Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2013 Q1 Report
April 2013
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Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter One Important Notes
The Board of Directors and Board of Supervisors of the Company, its directors, supervisors and senior executives shall guarantee the
authenticity, accuracy and completeness of the quarterly report and no existence of false record, misleading statement or major
omission herein,, and shall assume individual and/or joint liabilities.
Wang Li, the person in charge of the Company, Li Lifu, the person in charge of the accounting work, and Ying Huadong, the person
in charge of the accounting institution (accountant in charge) hereby declare that the Financial Statements enclosed in this quarterly
report are true, accurate and complete.
All the directors have attended this board meeting reviewing the quarterly report.
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Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter Two Change of the Major Financial Data and the
Shareholder
1. Major financial data
Whether the previous financial data is traced back or restated in this report period.
□ Yes √ No
Year-on-year
January-March, 2013 January-March, 2012
increase/decrease (%)
Operating revenue (Yuan) 133,517,969.30 110,887,458.49 20.41%
Net profit belonging to shareholders of the
20,488,550.91 16,613,292.99 23.33%
listed company (Yuan)
Net profit attributable to shareholders of the
listed company after deduction of 20,099,360.71 16,186,864.61 24.17%
non-recurring profit and loss (Yuan)
Net cash flow arising from operating
-79,128,683.42 11,648,372.46 -779.31%
activities (Yuan)
Basic earnings per share (Yuan/Share) 0.0261 0.0212 23.11%
Diluted earnings per share (Yuan/Share) 0.0261 0.0212 23.11%
Weighted average ROE (%) 1.7% 1.43% 0.27%
Year-on-year
March 31, 2013 December 31 2012
increase/decrease (%)
Total assets (Yuan) 1,758,254,396.29 1,740,697,285.20 1.01%
Net assets attributable to shareholders of
1,216,113,922.93 1,195,672,946.25 1.71%
the listed company (Yuan)
Items of non-recurring profit and loss and related amounts:
√ Applicable □ Not applicable
Unit: RMB Yuan
The amount from the
Item beginning of this year to the Note:
end of this report period
Government subsidiaries recorded into current gains and losses Special funds for development of
(except those closely related with the Company, which are enjoyed 714,458.68 biology, internet, and new energy
by quotas according to uniform standards of the State) industries in Shenzhen.
Other non-operating income and expenses except the
204,818.30
above-mentioned items
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Influenced amount of income tax -229,819.25
Amount influenced by minority shareholders’ equity (after tax) -300,267.53
Total 389,190.20 --
2. Total number of shareholders and shareholding information of the top ten shareholders at
the end of this report period
Unit: Share
Total number of shareholders by the
64,463
end of the report period
Information on shares held by the top ten shareholders
Quantity of Information on pledged or frozen
Name of Nature of Share-holding Quantity of shares
restricted shares shares
shareholder shareholder proportion (%) held
held Share status Quantity
Shenzhen SEG State-owned legal
30.24% 237,359,666 0 Pledged 83,679,833
Group Co., Ltd. person
Ping An Trust Domestic
Co., Ltd.-Ruifu non-state-owned 2.41% 18,880,300 0
No.2 legal person
Overseas natural
Gong Qianhua 0.68% 5,311,520 0
person
Domestic natural
Zeng Ying 0.66% 5,160,887 0
person
Taifook Securities
Company Overseas legal
0.46% 3,579,958 0
Limited-Account person
Client
Domestic natural
Zhang Liming 0.31% 2,444,882 0
person
Ruihua No.3 of
Zhongrong
Others 0.28% 2,169,808 0
International
Trust Co., Ltd.
Account of
Guaranteed
Securities for Domestic
Client Credit non-state-owned 0.24% 1,908,800 0
Transaction of legal person
China Merchants
Securities Co.,
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Ltd.
Overseas legal
NORGES BANK 0.24% 1,890,226 0
person
Domestic natural
Ju Yongmei 0.19% 1,479,225 0
person
Information on the top ten shareholders of unrestricted shares
Type of share
Name of shareholder Quantity of unrestricted shares held
Type of share Quantity
RMB ordinary
Shenzhen SEG Group Co., Ltd. 237,359,666 237,359,666
shares
RMB ordinary
Ping An Trust Co., Ltd.-Ruifu No.2 18,880,300 18,880,300
shares
Domestically
Gong Qianhua 5,311,520 listed foreign 5,311,520
shares
Domestically
Zeng Ying 5,160,887 listed foreign 5,160,887
shares
Domestically
Taifook Securities Company
3,579,958 listed foreign 3,579,958
Limited-Account Client
shares
RMB ordinary
Zhang Liming 2,444,882 2,444,882
shares
Ruihua No.3 of Zhongrong RMB ordinary
2,169,808 2,169,808
International Trust Co., Ltd. shares
Account of Guaranteed Securities for
RMB ordinary
Client Credit Transaction of China 1,908,800 1,908,800
shares
Merchants Securities Co., Ltd.
Domestically
NORGES BANK 1,890,226 listed foreign 1,890,226
shares
RMB ordinary
Ju Yongmei 1,479,225 1,479,225
shares
Shenzhen SEG Group Co., Ltd. (hereinafter called "SEG ") has no associated relationship with
Explanations on the association
other shareholders, nor is it a person acting in concert as described by the Management
relationship or concerted action
Methods for Disclosure of Information on Changes of Shareholding Status of Shareholders of
among the above-mentioned
Listed Companies. It is unknown whether other shareholders have an associated relationship or
shareholders
are the persons acting in concert or not.
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Chapter Three Significant Events
1. Particulars and explanations of material changes in main items of accounting statements
and financial indexes in this report period
Unit: RMB Yuan
(1) Items on the Balance Sheet
Increase/decrease of
Period-beginning the current year
Item Period-end balance Difference
balance compared with that of
last year (%)
Notes receivable 70,000.00 200,000.00 -130,000.00 -65.00%
Accounts receivable 14,976,505.51 10,742,406.91 4,234,098.60 39.41%
Other receivables 44,493,597.28 18,231,238.23 26,262,359.05 144.05%
Inventory 83,116,389.12 2,715,123.54 80,401,265.58 2961.24%
Other current assets 230,760,402.78 346,200,402.78 -115,440,000.00 -33.34%
Construction in progress 48,500.00 185,086.00 -136,586.00 -73.80%
Short-term loans 1,000,000.00 - 1,000,000.00 100.00%
Accounts payable 2,465,170.81 4,011,377.73 -1,546,206.92 -38.55%
Taxes payable 20,858,956.12 15,226,223.73 5,632,732.39 36.99%
Other non-current liabilities 605,622.23 320,080.91 285,541.32 89.21%
1. The notes receivable decreased by RMB 130,000 Yuan as compared to the period-beginning amount, with a decrease of 65.00%.
