Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
Q1 2019 Report
Notice No.:2019-051
April 2019
1
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice
The Board of Directors, the Board of Supervisors, the directors, the
supervisors, and the senior executives guarantee that the quarterly report is
authentic, accurate, and complete and that it has no false records, misleading
statements or major omissions and they undertake joint and several legal
liabilities.
All directors other than the following directors have attended this board
meeting to review the annual report.
Position of director not
Name of director not present Reason for absence Name of proxy
present
Gao Jianbai Director For work Chen Huijie
Song Pingping Independent director For work Fan Zhiqing
Zhang Yuwang Director For work Chen Huijie
Zhang Liang Director For work Xu Laping
Chairman of the Board Chen Huijie, Chief Financial Officer Yan Dongxia,
and the responsible person of the accounting institution (accountant in charge)
Yan Dongxia hereby declare that the Financial statements enclosed in this
quarterly report are true, accurate and complete.
2
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 2 Basic Information about the Company
I. Major accounting data and financial indexes
Are retrospective adjustments made to previous financial statements?
□ 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 revenue (yuan) 376,087,480.56 391,140,155.46 -3.85%
Net profit attributable to shareholders of the
60,097,292.93 62,622,931.80 -4.03%
listed company (yuan)
Net profit attributable to shareholders of the
listed company after deducting non-recurring 15,160,088.23 27,128,268.89 -44.12%
gains and losses (yuan)
Net cash flow arising from operating activities
-10,122,641.51 -1,165,334.33
(yuan)
Basic EPS (yuan/share) 0.0486 0.0507 -4.14%
Diluted EPS (yuan/share) 0.0486 0.0507 -4.14%
Weighted average ROE 2.41% 2.40% 0.01%
Year-on-year
Amount at the end of the Amount at the end of the
increase/decrease in the
reporting period previous year
reporting period
Total assets (yuan) 6,628,767,304.85 7,128,009,738.20 -7.00%
Net assets attributable to shareholders of the
1,920,074,451.41 1,867,881,216.44 2.79%
listed company (yuan)
Items and amount of non-recurring gains and losses
√ Applicable □ Not Applicable
Unit: yuan
Amount from the beginning
Item of year to the end of the Remarks
period
Profit or loss on disposal of non-current assets (including the Income from reduction of
55,036,051.26
write-off of assets depreciation reserves) holding-shares of Huakong SEG
Government subsidies recognized in current profit or loss (except Support project fund for the
those closely related to corporate business and enjoyed according 474,999.99 construction of Nantong SEG
to national standards or certain quota) electronics market
3
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Profit and loss from commissioned investment or asset
4,806,398.41
management
Other items conforming to the definition of non-recurring profit
349,538.55
and loss
Less: Amount of affected income tax 15,166,747.05
Amount of influence of minority shareholders' equity (after
563,036.46
tax)
Total 44,937,204.70 --
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 Securities to the Public - Non-recurring Profit
and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable √ Not applicable
In the reporting period, no item of non-recurring profit and loss defined and listed according to the Explanatory Announcement No. 1
on Information Disclosure by Companies Offering Securities to the Public — Non-recurring Profit and Loss is defined as an item of
recurring profit and loss.
II. Total number of shareholders and shares held by top 10 shareholders at the end of the
reporting period
1. Total number of ordinary shareholders and preferred shareholders restored with voting rights and
shares held by top 10 shareholders
Unit: Share
Total number of preferred
Total number of ordinary shareholders at
70,146 shareholders restored with the 0
the end of the reporting period
voting rights (if any)
Shares held by top 10 shareholders
Quantity of Information on pledged or frozen
Nature of Proportion of
Name of shareholder Shares held restricted shares
shareholder shareholding
shares held Share status Quantity
Shenzhen SEG Group State-owned legal
56.70% 700,628,759 450,857,239
Co., Ltd. person
Shenzhen Rongchao
Domestic
Investment
non-state-owned 0.62% 7,660,000 0
Development Co.,
legal person
Ltd.
Domestic natural
Liu Guocheng 0.57% 7,052,702 0
person
Domestic natural
Liu Guohong 0.26% 3,234,898 0
person
4
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Overseas natural
Gong Qianhua 0.24% 2,940,000 0
person
Shanghai Juzhang Domestic
Investment non-state-owned 0.21% 2,652,541 0
Management Co., Ltd. legal person
China Securities Domestic
Finance Corporation non-state-owned 0.18% 2,271,900 0
Limited legal person
Domestic natural
Xu Yueying 0.14% 1,760,000 0
person
China Hi-tech Group State-owned legal
0.12% 1,500,000 0
Corporation person
Chongqing
International Trust
Co., Ltd. - Yuxin
Others 0.10% 1,220,000 0
Chuangxin Youshi
No. 12 Assembled
Funds Trust
Information on top 10 shareholders of non-restricted shares
Quantity of unrestricted Type of share
Name of shareholder
ordinary shares held Type of share Quantity
Shenzhen SEG Group Co., Ltd. 249,771,520 RMB ordinary shares 249,771,520
Shenzhen Rongchao Investment
7,660,000 RMB ordinary shares 7,660,000
Development Co., Ltd.
Liu Guocheng 7,052,702 Domestically listed foreign shares 7,052,702
Liu Guohong 3,234,898 Domestically listed foreign shares 3,234,898
Gong Qianhua 2,940,000 Domestically listed foreign shares 2,940,000
Shanghai Juzhang Investment Management
2,652,541 RMB ordinary shares 2,652,541
Co., Ltd.
China Securities Finance Corporation
2,271,900 RMB ordinary shares 2,271,900
Limited
Xu Yueying 1,760,000 Domestically listed foreign shares 1,760,000
China Hi-tech Group Corporation 1,500,000 RMB ordinary shares 1,500,000
Chongqing International Trust Co., Ltd. -
Yuxin Chuangxin Youshi No. 12 1,220,000 RMB ordinary shares 1,220,000
Assembled Funds Trust
Shenzhen SEG Group Co., Ltd. has no association relationship with other
Explanations on the association relationship
shareholders and is not a person acting in concert with other shareholders as specified
or concerted action among the
in the Management Methods for Disclosure of Information on Changes of
5
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
above-mentioned shareholders Shareholding Status of Shareholders of Listed Companies. It is unclear whether other
shareholders are persons acting in concert.
Information on top 10 ordinary shareholders
participating in securities margin trading (if None.
any)
Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct agreed repurchase
transactions in the reporting period?
□ Yes √ No
Top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
2. Total number of preferred shareholders and shares held by top 10 preferred shareholders
□ Applicable √ Not applicable
6
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 3 Important Matters
I. Changes in main financial data and financial indicators of the reporting period and reasons
√ Applicable □ Not applicable
(I) Items of the Consolidated Balance Sheet Statement
Unit: RMB/Yuan
Increase/decrease year
Item Closing balance Opening balance Difference
on year (%)
Monetary funds 1,230,137,703.98 1,757,492,816.67 -527,355,112.69 -30.01%
Notes receivable and accounts
74,163,820.86 54,426,228.11 19,737,592.75 36.26%
receivable
Prepayment 1,542,058.75 2,701,718.53 -1,159,659.78 -42.92%
Payroll payable 30,080,168.48 44,065,725.59 -13,985,557.11 -31.74%
Taxes payable 171,476,588.03 121,045,597.93 50,430,990.10 41.66%
Other payables 588,676,374.70 1,021,673,905.77 -432,997,531.07 -42.38%
1. Monetary funds decreased by RMB 527,355,112.69 or 30.01% over the beginning of the period, mainly due to repayment of the
restructuring consideration to SEG Group and bank loans.
2. Notes receivable and accounts receivable increased by RMB 19,737,592.75 or 36.26% over the beginning of the period, mainly
because SEG Property Management accrued the management expenses of RMB 20,527,800.
