Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
Q3 2017 Report
October 2017
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice
The Board of Directors, the Board of Supervisors, the directors, the supervisors, and the
senior executives guarantee that the quarterly report is authentic, accurate and complete
and that it has no false records, misleading statements or major omissions and they
undertake joint and several legal liabilities.
All of the directors have attended this board meeting reviewing the quarterly report.
Chairman of the Board Wang Bao, the Chief Financial Officer Liu Zhijun and the
responsible person of the accounting institution (accountant in charge) Ying Huadong
hereby declare that the Financial Statements enclosed in this quarterly report are true,
accurate and complete.
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Definitions
Definition refers to Description
This Company, the Company, the listed
refers to Shenzhen SEG Co., Ltd.
company, Shen SEG
Shenzhen SEG Group Co., Ltd. refers to Shenzhen SEG Group Co., Ltd.
Wujiang SEG refers to Wujiang SEG Market Management Co., Ltd.
Nanning SEG refers to Nanning SEG Digital Plaza Management Co., Ltd.
SEG Baohua refers to Shenzhen SEG Baohua Enterprise Development Co., Ltd.
SEG Industry refers to Shenzhen SEG Industrial Investment Co., Ltd.
SEG Credit refers to Shenzhen SEG Credit Co., Ltd.
Nantong SEG refers to Nantong SEG Times Plaza Development Co., Ltd.
SEG Longyan refers to Shenzhen SEG Longyan Energy Technology Co., Ltd.
SEG Real Estate refers to SEG Real Estate Investment Co., Ltd.
SEG Property Development refers to SEG Property Development Co., Ltd.
Shenzhen SEG New Urban Construction Development Co.,
SEG New Urban refers to
Ltd.
The Company has purchased 100% of the equity of
SegMaker, 55% of the equity of SEG Kangle, 100% of the
Major assets restructuring refers to equity of SEG Property Development and 79.02% of the
equity of SEG Real Estate held by SEG Group by means of
issuing shares and paying cashes to acquire assets.
Four target companies, that is, SEG Real Estate, SEG
Target companies refers to Property Development, SEG Kangle, and SegMaker by
means of major assets restructuring
Beijing SEG refers to Beijing SEG Real Estate Development Co., Ltd.
SEG Wisdom refers to SEG Wisdom Sports and Culture Development Co., Ltd.
SEG E-commerce refers to Shenzhen SEG E-commerce Co., Ltd.
Huakong SEG refers to Shenzhen Huakong SEG Co., Ltd.
China International Consumer Electronics
CEEC refers to
Exchange/Exhibition Center
Youhao Group refers to Xinjiang Youhao (Group) Co., Ltd
Articles of Association refer to Articles of Association of Shenzhen SEG Co., Ltd.
Unless otherwise specified, the amount
refers to Amount in CNY
referred to in the report
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments required to previous financial statements?
√ Yes □ No
Reason for retrospective adjustments or restatement
Merger of enterprises under common control
Year-on-year
Year-end amount
Closing amount increase/decrease
Before adjustment After adjustment After adjustment
Total assets (Yuan) 7,397,829,303.20 2,548,276,265.32 6,923,273,093.64 6.85%
Net assets attributable to shareholders
1,775,988,200.30 1,548,200,647.55 2,412,301,070.04 -26.38%
of the listed company (Yuan)
From the beginning
Current reporting Year-on-year of the year to the Year-on-year
period increase/decrease end of the reporting increase/decrease
period
Operating revenue (Yuan) 264,775,121.17 -12.70% 857,121,747.39 -16.58%
Net profit attributable to shareholders
19,184,279.34 -50.36% 69,193,064.76 -51.80%
of the listed company (Yuan)
Net profit attributable to shareholders
of the listed company after deduction 19,569,428.60 -9.51% 50,348,311.87 3.15%
of non-recurring profit or loss (Yuan)
Net cash flow arising from operating
-- -- 280,162,722.60 -4.58%
activities (Yuan)
Basic EPS (Yuan/Share) 0.0155 -50.48% 0.0560 -51.81%
Diluted EPS (Yuan/Share) 0.0155 -50.48% 0.0560 -51.81%
Weighted average ROE 1.07% -35.14% 3.31% -2.99%
Note: 1. The Company has issued shares and purchased underlying assets for major assets restructuring in Q1 2017. Four
target companies, that is, SEG Real Estate, SEG Kangle, SegMaker, and SEG Property Development, have completed
asset transfer on January 19, 2017. The Company has included these underlying assets in the consolidated statements
since February 2017. In addition, the financial statements are retrospectively adjusted.
2. The net profit attributable to the parent company accumulated from the beginning of the year to the end of the
reporting period decreased by 51.8% year on year. The main reasons are the Huizhou Qunxing Real Estate project of
SEG Real Estate had a large amount of loss or gain brought forward. In the reporting period, this project entered into the
late stage to sell the remaining buildings, so the amount of loss or gain brought forward was smaller; the New Urban
Plaza project of SEG Real Estate has pre-sold 1.431 billion Yuan in the reporting period, but has not yet satisfied the
requirement of confirmation, and it is estimated that the project will start to carry over the income from Q4 quarter of
2017 and increase the Company’s profit considerably.
Items and amount of non-recurring profit or loss:
√ Applicable □ Not applicable
Unit: Yuan
Item Amount Remarks
Profit or loss on disposal of non-current assets (including the write-off of assets
-127,406.01
depreciation reserves)
Government subsidies included in current profit or loss (except those closely
related with corporate business and enjoyed according to national standards or 4,167,250.10
certain quota)
Capital occupation fee collected from non-financial enterprises recognized in
1,676,532.33
current profit or loss
Current net profit or loss of subsidiaries arising from merger of enterprises under
10,632,970.72
common control from the beginning of the period to the date of merger
Trustee fee income from entrusted operation 68,759.04
Other non-recurring profit or loss items 10,467,166.60
Less: Amount of affected income tax 4,063,075.52
Amount of influence of minority shareholders' equity (after tax) 3,977,444.37
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Total 18,844,752.89 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss
according to the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public—Non-recurring Profit and Loss and the reason of classifying the non-recurring profit and loss listed in this
announcement as recurring.
□ Applicable √ Not applicable
In the reporting period, it does not happen that the Company defines the non-recurring profit and loss items defined or
listed by Interpretive Bulletin No. 1 on Information Disclosure by Companies Publicly Issuing Securities - Non-recurring
Profit or Loss as recurring profit and loss items.
II. Total number of shareholders and shares held by top 10 shareholders at the end of the reporting
period
1. Total number of ordinary shareholders and preferred shareholders restored with voting rights and shares held
by top 10 shareholders
Unit: Share
Total number of ordinary Total number of preferred
shareholders at the end of the 72,389 shareholders restored with 0
reporting period the voting rights (if any)
Shares held by top 10 shareholders
Quantity of Information on pledged or frozen
Name of Nature of Proportion of
Shares held restricted shares shares
shareholder shareholder shareholding
held Share status Quantity
Shenzhen SEG State-owned
55.70% 688,216,905 450,857,239
Group Co., Ltd. legal person
Liu Guocheng Domestic
0.56% 6,891,302 0
(Share B) natural person
Domestic
Zhang Jiao 0.33% 4,046,989 0
natural person
Zhuhai
Huisheng Asset
Management
Co., Ltd. – Others 0.29% 3,522,000 0
Huisheng No. 1
private equity
fund
Liu Guohong Domestic
0.25% 3,045,839 0
(Share B) natural person
Domestic
Han Wenji 0.24% 2,980,000 0
natural person
Gong Qianhua Overseas natural
0.24% 2,940,000 0
(Share B) person
China Securities
Domestic
Finance
non-state-owned 0.18% 2,271,900 0
Corporation
legal person
Limited
Domestic
Liu Liang 0.18% 2,206,600 0
natural person
Guangfa Funds
- Guangzhou
Rural
Commercial
Bank - Others 0.17% 2,090,400 0
Shenzhen
Rongtong
Capital
Management
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Co., Ltd.
