CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2022
Chairman of the Board:
CHEN LIN
October 2022
CSG HOLDING CO., LTD. The Third Quarter Report 2022
Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B No tice No.: 2022-058
Bond code: 149079 Short form of the bond：20 CSG 01
THE THIRD QUARTER REPORT 2022
The Company and all members of the Board of Directors guarantee that the information disclosed is true,
accurate and complete, and there are no any fictitious statements, misleading statements, or important omissions
carried in this report.
Important Content Notice：
1. Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all
responsibilities, individual and/or joint, for the facticity, accuracy and completeness of the whole contents.
2. Principal of the Company, responsible person in charge of accounting and principal of the financial
department (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2022
of the Company is true, accurate and complete.
3. Whether the third quarter report has been audited or not
□Yes √No
This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese and
English versions, the Chinese version shall prevail.
I. Main financial data
(I) Main accounting data and financial indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √No
Increase/decrease
Increase/decrease
in comparison From 1 January to
in comparison
The report period with the same 30 September
with the same
period of the 2022
period of 2021
previous year
Operating income (RMB) 4,284,558,670 17.97% 10,803,775,346 5.44%
Net profit attributable to shareholders of
649,353,658 312.78% 1,650,528,056 9.32%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting non- 593,590,206 336.67% 1,481,185,026 1.05%
recurring gains and losses (RMB)
Net cash flow arising from operating
— — 1,618,610,807 -38.58%
activities (RMB)
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
Basic earnings per share (RMB/Share) 0.21 320% 0.54 10.20%
Diluted earnings per share (RMB/Share) 0.21 320% 0.54 10.20%
Weighted average ROE 5.35% 3.96% 13.81% -0.15%
The end of the The end of the Increase/decrease in comparison with
report period previous year the end of the previous year
Total assets (RMB ) 24,859,980,649 19,939,364,510 24.68%
Net assets attributable to shareholders of
12,474,542,422 11,429,661,046 9.14%
the Company (RMB )
(II)Items and amounts of non-recurring gains and losses
√Applicable □Not applicable
Unit: RMB
Amount from the
beginning of year
Item The report period Note
to the end of the
report period
Gains/losses from the disposal of non-current asset (including the write-
1,971,915 14,717,376
off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including
the subsidy enjoyed in quota or ration according to national standards, 54,264,888 151,811,958
which are closely relevant to enterprise’s business)
In addition to the effective hedging business related to the normal
business of the company, the profit and loss from changes in fair value
arising from the holding of trading financial assets, trading financial
9,684,087 26,097,782
liabilities, and the investment income from the disposal of trading
financial assets, trading financial liabilities and available for sale
financial assets
Reversal of provision for impairment of receivables that have been
1,344,361 2,753,671
individually tested for impairment
Other non-operating income and expenditure except for the
-660,468 10,812,440
aforementioned items
Less: Impact on income tax 10,387,973 33,682,892
Impact on minority shareholders’ equity (post-tax) 453,358 3,167,305
Total 55,763,452 169,343,030 --
Particulars about other gains and losses that meet the definition of non-recurring gains and losses:
□ Applicable √ Not applicable
It did not exist that other profit and loss items met the definition of non-recurring gains and losses.
Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure for
Companies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses
□ Applicable √ Not applicable
It did not exist that non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure of
Companies Offering Securities to the Public - Non-recurring Profit and Loss were defined as recurring profit and loss items in the
report period.
