Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2015 Q1 Report
2015-022
April 2015
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notes
The Board of Directors and Board of Supervisors of the Company, its directors,
supervisors and senior executives shall guarantee the authenticity, accuracy, and
completeness of this quarterly report and no existence of false record,
misleading statement or major omission and meanwhile, and shall assume
individual and/or joint liabilities.
All the directors have attended this board meeting reviewing this quarterly
report.
Wang Li, the person in charge of the Company, Liu Zhijun, the person in charge
of the accounting work, and Ying Huadong, the responsible person of the
accounting institution (accountant in charge) hereby declare that the Financial
Statements enclosed in this quarterly report are true, accurate and complete.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 2 Change of the Major Financial Data and Shareholders
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments made to previous financial statements due to accounting policy changes or accounting errors?
□ Yes √ No
The same period of the Year-on-year
Amount of this report period
previous year increase/decrease
Operating revenue (Yuan) 191,029,218.56 145,841,677.48 30.98%
Net profit attributable to shareholders of
21,348,553.12 22,449,590.92 -4.90%
the listed company (Yuan)
Net profit attributable to shareholders of
the listed company after deduction of 21,168,892.76 22,292,348.81 -5.04%
non-recurring gains and losses (Yuan)
Net cash flow arising from operating
-37,829,627.54 103,593.07 -36,617.53%
activities (Yuan)
Basic EPS (Yuan/Share) 0.0272 0.0286 -4.90%
Diluted EPS (Yuan/Share) 0.0272 0.0286 -4.90%
Weighted average ROE 1.63% 1.80% -0.17%
Amount at end of this report Amount at end of the Year-on-year
period previous year increase/decrease
Total assets (Yuan) 2,548,913,984.04 2,659,717,718.28 -4.17%
Net assets attributable to shareholders of
1,320,384,119.37 1,298,970,719.85 1.65%
the listed company (Yuan)
Items of non-recurring profit and loss and related amounts:
√ Applicable □ Not applicable
Unit: Yuan
The amount from the
Item beginning of this year to the Remarks
end of this report period
Special funds for development of
the biological, Internet and new
Government subsidies recorded into current gains and losses energy businesses gained from
(except those closely related with corporate business and enjoyed 206,014.06 Shenzhen Municipal People's
according to national standards or certain quota) Government and Special funds of
emerging strategic development
from Shenzhen Municipal
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
The amount from the
Item beginning of this year to the Remarks
end of this report period
People's Government
Other non-operating income and expenses except the
87,606.53
above-mentioned items
Less: Amount of affected income tax 14,729.27
Amount of influence of minority shareholders’ equity (after
99,230.96
tax)
Total 179,660.36 --
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 this report 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 Gains and Losses
as recurring profit and loss items.
II. Total Number of Shareholders and Shareholding Information of Top Ten Shareholders at
the End of this Report Period
1. Total Number of Ordinary Shareholders and Shareholding Information of Top Ten Ordinary
Shareholders at the End of this Report Period
Unit: Share
Total number of ordinary
shareholders at the end of this report 49,827
period
Information of the top 10 ordinary shareholders
Quantity of Information on pledged or frozen
Name of Nature of Shareholding
Total shares restricted shares shares
shareholder shareholder percentage
held Share status Quantity
Shenzhen SEG State-owned legal
30.24% 237,359,666 0 Frozen 83,679,833
Group Co., Ltd. person
Domestic natural
Zeng Ying 1.02% 8,040,826 0 0
person
Phillip Securities
Overseas legal
(Hong Kong) 0.86% 6,716,223 0 0
person
Groups
Liu Guocheng Domestic natural 0.85% 6,691,302 0 0
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
person
Overseas natural
Gong Qianhua 0.61% 4,819,020 0 0
person
China Merchants
Overseas legal
Securities (Hong 0.50% 3,927,131 0 0
person
Kong) Co., Ltd.
Domestic natural
Liu Guohong 0.39% 3,092,441 0 0
person
Xiamen
International
Trust Co., Ltd –
Rongzhi No.1
Others 0.39% 3,080,400 0 0
Securities
Investment
Portfolio Capital
Trust Plan
Minmetals
International
Trust Co., Ltd –
Minmetals Trust
– RUIZHIJINQU Others 0.34% 2,653,932 0 0
Securities
Investment
Portfolio Capital
Trust Plan
Xiamen
International
Trust Co., Ltd –
Zhenda No.1
New Structured Others 0.29% 2,301,400 0 0
Securities
Investment
Portfolio Capital
Trust Plan
Information on top ten ordinary 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
Zeng Ying 8,040,826 8,040,826
listed foreign
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
shares
Domestically
Phillip Securities (Hong Kong)
6,716,223 listed foreign 6,716,223
Groups
shares
Domestically
Liu Guocheng 6,691,302 listed foreign 6,691,302
shares
Domestically
Gong Qianhua 4,819,020 listed foreign 4,819,020
shares
Domestically
China Merchants Securities (Hong
3,927,131 listed foreign 3,927,131
Kong) Co., Ltd.
shares
Domestically
Liu Guohong 3,092,441 listed foreign 3,092,441
shares
Xiamen International Trust Co., Ltd
– Rongzhi No.1 Securities RMB ordinary
3,080,400 3,080,400
Investment Portfolio Capital Trust shares
Plan
Minmetals International Trust Co.,
Ltd – Minmetals Trust –
RMB ordinary
RUIZHIJINQU Securities 2,653,932 2,653,932
shares
Investment Portfolio Capital Trust
Plan
Xiamen International Trust Co., Ltd
– Zhenda No.1 New Structured RMB ordinary
2,301,400 2,301,400
Securities Investment Portfolio shares
Capital Trust Plan
Explanations on the association Shenzhen SEG Group Co., Ltd. (hereinafter called "SEG ") has no associated relationship with
relationship or concerted action other shareholders, nor is it a concerted action unit as described by the Management Methods
among the above-mentioned for Disclosure of Information on Changes of Shareholding Status of Shareholders of Listed
shareholders Companies. It is unknown whether other shareholders are concerted action units or not.
Information of top ten ordinary
shareholders participating in None
financing business (if any)
Whether the top ten ordinary shareholders of the Company or top ten ordinary shareholders of non-restricted shares conducted agreed
repurchase transactions in the reporting period?
