CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2014
Chairman of the Board:
ZENG NAN
October 2014
CSG HOLDING CO., LTD. The Third Quarter Report 2014
Section I. Important Notice
Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities
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 Third 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, accuracy and completeness of the Financial
Report in the Third 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 Third 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
Increase/decrease in
The end of current The end of last year comparison with the end
period of last year
Before adjustment After adjustment After adjustment
Total assets (RMB ) 15,267,585,451 15,078,866,777 15,078,866,777 1.25%
Net assets attributable to shareholders
8,260,462,180 8,047,894,139 8,047,894,139 2.64%
of the Company (RMB )
Increase/Decrease in
Increase/decrease in
comparison with the From 1 January to
Current period comparison with the
same period of last 30 September 2014
same period of 2013
year
Operating revenues (RMB ) 1,886,265,762 -10.80% 5,148,947,434 -8.89%
Net profit attributable to shareholders
148,078,202 -45.94% 737,288,641 17.47%
of the Company (RMB )
Net profit attributable to shareholders
of the Company after deducting
130,635,155 -45.57% 373,570,080 -33.66%
extraordinary gains
and losses (RMB )
Net cash flows from operating
-- -- 957,778,263 -12.73%
activities (RMB )
Basic earnings per share
0.07 -46.15% 0.36 20%
(RMB/Share)
Diluted earnings per share
0.07 -46.15% 0.36 20%
(RMB/Share)
Weighted average ROE (%) 1.82% -2.12% 9.05% 0.03%
Non-recurring items deducted and amounts
√Applicable □ Not applicable
Unit: RMB
Amount from the beginning of year to
Items Note
the end of the report period(RMB)
Gains/losses on the disposal of non-current assets (including the offset part of -1,164,566
2
CSG HOLDING CO., LTD. The Third Quarter Report 2014
asset impairment provisions)
Government grants recognized in the current period, except for those
acquired in the ordinary course of business or granted at certain quotas or 63,306,392
amounts according to the country’s unified standards
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
2,036,611
normal 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 for the aforementioned items 13,526,669
Other gain/loss items satisfying the definition of extraordinary gain/loss account 308,895,397
Less: Impact on income tax 15,780,085
Amount of minority shareholders’ equity (post-tax) 7,101,857
Total 363,718,561 --
Explain reasons for the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss
according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss.
√Applicable □ Not applicable
Amount
Item Reasons
involved (RMB)
Other gain/loss items satisfying the definition of It was mainly due to the Company sold 100% equity of
308,895,397
extraordinary gain/loss account Shenzhen CSG Float Glass Co., Ltd.
II. Total of shareholders at the end of the report period and particulars about the shares held
by the top ten shareholders
1. Total of common shareholders and particulars about the common shares held by the top ten
shareholders
Unit: Share
Total of shareholders at the end of the report period 211,751
Particulars about common 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
Xin Tong Chan Industrial Development (Shenzhen) Domestic non
2.99% 62,052,845 0
Co., Ltd. state-owned
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
legal person
Domestic non
Shenzhen International Holdings (Shenzhen) Co.,
state-owned 2.88% 59,778,813 0
Ltd.