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
(III) Particulars and explanations about significant changes in main accounting data and financial indices
√Applicable □Not applicable
Unit: RMB
Increased/Decreased
Item of balance sheet Note 30 September 2022 1 January 2022 Rate
amount
Monetary fund （1） 4,029,459,329 2,765,925,906 1,263,533,423 46%
Trading financial assets （2） 600,000,000 999,600,000 -399,600,000 -40%
Notes receivable （3） - 19,220,984 -19,220,984 -100%
Accounts receivable （4） 1,104,199,191 730,525,687 373,673,504 51%
Financing of receivables （5） 1,072,235,152 297,046,123 775,189,029 261%
Advance payments （6） 284,096,855 76,097,276 207,999,579 273%
Inventory （7） 1,759,315,047 1,093,805,525 665,509,522 61%
Other current assets （8） 77,882,986 140,705,298 -62,822,312 -45%
Development expenditure （9） 104,800,674 72,019,362 32,781,312 46%
Deferred income tax assets （10） 179,420,822 255,185,923 -75,765,101 -30%
Short-term borrowings （11） 464,138,522 180,770,000 283,368,522 157%
Notes payable （12） 876,637,918 400,662,713 475,975,205 119%
Contract liability （13） 573,491,540 335,188,642 238,302,898 71%
Taxes payable （14） 240,453,809 185,009,681 55,444,128 30%
Non-current liabilities due
（15） 2,191,426,019 503,820,548 1,687,605,471 335%
within one year
Other current liabilities （16） 70,465,883 40,099,309 30,366,574 76%
Long-term borrowing （17） 4,303,893,521 1,469,059,824 2,834,833,697 193%
Bonds payable （18） - 1,996,587,330 -1,996,587,330 -100%
Lease liability （19） - 220,138 -220,138 -100%
The special reserve （20） 1,921,146 7,296,397 -5,375,251 -74%
From January to From January to Increased/Decreased
Item of income statement Note Rate
September 2022 September 2021 amount
Investment income (21) 26,097,782 8,827,787 17,269,995 196%
Asset impairment losses (22) -1,456 698,445,226 -698,446,682 -100%
Asset disposal income (23) 14,717,376 -1,772,171 16,489,547 -
Other income (24) 153,609,840 58,931,951 94,677,889 161%
Non-operating income (25) 15,878,218 10,787,406 5,090,812 47%
Non-operating expenses (26) 5,065,778 20,501,006 -15,435,228 -75%
Net amount of other
(27) 13,866,992 1,415,053 12,451,939 880%
comprehensive income after tax
Note:
（1）The increase in monetary funds was mainly due to the increase in deposits and the maturity of structured deposits.
（2）The decrease in trading financial assets was mainly due to the maturity of structured deposits.
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
（3）The reduction of notes receivable was mainly caused by the change of collection methods of some subsidiaries and the
conversion to accounts receivable due to the non-performance of drawers.
（4）The increase in accounts receivable was mainly due to the increase in accounts receivable for architectural glass and
photovoltaic glass.
（5）The increase in receivables financing was mainly due to the increase in bank acceptances received by Yichang CSG
Polysilicon for the resumption of production.
（6）The increase in prepayments was mainly due to the increase in material payments made in advance by some subsidiaries.
（7）The increase in inventory was mainly due to the resumption of production of Yichang CSG Polysilicon and the increase in
material reserves of some subsidiaries.
（8）The decrease of other current assets was mainly due to the decrease of input tax to be deducted by some subsidiaries.
（9）The increase in development expenditure was mainly due to the increase in R&D investment by some subsidiaries.
（10）The decrease in deferred income tax assets was mainly due to loss covering of some subsidiaries.
（11）The increase in short-term borrowings was mainly due to the increase in borrowings of some companies.
（12）The increase in notes payable was mainly due to the increase in new notes issued by some subsidiaries.
（13）The increase in contractual liabilities was mainly due to the increase in advance receipts of some subsidiaries.
（14）The increase in taxes payable was mainly due to the increase in taxes of some subsidiaries.
（15）The increase in non-current liabilities due within one year was mainly due to the reclassification of bonds payable to non-
current liabilities due within one year.
（16）The increase in other current liabilities was mainly due to the increase in advance receipts of some subsidiaries.
（17）The increase in long-term borrowings was mainly due to the increase in borrowings for project.
（18）The decrease in bonds payable was mainly due to the reclassification of bonds payable to non-current liabilities due within
one year.
（19）The decrease in lease liabilities was mainly due to the reclassification of lease liabilities to non-current liabilities due
within one year.
（20）The decrease of special reserve was mainly caused by the use of special reserve by subsidiaries.