□ Yes √ No
The top ten ordinary shareholders of the Company or top ten ordinary shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
2. Total Number of Preferential Shareholders and Information of Top Ten Preferential Shareholders at the
End of this Report Period
□ Applicable √ Not applicable
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 3 Significant Events
I. Particulars and explanations of changes in main items of accounting statements and
financial indexes in this report period
√ Applicable □ Not applicable
Unit: Yuan
(I) Items on the Consolidated Balance Sheet
Item Closing balance Opening balance Difference Increase/decrease of the
current year compared
with that of the previous
year (%)
Monetary funds 203,963,874.32 383,056,680.70 -179,092,806.38 -46.75%
Notes receivable 169,071.26 84,618.08 84,453.18 99.81%
Other accounts receivable 52,052,452.08 95,366,156.27 -43,313,704.19 -45.42%
Inventory 364,491,597.78 278,281,586.72 86,210,011.06 30.98%
Intangible assets 1,114,680.21 655,587.54 459,092.67 70.03%
Other non-current assets 0.00 4,655,063.54 -4,655,063.54 -100.00%
Accounts payable 125,313,980.20 200,129,651.92 -74,815,671.72 -37.38%
Payroll payable 10,192,924.79 18,858,843.33 -8,665,918.54 -45.95%
Interest payable 14,810,834.00 10,295,250.65 4,515,583.35 43.86%
Retained earnings 27,648,352.53 6,299,799.41 21,348,553.12 338.88%
1. The monetary capitals decreased by RMB 179.09 million Yuan compared with the period-beginning amount,
with a decrease of 46.75%. Mainly due to:
① Part of capitals are used for the loads delivery of the small load business.
② Part of capitals are put into the Nantong SEG Times Square project.
2. The Notes receivable increased by RMB 80,000 Yuan compared with the period-beginning amount, with an
increase of 99.81%. The increase is mainly because the subsidiary received the rent from the merchants by means
of bank acceptance bill at the end of this report period.
3. The other receivables decreased by RMB 43.31 million Yuan compared with the period-beginning amount,
with an decrease of 45.42%. The decrease is mainly because the subsidiary Xi'an Fengdong New Town SEG
Times Square Properties Co., Ltd (Xi'an Fengdong SEG for short) recovered the land auction margin within this
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
report period.
4. The inventory increased by RMB 86.21 million Yuan compared with period-beginning amount, with an
increase of 30.98%. The increase is mainly because the subsidiary Nantong SEG invested the construction of the
Nantong SEG Times Square project.
5. The intangible assets increased by RMB 460,000 Yuan compared with period-beginning amount, with an
increase of 70.03%. The increase is mainly because the Company purchased the financial software within this
report period.
6. Other current assets decreased by RMB 4.66 million Yuan compared with the period-beginning amount, with a
decrease of 100.00%. The decrease is mainly because of the carry-over of related asset projects of the prepaid
software and project funds in the previous year within this report period.
7. The accounts payable decreased by RMB 74.82 million Yuan compared with the period-beginning amount, with
a decrease of 37.38%. The decrease is mainly because the subsidiary Shenzhen SEG E-Commerce Co., Ltd (SEG
E-commerce for short) decreased the amount purchased and settled the account payable with the suppliers within
this report period.
8. The wages payable decreased by RMB 8.67 million Yuan compared with the period-beginning amount, with a
decrease of 45.95%. The decrease is mainly because part of wages and bonuses for the previous year withdrawn
within this report period.
9. Interests payable increased by RMB 4.52 million Yuan compared with the period-beginning amount, with an
increase of 43.86%. The increase is mainly because that the accrued interest of the short-term bonds released by
the Company increased within this report period.
10. Undistributed profits increased by RMB 21.35 million Yuan compared with the period-beginning amount,
with an increase of 338.88%. The increase is mainly because the net profits of the parent company increased
within this report period.
(II) Items in the Consolidated Profit Statement
Item Amount incurred in this Amount incurred in the Difference Increase/decrease of
report period previous period the current year
compared with that
of the previous year
(%)
Operating income 191,029,218.56 145,841,677.48 45,187,541.08 30.98%
Service charges and commissions 26,296.11 16,833.81 9,462.30 56.21%
income
Operating cost 142,109,576.55 107,920,992.72 34,188,583.83 31.68%
Interest expenses 2,066,755.56 912,972.23 1,153,783.33 126.38%
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Financial cost 4,943,864.72 -1,957,187.32 6,901,052.04 ---
Loss from asset impairment 744,585.68 0.00 744,585.68 ---
Investment income 2,736,686.86 5,202,783.84 -2,466,096.98 -47.40%
Non-operating expenses 23,408.91 103,735.57 -80,326.66 -77.43%
1. The operating income increased by RMB 45.19 million Yuan over the same period of last year, with an increase
of 30.98%. The increase is mainly because the trading revenue of subsidiary Shenzhen SEG Industrial Investment
Co., Ltd (hereinafter referred to as SEG Industry) increased.
2. The Service charges and commissions income increased by RMB 10,000 Yuan over the same period of last
year, with an increase of 56.21%. The increase is mainly because the loan commissions of subsidiary Shenzhen
SEG Credit Co., Ltd (hereinafter referred to as SEG Credit) increased.
3. The operating cost increased by RMB 34.19 million Yuan over the same period of last year, with an increase of
31.68%. The increase is mainly because the business costs of subsidiary SEG Industry increased together with the
increased business income.
4. The interest expenses increased by RMB 1.15 million Yuan over the same period of last year, with an increase
of 126.38%. The increase is mainly because the loan interest expenses of subsidiary SEG Credit increased with
the increased bank loans.
5. The financial expenses increased by RMB 6.9 million Yuan over the same period of last year. The increase is
mainly because the interest expenses of the short-term financing and bank loans of the Company and the
subsidiaries increased.
6. The losses from asset impairment increased by RMB 740,000 Yuan over the same period of last year. The
increase is mainly because the loan balance released by SEG Credit increased and the provision for loan losses
preparation increased accordingly.
7. The investment income decreased by RMB 2.47 million Yuan over the same period of last year, with a decrease
of 47.40%. The decrease is mainly because the maturity of bank financial products was centralized over the same
period of last year, and therefore there were larger financial gains; in this report period, the maturity of bank
financial products was separated, and therefore there were less financial gains.
