Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Notice No.:2022-032
Stock abbreviation: SHEN SEG
Shenzhen SEG Co., Ltd.
The First Quarterly Report for 2022
The Company and whole members of the BOD guarantee that the information disclosed is true, accurate and
complete, and there are no any fictitious records, misleading statements or important omissions.
Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Shenzhen SEG
Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements,
misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual
and/or joint, for the reality, accuracy and completion of the whole contents.
2. Principal of the Company Zhang Liang, Person in Charge of Accounting Works Yan Dongxia and Person in
Charge of Accounting Organ (Accounting Officer) Wang Lei hereby confirm that the Financial Report of the First
Quarterly Report is authentic, accurate and complete.
3. Whether the First Quarterly Report has been audited or not
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Year-on-year
Amount of the reporting Amount of the same period
increase/decrease in the
period of the previous year
reporting period
Operating income (Yuan) 472,271,888.67 463,208,485.25 1.96%
Net profit attributable to shareholders of
33,718,455.44 33,065,039.59 1.98%
the listed company (Yuan)
Net profit attributable to shareholders of
the listed company after deducting 31,935,930.86 28,784,190.03 10.95%
non-recurring gains and losses (Yuan)
Net cash flow arising from operating
-60,846,435.24 -64,410,695.22 5.53%
activities (Yuan)
Basic earnings per share (Yuan /Share) 0.0273 0.0268 1.87%
Diluted earnings per share (Yuan /Share) 0.0273 0.0268 1.87%
Weighted average ROE 1.68% 1.72% -0.04%
End of current period End of previous year Increase/decrease at the
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
period-end compared with
the end of the previous year
Total assets (Yuan) 5,639,011,593.28 5,632,373,265.14 0.12%
Net assets attributable to shareholder of the
2,018,495,886.89 1,984,760,159.28 1.70%
listed company (Yuan)
(ii) Items and amounts of non-recurring profit (gains)/losses
√ Applicable □ Not applicable
Unit: RMB/CNY
Item Amount for the period Note
Gains/losses from the disposal of non-current asset (including the
21,911.60
write-off that accrued for impairment of assets)
Government subsidy recorded in current gains/losses (except
those closely related to the Company’s normal operation, and
119,373.45
those continuously enjoyed on a fixed or quantitative basis with
certain standards in accordance with national policy regulations)
Capital occupation fee charged to non-financial enterprise that
214,101.84
reckoned into current gains/losses
Profit and loss from commissioned investment or asset
2,082,817.32
management
Trust fee obtained from trust operation 78,459.54
Other non-operating income and expenses other than the above 240,098.28
Other gains/losses items that meet the definition of non-recurring
120,528.45
gains/losses
Less: impact on income tax 677,830.63
Impact on minority shareholders’ equity (post-tax) 416,935.27
Total 1,782,524.58 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
(iii) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Changes in major accounting data and financial indicators
Unit: RMB/CNY
Increase/decr
ease (+,-) at
end of the
period/curren
t period
Closing Beginning compared to
Item balance/current balance/same period Difference the Reasons for differences
amount of last year beginning of
the
period/the
same period
of last
year(%)
Accounts 313,587,373.84 209,248,610.21 104,338,763.63 49.86% Mainly due to the settlement method for
receivable property management business of the
Company
Construction in 813,849.31 3,042,922.98 -2,229,073.67 -73.25% Mainly due to the transferred to fixed
progress assets from construction in progress
Other current 4,334,439.13 1,199,408.55 3,135,030.58 261.38% Mainly due to the increase in
liabilities stay-recognition output tax
Financial 13,551,836.72 20,383,151.62 -6,831,314.90 -33.51% Mainly due to the scale down in financing
expenses
Credit 1,940.00 5,603,672.81 -5,601,732.81 -99.97% Mainly due to the recovery of litigation
impairment loss payments in the same period last year
Net cash flows 11,662,763.27 -17,972,160.08 29,634,923.35 164.89% Mainly due to the decrease in bank
from investing wealth management products purchased
activities in the Period
Net increase in -78,329,719.99 -121,164,613.83 42,834,893.84 35.35% Mainly due to the increase in net cash
cash and cash flow arising from investment activities
equivalents and financing activities in the Period
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: Share