（21）The increase in investment income was mainly due to the increase in structured deposit income.
（22）The decrease in asset impairment loss was mainly due to the provision for long-term asset impairment in the same period
of the previous year.
（23）The increase in asset disposal income was mainly due to the increase in profit and loss on disposal of assets of some
subsidiaries.
（24）The increase in other earnings was mainly due to the increase in the amortization of deferred earnings of some subsidiaries.
（25）The increase in non-operating income was mainly due to the increase in claims income and unpayable amounts.
（26）The decrease in non-operating expenses was mainly due to the return of government subsidies in the same period of the
previous year.
（27）The increase in net after tax of other comprehensive income was mainly due to changes in the translation balance of
foreign currency statements.
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
II. Shareholder information
(I) Particulars about the total number of common shareholders and preference shareholders with voting
rights recovered as well as the shareholdings of the top ten shareholders
Unit: Share
Total number of preference shareholders
Total number of common shareholders at the
173,339 with voting rights recovered at end of 0
end of the report period
report period (if applicable)
Particulars about the shareholdings of the top ten shareholders
Amount Number of share pledged,
Proportion of marked or frozen
Nature of Amount of
Name of shareholder of shares restricted
shareholder shares held
held (%) shares Share
Amount
held status
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned legal 15.19% 466,386,874 0
– HailiNiannian
person
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned legal 3.86% 118,425,007 0
– Universal Insurance Products
person
Domestic non
Foresea Life Insurance Co., Ltd.
state-owned legal 2.11% 64,765,161 0
– Own Fund
person
China Galaxy International
Foreign legal
Securities (Hong Kong) Co., 1.34% 41,219,778 0
person
Limited
China Life Insurance Co., Ltd.- Domestic non
Traditional-General Insurance state-owned legal 1.30% 39,976,344 0
Products-005L-CT001 Shen person
China Merchants Securities Foreign legal
1.27% 38,858,391 0
(HK) Co., Limited person
Pledged 31,001,100
Domestic non
Zhongshan Runtian Investment
state-owned legal 1.01% 31,004,547 0 Marked 31,001,100
Co., Ltd.
person
Frozen 3,447
Shanghai Yunzhou Private
Equity Fund Management Co., Domestic non
LTD. - Yunzhou Growth Select state-owned legal 0.65% 19,834,122 0
No.1 private equity Investment person
Fund
VANGUARD EMERGING
Foreign legal
MARKETS STOCK INDEX 0.63% 19,365,573 0
person
FUND
Hong Kong Central Clearing Foreign legal
0.62% 19,059,476 0
Limited person
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
Particular about top ten shareholders with un-restricted shares held
Type of shares
Amount of unrestricted
Name of shareholder
shares held
Type Amount
RMB ordinary
Foresea Life Insurance Co., Ltd. – HailiNiannian 466,386,874 466,386,874
shares
Foresea Life Insurance Co., Ltd. – Universal Insurance RMB ordinary
118,425,007 118,425,007
Products shares
RMB ordinary
Foresea Life Insurance Co., Ltd. – Own Fund 64,765,161 64,765,161
shares
China Galaxy International Securities (Hong Kong) Co., Domestically
41,219,778 listed foreign 41,219,778
Limited
shares
China Life Insurance Co., Ltd.-Traditional-General RMB ordinary
39,976,344 39,976,344
Insurance Products-005L-CT001 Shen shares
Domestically
China Merchants Securities (HK) Co., Limited 38,858,391 listed foreign 38,858,391
shares
RMB ordinary
Zhongshan Runtian Investment Co., Ltd. 31,004,547 31,004,547
shares
Shanghai Yunzhou Private Equity Fund Management Co., RMB ordinary
LTD. - Yunzhou Growth Select No.1 private equity 19,834,122 19,834,122
shares
Investment Fund Domestically
VANGUARD EMERGING MARKETS STOCK INDEX
19,365,573 listed foreign 19,365,573
FUND
shares
RMB ordinary
Hong Kong Central Clearing Limited 19,059,476 19,059,476
shares
As of the end of the report period, among shareholders as listed
above, Foresea Life Insurance Co., Ltd.-HailiNiannian, Foresea
Life Insurance Co., Ltd.-Universal Insurance Products, Foresea
Life Insurance Co., Ltd.-Own Fund are all held by Foresea Life
Statement on associated relationship or consistent action Insurance Co., Ltd. Shenzhen Jushenghua Co., Ltd., which holds
among the above shareholders: 51% equity of Foresea Life Insurance Co., Ltd., holds 100% equity
of Zhongshan Runtian Investment Co.,Ltd and Chengtai Group Co.