8. The non-operating expenses decreased by RMB 80,000 Yuan over the same period of last year, with a decrease
of 77.43%. The decrease is mainly because the compensation expenses paid by the Company to the merchants
decreased within this report period.
(III) Items in the Consolidated Cash Flow Statement
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Amount incurred in Amount incurred in the Difference Increase/decrease of the
this report period previous period current year compared
with that of the
previous year (%)
Cash received from interest and 18,488,846.37 13,197,482.98 5,291,363.39 40.09%
commissions
Tax refunds 88,433,998.57 3,563,641.53 84,870,357.04 2381.56%
Other cash received relating to operating 153,340,389.27 112,183,330.08 41,157,059.19 36.69%
activities
Net increase of loans to customers and 36,505,671.00 -29,550,762.00 66,056,433.00 ----
advances
Cash paid for interest, service charges 4,773.87 237,331.00 -232,557.13 -97.99%
and commissions
Taxes paid 21,844,523.26 38,018,451.62 -16,173,928.36 -42.54%
Cash received from investment income 4,548,451.09 7,441,599.94 -2,893,148.85 -38.88%
Cash paid for purchase and construction 2,231,465.50 3,729,911.54 -1,498,446.04 -40.17%
of fixed assets, intangible assets and
other long-term assets
Borrowings received 80,000,000.00 31,000,000.00 49,000,000.00 158.06%
Cash paid for repayment of debts 59,246,687.38 45,000,000.00 14,246,687.38 31.66%
Cash paid for distribution of dividends 2,705,734.42 1,324,064.01 1,381,670.41 104.35%
and profit or repayment of interest
Other cash paid relating to financing 59,712,120.18 0.00 59,712,120.18 ----
activities
1. Cash from charging interests, procedure fee, and commission increased by RMB 5.29 million Yuan over the
same period of last year, with an increase of 40.09%. The increase is mainly because the loan scale of the
subsidiary SEG Credit increased and the interests from the small loan increased within this report period.
2. The tax refunds increased by RMB 84.87 million Yuan over the same period of last year, with an increase of
2381.56%. The increase is mainly because the export tax rebates received by subsidiary SEG E-Commerce for the
supply chain services increased within this report period.
3. Other cash received relating to operating activities increased by RMB 41.16 million Yuan over the same period
of last year, with an increase of 36.69%. The increase is mainly because the settlement amount of subsidiary SEG
E-Commerce for the supply chain services increased within this report period.
4. The net increase of loans to customers and advances increased by RMB 66.06 million Yuan over the same
period of last year. The increase is mainly because the scale of loans released by the subsidiary SEG Credit
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
increased within this report period.
5. The cash paid for interest and commissions decreased by RMB 230,000 Yuan over the same period of last year,
with a decrease of 97.99%. The decrease is mainly because the expired bank loans of subsidiary SEG Credit
decreased within this report period and the corresponding paid interest expenses decreased accordingly.
6. The taxes paid decreased by RMB 16.17 million Yuan over the same period of last year, with a decrease of
42.54%. The decrease is mainly because the VAT levied by the Company's electronics markets for the merchants
decreased within this report period.
7. The cash received from investment income decreased by RMB 2.89 million Yuan over the same period of last
year, with a decrease of 38.88%. The decrease is mainly because the maturity of bank financial products was
centralized over the same period of last year, and therefore there were larger financial gains; in this report period,
the maturity of bank financial products was separated, and therefore there were less financial gains.
8. The cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets
decreased by RMB 1.5 million Yuan over the same period of last year, with a decrease of 40.17%. The decrease is
mainly because the renovation and decoration expenses of the Company's electronics markets decreased within
this report period.
9. The cash received from borrowings increased by RMB 49 million Yuan over the same period of last year, with
an increase of 158.06%. The increase is mainly because the new bank loans of the Company increased within this
report period.
10. The cash paid for repayment of debts increased by RMB 14.25 million Yuan over the same period of last year,
with an increase of 31.66%. The increase is mainly because the bank loans repaid by the Company increased
within this report period.
11. The cash paid for distribution of dividends and profit or repayment of interest increased by RMB 1.38 million
Yuan over the same period of last year, with an increase of 104.35%. The increase is mainly because the bank
loans increased and the interest expenses increased accordingly.
12. The cash paid relating to other financing activities increased by RMB 59.71 million Yuan over the same
period of last year. The increase is mainly because the SEG E-Commerce paid the lending funds within this report
period.
II. Progress of important events, relevant influence and analysis and explanation of solutions
√ Applicable □ Not applicable
(I) Related transactions related to daily operation
On March 26, 2015, the 6th Meeting of the 6th Board of Directors approved that, in 2015, in order to meet the
needs of developing the business of electronics market, the Company shall lease part of the eight floor of SEG
Plaza estate from its controlling shareholder, SEG Group, as the warehouse for the Company's business tenants.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
During the lease term, the Company should pay rent and property management fee to SEG Group. With related
directors avoided in the voting, the Board of Directors agreed that, for the year of 2015, the Company can have
intercompany transactions on estate lease with SEG Group based on the market fair value within the limit of RMB
1.2 million Yuan. (The event can be referred to in the Public Notice on the Resolutions of the 6th Provisional
Meeting of the 6th Board of Directors of Shenzhen SEG Co., Ltd. and the Public Notice of Shenzhen SEG Co., Ltd.
on Estimated Matters Related to Daily Related Transactions Relating to Operating Activities in 2015 disclosed on
the China Securities Journal, the Securities Times, the Securities Daily, the Hong Kong Commercial Daily and the
Cninfo Website on March 28, 2015).
Within this report period, the company shall totally pay RMB 273,500 Yuan for the rent and the property
management fee to SEG.
(II) Internal control implementation
In this report period, the Company carried out the 2014 internal control self-evaluation. The Self-evaluation
Report of Shenzhen SEG Co., Ltd on the Internal Control in 2014 was disclosed on the Cninfo Website on March
28, 2015, which was filed and deliberated and adopted at the 6th Meeting of the 6th Board of Directors. The
Company hired Da Hua Certified Public Accountants (Special General Partnership) to conduct the 2014 internal
control audit, which issued the Audit Report of Shenzhen SEG Co., Ltd on the Internal Control numbered as DA
HUA NEI ZI [2015] 000057. The Report holds that the Company has maintained effective internal financial
control in every major aspect in accordance with the Basic Standard for Enterprise Internal Control and relevant
rules and regulations on December 31, 2014. The Audit Report was disclosed on the Cninfo Website on March 28,
2015.