The main cause of the decrease is that the subsidiary Wujiang SEG Electronics Market received the rent from the merchants by
means of bank acceptance bill at the end of last year. The bill was due and RMB 130,000 Yuan was accepted within this report
period, which led to the decrease of this item.
2. The accounts receivable decreased by RMB 4,230,000Yuan as compared to the period-beginning amount, with an increase of
39.41%. The main reason for the increase is that trade business of the subsidiary Shenzhen SEG Industry Investment Co., Ltd.
(hereafter called "SEG Industry") increased in this report period, which accordingly led to the increase of this item.
3. The other receivables increased by RMB 26,260,000Yuan as compared to the period-beginning amount, with an increase of
144.05%. The main reason for the increase is that the subsidiary Nantong SEG Times Square Development Co., Ltd. (hereafter
called "Nantong SEG") which was registered on March 2013 and the Company paid the deposit of RMB 30,000,000 Yuan for
the commencement of construction of Nantong SEG Times Square Project in this period, which led to the increase of this item.
4. The inventory increased by RMB 80,400,000 Yuan as compared to period-beginning amount, with an increase of
2,961.24%.The main reason for the increase is that in this period, Nantong SEG procured land for construction of Nantong
SEG Times Square, which led to the increase of this item.
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5. Other current assets decreased by RMB 115,440,000 Yuan as compared to the period-beginning amount, with a decrease of
33.34%. The main reason for the decrease is that in this report period, the bank financing products invested by the Company
were due, which led to the decrease of this item.
6. The construction in progress decreased by RMB 140,000 Yuan as compared to the period-beginning amount, with a decrease of
73.80%. The main reason for the decrease is that construction in progress was completed in this report period and included into
long-term deferred expenses.
7. Short-term borrowings increased by RMB 1,000,000 Yuan as compared to the period-beginning amount. The main reason for
the increase is that the subsidiary Shenzhen SEG Credit Co., Ltd. (hereafter called "SEG Credit") had developed business in
this report period and newly increased bank loan.
8. The accounts payable decreased by RMB 1,550,000 Yuan as compared to the period-beginning amount, with a decrease of
38.55%. The main reason for the decrease is the expenditure on the decoration engineering of the electronics markets, for
example, the subsidiary Nanjing SEG Electronics Market (hereafter called "Nanjing SEG"), which led to the decrease of this
item.
9. Payable tax increased by RMB 5,630,000 Yuan as compared to the period-beginning amount, with an increase of 36.99%. The
main reason for the increase is that the profits made in this report period increased the payable enterprise income tax.
10. Other non-current liabilities increased by RMB 290,000 Yuan as compared to the period-beginning amount, with an increase of
89.21%. The main reason for the increase is that within this report period, the subsidiary Shenzhen SEG E-Commerce Co., Ltd.
(hereafter called "SEG -Commerce") received the government grants for special use and had to confirm the deferred income,
which led to the increase of this item.
2. Items in the Profit Statement
Increase/decrease of
Amount of the current the current year
Item Amount of last period Difference
period compared with that of
last year (%)
Loss from asset impairment 115,179.85 565,753.35 -450,573.50 -79.64%
Investment income 5,769,732.16 4,320,493.67 1,449,238.49 33.54%
Non-operating expenses 719.94 5,587.65 -4,867.71 -87.12%
Income tax 9,110,315.06 6,659,347.04 2,450,968.02 36.80%
Profit and loss of minority
3,826,404.92 2,864,192.73 962,212.19 33.59%
shareholders
Other comprehensive income -71,454.23 8,762.63 -80,216.86 -915.44%
Total comprehensive income
3,802,524.92 2,867,121.20 935,403.72 32.63%
attributable to minority shareholders
1. The asset impairment loss decreased by RMB 450,000 Yuan as compared to the same period last year, with a decrease of
79.64%. The main reason for the decrease is the reduced loan loss provision of the subsidiary SEG Credit in this report period.
2. The investment income increased by RMB1,450,000 Yuan as compared to the same period last year, with an increase of
33.54%. The main reason for the increase is that the income from the bank financing products increased in this report period.
3. Income tax expenses increased by RMB 2,450,000 Yuan as compared to the same period last year, with an increase of 36.80%.
The main reason for the increase is that the total profits of the Company increased in this report period, which accordingly led
to the increase of taxable income.
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4. Profits and loss of minority shareholders increased by RMB 960,000 Yuan as compared to the same period last year, with an
increase of 33.59%. The main reason for the increase is that the profits of the subsidiary SEG Credit increased but the loss of
SEG Electronic Commerce decreased in this report period, which led to the increase of this item.
5. Other comprehensive income decreased by RMB 80,000 Yuan as compared to the same period last year, with a decrease of
915.44%. The main reason for the decrease is that the stock value of Youhao Group held by the subsidiary Shenzhen SEG
Baohua Enterprise Development Co., Ltd. (hereafter called "SEG Baohua") decreased in this report period.
6. The total comprehensive income attributable to the minority of shareholders increased by RMB 940,000 Yuan as compared to
the same period last year, with an increase of 32.63%. The main reason for the increase is the same as 4 foresaid.
3. Items in the Cash Flow Statement
Increase/decrease
of the current year
Amount of the current
Item Amount of last period Difference compared with
period
that of last year
(%)
Cash received from interest and
8,241,020.99 3,938,358.93 4,302,662.06 109.25%
commissions
Cash paid for goods and service 141,753,366.39 50,792,464.15 90,960,902.24 179.08%
Net increase of loans to customers
5,698,024.66 57,173,834.33 -51,475,809.67 -90.03%
and advances
Other cash paid concerning operating
148,131,797.31 110,060,253.22 38,071,544.09 34.59%
activities
Cash received from withdrawal of
594,820,000.00 428,960,000.00 165,860,000.00 38.67%
investment
Cash received from investment
6,784,658.10 2,288,189.36 4,496,468.74 196.51%
income
Cash paid for purchase and
construction of fixed assets, intangible 3,418,600.09 1,726,165.00 1,692,435.09 98.05%
assets and other long-term assets
Cash received from obtainment of
20,000,000.00 - 20,000,000.00 100.00%
loans
Cash paid for repayment of debts 19,000,000.00 - 19,000,000.00 100.00%
Cash paid for distribution of
dividends and profit or repayment of 306,208.89 - 306,208.89 100.00%
interest
1. Cash from charging interests, procedure fee, and commission increased by RMB 4,300,000 Yuan as compared to the same
period last year, with an increase of 109.25%. The main reason for the increase is that the loan scale of the subsidiary SEG
Credit increased and the interests from the small loan increased in this report period.