Ltd., through Shenzhen Hualitong Investment Co., Ltd. Chengtai
Group Co., Ltd. holds 40,187,904 shares through China Galaxy
International Securities (Hong Kong) Co., Limited.
Description of the top 10 shareholders participating in
N/A
margin trading (if applicable)
Special note: On July 11, 2022, at the Company's Second Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd.
voted in favor of all proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals , Chengtai Group Co., Ltd.
voted against all the proposals with the shares held by China Galaxy International Securities (Hong Kong) Co., Limited; on August
3, 2022, at the Company's Third Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor of all
proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals.
(II) Total number of preference shareholders and particulars about the shareholdings of the top ten
preference shareholders
□Applicable √Not applicable
III. Other important matters
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
√Applicable □ Not applicable
1. Ultra-short-term financing bills
On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal on
application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the
Company should register and issue ultra-short-term financing bills with a registered amount not exceeding RMB 1.5 billion (the
limit is not subject to the limit of 40% of net assets).With the period of validity of the quota not longer than two years, such ultra-
short-term financing bills will be issued by installments in accordance with the actual capital needs of the Company and the
situation of inter-bank market funds. On September 4, 2020, the NAFMII held its 102nd registration meeting in 2020 and decided
to accept the registration of ultra-short-term financing bills with a total of RMB 1.5 billion and a validity period of two years. On
May 16, 2022, the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registration
and Issuance of Medium-Term Notes and Ultra-short-term Financing Bills", which agreed that the Company would register and
issue ultra-short-term financing bills with a registered amount of not more than RMB 1 billion, The Company can issue one or
more times within the validity period of the registration according to the actual capital needs and the capital situation of the inter-
bank market.
2. Medium-term notes
On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal on
application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the
Company should register and issue medium-term notes with a registered amount not exceeding RMB 1.5 billion. With the period
of validity of the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordance
with the actual capital needs of the Company and the situation of inter-bank market funds. On September 4, 2020, the NAFMII
held the 102nd registration meeting in 2020 and decided to accept the company's registration of medium-term notes with a total of
RMB 1.5 billion and a validity period of two years. On May 16, 2022, the Company's 2021 annual general meeting reviewed and
approved the "Proposal on Application for Registration and Issuance of Medium-term Notes and Ultra-short-term Financing Bills",
which agreed that the Company would register and issue medium-term notes with a registered amount of not more than RMB 2
billion. Actual capital needs and inter-bank market capital status, can be issued one or more times within the validity period of
registration.
3 .Public issuance of corporate bonds
On March 2, 2017, the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on the
Public Issuance of Corporate Bonds for Qualified Investors". On February 27, 2019, the First Extraordinary General Meeting of
Shareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering of
Corporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and a
term of no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. to
Issue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). On
March 24, 2020 and March 25, 2020, the Company issued the first batch of corporate bonds with total amount of RMB 2 billion
and valid term of 3 years at the issuance rate of 6%, which will be redeemed on March 25, 2023 (for details, please refer to
"Section IX Bonds").
4. Public issuance of A-share convertible corporate bonds
On July 11, 2022, the Company's 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevant
proposals on the Company's public issuance of A-share convertible corporate bonds, and agreed to issue A-share convertible
corporate bonds. The total amount of funds raised would not exceed RMB 2,800,000,000 (including RMB 2,800,000,000), with a
term of 6 years from the date of issuance.