legal person
BBH A/C VANGUARD EMERGING MARKETS Overseas legal
0.75% 15,656,152 0
STOCK INDEX FUND person
China Minsheng Banking Corp. Ltd.- Yinhua Domestic non
Shenzhen Stock 100 Index Classification Securities state-owned 0.67% 13,907,750 0
Investment Fund legal person
State-owned
CMS (HK) 0.58% 12,099,601 0
legal person
Domestic non
ICBC- Rongtong Shenzhen Stock 100 Index
state-owned 0.41% 8,497,374 0
Securities Investment Funds
legal person
Overseas legal
GIC PRIVATE LIMITED 0.40% 8,329,614 0
person
GUOTAI JUNAN SECURITIES(HONGKONG) Overseas legal
0.40% 8,268,926 0
LIMITED person
Domestic non
Bank of China Limited – E-fund Shenzhen Stock
state-owned 0.33% 6,781,262 0
100 ETF portfolio fund
legal person
Particulars about unrestricted common shares held by the top ten shareholders
Amount of Type of shares
Shareholders un-restrict
Type Amount
shares 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
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND 15,656,152 B-share 15,656,152
China Minsheng Banking Corp. Ltd.- Yinhua Shenzhen Stock 100 Index
13,907,750 A-share 13,907,750
Classification Securities Investment Fund
CMS (HK) 12,099,601 B-share 12,099,601
ICBC- Rongtong Shenzhen Stock 100 Index Securities Investment Funds 8,497,374 A-share 8,497,374
GIC PRIVATE LIMITED 8,329,614 B-share 8,329,614
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 8,268,926 B-share 8,268,926
Bank of China Limited – E-fund Shenzhen Stock 100 ETF portfolio fund 6,781,262 A-share 6,781,262
Statement on associated relationship or Among shareholders as listed above, Shenzhen International Holdings (Shenzhen) Co.,
consistent action among the above Ltd. and Xin Tong Chan Development (Shenzhen) Co., Ltd. are holding enterprises and
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
shareholders: belong to controlling enterprise of Shenzhen International Holdings Co., Ltd. Except for
this, 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
N/A
margin business (if applicable)
Whether there was a buy-back agreement dealing in the report period or not for top 10 common shareholders and top 10 un-restricted
common shareholders
□Yes √ No
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Section III. Important events
I. Particulars and explanations about significant changes in main accounting statements and
financial indexes
√Applicable □ Not applicable
Unit: RMB
Increased/Decreased
Items of balance sheet Note 30 September 2014 31 December 2013 Rate
amount
Account receivable (1) 408,906,094 136,430,683 272,475,411 200%
Other account receivable (2) 22,539,756 109,366,023 -86,826,267 -79%
Other current assets (3) 170,723,700 1,021,464,095 -850,740,395 -83%
Fixed assets (4) 9,494,430,133 7,979,937,683 1,514,492,450 19%
Construction in progress (5) 2,052,336,638 2,762,418,100 -710,081,462 -26%
Intangible assets (6) 946,038,722 933,329,528 12,709,194 1%
Deferred income tax assets (7) 101,412,275 164,787,158 -63,374,883 -38%
Interest payable (8) 132,275,505 60,767,534 71,507,971 118%
Other account payable (9) 141,958,526 557,130,583 -415,172,057 -75%
Non-current liability due (10) 141,395,245 399,849,715 -258,454,470 -65%
within one year
From 1 January to 30 From 1 January to 30 Increased/Decreased
Items of profit statement Note Rate
September 2014 September 2013 amount
Operating revenue (11) 5,148,947,434 5,651,645,278 -502,697,844 -9%
Investment income (12) 324,518,883 432,000 324,086,883 75,020%
Income tax expenses (13) 87,445,381 198,115,399 -110,670,018 -56%
Other comprehensive (14) 101,663,642 -3,482,748 105,146,390 —
income
Notes:
(1) The increase of account receivable was mainly because operating revenue increased (excluding fine glass industry) in the report
period, Wujiang Solar Energy project came into commercial operation and the effort to collect receivable payment was intensified at
the end of last year while it was normal in the report period.
(2) The decrease of other account receivable was mainly because fire indemnity of Dongguan CSG PV, which was receivable at the
end of last period, was received in the report period.
(3) The decrease of other current assets was mainly due to the long-term assets possessed by Shenzhen CSG at the end of last year
transferred into held-for-sale, and equity transfer procedure of Shenzhen CSG was completed in the report period.
(4) The increase of fixed assets was mainly because construction in process of some subsidiaries was transferred into fixed assets.
(5) The decrease of construction in process was mainly because construction in process of some subsidiaries was transferred into
fixed assets.
(6) The increase of intangible assets increase was mainly due to outsourcing of intangible assets in some subsidiaries and R&D of
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
some subsidiaries changed into patents.
(7) The decrease of deferred income tax assets was mainly because consolidation scope changed due to equity of Shenzhen CSG
transferred in the report period.
(8) The increase of interest payable was mainly because the provision for bond interest payable in the report period has not been paid
yet.
(9) The decrease of other account payable was mainly because the advance of Shenzhen CSG equity transfer was counted in this item,
while the equity transfer procedures was completed in the report period.