Information on top 10 shareholders of non-restricted shares
Type of share
Name of shareholder Quantity of unrestricted ordinary shares held
Type of share Quantity
RMB ordinary
Shenzhen SEG Group Co., Ltd. 237,359,666 237,359,666
shares
Domestically
Liu Guocheng (Share B) 6,891,302 listed foreign 6,891,302
shares
RMB ordinary
Zhang Jiao 4,046,989 4,046,989
shares
Zhuhai Huisheng Asset
Management Co., Ltd. – RMB ordinary
3,522,000 3,522,000
Huisheng No. 1 private equity shares
fund
Domestically
Liu Guohong (Share B) 3,045,839 listed foreign 3,045,839
shares
RMB ordinary
Han Wenji 2,980,000 2,980,000
shares
Domestically
Gong Qianhua (Share B) 2,940,000 listed foreign 2,940,000
shares
China Securities Finance RMB ordinary
2,271,900 2,271,900
Corporation Limited shares
RMB ordinary
Liu Liang 2,206,600 2,206,600
shares
Guangfa Funds - Guangzhou
Rural Commercial Bank - RMB ordinary
2,090,400 2,090,400
Shenzhen Rongtong Capital shares
Management Co., Ltd.
Shenzhen SEG Group Co., Ltd. has no association relationship with other
Explanations on the association
shareholders and is not a person acting in concert with other shareholders as specified
relationship or concerted action
in the Management Methods for Disclosure of Information on Changes of
among the above-mentioned
Shareholding Status of Shareholders of Listed Companies. It is unclear whether other
shareholders
shareholders are persons acting in concert.
Information on top 10 ordinary In the foregoing top 10 shareholders, Zhang Jiao holds 0 share of the Company in the
shareholders participating in ordinary account and 4,046,989 shares in the margin trading investor credit account,
securities margin trading (if any) which are 4,046,989 shares in total.
Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct
agreed repurchase transactions in the reporting period?
□ Yes √ No
The top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares did not
conduct agreed repurchase transactions in the reporting period.
2. Total number of preferred shareholders and shares held by top 10 preferred shareholders
□ Applicable √ Not applicable
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Chapter 3 Important Matters
I. Changes in main financial data and financial indicators of the reporting period and reasons
√ Applicable □ Not applicable
(I) Items of Balance Sheet Statement
Item Closing balance Opening balance Difference Increase or decrease
over the previous year
(%)
Lending funds - 40,000,000.00 -40,000,000.00 -100.00%
Notes receivable - 100,792.00 -100,792.00 -100.00%
Accounts receivable 91,439,683.76 58,949,389.88 32,490,293.88 55.12%
Interest receivable - 287,698.63 -287,698.63 -100.00%
Construction in progress 48,706,112.19 37,092,227.51 11,613,884.68 31.31%
Intangible assets 32,405,659.95 2,681,527.40 29,724,132.55 1108.48%
Other non-current assets 88,000,000.00 13,804,660.46 74,195,339.54 537.47%
Short-term borrowing 545,000,000.00 355,000,000.00 190,000,000.00 53.52%
Advance receipts 1,353,034,003.68 923,965,168.05 429,068,835.63 46.44%
Payroll payable 21,235,179.84 35,464,329.86 -14,229,150.02 -40.12%
Interest payable 5,047,883.93 3,357,745.13 1,690,138.80 50.34%
Dividends payable 3,743,038.52 15,132,970.78 -11,389,932.26 -75.27%
Other payables 1,422,081,936.83 800,746,883.93 621,335,052.90 77.59%
Non-current liabilities due within 781,074,765.50 491,561,661.33 289,513,104.17 58.90%
one year
Long-term loan 584,500,000.00 1,030,000,000.00 -445,500,000.00 -43.25%
Estimated liabilities 146,250.00 232,500.00 -86,250.00 -37.10%
Paid-up capital (share capital) 1,235,656,249.00 784,799,010.00 450,857,239.00 57.45%
Capital reserve 175,086,543.13 1,294,371,135.89 -1,119,284,592.76 -86.47%
Other comprehensive income 190,982.67 296,235.62 -105,252.95 -35.53%
1. Lending funds decreased by RMB 40 million or 100% year on year, mainly because SEG Credit, a holding subsidiary of the
Company, withdrew lending funds in the reporting period.
2. Notes receivable decreased by RMB 100,000 or 100% year on year, mainly because the rents of Wujiang SEG, a holding
subsidiary of the Company, settled by notes decreased.
3. Accounts receivable increased by RMB 32.49 million or 55.12% year on year, mainly because the property management fees
receivable of SEG Real Estate Property on an accrual basis increased by RMB 25.7 million. Accounts receivable of SEG Industry was
involved in proceedings and increased by RMB 9.49 million.
4. Interest receivable decreased by RMB 290,000 or 100% year on year, mainly because all interests on bank financing were
recovered in the reporting period.
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
5. Construction in progress increased by RMB 11.61 million or 31.31% year on year, mainly due to an increase of RMB 7.46
million arising from the construction project of SEG Longyan Industrial Park and an increase of RMB 6.86 million arising from
investment in decoration and renovation of SEG Kangle Building of the Company in the reporting period.
6. Intangible Assets increased by RMB 29.72 million or 1,108.48% year on year, mainly because SEG acquired the land use
right in Shenzhen-Shanwei Cooperation Zone in the reporting period.
7. Other non-current assets increased by RMB 74.2 million or 537.47% year on year, mainly because SEG Longyan's advance
payment for key equipment in CdTe film PV cell module production line, RMB 88 million, was included in this item.
8. Short-term borrowings increased by RMB 190 million or 53.52% year on year, mainly because the Company incurred bank
short-term loans in the reporting period.
9. Advance receipts increased by RMB 429.07 million or 46.44% year on year, mainly due to an increase of RMB 642.63
million arising from advance payment for house received by SEG New Urban in the reporting period.
10. Payroll payable decreased by RMB 14.23 million or 40.12% year on year, mainly because wages and bonuses accrued in the
previous year were granted in the reporting period.
11. Interest payable increased by RMB 1.69 million or 50.34% year on year, mainly due to increase in loans of the Company
and increase in interests on bank loans on a monthly basis in the reporting period.
12. Dividends payable decreased by RMB 11.39 million or 75.27% year on year, mainly because SEG Credit paid dividends of
RMB 11.97 million to minority shareholders in the reporting period.
13. Other payables increased by RMB 621.34 million or 77.59% year on year, mainly because the Company incurred the cash
consideration payable for issuing shares to and purchasing assets from the controlling shareholder SEG Group RMB 675.63 million
due to major assets restructuring in the reporting period.
14. Non-current liabilities due within one year increased by RMB 289.51 million or 58.9% year on year, mainly because
long-term borrowings of SEG Real Estate will be due within one year and be carried forward to this item.
15. Long-term borrowings decreased by RMB 445.5 million or 43.25% year on year, mainly because some long-term
borrowings of SEG Real Estate will be due within one year and carried forward to current liabilities.
