The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Stock abbreviation: SHEN SEG A, SHEN SEG B Notice No.: 2024-029
Shenzhen SEG Co., Ltd.
The First Quarterly Report for 2024
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and
complete, and there are no false records, misleading statements or material omissions.
Important Notice:
1. The Board of Directors, the Board of Supervisors and the Directors, Supervisors and senior management guarantee that the
quarterly report is true, accurate and complete, without any false records, misleading statements or material omissions, and that
they assume individual and joint legal responsibility.
2. The person in charge of the Company, head of accounting work and head of accounting institution (accounting officer in
charge) declare that they guarantee the truthfulness, accuracy and completeness of the financial information in the quarterly report.
3. Whether the First Quarterly Report has been audited
□ Yes No
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes No
Changes over same period of
Current period Same period of previous year
previous year
Operating income (yuan) 414,161,145.61 445,269,320.85 -6.99%
Net profit attributable to
shareholders of the listed 24,867,650.31 32,905,373.52 -24.43%
company (yuan)
Net profit attributable to
shareholders of the listed
company after deducting non- 24,648,777.29 30,118,279.30 -18.16%
recurring profit and loss
(yuan)
Net cash flow from operating
-42,261,121.35 -18,380,969.22 -129.92%
activities (yuan)
Basic earnings per share
0.0202 0.0267 -24.34%
(yuan/share)
Diluted earnings per share
0.0202 0.0267 -24.34%
(yuan/share)
Weighted average return on
1.23% 1.69% -0.46%
equity
Changes over end of previous
End of current period End of previous year
year
Total assets (yuan) 5,351,979,268.88 5,380,146,949.27 -0.52%
Owner's equity attributable to
shareholders of the listed 2,029,736,340.63 2,006,490,243.66 1.16%
company (yuan)
(II) Non-recurring items and amounts
Applicable □ Not applicable
Unit: RMB/yuan
Item Amount of current period Description
Profits or losses from the disposal of
non-current asset (including the write-off -97,998.41
that accrued for impairment of assets)
Governmental subsidy included in
current profit and loss (excluding the
governmental subsidies closely related to
the Company's normal operating
business that conform to national policies 209,311.48
and are enjoyed continuously in
accordance with certain standard rating
or quota)
Profits/losses from assets entrusted to 569,481.11
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
others for investment or management
Trustee fee from entrusted operations 31,026.40
Other non-operating income and expense
except for the above items -254,360.62
Other profit and loss items that qualify
the definition of non-recurring profit and 64,982.59
loss
Less: Affected income tax 85,319.63
Affected minority equity (after-tax) 218,249.90
Total 218,873.02 --
Details of other profit and loss items that qualify the definition of non-recurring profit and loss
Applicable □ Not applicable
For investment income calculated through the equity method, the Company discloses the non-recurring profit and loss of Huakong
SEG Co., Ltd. enjoyed based on shareholding as its non-recurring profit and loss.
Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss
items during the reporting period
Applicable □ Not applicable
Item Amount (yuan) Reason
Additional input VAT credits deduction Comply with national policies and
383,197.76
and exemption regulations and occur continuously
Handling fee refund for withholding Comply with national policies and
189,226.83
individual income tax regulations and occur continuously
(III) Changes of main accounting data and financial indicators and reasons for the changes
Applicable □ Not applicable
(I) Consolidated balance sheet
Unit: RMB/yuan
Changes over
Item Closing balance Opening balance Difference Reason for the difference
the period
Mainly due to the Company’s
Financial assets held for
155,683,592.18 52,779,414.11 102,904,178.07 194.97% purchase of wealth management
trading
products
Mainly due to withdrawal of large-
Non-current assets due
0.00 83,165,555.49 -83,165,555.49 -100.00% denomination Certificate of
within one year
Deposit
Mainly due to changes in fair value
Other comprehensive
-6,045,803.96 -4,424,250.62 -1,621,553.34 -36.65% of the Company's investments in
income
other equity instruments
(II) Consolidated income statement
Unit: RMB/yuan
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Amount of the Changes over