Total preference shareholders
Total common shareholders at the with voting rights recovered at
66,286 0
end of report period end of reporting period (if
applicable)
Top ten shareholders
Shareholder’s Nature of Proportion of Amount of shares Amount of Information of shares pledged,
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
name shareholder shares held held restricted shares tagged or frozen
held State of share Amount
Shenzhen SEG State-owned legal
56.70% 700,618,759 450,857,239
Group Co., Ltd. person
Domestic natural
Liu Guocheng 0.59% 7,296,402
person
LISHERYNZHA Overseas natural
0.46% 5,693,558
NMING person
Domestic natural
Liu Guohong 0.29% 3,605,661
person
Overseas natural
Gong Qianhua 0.24% 2,940,000
person
Domestic natural
Xu Yueying 0.16% 1,983,900
person
Domestic natural
Wang Li 0.13% 1,575,400
person
Domestic natural
Luo Haijin 0.12% 1,502,275
person
Domestic natural
Wang Jinjun 0.12% 1,433,500
person
Domestic natural
Qian Jidong 0.11% 1,340,345
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
RMB ordinary
Shenzhen SEG Group Co., Ltd. 249,761,520 249,761,520
shares
Domestic listed
Liu Guocheng 7,296,402 7,296,402
foreign shares
Domestic listed
LISHERYNZHANMING 5,693,558 5,693,558
foreign shares
Domestic listed
Liu Guohong 3,605,661 3,605,661
foreign shares
Domestic listed
Gong Qianhua 2,940,000 2,940,000
foreign shares
Domestic listed
Xu Yueying 1,983,900 1,983,900
foreign shares
RMB ordinary
Wang Li 1,575,400 1,575,400
shares
Domestic listed
Luo Haijin 1,502,275 1,502,275
foreign shares
Domestic listed
Wang Jinjun 1,433,500 1,433,500
foreign shares
Qian Jidong 1,340,345 RMB ordinary 1,340,345
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
shares
Explanations on the association SEG Group has no association relationship with other shareholders and is not a person acting
relationship or concerted action in concert with other shareholders as specified in the Management Methods for Disclosure of
among the above-mentioned Information on Changes of Shareholding Status of Shareholders of Listed Companies. It is
shareholders unclear whether other shareholders are persons acting in concert.
Information on top 10 ordinary
shareholders participating in Domestic natural person Wang Li holds 1,575,400 shares of the Company through the
securities margin trading (if investor credit account for securities margin trading
applicable)
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □ Not applicable
Inquiry index for the websites disclosing the temporary
Overview of major events Disclosure date
reports
The Notice on Impact of “518” SEG Plaza Building
1. Situation of “518” SEG Plaza Building
January 7, 2022 Vibration Event on Company’s Operation released on
Vibration Event
Juchao Website (http://www.cninfo.com.cn/)
Notice on Progress of Controlling subsidiary - Changsha
SEG Development Co., Ltd Provided Financial Assistance
January 22, 2022
to its Shareholder released on Juchao Website
2. Controlling subsidiary - Changsha SEG
(http://www.cninfo.com.cn/)
Development Co., Ltd provided financial
Notice on Progress of Controlling subsidiary - Changsha
assistance to its shareholder
SEG Development Co., Ltd Provided Financial Assistance
March 2, 2022
to its Shareholder released on Juchao Website
(http://www.cninfo.com.cn/)
Notice on Progress of Controlling Subsidiary Intends to
Transfer 55% Equity of Xi’an SEG Kanghong Real Estate
January 29, 2022 Co., Ltd Through Publicly Listed and With Related
Transaction Involved released on Juchao Website
3. Controlling subsidiary intends to transfer (http://www.cninfo.com.cn/)
55% equity of Xi’an SEG Kanghong Real The Notice of Creditor Regarding to Repurchase and
Estate Co., Ltd through publicly listed and Written off the Compensated Shares of Controlling
with related transaction involved Shareholder, Repurchase and Written off the Compensated
February 12, 2022
Shares of Controlling Shareholders and Related
Transactions released on Juchao Website
(http://www.cninfo.com.cn/)
April 15, 2022 Notice on Completion of the Repurchase and Written off
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Compensated Shares of Controlling Shareholders released
on Juchao Website (http://www.cninfo.com.cn/)
Progress Notice on Controlling sub-subsidiary Involved in
4. Progress of the controlling sub-subsidiary
February 26, 2022 Litigation released on Juchao Website
involved in litigation
(http://www.cninfo.com.cn/)
Notice on Purchasing the Financial Products with Own Idle
5. Purchase of Financial Products with Own
Idle Funds March 18, 2022 Funds released on Juchao Website
(http://www.cninfo.com.cn/)
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Shenzhen SEG Co., Ltd.