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2. Cash paid for goods and services increased by RMB 90,960,000 Yuan as compared to the same period last year, with an
increase of 179.08%. The main reason for the increase is that the subsidiary Nantong SEG paid RMB 80,250,000 Yuan for
procuring the land for construction of Nantong SEG Times Square.
3. The net increase in loan and advance to customers decreased by RMB 51,480,000 Yuan as compared to the same period last
year, with a decrease of 90.03%. The main reason for the decrease is that the loan scale of the subsidiary SEG Credit reached
the maximum limit of loan in this report period and the capital available for granting loans decreased.
4. Cash paid relating to other operation activities increased by RMB 38,070,000 Yuan as compared to the same period last year,
with an increase of 34.59%. The main reason for the increase is that the subsidiary Nantong SEG paid a deposit of RMB
30,000,000 Yuan for commencement of construction of Nantong SEG Times Square, which led to the increase of this item.
5. Cash received from disposal of investments increased by RMB 165,860,000 Yuan as compared to the same period last year,
with an increase of 38.67%. The main reason for the increase is that the disposal of investment in bank financing products
increased as compared to the same period last year, which led to the increase of this item.
6. Cash from the investment income increased by RMB 4,500,000 Yuan as compared to the same period last year, with an increase
of 196.51%. The main reason for the increase is that the income from the bank financing products increased in this report
period, which led to the increase of this item.
7. Case paid for procuring fixed assets, intangible assets and other long-term assets increased by RMB 1,690,000 Yuan as
compared to the same period last year, with an increase of 98.05%. The main reason for the increase is that the subsidiary
Nanjing SEG, and Foshan Shunde SEG Electronics Market under construction generated a considerable amount of expenditure
on decoration and reconstruction, which led to the increase of this item.
8. Cash received from borrowings increased by RMB 20,000,000 Yuan as compared to the same period last year. The main reason
for the increase is that the subsidiary SEG Credit had development in business and got the bank loans in this report period.
9. Cash paid for repayment of debt increased RMB 19,000,000 Yuan as compared to the same period last year. The main reason
for the increase is that the subsidiary SEG Credit was paying the bank loans in this report period.
10. Cash paid for distribution of dividend, profits or interest expenses increased by RMB 310,000 Yuan as compared to the same
period last year. The main reason is that the subsidiary Shenzhen SEG Baohua Enterprise Development Co., Ltd. paid cash
dividends to minority shareholders in this report period.
3.2 Progress of important events and its relevant influence and analysis of solutions
1 Related transactions related to daily operation
As reviewed and approved by the 12th Meeting of the 5th Board of the Company held on March 28, 2013, in order to meet the
needs of developing business in the electronics markets in 2013, the Company shall rent part of the 8th floor of SEG Plaza
owned by its controlling shareholder Shenzhen Electronics Group Co., Ltd. (hereafter called SEG) as the warehouse for the
business tenants of the Company During the lease term, the Company shall pay rent and property management fees to SEG.
With related directors avoided in the voting, the Board of Directors agreed that in 2013, the Company could have related
transactions on estate lease with SEG at a fair market price within the limit of RMB 1,000,000 Yuan. (For details, see the Public
Notice on Resolutions of the 12th Meeting of the 5th Board of Directors of Shenzhen SEG Co., Ltd. and the Public Notice of
Shenzhen SEG Co., Ltd. on Estimated Matters Related to Daily Related Transactions Concerning Operating Activities in 2013
disclosed on China Securities Journal, Securities Times, Securities Daily, Hong Kong Commercial Daily and the Cninfo
Website on March 30, 2013). Within this report period, the Company shall totally pay RMB 129,000 Yuan for the rent and the
property management fee to SEG.
(2) The 11th Meeting of the Fifth Board of Directors was held on September 6, 2012 to deliberate on and approve The Company's
Proposal on Applying for Issue of Short-term Financing Bond or Mid-term Notes from National Association of Financial
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Market Institutional Investors and the Proposal on Applying for Short-term Line of Credit of RMB 0.5 Billion Yuan from Banks.
This matter was reviewed and approved in the second interim meeting of shareholders held on September 24, 2012. These
events can be referred to in the Public Notice on Resolutions of the 11th Meeting of the fifth Board of Directors of Shenzhen
SEG Co., Ltd., and the Public Notice on the Company's Proposal on Applying for Issue of Short-term Financing Bond or
Mid-term Notes from National Association of Financial Market Institutional Investors disclosed on September 2012, and the
Public Notice on the Resolutions of the Second Interim Meeting of Shareholders of Shenzhen SEG Co., Ltd. disclosed on
September 25, 2012 on the China Securities Journal, the Securities Times, the Securities Daily, the Hong Kong Commercial
Daily and the Cninfo Website.
(3) The 9th meeting of the 5th board held on July 23rd, 2012 discussed and approved the Proposal about Investing and Opening
Ningbo Seg Electronic Market and the Proposal about Investing and Opening Ningbo Seg Digital Plaza. The notice about the
above mentioned investments could be red in the Notice about Investing Ningbo Seg Electronic Market, Ningbo Seg Digital
Plaza, and Wuxi Seg Electronic Market, which was published in China Securities Journal, Securities Times, Securities Daily,
Hong Kong Commercial Newspaper, and CNINFO website (http://www.cninfo.com.cn) on July 24th, 2012. The 32nd
temporary meeting of the 5th board of Shenzhen SEG Co., Ltd. held on April 18th, 2013 discussed and approved the Proposal
about Terminating Ningbo Seg Electronic Market and the Proposal about Withdrawing the Investment for Ningbo Seg Digital
Plaza. The board of the company decided to terminate Ningbo Seg Electronic Market as well as the investment cooperation
model of Ningbo Seg Digital Plaza, withdrawing the investment for Ningbo Seg Digital Plaza and changing the entrusted
management pattern into the management pattern by our company. Details of this issue could be red in the Notice about
Terminating Ningbo Seg Electronic Market and the Proposal about Withdrawing the Investment for Ningbo Seg Digital Plaza,
which was published in China Securities Journal, Securities Times, Securities Daily, Hong Kong Commercial Newspaper, and
CNINFO website (http://www.cninfo.com.cn) on April 20th, 2013. Up to the date when this notice was disclosed, the company
has withdrawn the contributed capital of these two projects and has received the entrusted management fee of Ningbo Seg
Digital Plaza. Therefore, terminating the above mentioned investment intents did not influence the current profits and loss and
the rights of the shareholders of the company.