Amount of the same period of the same period
Item Difference Reason for the difference
current period the previous of the previous
year year
Mainly due to the year-on-year
Other income 781,736.07 2,953,995.38 -2,172,259.31 -73.54% decrease in government subsidies
received in the current period
Mainly due to the year-on-year
decrease in income from wealth
Investment income -2,612,244.01 -1,399,447.34 -1,212,796.67 -86.66%
management products recognized by
the Company in the current period
Mainly due to the increase in the
Credit impairment loss 5,212.64 1,400.00 3,812.64 272.33% write-back of bad debts in the current
period
Mainly due to the year-on-year
decrease in government subsidies that
Non-operating income 321,660.10 804,286.03 -482,625.93 -60.01% are not related to daily activities and
received by the Company in the
current period
(III) Consolidated cash flow statement
Unit: RMB/yuan
Amount of the Changes over
Amount of the same period of the same period
Item Difference Reason for the difference
current period the previous of the previous
year year
Mainly due to the year-on-year decrease
Net cash flows from in cash received from selling
-42,261,121.35 -18,380,969.22 -23,880,152.13 -129.92%
operating activities commodities and offering labor in the
current period
Mainly due to the year-on-year increase
Net cash flows from in the net value of the wealth
-30,233,048.04 34,275,229.56 -64,508,277.60 -188.21%
investing activities management products purchased by the
Company in the current period
Mainly due to the year-on-year decrease
Net increase in cash in net cash flows generated from
-86,314,320.43 -3,102,976.95 -83,211,343.48 -2681.66%
and cash equivalents operating activities and investing
activities in the current period
II. Shareholder Information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights were
resumed and shareholdings of top 10 shareholders
Unit: share
Total number of preferred shareholders whose voting
Total number of ordinary shareholders
66,658 rights were resumed at the end of the reporting period 0
at the end of the reporting period
(if any)
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)
Shareho Number Pledged, marked or frozen
Name of Nature of lding of
Number of shares
shareholder shareholder percenta restricted Share status Number
ge (%) shares
Shenzhen SEG State-owned
56.54% 696,163,182.00 0.00 Not applicable 0.00
Group Co., Ltd. legal person
Liu Guocheng Domestic 0.60% 7,442,702.00 0.00 Not applicable 0.00
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
natural person
LISHERYNZHAN Foreign natural
0.55% 6,712,100.00 0.00 Not applicable 0.00
MING person
Hong Kong
Foreign legal
Securities Clearing 0.44% 5,445,478.00 0.00 Not applicable 0.00
person
Co., Ltd.
Domestic
Liu Guohong 0.31% 3,773,846.00 0.00 Not applicable 0.00
natural person
Domestic
Li Xiaosong 0.30% 3,636,577.00 0.00 Not applicable 0.00
natural person
Foreign natural
Gong Qianhua 0.24% 2,940,000.00 0.00 Not applicable 0.00
person
Domestic
Wang Jinjun 0.17% 2,100,000.00 0.00 Not applicable 0.00
natural person
Domestic
Xu Yueying 0.16% 2,017,000.00 0.00 Not applicable 0.00
natural person
Domestic
Su Yi 0.12% 1,530,613.00 0.00 Not applicable 0.00
natural person
Top 10 shareholders not subject to selling restrictions
Type
Name of shareholder Number of unrestricted shares
Type Number
RMB-
Shenzhen SEG Group Co., Ltd. 696,163,182.00 denominated 696,163,182.00
ordinary shares
Domestic listed
Liu Guocheng 7,442,702.00 7,442,702.00
foreign shares
Domestic listed
LISHERYNZHANMING 6,712,100.00 6,712,100.00
foreign shares
RMB-
Hong Kong Securities Clearing Co.,
5,445,478.00 denominated 5,445,478.00
Ltd.
ordinary shares
Domestic listed
Liu Guohong 3,773,846.00 3,773,846.00
foreign shares
RMB-
Li Xiaosong 3,636,577.00 denominated 3,636,577.00
ordinary shares
Domestic listed
Gong Qianhua 2,940,000.00 2,940,000.00
foreign shares
Domestic listed
Wang Jinjun 2,100,000.00 2,100,000.00
foreign shares
Domestic listed
Xu Yueying 2,017,000.00 2,017,000.00
foreign shares
Domestic listed
Su Yi 1,530,613.00 1,530,613.00
foreign shares
There is no related party relationship between SEG Group and other
Description on the related relationship or persons shareholders, nor are they persons acting in concert as stipulated in the
acting-in-concert arrangements among the above Administrative Measures on Acquisition of Listed Companies. It is
shareholders unknown to the Company whether other shareholders are related parties or
persons acting in concert.