Unit: RMB/CNY
Item Ending balance Opening balance
Current assets:
Monetary fund 1,027,375,240.73 1,102,543,548.87
Settlement provisions
Capital lent
Trading financial assets 304,700,000.00 325,057,600.51
Derivative financial assets
Note receivable 6,201,200.80 5,441,038.00
Account receivable 313,587,373.84 209,248,610.21
Receivable financing
Account paid in advance 10,315,194.44 9,318,448.66
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 58,995,516.54 50,022,297.47
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventory 1,725,376,031.41 1,697,997,134.90
Contract assets 20,980,891.11 22,328,808.46
Assets held for sale
Non-current asset due within one
year
Other current assets 188,045,464.36 181,153,434.58
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Total current assets 3,655,576,913.23 3,603,110,921.66
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable 39,070,459.58 38,454,117.14
Long-term equity investment 180,299,094.12 181,471,343.42
Investment in other equity
34,100,628.32 34,066,039.01
instrument
Other non-current financial assets
Investment real estate 995,010,617.84 1,009,378,181.86
Fixed assets 261,746,413.12 265,396,889.67
Construction in progress 813,849.31 3,042,922.98
Productive biological asset
Oil and gas asset
Right-of-use assets 287,065,845.29 308,471,942.19
Intangible assets 24,517,081.02 25,065,576.29
Expense on research and
development
Goodwill 71,041,012.43 71,041,012.43
Long-term expenses to be
33,238,628.88 35,531,141.15
apportioned
Deferred income tax asset 50,389,809.78 50,372,808.51
Other non-current assets 6,141,240.36 6,970,368.83
Total non-current asset 1,983,434,680.05 2,029,262,343.48
Total assets 5,639,011,593.28 5,632,373,265.14
Current liabilities:
Short-term loans 60,000,000.00 63,003,480.82
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 399,772,358.59 380,319,611.50
Accounts received in advance 123,032,170.31 158,668,868.45
Contract liabilities 53,590,789.84 50,003,262.90
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 121,016,628.24 115,799,226.03
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Taxes payable 149,015,772.88 158,561,857.46
Other account payable 1,158,987,801.27 1,142,794,979.80
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
132,488,070.60 138,220,344.18
one year
Other current liabilities 4,334,439.13 1,199,408.55
Total current liabilities 2,202,238,030.86 2,208,571,039.69
Non-current liabilities:
Insurance contract reserve
Long-term loans 538,286,207.00 546,248,418.00
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability 212,200,792.77 232,520,332.31
Long-term account payable 5,986,294.20 5,905,964.21
Long-term wages payable
Accrual liability 54,377,757.11 54,377,757.11
Deferred income 893,372.66 966,382.90
Deferred income tax liabilities 10,354,669.03 10,579,877.96
Other non-current liabilities
Total non-current liabilities 822,099,092.77 850,598,732.49
Total liabilities 3,024,337,123.63 3,059,169,772.18
Owner’s equity:
Share capital 1,235,656,249.00 1,235,656,249.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 216,689,753.71 216,689,753.71
Less: Treasury shares
Other comprehensive income 98,737.51 81,465.34
Reasonable reserve
Surplus public reserve 175,537,597.25 175,537,597.25
Provision of general risk
Retained profit 390,513,549.42 356,795,093.98
Total owner’ s equity attributable to
2,018,495,886.89 1,984,760,159.28
parent company
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Minority interests 596,178,582.76 588,443,333.68
Total owner’ s equity 2,614,674,469.65 2,573,203,492.96
Total liabilities and owner’ s equity 5,639,011,593.28 5,632,373,265.14
Legal Representative: Zhang Liang
Person in charge of accounting works: Yan Dongxia
Person in charge of accounting institute: Wang Lei
2. Consolidated Profit Statement
Unit: RMB/CNY
Item Current period Last period
I. Total operating income 472,271,888.67 463,208,485.25
Including: Operating income 472,271,888.67 463,208,485.25
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 412,551,949.79 406,895,920.79
Including: Operating cost 363,737,649.96 347,538,135.16
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Tax and extras 6,499,941.12 7,413,187.00
Sales expense 5,878,491.73 5,503,600.12
Administrative expense 21,241,288.41 24,904,887.23
R&D expense 1,642,741.84 1,152,959.66
Financial expenses 13,551,836.72 20,383,151.62
Including: Interest
15,683,958.32 20,662,563.93
expenses
Interest income 2,293,466.16 1,896,862.14
Add: other income 1,020,051.43 1,804,761.25
Investment income (Loss is
891,263.75 -65,686.85
listed with “-”)
Including: Investment income
-1,172,249.30 -4,098,114.81