(10) The decrease of non-current liabilities due within one year was mainly because part of bank loan was due for payment.
(11) The decrease of operating revenue was mainly because CSG Shenzhen Display was excluded in the consolidation scope of the
Group due to part of the equity was sold at the end of last year.
(12) The increase of investment income was mainly due to the transfer of Shenzhen CSG in the report period.
(13) The decrease of income tax expenses was mainly because CSG Shenzhen Display was excluded in the consolidation scope of
the Group due to part of the equity was sold at the end of last year. In addition, part of the subsidiaries obtained high-tech enterprise
certification with preferential tax rate this year.
(14) The increase of other comprehensive income was mainly because the fair value of financial asset available for sale of the
Company increased.
II. The progress of material events and the impact and the analysis of solutions
√Applicable □ Not applicable
1. Sales of stock odd lots
The Company has 139,745 stock odd lots arising from implementation of dividend distribution, and the shares are recorded in
specific account of Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. (“CSDC” for short). In order to solve the
stock odd lots matter left over by history, according to the requirement of China Securities Regulatory Commission, the Company
signed an agreement of Listed Companies Entrust Shenzhen Branch of CSDC to sell Odd Lots and authorized CSDC to sell Odd Lots.
In August 2014, net income of RMB 1,045,450 was received and classified into capital reserve account in accordance with the
provisions.
2.Details of other events as follow:
Overview Disclosure date Indexes of website for interim Notice
The CSG planned to transfer 100% equity The Notice (Notice No.: 2013-028) was published on China
of Shenzhen CSG Float Glass Co., Ltd. to Securities Journal, Securities Times, Hong Kong
2013-09-28
Jinshidai Investment Consultant Commercial Daily and Juchao Website
(Shenzhen) Co., Ltd. (www.cninfo.com.cn)
The Notice (Notice No.: 2014-027) was published on China
Rescind the Incentive Plan of Restricted Securities Journal, Securities Times, Hong Kong
2014-8-5
A-share (Draft) Commercial Daily and Juchao Website
(www.cninfo.com.cn)
III. Commitments made by the Company or shareholders holding above 5% shares of the
Company in the report period or made in previous period and extending to the report period.
√Applicable □ Not applicable
Commitments Promisee Content of commitments Commit-me Com Imple
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
nt date mit- ment-
ment ation
term
The Company has implemented share merger By
reform in May 2006. Till June 2008, the share the
The of the original non-tradable shareholders end
original which holding over 5% total shares of the of the
non-tradab Company had all released. Therein, the report
le original non-tradable shareholder Shenzhen perio
shareholde International Holdings (SZ) Limited and Xin d, the
r Tong Chan Industrial Development above
Shenzhen (Shenzhen) Co., Ltd. both are wholly-funded share
Internation subsidiaries to Shenzhen International holde
al Holdings Limited (hereinafter Shenzhen rs of
Commitments for
Holdings International for short) listed in Hong Kong 2006-5-22 N/A the
Share Merger Reform
(SZ) united stock exchange main board. Shenzhen Com
Limited International made commitment that it would pany
and Xin strictly carry out related regulations of had
Tong Chan Securities Law, Administration of the strictl
Industrial Takeover of Listed Companies Procedures y
Developm and Guiding Opinions on the Listed carrie
ent Companies’ Transfer of Original Shares d out
(Shenzhen Released from Trading Restrictions issued by their
) Co., Ltd. CSRC during implementing share promi
decreasingly-held plan and take information ses.