Description on the top 10 shareholders’ Li Xiaosong, a domestic natural person, holds 3,636,577 shares of the
participation in margin trading and securities Company, all through the credit account of margin trading and securities
lending business (if any) lending investors.
Participation of margin securities loan by top 10 shareholders
□ Applicable Not applicable
Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
return of shares lent through margin securities loan
□ Applicable Not applicable
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders
□ Applicable Not applicable
III. Other Significant Events
Applicable □ Not applicable
Overview Date of disclosure Website index for interim reports disclosed
"Notice on the Progress of Litigation and Arbitration
1. Litigation and arbitration involving
January 3, 2024 Involving Holding Second-tier Subsidiary" released on
holding second-tier subsidiary Juchao Website (http://www.cninfo.com.cn/)
"Notice on the Provision of Financial Assistance to Its
Shareholder by Holding Subsidiary Changsha SEG
December 12, 2018
Development Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Resolution of the 6th Interim General
December 28, 2018 Meeting in 2018" released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Progress of Providing Financial Assistance to
Its Shareholder by Holding Subsidiary Changsha SEG
January 22, 2022 Development Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
2. Provision of financial assistance to its
shareholder by holding subsidiary Changsha "Notice on the Progress of Providing Financial Assistance to
SEG Development Co., Ltd. Its Shareholder by Holding Subsidiary Changsha SEG
March 2, 2022 Development Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Progress of Providing Financial Assistance to
Its Shareholder by Holding Subsidiary Changsha SEG
April 30, 2022 Development Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Progress of Providing Financial Assistance to
Its Shareholder by Holding Subsidiary Changsha SEG
January 3, 2024 Development Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Resolution of the 46th Interim Meeting of the
8th Board of Directors" and "Notice on the Subsidiary’s
September 16, 2023
Plan to Sell Stock Assets" released on Juchao Website
(http://www.cninfo.com.cn/)
3. Subsidiary’s plan to sell stock assets
"Notice on the Progress of the Subsidiary’s Sale of Stock
January 3, 2024 Assets" released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Resolution of the 49th Interim Meeting of the
8th Board of Directors", "Revision Draft of 'Articles of
4. Amendment of the "Articles of
January 6, 2024 Association'" and "Revision Comparison Table for the
Association"
'Articles of Association'" released on Juchao Website
(http://www.cninfo.com.cn/)
6
The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
"Notice on the Resolution of the 1st Interim General
January 23, 2024 Meeting in 2024" and "Articles of Association" released on
Juchao Website (http://www.cninfo.com.cn/)
"Notice on the By-Election of Independent Directors of the
Company", "Notice on the Resolution of the 50th Interim
Meeting of the 8th Board of Directors ", "Statement and
Commitment of the Nominated Independent Director of
January 20, 2024
Shenzhen SEG Co., Ltd. ", and "Statement and Commitment
5. By-election of the Company's of the Independent Director Candidate of Shenzhen SEG
independent directors Co., Ltd." released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Resolution of the 2nd Interim General
February 7, 2024 Meeting in 2024" released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Resolution of the 50th Interim Meeting of the
8th Board of Directors" and "Guarantee Management
January 20, 2024
Measures" released on Juchao Website
6. Revision of the Guarantee Management (http://www.cninfo.com.cn/)
Measures
"Notice on the Resolution of the 2nd Interim General
February 7, 2024 Meeting in 2024" and "Guarantee Management Measures"
released on Juchao Website (http://www.cninfo.com.cn/)
7. Performance Forecast for 2023 "Performance Forecast for 2023" released on Juchao
January 27, 2024
Website (http://www.cninfo.com.cn/)
8. Purchase of wealth management products "Notice on Purchasing Wealth Management Products with