16. Estimated liabilities decreased by RMB 90,000, or 37.1% year on year, mainly because Beijing SEG returned the liquidated
damages to the suppliers in the reporting period.
17. Paid-up capital (share capital) increased by RMB 450.86 million or 57.45% year on year, mainly because the Company
issued 450.85 million shares to SEG Group to purchase underlying assets due to major assets restructuring in the reporting period.
18. Capital reserve decreased by RMB 1119.28 million or 86.47% year on year, mainly because the Company issued shares to
SEG Group to purchase equities of four targeted companies (business combination under common control) due to major assets
restructuring in the reporting period. (1) According to the Accounting Standards for Business Enterprises, the Company shall take the
carrying amount of owners' equity share of targeted companies as the initial cost of long-term equity investment, and offset the capital
reserve against the difference between long-term equity investment and the sum of the book value and consideration. (2) The
company's statements are subject to retroactive adjustment, while the capital reserve at the beginning of the period includes the share
capital and consideration not subject to retroactive adjustment. At the end of the reporting period, the share capital for private
placement and consideration have been recognized based on the actual amount, so this item decreased after adjustment.
19. Other comprehensive income decreased by RMB 110,000 or 35.53% year on year mainly due to slump in the stock of
Youhao Group (available-for-sale financial assets of the Company) recognized at the fair value in the reporting period.
(II) Items of Profit Statement
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
Item Amount incurred in Amount of the previous Difference Increase or decrease
the current period period over the previous
year (%)
Commission charge and commission 888,016.65 4,309,315.96 -3,421,299.31 -79.39%
income
Interest expenses 0.00 465,888.89 -465,888.89 -100.00%
Tax and surcharge 14,043,362.00 46,889,775.45 -32,846,413.45 -70.05%
Financial costs 16,196,131.68 9,000,226.00 7,195,905.68 79.95%
Loss from asset impairment 4,189,148.15 -4,106,540.24 8,295,688.39
Investment income 4,144,939.36 7,773,264.55 -3,628,325.19 -46.68%
Non-operating income 11,513,024.15 74,032,605.23 -62,519,581.08 -84.45%
Non-operating expenses 1,583,510.27 4,957,287.90 -3,373,777.63 -68.06%
Other comprehensive income -158,032.32 -82,762.10 -75,270.22 90.95%
1. Commission charge and commission income decreased by RMB 3.42 million or 79.39% year on year, mainly because SEG
Credit gained commission income from financing services in the same period of last year, but did not provide similar services this year,
resulting in decrease in this item.
2. Interest expenses decreased by RMB 470,000 or 100% year on year, mainly because SEG Credit obtained external financing
and thus had interest expense in the same period of last year, while SEG Credit had no external financing in the reporting period.
3. Tax and surcharge decreased by RMB 32.85 million or 70.05% year on year. As the program of replacing business tax with
value-added tax (VAT) has been carried out since May 1, 2016, the Company's business tax for property operation and electronics
market from January to April 2016 were included in this item, while the Company paid VAT this year, which was not included in this
item.
4. Financial expenses increased by RMB 7.2 million or 79.95% year on year, mainly because the Company loaned for Nantong
SEG Times Plaza and incurred interest capitalization of RMB 6.58 million in the same period last year, while Nantong SEG has been
opened for business in the reporting period, interest expenses were no longer capitalized and included in financial expenses in full,
resulting in increase in this item.
5. Loss from asset impairment increased by RMB 8.3 million year on year, mainly because SEG Credit, a holding subsidiary of
the Company, conducted a depreciation test according to the five-category classification policy and accrued loan loss reserves of RMB
3.55 million in the reporting period, while SEG Credit conducted a depreciation test according to the five-category classification
policy and reversed loan loss reserves of RMB 4.48 million.
6. Investment income increased by RMB 3.63 million or 46.68% year on year, mainly because CEEC and SEG Wisdom
incurred losses with the equity method in the reporting period, the investment income of the Company decreased by RMB 2.95 million
year on year, and the Company's fund for financial management decreased, resulting in decrease in income from financial
management.
7. Non-operating income decreased by RMB 62.52 million or 84.45% year on year, mainly because SEG Real Estate transferred
48 houses involved in property ownership disputes to guarantee the progress of major assets restructuring and gained non-operating
income of RMB 60.59 million in the same period of last year, while such income was not incurred in the reporting period.
8. Non-operating expenses decreased by RMB 3.37 million or 68.06% year on year, mainly because the Company paid the
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
compensation of RMB 3.7 million for the lawsuit involving Nanning SEG in the same period of last year.
9. Other comprehensive income decreased by RMB 80,000 or 90.95% year on year, mainly due to a slump in the stock of
Youhao Group held by SEG Baohua, a holding subsidiary of the Company, in the reporting period.
(III) Items of Cash Flow Statement
Item Amount incurred in Amount of the previous Difference Increase or
the current period period decrease over the
previous year (%)
Tax refunds 749,351.94 82,932,677.81 -82,183,325.87 -99.10%
Cash paid for goods and services 685,380,979.09 1,089,557,549.61 -404,176,570.52 -37.10%
Net increase in customer loans and -29,325,104.19 -44,885,258.00 15,560,153.81 -34.67%
advances
Taxes paid 249,526,081.87 164,892,262.56 84,633,819.31 51.33%
Net cash received from disposal of fixed 2,320.00 69,137.75 -66,817.75 -96.64%
assets, intangible assets and other
long-term assets
Cash paid for purchase and construction 122,826,868.88 78,818,108.80 44,008,760.08 55.84%
of fixed assets, intangible assets and
other long-term assets
Cash paid for investment 1,477,819,502.86 1,030,804,260.00 447,015,242.86 43.37%
Net cash received from subsidiaries and 0.00 17,500,000.00 -17,500,000.00 -100.00%
other entities
Cash received from borrowing 650,000,000.00 1,403,420,000.00 -753,420,000.00 -53.68%
Cash paid for debt repayment 681,901,725.48 1,036,325,984.18 -354,424,258.70 -34.20%
1. Tax refunds decreased by RMB 82.18 million or 99.1% year on year, mainly because SEG E-commerce gained the tax refund
of RMB 82.93 for the supply chain business in the same period of last year. The Company completed equity transfer of SEG
E-commerce in November 2016, and the cash flow statement of SEG E-commerce was no longer consolidated in the reporting period.
2. Cash paid for goods and services decreased by RMB 404.18 million or 37.1% year on year, mainly because (1) SEG
E-commerce received the payment for goods of RMB 227.11 million for domestic trade in the same period of last year. The Company
completed equity transfer of SEG E-commerce in November 2016, and the cash flow statement of SEG E-commerce was no longer
consolidated in the reporting period. (2) Business shrinkage of SEG Industry resulted in decrease in the payment for goods and
decrease in this item by RMB 84.51 million. (3) Nantong SEG and SEG Real Estate reduced investment due to completion of projects
and decrease in this item by RMB 111.38 million.
3. Net increase in customer loans and advances increased by RMB 15.56 million or 34.67% year on year, mainly due to
decrease in the size of loans issued by SEG Credit in the reporting period.
4. Taxes paid increased by RMB 84.63 million or 51.33% year on year, mainly because increase in pre-sold houses resulted in
increase in prepaid taxes in the reporting period.
5. Net cash received from disposal of fixed assets, intangible assets and other long-term assets increased by RMB 44.01 million
or 55.84% year on year, mainly because SEG Longyan, a new subsidiary of the Company, incurred RMB 95.32 million for its new
industrial park.