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
IV. Prediction of business performance of the year 2014
Alert of loss or significant change in accumulative 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 √Not applicable
V. Reception of research, communication and interview in the report period
√Applicable □ Not applicable
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Contents discussed and
Time Place Way Type Reception
material provided
Introduced the operation
The Field HSBC Global Assets Management (H.K.) Co., Ltd.,
2014-5-28 Institution condition of the Company
Company research Macquarie Bank Limited
disclosed
Rongtong Fund Management Co., Ltd., Essence
Securities Co., Ltd., Shenzhen Jingjiantou Holding
Limited, Founder Securities Co., Ltd., Minsheng
Introduced the operation
The Field Tonghui Asset Management Co., Ltd., First State
2014-8-19 Institution condition of the Company
Company research Cinda Fund Management Co., Ltd., Beijing Xingshi
disclosed
Investment Management Co., Ltd., Guangzhou Shize
Investment Management Co., Ltd., and Houde
Investment (China) Limited
VI. The impacts of new or revised accounting standards on the consolidated financial
statements of the company
The impacts of the change in accounting policy on the company are as follows:
1. The relevant circumstances of implementation of "Enterprise Accounting Standards No. 2 - Long-term equity investment"
The revised standards adjust or clarify the accounting methods of the consolidated financial statements for the following transaction,
and require retroactive adjustment:
(1) due to the factors such as added additional investment which can exert significant influence or implement joint control on the
investee but does not constitute control;
(2) partly loss of joint control or significant influence on the investee due to the disposal of investment
The company holds stocks of Guangdong Golden Glass Technologies Limited (the "Golden Glass"). On April 23, 2011 the Company
no longer had a significant impact on Golden Glass due to the change of directors. Hence the company's accounting methods changed
from “long-term equity investment - equity method of accounting” to “ financial instruments - recognition and measurement of
financial assets available for sale”. By April 23, 2011 the difference between the fair value of the shares held by the company and the
book value of the original long-term equity investments has included in capital surplus, while the changes in accounting standards in
2014, this difference should be recognized as return on investment.
Impacts on consolidated balance sheet in previous periods based on the change in accounting policy by retroactively adjusted are as
follows:
Impact dated 1 January 2013 Impact dated 31 December 2013
Invested entity
Capital reserve Retained profit Capital reserve Retained profit
Golden Glass -112,417,641 112,417,641 -112,417,641 112,417,641
Consolidated net profit from January to September 2014 before and after the change in accounting policy are as follows:
Net investment income
Invested entity
After change (Jan.-Sept. 2014) Before change (Jan.-Sept. 2014) Impact before and after the change
Golden Glass 2,036,611 17,029,935 -14,993,324
2. Relevant circumstances of implementation of "Enterprise Accounting Standards No. 30 - Presentation of Financial Statements"
According to the new standards, other comprehensive income in the income statement should be itemized, deferred income and other
9
CSG HOLDING CO., LTD. The Third Quarter Report 2014
comprehensive income in balance sheet shall be presented separately. The company's current financial statements have implemented
and the financial data in comparable financial period have been restated.
3. the relevant circumstances of implementation of "Enterprise Accounting Standards No. 33 - Consolidated Financial Statements",
"Enterprise Accounting Standards No. 9 - Employee Benefits," "Enterprise Accounting Standards No. 39 - Fair Value Measurements",
"Enterprise Accounting Standards No. 40 - JV arrangement "," Enterprise Accounting Standards No. 41 - Disclosure of interests in
other entities”
Consolidated financial statements on employee benefits, measured at fair value, joint venture arrangements and the related business
and other matters disclosed of the interests in other entities in 2013 annual financial statements and current financial statements of the
Company have been conducted in accordance with above new standards. The implementation of new standards has no impacts on the
company's 2013 annual shareholders' equity and net income and current financial statements.
4. Due to the change in accounting policy, in accordance with "Enterprise Accounting Standards No. 28 - Accounting policies,
changes in accounting estimates and correction of errors" and other provisions, the 2014 annual report of the Company will report 3
terms of balance sheets which are 2014 period, beginning in 2013, the end of 2013 and 2 terms for the year 2013, 2014 of other
statements (income statement, cash flow statement and changes in equity) and the related notes.
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Section IV. Financial Report
I .Financial Statements
All figures in the Notes to the Financial Statements are in RMB.