(4) The 32nd temporary meeting of the 5th board of Shenzhen SEG Co., Ltd. held on April 18th, 2013 discussed and approved the
Proposal about Lending the Circulating Fund of 32,000,000 Yuan to Shenzhen SEG Industry Investment Co., Ltd., agreeing to
lend the Circulating Fund of 32,000,000 Yuan to Shenzhen SEG Industry Investment Co., Ltd. (hereafter called SEG Industry)
whose 100% shares are controlled by the company. Among the fund, 22,000,000 yuan was the one-year loan provided by the
company to SEG Industry in 2011 according to decisions of the 7th meeting of the 5th board of the company. The additional
loan of 10,000,000 yuan is the newly added circulating fund. The company provided the circulating fund of 32,000,000 Yuan as
the long-term loan to SEG Industry for satisfying requirements of business development of SEG Industry. Therefore, the above
loans are free of interests.
(5) The implementation status of the internal control within the first quarter of 2013
Within the report period, the company completed the self-evaluation of the internal control in 2012 and submitted it to the 12th
meeting of the 5th board for discussion and approval. The 2012 Self-Evaluation Report of Internal Control of Shenzhen SEG
Co., Ltd. has been disclosed on CNINFO website on March 30th, 2013. Da Hua Certified Public Accountants (special general
partnership) employed by the company audited the internal control of the company in 2012 and issued the Audit Report of
Internal Control of Shenzhen SEG Co., Ltd. which was numbered Da Hua No. [2013]000033. The audit report thinks that up to
December 31st, 2012, the company has maintained the effective internal control of the financial report in all the important
aspects according to the Standard for Enterprise Internal Control and the relevant regulations. The audit report has been
disclosed on CNINFO website on March 30th, 2013.
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In this report period, the relevant bonds were being issued.
Inquiry index for the
Overview of important events Disclosure date websites disclosing the
temporary reports
Litigation & arbitration issues: Guangzhou Jiajie Technology Co., Ltd.
(hereinafter referred to as "Guangzhou Jiajie") signed a Purchase Contract
with the SEG Industry, a subsidiary of the Company on June 25, 2010,
prescribing that Guangzhou Jiajie purchases SYBASE software from SEG
Industry for external sales. Due to the difference of descriptions about the
payment conditions in the Purchase Contract separately held by SEG Industry
and Guangzhou Jiajie, the two parties had a dispute on the payment. The
payment conditions in the Purchase Contract consist of two optional clauses.
The first clause provides that the Seller shall issue a value-added tax invoice
for the full amount to the Buyer within 60 days after the goods arrive at the
place of delivery and are qualified upon inspection and acceptance through
power-on operation (i.e., before August 30, 2010) and the Buyer shall make
full payment for the goods; whereas the second clause provides that the Seller
shall issue a value-added tax invoice for the full amount to the Buyer and the
Buyer shall make the payment within 7 days after receiving the full amount of
the payment from users. Both clauses were marked with a (√) in the Purchase
Clause held by SEG Industry. However, only the second clause was marked
with a (√) in the Purchase Clause held by Guangzhou Jiajie. Guangzhou Jiajie
sold the SYBASE software to Guangzhou Yushi Information Technology Co., August 16, 2011; Semi-annual Report of 2011,
Ltd (hereinafter referred to as "Guangzhou Yushi") that sold the software to March 27, 2012; Annual Report of 2011, and
end users. Since Guangzhou Yushi has not made payment to Guangzhou Jiajie, August 27, 2012; Semi-Annual Report of 2012
the latter filed a lawsuit against the former. The legal representative of March 30, 2013 disclosed on Cninfo website
Guangzhou Yushi had migrated to another country. Based on the analysis of
the Purchase Contract held by Guangzhou Jiajie, the prerequisite for the
payment by Guangzhou Jiajie is that Guangzhou Jiajie received the payment
from Guangzhou Yushi. According to the lawyer’s analysis of the current
situation, it is not likely to collect the payment. The amount of the contract
object is RMB 3,052,571.00 Yuan, for which RMB 2,747,313.90 Yuan, i.e.
90% of the amount, was accrued as bad debt provision at the end of 2010.
After the Company had instituted a court action to solve the previous dispute,
the court opened a session on December 28, 2011 and made the first trial
judgment on February 14, 2012. According to the court verdict, the plaintiff,
SEG Industry, won the lawsuit and the defendant Guangzhou Jiajie should pay
to the plaintiff RMB 3,052,571 Yuan. The court rejected other claims of the
plaintiff. The defendant Guangzhou Jiajie disagreed with the verdict of the
first instance and filed a lawsuit to the superior court. On June 15, 2012, the
second instance about the case of Guangzhou Jiajie opened in Shenzhen
Intermediate People's Court. The accuser was the defendant namely,
Guangzhou Jiajie and the involving codefendants in the first instance. The
defendant was the accuser in the first instance namely, SEG Industry. In the
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Inquiry index for the
Overview of important events Disclosure date websites disclosing the
temporary reports
second instance, dispute between the accuser and the defendant was still the
inconsistency of the ticked items in term of the payment pattern in the
contracts held by each party which led to two different payment patterns. The
court has been closed in the second instance. Up to the date when this report
was disclosed, both parties were still waiting for the verdict of the court.
Published Notice about
Investing and Setting up
Nantong SEG Times Square
About investing in and setting up Nantong SEG Times Square Development Development Co., Ltd. in the
Co., Ltd. in this report period, the Company has invested RMB 30,000,000 January 10, 2013 following media: China
Yuan and set up Nantong SEG Times Square Development Co., Ltd. Securities Journal, Securities
Times, Securities Daily, Hong
Kong Commercial Daily and
CNINFO website.
On February 6, 2013, by means of listing procurement bidding, the Company Published Notice about
obtained the rights to use the land C13001 which is located in Nantong, Obtaining the Land Use
Jiangsu Province and was listed for transfer by Nantong Bureau of National Rights in the following
Land & Resources. The total land price was RMB 80,254,500 Yuan. The media: China Securities
Feb 8, 2013
wholly-owned subsidiary Nantong SEG will conduct development and Journal, Securities Times,
construction of this land for developing the electronics market and its Securities Daily, Hong Kong
supporting facilities. Commercial Daily and
CNINFO website.