(III) Major lawsuits
1. On February 4, 2013, Suzhou SEG Electronics Market Management Co., Ltd. (hereinafter referred to as
“Suzhou SEG”) signed with Suzhou Rail Transit Group Co., Ltd. (hereinafter referred to as “Rail Transit Group”)
the Lease Contract of Underground Large Space Commerce of Guangji Road (S) along No. 1 Line of Suzhou Rail
Transit, under which it is agreed that Suzhou SEG leases the underground large space of Guangji Road (S) along
the No. 1 Line of Suzhou Rail Transit owned by Suzhou Rail Transit Group, and the lease term is 96 months.
After the contract was signed, difficulties occurred in the project operation because of market change. Thus the
both parties in cooperation negotiated repeatedly for modifying the conditions of cooperation, however, no
agreement on renewed conditions of cooperation could be reached finally. Therefore, this project entered into the
clearing stage at last.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
On January 26, 2015, the Rail Transit Group submitted a case to the court, requesting the latter to order Suzhou
SEG to assume the liquidated damages of RMB 2.1 million Yuan and the rents of RMB 0.8 million Yuan for the
decoration period and water and electricity consumption of RMB 364231.55 Yuan. The first instance of this case
was to be held in Suzhou Gusu District People’s Court on March 19, 2015 originally, but the opening of a court
session has been delayed due to preparation for litigation. At present this case is just in the stage of waiting for the
opening of a court session.
2. On June 29, 2011, the Company’s controlled subsidiary Shenzhen SEG Industrial Investment Co., Ltd.
(hereinafter referred to as “SEG Industry”) signed with Shenzhen Cyber Mart Digital Technology Co., Ltd.
(hereinafter referred to as “Cyber Mart”) the Lease Contract, under which SEG Industry leases 240 ㎡ in total of
its shop locating in the annex building of Window of the Times to Cyber Mart, and the duration of the contract is
from July 1, 2011 to June 30, 2019. In the late period of the duration, because of various causes including the
impact from the construction of Shenzhen Metro along Huaqiang Road (N), and problems occurred in Cyber
Mart’s operation and so on, both parties signed the Supplementary Agreement on February 20, 2014, renewing the
conditions on rent and liquidated damages and so on.
In August 2014, SEG Industry received the Notice of Cancelling the Contract and Handing and Taking over the
Shop. SEG Industry communicated with Cyber Mart for many times for the issues concerning liquidated damages
agreed in the Lease Contract, but no further agreement has been reached. In order to reliably protect its
self-interest, SEG Industry decided through internal discussion to entrust the lawyer to carry out the representative
action on risk basis. At present, SEG Industry has already entrusted Guangdong Ruiting Law Firm to prosecute
Cyber Mart. Now this case was registered at Shenzhen Futian District People’s Court on April 15, 2015, and SEG
Industry applied for preservative measures on April 16.
Inquiry index for the websites disclosing the
Overview of important events Disclosure date
temporary reports
The announcement for Nantong SEG Times Square
1. Nantong SEG Times Square obtained
March 20, 2015 Obtained the Pre-sale Permit was disclosed on the
the pre-sale permit.
Cninfo Website at http://www.cninfo.com.cn .
The announcement for Equity Transfer of Shenzhen
2. Equity transfer of Shenzhen SEG Group
March 10, 2015 SEG Group Co., Ltd was disclosed on the Cninfo
Co., Ltd
Website at http://www.cninfo.com.cn .
3. Matters concerning the borrowing quota February 13, 2015 The Public Notice of the Resolution of 21st Interim
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
of additional RMB 300 million Yuan to be Meeting of 6th Board of Directors disclosed by the
provided to Nantong SEG Times Square Company on the Cninfo Website at
Co., Ltd. http://www.cninfo.com.cn .
The Public Notice of the Modification of Registered
4. Matters concerning the modification of
Capital of the Controlled Subsidiary Shenzhen SEG
registered capital of the subsidiary February 13, 2015
E-commerce Co., Ltd. disclosed by the Company on
Shenzhen SEG E-commerce Co., Ltd.
the Cninfo Website at http://www.cninfo.com.cn .
III. Commitments made by the Company or the shareholders holding more than 5% shares,
which were made in or lasted into the reporting period
√ Applicable □ Not applicable
Commitment Commitment
Commitments Promisor Content Fulfillment
date term
Not
Commitment for share reform
applicable
Commitments in the
Not
Acquisition Report and the
applicable
Report of Changes on Equity
Commitments made at the
Not
time of restructuring of major
applicable
assets
In accordance with Article 5 of
Equity Transfer Agreement signed
between the Company and SEG
Group, SEG group agrees: the
Company and its affiliates and joint
ventures can use the eight
trademarks of SEG Group Commitments
Commitment made at the time Shenzhen
registered in China Trademark were fulfilled in
of initial public offerings or SEG Group July 01, 1996 Long-term
Office; the Company can use the this report
refinancing Co., Ltd.
above-mentioned trademark and period.
similar marks as the Company's
mark and can use them in operating
activities; the Company does not
need to pay SEG Group for use of
the above-mentioned trademarks or
marks.
For the problem that there remained September 14, Commitments
Other commitments
horizontal competition in the same 2007 were fulfilled in
(including additional SEG Group Long-term
trade between the Company and this report
commitments)
SEG Group indicated in spot period.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Commitment Commitment
Commitments Promisor Content Fulfillment
date term
inspection by Shenzhen Securities
Supervisory Bureau, the Company
received written Commitment Letter
from SEG Group on September 14,
2007 and the content was as
follows: our Group has similar
business in Shenzhen electronic
market with Shenzhen SEG Co.,
Ltd. (Shenzhen SEG), and the
business was resulted by history and
it has objective market development
background. Our Group hereby
promises that we will not
individually operate a market in a
same city whose business is similar
with that of Shenzhen SEG.