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Ending balance Beginning balance
Current asset:
Monetary capital 289,230,580 279,672,523
Settlement provision
Outgoing call loan
Financial assets measured at fair value and of which
changes are recorded into current gains and losses
Notes receivable 258,828,902 323,889,490
Account receivable 408,906,094 136,430,683
Prepayment 96,177,919 73,378,329
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 22,539,756 109,366,023
Repurchasing of financial assets
Inventories 422,538,287 378,684,712
Liabilities held for sale
Non-current asset due in 1 year
Other current asset 170,723,700 1,021,464,095
Total of current asset 1,668,945,238 2,322,885,855
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset 224,960,400 122,760,000
Expired investment in possess
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Long-term receivable
Long-term share equity investment 755,771,768 770,037,176
Investment real estates
Fixed assets 9,494,430,133 7,979,937,683
Construction in process 2,052,336,638 2,762,418,100
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 946,038,722 933,329,528
R&D expense 11,506,665 9,881,310
Goodwill 3,039,946 3,039,946
Long-term amortizable expenses 2,633,666 3,280,021
Differed income tax asset 101,412,275 164,787,158
Other non-current asset 6,510,000 6,510,000
Total of non-current assets 13,598,640,213 12,755,980,922
Total of assets 15,267,585,451 15,078,866,777
Current liabilities
Short-term loans 1,933,693,229 1,424,743,800
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value and of which
changes are recorded into current gains and losses
Notes payable 11,500,000 4,429,188
Account payable 1,080,701,558 981,616,449
Prepayment received 157,067,978 160,689,070
Selling of repurchased financial assets
Fees and commissions payable
Employees’ wage payable 136,787,310 166,377,238
Tax payable 94,061,175 160,754,703
Interest payable 132,275,505 60,767,534
Dividend payable 687,627
Other account payable 141,958,526 557,130,583
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sale
Non-current liability due in 1 year 141,395,245 399,849,715
Other current liability 955,661 300,000
Total of current liability 3,830,396,187 3,917,345,907
Non-current liabilities
Long-term borrowings 416,734,123 302,904,204
Bond payable 1,994,500,514 1,991,041,175
Long-term payable
Special payable
Anticipated liabilities
Differed income tax liability 55,467,243 34,298,029
Other non-recurring liabilities 453,127,585 432,364,880
Total of non-current liabilities 2,919,829,465 2,760,608,288
Total of liability 6,750,225,652 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 1,340,891,080 1,345,450,916
Less: Shares in stock
Special reserves 15,280,122 14,503,860
Other comprehensive income 33,226,242 -68,437,400
Surplus reserves 765,048,720 765,048,720
Common risk provision
Retained profit 4,030,680,456 3,915,992,483
Total of owner’s equity belong to the parent company 8,260,462,180 8,047,894,139
Minor shareholders’ equity 256,897,619 353,018,443
Total of owners’ equity (or shareholders’ equity) 8,517,359,799 8,400,912,582
Total of liability and shareholders’ equity (or owners’
15,267,585,451 15,078,866,777
equity)
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 2014
2. Balance Sheet of the Parent Company
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Ending balance Beginning balance
Current asset:
Monetary capital 112,827,203 129,337,516
Financial assets measured at fair value and of which
changes are recorded into current gains and losses
Notes receivable
Account receivable
Prepayment
Interest receivable
Dividend receivable
Other account receivable 3,714,938,370 3,082,240,537
Inventories
Liabilities held for sale
Non-current asset due in 1 year
Other current asset
Total of current asset 3,827,765,573 3,211,578,053
Non-current assets
Available-for-sale financial asset 196,321,320 94,156,920
Expired investment in possess
Long-term receivable 1,701,290,000 1,953,745,783
Long-term share equity investment 4,511,057,504 4,966,621,199
Investment real estates
Fixed assets 34,121,016 38,163,267
Construction in process
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 2,316,786 2,649,635
R&D expense
Goodwill
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Long-term amortizable expenses 1,907,600 2,424,621
Differed income tax asset
Other non-current asset
Total of non-current assets 6,447,014,226 7,057,761,425
Total of assets 10,274,779,799 10,269,339,478
Current liabilities
Short-term loans 1,681,000,000 1,255,000,000