5. Guarantee
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
The Company's 2021 Annual General Meeting of Shareholders reviewed and approved the "Proposal on the 2022 Annual
Guarantee Plan", and the General Meeting of Shareholders agreed to provide guarantee for the 2022 annual credit line of financial
institutions of subsidiaries at all levels (hereinafter referred to as "subsidiaries") within the scope of the consolidated statements
with a total amount not exceeding the equivalent value of RMB 16.268 billion (including the effective and unexpired limit).
Among them, the total amount of guarantee shall not exceed the equivalent of RMB 15.018 billion (including the effective and
unexpired amount) for each subsidiary with an asset liability ratio of less than 70%, and the total amount of guarantee shall not
exceed the equivalent of RMB 1.25 billion (including the effective and unexpired amount) for each subsidiary with an asset
liability ratio of more than 70%. All external guarantees of the Company are guarantees for subsidiaries within the scope of
consolidated statements. As of September 30, 2022, the actual guarantee balance was RMB 3,889.6 million (of which the actual
guarantee balance with an asset liability ratio of more than 70% (inclusive) was RMB 284.18 million), accounting for 34.03% of
the parent company's net assets of RMB 11,429.66 million at the end of 2021 and 19.51% of the total assets of RMB 19,939.36
million; Accounting for 31.18% of the net assets of RMB 12,474.54 million attributable to the parent company at the end of the
report period and 15.65% of the total assets of RMB 24,859.98 million. The Company has no overdue guarantee.
The Company's 2021 Annual General Meeting of Shareholders reviewed and approved the "Proposal on the Development of Asset
Pool Business in 2022". In order to meet the overall management of the Company's assets such as bills and letters of credit and to
meet the needs of financial institutions' product upgrades, the General Meeting of Shareholders approved the Company and its
subsidiaries. The Company conducts asset pool business of no more than RMB 800 million. Under the premise of controllable
risks, various guarantee methods such as maximum pledge, general pledge, deposit certificate pledge, bill pledge, and margin
pledge can be adopted for business development. As of September 30, 2022, the actual pledge amount of the asset pool business is
RMB 45.6124 million, and the financing balance is RMB 42.3285 million.
6.Passive reduction of Southern Glass A shares held by Zhongshan Runtian Investment Co., Ltd.
On July 12, 2022, the Company received the "Notice Letter" from Chongqing Xinyu Financial Leasing Co., Ltd. (hereinafter
referred to as "Chongqing Xinyu"). According to the "Notification Letter", the Shenzhen Intermediate Court ruled to sell 67.65
million "Southern Glass A" shares (stock code: 000012) held by Zhongshan Runtian Investment Co., Ltd. (hereinafter referred to
as "Zhongshan Runtian"). On July 27, July 28 and July 29, 2022, Chongqing Xinyu forcibly sold a total of 55.6289 million
Southern Glass A shares held by Zhongshan Runtian through block transactions, accounting for 1.81% of the Company's total
share capital. After the passive reduction of the aforementioned shares, the number of shares held by Zhongshan Runtian
decreased from 86,633,447 shares to 31,004,547 shares, and the shareholding ratio decreased from 2.82% to 1.01%.
7. The matter of the special fund of RMB 171 million for talent introduction
Regarding the special fund of RMB 171 million for talent introduction, the Company filed an infringement compensation lawsuit
against Zeng Nan and others and Yichang Hongtai Real Estate Co., Ltd. on December 15, 2021, and Shenzhen Intermediate
People's Court officially accepted it on January 28, 2022. The first trial of the case was completed in Shenzhen Intermediate
People's Court on June 21, 2022, and is currently awaiting judgment.