6. Cash paid for investment increased by RMB 447.02 million or 43.37% year on year, mainly because the Company's financial
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
funds were accumulated at a faster pace and the principal paid for financial management in the bank increased.
7. Net cash received from subsidiaries and other entities decreased by RMB 17.5 million or 100% year on year, mainly because
SEG Real Estate and SEG Property paid the investment of RMB 17.5 million for 29.75% of the equity of Shenzhen Zhonghai SEG
Intelligent Parking Development Co., Ltd. in the same period of last year.
8. Cash received from borrowing decreased by RMB 753.42 million or 53.68% year on year, mainly due to decrease in bank
loans obtained by the Company in the reporting period.
9. Cash paid for debt repayment decreased by RMB 354.42 million or 34.2% year on year, mainly due to decrease in bank loans
due for repayment of the Company in the reporting period
II. Progress and impacts of significant events and analysis of solutions
√ Applicable □ Not applicable
None
Inquiry Index for the Websites Disclosing
Overview of Important Events Disclosure Date
the Temporary Reports
1. Annual equity distribution in 2016 Announcement of Shenzhen SEG Co., Ltd.
The Company passed the Proposal on Profit on Proposal on Profit Distribution and
Distribution and Transfer of Capital July 6, 2017 Transfer of Capital Reserves to Share
Reserves to Share Capital in 2016 at the 4th Capital in 2016 disclosed on
extraordinary general meeting of http://www.cninfo.com.cn/
shareholders in 2017. In accordance with
the aforesaid proposal and the
Announcement of Shenzhen SEG Co., Ltd.
on Annual Equity Distribution in 2016
issued on August 11, 2017, the annual
equity distribution plan of the Company in Announcement of Shenzhen SEG Co., Ltd.
2016 was as follows: based on the total August 11, 2017 on Annual Equity Distribution of 2016
existing total share capital of 1,235,656,249 disclosed on http://www.cninfo.com.cn/
shares, the Company distributed RMB 0.3
by cash (tax included) for every 10 shares to
all shareholders. As of August 21, the
Company's equity distribution has been
completed.
2. Adjustment of the price and number
of stocks issued for raising supporting funds Announcement of Shenzhen SEG Co., Ltd.
Considering the Company completed annual on Adjustment of the Price and Number of
equity distribution of 2016, according to the Stocks Issued for Raising Supporting Funds
Reorganization Report and agreements Involved in Share Issuance and Cash
August 22, 2017
concerning this transaction, the Company Payment to Acquire Assets and Raise
adjusted the price and number of stocks Supporting Funds after Annual Equity
issued for raising supporting funds as Distribution in 2016 disclosed on
follows: (1) The price of stocks issued for http://www.cninfo.com.cn/
raising supporting funds was changed from
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
a minimum of RMB 9.94 per share to a
minimum of RMB 9.91 share; (2) The
number of stocks issued for raising
supporting funds was changed from a
maximum of 201,207,243 shares to a
maximum of 201,816,347 shares.
3. Change of chairman of the Company Announcement of Shenzhen SEG Co., Ltd.
Mr. Wang Li, chairman & director of the August 31, 2017 on Resignation of the Chairman disclosed
Company, applied for resignation to the on http://www.cninfo.com.cn/
Board of Directors on August 30, 2017. The
Company re-elected a director according to
Announcement of Shenzhen SEG Co., Ltd.
relevant laws, regulations and provisions
on Resolutions of the 5th Extraordinary
and procedures stipulated in the Articles of
General Meeting of Shareholders in 2017
Association. Mr. Wang Bao was elected as
and Announcement of Shenzhen SEG Co.,
director of the 7th Session of the Board of September 26, 2017
Ltd. on Resolutions of the 25th Interim
Directors at the 5th extraordinary general
Meeting of the 7th Session of the Resolution
meeting of shareholders in 2017, and
of the Board of Directors disclosed on
chairman of the 7th Session of the Board of
http://www.cninfo.com.cn/
Directors at the 25th interim meeting of the
7th Session of the Board of Directors.
4. Reduction of share holdings of Announcement of Shenzhen SEG Co., Ltd.
Huakong SEG on Proposed Reduction of Share Holdings
September 9, 2017
In order to maximize the efficiency of stock of Shenzhen Huakong SEG Co., Ltd.
assets of the Company, improve the asset disclosed on http://www.cninfo.com.cn/
and business structure of the Company, the
Company intended to reduce all share
holdings of Huakong SEG. The Company
will sell no more than 20,133,429 shares of
Huakong SEG (accounting for no more than
2% of shares of Huakong SEG) by Announcement of Shenzhen SEG Co., Ltd.
centralized trading of securities at on Resolutions of the 4th Extraordinary
September 26, 2017
competing prices depending on the stock General Meeting of Shareholders in 2017
market quotation within the six months, and disclosed on http://www.cninfo.com.cn/
authorize the management to have
personnel take charge of specific operation
within the scope of authority of the general
meeting. Reduction of share holdings has
started since October 9, 2017.
5. Plan to increase share holdings of the Announcement of Shenzhen SEG Co., Ltd.
Company on the Plan of Some Directors, Supervisors,
Due to confidence in the prospect of the Senior Executives and Middle Management
September 21, 2017
Company and recognition of the value of of the Controlling Shareholder to Increase
the Company, some directors, supervisors, Share Holdings of the Company disclosed
senior executives and middle management on http://www.cninfo.com.cn/
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Full Text of Q3 2017 Report of Shenzhen SEG Co., Ltd.
of Shenzhen SEG Group, the controlling
shareholder of the Company, and Some
directors, supervisors, senior executives and
middle management of the Company plan to
increase share holdings of the Company by
centralized trading of securities at
competing prices within the next six
months, which are expected to be no less
than RMB 5 million in total.
III. Commitments not fulfilled in the reporting period by the actual controller of the Company,
shareholders, buyers, or other related parties
□ Applicable √ Not applicable
There are no commitments that are not fulfilled in the reporting period by the actual controller of the Company,
shareholders, buyers, or other related parties.
IV. Estimation of operating results of Year 2017
Warning of negative estimated accumulated net profit from the beginning of the year to the end of the next
reporting period or large fluctuation over the same period of the previous year and causes
√ Applicable □ Not applicable
Performance forecast: sharp rise towards same direction compared with the same period of last year (before
adjustment)
Type of data filled in the performance forecast: exact number
Same period
From the beginning of the
last year
year to the end of next Decrease or increase
(before
period
adjustment)
Estimated accumulated net
21,000 10,756 Increase 95.24%
profit (RMB 10,000)
Basic earnings per share
0.170 0.137 Increase 24.00%
(Yuan/share)
1. The Company has issued shares and purchased underlying assets for major assets
restructuring in Q1 2017. The Company has purchased 100% of the equity of
SegMaker, 55% of the equity of SEG Kangle, 100% of the equity of SEG Property
Development and 79.02% of the equity of SEG Real Estate held by SEG Group by
means of issuing shares and paying cashes to acquire assets. The four target
Notes to earnings forecast
companies have completed asset transfer on January 19, 2017. As the Company
includes these underlying assets in the consolidated statements in 2017, the profit
or loss of the four target companies is included in earnings forecasts of 2017.
2. Financial data in the foregoing earnings forecasts is not audited yet, and the
disclosed data in 2017 report shall prevail.
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V. Securities investment
□ Applicable √ Not applicable
No securities investment is involved in the reporting period.
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment is involved in the reporting period.