Financial liabilities measured at fair value and of which
changes are recorded into current gains and losses
Notes payable
Account payable 537,318 923,245
Prepayment received
Employees’ wage payable 42,858,182 55,932,331
Tax payable 1,291,574 26,978,661
Interest payable 55,934,121 18,800,998
Dividend payable 687,627
Other account payable 290,359,891 829,844,788
Liabilities held for sale
Non-current liability due in 1 year 150,000,000
Other current liability
Total of current liability 2,071,981,086 2,338,167,650
Non-current liabilities
Long-term borrowings 156,000,000
Bond payable 1,994,500,514 1,991,041,175
Long-term payable
Special payable
Anticipated liabilities
Differed income tax liability 44,670,080 19,128,980
Other non-current liabilities 11,792,800 11,792,800
Total of non-current liabilities 2,206,963,394 2,021,962,955
Total of liability 4,278,944,480 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 1,403,625,019 1,402,034,992
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Less: Shares in stock
Special reserves
Other comprehensive income 27,126,050 -49,497,250
Surplus reserves 779,594,080 779,594,080
Common risk provision
Retained profit 1,710,154,610 1,701,741,491
Total of owners’ equity (or shareholders’ equity) 5,995,835,319 5,909,208,873
Total of liability and shareholders’ equity (or owners’
10,274,779,799 10,269,339,478
equity)
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
3. Consolidated income statement for the report period
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
I. Total revenue 1,886,265,762 2,114,679,495
Incl. Business income 1,886,265,762 2,114,679,495
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,720,630,421 1,761,346,267
Incl. Business cost 1,417,163,510 1,470,567,648
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 8,535,114 12,161,293
Sales expense 75,627,822 66,187,447
Administrative expense 153,083,654 151,273,988
Financial expenses 63,563,101 63,215,026
Asset impairment loss 2,657,220 -2,059,135
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CSG HOLDING CO., LTD. The Third Quarter Report 2014
Plus: gains from change of fair value (“-“for loss)
Investment gains (“-“ for loss) 3,756,812
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 169,392,153 353,333,228
Plus: non-operational income 24,144,928 48,209,438
Less: non-operational expenditure 4,159,950 335,950
Incl. Loss from disposal of non-current assets 385,390 211,620
IV. Total profit (“-“ for loss) 189,377,131 401,206,716
Less: Income tax expenses 26,447,975 84,387,184
V. Net profit (“-“ for net loss) 162,929,156 316,819,532
Including: Net profit realized by the entity taken over
before the takeover
Net profit attributable to the owners of parent company 148,078,202 273,932,669
Minor shareholders’ equity 14,850,954 42,886,863
VI. Earnings per share: -- --
(I) Basic earnings per share 0.07 0.13
(II) Diluted earnings per share 0.07 0.13
VII. Other misc. incomes 90,559,507 6,786,471
Including: Other comprehensive incomes items that cannot
be reclassified as gains and losses in the subsequent
accounting periods
Other comprehensive incomes items that will be
reclassified as gains and losses in the subsequent 90,559,507 6,786,471
accounting periods as relevant requirements are met
VIII. Total of misc. incomes 253,488,663 323,606,003
Total of misc. incomes attributable to the owners of the
238,637,709 280,719,084
parent company
Total misc gains attributable to the minor shareholders 14,850,954 42,886,919
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
4. Income statement of the Company for the report period
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
17
CSG HOLDING CO., LTD. The Third Quarter Report 2014
I. Turnover 0 0
Less: Operation cost 0 0
Business tax and surcharge
Sales expense
Administrative expense 20,510,715 18,694,888
Financial expenses 34,643,127 11,269,214
Asset impairment loss 1,270 4,078
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 3,995,656 75,685,182
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) -51,159,456 45,717,002
Plus: Non business income 717,752 12,285
Less: Non-business expenses 2,701,800 2,839
Incl. Loss from disposal of non-current assets 2,839
III. Total profit (“-“ for loss) -53,143,504 45,726,448
Less: Income tax expenses
IV.Net profit (“-“ for net loss) -53,143,504 45,726,448
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains 69,064,515 5,145,207
Including: Other comprehensive incomes items that cannot
be reclassified as gains and losses in the subsequent
accounting periods
Other comprehensive incomes items that will be