IV. Quarterly financial statement
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Item 30 September 2022 1 January 2022
Current asset:
Monetary capital 4,029,459,329 2,765,925,906
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
Trading financial assets 600,000,000 999,600,000
Notes receivable 19,220,984
Accounts receivable 1,104,199,191 730,525,687
Receivables financing 1,072,235,152 297,046,123
Prepayments 284,096,855 76,097,276
Other receivables 198,885,967 183,696,711
Inventory 1,759,315,047 1,093,805,525
Other current assets 77,882,986 140,705,298
Total current assets 9,126,074,527 6,306,623,510
Non-current assets:
Investment real estate 383,084,500 383,084,500
Fixed assets 10,166,256,352 8,566,515,026
Construction in progress 2,719,330,329 2,461,088,650
Right-of-use assets 8,595,080 9,911,935
Intangible assets 1,312,759,485 1,167,611,402
Development expenditure 104,800,674 72,019,362
Goodwill 130,147,859 130,147,859
Long-term prepaid expenses 3,680,235 3,013,721
Deferred tax assets 179,420,822 255,185,923
Other non-current assets 725,830,786 584,162,622
Total non-current assets 15,733,906,122 13,632,741,000
Total assets 24,859,980,649 19,939,364,510
Current liabilities:
Short-term loan 464,138,522 180,770,000
Notes payable 876,637,918 400,662,713
Accounts payable 1,801,678,947 1,428,851,312
Contractual liabilities 573,491,540 335,188,642
Payroll payable 364,952,369 426,212,979
Taxes payable 240,453,809 185,009,681
Other payables 283,898,108 289,440,477
Including: interest payable 72,063,160 95,001,362
Non-current liabilities due within one year 2,191,426,019 503,820,548
Other current liabilities 70,465,883 40,099,309
Total current liabilities 6,867,143,115 3,790,055,661
Non-current liabilities:
Long term borrowing 4,303,893,521 1,469,059,824
Bonds payable 1,996,587,330
Lease liability 220,138
Long- term payables 127,606,268 168,258,062
Deferred income 473,621,913 564,129,128
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
Deferred income tax liabilities 90,065,669 84,580,132
Total non-current liabilities 4,995,187,371 4,282,834,614
Total Liabilities 11,862,330,486 8,072,890,275
Owners' equity:
Share capital 3,070,692,107 3,070,692,107
Capital reserve 596,997,085 596,997,085
Other comprehensive income 173,067,522 159,200,530
Special reserves 1,921,146 7,296,397
Surplus reserve 1,144,887,510 1,144,887,510
Undistributed profit 7,486,977,052 6,450,587,417
Total owner's equity attributable to the parent company 12,474,542,422 11,429,661,046
Minority shareholders' equity 523,107,741 436,813,189
Total owner's equity 12,997,650,163 11,866,474,235
Total Liabilities and Owner's Equity 24,859,980,649 19,939,364,510
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
2. Consolidated income statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Total operating income 10,803,775,346 10,246,839,119
Including: operating income 10,803,775,346 10,246,839,119
II. Total operating costs 9,061,719,117 7,722,584,968
Including: Operating costs 7,693,520,877 6,400,847,816
Taxes and surcharges 101,698,686 111,599,883
sales expense 218,466,493 190,489,551
Management costs 508,685,496 529,685,405
R&D expenses 433,359,500 370,688,508
Financial expenses 105,988,065 119,273,805
Including: interest expense 149,099,132 143,830,594
Interest income 48,209,444 29,711,739
Plus: other income 153,609,840 58,931,951
Investment income (“-” for loss) 26,097,782 8,827,787
Credit impairment loss (“-” for loss) -5,479,274 -7,717,483
Asset impairment loss (“-” for loss) 1,456 -698,445,226
Asset disposal income (“-” for loss) 14,717,376 -1,772,171
III. Operating profit (“-” for loss) 1,931,003,409 1,884,079,009
Plus: non-operating income 15,878,218 10,787,406
Less: non-operating expenses 5,065,778 20,501,006
IV. Gross profit (“-” for loss) 1,941,815,849 1,874,365,409
Less: Income tax expenses 282,993,241 337,033,095
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CSG HOLDING CO., LTD. The Third Quarter Report 2022
V. Net profit (“-” for net loss) 1,658,822,608 1,537,332,314
(I) Classification by business continuity