Published Notice about
Related Transaction between
Shenzhen SEG Co., Ltd. and
Shenzhen SEG Property Co.,
Ltd. about Co-investment and
About investing and acquiring 20% shares of Shenzhen Buji Sanlian Industry Acquisition of 20% Shares of
Development Co., Ltd. (it has been re-named Shenzhen SEG New City Shenzhen Buji Sanlian
January 31, 2013
Construction & Development Co., Ltd.): in this report period, the Company Industry Development Co.,
has completed acquisition of the 20% shares of this company. Ltd. in the following media:
China Securities Journal,
Securities Times, Securities
Daily, Hong Kong
Commercial Daily and
CNINFO website.
Published Notice about
The Company provided warranty of RMB 75,000,000 Yuan for SEG Credit to Providing Warranty for the
March 2, 2013
apply the line of credit in Bank of China. Subsidiaries in the following
media: China Securities
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Inquiry index for the
Overview of important events Disclosure date websites disclosing the
temporary reports
Journal, Securities Times,
Securities Daily, Hong Kong
Commercial Daily and
CNINFO website.
Published Notice about
Investing and Operating
Nanning SEG. Digital Plaza
About investing and operating Nanning SEG Digital Plaza: in this report in the following media: China
March 8, 2013
period, this project was under preparation. Securities Journal, Securities
Times, Securities Daily, Hong
Kong Commercial Daily and
CNINFO website.
Published Notice about
Decisions of the 12th Meeting
of the 5th Board and Notice
about Decisions of the 18th
About providing the loan limit of RMB 300,000,000 Yuan to the
Shareholders Meeting in
wholly-owned subsidiary Nantong SEG for investment and construction of March 30, 2013,
2012 in the following media:
Nantong SEG Times Square: it has been reviewed and approved in the 18th April 20, 2013
China Securities Journal,
shareholder meeting (2012) which was held on April 19, 2013.
Securities Times, Securities
Daily, Hong Kong
Commercial Daily and
CNINFO website.
3. Commitments made by the Company or the shareholders holding more than 5% shares,
which were made in or lasted into the reporting period
Commitment Commitment
Commitments Promisor Content Fulfillment
date term
Not
Commitment for share reform
applicable
Commitments in the
Not
Acquisition Report or the
applicable
Report of Changes on Equity
Commitments made at the Not
time of restructuring of assets applicable
Commitment made at the time Shenzhen According to Article Five of the Equity Commitment
July 1, 2013 Not applicable
of initial public offerings or SEG Group Transfer Agreement signed by the s were
13
Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
refinancing Co., Ltd. Company with SEG Group when the fulfilled in
Company was listed, SEG Group the reporting
agreed that the Company and its period.
subsidiaries and associated companies
could use the eight trademarks
registered by SEG Group at the
National Trademark Bureau; SEG
Group agreed that the Company could
use the aforesaid trademarks or similar
signs as the Company’s logo and use
the trademarks and signs during its
operation; the Company needn’t pay
any fee to SEG Group for using the
aforesaid trademarks or signs.
Other commitments made to
Not
the medium and small
applicable
shareholders of the Company
Whether commitments were
Yes
fulfilled in time
Whether commitments were
made regarding the horizontal
Yes
competition and connected
transaction.
Commitment fulfillment term Not applicable
With respect to the issue pointed out by the Shenzhen Securities Regulatory Bureau in 2007 at the
spot investigation of the Company, that "There is an issue of horizontal competition in the electronics
market business between the Company and SEG Group", the Company received the Letter of
Commitment from SEG Group on September 14, 2007, with the content as follows: SEG Group and
Solution Shenzhen SEG Co., Ltd. have similar business in electronics markets in Shenzhen (Shenzhen SEG),
and this is due to historic reasons and the objective background of market development; Our Group
hereby promises that we will not individually operate a market in a same city whose business is
similar with that of Shenzhen SEG. The aforesaid matter was disclosed on Securities Times, China
Securities Journal and Hong Kong Wen Wei Po and the Cninfo Website on September 18, 2007.
In order to solve the issue of horizontal competition between the Company and its controlling
shareholder, SEG Group, due to historical reasons, the 6th interim meeting of the 5th Board of
Directors held on January 26, 2011 reviewed and approved the Proposal of Solving the Horizontal
Competition between the Company and Its Controlling Shareholder. After friendly consultation, SEG
Commitment fulfillment Group agreed to entrust the Company to operate and manage with full authority SEG
Communications Market under direct management of SEG Group. Therefore, the two parties have
signed the entrustment operation and management contract: (1) SEG Group has the ownership and
the income right of SEG Communication Market and assumes all creditor's rights and liabilities
incurred during the operation of SEG Communications Market. (2) The management representative
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Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
from the Company shall operate and management SEG Communications Market during the period of
entrustment operation and management, who has a sufficient authority in operation and management
of SEG Communications Market. (3) In accordance with the provisions of the Company on
entrustment management of the electronics market and with full consideration to the maturity of the
entrusted market and whether the market is located in a primary business area, the Company shall
collect from SEG Group the management fee and profit fee as follows based on the market sound
value: the total income of SEG Communications Market in 2010, RMB 20,000,000 Yuan, shall be
regarded as the base number; the Company shall collect a management fee of RMB 200,000 Yuan
should the total income of the market in the current year is equal to or less than RMB 20,000,000
Yuan; the Company shall take 20% from the part beyond the base number apart from the management
fee that is RMB 200,000 Yuan should the total income in the current year exceed RMB 20,000,000
Yuan. The detailed information about the above-mentioned matter may be referred to in the Public
Notice on Shenzhen SEG Co., Ltd on the Related Transaction for the Purpose of Solving the Issue of
Horizontal Competition between the Company and the Controlling Shareholder that was disclosed on
the China Securities Journal, the Securities Times, the Hong Kong Commercial Daily and the Cninfo
Website on January 28, 2011. The Company has received the market management fee of RMB
200,000 Yuan paid by SEG Group on schedule in 2011 and 2012. Therefore, there is no longer the
issue of horizontal competition between the Company and SEG Group.