VII. Registration form for investigations, communication and interviews in the reporting
period
√ Applicable □ Not applicable
Time Means Type Investigation Index
Inquire about the number of
shareholders as of June 30. The
Company has given a reply
July 5, 2017 Phone call Individual according to the register of
shareholders released by the
Securities Depository and Clearing
Corporation.
Inquire about the operation of the
Company in the first half of 2017.
July 10, 2017 Phone call Individual The Company suggests looking
forward to the Semi-Annual
Report 2017 to the disclosed.
Inquire about the progress of
raising supporting funds. The
August 15, 2017 Phone call Individual
Company has given a reply
according to the actual progress.
Inquire about the number of
shareholders as of August 15.The
Company has given a reply
August 17, 2017 Phone call Individual according to the register of
shareholders released by the
Securities Depository and Clearing
Corporation.
Inquire about when to elect a new
director. The Company replied that
a new director would be re-elected
September 1, 2017 Phone call Organization
according to the Articles of
Association and relevant
provisions as soon as possible.
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Inquire about the main business,
transformation and private
placement of the Company. The
September 10, 2017 Phone call Individual
Company has given a reply
according to the actual progress
disclosed.
Inquire about the number of
shareholders as of September 15.
The Company has given a reply
September 18, 2017 Phone call Individual according to the register of
shareholders released by the
Securities Depository and Clearing
Corporation.
VIII. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee is involved in the reporting period.
IX. Non-operating capital occupation on the listed company by the controlling shareholders
and related parties
□ Applicable √ Not applicable
No non-operating capital occupation on the listed company by the controlling shareholders and related parties is
involved in the reporting period.
X. Fulfillment of the social responsibility for targeted poverty alleviation
1. Overview of targeted poverty alleviation in Q3
According to the national decision to fight against poverty and the work arrangements of the CPC (the Communist
Party of China) Committee of Guangdong Province, People's Government of Guangdong Province, CPC
Committee of Shenzhen, People's Government of Shenzhen, State-owned Assets Supervision and Administration
Commission of Shenzhen, and SEG Group on three-year targeted poverty alleviation, SEG Group was designated
to provide poverty alleviation aid for Zishi Village, Zishi Town, Longchuan County, Heyuan. After receiving the
task, the CPC Committee and leaders of the Company attached great importance to it, and fully realized the
importance, arduousness and urgency of poverty alleviation and development in the new period. Our thoughts and
actions followed the spirits conveyed by important talks of Xi Jinping, CPC General Secretary, and decisions and
arrangements on targeted poverty alleviation of government at all levels and the upper CPC committee. SEG Group
promptly appointed the leader of the work team and arranged for special personnel to stay at the village for poverty
alleviation. According to unified arrangements of SEG Group, the Company and its controlling subsidiaries aided
20 low-income families and 46 impoverished persons.
In the first three quarters of 2017, the Company organized "targeted poverty alleviation on campus and study
assistance". In March, the Company donated caring materials to the Central Primary School of Zishi Town, Heyuan
and brought STEAM creative programs to students. In May, the Company arranged for merchants to visit Zishi
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Village and consoled low-income families.
2. Planning for subsequent targeted poverty alleviation
1. The Company will increase efforts on industrial projects for targeted poverty alleviation, and promote the pigeon
eco-breeding program in the form of enterprises + farmers according to the uniform arrangement of Longchuan
CPC Committee; 2. The Company will promote infrastructure construction and complete the villager cultural
activity plaza, road hardening project and drinking water purification transformation.
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Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 1,053,465,481.57 1,131,523,641.19
Deposit reservation for balance
Loans to other banks 40,000,000.00
Financial assets measured by fair value
with changes included in current gains and
losses
Derivative financial assets
Notes receivable 100,792.00
Accounts receivable 91,439,683.76 58,949,389.88
Advances 48,136,312.56 56,142,960.81
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Interest receivable 287,698.63
Dividends receivable
Other accounts receivable 107,878,995.74 117,036,077.02
Redemptory monetary capital for
resale
Inventory 3,772,815,840.59 3,378,533,067.95
Held-for-sale assets
Non-current assets due within one year
Other current assets 572,286,394.58 460,229,847.59
Total current assets 5,646,022,708.80 5,242,803,475.07
Non-current assets:
Loans and advances issued 448,180,317.25 480,405,158.45
Financial assets available for sale 34,268,113.40 34,478,683.41
Held-to-maturity investment
Long-term receivables
Long-term equity investment 212,623,283.94 203,657,322.71
Investment properties 684,337,238.62 708,470,470.81
Fixed assets 55,897,477.77 52,029,921.10
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Construction in progress 48,706,112.19 37,092,227.51
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil & gas assets
Intangible assets 32,405,659.95 2,681,527.40
Development expenses
Goodwill 10,328,927.82 10,328,927.82
Long-term expenses to be amortized 108,550,304.96 109,009,684.16
Deferred income tax assets 28,509,158.50 28,511,034.74
Other non-current assets 88,000,000.00 13,804,660.46
Total non-current assets 1,751,806,594.40 1,680,469,618.57
Total assets 7,397,829,303.20 6,923,273,093.64
Current liabilities:
Short-term borrowing 545,000,000.00 355,000,000.00
Loans from central bank
Deposits from customers and interbank
Loans from other banks
Financial liabilities measured by fair
value with changes included in current gains
and losses
Derivative financial liabilities
Notes payable
Accounts payable 28,297,361.03 31,010,953.20
Advances from customers 1,353,034,003.68 923,965,168.05
Financial assets sold for repurchase
Service charges and commissions
payable
Payroll payable 21,235,179.84 35,464,329.86
Taxes payable 185,762,548.80 254,715,544.38
Interest payable 5,047,883.93 3,357,745.13
Dividends payable 3,743,038.52 15,132,970.78
Other payables 1,422,081,936.83 800,746,883.93
Reinsurance accounts payable
Insurance deposit
Customer brokerage deposits
Securities underwriting brokerage
deposits
Held-for-sale liabilities
Non-current liabilities due within one
781,074,765.50 491,561,661.33
year
Other current liabilities 868,356.22
Total current liabilities 4,346,145,074.35 2,910,955,256.66
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Non-current liabilities:
Long-term borrowing 584,500,000.00 1,030,000,000.00
Bonds payable
Including: Preferred stock
Perpetual capital securities
Long-term payables
Payroll payable
Special payables
Estimated liabilities 146,250.00 232,500.00
Deferred income 12,654,573.20 14,667,442.84
Deferred income tax liabilities 93,000,808.45 93,885,145.21
Other non-current liabilities
Total non-current liabilities 690,301,631.65 1,138,785,088.05