1. Net profit from continuing operations (“-” for net
1,658,822,608 1,537,332,314
loss)
2. Net profit from discontinued operations (“-” for net
loss)
(II) )Classification by ownership
1. Net profit attributable to the owners of parent
1,650,528,056 1,509,830,801
company(“-” for net loss)
2. Minor shareholders’ equity(“-” for net loss) 8,294,552 27,501,513
VI. Net amount of other gains after tax 13,866,992 1,415,053
Net amount of other gains after tax attributable to
13,866,992 1,415,053
owners of parent company
(II)Other comprehensive income that will be
13,866,992 1,415,053
reclassified into profit or loss
6. Foreign currency financial statement translation
13,866,992 1,415,053
difference
Net after tax of other comprehensive income attributable
to minority shareholders
VII. Total of misc. incomes 1,672,689,600 1,538,747,367
(I)Total of misc. incomes attributable to the owners of
1,664,395,048 1,511,245,854
the parent company
(II) Total misc gains attributable to the minor
8,294,552 27,501,513
shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.54 0.49
(II) Diluted earnings per share 0.54 0.49
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
3. Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of
11,127,539,633 11,135,251,168
services
Tax returned 288,749,170 44,144,512
Other cash received from business operation 138,811,038 221,571,516
Sub-total of cash inflow from business activities 11,555,099,841 11,400,967,196
Cash paid for purchasing of merchandise and services 7,571,106,945 6,134,735,322
Cash paid to staffs or paid for staffs 1,358,371,110 1,268,412,819
Taxes paid 675,024,573 971,119,640
Other cash paid for business activities 331,986,406 391,208,862
Sub-total of cash outflow from business activities 9,936,489,034 8,765,476,643
Net cash flow generated by business operation 1,618,610,807 2,635,490,553
II. Cash flow generated by investing
11
CSG HOLDING CO., LTD. The Third Quarter Report 2022
Cash received from investment recovery 3,097,760,000 2,524,000,000
Cash received from investment income 24,877,210 8,279,098
Net cash retrieved from disposal of fixed assets,
22,396,477 2,854,205
intangible assets, and other long-term assets
Other investment-related cash received 51,141,888
Sub-total of cash inflow due to investment activities 3,145,033,687 2,586,275,191
Cash paid for construction of fixed assets, intangible
2,804,447,839 1,273,366,856
assets and other long-term assets
Cash paid for investment 2,698,160,000 3,624,000,000
Other cash paid for investment activities 10,076,360 57,353,540
Sub-total of cash outflow due to investment activities 5,512,684,199 4,954,720,396
Net cash flow generated by investment -2,367,650,512 -2,368,445,205
III. Cash flow generated by financing
Absorb cash received from investment 78,000,000 2,000,000
Including: cash received by the subsidiary from
78,000,000 2,000,000
absorbing minority shareholders' investment
Cash received as loans 3,524,137,657 1,002,602,692
Other financing-related cash received 8,927,153 206,137,185
Subtotal of cash inflow from financing activities 3,611,064,810 1,210,739,877
Cash to repay debts 718,073,523 1,204,775,831
Cash paid as dividend, profit, or interests 832,800,949 524,060,118
Among them: dividends and profits paid by
subsidiaries to minority shareholders
Other cash paid for financing activities 54,284,085 2,262,281
Subtotal of cash outflow due to financing activities 1,605,158,557 1,731,098,230
Net cash flow generated by financing 2,005,906,253 -520,358,353
IV. Influence of exchange rate alternation on cash and cash
9,486,463 -1,073,454
equivalents
V. Net increase of cash and cash equivalents 1,266,353,011 -254,386,459
Plus: Balance of cash and cash equivalents at the
2,756,477,572 2,124,028,196
beginning of term
VI. Balance of cash and cash equivalents at the end of term 4,022,830,583 1,869,641,737
(II) Report of the Auditors
Whether the Third Quarter Report has been audited or not
□ Yes √ No
The Third Quarter Report hasn’t been audited.
Board of Directors of
CSG Holding Co., Ltd.
25 October 2022
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