4. Estimation of the business performance from January to June in 2013
Warning and reasons for forecasts on loss of the accumulated net profit from the year beginning to the end of next period or sharp
year-on-year changes in net profit
□ Applicable √ Not applicable
5. Investment in securities
Gains
Shares
Shares and
Share-holdi held at Share-hold Ending
Short form The initial held at losses
Stock Stock ng period ing book Accounting Source of
of the investment period in the
type code proportion end proportion value item shares
security cost (Yuan) beginning report
(%) （share (%) （Yuan）
(share) period
）
(Yuan)
Long-term
Friendship 556,463. Initial
Share 600778 90,405.00 60,683 0.04% 60,683 0.04% 0.00 equity
Group 11 share
investments
ST Long-term
279,307,046 201,345,0 201,345, 109,215, -1,984, Initial
Share 000068 Huakong 22.45% 22.45% equity
.38 33 033 897.67 123.39 share
SEG investments
279,397,451 201,405,7 201,405, 109,772, -1,984,
Total -- -- -- --
.38 16 716 360.78 123.39
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Equity of other listed companies held by the Company
6. Investment in derivatives
Open positions of derivatives at the end of the report period
□ Applicable √ Not applicable
7. Registration form for investigations, communication and Interviews in the report period
Time Place Means Type Object Main content of discussion and the materials provided
Inquired about why the share of the Company is not
Jan 14, 2013 At the Company Phone call Individual Investor appreciated? The Company provided the basic information and
disclosed regular reports of the Company.
Inquired about the situation of Shenzhen SEG GPS Co., Ltd.
whose 12.5% shares are held by the Company and the main
Jan 15, 2013 At the Company Phone call Individual Investor
business of the Company. The Company provided the basic
information of the Company and Shenzhen SEG GPS Co., Ltd.
Inquired about the profits of the Company in 2012. The
Jan 16, 2013 At the Company Phone call Individual Investor
Company provided the third quarterly report in 2012.
Inquired about the size of the properties self-owned by the
Feb 25, 2013 At the Company Phone call Individual Investor Company. The Company provided the basic information and
disclosed regular reports of the Company.
Inquired about the GPS business and the main business of the
Company. The Company provided the basic information of
Mar 5, 2013 At the Company Phone call Individual Investor Shenzhen SEG GPS Co., Ltd. whose 12.5% shares are held by
the Company and the basic introduction and regular reports of
the Company.
Inquired about why the share of the Company was depreciated
Mar 12, 2013 At the Company Phone call Individual Investor and whether there were any important events. The Company has
provided the disclosed public announcements.
Inquire about the percentage of shares of Shenzhen SEG GPS
Mar 19, 2013 At the Company Phone call Individual Investor Co., Ltd. held by the Company. The Company informed that the
share-held percentage is 12.5%.
Inquire the performance and the profit distribution scheme of
the Company in 2012. The Company did not provided any
Mar 29, 2013 At the Company Phone call Individual Investor
documents. The investors shall read the 2012 annual report of
the Company which was disclosed on March 30th, 2013.
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Chapter Four Financial Statements
II. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Period-end balance Period-beginning balance
Current assets:
Monetary capital 458,403,562.62 453,132,467.18
Deposit reservation for balance
Loans to banks and other financial
institutions
Transaction financial assets
Notes receivable 70,000.00 200,000.00
Accounts receivable 14,976,505.51 10,742,406.91
Advances 32,251,660.19 37,983,011.33
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Interest receivable
Dividends receivable
Other receivables 44,493,597.28 18,231,238.23
Redemptory financial assets for
sale
Inventory 83,116,389.12 2,715,123.54
Non-current assets due within one
year
Other current assets 230,760,402.78 346,200,402.78
Total current assets 864,072,117.50 869,204,649.97
Non-current assets:
Entrusted loans and advances
141,140,963.85 135,557,219.04
issued
Financial assets available for sale 556,463.11 651,735.42
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Held-to-maturity investment
Long-term accounts receivable
Long-term equity investments 155,146,241.17 133,105,415.67
Investment properties 495,503,020.74 500,164,867.01
Fixed assets 43,243,982.94 43,166,491.52
Construction in progress 48,500.00 185,086.00
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil & gas assets
Intangible assets 432,911.06 453,282.22
Development expenses
Goodwill 10,328,927.82 10,328,927.82
Long-term deferred expenses 37,365,346.07 38,101,188.50
Deferred income tax assets 10,415,922.03 9,778,422.03
Other non-current assets
Total non-current assets 894,182,278.79 871,492,635.23
Total assets 1,758,254,396.29 1,740,697,285.20
Current liabilities:
Short-term loans 1,000,000.00
Loans from the Central Bank
Deposits attracted and accounts
due to banks and other financial
institutions
Loans from banks and other
financial institutions
Transaction financial liabilities
Notes payable
Accounts payable 2,465,170.81 4,011,377.73
Advances from customers 153,642,850.89 172,415,368.88
Financial assets sold for
repurchase
Commissions payable
Wages payable 8,299,334.61 10,656,207.14
Taxes payable 20,858,956.12 15,226,223.73
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Interest payable
Dividends payable 989,696.18 1,274,816.18
Other accounts payable 153,174,001.43 142,725,201.77
Reinsurance accounts payable
Insurance deposit
Acting trading securities
Acting underwriting securities
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 340,430,010.04 346,309,195.43
Non-current liabilities:
Long-term loans
Bonds payable
Long-term accounts payable
Special payables
Estimated liabilities 2,361,610.00 2,361,610.00
Deferred income tax liabilities 19,026,619.25 19,327,668.80
Other non-current liabilities 605,622.23 320,080.91
Total non-current liabilities 21,993,851.48 22,009,359.71
Total liabilities 362,423,861.52 368,318,555.14
Owners' equity (or shareholders' equity):
Paid-up capital (or share capital) 784,799,010.00 784,799,010.00
Capital reserve 404,332,756.34 404,380,330.57
Less: Treasury shares
Special reserve
Surplus public reserve 102,912,835.67 102,912,835.67
General risk provision
Retained profits -75,930,679.08 -96,419,229.99
Translation difference of the
financial statements in foreign currency
Total owners' equity attributable to the
1,216,113,922.93 1,195,672,946.25
parent company
Minority shareholders' equity 179,716,611.84 176,705,783.81
Total owners' equity (or shareholders' 1,395,830,534.77 1,372,378,730.06
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equity):
Total liabilities and owner's equity (or