reclassified as gains and losses in the subsequent 69,064,515 5,145,207
accounting periods as relevant requirements are met
VII. Total of integrated income 15,921,011 50,871,655
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Items Balance of this period Balance of last period
18
CSG HOLDING CO., LTD. The Third Quarter Report 2014
I. Total revenue 5,148,947,434 5,651,645,278
Incl. Business income 5,148,947,434 5,651,645,278
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 4,681,563,328 4,813,081,700
Incl. Business cost 3,855,756,514 3,985,245,701
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 24,956,912 35,397,059
Sales expense 189,942,902 194,130,191
Administrative expense 433,277,674 415,288,040
Financial expenses 172,588,729 182,853,289
Asset impairment loss 5,040,597 167,420
Plus: gains from change of fair value (“-“for loss)
Investment gains (“-“ for loss) 324,518,883 432,000
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 791,902,989 838,995,578
Plus: non-operational income 81,428,182 96,501,015
Less: non-operational expenditure 5,759,686 8,731,152
Incl. Loss from disposal of non-current assets 1,831,564 499,831
IV. Total profit (“-“ for loss) 867,571,485 926,765,441
Less: Income tax expenses 87,445,381 198,115,399
V. Net profit (“-“ for net loss) 780,126,104 728,650,042
Including: Net profit realized by the entity taken over
before the takeover
Net profit attributable to the owners of parent company 737,288,641 627,652,415
Minor shareholders’ equity 42,837,463 100,997,627
19
CSG HOLDING CO., LTD. The Third Quarter Report 2014
VI. Earnings per share: -- --
(I) Basic earnings per share 0.36 0.30
(II) Diluted earnings per share 0.36 0.30
VII. Other misc. incomes 101,663,642 -3,482,748
Including: Other comprehensive incomes items that cannot
be reclassified as gains and losses in the subsequent
accounting periods
Other comprehensive incomes items that will be
reclassified as gains and losses in the subsequent 101,663,642 -3,482,748
accounting periods as relevant requirements are met
VIII. Total of misc. incomes 881,789,746 725,167,294
Total of misc. incomes attributable to the owners of the
838,952,283 624,169,788
parent company
Total misc gains attributable to the minor shareholders 42,837,463 100,997,506
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
6. Income statement of the Company for Jan.-Sept. 2014
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
Administrative expense 63,248,954 41,489,374
Financial expenses 89,617,240 28,792,555
Asset impairment loss 2,479 -770,213
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 775,537,902 612,760,982
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 622,669,229 543,948,770
Plus: Non business income 1,583,968 6,339,325
Less: Non-business expenses 2,701,800 6,580
Incl. Loss from disposal of non-current assets 6,580
III. Total profit (“-“ for loss) 621,551,397 550,281,515
20
CSG HOLDING CO., LTD. The Third Quarter Report 2014
Less: Income tax expenses -9,462,390 0
IV.Net profit (“-“ for net loss) 631,013,787 550,281,515
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains 76,623,300 -1,642,620
Including: Other comprehensive incomes items that cannot
be reclassified as gains and losses in the subsequent
accounting periods
Other comprehensive incomes items that will be
reclassified as gains and losses in the subsequent 76,623,300 -1,642,620
accounting periods as relevant requirements are met
VII. Total of integrated income 707,637,087 548,638,895
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
7. Consolidated cash flow statement for Jan.-Sept. 2014
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
5,825,485,483 6,441,452,937
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
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 31,533,095 36,380,170
Other cash received from business operation 42,980,209 127,597,354
21
CSG HOLDING CO., LTD. The Third Quarter Report 2014
Sub-total of cash inflow from business activities 5,899,998,787 6,605,430,461
Cash paid for purchasing of merchandise and services 3,578,307,591 3,908,509,052
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 590,090,786 624,712,597
Taxes paid 447,023,632 630,278,495
Other cash paid for business activities 326,798,515 344,426,757
Sub-total of cash outflow from business activities 4,942,220,524 5,507,926,901
Cash flow generated by business operation, net 957,778,263 1,097,503,560
II. Cash flow generated by investing
Cash received from investment retrieving 27,551,490 424,980,000
Cash received as investment profit 26,778,821 432,000