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost
Exchange income (Loss is
listed with “-”)
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
1,940.00 5,603,672.81
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
61,633,194.06 63,655,311.67
“-”)
Add: Non-operating income 337,759.21 658,069.47
Less: Non-operating expense 53,837.73 157,834.61
IV. Total profit (Loss is listed with “-”) 61,917,115.54 64,155,546.53
Less: Income tax expense 20,472,080.83 20,567,879.14
V. Net profit (Net loss is listed with “-”) 41,445,034.71 43,587,667.39
(i) Classify by business continuity
1. Net profit from continuing
41,445,034.71 43,587,667.39
operations (net loss listed with “-”)
2. Net profit from termination of
operations (net loss listed with “-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
33,718,455.44 33,065,039.59
of parent company
2.Minority shareholders’ gains and
7,726,579.27 10,522,627.80
losses
VI. Net after-tax of other comprehensive
25,941.98 -12,714.91
income
Net after-tax of other comprehensive
income attributable to owners of parent 17,272.17 -8,456.06
company
(i) Other comprehensive income
items which will not be reclassified 17,272.17 -8,484.58
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
17,272.17 -8,484.58
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified 28.52
subsequently to profit or loss
1.Other comprehensive
income under equity method that can 28.52
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority 8,669.81 -4,258.85
shareholders
VII. Total comprehensive income 41,470,976.69 43,574,952.48
Total comprehensive income
33,735,727.61 33,056,583.53
attributable to owners of parent Company
Total comprehensive income
7,735,249.08 10,518,368.95
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0273 0.0268
(ii) Diluted earnings per share 0.0273 0.0268
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan before combination, and
realized 0.00 Yuan at last period for combined party
Legal Representative: Zhang Liang
Person in charge of accounting works: Yan Dongxia
Person in charge of accounting institute: Wang Lei
3. Consolidated Cash Flow Statement
Unit: RMB/CNY
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 395,959,276.93 369,280,991.34
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 1,021,164.70 12,359.71
Other cash received concerning
67,761,540.57 85,771,974.54
operating activities
Subtotal of cash inflow arising from
464,741,982.20 455,065,325.59
operating activities
Cash paid for purchasing
commodities and receiving labor 170,811,283.46 143,278,784.27
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 178,203,981.37 139,366,479.49
Taxes paid 59,820,455.80 59,968,939.78
Other cash paid concerning
116,752,696.81 176,861,817.27
operating activities
Subtotal of cash outflow arising from
525,588,417.44 519,476,020.81
operating activities
Net cash flows arising from operating
-60,846,435.24 -64,410,695.22
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
141,900,000.00 143,600,000.00
investment
Cash received from investment
2,096,568.00 4,032,427.96
income
Net cash received from disposal of
fixed, intangible and other long-term 886.52
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
143,996,568.00 147,633,314.48
activities
Cash paid for purchasing fixed,
9,333,804.73 5,905,474.56
intangible and other long-term assets
Cash paid for investment 123,000,000.00 159,700,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
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Body of Q1 2022 Report of Shenzhen SEG Co., Ltd.
Subtotal of cash outflow from investing
132,333,804.73 165,605,474.56
activities
Net cash flows arising from investing
11,662,763.27 -17,972,160.08
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 5,047,789.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
5,047,789.00
activities
Cash paid for settling debts 21,574,709.02 22,278,500.00
Cash paid for dividend and profit
10,268,294.66 16,503,258.53
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
2,350,833.34
financing activities
Subtotal of cash outflow from financing
34,193,837.02 38,781,758.53
activities
Net cash flows arising from financing
-29,146,048.02 -38,781,758.53
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-78,329,719.99 -121,164,613.83
equivalents
Add: Balance of cash and cash
1,091,838,138.56 817,618,857.13
equivalents at the period-begin
VI. Balance of cash and cash
1,013,508,418.57 696,454,243.30
equivalents at the period-end
(ii) Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company has not been audited.
Board of Directors of
Shenzhen SEG Co., Ltd.
April 29, 2022
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