The 6th interim meeting of the
5th Board of Directors held on
January 26, 2011 reviewed and
approved the Proposal of Solving
From Commitments
the Horizontal Competition between
February 1, were fulfilled in
the Company and Its Controlling
2011 to this report
Shareholder. After friendly
January 31, period. The
consultation, SEG Group agreed to
2015, totally renewed
entrust the Company to operate and
January 26, five years, Entrusted
manage with full authority SEG
2011 and the Operation
Communications Market under
contract was Contract to be
direct management of SEG Group.
expired renewed is
Therefore, the two parties have
within this being under
signed the entrustment operation
report negotiation
and management contract, and SEG
period. right now.
Group will pay the Company RMB
200,000 Yuan as entrust
management expenses.
Other commitments made to
Not
the medium and small
applicable
shareholders of the Company
Whether commitments were
Yes
fulfilled on time
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Commitment Commitment
Commitments Promisor Content Fulfillment
date term
Reason for not fulfilling the
commitments and future plan N/A
(if applicable)
IV. Estimation of the Business Performance from January to June in 2015
Warning and reasons for forecasts on loss of the accumulated net profit from the year beginning to the end of next period or sharp
year-on-year changes in net profit
□ Applicable √ Not applicable
V. Investment in securities
√ Applicable □ Not applicable
Short Share-holding
The initial Shares held Initial Shares held Gains and
Stock Stock form of proportion at Ending book Accounting Source of
investment cost at period shareholding at period losses in this
type code the period end value item shares
(Yuan) beginning percentage end report period
security (%)
Financial
Youhao assets Initial
Share 600778 90,405.00 60,683 0.04% 60,683 0.04% 684,504.24 0.00
Group available share
for sale
Long-term
Huakong Initial
Share 000068 279,307,046.38 201,345,033 22.45% 201,345,033 20.00% 76,357,109.46 -2,166,299.37 equity
SEG share
investment
Total 279,397,451.38 201,405,716 -- 201,405,716 -- 77,041,613.70 -2,166,299.37 -- --
VI. Equity of other listed companies held by the Company
□ Applicable √ Not applicable
The Company does not hold the equity of other listed companies within this report period.
VII. Investment in derivatives
□ Applicable √ Not applicable
No investment in derivatives is involved within this report period.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
VIII. Registration form for investigations, communication and Interviews in the reporting
period
√ Applicable □ Not applicable
Main content of discussion and the materials
Time Place Means Type Object
provided
Asked about the results of 29.51% equity listed for
transfer. The company answered that no related
At the information about the SEG Group equity transfer was
January 9, 2015 Phone call Individual use Investor
Company received. For details, please focus on the real-time
notifications on the Shenzhen Stock Exchange
website.
Asked whether the Company has an owned enterprise
At the reform program. The Company answered that no
January 12, 2015 Phone call Individual use Investor
Company formal notice from the parent unit has been received
yet.
Asked about the results of 29.51% equity listed for
transfer. The company answered that no related
At the information about the SEG Group equity transfer was
January 14, 2015 Phone call Individual use Investor
Company received. For details, please focus on the real-time
notifications on the Shenzhen Stock Exchange
website.
Inquired why the share of the Company is not
At the appreciated? The Company provided the basic
January 15, 2015 Phone call Individual use Investor
Company information and regularly disclosed reports of the
Company.
Inquired when Nantong SEG Times Square can
obtain the pre-sale permit. The Company answered
At the
January 22, 2015 Phone call Individual use Investor that currently the Company was promoting the related
Company
matters and will disclose the related information
when the pre-sale permit was received.
Inquired when Nantong SEG Times Square can
obtain the pre-sale permit. The Company answered
At the
January 26, 2015 Phone call Individual use Investor that currently the Company was promoting the related
Company
matters and will disclose the related information
when the pre-sale permit was received.
Asked why the Huakong SEG Co., Ltd was
At the suspended. The Company suggested the investor to
January 29, 2015 Phone call Individual use Investor
Company consult the information from the board secretary
office.
At the Asked why the Huakong SEG Co., Ltd was
January 30, 2015 Phone call Individual use Investor
Company suspended. The Company suggested the investor to
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Main content of discussion and the materials
Time Place Means Type Object
provided
consult the information from the board secretary
office.
Inquired the number of shareholders till January 31.
The Company answered that releasing the register of
At the
February 1, 2015 Phone call Individual use Investor shareholders of B shares requires T+3 working days
Company
and therefore the corresponding information cannot
be provided.
Inquired the number of shareholders till January 31.
At the
February 4, 2015 Phone call Individual use Investor The Company provided the information released by
Company
the Securities Depository and Clearing Corporation.
Inquired the specific operating conditions in Q1. The
At the
February 5, 2015 Phone call Individual use Investor Company suggested the investor to focus the 2015
Company
Q1 Report to be disclosed soon.
Inquired when Nantong SEG Times Square can
obtain the pre-sale permit. The Company answered
At the
February 10, 2015 Phone call Individual use Investor that currently the Company was promoting the related
Company
matters and will disclose the related information
when the pre-sale permit was received.
Inquired when Nantong SEG Times Square can
obtain the pre-sale permit. The Company answered
At the
February 13, 2015 Phone call Individual use Investor that currently the Company was promoting the related
Company
matters and will disclose the related information
when the pre-sale permit was received.
Inquired the time for disclosing the annual report.
At the
March 9, 2015 Phone call Individual use Investor The Company answered that the annual report was to
Company
be disclosed on March 28, 2015.
Inquired the number of shareholders till February 28.
At the
March 10, 2015 Phone call Individual use Investor The Company provided the information released by
Company
the Securities Depository and Clearing Corporation.
Inquired the specific operating conditions in Q1. The
At the
March 13, 2015 Phone call Individual use Investor Company suggested the investor to focus the 2015
Company
Q1 Report to be disclosed soon.
Inquired the number of shareholders till March 15.
At the
March 17, 2015 Phone call Individual use Investor The Company provided the information released by
Company
the Securities Depository and Clearing Corporation.