with own idle funds March 29, 2024 Own Idle Funds" released on Juchao Website
(http://www.cninfo.com.cn/)
"Notice on the Company's Provision for Impairment of
9. Asset impairment provision for 2023 March 29, 2024 Various Assets for 2023" released on Juchao Website
(http://www.cninfo.com.cn/)
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2024
Unit: RMB/yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 1,061,654,731.32 1,166,956,285.34
Provision for settlement
Lending funds
Trading financial assets 155,683,592.18 52,779,414.11
Derived financial assets
Notes receivable 13,500,381.30 12,063,057.15
Accounts receivable 347,303,755.74 302,691,765.12
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Financing of accounts receivable 1,337,973.85 1,337,973.85
Prepayment 3,636,696.34 3,706,720.47
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 78,748,473.83 77,657,467.60
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1,630,351,790.42 1,606,158,355.62
Including: Data resources
Contract assets 12,288,189.73 13,174,295.92
Held-for-sale assets
Non-current assets due within one year 83,165,555.49
Other current assets 64,212,273.65 61,400,766.70
Total current assets 3,368,717,858.36 3,381,091,657.37
Non-current assets:
Loans issued and advance in cash
Investment of creditor's rights
Other investment of creditor's rights
Long-term receivables 5,538,631.13 5,610,026.78
Long-term equity investment 266,468,817.47 269,650,542.59
Investment of other equity instruments 25,972,985.90 28,084,268.75
Other non-current financial assets
Investment real estate 911,876,261.89 926,114,596.02
Fixed assets 338,308,272.81 345,919,556.12
Construction in process 25,026,452.92 21,296,613.06
Productive biological assets
Oil and gas assets
Right-to-use assets 207,388,991.32 200,363,550.54
Intangible assets 20,998,705.04 20,954,525.45
Including: Data resources
Development expenditure
Including: Data resources
Goodwill 68,855,697.76 68,855,697.76
Long-term unamortized expenses 30,533,738.17 30,446,353.63
Deferred income tax assets 80,460,101.81 79,926,806.90
Other non-current assets 1,832,754.30 1,832,754.30
Total non-current assets 1,983,261,410.52 1,999,055,291.90
Total assets 5,351,979,268.88 5,380,146,949.27
Current liabilities:
Short-term loans 225,284,861.11 225,284,861.11
Borrowings from central bank
Borrowing funds
Trading financial liabilities
Derived financial liabilities
Notes payable
Accounts payable 472,522,732.16 451,943,075.48
Advance receipts 131,271,056.75 146,671,712.58
Contract liabilities 26,927,877.03 28,930,290.52
Financial assets sold for repurchase
Deposits from customers and
interbank
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Acting trading securities
Acting underwriting securities
Payroll payable 105,859,166.20 143,535,971.66
Taxes payable 173,823,044.01 177,529,281.44
Other payables 863,800,954.36 857,784,084.40
Including: Interests payable
Dividends payable 24,987,218.08 28,281,997.08
Service charge and commission
payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one
94,143,504.51 107,940,591.09
year
Other current liabilities 4,989,859.83 6,244,057.44
Total current liabilities 2,098,623,055.96 2,145,863,925.72
Non-current liabilities
Provision of insurance contracts
Long-term loans 522,598,481.87 519,380,201.10
Bonds payable
Include: preferred stock
Perpetual bonds
Lease liabilities 151,387,371.40 161,296,418.84
Long-term payables 3,550,426.94 3,490,890.53
Long-term payroll payable
Estimated liabilities 34,844,103.10 34,844,103.10
Deferred income 521,154.84 562,703.98
Deferred income tax liabilities 10,540,227.13 9,973,820.93
Other non-current liabilities
Total non-current liabilities 723,441,765.28 729,548,138.48
Total liabilities 2,822,064,821.24 2,875,412,064.20
Owner's equity:
Capital stock 1,231,200,672.00 1,231,200,672.00
Other equity instruments
Include: Preferred stock
Perpetual bonds
Capital reserve 165,950,347.39 165,950,347.39
Less: Treasury stocks
Other comprehensive income -6,045,803.96 -4,424,250.62
Special reserve
Surplus reserve 194,165,563.17 194,165,563.17
General risk reserve
Undistributed profits 444,465,562.03 419,597,911.72
Total owners' equity attributable to the
2,029,736,340.63 2,006,490,243.66
parent company
Minority equity 500,178,107.01 498,244,641.41