3. Prepayment decreased by RMB 1,159,659.78 or 42.92% over the beginning of the period, mainly due to business contraction of
SEG Industrial in the reporting period.
4. Payroll payable decreased by RMB 13,985,557.11 or 31.74% over the beginning of the period, mainly because the company
granted part of salaries and bonuses accrued in the previous year.
5. Taxes payable increased by RMB 50,430,990.10 or 41.66% over the beginning of the period, mainly because SEG New Urban
incurred the land VAT for property sales of RMB 21 million and the Company incurred the enterprise income tax of RMB 9,246,600
for sales of shares of Huakong SEG.
6. Other payables decreased by RMB 432,997,531.07 or 42.38% over the beginning of the period, mainly due to repayment f the
restructuring consideration to SEG Group.
(II) Items of the Consolidated Profit Statement
Unit: RMB/Yuan
Amount of the same
Amount for the current Increase/decrease
Item period of the previous Difference
period year on year (%)
year
Interest income 0.00 5,020,857.08 -5,020,857.08 -100.00%
Service charges and commissions 0.00 223,839.96 -223,839.96 -100.00%
7
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
income
Tax and surcharges 31,785,231.34 10,239,902.06 21,545,329.28 210.41%
Sale expenses 5,180,963.20 7,610,500.75 -2,429,537.55 -31.92%
Financial expenses 23,195,019.91 15,524,536.56 7,670,483.35 49.41%
Loss from asset impairment 0.00 3,428,150.12 -3,428,150.12 -100.00%
Non-operating revenue 1,059,075.24 1,567,854.35 -508,779.11 -32.45%
Non-operating expenses 234,536.70 4,264,049.51 -4,029,512.81 -94.50%
1. Interest income decreased by RMB 5,020,857.08 or 100% year on year, mainly because the equity of SEG Credit was sold in the
previous year and such income was not generated in the reporting period.
2. Service charges and commissions income decreased by RMB 223,839.96 or 100% year on year, mainly because the equity of SEG
Credit was sold in the previous year and such income was not generated in the reporting period.
3. Tax and surcharges increased by RMB 21,545,329.28 or 210.41% year on year, mainly because SEG New Urban incurred the land
VAT for property sales of RMB 21 million.
4. Sale expenses decreased by RMB 2,429,537.55 or 31.92% year on year, mainly because the sales agent expense paid by SEG New
Urban decreased by RMB 1.55 million year on year and the advertising expenses paid by Nantong SEG and Huizhou Stars decreased
by RMB 670 thousand year on year.
5. Financial expenses increased by RMB 7,670,483.35 or 49.41% year on year, mainly because the interest of RMB 9,088,400 was
incurred due to issue of corporate bonds of RMB 800 million.
6. Loss from asset impairment decreased by RMB 3,428,150.12 year on year, mainly because SEG Credit accrued the provision for
loan loss in the same the period of the previous year and there is no such impairment in the reporting period as SEG Credit has been
sold.
7. Non-operating revenue decreased by RMB 508,779.11 or 32.45% year on year, mainly because SEG Property Development
received the subsidy of RMB 666,200 for facade renovation of SEG Plaza in the same the period of the previous year and no such
income was generated in the reporting period.
8. Non-operating expenses decreased by RMB 4,029,512.81 or 94.50% year on year, mainly because SEG Real Estate paid for
termination of a contract (2017 Y. 0307 M. C. No. 6835) in the same the period of the previous year.
(III) Items of the Consolidated Cash Flow Statement
Unit: RMB/Yuan
Amount for the same
Amount for the Increase/decrease
Item period of the previous Difference
current period year on year (%)
year (adjusted)
Cash received from interest, handling charges and
371,052.26 4,661,395.77 -4,290,343.51 -92.04%
commissions
Cash paid for goods and service 104,282,449.76 244,997,988.68 -140,715,538.92 -57.44%
Net increase in loans to customers and advances 0.00 -16,784,988.00 16,784,988.00
Taxes paid 37,114,103.27 70,845,921.44 -33,731,818.17 -47.61%
Net cash received from disposal of subsidiaries and
0.00 -3,394,971.91 3,394,971.91
other business units
8
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Cash paid for purchase and construction of fixed
4,150,185.67 32,963,785.60 -28,813,599.93 -87.41%
assets, intangible assets and other long-term assets
Cash paid for investment 793,128,340.34 350,880,000.00 442,248,340.34 126.04%
Cash received from absorbing investment 0.00 980,000.00 -980,000.00 -100.00%
Cash received from borrowings 250,000,000.00 152,000,000.00 98,000,000.00 64.47%
Cash paid for debt repayment 375,632,579.00 281,320,347.76 94,312,231.24 33.52%
Cash paid for dividend and profit distribution or
8,805,931.09 12,986,315.44 -4,180,384.35 -32.19%
interest payment
1. Cash received from interest, handling charges and commissions decreased by RMB 4,290,343.51 or 92.04% year on year, mainly
because the equity of SEG Credit has been transferred in the reporting period and no loan was incurred.
2. Cash paid for goods and service decreased by RMB 140,715,538.92 or 57.44% year on year, mainly because the projects of
Nantong SEG and SEG New Urban have been completed and the expenditure decreased by RMB 141,325,500 year on year.
3. Net increase in loans to customers and advances decreased by RMB 16,784,988.00 year on year, mainly because no loan was
incurred in the reporting period.
4. Taxes paid decreased by RMB 33,731,818.17 or 47.61% year on year, mainly because taxes paid by SEG Real Estate decreased by
RMB 29,478,700 year on year.
5. Net cash received from disposal of subsidiaries and other business units decreased by RMB 3,394,971.91 year on year, mainly
because no subsidiaries and other business units were disposed of in the reporting period.
6. Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets decreased by RMB
28,813,599.93 or 87.41%, mainly because this item included the prepayment for equipment by Shenzhen-Shantou Longyan last year.
7. Cash paid for investment increased by RMB 442,248,340.34 or 126.04% year on year, mainly because repayment of the
restructuring consideration of RMB 375,626,200 to SEG Group.
8. Cash received from absorbing investment decreased by RMB 980,000.00 or 100% year on year, mainly because the company
acquired the investment from minority shareholders of SEG Yicheng in the same period of the previous year.
9. Cash received from borrowings increased by RMB 98,000,000.00 or 64.47% year on year, mainly because borrowings increased in
the reporting period.
10. Cash paid for debt repayment increased by RMB 94,312,231.24 or 33.52% year on year, mainly because loan repayment
increased in the reporting period.
11. Cash paid for dividend and profit distribution or interest payment decreased by RMB 41,803,843,500 or 32.19% year on year,
mainly because SEG Credit paid the interest of RMB 2,996,600 in the same period of the previous year and this expenditure was not
incurred in the reporting period.
II. Progress and impacts of major events and analysis of solutions
√ Applicable □ Not applicable
Inquiry index for the websites disclosing
Overview of major events Disclosure date
the temporary reports
1. Progress of breach of contract by the holding http://www.cninfo.com.cn
April 30, 2019
sub-subsidiary SEG New Urban Annual Report of 2018 of Shenzhen SEG
9
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Due to such force majeure as severe weather, the Co., Ltd.
construction of the ECO project developed by the holding
http://www.cninfo.com.cn
sub-subsidiary SEG New Urban was affected, resulting in
Announcement on the Progress of
breach of contract with 585 owners (of which 29 owners January 3, 2019
Breach of Contract by the Holding
filed lawsuits). As of the end of the reporting period, SEG
Sub-subsidiary
New Urban has reached a compromise with 417 owners.
http://www.cninfo.com.cn
Announcement on the Progress of
January 10, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
January 17, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
January 24, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
January 31, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
February 14, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
February 28, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
March 7, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
Announcement on the Progress of
March 21, 2019
Breach of Contract by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
March 28, 2019 Announcement on the Progress of
Breach of Contract by the Holding
10
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Sub-subsidiary
2. Dispute over the lease contract arose between Nanning http://www.cninfo.com.cn
Haiqi Real Estate Development Co., Ltd. and Shenzhen SEG Announcement of Shenzhen SEG Co.,
September 26, 2016
Co., Ltd. Case number: 2016 G. 0102 M. C. No. 3653 Ltd. on Receipt of Court Summons and
Second instance judgment: Nanning SEG shall pay the the Civil Complaint
liquidated damages of RMB 8 million, pay the attorney fee of
RMB 263,000 to Nanning Haiqi, and pay the case acceptance
fee of RMB 134,238.