1,758,254,396.29 1,740,697,285.20
shareholders' equity)
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
2. Balance sheet of the parent company
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Period-end balance Period-beginning balance
Current assets:
Monetary capital 268,528,831.78 296,491,241.42
Transaction financial assets
Notes receivable
Accounts receivable 320,000.00 320,000.00
Advances 2,861,560.00 2,761,960.00
Interest receivable
Dividends receivable
Other receivables 162,765,562.17 48,967,222.37
Inventory
Non-current assets due within one
year
Other current assets 162,480,000.00 292,380,000.00
Total current assets 596,955,953.95 640,920,423.79
Non-current assets:
Financial assets available for sale
Held-to-maturity investment
Long-term accounts receivable
Long-term equity investments 408,849,767.41 356,808,941.91
Investment properties 313,609,997.71 316,236,256.69
Fixed assets 20,752,919.04 21,005,561.80
Construction in progress
Engineering materials
Disposal of fixed assets
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Productive biological assets
Oil & gas assets
Intangible assets 169,006.80 207,404.28
Development expenses
Goodwill
Long-term expenses to be
2,648,842.78 2,868,032.83
apportioned
Deferred income tax assets 7,299,951.67 7,299,951.67
Other non-current assets
Total non-current assets 753,330,485.41 704,426,149.18
Total assets 1,350,286,439.36 1,345,346,572.97
Current liabilities:
Short-term loans
Transaction financial liabilities
Notes payable
Accounts payable 350,000.00 350,000.00
Advances from customers 50,954,206.18 76,224,535.77
Wages payable 2,734,278.75 4,373,229.79
Taxes payable 17,049,585.87 11,859,380.06
Interest payable
Dividends payable 119,803.29 119,803.29
Other accounts payable 76,988,794.67 65,167,926.86
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 148,196,668.76 158,094,875.77
Non-current liabilities:
Long-term loans
Bonds payable
Long-term accounts payable
Special payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
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Total liabilities 148,196,668.76 158,094,875.77
Owners' equity (or shareholders' equity):
Paid-up capital (or share capital) 784,799,010.00 784,799,010.00
Capital reserve 405,652,893.32 405,652,893.32
Less: Treasury shares
Special reserve
Surplus public reserve 102,912,835.67 102,912,835.67
General risk provision
Retained profits -91,274,968.39 -106,113,041.79
Translation difference of the
financial statements in foreign currency
Total owners' equity (or shareholders'
1,202,089,770.60 1,187,251,697.20
equity)
Total liabilities and owner's equity (or
1,350,286,439.36 1,345,346,572.97
shareholders' equity)
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
3. Consolidated profit statement
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Amount of the current period Amount of last period
1. Total operating revenue 133,517,969.30 110,887,458.49
Including: Operating revenue 133,517,969.30 110,887,458.49
Interest income
Earned premiums
Commissions income
2 Total operating cost 106,781,707.55 89,967,701.79
Including: Operating cost 93,553,445.30 76,515,413.50
Interest expenses
Commissions
Surrender value
Net compensation
pay-outs
Net insurance deposit
accrued
22
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Insurance dividends
Reinsurance expenses
Operating tax and
5,495,128.07 5,020,046.72
surcharges
Sale expenses 586,727.58 642,831.59
Management expenses 9,223,655.27 9,681,654.12
Financial expenses -2,192,428.52 -2,457,997.49
Loss from asset
115,179.85 565,753.35
impairment
Plus: income from change of
sound value (Loss is marked with "-")
Income from investment
5,769,732.16 4,320,493.67
(Loss is marked with "-")
Including: Income from
investment in joint ventures and
associated enterprises
Income from exchange
(Loss is marked with "-")
3. Operating profit (Loss is marked with
32,505,993.91 25,240,250.37
"-")
Plus: Non-operating revenue 919,996.92 902,170.04
Less: Non-operating expenses 719.94 5,587.65
Including: Loss from
disposal of non-current assets
4. Total profit (Total loss is marked with
33,425,270.89 26,136,832.76
"-")
Less: Income tax 9,110,315.06 6,659,347.04
5. Net profit (Net loss is marked with
24,314,955.83 19,477,485.72
"-")
Including: Net profit of the
purchased party realized before the
merger
Net profit attributable to
20,488,550.91 16,613,292.99
shareholders of the parent company
Profit and loss of minority
3,826,404.92 2,864,192.73
shareholders
6. Earnings per share -- --
(1) Basic earnings per share 0.0261 0.0212
23
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(2) Diluted earnings per share 0.0261 0.0212
7. Other comprehensive income -71,454.23 8,762.63
8. Total comprehensive income 24,243,501.60 19,486,248.35
Total comprehensive income
attributable to shareholders of the parent 20,440,976.68 16,619,127.15
company
Total comprehensive income
3,802,524.92 2,867,121.20
attributable to minority shareholders
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
4. Profit statement of the parent company
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Amount of the current period Amount of last period
1. Operating revenue 36,761,658.79 30,848,447.03
Less: Operating cost 15,708,552.12 13,835,506.69
Operating tax and surcharges 2,063,583.85 2,037,779.52
Sale expenses 0.00 0.00
Management expenses 4,495,185.27 4,433,198.77
Financial expenses -1,480,250.41 -2,054,581.99
Loss from asset impairment
Plus: income from change of
sound value (loss is marked with "-")
Income from investment
4,064,498.55 3,986,937.50
(loss is marked with "-")
Including: Income from
investment in joint ventures and
associated enterprises
2. Operating profit (loss is marked with
20,039,086.51 16,583,481.54
"-")
Plus: Non-operating revenue 83,320.00
Less: Non-operating expenses 4,034.65
Including: Loss from
disposal of non-current assets
3. Total profit (total loss is marked with
20,122,406.51 16,579,446.89
"-")
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Less: Income tax 5,284,333.11 3,636,785.65
4. Net profit (net loss is marked with
14,838,073.40 12,942,661.24
"-")
5. Earnings per share -- --
(1) Basic earnings per share 0 0
(2) Diluted earnings per share 0 0
6. Other comprehensive income 0.00 0.00
7. Total comprehensive income 14,838,073.40 12,942,661.24
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
5. Consolidated cash flow statement
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Amount of the current period Amount of last period
1. Cash flow from operating activities
Cash received from selling of
116,765,324.27 108,074,162.75
goods and provision of service
Net increase of customers'
deposits and accounts due to banks and 0.00 0.00
other financial institutions
Net increase of loans from the
0.00 0.00
Central Bank
Net increase of loans from other
0.00 0.00
financial institutions
Cash received from premiums of
0.00 0.00