Total owners' equity 2,529,914,447.64 2,504,734,885.07
Total liabilities and owners' equity 5,351,979,268.88 5,380,146,949.27
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang
2. Consolidated income statement
Unit: RMB/yuan
Item Amount incurred in the current period Amount incurred in the prior period
I. Total operating income 414,161,145.61 445,269,320.85
Including: Operating income 414,161,145.61 445,269,320.85
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Interest revenue
Premium earned
Income of service charge and
commission
II. Total operating costs 364,995,473.80 384,360,060.26
Including: Operating costs 322,074,470.88 338,171,858.58
Interest expense
Expense of service charge and
commission
Surrender value
Net payments for insurance
claims
Net withdrawal of policy
reserve
Bond insurance expense
Reinsurance expense
Taxes and surcharges 7,528,193.53 7,040,648.41
Selling expense 4,669,051.44 5,154,703.97
Administration expense 19,872,471.16 24,608,077.82
R&D expense 2,504,435.76 2,205,748.26
Financial expense 8,346,851.03 7,179,023.22
Include: Interest expense 6,872,340.90 8,937,348.65
Interest revenue 3,164,523.80 4,618,117.49
Plus: Other income 781,736.07 2,953,995.38
Income from investment ("–"
-2,612,244.01 -1,399,447.34
means loss)
Include: Income from
investment in joint ventures and -3,181,725.12 -3,273,278.62
cooperative enterprises
Income from
financial asset derecognition measured at
amortized cost
Exchange gains ("– "means loss)
Net income from exposed hedge
("– "means loss)
Income from fair value change
("–" means loss)
Credit impairment loss ("–"
5,212.64 1,400.00
means loss)
Assets impairment loss ("–"
means loss)
Income from assets disposal ("–"
means loss)
III. Operating profits ("–" means loss) 47,340,376.51 62,465,208.63
Plus: Non-operating income 321,660.10 804,286.03
Less: Non-operating expense 674,019.13 677,151.60
IV. Total profits ("–" means loss) 46,988,017.48 62,592,343.06
Less: Income tax 18,832,704.83 19,737,901.29
V. Net profits ("–" means loss) 28,155,312.65 42,854,441.77
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
(1) By operation continuity
1. Net profits from continuous
28,155,312.65 42,854,441.77
operation ("–" means loss)
2. Net profits from operation
termination ("–" means loss)
(2) By attribution of ownership
1. Net profit attributable to the
24,867,650.31 32,905,373.52
owner of parent company
2. Minority profit and loss 3,287,662.34 9,949,068.25
VI. After-tax net amount of other
-1,616,686.08 1,663,378.51
comprehensive income
After-tax net amount of other
comprehensive income attributable to the -1,621,553.34 1,671,439.91
owner of parent company
(1) Other comprehensive income
that cannot be reclassified into profit and -1,621,553.34 1,671,439.91
loss
1. Remeasured variation of
defined benefit plan
2. Other comprehensive income
that cannot be transferred into profit and
loss under the Equity Law
3. Change in the fair value of
-1,621,553.34 1,671,439.91
other investment of equity instruments
4. Change in the fair value of the
enterprise's credit risk
5. Others
(2) Other comprehensive income to
be reclassified into profit and loss
1. Other comprehensive income
that can be transferred into profit and
loss under the Equity Law
2. Change in the fair value of
other investments of creditor's rights
3. Amount of financial asset
reclassified to other comprehensive
income
4. Impairment provision for other
investment of creditor's rights
5. Cash flow hedge reserve
6. Difference of translation of
foreign currency financial statements
7. Others
After-tax net amount of other
comprehensive income attributable to 4,867.26 -8,061.40
minority shareholders
VII. Total comprehensive income 26,538,626.57 44,517,820.28
Total comprehensive income
attributable to the owner of parent 23,246,096.97 34,576,813.43
company
Total comprehensive income
3,292,529.60 9,941,006.85
attributable to minority shareholders
VIII. Earnings per share:
(1) Basic earnings per share 0.0202 0.0267
(2) Diluted earnings per share 0.0202 0.0267
For business combinations of the current period under common control, the net profit realized by the combined party before the
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
combination was RMB0.00; the net profit realized by the combined party in last period was RMB0.00.