The Company has applied for retrial. On July 11, 2018, the
http://www.cninfo.com.cn
Higher People's Court of Guangxi Zhuang Autonomous
August 31, 2018 Semi-Annual Report 2018 of Shenzhen
Region decided to put the case on file. On March 22, 2019,
SEG Co., Ltd.
the company received the Civil Ruling Paper served by the
Higher People's Court of Guangxi Zhuang Autonomous
Region which rejected the re-trial application of the
company. Now the case is fulfilled completely.
3. SEG Industrial sued against Shenzhen Wonder Industry
Co., Ltd., Liu Guiyun and Liu Yu for a dispute over the
purchase and sales contract. Case number: (2017) Y. 0304 M.
C. No. 5092; involved amount: 8,394,100 yuan
The first-instance judgment has taken effect. The claims filed http://www.cninfo.com.cn
by SEG Industrial were basically supported, except that not Announcement of Shenzhen SEG Co.,
September 20, 2018
all of the overdue fine was supported, and SEG Industrial Ltd. on the Progress of the Lawsuit
has applied for enforcement with the court. Involving Holding Subsidiaries
Shenzhen Wonder Industry Co., Ltd. and Liu Yu refused to
accept the first instance judgment and applied for re-trial to
Shenzhen Intermediate People's Court. On March 4, 2019,
the court decided to put the case on file.
4. SEG Industrial sued against Shenzhen Yixin Zhongtian
Technology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyan for a
dispute over the purchase and sales contract. Case number:
(2017) Y. 0304 M. C. No. 5088; involved amount:
14,805,700 yuan http://www.cninfo.com.cn
The first-instance judgment has taken effect. The claims filed Announcement of Shenzhen SEG Co.,
September 20, 2018
by SEG Industrial were basically supported, except that not Ltd. on the Progress of the Lawsuit
all of the overdue fine was supported. Involving Holding Subsidiaries
On January 30, 2019, Shenzhen Yixin Zhongtian
Technology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyan
applied for re-trial to Guangdong Higher People's Court and
the court decided to put the case on file.
5. SEG Industrial sued against Shenzhen Comnet http://www.cninfo.com.cn
Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, September 20, 2018 Announcement of Shenzhen SEG Co.,
Anhua Meishan Small Loan Co., Ltd., and Shenzhen Baiyide Ltd. on the Progress of the Lawsuit
11
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Technology Co., Ltd. for a dispute over the purchase and Involving Holding Subsidiaries
sales contract. Case number: (2017) Y. 0304 M. C. No. 7976;
involved amount: 5,155,400 yuan
According to the first-instance judgment, SEG Industrial was
the prevailing party. The other party arrested the
first-instance judgment and instituted an appeal. The second
instance is in progress.
6. SEG Industrial sued against Shenzhen Runneng Digital
Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua,
Anhua Meishan Small Loan Co., Ltd., and Shenzhen Baiyide
Technology Co., Ltd. for a dispute over the purchase and http://www.cninfo.com.cn
sales contract. Case number: (2017) Y. 0304 M. C. No. 7977; Announcement of Shenzhen SEG Co.,
September 20, 2018
involved amount: 15,345,000 yuan Ltd. on the Progress of the Lawsuit
According to the first-instance judgment, SEG Industrial was Involving Holding Subsidiaries
the prevailing party. The other party arrested the
first-instance judgment and instituted an appeal. The second
instance is in progress.
7. In the reporting period, 16 cases involving Nantong SEG
Operation are not settled yet, in which 2 cases are new.
Merchants owed the rents and management fees to Nantong
SEG Operation, resulting in disputes over lease contracts. http://www.cninfo.com.cn
Involved amount: 7,813,500 yuan August 31, 2018 Semi-Annual Report 2018 of Shenzhen
Twelve cases were settled and Nantong SEG Operation was SEG Co., Ltd.
the prevailing party. The remaining four cases are not settled,
among which two are on first trial and the other two are on
second trial.
In the reporting period, Nantong SEG is involved in 16
cases. In one case, Nantong SEG was the defendant. All
http://www.cninfo.com.cn
lawsuits arise from disputes over the house decoration
August 31, 2018 Semi-Annual Report 2018 of Shenzhen
contract, involving RMB 34,506,300. 12 cases have been
SEG Co., Ltd.
settled and are being enforced. One case is under re-trial.
Three cases are under second trial.
http://www.cninfo.com.cn
Risk Warning on Suspension of Some
February 1, 2019
Bank Accounts of the Holding
Sub-subsidiary
9. Follow-up on the business transaction between the holding
http://www.cninfo.com.cn
sub-subsidiary SEG New Urban and Shenzhen Zhaocheng
Announcement on the Receipt of the
Group
March 2, 2019 Legal Instrument & the Progress of
Suspension of Some Bank Accounts of
the Holding Sub-subsidiary
March 22, 2019 http://www.cninfo.com.cn
12
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Announcement on Unfreezing Accounts
of the Holding Sub-subsidiary
http://www.cninfo.com.cn
Risk Warning on the Possibility of the
March 29, 2019
Holding Sub-subsidiary's Liability for
Guarantee
http://www.cninfo.com.cn
April 16, 2019 Announcement on the Receipt of the
Civil Ruling Paper and the Notice for
Assistance in Enforcement
http://www.cninfo.com.cn
Risk Warning on Matters Related to the
April 23, 2019
Receipt of the Notice of Contract
Termination by the Holding
Sub-subsidiary
10. Public offering of corporate bonds http://www.cninfo.com.cn/
April 30, 2019
To meet the capital needs of the Company during main 2018 Annual Report
business development and to further expand financing http://www.cninfo.com.cn
channels, based on financial and operational status of the
Announcement on Public Offering of
Company, the Company planned to publicly issue corporate January 15, 2019
Corporate Bonds (1st Issue) to Qualified
bonds worth RMB 800 million on Shenzhen Stock Exchange
Investors in 2018
and provided counter-guarantee for mortgage.
http://www.cninfo.com.cn
On January 15, 2019, the corporate bonds (1st issue) of
Announcement on Contemplated
RMB 800 million issued by the Company were listed. February 19, 2019
Changes in Details of Repayment
Objects of 18 SEG 01 and 18 SEG 02
http://www.cninfo.com.cn
Announcement on Contemplated
February 22, 2019
Changes in Details of Repayment
Objects of 18 SEG 01 and 18 SEG 02
11. Retirement of Vice General Manager of the Company
http://www.cninfo.com.cn
Hong Xi was removed from Vice General Manager of the
January 31, 2019 Announcement on the Retirement of Vice
Company due to retirement and no longer holds any post in
General Manager of the Company
the Company.
http://www.cninfo.com.cn
Announcement on the Resolution of the
January 15, 2019
12. Reduction of Holding-shares of Shenzhen Huakong SEG 1st Extraordinary General Meeting in
Co., Ltd. 2019
http://www.cninfo.com.cn
April 24, 2019
Announcement on the Progress of
13
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Reduction of Holding-shares of
Shenzhen Huakong SEG Co., Ltd.