Inquired the specific operating conditions in Q1. The
At the
March 24, 2015 Phone call Individual use Investor Company suggested the investor to focus the 2015
Company
Q1 Report to be disclosed soon.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2015
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 203,963,874.32 383,056,680.70
Deposit reservation for balance
Loans to banks and other financial institutions 30,000,000.00 30,000,000.00
Financial assets measured by fair value and whose
change was counted into current gains and losses
Derivative financial assets
Notes receivable 169,071.26 84,618.08
Accounts receivable 148,239,499.27 185,866,040.16
Advances 95,949,905.16 94,633,317.07
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Interest receivable
Dividends receivable
Other accounts receivable 52,052,452.08 95,366,156.27
Redemptory monetary capital for resale
Inventory 364,491,597.78 278,281,586.72
Held-for-sale assets
Non-current assets due within one year
Other current assets 482,352,869.14 443,543,013.49
Total current assets 1,377,219,269.01 1,510,831,412.49
Non-current assets:
Loans and advances issued 487,878,157.38 452,517,072.06
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Closing balance Opening balance
Financial assets available for sale 34,479,897.07 34,350,035.45
Held-to-maturity investment
Long-term receivables
Long-term equity investment 80,887,352.11 82,100,197.01
Investment properties 457,863,195.02 462,562,882.78
Fixed assets 40,515,623.33 41,408,298.43
Construction in progress
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil & gas assets
Intangible assets 1,114,680.21 655,587.54
Development expenses
Goodwill 10,328,927.82 10,328,927.82
Long-term expenses to be amortized 48,177,247.93 49,768,678.00
Deferred income tax assets 10,449,634.16 10,539,563.16
Other non-current assets 0.00 4,655,063.54
Total non-current assets 1,171,694,715.03 1,148,886,305.79
Total assets 2,548,913,984.04 2,659,717,718.28
Current liabilities:
Short-term borrowing 210,000,000.00 189,246,687.38
Loans from central bank
Deposits attracted and placement from banks and
other financial institutions
Loans from banks and other financial institutions
Financial liabilities measured by fair value and
whose change was counted into current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 125,313,980.20 200,129,651.92
Advances from customers 160,927,151.92 183,059,311.31
Financial assets sold for repurchase
Service charges and commissions payable
Payroll payable 10,192,924.79 18,858,843.33
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Closing balance Opening balance
Taxes payable 47,955,956.19 39,445,696.47
Interest payable 14,810,834.00 10,295,250.65
Dividends payable 1,717,882.74 1,717,882.74
Other payables 176,947,923.43 244,804,403.06
Reinsurance accounts payable
Insurance deposit
Customer brokerage deposits
Securities underwriting brokerage deposits
Held-for-sale liabilities
Non-current liabilities due within one year
Other current liabilities 250,000,000.00 250,000,000.00
Total current liabilities 997,866,653.27 1,137,557,726.86
Non-current liabilities:
Long-term borrowing
Bonds payable
Including: Preferred stock
Perpetual capital securities
Long-term payables
Payroll payable
Special payables
Estimated liabilities
Deferred income 9,687,556.95 9,705,371.01
Deferred income tax liabilities 16,840,777.80 17,085,543.80
Other non-current liabilities
Total non-current liabilities 26,528,334.75 26,790,914.81
Total liabilities 1,024,394,988.02 1,164,348,641.67
Owners' equity:
Share capital 784,799,010.00 784,799,010.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 404,727,257.72 404,727,257.72
Less: Treasury shares
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Closing balance Opening balance
Other comprehensive income 296,663.45 231,817.05
Special reserve
Surplus public reserve 102,912,835.67 102,912,835.67
General risk provision
Retained earnings 27,648,352.53 6,299,799.41
Total owners' equity attributable to the parent company 1,320,384,119.37 1,298,970,719.85
Minority shareholders' equity 204,134,876.65 196,398,356.76
Total owners' equity 1,524,518,996.02 1,495,369,076.61
Total liabilities and owners' equity 2,548,913,984.04 2,659,717,718.28
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
2. Balance sheet of the parent company
March 31, 2015
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 61,879,500.77 204,395,253.65
Financial assets measured by fair value and whose
change was counted into current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable
Advances 1,822,948.26
Interest receivable 1,259,913.86 897,225.78
Dividends receivable
Other accounts receivable 504,329,584.04 410,453,048.03
Inventory 663,197.00 786,589.00
Held-for-sale assets
Non-current assets due within one year
Other current assets 578,100,000.00 463,590,246.68
Total current assets 1,148,055,143.93 1,080,122,363.14
Non-current assets:
Financial assets available for sale 33,515,392.83 33,515,392.83
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Closing balance Opening balance
Held-to-maturity investment
Long-term receivables
Long-term equity investment 350,870,878.35 382,083,723.25
Investment properties 292,289,193.27 294,918,970.98
Fixed assets 19,425,681.69 19,583,422.45
Construction in progress
Engineering materials
Disposal of fixed assets
Productive biological assets
Oil & gas assets
Intangible assets 752,780.50 271,067.06
Development expenses
Goodwill
Long-term expenses to be amortized 4,217,103.25 4,589,158.00
Deferred income tax assets 8,264,161.37 8,354,062.87
Other non-current assets 0.00 1,313,063.54
Total non-current assets 709,335,191.26 744,628,860.98
Total assets 1,857,390,335.19 1,824,751,224.12
Current liabilities:
Short-term borrowing 150,000,000.00 100,000,000.00
Financial liabilities measured by fair value and
whose change was counted into current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 1,500.00 1,500.00
Advances from customers 44,407,849.79 65,628,441.87
Payroll payable 5,626,997.44 9,907,467.00
Taxes payable 28,118,333.94 20,697,003.64
Interest payable 14,810,834.00 10,237,500.66
Dividends payable 119,803.29 119,803.29
Other payables 68,883,278.91 87,202,387.17
Held-for-sale liabilities
Non-current liabilities due within one year
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Item Closing balance Opening balance
Other current liabilities 250,000,000.00 250,000,000.00
Total current liabilities 561,968,597.37 543,794,103.63
Non-current liabilities:
Long-term borrowing
Bonds payable
Including: Preferred stock
Perpetual capital securities
Long-term payables
Payroll payable
Special payables
Estimated liabilities
Deferred income 9,500,000.00 9,500,000.00
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 9,500,000.00 9,500,000.00