original insurance contracts
Net cash received from
0.00 0.00
reinsurance business
Net increase of deposit of the
0.00 0.00
insured and investment
Net increase of income from
0.00 0.00
disposal of transaction financial assets
Cash received from interest and
8,241,020.99 3,938,358.93
commissions
Net increase of loans from banks 0.00 0.00
25
Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
and other financial institutions
Net increase of redemption capital 0.00 0.00
Tax refunds 0.00 0.00
Other cash received concerning
138,082,627.30 157,680,892.85
operating activities
Subtotal of cash inflow from operating
263,088,972.56 269,693,414.53
activities
Cash paid for goods and service 141,753,366.39 50,792,464.15
Net increase of loans to customers
5,698,024.66 57,173,834.33
and advances
Net increase of accounts due from
the Central Bank and other financial 0.00 0.00
institutions
Cash paid for compensation
0.00 0.00
pay-outs of original insurance contracts
Cash paid for interest and
0.00 0.00
commissions
Cash paid as insurance dividends 0.00 0.00
Cash paid to and on behalf of
19,031,752.00 17,775,740.32
employees
Taxes paid 27,602,715.62 22,242,750.05
Other cash paid concerning
148,131,797.31 110,060,253.22
operating activities
Subtotal of cash outflow for operating
342,217,655.98 258,045,042.07
activities
Net cash flow arising from operating
-79,128,683.42 11,648,372.46
activities
2. Cash flow from operating activities
Cash received from withdrawal of
594,820,000.00 428,960,000.00
investment
Cash received from investment
6,784,658.10 2,288,189.36
income
Net cash received from disposal
of fixed assets, intangible assets and 0.00 0.00
other long-term assets
Net cash received from disposal
0.00 0.00
of subsidiaries and other business units
Other cash received concerning 0.00 0.00
26
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investment activities
Subtotal of cash inflow from investment
601,604,658.10 431,248,189.36
activities
Cash paid for purchase and
construction of fixed assets, intangible 3,418,600.09 1,726,165.00
assets and other long-term assets
Cash paid for investment 514,480,070.26 571,960,000.00
Net increase of mortgage loans 0.00 0.00
Net cash paid for acquisition of
0.00 0.00
subsidiaries and other operating units
Other cash paid concerning
0.00 0.00
operating activities
Subtotal of cash outflow for investment
517,898,670.35 573,686,165.00
activities
Net cash flow arising from investment
83,705,987.75 -142,437,975.64
activities
3. Cash flow from financing activities:
Cash received from attraction of
0.00 0.00
investment
Including: Cash received by
subsidiaries from investment of minority 0.00 0.00
shareholders
Cash received from obtainment of
20,000,000.00 0.00
loans
Cash received from issuance of
0.00 0.00
bonds
Other cash received concerning
0.00 0.00
financing activities
Subtotal of cash inflow from financing
20,000,000.00 0.00
activities
Cash paid for repayment of debts 19,000,000.00 0.00
Cash paid for distribution of
dividends and profit or repayment of 306,208.89 0.00
interest
Including: Dividends and profit
paid by subsidiaries to minority 0.00 0.00
shareholders
Other cash paid concerning
0.00 0.00
financing activities
27
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Subtotal of cash outflow for financing
19,306,208.89 0.00
activities
Net cash flow arising from financing
693,791.11 0.00
activities
4. Influence of exchange rate fluctuation
0.00 451.72
on cash and cash equivalents
5 Net Increase of cash and cash
5,271,095.44 -130,789,151.46
equivalents
Plus: Period-beginning balance of
453,132,467.18 644,439,198.78
cash and cash equivalents
6. Period-end balance of cash and cash
458,403,562.62 513,650,047.32
equivalents
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
6. Cash flow statement of the parent company
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB Yuan
Item Amount of the current period Amount of last period
1. Cash flow from operating activities
Cash received from selling of
20,497,611.20 21,799,176.11
goods and provision of service
Tax refunds 0.00 0.00
Other cash received concerning
38,014,290.84 44,572,118.95
operating activities
Subtotal of cash inflow from operating
58,511,902.04 66,371,295.06
activities
Cash paid for goods and service 6,949,147.89 7,452,647.53
Cash paid to and on behalf of
7,873,492.37 7,624,791.73
employees
Taxes paid 19,491,165.63 16,206,573.15
Other cash paid concerning
136,565,360.84 28,115,676.71
operating activities
Subtotal of cash outflow for operating
170,879,166.73 59,399,689.12
activities
Net cash flow arising from operating -112,367,264.69 6,971,605.94
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activities
2 Cash flow from operating activities
Cash received from withdrawal of
529,360,000.00 381,960,000.00
investment
Cash received from investment
5,079,424.49 1,954,633.19
income
Net cash received from disposal
of fixed assets, intangible assets and 0.00 0.00
other long-term assets
Net cash received from disposal
0.00 0.00
of subsidiaries and other business units
Other cash received concerning
0.00 0.00
investment activities
Subtotal of cash inflow from investment
534,439,424.49 383,914,633.19
activities
Cash paid for purchase and
construction of fixed assets, intangible 68,818.00 644,435.00
assets and other long-term assets
Cash paid for investment 449,965,751.44 519,960,000.00
Net cash paid for acquisition of
0.00 0.00
subsidiaries and other operating units
Other cash paid concerning
0.00 0.00
operating activities
Subtotal of cash outflow for investment
450,034,569.44 520,604,435.00
activities
Net cash flow arising from investment
84,404,855.05 -136,689,801.81
activities
3. Cash flow from financing activities:
Cash received from attraction of
0.00 0.00
investment
Cash received from obtainment of
0.00 0.00
loans
Cash received from issuance of
0.00 0.00
bonds
Other cash received concerning
0.00 0.00
financing activities
Subtotal of cash inflow from financing
0.00 0.00
activities
29
Full Text of 2013 Q1 Report of Shenzhen SEG Co., Ltd.
Cash paid for repayment of debts 0.00 0.00
Cash paid for distribution of
dividends and profit or repayment of 0.00 0.00
interest
Other cash paid concerning
0.00 0.00
financing activities
Subtotal of cash outflow for financing
0.00 0.00
activities
Net cash flow arising from financing
0.00 0.00
activities
IV. Influence of exchange rate
0.00 451.72
fluctuation on cash and cash equivalents
5. Net Increase of cash and cash
-27,962,409.64 -129,717,744.15
equivalents
Plus: Period-beginning balance of
296,491,241.42 510,486,998.56
cash and cash equivalents
6 Period-end balance of cash and cash
268,528,831.78 380,769,254.41
equivalents
Legal representative: Wang Li Person in charge of accounting work: Li Lifu Person in charge of accounting institution: Ying Huadong
Auditor's Report
Has the first quarterly report been audited?
□ Yes √ No
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