http://www.cninfo.com.cn
Suggestive Announcement on Suspension
13. Suspension of the Construction Project of the PV of the Construction Project of the PV
Industry Base of Shenzhen-Shantou Special Cooperation & Industry Base of Shenzhen-Shantou
the Connected Transaction Concerning Proposed Transfer of Special Cooperation & the Connected
March 12, 2019
100% of the Equity of Shenzhen-Shantou Cooperation Zone Transaction Concerning Proposed
SEG Longyan Energy Technology Co., Ltd. Held by the Transfer of 100% of the Equity of
Holding Subsidiary Shenzhen-Shantou Cooperation Zone
SEG Longyan Energy Technology Co.,
Ltd. Held by the Holding Subsidiary
14. Leasing of the entire commercial podium of SEG Times
Plaza by the wholly-owned subsidiary Nantong SEG Times
Plaza Development Co., Ltd. and execution of the lease http://www.cninfo.com.cn
contract Announcement on Leasing of the Entire
The wholly-owned subsidiary Nantong SEG Times Plaza Commercial Podium of SEG Times Plaza
Development Co., Ltd. and Red Star Macalline Group January 16, 2019 by the Wholly-owned Subsidiary
Corporation Ltd. ("Macalline") entered into the Lease Nantong SEG Times Plaza Development
Contract. The Company leased the entire commercial Co., Ltd. and Execution of the Lease
podium of Nantong SEG Times Plaza (with a total area of Contract
2
57,481 m ) to Macalline. The lease term is 15 years. The
total contract price is RMB 246,731,000.
15. Payment of the transaction consideration of SEG Group http://www.cninfo.com.cn
for major assets restructuring Report of Share Issuance and Cash
January 18, 2017 Payment to Acquire Assets and Raise
According to the major assets restructuring appraisal results
and the transaction payment method, 86.90% of the Supporting Funds & Connected
transaction consideration for 55% of equity of SEG Transaction
Recreation, 100% of equity of SEG Property, 100% of http://www.cninfo.com.cn
equity of SegMaker, and 79.02% of equity of SEG Real Announcement of Shenzhen SEG Co.,
Estate (RMB 4,481,521,000 in total) was paid by non-public Ltd. on Transfer of Underlying Assets
January 25, 2017
offering of shares; 13.10% of the transaction consideration for Share Issuance and Cash Payment to
(RMB 675,626,200) was paid in cash. Acquire Assets and Raise Funds &
On January 19, 2017, the business registration alteration Connected Transactions
procedures for the four target companies involved in the
http://www.cninfo.com.cn
major assets restructuring of SEG Group were completed.
Announcement of Shenzhen SEG Co.,
On February 25, 2017, 450,857,239 A-shares were
Ltd. on Transfer of Underlying Assets
determined for non-public offering in the major assets
March 4, 2017 for Share Issuance and Cash Payment to
restructuring and were listed on March 6, 2017.
Acquire Assets and Raise Funds &
On March 7, 2019, payment for the consideration of RMB Connected Transactions & Public
675,626,200 in cash was completed. Offering of New Shares
Progress of share repurchase
14
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
□ Applicable √ Not applicable
Progress of reduction of holding-shares in the form of centralized bidding
□ Applicable √ Not applicable
15
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
III. Commitments not fulfilled in the reporting period by the actual controller of the Company, shareholders, buyers, or other related
parties
√ Applicable □ Not applicable
Commitment Commitment
Commitments Subject Type Content Performance
date term
Commitment for share
Not applicable
reform
Commitments in the
Acquisition Report and the
Not applicable
Report of Changes on
Equity
"After updating and restructuring of SEG Industrial Building, SEG Extended
Economy Building, and SEG Recreation Industry Building, the performance
area of added part that belongs to SegMaker, SEG Recreation and (The Company
2
SEG Property is 2,855.20 m . SEG Group undertakes that the use has applied for
of the temporary buildings belonged to SegMaker, SEG Recreation extension of the
and SEG Property will be renewed after expiration of the two-year license for the
use duration. In case when, due to failure in renewal of use of said property and
Commitments made at the Shenzhen SEG
Other temporary buildings, the listed company has any loss or the income August 3, April 20, submitted
time of restructuring of Group Co.,
commitment during the period from expiration of the performance commitment 2016 2024 application
assets Ltd.
period to expiration of the evaluated income expected period is materials to the
lower than the expected compensation, or the listed company has relevant
any loss because the temporary buildings are required to be competent
dismantled by governmental organs during the period from authority for
expiration of the performance commitment period to expiration of approval. SEG
the evaluated income expected period, SEG Group will Group is assisting
compensate the listed company timely and in full amount with such
16
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
according to the following compensation methods: extension
1. SEG Group has made commitments for the performance of the application. The
subject company within three years after completion of major asset renewal
restructuring. Influence of the updating and restructuring project application is still
has been taken into account in the commitments. under approval
2. The amount of compensation for the income that is lower than and the license
the expected income during the period from expiration of the for renewal is not
performance commitment period to expiration of the evaluated obtained yet.)
income expected period = (the predicted accumulated income to
the end of the report period - actual accumulated income to the end
of the report period) - the compensated amount.
3. The loss caused when the temporary buildings are required to be
dismantled by governmental organs during the period from
expiration of the performance commitment period to expiration of
the evaluated income expected period = the dismantling cost and
compensation amount related - (the accumulated total income to
the time the buildings are dismantled- predicted accumulated
income during the predication period). Note: the predicted income
refers to the net value remained after the predicted total income
from the newly added temporary buildings in the evaluation reports
of the subject companies minuses the allocated investment cost
during the operating period and the amount influenced by
permanent rent termination predicted in the evaluation report.
Shenzhen SEG should employ an audit agency with security
practice qualification recognized by SEG Group to provide a
formal audit report on the compensation methods for the property
investment within the compensation scope of the report period
within four months at the end of each accounting year during the
compensation period. SEG Group should compensate in cash any
property investment and compensation items within the
17
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
compensation scope of the report period. Shenzhen SEG should
calculate the payable compensation amount within 15 working
days upon final specific review opinions provided by the audit
agency, and send a written notice to SEG Group. Within 30
working days upon receipt of the written notice from Shenzhen
SEG, SEG Group should pay the compensation in cash in full
amount."
Commitment made at the
time of initial public Not applicable
offerings or refinancing
Commitment on equity
Not applicable
incentives
Other commitments made
to the medium and small
Not applicable
shareholders of the
Company
Whether commitments were
No
fulfilled on time
For commitments
unfulfilled in the
The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for
commitment period, specify
approval. SEG Group is assisting with such extension application. The renewal application is still under approval and the license for renewal is not obtained
the reasons for
yet.
non-fulfillment and further
plans
IV. Estimation of operating results of January-June 2019
Warning of negative estimated accumulated net profit from the beginning of the year to the end of the next reporting period or large fluctuation over the same period of the previous year and
causes
18
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
□ Applicable √ Not applicable
V. Securities investment
√ Applicable □ Not applicable
Unit: Yuan
Profit
or loss
Amount
from Accumulativ
of Amount of Profit or loss
Initial Accounting change e changes in
Stock Short form of Opening book purchas sales in the in the Closing book Source of
Stock type investment measurement s in fair fair value Accounting item
code the security value e in the current reporting value capital
cost mode value in counted into
current period period
the equity
period
current
period
Domestic Measuremen
Youhao Available-for-sal Self-owne
and overseas 600778 90,405.00 t of fair 274,287.16 47,787.86 0.00 0.00 0.00 322,075.02
Group e financial assets d capital
shares value
Domestic Measuremen
Huakong 173,687,994.4 139,130,451.0 -7,455,408.8 -4,608,463.3 Long term equity Self-owne
and overseas 000068 t of cost -184.27 127,066,394.6
SEG 5 9 5 4 investment d capital
shares method
Domestic Measuremen
SEG Available-for-sal Self-owne
and overseas 832770 8,275,321.43 t of cost 13,515,392.83 0.00 0.00 0.00 13,515,392.83
Navigations e financial assets d capital
shares method
Other securities investment held at
-
the end of the period
182,053,720.8 152,920,131.0 -7,455,408.8 -4,608,463.3 140,903,862.4
Total -- 0.00 47,603.59 0.00 -
8 8 5 4 8
19
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment is involved in the reporting period.