Total liabilities 571,468,597.37 553,294,103.63
Owners' equity:
Share capital 784,799,010.00 784,799,010.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 405,955,264.44 405,955,264.44
Less: Treasury shares
Other comprehensive income
Special reserve
Surplus public reserve 102,912,835.67 102,912,835.67
Retained earnings -7,745,372.29 -22,209,989.62
Total owners' equity 1,285,921,737.82 1,271,457,120.49
Total liabilities and owners' equity 1,857,390,335.19 1,824,751,224.12
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
3. Consolidated profit statement
March, 2015
Unit: Yuan
Amount incurred in this report Amount incurred in the previous
Item
period period
1. Total operating revenue 201,742,250.86 156,296,410.46
Including: Operating revenue 191,029,218.56 145,841,677.48
Interest income 10,686,736.19 10,437,899.17
Earned premiums
Service charges and commissions income 26,296.11 16,833.81
2. Total operating cost 164,200,736.22 121,162,948.72
Including: Operating cost 142,109,576.55 107,920,992.72
Interest expenses 2,066,755.56 912,972.23
Commissions
Surrender value
Net compensation pay-outs
Net insurance deposit accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharges 6,369,343.37 6,288,053.02
Sale expenses 459,391.03 381,151.00
Management expenses 7,507,219.31 7,616,967.07
Financial cost 4,943,864.72 -1,957,187.32
Loss from asset impairment 744,585.68 0
Income from change of sound value (Loss is marked with
"-")
Income from investment (Loss is marked with "-") 2,736,686.86 5,202,783.84
Including: Income from investment in joint ventures
and associated enterprises -2,088,190.80 -2,238,816.10
Income from exchange (Loss is marked with "-")
III. Operating profit (Loss is marked with "-") 40,278,201.50 40,336,245.58
Add: Non-operating revenue 317,029.50 378,109.51
Including: Gains on disposal of non-current assets
Less: Non-operating expenses 23,408.91 103,735.57
Including: Loss from disposal of non-current assets
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
IV. Total profit (Total loss is marked with "-") 40,571,822.09 40,610,619.52
Less: Income tax 11,519,298.89 10,981,390.41
V. Net profit (Net loss is marked with "-") 29,052,523.20 29,629,229.11
Net profit attributable to shareholders of the parent
21,348,553.12 22,449,590.92
company
Profit and loss of minority shareholders 7,703,970.08 7,179,638.19
VI. Net of tax of other comprehensive incomes 97,396.21 -30,038.08
Total owners' net of tax of other comprehensive incomes
64,846.40 -19,999.35
attributable to the parent company
1. Other comprehensive incomes that cannot be
reclassified into gains and losses
(1) Changes of net liabilities or net assets of the
re-measured defined benefit plans
(2) Shares of the investee of other comprehensive
incomes that cannot be reclassified into gains and losses under
the equity method
2. Other comprehensive incomes that can be categorized
64,846.40 -19,999.35
as gains and losses
(1) Shares of the investee of other comprehensive
incomes that can be categorized as gains and losses under the
equity method
(2) Gains and losses from changes of fair value of the
64,846.40 -19,999.35
available-for-sale financial assets
(3) Held-to-maturity investments categorized as gains
and losses from the available-for-sale financial assets
(4) Effective gains or loss from cash flows
(5) Translation difference of the financial statements in
foreign currency Less:
(6) Others
Net of tax of other comprehensive incomes attributable to
32,549.81 -10,038.73
minority shareholders
VII. Total comprehensive income 29,149,919.41 29,599,191.03
Total comprehensive income attributable to shareholders
21,413,399.52 22,429,591.57
of the parent company
Total comprehensive income attributable to minority
7,736,519.89 7,169,599.46
shareholders
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
VIII. Earnings per share
(1) Basic earnings per share 0.0272 0.0286
(2) Diluted earnings per share 0.0272 0.0286
During the merger of the enterprises under the control of a same entity in this report period, the net profit of the acquired party
realized before the merger was: RMB 0.00 Yuan, and net profit of the purchased party realized before the merger in the previous
period was: RMB 0.00 Yuan.
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
4. Profit statement of the parent company
March, 2015
Unit: Yuan
Amount incurred in this report Amount incurred in the previous
Item
period period
I. Operating revenue 32,055,262.64 34,948,805.08
Less: Operating cost 12,080,463.34 19,328,224.88
Operating tax and surcharges 1,797,527.76 1,949,533.93
Sale expenses
Management expenses 2,733,599.16 2,911,191.34
Financial cost 3,949,820.68 -4,467,780.55
Loss from asset impairment -400,000.00 0
Income from change of sound value (Loss is marked with
0 0
"-")
Income from investment (Loss is marked with "-") 7,934,946.64 3,062,605.83
Including: Income from investment in joint ventures
and associated enterprises -2,088,190.80 -2,238,816.10
III. Operating profit (Loss is marked with "-") 19,828,798.34 18,290,241.31
Add: Non-operating revenue 0.19 5,124.10
Including: Gains on disposal of non-current assets
Less: Non-operating expenses 21,350.50 10,270.00
Including: Loss from disposal of non-current assets 4,100.50 0
IV. Total profit (Total loss is marked with "-") 19,807,448.03 18,285,095.41
Less: Income tax 5,342,830.70 5,130,977.88
V. Net profit (Net loss is marked with "-") 14,464,617.33 13,154,117.53
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
V. Net of tax of other comprehensive incomes
1. Other comprehensive incomes that cannot be
reclassified into gains and losses
(1) Changes of net liabilities or net assets of the
re-measured defined benefit plans
(2) Shares of the investee of other comprehensive
incomes that cannot be reclassified into gains and losses under
the equity method
2. Other comprehensive incomes that can be categorized
as gains and losses
(1) Shares of the investee of other comprehensive
incomes that can be categorized as gains and losses under the
equity method
(2) Gains and losses from changes of fair value of the
available-for-sale financial assets
(3) Held-to-maturity investments categorized as gains
and losses from the available-for-sale financial assets
(4) Effective gains or loss from cash flows
(5) Translation difference of the financial statements in
foreign currency Less:
(6) Others
VI. Total comprehensive income 14,464,617.33 13,154,117.53
VII. Earnings per share
(1) Basic earnings per share
(2) Diluted earnings per share
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
5. Consolidated cash flow statement
March, 2015
Unit: Yuan
Amount incurred in this report Amount incurred in the previous
Item
period period
I. Cash flow from operating activities:
Cash received from sales of goods and rendering of
363,168,639.74 469,413,208.88