Total liabilities 5,036,446,706.00 4,049,740,344.71
Owners' equity:
Share capital 1,235,656,249.00 784,799,010.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 175,086,543.13 1,294,371,135.89
Less: Treasury shares
Other comprehensive income 190,982.67 296,235.62
Special reserve
Surplus reserve 121,803,040.24 121,803,040.24
General risk provision
Undistributed profits 243,251,385.26 211,031,648.29
Total owners' equity attributable to the
1,775,988,200.30 2,412,301,070.04
parent company
Minority shareholders' equity 585,394,396.90 461,231,678.89
Total owners' equity 2,361,382,597.20 2,873,532,748.93
Total liabilities and owners' equity 7,397,829,303.20 6,923,273,093.64
Legal representative: Wang Bao Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 92,776,010.27 90,504,836.76
Financial assets measured by fair value
with changes included in current gains and
losses
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Derivative financial assets
Notes receivable
Accounts receivable 516,933.29 426,069.15
Advances
Interest receivable
Dividends receivable 10,540,880.00
Other accounts receivable 918,337,527.43 724,658,970.18
Inventory 407,769.58 442,920.87
Held-for-sale assets
Non-current assets due within one year
Other current assets 340,386,629.33 438,146,382.10
Total current assets 1,362,965,749.90 1,254,179,179.06
Non-current assets:
Financial assets available for sale 33,515,392.83 33,515,392.83
Held-to-maturity investment
Long-term receivables
Long-term equity investment 1,424,539,353.11 453,584,470.91
Investment properties 265,991,416.17 273,880,749.30
Fixed assets 18,200,290.37 19,149,224.71
Construction in progress
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil & gas assets
Intangible assets 1,474,687.22 425,708.10
Development expenses
Goodwill
Long-term expenses to be amortized 5,194,863.18 7,743,293.52
Deferred income tax assets 8,662,579.25 8,664,455.49
Other non-current assets
Total non-current assets 1,757,578,582.13 796,963,294.86
Total assets 3,120,544,332.03 2,051,142,473.92
Current liabilities:
Short-term borrowing 545,000,000.00 355,000,000.00
Financial liabilities measured by fair
value with changes included in current gains 0.00 0.00
and losses
Derivative financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 676.00 155,213.00
Advances from customers 16,427,010.82 25,448,125.00
Payroll payable 898,443.63 7,817,501.76
Taxes payable 10,951,734.03 23,485,483.97
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Interest payable 0.00 475,177.74
Dividends payable 119,803.29 119,803.29
Other payables 746,077,695.17 75,858,657.13
Held-for-sale liabilities 0.00 0.00
Non-current liabilities due within one
0.00 0.00
year
Other current liabilities 0.00 0.00
Total current liabilities 1,319,475,362.94 488,359,961.89
Non-current liabilities:
Long-term borrowing 0.00 0.00
Bonds payable 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital securities 0.00 0.00
Long-term payables 0.00 0.00
Payroll payable 0.00 0.00
Special payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred income 9,758,333.37 11,183,333.34
Deferred income tax liabilities 0.00 0.00
Other non-current liabilities
Total non-current liabilities 9,758,333.37 11,183,333.34
Total liabilities 1,329,233,696.31 499,543,295.23
Owners' equity:
Share capital 1,235,656,249.00 784,799,010.00
Other equity instruments 0.00 0.00
Including: Preferred stock 0.00 0.00
Perpetual capital securities 0.00 0.00
Capital reserve 249,249,670.24 498,654,523.66
Less: Treasury shares 0.00 0.00
Other comprehensive income 73.40 178.21
Special reserve 0.00 0.00
Surplus reserve 121,803,040.24 121,803,040.24
Undistributed profits 184,601,602.84 146,342,426.58
Total owners' equity 1,791,310,635.72 1,551,599,178.69
Total liabilities and owners' equity 3,120,544,332.03 2,051,142,473.92
3. Consolidated Profit Statement in the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating revenue 275,268,163.32 313,611,190.83
Including: Operating revenue 264,775,121.17 303,301,874.90
Interest income 10,237,004.43 8,204,499.97
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Earned premiums 0.00 0.00
Service charges and
256,037.72 2,104,815.96
commissions income
II. Total operating cost 245,313,012.12 262,255,433.34
Including: Operating cost 191,696,254.24 213,418,945.86
Interest expenses -457,500.00 0.00
Commissions 0.00 0.00
Surrender value 0.00 0.00
Net compensation pay-outs 0.00 0.00
Net insurance deposit
0.00 0.00
accrued
Insurance dividends 0.00 0.00
Reinsurance expenses 0.00 0.00
Operating tax and
3,464,139.55 7,039,109.59
surcharges
Sale expenses 11,030,202.70 8,145,200.26
Management expenses 28,650,475.44 29,988,711.77
Financial cost 6,198,248.25 3,915,981.28
Loss from asset impairment 4,731,191.94 -252,515.42
Income from change of fair value
0.00 0.00
(enter "-" for loss)
Income from investment (enter
3,736,010.87 3,595,606.61
"-" for loss)
Including: Income from
404,799.96 -1,586,460.89
investment in joint ventures or associates
Income from exchange (enter
0.00 0.00
"-" for loss)
Other income 0.00 0.00
III. Operating profit (enter "-" for loss) 33,691,162.07 54,951,364.10
Add: Non-operating revenue 4,286,065.82 12,300,139.69
Including: Gains on disposal of
4,358.42 -60,590,211.12
non-current assets
Less: Non-operating expenses 1,033,612.57 1,748,921.30
Including: Loss from disposal
20,271.60 1,672.51
of non-current assets
IV. Total profit (enter "-" for total loss) 36,943,615.32 65,502,582.49
Less: Income tax 13,377,441.66 15,964,314.12
V. Net profit (enter "-" for net loss) 23,566,173.66 49,538,268.37
Net profit attributable to owners of
19,184,279.34 38,649,287.87
the parent company
Profit and loss of minority
4,381,894.32 10,888,980.50
shareholders
VI. Net of tax of other comprehensive 2,688.08 -36,972.94
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incomes
Total owners' net of tax of other
comprehensive incomes attributable to 1,775.47 -24,652.69
the parent company
1. Other comprehensive incomes
not to be reclassified into gains and 0.00 0.00
losses
(1) Changes of net liabilities
or net assets of the re-measured defined 0.00 0.00
benefit plans
(2) Shares of the investee of
other comprehensive incomes not to be
0.00 0.00
reclassified into gains and losses under
the equity method
2. Other comprehensive incomes to
1,775.47 -24,652.69
be reclassified into gains and losses
(1) Shares of the investee of
other comprehensive incomes to be
-42.65 -108.02
reclassified into gains and losses under
the equity method
(2) Gains and losses from
changes of fair value of the 1,818.12 -24,544.67
available-for-sale financial assets
(3) Held-to-maturity
investments categorized as gains and
0.00 0.00
losses from the available-for-sale
financial assets
(4) Effective gains or loss
0.00 0.00
from cash flows
(5) Foreign currency
0.00 0.00
translation differences
(6) Others 0.00 0.00
Net of tax of other comprehensive
incomes attributable to minority 912.61 -12,320.25
shareholders
VII. Total comprehensive income 23,568,861.74 49,501,295.43
Total comprehensive income
attributable to shareholders of the parent 19,186,054.81 38,624,635.18
company
Total comprehensive income
4,382,806.93 10,876,660.25
attributable to minority shareholders
VIII. Earnings per share
1. Basic earnings per share 0.0155 0.0313
2. Diluted earnings per share 0.0155 0.0313
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In terms of business combination under common control, the net profit of the combined party recognized before
combination is RMB 0.00 in the reporting period, and that recognized in the previous period is RMB
20,224,931.15.