VII. Registration form for investigations, communication and interviews in the reporting
period
√ Applicable □ Not applicable
Time Means Type Investigation Index
January 7, 2019 Phone call Individual Inquire about recent operations of the Company.
Inquire about whether the controlling shareholder of the
January 28, 2019 Phone call Individual
Company SEG Group has pledged stocks of the Company.
Inquire about whether the Company will release the
January 29, 2019 Phone call Individual
performance forecast for 2018.
Inquire about lawsuits involving the holding sub-subsidiary SEG
February 1, 2019 Phone call Individual
New Urban and suspension of some bank accounts.
Inquire about the progress of suspension of some bank accounts
February 27, 2019 Phone call Organization of the holding sub-subsidiary SEG New Urban and whether the
reason is known.
March 4, 2019 Phone call Individual Inquire about the latest number of shareholders of the Company.
March 11, 2019 Phone call Individual Consult the latest register of shareholders of the Company.
March 12, 2019 Phone call Individual Inquire about equity transfer of Shenzhen-Shantou Longyan.
March 21, 2019 Phone call Individual Inquire about the latest number of shareholders of the Company.
March 29, 2019 Phone call Individual Inquire about recent operations of the Company.
VIII. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee is involved in the reporting period.
IX. Non-operating capital occupation on the listed company by the controlling shareholders
and related parties
□ Applicable √ Not applicable
No non-operating capital occupation on the listed company by the controlling shareholders and related parties is involved in the
reporting period.
20
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2019
Unit: Yuan
Item March 31, 2019 December 31, 2018
Current assets:
Monetary funds 1,230,137,703.98 1,757,492,816.67
Deposit reservation for balance
Loans to other banks
Trading financial assets
Financial assets measured by fair
value with changes included in current
gains and losses
Derivative financial assets
Notes receivable and accounts
74,163,820.86 54,426,228.11
receivable
Including: Notes receivable
Accounts receivable 74,163,820.86 54,426,228.11
Advances 1,542,058.75 2,701,718.53
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other accounts receivable 139,939,762.92 115,570,683.93
Including: Interest receivable 1,063,684.93 1,063,684.93
Dividends receivable 2,000,000.00 2,000,000.00
Redemptory monetary capital for
resale
Inventory 2,620,086,306.94 2,670,294,017.74
Contract assets
Held-for-sale assets
21
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Non-current assets due within one
year
Other current assets 532,771,414.44 468,083,201.09
Total current assets 4,598,641,067.89 5,068,568,666.07
Non-current assets:
Loans and advances issued
Debt investment
Financial assets available for sale 34,069,679.99
Other debt investment
Held-to-maturity investment
Long-term receivables 19,000,000.00 19,000,000.00
Long-term equity investment 159,455,526.58 172,684,147.74
Other equity instrument investment 34,135,217.63
Other non-current financial assets
Investment properties 1,398,792,580.02 1,412,916,851.46
Fixed assets 56,170,824.11 59,351,351.90
Construction in progress 161,470,294.54 151,214,015.76
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 31,224,808.45 32,471,556.32
Development expenses
Goodwill 0.00 0.00
Long-term expenses to be amortized 67,658,319.56 73,769,436.90
Deferred income tax assets 55,185,914.76 56,931,280.75
Other non-current assets 47,032,751.31 47,032,751.31
Total non-current assets 2,030,126,236.96 2,059,441,072.13
Total assets 6,628,767,304.85 7,128,009,738.20
Current liabilities:
Short-term borrowing 460,000,000.00 520,000,000.00
Loans from central bank
Loans from other banks
Trading financial liabilities
Financial liabilities measured by fair
value with changes included in current
22
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
gains and losses
Derivative financial liabilities
Notes payable and accounts payable 290,397,686.55 293,130,435.56
Advances from customers 609,813,302.36 692,811,462.75
Financial assets sold for repurchase
Deposits from customers and
interbank
Acting trading securities
Acting underwriting securities
Payroll payable 30,080,168.48 44,065,725.59
Taxes payable 171,476,588.03 121,045,597.93
Other payables 588,676,374.70 1,021,673,905.77
Including: Interest payable 3,284,767.84 4,943,712.80
Dividends payable 4,196,371.01 4,196,371.01
Service charges and commissions
payable
Reinsurance accounts payable
Contract liabilities
Held-for-sale liabilities
Non-current liabilities due within one
258,569,415.58 272,569,415.58
year
Other current liabilities
Total current liabilities 2,409,013,535.70 2,965,296,543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing 710,000,000.00 748,250,000.00
Bonds payable 798,516,471.59 787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities 90,254,503.10 90,254,503.10
Deferred income 6,257,529.58 6,732,529.57
Deferred income tax liabilities 84,629,817.27 79,875,150.30
23
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Other non-current liabilities
Total non-current liabilities 1,689,658,321.54 1,712,864,290.87
Total liabilities 4,098,671,857.24 4,678,160,834.05
Owners' equity:
Share capital 1,235,656,249.00 1,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 148,933,205.15 156,892,820.25
Less: Treasury shares
Other comprehensive income 147,322.80 91,765.66
Special reserve
Surplus reserve 152,762,534.98 152,762,534.98
General risk provision
Undistributed profits 382,575,139.48 322,477,846.55
Total owners' equity attributable to the
1,920,074,451.41 1,867,881,216.44
parent company
Minority shareholders' equity 610,020,996.20 581,967,687.71
Total owners' equity 2,530,095,447.61 2,449,848,904.15
Total liabilities and owners' equity 6,628,767,304.85 7,128,009,738.20
Legal representative: Chen Huijie Person in charge of accounting: Yan Dongxia Responsible person of the accounting
institution: Yan Dongxia
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
Item March 31, 2019 December 31, 2018
Current assets:
Monetary funds 614,617,390.40 971,108,422.35
Trading financial assets
Financial assets measured by fair value
with changes included in current gains and
losses
Derivative financial assets
Notes receivable and accounts
127,360.00 217,360.00
receivable
24
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Including: Notes receivable
Accounts receivable 127,360.00 217,360.00
Advances 256,415.82
Other accounts receivable 1,183,543,911.60 1,098,488,672.67
Including: Interest receivable 0.00
Dividends receivable 2,000,000.00 2,000,000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets 4,087,189.77 4,172,729.68
Total current assets 1,802,632,267.59 2,073,987,184.70
Non-current assets:
Debt investment
Financial assets available for sale 33,515,392.83
Other debt investment
Held-to-maturity investment
Long-term receivables 9,000,000.00 9,000,000.00
Long-term equity investment 1,312,118,572.24 1,326,039,288.79
Other equity instrument investment 33,515,392.83
Other non-current financial assets
Investment properties 250,212,749.91 252,842,527.62
Fixed assets 17,463,525.28 17,786,925.84
Construction in progress 356,437.64
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 1,548,532.03 1,671,913.78
Development expenses
Goodwill
Long-term expenses to be amortized 8,774,276.34 9,404,881.96
Deferred income tax assets 1,633,980.97 1,673,932.41
Other non-current assets 39,560.00
Total non-current assets 1,634,623,467.24 1,651,974,423.23
25
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Total assets 3,437,255,734.83 3,725,961,607.93
Current liabilities:
Short-term borrowing 460,000,000.00 520,000,000.00
Trading financial liabilities
Financial liabilities measured by fair
value with changes included in current gains
and losses
Derivative financial liabilities
Notes payable and accounts payable 206,374.11 206,374.11
Advances from customers 17,728,535.49 22,491,215.88
Contract liabilities
Payroll payable 4,068,340.24 5,143,700.56
Taxes payable 14,536,082.17 4,471,684.00
Other payables 176,644,527.94 439,491,749.59