Net cash retrieved from disposal of fixed assets, intangible
26,296,167 15,845,601
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
463,160,123 210,000,000
operational units
Other investment-related cash received 152,244,310 223,410,169
Sub-total of cash inflow due to investment activities 696,030,911 874,667,770
Cash paid for construction of fixed assets, intangible assets
1,481,073,373 1,523,354,361
and other long-term assets
Cash paid as investment 125,001,894
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
39,001,200
units
Other cash paid for investment activities 19,223,163 7,000,000
Sub-total of cash outflow due to investment activities 1,625,298,430 1,569,355,561
Net cash flow generated by investment -929,267,519 -694,687,791
III. Cash flow generated by financing
Cash received as investment 33,636,000 29,011,757
Incl. Cash received as investment from minor shareholders 33,636,000 29,011,757
Cash received as loans 4,232,426,249 2,420,546,594
22
CSG HOLDING CO., LTD. The Third Quarter Report 2014
Cash received from bond placing
Other financing-related cash received 355,928,909 21,963,065
Subtotal of cash inflow from financing activities 4,621,991,158 2,471,521,416
Cash to repay debts 3,868,101,383 2,119,935,939
Cash paid as dividend, profit, or interests 769,783,652 535,919,793
Incl. Dividend and profit paid by subsidiaries to minor
55,550,039 145,358,190
shareholders
Other cash paid for financing activities 5,095,674 3,227,747
Subtotal of cash outflow due to financing activities 4,642,980,709 2,659,083,479
Net cash flow generated by financing -20,989,551 -187,562,063
IV. Influence of exchange rate alternation on cash and cash
-811,459 -2,777,444
equivalents
V. Net increase of cash and cash equivalents 6,709,734 212,476,262
Plus: Balance of cash and cash equivalents at the beginning
276,450,869 447,736,537
of term
VI. Balance of cash and cash equivalents at the end of term 283,160,603 660,212,799
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
8. Cash flow statement of the Company for Jan.-Sept. 2014
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 operation 1,516,991 4,802,370
Sub-total of cash inflow from business activities 1,516,991 4,802,370
Cash paid for purchasing of merchandise and services 1,500 2,615,637
Cash paid to staffs or paid for staffs 55,401,137 14,523,157
Taxes paid 17,013,717 277,732
Other cash paid for business activities 15,909,895 11,509,008
Sub-total of cash outflow from business activities 88,326,249 28,925,534
Cash flow generated by business operation, net -86,809,258 -24,123,164
23
CSG HOLDING CO., LTD. The Third Quarter Report 2014
II. Cash flow generated by investing
Cash received from investment retrieving 424,980,000
Cash received as investment profit 552,876,473 583,797,208
Net cash retrieved from disposal of fixed assets, intangible
294
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
468,000,000 115,000,000
operational units
Other investment-related cash received 240,000 6,317,040
Sub-total of cash inflow due to investment activities 1,021,116,767 1,130,094,248
Cash paid for construction of fixed assets, intangible assets
544,801 15,321,209
and other long-term assets
Cash paid as investment 212,278,929 335,178,626
Net cash received from subsidiaries and other operational
39,001,200
units
Other cash paid for investment activities 21,807,800
Sub-total of cash outflow due to investment activities 212,823,730 411,308,835
Net cash flow generated by investment 808,293,037 718,785,413
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 4,338,944,491 2,314,288,442
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 4,338,944,491 2,314,288,442
Cash to repay debts 3,906,944,491 957,288,442
Cash paid as dividend, profit, or interests 676,247,501 316,114,952
Other cash paid for financing activities 494,855,576 1,523,064,787
Subtotal of cash outflow due to financing activities 5,078,047,568 2,796,468,181
Net cash flow generated by financing -739,103,077 -482,179,739
IV. Influence of exchange rate alternation on cash and cash
-82,654 2,218,660
equivalents
V. Net increase of cash and cash equivalents -17,701,952 214,701,170
Plus: Balance of cash and cash equivalents at the beginning
129,337,516 139,915,851
of term
VI. Balance of cash and cash equivalents at the end of term 111,635,564 354,617,021
Legal Representative：Zeng Nan CFO：Luo Youming Manager of the financial department：Zhang Guoming
24
CSG HOLDING CO., LTD. The Third Quarter Report 2014
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.
29 October 2014
25