Legal representative: Wang Bao Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
4. Profit Statement of the Parent Company in the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating revenue 19,323,775.88 23,942,257.49
Less: Operating cost 17,694,583.27 13,565,699.04
Operating tax and surcharges 1,198,616.06 170,433.25
Sale expenses 0.00 0.00
Management expenses 5,445,362.30 4,959,586.20
Financial cost 5,219,640.28 -7,860,250.82
Loss from asset impairment 0.00 0.00
Income from change of fair value
0.00 0.00
(enter "-" for loss)
Income from investment (enter
34,039,874.19 7,303,310.41
"-" for loss)
Including: Income from
-1,059,073.63 -1,655,333.15
investment in joint ventures or associates
Other income
II. Operating profit (enter "-" for loss) 23,805,448.16 20,410,100.23
Add: Non-operating revenue 3,975,499.99 129,776.01
Including: Gains on disposal of
0.00 0.00
non-current assets
Less: Non-operating expenses 0.00 1,076,373.55
Including: Loss from disposal
0.00 0.00
of non-current assets
III. Total profit (enter "-" for total loss) 27,780,948.15 19,463,502.69
Less: Income tax 920,525.97 321,259.05
V. Net profit (enter "-" for net loss) 26,860,422.18 19,142,243.64
V. Net of tax of other comprehensive
-42.65 22.09
incomes
1. Other comprehensive incomes
not to be reclassified into gains and 0.00 0.00
losses
(1) Changes of net liabilities
or net assets of the re-measured defined 0.00 0.00
benefit plans
(2) Shares of the investee of
0.00 0.00
other comprehensive incomes not to be
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reclassified into gains and losses under
the equity method
2. Other comprehensive incomes to
-42.65 22.09
be reclassified into gains and losses
(1) Shares of the investee of
other comprehensive incomes to be
-42.65 22.09
reclassified into gains and losses under
the equity method
(2) Gains and losses from
changes of fair value of the 0.00 0.00
available-for-sale financial assets
(3) Held-to-maturity
investments categorized as gains and
0.00 0.00
losses from the available-for-sale
financial assets
(4) Effective gains or loss
0.00 0.00
from cash flows
(5) Foreign currency
0.00 0.00
translation differences
(6) Others 0.00 0.00
VI. Total comprehensive income 26,860,379.53 19,142,265.73
VII. Earnings per share
1. Basic earnings per share 0.00 0.00
2. Diluted earnings per share 0.00 0.00
5. Consolidated Profit Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating revenue 900,354,015.56 1,087,402,311.74
Including: Operating revenue 857,121,747.39 1,027,515,399.90
Interest income 42,344,251.52 55,577,595.88
Earned premiums 0.00 0.00
Service charges and
888,016.65 4,309,315.96
commissions income
II. Total operating cost 774,000,723.44 894,993,637.24
Including: Operating cost 618,357,775.28 740,797,715.03
Interest expenses 0.00 465,888.89
Commissions 0.00 0.00
Surrender value 0.00 0.00
Net compensation pay-outs 0.00 0.00
Net insurance deposit
0.00 0.00
accrued
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Insurance dividends 0.00 0.00
Reinsurance expenses 0.00 0.00
Tax and surcharges 14,043,362.00 46,889,775.45
Sale expenses 29,960,498.74 23,597,727.73
Management expenses 91,253,807.59 78,348,844.38
Financial cost 16,196,131.68 9,000,226.00
Loss from asset impairment 4,189,148.15 -4,106,540.24
Income from change of fair value
0.00 0.00
(enter "-" for loss)
Income from investment (enter
4,144,939.36 7,773,264.55
"-" for loss)
Including: Income from
-6,581,127.80 -6,482,084.00
investment in joint ventures or associates
Income from exchange (enter
"-" for loss)
Other income
III. Operating profit (enter "-" for loss) 130,498,231.48 200,181,939.05
Add: Non-operating revenue 11,513,024.15 74,032,605.23
Including: Gains on disposal of
6,261.15 0.00
non-current assets
Less: Non-operating expenses 1,583,510.27 4,957,287.90
Including: Loss from disposal
133,667.16 99,184.19
of non-current assets
IV. Total profit (enter "-" for total loss) 140,427,745.36 269,257,256.38
Less: Income tax 52,159,868.66 74,138,354.79
V. Net profit (enter "-" for net loss) 88,267,876.70 195,118,901.59
Net profit attributable to owners of
69,193,064.76 143,562,347.35
the parent company
Profit and loss of minority
19,074,811.94 51,556,554.24
shareholders
VI. Net of tax of other comprehensive
-158,032.32 -82,762.10
incomes
Total owners' net of tax of other
comprehensive incomes attributable to -105,252.95 -55,079.55
the parent company
1. Other comprehensive incomes
not to be reclassified into gains and 0.00 0.00
losses
(1) Changes of net liabilities
or net assets of the re-measured defined 0.00 0.00
benefit plans
(2) Shares of the investee of
other comprehensive incomes not to be
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reclassified into gains and losses under
the equity method
2. Other comprehensive incomes to
-105,252.95 -55,079.55
be reclassified into gains and losses
(1) Shares of the investee of
other comprehensive incomes to be
-104.81 70.19
reclassified into gains and losses under
the equity method
(2) Gains and losses from
changes of fair value of the -105,252.95 -55,149.74
available-for-sale financial assets
(3) Held-to-maturity
investments categorized as gains and
0.00 0.00
losses from the available-for-sale
financial assets
(4) Effective gains or loss
0.00 0.00
from cash flows
(5) Foreign currency
0.00 0.00
translation differences
(6) Others 0.00 0.00
Net of tax of other comprehensive
incomes attributable to minority -52,779.37 -27,682.55
shareholders
VII. Total comprehensive income 88,109,844.38 195,036,139.49
Total comprehensive income
attributable to shareholders of the parent 69,087,811.81 143,507,267.80
company
Total comprehensive income
19,022,032.57 51,528,871.69
attributable to minority shareholders
VIII. Earnings per share
1. Basic earnings per share 0.0560 0.1162
2. Diluted earnings per share 0.0560 0.1162
In terms of business combination under common control, the net profit of the combined party recognized before
combination is RMB 10,632,970.72 in the reporting period, and that recognized in the previous period is RMB
127,434,082.64.