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang
3. Consolidated cash flow statement
Unit: RMB/yuan
Item Amount incurred in the current period Amount incurred in the prior period
I. Cash flow from operating activities:
Cash from selling commodities and
379,184,967.53 443,160,330.36
offering labor
Net increase in deposits from
customers and interbank
Net increase in borrowings from
central bank
Net increase in loans from other banks
Cash from premium of original
insurance contract
Net cash from reinsurance business
Net increase in insurance policy
holder's savings and investment
Cash from interests, service charge
and commission
Net increase in borrowing funds
Net increase in repurchase business
Net cash from acting trading securities
Refund of tax and fee received 2,052.39 1,183,473.36
Other cash received related to
56,162,278.82 66,937,283.93
operating activities
Subtotal of cash inflow from operating
435,349,298.74 511,281,087.65
activities
Cash paid for commodities and labor 143,329,179.74 181,208,188.82
Net increase in customer loan and
advance in cash
Net increase in borrowings from
central bank and interbank
Cash paid for the compensation of
original insurance contract
Net increase in lending funds
Cash paid for interests, service charge
and commission
Cash paid for policy dividend
Cash paid to and for employees 180,551,266.58 199,103,710.22
Taxes and feeds paid 47,743,436.34 46,468,466.68
Other cash paid related to operating
105,986,537.43 102,881,691.15
activities
Subtotal of cash outflow from operating
477,610,420.09 529,662,056.87
activities
Net amount of cash flow from operating
-42,261,121.35 -18,380,969.22
activities
II. Cash flow from investing activities:
Cash received from disposal of
118,095,821.93 93,800,000.00
investments
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
Cash received from return on
3,869,481.11 1,873,831.18
investments
Net amount of cash received from
disposal of fixed assets, intangible assets 170.00 1,300.00
and other long-term assets
Net amount of cash received from
disposal of subsidiaries and other
business entities
Other cash received related to
investing activities
Subtotal of cash inflow from investing
121,965,473.04 95,675,131.18
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 11,198,521.08 18,899,901.62
assets
Cash paid to acquire investments 141,000,000.00 42,500,000.00
Net increase in pledge loan
Net amount of cash paid to acquire
subsidiaries and other business entities
Other cash paid related to investing
activities
Subtotal of cash outflow from investing
152,198,521.08 61,399,901.62
activities
Net amount of cash flow from investing
-30,233,048.04 34,275,229.56
activities
III. Cash flow from financing activities:
Cash received from capital
contribution
Including: Cash received by
subsidiaries from absorbing minority
shareholders' investment
Cash received from borrowings 18,824,000.00 16,576,185.81
Other cash received related to
financing activities
Subtotal of cash inflow from financing
18,824,000.00 16,576,185.81
activities
Cash paid to repay debts 14,221,872.76 12,876,250.00
Cash paid to distribute dividends and
12,028,335.28 18,640,686.32
profits or pay interests
Including: Dividend and profit paid
1,359,064.00 10,240,000.00
by subsidiaries to minority shareholders
Other cash paid related to financing
6,393,943.00 4,056,486.78
activities
Subtotal of cash outflow from financing
32,644,151.04 35,573,423.10
activities
Net amount of cash flow from financing
-13,820,151.04 -18,997,237.29
activities
IV. Effect of foreign exchange changes
on cash and cash equivalents
V. Net increase in cash and cash
-86,314,320.43 -3,102,976.95
equivalents
Plus: Beginning balance of cash and
1,135,679,354.12 987,346,307.91
cash equivalents
VI. Ending balance of cash and cash
1,049,365,033.69 984,243,330.96
equivalents
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The First Quarterly Report for 2024 of Shenzhen SEG Co., Ltd.
(II) Description on the adjustment of relevant items in the financial statements at the
beginning of the year for the first time adoption of the new accounting standards since
2024
□ Applicable Not applicable
(III) Report auditing
Whether the First Quarterly Report has been audited
□ Yes No
The First Quarterly Report of the Company has not been audited.
Board of Directors of Shenzhen SEG Co., Ltd.
April 26, 2024
14