Including: Interest payable 1,578,179.07 1,578,179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 673,183,859.95 991,804,724.14
Non-current liabilities:
Long-term borrowing
Bonds payable 799,068,579.49 787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income 6,112,104.54 6,592,529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 805,180,684.03 794,344,637.47
Total liabilities 1,478,364,543.98 1,786,149,361.61
26
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Owners' equity:
Share capital 1,235,656,249.00 1,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 223,456,332.26 231,415,947.36
Less: Treasury shares
Other comprehensive income -132.81 -55.90
Special reserve
Surplus reserve 152,762,534.98 152,762,534.98
Undistributed profits 347,016,207.42 319,977,570.88
Total owners' equity 1,958,891,190.85 1,939,812,246.32
Total liabilities and owners' equity 3,437,255,734.83 3,725,961,607.93
3. Consolidated Profit Statement
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating revenue 376,087,480.56 396,384,852.50
Including: Operating revenue 376,087,480.56 391,140,155.46
Interest income 5,020,857.08
Earned premiums
Service charges and
223,839.96
commissions income
II. Total operating cost 329,289,265.35 334,036,630.74
Including: Operating cost 241,791,059.45 267,621,500.55
Interest expenses
Service charges and
commissions expenses
Surrender value
Net compensation pay-outs
Net insurance deposit accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharges 31,785,231.34 10,239,902.06
27
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Sale expenses 5,180,963.20 7,610,500.75
Management expenses 27,336,991.45 29,612,040.70
R&D expenses
Financial expenses 23,195,019.91 15,524,536.56
Including: Interest expenses 23,580,249.71
Interest income -2,423,553.92
Loss from asset impairment 3,428,150.12
Loss from credit impairment
Add: Other income
Income from investment (enter "-"
52,122,030.89 43,590,161.83
for loss)
Including: Income from
-7,720,418.78 -5,476,059.45
investment in joint ventures or associates
Income from exchange (enter "-"
for loss)
Net exposure hedge return (enter
"-" for loss)
Income from change of fair value
(enter "-" for loss)
Income from asset disposal (enter
"-" for loss)
III. Operating profit (enter "-" for loss) 98,920,246.10 105,938,383.59
Add: Non-operating revenue 1,059,075.24 1,567,854.35
Less: Non-operating expenses 234,536.70 4,264,049.51
IV. Total profit (enter "-" for total loss) 99,744,784.64 103,242,188.43
Less: Income tax 29,451,629.62 29,410,259.23
V. Net profit (enter "-" for net loss) 70,293,155.02 73,831,929.20
(I) Classified by continuity of
operations
1. Net profit from continuing
70,293,155.02 73,831,929.20
operations (enter "-" for net loss)
2. Net profit from discontinuing
operations (enter "-" for net loss)
(II) Classified by ownership
1. Net profit attributable to the owner
60,097,292.93 62,622,931.80
of the parent company
28
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
2. Profit and loss of minority
10,195,862.09 11,208,997.40
shareholders
VI. Net of tax of other comprehensive
47,603.59 -46,016.42
incomes
Total owners' net of tax of other
comprehensive incomes attributable to the 47,603.59 -30,654.12
parent company
(I) Other comprehensive incomes not to
be reclassified into gains and losses
1. Changes of the re-measured
defined benefit plans
2. Other comprehensive
incomes not to be reclassified into gains and
losses under the equity method
3. Changes in fair value of other
equity instruments investment
4. Changes in fair value of the
enterprise's own credit risk
5. Others
(II) Other comprehensive incomes to be
47,603.59 -30,654.12
reclassified into gains and losses
1. Other comprehensive
incomes to be reclassified into gains and 47,603.59 -49.05
losses under the equity method
2. Changes in fair value of other
debt investments
3. Gains and losses from
changes of fair value of the -30,506.07
available-for-sale financial assets
4. Amount of financial assets
reclassified into other comprehensive
income
5. Held-to-maturity investments
categorized as gains and losses from the
available-for-sale financial assets
6. Provision for impairment of
other debt investment credit
7. Cash flow hedge reserve
8. Foreign currency translation
29
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
differences
9. Others
Net of tax of other comprehensive income
-15,362.30
attributable to minority shareholders
VII. Total comprehensive income 70,340,758.61 73,785,912.78
Total comprehensive income
attributable to shareholders of the parent 60,128,925.82 62,592,277.68
company
Total comprehensive income
10,211,832.79 11,193,635.10
attributable to minority shareholders
VIII. Earnings per share
1. Basic earnings per share 0.0486 0.0507
2. Diluted earnings per share 0.0486 0.0507
In case of merger of enterprises under common control in the current period, the net profit of the merged party recognized before
merger is RMB 0.00 and the net profit of the merged party in the previous period is RMB 0.00.
Legal representative: Chen Huijie Person in charge of accounting: Yan Dongxia Responsible person of the accounting
institution: Yan Dongxia
4. Profit Statement of the Parent Company
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating revenue 20,516,104.34 19,007,580.23
Less: Operating cost 9,266,866.74 10,624,151.64
Tax and surcharges 1,038,804.70 1,075,625.92
Sale expenses 252,056.61
Management expenses 6,319,012.27 3,949,591.80
R&D expenses
Financial expenses 14,744,143.83 5,261,030.51
Including: Interest expenses 16,284,676.62
Interest income -3,376,552.77
Loss from asset impairment
Loss from credit impairment
Add: Other income
Income from investment (enter "-"
48,706,678.30 46,361,937.23
for loss)
Including: Income from -6,465,030.50 -4,250,907.89
30
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
investment in joint ventures or associates
Net exposure hedge income (enter
"-" for loss)
Income from change of fair value
(enter "-" for loss)
Income from asset disposal (enter
"-" for loss)
II. Operating profit (enter "-" for loss) 37,601,898.49 44,459,117.59
Add: Non-operating revenue 488,166.99 561,600.03
Less: Non-operating expenses 41,873.20 13,788.00
III. Total profit (enter "-" for total loss) 38,048,192.28 45,006,929.62
Less: Income tax 11,009,555.74 11,366,905.21
IV. Net profit (enter "-" for net loss) 27,038,636.54 33,640,024.41
(I) Net profit from continuing
27,038,636.54 33,640,024.41
operations (enter "-" for net loss)
(II) Net profit from discontinuing
operations (enter "-" for net loss)
V. Net of tax of other comprehensive
-184.27 -49.05
incomes
(I) Other comprehensive incomes not
to be reclassified into gains and losses
1. Changes of the re-measured
defined benefit plans
2. Other comprehensive
incomes not to be reclassified into gains and
losses under the equity method
3. Changes in fair value of other
equity instruments investment
4. Changes in fair value of the
enterprise's own credit risk
5. Others
(II) Other comprehensive incomes to be
-184.27 -49.05
reclassified into gains and losses
1. Other comprehensive
incomes to be reclassified into gains and -184.27 -49.05
losses under the equity method
2. Changes in fair value of other
debt investments
31
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
3. Gains and losses from
changes of fair value of the
available-for-sale financial assets
4. Amount of financial assets
reclassified into other comprehensive
income
5. Held-to-maturity investments
categorized as gains and losses from the
available-for-sale financial assets
6. Provision for impairment of
other debt investment credit
7. Cash flow hedge reserve
8. Foreign currency translation
differences
9. Others
VI. Total comprehensive income 27,038,452.27 33,639,975.36
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share
5. Consolidated Cash Flow Statement
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods and
288,094,199.99 386,113,295.26
rendering of services
Net increase in deposits from
customers and interbank
Loans from central bank
Net increase in loans from other banks
Cash received from premium of the
original insurance contract
Net cash received from reinsurance
