareholders’ equity 10,135,640 22,031,764
VI. Earnings per share: -- --
(I) Basic earnings per share 0.0593 0.0519
(II) Diluted earnings per share 0.0593 0.0519
VII. Other misc. incomes 10,352,885 -8,462,043
VIII. Total of misc. incomes 143,539,968 121,230,698
Total of misc. incomes attributable to
133,404,328 99,198,934
the owners of the parent company
Total misc gains attributable to the
10,135,640 22,031,764
minor shareholders
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
4. Income Statement of the Parent Company
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
I. Turnover 0 741,079
Less: Operation cost 0 41,575
Business tax and surcharge
Sales expense
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Administrative expense 6,203,406 5,127,394
Financial expenses 23,005,979 9,934,420
Asset impairment loss -2,049 -474,413
Plus: gains from change of fair value
(“-“ for loss)
Investment gains (“-“ for loss) 8,735,293 6,554,035
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) -20,472,043 -7,333,862
Plus: Non business income 839,045
Less: Non-business expenses
Incl. Loss from disposal of non-current
assets
III. Total profit (“-“ for loss) -19,632,998 -7,333,862
Less: Income tax expenses
IV.Net profit (“-“ for net loss) -19,632,998 -7,333,862
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains 7,558,785 -5,205,184
VII. Total of integrated income -12,074,213 -12,539,046
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
5. Consolidated Cash Flow Statement
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
I. Net cash flow from business
operation
Cash received from sales of products
1,702,304,935 1,788,311,553
and providing of services
Net increase of customer deposits and
capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial asset
disposal
Cash received as interest, processing
fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 421,908 7,802,366
Other cash received from business
17,575,287 55,196,380
operation
Sub-total of cash inflow from business
1,720,302,130 1,851,310,299
activities
Cash paid for purchasing of
1,097,649,946 1,044,604,044
merchandise and services
Net increase of client trade and advance
Net increase of savings in central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 250,906,812 198,865,070
Taxes paid 182,733,978 212,834,025
Other cash paid for business activities 98,819,407 105,389,087
Sub-total of cash outflow from business
1,630,110,143 1,561,692,226
activities
Cash flow generated by business
90,191,987 289,618,073
operation, net
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment profit 444,816
17
中国南玻集团股份有限公司 2014 年第一季度报告全文
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 8,328,943 4,556,623
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 95,250,749 20,726,310
Sub-total of cash inflow due to
104,024,508 25,282,933
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 411,824,679 452,169,132
long-term assets
Cash paid as investment 55,914,929
Net increase of loan against pledge
Net cash received from subsidiaries and
39,001,200
other operational units
Other cash paid for investment
7,000,000
activities
Sub-total of cash outflow due to
467,739,608 498,170,332
investment activities
Net cash flow generated by investment -363,715,100 -472,887,399
III. Cash flow generated by financing
Cash received as investment 21,136,000 21,085,757
Incl. Cash received as investment from
21,136,000 21,085,757
minor shareholders
Cash received as loans 2,027,074,580 1,613,758,324
Cash received from bond placing
Other financing-related cash received 20,096,157 21,783,953
Subtotal of cash inflow from financing
2,068,306,737 1,656,628,034
activities
Cash to repay debts 1,735,961,256 1,262,423,766
Cash paid as dividend, profit, or
63,293,058 31,372,734
interests
Incl. Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Subtotal of cash outflow due to
1,799,254,314 1,293,796,500
financing activities
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中国南玻集团股份有限公司 2014 年第一季度报告全文
Net cash flow generated by financing 269,052,423 362,831,534
IV. Influence of exchange rate
136,529 -342,924
alternation on cash and cash equivalents
V. Net increase of cash and cash
-4,334,161 179,219,284
equivalents
Plus: Balance of cash and cash
276,450,869 447,736,537
equivalents at the beginning of term
VI. Balance of cash and cash
272,116,708 626,955,821
equivalents at the end of term
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
6. Cash Flow Statement of the Parent Company
Prepared by CSG Holding Co., Ltd.
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
326,465 973,073
operation
Sub-total of cash inflow from business
326,465 973,073
activities
Cash paid for purchasing of
1,500 2,379,075
merchandise and services
Cash paid to staffs or paid for staffs 47,862,295 4,157,743
Taxes paid 274,607 96,338
Other cash paid for business activities 4,625,703 5,725,372
Sub-total of cash outflow from business
52,764,105 12,358,528
activities
Cash flow generated by business
-52,437,640 -11,385,455
operation, net
II. Cash flow generated by investing
Cash received from investment
retrieving
19
中国南玻集团股份有限公司 2014 年第一季度报告全文
Cash received as investment profit 18,685,428 32,232,027
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 294
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
18,685,722 32,232,027
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 143,185 10,617,775
long-term assets
Cash paid as investment 114,778,929 313,104,626
Net cash received from subsidiaries and
39,001,200
other operational units
Other cash paid for investment
787,603,647
activities
Sub-total of cash outflow due to
114,922,114 1,150,327,248
investment activities
Net cash flow generated by investment -96,236,392 -1,118,095,221
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 1,871,301,593 1,544,058,284
Cash received from bond placing
Other financing-related cash received 1,016,912
Subtotal of cash inflow from financing
1,872,318,505 1,544,058,284
activities
Cash to repay debts 1,719,250,000 309,058,284
Cash paid as dividend, profit, or
28,228,411 3,176,062
interests
Other cash paid for financing activities
Subtotal of cash outflow due to
1,747,478,411 312,234,346
financing activities
Net cash flow generated by financing 124,840,094 1,231,823,938
IV. Influence of exchange rate
7,801 2,406,138
alternation on cash and cash equivalents
V. Net increase of cash and cash -23,826,137 104,749,400
20
中国南玻集团股份有限公司 2014 年第一季度报告全文
equivalents
Plus: Balance of cash and cash
129,337,516 139,915,851
equivalents at the beginning of term
VI. Balance of cash and cash
105,511,379 244,665,251
equivalents at the end of term
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
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.
22 April 2014
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