services
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
Net increase in customer bank deposits and placement
from banks and other financial institutions
Net increase in loans from central bank
Net increase in borrowing from other financial institutions
Cash received from premiums of primary insurance
contracts
Net cash received from reinsurance business
Net increase in deposits from policyholders and
investment
Net increase of financial assets measured by fair value and
whose change was counted into current gains and losses
Cash received from interest and commissions 18,488,846.37 13,197,482.98
Net increase of loans from banks and other financial
institutions
Net increase of redemption capital
Tax refunds 88,433,998.57 3,563,641.53
Other cash received relating to operating activities 153,340,389.27 112,183,330.08
Subtotal of cash inflow from operating activities 623,431,873.95 598,357,663.47
Cash paid for goods and service 458,011,469.10 463,260,003.61
Net increase of loans to customers and advances 36,505,671.00 -29,550,762.00
Net increase in deposits with central bank and other
financial institutions
Cash paid for compensation pay-outs of primary insurance
contracts
Cash paid for interest, service charges, and commissions 4,773.87 237,331.00
Cash paid as insurance dividends
Cash paid to and on behalf of employees 26,984,453.72 22,492,493.78
Taxes paid 21,844,523.26 38,018,451.62
Other cash paid relating to operating activities 117,910,610.54 103,796,552.39
Subtotal of cash outflow in operating activities 661,261,501.49 598,254,070.40
Net cash flow from operating activities -37,829,627.54 103,593.07
II. Cash flows from investing activities:
Cash received from withdrawal of investment 564,986,772.09 609,900,000.00
Cash received from investment income 4,548,451.09 7,441,599.94
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets
Net cash received from disposal of subsidiaries and other
business units
Other cash received relating to investing activities
Subtotal of cash inflow from investing activities 569,535,223.18 617,341,599.94
Cash paid for purchase and construction of fixed assets,
2,231,465.50 3,729,911.54
intangible assets and other long-term assets
Cash paid for investment 666,902,394.54 553,700,000.00
Net increase of mortgage loans 0.00 0.00
Net cash paid for acquisition of subsidiaries and other
business units
Other cash paid relating to investing activities
Subtotal of cash outflow in investing activities 669,133,860.04 557,429,911.54
Net cash flow from investing activities -99,598,636.86 59,911,688.40
III. Cash flow from financing activities:
Cash received from attraction of investment
Including: Cash received by subsidiaries from investment
of minority shareholders
Borrowings received 80,000,000.00 31,000,000.00
Cash received from bond issue
Other cash received relating to financing activities
Subtotal of cash inflow from financing activities 80,000,000.00 31,000,000.00
Cash repayments of amounts borrowed 59,246,687.38 45,000,000.00
Cash paid for dividend and profit distribution or interest
2,705,734.42 1,324,064.01
payment
Including: Dividends and profit paid by subsidiaries to
minority shareholders
Other cash paid relating to financing activities 59,712,120.18 0.00
Subtotal of cash outflow in financing activities 121,664,541.98 46,324,064.01
Net cash flow arising from financing activities -41,664,541.98 -15,324,064.01
IV. Influence of exchange rate fluctuation on cash and cash
0.00 0.00
equivalents
V. Net Increase of cash and cash equivalents -179,092,806.38 44,691,217.46
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
Add: Opening balance of cash and cash equivalents 382,056,680.70 335,593,493.81
VI. Ending balance of cash and cash equivalents 202,963,874.32 380,284,711.27
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
6. Cash flow statement of the parent company
March, 2015
Unit: Yuan
Amount incurred in this report Amount incurred in the previous
Item
period period
I. Cash flow from operating activities:
Cash received from sales of goods and rendering of
20,686,855.63 23,517,116.05
services
Tax refunds
Other cash received relating to operating activities 47,259,414.68 51,124,214.57
Subtotal of cash inflow from operating activities 67,946,270.31 74,641,330.62
Cash paid for goods and service 16,515,352.87 5,127,754.65
Cash paid to and on behalf of employees 9,947,346.96 9,607,292.80
Taxes paid 10,646,562.67 27,217,282.67
Other cash paid relating to operating activities 146,150,832.27 57,766,967.59
Subtotal of cash outflow in operating activities 183,260,094.77 99,719,297.71
Net cash flow from operating activities -115,313,824.46 -25,077,967.09
II. Cash flows from investing activities:
Cash received from withdrawal of investment 598,500,000.00 523,000,000.00
Cash received from investment income 9,556,491.03 5,301,421.93
Net cash received from disposal of fixed assets, intangible
400,000.00 0.00
assets and other long-term assets
Net cash received from disposal of subsidiaries and other
0.00 0.00
business units
Other cash received relating to investing activities 0.00 0.00
Subtotal of cash inflow from investing activities 608,456,491.03 528,301,421.93
Cash paid for purchase and construction of fixed assets,
8,975.00 361,937.00
intangible assets and other long-term assets
Cash paid for investment 683,600,000.00 443,000,000.00
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
Amount incurred in this report Amount incurred in the previous
Item
period period
Net cash paid for acquisition of subsidiaries and other
0.00 0.00
business units
Other cash paid relating to investing activities 0.00
Subtotal of cash outflow in investing activities 683,608,975.00 443,361,937.00
Net cash flow from investing activities -75,152,483.97 84,939,484.93
III. Cash flow from financing activities:
Cash received from attraction of investment
Borrowings received 50,000,000.00 0.00
Cash received from bond issue
Other cash received relating to financing activities
Subtotal of cash inflow from financing activities 50,000,000.00 0.00
Cash repayments of amounts borrowed
Cash paid for dividend and profit distribution or interest
2,049,444.45 0.00
payment
Other cash paid relating to financing activities
Subtotal of cash outflow in financing activities 2,049,444.45 0.00
Net cash flow arising from financing activities 47,950,555.55 0.00
IV. Influence of exchange rate fluctuation on cash and cash
equivalents
V. Net Increase of cash and cash equivalents -142,515,752.88 59,861,517.84
Add: Opening balance of cash and cash equivalents 204,395,253.65 173,141,378.64
VI. Ending balance of cash and cash equivalents 61,879,500.77 233,002,896.48
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong
II. Auditor's Report
Has the first quarterly report been audited?
□ Yes √ No
The Q1 Report has not been audited.