business
Net increase in the deposit of the
insured and investments
32
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Net increase in financial assets
measured by fair value with changes
included in current gains and losses
Cash received from interest, handling
371,052.26 4,661,395.77
charges and commissions
Net increase in loans from other banks
Net increase in redemption capital
Net cash received from acting trading
securities
Tax refunds
Other cash received from operating
85,403,184.28 162,307,155.67
activities
Subtotal of cash inflow from operating
373,868,436.53 553,081,846.70
activities
Cash paid for goods and service 104,282,449.76 244,997,988.68
Net increase in loans to customers and
-16,784,988.00
advances
Net increase in deposits with central
bank and interbank
Cash paid for indemnity payment of the
original insurance contract
Net increase in financial assets held for
trading purposes
Net increase in lending funds
Cash paid for interest, handling charges
15,359.20
and commissions
Cash paid as insurance dividends
Cash paid to and on behalf of
74,373,921.08 78,163,795.83
employees
Taxes paid 37,114,103.27 70,845,921.44
(1) Other cash received from operating
168,220,603.93 177,009,103.88
activities
Subtotal of cash outflow in operating
383,991,078.04 554,247,181.03
activities
Net cash flow from operating activities -10,122,641.51 -1,165,334.33
III. Cash flow from financing activities:
Cash received from disposal of
355,042,739.73 359,690,000.00
investments
33
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Cash received from returns on
58,464,069.12 52,184,734.09
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
-3,394,971.91
subsidiaries and other business units
Other cash received from financing
79,263.84
activities
Subtotal of cash inflow from financing
413,506,808.85 408,559,026.02
activities
Cash paid for purchase and
construction of fixed assets, intangible 4,150,185.67 32,963,785.60
assets and other long-term assets
Cash paid for investment 793,128,340.34 350,880,000.00
Net increase in mortgage loans
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid for investment
78,250.87
activities
Subtotal of cash outflow in financing
797,278,526.01 383,922,036.47
activities
Net cash flow arising from financing
-383,771,717.16 24,636,989.55
activities
III. Cash flow from financing activities:
Cash received from absorbing
980,000.00
investment
Including: Cash received by
subsidiaries from investment of minority
shareholders
Borrowings received 250,000,000.00 152,000,000.00
Cash received from bond issue
Other cash received from financing
15,000,000.00
activities
Subtotal of cash inflow from financing
250,000,000.00 167,980,000.00
activities
Cash paid for debt repayment 375,632,579.00 281,320,347.76
Cash paid for dividend and profit 8,805,931.09 12,986,315.44
34
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
distribution or interest payment
Including: Dividends and profit paid by
subsidiaries to minority shareholders
Other cash paid for financing activities 4,238,250.00
Subtotal of cash outflow in financing
384,438,510.09 298,544,913.20
activities
Net cash flow arising from financing
-134,438,510.09 -130,564,913.20
activities
IV. Influence of exchange rate fluctuation on
cash and cash equivalents
V. Net increase of cash and cash equivalents -528,332,868.76 -107,093,257.98
Add: Opening balance of cash and cash
1,758,470,572.74 951,482,605.92
equivalents
VI. Closing balance of cash and cash
1,230,137,703.98 844,389,347.94
equivalents
6. Cash Flow Statement of the Parent Company
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods and
14,920,675.13 16,362,940.86
rendering of services
Tax refunds
Other cash received from operating
133,005,791.11 102,294,007.13
activities
Subtotal of cash inflow from operating
147,926,466.24 118,656,947.99
activities
Cash paid for goods and service 7,910,812.48 13,935,879.77
Cash paid to and on behalf of
8,210,460.43 9,029,567.41
employees
Taxes paid 1,218,697.98 2,240,849.30
Other cash received from operating
173,302,675.36 125,336,391.41
activities
Subtotal of cash outflow in operating
190,642,646.25 150,542,687.89
activities
Net cash flow from operating activities -42,716,180.01 -31,885,739.90
35
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
II. Cash flow from financing activities:
Cash received from disposal of
40,000,000.00 180,000,000.00
investments
Cash received from returns on
54,667,639.02 51,024,186.69
investments
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 from financing
activities
Subtotal of cash inflow from financing
94,667,639.02 231,024,186.69
activities
Cash paid for purchase and
construction of fixed assets, intangible 114,000.00
assets and other long-term assets
Cash paid for investment 260,000,000.00 105,000,000.00
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid for investment
activities
Subtotal of cash outflow in financing
260,000,000.00 105,114,000.00
activities
Net cash flow arising from investment
-165,332,360.98 125,910,186.69
activities
III. Cash flow from financing activities:
Cash received by absorbing investment
Borrowings received 250,000,000.00 152,000,000.00
Cash received from bond issue
Other cash received from financing
17,546,666.67 1,963,333.34
activities
Subtotal of cash inflow from financing
267,546,666.67 153,963,333.34
activities
Cash paid for debt repayment 310,000,000.00 200,000,000.00
Cash paid for dividend and profit
6,256,774.15 6,088,791.66
distribution or interest payment
Other cash paid for financing activities 100,000,000.00 4,000,000.00
36
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Subtotal of cash outflow in financing
416,256,774.15 210,088,791.66
activities
Net cash flow arising from financing
-148,710,107.48 -56,125,458.32
activities
IV. Influence of exchange rate fluctuation
on cash and cash equivalents
V. Net increase of cash and cash equivalents -356,758,648.47 37,898,988.47
Add: Opening balance of cash and cash
971,376,038.87 104,463,125.70
equivalents
VI. Closing balance of cash and cash
614,617,390.40 142,362,114.17
equivalents
II. Adjustments to Financial Statements
1. Adjustments in first implementation of new standards for financial instruments, new standards for
income, and new standards for lease, and first implementation of financial statements at the beginning of
the year
√ Applicable □ Not applicable
Consolidated Balance Sheet Statement
Unit: Yuan
Amount of
Item December 31, 2018 January 1, 2019
adjustment
Current assets:
Monetary funds 1,757,492,816.67 1,757,492,816.67
Deposit reservation for balance
Loans to other banks
Trading financial assets Not applicable
Financial assets measured by
fair value with changes included in Not applicable
current gains and losses
Derivative financial assets
Notes receivable and accounts
54,426,228.11 54,426,228.11
receivable
Including: Notes receivable
Accounts receivable 54,426,228.11 54,426,228.11
Advances 2,701,718.53 2,701,718.53
Premiums receivable
37
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Reinsurance accounts
receivable
Reinsurance deposit receivable
Other accounts receivable 115,570,683.93 115,570,683.93
Including: Interest receivable 1,063,684.93 1,063,684.93
Dividends receivable 2,000,000.00 2,000,000.00
Redemptory monetary capital
for resale
Inventory 2,670,294,017.74 2,670,294,017.74
Contract assets Not applicable
Held-for-sale assets
Non-current assets due within
one year
Other current assets 468,083,201.09 468,083,201.09
Total current assets 5,068,568,666.07 5,068,568,666.07
Non-current assets:
Loans and advances issued
Debt investment Not applicable
Financial assets available for
34,069,679.99 Not applicable -34,069,679.99
sale
Other debt investment Not applicable
Held-to-maturity investment Not applicable
Long-term receivables 19,000,000.00 19,000,000.00
Long-term equity investment 172,684,147.74 172,684,147.74
Other equity instrument
Not applicable 34,069,679.99 34,069,679.99
investment
Other non-current financial
Not applicable
assets
Investment properties 1,412,916,851.46 1,412,916,851.46
Fixed assets 59,351,351.90 59,351,351.90
Construction in progress 151,214,015.76 151,214,015.76
Productive biological assets