6. Profit Statement of the Parent Company from the Beginning of the Year to the End of the Reporting
Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating revenue 67,867,136.83 75,568,939.36
Less: Operating cost 53,370,069.61 50,456,187.48
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Operating tax and surcharges 3,762,158.12 2,174,799.60
Sale expenses 0.00 0.00
Management expenses 14,467,955.34 11,476,417.99
Financial cost 13,397,232.97 -20,925,402.20
Loss from asset impairment 0.00 0.00
Income from change of fair value
0.00 0.00
(enter "-" for loss)
Income from investment (enter
88,959,441.49 53,065,641.17
"-" for loss)
Including: Income from
-6,482,084.00 -6,482,084.00
investment in joint ventures or associates
Other income
II. Operating profit (enter "-" for loss) 71,829,162.28 85,452,577.66
Add: Non-operating revenue 7,059,365.47 137,076.01
Including: Gains on disposal of
0.00 0.00
non-current assets
Less: Non-operating expenses 91,300.00 3,784,288.80
Including: Loss from disposal
91,300.00 7,915.25
of non-current assets
III. Total profit (enter "-" for total loss) 78,797,227.75 81,805,364.87
Less: Income tax 3,564,723.70 8,995,462.97
V. Net profit (enter "-" for net loss) 75,232,504.05 72,809,901.90
V. Net of tax of other comprehensive
-104.81 70.19
incomes
1. Other comprehensive incomes
not to be reclassified into gains and 0.00 0.00
losses
(1) Changes of net liabilities
or net assets of the re-measured defined 0.00 0.00
benefit plans
(2) Shares of the investee of
other comprehensive incomes not to be
reclassified into gains and losses under
the equity method
2. Other comprehensive incomes to
-104.81 70.19
be reclassified into gains and losses
(1) Shares of the investee of
other comprehensive incomes to be
-104.81 70.19
reclassified into gains and losses under
the equity method
(2) Gains and losses from
changes of fair value of the
available-for-sale financial assets
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(3) Held-to-maturity
investments categorized as gains and
0.00 0.00
losses from the available-for-sale
financial assets
(4) Effective gains or loss
0.00 0.00
from cash flows
(5) Foreign currency
0.00 0.00
translation differences
(6) Others 0.00 0.00
VI. Total comprehensive income 75,232,399.24 72,809,972.09
VII. Earnings per share
1. Basic earnings per share 0.00 0.00
2. Diluted earnings per share 0.00 0.00
7. Consolidated Cash Flow Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods
1,314,055,894.12 1,585,655,573.33
and rendering of services
Net increase in deposits from
0.00 0.00
customers and interbank
Loans from central bank 0.00 0.00
Net increase in loans from other
0.00 0.00
banks
Cash received from premium of the
0.00 0.00
original insurance contract
Net cash received from reinsurance
0.00 0.00
business
Net increase in the deposit of the
0.00 0.00
insured and investments
Net increase in financial assets
measured by fair value with changes 0.00 0.00
included in current gains and losses
Cash received from interest and
47,251,322.15 59,906,357.06
commissions
Net increase in loans from other
0.00 0.00
banks
Net increase in redemption capital 0.00 0.00
Tax refunds 749,351.94 82,932,677.81
Other cash received from operating
393,011,976.89 317,943,780.43
activities
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Subtotal of cash inflow from operating
1,755,068,545.10 2,046,438,388.63
activities
Cash paid for goods and service 685,380,979.09 1,089,557,549.61
Net increase in loans to customers
-29,325,104.19 -44,885,258.00
and advances
Net increase in deposits with central
0.00 0.00
bank and interbank
Cash paid for indemnity payment of
0.00 0.00
the original insurance contract
Cash paid for interest and
76,146.53 34,483.91
commissions
Cash paid as insurance dividends 0.00 0.00
Cash paid to and on behalf of
202,653,001.58 188,131,781.55
employees
Taxes paid 249,526,081.87 164,892,262.56
(1) Other cash received from
366,594,717.62 355,100,794.86
operating activities
Subtotal of cash outflow in operating
1,474,905,822.50 1,752,831,614.49
activities
Net cash flow from operating activities 280,162,722.60 293,606,774.14
III. Cash flow from financing activities:
Cash received from withdrawal of
1,331,000,000.00 1,069,602,098.00
investment
Cash received from investment
12,926,977.20 14,856,800.49
income
Net cash received from disposal of
fixed assets, intangible assets and other 2,320.00 69,137.75
long-term assets
Net cash received from disposal of
0.00 0.00
subsidiaries and other business units
Other cash received from financing
0.00 0.00
activities
Subtotal of cash inflow from financing
1,343,929,297.20 1,084,528,036.24
activities
Cash paid for purchase and
construction of fixed assets, intangible 122,826,868.88 78,818,108.80
assets and other long-term assets
Cash paid for investment 1,477,819,502.86 1,030,804,260.00
Net increase in mortgage loans 0.00 17,500,000.00
Net cash paid for acquisition of
0.00 0.00
subsidiaries and other business units
Other cash paid for investment
0.00 0.00
activities
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Subtotal of cash outflow in financing
1,600,646,371.74 1,127,122,368.80
activities
Net cash flow arising from financing
-256,717,074.54 -42,594,332.56
activities
III. Cash flow from financing activities:
Cash received by absorbing
151,637,998.48 0.00
investment
Including: Cash received by
subsidiaries from investment of minority 151,637,998.48 0.00
shareholders
Borrowings received 650,000,000.00 1,403,420,000.00
Cash received from bond issue 0.00 0.00
Other cash received from financing
0.00 7,812.30
activities
Subtotal of cash inflow from financing
801,637,998.48 1,403,427,812.30
activities
Cash paid for debt repayment 681,901,725.48 1,036,325,984.18
Cash paid for dividend and profit
120,771,753.52 135,021,116.81
distribution or interest payment
Including: Dividends and profit
paid by subsidiaries to minority 47,286,452.85 11,943,582.73
shareholders
Other cash paid for financing
100,468,327.16 131,674,692.51
activities
Subtotal of cash outflow in financing
903,141,806.16 1,303,021,793.50
activities
Net cash flow arising from financing
-101,503,807.68 100,406,018.80
activities
IV. Influence of exchange rate
0.00 17.80
fluctuation on cash and cash equivalents
V. Net increase of cash and cash
-78,058,159.62 351,418,478.18
equivalents
Add: Opening balance of cash and
1,131,523,641.19 631,463,030.13
cash equivalents
VI. Closing balance of cash and cash
1,053,465,481.57 982,881,508.31
equivalents
8. Cash Flow Statement of the Parent Company from the Beginning of the Year to the End of the Reporting
Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods 68,525,179.03 68,449,051.92
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and rendering of services
Tax refunds 0.00 0.00
Other cash received from operating
25,708,003.30 74,990,711.78
activities
Subtotal of cash inflow from operating
94,233,182.33 143,439,763.70
activities
Cash paid for goods and service 56,734,763.54 54,972,750.33
Cash paid to and on behalf of
27,422,885.12 33,396,939.07
employees
Taxes paid 28,919,662.75 16,836,827.07
Other cash received from operating
101,134,157.57 185,978,879.39
activities
Subtotal of cash outflow in operating
214,211,468.98 291,185,395.86
activities
Net cash flow from operating activities -119,978,286.65 -147,745,632.16
II. Cash flow from financing activities:
Cash received from withdrawal of
719,000,000.00 699,000,000.00
investment
Cash received from investment
83,162,204.40 49,603,558.49
income
Net cash received from disposal of
fixed assets, intangible assets and other 0.00 0.00
long-term assets
Net cash received from disposal of
0.00 0.00
subsidiaries and other business units
Other cash received from financing
0.00 0.00
activities
Subtotal of cash inflow from financing
802,162,204.40 748,603,558.49
activities
Cash paid for purchase and
construction of fixed assets, intangible 0.00 1,802,351.46
assets and other long-term assets
Cash paid for investment 818,620,000.00 605,000,000.00
Net cash paid for acquisition of
0.00 0.00
subsidiaries and other business units
Other cash paid for investment
0.00 0.00
activities
Subtotal of cash outflow in financing
818,620,000.00 606,802,351.46
activities
Net cash flow arising from investment
-16,457,795.60 141,801,207.03
activities
III. Cash flow from financing activities:
Cash received by absorbing 0.00 0.00
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investment
Borrowings received 500,000,000.00 290,000,000.00
Cash received from bond issue 0.00 0.00
Other cash received from financing
316,666.67 7,812.30
activities
Subtotal of cash inflow from financing
500,316,666.67 290,007,812.30
activities
Cash paid for debt repayment 310,000,000.00 315,000,000.00
Cash paid for dividend and profit
51,609,410.91 35,437,529.24
distribution or interest payment
Other cash paid for financing
0.00 0.00
activities
Subtotal of cash outflow in financing
361,609,410.91 350,437,529.24
activities
Net cash flow arising from financing
138,707,255.76 -60,429,716.94
activities
IV. Influence of exchange rate
0.00 0.00
fluctuation on cash and cash equivalents
V. Net increase of cash and cash
2,271,173.51 -66,374,142.07
equivalents
Add: Opening balance of cash and
90,504,836.76 186,369,470.58
cash equivalents
VI. Closing balance of cash and cash
92,776,010.27 119,995,328.51
equivalents
II. Auditor's Report
Is the Q3 report audited?
□ Yes √ No
The Q3 Report of the Company has not been audited.
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