Oil & gas assets
Right-of-use assets Not applicable
Intangible assets 32,471,556.32 32,471,556.32
Development expenses
38
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Goodwill
Long-term expenses to be
73,769,436.90 73,769,436.90
amortized
Deferred income tax assets 56,931,280.75 56,931,280.75
Other non-current assets 47,032,751.31 47,032,751.31
Total non-current assets 2,059,441,072.13 2,059,441,072.13
Total assets 7,128,009,738.20 7,128,009,738.20
Current liabilities:
Short-term borrowing 520,000,000.00 520,000,000.00
Loans from central bank
Loans from other banks
Trading financial liabilities Not applicable
Financial liabilities measured
by fair value with changes included Not applicable
in current gains and losses
Derivative financial liabilities
Notes payable and accounts
293,130,435.56 293,130,435.56
payable
Advances from customers 692,811,462.75 692,811,462.75
Financial assets sold for
repurchase
Deposits from customers and
interbank
Acting trading securities
Acting underwriting securities
Payroll payable 44,065,725.59 44,065,725.59
Taxes payable 121,045,597.93 121,045,597.93
Other payables 1,021,673,905.77 1,021,673,905.77
Including: Interest payable 4,943,712.80 4,943,712.80
Dividends payable 4,196,371.01 4,196,371.01
Service charges and
commissions payable
Reinsurance accounts payable
Contract liabilities Not applicable
Held-for-sale liabilities
Non-current liabilities due 272,569,415.58 272,569,415.58
39
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
within one year
Other current liabilities
Total current liabilities 2,965,296,543.18 2,965,296,543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing 748,250,000.00 748,250,000.00
Bonds payable 787,752,107.90 787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities Not applicable
Long-term payables
Estimated liabilities 90,254,503.10 90,254,503.10
Deferred income 6,732,529.57 6,732,529.57
Deferred income tax liabilities 79,875,150.30 79,875,150.30
Other non-current liabilities
Total non-current liabilities 1,712,864,290.87 1,712,864,290.87
Total liabilities 4,678,160,834.05 4,678,160,834.05
Owners' equity:
Share capital 1,235,656,249.00 1,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 156,892,820.25 156,892,820.25
Less: Treasury shares
Other comprehensive income 91,765.66 91,765.66
Surplus reserve 152,762,534.98 152,762,534.98
General risk provision
Undistributed profits 322,477,846.55 322,477,846.55
Total owners' equity attributable to
1,867,881,216.44 1,867,881,216.44
the parent company
Minority shareholders' equity 581,967,687.71 581,967,687.71
Total owners' equity 2,449,848,904.15 2,449,848,904.15
Total liabilities and owners' equity 7,128,009,738.20 7,128,009,738.20
Notes to adjustments
In 2017, the ministry of finance issued the revised "accounting standards for enterprises no. 22 - recognition and measurement of
40
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
financial instruments", "the accounting standards for enterprises no. 23 - transfer of financial assets", "the accounting standards for
enterprises no. 24 - hedging accounting" and "accounting standards for enterprises no. 37 - presentation of financial instruments
(generally referred to as the" new financial instruments standards "), and new financial instruments accounting standards shall enter
into force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the company
will hold the equity investment designated as fair value measurement and its changes into other comprehensive income of
non-trading equity instrument investment, financial statements to other equity instrument investment.
Balance Sheet Statement of the Parent Company
Unit: Yuan
Amount of
Item December 31, 2018 January 1, 2019
adjustment
Current assets:
Monetary funds 971,108,422.35 971,108,422.35
Trading financial assets Not applicable
Financial assets measured by
fair value with changes included in Not applicable
current gains and losses
Derivative financial assets
Notes receivable and accounts
217,360.00 217,360.00
receivable
Including: Notes receivable
Accounts receivable 217,360.00 217,360.00
Advances
Other accounts receivable 1,098,488,672.67 1,098,488,672.67
Including: Interest receivable
Dividends receivable 2,000,000.00 2,000,000.00
Inventory
Contract assets Not applicable
Held-for-sale assets
Non-current assets due within
one year
Other current assets 4,172,729.68 4,172,729.68
Total current assets 2,073,987,184.70 2,073,987,184.70
Non-current assets:
Debt investment Not applicable
Financial assets available for
33,515,392.83 Not applicable -33,515,392.83
sale
Other debt investment Not applicable
41
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Held-to-maturity investment Not applicable
Long-term receivables 9,000,000.00 9,000,000.00
Long-term equity investment 1,326,039,288.79 1,326,039,288.79
Other equity instrument
Not applicable 33,515,392.83 33,515,392.83
investment
Other non-current financial
Not applicable
assets
Investment properties 252,842,527.62 252,842,527.62
Fixed assets 17,786,925.84 17,786,925.84
Construction in progress
Productive biological assets
Oil & gas assets
Right-of-use assets Not applicable
Intangible assets 1,671,913.78 1,671,913.78
Development expenses
Goodwill
Long-term expenses to be
9,404,881.96 9,404,881.96
amortized
Deferred income tax assets 1,673,932.41 1,673,932.41
Other non-current assets 39,560.00 39,560.00
Total non-current assets 1,651,974,423.23 1,651,974,423.23
Total assets 3,725,961,607.93 3,725,961,607.93
Current liabilities:
Short-term borrowing 520,000,000.00 520,000,000.00
Trading financial liabilities Not applicable
Financial liabilities measured
by fair value with changes included Not applicable
in current gains and losses
Derivative financial liabilities
Notes payable and accounts
206,374.11 206,374.11
payable
Advances from customers 22,491,215.88 22,491,215.88
Contract liabilities Not applicable
Payroll payable 5,143,700.56 5,143,700.56
Taxes payable 4,471,684.00 4,471,684.00
Other payables 439,491,749.59 439,491,749.59
42
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
Including: Interest payable 1,578,179.07 1,578,179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 991,804,724.14 991,804,724.14
Non-current liabilities:
Long-term borrowing
Bonds payable 787,752,107.90 787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities Not applicable
Long-term payables
Estimated liabilities
Deferred income 6,592,529.57 6,592,529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 794,344,637.47 794,344,637.47
Total liabilities 1,786,149,361.61 1,786,149,361.61
Owners' equity:
Share capital 1,235,656,249.00 1,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 231,415,947.36 231,415,947.36
Less: Treasury shares
Other comprehensive income -55.90 -55.90
Surplus reserve 152,762,534.98 152,762,534.98
Undistributed profits 319,977,570.88 319,977,570.88
Total owners' equity 1,939,812,246.32 1,939,812,246.32
Total liabilities and owners' equity 3,725,961,607.93 3,725,961,607.93
Notes to adjustments
In 2017, the ministry of finance issued the revised "accounting standards for enterprises no. 22 - recognition and measurement of
financial instruments", "the accounting standards for enterprises no. 23 - transfer of financial assets", "the accounting standards for
43
Full text of Q1 2019
Report of Shenzhen SEG Co., Ltd.
enterprises no. 24 - hedging accounting" and "accounting standards for enterprises no. 37 - presentation of financial instruments
(generally referred to as the" new financial instruments standards "), and new financial instruments accounting standards shall enter
into force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the company
will hold the equity investment designated as fair value measurement and its changes into other comprehensive income of
non-trading equity instrument investment, financial statements to other equity instrument investment.
2. Retroactive adjustments of comparative date of previous periods in first implementation of new
standards for financial instruments and new standards for lease
□Applicable √ Not applicable
III. Audit Report
Is the Q1 report audited?
□ Yes √ No
The Q1 report of the Company has not been audited.
44
